Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2018	Dec. 31, 2017
CURRENT ASSETS
Cash and cash equivalents	$ 148,374	$ 112,653
Accounts receivable, less allowance for doubtful accounts of $8 and $23	26,151	27,693
Inventory (Note 18)	15,703	24,141
Prepaid logging roads	11,976	11,207
Prepaid expenses	5,040	4,786
Other current assets	609	3,047
Total current assets	207,853	183,527
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,401,327	2,462,066
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	85,609	80,797
PROPERTY, PLANT AND EQUIPMENT
Land	4,131	3,962
Buildings	22,503	23,618
Machinery and equipment	3,534	4,440
Construction in progress	567	627
Total property, plant and equipment, gross	30,735	32,647
Less—accumulated depreciation	(7,984)	(9,269)
Total property, plant and equipment, net	22,751	23,378
RESTRICTED CASH (NOTE 19)	8,080	59,703
OTHER ASSETS (NOTE 20)	55,046	49,010
TOTAL ASSETS	2,780,666	2,858,481
CURRENT LIABILITIES
Accounts payable	18,019	25,148
Current maturities of long-term debt (Note 5)	0	3,375
Accrued taxes	3,178	3,781
Accrued payroll and benefits	10,416	9,662
Accrued interest	5,007	5,054
Deferred revenue	10,447	9,721
Other current liabilities	16,474	11,807
Total current liabilities	63,541	68,548
LONG-TERM DEBT, NET OF DEFERRED FINANCING COSTS (NOTE 5)	972,567	1,022,004
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 15)	29,800	31,905
OTHER NON-CURRENT LIABILITIES	60,208	43,084
COMMITMENTS AND CONTINGENCIES (NOTES 8 and 10)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 129,488,675 and 128,970,776 shares issued and outstanding	884,263	872,228
Retained earnings	672,371	707,378
Accumulated other comprehensive income (Note 21)	239	13,417
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,556,873	1,593,023
Noncontrolling interest	97,677	99,917
TOTAL SHAREHOLDERS’ EQUITY	1,654,550	1,692,940
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,780,666	$ 2,858,481