Debt (Tables)

12 Months Ended

Dec. 31, 2018

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Rayonier’s debt consisted of the following at December 31, 2018 and 2017:

	2018			2017
Term Credit Agreement due 2024 at a variable interest rate of 4.0% at December 31, 2018		$350,000			$350,000
Senior Notes due 2022 at a fixed interest rate of 3.75%	325,000			325,000
Incremental Term Loan Agreement due 2026 at a variable interest rate of 4.2% at December 31, 2018	300,000			300,000
Revolving Credit Facility due 2020 at a variable interest rate of 2.8% at December 31, 2017	—			50,000
New Zealand subsidiary noncontrolling interest shareholder loan at 0% interest rate	—			3,375
Total debt	975,000			1,028,375
Less: Current maturities of long-term debt	—			(3,375		)
Less: Deferred financing costs	(2,433		)	(2,996		)
Long-term debt, net of deferred financing costs		$972,567			$1,022,004

Total expenditures for long-term leases and deeds on timberlands (including Crown Forest Licenses) for the three years ended December 31:

	2018		2017		2016
Long-Term Leases and Deeds on Timberlands		$9,521		$10,731		$10,710

Schedule of Maturities of Long-term Debt

Principal payments due during the next five years and thereafter are as follows: 

2019	—
2020	—
2021	—
2022	325,000
2023	—
Thereafter	650,000
Total debt		$975,000