INVENTORY

3 Months Ended

Mar. 31, 2019

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

As of March 31, 2019 and December 31, 2018, Rayonier’s inventory consisted entirely of finished goods, as follows:

	March 31, 2019		December 31, 2018
Finished goods inventory
Real estate inventory (a)		$20,742		$11,919
Log inventory	5,479		3,784
Total inventory		$26,221		$15,703

(a)    Represents cost of HBU real estate (including capitalized development investments) expected to be sold within 12 months.

    See Note 7 — Higher And Better Use Timberlands and Real Estate Development Investments for additional information.