EARNINGS PER COMMON SHARE

6 Months Ended

Jun. 30, 2019

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

EARNINGS PER COMMON SHARE

The following table provides details of the calculations of basic and diluted earnings per common share:

	Three Months Ended June 30,						Six Months Ended June 30,
	2019			2018			2019			2018
Net Income		$20,920			$39,338			$48,713			$82,043
Less: Net income attributable to noncontrolling interest	(2,168		)	(3,080		)	(5,167		)	(5,246		)
Net income attributable to Rayonier Inc.		$18,752			$36,258			$43,546			$76,797
Shares used for determining basic earnings per common share	129,380,282			129,067,325			129,277,490			128,935,003
Dilutive effect of:
Stock options	13,463			103,154			16,580			90,815
Performance and restricted shares	250,170			540,808			403,915			606,760
Shares used for determining diluted earnings per common share	129,643,915			129,711,287			129,697,985			129,632,578
Basic earnings per common share attributable to Rayonier Inc.:		$0.14			$0.28			$0.34			$0.60
Diluted earnings per common share attributable to Rayonier Inc.:		$0.14			$0.28			$0.34			$0.59

	Three Months Ended June 30,		Six Months Ended June 30,
	2019	2018	2019	2018
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options and performance shares	451,258	254,663	444,765	213,241