XML 42 R13.htm IDEA: XBRL DOCUMENT

NEW ZEALAND SUBSIDIARY	9 Months Ended
NEW ZEALAND SUBSIDIARY	Sep. 30, 2019
Equity Method Investments and Joint Ventures [Abstract]
NEW ZEALAND SUBSIDIARY	NEW ZEALAND SUBSIDIARY The Company maintains a 77% controlling financial interest in Matariki Forestry Group (the “New Zealand subsidiary”), a joint venture that owns or leases approximately 414,000 legal acres of New Zealand timberland. Accordingly, the Company consolidates the New Zealand subsidiary’s balance sheet and results of operations. The portions of the consolidated financial position and results of operations attributable to the New Zealand subsidiary’s 23% noncontrolling interest are shown separately within the Consolidated Statements of Income and Comprehensive Income and Consolidated Statements of Shareholders’ Equity. Rayonier New Zealand Limited (“RNZ”), a wholly-owned subsidiary of Rayonier Inc., serves as the manager of the New Zealand subsidiary.