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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Shares
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Affiliates
Beginning balance (in shares) at Dec. 31, 2018   129,488,675      
Beginning balance at Dec. 31, 2018 $ 1,654,550 $ 884,263 $ 672,371 $ 239 $ 97,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 27,793   24,794   2,999
Dividends ($0.27 per share) (35,049)   (35,049)    
Issuance of shares under incentive stock plans (in shares)   26,031      
Issuance of shares under incentive stock plans 597 $ 597      
Stock-based compensation 1,477 $ 1,477      
Repurchase of common shares made under repurchase program (in shares)   (1,140)      
Repurchase of common shares made under repurchase program (33) $ (33)      
Amortization of pension and postretirement plan liabilities 112     112  
Foreign currency translation adjustment 6,033     4,680 1,353
Cash flow hedges (10,686)     (10,884) 198
Distributions to noncontrolling interests in consolidated affiliates (3,594)       (3,594)
Ending balance (in shares) at Mar. 31, 2019   129,513,566      
Ending balance at Mar. 31, 2019 1,641,200 $ 886,304 662,116 (5,853) 98,633
Beginning balance (in shares) at Dec. 31, 2018   129,488,675      
Beginning balance at Dec. 31, 2018 1,654,550 $ 884,263 672,371 239 97,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership 0        
Amortization of pension and postretirement plan liabilities 337        
Foreign currency translation adjustment (28,095)        
Ending balance (in shares) at Sep. 30, 2019   129,311,893      
Ending balance at Sep. 30, 2019 1,515,621 $ 886,229 602,051 (63,216) 90,557
Beginning balance (in shares) at Mar. 31, 2019   129,513,566      
Beginning balance at Mar. 31, 2019 1,641,200 $ 886,304 662,116 (5,853) 98,633
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 20,920   18,752   2,168
Dividends ($0.27 per share) (35,125)   (35,125)    
Issuance of shares under incentive stock plans (in shares)   250,344      
Issuance of shares under incentive stock plans 177 $ 177      
Stock-based compensation 2,344 $ 2,344      
Repurchase of common shares made under repurchase program (in shares)   (134,194)      
Repurchase of common shares made under repurchase program (4,207) $ (4,207)      
Amortization of pension and postretirement plan liabilities 112     112  
Foreign currency translation adjustment (5,604)     (4,305) (1,299)
Cash flow hedges (19,519)     (19,465) (54)
Ending balance (in shares) at Jun. 30, 2019   129,629,716      
Ending balance at Jun. 30, 2019 1,600,298 $ 884,618 645,743 (29,511) 99,448
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 1,528   (433)   1,961
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership 0        
Dividends ($0.27 per share) (34,829)   (34,829)    
Issuance of shares under incentive stock plans (in shares)   2,423      
Issuance of shares under incentive stock plans 57 $ 57      
Stock-based compensation 1,562 $ 1,562      
Repurchase of common shares made under repurchase program (in shares)   (320,246)      
Repurchase of common shares made under repurchase program (8,438) $ (8) (8,430)    
Amortization of pension and postretirement plan liabilities 112     112  
Foreign currency translation adjustment (28,524)     (21,918) (6,606)
Cash flow hedges (12,424)     (11,899) (525)
Distributions to noncontrolling interests in consolidated affiliates (3,721)       (3,721)
Ending balance (in shares) at Sep. 30, 2019   129,311,893      
Ending balance at Sep. 30, 2019 1,515,621 $ 886,229 602,051 (63,216) 90,557
Beginning balance (in shares) at Dec. 31, 2019   129,331,069      
Beginning balance at Dec. 31, 2019 1,537,642 $ 888,177 583,006 (31,202) 97,661
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 26,421   25,854   567
Dividends ($0.27 per share) (34,813)   (34,813)    
Issuance of shares under incentive stock plans (in shares)   2,407      
Issuance of shares under incentive stock plans 66 $ 66      
Stock-based compensation 1,510 $ 1,510      
Repurchase of common shares made under repurchase program (in shares)   (152,237)      
Repurchase of common shares made under repurchase program (3,152)   (3,152)    
Amortization of pension and postretirement plan liabilities 217     217  
Foreign currency translation adjustment (44,023)     (33,894) (10,129)
Cash flow hedges (83,475)     (82,376) (1,099)
Distributions to noncontrolling interests in consolidated affiliates (725)       (725)
Ending balance (in shares) at Mar. 31, 2020   129,181,239      
Ending balance at Mar. 31, 2020 1,399,668 $ 889,753 570,895 (147,255) 86,275
Beginning balance (in shares) at Dec. 31, 2019   129,331,069      
Beginning balance at Dec. 31, 2019 1,537,642 $ 888,177 583,006 (31,202) 97,661
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership (195)        
Amortization of pension and postretirement plan liabilities 652        
Foreign currency translation adjustment (8,290)        
Ending balance (in shares) at Sep. 30, 2020   136,518,006      
Ending balance at Sep. 30, 2020 1,851,148 $ 1,065,188 485,636 (121,605) 421,929
Beginning balance (in shares) at Mar. 31, 2020   129,181,239      
Beginning balance at Mar. 31, 2020 1,399,668 $ 889,753 570,895 (147,255) 86,275
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuances of shares associated with the merger with Pope Resources (in shares)   7,181,071      
Issuances of shares associated with the merger with Pope Resources 172,418 $ 172,418      
Net income (loss) 455   1,954   (1,499)
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership (219)   (219)    
Dividends ($0.27 per share) [1] (36,957)   (36,957)    
Issuance of shares under incentive stock plans (in shares)   215,970      
Issuance of shares under incentive stock plans 222 $ 222      
Stock-based compensation 2,668 $ 2,668      
Repurchase of common shares made under repurchase program (in shares)   (66,168)      
Repurchase of common shares made under repurchase program (1,572) $ (1,572)      
Acquisition of noncontrolling interests in consolidated affiliates 372,381       372,381
Adjustment of noncontrolling interest in the Operating Partnership (3,992)   (3,992)    
Amortization of pension and postretirement plan liabilities 217     217  
Foreign currency translation adjustment 23,258     17,872 5,386
Cash flow hedges (7,276)     (8,306) 1,030
Allocation of other comprehensive income to noncontrolling interests in the Operating Partnership (457)     (457)  
Distributions to noncontrolling interests in consolidated affiliates (6,856)       (6,856)
Ending balance (in shares) at Jun. 30, 2020   136,512,112      
Ending balance at Jun. 30, 2020 1,913,958 $ 1,063,489 531,681 (137,929) 456,717
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) (9,498)   (783)   (8,715)
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership 25   25    
Dividends ($0.27 per share) [1] (37,257)   (37,257)    
Costs associated with the “At-the-Market” (ATM) offering program (456) $ (456)      
Issuance of shares under incentive stock plans (in shares)   6,079      
Issuance of shares under incentive stock plans 167 $ 167      
Stock-based compensation 1,965 $ 1,965      
Repurchase of common shares made under repurchase program (in shares)   (1,185)      
Repurchase of common shares made under repurchase program (4) $ (4)      
Measurement period adjustment of noncontrolling interests in consolidated affiliates (701)       (701)
Adjustment of noncontrolling interest in the Operating Partnership (8,030)   (8,030)    
Conversion of common units to common shares (in shares)   1,000      
Conversion of common units to common shares 27 $ 27      
Amortization of pension and postretirement plan liabilities 217     217  
Foreign currency translation adjustment 12,476     9,160 3,316
Cash flow hedges 7,861     7,479 382
Allocation of other comprehensive income to noncontrolling interests in the Operating Partnership (532)     (532)  
Distributions to noncontrolling interests in consolidated affiliates (667)       (667)
Noncontrolling interests in consolidated affiliates redemption of shares (28,403)       (28,403)
Ending balance (in shares) at Sep. 30, 2020   136,518,006      
Ending balance at Sep. 30, 2020 $ 1,851,148 $ 1,065,188 $ 485,636 $ (121,605) $ 421,929
[1] For information regarding distributions to noncontrolling interests in the Operating Partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 5 — Noncontrolling Interests.