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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
SALES $ 859,154 $ 711,556 $ 816,138
Costs and Expenses      
Cost of sales (712,436) (558,350) (605,259)
Selling and general expenses (50,645) (41,646) (41,951)
Other operating (expense) income, net (21,685) (4,533) 1,140
Costs and Expenses (784,766) (604,529) (646,070)
OPERATING (LOSS) INCOME 74,388 107,027 170,068
Interest expense (38,768) (31,716) (32,066)
Interest and other miscellaneous income, net 1,173 5,307 4,564
INCOME BEFORE INCOME TAXES 36,793 80,618 142,566
Income tax expense (7,009) (12,940) (25,236)
NET INCOME 29,784 67,678 117,330
Less: Net (income) attributable to noncontrolling interest in the Operating Partnership (528) 0 0
Less: Net loss (income) attributable to noncontrolling interest in consolidated affiliates 7,828 (8,573) (15,114)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 37,084 59,105 102,216
OTHER COMPREHENSIVE (LOSS) INCOME      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 28,272 963 (22,759)
Cash flow hedges, net of income tax (61,055) (30,482) 5,029
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax effect of $0, $0 and $711 (925) (1,350) (1,630)
Total other comprehensive loss (33,708) (30,869) (19,360)
COMPREHENSIVE (LOSS) INCOME (3,924) 36,809 97,970
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership (3,068) 0 0
Less: Comprehensive loss (income) attributable to noncontrolling interest in consolidated affiliates 1,393 (9,146) (8,931)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. $ (5,599) $ 27,663 $ 89,039
EARNINGS PER COMMON SHARE      
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.28 $ 0.46 $ 0.79
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.27 $ 0.46 $ 0.79
Rayonier Limited Partnership      
SALES $ 859,154 $ 711,556 $ 816,138
Costs and Expenses      
Cost of sales (712,436) (558,350) (605,259)
Selling and general expenses (50,645) (41,646) (41,951)
Other operating (expense) income, net (21,685) (4,533) 1,140
Costs and Expenses (784,766) (604,529) (646,070)
OPERATING (LOSS) INCOME 74,388 107,027 170,068
Interest expense (38,768) (31,716) (32,066)
Interest and other miscellaneous income, net 1,173 5,307 4,564
INCOME BEFORE INCOME TAXES 36,793 80,618 142,566
Income tax expense (7,009) (12,940) (25,236)
NET INCOME 29,784 67,678 117,330
Less: Net loss (income) attributable to noncontrolling interest in consolidated affiliates 7,828 (8,573) (15,114)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 37,612 59,105 102,216
OTHER COMPREHENSIVE (LOSS) INCOME      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 28,272 963 (22,759)
Cash flow hedges, net of income tax (61,055) (30,482) 5,029
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax effect of $0, $0 and $711 (925) (1,350) (1,630)
Total other comprehensive loss (33,708) (30,869) (19,360)
COMPREHENSIVE (LOSS) INCOME (3,924) 36,809 97,970
Less: Comprehensive loss (income) attributable to noncontrolling interest in consolidated affiliates 1,393 (9,146) (8,931)
COMPREHENSIVE (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. $ (2,531) $ 27,663 $ 89,039
EARNINGS PER COMMON SHARE      
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.28 $ 0.46 $ 0.79
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.27 $ 0.46 $ 0.79