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OTHER ASSETS
12 Months Ended
Dec. 31, 2020
Other Assets [Abstract]  
OTHER ASSETS OTHER ASSETS
    Included in Other Assets are derivatives, goodwill in the New Zealand subsidiary, long-term prepaid roads, patronage equity, marketable equity securities and other deferred expenses including deferred financing costs related to revolving debt and capitalized software costs.
    See Note 16 — Derivative Financial Instruments and Hedging Activities for further information on derivatives including their classification on the Consolidated Balance Sheets.
    Changes in goodwill for the years ended December 31, 2020 and 2019 were:
20202019
Balance, January 1 (net of $0 of accumulated impairment)
$8,611 $8,307 
Changes to carrying amount
Acquisitions— — 
Impairment— — 
Foreign currency adjustment332 304 
Balance, December 31 (net of $0 of accumulated impairment)
$8,943 $8,611 
    See Note 1 — Summary of Significant Accounting Policies for additional information on goodwill.
    As of December 31, 2020 and 2019, Rayonier’s prepaid logging and secondary roads follows:
20202019
Long-term and prepaid and secondary roads
    Pacific Northwest long-term prepaid roads$4,087 $4,198 
    New Zealand long-term secondary roads5,767 4,265 
Total long-term prepaid and secondary roads$9,854 $8,463 
    See Note 1 — Summary of Significant Accounting Policies for additional information on prepaid logging roads.
As of December 31, 2020 and 2019, Rayonier’s patronage equity follows:
20202019
Patronage Equity$6,685$5,217
See Note 1 — Summary of Significant Accounting Policies for additional information on patronage equity.
    
As of December 31, 2020 and 2019, Rayonier’s deferred financing costs related to revolving debt follows:
20202019
Deferred financing costs related to revolving debt$1,040$102
    See Note 1 — Summary of Significant Accounting Policies for additional information on deferred financing costs related to revolving debt.    
As of December 31, 2020 and 2019, Rayonier’s capitalized software costs follows:
20202019
Capitalized software costs$3,651$3,605
        See Note 1 — Summary of Significant Accounting Policies for additional information on capitalized software costs.
As of December 31, 2020 and 2019, Rayonier’s investments in marketable equity securities follows:
20202019
Investments in marketable equity securities— $10,582 
        See Note 1 — Summary of Significant Accounting Policies for additional information on investments in marketable equity securities. As of December 31, 2019, our investments in marketable equity securities consisted entirely of 114,400 limited partnership units of Pope Resources, originally purchased in an open-market transaction at $65.90 per unit. These units were included as consideration transferred in the merger with Pope Resources. See Note 2 — Merger with Pope Resources for additional information.