XML 97 R81.htm IDEA: XBRL DOCUMENT v3.21.2
EARNINGS PER SHARE AND PER UNIT - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Numerator:            
Net income $ 63,420   $ 455   $ 78,452 $ 26,876
Less: Net income attributable to noncontrolling interests in the Operating Partnership (1,753) $ (341) (219)   (2,094) (219)
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (4,461)   1,499   (8,304) 931
Net income attributable to Rayonier Inc. $ 57,206   $ 1,735   $ 68,054 $ 27,588
Denominator:            
Denominator for basic earnings per common share - weighted average shares (in shares) 139,556,748   133,318,209   138,718,442 131,227,852
Basic earnings per common share attributable to Rayonier Inc (in dollars per share) $ 0.41   $ 0.01   $ 0.49 $ 0.21
Numerator:            
Net income $ 63,420   $ 455   $ 78,452 $ 26,876
Less: Net income attributable to noncontrolling interests in the Operating Partnership 1,753 341 219   2,094 219
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates 4,461   (1,499)   8,304 (931)
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the Operating Partnership $ 58,959   $ 1,954   $ 70,148 $ 27,807
Denominator:            
Denominator for basic earnings per common share - weighted average shares (in shares) 139,556,748   133,318,209   138,718,442 131,227,852
Add: Dilutive effect of:            
Stock options (in shares/units) 12,646   0   8,348 537
Performance shares, restricted shares and restricted stock units (in shares/units) 210,923   49,299   282,027 129,390
Noncontrolling interest in common units (in shares) 4,275,912   2,589,518   4,303,201 1,294,759
Denominator for diluted (loss) earnings per common share - adjusted weighted average shares (in shares/units) 144,056,229   135,957,026   143,312,018 132,652,538
Diluted earnings per common share attributable to Rayonier Inc. (in dollars per share) $ 0.41   $ 0.01   $ 0.49 $ 0.21
Rayonier Limited Partnership            
Numerator:            
Net income $ 63,420 15,032 $ 455 $ 26,421 $ 78,452 $ 26,876
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (4,461)   1,499   (8,304) 931
Net income attributable to Rayonier Inc. $ 58,959   $ 1,954   $ 70,148 $ 27,807
Denominator:            
Denominator for basic earnings per unit - weighted average units (in units) 143,832,660   135,907,727   143,021,643 132,522,611
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.41   $ 0.01   $ 0.49 $ 0.21
Numerator:            
Net income $ 63,420 $ 15,032 $ 455 $ 26,421 $ 78,452 $ 26,876
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates $ 4,461   $ (1,499)   $ 8,304 $ (931)
Denominator:            
Denominator for basic earnings per unit - weighted average units (in units) 143,832,660   135,907,727   143,021,643 132,522,611
Add: Dilutive effect of:            
Stock options (in shares/units) 12,646   0   8,348 537
Performance shares, restricted shares and restricted stock units (in shares/units) 210,923   49,299   282,027 129,390
Denominator for diluted (loss) earnings per common share - adjusted weighted average shares (in shares/units) 144,056,229   135,957,026   143,312,018 132,652,538
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.41   $ 0.01   $ 0.49 $ 0.21