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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Rayonier Limited Partnership
Units
General Partners’ Capital
Rayonier Limited Partnership
Units
Limited Partners’ Capital
Rayonier Limited Partnership
Accumulated Other Comprehensive Loss
Rayonier Limited Partnership
Noncontrolling Interests in Consolidated Affiliates
Rayonier Limited Partnership
Common Shares
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Affiliates
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 (in shares)             (152,237)      
Repurchase of common shares (3,152)             (3,152)    
Amortization of pension and postretirement plan liabilities 217 $ 217     $ 217       217  
Foreign currency translation adjustment (44,023) (44,023)     (33,894) $ (10,129)     (33,894) (10,129)
Cash flow hedges (83,475) (83,475)     (82,376) (1,099)     (82,376) (1,099)
Distributions to noncontrolling interests in consolidated affiliates (725) (725)       (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]                    
Net income (loss) attributable to noncontrolling interests in the Operating Partnership (195)                  
Amortization of pension and postretirement plan liabilities 652 652                
Foreign currency translation adjustment (8,290) (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]                    
Net income (loss) 455             1,954   (1,499)
Net income (loss) attributable to noncontrolling interests in the Operating Partnership (219)             (219)    
Dividends ($0.27 per share) [1] (36,957)             (36,957)    
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      
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 (in shares)             (66,168)      
Repurchase of common shares (1,572)           $ (1,572)      
Acquisition of noncontrolling interests in consolidated affiliates 372,381 372,381       372,381       372,381
Adjustment of noncontrolling interests in the Operating Partnership (3,992)             (3,992)    
Amortization of pension and postretirement plan liabilities 217 217     217       217  
Foreign currency translation adjustment 23,258 23,258     17,872 5,386     17,872 5,386
Cash flow hedges (7,276) (7,276)     (8,306) 1,030     (8,306) 1,030
Allocation of other comprehensive income (loss) to noncontrolling interests in the Operating Partnership (457)               (457)  
Distributions to noncontrolling interests in consolidated affiliates (6,856) (6,856)       (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)
Net income (loss) attributable to noncontrolling interests 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) $ (5) $ (451)     $ (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 (in shares)             (1,185)      
Repurchase of common shares (4)           $ (4)      
Measurement period adjustment of noncontrolling interests in consolidated affiliates (701) (701)       (701)       (701)
Adjustment of noncontrolling interests in the Operating Partnership (8,030)             (8,030)    
Conversion of common units to common shares (in shares)             1,000      
Conversion of units into common shares 27           $ 27      
Amortization of pension and postretirement plan liabilities 217 217     217       217  
Foreign currency translation adjustment 12,476 12,476     9,160 3,316     9,160 3,316
Cash flow hedges 7,861 7,861     7,479 382     7,479 382
Allocation of other comprehensive income (loss) to noncontrolling interests in the Operating Partnership (532)               (532)  
Distributions to noncontrolling interests in consolidated affiliates (667) (667)       (667)       (667)
Noncontrolling interests in consolidated affiliates redemption of shares (28,403) (28,403)       (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
Beginning balance (in shares) at Dec. 31, 2020             137,678,822      
Beginning balance at Dec. 31, 2020 1,862,645           $ 1,101,675 446,267 (73,885) 388,588
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 15,032             11,189   3,843
Net income (loss) attributable to noncontrolling interests in the Operating Partnership (341)             (341)    
Dividends ($0.27 per share) [1] (37,532)             (37,532)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $381 (in shares)             1,107,814      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $197 36,708           $ 36,708      
Issuance of shares under incentive stock plans (in shares)             39,140      
Issuance of shares under incentive stock plans 1,166           $ 1,166      
Stock-based compensation 2,156           $ 2,156      
Repurchase of common shares (in shares)             (5,020)      
Repurchase of common shares (155)           $ (155)      
Measurement period adjustment of noncontrolling interests in consolidated affiliates 655 655       655       655
Adjustment of noncontrolling interests in the Operating Partnership (11,867)             (11,867)    
Conversion of common units to common shares (in shares)             150,134      
Conversion of units into common shares 4,715           $ 4,715      
Amortization of pension and postretirement plan liabilities 294 294     294       294  
Foreign currency translation adjustment (14,288) (14,288)     (11,652) (2,636)     (11,652) (2,636)
Cash flow hedges 61,001 61,001     61,628 (627)     61,628 (627)
Allocation of other comprehensive income (loss) to noncontrolling interests in the Operating Partnership (1,531)               (1,531)  
Distributions to noncontrolling interests in consolidated affiliates (8,737) (8,737)       (8,737)       (8,737)
Ending balance (in shares) at Mar. 31, 2021             138,970,890      
Ending balance at Mar. 31, 2021 1,909,921           $ 1,146,265 407,716 (25,146) 381,086
Beginning balance (in shares) at Dec. 31, 2020             137,678,822      
Beginning balance at Dec. 31, 2020 1,862,645           $ 1,101,675 446,267 (73,885) 388,588
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) attributable to noncontrolling interests in the Operating Partnership (4,303)                  
Amortization of pension and postretirement plan liabilities 881 881                
Foreign currency translation adjustment (19,670) (19,670)                
Ending balance (in shares) at Sep. 30, 2021             143,049,458      
Ending balance at Sep. 30, 2021 1,792,460           $ 1,296,877 450,076 (36,560) 82,067
Beginning balance (in shares) at Mar. 31, 2021             138,970,890      
Beginning balance at Mar. 31, 2021 1,909,921           $ 1,146,265 407,716 (25,146) 381,086
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 63,420             58,959   4,461
Net income (loss) attributable to noncontrolling interests in the Operating Partnership (1,753)             (1,753)    
Dividends ($0.27 per share) [1] (37,981)             (37,981)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $381 (in shares)             2,199,459      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $197 79,994           $ 79,994      
Issuance of shares under incentive stock plans (in shares)             185,544      
Issuance of shares under incentive stock plans 3,325           $ 3,325      
Stock-based compensation 2,852           $ 2,852      
Repurchase of common shares (in shares)             (42,425)      
Repurchase of common shares (1,453)           $ (1,453)      
Measurement period adjustment of noncontrolling interests in consolidated affiliates 9,034 9,034       9,034       9,034
Adjustment of noncontrolling interests in the Operating Partnership (15,410)             (15,410)    
Conversion of common units to common shares (in shares)             6,439      
Conversion of units into common shares 241           $ 241      
Amortization of pension and postretirement plan liabilities 294 294     294       294  
Foreign currency translation adjustment 1,239 1,239     1,025 214     1,025 214
Cash flow hedges (10,019) (10,019)     (9,833) (186)     (9,833) (186)
Allocation of other comprehensive income (loss) to noncontrolling interests in the Operating Partnership 253               253  
Distributions to noncontrolling interests in consolidated affiliates (6,474) (6,474)       (6,474)       (6,474)
Ending balance (in shares) at Jun. 30, 2021             141,319,907      
Ending balance at Jun. 30, 2021 1,997,483           $ 1,231,224 411,531 (33,407) 388,135
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 110,512             78,041   32,471
Net income (loss) attributable to noncontrolling interests in the Operating Partnership (2,210)             (2,210)    
Dividends ($0.27 per share) [1] (39,032)             (39,032)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $381 (in shares)             1,390,968      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $197 51,132           $ 51,132      
Issuance of shares under incentive stock plans (in shares)             5,740      
Issuance of shares under incentive stock plans 183           $ 183      
Stock-based compensation 2,086           $ 2,086      
Repurchase of common shares (in shares)             (175)      
Repurchase of common shares (6)           $ (6)      
Disposition of noncontrolling interests in consolidated affiliates (255,486) (255,486)       (255,486)       (255,486)
Adjustment of noncontrolling interests in the Operating Partnership 1,746             1,746    
Conversion of common units to common shares (in shares)             333,018      
Conversion of units into common shares 12,258           $ 12,258      
Amortization of pension and postretirement plan liabilities 294 294     294       294  
Foreign currency translation adjustment (6,622) (6,622)     (5,743) (879)     (5,743) (879)
Cash flow hedges 1,711 1,711     $ 2,204 (493)     2,204 (493)
Allocation of other comprehensive income (loss) to noncontrolling interests in the Operating Partnership 92               92  
Distributions to noncontrolling interests in consolidated affiliates (53,562) (53,562)       (53,562)       (53,562)
Noncontrolling interests in consolidated affiliates redemption of shares (28,119) $ (28,119)       $ (28,119)       (28,119)
Ending balance (in shares) at Sep. 30, 2021             143,049,458      
Ending balance at Sep. 30, 2021 $ 1,792,460           $ 1,296,877 $ 450,076 $ (36,560) $ 82,067
[1] For information regarding distributions to noncontrolling interests in the Operating Partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 6 — Noncontrolling Interests