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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
SALES $ 1,109,597 $ 859,154 $ 711,556
Costs and Expenses      
Cost of sales (796,115) (712,436) (558,350)
Selling and general expenses (57,791) (50,645) (41,646)
Other operating income (expense), net 14,084 (21,685) (4,533)
Costs and Expenses (839,822) (784,766) (604,529)
OPERATING (LOSS) INCOME 269,775 74,388 107,027
Interest expense (44,907) (38,768) (31,716)
Interest and other miscellaneous income, net 280 1,173 5,307
INCOME BEFORE INCOME TAXES 225,148 36,793 80,618
Income tax expense (14,661) (7,009) (12,940)
NET INCOME 210,487 29,784 67,678
Less: Net income attributable to noncontrolling interests in the operating partnership (4,516) (528) 0
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (53,421) 7,828 (8,573)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 152,550 37,084 59,105
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 (22,096) 28,272 963
Cash flow hedges, net of income tax 60,315 (61,055) (30,482)
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax effect of $0, $0 and $0 12,476 (925) (1,350)
Total other comprehensive income (loss) 50,695 (33,708) (30,869)
COMPREHENSIVE INCOME (LOSS) 261,182 (3,924) 36,809
Less: Comprehensive income attributable to noncontrolling interests in the operating partnership (6,116) (3,068) 0
Less: Comprehensive (income) loss attributable to noncontrolling interests in consolidated affiliates (48,234) 1,393 (9,146)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO RAYONIER INC. $ 206,832 $ (5,599) $ 27,663
EARNINGS PER COMMON SHARE      
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 1.08 $ 0.28 $ 0.46
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) $ 1.08 $ 0.27 $ 0.46
Rayonier Limited Partnership      
SALES $ 1,109,597 $ 859,154 $ 711,556
Costs and Expenses      
Cost of sales (796,115) (712,436) (558,350)
Selling and general expenses (57,791) (50,645) (41,646)
Other operating income (expense), net 14,084 (21,685) (4,533)
Costs and Expenses (839,822) (784,766) (604,529)
OPERATING (LOSS) INCOME 269,775 74,388 107,027
Interest expense (44,907) (38,768) (31,716)
Interest and other miscellaneous income, net 280 1,173 5,307
INCOME BEFORE INCOME TAXES 225,148 36,793 80,618
Income tax expense (14,661) (7,009) (12,940)
NET INCOME 210,487 29,784 67,678
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (53,421) 7,828 (8,573)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 157,066 37,612 59,105
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 (22,096) 28,272 963
Cash flow hedges, net of income tax 60,315 (61,055) (30,482)
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax effect of $0, $0 and $0 12,476 (925) (1,350)
Total other comprehensive income (loss) 50,695 (33,708) (30,869)
COMPREHENSIVE INCOME (LOSS) 261,182 (3,924) 36,809
Less: Comprehensive (income) loss attributable to noncontrolling interests in consolidated affiliates (48,234) 1,393 (9,146)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO RAYONIER INC. $ 212,948 $ (2,531) $ 27,663
EARNINGS PER COMMON SHARE      
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 1.08 $ 0.28 $ 0.46
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 1.08 $ 0.27 $ 0.46