XML 77 R63.htm IDEA: XBRL DOCUMENT v3.22.2
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, 2022
Mar. 31, 2022
Jun. 30, 2021
Mar. 31, 2021
Jun. 30, 2022
Jun. 30, 2021
Numerator:            
Net Income $ 25,287   $ 63,420   $ 56,286 $ 78,452
Less: Net income attributable to noncontrolling interests in the operating partnership (546) $ (669) (1,753) $ (341) (1,214) (2,094)
Less: Net income attributable to noncontrolling interests in consolidated affiliates (637)   (4,461)   (1,650) (8,304)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. $ 24,104   $ 57,206   $ 53,422 $ 68,054
Denominator:            
Denominator for basic earnings per common share - weighted average shares (in shares) 146,257,311   139,556,748   145,846,026 138,718,442
Basic earnings per common share attributable to Rayonier Inc (in dollars per share) $ 0.16   $ 0.41   $ 0.37 $ 0.49
Numerator:            
Net Income $ 25,287   $ 63,420   $ 56,286 $ 78,452
Less: Net income attributable to noncontrolling interests in consolidated affiliates 637   4,461   1,650 8,304
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership $ 24,650   $ 58,959   $ 54,636 $ 70,148
Denominator:            
Denominator for basic earnings per common share - weighted average shares (in shares) 146,257,311   139,556,748   145,846,026 138,718,442
Add: Dilutive effect of:            
Stock options (in shares/units) 8,100   12,646   7,664 8,348
Performance shares, restricted shares and restricted stock units (in shares/units) 666,653   210,923   730,773 282,027
Noncontrolling interests in operating partnership units (in shares) 3,312,315   4,275,912   3,313,543 4,303,201
Denominator for diluted earnings per unit - adjusted weighted average units (in shares/units) 150,244,379   144,056,229   149,898,006 143,312,018
Diluted earnings per common share attributable to Rayonier Inc (in dollars per share) $ 0.16   $ 0.41   $ 0.36 $ 0.49
Rayonier Limited Partnership            
Numerator:            
Net Income $ 25,287 30,998 $ 63,420 15,032 $ 56,286 $ 78,452
Less: Net income attributable to noncontrolling interests in consolidated affiliates (637)   (4,461)   (1,650) (8,304)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. $ 24,650   $ 58,959   $ 54,636 $ 70,148
Denominator:            
Denominator for basic earnings per unit - weighted average units (in units) 149,569,626   143,832,660   149,159,569 143,021,643
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.16   $ 0.41   $ 0.37 $ 0.49
Numerator:            
Net Income $ 25,287 $ 30,998 $ 63,420 $ 15,032 $ 56,286 $ 78,452
Less: Net income attributable to noncontrolling interests in consolidated affiliates $ 637   $ 4,461   $ 1,650 $ 8,304
Denominator:            
Denominator for basic earnings per unit - weighted average units (in units) 149,569,626   143,832,660   149,159,569 143,021,643
Add: Dilutive effect of:            
Stock options (in shares/units) 8,100   12,646   7,664 8,348
Performance shares, restricted shares and restricted stock units (in shares/units) 666,653   210,923   730,773 282,027
Denominator for diluted earnings per unit - adjusted weighted average units (in shares/units) 150,244,379   144,056,229   149,898,006 143,312,018
Diluted earnings (loss) per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.16   $ 0.41   $ 0.36 $ 0.49