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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Statement of Comprehensive Income [Abstract]    
SALES $ 179,082 $ 222,041
Costs and Expenses    
Cost of sales (149,166) (160,979)
Selling and general expenses (16,778) (14,760)
Other operating expense, net (Note 14) (2,516) (984)
Costs and expenses (168,460) (176,723)
OPERATING INCOME 10,622 45,318
Interest expense (11,700) (8,337)
Interest and other miscellaneous income (expense), net 9,554 (468)
INCOME BEFORE INCOME TAXES 8,476 36,513
Income tax expense (Note 16) (1,039) (5,515)
NET INCOME 7,437 30,998
Less: Net income attributable to noncontrolling interests in the operating partnership (174) (669)
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates 1,037 (1,012)
Net income available to unitholders 8,300 29,317
OTHER COMPREHENSIVE (LOSS) INCOME    
Foreign currency translation adjustment, net of income tax effect of $0 and $0 (3,733) 6,458
Cash flow hedges, net of income tax effect of $312 and $1,022 (12,319) 40,427
Amortization of pension and postretirement plans, net of income tax expense of $0 and $0 1 188
Total other comprehensive (loss) income (16,051) 47,073
COMPREHENSIVE (LOSS) INCOME (8,614) 78,071
Less: Comprehensive loss (income) attributable to noncontrolling interests in the operating partnership 156 (1,686)
Less: Comprehensive loss (income) attributable to noncontrolling interests in consolidated affiliates 1,032 (2,408)
Comprehensive INCOME ATTRIBUTABLE TO RAYONIER INC / L.P. UNITHOLDERS $ (7,426) $ 73,977
EARNINGS PER COMMON SHARE    
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.06 $ 0.20
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.06 $ 0.20