EARNINGS PER SHARE AND PER UNIT (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table provides details of the calculations of basic and diluted earnings per common share of the Company:

	Three Months Ended March 31,
	2023	2022
Earnings per common share - basic
Numerator:
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 attributable to Rayonier Inc.	$8,300	$29,317
Denominator:
Denominator for basic earnings per common share - weighted average shares	147,377,448	145,430,171
Basic earnings per common share attributable to Rayonier Inc.:	$0.06	$0.20
Earnings per common share - diluted
Numerator:
Net Income	$7,437	$30,998
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates	1,037	(1,012)
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership	$8,474	$29,986
Denominator:
Denominator for basic earnings per common share - weighted average shares	147,377,448	145,430,171
Add: Dilutive effect of:
Stock options	1,886	7,229
Performance shares, restricted shares and restricted stock units	612,412	794,892
Noncontrolling interests in operating partnership units	3,087,383	3,314,784
Denominator for diluted earnings per common share - adjusted weighted average shares	151,079,129	149,547,076
Diluted earnings per common share attributable to Rayonier Inc.:	$0.06	$0.20

The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership:

	Three Months Ended March 31,
	2023	2022
Earnings per unit - basic
Numerator:
Net Income	$7,437	$30,998
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates	1,037	(1,012)
Net income available to unitholders	$8,474	$29,986
Denominator:
Denominator for basic earnings per unit - weighted average units	150,464,831	148,744,955
Basic earnings per unit attributable to Rayonier, L.P.:	$0.06	$0.20
Earnings per unit - diluted
Numerator:
Net Income	$7,437	$30,998
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates	1,037	(1,012)
Net income available to unitholders	$8,474	$29,986
Denominator:
Denominator for basic earnings per unit - weighted average units	150,464,831	148,744,955
Add: Dilutive effect of unit equivalents:
Stock options	1,886	7,229
Performance shares, restricted shares and restricted stock units	612,412	794,892
Denominator for diluted earnings per unit - adjusted weighted average units	151,079,129	149,547,076
Diluted earnings per unit attributable to Rayonier, L.P.:	$0.06	$0.20

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	Three Months Ended March 31,
	2023	2022
Anti-dilutive shares excluded from the computations of diluted earnings per common share:
Stock options, performance shares, restricted shares and restricted stock units	64,667	254
Total	64,667	254

	Three Months Ended March 31,
	2023	2022
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit:
Stock options, performance shares, restricted shares and restricted stock units	64,667	254
Total	64,667	254