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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]                
Net income (loss) $ 30,442     $ 22,740     $ 35,783 $ 49,274
Costs associated with the “at-the-market” (ATM) equity offering program         $ (71)      
Pension and postretirement benefit plans 139   $ 9,562 2 2 $ 1 9,701 4
Foreign currency translation adjustment 13,338 $ 6,014 (16,951) (4,413) (9,203) (3,733) 2,402 (17,350)
Cash flow hedges (15,827) 198 2,966 7,379 11,942 (12,319) (12,664) 7,002
Distributions to noncontrolling interests in consolidated affiliates (1,713) (2,047) (1,713)          
Rayonier Limited Partnership                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 1,821,065 1,845,647 1,877,602 1,838,715 1,854,815 1,880,712 1,877,602 1,880,712
Net income (loss) 30,442 3,035 2,306 22,740 19,096 7,437 35,783 49,274
Distributions on units (42,961) (43,095) (43,374) (43,159) (42,984) (43,033)    
Costs associated with the “at-the-market” (ATM) equity offering program         (71)      
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs of $24           (10)    
Stock-based incentive compensation 3,906 4,904 3,218 3,365 4,336 2,499    
Repurchase of units (5) (4,132) (31) (29) (4,147) (41)    
Adjustment of Redeemable Operating Partnership Units (6,262) 8,626 551 7,233 4,625 (579)    
Conversion of units into common shares 643 1,915 11,511 479 304 23,881    
Pension and postretirement benefit plans 139   9,562 2 2 1 9,701 4
Foreign currency translation adjustment 13,338 6,014 (16,951) (4,413) (9,203) (3,733) 2,402 (17,350)
Cash flow hedges (15,827) 198 2,966 7,379 11,942 (12,319) (12,664) 7,002
Distributions to noncontrolling interests in consolidated affiliates (1,713) (2,047) (1,713)          
Ending balance 1,802,765 1,821,065 1,845,647 1,832,312 1,838,715 1,854,815 1,802,765 1,832,312
Rayonier Limited Partnership | Units | General Partners’ Capital                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 17,759 18,057 18,325 17,977 18,163 18,251 18,325 18,251
Net income (loss) 291 19 14 196 193 85    
Distributions on units (430) (430) (434) (432) (429) (431)    
Costs associated with the “at-the-market” (ATM) equity offering program         (1)      
Stock-based incentive compensation 39 49 32 34 43 25    
Repurchase of units   (41) (1)   (41)      
Adjustment of Redeemable Operating Partnership Units (62) 86 6 72 46 (6)    
Conversion of units into common shares 6 19 115 5 3 239    
Ending balance 17,603 17,759 18,057 17,852 17,977 18,163 17,603 17,852
Rayonier Limited Partnership | Units | Limited Partners’ Capital                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 1,758,158 1,787,713 1,814,193 1,779,764 1,798,174 1,806,895 1,814,193 1,806,895
Net income (loss) 28,858 1,910 1,363 19,361 19,148 8,389    
Distributions on units (42,531) (42,665) (42,940) (42,727) (42,555) (42,602)    
Costs associated with the “at-the-market” (ATM) equity offering program         (70)      
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs of $24           (10)    
Stock-based incentive compensation 3,867 4,855 3,186 3,331 4,293 2,474    
Repurchase of units (5) (4,091) (30) (29) (4,106) (41)    
Adjustment of Redeemable Operating Partnership Units (6,200) 8,540 545 7,161 4,579 (573)    
Conversion of units into common shares 637 1,896 11,396 474 301 23,642    
Ending balance 1,742,784 1,758,158 1,787,713 1,767,335 1,779,764 1,798,174 1,742,784 1,767,335
Rayonier Limited Partnership | Accumulated Other Comprehensive Income                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 30,870 25,472 28,018 27,679 24,194 40,249 28,018 40,249
Pension and postretirement benefit plans 139   9,562 2 2 1    
Foreign currency translation adjustment 12,804 5,728 (16,178) (4,180) (8,790) (3,552)    
Cash flow hedges (17,195) (330) 4,070 7,423 12,273 (12,504)    
Ending balance 26,618 30,870 25,472 30,924 27,679 24,194 26,618 30,924
Rayonier Limited Partnership | Noncontrolling Interests in Consolidated Affiliates                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 14,278 14,405 17,066 13,295 14,284 15,317 17,066 15,317
Net income (loss) 1,293 1,106 929 3,183 (245) (1,037)    
Foreign currency translation adjustment 534 286 (773) (233) (413) (181)    
Cash flow hedges 1,368 528 (1,104) (44) (331) 185    
Distributions to noncontrolling interests in consolidated affiliates (1,713) (2,047) (1,713)          
Ending balance $ 15,760 $ 14,278 $ 14,405 $ 16,201 $ 13,295 $ 14,284 $ 15,760 $ 16,201