Segment and Geographical Information (Notes)

9 Months Ended

Sep. 30, 2012

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment and Geographical Information [Text Block]

7. SEGMENT AND GEOGRAPHICAL INFORMATION

Rayonier operates in four reportable business segments: Forest Resources, Real Estate, Performance Fibers and Wood Products. Forest Resources sales include all activities that relate to the harvesting of timber. Real Estate sales include all property sales, including those designated for higher and better use ("HBU"). The assets of the Real Estate segment include HBU property held by the Company’s real estate subsidiary, TerraPointe LLC. The Performance Fibers segment includes two major product lines, cellulose specialties and absorbent materials. The Wood Products segment is comprised of lumber operations. The Company’s remaining operations include harvesting and selling timber acquired from third parties (log trading). These operations are reported in "Other Operations." Sales between operating segments are made based on estimated fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on the operating income of the segments.

Operating income (loss) as presented in the Condensed Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Condensed Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations.

Total assets, sales, operating income (loss) and depreciation, depletion and amortization by segment including Corporate were as follows:

	September 30,		December 31,
ASSETS	2012		2011
Forest Resources	$	1,623,370	$	1,603,515
Real Estate	110,582		102,682
Performance Fibers	840,082		646,447
Wood Products	18,716		21,264
Other Operations	23,424		24,576
Corporate and other	297,694		170,864
Total	$	2,913,868	$	2,569,348

	Three Months Ended September 30,						Nine Months Ended September 30,
SALES	2012			2011			2012			2011
Forest Resources	$	59,853		$	57,265		$	164,711		$	162,482
Real Estate	13,043			32,177			37,369			57,945
Performance Fibers	288,221			255,457			793,586			739,426
Wood Products	22,825			16,492			65,864			50,239
Other Operations	26,293			25,950			76,702			94,869
Intersegment Eliminations (a)	(1,247		)	(2,250		)	(1,538		)	(4,743		)
Total	$	408,988		$	385,091		$	1,136,694		$	1,100,218

(a) Intersegment eliminations primarily reflect sales from our Forest Resources segment to our Performance Fibers segment.

	Three Months Ended September 30,						Nine Months Ended September 30,
OPERATING INCOME (LOSS)	2012			2011			2012			2011
Forest Resources	$	11,184		$	10,792		$	27,438		$	33,681
Real Estate	8,420			28,077			20,897			40,458
Performance Fibers	101,455			74,897			265,812			221,709
Wood Products	1,618			(740		)	6,669			(1,274		)
Other Operations	(419		)	1,122			(201		)	955
Corporate and other	(9,084		)	(5,838		)	(24,841		)	(20,568		)
Total	$	113,174		$	108,310		$	295,774		$	274,961

	Three Months Ended September 30,				Nine Months Ended September 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2012		2011		2012		2011
Forest Resources	$	18,793	$	16,614	$	52,662	$	47,866
Real Estate	1,288		5,677		4,733		10,598
Performance Fibers	15,077		15,592		41,577		40,089
Wood Products	787		689		2,369		2,344
Corporate and other	368		323		1,158		861
Total	$	36,313	$	38,895	$	102,499	$	101,758