Consolidating Financial Statements (Tables)

9 Months Ended

Sep. 30, 2012

Senior Exchangeable Notes due 2012 & 2015 [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consolidating Statement of Income and Comprehensive Income [Table Text Block]

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME  AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	381,400		$	43,720		$	(16,132	)	$	408,988
Costs and Expenses
Cost of sales	—			—			—			266,987			28,282			(16,618		)	278,651
Selling and general expenses	—			2,762			—			12,717			358			—			15,837
Other operating expense (income), net	—			730			—			2,335			(1,681		)	8			1,392
	—			3,492			—			282,039			26,959			(16,610		)	295,880
Equity in income (loss) of New Zealand joint venture	—			—			—			169			(103		)	—			66
OPERATING (LOSS) INCOME	—			(3,492		)	—			99,530			16,658			478			113,174
Interest (expense) income	(3,136		)	(196		)	(10,244		)	5,587			(264		)	—			(8,253		)
Interest and miscellaneous income (expense), net	1,630			1,594			(980		)	(3,872		)	1,862			—			234
Equity in income from subsidiaries	82,066			85,241			73,635			—			—			(240,942		)	—
INCOME BEFORE INCOME TAXES	80,560			83,147			62,411			101,245			18,256			(240,464		)	105,155
Income tax (expense) benefit	—			(1,081		)	4,096			(27,610		)	—			—			(24,595		)
NET INCOME	80,560			82,066			66,507			73,635			18,256			(240,464		)	80,560
OTHER COMPREHENSIVE INCOME	9,652			9,652			328			328			6,143			(16,451		)	9,652
COMPREHENSIVE INCOME	$	90,212		$	91,718		$	66,835		$	73,963		$	24,399		$	(256,915	)	$	90,212

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	342,937		$	61,463		$	(19,309	)	$	385,091
Costs and Expenses
Cost of sales	—		—			—			254,969			32,376			(21,161		)	266,184
Selling and general expenses	—		2,566			—			12,584			612			—			15,762
Other operating expense (income), net	—		45			—			(2,606		)	(1,610		)	—			(4,171		)
	—		2,611			—			264,947			31,378			(21,161		)	277,775
Equity in income of New Zealand joint venture	—		—			—			200			794			—			994
OPERATING (LOSS) INCOME	—		(2,611		)	—			78,190			30,879			1,852			108,310
Interest (expense) income	—		(440		)	(12,139		)	328			(105		)	—			(12,356		)
Interest and miscellaneous income (expense), net	—		1,332			(1,121		)	(5,053		)	5,173			—			331
Equity in income from subsidiaries	104,909		106,350			76,971			—			—			(288,230		)	—
INCOME BEFORE INCOME TAXES	104,909		104,631			63,711			73,465			35,947			(286,378		)	96,285
Income tax benefit	—		278			4,840			3,506			—			—			8,624
NET INCOME	104,909		104,909			68,551			76,971			35,947			(286,378		)	104,909
OTHER COMPREHENSIVE INCOME	5,215		5,215			15			15			3,090			(8,335		)	5,215
COMPREHENSIVE INCOME	$	110,124	$	110,124		$	68,566		$	76,986		$	39,037		$	(294,713	)	$	110,124

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,062,065		$	125,475		$	(50,846	)	$	1,136,694
Costs and Expenses
Cost of sales	—			—			—			764,886			81,816			(52,183		)	794,519
Selling and general expenses	—			7,977			—			41,296			2,432			—			51,705
Other operating expense  (income), net	—			742			—			1,517			(8,473		)	1,160			(5,054		)
	—			8,719			—			807,699			75,775			(51,023		)	841,170
Equity in income (loss) of New Zealand joint venture	—			—			—			507			(257		)	—			250
OPERATING (LOSS) INCOME	—			(8,719		)	—			254,873			49,443			177			295,774
Interest (expense) income	(7,502		)	(646		)	(30,713		)	4,639			(1,911		)	—			(36,133		)
Interest and miscellaneous income (expense), net	5,086			4,580			(3,022		)	(11,911		)	5,561			—			294
Equity in income from subsidiaries	205,492			211,635			179,787			—			—			(596,914		)	—
INCOME BEFORE INCOME TAXES	203,076			206,850			146,052			247,601			53,093			(596,737		)	259,935
Income tax (expense) benefit	—			(1,358		)	12,313			(67,814		)	—			—			(56,859		)
NET INCOME	203,076			205,492			158,365			179,787			53,093			(596,737		)	203,076
OTHER COMPREHENSIVE INCOME	$	13,144		$	13,144		$	1,128		$	1,128		$	2,719		$	(18,119	)	$	13,144
COMPREHENSIVE INCOME	$	216,220		$	218,636		$	159,493		$	180,915		$	55,812		$	(614,856	)	$	216,220

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,002,015		$	147,884		$	(49,681	)	$	1,100,218
Costs and Expenses
Cost of sales	—		—			—			750,375			90,630			(54,538		)	786,467
Selling and general expenses	—		7,497			—			38,639			2,051			—			48,187
Other operating expense (income), net	—		130			—			(406		)	(5,304		)	—			(5,580		)
	—		7,627			—			788,608			87,377			(54,538		)	829,074
Equity in income of New Zealand joint venture	—		—			—			561			3,256			—			3,817
OPERATING (LOSS) INCOME	—		(7,627		)	—			213,968			63,763			4,857			274,961
Interest (expense) income	—		(831		)	(37,350		)	73			(192		)	—			(38,300		)
Interest and miscellaneous income (expense), net	—		3,972			(3,313		)	(15,069		)	15,345			—			935
Equity in income from subsidiaries	219,774		224,142			166,190			—			—			(610,106		)	—
INCOME BEFORE INCOME TAXES	219,774		219,656			125,527			198,972			78,916			(605,249		)	237,596
Income tax benefit (expense)	—		118			14,842			(32,782		)	—			—			(17,822		)
NET INCOME	219,774		219,774			140,369			166,190			78,916			(605,249		)	219,774
OTHER COMPREHENSIVE INCOME	$	17,265	$	17,265		$	524		$	524		$	10,919		$	(29,232	)	$	17,265
COMPREHENSIVE INCOME	$	237,039	$	237,039		$	140,893		$	166,714		$	89,835		$	(634,481	)	$	237,039

Schedule of Condensed Consolidating Balance Sheets [Table Text Block]

	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2012
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	76,809	$	59,546	$	46,287	$	9,130		$	23,703	$	—		$	215,475
Accounts receivable, less allowance for doubtful accounts	11		234		—		106,534			3,164		—			109,943
Inventory	—		—		—		139,521			—		(18,438		)	121,083
Intercompany interest receivable	—		—		—		—			3,153		(3,153		)	—
Prepaid and other current assets	—		831		709		67,984			9,156		—			78,680
Total current assets	76,820		60,611		46,996		323,169			39,176		(21,591		)	525,181
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		39,677			1,448,418		1,794			1,489,889
NET PROPERTY, PLANT AND EQUIPMENT	—		2,408		—		624,185			3,218		—			629,811
INVESTMENT IN JOINT VENTURE	—		—		—		(10,741		)	80,930		—			70,189
INVESTMENT IN SUBSIDIARIES	1,449,432		1,638,041		1,289,147		—			—		(4,376,620		)	—
INTERCOMPANY NOTES RECEIVABLE	220,188		—		19,642		—			—		(239,830		)	—
OTHER ASSETS	3,500		26,663		4,228		690,362			18,167		(544,122		)	198,798
TOTAL ASSETS	$	1,749,940	$	1,727,723	$	1,360,013	$	1,666,652		$	1,589,909	$	(5,180,369	)	$	2,913,868
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,025	$	1	$	86,455		$	4,181	$	—		$	91,662
Current maturities of long-term debt	—		—		41,268		—			—		—			41,268
Accrued taxes	—		1,531		—		56,995			6,196		—			64,722
Accrued payroll and benefits	—		13,994		—		9,224			1,848		—			25,066
Accrued interest	6,974		461		8,734		699			533		—			17,401
Accrued customer incentives	—		—		—		9,620			—		—			9,620
Other current liabilities	—		2,434		—		8,413			17,551		—			28,398
Current liabilities for dispositions and discontinued operations	—		—		—		8,929			—		—			8,929
Total current liabilities	6,974		19,445		50,003		180,335			30,309		—			287,066
LONG-TERM DEBT	325,000		—		565,878		—			76,907		—			967,785
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		75,524			—		—			75,524
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		114,586		—		25,567			—		—			140,153
OTHER NON-CURRENT LIABILITIES	—		18,058		—		6,736			580		—			25,374
INTERCOMPANY PAYABLE	—		126,202		—		89,343			219,632		(435,177		)	—
TOTAL LIABILITIES	331,974		278,291		615,881		377,505			327,428		(435,177		)	1,495,902
TOTAL SHAREHOLDERS’ EQUITY	1,417,966		1,449,432		744,132		1,289,147			1,262,481		(4,745,192		)	1,417,966
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,749,940	$	1,727,723	$	1,360,013	$	1,666,652		$	1,589,909	$	(5,180,369	)	$	2,913,868

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)		Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	8,977		$	59,976	$	7,398		$	2,252	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3			—		94,399			606		—			95,008
Inventory	—		—			—		133,300			—		(11,302		)	121,998
Intercompany interest receivable	—		—			—		—			3,848		(3,848		)	—
Prepaid and other current assets	—		2,328			808		36,937			8,820		—			48,893
Total current assets	—		11,308			60,784		272,034			15,526		(15,150		)	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			—		39,824			1,462,027		1,860			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551			—		456,754			2,247		—			461,552
INVESTMENT IN JOINT VENTURE	—		—			—		(11,006		)	80,225		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661		1,490,444			1,156,896		—			—		(3,886,001		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420		—			19,073		—			—		(223,493		)	—
OTHER ASSETS	—		26,850			6,491		702,087			6,856		(551,920		)	190,364
TOTAL ASSETS	$	1,443,081	$	1,531,153		$	1,243,244	$	1,459,693		$	1,566,881	$	(4,674,704	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,801		$	10	$	69,648		$	1,414	$	—		$	72,873
Current maturities of long-term debt	—		—			28,110		—			—		—			28,110
Accrued taxes	—		(27		)	—		3,934			1,316		—			5,223
Accrued payroll and benefits	—		13,810			—		10,563			2,473		—			26,846
Accrued interest	8		246			5,442		739			609		—			7,044
Accrued customer incentives	—		—			—		10,369			—		—			10,369
Other current liabilities	—		1,886			—		9,199			6,770		—			17,855
Current liabilities for dispositions and discontinued operations	—		—			—		9,931			—		—			9,931
Total current liabilities	8		17,716			33,562		114,383			12,582		—			178,251
LONG-TERM DEBT	120,000		30,000			580,647		—			88,582		—			819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—			—		80,893			—		—			80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		112,904			—		27,719			—		—			140,623
OTHER NON-CURRENT LIABILITIES	—		20,210			—		6,396			673		—			27,279
INTERCOMPANY PAYABLE	—		111,662			—		73,406			203,208		(388,276		)	—
TOTAL LIABILITIES	120,008		292,492			614,209		302,797			305,045		(388,276		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661			629,035		1,156,896			1,261,836		(4,286,428		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	1,531,153		$	1,243,244	$	1,459,693		$	1,566,881	$	(4,674,704	)	$	2,569,348

Schedule of Condensed Consolidating Statements of Cash Flows [Table Text Block]

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	23,916		$	105,407		$	12,000		$	191,883		$	125,524		$	(105,088	)	$	353,642
INVESTING ACTIVITIES
Capital expenditures	—			(240		)	—			(84,259		)	(27,516		)	—			(112,015		)
Purchase of timberlands	—			—			—			—			(11,632		)	—			(11,632		)
Jesup mill cellulose specialties expansion	—			—			—			(104,782		)	—			—			(104,782		)
Change in restricted cash	—			—			—			—			(12,796		)	—			(12,796		)
Investment in Subsidiaries	—			—			(5,536		)	—			—			5,536			—
Other	—			(69		)	—			1,979			2,371			—			4,281
CASH USED FOR INVESTING ACTIVITIES	—			(309		)	(5,536		)	(187,062		)	(49,573		)	5,536			(236,944		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			15,000			—			15,000			—			355,000
Repayment of debt	(120,000		)	(30,000		)	(23,153		)	—			(25,500		)	—			(198,653		)
Dividends paid	(152,358		)	—			—			—			—			—			(152,358		)
Proceeds from the issuance of common shares	20,732			—			—			—			—			—			20,732
Excess tax benefits on stock-based compensation	—			—			—			7,057			—			—			7,057
Debt issuance costs	(3,698		)	—			—			—			—			—			(3,698		)
Repurchase of common shares	(7,783		)	—			—			—			—			—			(7,783		)
Issuance of intercompany notes	(9,000		)	—			—			—			9,000			—			—
Intercompany distributions	—			(24,529		)	(12,000		)	(10,023		)	(53,000		)	99,552			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	52,893			(54,529		)	(20,153		)	(2,966		)	(54,500		)	99,552			20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(123		)	—			—			(123		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	76,809			50,569			(13,689		)	1,732			21,451			—			136,872
Balance, beginning of year	—			8,977			59,976			7,398			2,252			—			78,603
Balance, end of period	$	76,809		$	59,546		$	46,287		$	9,130		$	23,703		$	—		$	215,475

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2011
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	136,224		$	147,352		$	15,000		$	165,221		$	136,241		$	(273,768	)	$	326,270
INVESTING ACTIVITIES
Capital expenditures	—			(16		)	—			(60,950		)	(26,190		)	—			(87,156		)
Purchase of timberlands	—			—			—			(5,638		)	(88,524		)	—			(94,162		)
Jesup mill cellulose specialties expansion	—			—			—			(8,059		)	—			—			(8,059		)
Change in restricted cash	—			—			—			—			8,323			—			8,323
Investment in Subsidiaries	—			(73,736		)	68,613			—			—			5,123			—
Other	—			—			—			584			(71		)	—			513
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(73,752		)	68,613			(74,063		)	(106,462		)	5,123			(180,541		)
FINANCING ACTIVITIES
Issuance of debt	—			75,000			—			—			105,000			—			180,000
Repayment of debt	—			—			(75,000		)	—			(105,000		)	—			(180,000		)
Dividends paid	(136,563		)	—			—			—			—			—			(136,563		)
Proceeds from the issuance of common shares	8,248			—			—			—			—			—			8,248
Excess tax benefits on stock-based compensation	—			—			—			4,951			—			—			4,951
Debt issuance costs	—			(675		)	(676		)	—			(676		)	—			(2,027		)
Repurchase of common shares	(7,909		)	—			—			—			—			—			(7,909		)
Intercompany distributions	—			(135,309		)	(14,760		)	(87,508		)	(31,068		)	268,645			—
CASH USED FOR FINANCING ACTIVITIES	(136,224		)	(60,984		)	(90,436		)	(82,557		)	(31,744		)	268,645			(133,300		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			393			—			—			393
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			12,616			(6,823		)	8,994			(1,965		)	—			12,822
Balance, beginning of year	—			29,759			283,258			1,280			35,166			—			349,463
Balance, end of period	$	—		$	42,375		$	276,435		$	10,274		$	33,201		$	—		$	362,285

Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consolidating Statement of Income and Comprehensive Income [Table Text Block]

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	353,967		$	71,153		$	(16,132	)	$	408,988
Costs and Expenses
Cost of sales	—			242,773			52,496			(16,618		)	278,651
Selling and general expenses	—			12,837			3,000			—			15,837
Other operating expense (income), net	—			2,054			(671		)	9			1,392
	—			257,664			54,825			(16,609		)	295,880
Equity in income of New Zealand joint venture	—			—			66			—			66
OPERATING INCOME	—			96,303			16,394			477			113,174
Interest expense	(3,136		)	(4,853		)	(264		)	—			(8,253		)
Interest and miscellaneous income (expense), net	1,630			(3,261		)	1,865			—			234
Equity in income from subsidiaries	82,066			18,527			—			(100,593		)	—
INCOME BEFORE INCOME TAXES	80,560			106,716			17,995			(100,116		)	105,155
Income tax (expense) benefit	—			(24,650		)	55			—			(24,595		)
NET INCOME	80,560			82,066			18,050			(100,116		)	80,560
OTHER COMPREHENSIVE INCOME	9,652			9,652			6,250			(15,902		)	9,652
COMPREHENSIVE INCOME	$	90,212		$	91,718		$	24,300		$	(116,018	)	$	90,212

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2011
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	318,523		$	85,878		$	(19,310	)	$	385,091
Costs and Expenses
Cost of sales	—		232,447			54,900			(21,163		)	266,184
Selling and general expenses	—		12,372			3,390			—			15,762
Other operating income, net	—		(1,367		)	(2,804		)	—			(4,171		)
	—		243,452			55,486			(21,163		)	277,775
Equity in income of New Zealand joint venture	—		—			994			—			994
OPERATING INCOME	—		75,071			31,386			1,853			108,310
Interest expense	—		(12,250		)	(106		)	—			(12,356		)
Interest and miscellaneous (expense) income, net	—		(4,846		)	5,177			—			331
Equity in income from subsidiaries	104,909		37,963			—			(142,872		)	—
INCOME BEFORE INCOME TAXES	104,909		95,938			36,457			(141,019		)	96,285
Income tax benefit (expense)	—		8,971			(347		)	—			8,624
NET INCOME	104,909		104,909			36,110			(141,019		)	104,909
OTHER COMPREHENSIVE INCOME	5,215		5,215			2,955			(8,170		)	5,215
COMPREHENSIVE INCOME	$	110,124	$	110,124		$	39,065		$	(149,189	)	$	110,124

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	981,902		$	205,638		$	(50,846	)	$	1,136,694
Costs and Expenses
Cost of sales	—			694,308			152,394			(52,183		)	794,519
Selling and general expenses	—			40,376			11,329			—			51,705
Other operating expense (income), net	—			473			(6,687		)	1,160			(5,054		)
	—			735,157			157,036			(51,023		)	841,170
Equity in income of New Zealand joint venture	—			—			250			—			250
OPERATING INCOME	—			246,745			48,852			177			295,774
Interest expense	(7,502		)	(26,720		)	(1,911		)	—			(36,133		)
Interest and miscellaneous income (expense), net	5,086			(10,370		)	5,578			—			294
Equity in income from subsidiaries	205,492			52,196			—			(257,688		)	—
INCOME BEFORE INCOME TAXES	203,076			261,851			52,519			(257,511		)	259,935
Income tax expense	—			(56,359		)	(500		)	—			(56,859		)
NET INCOME	203,076			205,492			52,019			(257,511		)	203,076
OTHER COMPREHENSIVE INCOME	13,144			13,144			3,201			(16,345		)	13,144
COMPREHENSIVE INCOME	$	216,220		$	218,636		$	55,220		$	(273,856	)	$	216,220

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2011
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	909,051		$	240,848		$	(49,681	)	$	1,100,218
Costs and Expenses
Cost of sales	—		665,806			175,199			(54,538		)	786,467
Selling and general expenses	—		36,926			11,261			—			48,187
Other operating expense (income), net	—		487			(6,067		)	—			(5,580		)
	—		703,219			180,393			(54,538		)	829,074
Equity in income of New Zealand joint venture	—		—			3,817			—			3,817
OPERATING INCOME	—		205,832			64,272			4,857			274,961
Interest expense	—		(38,108		)	(192		)	—			(38,300		)
Interest and miscellaneous (expense) income, net	—		(14,432		)	15,367			—			935
Equity in income from subsidiaries	219,774		83,665			—			(303,439		)	—
INCOME BEFORE INCOME TAXES	219,774		236,957			79,447			(298,582		)	237,596
Income tax expense	—		(17,183		)	(639		)	—			(17,822		)
NET INCOME	219,774		219,774			78,808			(298,582		)	219,774
OTHER COMPREHENSIVE INCOME	17,265		17,265			10,816			(28,081		)	17,265
COMPREHENSIVE INCOME	$	237,039	$	237,039		$	89,624		$	(326,663	)	$	237,039

Schedule of Condensed Consolidating Balance Sheets [Table Text Block]

	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2012
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	76,809	$	100,808	$	37,858	$	—		$	215,475
Accounts receivable, less allowance for doubtful accounts	11		103,668		6,264		—			109,943
Inventory	—		138,478		1,043		(18,438		)	121,083
Intercompany interest receivable	—		—		3,153		(3,153		)	—
Prepaid and other current assets	—		64,448		14,232		—			78,680
Total current assets	76,820		407,402		62,550		(21,591		)	525,181
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		115,030		1,373,065		1,794			1,489,889
NET PROPERTY, PLANT AND EQUIPMENT	—		625,544		4,267		—			629,811
INVESTMENT IN JOINT VENTURE	—		—		70,189		—			70,189
INVESTMENT IN SUBSIDIARIES	1,449,432		834,374		—		(2,283,806		)	—
INTERCOMPANY NOTES RECEIVABLE	220,188		—		—		(220,188		)	—
OTHER ASSETS	3,500		696,817		42,603		(544,122		)	198,798
TOTAL ASSETS	$	1,749,940	$	2,679,167	$	1,552,674	$	(3,067,913	)	$	2,913,868
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	83,347	$	8,315	$	—		$	91,662
Current maturities of long-term debt	—		41,268		—		—			41,268
Accrued taxes	—		58,631		6,091		—			64,722
Accrued payroll and benefits	—		22,603		2,463		—			25,066
Accrued interest	6,974		9,894		533		—			17,401
Accrued customer incentives	—		9,620		—		—			9,620
Other current liabilities	—		10,114		18,284		—			28,398
Current liabilities for dispositions and discontinued operations	—		8,929		—		—			8,929
Total current liabilities	6,974		244,406		35,686		—			287,066
LONG-TERM DEBT	325,000		565,878		76,907		—			967,785
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		75,524		—		—			75,524
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		140,153		—		—			140,153
OTHER NON-CURRENT LIABILITIES	—		24,009		1,365		—			25,374
INTERCOMPANY PAYABLE	—		179,765		235,770		(415,535		)	—
TOTAL LIABILITIES	331,974		1,229,735		349,728		(415,535		)	1,495,902
TOTAL SHAREHOLDERS’ EQUITY	1,417,966		1,449,432		1,202,946		(2,652,378		)	1,417,966
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,749,940	$	2,679,167	$	1,552,674	$	(3,067,913	)	$	2,913,868

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	58,132	$	20,471	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		90,658		4,350		—			95,008
Inventory	—		132,323		977		(11,302		)	121,998
Intercompany interest receivable	—		—		3,848		(3,848		)	—
Prepaid and other current assets	—		39,366		9,527		—			48,893
Total current assets	—		320,479		39,173		(15,150		)	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		117,243		1,384,608		1,860			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		458,497		3,055		—			461,552
INVESTMENT IN JOINT VENTURE	—		—		69,219		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661		801,838		—		(2,040,499		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420		—		—		(204,420		)	—
OTHER ASSETS	—		710,663		31,622		(551,921		)	190,364
TOTAL ASSETS	$	1,443,081	$	2,408,720	$	1,527,677	$	(2,810,130	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	65,732	$	7,141	$	—		$	72,873
Current maturities of long-term debt	—		28,110		—		—			28,110
Accrued taxes	—		3,838		1,385		—			5,223
Accrued payroll and benefits	—		23,070		3,776		—			26,846
Accrued interest	8		6,427		609		—			7,044
Accrued customer incentives	—		10,369		—		—			10,369
Other current liabilities	—		10,319		7,536		—			17,855
Current liabilities for dispositions and discontinued operations	—		9,931		—		—			9,931
Total current liabilities	8		157,796		20,447		—			178,251
LONG-TERM DEBT	120,000		610,647		88,582		—			819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		80,893		—		—			80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		140,623		—		—			140,623
OTHER NON-CURRENT LIABILITIES	—		25,894		1,385		—			27,279
INTERCOMPANY PAYABLE	—		154,206		214,997		(369,203		)	—
TOTAL LIABILITIES	120,008		1,170,059		325,411		(369,203		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661		1,202,266		(2,440,927		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	2,408,720	$	1,527,677	$	(2,810,130	)	$	2,569,348

Schedule of Condensed Consolidating Statements of Cash Flows [Table Text Block]

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	23,916		$	285,901		$	121,354		$	(77,529	)	$	353,642
INVESTING ACTIVITIES
Capital expenditures	—			(84,627		)	(27,388		)	—			(112,015		)
Purchase of timberlands	—			(101		)	(11,531		)	—			(11,632		)
Jesup mill cellulose specialties expansion	—			(104,782		)	—			—			(104,782		)
Change in restricted cash	—			—			(12,796		)	—			(12,796		)
Other	—			1,910			2,371			—			4,281
CASH USED FOR INVESTING ACTIVITIES	—			(187,600		)	(49,344		)	—			(236,944		)
FINANCING ACTIVITIES
Issuance of debt	325,000			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(53,153		)	(25,500		)	—			(198,653		)
Dividends paid	(152,358		)	—			—			—			(152,358		)
Proceeds from the issuance of common shares	20,732			—			—			—			20,732
Excess tax benefits on stock-based compensation	—			7,057			—			—			7,057
Debt issuance costs	(3,698		)	—			—			—			(3,698		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Issuance of intercompany notes	(9,000		)	—			9,000			—			—
Intercompany distributions	—			(24,529		)	(53,000		)	77,529			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	52,893			(55,625		)	(54,500		)	77,529			20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(123		)	—			(123		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	76,809			42,676			17,387			—			136,872
Balance, beginning of year	—			58,132			20,471			—			78,603
Balance, end of period	$	76,809		$	100,808		$	37,858		$	—		$	215,475

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2011
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	136,224		$	293,595		$	62,828		$	(166,377	)	$	326,270
INVESTING ACTIVITIES
Capital expenditures	—			(60,887		)	(26,269		)	—			(87,156		)
Purchase of timberlands	—			(83,574		)	(10,588		)	—			(94,162		)
Jesup mill cellulose specialties expansion	—			(8,059		)	—			—			(8,059		)
Change in restricted cash	—			—			8,323			—			8,323
Other	—			584			(71		)	—			513
CASH USED FOR INVESTING ACTIVITIES	—			(151,936		)	(28,605		)	—			(180,541		)
FINANCING ACTIVITIES
Issuance of debt	—			75,000			105,000			—			180,000
Repayment of debt	—			(75,000		)	(105,000		)	—			(180,000		)
Dividends paid	(136,563		)	—			—			—			(136,563		)
Proceeds from the issuance of common shares	8,248			—			—			—			8,248
Excess tax benefits on stock-based compensation	—			4,951			—			—			4,951
Debt issuance costs	—			(1,351		)	(676		)	—			(2,027		)
Repurchase of common shares	(7,909		)	—			—			—			(7,909		)
Intercompany distributions	—			(135,309		)	(31,068		)	166,377			—
CASH USED FOR FINANCING ACTIVITIES	(136,224		)	(131,709		)	(31,744		)	166,377			(133,300		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			393			—			393
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			9,950			2,872			—			12,822
Balance, beginning of year	—			303,746			45,717			—			349,463
Balance, end of period	$	—		$	313,696		$	48,589		$	—		$	362,285