Inventory (Notes)

12 Months Ended

Dec. 31, 2012


10.	INVENTORY

As of December 31, 2012 and 2011, Rayonier’s inventory included the following:



	2012		2011
Finished goods (a)	$	103,568	$	96,261
Work in progress	4,446		5,544
Raw materials	17,602		18,295
Manufacturing and maintenance supplies	2,350		1,898
Total inventory	$	127,966	$	121,998


(a)	Includes $4.9 million and $8.3 million of HBU real estate held for sale at December 31, 2012 and 2011, respectively.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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