Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Rayonier’s debt consisted of the following at December 31, 2012 and 2011:

	2012			2011
Senior Notes due 2022 at a fixed interest rate of 3.75%	$	325,000		$	—
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% (retired in October 2012)	—			294,622
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% (a)	165,821			163,525
Installment note due 2014 at a fixed interest rate of 8.64%	112,500			112,500
Mortgage notes due 2017 at fixed interest rates of 4.35% (b)	76,731			88,582
Pollution control bond (retired in May 2012) and solid waste bond due 2020 at a variable interest rate of 1.57% at December 31, 2012	15,000			38,110
Revolving Credit Facility borrowings due 2016 at variable interest rates of 1.19% to 3.25% at December 31, 2012 (c)	275,000			150,000
Term Credit Agreement borrowings due 2019 at a variable interest rate of 1.71% at December 31, 2012	300,000			—
Total debt	1,270,052			847,339
Less: Current maturities of long-term debt	(150,000		)	(28,110		)
Long-term debt	$	1,120,052		$	819,229

Schedule of Maturities of Long-term Debt [Table Text Block]

Principal payments due during the next five years and thereafter are as follows:

2013 (c)	$	150,000
2014	112,500
2015	172,500
2016	125,000
2017	73,500
Thereafter	640,000
Total Debt	$	1,273,500

(a) Our Senior Exchangeable Notes maturing in 2015 were discounted by $6.7 million and $9.0 million as of December 31, 2012 and 2011, respectively, but upon maturity the liability will be $172.5 million.

(b) The mortgage notes due in 2017 were recorded at a premium of $3.2 million and $4.6 million as of December 31, 2012 and 2011, respectively. Upon maturity the liability will be $73.5 million.  

(c) Borrowings under the Revolving Credit Facility include $150 million classified in current liabilities due to the Company's intent to repay this amount in January 2013.

Schedule of Convertible Debt [Table Text Block]

The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2012 and 2011 are as follows:

	2012			2011
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes	$	172,500		$	172,500
3.75% Senior Exchangeable Notes	—			300,000
Unamortized discount
4.50% Senior Exchangeable Notes	(6,679		)	(8,975		)
3.75% Senior Exchangeable Notes	—			(5,378		)
Net carrying amount of debt	$	165,821		$	458,147
Equity:
Common stock	$	8,850		$	28,092

Schedule of Interest Related to Convertible Debt [Table Text Block]

The amount of interest related to the convertible debt recognized in the Consolidated Statements of Income and Comprehensive Income for the three years ended December 31 is as follows:

	2012		2011		2010
Contractual interest coupon
4.50% Senior Exchangeable Notes	$	7,763	$	7,763	$	7,763
3.75% Senior Exchangeable Notes	8,682		11,250		11,250
Amortization of debt discount
4.50% Senior Exchangeable Notes	2,296		2,167		2,045
3.75% Senior Exchangeable Notes	5,378		6,487		6,115
Total interest expense recognized	$	24,119	$	27,667	$	27,173

Schedule of Debt Covenants [Table Text Block]

The covenants listed below, which are the most significant financial covenants in effect as of December 31, 2012, are calculated on a trailing 12-month basis:

	Covenant Requirement	Actual ratio	Favorable
Covenant EBITDA to consolidated interest expense should not be less than	2.50 to 1	12.57 to 1	10.07
Consolidated funded debt should not exceed 65 percent of consolidated net worth plus the amount of consolidated funded debt	65%	45%	20%
Subsidiary debt should not exceed 15 percent of Consolidated Net Tangible Assets	15%	0%	15%
RFR cash flow available for fixed charges to RFR fixed charges should not be less than	2.50 to 1	15.53 to 1	13.03