Segment and Geographical Information (Notes)

3 Months Ended

Mar. 31, 2013

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

Segment and Geographical Information [Text Block]

8. SEGMENT AND GEOGRAPHICAL INFORMATION

Rayonier operates in three reportable business segments: Forest Resources, Real Estate and Performance Fibers. Prior to the first quarter of 2013, the Company operated in four reportable business segments, which included Wood Products. In March 2013, the Company sold its Wood Products business and its operations are shown as discontinued operations for all periods presented. See Note 2 — Sale of Wood Products Business for additional information.

Forest Resources sales include all activities related 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 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 Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the 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:

	March 31,		December 31,
ASSETS	2013		2012
Forest Resources	$	1,722,413	$	1,690,030
Real Estate	102,374		112,647
Performance Fibers	973,786		902,309
Wood Products (a)	—		18,454
Other Operations	31,238		23,296
Corporate and other	372,474		376,215
Total	$	3,202,285	$	3,122,951

(a) The Company sold its Wood Products segment during the first quarter of 2013. See Note 2 — Sale of Wood Products Business for additional information.

	Three Months Ended March 31,
SALES	2013			2012
Forest Resources	$	57,102		$	52,195
Real Estate	24,297			12,647
Performance Fibers	284,188			250,855
Other Operations	28,227			21,140
Intersegment Eliminations (b)	(95		)	(266		)
Total	$	393,719		$	336,571

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

	Three Months Ended March 31,
OPERATING INCOME(LOSS)	2013			2012
Forest Resources	$	13,255		$	8,005
Real Estate	16,842			6,478
Performance Fibers	91,670			80,630
Other Operations	165			(931		)
Corporate and other	(6,569		)	(11,432		)
Total	$	115,363		$	82,750

	Three Months Ended March 31,
DEPRECIATION, DEPLETION AND AMORTIZATION	2013		2012
Forest Resources	$	16,444	$	16,833
Real Estate	4,177		1,845
Performance Fibers	15,153		11,361
Corporate and other	218		374
Total	$	35,992	$	30,413