Consolidating Financial Statements (Tables)

3 Months Ended

Mar. 31, 2013

Senior Exchangeable Notes due 2015 [Member] [Domain]

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 March 31, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	393,719		$	—		$	393,719
Costs and Expenses
Cost of sales	—			—			—			266,018			—			266,018
Selling and general expenses	—			2,401			—			13,698			—			16,099
Other operating (income) expense, net	(1,881		)	523			—			(2,145		)	—			(3,503		)
	(1,881		)	2,924			—			277,571			—			278,614
Equity in income of New Zealand joint venture	—			—			—			258			—			258
OPERATING INCOME (LOSS)	1,881			(2,924		)	—			116,406			—			115,363
Interest (expense) income	(3,275		)	(252		)	(6,618		)	2,428			—			(7,717		)
Interest and miscellaneous income (expense), net	2,419			529			(751		)	(2,140		)	—			57
Equity in income from subsidiaries	146,710			148,765			123,469			—			(418,944		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	147,735			146,118			116,100			116,694			(418,944		)	107,703
Income tax benefit (expense)	—			592			2,690			(7,727		)	—			(4,445		)
INCOME FROM CONTINUING OPERATIONS	147,735			146,710			118,790			108,967			(418,944		)	103,258
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			44,477			—			44,477
NET INCOME	147,735			146,710			118,790			153,444			(418,944		)	147,735
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	975			975			240			975			(2,190		)	975
New Zealand joint venture cash flow hedges	554			554			—			554			(1,108		)	554
Gain from pension and postretirement plans, net of income tax	4,969			4,969			4,012			—			(8,981		)	4,969
Total other comprehensive income	6,498			6,498			4,252			1,529			(12,279		)	6,498
COMPREHENSIVE INCOME	$	154,233		$	153,208		$	123,042		$	154,973		$	(431,223	)	$	154,233

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	336,571		$	—		$	336,571
Costs and Expenses
Cost of sales	—			—			—			235,708			—			235,708
Selling and general expenses	—			3,311			—			15,954			—			19,265
Other operating expense (income), net	—			121			—			(1,260		)	—			(1,139		)
	—			3,432			—			250,402			—			253,834
Equity in income of New Zealand joint venture	—			—			—			13			—			13
OPERATING (LOSS) INCOME	—			(3,432		)	—			86,182			—			82,750
Interest expense	(1,249		)	(238		)	(10,226		)	(112		)	—			(11,825		)
Interest and miscellaneous income (expense), net	1,912			1,327			(1,208		)	(2,054		)	—			(23		)
Equity in income from subsidiaries	52,774			55,446			45,745			—			(153,965		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	53,437			53,103			34,311			84,016			(153,965		)	70,902
Income tax (expense) benefit	—			(329		)	4,174			(22,148		)	—			(18,303		)
INCOME FROM CONTINUING OPERATIONS	53,437			52,774			38,485			61,868			(153,965		)	52,599
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			838			—			838
NET INCOME	53,437			52,774			38,485			62,706			(153,965		)	53,437
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	5,825			5,825			(102		)	5,825			(11,548		)	5,825
New Zealand joint venture cash flow hedges	1,205			1,205			—			1,205			(2,410		)	1,205
Gain from pension and postretirement plans, net of income tax	3,140			3,140			2,380			2,380			(7,900		)	3,140
Total other comprehensive income	10,170			10,170			2,278			9,410			(21,858		)	10,170
COMPREHENSIVE INCOME	$	63,607		$	62,944		$	40,763		$	72,116		$	(175,823	)	$	63,607

Schedule of Condensed Consolidating Balance Sheets [Table Text Block]

	CONDENSED CONSOLIDATING BALANCE SHEETS As of March 31, 2013
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	151,978	$	20,930	$	31,749	$	61,360	$	—		$	266,017
Accounts receivable, less allowance for doubtful accounts	27		7		478		105,181		—			105,693
Inventory	—		—		—		113,643		—			113,643
Deferred tax assets	—		—		—		66,509		—			66,509
Prepaid and other current assets	—		3,618		629		34,649		—			38,896
Total current assets	152,005		24,555		32,856		381,342		—			590,758
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		1,565,782		—			1,565,782
NET PROPERTY, PLANT AND EQUIPMENT	—		2,315		—		757,923		—			760,238
INVESTMENT IN JOINT VENTURE	—		—		—		73,830		—			73,830
INVESTMENT IN SUBSIDIARIES	1,599,115		1,827,667		1,486,647		—		(4,913,429		)	—
INTERCOMPANY NOTES RECEIVABLE	215,140		—		20,021		—		(235,161		)	—
OTHER ASSETS	4,042		28,086		4,826		174,723		—			211,677
TOTAL ASSETS	$	1,970,302	$	1,882,623	$	1,544,350	$	2,953,600	$	(5,148,590	)	$	3,202,285
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,463	$	222	$	106,808	$	—		$	108,493
Current maturities of long-term debt	50,000		—		—		—		—			50,000
Accrued taxes	—		14		—		30,045		—			30,059
Accrued payroll and benefits	—		8,578		—		9,893		—			18,471
Accrued interest	6,112		484		3,695		909		—			11,200
Accrued customer incentives	—		—		—		8,936		—			8,936
Other current liabilities	—		3,245		—		21,923		—			25,168
Current liabilities for dispositions and discontinued operations	—		—		—		8,398		—			8,398
Total current liabilities	56,112		13,784		3,917		186,912		—			260,725
LONG-TERM DEBT	375,000		—		698,916		76,555		—			1,150,471
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		71,799		—			71,799
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,743		—		29,086		—			158,829
OTHER NON-CURRENT LIABILITIES	—		14,007		—		7,264		—			21,271
INTERCOMPANY PAYABLE	—		125,974		—		168,076		(294,050		)	—
TOTAL SHAREHOLDERS’ EQUITY	1,539,190		1,599,115		841,517		2,413,908		(4,854,540		)	1,539,190
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,970,302	$	1,882,623	$	1,544,350	$	2,953,600	$	(5,148,590	)	$	3,202,285

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2012
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	252,888	$	3,966	$	19,358	$	4,384	$	—		$	280,596
Accounts receivable, less allowance for doubtful accounts	—		386		—		99,973		—			100,359
Inventory	—		—		—		127,966		—			127,966
Deferred tax assets	—		—		—		15,845		—			15,845
Prepaid and other current assets	—		1,566		691		39,251		—			41,508
Total current assets	252,888		5,918		20,049		287,419		—			566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		1,573,309		—			1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	—		2,321		—		704,717		—			707,038
INVESTMENT IN JOINT VENTURE	—		—		—		72,419		—			72,419
INVESTMENT IN SUBSIDIARIES	1,445,205		1,677,782		1,452,027		—		(4,575,014		)	—
INTERCOMPANY NOTES RECEIVABLE	213,863		14,000		19,831		—		(247,694		)	—
OTHER ASSETS	4,148		27,779		5,182		166,802		—			203,911
TOTAL ASSETS	$	1,916,104	$	1,727,800	$	1,497,089	$	2,804,666	$	(4,822,708	)	$	3,122,951
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	2,099	$	33	$	68,249	$	—		$	70,381
Current maturities of long-term debt	150,000		—		—		—		—			150,000
Accrued taxes	—		485		—		13,339		—			13,824
Accrued payroll and benefits	—		15,044		—		13,024		—			28,068
Accrued interest	3,100		379		3,197		1,280		—			7,956
Accrued customer incentives	—		—		—		10,849		—			10,849
Other current liabilities	—		2,925		—		15,715		—			18,640
Current liabilities for dispositions and discontinued operations	—		—		—		8,105		—			8,105
Total current liabilities	153,100		20,932		3,230		130,561		—			307,823
LONG-TERM DEBT	325,000		—		718,321		76,731		—			1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		73,590		—			73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,156		—		30,426		—			159,582
OTHER NON-CURRENT LIABILITIES	—		16,432		—		7,468		—			23,900
INTERCOMPANY PAYABLE	—		116,075		—		137,797		(253,872		)	—
TOTAL SHAREHOLDERS’ EQUITY	1,438,004		1,445,205		775,538		2,348,093		(4,568,836		)	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,916,104	$	1,727,800	$	1,497,089	$	2,804,666	$	(4,822,708	)	$	3,122,951

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

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Three Months Ended March 31, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	13,984		$	22,259		$	—		$	58,980		$	(5,563	)	$	89,660
INVESTING ACTIVITIES
Capital expenditures	—			(89		)	—			(32,575		)	—			(32,664		)
Purchase of timberlands	—			—			—			(1,560		)	—			(1,560		)
Jesup mill cellulose specialties expansion	—			—			—			(36,734		)	—			(36,734		)
Proceeds from the disposition of Wood Products business	—			—			—			83,741			—			83,741
Change in restricted cash	—			—			—			9,908			—			9,908
Investment in Subsidiaries	—			—			32,391			—			(32,391		)	—
Other	—			—			—			1,790			—			1,790
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(89		)	32,391			24,570			(32,391		)	24,481
FINANCING ACTIVITIES
Issuance of debt	100,000			—			—			—			—			100,000
Repayment of debt	(150,000		)	—			(20,000		)	—			—			(170,000		)
Dividends paid	(57,744		)	—			—			—			—			(57,744		)
Proceeds from the issuance of common shares	4,091			—			—			—			—			4,091
Excess tax benefits on stock-based compensation	—			—			—			6,191			—			6,191
Repurchase of common shares	(11,241		)	—			—			—			—			(11,241		)
Intercompany distributions	—			(5,206		)	—			(32,748		)	37,954			—
CASH USED FOR FINANCING ACTIVITIES	(114,894		)	(5,206		)	(20,000		)	(26,557		)	37,954			(128,703		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(17		)	—			(17		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(100,910		)	16,964			12,391			56,976			—			(14,579		)
Balance, beginning of year	252,888			3,966			19,358			4,384			—			280,596
Balance, end of period	$	151,978		$	20,930		$	31,749		$	61,360		$	—		$	266,017

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Three Months Ended March 31, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES	$	(14,838	)	$	33,980		$	12,000		$	105,616		$	(25,404	)	$	111,354
INVESTING ACTIVITIES
Capital expenditures	—			(55		)	—			(42,024		)	—			(42,079		)
Purchase of timberlands	—			—			—			(8,689		)	—			(8,689		)
Jesup mill cellulose specialties expansion	—			—			—			(26,026		)	—			(26,026		)
Change in restricted cash	—			—			—			(5,609		)	—			(5,609		)
Investment in Subsidiaries	—			—			774			—			(774		)	—
Other	—			(69		)	—			8,805			—			8,736
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(124		)	774			(73,543		)	(774		)	(73,667		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			—			15,000			—			340,000
Repayment of debt	(120,000		)	(30,000		)	—			(15,000		)	—			(165,000		)
Dividends paid	(49,249		)	—			—			—			—			(49,249		)
Proceeds from the issuance of common shares	2,061			—			—			—			—			2,061
Excess tax benefits on stock-based compensation	—			—			—			3,946			—			3,946
Debt issuance costs	(3,565		)	—			—			—			—			(3,565		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Intercompany distributions	—			14,838			(12,000		)	(29,016		)	26,178			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	146,464			(15,162		)	(12,000		)	(25,070		)	26,178			120,410
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(125		)	—			(125		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	131,626			18,694			774			6,878			—			157,972
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of period	$	131,626		$	27,671		$	60,750		$	16,528		$	—		$	236,575

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 March 31, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	393,719		$	—		$	393,719
Costs and Expenses
Cost of sales	—			—			266,018			—			266,018
Selling and general expenses	—			2,401			13,698			—			16,099
Other operating (income) expense, net	(1,881		)	523			(2,145		)	—			(3,503		)
	(1,881		)	2,924			277,571			—			278,614
Equity in income of New Zealand joint venture	—			—			258			—			258
OPERATING INCOME (LOSS)	1,881			(2,924		)	116,406			—			115,363
Interest (expense) benefit	(3,275		)	(6,870		)	2,428			—			(7,717		)
Interest and miscellaneous income (expense), net	2,419			(222		)	(2,140		)	—			57
Equity in income from subsidiaries	146,710			153,444			—			(300,154		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	147,735			143,428			116,694			(300,154		)	107,703
Income tax expense (benefit)	—			3,282			(7,727		)	—			(4,445		)
INCOME FROM CONTINUING OPERATIONS	147,735			146,710			108,967			(300,154		)	103,258
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			44,477			—			44,477
NET INCOME	147,735			146,710			153,444			(300,154		)	147,735
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	975			975			975			(1,950		)	975
New Zealand joint venture cash flow hedges	554			554			554			(1,108		)	554
Gain from pension and postretirement plans, net of income tax	4,969			4,969			—			(4,969		)	4,969
Total other comprehensive income	6,498			6,498			1,529			(8,027		)	6,498
COMPREHENSIVE INCOME	$	154,233		$	153,208		$	154,973		$	(308,181	)	$	154,233

	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended March 31, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	336,571		$	—		$	336,571
Costs and Expenses
Cost of sales	—			—			235,708			—			235,708
Selling and general expenses	—			3,311			15,954			—			19,265
Other operating expense (income), net	—			121			(1,260		)	—			(1,139		)
	—			3,432			250,402			—			253,834
Equity in income of New Zealand joint venture	—			—			13			—			13
OPERATING (EXPENSE) INCOME	—			(3,432		)	86,182			—			82,750
Interest expense	(1,249		)	(10,464		)	(112		)	—			(11,825		)
Interest and miscellaneous income (expense), net	1,912			119			(2,054		)	—			(23		)
Equity in income from subsidiaries	52,774			62,706			—			(115,480		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	53,437			48,929			84,016			(115,480		)	70,902
Income tax benefit (expense)	—			3,845			(22,148		)	—			(18,303		)
INCOME FROM CONTINUING OPERATIONS	53,437			52,774			61,868			(115,480		)	52,599
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			838			—			838
NET INCOME	53,437			52,774			62,706			(115,480		)	53,437
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	5,825			5,825			5,825			(11,650		)	5,825
New Zealand joint venture cash flow hedges	1,205			1,205			1,205			(2,410		)	1,205
Gain from pension and postretirement plans, net of income tax	3,140			3,140			2,380			(5,520		)	3,140
Total other comprehensive income	10,170			10,170			9,410			(19,580		)	10,170
COMPREHENSIVE INCOME	$	63,607		$	62,944		$	72,116		$	(135,060	)	$	63,607

Schedule of Condensed Consolidating Balance Sheets [Table Text Block]

	CONDENSED CONSOLIDATING BALANCE SHEETS As of March 31, 2013
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	151,978	$	52,679	$	61,360	$	—		$	266,017
Accounts receivable, less allowance for doubtful accounts	27		485		105,181		—			105,693
Inventory	—		—		113,643		—			113,643
Deferred tax asset	—		—		66,509		—			66,509
Prepaid and other current assets	—		4,247		34,649		—			38,896
Total current assets	152,005		57,411		381,342		—			590,758
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		1,565,782		—			1,565,782
NET PROPERTY, PLANT AND EQUIPMENT	—		2,315		757,923		—			760,238
INVESTMENT IN JOINT VENTURE	—		—		73,830		—			73,830
INVESTMENT IN SUBSIDIARIES	1,599,115		2,472,796		—		(4,071,911		)	—
INTERCOMPANY NOTES RECEIVABLE	215,140		20,021		—		(235,161		)	—
OTHER ASSETS	4,042		32,912		174,723		—			211,677
TOTAL ASSETS	$	1,970,302	$	2,585,455	$	2,953,600	$	(4,307,072	)	$	3,202,285
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,685	$	106,808	$	—		$	108,493
Current maturities of long-term debt	50,000		—		—		—			50,000
Accrued taxes	—		14		30,045		—			30,059
Accrued payroll and benefits	—		8,578		9,893		—			18,471
Accrued interest	6,112		4,179		909		—			11,200
Accrued customer incentives	—		—		8,936		—			8,936
Other current liabilities	—		3,245		21,923		—			25,168
Current liabilities for dispositions and discontinued operations	—		—		8,398		—			8,398
Total current liabilities	56,112		17,701		186,912		—			260,725
LONG-TERM DEBT	375,000		698,916		76,555		—			1,150,471
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		71,799		—			71,799
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,743		29,086		—			158,829
OTHER NON-CURRENT LIABILITIES	—		14,007		7,264		—			21,271
INTERCOMPANY PAYABLE	—		125,973		168,076		(294,049		)	—
TOTAL SHAREHOLDERS’ EQUITY	1,539,190		1,599,115		2,413,908		(4,013,023		)	1,539,190
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,970,302	$	2,585,455	$	2,953,600	$	(4,307,072	)	$	3,202,285

	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2012
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	252,888	$	23,324	$	4,384	$	—		$	280,596
Accounts receivable, less allowance for doubtful accounts	—		386		99,973		—			100,359
Inventory	—		—		127,966		—			127,966
Deferred tax assets	—		—		15,845		—			15,845
Prepaid and other current assets	—		2,257		39,251		—			41,508
Total current assets	252,888		25,967		287,419		—			566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		1,573,309		—			1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	—		2,321		704,717		—			707,038
INVESTMENT IN JOINT VENTURE	—		—		72,419		—			72,419
INVESTMENT IN SUBSIDIARIES	1,445,205		2,354,270		—		(3,799,475		)	—
INTERCOMPANY NOTES RECEIVABLE	213,863		33,831		—		(247,694		)	—
OTHER ASSETS	4,148		32,961		166,802		—			203,911
TOTAL ASSETS	$	1,916,104	$	2,449,350	$	2,804,666	$	(4,047,169	)	$	3,122,951
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	2,132	$	68,249	$	—		$	70,381
Current maturities of long-term debt	150,000		—		—		—			150,000
Accrued taxes	—		485		13,339		—			13,824
Accrued payroll and benefits	—		15,044		13,024		—			28,068
Accrued interest	3,100		3,576		1,280		—			7,956
Accrued customer incentives	—		—		10,849		—			10,849
Other current liabilities	—		2,925		15,715		—			18,640
Current liabilities for dispositions and discontinued operations	—		—		8,105		—			8,105
Total current liabilities	153,100		24,162		130,561		—			307,823
LONG-TERM DEBT	325,000		718,321		76,731		—			1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		73,590		—			73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,156		30,426		—			159,582
OTHER NON-CURRENT LIABILITIES	—		16,432		7,468		—			23,900
INTERCOMPANY PAYABLE	—		116,074		137,797		(253,871		)	—
TOTAL SHAREHOLDERS’ EQUITY	1,438,004		1,445,205		2,348,093		(3,793,298		)	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,916,104	$	2,449,350	$	2,804,666	$	(4,047,169	)	$	3,122,951

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

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Three Months Ended March 31, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	13,984		$	22,259		$	58,980		$	(5,563	)	$	89,660
INVESTING ACTIVITIES
Capital expenditures	—			(89		)	(32,575		)	—			(32,664		)
Purchase of timberlands	—			—			(1,560		)	—			(1,560		)
Jesup mill cellulose specialties expansion	—			—			(36,734		)	—			(36,734		)
Proceeds from the disposition of Wood Products business	—			—			83,741			—			83,741
Change in restricted cash	—			—			9,908			—			9,908
Investment in Subsidiaries	—			32,391			—			(32,391		)	—
Other	—			—			1,790			—			1,790
CASH PROVIDED BY INVESTING ACTIVITIES	—			32,302			24,570			(32,391		)	24,481
FINANCING ACTIVITIES
Issuance of debt	100,000			—			—			—			100,000
Repayment of debt	(150,000		)	(20,000		)	—			—			(170,000		)
Dividends paid	(57,744		)	—			—			—			(57,744		)
Proceeds from the issuance of common shares	4,091			—			—			—			4,091
Excess tax benefits on stock-based compensation	—			—			6,191			—			6,191
Repurchase of common shares	(11,241		)	—			—			—			(11,241		)
Intercompany distributions	—			(5,206		)	(32,748		)	37,954			—
CASH USED FOR FINANCING ACTIVITIES	(114,894		)	(25,206		)	(26,557		)	37,954			(128,703		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(17		)	—			(17		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(100,910		)	29,355			56,976			—			(14,579		)
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of period	$	151,978		$	52,679		$	61,360		$	—		$	266,017

	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Three Months Ended March 31, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES	$	(14,838	)	$	33,980		$	105,616		$	(13,404	)	$	111,354
INVESTING ACTIVITIES
Capital expenditures	—			(55		)	(42,024		)	—			(42,079		)
Purchase of timberlands	—			—			(8,689		)	—			(8,689		)
Jesup mill cellulose specialties expansion	—			—			(26,026		)	—			(26,026		)
Change in restricted cash	—			—			(5,609		)	—			(5,609		)
Investment in Subsidiaries	—			774			—			(774		)	—
Other	—			(69		)	8,805			—			8,736
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			650			(73,543		)	(774		)	(73,667		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			15,000			—			340,000
Repayment of debt	(120,000		)	(30,000		)	(15,000		)	—			(165,000		)
Dividends paid	(49,249		)	—			—			—			(49,249		)
Proceeds from the issuance of common shares	2,061			—			—			—			2,061
Excess tax benefits on stock-based compensation	—			—			3,946			—			3,946
Debt issuance costs	(3,565		)	—			—			—			(3,565		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Intercompany distributions	—			14,838			(29,016		)	14,178			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	146,464			(15,162		)	(25,070		)	14,178			120,410
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(125		)	—			(125		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	131,626			19,468			6,878			—			157,972
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of period	$	131,626		$	88,421		$	16,528		$	—		$	236,575