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Earnings Per Common Share (Details) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 12 Months Ended 0 Months Ended 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Dec. 31, 2012
Apr. 02, 2013
Warrants on Senior Exchangeable Notes due 2012 [Member]
Mar. 31, 2013
Warrants on Senior Exchangeable Notes due 2012 [Member]
Mar. 31, 2013
Warrants on Senior Exchangeable Notes due 2015 [Member]
Earnings Per Share [Abstract]            
Income from continuing operations $ 103,258 $ 52,599        
Income from discontinued operations 44,477 838        
NET INCOME $ 147,735 $ 53,437 $ 278,685      
Shares used for determining basic earnings per share 124,479,865 122,352,435        
Dilutive Effect of:            
Stock options 533,031 719,166        
Performance and restricted shares 448,440 651,729        
Assumed conversion of Senior Exchangeable Notes 2,115,959 [1] 2,967,187 [1]        
Assumed conversion of warrants 2,859,593 [1],[2] 1,241,612 [1],[2]        
Shares used for determining diluted earnings per common share 130,436,888 127,932,129        
Basic earnings per common share:            
Continuing operations $ 0.83 $ 0.43        
Discontinued operations $ 0.36 $ 0.01        
Net Income $ 1.19 $ 0.44        
Diluted earnings per common share:            
Continuing operations $ 0.79 $ 0.41        
Discontinued operations $ 0.34 $ 0.01        
Net Income $ 1.13 $ 0.42        
Class of Warrant or Right [Line Items]            
Beginning Date for Maturity of Warrants         Jan. 15, 2013  
Ending Date for Maturity of Warrants         Mar. 27, 2013  
Shares issued on conversion of warrants       97,918 2,036,976  
Strike price of warrants           39.43
Average Stock Price $ 55.47 $ 45.07        
[1] The Senior Exchangeable Notes due 2012 (the "2012 Notes") matured in October 2012; however, no additional shares were issued due to offsetting exchangeable note hedges. Similarly, Rayonier will not issue additional shares upon maturity of the Senior Exchangeable Notes due 2015 (the "2015 Notes") due to offsetting hedges. Accounting Standards Codification 260, Earnings Per Share requires the assumed conversion of the Notes to be included in dilutive shares if the average stock price for the period exceeds the strike prices, while the assumed conversion of the hedges is excluded since they are anti-dilutive. As such, the dilutive effect of the assumed conversion of the 2012 Notes was only included for the three months ended March 31, 2012, while the effect of the 2015 Notes was included for both periods presented.The warrants sold in conjunction with the Notes due 2012 began maturing on January 15, 2013 and matured ratably through March 27, 2013. As a result, 2,036,976 shares were issued through the end of the first quarter and 97,918 shares issued in the first week of April. The dilutive impact of these warrants was calculated based on the amount of time they were outstanding before settlement during the first quarter. Rayonier will distribute additional shares upon maturity of the warrants for the Notes due 2015 if the stock price exceeds $39.43 per share. For additional information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt in the 2012 Annual Report on Form 10-K and Note 14 — Debt of this Form 10-Q.
[2] The higher shares used for the assumed conversion of the warrants were primarily due to an increase in the average stock price from $45.07 in first quarter 2012 to $55.47 in first quarter 2013.