SHAREHOLDERS'S EQUITY

9 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

SHAREHOLDERS'S EQUITY

SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for the nine months ended September 30, 2013 and the year ended December 31, 2012 is shown below (share amounts not in thousands):

	Rayonier Inc. Shareholders
	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Total Shareholders’ Equity
	Shares		Amount
Balance, December 31, 2011	122,035,177		$	630,286		$	806,235		$	(113,448	)	$	—		$	1,323,073
Net income	—		—			278,685			—			—			278,685
Dividends ($1.68 per share)	—		—			(208,286		)	—			—			(208,286		)
Issuance of shares under incentive stock plans	1,467,024		25,495			—			—			—			25,495
Stock-based compensation	—		15,116			—			—			—			15,116
Excess tax benefit on stock-based compensation	—		7,635			—			—			—			7,635
Repurchase of common shares	(169,757	)	(7,783		)	—			—			—			(7,783		)
Net loss from pension and postretirement plans	—		—			—			(496		)	—			(496		)
Foreign currency translation adjustment	—		—			—			4,352			—			4,352
Joint venture cash flow hedges	—		—			—			213			—			213
Balance, December 31, 2012	123,332,444		$	670,749		$	876,634		$	(109,379	)	$	—		$	1,438,004
Acquisition of noncontrolling interest	—		—			—			—			96,335			96,335
Net income	—		—			292,244			—			1,749			293,993
Dividends ($1.37 per share)	—		—			(173,629		)	—			—			(173,629		)
Issuance of shares under incentive stock plans	967,566		9,205			—			—			—			9,205
Stock-based compensation	—		9,020			—			—			—			9,020
Excess tax benefit on stock-based compensation	—		8,189			—			—			—			8,189
Repurchase of common shares	(210,810	)	(11,303		)	—			—			—			(11,303		)
Equity portion of convertible debt (Note 16)	—		1,497			—			—			—			1,497
Settlement of warrants (Note 16)	2,135,221		—			—			—			—			—
Amortization of pension and postretirement plans	—		—			—			12,326			—			12,326
Foreign currency translation adjustment	—		—			—			237			(3,204		)	(2,967		)
Joint venture cash flow hedges	—		—			—			3,663			546			4,209
Balance, September 30, 2013	126,224,421		$	687,357		$	995,249		$	(93,153	)	$	95,426		$	1,684,879