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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2013
Dec. 31, 2012
CURRENT ASSETS    
Cash and cash equivalents $ 260,738 $ 280,596
Accounts receivable, less allowance for doubtful accounts of $595 and $417 124,360 100,359
Inventory    
Finished goods 115,635 103,568
Work in progress 3,304 4,446
Raw materials 12,823 17,602
Manufacturing and maintenance supplies 2,223 2,350
Total inventory 133,985 127,966
Deferred tax assets 62,914 15,845
Prepaid and other current assets 59,184 41,508
Total current assets 641,181 566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION 2,103,503 1,573,309
PROPERTY, PLANT AND EQUIPMENT    
Land 23,168 27,383
Buildings 184,933 147,445
Machinery and equipment 1,761,590 1,444,012
Construction in progress 17,157 268,459
Total property, plant and equipment, gross 1,986,848 1,887,299
Less — accumulated depreciation (1,118,416) (1,180,261)
Total property, plant and equipment, net 868,432 707,038
INVESTMENT IN JOINT VENTURE (Note 6) 0 72,419
OTHER ASSETS 205,004 203,911
TOTAL ASSETS 3,818,120 3,122,951
CURRENT LIABILITIES    
Accounts payable 98,970 70,381
Current maturities of long-term debt 10,000 150,000
Accrued taxes 20,146 13,824
Accrued payroll and benefits 26,484 28,068
Accrued interest 13,854 7,956
Accrued customer incentives 10,771 10,849
Other current liabilities 51,191 18,640
Current liabilities for dispositions and discontinued operations (Note 13) 8,446 8,105
Total current liabilities 239,862 307,823
LONG-TERM DEBT 1,646,337 1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 13) 67,125 73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15) 158,663 159,582
OTHER NON-CURRENT LIABILITIES 21,254 23,900
COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 14)      
SHAREHOLDERS’ EQUITY    
Common Shares, 480,000,000 shares authorized, 126,224,421 and 123,332,444 shares issued and outstanding 687,357 670,749
Retained earnings 995,249 876,634
Accumulated other comprehensive loss (93,153) (109,379)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY 1,589,453 1,438,004
Noncontrolling interest 95,426 0
TOTAL SHAREHOLDERS’ EQUITY 1,684,879 1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,818,120 $ 3,122,951