Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2014

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

RAYONIER INC. AND SUBSIDIARIES

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2014, 2013, and 2012

(In Thousands)

Description	Balance at Beginning of Year	Additions Charged to Cost and Expenses		Deductions		Balance at End of Year
Allowance for doubtful accounts:
Year ended December 31, 2014	$673	$134		$(765)	(a)	$42
Year ended December 31, 2013	417	855	(b)	(599)	(c)	673
Year ended December 31, 2012	399	67		(49)	(c)	417
Deferred tax asset valuation allowance:
Year ended December 31, 2014	$33,889	$13,289	(d)	$(33,534)	(e)	$13,644
Year ended December 31, 2013	19,294	14,595	(f)	—		33,889
Year ended December 31, 2012	18,811	572	(g)	(89)	(h)	19,294

(a) The 2014 decrease is largely related to the spin-off of the Performance Fibers business.

(b) The 2013 increase is primarily related to the consolidation of the New Zealand JV.

(c) The deductions are primarily payments and adjustments to required reserves.

(d) The 2014 increase is primarily related to the Company’s limited potential use of the CBPC prior to its expiration in 2017.

(e) The decrease is primarily related to deferred tax assets contributed to Rayonier Advanced Materials in the spin-off. The decrease also reflects the utilization and expiration of RNZ NOL carryforwards, of which $355 thousand was recorded as income tax expense.

(f) The 2013 increase is primarily Georgia investment tax credits earned on the CSE project.

(g) The 2012 increase is primarily attributable to state NOLs and Georgia investment tax credits and training credits.

(h) The 2012 decrease relates to RNZ NOL carryforwards.