Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations

Funded Status at End of Year:
Net accrued benefit cost	$(31,809)	$(71,733)	$(1,226)	$(21,999)

The following tables set forth the change in the projected benefit obligation and plan assets and reconcile the funded status and the amounts recognized in the Consolidated Balance Sheets for the pension and postretirement benefit plans for the two years ended December 31:

	Pension		Postretirement
	2014	2013	2014	2013
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$413,638	$454,470	$21,999	$27,582
Service cost	3,923	8,452	402	1,056
Interest cost	10,707	16,682	537	937
Settlement loss	—	137	—	—
Actuarial loss (gain)	43,093	(44,786)	2,250	(3,206)
Plan amendments	—	—	—	(3,372)
Employee contributions	—	—	484	980
Benefits paid	(11,288)	(21,317)	(888)	(1,978)
Transferred to Rayonier Advanced Materials	(372,718)	—	(23,558)	—
Projected benefit obligation at end of year	$87,355	$413,638	$1,226	$21,999

Schedule of Changes in Fair Value of Plan Assets

Change in Plan Assets
Fair value of plan assets at beginning of year	$341,905	$320,699	—	—
Actual return on plan assets	21,399	42,285	—	—
Employer contributions	1,103	1,699	404	998
Employee contributions	—	—	484	980
Benefits paid	(11,288)	(21,317)	(888)	(1,978)
Other expense	(607)	(1,461)	—	—
Transferred to Rayonier Advanced Materials	(296,966)	—	—	—
Fair value of plan assets at end of year	$55,546	$341,905	—	—

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]

Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Noncurrent assets	—	$3,583	—	—
Current liabilities	(15)	(1,776)	(25)	(1,071)
Noncurrent liabilities	(31,794)	(73,540)	(1,201)	(20,928)
Net amount recognized	$(31,809)	$(71,733)	$(1,226)	$(21,999)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

Net gains or losses, prior service costs or credits and plan amendment gains recognized in other comprehensive income for the three years ended December 31 are as follows:

	Pension			Postretirement
	2014	2013	2012	2014	2013	2012
Net gains (losses)	$37,559	$60,171	$(17,630)	$(2,250)	$3,206	$(2,021)
Prior service cost	—	—	—	—	—	—
Negative plan amendment	—	—	—	—	3,372	—

Net gains or losses and prior service costs or credits reclassified from other comprehensive income and recognized as a component of pension and postretirement expense for the three years ended December 31 are as follows:

	Pension			Postretirement
	2014	2013	2012	2014	2013	2012
Amortization of losses	$6,542	$20,914	$17,578	$288	$675	$582
Amortization of prior service cost	576	1,356	1,308	8	66	80
Amortization of negative plan amendment	—	—	—	(137)	(105)	(55)

Schedule of Net Periodic Benefit Cost Not yet Recognized

Net losses and prior service costs or credits that have not yet been included in pension and postretirement expense for the two years ended December 31, which have been recognized as a component of AOCI are as follows:

	Pension		Postretirement
	2014	2013	2014	2013
Prior service cost	$(13)	$(5,707)	—	$(49)
Net losses	(30,965)	(110,728)	(90)	(8,057)
Negative plan amendment	—	—	—	3,574
Deferred income tax benefit	2,425	36,685	(22)	1,571
AOCI	$(28,553)	$(79,750)	$(112)	$(2,961)

Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Fair Value

For pension and postretirement plans with accumulated benefit obligations in excess of plan assets, the following table sets forth the projected and accumulated benefit obligations and the fair value of plan assets for the two years ended December 31:

	2014	2013
Projected benefit obligation	$87,355	$388,163
Accumulated benefit obligation	81,141	350,605
Fair value of plan assets	55,546	290,848

Schedule of Net Benefit Costs

The following tables set forth the components of net pension and postretirement benefit cost that have been recognized during the three years ended December 31:

	Pension			Postretirement
	2014	2013	2012	2014	2013	2012
Components of Net Periodic Benefit Cost
Service cost	$3,923	$8,452	$8,407	$402	$1,056	$918
Interest cost	10,707	16,682	17,284	537	937	956
Expected return on plan assets	(15,258)	(25,302)	(25,477)	—	—	—
Amortization of prior service cost	576	1,296	1,308	8	66	80
Amortization of losses	6,542	20,097	17,578	288	675	582
Amortization of negative plan amendment	—	—	—	(137)	(105)	(55)
Curtailment expense	—	60	—	—	—	—
Settlement expense	—	817	—	—	—	—
Net periodic benefit cost (a)	$6,490	$22,102	$19,100	$1,098	$2,629	$2,481

(a) Net periodic benefit cost for the years ended December 31, 2014, 2013 and 2012 included $4.0 million, $14.9 million, and $12.8 million, respectively, recorded in “Income from discontinued operations, net” on the Consolidated Statements of Income and Comprehensive Income.

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2015 are as follows:

	Pension	Postretirement
Amortization of loss	$3,420	—
Amortization of prior service cost	13	—
Total amortization of AOCI loss	$3,433	—

Schedule of Assumptions Used

The following table sets forth the principal assumptions inherent in the determination of benefit obligations and net periodic benefit cost of the pension and postretirement benefit plans as of December 31:

	Pension						Postretirement
	2014		2013		2012		2014		2013		2012
Assumptions used to determine benefit obligations at December 31:
Discount rate	3.80	%	4.60	%	3.70	%	3.96	%	4.60	%	3.60	%
Rate of compensation increase	4.50	%	4.60	%	4.60	%	4.50	%	4.50	%	4.50	%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate (pre-spin off)	4.60	%	3.70	%	4.20	%	4.60	%	3.60	%	4.10	%
Discount rate (post-spin off)	4.04	%	—		—		4.00	%	—		—
Expected long-term return on plan assets	8.50	%	8.50	%	8.50	%	—		—		—
Rate of compensation increase	4.50	%	4.60	%	4.50	%	4.50	%	4.50	%	4.50	%

Schedule of Effect of 0.5% Change in Discount Rate and Long-term Return on Assets

The sensitivity of pension expense and projected benefit obligation to changes in economic assumptions is highlighted below:

	(unaudited)
	Impact on:
Change in Assumption	Pension Expense	Projected Benefit Obligation
0.5% decrease in discount rate	+ 0.4 million	+ 7.5 million
0.5% increase in discount rate	- 0.4 million	- 6.6 million
0.5% decrease in long-term return on assets	+ 0.1 million
0.5% increase in long-term return on assets	- 0.1 million

Schedule of Health Care Cost Trend Rates

The following table sets forth the assumed health care cost trend rates at December 31:

	Postretirement
	2014	2013
Health care cost trend rate assumed for next year (a)	N/A	7.00	%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate) (a)	N/A	5.00	%
Year that the rate reaches the ultimate trend rate (a)	N/A	2017

(a) The entire postretirement medical plan was contributed to Rayonier Advanced Materials as a result of the spin-off of the Performance Fibers business.

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates

The following table shows the effect of a one percentage point change in assumed health care cost trends as of December 31, 2013:

	1 Percent
Effect on:	Increase	Decrease
Total of service and interest cost components (a)	$253	$(208)
Accumulated postretirement benefit obligation (a)	1,389	(1,183)

(a) The entire postretirement medical plan was contributed to Rayonier Advanced Materials as a result of the spin-off of the Performance Fibers business.

Schedule of Allocation of Plan Assets

The following table sets forth by level, within the fair value hierarchy (see Note 2 — Summary of Significant Accounting Policiesfor definition), the assets of the plans as of December 31, 2014 and 2013.

	Fair Value at December 31, 2014			Fair Value at December 31, 2013
Asset Category	Level 1	Level 2	Total	Level 1	Level 2	Total
Domestic equity securities	$4,557	$18,326	$22,883	$29,293	$110,401	$139,694
International equity securities	6,277	6,488	12,765	55,692	31,347	87,039
Domestic fixed income securities	—	14,643	14,643	—	85,222	85,222
International fixed income securities	2,428	—	2,428	15,134	—	15,134
Real estate fund	1,887	—	1,887	9,678	—	9,678
Short-term investments	—	940	940	879	4,259	5,138
Total	$15,149	$40,397	$55,546	$110,676	$231,229	$341,905

The Company’s pension plans’ asset allocation (excluding short-term investments) at December 31, 2014 and 2013, and target allocation ranges by asset category are as follows:

	Percentage of Plan Assets				Target Allocation Range
Asset Category	2014		2013
Domestic equity securities	42	%	42	%	35-45%
International equity securities	23	%	26	%	20-30%
Domestic fixed income securities	27	%	25	%	25-29%
International fixed income securities	4	%	4	%	3-7%
Real estate fund	4	%	3	%	2-4%
Total	100	%	100	%

Schedule of Expected Benefit Payments

Expected benefit payments for the next 10 years are as follows:

	Pension Benefits	Postretirement Benefits
2015	$2,729	$25
2016	2,866	27
2017	3,041	28
2018	3,231	30
2019	3,450	33
2020 - 2024	20,807	201