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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
OPERATING ACTIVITIES      
Net income $ 217,770 $ 43,941 $ 97,846
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation, depletion and amortization 115,142 113,708 119,980
Non-cash cost of land and real estate sold 11,690 12,509 13,264
Stock-based incentive compensation expense 5,136 4,484 7,869
Amortization of debt discount/premium (462) 604 1,092
Deferred income taxes 5,170 (1,475) 1,828
Non-cash adjustments to unrecognized tax benefit liability 0 135 (6,597)
Depreciation and amortization from discontinued operations 0 0 37,985
Amortization of losses from pension and postretirement plans 2,513 3,403 7,276
Gain on sale of Large Dispositions (143,933) 0 0
Other 336 350 3,307
Changes in operating assets and liabilities:      
Receivables 2,517 2,034 4,300
Inventories (1,175) (9,749) 3,926
Accounts payable (559) 1,863 29,929
Income tax receivable/payable (206) (894) 838
All other operating activities (10,138) 6,251 2,669
Expenditures for dispositions and discontinued operations 0 0 (5,096)
CASH PROVIDED BY OPERATING ACTIVITIES 203,801 177,164 320,416
INVESTING ACTIVITIES      
Capital expenditures (58,723) (57,293) (63,713)
Capital expenditures from discontinued operations 0 0 (60,955)
Real estate development investments (8,746) (2,676) (3,674)
Purchase of timberlands (366,481) (98,409) (130,896)
Assets purchased in business acquisition (887) 0 0
Net proceeds from Large Dispositions 203,862 0  
Proceeds from settlement of foreign currency hedge 0 2,804 0
Rayonier office building under construction (6,307) (908) 0
Change in restricted cash (48,184) (16,836) 62,256
Other 2,311 7,009 306
CASH USED FOR INVESTING ACTIVITIES (283,155) (166,309) (196,676)
FINANCING ACTIVITIES      
Issuance of debt 695,916 472,558 1,426,464
Repayment of debt (458,415) (364,402) (1,289,637)
Dividends paid (122,845) (124,936) (257,517)
Proceeds from the issuance of common shares 1,576 2,117 5,579
Proceeds from repurchase of common shares (690) (100,000) (1,858)
Debt issuance costs (818) (1,678) (12,380)
Net cash disbursed upon spin-off of Performance Fibers business 0 0 (31,420)
Other (301) (122) (680)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES 114,423 (116,463) (161,449)
EFFECT OF EXCHANGE RATE CHANGES ON CASH (937) (4,173) (377)
CASH AND CASH EQUIVALENTS      
Change in cash and cash equivalents 34,132 (109,781) (38,086)
Balance, beginning of year 51,777 161,558 199,644
Balance, end of year 85,909 51,777 161,558
Cash paid during the year:      
Interest 36,289 33,011 47,640
Income taxes 501 277 8,789
Non-cash investing activity:      
Capital assets purchased on account 4,683 3,429 2,444
Purchase of timberlands $ 0 $ 700 $ 0