INVENTORY

3 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Inventory

INVENTORY

As of March 31, 2017 and December 31, 2016, Rayonier’s inventory was solely comprised of finished goods, as follows:

	March 31, 2017		December 31, 2016
Finished goods inventory
Real estate inventory (a)		$19,332		$17,059
Log inventory	7,823		4,320
Total inventory		$27,155		$21,379

(a) Represents cost of HBU real estate (including capitalized development investments) expected to be sold within 12

months. See Note 5 — Higher And Better Use Timberlands And Real Estate Development Investments for additional information.