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QUARTERLY RESULTS FOR 2019 and 2018 (UNAUDITED)
 12 Months Ended
Dec. 31, 2019
Quarterly Financial Information Disclosure [Abstract]  
QUARTERLY RESULTS FOR 2019 and 2018 (UNAUDITED)
QUARTERLY RESULTS FOR 2019 and 2018 (UNAUDITED)
 
Quarter Ended
 
Total Year
(thousands of dollars, except per share amounts)
Mar. 31
 
June 30
 
Sept. 30
 
Dec. 31
 
2019
 
 
 
 
 
 
 
 
 
Sales

$191,546

 

$184,800

 

$156,417

 

$178,793

 

$711,556

Cost of sales
(143,251
)
 
(140,454
)
 
(134,463
)
 
(140,182
)
 
(558,350
)
Net Income
27,793

 
20,920

 
1,528

 
17,437

 
67,678

Net Income attributable to Rayonier Inc.
24,794


18,752

 
(433
)
 
15,992

 
59,105

Basic EPS attributable to Rayonier Inc.

$0.19

 

$0.14

 
—

 

$0.12

 

$0.46

Diluted EPS attributable to Rayonier Inc.

$0.19

 

$0.14

 
—

 

$0.12

 

$0.46

 
 
 
 
 
 
 
 
 
 
2018
 
 
 
 
 
 
 
 
 
Sales

$203,196

 

$245,906

 

$200,890

 

$166,146

 

$816,138

Cost of sales
(138,488
)
 
(184,418
)
 
(143,261
)
 
(139,092
)
 
(605,259
)
Net Income
42,706

 
39,338

 
30,639

 
4,647

 
117,330

Net Income attributable to Rayonier Inc.
40,539

 
36,258

 
23,432

 
1,987

 
102,216

Basic EPS attributable to Rayonier Inc.

$0.31

 

$0.28

 

$0.18

 

$0.02

 

$0.79

Diluted EPS attributable to Rayonier Inc.

$0.31

 

$0.28

 

$0.18

 

$0.02

 

$0.79