CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
CURRENT ASSETS
Cash and cash equivalents	$ 68,735	$ 148,374
Accounts receivable, less allowance for doubtful accounts of $24 and $8	27,127	26,151
Inventory (Note 19)	14,518	15,703
Prepaid logging roads	12,128	11,976
Prepaid expenses	2,600	5,040
Other current assets	867	609
Total current assets	125,975	207,853
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,482,047	2,401,327
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 7)	81,791	85,609
PROPERTY, PLANT AND EQUIPMENT
Land	4,131	4,131
Buildings	23,095	22,503
Machinery and equipment	4,339	3,534
Construction in progress	348	567
Total property, plant and equipment, gross	31,913	30,735
Less—accumulated depreciation	(9,662)	(7,984)
Total property, plant and equipment, net	22,251	22,751
RESTRICTED CASH (NOTE 20)	1,233	8,080
RIGHT-OF-USE ASSETS (NOTE 4)	99,942	0
OTHER ASSETS (NOTE 21)	47,757	55,046
TOTAL ASSETS	2,860,996	2,780,666
CURRENT LIABILITIES
Accounts payable	18,160	18,019
Current maturities of long-term debt (Note 6)	82,000	0
Accrued taxes	3,032	3,178
Accrued payroll and benefits	8,869	10,416
Accrued interest	5,205	5,007
Deferred revenue	11,440	10,447
Other current liabilities	22,480	16,474
Total current liabilities	151,186	63,541
Long-term debt, net of deferred financing costs	973,129	972,567
PENSION AND OTHER POSTRETIREMENT BENEFITS (NOTE 16)	25,311	29,800
LONG-TERM LEASE LIABILITY (NOTE 4)	90,481	0
OTHER NON-CURRENT LIABILITIES	83,247	60,208
COMMITMENTS AND CONTINGENCIES (NOTES 9 and 11)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 129,331,069 and 129,488,675 shares issued and outstanding	888,177	884,263
Retained earnings	583,006	672,371
Accumulated other comprehensive (loss) income (Note 22)	(31,202)	239
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,439,981	1,556,873
Noncontrolling interest	97,661	97,677
TOTAL SHAREHOLDERS’ EQUITY	1,537,642	1,654,550
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,860,996	$ 2,780,666