INVENTORY

3 Months Ended

Mar. 31, 2020

Inventory Disclosure [Abstract]

INVENTORY

INVENTORY

        As of March 31, 2020 and December 31, 2019, Rayonier’s inventory consisted entirely of finished goods, as follows:

	March 31, 2020	December 31, 2019
Finished goods inventory
Real estate inventory (a)	$7,083	$12,663
Log inventory	6,010	1,855
Total inventory	$13,093	$14,518

(a) Represents the cost of HBU real estate (including capitalized development investments) under contract to be sold.

        See Note 7 — Higher And Better Use Timberlands and Real Estate Development Investments for additional information.