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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Rayonier Limited Partnership
Rayonier Limited Partnership
Accumulated Other Comprehensive Loss
Rayonier Limited Partnership
Noncontrolling Interests in Consolidated Affiliates
Rayonier Limited Partnership
General Partners’ Capital
Common Units
Rayonier Limited Partnership
Limited Partners’ Capital
Common Units
Common Shares
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Affiliates
Beginning balance (in shares) at Dec. 31, 2018             129,488,675      
Beginning balance at Dec. 31, 2018 $ 1,654,550           $ 884,263 $ 672,371 $ 239 $ 97,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 27,793             24,794   2,999
Dividends ($0.27 per share) (35,049)             (35,049)    
Issuance of shares under incentive stock plans (in shares)             26,031      
Issuance of shares under incentive stock plans 597           $ 597      
Stock-based compensation 1,477           $ 1,477      
Amortization of pension and postretirement plan liabilities 112 $ 112 $ 112           112  
Foreign currency translation adjustment 6,033 6,033 4,680 $ 1,353         4,680 1,353
Cash flow hedges (10,686) (10,686) (10,884) 198         (10,884) 198
Repurchase of common shares (in shares)             (1,140)      
Repurchase of common shares made under repurchase program (33)           $ (33)      
Distributions to noncontrolling interests in consolidated affiliates (3,594)                 (3,594)
Ending balance (in shares) at Mar. 31, 2019             129,513,566      
Ending balance at Mar. 31, 2019 1,641,200           $ 886,304 662,116 (5,853) 98,633
Beginning balance at Dec. 31, 2018   1,654,550 239 97,677 $ 15,566 $ 1,541,068        
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Distributions on common units ($0.27 per common unit)   (35,049)     (351) (34,698)        
Issuance of common units under incentive stock plans   597     6 591        
Stock-based compensation   1,477     15 1,462        
Repurchase of common units made under repurchase program   (33)       33        
Net income (loss)   27,793   2,999 248 24,546        
Amortization of pension and postretirement plan liabilities 112 112 112           112  
Foreign currency translation adjustment 6,033 6,033 4,680 1,353         4,680 1,353
Cash flow hedges (10,686) (10,686) (10,884) 198         (10,884) 198
Distributions to noncontrolling interests in consolidated affiliates   (3,594)   (3,594)            
Ending balance at Mar. 31, 2019   1,641,200 (5,853) 98,633 15,484 1,532,936        
Beginning balance (in shares) at Dec. 31, 2018             129,488,675      
Beginning balance at Dec. 31, 2018 1,654,550           $ 884,263 672,371 239 97,677
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income attributable to noncontrolling interest in the Operating Partnership 0                  
Amortization of pension and postretirement plan liabilities 224 224                
Foreign currency translation adjustment 429 429                
Ending balance (in shares) at Jun. 30, 2019             129,629,716      
Ending balance at Jun. 30, 2019 1,600,298           $ 884,618 645,743 (29,511) 99,448
Beginning balance at Dec. 31, 2018   1,654,550 239 97,677 15,566 1,541,068        
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) 48,713 48,713                
Amortization of pension and postretirement plan liabilities 224 224                
Foreign currency translation adjustment 429 429                
Ending balance at Jun. 30, 2019   1,600,298 (29,511) 99,448 15,304 1,515,057        
Beginning balance (in shares) at Mar. 31, 2019             129,513,566      
Beginning balance at Mar. 31, 2019 1,641,200           $ 886,304 662,116 (5,853) 98,633
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 20,920             18,752   2,168
Net income attributable to noncontrolling interest in the Operating Partnership 0                  
Dividends ($0.27 per share) (35,125)             (35,125)    
Issuance of shares under incentive stock plans (in shares)             250,344      
Issuance of shares under incentive stock plans 177           $ 177      
Stock-based compensation 2,344           $ 2,344      
Amortization of pension and postretirement plan liabilities 112 112 112           112  
Foreign currency translation adjustment (5,604) (5,604) (4,305) (1,299)         (4,305) (1,299)
Cash flow hedges (19,519) (19,519) (19,465) (54)         (19,465) (54)
Repurchase of common shares (in shares)             (134,194)      
Repurchase of common shares made under repurchase program (4,207)           $ (4,207)      
Ending balance (in shares) at Jun. 30, 2019             129,629,716      
Ending balance at Jun. 30, 2019 1,600,298           $ 884,618 645,743 (29,511) 99,448
Beginning balance at Mar. 31, 2019   1,641,200 (5,853) 98,633 15,484 1,532,936        
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Distributions on common units ($0.27 per common unit)   (35,125)     (351) (34,774)        
Issuance of common units under incentive stock plans   177     2 175        
Stock-based compensation   2,344     23 2,321        
Repurchase of common units made under repurchase program   (4,207)     (42) (4,165)        
Net income (loss) 20,920 20,920   2,168 188 18,564        
Amortization of pension and postretirement plan liabilities 112 112 112           112  
Foreign currency translation adjustment (5,604) (5,604) (4,305) (1,299)         (4,305) (1,299)
Cash flow hedges (19,519) (19,519) (19,465) (54)         (19,465) (54)
Ending balance at Jun. 30, 2019   1,600,298 (29,511) 99,448 15,304 1,515,057        
Beginning balance (in shares) at Dec. 31, 2019             129,331,069      
Beginning balance at Dec. 31, 2019 1,537,642           $ 888,177 583,006 (31,202) 97,661
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income (loss) 26,421             25,854   567
Dividends ($0.27 per share) (34,813)             (34,813)    
Issuance of shares under incentive stock plans (in shares)             2,407      
Issuance of shares under incentive stock plans 66           $ 66      
Stock-based compensation 1,510           $ 1,510      
Amortization of pension and postretirement plan liabilities 217 217 217           217  
Foreign currency translation adjustment (44,023) (44,023) (33,894) (10,129)         (33,894) (10,129)
Cash flow hedges (83,475) (83,475) (82,376) (1,099)         (82,376) (1,099)
Repurchase of common shares (in shares)             (152,237)      
Repurchase of common shares made under repurchase program (3,152)             (3,152)    
Distributions to noncontrolling interests in consolidated affiliates (725)                 (725)
Ending balance (in shares) at Mar. 31, 2020             129,181,239      
Ending balance at Mar. 31, 2020 1,399,668           $ 889,753 570,895 (147,255) 86,275
Beginning balance at Dec. 31, 2019   1,537,642 (31,202) 97,661 14,712 1,456,471        
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Distributions on common units ($0.27 per common unit)   (34,813)     (349) (34,464)        
Issuance of common units under incentive stock plans   66     1 65        
Stock-based compensation   1,510     15 1,495        
Repurchase of common units made under repurchase program   (3,152)     (32) (3,120)        
Net income (loss)   26,421   567 259 25,595        
Amortization of pension and postretirement plan liabilities 217 217 217           217  
Foreign currency translation adjustment (44,023) (44,023) (33,894) (10,129)         (33,894) (10,129)
Cash flow hedges (83,475) (83,475) (82,376) (1,099)         (82,376) (1,099)
Distributions to noncontrolling interests in consolidated affiliates   (725)   (725)            
Ending balance at Mar. 31, 2020   1,399,668 (147,255) 86,275 14,606 1,446,042        
Beginning balance (in shares) at Dec. 31, 2019             129,331,069      
Beginning balance at Dec. 31, 2019 1,537,642           $ 888,177 583,006 (31,202) 97,661
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Net income attributable to noncontrolling interest in the Operating Partnership (219)                  
Amortization of pension and postretirement plan liabilities 434 434                
Foreign currency translation adjustment (20,765) (20,765)                
Ending balance (in shares) at Jun. 30, 2020             136,512,112      
Ending balance at Jun. 30, 2020 1,913,958           $ 1,063,489 531,681 (137,929) 456,717
Beginning balance at Dec. 31, 2019   1,537,642 (31,202) 97,661 14,712 1,456,471        
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Net income (loss) 26,876 26,876                
Amortization of pension and postretirement plan liabilities 434 434                
Foreign currency translation adjustment (20,765) (20,765)                
Ending balance at Jun. 30, 2020   1,913,958 (137,472) 456,717 15,947 1,578,766        
Beginning balance (in shares) at Mar. 31, 2020             129,181,239      
Beginning balance at Mar. 31, 2020 1,399,668           $ 889,753 570,895 (147,255) 86,275
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuances of shares associated with the merger with Pope Resources (in shares)             7,181,071      
Issuances of shares associated with the merger with Pope Resources 172,418           $ 172,418      
Net income (loss) 455             1,954   (1,499)
Net income attributable to noncontrolling interest in the Operating Partnership (219)             (219)    
Dividends ($0.27 per share) [1] (36,957)             (36,957)    
Issuance of shares under incentive stock plans (in shares)             215,970      
Issuance of shares under incentive stock plans 222           $ 222      
Stock-based compensation 2,668           $ 2,668      
Amortization of pension and postretirement plan liabilities 217 217 217           217  
Foreign currency translation adjustment 23,258 23,258 17,872 5,386         17,872 5,386
Cash flow hedges (7,276) (7,276) (8,306) 1,030         (8,306) 1,030
Repurchase of common shares (in shares)             (66,168)      
Repurchase of common shares made under repurchase program (1,572)           $ (1,572)      
Adjustment of noncontrolling interest in the Operating Partnership (3,992)             (3,992)    
Acquisition of noncontrolling interests in consolidated affiliates 372,381     372,381           372,381
Allocation of other comprehensive income to noncontrolling interests in the Operating Partnership (457)               (457)  
Distributions to noncontrolling interests in consolidated affiliates (6,856)                 (6,856)
Ending balance (in shares) at Jun. 30, 2020             136,512,112      
Ending balance at Jun. 30, 2020 1,913,958           $ 1,063,489 $ 531,681 (137,929) 456,717
Beginning balance at Mar. 31, 2020   1,399,668 (147,255) 86,275 14,606 1,446,042        
Increase (Decrease) in Partners' Capital [Roll Forward]                    
Distributions on common units ($0.27 per common unit)   (38,157)     (382) (37,775)        
Issuance of common units under incentive stock plans   222     2 220        
Stock-based compensation   2,668     27 2,641        
Repurchase of common units made under repurchase program   (1,572)     (15) (1,557)        
Issuance of common units associated with the merger with Pope Resources   172,418     1,724 170,694        
Partners' Capital Account, Adjustment Of Redeemable Common Units   (3,468)     (35) (3,433)        
Net income (loss) 455 455   (1,499) 20 1,934        
Acquisition of noncontrolling interests in consolidated affiliates 372,381     372,381           372,381
Amortization of pension and postretirement plan liabilities 217 217 217           217  
Foreign currency translation adjustment 23,258 23,258 17,872 5,386         17,872 5,386
Cash flow hedges $ (7,276) (7,276) (8,306) 1,030         $ (8,306) $ 1,030
Distributions to noncontrolling interests in consolidated affiliates   (6,856)   (6,856)            
Ending balance at Jun. 30, 2020   $ 1,913,958 $ (137,472) $ 456,717 $ 15,947 $ 1,578,766        
[1] For information regarding distributions to noncontrolling interests in the Operating Partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 5 Noncontrolling Interests.