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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
SALES $ 191,447 $ 259,130
Costs and Expenses    
Cost of sales (151,378) (209,499)
Selling and general expenses (14,032) (9,968)
Other operating income (expense), net 2,448 (1,111)
Costs and expenses (162,962) (220,578)
OPERATING INCOME 28,485 38,552
Interest expense (10,028) (8,216)
Interest and other miscellaneous expense, net (4) (209)
INCOME BEFORE INCOME TAXES 18,453 30,127
Income tax expense (3,421) (3,706)
NET INCOME 15,032 26,421
Less: Net income attributable to noncontrolling interests in the Operating Partnership (341) 0
Less: Net income attributable to noncontrolling interests in consolidated affiliates (3,843) (567)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC / RAYONIER, L.P. UNITHOLDERS 10,848 25,854
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustment, net of income tax effect of $0, and $0 (14,288) (44,023)
Cash flow hedges, net of income tax effect of $1,059 and $1,857 61,001 (83,475)
Amortization of pension and postretirement plans, net of income tax expense of $0 and $0 294 217
Total other comprehensive income (loss) 47,007 (127,281)
COMPREHENSIVE INCOME (LOSS) 62,039 (100,860)
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership (1,872) 0
Less: Comprehensive (income) loss attributable to noncontrolling interests in consolidated affiliates (580) 10,661
Comprehensive INCOME (LOSS) ATTRIBUTABLE TO RAYONIER INC / COMMON UNITHLDERS $ 59,587 $ (90,199)
EARNINGS PER COMMON SHARE    
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.08 $ 0.20
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.08 $ 0.20
Rayonier Limited Partnership    
SALES $ 191,447 $ 259,130
Costs and Expenses    
Cost of sales (151,378) (209,499)
Selling and general expenses (14,032) (9,968)
Other operating income (expense), net 2,448 (1,111)
Costs and expenses (162,962) (220,578)
OPERATING INCOME 28,485 38,552
Interest expense (10,028) (8,216)
Interest and other miscellaneous expense, net (4) (209)
INCOME BEFORE INCOME TAXES 18,453 30,127
Income tax expense (3,421) (3,706)
NET INCOME 15,032 26,421
Less: Net income attributable to noncontrolling interests in consolidated affiliates (3,843) (567)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC / RAYONIER, L.P. UNITHOLDERS 11,189 25,854
OTHER COMPREHENSIVE INCOME (LOSS)    
Foreign currency translation adjustment, net of income tax effect of $0, and $0 (14,288) (44,023)
Cash flow hedges, net of income tax effect of $1,059 and $1,857 61,001 (83,475)
Amortization of pension and postretirement plans, net of income tax expense of $0 and $0 294 217
Total other comprehensive income (loss) 47,007 (127,281)
COMPREHENSIVE INCOME (LOSS) 62,039 (100,860)
Less: Comprehensive (income) loss attributable to noncontrolling interests in consolidated affiliates (580) 10,661
Comprehensive INCOME (LOSS) ATTRIBUTABLE TO RAYONIER INC / COMMON UNITHLDERS $ 61,459 $ (90,199)
EARNINGS PER UNIT    
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.08 $ 0.20
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.08 $ 0.20