XML 95 R81.htm IDEA: XBRL DOCUMENT v3.21.2
EARNINGS (LOSS) PER SHARE AND PER UNIT - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2021
Sep. 30, 2020
Numerator:                
Net Income (Loss) $ 110,512     $ (9,498)     $ 188,963 $ 17,378
Less: Net (income) loss attributable to noncontrolling interests in the Operating Partnership (2,210) $ (1,753) $ (341) 25 $ (219)   (4,303) (195)
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (32,471)     8,715     (40,775) 9,647
Net income (loss) attributable to Rayonier Inc. $ 75,831     $ (758)     $ 143,885 $ 26,830
Denominator:                
Denominator for basic earnings (loss) per common share - weighted average shares (in shares) 141,777,574     136,351,271     139,749,358 132,948,124
Basic earnings per common share attributable to Rayonier Inc (in dollars per share) $ 0.53     $ (0.01)     $ 1.03 $ 0.20
Numerator:                
Net Income (Loss) $ 110,512     $ (9,498)     $ 188,963 $ 17,378
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates 32,471     (8,715)     40,775 (9,647)
Less: Net loss attributable to noncontrolling interests in the Operating Partnership 0     25     0 0
Net income (loss) attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the Operating Partnership 78,041     (758)     148,188 27,025
Net income (loss) attributable to Rayonier Inc. $ 75,831     $ (758)     $ 143,885 $ 26,830
Denominator:                
Denominator for basic earnings (loss) per common share - weighted average shares (in shares) 141,777,574     136,351,271     139,749,358 132,948,124
Add: Dilutive effect of:                
Stock options (in shares/units) 9,803     0     8,833 492
Performance shares, restricted shares and restricted stock units (in shares/units) 520,737     0     361,596 159,018
Noncontrolling interest in common units (in shares) 4,131,454     0     4,245,323 2,352,822
Denominator for diluted (loss) earnings per common share - adjusted weighted average shares (in shares/units) 146,439,568     136,351,271     144,365,110 135,460,456
Diluted earnings (loss) per common share attributable to Rayonier Inc. (in dollars per share) $ 0.53     $ (0.01)     $ 1.03 $ 0.20
Rayonier Limited Partnership                
Numerator:                
Net Income (Loss) $ 110,512 63,420 15,032 $ (9,498) 455 $ 26,421 $ 188,963 $ 17,378
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (32,471)     8,715     (40,775) 9,647
Net income (loss) attributable to Rayonier Inc. $ 78,041     $ (783)     $ 148,188 $ 27,025
Denominator:                
Denominator for basic earnings per unit - weighted average units (in units) 145,909,028     140,797,217     143,994,681 135,300,946
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.53     $ (0.01)     $ 1.03 $ 0.20
Numerator:                
Net Income (Loss) $ 110,512 $ 63,420 $ 15,032 $ (9,498) $ 455 $ 26,421 $ 188,963 $ 17,378
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates 32,471     (8,715)     40,775 (9,647)
Net income (loss) attributable to Rayonier Inc. $ 78,041     $ (783)     $ 148,188 $ 27,025
Denominator:                
Denominator for basic earnings per unit - weighted average units (in units) 145,909,028     140,797,217     143,994,681 135,300,946
Add: Dilutive effect of:                
Stock options (in shares/units) 9,803     0     8,833 492
Performance shares, restricted shares and restricted stock units (in shares/units) 520,737     0     361,596 159,018
Denominator for diluted (loss) earnings per common share - adjusted weighted average shares (in shares/units) 146,439,568     140,797,217     144,365,110 135,460,456
Diluted earnings (loss) per unit attributable to Rayonier, L.P. (in dollars per unit) $ 0.53     $ (0.01)     $ 1.03 $ 0.20