EARNINGS PER SHARE AND PER UNIT (Tables)

3 Months Ended

Mar. 31, 2022

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following table provides details of the calculations of basic and diluted earnings per common share of the Company:

	Three Months Ended March 31,
	2022	2021
Earnings per common share - basic
Numerator:
Net Income	$30,998	$15,032
Less: Net income attributable to noncontrolling interests in the operating partnership	(669)	(341)
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(1,012)	(3,843)
Net income attributable to Rayonier Inc.	$29,317	$10,848
Denominator:
Denominator for basic earnings per common share - weighted average shares	145,430,171	137,870,821
Basic earnings per common share attributable to Rayonier Inc.:	$0.20	$0.08
Earnings per common share - diluted
Numerator:
Net Income	$30,998	$15,032
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(1,012)	(3,843)
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership	$29,986	$11,189
Denominator:
Denominator for basic earnings per common share - weighted average shares	145,430,171	137,870,821
Add: Dilutive effect of:
Stock options	7,229	4,051
Performance shares, restricted shares and restricted stock units	794,892	353,131
Noncontrolling interests in operating partnership units	3,314,784	4,330,794
Denominator for diluted earnings per common share - adjusted weighted average shares	149,547,076	142,558,797
Diluted earnings per common share attributable to Rayonier Inc.:	$0.20	$0.08

The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership:

	Three Months Ended March 31,
	2022	2021
Earnings per unit - basic
Numerator:
Net Income	$30,998	$15,032
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(1,012)	(3,843)
Net income available to unitholders	$29,986	$11,189
Denominator:
Denominator for basic earnings per unit - weighted average units	148,744,955	142,201,615
Basic earnings per unit attributable to Rayonier, L.P.:	$0.20	$0.08
Earnings per unit - diluted
Numerator:
Net Income	$30,998	$15,032
Less: Net income attributable to noncontrolling interests in consolidated affiliates	(1,012)	(3,843)
Net income available to unitholders	$29,986	$11,189
Denominator:
Denominator for basic earnings per unit - weighted average units	148,744,955	142,201,615
Add: Dilutive effect of unit equivalents:
Stock options	7,229	4,051
Performance shares, restricted shares and restricted stock units	794,892	353,131
Denominator for diluted earnings per unit - adjusted weighted average units	149,547,076	142,558,797
Diluted earnings per unit attributable to Rayonier, L.P.:	$0.20	$0.08

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

	Three Months Ended March 31,
	2022	2021
Anti-dilutive shares excluded from the computations of diluted earnings per common share:
Stock options, performance shares, restricted shares and restricted stock units	254	194,256
Total	254	194,256

	Three Months Ended March 31,
	2022	2021
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit:
Stock options, performance shares, restricted shares and restricted stock units	254	194,256
Total	254	194,256