XML 21 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Rayonier Limited Partnership
Accumulated Other Comprehensive Income (Loss)
Rayonier Limited Partnership
Noncontrolling Interests in Consolidated Affiliates
Rayonier Limited Partnership
Common Shares
Retained Earnings
Accumulated Other Comprehensive Income (Loss)
Noncontrolling Interests in Consolidated Affiliates
Beginning balance (in shares) at Dec. 31, 2020         137,678,822      
Beginning balance at Dec. 31, 2020 $ 1,862,645       $ 1,101,675 $ 446,267 $ (73,885) $ 388,588
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 15,032         11,189   3,843
Net income attributable to noncontrolling interests in the operating partnership (341)         (341)    
Dividends ($0.27 per share) (a) [1] (37,532)         (37,532)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs (in shares)         1,107,814      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $339 36,708       $ 36,708      
Issuance of shares under incentive stock plans (in shares)         39,140      
Issuance of shares under incentive stock plans 1,166       $ 1,166      
Stock-based compensation 2,156       $ 2,156      
Repurchase of common shares (in shares)         (5,020)      
Repurchase of common shares (155)       $ (155)      
Measurement period adjustment of noncontrolling interests in consolidated affiliates 655 $ 655   $ 655       655
Adjustment of noncontrolling interests in the Operating Partnership (11,867)         (11,867)    
Conversion of units to common shares (in shares)         150,134      
Conversion of units into common shares 4,715       $ 4,715      
Amortization of pension and postretirement plan liabilities 294 294 $ 294       294  
Foreign currency translation adjustment (14,288) (14,288) (11,652) (2,636)     (11,652) (2,636)
Cash flow hedges 61,001 61,001 61,628 (627)     61,628 (627)
Allocation of other comprehensive income to noncontrolling interests in the Operating Partnership (1,531)           (1,531)  
Distributions to noncontrolling interests in consolidated affiliates (8,737) (8,737)   (8,737)       (8,737)
Ending balance (in shares) at Mar. 31, 2021         138,970,890      
Ending balance at Mar. 31, 2021 1,909,921       $ 1,146,265 407,716 (25,146) 381,086
Beginning balance (in shares) at Dec. 31, 2021         145,372,961      
Beginning balance at Dec. 31, 2021 1,815,578       $ 1,389,073 402,307 (19,604) 43,802
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net income 30,998         29,986   1,012
Net income attributable to noncontrolling interests in the operating partnership (669)         (669)    
Dividends ($0.27 per share) (a) [2] (39,902)         (39,902)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs (in shares)         726,248      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $339 29,771       $ 29,771      
Issuance of shares under incentive stock plans (in shares)         11,364      
Issuance of shares under incentive stock plans 415       $ 415      
Stock-based compensation 2,797       $ 2,797      
Repurchase of common shares (in shares)         (5,420)      
Repurchase of common shares (214)       $ (214)      
Adjustment of noncontrolling interests in the Operating Partnership (2,645)         (2,645)    
Conversion of units to common shares (in shares)         2,535      
Conversion of units into common shares 104       $ 104      
Amortization of pension and postretirement plan liabilities 188 188 188       188  
Foreign currency translation adjustment 6,458 6,458 5,668 790     5,668 790
Cash flow hedges 40,427 40,427 $ 39,822 605     39,822 605
Allocation of other comprehensive income to noncontrolling interests in the Operating Partnership (101)           (101)  
Distributions to noncontrolling interests in consolidated affiliates (1,566) $ (1,566)   $ (1,566)       (1,566)
Ending balance (in shares) at Mar. 31, 2022         146,107,688      
Ending balance at Mar. 31, 2022 $ 1,881,639       $ 1,421,946 $ 389,077 $ 25,973 $ 44,643
[1] For information regarding distributions to noncontrolling interests in the operating partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 4 — Noncontrolling Interests.
[2] For information regarding distributions to noncontrolling interests in the operating partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 4 — Noncontrolling Interests.