XML 38 R15.htm IDEA: XBRL DOCUMENT v3.22.4
RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Increase (Decrease) in Partners' Capital [Roll Forward]      
Net income $ 122,791 $ 210,487 $ 29,784
Acquisition of noncontrolling interests in consolidated affiliates     333,366
Measurement period adjustment of noncontrolling interests in consolidated affiliates   9,690  
Fund II carried interest incentive fee   (3,807)  
Disposition of noncontrolling interests in consolidated affiliates   255,486  
Foreign currency translation adjustment (23,093) (22,096) 28,272
Cash flow hedges 76,039 60,315 (61,055)
Distributions to noncontrolling interests in consolidated affiliates (12,807) (115,298) (12,643)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents (27,860) (28,119) (28,403)
Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,815,578 1,862,645 1,537,642
Issuance of units associated with the merger with Pope Resources     172,418
Net income 122,791 210,487 29,784
Distributions on units (169,570) (158,249) (149,875)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs 59,350 233,033 32,574
Issuance of units under incentive stock plans 2,466 6,029 1,589
Stock-based incentive compensation 12,356 9,277 8,026
Repurchase of units (4,225) (1,617) (4,757)
Adjustment of Redeemable Operating Partnership Units 24,135 (44,378) (23,864)
Acquisition of noncontrolling interests in consolidated affiliates     333,366
Conversion of units to common shares 3,925 40,676 496
Measurement period adjustment of noncontrolling interests in consolidated affiliates   9,690  
Fund II carried interest incentive fee   (3,807)  
Disposition of noncontrolling interests in consolidated affiliates   (255,486)  
Actuarial change and amortization of pension and postretirement plan liabilities 1,627 12,476 (925)
Foreign currency translation adjustment (23,093) (22,096) 28,272
Cash flow hedges 76,039 60,315 (61,055)
Distributions to noncontrolling interests in consolidated affiliates (12,807) (115,298) (12,643)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents (27,860) (28,119) (28,403)
Ending balance 1,880,712 1,815,578 1,862,645
Rayonier Limited Partnership | Accumulated Other Comprehensive Income (Loss)      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance (15,463) (71,345) (31,202)
Actuarial change and amortization of pension and postretirement plan liabilities 1,627 12,476 (925)
Foreign currency translation adjustment (22,282) (18,487) 22,928
Cash flow hedges 76,367 61,893 (62,146)
Ending balance 40,249 (15,463) (71,345)
Rayonier Limited Partnership | Noncontrolling Interests in Consolidated Affiliates      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 43,802 388,588 97,661
Net income 13,321 53,421 (7,828)
Acquisition of noncontrolling interests in consolidated affiliates     333,366
Measurement period adjustment of noncontrolling interests in consolidated affiliates   9,690  
Fund II carried interest incentive fee   (3,807)  
Disposition of noncontrolling interests in consolidated affiliates   (255,486)  
Foreign currency translation adjustment (811) (3,609) 5,344
Cash flow hedges (328) (1,578) 1,091
Distributions to noncontrolling interests in consolidated affiliates (12,807) (115,298) (12,643)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents (27,860) (28,119) (28,403)
Ending balance 15,317 43,802 388,588
Rayonier Limited Partnership | General Partners’ Capital | Units      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 17,872 15,454 14,712
Issuance of units associated with the merger with Pope Resources     1,724
Net income 1,095 1,571 376
Distributions on units (1,696) (1,583) (1,500)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs 593 2,330 326
Issuance of units under incentive stock plans 25 60 16
Stock-based incentive compensation 124 93 81
Repurchase of units (42) (16) (47)
Adjustment of Redeemable Operating Partnership Units 241 (444) (239)
Conversion of units to common shares 39 407 5
Ending balance 18,251 17,872 15,454
Rayonier Limited Partnership | Limited Partners’ Capital | Units      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,769,367 1,529,948 1,456,471
Issuance of units associated with the merger with Pope Resources     170,694
Net income 108,375 155,495 37,236
Distributions on units (167,874) (156,666) (148,375)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs 58,757 230,703 32,248
Issuance of units under incentive stock plans 2,441 5,969 1,573
Stock-based incentive compensation 12,232 9,184 7,945
Repurchase of units (4,183) (1,601) (4,710)
Adjustment of Redeemable Operating Partnership Units 23,894 (43,934) (23,625)
Conversion of units to common shares 3,886 40,269 491
Ending balance $ 1,806,895 $ 1,769,367 $ 1,529,948