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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Statement of Comprehensive Income [Abstract]      
SALES (NOTE 3) $ 909,072 $ 1,109,597 $ 859,154
Costs and Expenses      
Cost of sales (688,284) (796,115) (712,436)
Selling and general expenses (64,670) (57,791) (50,645)
Other operating income (expense), net (Note 17) 9,704 14,084 (21,685)
Costs and Expenses (743,250) (839,822) (784,766)
OPERATING INCOME 165,822 269,775 74,388
Interest expense (36,207) (44,907) (38,768)
Interest and other miscellaneous income, net 2,565 280 1,173
INCOME BEFORE INCOME TAXES 132,180 225,148 36,793
Income tax expense (Note 20) (9,389) (14,661) (7,009)
NET INCOME 122,791 210,487 29,784
Less: Net income attributable to noncontrolling interests in the operating partnership (2,393) (4,516) (528)
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates (13,321) (53,421) 7,828
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 107,077 152,550 37,084
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 (23,093) (22,096) 28,272
Cash flow hedges, net of income tax effect of $555, $2,667 and $1,845 76,039 60,315 (61,055)
Actuarial change and amortization of pension and postretirement plan liabilities 1,627 12,476 (925)
Total other comprehensive income (loss) 54,573 50,695 (33,708)
COMPREHENSIVE INCOME (LOSS) 177,364 261,182 (3,924)
Less: Comprehensive income attributable to noncontrolling interests in the operating partnership (3,692) (6,116) (3,068)
Less: Comprehensive (income) loss attributable to noncontrolling interests in consolidated affiliates (12,182) (48,234) 1,393
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO RAYONIER INC. $ 161,490 $ 206,832 $ (5,599)
EARNINGS PER COMMON SHARE (NOTE 6)      
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.73 $ 1.08 $ 0.28
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) $ 0.73 $ 1.08 $ 0.27