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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Increase (Decrease) in Partners' Capital [Roll Forward]      
Net income $ 178,495 $ 122,791 $ 210,487
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 (1,516) (23,093) (22,096)
Cash flow hedges (9,957) 76,039 60,315
Distributions to noncontrolling interests in consolidated affiliates (1,699) (12,807) (115,298)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents   (27,860) (28,119)
Rayonier Limited Partnership      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,880,712 1,815,578 1,862,645
Net income 178,495 122,791 210,487
Distributions on units (202,916) [1] (169,570) (158,249)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs (81)    
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs   59,350 233,033
Issuance of units under incentive stock plans 75 2,466 6,029
Stock-based incentive compensation 14,002 12,356 9,277
Repurchase of units (4,217) (4,225) (1,617)
Adjustment of Redeemable Operating Partnership Units (806) 24,135 (44,378)
Conversion of units to common shares 24,917 3,925 40,676
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)
Pension and postretirement benefit plans 593 1,627 12,476
Foreign currency translation adjustment (1,516) (23,093) (22,096)
Cash flow hedges (9,957) 76,039 60,315
Distributions to noncontrolling interests in consolidated affiliates (1,699) (12,807) (115,298)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents   (27,860) (28,119)
Ending balance 1,877,602 1,880,712 1,815,578
Rayonier Limited Partnership | Accumulated Other Comprehensive Income (Loss)      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 40,249 (15,463) (71,345)
Pension and postretirement benefit plans 593 1,627 12,476
Foreign currency translation adjustment (1,466) (22,282) (18,487)
Cash flow hedges (11,358) 76,367 61,893
Ending balance 28,018 40,249 (15,463)
Rayonier Limited Partnership | Noncontrolling Interests in Consolidated Affiliates      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 15,317 43,802 388,588
Net income 2,097 13,321 53,421
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 (50) (811) (3,609)
Cash flow hedges 1,401 (328) (1,578)
Distributions to noncontrolling interests in consolidated affiliates (1,699) (12,807) (115,298)
Noncontrolling interests in consolidated affiliates redemption of unit equivalents   (27,860) (28,119)
Ending balance 17,066 15,317 43,802
Rayonier Limited Partnership | General Partners’ Capital | Units      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 18,251 17,872 15,454
Net income 1,764 1,095 1,571
Distributions on units (2,029) [1] (1,696) (1,583)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs (1)    
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs   593 2,330
Issuance of units under incentive stock plans 1 25 60
Stock-based incentive compensation 140 124 93
Repurchase of units (42) (42) (16)
Adjustment of Redeemable Operating Partnership Units (8) 241 (444)
Conversion of units to common shares 249 39 407
Ending balance 18,325 18,251 17,872
Rayonier Limited Partnership | Limited Partners’ Capital | Units      
Increase (Decrease) in Partners' Capital [Roll Forward]      
Beginning balance 1,806,895 1,769,367 1,529,948
Net income 174,634 108,375 155,495
Distributions on units (200,887) [1] (167,874) (156,666)
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs (80)    
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs   58,757 230,703
Issuance of units under incentive stock plans 74 2,441 5,969
Stock-based incentive compensation 13,862 12,232 9,184
Repurchase of units (4,175) (4,183) (1,601)
Adjustment of Redeemable Operating Partnership Units (798) 23,894 (43,934)
Conversion of units to common shares 24,668 3,886 40,269
Ending balance $ 1,814,193 $ 1,806,895 $ 1,769,367
[1] Includes an additional cash distribution of $0.20 per operating partnership unit. The cash distribution was payable January 12, 2024, to holders of record on December 29, 2023.