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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Increase (Decrease) in Partners' Capital [Roll Forward]            
Net income (loss) $ 3,035   $ 19,096   $ 5,341 $ 26,534
Costs associated with the “at-the-market” (ATM) equity offering program     (71)      
Pension and postretirement benefit plans 0 $ 9,562 2 $ 1 9,562 3
Foreign currency translation adjustment 6,014 (16,951) (9,203) (3,733) (10,937) (12,937)
Cash flow hedges 198 2,966 11,942 (12,319)    
Distributions to noncontrolling interests in consolidated affiliates (2,047) (1,713)        
Rayonier Limited Partnership            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance 1,845,647 1,877,602 1,854,815 1,880,712 1,877,602 1,880,712
Net income (loss) 3,035 2,306 19,096 7,437 5,341 26,534
Distributions on units (43,095) (43,374) (42,984) (43,033)    
Costs associated with the “at-the-market” (ATM) equity offering program     (71)      
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs of $24       (10)    
Stock-based compensation 4,904 3,218 4,336 2,499    
Repurchase of units (4,132) (31) (4,147) (41)    
Adjustment of Redeemable Operating Partnership Units 8,626 551 4,625 (579)    
Conversion of units into common shares 1,915 11,511 304 23,881    
Pension and postretirement benefit plans 0 9,562 2 1 9,562 3
Foreign currency translation adjustment 6,014 (16,951) (9,203) (3,733) (10,937) (12,937)
Cash flow hedges 198 2,966 11,942 (12,319)    
Distributions to noncontrolling interests in consolidated affiliates (2,047) (1,713)        
Ending balance 1,821,065 1,845,647 1,838,715 1,854,815 1,821,065 1,838,715
Rayonier Limited Partnership | Units | General Partners’ Capital            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance 18,057 18,325 18,163 18,251 18,325 18,251
Net income (loss) 19 14 193 85    
Distributions on units (430) (434) (429) (431)    
Costs associated with the “at-the-market” (ATM) equity offering program     (1)      
Stock-based compensation 49 32 43 25    
Repurchase of units (41) (1) (41)      
Adjustment of Redeemable Operating Partnership Units 86 6 46 (6)    
Conversion of units into common shares 19 115 3 239    
Ending balance 17,759 18,057 17,977 18,163 17,759 17,977
Rayonier Limited Partnership | Units | Limited Partners’ Capital            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance 1,787,713 1,814,193 1,798,174 1,806,895 1,814,193 1,806,895
Net income (loss) 1,910 1,363 19,148 8,389    
Distributions on units (42,665) (42,940) (42,555) (42,602)    
Costs associated with the “at-the-market” (ATM) equity offering program     (70)      
Issuance of units under the “at-the-market” equity offering, net of commissions and offering costs of $24       (10)    
Stock-based compensation 4,855 3,186 4,293 2,474    
Repurchase of units (4,091) (30) (4,106) (41)    
Adjustment of Redeemable Operating Partnership Units 8,540 545 4,579 (573)    
Conversion of units into common shares 1,896 11,396 301 23,642    
Ending balance 1,758,158 1,787,713 1,779,764 1,798,174 1,758,158 1,779,764
Rayonier Limited Partnership | Accumulated Other Comprehensive Income            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance 25,472 28,018 24,194 40,249 28,018 40,249
Pension and postretirement benefit plans   9,562 2 1    
Foreign currency translation adjustment 5,728 (16,178) (8,790) (3,552)    
Cash flow hedges (330) 4,070 12,273 (12,504)    
Ending balance 30,870 25,472 27,679 24,194 30,870 27,679
Rayonier Limited Partnership | Noncontrolling Interests in Consolidated Affiliates            
Increase (Decrease) in Partners' Capital [Roll Forward]            
Beginning balance 14,405 17,066 14,284 15,317 17,066 15,317
Net income (loss) 1,106 929 (245) (1,037)    
Foreign currency translation adjustment 286 (773) (413) (181)    
Cash flow hedges 528 (1,104) (331) 185    
Distributions to noncontrolling interests in consolidated affiliates (2,047) (1,713)        
Ending balance $ 14,278 $ 14,405 $ 13,295 $ 14,284 $ 14,278 $ 13,295