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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Statement of Comprehensive Income [Abstract]      
SALES (NOTE 3) $ 1,262,997 $ 1,056,933 $ 909,072
Costs and Expenses      
Cost of sales (784,833) (762,570) (688,284)
Selling and general expenses (74,421) (74,773) (64,670)
Other operating (expense) income, net (Note 17) (1,277) (8,306) 9,704
Costs and Expenses (860,531) (845,649) (743,250)
OPERATING INCOME 402,466 211,284 165,822
Interest expense, net (36,916) (48,342) (36,207)
Interest and other miscellaneous income, net 10,483 20,675 2,565
INCOME BEFORE INCOME TAXES 376,033 183,617 132,180
Income tax expense (Note 20) (7,050) (5,122) (9,389)
NET INCOME 368,983 178,495 122,791
Less: Net income attributable to noncontrolling interests in the Operating Partnership (4,834) (2,905) (2,393)
Less: Net income attributable to noncontrolling interests in consolidated affiliates (5,002) (2,097) (13,321)
NET INCOME ATTRIBUTABLE TO RAYONIER INC. 359,147 173,493 107,077
OTHER COMPREHENSIVE INCOME (LOSS)      
Foreign currency translation adjustment, net of income tax effect of $0, $0 and $0 (33,100) (1,516) (23,093)
Cash flow hedges, net of income tax effect of $3,790, $2,368 and $555 (16,356) (9,957) 76,039
Pension and postretirement benefit plans, net of income tax effect of $1,222, $0 and $0 9,846 593 1,627
Total other comprehensive (loss) income (39,610) (10,880) 54,573
COMPREHENSIVE INCOME 329,373 167,615 177,364
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership (4,356) (2,639) (3,692)
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates (1,276) (3,449) (12,182)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ 323,741 $ 161,527 $ 161,490
EARNINGS PER COMMON SHARE (NOTE 6)      
Basic earnings per share attributable to Rayonier Inc. (in dollars per share) $ 2.41 $ 1.17 $ 0.73
Diluted earnings per share attributable to Rayonier Inc. (in dollars per share) $ 2.39 $ 1.17 $ 0.73