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RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME (LOSS) (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
SALES (NOTE 4) $ 82,922 $ 113,704
Costs and Expenses    
Cost of sales (64,952) (86,123)
Selling and general expenses (16,692) (18,980)
Other operating (expense) income, net (Note 15) (1,219) 31
Costs and expenses (82,863) (105,072)
OPERATING INCOME 59 8,632
Interest expense, net (6,394) (8,948)
Interest income 2,876 1,895
Other miscellaneous expense, net (1,842) (7,080)
INCOME BEFORE INCOME TAXES (5,301) (5,501)
Income tax (expense) benefit (Note 16) (291) 991
LOSS FROM CONTINUING OPERATIONS (5,592) (4,510)
Net income from discontinued operations, net of tax 2,507 6,816
NET (LOSS) INCOME (3,085) 2,306
Less: Net income attributable to noncontrolling interests in the Operating Partnership 46 (20)
Less: Net income attributable to noncontrolling interests in consolidated affiliates (385) (929)
NET (LOSS) INCOME ATTRIBUTABLE TO RAYONIER INC. (3,424) 1,357
OTHER COMPREHENSIVE INCOME (LOSS)    
Pension and postretirement benefit plans, net of income tax effect of $0 and $1,222 (2) 9,562
Foreign currency translation adjustment, net of income tax effect of $0 and $0 (3,633) 16,951
Total other comprehensive (loss) income (3,416) (4,423)
COMPREHENSIVE INCOME (6,501) (2,117)
Less: Comprehensive income attributable to noncontrolling interests in the Operating Partnership 98 17
Less: Comprehensive income attributable to noncontrolling interests in consolidated affiliates (897) 947
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC. $ (7,300) $ (1,153)
BASIC (LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.    
Continuing operations (in dollars per share) $ (0.04) $ (0.03)
Discontinued operations (in dollars per share) 0.01 0.04
Net Income (in dollars per share) (0.02) 0.01
DILUTED (LOSS) EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.    
Continuing operations (in dollars per share) (0.04) (0.03)
Discontinued operations (in dollars per share) 0.01 0.04
Net Income (in dollars per share) $ (0.02) $ 0.01
Continuing Operations    
OTHER COMPREHENSIVE INCOME (LOSS)    
Cash flow hedges, net of income tax effect of $665 and $1,866 $ (8,758) $ 7,763
Pension and postretirement benefit plans, net of income tax effect of $0 and $1,222 (2) 9,562
Discontinued Operations    
OTHER COMPREHENSIVE INCOME (LOSS)    
Cash flow hedges, net of income tax effect of $665 and $1,866 1,711 (4,797)
Foreign currency translation adjustment, net of income tax effect of $0 and $0 $ (3,633) $ 16,951