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RAYONIER, L.P. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN CAPITAL (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2025
Sep. 30, 2024
Increase (Decrease) in Partners' Capital [Roll Forward]                
Income (loss) from continuing operations $ 43,709     $ 22,240     $ 47,885 $ 13,834
Income (loss) from discontinued operations 0     8,202     406,346 21,949
Deconsolidation of discontinued operations   $ 18,324            
Pension and postretirement benefit plans (2) (2) $ (2) 139   $ 9,562    
Foreign currency translation adjustment   16,842 3,633 13,338 $ 6,014 (16,951)    
Cash flow hedges (3,748) 1,400 (7,047) (15,827) 198 2,966    
Distributions to noncontrolling interests in consolidated affiliates   (1,171) (1,911) (1,713) (2,047) (1,713)    
Rayonier Limited Partnership                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 2,302,217 1,925,295 1,780,533 1,821,065 1,845,647 1,877,602 1,780,533 1,877,602
Income (loss) from continuing operations 43,709 9,769 (5,592) 22,240 (3,896) (4,510) 47,885 13,834
Income (loss) from discontinued operations 0 403,838 2,507 8,202 6,931 6,816 406,346 21,949
Deconsolidation of discontinued operations   18,324            
Distributions on units (43,070) (42,955) (43,254) (42,961) (43,095) (43,374)    
Issuance of units from special distribution [1]     203,135          
Stock-based incentive compensation 2,598 3,628 2,281 3,906 4,904 3,218    
Adjustment of Redeemable Operating Partnership Units (947) 4,599 (6,355) (6,262) 8,626 551    
Conversion of units into common shares 8,058 218 28 643 1,915 11,511    
Pension and postretirement benefit plans (2) (2) (2) 139   9,562    
Foreign currency translation adjustment   16,842 3,633 13,338 6,014 (16,951)    
Cash flow hedges (3,748) 1,400 (7,047) (15,827) 198 2,966    
Distributions to noncontrolling interests in consolidated affiliates   (1,171) (1,911) (1,713) (2,047) (1,713)    
Ending balance 2,278,705 2,302,217 1,925,295 1,802,765 1,821,065 1,845,647 2,278,705 1,802,765
Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Repurchase of units made under repurchase program (7) (2,640) (38) (5) (4,132) (31)    
Rayonier Limited Partnership | Repurchase Program                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Repurchase of units made under repurchase program (30,103) (34,928) (2,623)          
Units | General Partners’ Capital | Rayonier Limited Partnership                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 22,690 19,269 17,772 17,759 18,057 18,325 17,772 18,325
Income (loss) from continuing operations 437 98 (56) 222 (39) (45)    
Income (loss) from discontinued operations   4,044 21 69 58 59    
Distributions on units (431) (430) (432) (430) (430) (434)    
Issuance of units from special distribution [1]     2,031          
Stock-based incentive compensation 26 36 23 39 49 32    
Adjustment of Redeemable Operating Partnership Units (9) 46 (63) (62) 86 6    
Conversion of units into common shares 80 2   6 19 115    
Ending balance 22,492 22,690 19,269 17,603 17,759 18,057 22,492 17,603
Units | General Partners’ Capital | Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Repurchase of units made under repurchase program   (26) (1)   (41) (1)    
Units | General Partners’ Capital | Rayonier Limited Partnership | Repurchase Program                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Repurchase of units made under repurchase program (301) (349) (26)          
Units | Limited Partners’ Capital | Rayonier Limited Partnership                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 2,246,297 1,907,612 1,759,405 1,758,158 1,787,713 1,814,193 1,759,405 1,814,193
Income (loss) from continuing operations 43,272 9,671 (5,536) 22,028 (3,844) (4,455)    
Income (loss) from discontinued operations   400,371 2,101 6,830 5,754 5,818    
Distributions on units (42,639) (42,525) (42,822) (42,531) (42,665) (42,940)    
Issuance of units from special distribution [1]     201,104          
Stock-based incentive compensation 2,572 3,592 2,258 3,867 4,855 3,186    
Adjustment of Redeemable Operating Partnership Units (938) 4,553 (6,292) (6,200) 8,540 545    
Conversion of units into common shares 7,978 216 28 637 1,896 11,396    
Ending balance 2,226,733 2,246,297 1,907,612 1,742,784 1,758,158 1,787,713 2,226,733 1,742,784
Units | Limited Partners’ Capital | Rayonier Limited Partnership | Incentive Stock Awards Repurchase Program                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Repurchase of units made under repurchase program (7) (2,614) (37) (5) (4,091) (30)    
Units | Limited Partners’ Capital | Rayonier Limited Partnership | Repurchase Program                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Repurchase of units made under repurchase program (29,802) (34,579) (2,597)          
Accumulated Other Comprehensive Income | Rayonier Limited Partnership                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 33,230 (11,793) (7,865) 30,870 25,472 28,018 (7,865) 28,018
Deconsolidation of discontinued operations   29,068            
Pension and postretirement benefit plans (2) (2) (2) 139   9,562    
Foreign currency translation adjustment   16,252 3,515 12,804 5,728 (16,178)    
Cash flow hedges (3,748) (295) (7,441) (17,195) (330) 4,070    
Ending balance 29,480 33,230 (11,793) 26,618 30,870 25,472 29,480 26,618
Noncontrolling Interests in Consolidated Affiliates | Rayonier Limited Partnership                
Increase (Decrease) in Partners' Capital [Roll Forward]                
Beginning balance 0 10,207 11,221 14,278 14,405 17,066 11,221 17,066
Income (loss) from continuing operations       (10) (13) (10)    
Income (loss) from discontinued operations   (577) 385 1,303 1,119 939    
Deconsolidation of discontinued operations   (10,744)            
Foreign currency translation adjustment   590 118 534 286 (773)    
Cash flow hedges   1,695 394 1,368 528 (1,104)    
Distributions to noncontrolling interests in consolidated affiliates   (1,171) (1,911) (1,713) (2,047) (1,713)    
Ending balance $ 0 $ 0 $ 10,207 $ 15,760 $ 14,278 $ 14,405 $ 0 $ 15,760
[1] Reflects the issuance of units related to the Company’s special distribution of $1.80 per unit, paid on January 30, 2025, to holders of record as of December 12, 2024. This distribution comprised a combination of cash and units.