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EARNINGS PER SHARE AND PER UNIT (Tables)
12 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted The following table provides details of the calculations of basic earnings per common share of the Company for the three years ended December 31:
 202420232022
Basic earnings per common share
Numerator:
Net income from continuing operations$340,860 $159,314 $101,304 
Less: Net income from continuing operations attributable to NCI in the Operating Partnership(4,510)(2,630)(1,989)
Less: Net (income) loss from continuing operations attributable to NCI in consolidated affiliates(510)47 (10,355)
Net income from continuing operations attributable to Rayonier Inc.$335,840 $156,731 $88,960 
Net income from discontinued operations$28,123 $19,181 $21,487 
Less: Net income from discontinued operations attributable to NCI in the Operating Partnership(324)(275)(404)
Less: Net income from discontinued operations attributable to NCI in consolidated affiliates(4,492)(2,144)(2,966)
Net income from discontinued operations attributable to Rayonier Inc.$23,307 $16,762 $18,117 
Net income$368,983 $178,495 $122,791 
Less: Net income attributable to NCI in the Operating Partnership(4,834)(2,905)(2,393)
Less: Net income attributable to NCI in consolidated affiliates(5,002)(2,097)(13,321)
Net income attributable to Rayonier Inc.$359,147 $173,493 $107,077 
Denominator:
Denominator for basic earnings per common share - weighted average shares148,839,858 148,046,673 146,209,847 
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations$2.26 $1.06 $0.61 
Discontinued operations$0.16 $0.11 $0.12 
Basic earnings per common share$2.41 $1.17 $0.73 
    The following table provides details of the calculations of diluted earnings per common share of the Company for the three years ended December 31:
 202420232022
Diluted earnings per common share
Numerator:
Net income from continuing operations$340,860 $159,314 $101,304 
Less: Net (income) loss from continuing operations attributable to NCI in consolidated affiliates(510)47 (10,355)
Net income from continuing operations attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership$340,350 $159,361 $90,949 
Net income from discontinued operations$28,123 $19,181 $21,487 
Less: Net income from discontinued operations attributable to NCI in consolidated affiliates(4,492)(2,144)(2,966)
Net income from discontinued operations attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership$23,631 $17,037 $18,521 
Net income$368,983 $178,495 $122,791 
Less: Net income attributable to NCI in consolidated affiliates(5,002)(2,097)(13,321)
Net income attributable to Rayonier Inc. before net income attributable to NCI in the Operating Partnership$363,981 $176,398 $109,470 
Denominator:
Denominator for basic earnings per common share - weighted average shares148,839,858 148,046,673 146,209,847 
Add: Dilutive effect of:
Stock options41 472 5,132 
Performance shares, restricted shares and restricted stock units362,352 401,351 669,501 
Noncontrolling interests in Operating Partnership units2,066,102 2,618,699 3,268,473 
Contingently issuable shares and units from special dividend827,150 — — 
Denominator for diluted earnings per common share - adjusted weighted average shares152,095,503 151,067,195 150,152,953 
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations$2.24 $1.05 $0.61 
Discontinued operations$0.16 $0.11 $0.12 
Diluted earnings per common share$2.39 $1.17 $0.73 
The following table provides details of the calculations of basic earnings per unit of the Operating Partnership for the three years ended December 31:
 202420232022
Basic earnings per unit
Numerator:
Net income from continuing operations$340,860 $159,314 $101,304 
Less: Net (income) loss from continuing operations attributable to NCI in consolidated affiliates(510)47 (10,355)
Net income from continuing operations available to unitholders$340,350 $159,361 $90,949 
Net income from discontinued operations$28,123 $19,181 $21,487 
Less: Net income from discontinued operations attributable to NCI in consolidated affiliates(4,492)(2,144)(2,966)
Net income from discontinued operations available to unitholders$23,631 $17,037 $18,521 
Net income$368,983 $178,495 $122,791 
Less: Net income attributable to NCI in consolidated affiliates(5,002)(2,097)(13,321)
Net income available to unitholders$363,981 $176,398 $109,470 
Denominator:
Denominator for basic earnings per unit - weighted average units150,905,960 150,665,372 149,478,320 
Basic earnings per unit attributable to Rayonier, L.P.:
Continuing operations$2.26 $1.06 $0.61 
Discontinued operations$0.16 $0.11 $0.12 
Basic earnings per unit$2.41 $1.17 $0.73 
    The following table provides details of the calculations of diluted earnings per unit of the Operating Partnership for the three years ended December 31:
202420232022
Diluted earnings per unit
Numerator:
Net income from continuing operations$340,860 $159,314 $101,304 
Less: Net (income) loss from continuing operations attributable to NCI in consolidated affiliates(510)47 (10,355)
Net income from continuing operations available to unitholders$340,350 $159,361 $90,949 
Net income from discontinued operations$28,123 $19,181 $21,487 
Less: Net income from discontinued operations attributable to NCI in consolidated affiliates(4,492)(2,144)(2,966)
Net income from discontinued operations available to unitholders$23,631 $17,037 $18,521 
Net income$368,983 $178,495 $122,791 
Less: Net income attributable to NCI in consolidated affiliates(5,002)(2,097)(13,321)
Net income available to unitholders$363,981 $176,398 $109,470 
Denominator:
Denominator for basic earnings per unit - weighted average units150,905,960 150,665,372 149,478,320 
Add: Dilutive effect of unit equivalents:
Stock options41 472 5,132 
Performance shares, restricted shares and restricted stock units362,352 401,351 669,501 
Contingently issuable shares and units from special dividend827,150 — — 
Denominator for diluted earnings per unit - adjusted weighted average units152,095,503 151,067,195 150,152,953 
Diluted earnings per unit attributable to Rayonier, L.P.:
Continuing operations$2.24 $1.05 $0.61 
Discontinued operations$0.16 $0.11 $0.12 
Diluted earnings per unit$2.39 $1.17 $0.73 
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share
 202420232022
Anti-dilutive shares excluded from computations of diluted earnings per common share:
Stock options, performance shares, restricted shares and restricted stock units147,514 164,865 103,514 
 202420232022
Anti-dilutive unit equivalents excluded from computations of diluted earnings per unit:
Stock options, performance shares, restricted shares and restricted stock units147,514 164,865 103,514