View Filing Data

$ 1,488,642

$ 1,315,233

$ 1,168,567

1,073,732

990,099

914,772

Other operating income, net (Note 14)

66,541

67,102

62,633

(3,829)

(10,519)

(221,172)

Equity in income (loss) of New Zealand joint venture

1,136,444

1,046,682

756,233

4,088

1,033

(2,826)

OPERATING INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE

356,286

269,584

409,508

Gain on sale of a portion of interest in New Zealand joint venture (Note 5)

12,367

OPERATING INCOME

356,286

281,951

409,508

Interest and miscellaneous income, net

(50,775)

(50,463)

(52,441)

851

1,315

1,810

306,362

232,803

358,877

Income tax expense

(30,357)

(15,217)

(46,336)

Foreign currency translation adjustment

276,005

217,586

312,541

OTHER COMPREHENSIVE INCOME (LOSS)

3,546

4,162

15,980

(Loss) gain from pension and postretirement plans, net of income benefit (expense) of $20,665, $1,570, and $(1,401)

(2,373)

837

(2,305)

(46,263)

6,385

4,879

COMPREHENSIVE INCOME

$ 230,915

$ 228,970

$ 331,095

EARNINGS PER COMMON SHARE

Basic earnings per share

$ 2.27

^[1]

$ 1.81

^[1]

$ 2.63

Diluted earnings per share

2.20

^[1]

1.79

^[1]

2.60

Dividends per share

$ 1.52

$ 1.36

$ 1.33

[1]	The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for further information.

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
(Loss) gain from pension and postretirement plans, income tax benefit (expense)	$ 20,665	$ 1,570	$ (1,401)

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010
CURRENT ASSETS
Cash and cash equivalents	$ 78,603	$ 349,463
Accounts receivable, less allowance for doubtful accounts of $399 and $387	95,008	82,640
Inventory (Note 10)	121,998	110,035
Income tax receivable	1,945	21,734
Prepaid and other current assets	46,948	45,314
Total current assets	344,502	609,186
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	1,503,711	1,137,931
PROPERTY, PLANT AND EQUIPMENT
Land	26,917	24,776
Buildings	140,269	129,913
Machinery and equipment	1,355,897	1,318,055
Construction in progress	96,097	33,920
Total property, plant and equipment, gross	1,619,180	1,506,664
Less—accumulated depreciation	(1,157,628)	(1,121,360)
Total property, plant and equipment, net	461,552	385,304
INVESTMENT IN JOINT VENTURE (Note 5)	69,219	68,483
OTHER ASSETS	190,364	162,749
TOTAL ASSETS	2,569,348	2,363,653
CURRENT LIABILITIES
Accounts payable	72,873	57,985
Current maturities of long-term debt	28,110	93,057
Accrued payroll and benefits	26,846	25,466
Accrued interest	7,044	6,206
Accrued customer incentives	10,369	9,759
Other current liabilities	23,078	40,975
Current liabilities for dispositions and discontinued operations (Note 15)	9,931	11,500
Total current liabilities	178,251	244,948
LONG-TERM DEBT	819,229	675,103
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 15)	80,893	81,660
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 20)	140,623	66,335
OTHER NON-CURRENT LIABILITIES	27,279	44,025
COMMITMENTS AND CONTINGENCIES (Notes 16, 17 and 18)
SHAREHOLDERS’ EQUITY
Common Shares, 240,000,000 shares authorized, 122,035,177 and 121,023,140 shares issued and outstanding	630,286	602,882
Retained earnings	806,235	717,058
Accumulated other comprehensive loss	(113,448)	(68,358)
Total Shareholders' Equity	1,323,073	1,251,582
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 2,569,348	$ 2,363,653

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010
Current Assets:
Accounts receivable, allowance for doubtful accounts	$ 399	$ 387
Shareholders' Equity:
Common shares, shares authorized	240,000,000	240,000,000
Common shares, shares issued	122,035,177	121,023,140
Common shares, shares outstanding	122,035,177	121,023,140

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
OPERATING ACTIVITIES
Net income	$ 276,005	$ 217,586	$ 312,541
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization	135,742	143,406	158,371
Non-cash cost of real estate sold	4,329	6,692	7,634
Stock-based incentive compensation expense	16,181	15,223	15,754
Gain on sale of a portion of interest in the New Zealand joint venture	0	(11,545)	0
Amortization of convertible debt discount	8,654	8,160	6,517
Deferred income taxes	2,498	14,936	(6,260)
Amortization of pension and postretirement plans	12,369	6,135	4,387
Non-cash adjustments to unrecognized tax benefit liability	(16,000)	4,723	15,467
Other	5,184	(237)	3,973
Changes in operating assets and liabilities:
Receivables	(12,011)	20,774	(26,863)
Inventories	(3,868)	(27,693)	9,202
Accounts payable	6,347	(4,606)	(12,552)
Income tax and alternative fuel mixture credit receivable	19,788	170,845	(190,694)
All other operating activities	(13,739)	(60,377)	17,917
Expenditures for dispositions and discontinued operations	(9,209)	(8,632)	(8,095)
CASH PROVIDED BY OPERATING ACTIVITIES	432,270	495,390	307,299
INVESTING ACTIVITIES
Capital expenditures	(144,522)	(138,449)	(91,667)
Purchase of timberlands	(320,899)	(5,360)	0
Jesup mill cellulose specialties expansion	(42,894)	0	0
Change in restricted cash	8,323	(8,231)	1,399
Other	11,378	9,384	(2,476)
CASH USED FOR INVESTING ACTIVITIES	(488,614)	(142,656)	(92,744)
FINANCING ACTIVITIES
Issuance of debt (Note 11)	460,000	157,000	267,500
Repayment of debt	(499,057)	(96,650)	(307,643)
Dividends paid	(185,272)	(163,673)	(158,218)
Proceeds from the issuance of common shares	13,451	26,314	11,115
Excess tax benefits on stock-based compensation	5,681	5,411	2,720
Purchase of exchangeable note hedge (Note 11)	0	0	(23,460)
Proceeds from issuance of warrant (Note 11)	0	0	12,506
Debt issuance costs	(2,027)	(561)	(4,678)
Repurchase of common shares	(7,909)	(6,028)	(1,388)
CASH USED FOR FINANCING ACTIVITIES	(215,133)	(78,187)	(201,546)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	617	(48)	270
CASH AND CASH EQUIVALENTS
(Decrease) increase in cash and cash equivalents	(270,860)	274,499	13,279
Balance, beginning of year	349,463	74,964	61,685
Balance, end of year	78,603	349,463	74,964
Cash paid during the year:
Interest	38,223	39,991	41,433
Income taxes	17,509	11,776	8,824
Non-cash investing and financing activity:
Acquisition of timberlands (Note 6)	105,000	0	0
Assumption of loan (Note 11)	105,000	0	0
Capital assets purchased on account	$ 20,866	$ 12,388	$ 8,722

Nature of Business Operations (Notes)

12 Months Ended

Dec. 31, 2011

Nature of Business Operations [Abstract]

Nature of Business Operations [Text Block]


1.	NATURE OF BUSINESS OPERATIONS

Rayonier Inc., including its consolidated subsidiaries, ("Rayonier" or "the Company") is a leading international forest products company primarily engaged in timberland management, the sale and entitlement of real estate, and the production and sale of high value specialty cellulose fibers and fluff pulp. The Company owns, leases or manages approximately 2.7 million acres of timberland and real estate located in the United States and New Zealand. Included in this property is over 0.2 million acres of high value real estate located primarily along the coastal region from Savannah, Georgia to Daytona Beach, Florida, which is referred to as the "coastal corridor." The Company owns and operates two specialty cellulose fibers mills in the United States. In addition, the Company manufactures lumber in three sawmills in Georgia and engages in the trading of logs.

Rayonier operates in four reportable business segments: Forest Resources, Real Estate, Performance Fibers, and Wood Products. See Note 3 — Segment and Geographical Information for further discussion.

The Company is a real estate investment trust ("REIT"). The Company is generally not required to pay federal income taxes on its U.S. timber harvest earnings and other REIT operations contingent upon meeting applicable distribution, income, asset, shareholder and other tests. The U.S. timber operations are primarily conducted by the Company’s wholly-owned REIT subsidiaries. Non-REIT qualifying and certain foreign operations, which are subject to corporate-level tax on earnings, are operated by our wholly-owned taxable subsidiary, Rayonier TRS Holdings Inc. ("TRS"). These operations include the Performance Fibers, Wood Products and trading businesses, as well as the Real Estate segment’s entitlement and sale of higher and better use ("HBU") properties.

Forest Resources

The Company’s Forest Resources segment owns, leases or manages approximately 2.6 million acres of timberlands located in the U.S. and New Zealand. The Forest Resources segment conducts activities that relate to the harvesting of timber in addition to managing timberlands and selling timber and logs to third parties. In 2011, it acquired approximately 308,000 acres of U. S. timberlands and its New Zealand joint venture ("JV") acquired 10,000 acres of timberlands.

Real Estate

Rayonier invests in timberlands seeking to maximize its total return from a full cycle of ownership, including selling portions of its asset base to capture the appreciated value. An increasing portion of Rayonier’s acreage has become more valuable for development, recreational or conservation purposes than for growing timber. As a result, the Company has expanded its focus to include more value-added real estate activities such as seeking entitlements. The Company’s real estate subsidiary, TerraPointe LLC, owns approximately 0.1 million acres.

Performance Fibers

Rayonier is a manufacturer of high-performance cellulose fibers with two production facilities in Jesup, Georgia and Fernandina Beach, Florida, which have a combined annual capacity of approximately 745,000 metric tons. These fiber products are sold throughout the world to companies that produce a wide variety of products, including cigarette filters, foods, pharmaceuticals, textiles, electronics and various industrial applications. Approximately 63 percent of performance fiber sales are to export customers, primarily in Asia and Europe.

Cellulose specialties—Rayonier is a producer of specialty cellulose products, most of which are used in dissolving chemical applications that require a highly purified form of cellulose fiber. The Company concentrates on producing the most high-value, technologically-demanding forms of cellulose specialty products, such as cellulose acetate and high-purity cellulose ethers, and is a leading supplier of these products.

Absorbent materials—Rayonier is a producer of fibers for absorbent hygiene products. These fibers are typically referred to as fluff fibers and are used as an absorbent medium in products such as disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes and non-woven fabrics.

In 2011, Rayonier began a capital project (the "CSE") to convert a fiber line at the Jesup, Georgia mill from absorbent materials to cellulose specialties. The CSE will add approximately 190,000 metric tons of cellulose specialties capacity, bringing total cellulose specialties capacity to about 675,000 metric tons. Upon completion, the Company will be exiting the absorbent materials business (about 260,000 metric ton capacity).

Wood Products

The Company operates and sells dimension lumber products through three lumber manufacturing facilities in the southeastern U.S.

Other

Rayonier operates log trading businesses in the northwest U.S. and New Zealand.

Summary of Significant Accounting Policies (Notes)

12 Months Ended

Dec. 31, 2011

Accounting Policies [Abstract]

Summary Of Significant Accounting Policies [Text Block]


2.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The consolidated financial statements include the accounts of Rayonier and its subsidiaries, in which it has a majority ownership or controlling interest. All intercompany balances and transactions are eliminated. For income tax purposes, the Company files two U.S. federal income tax returns, one for REIT operations and a consolidated filing for TRS operations, as well as numerous state, local and foreign income tax returns.

Use of Estimates

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and to disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. There are risks inherent in estimating and therefore actual results could differ from those estimates.

Cash and Cash Equivalents

Cash and cash equivalents include time deposits with original maturities of three months or less.

Inventory

Inventories are valued at the lower of cost or market. The costs of manufactured performance fibers are determined on the first-in, first-out basis. Other products are valued on an average cost basis. Inventory costs include material, labor and manufacturing overhead. Physical counts of inventories are taken at least annually. The need for a provision for estimated losses from obsolete, excess or slow-moving inventories is reviewed periodically.

HBU real estate properties that are expected to be sold within one year are included in inventory, while properties that are expected to be sold after one year are included in "Other assets."

Equity Method Investments

The Company accounts for its interest in its JV in accordance with generally accepted accounting principles under the equity method of accounting. Rayonier does not have a controlling financial interest but exerts significant influence over the JV’s operating policies as manager of the JV.

Timber

Timber is stated at the lower of cost or market value. Costs relating to acquiring, planting and growing of timber including real estate taxes, lease rental payments, site preparation and direct support costs relating to facilities, vehicles and supplies are capitalized. We capitalize payroll costs only for time spent on these activities and do not capitalize interest or any other soft costs aside from those mentioned above. Such accumulated costs attributed to merchantable timber are charged to cost of goods sold (depletion) at the time the timber is harvested or when the underlying timberland is sold based on the relationship of timber sold to the estimated volume of currently merchantable timber. Upon the acquisition of timberland, the Company makes a determination on whether to combine the newly acquired merchantable timber with an existing depletion pool or to create a new separate pool. This determination is based on the geographic location of the new timber, the customers/markets that will be served and the species mix. If the acquisition is similar, the cost of the acquired timber is combined into an existing depletion pool and a new depletion rate is calculated for the pool. This determination and depletion rate adjustment normally occurs in the quarter following the acquisition, concurrent with the harvesting of the acquired timber.

Property, Plant, Equipment and Depreciation

Property, plant and equipment additions are recorded at cost, including applicable freight, taxes, interest, construction and installation costs. Pulp mill assets are depreciated using the units-of-production method. The Company depreciates its non-production Performance Fiber assets, including office, lab and transportation equipment, using the straight-line depreciation method over 3 to 25 years. In addition, all of the assets at the Company’s sawmills are depreciated using the straight-line method over 3 to 15 years. Buildings and land improvements are depreciated using the straight-line method over 15 to 35 years and 5 to 30 years, respectively.

Gains and losses on the retirement of assets are included in operating income. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets that are held and used is measured by net undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying value exceeds the fair value of the assets, which is based on a discounted cash flow model. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell.

Fair Value Measurements

Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A three-level hierarchy that prioritizes the inputs used to measure fair value was established as follows:

Level 1—Quoted prices in active markets for identical assets or liabilities.

Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.

See Note 4 — Fair Value Measurements and Note 20 — Employee Benefit Plans for additional information on the Company’s fair value disclosures.

Foreign Currency Translation

The functional currency of the Company’s New Zealand-based operations and its JV investment is the New Zealand dollar. All assets and liabilities are translated into U.S. dollars at the exchange rate in effect at the respective balance sheet dates with the resulting translation gain or loss recorded as a separate component of Accumulated Other Comprehensive Income/(Loss), ("AOCI"), within Shareholders’ Equity.

Financial Instruments

The Company is exposed to various market risks, including changes in interest rates and commodity prices. The Company’s objective is to partially mitigate the economic impact of these market risks. Derivatives are used, as noted below, in accordance with policies and procedures approved by the Audit Committee of the Board of Directors and are managed by a senior executive committee, whose responsibilities include initiating, managing and monitoring resulting exposures. The Company does not enter into such financial instruments for trading or speculative purposes.

Derivative financial instruments such as commodity swap agreements are recognized in the financial statements and measured at fair value regardless of the purpose or intent for holding them. Transactions that provide for the forward purchase or sale of raw materials are not included in the financial statements until physical delivery of the product, as these transactions are done in the normal course of business and qualify for the normal purchases and sales scope exception provided under generally accepted accounting principles.

The Company periodically enters into commodity forward contracts to fix some of its fuel oil and natural gas costs at its Performance Fibers mills. The forward contracts partially mitigate the risk of a change in Performance Fibers margins resulting from an increase or decrease in fuel oil and natural gas prices. The Company’s commodity agreements do not qualify for hedge accounting and are marked to market. Gains or losses resulting from the valuation are recorded in "Other operating income, net."

See Note 4 — Fair Value Measurements for additional information on the Company’s derivative financial instruments.

Revenue Recognition

The Company generally recognizes revenues when the following criteria are met: (i) persuasive evidence of an agreement exists, (ii) delivery has occurred, (iii) the Company’s price to the buyer is fixed and determinable, and (iv) collectibility is reasonably assured.

Revenue from the sale of timber is recorded when title passes to the buyer. Timber sales are either sales of delivered logs or stumpage sales. Stumpage sales in the Atlantic, Gulf States and Northern regions are primarily made on a pay-as-cut basis. These contracts generally require a minimum 15 percent initial payment and title and risk of loss are transferred when the timber is cut. Sales of delivered logs generally do not require an initial payment and are made to third-party customers on open credit terms.

Real estate sales are recorded when title passes, full payment or a minimum down payment of 25 percent is received and full collectibility is assured. If a down payment of less than 25 percent is received at closing or if full collectibility is not reasonably assured, the Company typically records revenue based on the installment method or cost recovery method.

Revenue from domestic sales of Performance Fibers products is recorded when title passes which, depending on the contract, is either at time of shipment or when the customer receives goods. Foreign sales of Performance Fibers products are recorded when the customer or agent receives the goods and title passes.

Lumber sales are recorded when the goods are shipped and title passes.

The Company’s Other segment includes log trading sales. Revenue is recorded when the goods are received by the customer and title passes.

Environmental Costs

Rayonier expenses environmental costs related to ongoing businesses resulting from current operations. Expenditures that meaningfully extend the life or increase the efficiency of operating assets are capitalized.

The Company has established liabilities to assess, remediate and monitor sites related to dispositions or discontinued operations from which no current or future benefit is discernible. These obligations are established based on payments over the next 20 years and require significant estimates to determine the proper amount at any point in time. Generally, monitoring expense obligations are fixed once remediation projects are at or near completion. The projected period, from 2012 through 2031, reflects the time in which potential future costs are both estimable and probable. As new information becomes available, these cost estimates are updated and the Company adjusts its recorded liabilities appropriately. Environmental liabilities are accounted for on an undiscounted basis and are reflected in current and non-current "Liabilities for dispositions and discontinued operations" in the Consolidated Balance Sheets.

Income Taxes

The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured pursuant to tax laws using rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in the Consolidated Statement of Income and Comprehensive Income in the period that includes the enactment date of the rate change. The Company records a valuation allowance to reduce the carrying amounts of deferred tax assets if it is more likely than not that such deferred tax assets will not be realized.

In determining the provision for income taxes, the Company computes an annual effective income tax rate based on annual income by legal entity, permanent differences between book and tax, and statutory income tax rates by jurisdiction. Inherent in the effective tax rate is an assessment of the ultimate outcome of uncertain tax positions. The Company adjusts its annual effective tax rate as additional information on outcomes or events becomes available. Discrete items such as taxing authority examination findings are recognized in the period in which they occur.

The Company’s income tax returns are subject to audit by U.S. federal, state and foreign taxing authorities. In evaluating the tax benefits associated with various tax filing positions, the Company records a tax benefit for an uncertain tax position if it is more-likely-than-not to be realized upon ultimate settlement of the issue. The Company records a liability for an uncertain tax position that does not meet this criterion. The Company adjusts its liabilities for unrecognized tax benefits in the period in which it is determined the issue is settled with the taxing authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position or when new facts or information becomes available. Liabilities for unrecognized tax benefits are included in "Other current liabilities" and "Other non-current liabilities" in the Company’s Consolidated Balance Sheets. See Note 8 — Income Taxes for additional information.

Reclassifications

Certain 2010 and 2009 amounts have been reclassified to agree with the current year presentation.

New or Recently Adopted Accounting Pronouncements

In June 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2011-05, Presentation of Comprehensive Income. This standard eliminates the current option to report other comprehensive income and its components in the statement of changes in equity. An entity can elect to present items of net income and other comprehensive income in one continuous statement - referred to as the statement of comprehensive income - or in two separate, but consecutive, statements. Each component of net income and each component of other comprehensive income, together with totals for comprehensive income and its two parts - net income and other comprehensive income, would need to be displayed under either alternative. The statements would need to be presented with equal prominence as the other primary financial statements. The standard is effective for Rayonier's first quarter 2012 filing. Since Rayonier reports a consolidated statement of income and comprehensive income for each reporting period, this new guidance will have no effect on 2012 and future filings.

Segment and Geographical Information (Notes)

12 Months Ended

Dec. 31, 2011

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Segment and Geographical Information [Text Block]


3.	SEGMENT AND GEOGRAPHICAL INFORMATION

Effective first quarter 2011, the Company renamed its Timber segment, Forest Resources. All prior period amounts previously reported under the Timber segment are now reported under the Forest Resources segment.

Rayonier operates in four reportable business segments: Forest Resources, Real Estate, Performance Fibers, and Wood Products. Forest Resources sales include all activities that relate to the harvesting of timber. Real Estate sales include all property sales, including those designated as HBU. The assets of the Real Estate segment include HBU property held by the Company’s real estate subsidiary, TerraPointe LLC. The Performance Fibers segment includes two major product lines, cellulose specialties and absorbent materials. The Wood Products segment is comprised of lumber operations. The Company’s remaining operations include harvesting and selling timber acquired from third parties (log trading). These operations are reported in "Other Operations." Sales between operating segments are made based on fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on the operating income of the segments.

Operating income (loss) as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations.

Three customers in the Performance Fibers segment represented 15 percent, 11 percent and 11 percent of the Company’s consolidated sales in 2011, respectively. Two customers in the Performance Fibers segment represented 14 percent and 10 percent of the Company’s consolidated sales in 2010, respectively, and three customers in the Performance Fibers segment represented 13 percent, 12 percent and 11 percent of the Company’s consolidated sales in 2009.

Segment information for each of the three years ended December 31, 2011 follows (in millions of dollars):



	Sales
	2011			2010			2009
Forest Resources	$	215		$	177		$	159
Real Estate	71			96			101
Performance Fibers	1,020			881			839
Wood Products	68			68			51
Other Operations	122			102			38
Intersegment Eliminations (a)	(7		)	(9		)	(19		)
Total	$	1,489		$	1,315		$	1,169


(a)	Intersegment eliminations reflect sales from our Forest Resources segment to our Performance Fibers segment.



	Operating Income/(Loss)
	2011			2010			2009
Forest Resources	$	47		$	33		$	7
Real Estate	47			53			56
Performance Fibers	298			214			184
Wood Products	(2		)	2			(11		)
Other Operations	1			1			(3		)
Corporate and other (a)	(35		)	(21		)	177
Total	$	356		$	282		$	410


(a)	2011 included a $7 million increase in a disposition reserve. 2010 included a $12 million gain from the sale of a portion of the Company's interest in its New Zealand JV. 2009 included $205 million related to the AFMC. See Note 15 — Liabilities for Dispositions and Discontinued Operations, Note 5 — Joint Venture Investment and Note 8 — Income Taxes for additional information.



	Gross Capital Expenditures
	2011		2010		2009
Forest Resources (a)	$	468	$	41	$	32
Performance Fibers (b)	140		98		59
Wood Products	3		1		1
Corporate and other	2		4		—
Total Assets Acquired	$	613	$	144	$	92
Less: Assumption of loan for timberlands acquisition	105		—		—
Total Capital Expenditures	$	508	$	144	$	92


(a)	Included strategic timberland acquisitions of $426 million (including assumption of a $105 million loan), $5 million and $0 in 2011, 2010 and 2009, respectively.

(b) Included $43 million of strategic capital expenditures related to the Jesup mill CSE in 2011.



	Depreciation, Depletion and Amortization
	2011		2010		2009
Forest Resources	$	63	$	59	$	70
Real Estate	12		22		24
Performance Fibers	56		58		58
Wood Products	3		3		5
Corporate and other	2		1		1
Total	$	136	$	143	$	158



	Identifiable Assets
	2011		2010
Forest Resources	$	1,604	$	1,260
Real Estate	103		86
Performance Fibers	646		551
Wood Products	21		20
Other Operations	25		26
Corporate and other	170		421
Total	$	2,569	$	2,364



	Sales by Product Line
	2011		2010		2009
Forest Resources	$	215	$	177	$	159
Real Estate
Development	4		3		3
Rural	33		28		32
Non-Strategic Timberlands	34		65		66
Total Real Estate	71		96		101
Performance Fibers
Cellulose specialties	824		686		658
Absorbent materials	196		195		181
Total Performance Fibers	1,020		881		839
Wood Products	68		68		51
Other	115		93		19
Total Sales	$	1,489	$	1,315	$	1,169



	Geographical Operating Information
	Sales						Operating Income (Loss)							Identifiable Assets
	2011		2010		2009		2011		2010		2009			2011		2010
United States	$	1,378	$	1,228	$	1,136	$	350	$	268	$	416		$	2,473	$	2,266
New Zealand	111		87		33		6		14		(6		)	95		97
All other	—		—		—		—		—		—			1		1
Total	$	1,489	$	1,315	$	1,169	$	356	$	282	$	410		$	2,569	$	2,364



	Sales by Destination
	2011		%	2010		%	2009		%
United States	$	737	49	$	693	53	$	626	53
China	277		19	213		16	189		16
Europe	173		12	152		12	159		14
Japan	159		11	129		10	107		9
Other Asia	55		4	49		4	30		3
Latin America	36		2	35		3	23		2
New Zealand	22		1	17		1	12		1
Canada	9		1	10		1	6		1
All other	21		1	17		—	17		1
Total Sales	$	1,489	100	$	1,315	100	$	1,169	100

The majority of sales to foreign countries are denominated in U.S. dollars.

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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Fair Value Measurements [Text Block]

Fair Value Measurements (Notes)

12 Months Ended

Dec. 31, 2011

Fair Value Disclosures [Abstract]


4.	FAIR VALUE MEASUREMENTS

Commodity Swap Agreements

At December 31, 2011 and 2010, the Company had no fuel oil or natural gas hedges outstanding.

The impact of derivative instruments and their location within the Consolidated Statements of Income and Comprehensive Income was as follows:



Derivatives not designated as hedging instruments	Location of Gain Recognized in Income	2011		2010		2009
Commodity swap agreements	Other operating income, net	$	—	$	—	$	1,286

Fair Value of Financial Instruments

The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at December 31, 2011 and 2010, using market information and what the Company believes to be appropriate valuation methodologies under generally accepted accounting principles:



	2011						2010
Asset (liability)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Cash and cash equivalents	$	78,603		$	78,603		$	349,463		$	349,463
Current maturities of long-term debt	(28,110		)	(29,319		)	(93,057		)	(98,042		)
Long-term debt	(819,229		)	(994,851		)	(675,103		)	(783,080		)

Rayonier uses the following methods and assumptions in estimating the fair value of its financial instruments:

Cash and cash equivalents — The carrying amount is equal to fair market value.

Debt — The fair value of fixed rate debt is based upon quoted market prices for debt with similar terms and maturities.

Variable Interest Entity

Rayonier holds a variable interest in a bankruptcy-remote, limited liability subsidiary ("special-purpose entity") which was created in 2004 when Rayonier monetized a $25.0 million installment note and letter of credit received in connection with a timberland sale. The Company contributed the note and a letter of credit to the special-purpose entity and using the installment note and letter of credit as collateral, the special-purpose entity issued $22.6 million of 15-year Senior Secured Notes and remitted cash of $22.6 million to the Company. There are no restrictions that relate to the transferred financial assets. Rayonier maintains a $2.6 million interest in the entity and receives immaterial cash payments equal to the excess of interest received on the installment note over the interest paid on the Senior Secured Notes. The Company's interest is recorded at fair value and is included in "Other Assets" in the Consolidated Balance Sheets. During the years ended December 31, 2011, 2010 and 2009, de minimus fair value adjustments were recorded.

In addition, the Company calculated and recorded a de minimus guarantee liability to reflect its obligation of up to $2.6 million under a make-whole agreement pursuant to which it guaranteed certain obligations of the entity. This guarantee obligation is also collateralized by the letter of credit. The Company's interest in the entity, together with the make-whole agreement, represents the maximum exposure to loss as a result of the Company's involvement with the special-purpose entity. Upon maturity of the Senior Secured Notes in 2019 and termination of the special-purpose entity, Rayonier will receive the remaining $2.6 million of cash. The Company determined, based upon an analysis under the variable interest entity guidance, that it does not have the power to direct activities that most significantly impact the entity's economic success. Therefore, Rayonier is not the primary beneficiary and is not required to consolidate the entity.

Assets measured at fair value on a recurring basis are summarized below:



Asset	Carrying Value at December 31, 2011		Level 2		Carrying Value at December 31, 2010		Level 2
Investment in special-purpose entity	$	2,690	$	2,690	$	2,879	$	2,879

The fair value of the investment in the special-purpose entity is determined by summing the discounted value of future principal and interest payments that Rayonier will receive from the special-purpose entity. The interest rate of a similar instrument is used to determine the discounted value of the payments.

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44A, 44B
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
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Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

Joint Venture Investment (Notes)

12 Months Ended

Dec. 31, 2011

Joint Venture Investment [Text Block]


5.	JOINT VENTURE INVESTMENT

The Company holds a 26 percent interest in Matariki Forestry Group ("Matariki"), a JV that owns or leases approximately 0.3 million acres of New Zealand timberlands. In addition to the investment, Rayonier New Zealand Limited ("RNZ"), a wholly-owned subsidiary of Rayonier Inc., serves as the manager of the JV forests and operates a log trading business.

In February 2010, the JV sold a 35 percent interest in the JV to a new investor for NZ$167 million. Matariki issued new shares to the investor and used all the proceeds to pay down a portion of its outstanding NZ$367 million debt. Upon closing, Rayonier's ownership interest in Matariki declined from 40 percent to 26 percent. As a result of this transaction, results for 2010 include a gain of $11.5 million, net of $0.9 million in tax, or $0.09 per diluted share.

Rayonier’s investment in the JV is accounted for using the equity method of accounting. Income from the JV is reported in the Forest Resources segment as operating income since the Company manages the forests and its JV interest is an extension of the Company’s operations. A portion of Rayonier’s equity method investment is recorded at historical cost which generates a difference between the book value of the Company’s investment and its proportionate share of the JV’s net assets. The difference represents the Company’s unrecognized gain from RNZ’s sale of timberlands to the JV in 2005. The deferred gain is recognized on a straight-line basis over the estimated number of years the JV expects to harvest the timberlands.

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

Property, Plant and Equipment [Abstract]

Timberland Acquisitions (Notes)

12 Months Ended

Dec. 31, 2011

Timberland Aquisitions [Text Block]


6.	TIMBERLAND ACQUISITIONS

During the fourth quarter of 2011, Rayonier acquired approximately 250,000 acres of timberland primarily located in Mississippi, Louisiana, Oklahoma and Alabama for $332 million. The acquisition was funded with $107 million in cash on hand, $120 million in borrowings from the Company's existing revolving credit facility and the assumption of $105 million of the seller's existing debt. See Note 11 — Debt for additional information on the notes assumed. The acquisition was accounted for as an asset purchase.

In five separate transactions throughout 2011, Rayonier purchased an additional 58,000 acres located in Florida, Georgia and Louisiana for $94 million. These acquisitions were funded with cash on hand or through the revolving credit facility and were accounted for as asset purchases.

Other Assets (Notes)

12 Months Ended

Dec. 31, 2011

Other Assets [Abstract]

Other Assets [Text Block]


7.	OTHER ASSETS

Included in Other Assets are non-current prepaid and deferred income taxes, restricted cash, HBU real estate not expected to be sold within the next 12 months, manufacturing and maintenance supplies not expected to be utilized within the next 12 months, and other deferred expenses including debt issuance and capitalized software costs.

In order to qualify for like-kind exchange ("LKE") treatment, the proceeds from real estate sales must be deposited with a third-party intermediary. These proceeds are accounted for as restricted cash until a suitable replacement property is acquired. In the event that the LKE purchases are not completed, the proceeds are returned to the Company after 180 days and reclassified as available cash. As of December 31, 2011 and 2010, the Company had $0 and $8.3 million, respectively, of proceeds from real estate sales classified as restricted cash in Other Assets, which were deposited with an LKE intermediary.

Debt issuance costs are capitalized and amortized to interest expense over the term of the debt to which they relate using a method that approximates the interest method. At December 31, 2011 and 2010, capitalized debt issuance costs were $5.9 million and $6.9 million, respectively. Software costs are capitalized and amortized over a period not exceeding five years using the straight-line method. At December 31, 2011 and 2010, capitalized software costs were $8.6 million and $4.4 million, respectively.

Income Taxes (Notes)

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]


8.	INCOME TAXES

In general, only the taxable REIT subsidiaries, whose businesses include the Company's non-REIT qualified activities, are subject to corporate income taxes. However, the Company is subject to U.S. federal corporate income tax on built-in gains (the excess of fair market value over tax basis for property held upon REIT election at January 1, 2004) on taxable sales of such property during calendar years 2004 through 2010 and 2012 through 2013. In 2011, the law provided a built-in gains tax holiday. Accordingly, the provision for corporate income taxes relates principally to current and deferred taxes on TRS income and certain property sales.

Like-Kind Exchanges

Under current tax law, the built-in gain tax from the sale of REIT property can be deferred and eliminated if sale proceeds from "relinquished" properties are reinvested in similar property consistent with the LKE requirements of the U.S. Internal Revenue Code, as long as the "replacement" property is owned through the end of the built-in gain period (10-year period which began on January 1, 2004). The LKE requirements do not restrict the Company’s ability to harvest timber on a pay-as-cut basis from such replacement property during the built-in gain period.

Alternative Fuel Mixture Credit ("AFMC") and Cellulosic Biofuel Producer Credit ("CBPC")

The U.S. Internal Revenue Code allowed two credits for taxpayers that produced and used an alternative fuel in the operation of their business through December 31, 2009. The AFMC was a $0.50 per gallon refundable excise tax credit (which is not taxable), while the CBPC was a $1.01 per gallon credit that is nonrefundable, taxable and has limitations based on an entity's tax liability. Rayonier produces and uses an alternative fuel ("black liquor") at its Jesup, Georgia and Fernandina Beach, Florida performance fibers mills, which qualified for both credits. Rayonier claimed the AFMC on its 2009 income tax return, and accordingly, the 2009 Consolidated Statement of Income and Comprehensive Income includes income of $205.2 million net of associated expenses, recorded in "Other operating income, net" for black liquor produced and used.

In October 2010, the Internal Revenue Service ("IRS") issued clarification that both the AFMC and CBPC can be claimed in the same taxable year for different volumes of black liquor. Rayonier received approval from the IRS to claim the CBPC. As a result, the 2010 Consolidated Statement of Income and Comprehensive Income includes a tax credit of $24.3 million recorded in "income tax expense" for black liquor produced and used in 2009, which was not eligible for the AFMC. In 2011, management approved an exchange of black liquor gallons previously claimed under the AFMC for the CBPC. The net tax benefit from the exchange was $5.8 million.

Provision for Income Taxes

The (provision for)/benefit from income taxes consisted of the following:



	2011			2010			2009
Current
U.S. federal	$	(26,893	)	$	973		$	(50,586	)
State	(624		)	(12		)	(1,493		)
Foreign	(342		)	(1,242		)	(517		)
	(27,859		)	(281		)	(52,596		)
Deferred
U.S. federal	(2,079		)	(14,554		)	4,829
State	(1,066		)	(1,283		)	567
Foreign	(32		)	69			839
	(3,177		)	(15,768		)	6,235
Changes in valuation allowance	679			832			25
Total	$	(30,357	)	$	(15,217	)	$	(46,336	)

A reconciliation of the U.S. federal statutory income tax rate to the actual income tax rate was as follows:



	2011		2010		2009
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
REIT income not subject to federal tax	(10.4	)	(16.8	)	(13.0	)
Income tax rate before non-routine items	24.6	%	18.2	%	22.0	%
Installment note prepayment	(3.7	)	—		—
Built-in gains tax holiday	(1.9	)	—		—
CBPC	—		(10.5	)	—
AFMC	—		—		(13.3	)
CBPC for AFMC exchange	(1.9	)	—		—
Taxing authority settlements and unrecognized tax benefit adjustments	(5.3	)	(1.1	)	4.6
Other	(1.9	)	(0.1	)	(0.4	)
Income tax rate as reported	9.9	%	6.5	%	12.9	%

The effective tax rate, before non-routine items, increased in 2011 from 2010 due to proportionally higher TRS income. The effective tax rate, before non-routine items, decreased in 2010 from 2009 due to proportionately higher earnings from the REIT. The Company's effective tax rate is below the 35 percent U.S. statutory rate primarily due to tax benefits associated with being a REIT, and the CBPC and AFMC.

Deferred Taxes

Deferred income taxes result from recording revenues and expenses in different periods for financial reporting versus tax reporting. The nature of the temporary differences and the resulting net deferred tax asset (liability) for the two years ended December 31, were as follows:



	2011			2010
Gross deferred tax assets:
Liabilities for dispositions and discontinued operations	$	33,295		$	34,416
Pension, postretirement and other employee benefits	62,382			37,653
Foreign and state NOL carryforwards	17,796			18,225
Tax credit carryforwards	4,443			13,795
Other	13,615			18,726
Total gross deferred tax assets	131,531			122,815
Less: Valuation allowance	(18,811		)	(23,944		)
Total deferred tax assets after valuation allowance	112,720			98,871
Gross deferred tax liabilities:
Accelerated depreciation	(62,594		)	(65,683		)
Repatriation of foreign earnings	(5,030		)	(4,959		)
Other	(4,021		)	(5,309		)
Total gross deferred tax liabilities	(71,645		)	(75,951		)
Net deferred tax asset	$	41,075		$	22,920
Current portion of deferred tax asset	$	17,133		$	15,506
Noncurrent portion of deferred tax asset	30,211			14,190
Noncurrent portion of deferred tax liability	(6,269		)	(6,776		)
Net deferred tax asset	$	41,075		$	22,920

Included above are the following foreign and state net operating loss ("NOL") and tax credit carryforwards as of December 31, 2011:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand NOL Carryforwards (a)	$	17,394	$	(4,870	)	None
State NOL Carryforwards (a)	226,889		(12,926		)	15 years
State and Foreign Tax Credits	3,418		(1,015		)	10 years
Cellulosic Biofuel Producer Credit	1,025		—			4 years
Total Valuation Allowance			$	(18,811	)

(a) Fully reserved at December 31, 2011.

In 2011 and 2010, the Company recorded excess tax benefits of $5.7 million and $5.4 million, respectively, related to stock-based compensation. These amounts were credited directly to shareholders’ equity and were not included in the consolidated tax provisions.

Unrecognized Tax Benefits

In accordance with generally accepted accounting principles, we recognize the impact of a tax position if a position is "more likely than not" to prevail.

A reconciliation of the beginning and ending unrecognized tax benefits for the three years ended December 31 is as follows:



	2011				2010			2009
Balance at January 1,	$	22,580			$	17,973		$	3,906
Decreases related to prior year tax positions	(16,000		)	(a)	(1,057		)	(533		)
Increases related to current year tax positions	—				5,780			16,000			(a)
Payments	—				(116		)	(1,400		)
Balance at December 31,	$	6,580			$	22,580		$	17,973

(a) During 2011, the Company received a final examination report from the IRS regarding its TRS 2009 tax return. As a result, Rayonier reversed the uncertain tax liability recorded in 2009 relating to the taxability of the AFMC and recognized a $16 million tax benefit in the third quarter of 2011.

The total amount of unrecognized tax benefits that, if recognized, would have affected the effective tax rate at December 31, 2011, 2010 and 2009 is $2.6 million, $18.6 million, and $18.0 million, respectively. At December 31, 2011, the amount of unrecognized tax benefits that, if recognized, would decrease prepaid tax assets is $4.0 million. Prepaid tax assets are reported in "Other assets" on the Company's Consolidated Balance Sheets.

The Company records interest (and penalties, if applicable) related to unrecognized tax benefits in non-operating expenses. For both years ended December 31, 2011 and 2010, the Company recorded an interest benefit of $0.3 million. In 2009, the Company recorded interest expense of $0.3 million. The Company has liabilities of approximately $0.2 million and $0.6 million for the payment of interest at December 31, 2011 and 2010, respectively.

Tax Statutes

The following table provides detail of the tax years that remain open to examination by the IRS and other significant taxing jurisdictions:



Taxing Jurisdiction	Open Tax Periods
U.S. Internal Revenue Service	2008 – 2011
State of Alabama	2008 – 2011
State of Florida	2005 – 2011
State of Georgia	2008 – 2011
New Zealand Inland Revenue	2007 – 2011

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Earnings Per Common Share [Text Block]

Earnings Per Common Share (Notes)

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]


9.	EARNINGS PER COMMON SHARE

Basic earnings per share ("EPS") is calculated by dividing net income by the weighted average number of common shares outstanding during the year. Diluted EPS is calculated by dividing net income by the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of outstanding stock options, performance shares, restricted shares and convertible debt.

On July 22, 2011, the Board of Directors authorized a three-for-two stock split in the form of a stock dividend. The additional shares were distributed on August 24, 2011 to shareholders of record on August 10, 2011. The impact of the stock split is reflected for all periods presented.

The following table provides details of the calculation of basic and diluted EPS for the three years ended December 31:



	2011		2010		2009
Net income	$	276,005	$	217,586	$	312,541
Shares used for determining basic earnings per common share	121,662,985		120,240,275		118,578,719
Dilutive effect of:
Stock options	702,693		593,768		549,147
Performance and restricted shares	982,951		1,034,319		902,585
Assumed conversion of Senior Exchangeable Notes (a)	1,895,762		—		—
Assumed conversion of warrants (a)	149,900		—		—
Shares used for determining diluted earnings per common share	125,394,291		121,868,362		120,030,451
Basic earnings per common share	$	2.27	$	1.81	$	2.63
Diluted earnings per common share	$	2.20	$	1.79	$	2.60



	2011	2010	2009
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	161,786	308,421	1,449,029
Assumed conversion of exchangeable note hedges (a)	1,895,762	—	—
Total	2,057,548	308,421	1,449,029

(a) Upon maturity of the Senior Exchangeable Notes (the "Notes"), Rayonier will not issue additional shares for the Notes due to the offsetting exchangeable note hedges (the "hedges"). However, Accounting Standards Codification 260, Earnings Per Share requires the assumed conversion of the Notes to be included in dilutive shares if the average stock price for the period exceeds the strike prices, while the assumed conversion of the hedges are excluded since they are anti-dilutive. Rayonier will distribute additional shares upon maturity of the warrants if the stock price exceeds the strike price. For additional information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt.

Inventory (Notes)

12 Months Ended

Dec. 31, 2011

INVENTORY [Abstract]

Inventory [Text Block]


10.	INVENTORY

As of December 31, 2011 and 2010, Rayonier’s inventory included the following:



	2011		2010
Finished goods (a)	$	96,261	$	84,013
Work in progress	5,544		6,041
Raw materials	18,295		17,517
Manufacturing and maintenance supplies	1,898		2,464
Total inventory	$	121,998	$	110,035


(a)	Includes $8.3 million and $2.9 million of HBU real estate held for sale at December 31, 2011 and 2010, respectively.

Debt (Notes)

12 Months Ended

Dec. 31, 2011

Debt Disclosure [Abstract]

Debt [Text Block]


11.	DEBT

Rayonier’s debt consisted of the following at December 31, 2011 and 2010:



	2011			2010
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% (a)	$	294,622		$	288,135
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% (a)	163,525			161,358
Installment note due 2011 at a fixed interest rate of 8.49% (retired in December 2011)	—			93,057
Installment note due 2014 at a fixed interest rate of 8.64%	112,500			112,500
Mortgage notes due 2017 at fixed interest rates of 4.35% (b)	88,582			—
Pollution control and solid waste bonds due 2012-2020 at variable interest rates of 1.60% to 1.65% at December 31, 2011	38,110			38,110
Term loan due 2015 at a variable interest rate of 3.02% at December 31, 2010 (retired in March 2011)	—			75,000
Revolving credit facility borrowings due 2016 at variable interest rates of 1.34% to 1.35% at December 31, 2011	150,000			—
Total debt	847,339			768,160
Less: Current maturities of long-term debt	(28,110		)	(93,057		)
Long-term debt	$	819,229		$	675,103

Principal payments due during the next five years and thereafter are as follows:



2012 (a)	$	323,110
2013	—
2014	112,500
2015	172,500
2016	150,000
Thereafter	99,000
Total Debt	$	857,110

(a)

Our Senior Exchangeable Notes maturing in 2012 were discounted by $5.4 million and $11.9 million as of December 31, 2011 and 2010, respectively, but upon maturity the liability will be $300.0 million. $295 million of these notes are included in long-term debt due to the ability and intent of the company to refinance them on a long-term basis. See the paragraph below regarding available borrowings under the revolving credit facility. Our Senior Exchangeable Notes maturing in 2015 were discounted by $9.0 million and $11.1 million as of December 31, 2011 and 2010, but upon maturity the liability will be $172.5 million.


(b)	The mortgage notes due in 2017 were recorded at fair value, which increased the book value by $4.6 million as of December 31, 2011. Upon maturity the liability will be $84.0 million.

Revolving Credit Facility

In April 2011, the Company entered into a five year $300 million unsecured revolving credit facility, replacing the previous $250 million facility which was scheduled to expire in August 2011. In August 2011, the Company increased the revolving credit facility to $450 million from $300 million. The new facility has a borrowing rate of LIBOR plus 105 basis points plus a facility fee of 20 basis points and expires in April 2016. At December 31, 2011, the Company had $295 million of available borrowings under this facility, net of $5 million to secure our outstanding letters of credit.

$105 Million Secured Mortgage Notes Assumed

In November 2011, in connection with the acquisition of approximately 250,000 acres of timberlands, the Company assumed notes totaling $105 million, secured by mortgages on certain parcels of the timberlands acquired. The notes bear fixed interest rates of 4.35 percent with original terms of seven years maturing in August 2017. Concurrent with the acquisition, the Company prepaid $21.0 million of principal on the mortgage notes, the maximum allowed at this time without penalty. The notes were recorded at fair value on the date of acquisition. At December 31, 2011, the carrying value of the debt outstanding was $88.6 million, but upon maturity the liability will be $84.0 million. See Note 6 - Timberland Acquisitions for additional information regarding the transaction.

$75 Million Five-Year Term Loan Agreement

In March 2010, TRS borrowed $75 million under a five-year term loan agreement with a group of banks at LIBOR plus 275 basis points. The term note was repaid in March 2011.

4.50% Convertible notes issued August 2009

In August 2009, TRS issued $172.5 million of 4.50% Senior Exchangeable Notes due 2015. The notes are guaranteed by Rayonier, and are non-callable. The $172.5 million in principal will be settled in cash and any excess exchange value will be settled at the option of the Company in either cash or stock of Rayonier. Note holders may convert their notes to common stock of Rayonier, subject to certain provisions including the market price of the stock and the trading price of the convertible notes. The current exchange rate is 29.97 shares per $1,000 principal based on an exchange price of $33.37.

In separate transactions, TRS and Rayonier purchased exchangeable note hedges and sold warrants, respectively, based on 5,169,653 underlying shares of Rayonier. These transactions had the effect of increasing the conversion premium from 22.5 percent to 46 percent or to $39.85 per share. The exchangeable note hedge and warrant transactions are intended to limit exposure of potential dilution to Rayonier shareholders from note holders who could exchange the notes for Rayonier common shares. On exercise of the hedges, TRS will receive shares of Rayonier common stock equal to the difference between the then market price and the strike price of $33.37. The holders of the warrants will receive net shares from Rayonier if the share price is above $39.85 at maturity of the warrants.

The purchased hedges and sold warrants are not part of the terms of the notes and will not affect the note holders’ rights. Likewise, the note holders will not have any rights with respect to the hedge or the warrants. The purchased hedges and the sold warrants do not meet the definition of a derivative instrument because they are indexed to the Company’s own stock. They were recorded in shareholders’ equity in the Consolidated Balance Sheet and are not subject to mark-to-market adjustments.

3.75% Convertible notes issued October 2007

In October 2007, TRS issued $300.0 million of 3.75% Senior Exchangeable Notes due 2012. The notes are guaranteed by Rayonier and are non-callable. The $300.0 million in principal will be settled in cash and any excess exchange value will be settled at the option of the Company in either cash or stock of Rayonier. Note holders may convert their notes subject to certain conversion provisions including the market price of the Company’s common stock and the trading price of the convertible notes. The current exchange rate is 27.47 shares per $1,000 principal based on an exchange price of $36.41.

In separate transactions, TRS and Rayonier, purchased an exchangeable note hedge and sold warrants, respectively, based on 8,239,920 underlying shares of Rayonier. These transactions had the effect of increasing the conversion premium from 22 percent to 40 percent or to $41.78 per share. On exercise of the hedge, TRS will receive shares of Rayonier common stock equal to the difference between the then market price and the strike price of $36.41. The holders of the warrants will receive net shares from Rayonier if the share price is above $41.78 at maturity of the warrants.

The purchased hedge and sold warrants are not part of the terms of the notes and will not affect the note holders’ rights. Likewise, the note holders will not have any rights with respect to the hedge or the warrants. The purchased hedge and the sold warrants do not meet the definition of a derivative instrument because they are indexed to the Company’s own stock. They were recorded in shareholders’ equity in the Consolidated Balance Sheet and are not subject to mark-to-market adjustments.

The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2011 and 2010 are as follows:



	2011			2010
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes	$	172,500		$	172,500
3.75% Senior Exchangeable Notes	300,000			300,000
Unamortized discount
4.50% Senior Exchangeable Notes	(8,975		)	(11,142		)
3.75% Senior Exchangeable Notes	(5,378		)	(11,865		)
Net carrying amount of debt	$	458,147		$	449,493
Equity:
Common stock	$	28,092		$	28,092

The unamortized discounts for the 4.50% and 3.75% Senior Exchangeable Notes will be amortized through August 2015 and October 2012, respectively.

The amount of interest related to the convertible debt recognized in the Consolidated Statements of Income and Comprehensive Income for the three years ended December 31 is as follows:



	2011		2010		2009
Contractual interest coupon
4.50% Senior Exchangeable Notes	$	7,763	$	7,763	$	2,911
3.75% Senior Exchangeable Notes	11,250		11,250		11,250
Amortization of debt discount
4.50% Senior Exchangeable Notes	2,167		2,045		750
3.75% Senior Exchangeable Notes	6,487		6,115		5,767
Total interest expense recognized	$	27,667	$	27,173	$	20,678

The effective interest rate on the liability component of both issues for the years ended December 31, 2011, 2010 and 2009 was 6.21%.

Debt Covenants

In connection with the Company’s installment note and the $450 million revolving credit facility, covenants must be met, including ratios based on the facility’s definition of EBITDA ("Covenant EBITDA"). Covenant EBITDA consists of earnings from continuing operations before the cumulative effect of accounting changes and any provision for dispositions, income taxes, interest expense, depreciation, depletion, amortization and the non-cash cost basis of real estate sold. The Company’s dividend restriction covenant limits the sum of dividends in any period of four fiscal quarters to 90 percent of Covenant Funds from Operations ("Covenant FFO") plus the aggregate amount of dividends permitted under Covenant FFO in excess of the amount of dividends paid during the prior four fiscal quarters. Covenant FFO is defined as Consolidated Net Income excluding gains or losses from debt restructuring and investments in marketable securities plus depletion, depreciation and amortization and the non-cash cost basis of real estate sold. Under a covenant relating to the $112 million installment note, Rayonier Forest Resources ("RFR") may not incur additional debt unless, at the time of incurrence, and after giving pro forma effect to the receipt and application of the proceeds of such debt, RFR meets or exceeds a minimum ratio of cash flow to fixed charges. RFR’s ability to make certain quarterly distributions to Rayonier Inc. is limited to an amount equal to RFR’s "available cash," which consists of its opening cash balance plus proceeds from permitted borrowings. At December 31, 2011, the Company is in compliance with all covenants.

The covenants listed below, which are the most significant financial covenants in effect as of December 31, 2011, are calculated on a trailing 12-month basis:



	Covenant Requirement		Actual ratio		Favorable
Covenant EBITDA to consolidated interest expense should not be less than	2.50 to 1		9.79 to 1		7.29
Total debt to Covenant EBITDA should not exceed	4.00 to 1		1.72 to 1		2.28
RFR cash flow available for fixed charges to RFR fixed charges should not be less than	2.50 to 1		14.98 to 1		12.48
Dividends paid should not exceed 90 percent of Covenant FFO	90	%	46	%	44	%

In addition to the financial covenants listed above, the installment note, mortgage notes and credit facility include customary covenants that limit the incurrence of debt, the disposition of assets, and the making of certain payments between RFR and Rayonier, among others. An asset sales covenant in the RFR installment note related agreements requires the Company, subject to certain exceptions, to either reinvest cumulative timberland sale proceeds for individual sales greater than $10 million (the "excess proceeds") in timberland-related investments or, once the amount of excess proceeds not reinvested exceeds $50 million, to offer the note holders prepayment of the notes ratably in the amount of the excess proceeds. During March 2010, the excess proceeds exceeded the $50 million limit and as a result, repayment of $53 million was offered to the note holders. The note holders declined the offer and the excess proceeds were reset to zero. The amount of excess proceeds was $37.5 million and $27.2 million at December 31, 2011 and 2010, respectively.

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

Stockholders' Equity Note [Abstract]

Shareholders' Equity (Notes)

12 Months Ended

Dec. 31, 2011

Shareholders' Equity [Text Block]


12.	SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for each of the three years ended December 31, 2011 is shown below. The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for additional information.



	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Shareholders’ Equity
	Shares		Amount			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Shareholders’ Equity
Balance, December 31, 2008	118,221,646		$	527,302		$	509,931		$	(98,296	)	$	938,937
Net income	—		—			312,541			—			312,541
Dividends ($1.33 per share)	—		—			(158,486		)	—			(158,486		)
Issuance of shares under incentive stock plans	1,165,358		11,115			—			—			11,115
Equity portion of convertible debt (Note 11)	—		8,850			—			—			8,850
Warrants and hedge, net (Note 11)	—		(2,391		)	—			—			(2,391		)
Stock-based compensation	—		15,754			—			—			15,754
Excess tax benefit on stock-based compensation	—		2,720			—			—			2,720
Repurchase of common shares	(74,043	)	(1,388		)	—			—			(1,388		)
Net gain from pension and postretirement plans	—		—			—			4,879			4,879
Foreign currency translation adjustment	—		—			—			15,980			15,980
Joint venture cash flow hedges	—		—			—			(2,305		)	(2,305		)
Balance, December 31, 2009	119,312,961		$	561,962		$	663,986		$	(79,742	)	$	1,146,206
Net income	—		—			217,586			—			217,586
Dividends ($1.36 per share)	—		—			(164,514		)	—			(164,514		)
Issuance of shares under incentive stock plans	1,914,341		26,314			—			—			26,314
Stock-based compensation	—		15,223			—			—			15,223
Excess tax benefit on stock-based compensation	—		5,411			—			—			5,411
Repurchase of common shares	(204,162	)	(6,028		)	—			—			(6,028		)
Net gain from pension and postretirement plans	—		—			—			6,385			6,385
Foreign currency translation adjustment	—		—			—			4,162			4,162
Joint venture cash flow hedges	—		—			—			837			837
Balance, December 31, 2010	121,023,140		$	602,882		$	717,058		$	(68,358	)	$	1,251,582
Net income	—		—			276,005			—			276,005
Dividends ($1.52 per share)	—		—			(186,828		)	—			(186,828		)
Issuance of shares under incentive stock plans	1,220,731		13,451			—			—			13,451
Stock-based compensation	—		16,181			—			—			16,181
Excess tax benefit on stock-based compensation	—		5,681			—			—			5,681
Repurchase of common shares	(208,694	)	(7,909		)	—			—			(7,909		)
Net loss from pension and postretirement plans	—		—			—			(46,263		)	(46,263		)
Foreign currency translation adjustment	—		—			—			3,546			3,546
Joint venture cash flow hedges	—		—			—			(2,373		)	(2,373		)
Balance, December 31, 2011	122,035,177		$	630,286		$	806,235		$	(113,448	)	$	1,323,073

The table below summarizes the tax characteristics of the cash dividend paid to shareholders for the three years ended December 31, 2011:



	2011		2010		2009
Capital gain	$	1.52	$	1.36	$	1.03
Non-taxable return of capital	—		—		0.30
Total cash dividend per common share	$	1.52	$	1.36	$	1.33

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Article 4
-Section 08
-Paragraph d

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 1
-Section B
-Paragraph 7, 11A
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 129
-Paragraph 2, 3, 4, 5, 6, 7, 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 29, 30, 31
-Article 5

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.3-04)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187085-122770

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
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Reference 21: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

Reference 22: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 23: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income/(Loss) (Notes)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income/(Loss) [Text Block]


13.	ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

AOCI was comprised of the following as of December 31, 2011 and 2010:



	2011			2010
Foreign currency translation adjustments (a)	$	34,477		$	30,931
New Zealand joint venture cash flow hedges (b)	(3,841		)	(1,468		)
Unrecognized components of employee benefit plans, net of tax (c)	(144,084		)	(97,821		)
Total	$	(113,448	)	$	(68,358	)


(a)	During the year ended December 31, 2011, the increase in net foreign currency translation adjustments was due to the strengthening of the New Zealand dollar against the U.S. dollar.


(b)	Rayonier records its proportionate share of the JV’s cash flow hedges, as increases or decreases to "Investment in Joint Venture" with corresponding adjustments to "Accumulated other comprehensive loss" in the Company’s Consolidated Balance Sheets.


(c)	The increase in the unrecognized components of employee benefit plans was mainly due to actuarial losses resulting from a decrease in the discount rate from 5.25 percent as of December 31, 2010 to 4.20 percent as of December 31, 2011. See Note 20 — Employee Benefit Plans for additional information.

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14-26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6522872

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Other Income and Expenses [Abstract]

Other Operating Income, Net (Notes)

12 Months Ended

Dec. 31, 2011

Other Operating Income, Net [Text Block]


14.	OTHER OPERATING INCOME, NET

The following table provides the composition of Other operating income, net for the three years ended December 31:



	2011			2010			2009
Lease income, primarily for hunting	$	13,071		$	12,144		$	13,578
Other non-timber income	2,145			2,822			3,321
AFMC (Note 8)	—			—			205,229
Loss on sale or disposal of property plant & equipment (a)	(7,412		)	(871		)	(2,695		)
Environmental and disposition reserve adjustments (b)	(5,989		)	(3,201		)	(682		)
Miscellaneous income (expense), net	2,014			(375		)	2,421
Total	$	3,829		$	10,519		$	221,172

(a) 2011 included a $5.5 million write-off related to process equipment changes needed for the CSE project.

(b) 2011 included a $6.5 million increase in a disposition reserve for a closed mill site. For additional information, see Note 15 —Liabilities for Dispositions and Discontinued Operations.

Liabilities for Dispositions and Discontinued Operations (Notes)

12 Months Ended

Dec. 31, 2011

Liabilities of Disposal Group, Including Discontinued Operation [Abstract]

Liabilities for Dispositions and Discontinued Operations [Text Block]


15.	LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS

The Company’s dispositions and discontinued operations include its Port Angeles, Washington former dissolving pulp mill site, which was closed in 1997; Southern Wood Piedmont Company ("SWP"), which ceased operations in 1989 except for investigation and remediation activities; and other miscellaneous assets held for disposition. SWP owns or has liability for ten inactive former wood treating sites that are subject to the Resource Conservation and Recovery Act ("RCRA"), the Comprehensive Environmental Response, Compensation and Liability Act of 1980 and/or other similar federal or state statutes relating to the investigation and remediation of environmentally-impacted sites.

An analysis of activity in the liabilities for dispositions and discontinued operations for the three years ended December 31, 2011 follows:



	2011			2010			2009
Balance, January 1	$	93,160		$	98,591		$	104,575
Expenditures charged to liabilities	(9,209		)	(8,632		)	(8,095		)
Increase to liabilities	6,873			3,201			2,111
Balance, December 31	90,824			93,160			98,591
Less: Current portion	(9,931		)	(11,500		)	(10,648		)
Non-current portion	$	80,893		$	81,660		$	87,943

The Company discloses specific site liabilities where current estimates exceed 10 percent of the total liabilities for dispositions and discontinued operations at December 31, 2011. An analysis of the activity for the two years ended December 31, 2011 is as follows:



	Activity (in millions) as of December 31,
	2009					Increase (Reduction) to Liabilities			2010					Increase (Reduction) to Liabilities			2011
Sites	Liability		Expenditures			Increase (Reduction) to Liabilities			Liability		Expenditures			Increase (Reduction) to Liabilities			Liability
Augusta, Georgia	$	15.1	$	(1.3	)	$	1.1		$	14.9	$	(1.1	)	$	0.1		$	13.9
Spartanburg, South Carolina	14.9		(0.8		)	0.2			14.3		(1.0		)	1.4			14.7
East Point, Georgia	14.7		(1.1		)	(1.3		)	12.3		(1.3		)	—			11.0
Baldwin, Florida	8.4		(0.8		)	2.4			10.0		(0.8		)	0.5			9.7
Other SWP sites	35.4		(2.0		)	(1.6		)	31.8		(2.2		)	(3.3		)	26.3
Total SWP	88.5		(6.0		)	0.8			83.3		(6.4		)	(1.3		)	75.6
Port Angeles, Washington	4.4		(2.0		)	2.0			4.4		(2.2		)	7.1			9.3
All other sites	5.7		(0.6		)	0.4			5.5		(0.6		)	1.0			5.9
TOTAL	$	98.6	$	(8.6	)	$	3.2		$	93.2	$	(9.2	)	$	6.8		$	90.8

A brief description of each of these sites is as follows:

Augusta, Georgia — SWP operated a wood treatment plant at this site from 1928 to 1988. The majority of visually contaminated surface soils have been removed, and remediation activities currently consist of a groundwater recovery system. The site operates under a 10-year hazardous waste permit issued pursuant to RCRA, which expires in 2014. Current cost estimates could change if recovery or discharge volumes increase or decrease significantly, or if changes to current remediation activities are required in the future. Total spending-to-date as of December 31, 2011 was $66.5 million. The Company’s recorded liabilities cover its obligations for estimated remaining remedial and monitoring activities through 2031.

Spartanburg, South Carolina — SWP operated a wood treatment plant at this site from 1925 to 1989. Remediation activities include: (1) a recovery system and biological wastewater treatment plant, (2) an ozone-sparging system treating soil and groundwater and (3) an ion-exchange resin system treating groundwater. The cost estimate includes potential remediation of identified off-site areas which appear to have been impacted from a portion of the former operating plant. SWP is currently negotiating a consent decree with the South Carolina Department of Health and Environmental Control which will govern future investigatory and assessment activities at the site. Additional remedial actions may be required in the future. Therefore, current cost estimates could change. Total spending-to-date as of December 31, 2011 was $37.9 million. The Company’s recorded liabilities cover its obligations for estimated remaining remedial and monitoring activities through 2031.

East Point, Georgia — SWP operated a wood treatment plant at this site from 1908 to 1984. This site operates under a 10-year RCRA hazardous waste permit, which is currently in the renewal process. In 2009, SWP entered into a consent order with the Environmental Protection Division of the Georgia Department of Natural Resources which requires that SWP perform certain additional investigatory, analytical and potentially, remedial activity. Therefore, while active remedial measures are currently ongoing, additional remedial measures may be necessary in the future. Total spending-to-date as of December 31, 2011 was $20.0 million. The Company’s recorded liabilities cover its obligations for estimated remaining remedial and monitoring activities through 2031.

Baldwin, Florida — SWP operated a wood treatment plant at this site from 1954 to 1987. This site operates under a 10-year hazardous waste permit issued pursuant to RCRA, which expires in 2016. Visually contaminated surface soils have been removed, and current remediation activities primarily consist of a groundwater recovery system. Investigation and assessment of other potential areas of concern are ongoing in accordance with the facility's RCRA permit and additional remedial activities may be necessary in the future. Therefore, current cost estimates could change. Total spending-to-date as of December 31, 2011 was $19.7 million. The Company's recorded liabilities cover its obligations for estimated remaining remedial and monitoring activities through 2026.

Port Angeles, Washington — The Company operated a dissolving pulp mill at this site from 1930 until 1997. The site and the adjacent marine areas (a portion of Port Angeles harbor) have been in various stages of the assessment process under the Washington Model Toxics Control Act ("MTCA") since about 2000, and several voluntary interim soil clean-up actions have also been performed during this time. In 2010, the Company entered into an agreed order with the Washington Department of Ecology ('Ecology"), under which the MTCA investigatory, assessment and feasibility and alternatives study process will be completed on a set timetable, subject to approval of all reports and studies by Ecology. Upon completion of all work required under the agreed order and negotiation of an approved remedy, additional remedial measures for the site and adjacent marine areas may be necessary in the future. In 2011, an increase in the reserve of $7.1 million was recorded, with $6.5 million of the increase recorded as an expense in "other operating income, net" in the Consolidated Statements of Income and Comprehensive Income. Total spending-to-date as of December 31, 2011 was $39.5 million. The Company's recorded liabilities cover its obligations for estimated assessment, remediation and monitoring obligations that are deemed probable and estimable at this time.

The Company estimates that expenditures for environmental investigation, remediation, monitoring and other costs for all dispositions and discontinued operations will be approximately $10 million in 2012 and $8 million in 2013. Such costs will be charged against its liabilities for dispositions and discontinued operations, which include environmental investigation, remediation and monitoring costs. The Company believes established liabilities are sufficient for costs expected to be incurred over the next 20 years with respect to its dispositions and discontinued operations.

The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies.

Contingencies [Text Block]

Contingencies (Notes)

12 Months Ended

Dec. 31, 2011

CONTINGENCIES [Abstract]


16.	CONTINGENCIES

Rayonier is engaged in various legal actions, including certain environmental matters that are discussed more fully in Note 15 — Liabilities for Dispositions and Discontinued Operations.

The Company has been named as a defendant in various other lawsuits and claims arising in the normal course of business. While the Company has procured reasonable and customary insurance covering risks normally occurring in connection with its businesses, it has in certain cases retained some risk through the operation of self-insurance, primarily in the areas of workers’ compensation, property insurance and general liability. These other lawsuits and claims, either individually or in the aggregate, are not expected to have a material adverse effect on the Company’s financial position, results of operations, or cash flow.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Statement of Financial Accounting Standard (FAS)
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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Incentive Stock Plans [Text Block]

Guarantees (Notes)

12 Months Ended

Dec. 31, 2011

Guarantees [Abstract]

Guarantees [Text Block]


17.	GUARANTEES

The Company provides financial guarantees as required by creditors, insurance programs, and state and foreign governmental agencies. As of December 31, 2011, the following financial guarantees were outstanding:



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)	$	43,142	$	38,110
Guarantees (b)	2,555		43
Surety bonds (c)	6,159		1,362
Total financial commitments	$	51,856	$	39,515


(a)	Approximately $39 million of the standby letters of credit serve as credit support for industrial revenue bonds. The remaining letters of credit support various insurance related agreements, primarily workers’ compensation and pollution liability policy requirements. These letters of credit will expire at various dates during 2012 and will be renewed as required.

(b)

In conjunction with a timberland sale and note monetization in the first quarter of 2004, the Company issued a make-whole agreement pursuant to which it guaranteed $2.6 million of obligations of a special-purpose entity that was established to complete the monetization. At December 31, 2011, the Company has recorded a de minimus liability to reflect the fair market value of its obligation to perform under the make-whole agreement.


(c)	Rayonier issues surety bonds primarily to secure timber harvesting obligations in the State of Washington and to provide collateral for the Company’s workers’ compensation self-insurance program in that state. These surety bonds expire at various dates between 2012 and 2014 and are expected to be renewed as required.

Commitments (Notes)

12 Months Ended

Dec. 31, 2011

Commitments [Abstract]

Commitments [Text Block]


18.	COMMITMENTS

The Company leases certain buildings, machinery and equipment under various operating leases. Total rental expense for operating leases amounted to $3.3 million, $3.7 million and $3.4 million in 2011, 2010 and 2009, respectively. The Company also has long-term leases on certain timberlands in the Southern U.S. These leases typically have initial terms of approximately 30 to 65 years, with renewal provisions in some cases. Such leases are generally non-cancellable and require minimum annual rental payments. Total expenditures for long-term leases and deeds on timberlands amounted to $7.3 million, $7.2 million and $7.6 million in 2011, 2010 and 2009, respectively.

At December 31, 2011, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Total
2012	$	3,416	$	7,519	$	10,935
2013	2,943		7,498		10,441
2014	2,480		7,031		9,511
2015	1,446		6,812		8,258
2016	1,169		6,715		7,884
Thereafter through 2036	2,703		54,319		57,022
	$	14,157	$	89,894	$	104,051


(a)	The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index or Producer Price Index.

Incentive Stock Plans (Notes)

12 Months Ended

Dec. 31, 2011

Incentive Stock Plans [Abstract]


19.	INCENTIVE STOCK PLANS

At December 31, 2011, the Company had two stock-based employee compensation plans. The 1994 Rayonier Incentive Stock Plan ("the 1994 Plan") provided for the grant of incentive stock options, non-qualified stock options, stock appreciation rights, performance shares and restricted stock, subject to certain limitations. The Company no longer issues shares under the 1994 Plan. The Rayonier Incentive Stock Plan ("the Stock Plan") provides for up to 10.0 million shares to be granted for incentive stock options, non-qualified stock options, stock appreciation rights, performance shares, restricted stock and restricted stock units, subject to certain limitations. At December 31, 2011, a total of 2.2 million shares were available for future grants under the Stock Plan. Under the Stock Plan, shares available for issuance are reduced by 1 share for each option or right granted and by 2.27 shares for each performance share, restricted share or restricted stock unit granted. The Company issues new shares of stock upon the exercise of stock options, the granting of restricted stock, and the vesting of performance shares.

Total stock-based compensation cost recorded in "Selling and general expenses" was $16.2 million, $14.9 million and $15.4 million for the years ended December 31, 2011, 2010 and 2009, respectively. For the years ended December 31, 2011, 2010 and 2009, stock-based compensation expense of $0, $0.3 million and $0.4 million, respectively, was recorded in "Cost of sales."

Tax benefits recognized related to stock-based compensation expense for the three years ended December 31, 2011 were $4.3 million, $4.2 million and $3.6 million, respectively.

Fair Value Calculations by Award

Restricted Stock

Restricted stock granted under the Stock Plan generally vests upon completion of a one to three year period. The fair value of each share granted is equal to the share price of the Company’s stock on the date of grant. As of December 31, 2011, there was $0.7 million of unrecognized compensation cost related to the Company’s outstanding restricted stock. This cost is expected to be recognized over a weighted average period of 0.6 years.

A summary of the Company’s restricted shares is presented below:



	2011		2010		2009
Restricted shares granted	20,535		42,180		22,907
Weighted average price of restricted shares granted	$	43.55	$	29.91	$	24.50
(Amounts in millions)
Intrinsic value of restricted stock outstanding (a)	$	3.4	$	4.9	$	5.9
Fair value of restricted stock vested	$	2.6	$	3.2	$	0.6
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	0.8	$	0.8	$	—

(a) Intrinsic value of restricted stock outstanding is based on the market price of the Company's stock at December 31, 2011.



	2011
	Number of Shares		Weighted Average Grant Date Fair Value
Non-vested Restricted Shares at January 1,	140,675		$	30.09
Granted	20,535		43.55
Vested	(85,025	)	30.25
Non-vested Restricted Shares at December 31,	76,185		33.55

Performance Share Units

The Company’s performance share units generally vest upon completion of a three-year period. The number of shares, if any, that are ultimately awarded is contingent upon Rayonier’s total shareholder return versus selected peer group companies. The performance share payout is based on a market condition and as such, the awards are valued using a Monte Carlo simulation model. The model generates the fair value of the award at the grant date, which is then amortized over the vesting period.

The Stock Plan allows for the cash settlement of the minimum required withholding tax on performance share unit awards. As of December 31, 2011, there was $11.4 million of unrecognized compensation cost related to the Company’s performance share unit awards. This cost is expected to be recognized over a weighted average period of 1.3 years.

A summary of the Company's performance share units is presented below:



	2011		2010		2009
Common shares of Company stock reserved for performance shares	470,820		606,180		916,362
Weighted average fair value of performance share units granted	$	51.57	$	39.25	$	21.76
(Amounts in millions)
Intrinsic value of outstanding performance share units (a)	$	46.0	$	40.3	$	34.3
Fair value of performance shares vested	$	9.9	$	19.7	$	16.0
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	7.1	$	5.3	$	1.4

(a) Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2011.



	2011
	Number of Units		Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1,	1,150,532		$	29.74
Granted	235,410		51.57
Units Distributed	(358,737	)	32.64
Cancelled/Adjustments	2,870		32.64
Outstanding Performance Share units at December 31,	1,030,075		33.73

Expected volatility and dividend yield were estimated using daily returns on the Company’s common stock for the three-year period ending on the grant date. The following chart provides a tabular overview of the assumptions used in calculating the fair value of the awards granted for the three years ended December 31, 2011:



	2011			2010			2009
Expected volatility	51.3	%		51.7	%		43.6	%
Dividend yield	n/a		(a)	n/a		(a)	6.4	%
Risk-free rate	1.0	%	(b)	1.4	%	(b)	1.1	%

(a) The 2011 and 2010 awards receive dividend equivalents, so the dividend yield was not used to calculate the fair value.

(b) Based on the 3-year U.S. treasury rate on the date of the award.

Non-Qualified Employee Stock Options

The exercise price of each non-qualified stock option granted under both the 1994 and Stock Plans are equal to the closing market price of the Company’s stock on the grant date. Under the 1994 Plan, the maximum term is 10 years and two days from the grant date while under the Stock Plan, the maximum term is 10 years from the grant date. Awards vest ratably over three years. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. The expected volatility is based on historical volatility for each grant and is calculated using the historical change in the daily market price of the Company’s common stock over the expected life of the award. The expected life is based on prior exercise behavior. The Company has elected to value each grant in total and recognize the expense for stock options on a straight-line basis over three years.

The following chart provides a tabular overview of the weighted average assumptions and related fair value calculations of options granted for the three years ended December 31, 2011:



	2011			2010			2009
Expected volatility	38.2		%	37.8		%	34.1		%
Dividend yield	3.9		%	4.7		%	6.6		%
Risk-free rate	2.6		%	3.2		%	1.9		%
Expected life (in years)	6.5			6.7			6.6
Fair value per share of options granted	$	9.99		$	7.07		$	3.15
Fair value of options granted (in millions)	3.0			2.8			2.3

A summary of the status of the Company’s stock options as of and for the year ended December 31, 2011 is presented below:



	2011
	Number of Shares		Weighted Average Exercise Price (per common share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Options outstanding at January 1,	2,633,158		$	24.90
Granted	296,490		37.05
Exercised	(572,283	)	23.61
Cancelled	(10,914	)	27.47
Options outstanding at December 31,	2,346,451		$	26.77	6.3	$	41.9
Options vested and expected to vest	2,344,871		$	26.77	6.3	$	41.9
Options exercisable at December 31,	1,711,739		$	25.80	5.7	$	32.2

A summary of additional information pertaining to the Company’s stock options is presented below:



	2011		2010		2009
(Amounts in millions)
Intrinsic value of options exercised (a)	$	10.4	$	15.6	$	12.0
Fair value of options vested	$	2.5	$	2.4	$	2.5

(a) Intrinsic value of options exercised is the amount by which the fair value of the stock on the exercise date exceeded the exercise price of the option.

As of December 31, 2011, there was $2.0 million of unrecognized compensation cost related to the Company’s stock options. This cost is expected to be recognized over a weighted average period of 1.0 year.

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]

Employee Benefit Plans (Notes)

12 Months Ended

Dec. 31, 2011

Employee Benefit Plans [Text Block]


20.	EMPLOYEE BENEFIT PLANS

The Company has four qualified non-contributory defined benefit pension plans covering a significant majority of its employees and an unfunded plan that provides benefits in excess of amounts allowable under current tax law in the qualified plans. The Company closed enrollment in its pension plans to salaried employees hired after December 31, 2005, to Fernandina hourly employees hired after April 30, 2006, to Jesup hourly employees hired after March 4, 2009 and to Wood Products hourly employees hired after February 28, 2011. Currently, all plans are closed to new participants. Employee benefit plan liabilities are calculated using actuarial estimates and management assumptions. These estimates are based on historical information, along with certain assumptions about future events. Changes in assumptions, as well as changes in actual experience, could cause the estimates to change.

In September 2008, the Company changed its postretirement medical plan for active and retired salaried employees to shift retiree medical costs to the plan participants over a three year phase-out period. Accordingly, at the beginning of 2012, the Company’s intent is to no longer incur retiree medical costs for retired salary plan participants. The change was accounted for as a negative plan amendment and curtailment which resulted in a reduction to the retiree medical liability. The net impact of the reduction was an unrecognized gain in accumulated other comprehensive income of $7.7 million which was amortized over 1.9 years, the average remaining service period of the remaining active participants. As a result of the plan change, a gain of $2.4 million and $4.0 million was included in the Company’s net periodic benefit cost in 2010 and 2009, respectively.

The following tables set forth the change in the projected benefit obligation and plan assets and reconcile the funded status and the amounts recognized in the Consolidated Balance Sheets for the pension and postretirement benefit plans for the two years ended December 31:



	Pension						Postretirement
	2011			2010			2011			2010
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$	346,464		$	324,554		$	21,158		$	21,361
Service cost	6,782			6,196			673			587
Interest cost	18,087			17,740			972			1,029
Actuarial loss	58,208			11,766			3,934			965
Plan amendments	—			1,704			(631		)	—
Employee contributions	—			—			1,609			1,042
Benefits paid	(16,394		)	(15,496		)	(2,882		)	(3,826		)
Projected benefit obligation at end of year	$	413,147		$	346,464		$	24,833		$	21,158



Change in Plan Assets
Fair value of plan assets at beginning of year	$	302,464		$	231,686		$	—		$	—
Actual return on plan assets	8,977			35,636			—			—
Employer contributions	1,552			51,510			1,273			2,784
Employee contributions	—			—			1,609			1,042
Benefits paid	(16,394		)	(15,496		)	(2,882		)	(3,826		)
Other expense	(944		)	(872		)	—			—
Fair value of plan assets at end of year	$	295,655		$	302,464		$	—		$	—



Funded Status at End of Year:
Net accrued benefit cost	$	(117,492	)	$	(44,000	)	$	(24,833	)	$	(21,158	)



Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Noncurrent assets	$	—		$	3,032		$	—		$	—
Current liabilities	(1,626		)	(1,475		)	(1,262		)	(1,566		)
Noncurrent liabilities	(115,866		)	(45,557		)	(23,571		)	(19,592		)
Net amount recognized	$	(117,492	)	$	(44,000	)	$	(24,833	)	$	(21,158	)

Net gains or losses and prior service costs or credits recognized in other comprehensive income for the three years ended December 31 are as follows:



	Pension									Postretirement
	2011			2010			2009			2011			2010			2009
Net (losses) gains	$	(75,995	)	$	1,348		$	7,778		$	(3,934	)	$	(965	)	$	(533	)
Prior service cost	—			(1,704		)	(5,352		)	631			—			—

Net gains or losses and prior service costs or credits reclassified from other comprehensive income and recognized as a component of pension and postretirement expense for the three years ended December 31 are as follows:



	Pension						Postretirement
	2011		2010		2009		2011		2010			2009
Amortization of losses	$	10,372	$	6,456	$	6,196	$	570	$	3,357		$	5,841
Amortization of prior service cost (benefit)	1,359		1,657		1,830		69		(5,334		)	(9,480		)

Net losses and prior service costs or credits that have not yet been included in pension and postretirement expense for the two years ended December 31, which have been recognized as a component of AOCI are as follows:



	Pension						Postretirement
	2011			2010			2011			2010
Prior service (cost) credit	$	(8,370	)	$	(9,729	)	$	167		$	(532	)
Net losses	(191,761		)	(126,138		)	(10,500		)	(7,137		)
Deferred income tax benefit	62,797			43,056			3,583			2,659
AOCI	$	(137,334	)	$	(92,811	)	$	(6,750	)	$	(5,010	)

The accumulated benefit obligation for all of the Company’s defined benefit plans was $392.2 million and $329.3 million at December 31, 2011 and 2010, respectively.

For pension and postretirement plans with accumulated benefit obligations in excess of plan assets, the following table sets forth the projected and accumulated benefit obligations and the fair value of plan assets for the two years ended December 31:



	2011		2010
Projected benefit obligation	$	437,980	$	323,918
Accumulated benefit obligation	392,182		285,590
Fair value of plan assets	295,655		255,728

The following tables set forth the components of net pension and postretirement benefit cost that have been recognized during the three years ended December 31:



	Pension									Postretirement
	2011			2010			2009			2011		2010			2009
Components of Net Periodic Benefit Cost
Service cost	$	6,782		$	6,196		$	6,489		$	673	$	587		$	482
Interest cost	18,087			17,740			18,082			972		1,029			1,144
Expected return on plan assets	(25,819		)	(21,651		)	(21,427		)	—		—			—
Amortization of prior service cost (benefit)	1,359			1,657			1,830			69		(5,334		)	(9,480		)
Amortization of losses	10,372			6,456			6,196			570		3,357			5,841
Net periodic benefit cost (benefit)	$	10,781		$	10,398		$	11,170		$	2,284	$	(361	)	$	(2,013	)

The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2012 are as follows:



	Pension		Postretirement
Amortization of loss	$	16,185	$	526
Amortization of prior service cost	1,308		25
Total amortization of AOCI loss	$	17,493	$	551

The following table sets forth the principal assumptions inherent in the determination of benefit obligations and net periodic benefit cost of the pension and postretirement benefit plans as of December 31:



	Pension						Postretirement
	2011		2010		2009		2011		2010		2009
Assumptions used to determine benefit obligations at December 31:
Discount rate	4.20	%	5.25	%	5.80	%	4.10	%	5.10	%	5.50	%
Rate of compensation increase	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate	5.25	%	5.80	%	6.15	%	5.10	%	5.50	%	6.15	%
Expected long-term return on plan assets	8.50	%	8.50	%	8.50	%	—		—		—
Rate of compensation increase	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%

At December 31, 2011, the pension plans’ discount rate was 4.20 percent, which closely approximates interest rates on high quality, long-term obligations. Effective December 31, 2011, the expected return on plan assets remained at 8.5 percent, which is based on historical and expected long-term rates of return on broad equity and bond indices and consideration of the actual annualized rate of return. The Company’s external consultants utilize this information in developing assumptions for returns, risks and correlation of asset classes which are then used to establish the asset allocation ranges.

The following table sets forth the assumed health care cost trend rates at December 31:



	Postretirement
	2011		2010
Health care cost trend rate assumed for next year	8.00	%	8.50	%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2017		2017

Assumed health care cost trend rates have a significant effect on the amounts reported for the postretirement benefit plans. The following table shows the effect of a one percentage point change in assumed health care cost trends:



	1 Percent
Effect on:	Increase		Decrease
Total of service and interest cost components	$	171	$	(143	)
Accumulated postretirement benefit obligation	1,781		(1,533		)

Investment of Plan Assets

The Company’s pension plans’ asset allocation at December 31, 2011 and 2010, and target allocation ranges by asset category are as follows:



	Percentage of Plan Assets				Target Allocation Range
Asset Category	2011		2010		Target Allocation Range
Domestic equity securities	44	%	44	%	40-45%
International equity securities	20	%	23	%	20-30%
Domestic fixed income securities	28	%	25	%	25-30%
International fixed income securities	5	%	5	%	4-6%
Real estate fund	3	%	3	%	2-4%
Total	100	%	100	%

The Company's Pension and Savings Plan Committee and the Audit Committee of the Board of Directors oversee the pension plans’ investment program which is designed to maximize returns and provide sufficient liquidity to meet plan obligations while maintaining acceptable risk levels. The investment approach emphasizes diversification by allocating the plans’ assets among asset categories and selecting investment managers whose various investment methodologies will be minimally correlative with each other. Investments within the equity categories may include large capitalization, small capitalization and emerging market securities, while the international fixed income portfolio may include emerging markets debt. Pension assets did not include a direct investment in Rayonier common stock at December 31, 2011 or 2010.

Fair Value Measurements

The following table sets forth by level, within the fair value hierarchy (see Note 2 — Summary of Significant Accounting Policies for definition), the assets of the plans as of December 31, 2011 and 2010:



Asset Category	Fair Value at December 31, 2011 Level 1		Fair Value at December 31, 2010 Level 1
Domestic equity securities	$	128,834	$	130,274
International equity securities	57,728		68,878
Domestic fixed income securities	80,243		75,090
International fixed income securities	14,381		14,410
Real estate fund	9,846		8,986
Short-term investments	4,623		4,826
Total	$	295,655	$	302,464

The valuation methodology used for assets measured at fair value for these funds is the net asset value in an observable market. There have been no changes in the methodology used during the years ended December 31, 2011 and 2010.

Cash Flows

Expected benefit payments in future years are as follows:



	Pension Benefits		Postretirement Benefits
2012	$	17,607	$	1,262
2013	18,657		1,388
2014	19,745		1,483
2015	20,721		1,559
2016	21,773		1,651
2017 - 2021	123,358		8,281

The Company has no mandatory pension contribution requirements in 2012, but may make discretionary contributions.

Defined Contribution Plans

The Company provides defined contribution plans to all of its hourly and salaried employees. Company contributions charged to expense for these plans were $2.6 million, $2.4 million and $2.2 million for the years ended December 31, 2011, 2010 and 2009, respectively. Rayonier Hourly and Salaried Defined Contribution Plans include Rayonier common stock with a fair market value of $85.4 million and $66.4 million at December 31, 2011 and 2010, respectively.

As discussed above, all pension plans are currently closed to new employees. Employees not eligible for the pension plans are immediately eligible to participate in the Company’s 401(k) plan and receive an enhanced contribution. Company contributions related to this plan enhancement for the years ended December 31, 2011, 2010 and 2009 were $0.9 million, $0.6 million and $0.4 million, respectively.

The entire disclosure for pension and other postretirement benefits.

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Quarterly Financial Information Disclosure [Abstract]

Quarterly Results for 2011 and 2010 (UNAUDITED) (Notes)

12 Months Ended

Dec. 31, 2011

Quarterly Results for 2011 and 2010 (UNAUDITED) [Text Block]


21.	QUARTERLY RESULTS FOR 2011 and 2010 (UNAUDITED)

(Thousands of dollars, except per share amounts)



	Quarter Ended											Total Year
	March 31			June 30		Sept. 30			Dec. 31			Total Year
2011
Sales	$	357,731		$	357,397	$	385,091		$	388,423		$	1,488,642
Operating Income	87,578			79,073		108,310			81,325		(a)	356,286
Net Income	58,412			56,454		104,909		(b)	56,230		(a)	276,005
Basic EPS (e)	0.48			0.46		0.86			0.46			2.27
Diluted EPS (e)	0.47			0.45		0.84			0.45			2.20
2010
Sales	$	310,200		$	312,210	$	377,515		$	315,308		$	1,315,233
Operating Income	76,860		(c)	56,344		92,082			56,665			281,951
Net Income	56,953		(c)	38,558		62,904			59,171		(d)	217,586
Basic EPS (e)	0.48			0.32		0.52			0.49			1.81
Diluted EPS (e)	0.47			0.32		0.51			0.48			1.79


(a)	Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.


(b)	Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.


(c)	First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investment for further information.


(d)	Fourth quarter 2010 included a tax benefit of $24.3 million related to the CBPC. See Note 8 — Income Taxes.


(e)	The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for further information.

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

CONSOLIDATING FINANCIAL STATEMENTS [Abstract]

Consolidating Financial Statements (Notes)

12 Months Ended

Dec. 31, 2011

Consolidating Financial Statements [Text Block]


22.	CONSOLIDATING FINANCIAL STATEMENTS

The condensed consolidating financial information below follows the same accounting policies as described in the consolidated financial statements, except for the use of the equity method of accounting to reflect ownership interests in wholly-owned subsidiaries, which are eliminated upon consolidation, and the allocation of certain expenses of Rayonier Inc. incurred for the benefit of its subsidiaries.

In October 2007, TRS issued $300 million of 3.75% Senior Exchangeable Notes due 2012, and in August 2009 TRS issued $172.5 million of 4.50% Senior Exchangeable Notes due 2015. The notes for both transactions are non-callable and are guaranteed by Rayonier Inc. as the Parent Guarantor and Rayonier Operating Company LLC ("ROC") as the Subsidiary Guarantor. In connection with these exchangeable notes, the Company provides the following condensed consolidating financial information in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,374,090		$	263,808		$	(149,256	)	$	1,488,642
Costs and Expenses
Cost of sales	—		—			—			1,036,494			129,335			(92,097		)	1,073,732
Selling and general expenses	—		10,710			—			53,102			2,729			—			66,541
Other operating expense (income), net	—		117			—			10,181			(14,127		)	—			(3,829		)
	—		10,827			—			1,099,777			117,937			(92,097		)	1,136,444
Equity in income of New Zealand joint venture	—		—			—			726			3,362			—			4,088
OPERATING (LOSS) INCOME	—		(10,827		)	—			275,039			149,233			(57,159		)	356,286
Interest expense	621		(1,133		)	(49,555		)	766			(1,474		)	—			(50,775		)
Interest and miscellaneous income (expense), net	—		5,280			(4,508		)	(55,495		)	55,574			—			851
Equity in income from subsidiaries	275,384		281,892			170,048			—			—			(727,324		)	—
INCOME BEFORE INCOME TAXES	276,005		275,212			115,985			220,310			203,333			(784,483		)	306,362
Income tax benefit (expense)	—		172			19,733			(50,262		)	—			—			(30,357		)
NET INCOME	$	276,005	$	275,384		$	135,718		$	170,048		$	203,333		$	(784,483	)	$	276,005



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2010
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,234,254		$	225,524		$	(144,545	)	$	1,315,233
Costs and Expenses
Cost of sales	—		—			—			992,543			119,682			(122,126		)	990,099
Selling and general expenses	—		10,122			—			53,874			3,106			—			67,102
Other operating expense (income), net	—		385			—			3,184			(14,043		)	(45		)	(10,519		)
	—		10,507			—			1,049,601			108,745			(122,171		)	1,046,682
Equity in income of New Zealand joint venture	—		—			—			810			223			—			1,033
OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		(10,507		)	—			185,463			117,002			(22,374		)	269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—			—			7,697			4,670			—			12,367
OPERATING (LOSS) INCOME	—		(10,507		)	—			193,160			121,672			(22,374		)	281,951
Interest expense	—		239			(50,313		)	(256		)	(133		)	—			(50,463		)
Interest and miscellaneous income (expense), net	—		12,952			(4,309		)	(26,955		)	19,627			—			1,315
Equity in income from subsidiaries	217,586		221,578			137,471			—			—			(576,635		)	—
INCOME BEFORE INCOME TAXES	217,586		224,262			82,849			165,949			141,166			(599,009		)	232,803
Income tax (expense) benefit	—		(6,676		)	19,937			(28,478		)	—			—			(15,217		)
NET INCOME	$	217,586	$	217,586		$	102,786		$	137,471		$	141,166		$	(599,009	)	$	217,586



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2009
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,016,463		$	193,019		$	(40,915	)	$	1,168,567
Costs and Expenses
Cost of sales	—		—			—			831,167			129,165			(45,560		)	914,772
Selling and general expenses	—		11,349			—			47,953			3,331			—			62,633
Other operating expense (income), net	—		84			—			(204,268		)	(15,388		)	(1,600		)	(221,172		)
	—		11,433			—			674,852			117,108			(47,160		)	756,233
Equity in income (loss) of New Zealand joint venture	—		—			—			357			(3,183		)	—			(2,826		)
OPERATING (LOSS) INCOME	—		(11,433		)	—			341,968			72,728			6,245			409,508
Interest expense	—		(113		)	(47,761		)	64			(4,631		)	—			(52,441		)
Interest and miscellaneous income (expense), net	—		5,244			(3,832		)	(4,518		)	4,981			(65		)	1,810
Equity in income from subsidiaries	312,541		328,682			282,186			—			—			(923,409		)	—
INCOME BEFORE INCOME TAXES	312,541		322,380			230,593			337,514			73,078			(917,229		)	358,877
Income tax (expense) benefit	—		(9,839		)	18,831			(55,328		)	—			—			(46,336		)
NET INCOME	$	312,541	$	312,541		$	249,424		$	282,186		$	73,078		$	(917,229	)	$	312,541



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	8,977	$	59,976	$	7,398		$	2,252	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3		—		94,399			606		—			95,008
Inventory	—		—		—		133,300			—		(11,302		)	121,998
Intercompany interest receivable	—		—		—		—			3,848		(3,848		)	—
Income tax receivable	—		4		—		1,941			—		—			1,945
Prepaid and other current assets	—		2,324		808		34,996			8,820		—			46,948
Total current assets	—		11,308		60,784		272,034			15,526		(15,150		)	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		39,824			1,462,027		1,860			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551		—		456,754			2,247		—			461,552
INVESTMENT IN JOINT VENTURE	—		—		—		(11,006		)	80,225		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661		1,490,444		1,156,896		—			—		(3,886,001		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420		—		19,073		—			—		(223,493		)	—
OTHER ASSETS	—		26,850		6,491		702,087			6,856		(551,920		)	190,364
TOTAL ASSETS	$	1,443,081	$	1,531,153	$	1,243,244	$	1,459,693		$	1,566,881	$	(4,674,704	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,801	$	10	$	69,648		$	1,414	$	—		$	72,873
Current maturities of long-term debt	—		—		28,110		—			—		—			28,110
Accrued payroll and benefits	—		13,810		—		10,563			2,473		—			26,846
Accrued interest	8		246		5,442		739			609		—			7,044
Accrued customer incentives	—		—		—		10,369			—		—			10,369
Other current liabilities	—		1,859		—		13,133			8,086		—			23,078
Current liabilities for dispositions and discontinued operations	—		—		—		9,931			—		—			9,931
Total current liabilities	8		17,716		33,562		114,383			12,582		—			178,251
LONG-TERM DEBT	120,000		30,000		580,647		—			88,582		—			819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		80,893			—		—			80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		112,904		—		27,719			—		—			140,623
OTHER NON-CURRENT LIABILITIES	—		20,210		—		6,396			673		—			27,279
INTERCOMPANY PAYABLE	—		111,662		—		73,406			203,208		(388,276		)	—
TOTAL LIABILITIES	120,008		292,492		614,209		302,797			305,045		(388,276		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661		629,035		1,156,896			1,261,836		(4,286,428		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	1,531,153	$	1,243,244	$	1,459,693		$	1,566,881	$	(4,674,704	)	$	2,569,348



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2010
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Subsidiaries of Rayonier TRS Holdings Inc. (Non-guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	29,759	$	283,258	$	1,280		$	35,166		$	—		$	349,463
Accounts receivable, less allowance for doubtful accounts	—		1		—		81,288			1,351			—			82,640
Inventory	—		—		—		123,432			—			(13,397		)	110,035
Intercompany interest receivable	—		—		—		—			4,320			(4,320		)	—
Income tax receivable	—		1,750		—		19,984			—			—			21,734
Prepaid and other current assets	—		1,273		842		38,697			4,502			—			45,314
Total current assets	—		32,783		284,100		264,681			45,339			(17,717		)	609,186
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		37,398			1,098,870			1,663			1,137,931
NET PROPERTY, PLANT AND EQUIPMENT	—		2,819		—		380,577			1,711			197			385,304
INVESTMENT IN JOINT VENTURE	—		—		—		(12,282		)	80,765			—			68,483
INVESTMENT IN SUBSIDIARIES	1,251,582		1,392,465		987,381		—			—			(3,631,428		)	—
OTHER ASSETS	—		26,642		9,351		664,664			13,153			(551,061		)	162,749
TOTAL ASSETS	$	1,251,582	$	1,454,709	$	1,280,832	$	1,335,038		$	1,239,838		$	(4,198,346	)	$	2,363,653
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	823	$	20	$	55,052		$	2,090		$	—		$	57,985
Current maturities of long-term debt	—		—		93,057		—			—			—			93,057
Accrued payroll and benefits	—		13,507		—		9,590			2,369			—			25,466
Accrued interest	—		12		5,591		603			—			—			6,206
Accrued customer incentives	—		—		—		9,759			—			—			9,759
Other current liabilities	—		2,608		—		28,354			10,013			—			40,975
Current liabilities for dispositions and discontinued operations	—		—		—		11,500			—			—			11,500
Total current liabilities	—		16,950		98,668		114,858			14,472			—			244,948
LONG-TERM DEBT	—		—		675,103		—			—			—			675,103
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		81,660			—			—			81,660
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		63,759		—		2,576			—			—			66,335
OTHER NON-CURRENT LIABILITIES	—		19,811		—		23,552			662			—			44,025
INTERCOMPANY PAYABLE	—		102,607		—		125,011			(3,751		)	(223,867		)	—
TOTAL LIABILITIES	—		203,127		773,771		347,657			11,383			(223,867		)	1,112,071
TOTAL SHAREHOLDERS’ EQUITY	1,251,582		1,251,582		507,061		987,381			1,228,455			(3,974,479		)	1,251,582
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,251,582	$	1,454,709	$	1,280,832	$	1,335,038		$	1,239,838		$	(4,198,346	)	$	2,363,653



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2011
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	332,577		$	15,000		$	138,595		$	276,793		$	(614,104	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(270		)	—			(104,321		)	(39,931		)	—			(144,522		)
Purchase of timberlands	—			—			—			(24,366		)	(296,533		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			—			—			(42,894		)	—			—			(42,894		)
Intercompany purchase of real estate	—			—			—			(12,394		)	—			12,394			—
Change in restricted cash	—			—			—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(99,988		)	(35,828		)	—			—			155,075			—
Other	—			69			—			10,607			702			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(100,189		)	(35,828		)	(173,368		)	(327,439		)	167,469			(488,614		)
FINANCING ACTIVITIES
Issuance of debt	120,000			105,000			—			—			235,000			—			460,000
Repayment of debt	—			(75,000		)	(168,057		)	—			(256,000		)	—			(499,057		)
Dividends paid	(185,272		)	—			—			—			—			—			(185,272		)
Proceeds from the issuance of common shares	13,451			—			—			—			—			—			13,451
Excess tax benefits on stock-based compensation	—			—			—			5,681			—			—			5,681
Debt issuance costs	—			(675		)	(676		)	—			(676		)	—			(2,027		)
Repurchase of common shares	(7,909		)	—			—			—			—			—			(7,909		)
Issuance of intercompany notes	(204,420		)	—			(18,961		)	18,961			204,420			—			—
Intercompany distributions	—			(282,495		)	(14,760		)	15,632			(165,012		)	446,635			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(264,150		)	(253,170		)	(202,454		)	40,274			17,732			446,635			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			617			—			—			617
CASH AND CASH EQUIVALENTS
(Decrease) increase in cash and cash equivalents	—			(20,782		)	(223,282		)	6,118			(32,914		)	—			(270,860		)
Balance, beginning of year	—			29,759			283,258			1,280			35,166			—			349,463
Balance, end of year	$	—		$	8,977		$	59,976		$	7,398		$	2,252		$	—		$	78,603



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2010
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	177,502		$	30,000		$	307,384		$	181,333		$	(344,216	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(2,251		)	—			(103,421		)	(32,777		)	—			(138,449		)
Purchase of timberlands	—			—			—			—			(5,360		)	—			(5,360		)
Intercompany purchase of timberlands	—			—			—			—			(46,700		)	46,700			—
Intercompany purchase of real estate	—			—			—			(41,253		)	—			41,253			—
Change in restricted cash	—			—			—			—			(8,231		)	—			(8,231		)
Investment in Subsidiaries	—			—			145,975			—			—			(145,975		)	—
Other	—			—			—			11,589			(2,205		)	—			9,384
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(2,251		)	145,975			(133,085		)	(95,273		)	(58,022		)	(142,656		)
FINANCING ACTIVITIES
Issuance of debt	—			—			75,000			—			82,000			—			157,000
Repayment of debt	—			(5,000		)	(4,650		)	—			(87,000		)	—			(96,650		)
Dividends paid	(163,673		)	—			—			—			—			—			(163,673		)
Proceeds from the issuance of common shares	26,314			—			—			—			—			—			26,314
Excess tax benefits on stock-based compensation	—			—			—			5,411			—			—			5,411
Debt issuance costs	—			—			(561		)	—			—			—			(561		)
Repurchase of common shares	(6,028		)	—			—			—			—			—			(6,028		)
Intercompany distributions	—			(143,387		)	(30,000		)	(180,610		)	(48,241		)	402,238			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(143,387		)	(148,387		)	39,789			(175,199		)	(53,241		)	402,238			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(48		)	—			—			(48		)
CASH AND CASH EQUIVALENTS
Increase (decrease) in cash and cash equivalents	—			26,864			215,764			(948		)	32,819			—			274,499
Balance, beginning of year	—			2,895			67,494			2,228			2,347			—			74,964
Balance, end of year	$	—		$	29,759		$	283,258		$	1,280		$	35,166		$	—		$	349,463



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2009
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	135,985		$	144,143		$	38,000		$	133,320		$	185,400		$	(329,549	)	$	307,299
INVESTING ACTIVITIES
Capital expenditures	—			(4		)	—			(62,018		)	(32,239		)	2,594			(91,667		)
Change in restricted cash	—			—			—			—			1,399			—			1,399
Investment in Subsidiaries	—			—			37,362			—			—			(37,362		)	—
Other	—			—			—			(3,980		)	1,504			—			(2,476		)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(4		)	37,362			(65,998		)	(29,336		)	(34,768		)	(92,744		)
FINANCING ACTIVITIES
Issuance of debt	—			5,000			177,500			—			85,000			—			267,500
Repayment of debt	—			(20,000		)	(155,064		)	—			(132,579		)	—			(307,643		)
Dividends paid	(158,218		)	—			—			—			—			—			(158,218		)
Proceeds from the issuance of common shares	11,115			—			—			—			—			—			11,115
Excess tax benefits on stock-based compensation	—			—			—			2,720			—			—			2,720
Purchase of exchangeable note hedge	—			—			(23,460		)	—			—			—			(23,460		)
Proceeds from issuance of warrant	12,506			—			—			—			—			—			12,506
Debt issuance costs	—			—			(4,678		)	—			—			—			(4,678		)
Repurchase of common shares	(1,388		)	—			—			—			—			—			(1,388		)
Intercompany distributions	—			(135,985		)	(38,000		)	(79,332		)	(111,000		)	364,317			—
CASH USED FOR FINANCING ACTIVITIES	(135,985		)	(150,985		)	(43,702		)	(76,612		)	(158,579		)	364,317			(201,546		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			270			—			—			270
CASH AND CASH EQUIVALENTS
(Decrease) increase in cash and cash equivalents	—			(6,846		)	31,660			(9,020		)	(2,515		)	—			13,279
Balance, beginning of year	—			9,741			35,834			11,248			4,862			—			61,685
Balance, end of year	$	—		$	2,895		$	67,494		$	2,228		$	2,347		$	—		$	74,964

Rayonier Inc. may issue additional securities in the future and such securities may be guaranteed by certain subsidiaries of Rayonier as presented in the condensed consolidating financial statements below. The subsidiary guarantors column includes ROC, Rayonier Louisiana Timberlands LLC, Rayonier TRS Holdings Inc. and substantially all domestic subsidiaries of TRS Holdings Inc. The subsidiary non-guarantors consist of RFR, Rayonier Gulf Timberlands, LLC and foreign subsidiaries and other minor domestic subsidiaries of Rayonier Inc. In connection with these securities, the Company provides the following condensed consolidating financial information in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	1,254,352		$	383,546		$	(149,256	)	$	1,488,642
Costs and Expenses
Cost of sales	—		928,477			237,350			(92,095		)	1,073,732
Selling and general expenses	—		51,564			14,977			—			66,541
Other operating expense (income), net	—		13,493			(17,322		)	—			(3,829		)
	—		993,534			235,005			(92,095		)	1,136,444
Equity in income of New Zealand joint venture	—		—			4,088			—			4,088
OPERATING INCOME	—		260,818			152,629			(57,161		)	356,286
Interest expense	621		(49,922		)	(1,474		)	—			(50,775		)
Interest and miscellaneous (expense) income, net	—		(54,762		)	55,613			—			851
Equity in income from subsidiaries	275,384		148,848			—			(424,232		)	—
INCOME BEFORE INCOME TAXES	276,005		304,982			206,768			(481,393		)	306,362
Income tax expense	—		(29,598		)	(759		)	—			(30,357		)
NET INCOME	$	276,005	$	275,384		$	206,009		$	(481,393	)	$	276,005



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors				All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	1,139,271		—	$	320,507		$	(144,545	)	$	1,315,233
Costs and Expenses
Cost of sales	—		907,500				204,725			(122,126		)	990,099
Selling and general expenses	—		53,477				13,625			—			67,102
Other operating expense (income), net	—		5,362				(15,836		)	(45		)	(10,519		)
	—		966,339				202,514			(122,171		)	1,046,682
Equity in income of New Zealand joint venture	—		—				1,033			—			1,033
OPERATING INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		172,932				119,026			(22,374		)	269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—				12,367			—			12,367
OPERATING INCOME	—		172,932				131,393			(22,374		)	281,951
Interest expense	—		(50,330		)		(133		)	—			(50,463		)
Interest and miscellaneous (expense) income, net	—		(18,322		)		19,637			—			1,315
Equity in income from subsidiaries	217,586		126,904				—			(344,490		)	—
INCOME BEFORE INCOME TAXES	217,586		231,184				150,897			(366,864		)	232,803
Income tax expense	—		(13,598		)		(1,619		)	—			(15,217		)
NET INCOME	$	217,586	$	217,586			$	149,278		$	(366,864	)	$	217,586



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2009
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	975,906		$	233,576		$	(40,915	)	$	1,168,567
Costs and Expenses
Cost of sales	—		798,668			161,664			(45,560		)	914,772
Selling and general expenses	—		49,971			12,662			—			62,633
Other operating income, net	—		(204,029		)	(15,543		)	(1,600		)	(221,172		)
	—		644,610			158,783			(47,160		)	756,233
Equity in income of New Zealand joint venture	—		—			(2,826		)	—			(2,826		)
OPERATING INCOME	—		331,296			71,967			6,245			409,508
Interest expense	—		(47,810		)	(4,631		)	—			(52,441		)
Interest and miscellaneous (expense) income, net	—		(3,291		)	5,166			(65		)	1,810
Equity in income from subsidiaries	312,541		78,528			—			(391,069		)	—
INCOME BEFORE INCOME TAXES	312,541		358,723			72,502			(384,889		)	358,877
Income tax expense	—		(46,182		)	(154		)	—			(46,336		)
NET INCOME	$	312,541	$	312,541		$	72,348		$	(384,889	)	$	312,541



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—		$	58,132		$	20,471	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—			90,658			4,350		—			95,008
Inventory	—			132,323			977		(11,302		)	121,998
Intercompany interest receivable	—			—			3,848		(3,848		)	—
Income tax receivable	—			1,945			—		—			1,945
Prepaid and other current assets	—			37,421			9,527		—			46,948
Total current assets	—			320,479			39,173		(15,150		)	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—			117,243			1,384,608		1,860			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—			458,497			3,055		—			461,552
INVESTMENT IN JOINT VENTURE	—			—			69,219		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661			801,838			—		(2,040,499		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420			—			—		(204,420		)	—
OTHER ASSETS	—			710,663			31,622		(551,921		)	190,364
TOTAL ASSETS	$	1,443,081		$	2,408,720		$	1,527,677	$	(2,810,130	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—		$	65,732		$	7,141	$	—		$	72,873
Current maturities of long-term debt	—			28,110			—		—			28,110
Accrued payroll and benefits	—		—	23,070		—	3,776		—			26,846
Accrued interest	8		—	6,427		—	609		—			7,044
Accrued customer incentives	—		—	10,369		—	—		—			10,369
Other current liabilities	—			14,157			8,921		—			23,078
Current liabilities for dispositions and discontinued operations	—			9,931			—		—			9,931
Total current liabilities	8			157,796			20,447		—			178,251
LONG-TERM DEBT	120,000			610,647			88,582		—			819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—			80,893			—		—			80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS	—			140,623			—		—			140,623
OTHER NON-CURRENT LIABILITIES	—			25,894			1,385		—			27,279
INTERCOMPANY PAYABLE	—			154,206			214,997		(369,203		)	—
TOTAL LIABILITIES	120,008			1,170,059			325,411		(369,203		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073			1,238,661			1,202,266		(2,440,927		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081		$	2,408,720		$	1,527,677	$	(2,810,130	)	$	2,569,348



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2010
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	303,746	$	45,717	$	—		$	349,463
Accounts receivable, less allowance for doubtful accounts	—		76,193		6,447		—			82,640
Inventory	—		121,559		1,873		(13,397		)	110,035
Intercompany interest receivable	—		—		4,320		(4,320		)	—
Income tax receivable	—		21,734		—		—			21,734
Prepaid and other current assets	—		37,324		7,990		—			45,314
Total current assets	—		560,556		66,347		(17,717		)	609,186
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		37,398		1,098,870		1,663			1,137,931
NET PROPERTY, PLANT AND EQUIPMENT	—		382,700		2,407		197			385,304
INVESTMENT IN JOINT VENTURE	—		—		68,483		—			68,483
INVESTMENT IN SUBSIDIARIES	1,251,582		900,436		—		(2,152,018		)	—
OTHER ASSETS	—		674,610		39,200		(551,061		)	162,749
TOTAL ASSETS	$	1,251,582	$	2,555,700	$	1,275,307	$	(2,718,936	)	$	2,363,653
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	50,737	$	7,248	$	—		$	57,985
Current maturities of long-term debt	—		93,057		—		—			93,057
Accrued payroll and benefits	—		22,206		3,260		—			25,466
Accrued interest	—		6,206		—		—			6,206
Accrued customer incentives	—		9,759		—		—			9,759
Other current liabilities	—		29,806		11,169		—			40,975
Current liabilities for dispositions and discontinued operations	—		11,500		—		—			11,500
Total current liabilities	—		223,271		21,677		—			244,948
LONG-TERM DEBT	—		675,103		—		—			675,103
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		81,660		—		—			81,660
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		66,335		—		—			66,335
OTHER NON-CURRENT LIABILITIES	—		42,728		1,297		—			44,025
INTERCOMPANY PAYABLE	—		215,021		8,846		(223,867		)	—
TOTAL LIABILITIES	—		1,304,118		31,820		(223,867		)	1,112,071
TOTAL SHAREHOLDERS’ EQUITY	1,251,582		1,251,582		1,243,487		(2,495,069		)	1,251,582
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,251,582	$	2,555,700	$	1,275,307	$	(2,718,936	)	$	2,363,653



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	425,705		$	283,044		$	(559,888	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(105,184		)	(39,338		)	—			(144,522		)
Purchase of timberlands	—			(102,302		)	(218,597		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			(42,894		)	—			—			(42,894		)
Intercompany purchase of real estate	—			(12,394		)	—			12,394			—
Change in restricted cash	—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(22,259		)	—			41,518			—
Other	—			10,676			702			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(274,357		)	(248,910		)	53,912			(488,614		)
FINANCING ACTIVITIES
Issuance of debt	120,000			105,000			235,000			—			460,000
Repayment of debt	—			(243,057		)	(256,000		)	—			(499,057		)
Dividends paid	(185,272		)	—			—			—			(185,272		)
Proceeds from the issuance of common shares	13,451			—			—			—			13,451
Excess tax benefits on stock-based compensation	—			5,681			—			—			5,681
Debt issuance costs	—			(1,351		)	(676		)	—			(2,027		)
Repurchase of common shares	(7,909		)	—			—			—			(7,909		)
Issuance of intercompany notes	(204,420		)	—			204,420			—			—
Intercompany distributions	—			(263,235		)	(242,741		)	505,976			—
CASH USED FOR FINANCING ACTIVITIES	(264,150		)	(396,962		)	(59,997		)	505,976			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			617			—			617
CASH AND CASH EQUIVALENTS
Decrease in cash and cash equivalents	—			(245,614		)	(25,246		)	—			(270,860		)
Balance, beginning of year	—			303,746			45,717			—			349,463
Balance, end of year	$	—		$	58,132		$	20,471		$	—		$	78,603



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	441,039		$	190,545		$	(279,581	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(105,053		)	(33,396		)	—			(138,449		)
Purchase of timberlands	—			—			(5,360		)	—			(5,360		)
Intercompany purchase of timberlands	—			—			(46,700		)	46,700			—
Intercompany purchase of real estate	—			(41,253		)	—			41,253			—
Change in restricted cash	—			—			(8,231		)	—			(8,231		)
Other	—			11,589			(2,205		)	—			9,384
CASH USED FOR INVESTING ACTIVITIES	—			(134,717		)	(95,892		)	87,953			(142,656		)
FINANCING ACTIVITIES
Issuance of debt	—			75,000			82,000			—			157,000
Repayment of debt	—			(9,650		)	(87,000		)	—			(96,650		)
Dividends paid	(163,673		)	—			—			—			(163,673		)
Proceeds from the issuance of common shares	26,314			—			—			—			26,314
Excess tax benefits on stock-based compensation	—			5,411			—			—			5,411
Debt issuance costs	—			(561		)	—			—			(561		)
Repurchase of common shares	(6,028		)	—			—			—			(6,028		)
Intercompany distributions	—			(143,387		)	(48,241		)	191,628			—
CASH USED FOR FINANCING ACTIVITIES	(143,387		)	(73,187		)	(53,241		)	191,628			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(48		)	—			(48		)
CASH AND CASH EQUIVALENTS
Increase in cash and cash equivalents	—			233,135			41,364			—			274,499
Balance, beginning of year	—			70,611			4,353			—			74,964
Balance, end of year	$	—		$	303,746		$	45,717		$	—		$	349,463



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2009
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	135,985		$	240,338		$	180,555		$	(249,579	)	$	307,299
INVESTING ACTIVITIES
Capital expenditures	—			(61,998		)	(32,263		)	2,594			(91,667		)
Change in restricted cash	—			—			1,399			—			1,399
Other	—			(3,980		)	1,504			—			(2,476		)
CASH USED FOR INVESTING ACTIVITIES	—			(65,978		)	(29,360		)	2,594			(92,744		)
FINANCING ACTIVITIES
Issuance of debt	—			182,500			85,000			—			267,500
Repayment of debt	—			(175,064		)	(132,579		)	—			(307,643		)
Dividends paid	(158,218		)	—			—			—			(158,218		)
Proceeds from the issuance of common shares	11,115			—			—			—			11,115
Excess tax benefits on stock-based compensation	—			2,720			—			—			2,720
Purchase of exchangeable note hedge	—			(23,460		)	—			—			(23,460		)
Proceeds from issue of warrant	12,506			—			—			—			12,506
Debt issuance costs	—			(4,678		)	—			—			(4,678		)
Repurchase of common shares	(1,388		)	—			—			—			(1,388		)
Intercompany distributions	—			(135,985		)	(111,000		)	246,985			—
CASH USED FOR FINANCING ACTIVITIES	(135,985		)	(153,967		)	(158,579		)	246,985			(201,546		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			270			—			270
CASH AND CASH EQUIVALENTS
Increase (decrease) in cash and cash equivalents	—			20,393			(7,114		)	—			13,279
Balance, beginning of year	—			50,218			11,467			—			61,685
Balance, end of year	$	—		$	70,611		$	4,353		$	—		$	74,964

Schedule II - Valuation and Qualifying Accounts (Notes)

12 Months Ended

Dec. 31, 2011

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts [Text Block]

RAYONIER INC. AND SUBSIDIARIES

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2011, 2010, and 2009

(In Thousands)



Description	Balance at Beginning of Year		Charged to Cost and Expenses		Deductions (1)			Balance at End of Year
Allowance for doubtful accounts:
Year ended December 31, 2011	$	387	$	12	$	—		$	399
Year ended December 31, 2010	$	1,150	$	38	$	(801	)	$	387
Year ended December 31, 2009	$	1,130	$	408	$	(388	)	$	1,150


(1)	Primarily payments and adjustments to required reserves.

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of Rayonier and its subsidiaries, in which it has a majority ownership or controlling interest. All intercompany balances and transactions are eliminated. For income tax purposes, the Company files two U.S. federal income tax returns, one for REIT operations and a consolidated filing for TRS operations, as well as numerous state, local and foreign income tax returns.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and to disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. There are risks inherent in estimating and therefore actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents Cash and cash equivalents include time deposits with original maturities of three months or less.
Inventory	Inventory Inventories are valued at the lower of cost or market. The costs of manufactured performance fibers are determined on the first-in, first-out basis. Other products are valued on an average cost basis. Inventory costs include material, labor and manufacturing overhead. Physical counts of inventories are taken at least annually. The need for a provision for estimated losses from obsolete, excess or slow-moving inventories is reviewed periodically. HBU real estate properties that are expected to be sold within one year are included in inventory, while properties that are expected to be sold after one year are included in "Other assets."
Equity Method Investments	Equity Method Investments The Company accounts for its interest in its JV in accordance with generally accepted accounting principles under the equity method of accounting. Rayonier does not have a controlling financial interest but exerts significant influence over the JV’s operating policies as manager of the JV.
Timber	Timber Timber is stated at the lower of cost or market value. Costs relating to acquiring, planting and growing of timber including real estate taxes, lease rental payments, site preparation and direct support costs relating to facilities, vehicles and supplies are capitalized. We capitalize payroll costs only for time spent on these activities and do not capitalize interest or any other soft costs aside from those mentioned above. Such accumulated costs attributed to merchantable timber are charged to cost of goods sold (depletion) at the time the timber is harvested or when the underlying timberland is sold based on the relationship of timber sold to the estimated volume of currently merchantable timber. Upon the acquisition of timberland, the Company makes a determination on whether to combine the newly acquired merchantable timber with an existing depletion pool or to create a new separate pool. This determination is based on the geographic location of the new timber, the customers/markets that will be served and the species mix. If the acquisition is similar, the cost of the acquired timber is combined into an existing depletion pool and a new depletion rate is calculated for the pool. This determination and depletion rate adjustment normally occurs in the quarter following the acquisition, concurrent with the harvesting of the acquired timber.
Property, Plant, Equipment and Depreciation	Property, Plant, Equipment and Depreciation Property, plant and equipment additions are recorded at cost, including applicable freight, taxes, interest, construction and installation costs. Pulp mill assets are depreciated using the units-of-production method. The Company depreciates its non-production Performance Fiber assets, including office, lab and transportation equipment, using the straight-line depreciation method over 3 to 25 years. In addition, all of the assets at the Company’s sawmills are depreciated using the straight-line method over 3 to 15 years. Buildings and land improvements are depreciated using the straight-line method over 15 to 35 years and 5 to 30 years, respectively. Gains and losses on the retirement of assets are included in operating income. Long-lived assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Recoverability of assets that are held and used is measured by net undiscounted cash flows expected to be generated by the asset. If such assets are considered to be impaired, the impairment to be recognized is measured by the amount by which the carrying value exceeds the fair value of the assets, which is based on a discounted cash flow model. Assets to be disposed of are reported at the lower of the carrying amount or fair value less cost to sell.
Fair Value Measurements	Fair Value Measurements Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date. A three-level hierarchy that prioritizes the inputs used to measure fair value was established as follows: Level 1—Quoted prices in active markets for identical assets or liabilities. Level 2—Observable inputs other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data. Level 3—Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs. See Note 4 — Fair Value Measurements and Note 20 — Employee Benefit Plans for additional information on the Company’s fair value disclosures. Rayonier uses the following methods and assumptions in estimating the fair value of its financial instruments: Cash and cash equivalents — The carrying amount is equal to fair market value. Debt — The fair value of fixed rate debt is based upon quoted market prices for debt with similar terms and maturities.
Foreign Currency Translation	Foreign Currency Translation The functional currency of the Company’s New Zealand-based operations and its JV investment is the New Zealand dollar. All assets and liabilities are translated into U.S. dollars at the exchange rate in effect at the respective balance sheet dates with the resulting translation gain or loss recorded as a separate component of Accumulated Other Comprehensive Income/(Loss), ("AOCI"), within Shareholders’ Equity.
Financial Instruments	Financial Instruments The Company is exposed to various market risks, including changes in interest rates and commodity prices. The Company’s objective is to partially mitigate the economic impact of these market risks. Derivatives are used, as noted below, in accordance with policies and procedures approved by the Audit Committee of the Board of Directors and are managed by a senior executive committee, whose responsibilities include initiating, managing and monitoring resulting exposures. The Company does not enter into such financial instruments for trading or speculative purposes. Derivative financial instruments such as commodity swap agreements are recognized in the financial statements and measured at fair value regardless of the purpose or intent for holding them. Transactions that provide for the forward purchase or sale of raw materials are not included in the financial statements until physical delivery of the product, as these transactions are done in the normal course of business and qualify for the normal purchases and sales scope exception provided under generally accepted accounting principles. The Company periodically enters into commodity forward contracts to fix some of its fuel oil and natural gas costs at its Performance Fibers mills. The forward contracts partially mitigate the risk of a change in Performance Fibers margins resulting from an increase or decrease in fuel oil and natural gas prices. The Company’s commodity agreements do not qualify for hedge accounting and are marked to market. Gains or losses resulting from the valuation are recorded in "Other operating income, net." See Note 4 — Fair Value Measurements for additional information on the Company’s derivative financial instruments.
Revenue Recognition	Revenue Recognition The Company generally recognizes revenues when the following criteria are met: (i) persuasive evidence of an agreement exists, (ii) delivery has occurred, (iii) the Company’s price to the buyer is fixed and determinable, and (iv) collectibility is reasonably assured. Revenue from the sale of timber is recorded when title passes to the buyer. Timber sales are either sales of delivered logs or stumpage sales. Stumpage sales in the Atlantic, Gulf States and Northern regions are primarily made on a pay-as-cut basis. These contracts generally require a minimum 15 percent initial payment and title and risk of loss are transferred when the timber is cut. Sales of delivered logs generally do not require an initial payment and are made to third-party customers on open credit terms. Real estate sales are recorded when title passes, full payment or a minimum down payment of 25 percent is received and full collectibility is assured. If a down payment of less than 25 percent is received at closing or if full collectibility is not reasonably assured, the Company typically records revenue based on the installment method or cost recovery method. Revenue from domestic sales of Performance Fibers products is recorded when title passes which, depending on the contract, is either at time of shipment or when the customer receives goods. Foreign sales of Performance Fibers products are recorded when the customer or agent receives the goods and title passes. Lumber sales are recorded when the goods are shipped and title passes. The Company’s Other segment includes log trading sales. Revenue is recorded when the goods are received by the customer and title passes.
Environmental Costs	Environmental Costs Rayonier expenses environmental costs related to ongoing businesses resulting from current operations. Expenditures that meaningfully extend the life or increase the efficiency of operating assets are capitalized. The Company has established liabilities to assess, remediate and monitor sites related to dispositions or discontinued operations from which no current or future benefit is discernible. These obligations are established based on payments over the next 20 years and require significant estimates to determine the proper amount at any point in time. Generally, monitoring expense obligations are fixed once remediation projects are at or near completion. The projected period, from 2012 through 2031, reflects the time in which potential future costs are both estimable and probable. As new information becomes available, these cost estimates are updated and the Company adjusts its recorded liabilities appropriately. Environmental liabilities are accounted for on an undiscounted basis and are reflected in current and non-current "Liabilities for dispositions and discontinued operations" in the Consolidated Balance Sheets.
Income Taxes	Income Taxes The Company uses the asset and liability method of accounting for income taxes. Under this method, deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to differences between the financial statement carrying amounts of assets and liabilities and their respective tax bases, and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured pursuant to tax laws using rates expected to apply to taxable income in the years in which the temporary differences are expected to be recovered or settled. The Company recognizes the effect of a change in income tax rates on deferred tax assets and liabilities in the Consolidated Statement of Income and Comprehensive Income in the period that includes the enactment date of the rate change. The Company records a valuation allowance to reduce the carrying amounts of deferred tax assets if it is more likely than not that such deferred tax assets will not be realized. In determining the provision for income taxes, the Company computes an annual effective income tax rate based on annual income by legal entity, permanent differences between book and tax, and statutory income tax rates by jurisdiction. Inherent in the effective tax rate is an assessment of the ultimate outcome of uncertain tax positions. The Company adjusts its annual effective tax rate as additional information on outcomes or events becomes available. Discrete items such as taxing authority examination findings are recognized in the period in which they occur. The Company’s income tax returns are subject to audit by U.S. federal, state and foreign taxing authorities. In evaluating the tax benefits associated with various tax filing positions, the Company records a tax benefit for an uncertain tax position if it is more-likely-than-not to be realized upon ultimate settlement of the issue. The Company records a liability for an uncertain tax position that does not meet this criterion. The Company adjusts its liabilities for unrecognized tax benefits in the period in which it is determined the issue is settled with the taxing authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position or when new facts or information becomes available. Liabilities for unrecognized tax benefits are included in "Other current liabilities" and "Other non-current liabilities" in the Company’s Consolidated Balance Sheets. See Note 8 — Income Taxes for additional information.
Reclassifications	Reclassifications Certain 2010 and 2009 amounts have been reclassified to agree with the current year presentation.
Segment Reporting	Operating income (loss) as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations.
Earnings Per Common Share	Basic earnings per share ("EPS") is calculated by dividing net income by the weighted average number of common shares outstanding during the year. Diluted EPS is calculated by dividing net income by the weighted average number of common shares outstanding adjusted to include the potentially dilutive effect of outstanding stock options, performance shares, restricted shares and convertible debt.
Employee Benefit Plans	At December 31, 2011, the pension plans’ discount rate was 4.20 percent, which closely approximates interest rates on high quality, long-term obligations. Effective December 31, 2011, the expected return on plan assets remained at 8.5 percent, which is based on historical and expected long-term rates of return on broad equity and bond indices and consideration of the actual annualized rate of return. The Company’s external consultants utilize this information in developing assumptions for returns, risks and correlation of asset classes which are then used to establish the asset allocation ranges.
Consolidating Financial Statements	The condensed consolidating financial information below follows the same accounting policies as described in the consolidated financial statements, except for the use of the equity method of accounting to reflect ownership interests in wholly-owned subsidiaries, which are eliminated upon consolidation, and the allocation of certain expenses of Rayonier Inc. incurred for the benefit of its subsidiaries.
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive Stock Plans	Restricted Stock Restricted stock granted under the Stock Plan generally vests upon completion of a one to three year period. The fair value of each share granted is equal to the share price of the Company’s stock on the date of grant. As of December 31, 2011, there was $0.7 million of unrecognized compensation cost related to the Company’s outstanding restricted stock. This cost is expected to be recognized over a weighted average period of 0.6 years.
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive Stock Plans	Performance Share Units The Company’s performance share units generally vest upon completion of a three-year period. The number of shares, if any, that are ultimately awarded is contingent upon Rayonier’s total shareholder return versus selected peer group companies. The performance share payout is based on a market condition and as such, the awards are valued using a Monte Carlo simulation model. The model generates the fair value of the award at the grant date, which is then amortized over the vesting period. The Stock Plan allows for the cash settlement of the minimum required withholding tax on performance share unit awards. As of December 31, 2011, there was $11.4 million of unrecognized compensation cost related to the Company’s performance share unit awards. This cost is expected to be recognized over a weighted average period of 1.3 years.
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Incentive Stock Plans	Non-Qualified Employee Stock Options The exercise price of each non-qualified stock option granted under both the 1994 and Stock Plans are equal to the closing market price of the Company’s stock on the grant date. Under the 1994 Plan, the maximum term is 10 years and two days from the grant date while under the Stock Plan, the maximum term is 10 years from the grant date. Awards vest ratably over three years. The fair value of each option grant is estimated on the date of grant using the Black-Scholes option-pricing model. The expected volatility is based on historical volatility for each grant and is calculated using the historical change in the daily market price of the Company’s common stock over the expected life of the award. The expected life is based on prior exercise behavior. The Company has elected to value each grant in total and recognize the expense for stock options on a straight-line basis over three years.

Segment and Geographical Information (Tables)

12 Months Ended

Dec. 31, 2011

Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract]

Schedule of Segment Reporting Information, by Segment [Table Text Block]

Segment information for each of the three years ended December 31, 2011 follows (in millions of dollars):



	Sales
	2011			2010			2009
Forest Resources	$	215		$	177		$	159
Real Estate	71			96			101
Performance Fibers	1,020			881			839
Wood Products	68			68			51
Other Operations	122			102			38
Intersegment Eliminations (a)	(7		)	(9		)	(19		)
Total	$	1,489		$	1,315		$	1,169


(a)	Intersegment eliminations reflect sales from our Forest Resources segment to our Performance Fibers segment.



	Operating Income/(Loss)
	2011			2010			2009
Forest Resources	$	47		$	33		$	7
Real Estate	47			53			56
Performance Fibers	298			214			184
Wood Products	(2		)	2			(11		)
Other Operations	1			1			(3		)
Corporate and other (a)	(35		)	(21		)	177
Total	$	356		$	282		$	410


(a)	2011 included a $7 million increase in a disposition reserve. 2010 included a $12 million gain from the sale of a portion of the Company's interest in its New Zealand JV. 2009 included $205 million related to the AFMC. See Note 15 — Liabilities for Dispositions and Discontinued Operations, Note 5 — Joint Venture Investment and Note 8 — Income Taxes for additional information.



	Gross Capital Expenditures
	2011		2010		2009
Forest Resources (a)	$	468	$	41	$	32
Performance Fibers (b)	140		98		59
Wood Products	3		1		1
Corporate and other	2		4		—
Total Assets Acquired	$	613	$	144	$	92
Less: Assumption of loan for timberlands acquisition	105		—		—
Total Capital Expenditures	$	508	$	144	$	92


(a)	Included strategic timberland acquisitions of $426 million (including assumption of a $105 million loan), $5 million and $0 in 2011, 2010 and 2009, respectively.

(b) Included $43 million of strategic capital expenditures related to the Jesup mill CSE in 2011.



	Depreciation, Depletion and Amortization
	2011		2010		2009
Forest Resources	$	63	$	59	$	70
Real Estate	12		22		24
Performance Fibers	56		58		58
Wood Products	3		3		5
Corporate and other	2		1		1
Total	$	136	$	143	$	158



	Identifiable Assets
	2011		2010
Forest Resources	$	1,604	$	1,260
Real Estate	103		86
Performance Fibers	646		551
Wood Products	21		20
Other Operations	25		26
Corporate and other	170		421
Total	$	2,569	$	2,364



	Sales by Product Line
	2011		2010		2009
Forest Resources	$	215	$	177	$	159
Real Estate
Development	4		3		3
Rural	33		28		32
Non-Strategic Timberlands	34		65		66
Total Real Estate	71		96		101
Performance Fibers
Cellulose specialties	824		686		658
Absorbent materials	196		195		181
Total Performance Fibers	1,020		881		839
Wood Products	68		68		51
Other	115		93		19
Total Sales	$	1,489	$	1,315	$	1,169

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country [Table Text Block]



	Geographical Operating Information
	Sales						Operating Income (Loss)							Identifiable Assets
	2011		2010		2009		2011		2010		2009			2011		2010
United States	$	1,378	$	1,228	$	1,136	$	350	$	268	$	416		$	2,473	$	2,266
New Zealand	111		87		33		6		14		(6		)	95		97
All other	—		—		—		—		—		—			1		1
Total	$	1,489	$	1,315	$	1,169	$	356	$	282	$	410		$	2,569	$	2,364



	Sales by Destination
	2011		%	2010		%	2009		%
United States	$	737	49	$	693	53	$	626	53
China	277		19	213		16	189		16
Europe	173		12	152		12	159		14
Japan	159		11	129		10	107		9
Other Asia	55		4	49		4	30		3
Latin America	36		2	35		3	23		2
New Zealand	22		1	17		1	12		1
Canada	9		1	10		1	6		1
All other	21		1	17		—	17		1
Total Sales	$	1,489	100	$	1,315	100	$	1,169	100

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Table Text Block]

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2011

Fair Value Disclosures [Abstract]

The impact of derivative instruments and their location within the Consolidated Statements of Income and Comprehensive Income was as follows:



Derivatives not designated as hedging instruments	Location of Gain Recognized in Income	2011		2010		2009
Commodity swap agreements	Other operating income, net	$	—	$	—	$	1,286

Fair Value, by Balance Sheet Grouping [Table Text Block]



	2011						2010
Asset (liability)	Carrying Amount			Fair Value			Carrying Amount			Fair Value
Cash and cash equivalents	$	78,603		$	78,603		$	349,463		$	349,463
Current maturities of long-term debt	(28,110		)	(29,319		)	(93,057		)	(98,042		)
Long-term debt	(819,229		)	(994,851		)	(675,103		)	(783,080		)

Fair Value, Assets Measured on Recurring Basis [Table Text Block]

Assets measured at fair value on a recurring basis are summarized below:



Asset	Carrying Value at December 31, 2011		Level 2		Carrying Value at December 31, 2010		Level 2
Investment in special-purpose entity	$	2,690	$	2,690	$	2,879	$	2,879

Tabular disclosure of assets, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3).

Tabular disclosure of the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments, assets, and liabilities. Such certain disclosures about the financial instruments, assets, and liabilities include: (1) the fair value of the required items together with their carrying amounts (as appropriate) and (2) the methodology and assumptions used in developing such estimates of fair value.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 14
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15
-Subparagraph b-d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32
-Subparagraph a, c(1), c(2), c(3), d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 18
-Subparagraph c(2), d, e, f
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 19
-Subparagraph a, b, c(1), d(1)
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
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Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

The (provision for)/benefit from income taxes consisted of the following:



	2011			2010			2009
Current
U.S. federal	$	(26,893	)	$	973		$	(50,586	)
State	(624		)	(12		)	(1,493		)
Foreign	(342		)	(1,242		)	(517		)
	(27,859		)	(281		)	(52,596		)
Deferred
U.S. federal	(2,079		)	(14,554		)	4,829
State	(1,066		)	(1,283		)	567
Foreign	(32		)	69			839
	(3,177		)	(15,768		)	6,235
Changes in valuation allowance	679			832			25
Total	$	(30,357	)	$	(15,217	)	$	(46,336	)

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the U.S. federal statutory income tax rate to the actual income tax rate was as follows:



	2011		2010		2009
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
REIT income not subject to federal tax	(10.4	)	(16.8	)	(13.0	)
Income tax rate before non-routine items	24.6	%	18.2	%	22.0	%
Installment note prepayment	(3.7	)	—		—
Built-in gains tax holiday	(1.9	)	—		—
CBPC	—		(10.5	)	—
AFMC	—		—		(13.3	)
CBPC for AFMC exchange	(1.9	)	—		—
Taxing authority settlements and unrecognized tax benefit adjustments	(5.3	)	(1.1	)	4.6
Other	(1.9	)	(0.1	)	(0.4	)
Income tax rate as reported	9.9	%	6.5	%	12.9	%

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The nature of the temporary differences and the resulting net deferred tax asset (liability) for the two years ended December 31, were as follows:



	2011			2010
Gross deferred tax assets:
Liabilities for dispositions and discontinued operations	$	33,295		$	34,416
Pension, postretirement and other employee benefits	62,382			37,653
Foreign and state NOL carryforwards	17,796			18,225
Tax credit carryforwards	4,443			13,795
Other	13,615			18,726
Total gross deferred tax assets	131,531			122,815
Less: Valuation allowance	(18,811		)	(23,944		)
Total deferred tax assets after valuation allowance	112,720			98,871
Gross deferred tax liabilities:
Accelerated depreciation	(62,594		)	(65,683		)
Repatriation of foreign earnings	(5,030		)	(4,959		)
Other	(4,021		)	(5,309		)
Total gross deferred tax liabilities	(71,645		)	(75,951		)
Net deferred tax asset	$	41,075		$	22,920
Current portion of deferred tax asset	$	17,133		$	15,506
Noncurrent portion of deferred tax asset	30,211			14,190
Noncurrent portion of deferred tax liability	(6,269		)	(6,776		)
Net deferred tax asset	$	41,075		$	22,920

Summary of Operating Loss Carryforwards [Table Text Block]

Included above are the following foreign and state net operating loss ("NOL") and tax credit carryforwards as of December 31, 2011:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand NOL Carryforwards (a)	$	17,394	$	(4,870	)	None
State NOL Carryforwards (a)	226,889		(12,926		)	15 years
State and Foreign Tax Credits	3,418		(1,015		)	10 years
Cellulosic Biofuel Producer Credit	1,025		—			4 years
Total Valuation Allowance			$	(18,811	)

(a) Fully reserved at December 31, 2011.

Summary of Tax Credit Carryforwards [Table Text Block]

Included above are the following foreign and state net operating loss ("NOL") and tax credit carryforwards as of December 31, 2011:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand NOL Carryforwards (a)	$	17,394	$	(4,870	)	None
State NOL Carryforwards (a)	226,889		(12,926		)	15 years
State and Foreign Tax Credits	3,418		(1,015		)	10 years
Cellulosic Biofuel Producer Credit	1,025		—			4 years
Total Valuation Allowance			$	(18,811	)

(a) Fully reserved at December 31, 2011.

Summary of Income Tax Examinations [Table Text Block]

The following table provides detail of the tax years that remain open to examination by the IRS and other significant taxing jurisdictions:



Taxing Jurisdiction	Open Tax Periods
U.S. Internal Revenue Service	2008 – 2011
State of Alabama	2008 – 2011
State of Florida	2005 – 2011
State of Georgia	2008 – 2011
New Zealand Inland Revenue	2007 – 2011

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the beginning and ending unrecognized tax benefits for the three years ended December 31 is as follows:



	2011				2010			2009
Balance at January 1,	$	22,580			$	17,973		$	3,906
Decreases related to prior year tax positions	(16,000		)	(a)	(1,057		)	(533		)
Increases related to current year tax positions	—				5,780			16,000			(a)
Payments	—				(116		)	(1,400		)
Balance at December 31,	$	6,580			$	22,580		$	17,973

Tabular disclosure of tax positions taken in the tax returns filed or to be filed for which it is more likely than not that the tax position will not be sustained upon examination by taxing authorities (i.e., uncertain tax positions) and other types of income tax contingencies, including: (1) the policy on classification of interest and penalties; (2) a tabular reconciliation of the total amounts of unrecognized tax benefits at the beginning and end of the period; the total amount(s) of: (3) unrecognized tax benefits that, if recognized, would affect the effective tax rate, and (4) interest and penalties recognized in each of the income statement and balance sheet; (5) for positions for which it is reasonably possible that the total amounts unrecognized will significantly change within 12 months of the reporting date the: (i) nature of the uncertainty, (ii) nature of the event that could occur that would cause the change, and (iii) an estimate of the range of the reasonably possible change or a statement that an estimate of the range cannot be made; and (6) a description of tax years that remain subject to examination by major tax jurisdictions.

Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded.

Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

The following table provides details of the calculation of basic and diluted EPS for the three years ended December 31:



	2011		2010		2009
Net income	$	276,005	$	217,586	$	312,541
Shares used for determining basic earnings per common share	121,662,985		120,240,275		118,578,719
Dilutive effect of:
Stock options	702,693		593,768		549,147
Performance and restricted shares	982,951		1,034,319		902,585
Assumed conversion of Senior Exchangeable Notes (a)	1,895,762		—		—
Assumed conversion of warrants (a)	149,900		—		—
Shares used for determining diluted earnings per common share	125,394,291		121,868,362		120,030,451
Basic earnings per common share	$	2.27	$	1.81	$	2.63
Diluted earnings per common share	$	2.20	$	1.79	$	2.60

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]



	2011	2010	2009
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	161,786	308,421	1,449,029
Assumed conversion of exchangeable note hedges (a)	1,895,762	—	—
Total	2,057,548	308,421	1,449,029

Inventory (Tables)

12 Months Ended

Dec. 31, 2011

INVENTORY [Abstract]

Schedule of Inventory, Current [Table Text Block]

As of December 31, 2011 and 2010, Rayonier’s inventory included the following:



	2011		2010
Finished goods (a)	$	96,261	$	84,013
Work in progress	5,544		6,041
Raw materials	18,295		17,517
Manufacturing and maintenance supplies	1,898		2,464
Total inventory	$	121,998	$	110,035


(a)	Includes $8.3 million and $2.9 million of HBU real estate held for sale at December 31, 2011 and 2010, respectively.

Debt (Tables)

12 Months Ended

Dec. 31, 2011

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Rayonier’s debt consisted of the following at December 31, 2011 and 2010:



	2011			2010
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% (a)	$	294,622		$	288,135
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% (a)	163,525			161,358
Installment note due 2011 at a fixed interest rate of 8.49% (retired in December 2011)	—			93,057
Installment note due 2014 at a fixed interest rate of 8.64%	112,500			112,500
Mortgage notes due 2017 at fixed interest rates of 4.35% (b)	88,582			—
Pollution control and solid waste bonds due 2012-2020 at variable interest rates of 1.60% to 1.65% at December 31, 2011	38,110			38,110
Term loan due 2015 at a variable interest rate of 3.02% at December 31, 2010 (retired in March 2011)	—			75,000
Revolving credit facility borrowings due 2016 at variable interest rates of 1.34% to 1.35% at December 31, 2011	150,000			—
Total debt	847,339			768,160
Less: Current maturities of long-term debt	(28,110		)	(93,057		)
Long-term debt	$	819,229		$	675,103

Schedule of Maturities of Long-term Debt [Table Text Block]

Principal payments due during the next five years and thereafter are as follows:



2012 (a)	$	323,110
2013	—
2014	112,500
2015	172,500
2016	150,000
Thereafter	99,000
Total Debt	$	857,110

(a)


(b)	The mortgage notes due in 2017 were recorded at fair value, which increased the book value by $4.6 million as of December 31, 2011. Upon maturity the liability will be $84.0 million.

Schedule of Convertible Debt [Table Text Block]

The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2011 and 2010 are as follows:



	2011			2010
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes	$	172,500		$	172,500
3.75% Senior Exchangeable Notes	300,000			300,000
Unamortized discount
4.50% Senior Exchangeable Notes	(8,975		)	(11,142		)
3.75% Senior Exchangeable Notes	(5,378		)	(11,865		)
Net carrying amount of debt	$	458,147		$	449,493
Equity:
Common stock	$	28,092		$	28,092

Schedule of Interest Related to Convertible Debt [Table Text Block]

The amount of interest related to the convertible debt recognized in the Consolidated Statements of Income and Comprehensive Income for the three years ended December 31 is as follows:



	2011		2010		2009
Contractual interest coupon
4.50% Senior Exchangeable Notes	$	7,763	$	7,763	$	2,911
3.75% Senior Exchangeable Notes	11,250		11,250		11,250
Amortization of debt discount
4.50% Senior Exchangeable Notes	2,167		2,045		750
3.75% Senior Exchangeable Notes	6,487		6,115		5,767
Total interest expense recognized	$	27,667	$	27,173	$	20,678

Schedule of Debt Covenants [Table Text Block]

The covenants listed below, which are the most significant financial covenants in effect as of December 31, 2011, are calculated on a trailing 12-month basis:



	Covenant Requirement		Actual ratio		Favorable
Covenant EBITDA to consolidated interest expense should not be less than	2.50 to 1		9.79 to 1		7.29
Total debt to Covenant EBITDA should not exceed	4.00 to 1		1.72 to 1		2.28
RFR cash flow available for fixed charges to RFR fixed charges should not be less than	2.50 to 1		14.98 to 1		12.48
Dividends paid should not exceed 90 percent of Covenant FFO	90	%	46	%	44	%

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 505
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
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-Paragraph 6
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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-Paragraph 8
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Stockholders' Equity Note [Abstract]

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2011

Schedule of Stockholders Equity [Table Text Block]



	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Shareholders’ Equity
	Shares		Amount			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Shareholders’ Equity
Balance, December 31, 2008	118,221,646		$	527,302		$	509,931		$	(98,296	)	$	938,937
Net income	—		—			312,541			—			312,541
Dividends ($1.33 per share)	—		—			(158,486		)	—			(158,486		)
Issuance of shares under incentive stock plans	1,165,358		11,115			—			—			11,115
Equity portion of convertible debt (Note 11)	—		8,850			—			—			8,850
Warrants and hedge, net (Note 11)	—		(2,391		)	—			—			(2,391		)
Stock-based compensation	—		15,754			—			—			15,754
Excess tax benefit on stock-based compensation	—		2,720			—			—			2,720
Repurchase of common shares	(74,043	)	(1,388		)	—			—			(1,388		)
Net gain from pension and postretirement plans	—		—			—			4,879			4,879
Foreign currency translation adjustment	—		—			—			15,980			15,980
Joint venture cash flow hedges	—		—			—			(2,305		)	(2,305		)
Balance, December 31, 2009	119,312,961		$	561,962		$	663,986		$	(79,742	)	$	1,146,206
Net income	—		—			217,586			—			217,586
Dividends ($1.36 per share)	—		—			(164,514		)	—			(164,514		)
Issuance of shares under incentive stock plans	1,914,341		26,314			—			—			26,314
Stock-based compensation	—		15,223			—			—			15,223
Excess tax benefit on stock-based compensation	—		5,411			—			—			5,411
Repurchase of common shares	(204,162	)	(6,028		)	—			—			(6,028		)
Net gain from pension and postretirement plans	—		—			—			6,385			6,385
Foreign currency translation adjustment	—		—			—			4,162			4,162
Joint venture cash flow hedges	—		—			—			837			837
Balance, December 31, 2010	121,023,140		$	602,882		$	717,058		$	(68,358	)	$	1,251,582
Net income	—		—			276,005			—			276,005
Dividends ($1.52 per share)	—		—			(186,828		)	—			(186,828		)
Issuance of shares under incentive stock plans	1,220,731		13,451			—			—			13,451
Stock-based compensation	—		16,181			—			—			16,181
Excess tax benefit on stock-based compensation	—		5,681			—			—			5,681
Repurchase of common shares	(208,694	)	(7,909		)	—			—			(7,909		)
Net loss from pension and postretirement plans	—		—			—			(46,263		)	(46,263		)
Foreign currency translation adjustment	—		—			—			3,546			3,546
Joint venture cash flow hedges	—		—			—			(2,373		)	(2,373		)
Balance, December 31, 2011	122,035,177		$	630,286		$	806,235		$	(113,448	)	$	1,323,073

Tax Characteristics of Cash Dividend [Table Text Block]

The table below summarizes the tax characteristics of the cash dividend paid to shareholders for the three years ended December 31, 2011:



	2011		2010		2009
Capital gain	$	1.52	$	1.36	$	1.03
Non-taxable return of capital	—		—		0.30
Total cash dividend per common share	$	1.52	$	1.36	$	1.33

Accumulated Other Comprehensive Income/(Loss) (Tables)

12 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

AOCI was comprised of the following as of December 31, 2011 and 2010:



	2011			2010
Foreign currency translation adjustments (a)	$	34,477		$	30,931
New Zealand joint venture cash flow hedges (b)	(3,841		)	(1,468		)
Unrecognized components of employee benefit plans, net of tax (c)	(144,084		)	(97,821		)
Total	$	(113,448	)	$	(68,358	)


(a)	During the year ended December 31, 2011, the increase in net foreign currency translation adjustments was due to the strengthening of the New Zealand dollar against the U.S. dollar.


(b)	Rayonier records its proportionate share of the JV’s cash flow hedges, as increases or decreases to "Investment in Joint Venture" with corresponding adjustments to "Accumulated other comprehensive loss" in the Company’s Consolidated Balance Sheets.


(c)	The increase in the unrecognized components of employee benefit plans was mainly due to actuarial losses resulting from a decrease in the discount rate from 5.25 percent as of December 31, 2010 to 4.20 percent as of December 31, 2011. See Note 20 — Employee Benefit Plans for additional information.

Other Operating Income, Net (Tables)

12 Months Ended

Dec. 31, 2011

Other Income and Expenses [Abstract]

Interest and Other Income [Table Text Block]

The following table provides the composition of Other operating income, net for the three years ended December 31:



	2011			2010			2009
Lease income, primarily for hunting	$	13,071		$	12,144		$	13,578
Other non-timber income	2,145			2,822			3,321
AFMC (Note 8)	—			—			205,229
Loss on sale or disposal of property plant & equipment (a)	(7,412		)	(871		)	(2,695		)
Environmental and disposition reserve adjustments (b)	(5,989		)	(3,201		)	(682		)
Miscellaneous income (expense), net	2,014			(375		)	2,421
Total	$	3,829		$	10,519		$	221,172

(a) 2011 included a $5.5 million write-off related to process equipment changes needed for the CSE project.

(b) 2011 included a $6.5 million increase in a disposition reserve for a closed mill site. For additional information, see Note 15 —Liabilities for Dispositions and Discontinued Operations.

Liabilities for Dispositions and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2011

Liabilities of Disposal Group, Including Discontinued Operation [Abstract]

Schedule of Change in Environmental Loss Contingencies [Table Text Block]

An analysis of activity in the liabilities for dispositions and discontinued operations for the three years ended December 31, 2011 follows:



	2011			2010			2009
Balance, January 1	$	93,160		$	98,591		$	104,575
Expenditures charged to liabilities	(9,209		)	(8,632		)	(8,095		)
Increase to liabilities	6,873			3,201			2,111
Balance, December 31	90,824			93,160			98,591
Less: Current portion	(9,931		)	(11,500		)	(10,648		)
Non-current portion	$	80,893		$	81,660		$	87,943

Schedule of Environmental Loss Contingencies by Site [Table Text Block]



	Activity (in millions) as of December 31,
	2009					Increase (Reduction) to Liabilities			2010					Increase (Reduction) to Liabilities			2011
Sites	Liability		Expenditures			Increase (Reduction) to Liabilities			Liability		Expenditures			Increase (Reduction) to Liabilities			Liability
Augusta, Georgia	$	15.1	$	(1.3	)	$	1.1		$	14.9	$	(1.1	)	$	0.1		$	13.9
Spartanburg, South Carolina	14.9		(0.8		)	0.2			14.3		(1.0		)	1.4			14.7
East Point, Georgia	14.7		(1.1		)	(1.3		)	12.3		(1.3		)	—			11.0
Baldwin, Florida	8.4		(0.8		)	2.4			10.0		(0.8		)	0.5			9.7
Other SWP sites	35.4		(2.0		)	(1.6		)	31.8		(2.2		)	(3.3		)	26.3
Total SWP	88.5		(6.0		)	0.8			83.3		(6.4		)	(1.3		)	75.6
Port Angeles, Washington	4.4		(2.0		)	2.0			4.4		(2.2		)	7.1			9.3
All other sites	5.7		(0.6		)	0.4			5.5		(0.6		)	1.0			5.9
TOTAL	$	98.6	$	(8.6	)	$	3.2		$	93.2	$	(9.2	)	$	6.8		$	90.8

Guarantees (Tables)

12 Months Ended

Dec. 31, 2011

Guarantees [Abstract]

Schedule of Guarantor Obligations [Table Text Block]



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)	$	43,142	$	38,110
Guarantees (b)	2,555		43
Surety bonds (c)	6,159		1,362
Total financial commitments	$	51,856	$	39,515


(a)	Approximately $39 million of the standby letters of credit serve as credit support for industrial revenue bonds. The remaining letters of credit support various insurance related agreements, primarily workers’ compensation and pollution liability policy requirements. These letters of credit will expire at various dates during 2012 and will be renewed as required.

(b)


(c)	Rayonier issues surety bonds primarily to secure timber harvesting obligations in the State of Washington and to provide collateral for the Company’s workers’ compensation self-insurance program in that state. These surety bonds expire at various dates between 2012 and 2014 and are expected to be renewed as required.

Tabular disclosure of each guarantee obligation, or each group of similar guarantee obligations, including (a) the nature of the guarantee, including its term, how it arose, and the events or circumstances that would require the guarantor to perform under the guarantee; (b) the maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee; (c) the current carrying amount of the liability, if any, for the guarantor's obligations under the guarantee; and (d) the nature of any recourse provisions under the guarantee, and any assets held either as collateral or by third parties, and any relevant related party disclosure. Excludes disclosures about product warranties.

Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]

Commitments (Tables)

12 Months Ended

Dec. 31, 2011

Commitments [Abstract]

At December 31, 2011, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Total
2012	$	3,416	$	7,519	$	10,935
2013	2,943		7,498		10,441
2014	2,480		7,031		9,511
2015	1,446		6,812		8,258
2016	1,169		6,715		7,884
Thereafter through 2036	2,703		54,319		57,022
	$	14,157	$	89,894	$	104,051


(a)	The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index or Producer Price Index.

Incentive Stock Plans (Tables)

12 Months Ended

Dec. 31, 2011

Incentive Stock Plans [Abstract]

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

The following chart provides a tabular overview of the weighted average assumptions and related fair value calculations of options granted for the three years ended December 31, 2011:



	2011			2010			2009
Expected volatility	38.2		%	37.8		%	34.1		%
Dividend yield	3.9		%	4.7		%	6.6		%
Risk-free rate	2.6		%	3.2		%	1.9		%
Expected life (in years)	6.5			6.7			6.6
Fair value per share of options granted	$	9.99		$	7.07		$	3.15
Fair value of options granted (in millions)	3.0			2.8			2.3

A summary of the status of the Company’s stock options as of and for the year ended December 31, 2011 is presented below:



	2011
	Number of Shares		Weighted Average Exercise Price (per common share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value (in millions)
Options outstanding at January 1,	2,633,158		$	24.90
Granted	296,490		37.05
Exercised	(572,283	)	23.61
Cancelled	(10,914	)	27.47
Options outstanding at December 31,	2,346,451		$	26.77	6.3	$	41.9
Options vested and expected to vest	2,344,871		$	26.77	6.3	$	41.9
Options exercisable at December 31,	1,711,739		$	25.80	5.7	$	32.2

A summary of additional information pertaining to the Company’s stock options is presented below:



	2011		2010		2009
(Amounts in millions)
Intrinsic value of options exercised (a)	$	10.4	$	15.6	$	12.0
Fair value of options vested	$	2.5	$	2.4	$	2.5

(a) Intrinsic value of options exercised is the amount by which the fair value of the stock on the exercise date exceeded the exercise price of the option.

Schedule of Nonvested Performance-based Units Activity [Table Text Block]

A summary of the Company's performance share units is presented below:



	2011		2010		2009
Common shares of Company stock reserved for performance shares	470,820		606,180		916,362
Weighted average fair value of performance share units granted	$	51.57	$	39.25	$	21.76
(Amounts in millions)
Intrinsic value of outstanding performance share units (a)	$	46.0	$	40.3	$	34.3
Fair value of performance shares vested	$	9.9	$	19.7	$	16.0
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	7.1	$	5.3	$	1.4

(a) Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2011.



	2011
	Number of Units		Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1,	1,150,532		$	29.74
Granted	235,410		51.57
Units Distributed	(358,737	)	32.64
Cancelled/Adjustments	2,870		32.64
Outstanding Performance Share units at December 31,	1,030,075		33.73



	2011			2010			2009
Expected volatility	51.3	%		51.7	%		43.6	%
Dividend yield	n/a		(a)	n/a		(a)	6.4	%
Risk-free rate	1.0	%	(b)	1.4	%	(b)	1.1	%

(a) The 2011 and 2010 awards receive dividend equivalents, so the dividend yield was not used to calculate the fair value.

(b) Based on the 3-year U.S. treasury rate on the date of the award.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]

A summary of the Company’s restricted shares is presented below:



	2011		2010		2009
Restricted shares granted	20,535		42,180		22,907
Weighted average price of restricted shares granted	$	43.55	$	29.91	$	24.50
(Amounts in millions)
Intrinsic value of restricted stock outstanding (a)	$	3.4	$	4.9	$	5.9
Fair value of restricted stock vested	$	2.6	$	3.2	$	0.6
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	0.8	$	0.8	$	—

(a) Intrinsic value of restricted stock outstanding is based on the market price of the Company's stock at December 31, 2011.



	2011
	Number of Shares		Weighted Average Grant Date Fair Value
Non-vested Restricted Shares at January 1,	140,675		$	30.09
Granted	20,535		43.55
Vested	(85,025	)	30.25
Non-vested Restricted Shares at December 31,	76,185		33.55

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2011

Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations [Table Text Block]



	Pension						Postretirement
	2011			2010			2011			2010
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$	346,464		$	324,554		$	21,158		$	21,361
Service cost	6,782			6,196			673			587
Interest cost	18,087			17,740			972			1,029
Actuarial loss	58,208			11,766			3,934			965
Plan amendments	—			1,704			(631		)	—
Employee contributions	—			—			1,609			1,042
Benefits paid	(16,394		)	(15,496		)	(2,882		)	(3,826		)
Projected benefit obligation at end of year	$	413,147		$	346,464		$	24,833		$	21,158

Schedule of Changes in Fair Value of Plan Assets [Table Text Block]



Change in Plan Assets
Fair value of plan assets at beginning of year	$	302,464		$	231,686		$	—		$	—
Actual return on plan assets	8,977			35,636			—			—
Employer contributions	1,552			51,510			1,273			2,784
Employee contributions	—			—			1,609			1,042
Benefits paid	(16,394		)	(15,496		)	(2,882		)	(3,826		)
Other expense	(944		)	(872		)	—			—
Fair value of plan assets at end of year	$	295,655		$	302,464		$	—		$	—

Schedule of Net Funded Status [Table Text Block]



Funded Status at End of Year:
Net accrued benefit cost	$	(117,492	)	$	(44,000	)	$	(24,833	)	$	(21,158	)

Schedule of Amounts Recognized in Balance Sheet [Table Text Block]



Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Noncurrent assets	$	—		$	3,032		$	—		$	—
Current liabilities	(1,626		)	(1,475		)	(1,262		)	(1,566		)
Noncurrent liabilities	(115,866		)	(45,557		)	(23,571		)	(19,592		)
Net amount recognized	$	(117,492	)	$	(44,000	)	$	(24,833	)	$	(21,158	)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss) [Table Text Block]

Net gains or losses and prior service costs or credits recognized in other comprehensive income for the three years ended December 31 are as follows:



	Pension									Postretirement
	2011			2010			2009			2011			2010			2009
Net (losses) gains	$	(75,995	)	$	1,348		$	7,778		$	(3,934	)	$	(965	)	$	(533	)
Prior service cost	—			(1,704		)	(5,352		)	631			—			—



	Pension						Postretirement
	2011		2010		2009		2011		2010			2009
Amortization of losses	$	10,372	$	6,456	$	6,196	$	570	$	3,357		$	5,841
Amortization of prior service cost (benefit)	1,359		1,657		1,830		69		(5,334		)	(9,480		)

Schedule of Net Periodic Benefit Cost Not yet Recognized [Table Text Block]



	Pension						Postretirement
	2011			2010			2011			2010
Prior service (cost) credit	$	(8,370	)	$	(9,729	)	$	167		$	(532	)
Net losses	(191,761		)	(126,138		)	(10,500		)	(7,137		)
Deferred income tax benefit	62,797			43,056			3,583			2,659
AOCI	$	(137,334	)	$	(92,811	)	$	(6,750	)	$	(5,010	)

Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Fair Value [Table Text Block]



	2011		2010
Projected benefit obligation	$	437,980	$	323,918
Accumulated benefit obligation	392,182		285,590
Fair value of plan assets	295,655		255,728

Schedule of Net Benefit Costs [Table Text Block]

The following tables set forth the components of net pension and postretirement benefit cost that have been recognized during the three years ended December 31:



	Pension									Postretirement
	2011			2010			2009			2011		2010			2009
Components of Net Periodic Benefit Cost
Service cost	$	6,782		$	6,196		$	6,489		$	673	$	587		$	482
Interest cost	18,087			17,740			18,082			972		1,029			1,144
Expected return on plan assets	(25,819		)	(21,651		)	(21,427		)	—		—			—
Amortization of prior service cost (benefit)	1,359			1,657			1,830			69		(5,334		)	(9,480		)
Amortization of losses	10,372			6,456			6,196			570		3,357			5,841
Net periodic benefit cost (benefit)	$	10,781		$	10,398		$	11,170		$	2,284	$	(361	)	$	(2,013	)

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]

The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2012 are as follows:



	Pension		Postretirement
Amortization of loss	$	16,185	$	526
Amortization of prior service cost	1,308		25
Total amortization of AOCI loss	$	17,493	$	551

Schedule of Assumptions Used [Table Text Block]



	Pension						Postretirement
	2011		2010		2009		2011		2010		2009
Assumptions used to determine benefit obligations at December 31:
Discount rate	4.20	%	5.25	%	5.80	%	4.10	%	5.10	%	5.50	%
Rate of compensation increase	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate	5.25	%	5.80	%	6.15	%	5.10	%	5.50	%	6.15	%
Expected long-term return on plan assets	8.50	%	8.50	%	8.50	%	—		—		—
Rate of compensation increase	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%	4.50	%

Schedule of Health Care Cost Trend Rates [Table Text Block]

The following table sets forth the assumed health care cost trend rates at December 31:



	Postretirement
	2011		2010
Health care cost trend rate assumed for next year	8.00	%	8.50	%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)	5.00	%	5.00	%
Year that the rate reaches the ultimate trend rate	2017		2017

Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]

The following table shows the effect of a one percentage point change in assumed health care cost trends:



	1 Percent
Effect on:	Increase		Decrease
Total of service and interest cost components	$	171	$	(143	)
Accumulated postretirement benefit obligation	1,781		(1,533		)

Schedule of Allocation of Plan Assets [Table Text Block]

The Company’s pension plans’ asset allocation at December 31, 2011 and 2010, and target allocation ranges by asset category are as follows:



	Percentage of Plan Assets				Target Allocation Range
Asset Category	2011		2010		Target Allocation Range
Domestic equity securities	44	%	44	%	40-45%
International equity securities	20	%	23	%	20-30%
Domestic fixed income securities	28	%	25	%	25-30%
International fixed income securities	5	%	5	%	4-6%
Real estate fund	3	%	3	%	2-4%
Total	100	%	100	%



Asset Category	Fair Value at December 31, 2011 Level 1		Fair Value at December 31, 2010 Level 1
Domestic equity securities	$	128,834	$	130,274
International equity securities	57,728		68,878
Domestic fixed income securities	80,243		75,090
International fixed income securities	14,381		14,410
Real estate fund	9,846		8,986
Short-term investments	4,623		4,826
Total	$	295,655	$	302,464

Schedule of Expected Benefit Payments [Table Text Block]

Expected benefit payments in future years are as follows:



	Pension Benefits		Postretirement Benefits
2012	$	17,607	$	1,262
2013	18,657		1,388
2014	19,745		1,483
2015	20,721		1,559
2016	21,773		1,651
2017 - 2021	123,358		8,281

Quarterly Results for 2011 and 2010 (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2011

Selected Quarterly Financial Information [Abstract]

Schedule of Quarterly Financial Information [Table Text Block]



	Quarter Ended											Total Year
	March 31			June 30		Sept. 30			Dec. 31			Total Year
2011
Sales	$	357,731		$	357,397	$	385,091		$	388,423		$	1,488,642
Operating Income	87,578			79,073		108,310			81,325		(a)	356,286
Net Income	58,412			56,454		104,909		(b)	56,230		(a)	276,005
Basic EPS (e)	0.48			0.46		0.86			0.46			2.27
Diluted EPS (e)	0.47			0.45		0.84			0.45			2.20
2010
Sales	$	310,200		$	312,210	$	377,515		$	315,308		$	1,315,233
Operating Income	76,860		(c)	56,344		92,082			56,665			281,951
Net Income	56,953		(c)	38,558		62,904			59,171		(d)	217,586
Basic EPS (e)	0.48			0.32		0.52			0.49			1.81
Diluted EPS (e)	0.47			0.32		0.51			0.48			1.79


(a)	Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.


(b)	Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.


(c)	First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investment for further information.


(d)	Fourth quarter 2010 included a tax benefit of $24.3 million related to the CBPC. See Note 8 — Income Taxes.


(e)	The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for further information.

Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2011

Senior Exchangeable Notes due 2012 & 2015 [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consoldiating Income Statement [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,374,090		$	263,808		$	(149,256	)	$	1,488,642
Costs and Expenses
Cost of sales	—		—			—			1,036,494			129,335			(92,097		)	1,073,732
Selling and general expenses	—		10,710			—			53,102			2,729			—			66,541
Other operating expense (income), net	—		117			—			10,181			(14,127		)	—			(3,829		)
	—		10,827			—			1,099,777			117,937			(92,097		)	1,136,444
Equity in income of New Zealand joint venture	—		—			—			726			3,362			—			4,088
OPERATING (LOSS) INCOME	—		(10,827		)	—			275,039			149,233			(57,159		)	356,286
Interest expense	621		(1,133		)	(49,555		)	766			(1,474		)	—			(50,775		)
Interest and miscellaneous income (expense), net	—		5,280			(4,508		)	(55,495		)	55,574			—			851
Equity in income from subsidiaries	275,384		281,892			170,048			—			—			(727,324		)	—
INCOME BEFORE INCOME TAXES	276,005		275,212			115,985			220,310			203,333			(784,483		)	306,362
Income tax benefit (expense)	—		172			19,733			(50,262		)	—			—			(30,357		)
NET INCOME	$	276,005	$	275,384		$	135,718		$	170,048		$	203,333		$	(784,483	)	$	276,005



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2010
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,234,254		$	225,524		$	(144,545	)	$	1,315,233
Costs and Expenses
Cost of sales	—		—			—			992,543			119,682			(122,126		)	990,099
Selling and general expenses	—		10,122			—			53,874			3,106			—			67,102
Other operating expense (income), net	—		385			—			3,184			(14,043		)	(45		)	(10,519		)
	—		10,507			—			1,049,601			108,745			(122,171		)	1,046,682
Equity in income of New Zealand joint venture	—		—			—			810			223			—			1,033
OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		(10,507		)	—			185,463			117,002			(22,374		)	269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—			—			7,697			4,670			—			12,367
OPERATING (LOSS) INCOME	—		(10,507		)	—			193,160			121,672			(22,374		)	281,951
Interest expense	—		239			(50,313		)	(256		)	(133		)	—			(50,463		)
Interest and miscellaneous income (expense), net	—		12,952			(4,309		)	(26,955		)	19,627			—			1,315
Equity in income from subsidiaries	217,586		221,578			137,471			—			—			(576,635		)	—
INCOME BEFORE INCOME TAXES	217,586		224,262			82,849			165,949			141,166			(599,009		)	232,803
Income tax (expense) benefit	—		(6,676		)	19,937			(28,478		)	—			—			(15,217		)
NET INCOME	$	217,586	$	217,586		$	102,786		$	137,471		$	141,166		$	(599,009	)	$	217,586



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2009
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,016,463		$	193,019		$	(40,915	)	$	1,168,567
Costs and Expenses
Cost of sales	—		—			—			831,167			129,165			(45,560		)	914,772
Selling and general expenses	—		11,349			—			47,953			3,331			—			62,633
Other operating expense (income), net	—		84			—			(204,268		)	(15,388		)	(1,600		)	(221,172		)
	—		11,433			—			674,852			117,108			(47,160		)	756,233
Equity in income (loss) of New Zealand joint venture	—		—			—			357			(3,183		)	—			(2,826		)
OPERATING (LOSS) INCOME	—		(11,433		)	—			341,968			72,728			6,245			409,508
Interest expense	—		(113		)	(47,761		)	64			(4,631		)	—			(52,441		)
Interest and miscellaneous income (expense), net	—		5,244			(3,832		)	(4,518		)	4,981			(65		)	1,810
Equity in income from subsidiaries	312,541		328,682			282,186			—			—			(923,409		)	—
INCOME BEFORE INCOME TAXES	312,541		322,380			230,593			337,514			73,078			(917,229		)	358,877
Income tax (expense) benefit	—		(9,839		)	18,831			(55,328		)	—			—			(46,336		)
NET INCOME	$	312,541	$	312,541		$	249,424		$	282,186		$	73,078		$	(917,229	)	$	312,541

Schedule of Condensed Consolidating Balance Sheet [Table Text Block]



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	8,977	$	59,976	$	7,398		$	2,252	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3		—		94,399			606		—			95,008
Inventory	—		—		—		133,300			—		(11,302		)	121,998
Intercompany interest receivable	—		—		—		—			3,848		(3,848		)	—
Income tax receivable	—		4		—		1,941			—		—			1,945
Prepaid and other current assets	—		2,324		808		34,996			8,820		—			46,948
Total current assets	—		11,308		60,784		272,034			15,526		(15,150		)	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		39,824			1,462,027		1,860			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551		—		456,754			2,247		—			461,552
INVESTMENT IN JOINT VENTURE	—		—		—		(11,006		)	80,225		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661		1,490,444		1,156,896		—			—		(3,886,001		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420		—		19,073		—			—		(223,493		)	—
OTHER ASSETS	—		26,850		6,491		702,087			6,856		(551,920		)	190,364
TOTAL ASSETS	$	1,443,081	$	1,531,153	$	1,243,244	$	1,459,693		$	1,566,881	$	(4,674,704	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,801	$	10	$	69,648		$	1,414	$	—		$	72,873
Current maturities of long-term debt	—		—		28,110		—			—		—			28,110
Accrued payroll and benefits	—		13,810		—		10,563			2,473		—			26,846
Accrued interest	8		246		5,442		739			609		—			7,044
Accrued customer incentives	—		—		—		10,369			—		—			10,369
Other current liabilities	—		1,859		—		13,133			8,086		—			23,078
Current liabilities for dispositions and discontinued operations	—		—		—		9,931			—		—			9,931
Total current liabilities	8		17,716		33,562		114,383			12,582		—			178,251
LONG-TERM DEBT	120,000		30,000		580,647		—			88,582		—			819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		80,893			—		—			80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		112,904		—		27,719			—		—			140,623
OTHER NON-CURRENT LIABILITIES	—		20,210		—		6,396			673		—			27,279
INTERCOMPANY PAYABLE	—		111,662		—		73,406			203,208		(388,276		)	—
TOTAL LIABILITIES	120,008		292,492		614,209		302,797			305,045		(388,276		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661		629,035		1,156,896			1,261,836		(4,286,428		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	1,531,153	$	1,243,244	$	1,459,693		$	1,566,881	$	(4,674,704	)	$	2,569,348



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2010
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Subsidiaries of Rayonier TRS Holdings Inc. (Non-guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	29,759	$	283,258	$	1,280		$	35,166		$	—		$	349,463
Accounts receivable, less allowance for doubtful accounts	—		1		—		81,288			1,351			—			82,640
Inventory	—		—		—		123,432			—			(13,397		)	110,035
Intercompany interest receivable	—		—		—		—			4,320			(4,320		)	—
Income tax receivable	—		1,750		—		19,984			—			—			21,734
Prepaid and other current assets	—		1,273		842		38,697			4,502			—			45,314
Total current assets	—		32,783		284,100		264,681			45,339			(17,717		)	609,186
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		37,398			1,098,870			1,663			1,137,931
NET PROPERTY, PLANT AND EQUIPMENT	—		2,819		—		380,577			1,711			197			385,304
INVESTMENT IN JOINT VENTURE	—		—		—		(12,282		)	80,765			—			68,483
INVESTMENT IN SUBSIDIARIES	1,251,582		1,392,465		987,381		—			—			(3,631,428		)	—
OTHER ASSETS	—		26,642		9,351		664,664			13,153			(551,061		)	162,749
TOTAL ASSETS	$	1,251,582	$	1,454,709	$	1,280,832	$	1,335,038		$	1,239,838		$	(4,198,346	)	$	2,363,653
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	823	$	20	$	55,052		$	2,090		$	—		$	57,985
Current maturities of long-term debt	—		—		93,057		—			—			—			93,057
Accrued payroll and benefits	—		13,507		—		9,590			2,369			—			25,466
Accrued interest	—		12		5,591		603			—			—			6,206
Accrued customer incentives	—		—		—		9,759			—			—			9,759
Other current liabilities	—		2,608		—		28,354			10,013			—			40,975
Current liabilities for dispositions and discontinued operations	—		—		—		11,500			—			—			11,500
Total current liabilities	—		16,950		98,668		114,858			14,472			—			244,948
LONG-TERM DEBT	—		—		675,103		—			—			—			675,103
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		81,660			—			—			81,660
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		63,759		—		2,576			—			—			66,335
OTHER NON-CURRENT LIABILITIES	—		19,811		—		23,552			662			—			44,025
INTERCOMPANY PAYABLE	—		102,607		—		125,011			(3,751		)	(223,867		)	—
TOTAL LIABILITIES	—		203,127		773,771		347,657			11,383			(223,867		)	1,112,071
TOTAL SHAREHOLDERS’ EQUITY	1,251,582		1,251,582		507,061		987,381			1,228,455			(3,974,479		)	1,251,582
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,251,582	$	1,454,709	$	1,280,832	$	1,335,038		$	1,239,838		$	(4,198,346	)	$	2,363,653

Schedule of Condensed Consolidating Cash Flows Statement [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2011
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	332,577		$	15,000		$	138,595		$	276,793		$	(614,104	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(270		)	—			(104,321		)	(39,931		)	—			(144,522		)
Purchase of timberlands	—			—			—			(24,366		)	(296,533		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			—			—			(42,894		)	—			—			(42,894		)
Intercompany purchase of real estate	—			—			—			(12,394		)	—			12,394			—
Change in restricted cash	—			—			—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(99,988		)	(35,828		)	—			—			155,075			—
Other	—			69			—			10,607			702			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(100,189		)	(35,828		)	(173,368		)	(327,439		)	167,469			(488,614		)
FINANCING ACTIVITIES
Issuance of debt	120,000			105,000			—			—			235,000			—			460,000
Repayment of debt	—			(75,000		)	(168,057		)	—			(256,000		)	—			(499,057		)
Dividends paid	(185,272		)	—			—			—			—			—			(185,272		)
Proceeds from the issuance of common shares	13,451			—			—			—			—			—			13,451
Excess tax benefits on stock-based compensation	—			—			—			5,681			—			—			5,681
Debt issuance costs	—			(675		)	(676		)	—			(676		)	—			(2,027		)
Repurchase of common shares	(7,909		)	—			—			—			—			—			(7,909		)
Issuance of intercompany notes	(204,420		)	—			(18,961		)	18,961			204,420			—			—
Intercompany distributions	—			(282,495		)	(14,760		)	15,632			(165,012		)	446,635			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(264,150		)	(253,170		)	(202,454		)	40,274			17,732			446,635			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			617			—			—			617
CASH AND CASH EQUIVALENTS
(Decrease) increase in cash and cash equivalents	—			(20,782		)	(223,282		)	6,118			(32,914		)	—			(270,860		)
Balance, beginning of year	—			29,759			283,258			1,280			35,166			—			349,463
Balance, end of year	$	—		$	8,977		$	59,976		$	7,398		$	2,252		$	—		$	78,603



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2010
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	177,502		$	30,000		$	307,384		$	181,333		$	(344,216	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(2,251		)	—			(103,421		)	(32,777		)	—			(138,449		)
Purchase of timberlands	—			—			—			—			(5,360		)	—			(5,360		)
Intercompany purchase of timberlands	—			—			—			—			(46,700		)	46,700			—
Intercompany purchase of real estate	—			—			—			(41,253		)	—			41,253			—
Change in restricted cash	—			—			—			—			(8,231		)	—			(8,231		)
Investment in Subsidiaries	—			—			145,975			—			—			(145,975		)	—
Other	—			—			—			11,589			(2,205		)	—			9,384
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(2,251		)	145,975			(133,085		)	(95,273		)	(58,022		)	(142,656		)
FINANCING ACTIVITIES
Issuance of debt	—			—			75,000			—			82,000			—			157,000
Repayment of debt	—			(5,000		)	(4,650		)	—			(87,000		)	—			(96,650		)
Dividends paid	(163,673		)	—			—			—			—			—			(163,673		)
Proceeds from the issuance of common shares	26,314			—			—			—			—			—			26,314
Excess tax benefits on stock-based compensation	—			—			—			5,411			—			—			5,411
Debt issuance costs	—			—			(561		)	—			—			—			(561		)
Repurchase of common shares	(6,028		)	—			—			—			—			—			(6,028		)
Intercompany distributions	—			(143,387		)	(30,000		)	(180,610		)	(48,241		)	402,238			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(143,387		)	(148,387		)	39,789			(175,199		)	(53,241		)	402,238			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(48		)	—			—			(48		)
CASH AND CASH EQUIVALENTS
Increase (decrease) in cash and cash equivalents	—			26,864			215,764			(948		)	32,819			—			274,499
Balance, beginning of year	—			2,895			67,494			2,228			2,347			—			74,964
Balance, end of year	$	—		$	29,759		$	283,258		$	1,280		$	35,166		$	—		$	349,463



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2009
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Subsidiaries of Rayonier TRS Holdings Inc. (Non- guarantors)			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	135,985		$	144,143		$	38,000		$	133,320		$	185,400		$	(329,549	)	$	307,299
INVESTING ACTIVITIES
Capital expenditures	—			(4		)	—			(62,018		)	(32,239		)	2,594			(91,667		)
Change in restricted cash	—			—			—			—			1,399			—			1,399
Investment in Subsidiaries	—			—			37,362			—			—			(37,362		)	—
Other	—			—			—			(3,980		)	1,504			—			(2,476		)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(4		)	37,362			(65,998		)	(29,336		)	(34,768		)	(92,744		)
FINANCING ACTIVITIES
Issuance of debt	—			5,000			177,500			—			85,000			—			267,500
Repayment of debt	—			(20,000		)	(155,064		)	—			(132,579		)	—			(307,643		)
Dividends paid	(158,218		)	—			—			—			—			—			(158,218		)
Proceeds from the issuance of common shares	11,115			—			—			—			—			—			11,115
Excess tax benefits on stock-based compensation	—			—			—			2,720			—			—			2,720
Purchase of exchangeable note hedge	—			—			(23,460		)	—			—			—			(23,460		)
Proceeds from issuance of warrant	12,506			—			—			—			—			—			12,506
Debt issuance costs	—			—			(4,678		)	—			—			—			(4,678		)
Repurchase of common shares	(1,388		)	—			—			—			—			—			(1,388		)
Intercompany distributions	—			(135,985		)	(38,000		)	(79,332		)	(111,000		)	364,317			—
CASH USED FOR FINANCING ACTIVITIES	(135,985		)	(150,985		)	(43,702		)	(76,612		)	(158,579		)	364,317			(201,546		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			270			—			—			270
CASH AND CASH EQUIVALENTS
(Decrease) increase in cash and cash equivalents	—			(6,846		)	31,660			(9,020		)	(2,515		)	—			13,279
Balance, beginning of year	—			9,741			35,834			11,248			4,862			—			61,685
Balance, end of year	$	—		$	2,895		$	67,494		$	2,228		$	2,347		$	—		$	74,964

Potential additional securities issued by parent [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consoldiating Income Statement [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	1,254,352		$	383,546		$	(149,256	)	$	1,488,642
Costs and Expenses
Cost of sales	—		928,477			237,350			(92,095		)	1,073,732
Selling and general expenses	—		51,564			14,977			—			66,541
Other operating expense (income), net	—		13,493			(17,322		)	—			(3,829		)
	—		993,534			235,005			(92,095		)	1,136,444
Equity in income of New Zealand joint venture	—		—			4,088			—			4,088
OPERATING INCOME	—		260,818			152,629			(57,161		)	356,286
Interest expense	621		(49,922		)	(1,474		)	—			(50,775		)
Interest and miscellaneous (expense) income, net	—		(54,762		)	55,613			—			851
Equity in income from subsidiaries	275,384		148,848			—			(424,232		)	—
INCOME BEFORE INCOME TAXES	276,005		304,982			206,768			(481,393		)	306,362
Income tax expense	—		(29,598		)	(759		)	—			(30,357		)
NET INCOME	$	276,005	$	275,384		$	206,009		$	(481,393	)	$	276,005



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors				All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	1,139,271		—	$	320,507		$	(144,545	)	$	1,315,233
Costs and Expenses
Cost of sales	—		907,500				204,725			(122,126		)	990,099
Selling and general expenses	—		53,477				13,625			—			67,102
Other operating expense (income), net	—		5,362				(15,836		)	(45		)	(10,519		)
	—		966,339				202,514			(122,171		)	1,046,682
Equity in income of New Zealand joint venture	—		—				1,033			—			1,033
OPERATING INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		172,932				119,026			(22,374		)	269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—				12,367			—			12,367
OPERATING INCOME	—		172,932				131,393			(22,374		)	281,951
Interest expense	—		(50,330		)		(133		)	—			(50,463		)
Interest and miscellaneous (expense) income, net	—		(18,322		)		19,637			—			1,315
Equity in income from subsidiaries	217,586		126,904				—			(344,490		)	—
INCOME BEFORE INCOME TAXES	217,586		231,184				150,897			(366,864		)	232,803
Income tax expense	—		(13,598		)		(1,619		)	—			(15,217		)
NET INCOME	$	217,586	$	217,586			$	149,278		$	(366,864	)	$	217,586



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME For the Year Ended December 31, 2009
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	975,906		$	233,576		$	(40,915	)	$	1,168,567
Costs and Expenses
Cost of sales	—		798,668			161,664			(45,560		)	914,772
Selling and general expenses	—		49,971			12,662			—			62,633
Other operating income, net	—		(204,029		)	(15,543		)	(1,600		)	(221,172		)
	—		644,610			158,783			(47,160		)	756,233
Equity in income of New Zealand joint venture	—		—			(2,826		)	—			(2,826		)
OPERATING INCOME	—		331,296			71,967			6,245			409,508
Interest expense	—		(47,810		)	(4,631		)	—			(52,441		)
Interest and miscellaneous (expense) income, net	—		(3,291		)	5,166			(65		)	1,810
Equity in income from subsidiaries	312,541		78,528			—			(391,069		)	—
INCOME BEFORE INCOME TAXES	312,541		358,723			72,502			(384,889		)	358,877
Income tax expense	—		(46,182		)	(154		)	—			(46,336		)
NET INCOME	$	312,541	$	312,541		$	72,348		$	(384,889	)	$	312,541

Schedule of Condensed Consolidating Balance Sheet [Table Text Block]



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—		$	58,132		$	20,471	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—			90,658			4,350		—			95,008
Inventory	—			132,323			977		(11,302		)	121,998
Intercompany interest receivable	—			—			3,848		(3,848		)	—
Income tax receivable	—			1,945			—		—			1,945
Prepaid and other current assets	—			37,421			9,527		—			46,948
Total current assets	—			320,479			39,173		(15,150		)	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—			117,243			1,384,608		1,860			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—			458,497			3,055		—			461,552
INVESTMENT IN JOINT VENTURE	—			—			69,219		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661			801,838			—		(2,040,499		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420			—			—		(204,420		)	—
OTHER ASSETS	—			710,663			31,622		(551,921		)	190,364
TOTAL ASSETS	$	1,443,081		$	2,408,720		$	1,527,677	$	(2,810,130	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—		$	65,732		$	7,141	$	—		$	72,873
Current maturities of long-term debt	—			28,110			—		—			28,110
Accrued payroll and benefits	—		—	23,070		—	3,776		—			26,846
Accrued interest	8		—	6,427		—	609		—			7,044
Accrued customer incentives	—		—	10,369		—	—		—			10,369
Other current liabilities	—			14,157			8,921		—			23,078
Current liabilities for dispositions and discontinued operations	—			9,931			—		—			9,931
Total current liabilities	8			157,796			20,447		—			178,251
LONG-TERM DEBT	120,000			610,647			88,582		—			819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—			80,893			—		—			80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS	—			140,623			—		—			140,623
OTHER NON-CURRENT LIABILITIES	—			25,894			1,385		—			27,279
INTERCOMPANY PAYABLE	—			154,206			214,997		(369,203		)	—
TOTAL LIABILITIES	120,008			1,170,059			325,411		(369,203		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073			1,238,661			1,202,266		(2,440,927		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081		$	2,408,720		$	1,527,677	$	(2,810,130	)	$	2,569,348



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2010
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		All Other Subsidiaries (Non- guarantors)		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	303,746	$	45,717	$	—		$	349,463
Accounts receivable, less allowance for doubtful accounts	—		76,193		6,447		—			82,640
Inventory	—		121,559		1,873		(13,397		)	110,035
Intercompany interest receivable	—		—		4,320		(4,320		)	—
Income tax receivable	—		21,734		—		—			21,734
Prepaid and other current assets	—		37,324		7,990		—			45,314
Total current assets	—		560,556		66,347		(17,717		)	609,186
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		37,398		1,098,870		1,663			1,137,931
NET PROPERTY, PLANT AND EQUIPMENT	—		382,700		2,407		197			385,304
INVESTMENT IN JOINT VENTURE	—		—		68,483		—			68,483
INVESTMENT IN SUBSIDIARIES	1,251,582		900,436		—		(2,152,018		)	—
OTHER ASSETS	—		674,610		39,200		(551,061		)	162,749
TOTAL ASSETS	$	1,251,582	$	2,555,700	$	1,275,307	$	(2,718,936	)	$	2,363,653
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	50,737	$	7,248	$	—		$	57,985
Current maturities of long-term debt	—		93,057		—		—			93,057
Accrued payroll and benefits	—		22,206		3,260		—			25,466
Accrued interest	—		6,206		—		—			6,206
Accrued customer incentives	—		9,759		—		—			9,759
Other current liabilities	—		29,806		11,169		—			40,975
Current liabilities for dispositions and discontinued operations	—		11,500		—		—			11,500
Total current liabilities	—		223,271		21,677		—			244,948
LONG-TERM DEBT	—		675,103		—		—			675,103
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		81,660		—		—			81,660
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		66,335		—		—			66,335
OTHER NON-CURRENT LIABILITIES	—		42,728		1,297		—			44,025
INTERCOMPANY PAYABLE	—		215,021		8,846		(223,867		)	—
TOTAL LIABILITIES	—		1,304,118		31,820		(223,867		)	1,112,071
TOTAL SHAREHOLDERS’ EQUITY	1,251,582		1,251,582		1,243,487		(2,495,069		)	1,251,582
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,251,582	$	2,555,700	$	1,275,307	$	(2,718,936	)	$	2,363,653

Schedule of Condensed Consolidating Cash Flows Statement [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	425,705		$	283,044		$	(559,888	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(105,184		)	(39,338		)	—			(144,522		)
Purchase of timberlands	—			(102,302		)	(218,597		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			(42,894		)	—			—			(42,894		)
Intercompany purchase of real estate	—			(12,394		)	—			12,394			—
Change in restricted cash	—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(22,259		)	—			41,518			—
Other	—			10,676			702			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(274,357		)	(248,910		)	53,912			(488,614		)
FINANCING ACTIVITIES
Issuance of debt	120,000			105,000			235,000			—			460,000
Repayment of debt	—			(243,057		)	(256,000		)	—			(499,057		)
Dividends paid	(185,272		)	—			—			—			(185,272		)
Proceeds from the issuance of common shares	13,451			—			—			—			13,451
Excess tax benefits on stock-based compensation	—			5,681			—			—			5,681
Debt issuance costs	—			(1,351		)	(676		)	—			(2,027		)
Repurchase of common shares	(7,909		)	—			—			—			(7,909		)
Issuance of intercompany notes	(204,420		)	—			204,420			—			—
Intercompany distributions	—			(263,235		)	(242,741		)	505,976			—
CASH USED FOR FINANCING ACTIVITIES	(264,150		)	(396,962		)	(59,997		)	505,976			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			617			—			617
CASH AND CASH EQUIVALENTS
Decrease in cash and cash equivalents	—			(245,614		)	(25,246		)	—			(270,860		)
Balance, beginning of year	—			303,746			45,717			—			349,463
Balance, end of year	$	—		$	58,132		$	20,471		$	—		$	78,603



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	441,039		$	190,545		$	(279,581	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(105,053		)	(33,396		)	—			(138,449		)
Purchase of timberlands	—			—			(5,360		)	—			(5,360		)
Intercompany purchase of timberlands	—			—			(46,700		)	46,700			—
Intercompany purchase of real estate	—			(41,253		)	—			41,253			—
Change in restricted cash	—			—			(8,231		)	—			(8,231		)
Other	—			11,589			(2,205		)	—			9,384
CASH USED FOR INVESTING ACTIVITIES	—			(134,717		)	(95,892		)	87,953			(142,656		)
FINANCING ACTIVITIES
Issuance of debt	—			75,000			82,000			—			157,000
Repayment of debt	—			(9,650		)	(87,000		)	—			(96,650		)
Dividends paid	(163,673		)	—			—			—			(163,673		)
Proceeds from the issuance of common shares	26,314			—			—			—			26,314
Excess tax benefits on stock-based compensation	—			5,411			—			—			5,411
Debt issuance costs	—			(561		)	—			—			(561		)
Repurchase of common shares	(6,028		)	—			—			—			(6,028		)
Intercompany distributions	—			(143,387		)	(48,241		)	191,628			—
CASH USED FOR FINANCING ACTIVITIES	(143,387		)	(73,187		)	(53,241		)	191,628			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(48		)	—			(48		)
CASH AND CASH EQUIVALENTS
Increase in cash and cash equivalents	—			233,135			41,364			—			274,499
Balance, beginning of year	—			70,611			4,353			—			74,964
Balance, end of year	$	—		$	303,746		$	45,717		$	—		$	349,463



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2009
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	135,985		$	240,338		$	180,555		$	(249,579	)	$	307,299
INVESTING ACTIVITIES
Capital expenditures	—			(61,998		)	(32,263		)	2,594			(91,667		)
Change in restricted cash	—			—			1,399			—			1,399
Other	—			(3,980		)	1,504			—			(2,476		)
CASH USED FOR INVESTING ACTIVITIES	—			(65,978		)	(29,360		)	2,594			(92,744		)
FINANCING ACTIVITIES
Issuance of debt	—			182,500			85,000			—			267,500
Repayment of debt	—			(175,064		)	(132,579		)	—			(307,643		)
Dividends paid	(158,218		)	—			—			—			(158,218		)
Proceeds from the issuance of common shares	11,115			—			—			—			11,115
Excess tax benefits on stock-based compensation	—			2,720			—			—			2,720
Purchase of exchangeable note hedge	—			(23,460		)	—			—			(23,460		)
Proceeds from issue of warrant	12,506			—			—			—			12,506
Debt issuance costs	—			(4,678		)	—			—			(4,678		)
Repurchase of common shares	(1,388		)	—			—			—			(1,388		)
Intercompany distributions	—			(135,985		)	(111,000		)	246,985			—
CASH USED FOR FINANCING ACTIVITIES	(135,985		)	(153,967		)	(158,579		)	246,985			(201,546		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			270			—			270
CASH AND CASH EQUIVALENTS
Increase (decrease) in cash and cash equivalents	—			20,393			(7,114		)	—			13,279
Balance, beginning of year	—			50,218			11,467			—			61,685
Balance, end of year	$	—		$	70,611		$	4,353		$	—		$	74,964

Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2011

Valuation and Qualifying Accounts [Abstract]

Schedule of Valuation and Qualifying Accounts [Table Text Block]



Description	Balance at Beginning of Year		Charged to Cost and Expenses		Deductions (1)			Balance at End of Year
Allowance for doubtful accounts:
Year ended December 31, 2011	$	387	$	12	$	—		$	399
Year ended December 31, 2010	$	1,150	$	38	$	(801	)	$	387
Year ended December 31, 2009	$	1,130	$	408	$	(388	)	$	1,150


(1)	Primarily payments and adjustments to required reserves.

Nature of Business Operations (Details) Acres in Thousands	12 Months Ended
Nature of Business Operations (Details) Acres in Thousands	Dec. 31, 2011 Acres t
Acres Of Timberland Owned Managed	2,700
Acres of High Value Real Estate Owned	200
Matariki [Member]
Acres Of Timberland Owned Managed	300
Acres of Timberlands Acquired	10
Forest Resources [Member]
Acres Of Timberland Owned Managed	2,600
Acres of Timberlands Acquired	308
Real Estate Segment [Member]
Acres of High Value Real Estate Owned	100
Performance Fibers Segment [Member]
Production Capacity in Metric Tons \| t	745,000
Percentage of Sales to Export Customers	63.00%
Performance Fibers Segment [Member] \| Cellulose Specialties Expansion (CSE) [Member]
Increase in Cellulose Specialties Capacity \| t	190,000
Decrease in Absorbent Materials Capacity \| t	260,000
Anticipated Post-conversion Production Capacity in Metric Tons \| t	675,000

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2011 yr
Non-production Performance Fiber assets [Member]
Property, Plant and Equipment [Line Items]
Useful Life, Minimum	3
Useful Life, Maximum	25
Sawmill assets [Member]
Property, Plant and Equipment [Line Items]
Useful Life, Minimum	3
Useful Life, Maximum	15
Building [Member]
Property, Plant and Equipment [Line Items]
Useful Life, Minimum	15
Useful Life, Maximum	35
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful Life, Minimum	5
Useful Life, Maximum	30

Segment and Geographical Information (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

$ 6,873

$ 3,201

$ 2,111

Segment Reporting Information, Expenditures for Additions to Long-Lived Assets

100.00%

$ 508,000

$ 144,000

$ 92,000

Segment Reporting Information, Total Additions to Long-Lived Assets

613,000

144,000

92,000

Gain on sale of a portion of interest in the New Zealand joint venture

12,367

135,742

143,406

158,371

$ 81,325

^[1]

$ 108,310

$ 79,073

$ 87,578

$ 56,665

$ 92,082

$ 56,344

$ 76,860

^[2]

356,286

281,951

409,508

388,423

$ 385,091

$ 357,397

$ 357,731

315,308

$ 377,515

$ 312,210

$ 310,200

1,488,642

1,315,233

1,168,567

Income Tax Credits and Adjustments

2,569,348

2,363,653

2,569,348

2,363,653

205,229

Noncash or Part Noncash Acquisition, Debt Assumed

105,000

Geographical Operating Information [Member] | United States

350,000

268,000

416,000

1,378,000

1,228,000

1,136,000

Geographical Operating Information [Member] | New Zealand

2,473,000

2,266,000

2,473,000

2,266,000

6,000

14,000

(6,000)

111,000

87,000

$ 33,000

Geographical Operating Information [Member] | All other countries

95,000

97,000

95,000

97,000

Sales by Destination [Member] | United States

1,000

$ 1,000

49.00%

53.00%

Sales by Destination [Member] | China

$ 737,000

$ 693,000

$ 626,000

19.00%

16.00%

Sales by Destination [Member] | Europe

$ 277,000

$ 213,000

$ 189,000

12.00%

14.00%

Sales by Destination [Member] | Japan

$ 173,000

$ 152,000

$ 159,000

11.00%

10.00%

9.00%

Sales by Destination [Member] | Other Asia

$ 159,000

$ 129,000

$ 107,000

4.00%

3.00%

Sales by Destination [Member] | Latin America

$ 55,000

$ 49,000

$ 30,000

2.00%

3.00%

2.00%

Sales by Destination [Member] | New Zealand

$ 36,000

$ 35,000

$ 23,000

1.00%

Sales by Destination [Member] | Canada

$ 22,000

$ 17,000

$ 12,000

1.00%

Sales by Destination [Member] | All other countries

$ 9,000

$ 10,000

$ 6,000

1.00%

0.00%

1.00%

Secured Mortgage Notes Assumed with Timberland Acquisition [Member]

$ 21,000

$ 17,000

Noncash or Part Noncash Acquisition, Debt Assumed

105,000

Alternative Fuel Mixture Credit [Member]

Income Tax Credits and Adjustments

205,229

Port Angeles Increase in Disposition Reserve [Member]

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

6,500

Forest Resources [Member]

Segment Reporting Information, Total Additions to Long-Lived Assets

^[3]

468,000

41,000

32,000

63,000

59,000

70,000

47,000

33,000

7,000

215,000

177,000

159,000

Forest Resources [Member] | Timber Properties [Member]

1,604,000

1,260,000

1,604,000

1,260,000

Real Estate Segment [Member]

Strategic Capital

426,000

5,000

12,000

22,000

24,000

47,000

53,000

56,000

71,000

96,000

101,000

Real Estate Segment [Member] | Development [Member]

103,000

86,000

103,000

86,000

Real Estate Segment [Member] | Rural [Member]

4,000

3,000

Real Estate Segment [Member] | Non-Strategic Timberlands [Member]

33,000

28,000

32,000

Performance Fibers Segment [Member]

34,000

65,000

66,000

Segment Reporting Information, Total Additions to Long-Lived Assets

^[4]

140,000

98,000

59,000

56,000

58,000

298,000

214,000

184,000

1,020,000

881,000

839,000

Performance Fibers Segment [Member] | Cellulose Specialties Expansion (CSE) [Member]

646,000

551,000

646,000

551,000

Performance Fibers Segment [Member] | Cellulose Specialties [Member]

Strategic Capital

43,000

Performance Fibers Segment [Member] | Absorbent Materials [Member]

824,000

686,000

658,000

Wood Products Segment [Member]

196,000

195,000

181,000

Segment Reporting Information, Total Additions to Long-Lived Assets

3,000

1,000

3,000

5,000

(2,000)

2,000

(11,000)

68,000

51,000

All Other Segments [Member]

21,000

20,000

21,000

20,000

1,000

(3,000)

122,000

102,000

38,000

Intersegment Elimination [Member]

25,000

26,000

25,000

26,000

Unallocated Amount to Segment [Member]

^[5]

(7,000)

(9,000)

(19,000)

Gain on sale of a portion of interest in the New Zealand joint venture

12,000

^[6]

(35,000)

(21,000)

177,000

Unallocated Amount to Segment [Member] | Alternative Fuel Mixture Credit [Member]

$ 170,000

$ 421,000

170,000

421,000

Income Tax Credits and Adjustments

205,000

Unallocated Amount to Segment [Member] | Port Angeles Increase in Disposition Reserve [Member]

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

6,500

All Other Segments And Unallocated Amount To Segment [Member]

Segment Reporting Information, Total Additions to Long-Lived Assets

2,000

4,000

2,000

1,000

Customer 1 [Member] | Performance Fibers Segment [Member]

$ 115,000

$ 93,000

$ 19,000

Sales Revenue, Goods, Net, Percentage

15.00%

14.00%

15.00%

14.00%

13.00%

Customer 2 [Member] | Performance Fibers Segment [Member]

Sales Revenue, Goods, Net, Percentage

11.00%

10.00%

11.00%

10.00%

12.00%

Customer 3 [Member] | Performance Fibers Segment [Member]

Sales Revenue, Goods, Net, Percentage

11.00%

[1]	Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.
[2]	First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investment for further information.
[3]	Included strategic timberland acquisitions of $426 million (including assumption of a $105 million loan), $5 million and $0 in 2011, 2010 and 2009, respectively.
[4]	Included $43 million of strategic capital expenditures related to the Jesup mill CSE in 2011.
[5]	Intersegment eliminations reflect sales from our Forest Resources segment to our Performance Fibers segment.
[6]	2011 included a $7 million increase in a disposition reserve. 2010 included a $12 million gain from the sale of a portion of the Company's interest in its New Zealand JV. 2009 included $205 million related to the AFMC. See Note 15 — Liabilities for Dispositions and Discontinued Operations, Note 5 — Joint Venture Investment and Note 8 — Income Taxes for additional information.

Fair Value Measurements Derivatives Not Designated as Hedging (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2011 USD ($) shares	Dec. 31, 2010 USD ($) shares	Dec. 31, 2009 USD ($)
Fuel oil or natural gas hedges [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, number of fuel oil or natural gas hedges outstanding \| shares	0	0
Other Income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Commodity swap agreements \| $	$ 0	$ 0	$ 1,286

The amount of net gains and losses recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments.

Fair Value Measurements Carrying Amounts and Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current maturities of long-term debt	$ (28,110)	$ (93,057)
Long-term debt	(819,229)	(675,103)
Carrying Amount
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	78,603	349,463
Current maturities of long-term debt	(28,110)	(93,057)
Long-term debt	(819,229)	(675,103)
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	78,603	349,463
Current maturities of long-term debt	(29,319)	(98,042)
Long-term debt	$ (994,851)	$ (783,080)

This element represents the portion of the balance sheet assertion valued at fair value by the entity whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Company may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months.

Fair Value Measurements Variable Interest Entity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2004
Variable Interest Entity [Line Items]
Type of Entity	bankruptcy-remote, limited liability subsidiary
Date involvement began	2004
Amount of installment note and letter of credit contributed to special purpose entity		$ 25.0
Amount of cash received		22.6
Interest cash payments received, net	immaterial cash payments
Classification of carrying amount of interest	"Other Assets"
Recorded liability for performance obligation	de minimus guarantee liability
Type of financial obligation	make-whole agreement
Cash to be received upon maturity	$ 2.6
Variable Interest Entity, Not Primary Beneficiary [Member]
Variable Interest Entity [Line Items]
Amount of notes issued by special purpose entity		$ 22.6
Term of notes issued by special purpose entity		15-year
Variable Interest Entity Investment	$ 2.6
Maturity date of notes issued by special purpose entity	2019

Fair Value Measurements Fair Values Measured on a Recurring Basis (Details) - Fair Value, Measurements, Recurring [Member] - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010
Carrying Value
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis [Line Items]
Investment in special-purpose entity	$ 2,690	$ 2,879
Level 2
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis [Line Items]
Investment in special-purpose entity	$ 2,690	$ 2,879

Joint Venture Investment (Details) $ / shares in Units, Acres in Millions, $ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2010 NZD ($)	Dec. 31, 2010 USD ($) $ / shares	Dec. 31, 2011 Acres
Schedule of Equity Method Investments [Line Items]
Acres Of Timberland Owned Managed \| Acres			2.7
Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee, Net of Tax		$ 11.5
Equity Method Investment, Realized Gain (Loss) on Disposal, Tax		$ 0.9
Equity Method Investment, Realized Gain (Loss) on Disposal, Per Share Amount \| $ / shares		$ 0.09
Matariki [Member]
Schedule of Equity Method Investments [Line Items]
Equity Method Investment, Ownership Percentage			26.00%
Acres Of Timberland Owned Managed \| Acres			0.3
Equity Method Investment Percentage of Ownership Decrease	35.00%
Proceeds From Issuance Of Common Stock By Equity Method Investee	$ 167
Equity Method Investment Joint Venture Outstanding Debt	$ 367
Sale of Stock, Percentage of Ownership before Transaction		40.00%
Sale of Stock, Percentage of Ownership after Transaction		26.00%

Timberland Acquisitions (Details) Acres in Thousands, $ in Thousands	3 Months Ended	12 Months Ended
	Dec. 31, 2011 USD ($) Acres	Dec. 31, 2011 USD ($) Acres	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)
Significant Acquisitions and Disposals [Line Items]
Funding from Assumption of Seller's Existing Debt		$ 105,000	$ 0	$ 0
Acquired timberland primarily located in MS, LA, OK and AL [Member]
Significant Acquisitions and Disposals [Line Items]
Significant Acquisitions and Disposals, Type	asset purchase
Acquisition Date	fourth quarter of 2011
Acres of Timberlands Acquired \| Acres	250
Description	timberland primarily located in Mississippi, Louisiana, Oklahoma and Alabama
Acquisition Purchase Price	$ 332,000	$ 332,000
Funding from Cash on Hand	107,000
Funding from Existing Revolving Credit Facility	120,000
Funding from Assumption of Seller's Existing Debt	105,000
Other timberland acquisitions [Member]
Significant Acquisitions and Disposals [Line Items]
Significant Acquisitions and Disposals, Type		asset purchases
Acquisition Date		throughout 2011
Acres of Timberlands Acquired \| Acres		58
Description		located in Florida, Georgia and Louisiana
Acquisition Purchase Price	$ 94,000	$ 94,000
Terms		funded with cash on hand or through the revolving credit facility

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2011	Dec. 31, 2010
Other Assets [Abstract]
Restricted Cash and Cash Equivalents	$ 0.0	$ 8.3
Unamortized Debt Issuance Expense	5.9	6.9
Capitalized Computer Software, Net	$ 8.6	$ 4.4

Income Taxes AFMC and CBPC (Details) - USD ($)	12 Months Ended
Income Taxes AFMC and CBPC (Details) - USD ($)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Income Tax Credits and Adjustments			$ 205,229,000
Alternative Fuel Mixture Credit [Member]
Tax Credit Amount per Gallon			0.50
Income Tax Credits and Adjustments	$ 0	$ 0	205,229,000
Cellulosic Biofuel Producer Credit
Tax Credit Amount per Gallon			$ 1.01
Income Tax Credits and Adjustments		$ 24,300,000
Exchange of Alternative Fuel Tax Benefit [Member]
Income Tax Credits and Adjustments	$ 5,800,000

Income Taxes Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Current:
U.S. federal	$ (26,893)	$ 973	$ (50,586)
State	(624)	(12)	(1,493)
Foreign	(342)	(1,242)	(517)
Total Current	(27,859)	(281)	(52,596)
Deferred:
U.S. federal	(2,079)	(14,554)	4,829
State	(1,066)	(1,283)	567
Foreign	(32)	69	839
Total Deferred	(3,177)	(15,768)	6,235
Changes in valuation allowance	679	832	25
Total	$ (30,357)	$ (15,217)	$ (46,336)

Income Taxes Income Tax Rate Reconciliation (Details)	12 Months Ended
Income Taxes Income Tax Rate Reconciliation (Details)	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Effective Income Tax Rate, Continuing Operations, Tax Rate Reconciliation [Abstract]
U.S. federal statutory income tax rate	35.00%	35.00%	35.00%
REIT income not subject to federal tax	(10.40%)	(16.80%)	(13.00%)
Income tax rate before non-routine items	24.60%	18.20%	22.00%
Installment note prepayment	(3.70%)	0.00%	0.00%
Built-in gains tax holiday	(1.90%)	0.00%	0.00%
CBPC	0.00%	(10.50%)	0.00%
AFMC	0.00%	0.00%	(13.30%)
CBPC for AFMC Exchange	(1.90%)	0.00%	0.00%
Taxing authority settlements and unrecognized tax benefit adjustments	(5.30%)	(1.10%)	4.60%
Other	(1.90%)	(0.10%)	(0.40%)
Income tax rate as reported	9.90%	6.50%	12.90%

Income Taxes Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010
Gross deferred tax assets:
Liabilities for dispositions and discontinued operations	$ 33,295	$ 34,416
Pension, postretirement and other employee benefits	62,382	37,653
Foreign and state NOL carryforwards	17,796	18,225
Tax credit carryforwards	4,443	13,795
Other	13,615	18,726
Total gross deferred tax assets	131,531	122,815
Less: Valuation allowance	(18,811)	(23,944)
Total deferred tax assets after valuation allowance	112,720	98,871
Gross deferred tax liabilities:
Accelerated depreciation	(62,594)	(65,683)
Repatriation of foreign earnings	(5,030)	(4,959)
Other	(4,021)	(5,309)
Total gross deferred tax liabilities	(71,645)	(75,951)
Net deferred tax asset	41,075	22,920
Net deferred tax asset (liability):
Current portion of deferred tax asset	17,133	15,506
Noncurrent portion of deferred tax asset	30,211	14,190
Noncurrent portion of deferred tax liability	(6,269)	(6,776)
Net deferred tax asset	$ 41,075	$ 22,920

Income Taxes NOL Carryforwards (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
NOL Carryforwards
Total Valuation Allowance	$ (18,811)	$ (23,944)
New Zealand
NOL Carryforwards
Gross Amount	17,394
Valuation Allowance	$ (4,870)
Expiration	None
State
NOL Carryforwards
Gross Amount	$ 226,889
Valuation Allowance	$ (12,926)
Expiration	15 years

The portion of the valuation allowance pertaining to the deferred tax asset representing potential future taxable deductions from net operating loss carryforwards for which it is more likely than not that a tax benefit will not be realized.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 17
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 48
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 30
-Paragraph 5
-Subparagraph (e)
-URI http://asc.fasb.org/extlink&oid=6907311&loc=d3e30536-109315

Income Taxes Tax Credit Carryforwards (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2011 USD ($)
State and Foreign Tax Credits
Tax Credit Carryforward
Gross Amount	$ 3,418
Valuation Allowance	$ (1,015)
Expiration	10 years
Cellulosic Biofuel Producer Credit
Tax Credit Carryforward
Gross Amount	$ 1,025
Valuation Allowance	$ 0
Expiration	4 years

The portion of the deferred tax asset arising from a tax credit carryforward for which it is more likely than not that a tax benefit will not be realized.

Unrecognized tax benefits that, if recognized, would affect the effective tax rate

Income Taxes Excess Tax Benefits (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Income Tax Effects Allocated Directly to Equity [Abstract]
Stock-based compensation excess tax benefits credited directly to shareholders' equity	$ 5.7	$ 5.4

Income Taxes Unrecognized Tax Benefits (Details) - USD ($)

3 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Income Tax Contingency [Line Items]

Balance at January 1,

$ 22,580,000

$ 17,973,000

$ 3,906,000

(16,000,000)

^[1]

(1,057,000)

(533,000)

5,780,000

16,000,000

^[1]

Payments

(116,000)

(1,400,000)

Balance at December 31,

6,580,000

22,580,000

17,973,000

Unrecognized Tax Benefits Narrative

2,600,000

18,600,000

18,000,000

Unrecognized tax benefits that, if recognized, would decrease prepaid tax assets

4,000,000

Interest (benefit) expense on unrecognized income tax benefits

(300,000)

$ 300,000

Liabilities for the payment of interest and penalties

200,000

$ 600,000

Taxability of the alternative fuel mixture credit

Income Tax Contingency [Line Items]

Tax benefit recognized for final examination of uncertain tax position

$ (16,000,000)

[1]	(a) During 2011, the Company received a final examination report from the IRS regarding its TRS 2009 tax return. As a result, Rayonier reversed the uncertain tax liability recorded in 2009 relating to the taxability of the AFMC and recognized a $16 million tax benefit in the third quarter of 2011.

Income Taxes Tax Statutes (Details)	12 Months Ended
Income Taxes Tax Statutes (Details)	Dec. 31, 2011
U.S. Internal Revenue Service
Income Tax Examination
Open Tax Periods	2008 – 2011
State of Alabama
Income Tax Examination
Open Tax Periods	2008 – 2011
State of Florida
Income Tax Examination
Open Tax Periods	2005 – 2011
State of Georgia
Income Tax Examination
Open Tax Periods	2008 – 2011
New Zealand Inland Revenue
Income Tax Examination
Open Tax Periods	2007 – 2011

Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Earnings Per Share [Abstract]

Net income

$ 56,230

^[1]

$ 104,909

^[2]

$ 56,454

$ 58,412

$ 59,171

^[3]

$ 62,904

$ 38,558

$ 56,953

^[4]

$ 276,005

$ 217,586

$ 312,541

Shares used for determining basic earnings per share

121,662,985

120,240,275

118,578,719

Dilutive Effect of:

Stock Options

702,693

593,768

549,147

Performance and restricted shares

982,951

1,034,319

902,585

Assumed conversion of Senior Exchangeable Notes

^[5]

1,895,762

Assumed conversion of warrants

149,900

Shares used for determining diluted earnings per common share

125,394,291

121,868,362

120,030,451

Basic earnings per share

$ 0.46

^[6]

$ 0.86

^[6]

$ 0.46

^[6]

$ 0.48

^[6]

$ 0.49

^[6]

$ 0.52

^[6]

$ 0.32

^[6]

$ 0.48

^[6]

$ 2.27

^[6]

$ 1.81

^[6]

$ 2.63

Diluted earnings per share

$ 0.45

^[6]

$ 0.84

^[6]

$ 0.45

^[6]

$ 0.47

^[6]

$ 0.48

^[6]

$ 0.51

^[6]

$ 0.32

^[6]

$ 0.47

^[6]

$ 2.20

^[6]

$ 1.79

^[6]

$ 2.60

Stock Split, Description

[1]	Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.
[2]	Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.
[3]	Fourth quarter 2010 included a tax benefit of $24.3 million related to the CBPC. See Note 8 — Income Taxes.
[4]	First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investment for further information.
[5]	Upon maturity of the Senior Exchangeable Notes (the "Notes"), Rayonier will not issue additional shares for the Notes due to the offsetting exchangeable note hedges (the "hedges"). However, Accounting Standards Codification 260, Earnings Per Share requires the assumed conversion of the Notes to be included in dilutive shares if the average stock price for the period exceeds the strike prices, while the assumed conversion of the hedges are excluded since they are anti-dilutive. Rayonier will distribute additional shares upon maturity of the warrants if the stock price exceeds the strike price. For additional information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt.
[6]	The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for further information.

Earnings Per Common Share Schedule of Antidilutive Shares (Details) - shares

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

2,057,548

308,421

1,449,029

Stock Compensation Plan [Member]

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

161,786

308,421

1,449,029

Contingently Issuable Shares [Member]

Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

^[1]

1,895,762

[1]

Upon maturity of the Senior Exchangeable Notes (the "Notes"), Rayonier will not issue additional shares for the Notes due to the offsetting exchangeable note hedges (the "hedges"). However, Accounting Standards Codification 260, Earnings Per Share requires the assumed conversion of the Notes to be included in dilutive shares if the average stock price for the period exceeds the strike prices, while the assumed conversion of the hedges are excluded since they are anti-dilutive. Rayonier will distribute additional shares upon maturity of the warrants if the stock price exceeds the strike price. For additional information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt.

Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 13, 14
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (c)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Diluted Earnings Per Share
-URI http://asc.fasb.org/extlink&oid=6510752

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Contingent Stock Agreement
-URI http://asc.fasb.org/extlink&oid=6508534

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Manufacturing and maintenance supplies

Inventory (Details) - USD ($)
$ in Thousands

Dec. 31, 2011

Dec. 31, 2010

Inventory, Net [Abstract]

Finished goods

^[1]

$ 96,261

$ 84,013

Work in progress

5,544

6,041

Raw materials

18,295

17,517

1,898

2,464

Total inventory

121,998

110,035

Inventory, Real Estate, Held for Development and Sale [Abstract]

Inventory, Real Estate, Held-for-sale

$ 8,300

$ 2,900

[1]	Includes $8.3 million and $2.9 million of HBU real estate held for sale at December 31, 2011 and 2010, respectively.

Carrying amount as of the balance sheet date of products used directly or indirectly in the manufacturing or production process, which may or may not become part of the final product. May also include items used in the storage, presentation or transportation of physical goods.

Debt Schedule of Long-Term Debt Instruments (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Aug. 01, 2009

Oct. 01, 2007

Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months

^[1]

$ 323,110

Long-term Debt, Maturities, Repayments of Principal in Year Two

Long-term Debt, Maturities, Repayments of Principal in Year Three

112,500

Long-term Debt, Maturities, Repayments of Principal in Year Four

172,500

Long-term Debt, Maturities, Repayments of Principal in Year Five

150,000

Long-term Debt, Maturities, Repayments of Principal after Year Five

99,000

Long-term Debt, Current Maturities

847,339

$ 768,160

(28,110)

(93,057)

Long-term Debt, Excluding Current Maturities

819,229

675,103

Long-term Debt, Gross

857,110

Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% [Member]

Debt Instrument, Debt Maturing in Less than One Year, Classified as Long-term Debt

295,000

^[1]

$ 294,622

$ 288,135

Debt Instrument, Convertible, Effective Interest Rate

3.75%

6.21%

Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]

^[1]

$ 163,525

$ 161,358

Debt Instrument, Convertible, Effective Interest Rate

4.50%

6.21%

Installment note due 2011 at a fixed interest rate of 8.49% (retired in 2011) [Member]

$ 93,057

Installment note due 2014 at a fixed interest rate of 8.64% [Member]

8.49%

$ 112,500

112,500

Secured Mortgage Notes Assumed with Timberland Acquisition [Member]

8.64%

^[2]

$ 88,582

4.35%

Bonds [Member]

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum

$ 38,110

38,110

1.65%

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum

1.60%

March 2015 Term Loan [Member]

Debt Instrument, Interest Rate at Period End

$ 75,000

3.02%

April 2011 Line of Credit [Member]

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum

$ 150,000

1.35%

Debt Instrument, Interest Rate, Effective Percentage Rate Range, Minimum

1.34%

[1]

[2]

The mortgage notes due in 2017 were recorded at fair value, which increased the book value by $4.6 million as of December 31, 2011. Upon maturity the liability will be $84.0 million.

Debt Line of Credit Facility (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Apr. 30, 2011
August 2006 Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 250
Line of Credit Facility, Scheduled Expiration Date	August 2011
April 2011 Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date	April 2011
Line of Credit Facility, Term	five year
Line of Credit Facility, Maximum Borrowing Capacity Before Increase	$ 300
Line of Credit Facility, Maximum Borrowing Capacity	$ 450
Line of Credit Facility, Scheduled Expiration Date	April 2016
Line of Credit Facility, Interest Rate Description	LIBOR plus 105 basis points
Line of Credit Facility, Commitment Fee Description	20 basis points
Line of Credit Facility, Remaining Borrowing Capacity	$ 295
Line of Credit Facility, Amount to Secure Standby Letters of Credit	$ 5

Debt Secured Mortgage Notes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Debt Instrument [Line Items]
Noncash or Part Noncash Acquisition, Debt Assumed	$ 105,000	$ 0	$ 0
Secured Mortgage Notes Assumed with Timberland Acquisition [Member]
Debt Instrument [Line Items]
Debt Instrument, Unamortized Premium	$ 4,600
Noncash or Part Noncash Acquisition, Debt Assumed, Date	November 2011
Debt Instrument, Collateral	approximately 250,000 acres of timberlands
Noncash or Part Noncash Acquisition, Debt Assumed	$ 105,000
Debt Instrument, Interest Rate, Stated Percentage	4.35%
Debt Instrument, Term	seven years
Debt Instrument, Maturity Date	Aug. 01, 2017
Repayments of Secured Debt	$ 21,000
Debt Instrument, Outstanding Principal	$ 84,000

Debt Term Loan (Details) - March 2015 Term Loan [Member] $ in Millions	12 Months Ended
	Dec. 31, 2011 USD ($)
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	March 2010
Debt Instrument, Term	five-year
Debt Instrument, Interest Rate Terms	LIBOR plus 275 basis points
Extinguishment of Debt, Amount	$ 75
Date of Early Extinguishment of Debt	March 2011

Debt Schedule of Convertible Debt (Details) $ in Thousands	12 Months Ended
Debt Schedule of Convertible Debt (Details) $ in Thousands	Dec. 31, 2011 USD ($) $ / shares shares	Dec. 31, 2010 USD ($)	Dec. 31, 2009 USD ($)	Aug. 01, 2009 USD ($)	Oct. 01, 2007 USD ($)
Schedule of Convertible Debt [Line Items]
Amortization of Debt Discount (Premium)	$ 8,654	$ 8,160	$ 6,517
Debt Instrument, Convertible, Interest Expense	27,667	27,173	$ 20,678
Convertible Debt	458,147	449,493
Debt Instrument, Convertible, Carrying Amount of Equity Component	$ 28,092	$ 28,092
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% [Member]
Schedule of Convertible Debt [Line Items]
Debt Instrument, Issuance Date	October 2007
Debt Instrument, Convertible, Effective Interest Rate	6.21%	6.21%	6.21%
Interest Expense, Debt, Excluding Amortization	$ 11,250	$ 11,250	$ 11,250
Amortization of Debt Discount (Premium)	$ 6,487	6,115	$ 5,767
Debt Instrument, Interest Rate, Stated Percentage	3.75%				3.75%
Debt Instrument, Convertible, Terms of Conversion Feature	27.47 shares per $1,000 principal
Debt Instrument, Convertible, Conversion Price \| $ / shares	$ 36.41
Option Indexed to Issuer's Equity, Indexed Shares \| shares	8,239,920
Conversion Premium	22.00%
Effective Conversion Premium	40.00%
Effective Conversion Price \| $ / shares	$ 41.78
Option Indexed to Issuer's Equity, Strike Price \| $ / shares	36.41
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares	41.78
Debt Instrument Date of Maturity	2012
Debt Instrument, Face Amount	$ 300,000	300,000			$ 300,000
Debt Instrument, Unamortized Discount	$ (5,378)	$ (11,865)
Debt Instrument, Maturity Date	Oct. 15, 2012
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]
Schedule of Convertible Debt [Line Items]
Debt Instrument, Issuance Date	August 2009
Debt Instrument, Convertible, Effective Interest Rate	6.21%	6.21%	6.21%
Interest Expense, Debt, Excluding Amortization	$ 7,763	$ 7,763	$ 2,911
Amortization of Debt Discount (Premium)	$ 2,167	2,045	$ 750
Debt Instrument, Interest Rate, Stated Percentage	4.50%			4.50%
Debt Instrument, Convertible, Terms of Conversion Feature	29.97 shares per $1,000 principal
Debt Instrument, Convertible, Conversion Price \| $ / shares	$ 33.37
Option Indexed to Issuer's Equity, Indexed Shares \| shares	5,169,653
Conversion Premium	22.50%
Effective Conversion Premium	46.00%
Effective Conversion Price \| $ / shares	$ 39.85
Option Indexed to Issuer's Equity, Strike Price \| $ / shares	33.37
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / shares	39.85
Debt Instrument Date of Maturity	2015
Debt Instrument, Face Amount	$ 172,500	172,500		$ 172,500
Debt Instrument, Unamortized Discount	$ (8,975)	$ (11,142)
Debt Instrument, Maturity Date	Aug. 15, 2015

Debt Debt Covenants (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
Debt Debt Covenants (Details) - USD ($) $ in Thousands	Mar. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Long-term Debt		$ 847,339	$ 768,160
Debt Instrument, Covenant Compliance		the Company is in compliance with all covenants
Debt Covenant Requirement, Threshold for Individual Sales of Timberlands for Application of Covenant Requirements		$ 10,000
Covenant EBITDA to Consolidated Interest Expense [Member]
Debt Covenant Requirement, Ratio		2.50 to 1
Debt Covenant Requirement, Actual at Period End, Ratio		9.79 to 1
Debt Covenant Requirement, Amount Favorable or (Unfavorable), Ratio		7.29
Total Debt to Covenant EBITDA [Member]
Debt Covenant Requirement, Ratio		4.00 to 1
Debt Covenant Requirement, Actual at Period End, Ratio		1.72 to 1
Debt Covenant Requirement, Amount Favorable or (Unfavorable), Ratio		2.28
RFR Cash Flow Available for Fixed Charges to RFR Fixed Charges Ratio [Member]
Debt Covenant Requirement, Ratio		2.50 to 1
Debt Covenant Requirement, Actual at Period End, Ratio		14.98 to 1
Debt Covenant Requirement, Amount Favorable or (Unfavorable), Ratio		12.48
Dividends Paid to Covenant FFO Ratio [Member]
Debt Instrument, Covenant Description		The Company’s dividend restriction covenant limits the sum of dividends in any period of four fiscal quarters to 90 percent of Covenant Funds from Operations ("Covenant FFO") plus the aggregate amount of dividends permitted under Covenant FFO in excess of the amount of dividends paid during the prior four fiscal quarters.
Debt Covenant Requirement, Percentage		90.00%
Debt Covenant Requirement, Actual at Period End, Percentage		46.00%
Debt Covenant Requirement, Amount Favorable or (Unfavorable) at Period End, Percentage		44.00%
Reinvestment of Excess Timberland Sales Proceeds [Member]
Debt Instrument, Covenant Description		An asset sales covenant in the RFR installment note related agreements requires the Company, subject to certain exceptions, to either reinvest cumulative timberland sale proceeds for individual sales greater than $10 million (the "excess proceeds") in timberland-related investments or, once the amount of excess proceeds not reinvested exceeds $50 million, to offer the note holders prepayment of the notes ratably in the amount of the excess proceeds.
Debt Covenant Requirement, Limit of Non-reinvestment of Excess Timberland Sales Proceeds	$ 50,000
Debt Covenant Requirement, Date of Repayment Offer	March 2010
Debt Covenant Requirement, Amount of Repayment Offer	$ 53,000
Debt Covenant Requirement, Excess Timberland Sales Proceeds After Repayment Offer	zero
Debt Covenant Requirement, Excess Timberland Sales Proceeds		$ 37,500	27,200
Installment note due 2014 at a fixed interest rate of 8.64% [Member]
Long-term Debt		$ 112,500	$ 112,500

Shareholders' Equity (Details) - USD ($)

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

^[2]

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stockholders' Equity Attributable to Parent, Period Start

$ 1,251,582,000

$ 1,146,206,000

$ 1,251,582,000

$ 1,146,206,000

$ 938,937,000

Net income

$ 56,230,000

^[1]

$ 104,909,000

$ 56,454,000

58,412,000

$ 59,171,000

^[3]

$ 62,904,000

$ 38,558,000

56,953,000

^[4]

276,005,000

217,586,000

312,541,000

Dividends

(186,828,000)

(164,514,000)

(158,486,000)

Issuance of shares under incentive stock plans

13,451,000

26,314,000

11,115,000

Equity portion of convertible debt

8,850,000

Exchangeable Notes Hedge Purchased and Warrants Sold

(2,391,000)

Share-based compensation

16,181,000

15,223,000

15,754,000

Excess tax benefit on stock-based compensation

5,681,000

5,411,000

2,720,000

Repurchase of common shares

(7,909,000)

(6,028,000)

(1,388,000)

Net gain (loss) from pension and postretirement plans

(46,263,000)

6,385,000

4,879,000

Foreign currency translation adjustment

3,546,000

4,162,000

15,980,000

Stockholders' Equity Attributable to Parent, Period End

(2,373,000)

837,000

(2,305,000)

1,323,073,000

1,251,582,000

1,323,073,000

1,251,582,000

1,146,206,000

Dividends [Abstract]

Common Stock, Dividends, Per Share, Taxable as Capital Gains

$ 1.52

$ 1.36

1.03

Common Stock, Dividends, Per Share, Non-taxable

$ 0.30

Common Stock, Dividends, Per Share, Declared

$ 1.52

$ 1.36

$ 1.33

Common Stock Including Additional Paid in Capital [Member]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stockholders' Equity Attributable to Parent, Period Start

$ 602,882,000

$ 561,962,000

$ 602,882,000

$ 561,962,000

$ 527,302,000

Shares, Issued

121,023,140

119,312,961

121,023,140

119,312,961

118,221,646

Issuance of shares under incentive stock plans

$ 13,451,000

$ 26,314,000

$ 11,115,000

Issuance of shares under incentive stock plans, Shares

1,220,731

1,914,341

1,165,358

Equity portion of convertible debt

$ 8,850,000

Exchangeable Notes Hedge Purchased and Warrants Sold

(2,391,000)

Share-based compensation

$ 16,181,000

$ 15,223,000

15,754,000

Excess tax benefit on stock-based compensation

5,681,000

5,411,000

2,720,000

Repurchase of common shares

$ (7,909,000)

$ (6,028,000)

$ (1,388,000)

Stock repurchased during period, Shares

(208,694)

(204,162)

(74,043)

Stockholders' Equity Attributable to Parent, Period End

$ 630,286,000

$ 602,882,000

$ 630,286,000

$ 602,882,000

$ 561,962,000

Shares, Issued

122,035,177

121,023,140

119,312,961

121,023,140

119,312,961

118,221,646

Retained Earnings [Member]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stockholders' Equity Attributable to Parent, Period Start

$ 717,058,000

$ 663,986,000

$ 717,058,000

$ 663,986,000

$ 509,931,000

Net income

276,005,000

217,586,000

312,541,000

Dividends

(186,828,000)

(164,514,000)

(158,486,000)

Stockholders' Equity Attributable to Parent, Period End

$ 806,235,000

$ 717,058,000

806,235,000

717,058,000

663,986,000

Accumulated Other Comprehensive Income (Loss) [Member]

Increase (Decrease) in Stockholders' Equity [Roll Forward]

Stockholders' Equity Attributable to Parent, Period Start

$ (68,358,000)

$ (79,742,000)

(68,358,000)

(79,742,000)

(98,296,000)

Net gain (loss) from pension and postretirement plans

(46,263,000)

6,385,000

4,879,000

Foreign currency translation adjustment

3,546,000

4,162,000

15,980,000

Stockholders' Equity Attributable to Parent, Period End

(2,373,000)

837,000

(2,305,000)

$ (113,448,000)

$ (68,358,000)

$ (113,448,000)

$ (68,358,000)

$ (79,742,000)

[1]	Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.
[2]	Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.
[3]	Fourth quarter 2010 included a tax benefit of $24.3 million related to the CBPC. See Note 8 — Income Taxes.
[4]	First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investment for further information.

Accumulated Other Comprehensive Income/(Loss) (Details) - USD ($)
$ in Thousands

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Foreign currency translation adjustments

^[1]

$ 34,477

$ 30,931

Unrecognized components of employee benefit plans, net of tax

^[2]

(3,841)

(1,468)

^[3]

(144,084)

(97,821)

Total

(113,448)

(68,358)

Pension Plans, Defined Benefit [Member]

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Unrecognized components of employee benefit plans, net of tax

$ (137,334)

$ (92,811)

Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate

4.20%

5.25%

5.80%

[1]	During the year ended December 31, 2011, the increase in net foreign currency translation adjustments was due to the strengthening of the New Zealand dollar against the U.S. dollar.
[2]	Rayonier records its proportionate share of the JV’s cash flow hedges, as increases or decreases to "Investment in Joint Venture" with corresponding adjustments to "Accumulated other comprehensive loss" in the Company’s Consolidated Balance Sheets.
[3]	The increase in the unrecognized components of employee benefit plans was mainly due to actuarial losses resulting from a decrease in the discount rate from 5.25 percent as of December 31, 2010 to 4.20 percent as of December 31, 2011. See Note 20 — Employee Benefit Plans for additional information.

The total of net gain (loss), prior service cost (credit), and transition assets (obligations), as well as minimum pension liability if still remaining, included in accumulated other comprehensive income associated with a defined benefit pension or other postretirement plan(s) because they have yet to be recognized as components of net periodic benefit cost.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e637-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e681-108580

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 13
-URI http://asc.fasb.org/extlink&oid=6920043&loc=d3e653-108580

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (i)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

Lease income, primarily for hunting

Other Operating Income, Net (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 13,071

$ 12,144

$ 13,578

Other non-timber income

2,145

2,822

3,321

AFMC (Note 8)

205,229

Loss on sale or disposal of property plant & equipment

(7,412)

^[1]

(871)

(2,695)

Environmental and disposition reserve adjustments

(5,989)

^[2]

(3,201)

(682)

Miscellaneous income (expense), net

2,014

(375)

2,421

Total

3,829

10,519

221,172

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

$ 6,873

$ 3,201

$ 2,111

Gain (Loss) on Sale of Property Plant Equipment [Abstract]

Description of PP&E write-off

write-off related to process equipment changes needed for the CSE project

Amount of PP&E write-off

$ 5,500

Port Angeles Increase in Disposition Reserve [Member]

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

$ 6,500

[1]	2011 included a $5.5 million write-off related to process equipment changes needed for the CSE project.
[2]	2011 included a $6.5 million increase in a disposition reserve for a closed mill site. For additional information, see Note 15 —Liabilities for Dispositions and Discontinued Operations.

Liabilities for Dispositions and Discontinued Operations Analysis of Activity (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Accrual for Environmental Loss Contingencies [Roll Forward]
Balance, January 1	$ 93,160	$ 98,591	$ 104,575
Expenditures charged to liabilities	(9,209)	(8,632)	(8,095)
Increase to liabilities	6,873	3,201	2,111
Balance, December 31	90,824	93,160	98,591
Less: Current Portion	(9,931)	(11,500)	(10,648)
Non-Current Portion	$ 80,893	$ 81,660	$ 87,943

Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable in twelve months or in the next operating cycle if longer.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 20
-Article 5

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 96-1
-Paragraph 161, 163
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14326-108349

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13207-110859

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6361293&loc=d3e6911-107765

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 410
-SubTopic 30
-Section 50
-Paragraph 10
-Subparagraph (d)(1)
-URI http://asc.fasb.org/extlink&oid=6393242&loc=d3e13237-110859

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Chapter 3
-Section A
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Liabilities for Dispositions and Discontinued Operations Site Liabilities Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2008
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	$ 90,824	$ 93,160	$ 98,591	$ 104,575
Expenditures	(9,209)	(8,632)	(8,095)
Increase (Reduction) to Liabilities	6,873	3,201	2,111
Augusta, Georgia [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	13,900	14,900	15,100
Expenditures	(1,100)	(1,300)
Increase (Reduction) to Liabilities	100	1,100
Spartanburg, South Carolina [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	14,700	14,300	14,900
Expenditures	(1,000)	(800)
Increase (Reduction) to Liabilities	1,400	200
East Point, Georgia [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	11,000	12,300	14,700
Expenditures	(1,300)	(1,100)
Increase (Reduction) to Liabilities	0	(1,300)
Baldwin, Florida [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	9,700	10,000	8,400
Expenditures	(800)	(800)
Increase (Reduction) to Liabilities	500	2,400
Other SWP sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	26,300	31,800	35,400
Expenditures	(2,200)	(2,000)
Increase (Reduction) to Liabilities	(3,300)	(1,600)
Total SWP sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	75,600	83,300	88,500
Expenditures	(6,400)	(6,000)
Increase (Reduction) to Liabilities	(1,300)	800
Port Angeles, Washington [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	9,300	4,400	4,400
Expenditures	(2,200)	(2,000)
Increase (Reduction) to Liabilities	7,100	2,000
All other sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	5,900	5,500	$ 5,700
Expenditures	(600)	(600)
Increase (Reduction) to Liabilities	$ 1,000	$ 400

Liabilities for Dispositions and Discontinued Operations Site Liabilities Narrative (Details) - USD ($) $ in Thousands	12 Months Ended					180 Months Ended	240 Months Ended	408 Months Ended	732 Months Ended	780 Months Ended	816 Months Ended	924 Months Ended
	Dec. 31, 2016	Dec. 31, 2014	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009	Dec. 31, 2026	Dec. 31, 2031	Dec. 31, 1987	Dec. 31, 1988	Dec. 31, 1989	Dec. 31, 1997	Dec. 31, 1984
Site Contingency [Line Items]
Increase to liabilities			$ 6,873	$ 3,201	$ 2,111
Augusta, Georgia [Member]
Site Contingency [Line Items]
Site Contingency, Type of Operation									wood treatment plant
Site Contingency, Years in Operation									1928 to 1988
Site Contingency, Permit Type			10-year hazardous waste permit issued pursuant to RCRA
Site Contingency, Permit Expiration Date		2014
Site Contingency, Environmental Remediation Costs Recognized			The majority of visually contaminated surface soils have been removed, and remediation activities currently consist of a groundwater recovery system.
Site Contingency, Factors Changing Estimate			Current cost estimates could change if recovery or discharge volumes increase or decrease significantly, or if changes to current remediation activities are required in the future.
Total Spending-to-Date			$ 66,500
Date through which Recorded Liabilities Cover Estimated Obligations							through 2031
Increase to liabilities			$ 100	1,100
Spartanburg, South Carolina [Member]
Site Contingency [Line Items]
Site Contingency, Type of Operation										wood treatment plant
Site Contingency, Years in Operation										1925 to 1989
Site Contingency, Environmental Remediation Costs Recognized			Remediation activities include: (1) a recovery system and biological wastewater treatment plant, (2) an ozone-sparging system treating soil and groundwater and (3) an ion-exchange resin system treating groundwater. The cost estimate includes potential remediation of identified off-site areas which appear to have been impacted from a portion of the former operating plant.
Site Contingency, Indication Accrual May Change			SWP is currently negotiating a consent decree with the South Carolina Department of Health and Environmental Control which will govern future investigatory and assessment activities at the site. Additional remedial actions may be required in the future. Therefore, current cost estimates could change.
Total Spending-to-Date			$ 37,900
Date through which Recorded Liabilities Cover Estimated Obligations							through 2031
Increase to liabilities			$ 1,400	200
East Point, Georgia [Member]
Site Contingency [Line Items]
Site Contingency, Type of Operation												wood treatment plant
Site Contingency, Years in Operation												1908 to 1984
Site Contingency, Permit Type			10-year RCRA hazardous waste permit, which is currently in the renewal process
Site Contingency, Environmental Remediation Costs Recognized			In 2009, SWP entered into a consent order with the Environmental Protection Division of the Georgia Department of Natural Resources which requires that SWP perform certain additional investigatory, analytical and potentially, remedial activity. Therefore, while active remedial measures are currently ongoing, additional remedial measures may be necessary in the future.
Total Spending-to-Date			$ 20,000
Date through which Recorded Liabilities Cover Estimated Obligations							through 2031
Increase to liabilities			$ 0	(1,300)
Baldwin, Florida [Member]
Site Contingency [Line Items]
Site Contingency, Type of Operation								wood treatment plant
Site Contingency, Years in Operation								1954 to 1987
Site Contingency, Permit Type			10-year hazardous waste permit issued pursuant to RCRA
Site Contingency, Permit Expiration Date	2016
Site Contingency, Environmental Remediation Costs Recognized			Visually contaminated surface soils have been removed, and current remediation activities primarily consist of a groundwater recovery system. Investigation and assessment of other potential areas of concern are ongoing in accordance with the facility's RCRA permit
Site Contingency, Factors Changing Estimate			additional remedial activities may be necessary in the future. Therefore, current cost estimates could change.
Total Spending-to-Date			$ 19,700
Date through which Recorded Liabilities Cover Estimated Obligations						through 2026
Increase to liabilities			500	2,400
Other SWP sites [Member]
Site Contingency [Line Items]
Increase to liabilities			(3,300)	(1,600)
Total SWP sites [Member]
Site Contingency [Line Items]
Increase to liabilities			$ (1,300)	800
Port Angeles, Washington [Member]
Site Contingency [Line Items]
Site Contingency, Type of Operation											dissolving pulp mill
Site Contingency, Years in Operation											1930 until 1997
Site Contingency, Environmental Remediation Costs Recognized			The site and the adjacent marine areas (a portion of Port Angeles harbor) have been in various stages of the assessment process under the Washington Model Toxics Control Act ("MTCA") since about 2000, and several voluntary interim soil clean-up actions have also been performed during this time. In 2010, the Company entered into an agreed order with the Washington Department of Ecology ('Ecology"), under which the MTCA investigatory, assessment and feasibility and alternatives study process will be completed on a set timetable, subject to approval of all reports and studies by Ecology.
Site Contingency, Factors Changing Estimate			Upon completion of all work required under the agreed order and negotiation of an approved remedy, additional remedial measures for the site and adjacent marine areas may be necessary in the future.
Total Spending-to-Date			$ 39,500
Date through which Recorded Liabilities Cover Estimated Obligations						The Company's recorded liabilities cover its obligations for estimated assessment, remediation and monitoring obligations that are deemed probable and estimable at this time
Increase to liabilities			7,100	2,000
Port Angeles Increase in Disposition Reserve [Member]
Site Contingency [Line Items]
Increase to liabilities			$ 6,500
Environmental Cost Recognized, Caption			"other operating income, net"
All other sites [Member]
Site Contingency [Line Items]
Increase to liabilities			$ 1,000	$ 400

Liabilities for Dispositions and Discontinued Operations General Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2011 USD ($)
Environmental Remediation Obligations [Abstract]
Estimated 2012 Environmental Expenditures	$ 10
Estimated 2013 Environmental Expenditures	$ 8
Environmental Expenditures, Balance Sheet Caption	liabilities for dispositions and discontinued operations
Description of Remedial Actions	Remedial actions for these sites vary, but include on-site (and in certain cases off-site) removal or treatment of contaminated soils and sediments, recovery and treatment/remediation of groundwater, and source remediation and/or control.
Environmental Contingency, Loss Exposure in Excess of Accrual, High Estimate	$ 29
Environmental Applicability, Impact and Conclusion Disclosures	In addition, the Company is exposed to the risk of reasonably possible additional losses in excess of the established liabilities. As of December 31, 2011, this amount could range up to $29 million, allocable over several of the applicable sites, and arises from uncertainty over the availability, feasibility or effectiveness of certain remediation technologies, additional or different contamination that may be discovered, development of new or more effective environmental remediation technologies and the exercise of discretion in interpretation of applicable law and regulations by governmental agencies.
Port Angeles, Washington [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Status of Dispositions and Discontinued Operations	closed in 1997
Total SWP sites [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Status of Dispositions and Discontinued Operations	ceased operations in 1989 except for investigation and remediation activities
Total SWP sites [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Applicability and Impact of Environmental Laws	SWP owns or has liability for ten inactive former wood treating sites that are subject to the Resource Conservation and Recovery Act ("RCRA"), the Comprehensive Environmental Response, Compensation and Liability Act of 1980 and/or other similar federal or state statutes relating to the investigation and remediation of environmentally-impacted sites.

Guarantees (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2011

USD ($)

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 51,856

Recorded liability for performance obligation

$ 39,515

de minimus guarantee liability

Financial Standby Letter of Credit [Member]

Guarantor Obligations Collateral for Industrial Revenue Bonds

$ 39,000

Guarantor Obligations, Maximum Exposure, Undiscounted

43,142

^[1]

Guarantor Obligations, Term

$ 38,110

^[1]

various dates during 2012

Financial Guarantee [Member]

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 2,555

^[2]

Recorded liability for performance obligation

$ 43

^[2]

de minimus liability

Guarantee Type, Other [Member]

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 6,159

^[3]

Guarantor Obligations, Term

$ 1,362

^[3]

various dates between 2012 and 2014

[1]	Approximately $39 million of the standby letters of credit serve as credit support for industrial revenue bonds. The remaining letters of credit support various insurance related agreements, primarily workers’ compensation and pollution liability policy requirements. These letters of credit will expire at various dates during 2012 and will be renewed as required.
[2]	In conjunction with a timberland sale and note monetization in the first quarter of 2004, the Company issued a make-whole agreement pursuant to which it guaranteed $2.6 million of obligations of a special-purpose entity that was established to complete the monetization. At December 31, 2011, the Company has recorded a de minimus liability to reflect the fair market value of its obligation to perform under the make-whole agreement.
[3]	Rayonier issues surety bonds primarily to secure timber harvesting obligations in the State of Washington and to provide collateral for the Company’s workers’ compensation self-insurance program in that state. These surety bonds expire at various dates between 2012 and 2014 and are expected to be renewed as required.

Commitments (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

Operating Leases, Future Minimum Payments Due [Abstract]

Operating Leases, Future Minimum Payments Due, Current

$ 10,935

Operating Leases, Future Minimum Payments, Due in Two Years

10,441

Operating Leases, Future Minimum Payments, Due in Three Years

9,511

Operating Leases, Future Minimum Payments, Due in Four Years

8,258

Operating Leases, Future Minimum Payments, Due in Five Years

7,884

Operating Leases, Future Minimum Payments, Due Thereafter

57,022

Operating Leases, Future Minimum Payments Due

$ 104,051

Timber Properties [Member]

Leases, Operating [Abstract]

Description of Lessee Leasing Arrangements, Operating Leases

The Company also has long-term leases on certain timberlands in the Southern U.S. These leases typically have initial terms of approximately 30 to 65 years, with renewal provisions in some cases. Such leases are generally non-cancellable and require minimum annual rental payments.

Operating Leases of Lessee, Contingent Rentals, Description of Variable Rate Basis

The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index or Producer Price Index.

Expenditures for Long-Term Leases and Deeds on Timberlands

$ 7,300

$ 7,200

$ 7,600

Operating Leases, Future Minimum Payments Due [Abstract]

Operating Leases, Future Minimum Payments Due, Current

^[1]

7,519

Operating Leases, Future Minimum Payments, Due in Two Years

^[1]

7,498

Operating Leases, Future Minimum Payments, Due in Three Years

^[1]

7,031

Operating Leases, Future Minimum Payments, Due in Four Years

^[1]

6,812

Operating Leases, Future Minimum Payments, Due in Five Years

^[1]

6,715

Operating Leases, Future Minimum Payments, Due Thereafter

^[1]

54,319

Operating Leases, Future Minimum Payments Due

^[1]

89,894

Buildings, Machinery and Equipment [Member]

Leases, Operating [Abstract]

Operating Leases, Rent Expense, Net

3,300

$ 3,700

$ 3,400

Operating Leases, Future Minimum Payments Due [Abstract]

Operating Leases, Future Minimum Payments Due, Current

3,416

Operating Leases, Future Minimum Payments, Due in Two Years

2,943

Operating Leases, Future Minimum Payments, Due in Three Years

2,480

Operating Leases, Future Minimum Payments, Due in Four Years

1,446

Operating Leases, Future Minimum Payments, Due in Five Years

1,169

Operating Leases, Future Minimum Payments, Due Thereafter

2,703

Operating Leases, Future Minimum Payments Due

$ 14,157

[1]	The majority of timberland leases are subject to increases or decreases based on either the Consumer Price Index or Producer Price Index.

Incentive Stock Plans (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 4.3	$ 4.2	$ 3.6
Cost of Sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	0.0	0.3	0.4
General and Administrative Expense [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost	$ 16.2	$ 14.9	$ 15.4
1994 Rayonier Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period, Maximum	10 years and two days from the grant date
Rayonier Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	10.0
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2.2
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant, Incremental Reduction	shares available for issuance are reduced by 1 share for each option or right granted and by 2.27 shares for each performance share, restricted share or restricted stock unit granted
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period, Maximum	10 years from the grant date

Incentive Stock Plans Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Restricted Shares (Details) - Restricted Stock [Member]
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2011

USD ($)

$ / shares

Dec. 31, 2010

USD ($)

$ / shares

Dec. 31, 2009

USD ($)

$ / shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

one to three year period

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized

$ 0.7

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares

$ 43.55

$ 29.91

$ 24.50

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Aggregate Instrinsic Value

^[1]

$ 3.4

$ 4.9

$ 5.9

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Period Start | $ / shares

$ 30.09

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Period End | $ / shares

$ 33.55

$ 30.09

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Period Start | shares

140,675

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number, Period End | shares

76,185

140,675

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares

(85,025)

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares

20,535

42,180

22,907

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares

$ 30.25

ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedAggregateIntrinsicValue

^[1]

$ 3.4

$ 4.9

$ 5.9

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value

$ 2.6

3.2

0.6

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | yr

0.6

$ 0.8

$ 0.0

[1]	Intrinsic value of restricted stock outstanding is based on the market price of the Company's stock at December 31, 2011.

Incentive Stock Plans Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Performance Share Units (Details) - Performance Share Units [Member]
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2011

USD ($)

$ / shares

Dec. 31, 2010

USD ($)

$ / shares

Dec. 31, 2009

USD ($)

$ / shares

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Description

Based on the 3-year U.S. treasury rate on the date of the award

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

three-year period

Number of Common Shares of Company Stock Reserved for Issuance Under Incentive Stock Plans | shares

470,820

606,180

916,362

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares

1,030,075

1,150,532

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares

$ 33.73

$ 29.74

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate

51.30%

51.70%

43.60%

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $

$ 11.4

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares

$ 51.57

$ 39.25

$ 21.76

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Aggregate Instrinsic Value | $

^[1]

$ 46.0

$ 40.3

$ 34.3

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | yr

1.3

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used

Monte Carlo simulation model

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Aggregate Intrinsic Value | $

^[1]

$ 46.0

40.3

34.3

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Total Fair Value | $

9.9

19.7

16.0

$ 7.1

$ 5.3

$ 1.4

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate

^[2]

6.40%

Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

^[3]

1.00%

1.40%

1.10%

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares

235,410

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares

(358,737)

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares

$ 32.64

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cancellations and Adjustments in Period | shares

2,870

Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Cancellations and Adjustments in Period, Weighted Average Grant Date Fair Value | $ / shares

$ 32.64

[1]	Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2011.
[2]	The 2011 and 2010 awards receive dividend equivalents, so the dividend yield was not used to calculate the fair value.
[3]

Incentive Stock Plans Share-based Compensation Arrangement by Share-based Payment Award, Options (Details) - Stock Options [Member]
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2011

USD ($)

$ / shares

Dec. 31, 2010

USD ($)

$ / shares

Dec. 31, 2009

USD ($)

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Share-based Compensation Arrangement by Share-based Payment Award, Expense Recognition Period

straight-line basis over three years

Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period

ratably over three years

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized | $

$ 2.0

Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition | yr

1.0

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Period Start

2,633,158

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Period End

2,346,451

2,633,158

Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period

(10,914)

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number

1,711,739

Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares

$ 27.47

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ / shares

$ 25.80

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term | yr

5.7

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $

$ 32.2

Shared-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Total Fair Value | $

2.5

$ 2.4

$ 2.5

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Total Intrinsic Value | $

^[1]

$ 10.4

$ 15.6

$ 12.0

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price | $ / shares

$ 26.77

$ 24.90

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term | yr

6.3

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $

$ 41.9

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number

2,344,871

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Exercise Price | $ / shares

$ 26.77

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term | yr

6.3

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Aggregate Intrinsic Value | $

$ 41.9

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross

296,490

Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares

$ 37.05

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period

(572,283)

Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares

$ 23.61

[1]	Intrinsic value of options exercised is the amount by which the fair value of the stock on the exercise date exceeded the exercise price of the option.

Incentive Stock Plans Schedule of Assumptions Used to Determine Fair Value, Options (Details) - Stock Options [Member] $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2011 USD ($) yr $ / shares	Dec. 31, 2010 USD ($) yr $ / shares	Dec. 31, 2009 USD ($) yr $ / shares
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Method Used	Black-Scholes option-pricing model
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	38.20%	37.80%	34.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.90%	4.70%	6.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.60%	3.20%	1.90%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term \| yr	6.5	6.7	6.6
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value \| $ / shares	$ 9.99	$ 7.07	$ 3.15
Share-based Compensation Arrangement by Share-based Payment Award, Options, Granted in Period, Total Grant Date Fair Value \| $	$ 3.0	$ 2.8	$ 2.3

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent liabilities	$ (140,623)	$ (66,335)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Rollforward]
Projected benefit obligation at beginning of year	346,464	324,554
Service cost	6,782	6,196	$ 6,489
Interest cost	18,087	17,740	18,082
Actuarial loss	58,208	11,766
Plan amendments	0	1,704
Employee contributions	0	0
Benefits paid	(16,394)	(15,496)
Projected benefit obligation at end of year	413,147	346,464	324,554
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	302,464	231,686
Actual return on plan assets	8,977	35,636
Employer contributions	1,552	51,510
Employee contributions	0	0
Benefits paid	(16,394)	(15,496)
Other expense	(944)	(872)
Fair value of plan assets at end of year	295,655	302,464	231,686
Defined Benefit Plan, Funded Status of Plan [Abstract]
Funded status at end of year, net accrued benefit cost	(117,492)	(44,000)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent assets	0	3,032
Current liabilities	(1,626)	(1,475)
Noncurrent liabilities	(115,866)	(45,557)
Net amount recognized	(117,492)	(44,000)
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Rollforward]
Projected benefit obligation at beginning of year	21,158	21,361
Service cost	673	587	482
Interest cost	972	1,029	1,144
Actuarial loss	3,934	965
Plan amendments	(631)	0
Employee contributions	1,609	1,042
Benefits paid	(2,882)	(3,826)
Projected benefit obligation at end of year	24,833	21,158	21,361
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	1,273	2,784
Employee contributions	1,609	1,042
Benefits paid	(2,882)	(3,826)
Other expense	0	0
Fair value of plan assets at end of year	0	0	$ 0
Defined Benefit Plan, Funded Status of Plan [Abstract]
Funded status at end of year, net accrued benefit cost	(24,833)	(21,158)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent assets	0	0
Current liabilities	(1,262)	(1,566)
Noncurrent liabilities	(23,571)	(19,592)
Net amount recognized	$ (24,833)	$ (21,158)

Employee Benefit Plans Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net (losses) gains	$ (75,995)	$ 1,348	$ 7,778
Prior service cost	0	(1,704)	(5,352)
Amortization of losses	10,372	6,456	6,196
Amortization of prior service cost (benefit)	1,359	1,657	1,830
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net (losses) gains	(3,934)	(965)	(533)
Prior service cost	631	0	0
Amortization of losses	570	3,357	5,841
Amortization of prior service cost (benefit)	$ 69	$ (5,334)	$ (9,480)

The change in other comprehensive income due to the amortization of the net prior service costs (credit) into net periodic pension costs.

The pretax cost (credit) of benefit changes attributable to plan participants' prior service resulting from a plan amendment or plan initiation that occurred during the period. The cost has not yet been recognized in net periodic benefit cost. A plan amendment includes provisions that grant increased (decreased) benefits based on service rendered in prior periods.

Pretax change in the value of either the benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the substantive plan, that has not been recognized in net periodic benefit cost.

The net gain (loss) previously recognized in other comprehensive income that is a reclassification adjustment of other comprehensive income as a result of being recognized as a component of net periodic benefit cost for the period.

Defined Benefit Plan Disclosure [Line Items]

Employee Benefit Plans Accumulated Other Comprehensive Income (Details) - USD ($)
$ in Thousands

Dec. 31, 2011

Dec. 31, 2010

Deferred income tax benefit

$ 41,075

$ 22,920

AOCI

^[1]

(144,084)

(97,821)

Pension Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Prior service (cost) credit

(8,370)

(9,729)

Net losses

(191,761)

(126,138)

Deferred income tax benefit

62,797

43,056

AOCI

(137,334)

(92,811)

Other Postretirement Benefit Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Prior service (cost) credit

167

(532)

Net losses

(10,500)

(7,137)

Deferred income tax benefit

3,583

2,659

AOCI

$ (6,750)

$ (5,010)

[1]	The increase in the unrecognized components of employee benefit plans was mainly due to actuarial losses resulting from a decrease in the discount rate from 5.25 percent as of December 31, 2010 to 4.20 percent as of December 31, 2011. See Note 20 — Employee Benefit Plans for additional information.

Amount related to the pretax cost of benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation, which has not yet been recognized as components of net periodic benefit cost.

Employee Benefit Plans Accumulated Benefit Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
Accumulated benefit obligation for all defined benefit plans	$ 392,200	$ 329,300
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets [Abstract]
Projected benefit obligation	437,980	323,918
Accumulated benefit obligation	392,182	285,590
Fair value of plan assets	$ 295,655	$ 255,728

Employee Benefit Plans Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 6,782	$ 6,196	$ 6,489
Interest cost	18,087	17,740	18,082
Expected return on plan assets	(25,819)	(21,651)	(21,427)
Amortization of prior service cost (benefit)	1,359	1,657	1,830
Amortization of losses	10,372	6,456	6,196
Net periodic benefit cost (benefit)	10,781	10,398	11,170
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	673	587	482
Interest cost	972	1,029	1,144
Expected return on plan assets	0	0	0
Amortization of prior service cost (benefit)	69	(5,334)	(9,480)
Amortization of losses	570	3,357	5,841
Net periodic benefit cost (benefit)	$ 2,284	$ (361)	$ (2,013)

An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets.

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a, h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008

Employee Benefit Plans AOCI Amortization in Next Fiscal Year (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2011 USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization of loss	$ 16,185
Amortization of prior service cost	1,308
Total amortization of AOCI loss	17,493
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization of loss	526
Amortization of prior service cost	25
Total amortization of AOCI loss	$ 551

Employee Benefit Plans Assumptions Used in Calculations (Details)	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.20%	5.25%	5.80%
Rate of compensation increase	4.50%	4.50%	4.50%
Discount rate methodology	closely approximates interest rates on high quality, long-term obligations
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	5.25%	5.80%	6.15%
Expected long-term return on plan assets	8.50%	8.50%	8.50%
Rate of compensation increase	4.50%	4.50%	4.50%
Return on plan assets methodology	based on historical and expected long-term rates of return on broad equity and bond indices and consideration of the actual annualized rate of return
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	4.10%	5.10%	5.50%
Rate of compensation increase	4.50%	4.50%	4.50%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Discount rate	5.10%	5.50%	6.15%
Expected long-term return on plan assets	0.00%	0.00%	0.00%
Rate of compensation increase	4.50%	4.50%	4.50%

Employee Benefit Plans Expected Health Care Cost Trend Rates (Details) - Other Postretirement Benefit Plans, Defined Benefit [Member] - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Health care cost trend rate assumed for next year	8.00%	8.50%
Rate to which the cost trend rate is assumed to decline (ultimate trend rate)	5.00%	5.00%
Year that the rate reaches the ultimate trend rate	2017	2017
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rates [Abstract]
Effect of one percentage point increase on total of service and interest cost components	$ 171
Effect of one percentage point decrease on total of service and interest cost components	(143)
Effect of one percentage point increase on accumulated postretirement benefit obligation	1,781
Effect of one percentage point decrease on accumulated postretirement benefit obligation	$ (1,533)

Employee Benefit Plans Investment of Plan Assets (Details) - Pension Plans, Defined Benefit [Member]	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Defined Benefit Plan, Actual Plan Asset Allocations [Abstract]
Real estate fund	3.00%	3.00%
Total	100.00%	100.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Real estate, range minimum	2.00%
Real estate, range maximum	4.00%
Domestic equity securities [Member]
Defined Benefit Plan, Actual Plan Asset Allocations [Abstract]
Equity securities	44.00%	44.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Equity securities, range minimum	40.00%
Equity securities, range maximum	45.00%
International equity securities [Member]
Defined Benefit Plan, Actual Plan Asset Allocations [Abstract]
Equity securities	20.00%	23.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Equity securities, range minimum	20.00%
Equity securities, range maximum	30.00%
Domestic fixed income securities [Member]
Defined Benefit Plan, Actual Plan Asset Allocations [Abstract]
Fixed income securities	28.00%	25.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Debt securities, range minimum	25.00%
Debt securities, range maximum	30.00%
International fixed income securities [Member]
Defined Benefit Plan, Actual Plan Asset Allocations [Abstract]
Fixed income securities	5.00%	5.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Debt securities, range minimum	4.00%
Debt securities, range maximum	6.00%

Employee Benefit Plans Fair Value Measurements (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 295,655	$ 302,464	$ 231,686
Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	295,655	302,464
Equity Securities, Domestic [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	128,834	130,274
Equity Securities, International [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	57,728	68,878
Domestic Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	80,243	75,090
Foreign Debt Securities [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	14,381	14,410
Real Estate Funds [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	9,846	8,986
Short-term Investments [Member] \| Fair Value, Inputs, Level 1 [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 4,623	$ 4,826

Employee Benefit Plans Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2011 USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2012	$ 17,607
2013	18,657
2014	19,745
2015	20,721
2016	21,773
2017 - 2021	123,358
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2012	1,262
2013	1,388
2014	1,483
2015	1,559
2016	1,651
2017 - 2021	$ 8,281

Employee Benefit Plans Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plans, General Information	The Company has four qualified non-contributory defined benefit pension plans covering a significant majority of its employees
Defined Benefit Plan, Unfunded Plan	an unfunded plan that provides benefits in excess of amounts allowable under current tax law in the qualified plans
Defined Benefit Plan, Other Information	The Company closed enrollment in its pension plans to salaried employees hired after December 31, 2005, to Fernandina hourly employees hired after April 30, 2006, to Jesup hourly employees hired after March 4, 2009 and to Wood Products hourly employees hired after February 28, 2011.
Defined Benefit Plan, Description of Plan Amendment	In September 2008, the Company changed its postretirement medical plan for active and retired salaried employees to shift retiree medical costs to the plan participants over a three year phase-out period. Accordingly, at the beginning of 2012, the Company’s intent is to no longer incur retiree medical costs for retired salary plan participants. The change was accounted for as a negative plan amendment and curtailment which resulted in a reduction to the retiree medical liability. The net impact of the reduction was an unrecognized gain in accumulated other comprehensive income of $7.7 million which was amortized over 1.9 years, the average remaining service period of the remaining active participants.
Defined Benefit Plan, Effect of Plan Amendment on Net Periodic Benefit Cost		$ 2.4	$ 4.0
Defined Benefit Plan, Investment Goals	The Company's Pension and Savings Plan Committee and the Audit Committee of the Board of Directors oversee the pension plans’ investment program which is designed to maximize returns and provide sufficient liquidity to meet plan obligations while maintaining acceptable risk levels. The investment approach emphasizes diversification by allocating the plans’ assets among asset categories and selecting investment managers whose various investment methodologies will be minimally correlative with each other. Investments within the equity categories may include large capitalization, small capitalization and emerging market securities, while the international fixed income portfolio may include emerging markets debt.
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs	The valuation methodology used for assets measured at fair value for these funds is the net asset value in an observable market.
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs, Changes	no changes in the methodology

Description of a change in the substantive terms of an existing defined benefit plan or the initiation of a new plan. A plan amendment may increase or decrease benefits, including those attributed to years of service already rendered.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph r
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Plan Amendment
-URI http://asc.fasb.org/extlink&oid=6520782
-Topic 715
-SubTopic 30

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Plan Amendment
-URI http://asc.fasb.org/extlink&oid=6520743
-Topic 715
-SubTopic 60

The amount of increase or decrease in net periodic benefit cost related to the effects of a change in the substantive terms of an existing defined benefit plan or the initiation of a new plan. A plan amendment may increase or decrease benefits, including those attributed to years of service already rendered.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph r
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (r)
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Plan Amendment
-URI http://asc.fasb.org/extlink&oid=6520782
-Topic 715
-SubTopic 30

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Plan Amendment
-URI http://asc.fasb.org/extlink&oid=6520743
-Topic 715
-SubTopic 60

General information regarding defined benefit plans. A defined benefit pension plan is a plan that defines an amount of pension benefit to be provided, usually as a function of one or more factors such as age, years of service, or compensation. An other postretirement defined benefit plan is an arrangement that is mutually understood by an employer and its employees, whereby an employer undertakes to provide its employees with benefits other than pensions, after they retire in exchange for their services over a specified period of time, upon attaining a specified age while in service, or a combination of both. Any plan that is not a defined contribution plan is a defined benefit plan. General descriptive information about the employer's defined benefit plans, including employee groups covered, type of benefit formula, type of benefits, cost sharing arrangements, funding policy, types of assets held, and significant nonbenefit liabilities, if any. Also includes information pertaining to multiple employer plans, which are accounted for as single-employer plans.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6962843&loc=d3e1928-114920

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Defined Benefit Pension Plan
-SubTopic 30
-Topic 715
-URI http://asc.fasb.org/extlink&oid=6510300

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Defined Benefit Postretirement Plan
-SubTopic 60
-Topic 715
-URI http://asc.fasb.org/extlink&oid=6749240

Employee Benefit Plans Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Description of Defined Contribution Pension and Other Postretirement Plans	The Company provides defined contribution plans to all of its hourly and salaried employees.
Defined Contribution Plan, Cost Recognized	$ 2.6	$ 2.4	$ 2.2
Type of Employer and Related Party Securities Included in Plan Assets	Rayonier common stock
Defined Contribution Plan, Contributions for 401(k) Plan Enhancement	$ 0.9	0.6	$ 0.4
Defined Contribution Pension [Member]
Amount of Employer and Related Party Securities Included in Plan Assets	$ 85.4	$ 66.4

Description of the terms and benefits provided by the employer's defined contribution plans. A defined contribution plan provides benefits in return for services rendered, provides an individual account for each participant, and has terms that specify how contributions to the individual's account are to be determined rather than the amount of benefits the individual is to receive. Under a defined contribution pension plan, the benefits a participant will receive depend solely on the amount contributed to the participant's account, the returns earned on investments of those contributions, and forfeitures of other participants' benefits that may be allocated to such participant's account. A description of the plan(s) including employee groups covered, the basis for determining contributions, and the nature and effects of significant matters affecting comparability of information for all periods presented.

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

Quarterly Results for 2011 and 2010 (UNAUDITED) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 6,873

$ 3,201

$ 2,111

Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee

12,367

Gain (Loss) on Sale of Previously Unissued Stock by Equity Investee, Net of Tax

11,500

Selected Quarterly Financial Information [Abstract]

$ 388,423

$ 385,091

$ 357,397

$ 357,731

$ 315,308

$ 377,515

$ 312,210

$ 310,200

1,488,642

1,315,233

1,168,567

Net Income (Loss) Attributable to Parent

81,325

^[1]

108,310

79,073

87,578

56,665

92,082

56,344

76,860

^[2]

356,286

281,951

409,508

$ 56,230

^[1]

$ 104,909

^[3]

$ 56,454

$ 58,412

$ 59,171

^[4]

$ 62,904

$ 38,558

$ 56,953

^[2]

$ 276,005

$ 217,586

$ 312,541

Earnings Per Share, Basic

$ 0.46

^[5]

$ 0.86

^[5]

$ 0.46

^[5]

$ 0.48

^[5]

$ 0.49

^[5]

$ 0.52

^[5]

$ 0.32

^[5]

$ 0.48

^[5]

$ 2.27

^[5]

$ 1.81

^[5]

$ 2.63

Earnings Per Share, Diluted

$ 0.45

^[5]

$ 0.84

^[5]

$ 0.45

^[5]

$ 0.47

^[5]

$ 0.48

^[5]

$ 0.51

^[5]

$ 0.32

^[5]

$ 0.47

^[5]

$ 2.20

^[5]

$ 1.79

^[5]

$ 2.60

Taxability of the alternative fuel mixture credit

Tax Adjustments, Settlements, and Unusual Provisions

$ 16,000

Cellulosic Biofuel Producer Credit

Tax Adjustments, Settlements, and Unusual Provisions

$ 24,300

Port Angeles Increase in Disposition Reserve [Member]

Accrual for Environmental Loss Contingencies, Increase (Decrease) for Revision in Estimates

6,500

Effect of Increase (Decrease) in Reserve for Revision in Estimates, Net of Tax

$ 4,100

[1]	Fourth quarter 2011 included a pre-tax $6.5 million ($4.1 million after tax) increase in a disposition reserve.
[2]	First quarter 2010 included a pre-tax $12.4 million ($11.5 million after tax) gain from the sale of a portion of the Company's interest in its New Zealand JV. See Note 5 — Joint Venture Investment for further information.
[3]	Third quarter 2011 included a benefit of $16.0 million from the reversal of a reserve related to the taxability of the AFMC.
[4]	Fourth quarter 2010 included a tax benefit of $24.3 million related to the CBPC. See Note 8 — Income Taxes.
[5]	The impact of the August 2011 three-for-two stock split is reflected for all periods presented. See Note 9 — Earnings per Common Share for further information.

Consolidating Financial Statements Text (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Aug. 01, 2009	Oct. 01, 2007
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	October 2007
Debt Instrument, Face Amount	$ 300,000	$ 300,000		$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%			3.75%
Debt Instrument Scheduled Date of Maturity	2012
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	August 2009
Debt Instrument, Face Amount	$ 172,500	$ 172,500	$ 172,500
Debt Instrument, Interest Rate, Stated Percentage	4.50%		4.50%
Debt Instrument Scheduled Date of Maturity	2015

Consolidating Financial Statements Statements of Income (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2010

Sep. 30, 2010

Jun. 30, 2010

Mar. 31, 2010

Dec. 31, 2011

Dec. 31, 2010

Dec. 31, 2009

$ 388,423

$ 385,091

$ 357,397

$ 357,731

$ 315,308

$ 377,515

$ 312,210

$ 310,200

$ 1,488,642

$ 1,315,233

$ 1,168,567

1,073,732

990,099

914,772

66,541

67,102

62,633

(3,829)

(10,519)

(221,172)

Equity in income (loss) of New Zealand joint venture

1,136,444

1,046,682

756,233

4,088

1,033

(2,826)

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

356,286

269,584

409,508

Gain on sale of a portion of interest in the New Zealand joint venture

12,367

81,325

^[1]

108,310

79,073

87,578

56,665

92,082

56,344

76,860

^[2]

356,286

281,951

409,508

(50,775)

(50,463)

(52,441)

851

1,315

1,810

306,362

232,803

358,877

(30,357)

(15,217)

(46,336)

$ 56,230

^[1]

$ 104,909

^[3]

$ 56,454

$ 58,412

$ 59,171

^[4]

$ 62,904

$ 38,558

$ 56,953

^[2]

276,005

217,586

312,541

Parent Company [Member]

Equity in income (loss) of New Zealand joint venture

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

Gain on sale of a portion of interest in the New Zealand joint venture

621

275,384

217,586

312,541

276,005

217,586

312,541

Senior Exchangeable Notes due 2012 & 2015 [Member] | Guarantor Subsidiaries [Member]

276,005

217,586

312,541

10,710

10,122

11,349

117

385

Equity in income (loss) of New Zealand joint venture

10,827

10,507

11,433

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

(10,507)

Gain on sale of a portion of interest in the New Zealand joint venture

(10,827)

(10,507)

(11,433)

(1,133)

239

(113)

5,280

12,952

5,244

281,892

221,578

328,682

275,212

224,262

322,380

172

(6,676)

(9,839)

Senior Exchangeable Notes due 2012 & 2015 [Member] | Issuer Subsidiary [Member]

275,384

217,586

312,541

Equity in income (loss) of New Zealand joint venture

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

Gain on sale of a portion of interest in the New Zealand joint venture

(49,555)

(50,313)

(47,761)

(4,508)

(4,309)

(3,832)

170,048

137,471

282,186

115,985

82,849

230,593

19,733

19,937

18,831

Senior Exchangeable Notes due 2012 & 2015 [Member] | Non-guarantor Subsidiaries of Rayonier TRS Holdings Inc [Member]

135,718

102,786

249,424

1,374,090

1,234,254

1,016,463

1,036,494

992,543

831,167

53,102

53,874

47,953

10,181

3,184

(204,268)

Equity in income (loss) of New Zealand joint venture

1,099,777

1,049,601

674,852

726

810

357

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

185,463

Gain on sale of a portion of interest in the New Zealand joint venture

7,697

275,039

193,160

341,968

766

(256)

(55,495)

(26,955)

(4,518)

220,310

165,949

337,514

(50,262)

(28,478)

(55,328)

Senior Exchangeable Notes due 2012 & 2015 [Member] | Non-guarantor Subsidiaries All Other Subsidiaries [Member]

170,048

137,471

282,186

263,808

225,524

193,019

129,335

119,682

129,165

2,729

3,106

3,331

(14,127)

(14,043)

(15,388)

Equity in income (loss) of New Zealand joint venture

117,937

108,745

117,108

3,362

223

(3,183)

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

117,002

Gain on sale of a portion of interest in the New Zealand joint venture

4,670

149,233

121,672

72,728

(1,474)

(133)

(4,631)

55,574

19,627

4,981

203,333

141,166

73,078

Senior Exchangeable Notes due 2012 & 2015 [Member] | Consolidation, Eliminations [Member]

203,333

141,166

73,078

(149,256)

(144,545)

(40,915)

(92,097)

(122,126)

(45,560)

(45)

(1,600)

Equity in income (loss) of New Zealand joint venture

(92,097)

(122,171)

(47,160)

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

(22,374)

Gain on sale of a portion of interest in the New Zealand joint venture

(57,159)

(22,374)

6,245

(65)

(727,324)

(576,635)

(923,409)

(784,483)

(599,009)

(917,229)

Potential additional securities issued by parent [Member] | Guarantor Subsidiaries [Member]

(784,483)

(599,009)

(917,229)

1,254,352

1,139,271

975,906

928,477

907,500

798,668

51,564

53,477

49,971

13,493

5,362

(204,029)

Equity in income (loss) of New Zealand joint venture

993,534

966,339

644,610

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

172,932

Gain on sale of a portion of interest in the New Zealand joint venture

(0)

260,818

172,932

331,296

(49,922)

(50,330)

(47,810)

(54,762)

(18,322)

(3,291)

148,848

126,904

78,528

304,982

231,184

358,723

(29,598)

(13,598)

(46,182)

Potential additional securities issued by parent [Member] | Non-Guarantor Subsidiaries [Member]

275,384

217,586

312,541

383,546

320,507

233,576

237,350

204,725

161,664

14,977

13,625

12,662

(17,322)

(15,836)

(15,543)

Equity in income (loss) of New Zealand joint venture

235,005

202,514

158,783

4,088

1,033

(2,826)

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

119,026

Gain on sale of a portion of interest in the New Zealand joint venture

12,367

152,629

131,393

71,967

(1,474)

(133)

(4,631)

55,613

19,637

5,166

206,768

150,897

72,502

(759)

(1,619)

(154)

Potential additional securities issued by parent [Member] | Consolidation, Eliminations [Member]

206,009

149,278

72,348

(149,256)

(144,545)

(40,915)

(92,095)

(122,126)

(45,560)

(45)

(1,600)

Equity in income (loss) of New Zealand joint venture

(92,095)

(122,171)

(47,160)

OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN THE NEW ZEALAND JOINT VENTURE

(22,374)

Gain on sale of a portion of interest in the New Zealand joint venture

(57,161)

(22,374)

6,245

(65)

(424,232)

(344,490)

(391,069)

(481,393)

(366,864)

(384,889)