View Filing Data

$ 434,306

$ 408,988

$ 371,926

$ 355,780

$ 388,423

$ 385,091

$ 357,397

$ 357,731

$ 1,571,000

$ 1,488,642

$ 1,315,233

1,104,805

1,073,732

990,099

Other operating income, net (Note 14)

68,397

66,541

67,102

(13,103)

(3,829)

(10,519)

Equity in income of New Zealand joint venture

1,160,099

1,136,444

1,046,682

550

4,088

1,033

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

411,451

356,286

269,584

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

12,367

OPERATING INCOME

115,678

113,174

98,590

84,009

81,325

^[1]

108,310

79,073

87,578

411,451

356,286

281,951

Interest and miscellaneous income, net

(44,981)

(50,775)

(50,463)

606

851

1,315

367,076

306,362

232,803

Income tax expense

(88,391)

(30,357)

(15,217)

Foreign currency translation adjustment

$ 75,609

$ 80,560

$ 69,079

$ 53,437

$ 56,230

^[1]

$ 104,909

^[2]

$ 56,454

$ 58,412

278,685

276,005

217,586

OTHER COMPREHENSIVE INCOME (LOSS)

4,352

3,546

4,162

New Zealand joint venture cash flow hedges

213

(2,373)

837

(Loss) gain from pension and postretirement plans, net of income tax (expense) benefit of ($339), $20,665, and $1,570

(496)

(46,263)

6,385

Total other comprehensive income (loss)

4,069

(45,090)

11,384

COMPREHENSIVE INCOME

$ 282,754

$ 230,915

$ 228,970

EARNINGS PER COMMON SHARE

Basic earnings per share

$ 0.61

$ 0.66

$ 0.56

$ 0.44

$ 0.46

$ 0.86

$ 0.46

$ 0.48

$ 2.27

$ 1.81

Diluted earnings per share

$ 0.59

$ 0.62

$ 0.54

$ 0.42

$ 0.45

$ 0.84

$ 0.45

$ 0.47

2.17

2.20

1.79

Dividends per share

$ 1.68

$ 1.52

$ 1.36

[1]	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an 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.

Consolidated Statements of Income and Comprehensive Income (Parentheticals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Amortization of losses and gains from pension and postretirement benefit plans, income tax (expense) benefit	$ (339)	$ 20,665	$ 1,570

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 280,596	$ 78,603
Accounts receivable, less allowance for doubtful accounts of $417 and $399	100,359	95,008
Inventory (Note 10)	127,966	121,998
Prepaid and other current assets	57,353	48,893
Total current assets	566,274	344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	1,573,309	1,503,711
PROPERTY, PLANT AND EQUIPMENT
Land	27,383	26,917
Buildings	147,445	140,269
Machinery and equipment	1,444,012	1,355,897
Construction in progress	268,459	96,097
Total property, plant and equipment, gross	1,887,299	1,619,180
Less—accumulated depreciation	(1,180,261)	(1,157,628)
Total property, plant and equipment, net	707,038	461,552
INVESTMENT IN JOINT VENTURE (Note 5)	72,419	69,219
OTHER ASSETS	203,911	190,364
TOTAL ASSETS	3,122,951	2,569,348
CURRENT LIABILITIES
Accounts payable	70,381	72,873
Current maturities of long-term debt (Note 11)	150,000	28,110
Accrued taxes	13,824	5,223
Accrued payroll and benefits	28,068	26,846
Accrued interest	7,956	7,044
Accrued customer incentives	10,849	10,369
Other current liabilities	18,640	17,855
Current liabilities for dispositions and discontinued operations (Note 15)	8,105	9,931
Total current liabilities	307,823	178,251
LONG-TERM DEBT (Note 11)	1,120,052	819,229
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 15)	73,590	80,893
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 20)	159,582	140,623
OTHER NON-CURRENT LIABILITIES	23,900	27,279
COMMITMENTS AND CONTINGENCIES (Notes 16, 17 and 18)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 and 240,000,000 shares authorized, 123,332,444 and 122,035,177 shares issued and outstanding	670,749	630,286
Retained earnings	876,634	806,235
Accumulated other comprehensive loss	(109,379)	(113,448)
TOTAL SHAREHOLDERS' EQUITY	1,438,004	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,122,951	$ 2,569,348

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Current Assets:
Accounts receivable, allowance for doubtful accounts	$ 417	$ 399
Shareholders' Equity:
Common stock, shares authorized	480,000,000	240,000,000
Common stock, shares, issued	123,332,444	122,035,177
Common stock, shares outstanding	123,332,444	122,035,177

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
OPERATING ACTIVITIES
Net income	$ 278,685	$ 276,005	$ 217,586
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization	148,718	135,742	143,406
Non-cash cost of real estate sold	4,746	4,329	6,692
Stock-based incentive compensation expense	15,116	16,181	15,223
Gain on sale of a portion of interest in the New Zealand joint venture	0	0	(11,545)
Amortization of debt discount/premium	6,323	8,654	8,160
Deferred income taxes	3,505	2,498	14,936
Amortization of losses from pension and postretirement plans	19,493	12,369	6,135
Non-cash adjustments to unrecognized tax benefit liability	0	(16,000)	4,723
Other	(2,880)	5,184	(237)
Changes in operating assets and liabilities:
Receivables	(4,248)	(12,011)	20,774
Inventories	(10,649)	(3,868)	(27,693)
Accounts payable	(7,967)	6,347	(4,606)
Income tax and alternative fuel mixture credit receivable/payable	2,248	19,788	170,845
All other operating activities	2,750	(13,739)	(60,377)
Expenditures for dispositions and discontinued operations	(9,926)	(9,209)	(8,632)
CASH PROVIDED BY OPERATING ACTIVITIES	445,914	432,270	495,390
INVESTING ACTIVITIES
Capital expenditures	(157,562)	(144,522)	(138,449)
Purchase of timberlands	(106,536)	(320,899)	(5,360)
Jesup mill cellulose specialties expansion	(201,359)	(42,894)	0
Change in restricted cash	(10,559)	8,323	(8,231)
Other	3,115	11,378	9,384
CASH USED FOR INVESTING ACTIVITIES	(472,901)	(488,614)	(142,656)
FINANCING ACTIVITIES
Issuance of debt (Note 11)	1,230,000	460,000	157,000
Repayment of debt	(813,610)	(499,057)	(96,650)
Dividends paid	(206,583)	(185,272)	(163,673)
Proceeds from the issuance of common shares	25,495	13,451	26,314
Excess tax benefits on stock-based compensation	7,635	5,681	5,411
Debt issuance costs	(6,135)	(2,027)	(561)
Repurchase of common shares	(7,783)	(7,909)	(6,028)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	229,019	(215,133)	(78,187)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(39)	617	(48)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	201,993	(270,860)	274,499
Balance, beginning of year	78,603	349,463	74,964
Balance, end of year	280,596	78,603	349,463
Cash paid during the year:
Interest	34,956	38,223	39,991
Income taxes	74,745	17,509	11,776
Non-cash investing and financing activity:
Acquisition of timberlands (Note 6)	0	105,000	0
Assumption of loan (Note 11)	0	105,000	0
Capital assets purchased on account	$ 25,926	$ 20,866	$ 12,388

Nature of Business Operations (Notes)

12 Months Ended

Dec. 31, 2012

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 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 (Wood Products business) 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. Forest Resources acquired approximately 88,000 acres of U.S. timberlands in 2012 and 308,000 acres in 2011.

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. 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 Cellulose Specialties Expansion ("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. Production of cellulose specialties is expected to gradually increase to capacity by 2015. Upon completion in mid-2013, 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.

Subsequent Event

In January 2013, the Company announced that it reached an agreement to sell all of the assets of its Wood Products business to International Forest Products Limited for $80 million. The sale is expected to close in the first quarter of 2013.

Summary of Significant Accounting Policies (Notes)

12 Months Ended

Dec. 31, 2012

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 26 percent interest in its joint venture ("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 timber including real estate taxes, lease rental payments, site preparation and direct support costs relating to facilities, vehicles and supplies are capitalized. Payroll costs are capitalized only for time spent on these activities, while interest or any other soft costs aside from those mentioned above are not capitalized. 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.

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."

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 2013 through 2032, 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.

Employee Benefit Plans

The determination of expense and funding requirements for Rayonier's four defined benefit pension plans, its unfunded excess pension plan and its postretirement health care and life insurance plans are largely based on a number of actuarial assumptions. The key assumptions include discount rate, return on assets, salary increases, health care cost trends, mortality rates, longevity and service lives of employees. See Note 20 — Employee Benefit Plans for assumptions used to determine benefit obligations, the net periodic benefit cost and health care cost trend rates for the year ending December 31, 2012.

Periodic pension and other postretirement expense is included in "Cost of sales" and "Selling and general expenses" in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2012 and 2011 all pension plans were in a liability position due to an underfunded status. The estimated amount to be paid in the next 12 months is recorded in "Accrued payroll and benefits" on the Consolidated Balance Sheets, with the remainder recorded as a long-term liability in "Pension and other postretirement benefits". Changes in the funded status of the Company's plans are recorded through comprehensive income (loss) in the year in which the changes occur. See Note 20 — Employee Benefit Plans for additional information.

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, operating loss carryforwards 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 Statements 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 or legislative changes 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 2011 and 2010 amounts have been reclassified to conform with the current year presentation.

New or Recently Adopted Accounting Pronouncements

In May 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards. This guidance changes certain fair value measurement principles, enhances the disclosure requirements for level 3 fair value measurements and requires the classification of all assets and liabilities measured at fair value in the fair value hierarchy, including those assets and liabilities which are not recorded at fair value but for which fair value is disclosed. The standard was effective for Rayonier's first quarter 2012 Form 10-Q filing and was applied prospectively. See Note 4 — Fair Value Measurements for our disclosures required under this guidance.

In June 2011, the 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 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 was effective for Rayonier's first quarter 2012 Form 10-Q filing. Since Rayonier reports a consolidated statement of income and comprehensive income for each reporting period, the Company's application of this guidance had no effect on the accompanying consolidated financial statements.

In February 2013, the FASB issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This standard requires reporting, in one place, information about reclassifications out of AOCI by component. An entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount is reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified to net income in their entirety, an entity is required to cross-reference to other currently required disclosures that provide additional detail about those amounts. The information required by this standard must be presented in one place, either parenthetically on the face of the financial statements by income statement line item or in a note. This standard will be effective for Rayonier's first quarter 2013 Form 10-Q filing. The Company is currently evaluating the impact of this pronouncement on its consolidated financial statements.

Segment and Geographical Information (Notes)

12 Months Ended

Dec. 31, 2012

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

Segment and Geographical Information [Text Block]


3.	SEGMENT AND GEOGRAPHICAL INFORMATION

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. See Note 1 — Nature of Business Operations — Subsequent Event for additional information regarding the Wood Products segment. 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.

Four customers in the Performance Fibers segment represented 15 percent, 12 percent, 10 percent and 10 percent of the Company’s consolidated sales in 2012, respectively. Three customers in the Performance Fibers segment represented 15 percent, 11 percent and 11 percent of the Company’s consolidated sales in 2011, respectively, and two customers in the Performance Fibers segment represented 14 percent and 10 percent of the Company’s consolidated sales in 2010.

Segment information for each of the three years ended December 31, 2012 follows (in millions of dollars):



	Sales
	2012			2011			2010
Forest Resources	$	230		$	215		$	177
Real Estate	57			71			96
Performance Fibers	1,093			1,020			881
Wood Products	88			68			68
Other Operations	105			122			102
Intersegment Eliminations (a)	(2		)	(7		)	(9		)
Total	$	1,571		$	1,489		$	1,315


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



	Operating Income/(Loss)
	2012			2011			2010
Forest Resources	$	46		$	47		$	33
Real Estate	32			47			53
Performance Fibers	359			298			214
Wood Products	10			(2		)	2
Other Operations	—			1			1
Corporate and other (a)	(36		)	(35		)	(21		)
Total	$	411		$	356		$	282


(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 the JV. See Note 15 — Liabilities for Dispositions and Discontinued Operations and Note 5 — Joint Venture Investment.



	Gross Capital Expenditures
	2012		2011			2010
Forest Resources (a)	$	156	$	468		$	41
Performance Fibers (b)	309		140			98
Wood Products	2		3			1
Corporate and other	1		2			4
Total assets acquired	$	468	$	613		$	144
Less: Assumption of loan for timberlands acquisition	—		(105		)	—
Total capital expenditures	$	468	$	508		$	144


(a)	Includes strategic timberland acquisitions of $107 million, $426 million (including assumption of a $105 million loan) and $5 million in 2012, 2011 and 2010, respectively.

(b) Includes $201 million and $43 million of strategic capital expenditures related to the Jesup mill CSE in 2012 and 2011, respectively.



	Depreciation, Depletion and Amortization
	2012		2011		2010
Forest Resources	$	75	$	63	$	59
Real Estate	8		12		22
Performance Fibers	61		56		58
Wood Products	3		3		3
Corporate and other	2		2		1
Total	$	149	$	136	$	143



	Identifiable Assets
	2012		2011
Forest Resources	$	1,690	$	1,604
Real Estate	113		103
Performance Fibers	902		646
Wood Products	18		21
Other Operations	23		25
Corporate and other	377		170
Total	$	3,123	$	2,569



	Sales by Product Line
	2012		2011		2010
Forest Resources	$	230	$	215	$	177
Real Estate
Development	2		4		3
Rural	39		33		28
Non-Strategic Timberlands	16		34		65
Total Real Estate	57		71		96
Performance Fibers
Cellulose specialties	935		824		686
Absorbent materials	158		196		195
Total Performance Fibers	1,093		1,020		881
Wood Products	88		68		68
Other	103		115		93
Total Sales	$	1,571	$	1,489	$	1,315



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2012		2011		2010		2012		2011		2010		2012		2011
United States	$	1,467	$	1,378	$	1,228	$	409	$	350	$	268	$	3,022	$	2,473
New Zealand	104		111		87		2		6		14		101		95
All other	—		—		—		—		—		—		—		1
Total	$	1,571	$	1,489	$	1,315	$	411	$	356	$	282	$	3,123	$	2,569



	Sales by Destination
	2012		%	2011		%	2010		%
United States	$	778	50	$	737	49	$	693	53
China	281		18	277		19	213		16
Europe	182		12	173		12	152		12
Japan	170		11	159		11	129		10
Other Asia	68		4	55		4	49		4
Latin America	53		3	36		2	35		3
New Zealand	18		1	22		1	17		1
Canada	4		—	9		1	10		1
All other	17		1	21		1	17		—
Total Sales	$	1,571	100	$	1,489	100	$	1,315	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 Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 41
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 33
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 32
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 26
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 35
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 42
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 29
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 31
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599

Reference 15: 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.

Fair Value Measurements [Text Block]

Fair Value Measurements (Notes)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]


4.	FAIR VALUE MEASUREMENTS

Fair Value of Financial Instruments

A three-level hierarchy that prioritizes the inputs used to measure fair value was established in the Accounting Standards Codification 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.

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.

The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at December 31, 2012 and 2011, using market information and what the Company believes to be appropriate valuation methodologies under generally accepted accounting principles:



	2012								2011
Asset (liability)	Carrying Amount			Fair Value					Carrying Amount			Fair Value
				Level 1		Level 2						Level 1		Level 2
Cash and cash equivalents	$	280,596		$	280,596	$	—		$	78,603		$	78,603	$	—
Restricted cash (a)	10,559			10,559		—			—			—		—
Current maturities of long-term debt	(150,000		)	—		(150,000		)	(28,110		)	—		(29,319		)
Long-term debt	(1,120,052		)	—		(1,250,341		)	(819,229		)	—		(994,851		)


(a)	Restricted cash is recorded in "Other Assets" and represents the proceeds from like-kind exchange ("LKE") sales deposited with a third-party intermediary.

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

Cash and cash equivalents and Restricted cash — 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, 2012, 2011 and 2010, 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 $2.3 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, 2012		Level 2		Carrying Value at December 31, 2011		Level 2
Investment in special-purpose entity	$	2,671	$	2,671	$	2,690	$	2,690

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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 21
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13537-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14064-108612

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13504-108611

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15B
-Subparagraph a, b
-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 FASB
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 159
-Paragraph 17-22, 27, 28
-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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15A
-Subparagraph a-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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 15C, 15D
-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 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 157
-Paragraph 32, 33, 34
-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 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 107
-Paragraph 3, 10, 14, 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.

Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures [Abstract]

Joint Venture Investment (Notes)

12 Months Ended

Dec. 31, 2012

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 method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

Property, Plant and Equipment [Abstract]

Timberland Acquisitions (Notes)

12 Months Ended

Dec. 31, 2012

Timberland Aquisitions [Text Block]


6.	TIMBERLAND ACQUISITIONS

In December 2012, the Company acquired approximately 63,000 acres of timberland in Texas for $88 million. The acquisition was funded with $30 million in borrowings on the Company's existing revolving credit facility and cash on hand. The acquisition was accounted for as an asset purchase.

In three separate transactions throughout 2012, Rayonier purchased 25,000 acres of timberland located in Alabama, Florida and Texas for $19 million. These acquisitions were funded with cash on hand and were accounted for as asset purchases.

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 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, 2012

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 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, 2012 and 2011, the Company had $10.6 million and $0, 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, 2012 and 2011, capitalized debt issuance costs were $9.3 million and $5.9 million, respectively. Software costs are capitalized and amortized over a period not exceeding five years using the straight-line method. At December 31, 2012 and 2011, capitalized software costs were $8.2 million and $8.6 million, respectively.

Income Taxes (Notes)

12 Months Ended

Dec. 31, 2012

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. In 2011, the law provided a built-in gains tax holiday. In 2013, the law provided a built-in gains tax holiday for 2012 (retroactive) and 2013 which will impact the Company's 2013 tax provision. 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, recognized $205.2 million of income, net of associated expenses, 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. 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 2012 and 2011, management approved exchanges of black liquor gallons previously claimed under the AFMC for the CBPC. The net tax benefit from these exchanges was $12.2 million and $5.8 million, respectively.

Provision for Income Taxes

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



	2012			2011			2010
Current
U.S. federal	$	(80,029	)	$	(26,893	)	$	973
State	(4,569		)	(624		)	(12		)
Foreign	(288		)	(342		)	(1,242		)
	(84,886		)	(27,859		)	(281		)
Deferred
U.S. federal	(2,598		)	(2,079		)	(14,554		)
State	(595		)	(1,066		)	(1,283		)
Foreign	(55		)	(32		)	69
	(3,248		)	(3,177		)	(15,768		)
Changes in valuation allowance	(257		)	679			832
Total	$	(88,391	)	$	(30,357	)	$	(15,217	)

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



	2012		2011		2010
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
REIT income not subject to federal tax	(7.1	)	(10.4	)	(16.8	)
Income tax rate at federal statutory rates	27.9	%	24.6	%	18.2	%
Installment note prepayment	—		(3.7	)	—
Built-in gains tax holiday	—		(1.9	)	—
CBPC	—		—		(10.5	)
CBPC for AFMC exchange	(3.3	)	(1.9	)	—
Taxing authority settlements and unrecognized tax benefit adjustments	—		(5.3	)	(1.1	)
Other	(0.5	)	(1.9	)	(0.1	)
Income tax rate as reported	24.1	%	9.9	%	6.5	%

The effective tax rate, at federal statutory rates, increased in 2012 and 2011 compared to the respective prior year periods due to proportionally higher TRS income. 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:



	2012			2011
Gross deferred tax assets:
Liabilities for dispositions and discontinued operations	$	29,944		$	33,295
Pension, postretirement and other employee benefits	66,354			62,382
Foreign and state NOL carryforwards	18,023			17,796
Tax credit carryforwards	4,429			4,443
Other	8,736			13,615
Total gross deferred tax assets	127,486			131,531
Less: Valuation allowance	(19,294		)	(18,811		)
Total deferred tax assets after valuation allowance	108,192			112,720
Gross deferred tax liabilities:
Accelerated depreciation	(61,414		)	(62,594		)
Repatriation of foreign earnings	(5,428		)	(5,030		)
Other	(4,461		)	(4,021		)
Total gross deferred tax liabilities	(71,303		)	(71,645		)
Net deferred tax asset	$	36,889		$	41,075
Current portion of deferred tax asset	$	15,845		$	17,133
Noncurrent portion of deferred tax asset	26,792			30,211
Noncurrent portion of deferred tax liability	(5,748		)	(6,269		)
Net deferred tax asset	$	36,889		$	41,075

Included above are the following foreign and state net operating loss ("NOL") and tax credit carryforwards as of December 31, 2012:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand NOL Carryforwards (a)	$	17,394	$	(4,781	)	None
State NOL Carryforwards (a)	233,023		(13,242		)	2013 - 2018
State and Foreign Tax Credits	3,099		(1,271		)	2013 - 2018
Cellulosic Biofuel Producer Credit	1,330		—			2016
Total Valuation Allowance			$	(19,294	)

(a) Fully reserved at December 31, 2012.

In 2012 and 2011, the Company recorded excess tax benefits of $7.6 million and $5.7 million, respectively, related to stock-based compensation. These amounts were credited directly to shareholders’ equity and were not included in the consolidated tax provision.

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:



	2012		2011				2010
Balance at January 1,	$	6,580	$	22,580			$	17,973
Decreases related to prior year tax positions	—		(16,000		)	(a)	(1,057		)
Increases related to current year tax positions	—		—				5,780
Payments	—		—				(116		)
Balance at December 31,	$	6,580	$	6,580			$	22,580


(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, 2012, 2011 and 2010 are $2.6 million, $2.6 million and $18.6 million, respectively. At December 31, 2012, the amount of unrecognized tax benefits that, if recognized, would decrease prepaid tax assets are $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 the year ended December 31, 2012, the Company recorded interest expense of $0.2 million. For the years ended December 31, 2011 and 2010, the Company recorded an interest benefit of $0.3 million. The Company has liabilities of approximately $0.4 million and $0.2 million for the payment of interest at December 31, 2012 and 2011, 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 Years
U.S. Internal Revenue Service	2009 – 2012
State of Alabama	2009 – 2012
State of Florida	2005 – 2006, 2009 – 2012
State of Georgia	2009 – 2012
New Zealand Inland Revenue	2008 – 2012

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.

Earnings Per Common Share [Text Block]

Earnings Per Common Share (Notes)

12 Months Ended

Dec. 31, 2012

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.

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



	2012		2011		2010
Net income	$	278,685	$	276,005	$	217,586
Shares used for determining basic earnings per common share	122,711,802		121,662,985		120,240,275
Dilutive effect of:
Stock options	634,218		702,693		593,768
Performance and restricted shares	757,308		982,951		1,034,319
Assumed conversion of Senior Exchangeable Notes (a)	2,888,650		1,895,762		—
Assumed conversion of warrants (a)	1,710,445		149,900		—
Shares used for determining diluted earnings per common share	128,702,423		125,394,291		121,868,362
Basic earnings per common share	$	2.27	$	2.27	$	1.81
Diluted earnings per common share	$	2.17	$	2.20	$	1.79



	2012	2011	2010
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	224,918	161,786	308,421
Assumed conversion of exchangeable note hedges (a)	2,888,650	1,895,762	—
Total	3,113,568	2,057,548	308,421

(a)

The Senior Exchangeable Notes due 2012 (the “2012 Notes”) matured in October 2012; however, no additional shares were issued due to the offsetting exchangeable note hedges (the “hedges”). Similarly, Rayonier will not issue additional shares upon maturity of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) due to the offsetting hedges. 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 is excluded since they are anti-dilutive. As such, the dilutive effect of the assumed conversion of the Senior Exchangeable Notes was included through the retirement date for the 2012 Notes and the full year for the 2015 Notes. Rayonier will distribute additional shares upon maturity of the warrants if the stock price exceeds the strike prices of $41.41 for the Notes due 2012 and $39.50 for the Notes due 2015. 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, 2012

INVENTORY [Abstract]

Inventory [Text Block]


10.	INVENTORY

As of December 31, 2012 and 2011, Rayonier’s inventory included the following:



	2012		2011
Finished goods (a)	$	103,568	$	96,261
Work in progress	4,446		5,544
Raw materials	17,602		18,295
Manufacturing and maintenance supplies	2,350		1,898
Total inventory	$	127,966	$	121,998


(a)	Includes $4.9 million and $8.3 million of HBU real estate held for sale at December 31, 2012 and 2011, respectively.

Debt (Notes)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Debt [Text Block]


11.	DEBT

Rayonier’s debt consisted of the following at December 31, 2012 and 2011:



	2012			2011
Senior Notes due 2022 at a fixed interest rate of 3.75%	$	325,000		$	—
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% (retired in October 2012)	—			294,622
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% (a)	165,821			163,525
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)	76,731			88,582
Pollution control bond (retired in May 2012) and solid waste bond due 2020 at a variable interest rate of 1.57% at December 31, 2012	15,000			38,110
Revolving Credit Facility borrowings due 2016 at variable interest rates of 1.19% to 3.25% at December 31, 2012 (c)	275,000			150,000
Term Credit Agreement borrowings due 2019 at a variable interest rate of 1.71% at December 31, 2012	300,000			—
Total debt	1,270,052			847,339
Less: Current maturities of long-term debt	(150,000		)	(28,110		)
Long-term debt	$	1,120,052		$	819,229

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



2013 (c)	$	150,000
2014	112,500
2015	172,500
2016	125,000
2017	73,500
Thereafter	640,000
Total Debt	$	1,273,500


(a)	Our Senior Exchangeable Notes maturing in 2015 were discounted by $6.7 million and $9.0 million as of December 31, 2012 and 2011, respectively, but upon maturity the liability will be $172.5 million.


(b)	The mortgage notes due in 2017 were recorded at a premium of $3.2 million and $4.6 million as of December 31, 2012 and 2011, respectively. Upon maturity the liability will be $73.5 million.


(c)	Borrowings under the Revolving Credit Facility include $150 million classified in current liabilities due to the Company's intent to repay this amount in January 2013.

Term Credit Agreement

In December 2012, the Company entered into a $640 million senior unsecured term credit agreement with banks in the farm credit system, which is a network of cooperatives. The agreement matures in December 2019 and has a delayed draw feature that allows borrowings up to $640 million through December 2017 using a maximum of five advances. The periodic interest rate on the term credit agreement is LIBOR plus 150 basis points, with an unused commitment fee of 15 basis points. The Company expects to receive annual patronage refunds, which are profit distributions made by a cooperative to its member-users based on the quantity or value of business done with the member-user. The Company expects the effective interest rate to approximate LIBOR plus 100 basis points after consideration of the cash patronage refunds. At closing, TRS borrowed $300 million under the term credit agreement and used the proceeds to pay down its outstanding borrowings under the Company's existing revolving credit facility.

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. The facility had a borrowing rate of LIBOR plus 105 basis points plus a facility fee of 20 basis points. In August 2011, the Company increased the revolving credit facility to $450 million from $300 million. In October 2012, the Company negotiated amendments to the facility providing for improved pricing with a borrowing rate of LIBOR plus 97.5 basis points and a facility fee of 15 basis points. The amended and restated credit agreement also eliminated all requirements for subsidiary guarantors, other than cross-guarantees of the borrowers. The covenants related to the facility were also amended to provide additional borrowing capacity and other changes. The April 2016 expiration date remained unchanged. At December 31, 2012, the Company had $171 million of available borrowings under this facility, net of $4 million to secure its outstanding letters of credit.

3.75% Senior Notes issued March 2012

In March 2012, Rayonier Inc. issued $325 million of 3.75% Senior Notes due 2022, guaranteed by certain subsidiaries. The guarantors were revised in conjunction with the October 2012 revolving credit facility amendment, leaving TRS and Rayonier Operating Company LLC as the remaining guarantors. Approximately $150 million of the proceeds were used to repay borrowings under the Company's revolving credit facility.

$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. The Company prepaid $21.0 million of principal on the mortgage notes concurrent with the acquisition and an additional $10.5 million during 2012, the maximum amounts allowed without penalty at the respective dates. The notes were recorded at fair value on the date of acquisition. At December 31, 2012, the carrying value of the debt outstanding was $76.7 million; however, the liability will be $73.5 million at maturity. See Note 6 - Timberland Acquisitions for additional information regarding the transaction.

4.50% Senior Exchangeable 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 30.24 shares per $1,000 principal based on an exchange price of $33.07.

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 $39.50 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 $33.07. The holders of the warrants will receive net shares from Rayonier if the share price is above $39.50 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.

As of December 31, 2012, the Exchangeable Notes due 2015 became exchangeable at the option of the holders for the calendar quarter ending March 31, 2013. Per the indenture, in order for the notes to become exchangeable, the Company's stock price must exceed 130 percent of the exchange price for 20 trading days in a period of 30 consecutive trading days as of the last day of the quarter. The entire balance of the notes remained classified as long-term debt at December 31, 2012 due to the ability and intent of the Company to refinance them on a long-term basis.

3.75% Senior Exchangeable Notes issued October 2007

In October 2007, TRS issued $300.0 million of 3.75% Senior Exchangeable Notes due 2012. 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 $41.41 per share. The notes matured in October 2012 and the outstanding principal balance of $300.0 million was paid in cash, financed through borrowings on the Company's revolving credit facility. The exchangeable note hedges also matured and the associated shares were used to pay the excess exchange value of 2,221,056 shares of Rayonier stock. As a result, there was no impact on the number of shares outstanding. Warrants sold in conjunction with the issuance of the notes and hedges remain outstanding and have maturity dates in first quarter 2013. The holders of the warrants will receive net shares from Rayonier if the share price is above $41.41 at maturity of the warrants. For information regarding the dilutive effect of the assumed conversion of the warrants, refer to Note 9 — Earnings per Common Share.

The warrants are not part of the terms of the notes and the note holders will not have any rights with respect to the warrants. The 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, 2012 and 2011 are as follows:



	2012			2011
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes	$	172,500		$	172,500
3.75% Senior Exchangeable Notes	—			300,000
Unamortized discount
4.50% Senior Exchangeable Notes	(6,679		)	(8,975		)
3.75% Senior Exchangeable Notes	—			(5,378		)
Net carrying amount of debt	$	165,821		$	458,147
Equity:
Common stock	$	8,850		$	28,092

The discount for the 3.75% Senior Exchangeable Notes was amortized through maturity in October 2012 while the unamortized discount for the 4.50% notes will be amortized through August 2015.

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:



	2012		2011		2010
Contractual interest coupon
4.50% Senior Exchangeable Notes	$	7,763	$	7,763	$	7,763
3.75% Senior Exchangeable Notes	8,682		11,250		11,250
Amortization of debt discount
4.50% Senior Exchangeable Notes	2,296		2,167		2,045
3.75% Senior Exchangeable Notes	5,378		6,487		6,115
Total interest expense recognized	$	24,119	$	27,667	$	27,173

The effective interest rate on the liability component of both issues for the years ended December 31, 2012, 2011 and 2010 was 6.21%.

Debt Covenants

In connection with the Company’s $450 million revolving credit facility, covenants must be met, including an interest coverage ratio 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. Modifications were made to other covenants through the October 2012 facility amendment. The leverage ratio was revised to provide additional borrowing capacity to permit funded debt of Rayonier Inc. and its subsidiaries up to 65 percent of consolidated net worth, plus the amount of consolidated funded debt. Previously, debt was limited to four times Covenant EBITDA. In addition, the Company can now transfer assets to any subsidiary, and any subsidiary can now transfer assets to other subsidiaries or to the Company. An additional covenant was added to limit debt at subsidiaries (excluding Rayonier Operating Company LLC and TRS, which are borrowers under the agreement) to 15 percent of Consolidated Net Tangible Assets. Consolidated Net Tangible Assets is defined as total assets less the sum of total current liabilities and intangible assets. The amended and restated credit agreement removed RFR as a borrower, but also eliminated specific negative covenants relating to RFR under this facility.

The term credit agreement, executed in December 2012, contains various covenants customary to credit agreements with borrowers having investment-grade debt ratings. These covenants are substantially identical to those of the credit facility, as revised in October 2012 and discussed above.

The Company's $112 million installment note includes covenants related to Rayonier Forest Resources ("RFR"). 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, 2012, the Company was in compliance with all covenants. The covenants listed below, which are the most significant financial covenants in effect as of December 31, 2012, 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	12.57 to 1	10.07
Consolidated funded debt should not exceed 65 percent of consolidated net worth plus the amount of consolidated funded debt	65%	45%	20%
Subsidiary debt should not exceed 15 percent of Consolidated Net Tangible Assets	15%	0%	15%
RFR cash flow available for fixed charges to RFR fixed charges should not be less than	2.50 to 1	15.53 to 1	13.03

In addition to the financial covenants listed above, the installment note, mortgage notes, senior notes, term credit agreement and revolving 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 April 2012, the excess proceeds exceeded the $50 million limit and as a result, repayment of $59.9 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 $0 and $37.5 million at December 31, 2012 and 2011, respectively.

Subsequent Event

The warrants sold in conjunction with the issuance of the Senior Exchangeable Notes due 2012 began maturing on January 15, 2013 and will continue to mature through March 27, 2013. As of February 20, 2013, 4,156,775 of the 8,313,511 warrants have matured, resulting in the issuance of 998,689 Rayonier common shares.

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, 2012

Shareholders' Equity [Text Block]


12.	SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for each of the three years ended December 31, 2012 is shown below.



	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, 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
Net income	—		—			278,685			—			278,685
Dividends ($1.68 per share)	—		—			(208,286		)	—			(208,286		)
Issuance of shares under incentive stock plans	1,467,024		25,495			—			—			25,495
Stock-based compensation	—		15,116			—			—			15,116
Excess tax benefit on stock-based compensation	—		7,635			—			—			7,635
Repurchase of common shares	(169,757	)	(7,783		)	—			—			(7,783		)
Net loss from pension and postretirement plans	—		—			—			(496		)	(496		)
Foreign currency translation adjustment	—		—			—			4,352			4,352
Joint venture cash flow hedges	—		—			—			213			213
Balance, December 31, 2012	123,332,444		$	670,749		$	876,634		$	(109,379	)	$	1,438,004

The table below summarizes the tax characteristics of the cash dividend paid to shareholders for the three years ended December 31, 2012:



	2012		2011		2010
Capital gain	$	1.68	$	1.52	$	1.36
Non-taxable return of capital	—		—		—
Total cash dividend per common share	$	1.68	$	1.52	$	1.36

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 FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(d),(e))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SAB TOPIC 4.E)
-URI http://asc.fasb.org/extlink&oid=6228006&loc=d3e74512-122707

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644

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 210.5-02.29-31)
-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
-Section S99
-Paragraph 4
-Subparagraph (SAB TOPIC 4.C)
-URI http://asc.fasb.org/extlink&oid=6959260&loc=d3e187143-122770

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 8: 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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656

Reference 10: 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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Preferred Stock
-URI http://asc.fasb.org/extlink&oid=6521494

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 11
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section B
-Paragraph 7, 11A
-Chapter 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 15: 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 16: 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 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph d
-Article 4

Reference 18: 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 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section E

Reference 20: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Article 4

Reference 21: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 4
-Section C

Reference 22: 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 23: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

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

Accumulated Other Comprehensive Income/(Loss) (Notes)

12 Months Ended

Dec. 31, 2012

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


13.	ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

AOCI was comprised of the following as of December 31, 2012 and 2011:



	2012			2011
Foreign currency translation adjustments (a)	$	38,829		$	34,477
New Zealand joint venture cash flow hedges (b)	(3,628		)	(3,841		)
Unrecognized components of employee benefit plans, net of tax	(144,580		)	(144,084		)
Total	$	(109,379	)	$	(113,448	)


(a)	During the year ended December 31, 2012 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.

The entire disclosure for comprehensive income, which includes, but is not limited to, 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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e689-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669619-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 17
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e716-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e640-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 16
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e709-108580

Reference 6: 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=20435746&loc=d3e637-108580

Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

Reference 9: 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=20435746&loc=d3e681-108580

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-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.

Other Income and Expenses [Abstract]

Other Operating Income, Net (Notes)

12 Months Ended

Dec. 31, 2012

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:



	2012			2011			2010
Lease income, primarily for hunting	$	15,937		$	13,071		$	12,144
Other non-timber income	3,346			2,145			2,822
Insurance proceeds	2,298			1,890			2,700
Loss on sale or disposal of property plant & equipment (a)	(3,443		)	(7,412		)	(871		)
Environmental and disposition reserve adjustments (b)	(797		)	(5,989		)	(3,201		)
Corporate development costs	(1,073		)	—			—
Miscellaneous income (expense), net	(3,165		)	124			(3,075		)
Total	$	13,103		$	3,829		$	10,519


(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, 2012

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, 2012 follows:



	2012			2011			2010
Balance, January 1	$	90,824		$	93,160		$	98,591
Expenditures charged to liabilities	(9,926		)	(9,209		)	(8,632		)
Increase to liabilities	797			6,873			3,201
Balance, December 31	81,695			90,824			93,160
Less: Current portion	(8,105		)	(9,931		)	(11,500		)
Non-current portion	$	73,590		$	80,893		$	81,660

The Company discloses specific site liabilities where current estimates exceed 10 percent of the total liabilities for dispositions and discontinued operations at December 31, 2012. An analysis of the activity for the two years ended December 31, 2012 is as follows:



	Activity (in millions) as of December 31,
	2010					Increase (Reduction) to Liabilities			2011					(Reduction)Increase to Liabilities			2012
Sites	Liability		Expenditures			Increase (Reduction) to Liabilities			Liability		Expenditures			(Reduction)Increase to Liabilities			Liability
Augusta, Georgia	$	14.9	$	(1.1	)	$	0.1		$	13.9	$	(0.8	)	$	(1.0	)	$	12.1
Spartanburg, South Carolina	14.3		(1.0		)	1.4			14.7		(0.9		)	0.2			14.0
East Point, Georgia	12.3		(1.3		)	—			11.0		(1.0		)	0.9			10.9
Baldwin, Florida	10.0		(0.8		)	0.5			9.7		(0.9		)	0.3			9.1
Other SWP sites	31.8		(2.2		)	(3.3		)	26.3		(3.6		)	(1.8		)	20.9
Total SWP	83.3		(6.4		)	(1.3		)	75.6		(7.2		)	(1.4		)	67.0
Port Angeles, Washington	4.4		(2.2		)	7.1			9.3		(1.7		)	1.9			9.5
All other sites	5.5		(0.6		)	1.0			5.9		(1.0		)	0.3			5.2
TOTAL	$	93.2	$	(9.2	)	$	6.8		$	90.8	$	(9.9	)	$	0.8		$	81.7

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 primarily of a groundwater treatment and 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 as of December 31, 2012 was $67.3 million. The Company’s recorded liabilities cover its obligations for estimated remaining remedial and monitoring activities through 2032.

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. In 2012, SWP entered into a consent decree with the South Carolina Department of Health and Environmental Control which governs future investigatory and assessment activities at the site. Depending on the results of this investigation and assessment, additional remedial actions may be required in the future. Therefore, current cost estimates could change. Total spending as of December 31, 2012 was $38.8 million. The Company’s recorded liabilities cover its obligations for estimated remaining assessment, remedial and monitoring activities through 2032.

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 as of December 31, 2012 was $21.0 million. The Company’s recorded liabilities cover its obligations for estimated remaining assessment, remedial and monitoring activities through 2032.

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 and treatment 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 as of December 31, 2012 was $20.6 million. The Company's recorded liabilities cover its obligations for estimated remaining assessment, 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 as of December 31, 2012 was $41.2 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 $8 million in both 2013 and 2014. Such costs will be charged against its liabilities for dispositions and discontinued operations, which include environmental assessment, 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. 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.

In addition, the Company is exposed to the risk of reasonably possible additional losses in excess of the established liabilities. As of December 31, 2012, 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.

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, 2012

Loss Contingency [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.

Subsequent Event

On February 6, 2013, China's Ministry of Commerce (MOFCOM) notified the Company and a number of other parties that it had commenced an anti-dumping investigation into imports of dissolving, cotton and bamboo pulp into China from the U.S., Canada and Brazil. The notice published by MOFCOM indicates that the investigation was initiated based on a petition filed by a number of primarily commodity viscose pulp manufacturers in China. Nonetheless, as currently scoped by MOFCOM, the investigation includes all dissolving pulp, including the Company's high alpha (high purity) cellulose specialties pulps.

According to the notice, the investigation period for dumping covers calendar year 2012, and the investigation period for purposes of determining potential injury to the Chinese cellulose pulp industry is from January 1, 2010 until December 31, 2012. During calendar year 2012, Rayonier shipped about 124,000 tons of pulp into China, with about 114,500 tons being our high alpha acetate and other high purity pulps. The remainder was commodity viscose pulps.

Under Chinese law, the entire anti-dumping investigation process is expected to take 12 to 18 months. Based on detailed information required to be submitted, MOFCOM is expected to first make a preliminary determination of the dumping margin, if any, on a company-by-company basis within 6 to 9 months after initiation. Between 12 and 18 months from initiation, MOFCOM is then expected to issue its final dumping determination for each company. Final dumping duties, if any, are imposed for five years.

The Company will cooperate with this investigation. While no assurances can be given, it is not expected that this matter will have a material adverse effect on the business or financial condition of the Company.

The entire disclosure for commitments and contingencies.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-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.

Incentive Stock Plans [Text Block]

Guarantees (Notes)

12 Months Ended

Dec. 31, 2012

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, 2012, the following financial guarantees were outstanding:



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)	$	18,955	$	15,000
Guarantees (b)	2,254		43
Surety bonds (c)	7,189		1,327
Total financial commitments	$	28,398	$	16,370


(a)	Approximately $15 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 2013 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 $2.3 million of obligations of a special-purpose entity that was established to complete the monetization. At December 31, 2012, 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 2013 and 2014 and are expected to be renewed as required.

Commitments (Notes)

12 Months Ended

Dec. 31, 2012

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 $3.9 million, $3.3 million and $3.7 million in 2012, 2011 and 2010, 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 $8.0 million, $7.3 million and $7.2 million in 2012, 2011 and 2010, respectively.

At December 31, 2012, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Total
2013	$	3,833	$	7,822	$	11,655
2014	2,936		7,336		10,272
2015	1,968		7,104		9,072
2016	1,643		7,007		8,650
2017	1,181		6,670		7,851
Thereafter through 2036	2,046		48,259		50,305
	$	13,607	$	84,198	$	97,805


(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, 2012

Incentive Stock Plans [Abstract]


19.	INCENTIVE STOCK PLANS

At December 31, 2012, 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 15.8 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, 2012, a total of 7.0 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 $14.3 million, $16.2 million and $14.9 million for the years ended December 31, 2012, 2011 and 2010, respectively. For the years ended December 31, 2012, 2011 and 2010, stock-based compensation expense of $0.8 million, $0 and $0.3 million, respectively, was recorded in "Cost of sales."

Tax benefits recognized related to stock-based compensation expense for the three years ended December 31, 2012 were $4.0 million, $4.3 million and $4.2 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, 2012, there was $0.4 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 0.7 years.

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



	2012		2011		2010
Restricted shares granted	18,742		20,535		42,180
Weighted average price of restricted shares granted	$	42.40	$	43.55	$	29.91
(Amounts in millions)
Intrinsic value of restricted stock outstanding (a)	$	2.1	$	3.4	$	4.9
Fair value of restricted stock vested	$	1.8	$	2.6	$	3.2
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	0.6	$	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, 2012.



	2012
	Number of Shares		Weighted Average Grant Date Fair Value
Non-vested Restricted Shares at January 1,	76,185		$	33.55
Granted	18,742		42.40
Vested	(53,405	)	33.73
Cancelled	(950	)	35.55
Non-vested Restricted Shares at December 31,	40,572		37.36

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, 2012, there was $9.1 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 1.7 years.

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



	2012		2011		2010
Common shares of Company stock reserved for performance shares	337,360		470,820		606,180
Weighted average fair value of performance share units granted	$	56.36	$	51.57	$	39.25
(Amounts in millions)
Intrinsic value of outstanding performance share units (a)	$	36.3	$	46.0	$	40.3
Fair value of performance shares vested	$	22.2	$	9.9	$	19.7
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	7.2	$	7.1	$	5.3


(a)	Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2012.



	2012
	Number of Units		Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1,	1,030,075		$	33.73
Granted	168,680		56.36
Units Distributed	(488,570	)	21.76
Cancelled/Adjustments	(9,360	)	45.08
Outstanding Performance Share units at December 31,	700,825		47.23

Expected volatility was estimated using daily returns on the Company’s common stock for the three-year period ending on the grant date. The risk-free rate was based on the 3-year U.S. treasury rate on the date of the award. The dividend yield was not used to calculate fair value as all awards granted after January 1, 2010 receive dividend equivalents. 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, 2012:



	2012		2011		2010
Expected volatility	36.9	%	51.3	%	51.7	%
Risk-free rate	0.4	%	1.0	%	1.4	%

Non-Qualified Employee Stock Options

The exercise price of each non-qualified stock option granted under both the 1994 and the Stock Plan 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, 2012:



	2012			2011			2010
Expected volatility	39.3		%	38.2		%	37.8		%
Dividend yield	3.6		%	3.9		%	4.7		%
Risk-free rate	1.3		%	2.6		%	3.2		%
Expected life (in years)	6.4			6.5			6.7
Fair value per share of options granted	$	11.85		$	9.99		$	7.07
Fair value of options granted (in millions)	2.8			3.0			2.8

A summary of the status of the Company’s stock options as of and for the year ended December 31, 2012 is presented below:



	2012
	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,	2,346,451		$	26.77
Granted	234,110		44.42
Exercised	(960,662	)	26.23
Cancelled	(11,570	)	37.47
Options outstanding at December 31,	1,608,329		$	29.64	6.2	$	35.2
Options vested and expected to vest	1,607,293		$	29.64	6.2	$	35.2
Options exercisable at December 31,	1,235,630		$	26.71	5.5	$	30.4

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



	2012		2011		2010
(Amounts in millions)
Intrinsic value of options exercised (a)	$	20.5	$	10.4	$	15.6
Fair value of options vested	$	3.3	$	2.5	$	2.4


(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, 2012, there was $1.8 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, 2012

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, the Company no longer incurs 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 was included in the Company’s net periodic benefit cost in 2010.

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
	2012			2011			2012			2011
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$	413,147		$	346,464		$	24,833		$	21,158
Service cost	8,407			6,782			918			673
Interest cost	17,284			18,087			956			972
Actuarial loss	32,666			58,208			2,021			3,934
Plan amendments	—			—			—			(631		)
Employee contributions	—			—			1,136			1,609
Benefits paid	(17,034		)	(16,394		)	(2,282		)	(2,882		)
Projected benefit obligation at end of year	$	454,470		$	413,147		$	27,582		$	24,833



Change in Plan Assets
Fair value of plan assets at beginning of year	$	295,655		$	302,464		$	—		$	—
Actual return on plan assets	41,729			8,977			—			—
Employer contributions	1,565			1,552			1,146			1,273
Employee contributions	—			—			1,136			1,609
Benefits paid	(17,034		)	(16,394		)	(2,282		)	(2,882		)
Other expense	(1,216		)	(944		)	—			—
Fair value of plan assets at end of year	$	320,699		$	295,655		$	—		$	—



Funded Status at End of Year:
Net accrued benefit cost	$	(133,771	)	$	(117,492	)	$	(27,582	)	$	(24,833	)



Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Current liabilities	$	(1,702	)	$	(1,626	)	$	(1,256	)	$	(1,262	)
Noncurrent liabilities	(132,069		)	(115,866		)	(26,326		)	(23,571		)
Net amount recognized	$	(133,771	)	$	(117,492	)	$	(27,582	)	$	(24,833	)

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
	2012			2011			2010			2012			2011			2010
Net (losses) gains	$	(17,630	)	$	(75,995	)	$	1,348		$	(2,021	)	$	(3,934	)	$	(965	)
Prior service cost	—			—			(1,704		)	—			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
	2012		2011		2010		2012		2011		2010
Amortization of losses	$	17,578	$	10,372	$	6,456	$	582	$	570	$	3,357
Amortization of prior service cost (benefit)	1,308		1,359		1,657		25		69		(5,334		)

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
	2012			2011			2012			2011
Prior service (cost) credit	$	(7,062	)	$	(8,370	)	$	193		$	167
Net losses	(191,813		)	(191,761		)	(11,939		)	(10,500		)
Deferred income tax benefit	61,968			62,797			4,073			3,583
AOCI	$	(136,907	)	$	(137,334	)	$	(7,673	)	$	(6,750	)

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:



	2012		2011
Projected benefit obligation	$	482,052	$	437,980
Accumulated benefit obligation	434,810		392,182
Fair value of plan assets	320,699		295,655

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
	2012			2011			2010			2012		2011		2010
Components of Net Periodic Benefit Cost
Service cost	$	8,407		$	6,782		$	6,196		$	918	$	673	$	587
Interest cost	17,284			18,087			17,740			956		972		1,029
Expected return on plan assets	(25,477		)	(25,819		)	(21,651		)	—		—		—
Amortization of prior service cost (benefit)	1,308			1,359			1,657			25		69		(5,334		)
Amortization of losses	17,578			10,372			6,456			582		570		3,357
Net periodic benefit cost (benefit)	$	19,100		$	10,781		$	10,398		$	2,481	$	2,284	$	(361	)

The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2013 are as follows:



	Pension		Postretirement
Amortization of loss	$	19,215	$	711
Amortization of prior service cost	1,308		25
Total amortization of AOCI loss	$	20,523	$	736

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
	2012		2011		2010		2012		2011		2010
Assumptions used to determine benefit obligations at December 31:
Discount rate	3.70	%	4.20	%	5.25	%	3.60	%	4.10	%	5.10	%
Rate of compensation increase	4.60	%	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	4.20	%	5.25	%	5.80	%	4.10	%	5.10	%	5.50	%
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, 2012, the pension plans’ discount rate was 3.70 percent, which closely approximates interest rates on high quality, long-term obligations. Effective December 31, 2012, 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, with the assistance of external consultants, utilizes this information in developing assumptions for returns, and 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
	2012		2011
Health care cost trend rate assumed for next year	7.50	%	8.00	%
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	$	226	$	(187	)
Accumulated postretirement benefit obligation	2,089		(1,785		)

Investment of Plan Assets

The Company’s pension plans’ asset allocation at December 31, 2012 and 2011, and target allocation ranges by asset category are as follows:



	Percentage of Plan Assets				Target Allocation Range
Asset Category	2012		2011		Target Allocation Range
Domestic equity securities	41	%	44	%	40-45%
International equity securities	25	%	20	%	20-30%
Domestic fixed income securities	26	%	28	%	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, 2012 or 2011.

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, 2012 and 2011. Prior year level designations have been corrected to designate assets held in collective trust funds as level two. Management does not believe such correction is material to the previously issued financial statements.



	Fair Value at December 31, 2012						Fair Value at December 31, 2011
Asset Category	Level 1		Level 2		Total		Level 1		Level 2		Total
Domestic equity securities	$	50,653	$	76,251	$	126,904	$	128,834	$	—	$	128,834
International equity securities	51,758		27,173		78,931		57,728		—		57,728
Domestic fixed income securities	—		81,045		81,045		—		80,243		80,243
International fixed income securities	15,745		—		15,745		14,381		—		14,381
Real estate fund	10,208		—		10,208		9,846		—		9,846
Short-term investments	29		7,837		7,866		236		4,387		4,623
Total	$	128,393	$	192,306	$	320,699	$	211,025	$	84,630	$	295,655

The valuation methodology used for measuring the fair value of these asset categories was as follows:

Level 1 — Net asset value in an observable market.

Level 2 — Assets classified as level two are held in collective trust funds. The net asset value of a collective trust is calculated by determining the fair value of the fund's underlying assets, deducting its liabilities, and dividing by the units outstanding as of the valuation date. These funds are not publicly traded; however, the unit price calculation is based on observable market inputs of the funds' underlying assets.

There have been no changes in the methodology used during the years ended December 31, 2012 and 2011.

Cash Flows

Expected benefit payments for the next ten years are as follows:



	Pension Benefits		Postretirement Benefits
2013	$	18,903	$	1,256
2014	19,951		1,375
2015	20,979		1,436
2016	21,999		1,507
2017	23,011		1,526
2018 - 2022	128,704		7,701

The Company has no mandatory pension contribution requirements in 2013, 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 $2.7 million, $2.6 million and $2.4 million for the years ended December 31, 2012, 2011 and 2010, respectively. Rayonier Hourly and Salaried Defined Contribution Plans include Rayonier common stock with a fair market value of $89.4 million and $85.4 million at December 31, 2012 and 2011, 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, 2012, 2011 and 2010 were $1.0 million, $0.9 million and $0.6 million, respectively.

The entire disclosure for pension and other postretirement benefits.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-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 b
-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 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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 03-2
-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.

Reference 7: 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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph q
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph 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 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 8
-Subparagraph m
-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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 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 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7, 21, 22
-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 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS106-2
-Paragraph 20, 21, 22
-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 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 30
-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.

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results for 2012 and 2011 (UNAUDITED) (Notes)

12 Months Ended

Dec. 31, 2012

Quarterly Results for 2012 and 2011 (UNAUDITED) [Text Block]


21.	QUARTERLY RESULTS FOR 2012 and 2011 (UNAUDITED)

(Thousands of dollars, except per share amounts)



	Quarter Ended										Total Year
	March 31		June 30		Sept. 30			Dec. 31			Total Year
2012
Sales	$	355,780	$	371,926	$	408,988		$	434,306		$	1,571,000
Operating Income	84,009		98,590		113,174			115,678			411,451
Net Income	53,437		69,079		80,560			75,609			278,685
Basic EPS	0.44		0.56		0.66			0.61			2.27
Diluted EPS	0.42		0.54		0.62			0.59			2.17
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	0.48		0.46		0.86			0.46			2.27
Diluted EPS	0.47		0.45		0.84			0.45			2.20


(a)	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an 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.

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, 2012

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 August 2015. The 2012 notes matured in October 2012 and the outstanding principal balance of $300 million was paid in cash. The notes for both transactions are (were) 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.

In 2012, the Company has presented all information relating to the notes' non-guarantors in a single, combined column in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered. For comparability purposes, all prior year information has been updated to reflect the same presentation. The condensed consolidating financial information for the years ended December 31, 2011 and 2010 has been corrected to include comprehensive income. Management does not believe such correction is material to the previously issued financial statements.



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,571,000		$	—		$	1,571,000
Costs and Expenses
Cost of sales	—			—			—			1,104,805			—			1,104,805
Selling and general expenses	—			10,575			—			57,822			—			68,397
Other operating expense (income), net	110			962			—			(14,175		)	—			(13,103		)
	110			11,537			—			1,148,452			—			1,160,099
Equity in income of New Zealand joint venture	—			—			—			550			—			550
OPERATING (LOSS) INCOME	(110		)	(11,537		)	—			423,098			—			411,451
Interest expense	(10,717		)	(941		)	(37,971		)	4,648			—			(44,981		)
Interest and miscellaneous income (expense), net	6,638			5,519			(3,334		)	(8,217		)	—			606
Equity in income from subsidiaries	282,874			289,486			232,871			—			(805,231		)	—
INCOME BEFORE INCOME TAXES	278,685			282,527			191,566			419,529			(805,231		)	367,076
Income tax benefit (expense)	—			347			15,076			(103,814		)	—			(88,391		)
NET INCOME	278,685			282,874			206,642			315,715			(805,231		)	278,685
OTHER COMPREHENSIVE INCOME (LOSS)	4,069			4,069			(453		)	4,116			(7,732		)	4,069
COMPREHENSIVE INCOME	$	282,754		$	286,943		$	206,189		$	319,831		$	(812,963	)	$	282,754



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2011
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,488,642		$	—		$	1,488,642
Costs and Expenses
Cost of sales	—			—			—			1,073,732			—			1,073,732
Selling and general expenses	—			10,710			—			55,831			—			66,541
Other operating expense (income), net	—			117			—			(3,946		)	—			(3,829		)
	—			10,827			—			1,125,617			—			1,136,444
Equity in income of New Zealand joint venture	—			—			—			4,088			—			4,088
OPERATING (LOSS) INCOME	—			(10,827		)	—			367,113			—			356,286
Interest expense	621			(1,133		)	(49,555		)	(708		)	—			(50,775		)
Interest and miscellaneous income (expense), net	—			5,280			(4,508		)	79			—			851
Equity in income from subsidiaries	275,384			281,892			170,048			—			(727,324		)	—
INCOME BEFORE INCOME TAXES	276,005			275,212			115,985			366,484			(727,324		)	306,362
Income tax benefit (expense)	—			172			19,733			(50,262		)	—			(30,357		)
NET INCOME	276,005			275,384			135,718			316,222			(727,324		)	276,005
OTHER COMPREHENSIVE LOSS	(45,090		)	(45,090		)	(35,712		)	(34,403		)	115,205			(45,090		)
COMPREHENSIVE INCOME	$	230,915		$	230,294		$	100,006		$	281,819		$	(612,119	)	$	230,915



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2010
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,315,233		$	—		$	1,315,233
Costs and Expenses
Cost of sales	—		—			—			990,099			—			990,099
Selling and general expenses	—		10,122			—			56,980			—			67,102
Other operating expense (income), net	—		385			—			(10,904		)	—			(10,519		)
	—		10,507			—			1,036,175			—			1,046,682
Equity in income of New Zealand joint venture	—		—			—			1,033			—			1,033
OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		(10,507		)	—			280,091			—			269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—			—			12,367			—			12,367
OPERATING (LOSS) INCOME	—		(10,507		)	—			292,458			—			281,951
Interest expense	—		239			(50,313		)	(389		)	—			(50,463		)
Interest and miscellaneous income (expense), net	—		12,952			(4,309		)	(7,328		)	—			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			284,741			(576,635		)	232,803
Income tax (expense) benefit	—		(6,676		)	19,937			(28,478		)	—			(15,217		)
NET INCOME	217,586		217,586			102,786			256,263			(576,635		)	217,586
OTHER COMPREHENSIVE INCOME	11,384		11,384			4,056			8,967			(24,407		)	11,384
COMPREHENSIVE INCOME	$	228,970	$	228,970		$	106,842		$	265,230		$	(601,042	)	$	228,970



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2012
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	252,888	$	3,966	$	19,358	$	4,384	$	—		$	280,596
Accounts receivable, less allowance for doubtful accounts	—		386		—		99,973		—			100,359
Inventory	—		—		—		127,966		—			127,966
Prepaid and other current assets	—		1,566		691		55,096		—			57,353
Total current assets	252,888		5,918		20,049		287,419		—			566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		1,573,309		—			1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	—		2,321		—		704,717		—			707,038
INVESTMENT IN JOINT VENTURE	—		—		—		72,419		—			72,419
INVESTMENT IN SUBSIDIARIES	1,445,205		1,677,782		1,452,027		—		(4,575,014		)	—
INTERCOMPANY NOTES RECEIVABLE	213,863		14,000		19,831		—		(247,694		)	—
OTHER ASSETS	4,148		27,779		5,182		166,802		—			203,911
TOTAL ASSETS	$	1,916,104	$	1,727,800	$	1,497,089	$	2,804,666	$	(4,822,708	)	$	3,122,951
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	2,099	$	33	$	68,249	$	—		$	70,381
Current maturities of long-term debt	150,000		—		—		—		—			150,000
Accrued taxes	—		485		—		13,339		—			13,824
Accrued payroll and benefits	—		15,044		—		13,024		—			28,068
Accrued interest	3,100		379		3,197		1,280		—			7,956
Accrued customer incentives	—		—		—		10,849		—			10,849
Other current liabilities	—		2,925		—		15,715		—			18,640
Current liabilities for dispositions and discontinued operations	—		—		—		8,105		—			8,105
Total current liabilities	153,100		20,932		3,230		130,561		—			307,823
LONG-TERM DEBT	325,000		—		718,321		76,731		—			1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		73,590		—			73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,156		—		30,426		—			159,582
OTHER NON-CURRENT LIABILITIES	—		16,432		—		7,468		—			23,900
INTERCOMPANY PAYABLE	—		116,075		—		137,797		(253,872		)	—
TOTAL LIABILITIES	478,100		282,595		721,551		456,573		(253,872		)	1,684,947
TOTAL SHAREHOLDERS’ EQUITY	1,438,004		1,445,205		775,538		2,348,093		(4,568,836		)	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,916,104	$	1,727,800	$	1,497,089	$	2,804,666	$	(4,822,708	)	$	3,122,951



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	8,977		$	59,976	$	9,650	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3			—		95,005		—			95,008
Inventory	—		—			—		121,998		—			121,998
Prepaid and other current assets	—		2,328			808		45,757		—			48,893
Total current assets	—		11,308			60,784		272,410		—			344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			—		1,503,711		—			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551			—		459,001		—			461,552
INVESTMENT IN JOINT VENTURE	—		—			—		69,219		—			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		157,023		—			190,364
TOTAL ASSETS	$	1,443,081	$	1,531,153		$	1,243,244	$	2,461,364	$	(4,109,494	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,801		$	10	$	71,062	$	—		$	72,873
Current maturities of long-term debt	—		—			28,110		—		—			28,110
Accrued Taxes	—		(28		)	—		5,251		—			5,223
Accrued payroll and benefits	—		13,810			—		13,036		—			26,846
Accrued interest	8		246			5,442		1,348		—			7,044
Accrued customer incentives	—		—			—		10,369		—			10,369
Other current liabilities	—		1,887			—		15,968		—			17,855
Current liabilities for dispositions and discontinued operations	—		—			—		9,931		—			9,931
Total current liabilities	8		17,716			33,562		126,965		—			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			—		7,069		—			27,279
INTERCOMPANY PAYABLE	—		111,662			—		111,316		(222,978		)	—
TOTAL LIABILITIES	120,008		292,492			614,209		442,544		(222,978		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661			629,035		2,018,820		(3,886,516		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	1,531,153		$	1,243,244	$	2,461,364	$	(4,109,494	)	$	2,569,348



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	90,456		$	138,149		$	41,000		$	423,784		$	(247,475	)	$	445,914
INVESTING ACTIVITIES
Capital expenditures	—			(285		)	—			(157,277		)	—			(157,562		)
Purchase of timberlands	—			—			—			(106,536		)	—			(106,536		)
Jesup mill cellulose specialties expansion	—			—			—			(201,359		)	—			(201,359		)
Change in restricted cash	—			—			—			(10,559		)	—			(10,559		)
Investment in Subsidiaries	—			—			(142,508		)	—			142,508			—
Other	—			(69		)	—			3,184			—			3,115
CASH USED FOR INVESTING ACTIVITIES	—			(354		)	(142,508		)	(472,547		)	142,508			(472,901		)
FINANCING ACTIVITIES
Issuance of debt	475,000			—			740,000			15,000			—			1,230,000
Repayment of debt	(120,000		)	(30,000		)	(638,110		)	(25,500		)	—			(813,610		)
Dividends paid	(206,583		)	—			—			—			—			(206,583		)
Proceeds from the issuance of common shares	25,495			—			—			—			—			25,495
Excess tax benefits on stock-based compensation	—			—			—			7,635			—			7,635
Debt issuance costs	(3,697		)	(1,219		)	—			(1,219		)	—			(6,135		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Issuance of intercompany notes	—			(14,000		)	—			14,000			—			—
Intercompany distributions	—			(97,587		)	(41,000		)	33,620			104,967			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	162,432			(142,806		)	60,890			43,536			104,967			229,019
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(39		)	—			(39		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	252,888			(5,011		)	(40,618		)	(5,266		)	—			201,993
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of year	$	252,888		$	3,966		$	19,358		$	4,384		$	—		$	280,596



	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)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	332,577		$	15,000		$	402,994		$	(601,710	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(270		)	—			(144,252		)	—			(144,522		)
Purchase of timberlands	—			—			—			(320,899		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			—			—			(42,894		)	—			(42,894		)
Change in restricted cash	—			—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(99,988		)	(35,828		)	—			155,075			—
Other	—			69			—			11,309			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(100,189		)	(35,828		)	(488,413		)	155,075			(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		)	223,381			—			—
Intercompany distributions	—			(282,495		)	(14,760		)	(149,380		)	446,635			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(264,150		)	(253,170		)	(202,454		)	58,006			446,635			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			617			—			617
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			(20,782		)	(223,282		)	(26,796		)	—			(270,860		)
Balance, beginning of year	—			29,759			283,258			36,446			—			349,463
Balance, end of year	$	—		$	8,977		$	59,976		$	9,650		$	—		$	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)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	177,502		$	30,000		$	400,764		$	(256,263	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(2,251		)	—			(136,198		)	—			(138,449		)
Purchase of timberlands	—			—			—			(5,360		)	—			(5,360		)
Change in restricted cash	—			—			—			(8,231		)	—			(8,231		)
Investment in Subsidiaries	—			—			145,975			—			(145,975		)	—
Other	—			—			—			9,384			—			9,384
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(2,251		)	145,975			(140,405		)	(145,975		)	(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		)	(228,851		)	402,238			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(143,387		)	(148,387		)	39,789			(228,440		)	402,238			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(48		)	—			(48		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			26,864			215,764			31,871			—			274,499
Balance, beginning of year	—			2,895			67,494			4,575			—			74,964
Balance, end of year	$	—		$	29,759		$	283,258		$	36,446		$	—		$	349,463

In March 2012, Rayonier Inc. issued $325 million of 3.75% Senior Notes due 2022. At issuance, the notes were fully and unconditionally guaranteed by the following subsidiaries of Rayonier Inc.: ROC, Rayonier Louisiana Timberlands LLC, Rayonier TRS Holdings Inc. and substantially all domestic subsidiaries of TRS Holdings Inc. In October 2012, the guarantee on the notes was amended whereby all guarantors were released except ROC and Rayonier TRS Holdings Inc. As such, for comparability purposes, all prior year information has been updated to reflect ROC and Rayonier TRS Holdings Inc. as the note guarantors. In connection with these 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.

The condensed consolidating financial information for the years ended December 31, 2011 and 2010 has been corrected to include comprehensive income. Management does not believe such correction is material to the previously issued financial statements.



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2012
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,571,000		$	—		$	1,571,000
Costs and Expenses
Cost of sales	—			—			1,104,805			—			1,104,805
Selling and general expenses	—			10,575			57,822			—			68,397
Other operating expense (income), net	110			962			(14,175		)	—			(13,103		)
	110			11,537			1,148,452			—			1,160,099
Equity in income of New Zealand joint venture	—			—			550			—			550
OPERATING (LOSS) INCOME	(110		)	(11,537		)	423,098			—			411,451
Interest expense	(10,717		)	(38,912		)	4,648			—			(44,981		)
Interest and miscellaneous income (expense), net	6,638			2,185			(8,217		)	—			606
Equity in income from subsidiaries	282,874			315,715			—			(598,589		)	—
INCOME BEFORE INCOME TAXES	278,685			267,451			419,529			(598,589		)	367,076
Income tax benefit (expense)	—			15,423			(103,814		)	—			(88,391		)
NET INCOME	278,685			282,874			315,715			(598,589		)	278,685
OTHER COMPREHENSIVE INCOME	4,069			4,069			4,116			(8,185		)	4,069
COMPREHENSIVE INCOME	$	282,754		$	286,943		$	319,831		$	(606,774	)	$	282,754



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,488,642		$	—		$	1,488,642
Costs and Expenses
Cost of sales	—			—			1,073,732			—			1,073,732
Selling and general expenses	—			10,710			55,831			—			66,541
Other operating expense (income), net	—			117			(3,946		)	—			(3,829		)
	—			10,827			1,125,617			—			1,136,444
Equity in income of New Zealand joint venture	—			—			4,088			—			4,088
OPERATING (LOSS) INCOME	—			(10,827		)	367,113			—			356,286
Interest expense	621			(50,688		)	(708		)	—			(50,775		)
Interest and miscellaneous income, net	—			772			79			—			851
Equity in income from subsidiaries	275,384			316,222			—			(591,606		)	—
INCOME BEFORE INCOME TAXES	276,005			255,479			366,484			(591,606		)	306,362
Income tax benefit (expense)	—			19,905			(50,262		)	—			(30,357		)
NET INCOME	276,005			275,384			316,222			(591,606		)	276,005
OTHER COMPREHENSIVE (LOSS)	(45,090		)	(45,090		)	(34,403		)	79,493			(45,090		)
COMPREHENSIVE INCOME	$	230,915		$	230,294		$	281,819		$	(512,113	)	$	230,915



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	1,315,233		$	—		$	1,315,233
Costs and Expenses
Cost of sales	—		—			990,099			—			990,099
Selling and general expenses	—		10,122			56,980			—			67,102
Other operating expense (income), net	—		385			(10,904		)	—			(10,519		)
	—		10,507			1,036,175			—			1,046,682
Equity in income of New Zealand joint venture	—		—			1,033			—			1,033
OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		(10,507		)	280,091			—			269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—			12,367			—			12,367
OPERATING (LOSS) INCOME	—		(10,507		)	292,458			—			281,951
Interest expense	—		(50,074		)	(389		)	—			(50,463		)
Interest and miscellaneous income (expense), net	—		8,643			(7,328		)	—			1,315
Equity in income from subsidiaries	217,586		256,263			—			(473,849		)	—
INCOME BEFORE INCOME TAXES	217,586		204,325			284,741			(473,849		)	232,803
Income tax benefit (expense)	—		13,261			(28,478		)	—			(15,217		)
NET INCOME	217,586		217,586			256,263			(473,849		)	217,586
OTHER COMPREHENSIVE INCOME	11,384		11,384			8,967			(20,351		)	11,384
COMPREHENSIVE INCOME	$	228,970	$	228,970		$	265,230		$	(494,200	)	$	228,970



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2012
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	252,888	$	23,324	$	4,384	$	—		$	280,596
Accounts receivable, less allowance for doubtful accounts	—		386		99,973		—			100,359
Inventory	—		—		127,966		—			127,966
Prepaid and other current assets	—		2,257		55,096		—			57,353
Total current assets	252,888		25,967		287,419		—			566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		1,573,309		—			1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	—		2,321		704,717		—			707,038
INVESTMENT IN JOINT VENTURE	—		—		72,419		—			72,419
INVESTMENT IN SUBSIDIARIES	1,445,205		2,354,270		—		(3,799,475		)	—
INTERCOMPANY NOTES RECEIVABLE	213,863		33,831		—		(247,694		)	—
OTHER ASSETS	4,148		32,961		166,802		—			203,911
TOTAL ASSETS	$	1,916,104	$	2,449,350	$	2,804,666	$	(4,047,169	)	$	3,122,951
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	2,132	$	68,249	$	—		$	70,381
Current maturities of long-term debt	150,000		—		—		—			150,000
Accrued taxes	—		485		13,339		—			13,824
Accrued payroll and benefits	—		15,044		13,024		—			28,068
Accrued interest	3,100		3,576		1,280		—			7,956
Accrued customer incentives	—		—		10,849		—			10,849
Other current liabilities	—		2,925		15,715		—			18,640
Current liabilities for dispositions and discontinued operations	—		—		8,105		—			8,105
Total current liabilities	153,100		24,162		130,561		—			307,823
LONG-TERM DEBT	325,000		718,321		76,731		—			1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		73,590		—			73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,156		30,426		—			159,582
OTHER NON-CURRENT LIABILITIES	—		16,432		7,468		—			23,900
INTERCOMPANY PAYABLE	—		116,074		137,797		(253,871		)	—
TOTAL LIABILITIES	478,100		1,004,145		456,573		(253,871		)	1,684,947
TOTAL SHAREHOLDERS’ EQUITY	1,438,004		1,445,205		2,348,093		(3,793,298		)	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,916,104	$	2,449,350	$	2,804,666	$	(4,047,169	)	$	3,122,951



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	68,953		$	9,650	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3			95,005		—			95,008
Inventory	—		—			121,998		—			121,998
Prepaid and other current assets	—		3,136			45,757		—			48,893
Total current assets	—		72,092			272,410		—			344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			1,503,711		—			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551			459,001		—			461,552
INVESTMENT IN JOINT VENTURE	—		—			69,219		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661		2,018,306			—		(3,256,967		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420		19,072			—		(223,492		)	—
OTHER ASSETS	—		33,341			157,023		—			190,364
TOTAL ASSETS	$	1,443,081	$	2,145,362		$	2,461,364	$	(3,480,459	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,811		$	71,062	$	—		$	72,873
Current maturities of long-term debt	—		28,110			—		—			28,110
Accrued taxes	—		(28		)	5,251		—			5,223
Accrued payroll and benefits	—		13,810			13,036		—			26,846
Accrued interest	8		5,688			1,348		—			7,044
Accrued customer incentives	—		—			10,369		—			10,369
Other current liabilities	—		1,887			15,968		—			17,855
Current liabilities for dispositions and discontinued operations	—		—			9,931		—			9,931
Total current liabilities	8		51,278			126,965		—			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	—		112,904			27,719		—			140,623
OTHER NON-CURRENT LIABILITIES	—		20,210			7,069		—			27,279
INTERCOMPANY PAYABLE	—		111,662			111,316		(222,978		)	—
TOTAL LIABILITIES	120,008		906,701			442,544		(222,978		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661			2,018,820		(3,257,481		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	2,145,362		$	2,461,364	$	(3,480,459	)	$	2,569,348



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2012
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	90,456		$	138,149		$	423,784		$	(206,475	)	$	445,914
INVESTING ACTIVITIES
Capital expenditures	—			(285		)	(157,277		)	—			(157,562		)
Purchase of timberlands	—			—			(106,536		)	—			(106,536		)
Jesup mill cellulose specialties expansion	—			—			(201,359		)	—			(201,359		)
Change in restricted cash	—			—			(10,559		)	—			(10,559		)
Investment in Subsidiaries	—			(142,508		)	—			142,508			—
Other	—			(69		)	3,184			—			3,115
CASH USED FOR INVESTING ACTIVITIES	—			(142,862		)	(472,547		)	142,508			(472,901		)
FINANCING ACTIVITIES
Issuance of debt	475,000			740,000			15,000			—			1,230,000
Repayment of debt	(120,000		)	(668,110		)	(25,500		)	—			(813,610		)
Dividends paid	(206,583		)	—			—			—			(206,583		)
Proceeds from the issuance of common shares	25,495			—			—			—			25,495
Excess tax benefits on stock-based compensation	—			—			7,635			—			7,635
Debt issuance costs	(3,697		)	(1,219		)	(1,219		)	—			(6,135		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Issuance of intercompany notes	—			(14,000		)	14,000			—			—
Intercompany distributions	—			(97,587		)	33,620			63,967			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	162,432			(40,916		)	43,536			63,967			229,019
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(39		)	—			(39		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	252,888			(45,629		)	(5,266		)	—			201,993
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of year	$	252,888		$	23,324		$	4,384		$	—		$	280,596



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	332,817		$	402,994		$	(586,950	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(270		)	(144,252		)	—			(144,522		)
Purchase of timberlands	—			—			(320,899		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			—			(42,894		)	—			(42,894		)
Change in restricted cash	—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(135,816		)	—			155,075			—
Other	—			69			11,309			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(136,017		)	(488,413		)	155,075			(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		)	(18,961		)	223,381			—			—
Intercompany distributions	—			(282,495		)	(149,380		)	431,875			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(264,150		)	(440,864		)	58,006			431,875			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			617			—			617
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			(244,064		)	(26,796		)	—			(270,860		)
Balance, beginning of year	—			313,017			36,446			—			349,463
Balance, end of year	$	—		$	68,953		$	9,650		$	—		$	78,603



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	177,502		$	400,764		$	(226,263	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(2,251		)	(136,198		)	—			(138,449		)
Purchase of timberlands	—			—			(5,360		)	—			(5,360		)
Change in restricted cash	—			—			(8,231		)	—			(8,231		)
Investment in Subsidiaries	—			145,975			—			(145,975		)	—
Other	—			—			9,384			—			9,384
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			143,724			(140,405		)	(145,975		)	(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		)	(228,851		)	372,238			—
CASH USED FOR FINANCING ACTIVITIES	(143,387		)	(78,598		)	(228,440		)	372,238			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(48		)	—			(48		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			242,628			31,871			—			274,499
Balance, beginning of year	—			70,389			4,575			—			74,964
Balance, end of year	$	—		$	313,017		$	36,446		$	—		$	349,463

Schedule II - Valuation and Qualifying Accounts (Notes)

12 Months Ended

Dec. 31, 2012

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, 2012, 2011, and 2010

(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, 2012	$	399	$	67	$	(49	)	$	417
Year ended December 31, 2011	$	387	$	12	$	—		$	399
Year ended December 31, 2010	$	1,150	$	38	$	(801	)	$	387


(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, 2012
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 26 percent interest in its joint venture ("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. 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. 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.
Timber	Timber Timber is stated at the lower of cost or market value. Costs relating to acquiring, planting and growing timber including real estate taxes, lease rental payments, site preparation and direct support costs relating to facilities, vehicles and supplies are capitalized. Payroll costs are capitalized only for time spent on these activities, while interest or any other soft costs aside from those mentioned above are not capitalized. 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. Fair Value of Financial Instruments A three-level hierarchy that prioritizes the inputs used to measure fair value was established in the Accounting Standards Codification 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. 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. Rayonier uses the following methods and assumptions in estimating the fair value of its financial instruments: Cash and cash equivalents and Restricted cash — 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."
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 2013 through 2032, 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.
Employee Benefit Plans	Employee Benefit Plans The determination of expense and funding requirements for Rayonier's four defined benefit pension plans, its unfunded excess pension plan and its postretirement health care and life insurance plans are largely based on a number of actuarial assumptions. The key assumptions include discount rate, return on assets, salary increases, health care cost trends, mortality rates, longevity and service lives of employees. See Note 20 — Employee Benefit Plans for assumptions used to determine benefit obligations, the net periodic benefit cost and health care cost trend rates for the year ending December 31, 2012. Periodic pension and other postretirement expense is included in "Cost of sales" and "Selling and general expenses" in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2012 and 2011 all pension plans were in a liability position due to an underfunded status. The estimated amount to be paid in the next 12 months is recorded in "Accrued payroll and benefits" on the Consolidated Balance Sheets, with the remainder recorded as a long-term liability in "Pension and other postretirement benefits". Changes in the funded status of the Company's plans are recorded through comprehensive income (loss) in the year in which the changes occur. See Note 20 — Employee Benefit Plans for additional information. 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. At December 31, 2012, the pension plans’ discount rate was 3.70 percent, which closely approximates interest rates on high quality, long-term obligations. Effective December 31, 2012, 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, with the assistance of external consultants, utilizes this information in developing assumptions for returns, and risks and correlation of asset classes, which are then used to establish the asset allocation ranges.
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, operating loss carryforwards 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 Statements 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 or legislative changes 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 2011 and 2010 amounts have been reclassified to conform with the current year presentation.
New or Recently Adopted Accounting Pronouncements	New or Recently Adopted Accounting Pronouncements In May 2011, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update No. 2011-04, Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and International Financial Reporting Standards. This guidance changes certain fair value measurement principles, enhances the disclosure requirements for level 3 fair value measurements and requires the classification of all assets and liabilities measured at fair value in the fair value hierarchy, including those assets and liabilities which are not recorded at fair value but for which fair value is disclosed. The standard was effective for Rayonier's first quarter 2012 Form 10-Q filing and was applied prospectively. See Note 4 — Fair Value Measurements for our disclosures required under this guidance. In June 2011, the 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 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 was effective for Rayonier's first quarter 2012 Form 10-Q filing. Since Rayonier reports a consolidated statement of income and comprehensive income for each reporting period, the Company's application of this guidance had no effect on the accompanying consolidated financial statements. In February 2013, the FASB issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income. This standard requires reporting, in one place, information about reclassifications out of AOCI by component. An entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount is reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified to net income in their entirety, an entity is required to cross-reference to other currently required disclosures that provide additional detail about those amounts. The information required by this standard must be presented in one place, either parenthetically on the face of the financial statements by income statement line item or in a note. This standard will be effective for Rayonier's first quarter 2013 Form 10-Q filing. The Company is currently evaluating the impact of this pronouncement on its consolidated financial statements.
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.
Debt Issuance Costs	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.
Software Costs	Software costs are capitalized and amortized over a period not exceeding five years using the straight-line method.
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.
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, 2012, there was $0.4 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 0.7 years.
Performance Shares [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, 2012, there was $9.1 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 1.7 years. Expected volatility was estimated using daily returns on the Company’s common stock for the three-year period ending on the grant date. The risk-free rate was based on the 3-year U.S. treasury rate on the date of the award. The dividend yield was not used to calculate fair value as all awards granted after January 1, 2010 receive dividend equivalents.
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 the Stock Plan 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, 2012

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, 2012 follows (in millions of dollars):



	Sales
	2012			2011			2010
Forest Resources	$	230		$	215		$	177
Real Estate	57			71			96
Performance Fibers	1,093			1,020			881
Wood Products	88			68			68
Other Operations	105			122			102
Intersegment Eliminations (a)	(2		)	(7		)	(9		)
Total	$	1,571		$	1,489		$	1,315


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



	Operating Income/(Loss)
	2012			2011			2010
Forest Resources	$	46		$	47		$	33
Real Estate	32			47			53
Performance Fibers	359			298			214
Wood Products	10			(2		)	2
Other Operations	—			1			1
Corporate and other (a)	(36		)	(35		)	(21		)
Total	$	411		$	356		$	282


(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 the JV. See Note 15 — Liabilities for Dispositions and Discontinued Operations and Note 5 — Joint Venture Investment.



	Gross Capital Expenditures
	2012		2011			2010
Forest Resources (a)	$	156	$	468		$	41
Performance Fibers (b)	309		140			98
Wood Products	2		3			1
Corporate and other	1		2			4
Total assets acquired	$	468	$	613		$	144
Less: Assumption of loan for timberlands acquisition	—		(105		)	—
Total capital expenditures	$	468	$	508		$	144


(a)	Includes strategic timberland acquisitions of $107 million, $426 million (including assumption of a $105 million loan) and $5 million in 2012, 2011 and 2010, respectively.

(b) Includes $201 million and $43 million of strategic capital expenditures related to the Jesup mill CSE in 2012 and 2011, respectively.



	Depreciation, Depletion and Amortization
	2012		2011		2010
Forest Resources	$	75	$	63	$	59
Real Estate	8		12		22
Performance Fibers	61		56		58
Wood Products	3		3		3
Corporate and other	2		2		1
Total	$	149	$	136	$	143



	Identifiable Assets
	2012		2011
Forest Resources	$	1,690	$	1,604
Real Estate	113		103
Performance Fibers	902		646
Wood Products	18		21
Other Operations	23		25
Corporate and other	377		170
Total	$	3,123	$	2,569



	Sales by Product Line
	2012		2011		2010
Forest Resources	$	230	$	215	$	177
Real Estate
Development	2		4		3
Rural	39		33		28
Non-Strategic Timberlands	16		34		65
Total Real Estate	57		71		96
Performance Fibers
Cellulose specialties	935		824		686
Absorbent materials	158		196		195
Total Performance Fibers	1,093		1,020		881
Wood Products	88		68		68
Other	103		115		93
Total Sales	$	1,571	$	1,489	$	1,315

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



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2012		2011		2010		2012		2011		2010		2012		2011
United States	$	1,467	$	1,378	$	1,228	$	409	$	350	$	268	$	3,022	$	2,473
New Zealand	104		111		87		2		6		14		101		95
All other	—		—		—		—		—		—		—		1
Total	$	1,571	$	1,489	$	1,315	$	411	$	356	$	282	$	3,123	$	2,569



	Sales by Destination
	2012		%	2011		%	2010		%
United States	$	778	50	$	737	49	$	693	53
China	281		18	277		19	213		16
Europe	182		12	173		12	152		12
Japan	170		11	159		11	129		10
Other Asia	68		4	55		4	49		4
Latin America	53		3	36		2	35		3
New Zealand	18		1	22		1	17		1
Canada	4		—	9		1	10		1
All other	17		1	21		1	17		—
Total Sales	$	1,571	100	$	1,489	100	$	1,315	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.

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

Fair Value Measurements (Tables)

12 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]



	2012								2011
Asset (liability)	Carrying Amount			Fair Value					Carrying Amount			Fair Value
				Level 1		Level 2						Level 1		Level 2
Cash and cash equivalents	$	280,596		$	280,596	$	—		$	78,603		$	78,603	$	—
Restricted cash (a)	10,559			10,559		—			—			—		—
Current maturities of long-term debt	(150,000		)	—		(150,000		)	(28,110		)	—		(29,319		)
Long-term debt	(1,120,052		)	—		(1,250,341		)	(819,229		)	—		(994,851		)


(a)	Restricted cash is recorded in "Other Assets" and represents the proceeds from like-kind exchange ("LKE") sales deposited with a third-party intermediary.

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, 2012		Level 2		Carrying Value at December 31, 2011		Level 2
Investment in special-purpose entity	$	2,671	$	2,671	$	2,690	$	2,690

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 Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13476-108611

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 820
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7578670&loc=d3e19207-110258

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13467-108611

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6447952&loc=d3e13220-108610

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 30
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6957238&loc=d3e14172-108612

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 10
-Section 50
-Paragraph 10
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=7491637&loc=d3e13433-108611

Reference 7: 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 8: 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 9: 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 10: 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 11: 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 12: 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.

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

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

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



	2012			2011			2010
Current
U.S. federal	$	(80,029	)	$	(26,893	)	$	973
State	(4,569		)	(624		)	(12		)
Foreign	(288		)	(342		)	(1,242		)
	(84,886		)	(27,859		)	(281		)
Deferred
U.S. federal	(2,598		)	(2,079		)	(14,554		)
State	(595		)	(1,066		)	(1,283		)
Foreign	(55		)	(32		)	69
	(3,248		)	(3,177		)	(15,768		)
Changes in valuation allowance	(257		)	679			832
Total	$	(88,391	)	$	(30,357	)	$	(15,217	)

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:



	2012		2011		2010
U.S. federal statutory income tax rate	35.0	%	35.0	%	35.0	%
REIT income not subject to federal tax	(7.1	)	(10.4	)	(16.8	)
Income tax rate at federal statutory rates	27.9	%	24.6	%	18.2	%
Installment note prepayment	—		(3.7	)	—
Built-in gains tax holiday	—		(1.9	)	—
CBPC	—		—		(10.5	)
CBPC for AFMC exchange	(3.3	)	(1.9	)	—
Taxing authority settlements and unrecognized tax benefit adjustments	—		(5.3	)	(1.1	)
Other	(0.5	)	(1.9	)	(0.1	)
Income tax rate as reported	24.1	%	9.9	%	6.5	%

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:



	2012			2011
Gross deferred tax assets:
Liabilities for dispositions and discontinued operations	$	29,944		$	33,295
Pension, postretirement and other employee benefits	66,354			62,382
Foreign and state NOL carryforwards	18,023			17,796
Tax credit carryforwards	4,429			4,443
Other	8,736			13,615
Total gross deferred tax assets	127,486			131,531
Less: Valuation allowance	(19,294		)	(18,811		)
Total deferred tax assets after valuation allowance	108,192			112,720
Gross deferred tax liabilities:
Accelerated depreciation	(61,414		)	(62,594		)
Repatriation of foreign earnings	(5,428		)	(5,030		)
Other	(4,461		)	(4,021		)
Total gross deferred tax liabilities	(71,303		)	(71,645		)
Net deferred tax asset	$	36,889		$	41,075
Current portion of deferred tax asset	$	15,845		$	17,133
Noncurrent portion of deferred tax asset	26,792			30,211
Noncurrent portion of deferred tax liability	(5,748		)	(6,269		)
Net deferred tax asset	$	36,889		$	41,075

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, 2012:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand NOL Carryforwards (a)	$	17,394	$	(4,781	)	None
State NOL Carryforwards (a)	233,023		(13,242		)	2013 - 2018
State and Foreign Tax Credits	3,099		(1,271		)	2013 - 2018
Cellulosic Biofuel Producer Credit	1,330		—			2016
Total Valuation Allowance			$	(19,294	)

(a) Fully reserved at December 31, 2012.

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, 2012:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand NOL Carryforwards (a)	$	17,394	$	(4,781	)	None
State NOL Carryforwards (a)	233,023		(13,242		)	2013 - 2018
State and Foreign Tax Credits	3,099		(1,271		)	2013 - 2018
Cellulosic Biofuel Producer Credit	1,330		—			2016
Total Valuation Allowance			$	(19,294	)

(a) Fully reserved at December 31, 2012.

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 Years
U.S. Internal Revenue Service	2009 – 2012
State of Alabama	2009 – 2012
State of Florida	2005 – 2006, 2009 – 2012
State of Georgia	2009 – 2012
New Zealand Inland Revenue	2008 – 2012

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:



	2012		2011				2010
Balance at January 1,	$	6,580	$	22,580			$	17,973
Decreases related to prior year tax positions	—		(16,000		)	(a)	(1,057		)
Increases related to current year tax positions	—		—				5,780
Payments	—		—				(116		)
Balance at December 31,	$	6,580	$	6,580			$	22,580


(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.

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, 2012

Earnings Per Share [Abstract]

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



	2012		2011		2010
Net income	$	278,685	$	276,005	$	217,586
Shares used for determining basic earnings per common share	122,711,802		121,662,985		120,240,275
Dilutive effect of:
Stock options	634,218		702,693		593,768
Performance and restricted shares	757,308		982,951		1,034,319
Assumed conversion of Senior Exchangeable Notes (a)	2,888,650		1,895,762		—
Assumed conversion of warrants (a)	1,710,445		149,900		—
Shares used for determining diluted earnings per common share	128,702,423		125,394,291		121,868,362
Basic earnings per common share	$	2.27	$	2.27	$	1.81
Diluted earnings per common share	$	2.17	$	2.20	$	1.79

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



	2012	2011	2010
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	224,918	161,786	308,421
Assumed conversion of exchangeable note hedges (a)	2,888,650	1,895,762	—
Total	3,113,568	2,057,548	308,421

(a)

Inventory (Tables)

12 Months Ended

Dec. 31, 2012

INVENTORY [Abstract]

Schedule of Inventory, Current [Table Text Block]

As of December 31, 2012 and 2011, Rayonier’s inventory included the following:



	2012		2011
Finished goods (a)	$	103,568	$	96,261
Work in progress	4,446		5,544
Raw materials	17,602		18,295
Manufacturing and maintenance supplies	2,350		1,898
Total inventory	$	127,966	$	121,998


(a)	Includes $4.9 million and $8.3 million of HBU real estate held for sale at December 31, 2012 and 2011, respectively.

Debt (Tables)

12 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

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

Rayonier’s debt consisted of the following at December 31, 2012 and 2011:



	2012			2011
Senior Notes due 2022 at a fixed interest rate of 3.75%	$	325,000		$	—
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% (retired in October 2012)	—			294,622
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% (a)	165,821			163,525
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)	76,731			88,582
Pollution control bond (retired in May 2012) and solid waste bond due 2020 at a variable interest rate of 1.57% at December 31, 2012	15,000			38,110
Revolving Credit Facility borrowings due 2016 at variable interest rates of 1.19% to 3.25% at December 31, 2012 (c)	275,000			150,000
Term Credit Agreement borrowings due 2019 at a variable interest rate of 1.71% at December 31, 2012	300,000			—
Total debt	1,270,052			847,339
Less: Current maturities of long-term debt	(150,000		)	(28,110		)
Long-term debt	$	1,120,052		$	819,229

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

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



2013 (c)	$	150,000
2014	112,500
2015	172,500
2016	125,000
2017	73,500
Thereafter	640,000
Total Debt	$	1,273,500


(a)	Our Senior Exchangeable Notes maturing in 2015 were discounted by $6.7 million and $9.0 million as of December 31, 2012 and 2011, respectively, but upon maturity the liability will be $172.5 million.


(b)	The mortgage notes due in 2017 were recorded at a premium of $3.2 million and $4.6 million as of December 31, 2012 and 2011, respectively. Upon maturity the liability will be $73.5 million.


(c)	Borrowings under the Revolving Credit Facility include $150 million classified in current liabilities due to the Company's intent to repay this amount in January 2013.

Schedule of Convertible Debt [Table Text Block]

The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2012 and 2011 are as follows:



	2012			2011
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes	$	172,500		$	172,500
3.75% Senior Exchangeable Notes	—			300,000
Unamortized discount
4.50% Senior Exchangeable Notes	(6,679		)	(8,975		)
3.75% Senior Exchangeable Notes	—			(5,378		)
Net carrying amount of debt	$	165,821		$	458,147
Equity:
Common stock	$	8,850		$	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:



	2012		2011		2010
Contractual interest coupon
4.50% Senior Exchangeable Notes	$	7,763	$	7,763	$	7,763
3.75% Senior Exchangeable Notes	8,682		11,250		11,250
Amortization of debt discount
4.50% Senior Exchangeable Notes	2,296		2,167		2,045
3.75% Senior Exchangeable Notes	5,378		6,487		6,115
Total interest expense recognized	$	24,119	$	27,667	$	27,173

Schedule of Debt Covenants [Table Text Block]

The covenants listed below, which are the most significant financial covenants in effect as of December 31, 2012, 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	12.57 to 1	10.07
Consolidated funded debt should not exceed 65 percent of consolidated net worth plus the amount of consolidated funded debt	65%	45%	20%
Subsidiary debt should not exceed 15 percent of Consolidated Net Tangible Assets	15%	0%	15%
RFR cash flow available for fixed charges to RFR fixed charges should not be less than	2.50 to 1	15.53 to 1	13.03

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 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 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823

Reference 3: 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 4: 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.(e),(f))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6584090&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21506-112644

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 22
-Article 5

Stockholders' Equity Note [Abstract]

Shareholders' Equity (Tables)

12 Months Ended

Dec. 31, 2012

Schedule of Stockholders Equity [Table Text Block]

An analysis of shareholders’ equity for each of the three years ended December 31, 2012 is shown below.



	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, 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
Net income	—		—			278,685			—			278,685
Dividends ($1.68 per share)	—		—			(208,286		)	—			(208,286		)
Issuance of shares under incentive stock plans	1,467,024		25,495			—			—			25,495
Stock-based compensation	—		15,116			—			—			15,116
Excess tax benefit on stock-based compensation	—		7,635			—			—			7,635
Repurchase of common shares	(169,757	)	(7,783		)	—			—			(7,783		)
Net loss from pension and postretirement plans	—		—			—			(496		)	(496		)
Foreign currency translation adjustment	—		—			—			4,352			4,352
Joint venture cash flow hedges	—		—			—			213			213
Balance, December 31, 2012	123,332,444		$	670,749		$	876,634		$	(109,379	)	$	1,438,004

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, 2012:



	2012		2011		2010
Capital gain	$	1.68	$	1.52	$	1.36
Non-taxable return of capital	—		—		—
Total cash dividend per common share	$	1.68	$	1.52	$	1.36

Accumulated Other Comprehensive Income/(Loss) (Tables)

12 Months Ended

Dec. 31, 2012

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, 2012 and 2011:



	2012			2011
Foreign currency translation adjustments (a)	$	38,829		$	34,477
New Zealand joint venture cash flow hedges (b)	(3,628		)	(3,841		)
Unrecognized components of employee benefit plans, net of tax	(144,580		)	(144,084		)
Total	$	(109,379	)	$	(113,448	)


(a)	During the year ended December 31, 2012 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.

Other Operating Income, Net (Tables)

12 Months Ended

Dec. 31, 2012

OTHER OPERATING INCOME [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:



	2012			2011			2010
Lease income, primarily for hunting	$	15,937		$	13,071		$	12,144
Other non-timber income	3,346			2,145			2,822
Insurance proceeds	2,298			1,890			2,700
Loss on sale or disposal of property plant & equipment (a)	(3,443		)	(7,412		)	(871		)
Environmental and disposition reserve adjustments (b)	(797		)	(5,989		)	(3,201		)
Corporate development costs	(1,073		)	—			—
Miscellaneous income (expense), net	(3,165		)	124			(3,075		)
Total	$	13,103		$	3,829		$	10,519


(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, 2012

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, 2012 follows:



	2012			2011			2010
Balance, January 1	$	90,824		$	93,160		$	98,591
Expenditures charged to liabilities	(9,926		)	(9,209		)	(8,632		)
Increase to liabilities	797			6,873			3,201
Balance, December 31	81,695			90,824			93,160
Less: Current portion	(8,105		)	(9,931		)	(11,500		)
Non-current portion	$	73,590		$	80,893		$	81,660

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



	Activity (in millions) as of December 31,
	2010					Increase (Reduction) to Liabilities			2011					(Reduction)Increase to Liabilities			2012
Sites	Liability		Expenditures			Increase (Reduction) to Liabilities			Liability		Expenditures			(Reduction)Increase to Liabilities			Liability
Augusta, Georgia	$	14.9	$	(1.1	)	$	0.1		$	13.9	$	(0.8	)	$	(1.0	)	$	12.1
Spartanburg, South Carolina	14.3		(1.0		)	1.4			14.7		(0.9		)	0.2			14.0
East Point, Georgia	12.3		(1.3		)	—			11.0		(1.0		)	0.9			10.9
Baldwin, Florida	10.0		(0.8		)	0.5			9.7		(0.9		)	0.3			9.1
Other SWP sites	31.8		(2.2		)	(3.3		)	26.3		(3.6		)	(1.8		)	20.9
Total SWP	83.3		(6.4		)	(1.3		)	75.6		(7.2		)	(1.4		)	67.0
Port Angeles, Washington	4.4		(2.2		)	7.1			9.3		(1.7		)	1.9			9.5
All other sites	5.5		(0.6		)	1.0			5.9		(1.0		)	0.3			5.2
TOTAL	$	93.2	$	(9.2	)	$	6.8		$	90.8	$	(9.9	)	$	0.8		$	81.7

Guarantees (Tables)

12 Months Ended

Dec. 31, 2012

Guarantees [Abstract]

Schedule of Guarantor Obligations [Table Text Block]



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)	$	18,955	$	15,000
Guarantees (b)	2,254		43
Surety bonds (c)	7,189		1,327
Total financial commitments	$	28,398	$	16,370


(a)	Approximately $15 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 2013 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 2013 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, 2012

Commitments [Abstract]

At December 31, 2012, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Total
2013	$	3,833	$	7,822	$	11,655
2014	2,936		7,336		10,272
2015	1,968		7,104		9,072
2016	1,643		7,007		8,650
2017	1,181		6,670		7,851
Thereafter through 2036	2,046		48,259		50,305
	$	13,607	$	84,198	$	97,805


(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, 2012

Employee Service Share-based Compensation, Aggregate Disclosures [Abstract]

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:



	2012		2011		2010
Restricted shares granted	18,742		20,535		42,180
Weighted average price of restricted shares granted	$	42.40	$	43.55	$	29.91
(Amounts in millions)
Intrinsic value of restricted stock outstanding (a)	$	2.1	$	3.4	$	4.9
Fair value of restricted stock vested	$	1.8	$	2.6	$	3.2
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	0.6	$	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, 2012.



	2012
	Number of Shares		Weighted Average Grant Date Fair Value
Non-vested Restricted Shares at January 1,	76,185		$	33.55
Granted	18,742		42.40
Vested	(53,405	)	33.73
Cancelled	(950	)	35.55
Non-vested Restricted Shares at December 31,	40,572		37.36

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

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



	2012		2011		2010
Common shares of Company stock reserved for performance shares	337,360		470,820		606,180
Weighted average fair value of performance share units granted	$	56.36	$	51.57	$	39.25
(Amounts in millions)
Intrinsic value of outstanding performance share units (a)	$	36.3	$	46.0	$	40.3
Fair value of performance shares vested	$	22.2	$	9.9	$	19.7
Cash used to pay the minimum withholding tax requirements in lieu of receiving common shares	$	7.2	$	7.1	$	5.3


(a)	Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2012.



	2012
	Number of Units		Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1,	1,030,075		$	33.73
Granted	168,680		56.36
Units Distributed	(488,570	)	21.76
Cancelled/Adjustments	(9,360	)	45.08
Outstanding Performance Share units at December 31,	700,825		47.23



	2012		2011		2010
Expected volatility	36.9	%	51.3	%	51.7	%
Risk-free rate	0.4	%	1.0	%	1.4	%

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, 2012:



	2012			2011			2010
Expected volatility	39.3		%	38.2		%	37.8		%
Dividend yield	3.6		%	3.9		%	4.7		%
Risk-free rate	1.3		%	2.6		%	3.2		%
Expected life (in years)	6.4			6.5			6.7
Fair value per share of options granted	$	11.85		$	9.99		$	7.07
Fair value of options granted (in millions)	2.8			3.0			2.8

A summary of the status of the Company’s stock options as of and for the year ended December 31, 2012 is presented below:



	2012
	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,	2,346,451		$	26.77
Granted	234,110		44.42
Exercised	(960,662	)	26.23
Cancelled	(11,570	)	37.47
Options outstanding at December 31,	1,608,329		$	29.64	6.2	$	35.2
Options vested and expected to vest	1,607,293		$	29.64	6.2	$	35.2
Options exercisable at December 31,	1,235,630		$	26.71	5.5	$	30.4

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



	2012		2011		2010
(Amounts in millions)
Intrinsic value of options exercised (a)	$	20.5	$	10.4	$	15.6
Fair value of options vested	$	3.3	$	2.5	$	2.4


(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.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2012

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

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



	Pension						Postretirement
	2012			2011			2012			2011
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year	$	413,147		$	346,464		$	24,833		$	21,158
Service cost	8,407			6,782			918			673
Interest cost	17,284			18,087			956			972
Actuarial loss	32,666			58,208			2,021			3,934
Plan amendments	—			—			—			(631		)
Employee contributions	—			—			1,136			1,609
Benefits paid	(17,034		)	(16,394		)	(2,282		)	(2,882		)
Projected benefit obligation at end of year	$	454,470		$	413,147		$	27,582		$	24,833

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	$	295,655		$	302,464		$	—		$	—
Actual return on plan assets	41,729			8,977			—			—
Employer contributions	1,565			1,552			1,146			1,273
Employee contributions	—			—			1,136			1,609
Benefits paid	(17,034		)	(16,394		)	(2,282		)	(2,882		)
Other expense	(1,216		)	(944		)	—			—
Fair value of plan assets at end of year	$	320,699		$	295,655		$	—		$	—

Schedule of Net Funded Status [Table Text Block]



Funded Status at End of Year:
Net accrued benefit cost	$	(133,771	)	$	(117,492	)	$	(27,582	)	$	(24,833	)

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



Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Current liabilities	$	(1,702	)	$	(1,626	)	$	(1,256	)	$	(1,262	)
Noncurrent liabilities	(132,069		)	(115,866		)	(26,326		)	(23,571		)
Net amount recognized	$	(133,771	)	$	(117,492	)	$	(27,582	)	$	(24,833	)

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
	2012			2011			2010			2012			2011			2010
Net (losses) gains	$	(17,630	)	$	(75,995	)	$	1,348		$	(2,021	)	$	(3,934	)	$	(965	)
Prior service cost	—			—			(1,704		)	—			631			—



	Pension						Postretirement
	2012		2011		2010		2012		2011		2010
Amortization of losses	$	17,578	$	10,372	$	6,456	$	582	$	570	$	3,357
Amortization of prior service cost (benefit)	1,308		1,359		1,657		25		69		(5,334		)

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



	Pension						Postretirement
	2012			2011			2012			2011
Prior service (cost) credit	$	(7,062	)	$	(8,370	)	$	193		$	167
Net losses	(191,813		)	(191,761		)	(11,939		)	(10,500		)
Deferred income tax benefit	61,968			62,797			4,073			3,583
AOCI	$	(136,907	)	$	(137,334	)	$	(7,673	)	$	(6,750	)

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



	2012		2011
Projected benefit obligation	$	482,052	$	437,980
Accumulated benefit obligation	434,810		392,182
Fair value of plan assets	320,699		295,655

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
	2012			2011			2010			2012		2011		2010
Components of Net Periodic Benefit Cost
Service cost	$	8,407		$	6,782		$	6,196		$	918	$	673	$	587
Interest cost	17,284			18,087			17,740			956		972		1,029
Expected return on plan assets	(25,477		)	(25,819		)	(21,651		)	—		—		—
Amortization of prior service cost (benefit)	1,308			1,359			1,657			25		69		(5,334		)
Amortization of losses	17,578			10,372			6,456			582		570		3,357
Net periodic benefit cost (benefit)	$	19,100		$	10,781		$	10,398		$	2,481	$	2,284	$	(361	)

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 2013 are as follows:



	Pension		Postretirement
Amortization of loss	$	19,215	$	711
Amortization of prior service cost	1,308		25
Total amortization of AOCI loss	$	20,523	$	736

Schedule of Assumptions Used [Table Text Block]



	Pension						Postretirement
	2012		2011		2010		2012		2011		2010
Assumptions used to determine benefit obligations at December 31:
Discount rate	3.70	%	4.20	%	5.25	%	3.60	%	4.10	%	5.10	%
Rate of compensation increase	4.60	%	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	4.20	%	5.25	%	5.80	%	4.10	%	5.10	%	5.50	%
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
	2012		2011
Health care cost trend rate assumed for next year	7.50	%	8.00	%
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	$	226	$	(187	)
Accumulated postretirement benefit obligation	2,089		(1,785		)

Schedule of Allocation of Plan Assets [Table Text Block]



	Fair Value at December 31, 2012						Fair Value at December 31, 2011
Asset Category	Level 1		Level 2		Total		Level 1		Level 2		Total
Domestic equity securities	$	50,653	$	76,251	$	126,904	$	128,834	$	—	$	128,834
International equity securities	51,758		27,173		78,931		57,728		—		57,728
Domestic fixed income securities	—		81,045		81,045		—		80,243		80,243
International fixed income securities	15,745		—		15,745		14,381		—		14,381
Real estate fund	10,208		—		10,208		9,846		—		9,846
Short-term investments	29		7,837		7,866		236		4,387		4,623
Total	$	128,393	$	192,306	$	320,699	$	211,025	$	84,630	$	295,655

The Company’s pension plans’ asset allocation at December 31, 2012 and 2011, and target allocation ranges by asset category are as follows:



	Percentage of Plan Assets				Target Allocation Range
Asset Category	2012		2011		Target Allocation Range
Domestic equity securities	41	%	44	%	40-45%
International equity securities	25	%	20	%	20-30%
Domestic fixed income securities	26	%	28	%	25-30%
International fixed income securities	5	%	5	%	4-6%
Real estate fund	3	%	3	%	2-4%
Total	100	%	100	%

Schedule of Expected Benefit Payments [Table Text Block]

Expected benefit payments for the next ten years are as follows:



	Pension Benefits		Postretirement Benefits
2013	$	18,903	$	1,256
2014	19,951		1,375
2015	20,979		1,436
2016	21,999		1,507
2017	23,011		1,526
2018 - 2022	128,704		7,701

Quarterly Results for 2012 and 2011 (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2012

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
2012
Sales	$	355,780	$	371,926	$	408,988		$	434,306		$	1,571,000
Operating Income	84,009		98,590		113,174			115,678			411,451
Net Income	53,437		69,079		80,560			75,609			278,685
Basic EPS	0.44		0.56		0.66			0.61			2.27
Diluted EPS	0.42		0.54		0.62			0.59			2.17
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	0.48		0.46		0.86			0.46			2.27
Diluted EPS	0.47		0.45		0.84			0.45			2.20


(a)	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an 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.

Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2012

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 AND COMPREHENSIVE INCOME For the Year Ended December 31, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,571,000		$	—		$	1,571,000
Costs and Expenses
Cost of sales	—			—			—			1,104,805			—			1,104,805
Selling and general expenses	—			10,575			—			57,822			—			68,397
Other operating expense (income), net	110			962			—			(14,175		)	—			(13,103		)
	110			11,537			—			1,148,452			—			1,160,099
Equity in income of New Zealand joint venture	—			—			—			550			—			550
OPERATING (LOSS) INCOME	(110		)	(11,537		)	—			423,098			—			411,451
Interest expense	(10,717		)	(941		)	(37,971		)	4,648			—			(44,981		)
Interest and miscellaneous income (expense), net	6,638			5,519			(3,334		)	(8,217		)	—			606
Equity in income from subsidiaries	282,874			289,486			232,871			—			(805,231		)	—
INCOME BEFORE INCOME TAXES	278,685			282,527			191,566			419,529			(805,231		)	367,076
Income tax benefit (expense)	—			347			15,076			(103,814		)	—			(88,391		)
NET INCOME	278,685			282,874			206,642			315,715			(805,231		)	278,685
OTHER COMPREHENSIVE INCOME (LOSS)	4,069			4,069			(453		)	4,116			(7,732		)	4,069
COMPREHENSIVE INCOME	$	282,754		$	286,943		$	206,189		$	319,831		$	(812,963	)	$	282,754



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2011
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,488,642		$	—		$	1,488,642
Costs and Expenses
Cost of sales	—			—			—			1,073,732			—			1,073,732
Selling and general expenses	—			10,710			—			55,831			—			66,541
Other operating expense (income), net	—			117			—			(3,946		)	—			(3,829		)
	—			10,827			—			1,125,617			—			1,136,444
Equity in income of New Zealand joint venture	—			—			—			4,088			—			4,088
OPERATING (LOSS) INCOME	—			(10,827		)	—			367,113			—			356,286
Interest expense	621			(1,133		)	(49,555		)	(708		)	—			(50,775		)
Interest and miscellaneous income (expense), net	—			5,280			(4,508		)	79			—			851
Equity in income from subsidiaries	275,384			281,892			170,048			—			(727,324		)	—
INCOME BEFORE INCOME TAXES	276,005			275,212			115,985			366,484			(727,324		)	306,362
Income tax benefit (expense)	—			172			19,733			(50,262		)	—			(30,357		)
NET INCOME	276,005			275,384			135,718			316,222			(727,324		)	276,005
OTHER COMPREHENSIVE LOSS	(45,090		)	(45,090		)	(35,712		)	(34,403		)	115,205			(45,090		)
COMPREHENSIVE INCOME	$	230,915		$	230,294		$	100,006		$	281,819		$	(612,119	)	$	230,915



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2010
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	—		$	1,315,233		$	—		$	1,315,233
Costs and Expenses
Cost of sales	—		—			—			990,099			—			990,099
Selling and general expenses	—		10,122			—			56,980			—			67,102
Other operating expense (income), net	—		385			—			(10,904		)	—			(10,519		)
	—		10,507			—			1,036,175			—			1,046,682
Equity in income of New Zealand joint venture	—		—			—			1,033			—			1,033
OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		(10,507		)	—			280,091			—			269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—			—			12,367			—			12,367
OPERATING (LOSS) INCOME	—		(10,507		)	—			292,458			—			281,951
Interest expense	—		239			(50,313		)	(389		)	—			(50,463		)
Interest and miscellaneous income (expense), net	—		12,952			(4,309		)	(7,328		)	—			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			284,741			(576,635		)	232,803
Income tax (expense) benefit	—		(6,676		)	19,937			(28,478		)	—			(15,217		)
NET INCOME	217,586		217,586			102,786			256,263			(576,635		)	217,586
OTHER COMPREHENSIVE INCOME	11,384		11,384			4,056			8,967			(24,407		)	11,384
COMPREHENSIVE INCOME	$	228,970	$	228,970		$	106,842		$	265,230		$	(601,042	)	$	228,970

Schedule of Condensed Consolidating Balance Sheet [Table Text Block]



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2012
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)		Rayonier TRS Holdings Inc. (Issuer)		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	252,888	$	3,966	$	19,358	$	4,384	$	—		$	280,596
Accounts receivable, less allowance for doubtful accounts	—		386		—		99,973		—			100,359
Inventory	—		—		—		127,966		—			127,966
Prepaid and other current assets	—		1,566		691		55,096		—			57,353
Total current assets	252,888		5,918		20,049		287,419		—			566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		1,573,309		—			1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	—		2,321		—		704,717		—			707,038
INVESTMENT IN JOINT VENTURE	—		—		—		72,419		—			72,419
INVESTMENT IN SUBSIDIARIES	1,445,205		1,677,782		1,452,027		—		(4,575,014		)	—
INTERCOMPANY NOTES RECEIVABLE	213,863		14,000		19,831		—		(247,694		)	—
OTHER ASSETS	4,148		27,779		5,182		166,802		—			203,911
TOTAL ASSETS	$	1,916,104	$	1,727,800	$	1,497,089	$	2,804,666	$	(4,822,708	)	$	3,122,951
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	2,099	$	33	$	68,249	$	—		$	70,381
Current maturities of long-term debt	150,000		—		—		—		—			150,000
Accrued taxes	—		485		—		13,339		—			13,824
Accrued payroll and benefits	—		15,044		—		13,024		—			28,068
Accrued interest	3,100		379		3,197		1,280		—			7,956
Accrued customer incentives	—		—		—		10,849		—			10,849
Other current liabilities	—		2,925		—		15,715		—			18,640
Current liabilities for dispositions and discontinued operations	—		—		—		8,105		—			8,105
Total current liabilities	153,100		20,932		3,230		130,561		—			307,823
LONG-TERM DEBT	325,000		—		718,321		76,731		—			1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		73,590		—			73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,156		—		30,426		—			159,582
OTHER NON-CURRENT LIABILITIES	—		16,432		—		7,468		—			23,900
INTERCOMPANY PAYABLE	—		116,075		—		137,797		(253,872		)	—
TOTAL LIABILITIES	478,100		282,595		721,551		456,573		(253,872		)	1,684,947
TOTAL SHAREHOLDERS’ EQUITY	1,438,004		1,445,205		775,538		2,348,093		(4,568,836		)	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,916,104	$	1,727,800	$	1,497,089	$	2,804,666	$	(4,822,708	)	$	3,122,951



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc. (Parent Guarantor)		ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	8,977		$	59,976	$	9,650	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3			—		95,005		—			95,008
Inventory	—		—			—		121,998		—			121,998
Prepaid and other current assets	—		2,328			808		45,757		—			48,893
Total current assets	—		11,308			60,784		272,410		—			344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			—		1,503,711		—			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551			—		459,001		—			461,552
INVESTMENT IN JOINT VENTURE	—		—			—		69,219		—			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		157,023		—			190,364
TOTAL ASSETS	$	1,443,081	$	1,531,153		$	1,243,244	$	2,461,364	$	(4,109,494	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,801		$	10	$	71,062	$	—		$	72,873
Current maturities of long-term debt	—		—			28,110		—		—			28,110
Accrued Taxes	—		(28		)	—		5,251		—			5,223
Accrued payroll and benefits	—		13,810			—		13,036		—			26,846
Accrued interest	8		246			5,442		1,348		—			7,044
Accrued customer incentives	—		—			—		10,369		—			10,369
Other current liabilities	—		1,887			—		15,968		—			17,855
Current liabilities for dispositions and discontinued operations	—		—			—		9,931		—			9,931
Total current liabilities	8		17,716			33,562		126,965		—			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			—		7,069		—			27,279
INTERCOMPANY PAYABLE	—		111,662			—		111,316		(222,978		)	—
TOTAL LIABILITIES	120,008		292,492			614,209		442,544		(222,978		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661			629,035		2,018,820		(3,886,516		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	1,531,153		$	1,243,244	$	2,461,364	$	(4,109,494	)	$	2,569,348

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



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	90,456		$	138,149		$	41,000		$	423,784		$	(247,475	)	$	445,914
INVESTING ACTIVITIES
Capital expenditures	—			(285		)	—			(157,277		)	—			(157,562		)
Purchase of timberlands	—			—			—			(106,536		)	—			(106,536		)
Jesup mill cellulose specialties expansion	—			—			—			(201,359		)	—			(201,359		)
Change in restricted cash	—			—			—			(10,559		)	—			(10,559		)
Investment in Subsidiaries	—			—			(142,508		)	—			142,508			—
Other	—			(69		)	—			3,184			—			3,115
CASH USED FOR INVESTING ACTIVITIES	—			(354		)	(142,508		)	(472,547		)	142,508			(472,901		)
FINANCING ACTIVITIES
Issuance of debt	475,000			—			740,000			15,000			—			1,230,000
Repayment of debt	(120,000		)	(30,000		)	(638,110		)	(25,500		)	—			(813,610		)
Dividends paid	(206,583		)	—			—			—			—			(206,583		)
Proceeds from the issuance of common shares	25,495			—			—			—			—			25,495
Excess tax benefits on stock-based compensation	—			—			—			7,635			—			7,635
Debt issuance costs	(3,697		)	(1,219		)	—			(1,219		)	—			(6,135		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Issuance of intercompany notes	—			(14,000		)	—			14,000			—			—
Intercompany distributions	—			(97,587		)	(41,000		)	33,620			104,967			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	162,432			(142,806		)	60,890			43,536			104,967			229,019
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(39		)	—			(39		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	252,888			(5,011		)	(40,618		)	(5,266		)	—			201,993
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of year	$	252,888		$	3,966		$	19,358		$	4,384		$	—		$	280,596



	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)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	332,577		$	15,000		$	402,994		$	(601,710	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(270		)	—			(144,252		)	—			(144,522		)
Purchase of timberlands	—			—			—			(320,899		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			—			—			(42,894		)	—			(42,894		)
Change in restricted cash	—			—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(99,988		)	(35,828		)	—			155,075			—
Other	—			69			—			11,309			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(100,189		)	(35,828		)	(488,413		)	155,075			(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		)	223,381			—			—
Intercompany distributions	—			(282,495		)	(14,760		)	(149,380		)	446,635			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(264,150		)	(253,170		)	(202,454		)	58,006			446,635			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			617			—			617
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			(20,782		)	(223,282		)	(26,796		)	—			(270,860		)
Balance, beginning of year	—			29,759			283,258			36,446			—			349,463
Balance, end of year	$	—		$	8,977		$	59,976		$	9,650		$	—		$	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)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	177,502		$	30,000		$	400,764		$	(256,263	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(2,251		)	—			(136,198		)	—			(138,449		)
Purchase of timberlands	—			—			—			(5,360		)	—			(5,360		)
Change in restricted cash	—			—			—			(8,231		)	—			(8,231		)
Investment in Subsidiaries	—			—			145,975			—			(145,975		)	—
Other	—			—			—			9,384			—			9,384
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	—			(2,251		)	145,975			(140,405		)	(145,975		)	(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		)	(228,851		)	402,238			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(143,387		)	(148,387		)	39,789			(228,440		)	402,238			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(48		)	—			(48		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			26,864			215,764			31,871			—			274,499
Balance, beginning of year	—			2,895			67,494			4,575			—			74,964
Balance, end of year	$	—		$	29,759		$	283,258		$	36,446		$	—		$	349,463

Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consoldiating Income Statement [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2012
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,571,000		$	—		$	1,571,000
Costs and Expenses
Cost of sales	—			—			1,104,805			—			1,104,805
Selling and general expenses	—			10,575			57,822			—			68,397
Other operating expense (income), net	110			962			(14,175		)	—			(13,103		)
	110			11,537			1,148,452			—			1,160,099
Equity in income of New Zealand joint venture	—			—			550			—			550
OPERATING (LOSS) INCOME	(110		)	(11,537		)	423,098			—			411,451
Interest expense	(10,717		)	(38,912		)	4,648			—			(44,981		)
Interest and miscellaneous income (expense), net	6,638			2,185			(8,217		)	—			606
Equity in income from subsidiaries	282,874			315,715			—			(598,589		)	—
INCOME BEFORE INCOME TAXES	278,685			267,451			419,529			(598,589		)	367,076
Income tax benefit (expense)	—			15,423			(103,814		)	—			(88,391		)
NET INCOME	278,685			282,874			315,715			(598,589		)	278,685
OTHER COMPREHENSIVE INCOME	4,069			4,069			4,116			(8,185		)	4,069
COMPREHENSIVE INCOME	$	282,754		$	286,943		$	319,831		$	(606,774	)	$	282,754



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,488,642		$	—		$	1,488,642
Costs and Expenses
Cost of sales	—			—			1,073,732			—			1,073,732
Selling and general expenses	—			10,710			55,831			—			66,541
Other operating expense (income), net	—			117			(3,946		)	—			(3,829		)
	—			10,827			1,125,617			—			1,136,444
Equity in income of New Zealand joint venture	—			—			4,088			—			4,088
OPERATING (LOSS) INCOME	—			(10,827		)	367,113			—			356,286
Interest expense	621			(50,688		)	(708		)	—			(50,775		)
Interest and miscellaneous income, net	—			772			79			—			851
Equity in income from subsidiaries	275,384			316,222			—			(591,606		)	—
INCOME BEFORE INCOME TAXES	276,005			255,479			366,484			(591,606		)	306,362
Income tax benefit (expense)	—			19,905			(50,262		)	—			(30,357		)
NET INCOME	276,005			275,384			316,222			(591,606		)	276,005
OTHER COMPREHENSIVE (LOSS)	(45,090		)	(45,090		)	(34,403		)	79,493			(45,090		)
COMPREHENSIVE INCOME	$	230,915		$	230,294		$	281,819		$	(512,113	)	$	230,915



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—	$	—		$	1,315,233		$	—		$	1,315,233
Costs and Expenses
Cost of sales	—		—			990,099			—			990,099
Selling and general expenses	—		10,122			56,980			—			67,102
Other operating expense (income), net	—		385			(10,904		)	—			(10,519		)
	—		10,507			1,036,175			—			1,046,682
Equity in income of New Zealand joint venture	—		—			1,033			—			1,033
OPERATING (LOSS) INCOME BEFORE GAIN ON SALE OF A PORTION OF INTEREST IN NEW ZEALAND JOINT VENTURE	—		(10,507		)	280,091			—			269,584
Gain on sale of a portion of interest in New Zealand joint venture	—		—			12,367			—			12,367
OPERATING (LOSS) INCOME	—		(10,507		)	292,458			—			281,951
Interest expense	—		(50,074		)	(389		)	—			(50,463		)
Interest and miscellaneous income (expense), net	—		8,643			(7,328		)	—			1,315
Equity in income from subsidiaries	217,586		256,263			—			(473,849		)	—
INCOME BEFORE INCOME TAXES	217,586		204,325			284,741			(473,849		)	232,803
Income tax benefit (expense)	—		13,261			(28,478		)	—			(15,217		)
NET INCOME	217,586		217,586			256,263			(473,849		)	217,586
OTHER COMPREHENSIVE INCOME	11,384		11,384			8,967			(20,351		)	11,384
COMPREHENSIVE INCOME	$	228,970	$	228,970		$	265,230		$	(494,200	)	$	228,970

Schedule of Condensed Consolidating Balance Sheet [Table Text Block]



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2012
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	252,888	$	23,324	$	4,384	$	—		$	280,596
Accounts receivable, less allowance for doubtful accounts	—		386		99,973		—			100,359
Inventory	—		—		127,966		—			127,966
Prepaid and other current assets	—		2,257		55,096		—			57,353
Total current assets	252,888		25,967		287,419		—			566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		1,573,309		—			1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	—		2,321		704,717		—			707,038
INVESTMENT IN JOINT VENTURE	—		—		72,419		—			72,419
INVESTMENT IN SUBSIDIARIES	1,445,205		2,354,270		—		(3,799,475		)	—
INTERCOMPANY NOTES RECEIVABLE	213,863		33,831		—		(247,694		)	—
OTHER ASSETS	4,148		32,961		166,802		—			203,911
TOTAL ASSETS	$	1,916,104	$	2,449,350	$	2,804,666	$	(4,047,169	)	$	3,122,951
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	2,132	$	68,249	$	—		$	70,381
Current maturities of long-term debt	150,000		—		—		—			150,000
Accrued taxes	—		485		13,339		—			13,824
Accrued payroll and benefits	—		15,044		13,024		—			28,068
Accrued interest	3,100		3,576		1,280		—			7,956
Accrued customer incentives	—		—		10,849		—			10,849
Other current liabilities	—		2,925		15,715		—			18,640
Current liabilities for dispositions and discontinued operations	—		—		8,105		—			8,105
Total current liabilities	153,100		24,162		130,561		—			307,823
LONG-TERM DEBT	325,000		718,321		76,731		—			1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		73,590		—			73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		129,156		30,426		—			159,582
OTHER NON-CURRENT LIABILITIES	—		16,432		7,468		—			23,900
INTERCOMPANY PAYABLE	—		116,074		137,797		(253,871		)	—
TOTAL LIABILITIES	478,100		1,004,145		456,573		(253,871		)	1,684,947
TOTAL SHAREHOLDERS’ EQUITY	1,438,004		1,445,205		2,348,093		(3,793,298		)	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,916,104	$	2,449,350	$	2,804,666	$	(4,047,169	)	$	3,122,951



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2011
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors			Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	—	$	68,953		$	9,650	$	—		$	78,603
Accounts receivable, less allowance for doubtful accounts	—		3			95,005		—			95,008
Inventory	—		—			121,998		—			121,998
Prepaid and other current assets	—		3,136			45,757		—			48,893
Total current assets	—		72,092			272,410		—			344,502
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—			1,503,711		—			1,503,711
NET PROPERTY, PLANT AND EQUIPMENT	—		2,551			459,001		—			461,552
INVESTMENT IN JOINT VENTURE	—		—			69,219		—			69,219
INVESTMENT IN SUBSIDIARIES	1,238,661		2,018,306			—		(3,256,967		)	—
INTERCOMPANY NOTES RECEIVABLE	204,420		19,072			—		(223,492		)	—
OTHER ASSETS	—		33,341			157,023		—			190,364
TOTAL ASSETS	$	1,443,081	$	2,145,362		$	2,461,364	$	(3,480,459	)	$	2,569,348
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,811		$	71,062	$	—		$	72,873
Current maturities of long-term debt	—		28,110			—		—			28,110
Accrued taxes	—		(28		)	5,251		—			5,223
Accrued payroll and benefits	—		13,810			13,036		—			26,846
Accrued interest	8		5,688			1,348		—			7,044
Accrued customer incentives	—		—			10,369		—			10,369
Other current liabilities	—		1,887			15,968		—			17,855
Current liabilities for dispositions and discontinued operations	—		—			9,931		—			9,931
Total current liabilities	8		51,278			126,965		—			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	—		112,904			27,719		—			140,623
OTHER NON-CURRENT LIABILITIES	—		20,210			7,069		—			27,279
INTERCOMPANY PAYABLE	—		111,662			111,316		(222,978		)	—
TOTAL LIABILITIES	120,008		906,701			442,544		(222,978		)	1,246,275
TOTAL SHAREHOLDERS’ EQUITY	1,323,073		1,238,661			2,018,820		(3,257,481		)	1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,443,081	$	2,145,362		$	2,461,364	$	(3,480,459	)	$	2,569,348

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



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2012
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	90,456		$	138,149		$	423,784		$	(206,475	)	$	445,914
INVESTING ACTIVITIES
Capital expenditures	—			(285		)	(157,277		)	—			(157,562		)
Purchase of timberlands	—			—			(106,536		)	—			(106,536		)
Jesup mill cellulose specialties expansion	—			—			(201,359		)	—			(201,359		)
Change in restricted cash	—			—			(10,559		)	—			(10,559		)
Investment in Subsidiaries	—			(142,508		)	—			142,508			—
Other	—			(69		)	3,184			—			3,115
CASH USED FOR INVESTING ACTIVITIES	—			(142,862		)	(472,547		)	142,508			(472,901		)
FINANCING ACTIVITIES
Issuance of debt	475,000			740,000			15,000			—			1,230,000
Repayment of debt	(120,000		)	(668,110		)	(25,500		)	—			(813,610		)
Dividends paid	(206,583		)	—			—			—			(206,583		)
Proceeds from the issuance of common shares	25,495			—			—			—			25,495
Excess tax benefits on stock-based compensation	—			—			7,635			—			7,635
Debt issuance costs	(3,697		)	(1,219		)	(1,219		)	—			(6,135		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Issuance of intercompany notes	—			(14,000		)	14,000			—			—
Intercompany distributions	—			(97,587		)	33,620			63,967			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	162,432			(40,916		)	43,536			63,967			229,019
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(39		)	—			(39		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	252,888			(45,629		)	(5,266		)	—			201,993
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of year	$	252,888		$	23,324		$	4,384		$	—		$	280,596



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2011
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	283,409		$	332,817		$	402,994		$	(586,950	)	$	432,270
INVESTING ACTIVITIES
Capital expenditures	—			(270		)	(144,252		)	—			(144,522		)
Purchase of timberlands	—			—			(320,899		)	—			(320,899		)
Jesup mill cellulose specialties expansion	—			—			(42,894		)	—			(42,894		)
Change in restricted cash	—			—			8,323			—			8,323
Investment in Subsidiaries	(19,259		)	(135,816		)	—			155,075			—
Other	—			69			11,309			—			11,378
CASH USED FOR INVESTING ACTIVITIES	(19,259		)	(136,017		)	(488,413		)	155,075			(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		)	(18,961		)	223,381			—			—
Intercompany distributions	—			(282,495		)	(149,380		)	431,875			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(264,150		)	(440,864		)	58,006			431,875			(215,133		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			617			—			617
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			(244,064		)	(26,796		)	—			(270,860		)
Balance, beginning of year	—			313,017			36,446			—			349,463
Balance, end of year	$	—		$	68,953		$	9,650		$	—		$	78,603



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2010
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	143,387		$	177,502		$	400,764		$	(226,263	)	$	495,390
INVESTING ACTIVITIES
Capital expenditures	—			(2,251		)	(136,198		)	—			(138,449		)
Purchase of timberlands	—			—			(5,360		)	—			(5,360		)
Change in restricted cash	—			—			(8,231		)	—			(8,231		)
Investment in Subsidiaries	—			145,975			—			(145,975		)	—
Other	—			—			9,384			—			9,384
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			143,724			(140,405		)	(145,975		)	(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		)	(228,851		)	372,238			—
CASH USED FOR FINANCING ACTIVITIES	(143,387		)	(78,598		)	(228,440		)	372,238			(78,187		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(48		)	—			(48		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	—			242,628			31,871			—			274,499
Balance, beginning of year	—			70,389			4,575			—			74,964
Balance, end of year	$	—		$	313,017		$	36,446		$	—		$	349,463

Schedule II - Valuation and Qualifying Accounts (Tables)

12 Months Ended

Dec. 31, 2012

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, 2012	$	399	$	67	$	(49	)	$	417
Year ended December 31, 2011	$	387	$	12	$	—		$	399
Year ended December 31, 2010	$	1,150	$	38	$	(801	)	$	387


(1)	Primarily payments and adjustments to required reserves.

Nature of Business Operations (Details) Acres in Thousands, a in Millions	12 Months Ended
	Dec. 31, 2012 a Acres t	Dec. 31, 2011 Acres
Acres Of Timberland Owned Managed \| a	2.7
Acres of High Value Real Estate Owned \| Acres	200
Forest Resources [Member]
Acres Of Timberland Owned Managed \| Acres	2,600
Acres of Timberlands Acquired \| Acres	88	308
Real Estate Segment [Member]
Area of Real Estate Property \| a	0.1
Performance Fibers Segment [Member]
Production Capacity in Metric Tons	745,000
Percentage of Sales to Export Customers	63.00%
Performance Fibers Segment [Member] \| Cellulose Specialties Expansion (CSE) [Member]
Increase in Cellulose Specialties Capacity	190,000
Decrease in Absorbent Materials Capacity	260,000
Anticipated Post-conversion Production Capacity in Metric Tons	675,000

Nature of Business Operations Subsequent Event (Details) - USD ($) $ in Millions	1 Months Ended	3 Months Ended
	Jan. 31, 2013	Mar. 31, 2013
Wood Products Sale [Line Items]
Subsequent Event, Description	sell all of the assets of its Wood Products business
Sale Price	$ 80
Wood Products Sale Expected Closing		first quarter of 2013

Summary of Significant Accounting Policies (Details)	12 Months Ended
Summary of Significant Accounting Policies (Details)	Dec. 31, 2012
Minimum \| Non-production Performance Fiber assets
Property, Plant and Equipment [Line Items]
Useful life, in years	3 years
Minimum \| Sawmill assets
Property, Plant and Equipment [Line Items]
Useful life, in years	3 years
Minimum \| Buildings
Property, Plant and Equipment [Line Items]
Useful life, in years	15 years
Minimum \| Land Improvements
Property, Plant and Equipment [Line Items]
Useful life, in years	5 years
Maximum \| Non-production Performance Fiber assets
Property, Plant and Equipment [Line Items]
Useful life, in years	25 years
Maximum \| Sawmill assets
Property, Plant and Equipment [Line Items]
Useful life, in years	15 years
Maximum \| Buildings
Property, Plant and Equipment [Line Items]
Useful life, in years	35 years
Maximum \| Land Improvements
Property, Plant and Equipment [Line Items]
Useful life, in years	30 years

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

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

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

$ 797

$ 6,873

$ 3,201

Total Capital Expenditures

468,000

508,000

144,000

Segment Reporting Information, Total Additions to Long-Lived Assets

468,000

613,000

144,000

148,718

135,742

143,406

$ 115,678

$ 113,174

$ 98,590

$ 84,009

$ 81,325

^[1]

$ 108,310

$ 79,073

$ 87,578

411,451

356,286

281,951

434,306

$ 408,988

$ 371,926

$ 355,780

388,423

$ 385,091

$ 357,397

$ 357,731

1,571,000

1,488,642

1,315,233

3,122,951

2,569,348

3,122,951

2,569,348

Secured Mortgage Notes Assumed with Timberland Acquisition [Member]

(105,000)

Port Angeles Increase in Disposition Reserve [Member]

(105,000)

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

6,500

Forest Resources

Segment Reporting Information, Total Additions to Long-Lived Assets

^[2]

156,000

468,000

41,000

75,000

63,000

59,000

46,000

47,000

33,000

230,000

215,000

177,000

1,690,000

1,604,000

1,690,000

1,604,000

Real Estate Segment

8,000

12,000

22,000

32,000

47,000

53,000

57,000

71,000

96,000

Performance Fibers Segment

113,000

103,000

113,000

103,000

Segment Reporting Information, Total Additions to Long-Lived Assets

309,000

^[3]

140,000

^[3]

98,000

61,000

56,000

58,000

359,000

298,000

214,000

1,093,000

1,020,000

$ 881,000

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

902,000

646,000

902,000

646,000

Performance Fibers Segment | Customer 1

Strategic Capital

$ 201,000

$ 43,000

Performance Fibers Segment | Customer 2

15.00%

14.00%

Performance Fibers Segment | Customer 3

10.00%

11.00%

10.00%

Performance Fibers Segment | Customer 4

12.00%

11.00%

10.00%

Wood Products Segment

Segment Reporting Information, Total Additions to Long-Lived Assets

$ 2,000

$ 3,000

$ 1,000

3,000

10,000

(2,000)

2,000

88,000

68,000

18,000

21,000

18,000

21,000

Other Operations

1,000

105,000

122,000

102,000

23,000

25,000

23,000

25,000

Intersegment Elimination

^[4]

(2,000)

(7,000)

(9,000)

Corporate and other

Segment Reporting Information, Total Additions to Long-Lived Assets

1,000

2,000

4,000

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

12,000

2,000

1,000

(36,000)

(35,000)

^[5]

(21,000)

^[5]

Corporate and other | Port Angeles Increase in Disposition Reserve [Member]

$ 377,000

$ 170,000

377,000

170,000

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

7,000

Timber Properties | Forest Resources

Strategic Capital

$ 107,000

$ 426,000

$ 5,000

[1]	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an increase in a disposition reserve.
[2]	Includes strategic timberland acquisitions of $107 million, $426 million (including assumption of a $105 million loan) and $5 million in 2012, 2011 and 2010, respectively.
[3]	Includes $201 million and $43 million of strategic capital expenditures related to the Jesup mill CSE in 2012 and 2011, respectively.
[4]	Intersegment eliminations reflect sales from our Forest Resources segment to our Performance Fibers segment.
[5]	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 the JV. See Note 15 — Liabilities for Dispositions and Discontinued Operations and Note 5 — Joint Venture Investment.

Sales by Product Line (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
Sales by Product Line (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Sales by Product Line [Line Items]
Revenue, Net	$ 434,306	$ 408,988	$ 371,926	$ 355,780	$ 388,423	$ 385,091	$ 357,397	$ 357,731	$ 1,571,000	$ 1,488,642	$ 1,315,233
Forest Resources
Sales by Product Line [Line Items]
Revenue, Net									230,000	215,000	177,000
Real Estate Segment
Sales by Product Line [Line Items]
Revenue, Net									57,000	71,000	96,000
Performance Fibers Segment
Sales by Product Line [Line Items]
Revenue, Net									1,093,000	1,020,000	881,000
Wood Products Segment
Sales by Product Line [Line Items]
Revenue, Net									88,000	68,000	68,000
Other
Sales by Product Line [Line Items]
Revenue, Net									103,000	115,000	93,000
Development \| Real Estate Segment
Sales by Product Line [Line Items]
Revenue, Net									2,000	4,000	3,000
Rural \| Real Estate Segment
Sales by Product Line [Line Items]
Revenue, Net									39,000	33,000	28,000
Non-Strategic Timberlands \| Real Estate Segment
Sales by Product Line [Line Items]
Revenue, Net									16,000	34,000	65,000
Cellulose Specialties \| Performance Fibers Segment
Sales by Product Line [Line Items]
Revenue, Net									935,000	824,000	686,000
Absorbent Materials \| Performance Fibers Segment
Sales by Product Line [Line Items]
Revenue, Net									$ 158,000	$ 196,000	$ 195,000

Geographical Operating Information (Details) - USD ($)
$ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 115,678

$ 113,174

$ 98,590

$ 84,009

$ 81,325

^[1]

$ 108,310

$ 79,073

$ 87,578

$ 411,451

$ 356,286

$ 281,951

3,122,951

2,569,348

3,122,951

2,569,348

United States

1,467,000

1,378,000

1,228,000

409,000

350,000

268,000

3,022,000

2,473,000

3,022,000

2,473,000

New Zealand

104,000

111,000

87,000

2,000

6,000

14,000

101,000

95,000

101,000

95,000

All other countries

$ 0

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

$ 0

$ 1,000

$ 0

$ 1,000

[1]	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an increase in a disposition reserve.

Sales by Destination (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
Sales by Destination (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									100.00%	100.00%	100.00%
Revenue, Net	$ 434,306	$ 408,988	$ 371,926	$ 355,780	$ 388,423	$ 385,091	$ 357,397	$ 357,731	$ 1,571,000	$ 1,488,642	$ 1,315,233
United States
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									50.00%	49.00%	53.00%
Revenue, Net									$ 778,000	$ 737,000	$ 693,000
China
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									18.00%	19.00%	16.00%
Revenue, Net									$ 281,000	$ 277,000	$ 213,000
Europe
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									12.00%	12.00%	12.00%
Revenue, Net									$ 182,000	$ 173,000	$ 152,000
JAPAN
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									11.00%	11.00%	10.00%
Revenue, Net									$ 170,000	$ 159,000	$ 129,000
Other Asia
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									4.00%	4.00%	4.00%
Revenue, Net									$ 68,000	$ 55,000	$ 49,000
Latin America
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									3.00%	2.00%	3.00%
Revenue, Net									$ 53,000	$ 36,000	$ 35,000
New Zealand
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									1.00%	1.00%	1.00%
Revenue, Net									$ 18,000	$ 22,000	$ 17,000
Canada
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									0.00%	1.00%	1.00%
Revenue, Net									$ 4,000	$ 9,000	$ 10,000
All other countries
Sales by Destination [Line Items]
Sales Revenue, Net, Percentage									1.00%	1.00%	0.00%
Revenue, Net									$ 17,000	$ 21,000	$ 17,000

Fair Value Measurements Carrying Amounts and Fair Values (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

$ (150,000)

$ (28,110)

10,600

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

(1,120,052)

(819,229)

Carrying Amount

Cash and cash equivalents

280,596

78,603

(150,000)

(28,110)

^[1]

10,559

Fair Value, Level 1 | Fair Value

(1,120,052)

(819,229)

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents

280,596

78,603

^[1]

10,559

Fair Value, Level 2 | Fair Value

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Cash and cash equivalents

(150,000)

(29,319)

^[1]

Cash, Cash Equivalents and Restricted Cash [Member]

$ (1,250,341)

$ (994,851)

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value Measurements, Valuation Techniques

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

Borrowings [Member]

Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]

Fair Value Measurements, Valuation Techniques

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

[1]	Restricted cash is recorded in "Other Assets" and represents the proceeds from like-kind exchange ("LKE") sales deposited with a third-party intermediary.

Fair Value Measurements Variable Interest Entity (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2004

Variable Interest Entity [Line Items]

Type of Entity

bankruptcy-remote, limited liability subsidiary

Variable Interest Entity Date Involvement Began

2004

Amount of installment note and letter of credit contributed to special purpose entity

$ 25,000

Amount of cash received

22,600

Interest cash payments received, net

immaterial cash payments

Classification of carrying amount of interest

"Other Assets"

Type of financial obligation

de minimus guarantee liability

Maximum Exposure

$ 28,398

make-whole agreement

Cash to be received upon maturity

$ 2,600

Variable Interest Entity, Not Primary Beneficiary [Member]

Variable Interest Entity [Line Items]

Amount of notes issued by special purpose entity

$ 22,600

Term of notes issued by special purpose entity

15-year

Variable Interest Entity Investment

$ 2,600

Maturity date of notes issued by special purpose entity

2019

Financial Guarantee [Member]

Variable Interest Entity [Line Items]

Total Valuation Allowance

de minimus liability

Maximum Exposure

^[1]

$ 2,254

[1]

Fair Value Measurements Fair Values Measured on a Recurring Basis (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Fair Value \| Carrying Value
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis [Line Items]
Investment in special-purpose entity	$ 2,671	$ 2,690
Fair Value \| Level 2
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis [Line Items]
Investment in special-purpose entity	$ 2,671	$ 2,690
Variable Interest Entity, Not Primary Beneficiary [Member]
Fair Value, Assets and Liabilities Measured on a Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	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.

Joint Venture Investment (Details) $ / shares in Units, a in Millions, Acres in Millions, $ in Millions, $ in Millions	1 Months Ended	12 Months Ended
	Feb. 28, 2010 NZD ($)	Dec. 31, 2010 USD ($) $ / shares	Dec. 31, 2012 Acres a
Schedule of Equity Method Investments [Line Items]
Acres Of Timberland Owned Managed \| a			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) $ in Thousands	3 Months Ended		12 Months Ended
Timberland Acquisitions (Details) $ in Thousands	Dec. 31, 2012 USD ($) a	Dec. 31, 2011 USD ($) a	Dec. 31, 2012 USD ($) a	Dec. 31, 2011 USD ($) a	Dec. 31, 2010 USD ($)
Significant Acquisitions and Disposals [Line Items]
Funding from Assumption of Seller's Existing Debt			$ 0	$ 105,000	$ 0
Acquired timberlands in Texas
Significant Acquisitions and Disposals [Line Items]
Significant Acquisitions and Disposals, Type	asset purchase
Acquisition Date	December 2012
Acres of Timberlands Acquired \| a	63,000
Description	Texas
Acquisition Purchase Price	$ 88,000		$ 88,000
Funding from Existing Revolving Credit Facility	$ 30,000
Terms	cash on hand
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 \| a		250,000
Description		timberland primarily located in Mississippi, Louisiana, Oklahoma and Alabama
Acquisition Purchase Price		$ 332,000		$ 332,000
Payments to Acquire Productive Assets		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	asset purchases
Acquisition Date			throughout 2012	throughout 2011
Acres of Timberlands Acquired \| a			25,000	58,000
Description			located in Alabama, Florida and Texas	located in Florida, Georgia and Louisiana
Acquisition Purchase Price	$ 19,000	$ 94,000	$ 19,000	$ 94,000
Terms			funded with cash on hand	funded with cash on hand or through the revolving credit facility

Other Assets (Details) - USD ($) $ in Millions	Dec. 31, 2012	Dec. 31, 2011
Other Assets [Abstract]
Restricted Cash	$ 10.6	$ 0.0
Capitalized Debt Issuance Costs	9.3	5.9
Capitalized Computer Software Costs	$ 8.2	$ 8.6

Income Taxes AFMC and CBPC (Details) - USD ($)	12 Months Ended
Income Taxes AFMC and CBPC (Details) - USD ($)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Alternative Fuel Mixture Credit [Member]
Tax Credit Amount per Gallon				$ 0.50
Income Tax Credits and Adjustments				205,200,000
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	$ 12,200,000	$ 5,800,000

Income Taxes Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Current:
U.S. federal	$ (80,029)	$ (26,893)	$ 973
State	(4,569)	(624)	(12)
Foreign	(288)	(342)	(1,242)
Total Current	(84,886)	(27,859)	(281)
Deferred:
U.S. federal	(2,598)	(2,079)	(14,554)
State	(595)	(1,066)	(1,283)
Foreign	(55)	(32)	69
Total Deferred	(3,248)	(3,177)	(15,768)
Changes in valuation allowance	(257)	679	832
Total	$ (88,391)	$ (30,357)	$ (15,217)

Income Taxes Income Tax Rate Reconciliation (Details)	12 Months Ended
Income Taxes Income Tax Rate Reconciliation (Details)	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
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	(7.10%)	(10.40%)	(16.80%)
Income tax rate at federal statutory rates	27.90%	24.60%	18.20%
Installment note prepayment	0.00%	(3.70%)	0.00%
Built-in gains tax holiday	0.00%	(1.90%)	0.00%
CBPC	0.00%	0.00%	(10.50%)
CBPC for AFMC Exchange	(3.30%)	(1.90%)	0.00%
Taxing authority settlements and unrecognized tax benefit adjustments	0.00%	(5.30%)	(1.10%)
Other	(0.50%)	(1.90%)	(0.10%)
Income tax rate as reported	24.10%	9.90%	6.50%

Income Taxes Deferred Taxes (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Gross deferred tax assets:
Liabilities for dispositions and discontinued operations	$ 29,944	$ 33,295
Pension, postretirement and other employee benefits	66,354	62,382
Foreign and state NOL carryforwards	18,023	17,796
Tax credit carryforwards	4,429	4,443
Other	8,736	13,615
Total gross deferred tax assets	127,486	131,531
Less: Valuation allowance	(19,294)	(18,811)
Total deferred tax assets after valuation allowance	108,192	112,720
Gross deferred tax liabilities:
Accelerated depreciation	(61,414)	(62,594)
Repatriation of foreign earnings	(5,428)	(5,030)
Other	(4,461)	(4,021)
Deferred Tax Liabilities, Gross	(71,303)	(71,645)
Net deferred tax asset	36,889	41,075
Net deferred tax asset (liability):
Current portion of deferred tax asset	15,845	17,133
Noncurrent portion of deferred tax asset	26,792	30,211
Noncurrent portion of deferred tax liability	(5,748)	(6,269)
Net deferred tax asset	$ 36,889	$ 41,075

Income Taxes NOL Carryforwards (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

NOL Carryforwards

$ (19,294)

$ (18,811)

New Zealand

NOL Carryforwards

Gross Amount

^[1]

17,394

Valuation Allowance

$ (4,781)

Expiration

None

State

NOL Carryforwards

Gross Amount

^[1]

$ 233,023

Valuation Allowance

$ (13,242)

Expiration

2013 - 2018

[1]	Fully reserved at December 31, 2012.

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 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 2: 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

Reference 3: 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 4: 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 5: 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 6: 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.

Income Taxes Tax Credit Carryforwards (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
State and Foreign Tax Credits
Tax Credit Carryforward
Gross Amount	$ 3,099
Valuation Allowance	$ (1,271)
Expiration	2013 - 2018
Cellulosic Biofuel Producer Credit
Tax Credit Carryforward
Gross Amount	$ 1,330
Valuation Allowance	$ 0
Expiration	2016

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, 2012	Dec. 31, 2011
Income Tax Effects Allocated Directly to Equity [Abstract]
Stock-based compensation excess tax benefits credited directly to shareholders' equity	$ 7.6	$ 5.7

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

3 Months Ended

12 Months Ended

Sep. 30, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Income Tax Contingency [Line Items]

Balance at January 1,

$ 6,580

$ 22,580

$ 17,973

(16,000)

^[1]

(1,057)

5,780

Payments

(116)

Balance at December 31,

6,580

22,580

Unrecognized Tax Benefits Narrative

2,600

18,600

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

4,000

Interest (benefit) expense on unrecognized income tax benefits

200

(300)

$ (300)

Liabilities for the payment of interest and penalties

$ 400

$ 200

Taxability of the alternative fuel mixture credit

Income Tax Contingency [Line Items]

Tax benefit recognized for final examination of uncertain tax position

$ (16,000)

[1]	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, 2012
U.S. Internal Revenue Service
Income Tax Examination
Open Tax Years	2009 – 2012
State of Alabama
Income Tax Examination
Open Tax Years	2009 – 2012
State of Florida
Income Tax Examination
Open Tax Years	2005 – 2006, 2009 – 2012
State of Georgia
Income Tax Examination
Open Tax Years	2009 – 2012
New Zealand Inland Revenue
Income Tax Examination
Open Tax Years	2008 – 2012

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

3 Months Ended

12 Months Ended

Dec. 31, 2012

USD ($)

$ / shares

$ / unit

Sep. 30, 2012

USD ($)

$ / shares

Jun. 30, 2012

USD ($)

$ / shares

Mar. 31, 2012

USD ($)

$ / shares

Dec. 31, 2011

USD ($)

$ / shares

Sep. 30, 2011

USD ($)

$ / shares

Jun. 30, 2011

USD ($)

$ / shares

Mar. 31, 2011

USD ($)

$ / shares

Dec. 31, 2012

USD ($)

$ / shares

$ / unit

Dec. 31, 2011

USD ($)

$ / shares

Dec. 31, 2010

USD ($)

$ / shares

Earnings Per Share [Abstract]

Net income | $

$ 75,609

$ 80,560

$ 69,079

$ 53,437

$ 56,230

^[1]

$ 104,909

^[2]

$ 56,454

$ 58,412

$ 278,685

$ 276,005

$ 217,586

Shares used for determining basic earnings per common share

122,711,802

121,662,985

120,240,275

Dilutive Effect of:

Stock Options

634,218

702,693

593,768

Performance and restricted shares

757,308

982,951

1,034,319

Assumed conversion of Senior Exchangeable Notes

^[3]

2,888,650

1,895,762

Assumed conversion of warrants

^[3]

1,710,445

149,900

Shares used for determining diluted earnings per common share

128,702,423

125,394,291

121,868,362

Basic earnings per common share | $ / shares

$ 0.61

$ 0.66

$ 0.56

$ 0.44

$ 0.46

$ 0.86

$ 0.46

$ 0.48

$ 2.27

$ 1.81

Diluted earnings per common share | $ / shares

$ 0.59

$ 0.62

$ 0.54

$ 0.42

$ 0.45

$ 0.84

$ 0.45

$ 0.47

$ 2.17

$ 2.20

$ 1.79

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

Strike price of warrants | $ / unit

41.41

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

Strike price of warrants | $ / unit

39.50

[1]	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an 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]	The Senior Exchangeable Notes due 2012 (the “2012 Notes”) matured in October 2012; however, no additional shares were issued due to the offsetting exchangeable note hedges (the “hedges”). Similarly, Rayonier will not issue additional shares upon maturity of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) due to the offsetting hedges. 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 is excluded since they are anti-dilutive. As such, the dilutive effect of the assumed conversion of the Senior Exchangeable Notes was included through the retirement date for the 2012 Notes and the full year for the 2015 Notes. Rayonier will distribute additional shares upon maturity of the warrants if the stock price exceeds the strike prices of $41.41 for the Notes due 2012 and $39.50 for the Notes due 2015. For additional information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt.

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

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

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

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

3,113,568

2,057,548

308,421

Stock options, performance and restricted shares

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

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

224,918

161,786

308,421

Assumed conversion of exchangeable note hedges

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

Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount

^[1]

2,888,650

1,895,762

[1]

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 Accounting Standards Codification
-Glossary Antidilution
-URI http://asc.fasb.org/extlink&oid=6505113

Reference 2: 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 3: 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 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 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 6: 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 7: 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.

Reference 8: 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.

Manufacturing and maintenance supplies

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

Dec. 31, 2012

Dec. 31, 2011

Inventory, Net [Abstract]

Finished goods

^[1]

$ 103,568

$ 96,261

Work in progress

4,446

5,544

Raw materials

17,602

18,295

2,350

1,898

Total inventory

127,966

121,998

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

Inventory, Real Estate, Held-for-sale

$ 4,900

$ 8,300

[1]	Includes $4.9 million and $8.3 million of HBU real estate held for sale at December 31, 2012 and 2011, respectively.

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

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Oct. 01, 2007

Less: Current maturities of long-term debt

$ 1,270,052

$ 847,339

(150,000)

(28,110)

Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]

1,120,052

819,229

325,000

$ 325,000

Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75% (retired in October 2012)

3.75%

$ 0

294,622

Unamortized discount

5,378

$ 0

300,000

$ 300,000

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

3.75%

^[1]

$ 165,821

163,525

Unamortized discount

6,679

8,975

$ 172,500

172,500

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

4.50%

$ 112,500

112,500

Mortgage notes due 2017 at fixed interest rates of 4.35%

8.64%

^[2]

$ 76,731

88,582

73,500

Unamortized premium

$ 3,200

4,600

Polution control bomd (retired in May 2012) and solid waste bond due 2020 at a variable interest rate of 1.57% at December 31, 2012

4.35%

Revolving credit facility borrowings due 2016 at variable interest rates of 1.19% to 3.25% at December 31, 2012

$ 15,000

38,110

Variable interest rate

1.57%

Revolving credit facility borrowings due 2016 as amended October 2012 at variable interest rates of 1.19% to 3.25% at December 31, 2012

^[3]

150,000

Less: Current maturities of long-term debt

^[3]

$ 275,000

$ (150,000)

Variable interest rate, minimum

1.19%

Variable interest rate, maximum

3.25%

Term Credit Agreement borrowings due 2019 at a variable interest rate of 1.71% at December 31, 2012

$ 300,000

$ 0

Maturities of Long-term Debt [Abstract]

$ 300,000

Variable interest rate

1.71%

[1]	Our Senior Exchangeable Notes maturing in 2015 were discounted by $6.7 million and $9.0 million as of December 31, 2012 and 2011, respectively, but upon maturity the liability will be $172.5 million.
[2]	The mortgage notes due in 2017 were recorded at a premium of $3.2 million and $4.6 million as of December 31, 2012 and 2011, respectively. Upon maturity the liability will be $73.5 million.
[3]	Borrowings under the Revolving Credit Facility include $150 million classified in current liabilities due to the Company's intent to repay this amount in January 2013.

Debt Principal Payments by Year (Details)
$ in Thousands

Dec. 31, 2012

USD ($)

2013

$ 150,000

^[1]

112,500

172,500

125,000

73,500

640,000

$ 1,273,500

[1]	Borrowings under the Revolving Credit Facility include $150 million classified in current liabilities due to the Company's intent to repay this amount in January 2013.

Debt Term Credit Agreement (Details) - Term Credit Agreement due 2019 [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Issuance Date of Debt Instrument	December 2012
Debt Instrument, Maximum Borrowing Capacity	$ 640,000
Debt Instrument, date through which borrowings can be made, description	December 2017
Debt Instrument, maximum number of advances	five
Debt Instrument, Maturity Date, Description	December 2019
Debt Instrument, Interest Rate Terms	LIBOR plus 150 basis points
Debt Instrument, Fee	unused commitment fee of 15 basis points
Debt Instrument, Interest Rate Terms including Patronage	LIBOR plus 100 basis
Debt Instrument, Face Amount	$ 300,000

Debt Line of Credit Facility (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2012	Apr. 30, 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, Interest Rate Description	LIBOR plus 105 basis points
Line of Credit Facility, Commitment Fee Description	20 basis points
August 2006 Line of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 250
Debt Instrument, Maturity Date, Description	August 2011
April 2011 Line of Credit as Amended October 2012 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Initiation Date	October 2012
Debt Instrument, Maturity Date, Description	April 2016
Line of Credit Facility, Interest Rate Description	LIBOR plus 97.5 basis points
Line of Credit Facility, Commitment Fee Description	15 basis points
Line of Credit Facility, Remaining Borrowing Capacity	$ 171
Line of Credit Facility, Amount to Secure Standby Letters of Credit	$ 4

Debt Senior Notes (Details) - Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Debt Instrument [Line Items]
Issuance Date of Debt Instrument	March 2012
Debt Instrument, Face Amount	$ 325,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Maturity Date, Description	2022
Issuance of Debt [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Decrease, Repayments	$ 150,000

Debt Secured Mortgage Notes (Details) - USD ($)
$ in Thousands

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Secured Mortgage Notes Assumed with Timberland Acquisition [Member]

$ 0

$ 105,000

$ 0

Carrying value of debt

$ 1,270,052

847,339

Noncash or Part Noncash Acquisition, Debt Assumed, Date

November 2011

Debt Instrument, Collateral

approximately 250,000 acres of timberlands

Debt Instrument, Interest Rate, Stated Percentage

$ 0

105,000

$ 0

4.35%

Debt Instrument, Term

seven years

Debt Instrument, Maturity Date, Description

August 2017

Repayments of Secured Debt

$ 10,500

21,000

Carrying value of debt

^[1]

76,731

$ 88,582

Debt Instrument, Outstanding Principal

$ 73,500

[1]	The mortgage notes due in 2017 were recorded at a premium of $3.2 million and $4.6 million as of December 31, 2012 and 2011, respectively. Upon maturity the liability will be $73.5 million.

Debt Schedule of Convertible Debt (Details) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($) $ / shares $ / unit shares	Dec. 31, 2011 USD ($)	Dec. 31, 2010 USD ($)	Oct. 01, 2007 USD ($)
Schedule of Convertible Debt [Line Items]
Convertible Debt	$ 165,821	$ 458,147
Debt Instrument, Convertible, Carrying Amount of Equity Component	8,850	28,092
Amortization of Debt Discount	6,323	8,654	$ 8,160
Debt Instrument, Convertible, Interest Expense	$ 24,119	27,667	27,173
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75%
Schedule of Convertible Debt [Line Items]
Issuance Date of Debt Instrument	October 2007
Debt Instrument, Face Amount	$ 0	300,000		$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
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	$ 41.41
Exercise price of warrants or rights \| $ / unit	41.41
Debt Instrument, Maturity Date, Description	October 2012
Extinguishment of Debt, Amount	$ 300,000
Option Indexed to Issuer's Equity, Shares Paid \| shares	2,221,056
Debt Instrument, Unamortized Discount	$ 0	(5,378)
Interest Expense, Debt, Excluding Amortization	8,682	11,250	11,250
Amortization of Debt Discount	$ 5,378	$ 6,487	$ 6,115
Debt Instrument, Convertible, Effective Interest Rate	6.21%	6.21%	6.21%
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50%
Schedule of Convertible Debt [Line Items]
Issuance Date of Debt Instrument	August 2009
Debt Instrument, Face Amount	$ 172,500	$ 172,500
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Debt Instrument, Convertible, Terms of Conversion Feature	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 30.24 shares per $1,000 principal based on an exchange price of $33.07.
Conversion Ratio (per $1,000 principal)	30.24
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	$ 39.50
Option Indexed to Issuer's Equity, Strike Price \| $ / unit	33.07
Exercise price of warrants or rights \| $ / unit	39.50
Exchange Period, Beginning Date	Dec. 31, 2012
Exchange Period, End Date	Mar. 31, 2013
Debt Instrument, Exchange Feature, Description	Per the indenture, in order for the notes to become exchangeable, the Company's stock price must exceed 130 percent of the exchange price for 20 trading days in a period of 30 consecutive trading days as of the last day of the quarter.
Debt Instrument, Maturity Date, Description	August 2015
Debt Instrument, Unamortized Discount	$ (6,679)	(8,975)
Interest Expense, Debt, Excluding Amortization	7,763	7,763	$ 7,763
Amortization of Debt Discount	$ 2,296	$ 2,167	$ 2,045
Debt Instrument, Convertible, Effective Interest Rate	6.21%	6.21%	6.21%

Debt Debt Covenants (Details) - USD ($)
$ in Thousands

1 Months Ended

12 Months Ended

Apr. 30, 2012

Dec. 31, 2012

Dec. 31, 2011

Apr. 09, 2012

Debt Instrument, Covenant Compliance

the Company was in compliance with all covenants

Covenant EBITDA to Consolidated Interest Expense [Member]

$ 1,270,052

$ 847,339

Debt Covenant Requirement, Ratio

2.50 to 1

Debt Covenant Requirement, Actual at Period End, Ratio

12.57 to 1

Debt Covenant Requirement, Amount Favorable or (Unfavorable), Ratio

10.07

Leverage Ratio [Member]

Debt Covenant Requirement, Percentage

65.00%

Debt Covenant Requirement, Actual at Period End, Percentage

45.00%

Debt Covenant Requirement, Amount Favorable or (Unfavorable) at Period End, Percentage

20.00%

Subsidiary Debt as a Percentage of Consolidated Net Tangible Assets [Member]

Debt Covenant Requirement, Percentage

15.00%

Debt Covenant Requirement, Actual at Period End, Percentage

0.00%

Debt Covenant Requirement, Amount Favorable or (Unfavorable) at Period End, Percentage

15.00%

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

15.53 to 1

Debt Covenant Requirement, Amount Favorable or (Unfavorable), Ratio

13.03

April 2011 Line of Credit as Amended October 2012 [Member]

April 2011 Line of Credit as Amended October 2012 [Member] | Covenant EBITDA to Consolidated Interest Expense [Member]

^[1]

$ 275,000

April 2011 Line of Credit as Amended October 2012 [Member] | Leverage Ratio [Member]

interest coverage ratio 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.

April 2011 Line of Credit as Amended October 2012 [Member] | Subsidiary Debt as a Percentage of Consolidated Net Tangible Assets [Member]

The leverage ratio was revised to provide additional borrowing capacity to permit funded debt of Rayonier Inc. and its subsidiaries up to 65 percent of consolidated net worth, plus the amount of consolidated funded debt.

Term Credit Agreement due 2019 [Member]

limit debt at subsidiaries (excluding Rayonier Operating Company LLC and TRS, which are borrowers under the agreement) to 15 percent of Consolidated Net Tangible Assets. Consolidated Net Tangible Assets is defined as total assets less the sum of total current liabilities and intangible assets.

contains various covenants customary to credit agreements with borrowers having investment-grade debt ratings. These covenants are substantially identical to those of the credit facility

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

$ 300,000

Installment note due 2014 at a fixed interest rate of 8.64% | RFR Cash Flow Available for Fixed Charges to RFR Fixed Charges Ratio [Member]

$ 112,500

112,500

Installment note due 2014 at a fixed interest rate of 8.64% | Reinvestment of Excess Timberland Sales Proceeds [Member]

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.

Debt Covenant Requirement, Date of Repayment Offer

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.

April 2012

Debt Covenant Requirement, Limit of Non-reinvestment of Excess Timberland Sales Proceeds

$ 50,000

Debt Covenant Requirement, Amount of Repayment Offer

$ 59,900

Debt Covenant Requirement, Excess Timberland Sales Proceeds After Repayment Offer

zero

Debt Covenant Requirement, Excess Timberland Sales Proceeds

$ 0

$ 37,500

[1]	Borrowings under the Revolving Credit Facility include $150 million classified in current liabilities due to the Company's intent to repay this amount in January 2013.

Debt Subsequent Event (Details)	2 Months Ended
Debt Subsequent Event (Details)	Mar. 27, 2013	Feb. 20, 2013 unit shares
Maturity of Warrants [Line Items]
Total Number of Warrants		8,313,511
Issuance of Equity [Member] \| Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75%
Maturity of Warrants [Line Items]
Beginning Date for Maturity of Warrants	Jan. 15, 2013
Ending Date for Maturity of Warrants	Mar. 27, 2013
Number of Warrants Matured		4,156,775
Number of Rayonier Common Shares Issued \| shares		998,689

Shareholders' Equity (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

^[2]

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

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

Issuance of shares under incentive stock plans

$ 1,323,073

$ 1,251,582

$ 1,323,073

$ 1,251,582

$ 1,146,206

Net income

$ 75,609

$ 80,560

$ 69,079

53,437

$ 56,230

^[1]

$ 104,909

$ 56,454

58,412

278,685

276,005

217,586

Dividends

(208,286)

(186,828)

(164,514)

25,495

13,451

26,314

Share-based compensation

15,116

16,181

15,223

Excess tax benefit on stock-based compensation

7,635

5,681

5,411

Repurchase of common shares

(7,783)

(7,909)

(6,028)

Net gain (loss) from pension and postretirement plans

(496)

(46,263)

6,385

Foreign currency translation adjustment

4,352

3,546

4,162

Joint venture cash flow hedges

213

(2,373)

837

Non-taxable return of capital

$ 1,438,004

$ 1,323,073

$ 1,438,004

$ 1,323,073

$ 1,251,582

Dividends per share

$ 1.68

$ 1.52

$ 1.36

Dividends [Abstract]

Caiptal gain

1.68

1.52

1.36

0.00

Total cash dividend per common share

$ 1.68

$ 1.52

$ 1.36

Common Shares

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

Shares Issued, Period Start

$ 630,286

$ 602,882

$ 630,286

$ 602,882

$ 561,962

122,035,177

121,023,140

122,035,177

121,023,140

119,312,961

Issuance of shares under incentive stock plans

$ 25,495

$ 13,451

$ 26,314

Issuance of shares under incentive stock plans, Shares

1,467,024

1,220,731

1,914,341

Share-based compensation

$ 15,116

$ 16,181

$ 15,223

Excess tax benefit on stock-based compensation

7,635

5,681

5,411

Repurchase of common shares

$ (7,783)

$ (7,909)

$ (6,028)

Repurchase of common shares, Shares

(169,757)

(208,694)

(204,162)

Shares Issued, Period End

123,332,444

122,035,177

123,332,444

122,035,177

121,023,140

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

$ 670,749

$ 630,286

$ 670,749

$ 630,286

$ 602,882

Retained Earnings

$ 806,235

$ 717,058

806,235

717,058

663,986

Net income

278,685

276,005

217,586

Dividends

(208,286)

(186,828)

(164,514)

Accumulated Other Comprehensive Income/(Loss)

876,634

806,235

876,634

806,235

717,058

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

Net gain (loss) from pension and postretirement plans

$ (113,448)

$ (68,358)

(113,448)

(68,358)

(79,742)

(496)

(46,263)

6,385

Foreign currency translation adjustment

4,352

3,546

4,162

Joint venture cash flow hedges

213

(2,373)

837

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

$ (109,379)

$ (113,448)

$ (109,379)

$ (113,448)

$ (68,358)

[1]	Fourth quarter 2011 included a pre-tax expense of $6.5 million ($4.1 million after tax) due to an 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.

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

Dec. 31, 2012

Dec. 31, 2011

Foreign currency translation adjustments

^[1]

$ 38,829

$ 34,477

New Zealand joint venture cash flow hedges

^[2]

(3,628)

(3,841)

Unrecognized components of employee benefit plans, net of tax

(144,580)

(144,084)

Total

$ (109,379)

$ (113,448)

[1]	During the year ended December 31, 2012 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.

Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

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 Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (j-k)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: 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=20435746&loc=d3e637-108580

Reference 3: 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=20435746&loc=d3e681-108580

Reference 4: 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=21915506&loc=d3e1928-114920

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 6: 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 7: 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 8: 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.

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.

Reference 1: 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=20435746&loc=d3e681-108580

Reference 2: 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=20435746&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32022-110900

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 12, 13
-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 FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 31
-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 10: 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 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 18, 19, 22, 23, 24, 25, 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.

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.

Reference 1: 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=20435746&loc=d3e637-108580

Reference 2: 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=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-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 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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 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 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

Lease income, primarily for hunting

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

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 15,937

$ 13,071

$ 12,144

Other non-timber income

3,346

2,145

2,822

Insurance Recoveries

2,298

1,890

2,700

Loss on sale or disposal of property plant & equipment

(3,443)

(7,412)

^[1]

(871)

Environmental and disposition reserve adjustments

(797)

(5,989)

^[2]

(3,201)

Corporate Development Costs

(1,073)

Miscellaneous income (expense), net

(3,165)

124

(3,075)

Total

13,103

3,829

10,519

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

$ 797

6,873

$ 3,201

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

Amount of PP&E write-off

$ 5,500

Description of PP&E write-off

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

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, 2012	Dec. 31, 2011	Dec. 31, 2010
Accrual for Environmental Loss Contingencies [Roll Forward]
Balance, January 1	$ 90,824	$ 93,160	$ 98,591
Expenditures charged to liabilities	(9,926)	(9,209)	(8,632)
Increase to liabilities	797	6,873	3,201
Balance, December 31	81,695	90,824	93,160
Less: Current Portion	(8,105)	(9,931)	(11,500)
Non-Current Portion	$ 73,590	$ 80,893	$ 81,660

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 Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14326-108349

Reference 2: 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 3: 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 4: 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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.20)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 43
-Section A
-Paragraph 8
-Chapter 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 7: 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 8: 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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 20
-Article 5

Liabilities for Dispositions and Discontinued Operations Site Liabilities Rollforward (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	$ 81,695	$ 90,824	$ 93,160	$ 98,591
Expenditures	(9,926)	(9,209)	(8,632)
Increase (Reduction) to Liabilities	797	6,873	3,201
Augusta, Georgia [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	12,100	13,900	14,900
Expenditures	(800)	(1,100)
Increase (Reduction) to Liabilities	(1,000)	100
Spartanburg, South Carolina [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	14,000	14,700	14,300
Expenditures	(900)	(1,000)
Increase (Reduction) to Liabilities	200	1,400
East Point, Georgia [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	10,900	11,000	12,300
Expenditures	(1,000)	(1,300)
Increase (Reduction) to Liabilities	900	0
Baldwin, Florida [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	9,100	9,700	10,000
Expenditures	(900)	(800)
Increase (Reduction) to Liabilities	300	500
Other SWP sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	20,900	26,300	31,800
Expenditures	(3,600)	(2,200)
Increase (Reduction) to Liabilities	(1,800)	(3,300)
Total SWP sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	67,000	75,600	83,300
Expenditures	(7,200)	(6,400)
Increase (Reduction) to Liabilities	(1,400)	(1,300)
Port Angeles, Washington [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	9,500	9,300	4,400
Expenditures	(1,700)	(2,200)
Increase (Reduction) to Liabilities	1,900	7,100
All other sites [Member]
Accrual for Environmental Loss Contingencies [Roll Forward]
Liability	5,200	5,900	$ 5,500
Expenditures	(1,000)	(600)
Increase (Reduction) to Liabilities	$ 300	$ 1,000

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, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2026	Dec. 31, 2032	Dec. 31, 1987	Dec. 31, 1988	Dec. 31, 1989	Dec. 31, 1997	Dec. 31, 1984
Site Contingency [Line Items]
Increase to liabilities			$ 797	$ 6,873	$ 3,201
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 primarily of a groundwater treatment and 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			$ 67,300
Increase to liabilities			$ (1,000)	100
Date through which Recorded Liabilities Cover Estimated Obligations							through 2032
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			In 2012, SWP entered into a consent decree with the South Carolina Department of Health and Environmental Control which governs future investigatory and assessment activities at the site. Depending on the results of this investigation and assessment, additional remedial actions may be required in the future. Therefore, current cost estimates could change.
Total Spending-to-Date			$ 38,800
Increase to liabilities			$ 200	1,400
Date through which Recorded Liabilities Cover Estimated Obligations							through 2032
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.
Site Contingency, Factors Changing Estimate			Therefore, while active remedial measures are currently ongoing, additional remedial measures may be necessary in the future.
Total Spending-to-Date			$ 21,000
Increase to liabilities			$ 900	0
Date through which Recorded Liabilities Cover Estimated Obligations							through 2032
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 and treatment 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			$ 20,600
Increase to liabilities			300	500
Date through which Recorded Liabilities Cover Estimated Obligations						through 2026
Other SWP sites [Member]
Site Contingency [Line Items]
Increase to liabilities			(1,800)	(3,300)
Total SWP sites [Member]
Site Contingency [Line Items]
Increase to liabilities			$ (1,400)	(1,300)
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			$ 41,200
Increase to liabilities			1,900	7,100
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
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			$ 300	$ 1,000

Liabilities for Dispositions and Discontinued Operations General Narrative (Details) $ in Millions	12 Months Ended
	Dec. 31, 2012 USD ($)
Environmental Remediation Obligations [Abstract]
Estimated 2013 Environmental Expenditures	$ 8
Estimated 2014 Environmental Expenditures	$ 8
Environmental Expenditures, Balance Sheet Caption	liabilities for dispositions and discontinued operations
Environmental Loss Contingencies Term	20 years
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, 2012, 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.

Contingencies Subsequent Event (Details) - t	1 Months Ended	12 Months Ended
Contingencies Subsequent Event (Details) - t	Jan. 31, 2013	Dec. 31, 2012
Anti-dumping Investigation [Line Items]
Subsequent Event, Description	sell all of the assets of its Wood Products business
Anti-dumping investigation [Member]
Anti-dumping Investigation [Line Items]
Loss Contingency, Period of Occurrence		February 6, 2013
Subsequent Event, Description		China's Ministry of Commerce (MOFCOM) notified the Company and a number of other parties that it had commenced an anti-dumping investigation into imports of dissolving, cotton and bamboo pulp into China from the U.S., Canada and Brazil. The notice published by MOFCOM indicates that the investigation was initiated based on a petition filed by a number of primarily commodity viscose pulp manufacturers in China. Nonetheless, as currently scoped by MOFCOM, the investigation includes all dissolving pulp, including the Company's high alpha (high purity) cellulose specialties pulps.
Period under investigation for dumping		calendar year 2012
Period under investigation for determining potential injury		January 1, 2010 until December 31, 2012
Tons of pulp shipped to China		124,000
Expected duration of investigation		12 to 18 months
Expected time frame for preliminary determination		6 to 9 months after initiation
Expected time frame for final determination		Between 12 and 18 months from initiation
Period for dumping duties		5 years
Impact and conclusion disclosure		The Company will cooperate with this investigation. While no assurances can be given, it is not expected that this matter will have a material adverse effect on the business or financial condition of the Company.
High purity pulps [Member] \| Anti-dumping investigation [Member]
Anti-dumping Investigation [Line Items]
Tons of pulp shipped to China		114,500

Guarantees (Details)
$ in Thousands

12 Months Ended

Dec. 31, 2012

USD ($)

$ 28,398

$ 16,370

de minimus guarantee liability

Standy letters of credit

Guarantor Obligations Collateral for Industrial Revenue Bonds

$ 15,000

18,955

^[1]

Guarantor Obligations, Term

$ 15,000

^[1]

various dates during 2013

Guarantees

$ 2,254

^[2]

$ 43

^[2]

de minimus liability

Surety bonds

$ 7,189

^[3]

Guarantor Obligations, Term

$ 1,327

^[3]

various dates between 2013 and 2014

[1]	Approximately $15 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 2013 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 $2.3 million of obligations of a special-purpose entity that was established to complete the monetization. At December 31, 2012, 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 2013 and 2014 and are expected to be renewed as required.

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

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]

$ 11,655

10,272

9,072

8,650

7,851

Thereafter through 2036

50,305

Operating Leases, Future Minimum Payments Due

$ 97,805

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

$ 8,000

$ 7,300

$ 7,200

Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]

2013

^[1]

7,822

2014

^[1]

7,336

2015

^[1]

7,104

2016

^[1]

7,007

2017

^[1]

6,670

Thereafter through 2036

^[1]

48,259

Operating Leases, Future Minimum Payments Due

^[1]

84,198

Buildings, Machinery and Equipment [Member]

Leases, Operating [Abstract]

Operating Leases, Rent Expense, Net

3,900

$ 3,300

$ 3,700

Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]

3,833

2,936

1,968

1,643

1,181

Thereafter through 2036

2,046

Operating Leases, Future Minimum Payments Due

$ 13,607

[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, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefits recognized related to stock-based compensation expense	$ 4.0	$ 4.3	$ 4.2
Selling and general expenses [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	14.3	16.2	14.9
Cost of sales [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 0.8	$ 0.0	$ 0.3
1994 Rayonier Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan description	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.
Rayonier Incentive Stock Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Plan description	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.
Number of shares authorized (millions)	15.8
Shares available for future grant (millions)	7.0
Incremental reduction of shares available for grant	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
Policy for issuing shares	The Company issues new shares of stock upon the exercise of stock options, the granting of restricted stock, and the vesting of performance shares.

Incentive Stock Plans Restricted Shares (Details) - Restricted Stock [Member] - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

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

Award vesting period

one to three year period

Unrecognized compensation cost

$ 0.4

Weighted average period for recognition (years)

8 months 12 days

Restricted shares granted

18,742

20,535

42,180

Weighted average price of restricted shares granted

$ 42.40

$ 43.55

$ 29.91

Intrinsic value of restricted stock outstanding

^[1]

$ 2.1

$ 3.4

$ 4.9

Fair value of restricted stock vested

1.8

2.6

3.2

Cash used to pay the minimum witholding tax requirements in lieu of receiving common shares

$ 0.6

$ 0.8

Non-vested number of Restricted Shares at January 1,

76,185

Number of shares vested

(53,405)

Number of shares cancelled

(950)

Non-vested number of Restricted Shares at December 31,

40,572

76,185

Weighted average grant date fair value of non-vested Restricted Shares at January 1,

$ 33.55

Weighted average grant date fair value of shares vested

33.73

Weighted average grant date fair value of shares cancelled

35.55

Weighted average grant date fair value of non-vested Restricted Shares at December 31,

$ 37.36

$ 33.55

[1]	Intrinsic value of restricted stock outstanding is based on the market price of the Company's stock at December 31, 2012.

Incentive Stock Plans Performance Share Units (Details) - Performance Shares [Member] - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

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

Award vesting period

3 years

Valuation method

Monte Carlo simulation model

Unrecognized compensation cost

$ 9.1

Weighted average period for recognition (years)

1 year 8 months 12 days

Common shares of Company stock reserved for performance shares

337,360

470,820

606,180

Weighted average fair value of performance share units granted

$ 56.36

$ 51.57

$ 39.25

Intrinsic value of outstanding performance share units

^[1]

$ 36.3

$ 46.0

$ 40.3

Fair value of performance shares vested

22.2

9.9

19.7

Cash used to pay the minimum witholding tax requirements in lieu of receiving common shares

$ 7.2

$ 7.1

$ 5.3

Outstanding Performance Share units

700,825

1,030,075

Number of units granted

168,680

Number of units distributed

(488,570)

Number of units cancelled or adjusted

(9,360)

Weighted average grant date fair value of outstanding Performance Share units

$ 47.23

$ 33.73

Weighted average grant date fair value of units distributed

21.76

Weighted average grant date fair value of units cancelled or adjusted

$ 45.08

Risk-free rate, description

The risk-free rate was based on the 3-year U.S. treasury rate on the date of the award.

Dividend yield, description

The dividend yield was not used to calculate fair value as all awards granted after January 1, 2010 receive dividend equivalents.

Expected volatility

36.90%

51.30%

51.70%

Risk-free rate

0.40%

1.00%

1.40%

[1]	Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2012.

Incentive Stock Plans Non-Qualified Employee Stock Options (Details) - USD ($)
$ / shares in Units, $ in Millions

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Stock Options [Member]

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

Award vesting period

3 years

Expense recognition method

straight-line basis over three years

Unrecognized compensation cost

$ 1.8

Weighted average period for recognition (years)

1 year

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

Number of options outstanding at January 1,

2,346,451

Number of options granted

234,110

Number of options exercised

(960,662)

Number of options cancelled

(11,570)

Number of options outstanding at December 31,

1,608,329

2,346,451

Number of options vested and expected to vest

1,607,293

Number of options exercisable at December 31,

1,235,630

Weighted average exercise price of options outstanding at January 1,

$ 26.77

Weighted average exercise price of options granted

44.42

Weighted average exercise price of options exercised

26.23

Weighted average exercise price of options cancelled

37.47

Weighted average exercise price of options outstanding at December 31,

29.64

$ 26.77

Weighted average exercise price of options vested and expected to vest

29.64

Weighted average exercise price of options exercisable at December 31,

$ 26.71

Weighted average remaining contractual term (years) of options outstanding at December 31,

6 years 2 months 12 days

Weighted average remaining contractual term (years) of options vested and expected to vest

6 years 2 months 12 days

Weighted average remaining contractual term (years) of options exercisable at December 31,

5 years 6 months

Aggregate intrinsic value of options outstanding at December 31,

$ 35.2

Aggregate intrinsic value of options vested and expected to vest

35.2

Aggregate intrinsic value of options exercisable at December 31,

30.4

Intrinsic value of options exercised

^[1]

20.5

$ 10.4

$ 15.6

Fair value of options vested

$ 3.3

$ 2.5

$ 2.4

1994 Rayonier Incentive Stock Plan [Member]

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

Maximum term

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]

Maximum term

10 years from the grant date

[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] - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Valuation method	Black-Scholes option-pricing model
Expected volatility	39.30%	38.20%	37.80%
Dividend yield	3.60%	3.90%	4.70%
Risk-free rate	1.30%	2.60%	3.20%
Expected life (in years)	6 years 4 months 24 days	6 years 6 months	6 years 8 months 12 days
Fair value per share of options granted	$ 11.85	$ 9.99	$ 7.07
Fair value of options granted (in millions)	$ 2.8	$ 3.0	$ 2.8

Employee Benefit Plans (Details) - USD ($) $ in Thousands	12 Months Ended
Employee Benefit Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent liabilities	$ (159,582)	$ (140,623)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Rollforward]
Projected benefit obligation at beginning of year	413,147	346,464
Service cost	8,407	6,782	$ 6,196
Interest cost	17,284	18,087	17,740
Actuarial loss	32,666	58,208
Plan amendments	0	0
Employee contributions	0	0
Benefits paid	(17,034)	(16,394)
Projected benefit obligation at end of year	454,470	413,147	346,464
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	295,655	302,464
Actual return on plan assets	41,729	8,977
Employer contributions	1,565	1,552
Employee contributions	0	0
Benefits paid	(17,034)	(16,394)
Other expense	(1,216)	(944)
Fair value of plan assets at end of year	320,699	295,655	302,464
Defined Benefit Plan, Funded Status of Plan [Abstract]
Funded status at end of year, net accrued benefit cost	(133,771)	(117,492)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Current liabilities	(1,702)	(1,626)
Noncurrent liabilities	(132,069)	(115,866)
Net amount recognized	(133,771)	(117,492)
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Rollforward]
Projected benefit obligation at beginning of year	24,833	21,158
Service cost	918	673	587
Interest cost	956	972	1,029
Actuarial loss	2,021	3,934
Plan amendments	0	(631)
Employee contributions	1,136	1,609
Benefits paid	(2,282)	(2,882)
Projected benefit obligation at end of year	27,582	24,833	21,158
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	1,146	1,273
Employee contributions	1,136	1,609
Benefits paid	(2,282)	(2,882)
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	(27,582)	(24,833)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Current liabilities	(1,256)	(1,262)
Noncurrent liabilities	(26,326)	(23,571)
Net amount recognized	$ (27,582)	$ (24,833)

Employee Benefit Plans Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net (losses) gains	$ (17,630)	$ (75,995)	$ 1,348
Prior service cost	0	0	(1,704)
Amortization of losses	17,578	10,372	6,456
Amortization of prior service cost (benefit)	1,308	1,359	1,657
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net (losses) gains	(2,021)	(3,934)	(965)
Prior service cost	0	631	0
Amortization of losses	582	570	3,357
Amortization of prior service cost (benefit)	$ 25	$ 69	$ (5,334)

Before tax amount of the benefit improvement costs resulting from a plan amendment that occurred that has not been recognized in net periodic benefit cost.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: 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=20435746&loc=d3e637-108580

Reference 3: 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=21915506&loc=d3e1928-114920

Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 19, 24
-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 158
-Paragraph 4
-Subparagraph c, 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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 37
-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 FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-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 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(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.

Before tax amount of the income statement impact of the reclassification adjustment for prior service costs recognized as a component of net period benefit cost.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 2: 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=20435746&loc=d3e637-108580

Reference 3: 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=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 19, 24
-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 158
-Paragraph 7
-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 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph c(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 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 4
-Subparagraph c, 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 8: 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.

Employee Benefit Plans Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Deferred income tax benefit	$ 36,889	$ 41,075
AOCI	(144,580)	(144,084)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service (cost) credit	(7,062)	(8,370)
Net losses	(191,813)	(191,761)
Deferred income tax benefit	61,968	62,797
AOCI	(136,907)	(137,334)
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Prior service (cost) credit	193	167
Net losses	(11,939)	(10,500)
Deferred income tax benefit	4,073	3,583
AOCI	$ (7,673)	$ (6,750)

The pretax net amount of gains and losses that are not yet recognized as a component of net periodic benefit cost, and that are recognized as increases or decreases in other comprehensive income as they arise. Gains and losses are due to changes 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.

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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Glossary Prior Service Cost
-URI http://asc.fasb.org/extlink&oid=6521920

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 30
-Glossary Prior Service Cost
-URI http://asc.fasb.org/extlink&oid=6521884

Reference 5: 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 6: 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 7: 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 8: 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.

Employee Benefit Plans Accumulated Benefit Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan, Pension Plans with Accumulated Benefit Obligations in Excess of Plan Assets [Abstract]
Projected benefit obligation	$ 482,052	$ 437,980
Accumulated benefit obligation	434,810	392,182
Fair value of plan assets	$ 320,699	$ 295,655

Employee Benefit Plans Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 8,407	$ 6,782	$ 6,196
Interest cost	17,284	18,087	17,740
Expected return on plan assets	(25,477)	(25,819)	(21,651)
Amortization of prior service cost (benefit)	1,308	1,359	1,657
Amortization of losses	17,578	10,372	6,456
Net periodic benefit cost (benefit)	19,100	10,781	10,398
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	918	673	587
Interest cost	956	972	1,029
Expected return on plan assets	0	0	0
Amortization of prior service cost (benefit)	25	69	(5,334)
Amortization of losses	582	570	3,357
Net periodic benefit cost (benefit)	$ 2,481	$ 2,284	$ (361)

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.

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 30
-Glossary Expected Return on Plan Assets
-URI http://asc.fasb.org/extlink&oid=6512136

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Glossary Expected Return on Plan Assets
-URI http://asc.fasb.org/extlink&oid=6512171

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph 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 6: 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.

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 Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008

Reference 2: 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=21915506&loc=d3e1928-114920

Reference 3: 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=21915506&loc=d3e1928-114920

Reference 4: 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 5: 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 6: 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.

Employee Benefit Plans AOCI Amortization in Next Fiscal Year (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2012 USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization of loss	$ 19,215
Amortization of prior service cost	1,308
Total amortization of AOCI loss	20,523
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Amortization of loss	711
Amortization of prior service cost	25
Total amortization of AOCI loss	$ 736

Employee Benefit Plans Assumptions Used in Calculations (Details)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate	3.70%	4.20%	5.25%
Rate of compensation increase	4.60%	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	4.20%	5.25%	5.80%
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	3.60%	4.10%	5.10%
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	4.10%	5.10%	5.50%
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, 2012	Dec. 31, 2011
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Health care cost trend rate assumed for next year	7.50%	8.00%
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	$ 226
Effect of one percentage point decrease on total of service and interest cost components	(187)
Effect of one percentage point increase on accumulated postretirement benefit obligation	2,089
Effect of one percentage point decrease on accumulated postretirement benefit obligation	$ (1,785)

Employee Benefit Plans Investment of Plan Assets (Details) - Pension Plans, Defined Benefit [Member]	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	100.00%	100.00%
Domestic equity securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	41.00%	44.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum	40.00%
Target allocation range maximum	45.00%
International equity securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	25.00%	20.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum	20.00%
Target allocation range maximum	30.00%
Domestic fixed income securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	26.00%	28.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum	25.00%
Target allocation range maximum	30.00%
International fixed income securities [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	5.00%	5.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum	4.00%
Target allocation range maximum	6.00%
Real Estate Fund [Member] [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Actual Plan Asset Allocations	3.00%	3.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum	2.00%
Target allocation range maximum	4.00%

Employee Benefit Plans Fair Value Measurements (Details) - Pension Plans, Defined Benefit [Member] - USD ($) $ in Thousands	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 320,699	$ 295,655	$ 302,464
Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	128,393	211,025
Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	192,306	84,630
Equity Securities, Domestic [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	126,904	128,834
Equity Securities, Domestic [Member] \| Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	50,653	128,834
Equity Securities, Domestic [Member] \| Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	76,251	0
Equity Securities, International [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	78,931	57,728
Equity Securities, International [Member] \| Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	51,758	57,728
Equity Securities, International [Member] \| Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	27,173	0
Domestic Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	81,045	80,243
Domestic Debt Securities [Member] \| Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Domestic Debt Securities [Member] \| Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	81,045	80,243
Foreign Debt Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	15,745	14,381
Foreign Debt Securities [Member] \| Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	15,745	14,381
Foreign Debt Securities [Member] \| Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Real Estate Funds [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	10,208	9,846
Real Estate Funds [Member] \| Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	10,208	9,846
Real Estate Funds [Member] \| Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Short-term Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Fair Value	7,866	4,623
Short-term Investments [Member] \| Fair Value, Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	29	236
Short-term Investments [Member] \| Fair Value, Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 7,837	$ 4,387

Employee Benefit Plans Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2012 USD ($)
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2013	$ 18,903
2014	19,951
2015	20,979
2016	21,999
2017	23,011
2018 - 2022	128,704
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2013	1,256
2014	1,375
2015	1,436
2016	1,507
2017	1,526
2018 - 2022	$ 7,701

Employee Benefit Plans Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2010
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, the Company no longer incurs 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
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, Changes	no changes in the methodology
Fair Value, Level 1 \| Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs	Level 1 — Net asset value in an observable market.
Fair Value, Level 2 \| Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets at Fair Value, Valuation Techniques and Inputs	Level 2 — Assets classified as level two are held in collective trust funds. The net asset value of a collective trust is calculated by determining the fair value of the fund's underlying assets, deducting its liabilities, and dividing by the units outstanding as of the valuation date. These funds are not publicly traded; however, the unit price calculation is based on observable market inputs of the funds' underlying assets.

Employee Benefit Plans Defined Contribution Plans (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
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	$ 2.7	$ 2.6	$ 2.4
Type of Employer and Related Party Securities Included in Plan Assets	Rayonier common stock
Defined Contribution Plan, Contributions for 401(k) Plan Enhancement	$ 1.0	0.9	$ 0.6
Defined Contribution Pension [Member]
Amount of Employer and Related Party Securities Included in Plan Assets	$ 89.4	$ 85.4

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 2012 and 2011 (UNAUDITED) (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 797

$ 6,873

$ 3,201

Selected Quarterly Financial Information [Abstract]

$ 434,306

$ 408,988

$ 371,926

$ 355,780

$ 388,423

$ 385,091

$ 357,397

$ 357,731

1,571,000

1,488,642

1,315,233

Taxability of the alternative fuel mixture credit

115,678

113,174

98,590

84,009

81,325

^[1]

108,310

79,073

87,578

411,451

356,286

281,951

Net income

$ 75,609

$ 80,560

$ 69,079

$ 53,437

$ 56,230

^[1]

$ 104,909

^[2]

$ 56,454

$ 58,412

$ 278,685

$ 276,005

$ 217,586

Basic EPS

$ 0.61

$ 0.66

$ 0.56

$ 0.44

$ 0.46

$ 0.86

$ 0.46

$ 0.48

$ 2.27

$ 1.81

Diluted EPS

$ 0.59

$ 0.62

$ 0.54

$ 0.42

$ 0.45

$ 0.84

$ 0.45

$ 0.47

$ 2.17

$ 2.20

$ 1.79

Tax Adjustments, Settlements, and Unusual Provisions

$ 16,000

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 expense of $6.5 million ($4.1 million after tax) due to an 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.

Consolidating Financial Statements Text (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Oct. 01, 2007
Senior Exchangeable Notes due 2012 at a fixed interest rate of 3.75%
Debt Instrument [Line Items]
Issuance Date of Debt Instrument	October 2007
Debt Instrument, Face Amount	$ 0	$ 300,000	$ 300,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument Date of Maturity	2012
Debt Instrument, Maturity Date, Description	October 2012
Extinguishment of Debt, Amount	$ 300,000
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50%
Debt Instrument [Line Items]
Issuance Date of Debt Instrument	August 2009
Debt Instrument, Face Amount	$ 172,500	$ 172,500
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Debt Instrument, Maturity Date, Description	August 2015
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]
Debt Instrument [Line Items]
Issuance Date of Debt Instrument	March 2012
Debt Instrument, Face Amount	$ 325,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Maturity Date, Description	2022
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]
Debt Instrument [Line Items]
Issuance Date of Debt Instrument	March 2012
Debt Instrument, Face Amount	$ 325,000
Debt Instrument, Interest Rate, Stated Percentage	3.75%
Debt Instrument, Maturity Date, Description	2022

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

3 Months Ended

12 Months Ended

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2011

Mar. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

$ 434,306

$ 408,988

$ 371,926

$ 355,780

$ 388,423

$ 385,091

$ 357,397

$ 357,731

$ 1,571,000

$ 1,488,642

$ 1,315,233

1,104,805

1,073,732

990,099

68,397

66,541

67,102

(13,103)

(3,829)

(10,519)

Equity in income (loss) of New Zealand joint venture

1,160,099

1,136,444

1,046,682

550

4,088

1,033

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

411,451

356,286

269,584

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

12,367

115,678

113,174

98,590

84,009

81,325

^[1]

108,310

79,073

87,578

411,451

356,286

281,951

(44,981)

(50,775)

(50,463)

606

851

1,315

367,076

306,362

232,803

(88,391)

(30,357)

(15,217)

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

$ 75,609

$ 80,560

$ 69,079

$ 53,437

$ 56,230

^[1]

$ 104,909

^[2]

$ 56,454

$ 58,412

278,685

276,005

217,586

4,069

(45,090)

11,384

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

282,754

230,915

228,970

Parent Company [Member]

110

Equity in income (loss) of New Zealand joint venture

110

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

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

(110)

(10,717)

621

6,638

282,874

275,384

217,586

278,685

276,005

217,586

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

278,685

276,005

217,586

4,069

(45,090)

11,384

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

282,754

230,915

228,970

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

10,575

10,710

10,122

962

117

385

Equity in income (loss) of New Zealand joint venture

11,537

10,827

10,507

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

(10,507)

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

(11,537)

(10,827)

(10,507)

(941)

(1,133)

239

5,519

5,280

12,952

289,486

281,892

221,578

282,527

275,212

224,262

347

172

(6,676)

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

282,874

275,384

217,586

4,069

(45,090)

11,384

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

286,943

230,294

228,970

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

Equity in income (loss) of New Zealand joint venture

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

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

(37,971)

(49,555)

(50,313)

(3,334)

(4,508)

(4,309)

232,871

170,048

137,471

191,566

115,985

82,849

15,076

19,733

19,937

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

206,642

135,718

102,786

(453)

(35,712)

4,056

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

206,189

100,006

106,842

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

1,571,000

1,488,642

1,315,233

1,104,805

1,073,732

990,099

57,822

55,831

56,980

(14,175)

(3,946)

(10,904)

Equity in income (loss) of New Zealand joint venture

1,148,452

1,125,617

1,036,175

550

4,088

1,033

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

280,091

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

12,367

423,098

367,113

292,458

4,648

(708)

(389)

(8,217)

(7,328)

419,529

366,484

284,741

(103,814)

(50,262)

(28,478)

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

315,715

316,222

256,263

4,116

(34,403)

8,967

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

319,831

281,819

265,230

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

Equity in income (loss) of New Zealand joint venture

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

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

(805,231)

(727,324)

(576,635)

(805,231)

(727,324)

(576,635)

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

(805,231)

(727,324)

(576,635)

(7,732)

115,205

(24,407)

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

(812,963)

(612,119)

(601,042)

Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Guarantor Subsidiaries [Member]

10,575

10,710

10,122

962

117

385

Equity in income (loss) of New Zealand joint venture

11,537

10,827

10,507

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

(10,507)

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

(11,537)

(10,827)

(10,507)

(38,912)

(50,688)

(50,074)

2,185

772

8,643

315,715

316,222

256,263

267,451

255,479

204,325

15,423

19,905

13,261

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

282,874

275,384

217,586

4,069

(45,090)

11,384

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

286,943

230,294

228,970

Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Non-Guarantor Subsidiaries [Member]

1,571,000

1,488,642

1,315,233

1,104,805

1,073,732

990,099

57,822

55,831

56,980

(14,175)

(3,946)

(10,904)

Equity in income (loss) of New Zealand joint venture

1,148,452

1,125,617

1,036,175

550

4,088

1,033

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

280,091

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

12,367

423,098

367,113

292,458

4,648

(708)

(389)

(8,217)

(7,328)

419,529

366,484

284,741

(103,814)

(50,262)

(28,478)

Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent

315,715

316,222

256,263

4,116

(34,403)

8,967

Comprehensive Income (Loss), Net of Tax, Attributable to Parent

319,831

281,819

265,230

Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Consolidation, Eliminations [Member]

Equity in income (loss) of New Zealand joint venture

Operating Income Before Gain On Sale Of a Portion Of Interest In Joint Venture

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

(598,589)

(591,606)

(473,849)

(598,589)

(591,606)

(473,849)