View Filing Data

Details about accumulated other comprehensive income components

Amount reclassified from accumulated other comprehensive income

Affected line item in the statement where net income is presented

New Zealand joint venture cash flow hedges

Gain related to consolidation of New Zealand joint venture

Print Document View Excel Document

Document and Entity Information Document - shares	6 Months Ended
Document and Entity Information Document - shares	Jun. 30, 2013	Jul. 18, 2013
Document and Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Trading Symbol	RYN
Entity Registrant Name	RAYONIER INC.
Entity Central Index Key	0000052827
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		126,119,760

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
SALES	$ 409,077	$ 348,096	$ 802,796	$ 684,667
Costs and Expenses
Cost of sales	297,698	243,571	563,716	479,279
Selling and general expenses	16,929	15,892	33,028	35,157
Other operating expense (income), net	291	(5,295)	(3,212)	(6,433)
Costs and Expenses, Total	314,918	254,168	593,532	508,003
Equity in income of New Zealand joint venture	304	170	562	184
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	94,463	94,098	209,826	176,848
Gain on consolidation of New Zealand joint venture (Note 6)	16,098	0	16,098	0
OPERATING INCOME	110,561	94,098	225,924	176,848
Interest expense	(10,019)	(16,056)	(17,736)	(27,880)
Interest and miscellaneous (expense) income, net	2,598	84	2,656	60
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	103,140	78,126	210,844	149,028
Income tax expense	(15,249)	(12,035)	(19,695)	(30,338)
INCOME FROM CONTINUING OPERATIONS	87,891	66,091	191,149	118,690
DISCONTINUED OPERATIONS, NET (Note 2)
Income from discontinued operations, net of income tax expense of $0, $1,505, $22,273 and $1,927	0	2,988	44,477	3,825
NET INCOME	87,891	69,079	235,626	122,515	$ 278,685
Net income attributable to noncontrolling interest	727	0	727	0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	87,164	69,079	234,899	122,515
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment	(28,201)	(8,081)	(27,226)	(2,255)	4,352
New Zealand joint venture cash flow hedges	222	(1,998)	775	(793)	213
Amortization of pension and postretirement plans, net of income tax expense of $1,620, $1,482, $3,824 and $2,850	3,717	3,401	8,687	6,541	$ (496)
Total other comprehensive (loss) income	(24,262)	(6,678)	(17,764)	3,493
COMPREHENSIVE INCOME	63,629	62,401	217,862	126,008
Comprehensive loss attributable to noncontrolling interest	(9,505)	0	(9,505)	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 73,134	$ 62,401	$ 227,367	$ 126,008
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing Operations	$ 0.69	$ 0.54	$ 1.52	$ 0.97
Discontinued Operations	0.00	0.02	0.36	0.03
Net Income	0.69	0.56	1.88	1.00
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing Operations	0.67	0.52	1.46	0.93
Discontinued Operations	0.00	0.02	0.34	0.03
Net Income	$ 0.67	$ 0.54	$ 1.80	$ 0.96

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Income from discontinued operations, income tax expense	$ 0	$ 1,505	$ 22,273	$ 1,927
Amortization of pension and postretirement plans, income tax expense	$ 1,620	$ 1,482	$ 3,824	$ 2,850

- Definition

Tax effect allocated to a disposal group that is classified as a component of the entity reported as a separate component of income before extraordinary items. Includes the tax effects of the following: income (loss) from operations during the phase-out period, gain (loss) on disposal, provision (or any reversals of earlier provisions) for loss on disposal, and adjustments of a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b),(c)
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32672-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 20
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=18498875&loc=d3e38679-109324

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 47
-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 109
-Paragraph 46
-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 144
-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.

+ Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 343,581	$ 280,596
Accounts receivable, less allowance for doubtful accounts of $685 and $417	116,538	100,359
Inventory
Finished goods	79,121	103,568
Work in progress	3,047	4,446
Raw materials	14,620	17,602
Manufacturing and maintenance supplies	2,303	2,350
Total inventory	99,091	127,966
Deferred tax assets	55,563	15,845
Prepaid and other current assets	67,444	41,508
Total current assets	682,217	566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,080,611	1,573,309
PROPERTY, PLANT AND EQUIPMENT
Land	22,996	27,383
Buildings	166,578	147,445
Machinery and equipment	1,644,945	1,444,012
Construction in progress	123,621	268,459
Total property, plant and equipment, gross	1,958,140	1,887,299
Less—accumulated depreciation	(1,105,708)	(1,180,261)
Total property, plant and equipment, net	852,432	707,038
INVESTMENT IN JOINT VENTURE (Note 6)	0	72,419
OTHER ASSETS	212,791	203,911
TOTAL ASSETS	3,828,051	3,122,951
CURRENT LIABILITIES
Accounts payable	133,255	70,381
Current maturities of long-term debt	75,463	150,000
Accrued taxes	20,158	13,824
Accrued payroll and benefits	20,489	28,068
Accrued interest	9,835	7,956
Accrued customer incentives	10,743	10,849
Other current liabilities	51,842	18,640
Current liabilities for dispositions and discontinued operations (Note 13)	8,686	8,105
Total current liabilities	330,471	307,823
LONG-TERM DEBT	1,591,834	1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 13)	69,442	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15)	158,594	159,582
OTHER NON-CURRENT LIABILITIES	27,590	23,900
COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 14)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 126,119,760 and 123,332,444 shares issued and outstanding	679,803	670,749
Retained earnings	1,000,647	876,634
Accumulated other comprehensive loss	(116,911)	(109,379)
TOTAL RAYONIER INC. SHAREHOLDERS' EQUITY	1,563,539	1,438,004
Noncontrolling interest	86,581	0
TOTAL SHAREHOLDERS’ EQUITY	1,650,120	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 3,828,051	$ 3,122,951

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Current Assets:
Accounts receivable, allowance for doubtful accounts	$ 685	$ 417
Shareholders' Equity:
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	126,119,760	123,332,444
Common stock, shares outstanding	126,119,760	123,332,444

Consolidated Statements of Cash Flows - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2013

Jun. 30, 2012

Dec. 31, 2012

Apr. 04, 2013

^[1]

OPERATING ACTIVITIES

Net income

$ 87,891

$ 69,079

$ 235,626

$ 122,515

$ 278,685

Adjustments to reconcile net income to cash provided by operating activities:

Depreciation, depletion and amortization

43,667

34,179

79,659

64,592

Non-cash cost of real estate sold

2,593

2,401

Stock-based incentive compensation expense

6,226

9,460

Amortization of debt discount/premium

837

3,863

Deferred income taxes

38,107

(15,044)

Tax benefit of AFMC for CBPC exchange

(18,761)

Amortization of losses from pension and postretirement plans

11,617

9,391

Gain on sale of discontinued operations, net

(42,670)

Gain on consolidation of New Zealand joint venture

(16,098)

Other

(8,936)

(586)

Changes in operating assets and liabilities:

Receivables

(11,782)

(13,773)

Inventories

27,325

7,096

Accounts payable

19,535

(9,518)

Income tax receivable/payable

(5,626)

31,758

All other operating activities

(7,654)

1,524

Payment to exchange AFMC for CBPC

(70,311)

Expenditures for dispositions and discontinued operations

(4,015)

(4,803)

CASH PROVIDED BY OPERATING ACTIVITIES

235,672

208,876

INVESTING ACTIVITIES

Capital expenditures

(94,126)

(76,246)

Purchase of additional interest in New Zealand joint venture

(139,879)

Purchase of timberlands

(10,447)

(8,687)

Jesup mill cellulose specialties expansion (gross purchases of $114,449 and $72,662, net of purchases on account of $14,264 and $8,664)

(100,185)

(63,998)

Proceeds from disposition of Wood Products business, net of income tax payments of $11,137

72,953

Change in restricted cash

7,603

(14,427)

Other

20,076

(704)

CASH USED FOR INVESTING ACTIVITIES

(244,005)

(164,062)

FINANCING ACTIVITIES

Issuance of debt

455,000

355,000

Repayment of debt

(273,087)

(188,110)

Dividends paid

(113,222)

(98,201)

Proceeds from the issuance of common shares

6,643

3,980

Excess tax benefits on stock-based compensation

7,399

4,234

Debt issuance costs

(3,653)

Repurchase of common shares

(11,241)

(7,783)

CASH PROVIDED BY FINANCING ACTIVITIES

71,492

65,467

EFFECT OF EXCHANGE RATE CHANGES ON CASH

(174)

219

CASH AND CASH EQUIVALENTS

Change in cash and cash equivalents

62,985

110,500

Balance, beginning of year

280,596

78,603

Balance, end of period

343,581

189,103

343,581

189,103

$ 280,596

Cash paid during the period:

Interest

16,754

10,936

Income taxes

84,508

10,989

Non-cash investing activity:

Capital assets purchased on account

59,729

30,175

Non-cash financing activity:

Shareholder debt assumed in acquisition of New Zealand joint venture

$ 125,532

$ 0

125,532

$ 125,532

Conversion of Matariki shareholder debt to preferred equity [Member]

Non-cash financing activity:

Conversion of shareholder debt to equity noncontrolling interest

$ (95,961)

$ 0

[1]	(a) Long-term debt included $125.5 million of shareholder loans payable to the noncontrolling interest by the JV. Subsequent to the acquisition date, $96.0 million of the noncontrolling interest’s shareholder loans were converted to preferred equity.

Consolidated Statements of Cash Flows (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Investing Activities:
Jesup mill cellulose specialties expansion, gross purchases	$ 114,449	$ 72,662
Jesup mill cellulose specialties expansion, purchases on account	14,264	8,664
Income tax payments	84,508	10,989
Wood Products business [Member]
Investing Activities:
Income tax payments	$ 11,137	$ 0

Basis Of Presentation (Notes)

6 Months Ended

Jun. 30, 2013

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Basis of Presentation [Text Block]


1.	BASIS OF PRESENTATION

Basis of Presentation

The unaudited consolidated financial statements and notes thereto of Rayonier Inc. and its subsidiaries (“Rayonier” or the “Company”) have been prepared in accordance with accounting principles generally accepted in the United States of America for interim financial information and in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, these financial statements and notes reflect all adjustments (all of which are normal recurring adjustments) necessary for a fair presentation of the results of operations, financial position and cash flows for the periods presented. These statements and notes should be read in conjunction with the financial statements and supplementary data included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012, as filed with the SEC.

Reclassifications

Certain 2012 amounts have been reclassified to agree with the current year presentation. See Note 2 — Sale of Wood Products Business for information regarding reclassifications for discontinued operations.

New Accounting Standards

In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The standard requires enhanced disclosures about assets and liabilities that are subject to a master netting agreement or when the right of offset exists. In January 2013, the FASB issued ASU No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This pronouncement limits the scope of ASU No. 2011-1. The standards’ disclosure requirements are retrospective and were effective beginning in first quarter 2013. See Note 9 — Derivative Financial Instruments and Hedging Activities for the disclosures required under this guidance.

In February 2013, the FASB issued ASU 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. See Note 17 — Accumulated Other Comprehensive Loss for the disclosures required under this guidance.

In March 2013, the FASB issued ASU No. 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. This standard requires a parent entity to release a related foreign entity’s cumulative translation adjustment into net income only if its sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The cumulative translation adjustment should be released into net income if the transaction results in the loss of a controlling financial interest in a foreign entity or results in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. ASU No. 2013-05 will be effective for first quarter 2014. The Company does not expect that the adoption of this standard will have a material impact on the consolidated financial statements.

Subsequent Events

The Company evaluated events and transactions that occurred after the balance sheet date but before financial statements were issued, and two subsequent events were identified that warranted disclosure. On July 19, 2013, the Board of Directors approved an increase in the quarterly dividend per share from $0.44 per share to $0.49 per share effective for the third quarter 2013 distribution. Additionally, the New Zealand JV negotiated an amendment to its debt facility, as discussed in Note 16 — Debt.

Sale of Wood Products Business (Notes)

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]


2.	SALE OF WOOD PRODUCTS BUSINESS

On March 1, 2013, Rayonier completed the sale of its Wood Products business (consisting of three lumber mills in Baxley, Swainsboro and Eatonton, Georgia) to International Forest Products Limited (“Interfor”) for $80 million plus a working capital adjustment. The sale is consistent with the Company’s strategic plan to fully position its manufacturing operations in the specialty chemicals sector. Rayonier will not have significant continuing involvement in the operations of the Wood Products business. Accordingly, the operating results of the Wood Products business, formerly reported as a separate operating segment, are classified as discontinued operations in the Company’s Consolidated Statements of Income and Comprehensive Income for all periods presented. Certain administrative and general costs historically allocated to the Wood Products segment, which will remain with the Company after the sale, are reported in continuing operations.

Rayonier recognized an after-tax gain of $42.7 million on the sale. The gain is included in “Income from discontinued operations, net” on the Consolidated Statements of Income and Comprehensive Income for the six months ended June 30, 2013.

The following table summarizes the operating results of the Company’s discontinued operations and the related gain for the three and six months ended June 30, 2013 and 2012, as presented in “Income from discontinued operations, net” in the Consolidated Statements of Income and Comprehensive Income:



	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013			2012
Sales	$	—	$	23,830		$	16,968		$	43,039
Cost of sales and other	—		(19,337		)	(14,258		)	(37,287		)
Gain on sale of discontinued operations	—		—			64,040			—
Income from discontinued operations before income taxes	—		4,493			66,750			5,752
Income tax expense	—		(1,505		)	(22,273		)	(1,927		)
Income from discontinued operations, net	$	—	$	2,988		$	44,477		$	3,825

The sale did not meet the “held for sale” criteria prior to the period it was completed. The major classes of Wood Products assets and liabilities included in the sale were as follows:



	March 1, 2013
Accounts receivable, net	$	4,127
Inventory	4,270
Prepaid and other current assets	2,053
Property, plant and equipment, net	9,990
Total assets	$	20,440

Total liabilities	$	596

Cash flows from discontinued operations are immaterial both individually and in the aggregate. As such, they are included with cash flows from continuing operations in the Consolidated Statements of Cash Flows.

Pursuant to the purchase and sale agreement, Rayonier will provide Interfor with saw timber procurement services for the three lumber mills through December 31, 2013. Rayonier also contracted with Interfor to purchase wood chips produced at the lumber mills for use at Rayonier’s Jesup mill and market other wood chips produced by the mills to third parties on Interfor’s behalf. The Company will purchase 100 percent of the Baxley mill chips for five years and 25 percent of the Swainsboro mill chips through 2013. The purchase price of these chips will be based on the average price paid by the Company to unrelated third parties.

Prior to the Wood Products sale, saw timber procurement services for and wood chip purchases from the lumber mills were intercompany transactions eliminated in consolidation as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Wood chip purchases	$	—	$	3,003	$	1,650	$	6,237
Saw timber procurement services	—		287		223		574
Total intercompany	$	—	$	3,290	$	1,873	$	6,811

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1510-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1020-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 45
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=8077374&loc=d3e2443-110228

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 144
-Paragraph 43-48
-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.

+ Details

Earnings Per Common Share (Notes)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Earnings Per Common Share [Text Block]


3.	EARNINGS PER COMMON SHARE

The following table provides details of the calculations of basic and diluted earnings per common share:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Income from continuing operations	$	87,891	$	66,091	$	191,149	$	118,690
Income from continuing operations attributable to noncontrolling interest	727		—		727		—
Income from continuing operations attributable to Rayonier Inc.	$	87,164	$	66,091	$	190,422	$	118,690

Income from discontinued operations attributable to Rayonier Inc.	$	—	$	2,988	$	44,477	$	3,825

Net income attributable to Rayonier Inc.	$	87,164	$	69,079	$	234,899	$	122,515

Shares used for determining basic earnings per common share	126,027,297		122,455,464		125,257,876		122,403,388
Dilutive effect of:
Stock options	504,321		669,298		519,014		692,622
Performance and restricted shares	386,228		726,368		384,910		727,968
Assumed conversion of Senior Exchangeable Notes (a)	2,217,058		2,669,808		2,173,658		2,830,382
Assumed conversion of warrants (a) (b)	1,632,345		890,189		2,250,361		1,077,217
Shares used for determining diluted earnings per common share	130,767,249		127,411,127		130,585,819		127,731,577
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.69	$	0.54	$	1.52	$	0.97
Discontinued operations	—		0.02		0.36		0.03
Net income	$	0.69	$	0.56	$	1.88	$	1.00
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.67	$	0.52	$	1.46	$	0.93
Discontinued operations	—		0.02		0.34		0.03
Net income	$	0.67	$	0.54	$	1.80	$	0.96



	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	199,245	318,666	207,097	326,777
Assumed conversion of exchangeable note hedges (a)	2,217,058	2,669,808	2,173,658	2,830,382
Total	2,416,303	2,988,474	2,380,755	3,157,159

(a) The Senior Exchangeable Notes due 2012 (the “2012 Notes”) matured in October 2012; however, no additional shares were issued due to offsetting exchangeable note hedges. Similarly, Rayonier will not issue additional shares upon maturity of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) due to 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 2012 Notes was only included for the three and six months ended June 30, 2012, while the effect of the 2015 Notes was included for all periods presented.

The warrants sold in conjunction with the 2012 Notes began maturing on January 15, 2013 and matured ratably through March 27, 2013. As a result, 2,037,303 shares were issued through the end of the first quarter and 97,918 shares were issued in the first week of April. The dilutive impact of these warrants was calculated based on the length of time they were outstanding before settlement. Rayonier will distribute additional shares upon maturity of the warrants for the 2015 Notes if the stock price exceeds $39.35 per share. For information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt in the 2012 Annual Report on Form 10-K and Note 16 — Debt of this Form 10-Q.

(b) The higher shares used for the assumed conversion of the warrants were primarily due to an increase in the average stock price from $43.74 for the three months ended June 30, 2012 to $57.15 for the three months ended June 30, 2013 and from $44.40 for the six months ended June 30, 2012 to $56.34 for the six months ended June 30, 2013. The impact of the higher stock price was partially offset by a decrease in dilutive shares due to the maturity of the warrants on the Notes due 2012.

Income Taxes (Notes)

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income Taxes [Text Block]


4.	INCOME TAXES

Rayonier is a real estate investment trust (“REIT”). In general, only its taxable REIT subsidiaries, whose businesses include the Company’s non-REIT qualified activities, and foreign operations are subject to corporate income taxes. However, the Company was 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. Accordingly, the provision for corporate income taxes relates principally to current and deferred taxes on taxable REIT subsidiaries’ income and foreign operations.

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 is a $.50 per gallon refundable tax credit (which is not taxable), while the CBPC is 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. The Company claimed the AFMC on its 2009 tax return.

In the first quarter of 2013 and the second quarter of 2012, management approved the exchange of approximately 120 million and 60 million gallons respectively, of black liquor previously claimed for the AFMC for the CBPC. As a result, the Company recorded a $19 million tax benefit in first quarter 2013. The second quarter 2012 impact of the exchange was a $9.1 million tax benefit partially offset by a $3.4 million interest expense accrual. The IRS later released guidance stating interest payments are not required for AFMC funds exchanged for the CBPC, based upon the manner of the Company's original claim. As such, Rayonier subsequently reversed the interest expense in third quarter 2012. For additional information on the AFMC and CBPC, see Note 8 — Income Taxes in the Company’s Annual Report on Form 10-K for the year ended December 31, 2012.

Provision for Income Taxes from Continuing Operations

The Company’s effective tax rate is below the 35 percent U.S. statutory tax rate primarily due to tax benefits associated with being a REIT. The Company’s effective tax rate in 2013 was lower than 2012 primarily due to recording the additional AFMC exchange, the federal research and experimentation tax credit and a $4.9 million benefit associated with the completion of an internal transfer of properties.

The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented (in millions of dollars):



	Three Months Ended June 30,
	2013					2012
Income tax expense at federal statutory rate	$	36		35.0	%	$	27		35.0	%
REIT income not subject to tax	(15		)	(14.3	)	(6		)	(8.7	)
Income tax expense before discrete items	21			20.7	%	21			26.3	%
Exchange of AFMC for CBPC	—			—		(9		)	(10.9	)
Other	(6		)	(5.9	)	—			—
Income tax expense as reported	$	15		14.8	%	$	12		15.4	%



	Six Months Ended June 30,
	2013					2012
Income tax expense at federal statutory rate	$	74		35.0	%	$	52		35.0	%
REIT income not subject to tax	(26		)	(12.4	)	(12		)	(8.1	)
Other	(2		)	(0.7	)	(1		)	(0.5	)
Income tax expense before discrete items	46			21.9	%	39			26.4	%
Exchange of AFMC for CBPC	(19		)	(8.9	)	(9		)	(6.0	)
Gain related to consolidation of New Zealand joint venture	(5		)	(2.7	)	—			—
Other	(2		)	(1.0	)	—			—
Income tax expense as reported	$	20		9.3	%	$	30		20.4	%

Provision for Income Taxes from Discontinued Operations

In the first quarter, Rayonier completed the sale of its Wood Products business for $80 million plus a working capital adjustment. For the six months ended June 30, 2013 and 2012, income tax expense related to discontinued operations was $22.3 million ($21.4 million from the gain on sale) and $1.9 million, respectively. For the three months ended June 30, 2012, income tax related to discontinued operations was $1.5 million. See Note 2 — Sale of Wood Products Business for additional information.

- Definition

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.

+ References

+ Details

Restricted Deposits (Notes)

6 Months Ended

Jun. 30, 2013

Restricted Cash and Investments [Abstract]

Restricted Deposits [Text Block]


5.	RESTRICTED DEPOSITS

In order to qualify for like-kind exchange (“LKE”) treatment, the proceeds from real estate sales must be deposited with a third-party intermediary. These proceeds are accounted for as restricted cash until a suitable replacement property is acquired. In the event LKE purchases are not completed, the proceeds are returned to the Company after 180 days and reclassified as available cash. As of June 30, 2013 and December 31, 2012, the Company had $3.0 million and $10.6 million, respectively, of proceeds from real estate sales classified as restricted cash in Other Assets, which were deposited with an LKE intermediary.

Joint Venture Investment (Notes)

6 Months Ended

Jun. 30, 2013

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

Joint Venture Investment [Text Block]


6.	JOINT VENTURE INVESTMENT

On April 4, 2013 (the “acquisition date”), the Company acquired an additional 39 percent ownership interest in Matariki Forestry Group, a joint venture (“JV”) that owns or leases approximately 0.3 million acres of New Zealand timberlands. As a result of the acquisition, Rayonier is a 65 percent owner of the JV and 100 percent of the results of its operations subsequent to April 4, 2013 have been included in the Company’s consolidated financial statements, along with 100 percent of the JV’s assets and liabilities at June 30, 2013. The portions of the consolidated financial position and results of operations attributable to the JV’s 35 percent noncontrolling interest are also shown separately. Rayonier New Zealand Limited (“RNZ”), a wholly-owned subsidiary of Rayonier Inc., continues to serve as the manager of the JV forests and operates a log trading business.

The purchase price of the additional interest in the JV was $139.9 million, which included $3.3 million of contingent consideration and was financed through our term credit agreement. As the purchase price was in New Zealand dollars, the Company purchased foreign currency forward contracts to mitigate foreign currency risk on the purchase price. As a result, the Company recorded a benefit of $1.7 million and received that amount upon maturity of the contracts on April 2, 2013.

The contingent consideration arrangement required the Company to pay an additional consideration to the JV’s selling (former) shareholders equal to a multiple of the increase in log prices for a six month period beginning in November 2012. We estimated the fair value of the contingent consideration arrangement at the acquisition date to be $3.3 million. Fair value was determined using an average of the cost and freight (CFR) selling price of China A-grade 3.8 meter logs. As of June 30, 2013, the contingent consideration had been determined and paid in the amount of $3.3 million.

Prior to the acquisition date, the Company accounted for its 26 percent interest in the JV as an equity method investment. The additional 39 percent interest acquired resulted in the Company obtaining a controlling financial interest in the JV and accordingly, the purchase was accounted for as a step-acquisition. Upon consolidation, the Company recognized a $10.1 million deferred gain, which resulted from the original sale of its New Zealand operations to the joint venture in 2005 and a $6 million benefit due to the required fair market value remeasurement of the Company’s equity interest in the JV held before the purchase of the additional interest. Both gains are included in the line item “Gain related to consolidation of New Zealand joint venture” in the Consolidated Statements of Income and Comprehensive Income. The acquisition-date fair value of the previous equity interest was $93.3 million.

We have applied estimates and judgments in order to determine the fair value of assets acquired and liabilities assumed at the acquisition date. In determining fair value we utilized valuation methodologies including discounted cash flow analysis. The assumptions made in performing these valuations include assumptions as to discount rates, foreign exchange rates, and commodity prices. Any significant change in key assumptions may cause the acquisition accounting to be revised.

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:



	April 4, 2013
Accounts receivable, net	$	9,777
Inventory	2,465
Other current assets	6,767
Timber and timberlands, net	545,287
Other assets	25,436
Total identifiable assets acquired	589,732
Accounts payable	11,679
Current maturities of long-term debt	3,843
Accrued interest	2,038
Other current liabilities	3,624
Long-term debt (third party)	196,319
Long-term debt (shareholders) (a)	125,532
Other non-current liabilities	13,565
Total liabilities assumed	356,600
Net identifiable assets	233,132
Less: Fair value of equity method investment	(93,253		)
Purchase price	$	139,879

(a) Long-term debt included $125.5 million of shareholder loans payable to the noncontrolling interest by the JV. Subsequent to the acquisition date, $96.0 million of the noncontrolling interest’s shareholder loans were converted to preferred equity.

The Company’s operating results for the three and six months ended June 30, 2013 reflect 26 percent of the JV’s income prior to the acquisition date, as reported in “Equity in income of New Zealand joint venture” in the Consolidated Statements of Income and Comprehensive Income. The amounts of revenue and earnings of the JV included in the Company’s Consolidated Statements of Income and Comprehensive Income from the acquisition date to the period ended June 30, 2013 are as follows:



	Revenue and earnings from April 4, 2013 to June 30, 2013
Sales	$	47,426
Net Income	2,076

The following represents the pro forma consolidated sales and net income as if the JV had been included in the consolidated results of the Company for the three and six months ended June 30, 2013 and 2012:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Sales	$	409,077	$	399,228	$	837,322	$	778,810
Net Income	$	87,891	$	67,376	$	233,867	$	118,730

- Definition

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.

+ References + Details

Shareholders' Equity (Notes)

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Shareholders' Equity [Text Block]


7.	SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for the six months ended June 30, 2013 and the year ended December 31, 2012 is shown below (share amounts not in thousands):



	Rayonier Inc. Shareholders
	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Total Shareholders’ Equity
	Shares		Amount			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Total Shareholders’ Equity
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
Acquisition of noncontrolling interest	—		—			—			—			96,086			96,086
Net income	—		—			234,899			—			727			235,626
Dividends ($0.88 per share)	—		—			(110,886		)	—			—			(110,886		)
Issuance of shares under incentive stock plans	861,838		6,643			—			—			—			6,643
Stock-based compensation	—		6,253			—			—			—			6,253
Excess tax benefit on stock-based compensation	—		7,399			—			—			—			7,399
Repurchase of common shares	(209,743	)	(11,241		)	—			—			—			(11,241		)
Settlement of warrants (Note 16)	2,135,221		—			—			—			—			—
Amortization of pension and postretirement plans	—		—			—			8,687			—			8,687
Foreign currency translation adjustment	—		—			—			(17,650		)	(9,576		)	(27,226		)
Joint venture cash flow hedges	—		—			—			1,431			(656		)	775
Balance, June 30, 2013	126,119,760		$	679,803		$	1,000,647		$	(116,911	)	$	86,581		$	1,650,120

- Definition

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.

+ References

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

+ Details

Segment and Geographical Information (Notes)

6 Months Ended

Jun. 30, 2013

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

Segment and Geographical Information [Text Block]


8.	SEGMENT AND GEOGRAPHICAL INFORMATION

Rayonier operates in three reportable business segments: Forest Resources, Real Estate and Performance Fibers. Prior to the first quarter of 2013, the Company operated in four reportable business segments, which included Wood Products. In March 2013, the Company sold its Wood Products business and its operations are shown as discontinued operations for all periods presented. See Note 2 — Sale of Wood Products Business for additional information. On April 4, 2013, Rayonier acquired an additional 39 percent interest in the JV, bringing its total ownership to 65 percent. As a result, the JV’s results of operations have been consolidated and included within the Forest Resources segment since April 4, when the Company acquired control of the entity. Accordingly, the JV’s assets and liabilities are fully consolidated at June 30, 2013. See Note 6 — Joint Venture Investment for further information regarding the Company’s joint venture.

Forest Resources sales include all activities related to the harvesting of timber. Real Estate sales include all property sales, including those designated for higher and better use (“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 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 estimated 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.

Total assets, sales, operating income (loss) and depreciation, depletion and amortization by segment including Corporate were as follows:



	June 30,		December 31,
ASSETS	2013		2012
Forest Resources	$	2,275,145	$	1,690,030
Real Estate	85,018		112,647
Performance Fibers	1,067,673		902,309
Wood Products (a)	—		18,454
Other Operations	31,045		23,296
Corporate and other	369,170		376,215
Total	$	3,828,051	$	3,122,951


(a)	The Company sold its Wood Products segment during the first quarter of 2013. See Note 2 — Sale of Wood Products Business for additional information.



	Three Months Ended June 30,						Six Months Ended June 30,
SALES	2013			2012			2013			2012
Forest Resources	$	109,060		$	52,663		$	166,162		$	104,858
Real Estate	13,376			11,680			37,673			24,326
Performance Fibers	253,025			254,509			537,213			505,364
Other Operations	33,872			29,268			62,099			50,409
Intersegment Eliminations (b)	(256		)	(24		)	(351		)	(290		)
Total	$	409,077		$	348,096		$	802,796		$	684,667


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



	Three Months Ended June 30,					Six Months Ended June 30,
OPERATING INCOME(LOSS)	2013		2012			2013			2012
Forest Resources	$	20,890	$	8,249		$	34,145		$	16,254
Real Estate	6,105		5,999			22,947			12,477
Performance Fibers	79,081		83,727			170,751			164,357
Other Operations	1,779		1,148			1,944			218
Corporate and other (c)	2,706		(5,025		)	(3,863		)	(16,458		)
Total	$	110,561	$	94,098		$	225,924		$	176,848


(c)	The three and six months ended June 30, 2013 includes a $16.1 million gain related to the consolidation of the New Zealand JV. See Note 6 — Joint Venture Investment.



	Three Months Ended June 30,				Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2013		2012		2013		2012
Forest Resources	$	27,291	$	17,066	$	43,735	$	33,900
Real Estate	2,469		1,600		6,646		3,445
Performance Fibers	13,649		15,139		28,802		26,500
Corporate and other	258		374		476		747
Total	$	43,667	$	34,179	$	79,659	$	64,592

- Definition

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.

+ References

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.

+ Details

Derivative Financial Instruments and Hedging Activities (Notes)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Instruments and Hedging Activities Disclosure [Text Block]


9.	DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to market risk related to potential fluctuations in foreign currency exchange rates, interest rates and fuel prices. The Company’s New Zealand JV uses derivative financial instruments to mitigate the financial impact of exposure to these risks.

Accounting for derivative financial instruments is governed by ASC Topic 815, “Derivatives and Hedging,” (“ASC 815”). In accordance with ASC 815, the Company records its derivatives instruments at fair value as either assets or liabilities in the Consolidated Balance Sheets. Changes in the instruments’ fair value are accounted for based on their intended use. Gains and losses on derivatives that are designated and qualify for cash flow hedge accounting are recorded as a component of accumulated other comprehensive income (“AOCI”) and reclassified into earnings when the hedged transaction materializes. The ineffective portion of any hedge as well as changes in the fair value of derivatives not designated as hedging instruments and those which are no longer effective as hedging instruments, are recognized immediately in earnings.

Foreign Currency Exchange and Option Contracts

The functional currency of the Company’s New Zealand-based operations and JV is the New Zealand dollar. These operations are exposed to foreign currency risk on export sales and ocean freight payments which are predominately denominated in US dollars. The Company typically hedges at least 70 percent of its estimated foreign currency exposure with respect to the following three months forecasted sales and purchases and 50 percent of the forward twelve months.

The fair value of foreign currency exchange contracts is determined by a mark to market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate.The fair value of foreign currency option contracts is based on a mark to market calculation using the Black Scholes option pricing model.

Interest Rate Swaps

The Company uses interest rate swaps to manage the JV’s exposure to interest rate movements on its variable rate debt attributable to changes in the New Zealand Bank bill rate. By converting a portion of these borrowings from floating rates to fixed rates the Company has reduced the impact of interest rate changes on its expected future cash outflows. As of June 30, 2013, the Company’s interest rate contracts had maturity dates through January 2020.

Fuel Hedge Contracts

The Company uses fuel swap contracts to manage its JV’s exposure to changes in New Zealand’s domestic diesel prices. The fuel swaps are quoted by domestic banks in New Zealand dollar price terms. As of June 30, 2013 all of the contracts had maturities of less than one year. The fair value of the fuel swap contracts is determined by a mark to market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract.

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the second quarter and six months ended June 30, 2013:



		June 30, 2013
	Income Statement Location	Three Months Ended			Six Months Ended
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive income/(loss) (a)	$	(1,509	)	$	(1,509	)
Foreign currency option contracts	Other comprehensive income/(loss) (a)	(363		)	(363		)

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating (expense) income	(456		)	1,426
Foreign currency option contracts	Other operating (expense) income	(1,491		)	(1,491		)
Interest rate swaps	Interest and other miscellaneous income	2,650			2,650
Fuel hedges	Cost of sales - benefit	148			148


(a)	See Note 17 — Accumulated Other Comprehensive Loss.

During the next 12 months, the amount of the June 30, 2013 AOCI balance, net of tax, expected to be reclassified into earnings as a result of the maturation of the Company’s derivative instruments is a loss of approximately $1.9 million.

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheet at June 30, 2013:



	June 30, 2013
	Notional Amount (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	19,000
Foreign currency option contracts	26,000

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	7,020
Foreign currency option contracts	30,000
Interest rate swaps	172,497
Fuel contracts	40

(a) All notional amounts are stated in dollars except fuel contracts which are denominated in thousands of barrels.

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheet at June 30, 2013:



	June 30, 2013
	Location on Balance Sheet	Fair Value Assets (Liabilities) (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current liabilities	(891		)
Foreign currency option contracts	Other current liabilities	(363		)

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other current liabilities	(174		)
Foreign currency option contracts	Other current liabilities	(352		)
Interest rate swaps	Other current liabilities	(2,843		)
	Other non-current liabilities	(6,443		)
Fuel contracts	Other assets	69

Total derivative contracts:
Other assets		69
Total derivative assets		$	69

Other current liabilities		(4,623		)
Other non-current liabilities		(6,443		)
Total derivative liabilities		$	(11,066	)


(a)	See Note 10 — Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.

Offsetting Derivatives

Derivative financial instruments are presented at their gross fair values in the Consolidated Balance Sheets. The Company’s derivative financial instruments are not subject to master netting arrangements which would allow the right of offset.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6441202&loc=d3e80720-113993

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4C
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624171-113959

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624163-113959

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41620-113959

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4D
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624177-113959

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579240-113959

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80784-113994

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41641-113959

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5579245-113959

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4H
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624258-113959

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4K
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708775-113959

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=7668309&loc=d3e80748-113994

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41635-113959

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4J
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5708773-113959

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5618551-113959

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 1B
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5580258-113959

Reference 17: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=7476318&loc=d3e41638-113959

Reference 18: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 25
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6886632&loc=d3e76258-113986

Reference 19: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 815
-SubTopic 10
-Section 50
-Paragraph 4E
-URI http://asc.fasb.org/extlink&oid=7476318&loc=SL5624181-113959

Reference 20: 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.(n))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 21: 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 22: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 44
-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.

+ Details

Fair Value Measurements (Notes)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements [Text Block]


10.	FAIR VALUE MEASUREMENTS

Fair Value of Financial Instruments

The Accounting Standards Codification established a three-level hierarchy that prioritizes the inputs used to measure fair value 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, estimated fair values and categorization under the fair value hierarchy of financial instruments held by the Company at June 30, 2013 and December 31, 2012, using market information and what management believes to be appropriate valuation methodologies under generally accepted accounting principles:



	June 30, 2013								December 31, 2012
Asset (liability)	Carrying Amount			Fair Value					Carrying Amount			Fair Value
				Level 1		Level 2						Level 1		Level 2
Cash and cash equivalents	$	343,581		$	343,581	$	—		$	280,596		$	280,596	$	—
Restricted cash (a)	2,956			2,956		—			10,559			10,559		—
Current maturities of long-term debt	(75,463		)	—		(75,463		)	(150,000		)	—		(150,000		)
Long-term debt	(1,591,834		)	—		(1,718,249		)	(1,120,052		)	—		(1,250,341		)
Interest rate swaps (b)	(9,286		)	—		(9,286		)	—			—		—
Foreign currency exchange contracts (b)	(1,065		)	—		(1,065		)	—			—		—
Foreign currency option contracts (b)	(716		)	—		(716		)	—			—		—
Fuel contracts (b)	69			—		69			—			—		—


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


(b)	See Note 9 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.

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. The variable rate debt adjusts with changes in the market rate, therefore the carrying value approximates fair value.

Interest rate swap agreements — The fair value of interest rate contracts is determined by discounting the expected future cash flows, for each instrument, at prevailing interest rates.

Foreign currency exchange contracts — The fair value of foreign currency exchange contracts is determined by a mark-to-market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate.

Foreign currency option contracts — The fair value of foreign currency options contracts is based on a mark-to-market calculation using the Black-Scholes option pricing model.

Fuel contracts — The fair value of diesel fuel contracts is determined by a mark-to-market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract.

- Definition

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.

+ References

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.

+ Details

Guarantees (Notes)

6 Months Ended

Jun. 30, 2013

Guarantees [Abstract]

Guarantees [Text Block]


11.	GUARANTEES

The Company provides financial guarantees as required by creditors, insurance programs, and various governmental agencies. As of June 30, 2013, the following financial guarantees were outstanding:



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)	$	18,205	$	15,000
Guarantees (b)	2,254		43
Surety bonds (c)	7,231		1,360
Total financial commitments	$	27,690	$	16,403


(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 2014 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 June 30, 2013, the Company has 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)

6 Months Ended

Jun. 30, 2013

Commitments [Abstract]

Commitments Disclosure [Text Block]


12.	COMMITMENTS

As disclosed in the Company’s Annual Report on Form 10-K, Rayonier leases certain buildings, machinery and equipment under various operating leases. The Company’s commitments have not materially changed since December 31, 2012 except as related to the acquisition of a controlling interest in the New Zealand joint venture. The following table shows the increase in the Company’s commitments, as of June 30, 2013, as a result of the JV acquisition:



	Forestry Rights (a)		Forest Leases (b)
Remaining 2013	$	884	$	541
2014	1,528		1,075
2015	1,528		1,075
2016	1,528		1,075
2017	1,528		1,075
Thereafter	39,757		53,889
	$	46,753	$	58,730

(a) Forestry rights grant access to the leased land for the purpose of harvesting. The majority of the JV’s forestry rights terminate with the harvest of the land’s existing crop and require the land to be left in the cut condition upon termination.

(b) Forest leases have an average term between 30 and 99 years. Annual rent is indexed to the Consumer Price Index or current market values. A number of these leases require the land to be returned in a fully stocked condition (replanted).

The JV has a number of Crown Forest Licenses (“CFL”) with the New Zealand government. The leases extend indefinitely and may only be terminated upon a 35 year termination notice from the government. If no termination notice is given, the leases renew automatically each year for a one year term. As of June 30, 2013, the JV has three CFL’s under termination notice, with one terminating in 2034 and the remaining two expiring in 2062. The annual license fee is determined based on current market value, with three yearly rent reviews. The total annual license fee on the CFL’s is $2.7 million per year.

Liabilities for Dispositions and Discontinued Operations (Notes)

6 Months Ended

Jun. 30, 2013

Liabilities of Disposal Group, Including Discontinued Operation [Abstract]

Liabilities for Dispositions and Discontinued Operations [Text Block]


13.	LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS

An analysis of the liabilities for dispositions and discontinued operations follows:



	June 30,			December 31,
	2013			2012
Balance, beginning of period	$	81,695		$	90,824
Expenditures charged to liabilities	(4,015		)	(9,926		)
Increase to liabilities	448			797
Balance, end of period	78,128			81,695
Less: Current portion	(8,686		)	(8,105		)
Non-current portion	$	69,442		$	73,590

The Company is exposed to the risk of reasonably possible additional losses in excess of the established liabilities. As of June 30, 2013, this amount could range up to $29 million, attributable to several of the applicable sites, and arises from uncertainty over the availability, feasibility and effectiveness of certain remediation technologies, additional or different contamination that may be discovered, development of new or more effective environmental remediation technologies, potential changes in applicable law and regulations, and the exercise of discretion in interpretation of applicable law and regulations by governmental agencies.

The Company believes established liabilities are sufficient for probable 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.

- Definition

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.

+ References + Details

Contingencies (Notes)

6 Months Ended

Jun. 30, 2013

Loss Contingency [Abstract]

Contingencies [Text Block]


14.	CONTINGENCIES

Rayonier is engaged in various legal actions, including certain environmental proceedings, and 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.

- Definition

The entire disclosure for commitments and contingencies.

+ References

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.

+ Details

Employee Benefit Plans (Notes)

6 Months Ended

Jun. 30, 2013

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

Employee Benefit Plans [Text Block]


15.	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. Currently, all qualified 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.

The net pension and postretirement benefit costs that have been recognized during the stated periods are shown in the following tables:



	Pension						Postretirement
	Three Months Ended June 30,						Three Months Ended June 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	2,011		$	2,102		$	249	$	227
Interest cost	3,953			4,321			240		242
Expected return on plan assets	(5,966		)	(6,369		)	—		—
Amortization of prior service cost	322			327			6		6
Amortization of losses	4,791			4,394			218		156
Net periodic benefit cost	$	5,111		$	4,775		$	713	$	631



	Pension						Postretirement
	Six Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	4,430		$	4,042		$	498	$	437
Interest cost	8,787			8,309			480		465
Expected return on plan assets	(13,390		)	(12,248		)	—		—
Amortization of prior service cost	710			629			13		12
Amortization of losses	10,516			8,451			436		299
Net periodic benefit cost	$	11,053		$	9,183		$	1,427	$	1,213

In 2013, the Company has no mandatory pension contribution requirements, but may make discretionary contributions.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

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.

+ Details

Debt (Notes)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Debt [Text Block]


16.	DEBT

The warrants sold in conjunction with the issuance of the 3.75% Senior Exchangeable Notes due 2012 began maturing on January 15, 2013 and continued to mature through March 27, 2013. As of June 30, 2013, all of the 8,313,511 warrants have settled, resulting in the issuance of 2,135,221 Rayonier common shares.

As of March 31, 2013, the $172.5 million 4.50% Senior Exchangeable Notes due 2015 became exchangeable at the option of the holders for the calendar quarter ending June 30, 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 during a period of 30 consecutive trading days as of the last day of the quarter. During the three months ended June 30, 2013, the note holders did not elect to exercise the exchange option. Based upon the average stock price for the 30 trading days ended June 30, 2013, these notes again became exchangeable at the option of the holder for the calendar quarter ending September 30, 2013. The entire balance of the notes remained classified as long-term debt at June 30, 2013 due to the ability and intent of the Company to refinance them on a long-term basis.

During the six months ended June 30, 2013, the Company made net repayments of $15 million on its $450 million unsecured revolving credit facility. The Company had $187 million of available borrowings under this facility at June 30, 2013. The Company also borrowed an additional $200 million on the term credit agreement during the second quarter of 2013 for general corporate purposes. Additional draws totaling $140 million remain available on the term credit agreement.

Joint Venture Debt

On April 4, 2013, Rayonier acquired an additional 39 percent interest in its New Zealand JV, bringing its total ownership to 65 percent and as a result, the JV’s debt was consolidated effective on that date. See Note 6 — Joint Venture Investment for further information.

The JV’s debt consisted of the following at June 30, 2013:



	June 30, 2013
Senior Secured Facilities Agreement
Revolving Credit Facility due 2014 at variable interest rate of 3.61%	$	123,488
Revolving Credit Facility due 2016 at variable interest rate of 3.76%	57,885
Working Capital Facility due 2013 at variable interest rate of 3.94%	463

Noncontrolling interest shareholder loan at a 0% interest rate	29,571

Total debt	211,407
Less: Current maturities of long-term debt	(463		)
Long-term debt	$	210,944

Senior Secured Facilities Agreement

The New Zealand JV is party to a $199 million variable rate Senior Secured Facilities Agreement, comprised of two tranches of revolving credit facilities and a working capital facility. Although the maximum amounts available under the agreement are denominated in New Zealand dollars, advances are also available in U.S. dollars. This agreement is secured by a Security Trust Deed that provides recourse only to the JV’s assets; there is no recourse to Rayonier Inc. or any of its subsidiaries.

Revolving Credit Facilities

As of June 30, 2013 the Senior Secured Facilities Agreement had $123 million outstanding on Tranche A at 3.61 percent due September 2014 and $58 million outstanding on Tranche B at 3.76 percent due September 2016. The interest rates for both tranches are indexed to the 90 day New Zealand bank bill rate and are generally repriced at quarterly intervals. The margin on the index rate fluctuates based on the interest coverage ratio. The JV manages these rates through interest rate swaps, as discussed at Note 9 — Derivative Financial Instruments and Hedging Activities.

Working Capital Facility

The $18 million Working Capital Facility is available for short-term operating cash flow needs of the New Zealand JV. This facility holds a variable interest rate indexed to the Official Cash Rate set by the Reserve Bank of New Zealand. The margin ranges from 1.17 percent to 1.44 percent based on the interest coverage ratio and the length of time each borrowing is outstanding. At June 30, 2013, $0.5 million is outstanding at 3.94 percent and due September 2013.

Shareholder Loan

The shareholder loan is an interest-free loan from the noncontrolling JV interest in the amount of $30 million. This loan represents part of the noncontrolling party’s investment in the JV. The loan is secured by timberlands owned by the JV and is subordinated to the Senior Secured Facilities Agreement. Although Rayonier Inc. is not liable for this loan, the shareholder loan instrument contains features with characteristics of both debt and equity and is therefore required to be classified as debt and consolidated. As the loan is effectively at call, the carrying amount is deemed to be the fair value. The entire balance of the shareholder loan remained classified as long-term debt at June 30, 2013 due to the ability and intent of the JV to refinance it on a long-term basis.

Debt Covenants

In connection with the New Zealand JV’s Senior Secured Facilities Agreement, covenants must be met, including generation of sufficient cash flows to meet a minimum interest coverage ratio of 1.50 to 1 on a quarterly basis and maintenance of a leverage ratio of bank debt versus the forest and land valuation below the covenant's maximum ratio of 35 percent. At June 30, 2013, the New Zealand JV was in compliance with all its covenants.

There were no other significant changes to the Company’s outstanding debt as reported in Note 11 — Debt in the Company’s 2012 Annual Report on Form 10-K.

Subsequent Event

On July 5, 2013 the New Zealand JV negotiated amendments to the existing Senior Secured Facilities Agreement. The amended and restated Senior Secured Facilities Agreement is now comprised of two tranches; a $181 million revolving cash advance facility (“Tranche A”) expiring September 2016 and an $18 million working capital facility (“Tranche B”) expiring July 2014. In addition to the extended maturity dates, the amended and restated agreement provides for favorable changes to the interest rate margin and covenant requirements. The margin for revolving cash advance borrowings now ranges from 0.75 percent to 0.85 percent (previously 0.775 percent to 1.05 percent). There was no change to the working capital facility interest rate. The maximum leverage ratio was increased to 40 percent and the interest coverage ratio was amended to allow a minimum ratio of 1.25 to 1, provided that the ratio is not below 1.50 to 1 for any two consecutive quarters.

- Definition

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.

+ References + Details

Accumulated Other Comprehensive Loss (Notes)

6 Months Ended

Jun. 30, 2013

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

Accumulated Other Comprehensive Loss [Text Block]


17.	ACCUMULATED OTHER COMPREHENSIVE LOSS

Accumulated Other Comprehensive Loss was comprised of the following:



	Foreign currency translation gains				New Zealand joint venture cash flow hedges			Unrecognized components of employee benefit plans, net of tax				Total
Balance as of December 31, 2012	$	38,829			$	(3,628	)	$	(144,580	)		$	(109,379	)
Other comprehensive income before reclassifications	(17,650		)	(a)	(728		)	530				(17,848		)
Amounts reclassified from accumulated other comprehensive income	—				2,159			8,157			(b)	10,316
Net other comprehensive income	(17,650		)		1,431			8,687				(7,532		)
Balance as of June 30, 2013	$	21,179			$	(2,197	)	$	(135,893	)		$	(116,911	)


(a)	The loss is due to a six cent decrease in the New Zealand dollar exchange rate.


(b)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 15 — Employee Benefit Plans for additional information.

The following table presents details of the amounts reclassified in their entirety from AOCI for the six-month period ended June 30, 2012:

- Definition

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.

+ References

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.

+ Details

Other Operating Income, Net (Notes)

6 Months Ended

Jun. 30, 2013

Other Operating Income, Net [Abstract]

Other Income and Other Expense Disclosure [Text Block]


18.	OTHER OPERATING (EXPENSE) INCOME, NET

Other operating (expense) income, net was comprised of the following:



	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Lease income, primarily from hunting leases	$	2,313		$	2,520		$	4,774		$	4,905
Other non-timber income	604			1,048			1,078			1,891
Foreign currency gain (loss)	979			680			795			(185		)
Loss on sale or disposal of property, plant & equipment	(269		)	(711		)	(698		)	(1,732		)
Insurance recoveries	—			2,319			—			2,319
Loss on foreign currency contracts	(1,947		)	—			(65		)	—
Legal and corporate development costs	(1,971		)	(561		)	(2,672		)	(765		)
Total	$	(291	)	$	5,295		$	3,212		$	6,433

Consolidating Financial Statements (Notes)

6 Months Ended

Jun. 30, 2013

CONSOLIDATING FINANCIAL STATEMENTS [Abstract]

Consolidating Financial Statements [Text Block]


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



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	409,077		$	—		$	409,077
Costs and Expenses
Cost of sales	—			—			—			297,698			—			297,698
Selling and general expenses	—			2,680			—			14,249			—			16,929
Other operating expense (income), net	180			(74		)	—			846			(661		)	291
	180			2,606			—			312,793			(661		)	314,918
Equity in income of New Zealand joint venture	—			—			—			304			—			304
OPERATING (LOSS) INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	(180		)	(2,606		)	—			96,588			661			94,463
Gain related to consolidation of New Zealand joint venture	—			—			—			16,098			—			16,098
OPERATING (LOSS) INCOME	(180		)	(2,606		)	—			112,686			661			110,561
Interest (expense) income	(3,414		)	(266		)	(6,997		)	658			—			(10,019		)
Interest and miscellaneous income (expense), net	1,759			1,104			(797		)	532			—			2,598
Equity in income from subsidiaries	89,064			91,235			35,968			—			(216,267		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	87,229			89,467			28,174			113,876			(215,606		)	103,140
Income tax (expense) benefit	(65		)	(403		)	2,847			(17,691		)	63			(15,249		)
INCOME FROM CONTINUING OPERATIONS	87,164			89,064			31,021			96,185			(215,543		)	87,891
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			—			—			—
NET INCOME	87,164			89,064			31,021			96,185			(215,543		)	87,891
Net income attributable to noncontrolling interest	—			—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC	87,164			89,064			31,021			95,458			(215,543		)	87,164
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(18,625		)	(28,201		)	(1,725		)	(18,625		)	38,975			(28,201		)
New Zealand joint venture cash flow hedges	878			222			(1,873		)	877			118			222
Amortization of pension and postretirement plans, net of income tax	3,717			3,717			2,819			6,831			(13,367		)	3,717
Total other comprehensive loss	(14,030		)	(24,262		)	(779		)	(10,917		)	25,726			(24,262		)
COMPREHENSIVE INCOME	73,134			64,802			30,242			85,268			(189,817		)	63,629
Comprehensive loss attributable to noncontrolling interest	—			—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	73,134		$	64,802		$	30,242		$	94,773		$	(189,817	)	$	73,134



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	348,096		$	—		$	348,096
Costs and Expenses
Cost of sales	—			—			—			243,571			—			243,571
Selling and general expenses	—			1,904			—			13,988			—			15,892
Other operating income, net	—			(109		)	—			(5,186		)	—			(5,295		)
	—			1,795			—			252,373			—			254,168
Equity in income of New Zealand joint venture	—			—			—			170			—			170
OPERATING (LOSS) INCOME	—			(1,795		)	—			95,893			—			94,098
Interest expense	(3,117		)	(212		)	(10,243		)	(2,484		)	—			(16,056		)
Interest and miscellaneous income (expense), net	1,544			1,659			(834		)	(2,285		)	—			84
Equity in income from subsidiaries	70,652			70,948			60,407			—			(202,007		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	69,079			70,600			49,330			91,124			(202,007		)	78,126
Income tax benefit (expense)	—			52			4,043			(16,130		)	—			(12,035		)
INCOME FROM CONTINUING OPERATIONS	69,079			70,652			53,373			74,994			(202,007		)	66,091
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			2,988			—			2,988
NET INCOME	69,079			70,652			53,373			77,982			(202,007		)	69,079
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(8,081		)	(8,081		)	478			(8,081		)	15,684			(8,081		)
New Zealand joint venture cash flow hedges	(1,998		)	(1,998		)	—			(1,998		)	3,996			(1,998		)
Amortization of pension and postretirement plans, net of income tax	3,401			3,401			2,579			2,579			(8,559		)	3,401
Total other comprehensive (loss) income	(6,678		)	(6,678		)	3,057			(7,500		)	11,121			(6,678		)
COMPREHENSIVE INCOME	$	62,401		$	63,974		$	56,430		$	70,482		$	(190,886	)	$	62,401



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	802,796		$	—		$	802,796
Costs and Expenses
Cost of sales	—			—			—			563,716			—			563,716
Selling and general expenses	—			5,081			—			27,947			—			33,028
Other operating (income) expense, net	(1,701		)	449			—			(1,299		)	(661		)	(3,212		)
	(1,701		)	5,530			—			590,364			(661		)	593,532
Equity in income of New Zealand joint venture	—			—			—			562			—			562
OPERATING (LOSS) INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(5,530		)	—			212,994			661			209,826
Gain related to consolidation of New Zealand joint venture	—			—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(5,530		)	—			229,092			661			225,924
Interest expense	(6,689		)	(518		)	(13,615		)	3,086			—			(17,736		)
Interest and miscellaneous income (expense), net	4,178			1,633			(1,548		)	(1,607		)	—			2,656
Equity in income from subsidiaries	235,774			240,000			159,437			—			(635,211		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	234,964			235,585			144,274			230,571			(634,550		)	210,844
Income tax (expense) benefit	(65		)	189			5,537			(25,418		)	62			(19,695		)
INCOME FROM CONTINUING OPERATIONS	234,899			235,774			149,811			205,153			(634,488		)	191,149
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			44,477			—			44,477
NET INCOME	234,899			235,774			149,811			249,630			(634,488		)	235,626
Net income attributable to noncontrolling interest	—			—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC	234,899			235,774			149,811			248,903			(634,488		)	234,899
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(17,650		)	(27,226		)	(1,485		)	(17,650		)	36,785			(27,226		)
New Zealand joint venture cash flow hedges	1,431			775			(1,873		)	1,431			(989		)	775
Amortization of pension and postretirement plans, net of income tax	8,687			8,687			6,831			6,831			(22,349		)	8,687
Total other comprehensive (loss) income	(7,532		)	(17,764		)	3,473			(9,388		)	13,447			(17,764		)
COMPREHENSIVE INCOME	227,367			218,010			153,284			240,242			(621,041		)	217,862
Comprehensive loss attributable to noncontrolling interest	—			—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	227,367		$	218,010		$	153,284		$	249,747		$	(621,041	)	$	227,367



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non-Guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	684,667		$	—		$	684,667
Costs and Expenses
Cost of sales	—			—			—			479,279			—			479,279
Selling and general expenses	—			5,215			—			29,942			—			35,157
Other operating expense (income), net	—			12			—			(6,445		)	—			(6,433		)
	—			5,227			—			502,776			—			508,003
Equity in income of New Zealand joint venture	—			—			—			184			—			184
OPERATING (LOSS) INCOME	—			(5,227		)	—			182,075			—			176,848
Interest expense	(4,366		)	(450		)	(20,469		)	(2,595		)	—			(27,880		)
Interest and miscellaneous income (expense), net	3,455			2,986			(2,042		)	(4,339		)	—			60
Equity in income from subsidiaries	123,426			126,394			106,152			—			(355,972		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	122,515			123,703			83,641			175,141			(355,972		)	149,028
Income tax (expense) benefit	—			(277		)	8,217			(38,278		)	—			(30,338		)
INCOME FROM CONTINUING OPERATIONS	122,515			123,426			91,858			136,863			(355,972		)	118,690
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			3,825			—			3,825
NET INCOME	122,515			123,426			91,858			140,688			(355,972		)	122,515
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(2,255		)	(2,255		)	376			(2,255		)	4,134			(2,255		)
New Zealand joint venture cash flow hedges	(793		)	(793		)	—			(793		)	1,586			(793		)
Amortization of pension and postretirement plans, net of income tax	6,541			6,541			4,959			4,959			(16,459		)	6,541
Total other comprehensive income	3,493			3,493			5,335			1,911			(10,739		)	3,493
COMPREHENSIVE INCOME	$	126,008		$	126,919		$	97,193		$	142,599		$	(366,711	)	$	126,008



	CONDENSED CONSOLIDATING BALANCE SHEETS As of June 30, 2013
	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	$	170,442	$	6,449	$	26,790	$	139,900	$	—		$	343,581
Accounts receivable, less allowance for doubtful accounts	—		15		892		115,631		—			116,538
Inventory	—		—		—		99,091		—			99,091
Deferred tax assets	—		—		—		55,563		—			55,563
Prepaid and other current assets	—		2,136		639		64,669		—			67,444
Total current assets	170,442		8,600		28,321		474,854		—			682,217
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		2,080,611		—			2,080,611
NET PROPERTY, PLANT AND EQUIPMENT	—		2,217		—		850,215		—			852,432
INVESTMENT IN SUBSIDIARIES	1,575,156		1,696,714		1,037,668		—		(4,309,538		)	—
INTERCOMPANY NOTES RECEIVABLE	217,073		—		20,166		—		(237,239		)	—
OTHER ASSETS	3,928		30,171		4,513		174,179		—			212,791
TOTAL ASSETS	$	1,966,599	$	1,737,702	$	1,090,668	$	3,579,859	$	(4,546,777	)	$	3,828,051
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,129	$	505	$	131,621	$	—		$	133,255
Current maturities of long-term debt	75,000		—		—		463		—			75,463
Accrued taxes	—		2,603		—		17,555		—			20,158
Accrued payroll and benefits	—		10,689		—		9,800		—			20,489
Accrued interest	3,060		538		3,753		2,484		—			9,835
Accrued customer incentives	—		—		—		10,743		—			10,743
Other current liabilities	—		3,189		—		48,653		—			51,842
Current liabilities for dispositions and discontinued operations	—		—		—		8,686		—			8,686
Total current liabilities	78,060		18,148		4,258		230,005		—			330,471
LONG-TERM DEBT	325,000		—		979,511		287,323		—			1,591,834
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		69,442		—			69,442
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		130,244		—		28,350		—			158,594
OTHER NON-CURRENT LIABILITIES	—		13,989		—		13,601		—			27,590
INTERCOMPANY PAYABLE	—		165		—		265,823		(265,988		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		106,899		2,598,734		(4,280,789		)	1,563,539
Noncontrolling interest	—		—		—		86,581		—			86,581
TOTAL SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		106,899		2,685,315		(4,280,789		)	1,650,120
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,966,599	$	1,737,702	$	1,090,668	$	3,579,859	$	(4,546,777	)	$	3,828,051



	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
Deferred tax assets	—		—		—		15,845		—			15,845
Prepaid and other current assets	—		1,566		691		39,251		—			41,508
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 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 STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	248,552		$	247,599		$	64,000		$	212,977		$	(537,456	)	$	235,672
INVESTING ACTIVITIES
Capital expenditures	—			(89		)	—			(94,037		)	—			(94,126		)
Purchase of additional interest in New Zealand joint venture	—			—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			—			(10,447		)	—			(10,447		)
Intercompany purchase of real estate	—			—			—			984			(984		)	—
Jesup mill cellulose specialties expansion	—			—			—			(100,185		)	—			(100,185		)
Proceeds from the disposition of Wood Products business	—			—			—			72,953			—			72,953
Change in restricted cash	—			—			—			7,603			—			7,603
Investment in Subsidiaries	(138,178		)	(138,178		)	(249,481		)	—			525,837			—
Other	—			1,700			—			18,376			—			20,076
CASH (USED FOR) INVESTING ACTIVITIES	(138,178		)	(136,567		)	(249,481		)	(244,632		)	524,853			(244,005		)
FINANCING ACTIVITIES
Issuance of debt	175,000			—			280,000			—			—			455,000
Repayment of debt	(250,000		)	—			(23,087		)	—			—			(273,087		)
Dividends paid	(113,222		)	—			—			—			—			(113,222		)
Proceeds from the issuance of common shares	6,643			—			—			—			—			6,643
Excess tax benefits on stock-based compensation	—			—			—			7,399			—			7,399
Repurchase of common shares	(11,241		)	—			—			—			—			(11,241		)
Intercompany distributions	—			(108,549		)	(64,000		)	159,946			12,603			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(192,820		)	(108,549		)	192,913			167,345			12,603			71,492
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(174		)	—			(174		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(82,446		)	2,483			7,432			135,516			—			62,985
Balance, beginning of year	252,888			3,966			19,358			4,384			—			280,596
Balance, end of period	$	170,442		$	6,449		$	26,790		$	139,900		$	—		$	343,581



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	3,173		$	51,579		$	12,000		$	181,124		$	(39,000	)	$	208,876
INVESTING ACTIVITIES
Capital expenditures	—			(165		)	—			(76,081		)	—			(76,246		)
Purchase of timberlands	—			—			—			(8,687		)	—			(8,687		)
Jesup mill cellulose specialties expansion	—			—			—			(63,998		)	—			(63,998		)
Change in restricted cash	—			—			—			(14,427		)	—			(14,427		)
Investment in Subsidiaries	(5,181		)	—			(39,436		)	—			44,617			—
Other	—			(69		)	—			(635		)	—			(704		)
CASH USED FOR INVESTING ACTIVITIES	(5,181		)	(234		)	(39,436		)	(163,828		)	44,617			(164,062		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(30,000		)	(23,110		)	(15,000		)	—			(188,110		)
Dividends paid	(98,201		)	—			—			—			—			(98,201		)
Proceeds from the issuance of common shares	3,980			—			—			—			—			3,980
Excess tax benefits on stock-based compensation	—			—			—			4,234			—			4,234
Debt issuance costs	(3,653		)	—			—			—			—			(3,653		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Intercompany distributions	—			5,181			(9,233		)	9,669			(5,617		)	—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	99,343			(24,819		)	(17,343		)	13,903			(5,617		)	65,467
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			219			—			219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	97,335			26,526			(44,779		)	31,418			—			110,500
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of period	$	97,335		$	35,503		$	15,197		$	41,068		$	—		$	189,103

In March 2012, Rayonier Inc. issued $325 million of 3.75% Senior Notes due 2022. The notes are fully and unconditionally guaranteed by ROC and Rayonier TRS Holdings Inc. In connection with these notes, the Company provides the following consolidating financial information in accordance with SEC Regulation S-X Rule 3-10, Financial Statements of Guarantors and Issuers of Guaranteed Securities Registered or Being Registered.



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	409,077		$	—		$	409,077
Costs and Expenses
Cost of sales	—			—			297,698			—			297,698
Selling and general expenses	—			2,680			14,249			—			16,929
Other operating expense (income), net	180			(74		)	846			(661		)	291
	180			2,606			312,793			(661		)	314,918
Equity in income of New Zealand joint venture	—			—			304			—			304
OPERATING (LOSS) INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	(180		)	(2,606		)	96,588			661			94,463
Gain on consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING (LOSS) INCOME	(180		)	(2,606		)	112,686			661			110,561
Interest (expense) income	(3,414		)	(7,263		)	658			—			(10,019		)
Interest and miscellaneous income, net	1,759			307			532			—			2,598
Equity in income from subsidiaries	89,064			96,185			—			(185,249		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	87,229			86,623			113,876			(184,588		)	103,140
Income tax (expense) benefit	(65		)	2,441			(17,691		)	66			(15,249		)
INCOME FROM CONTINUING OPERATIONS	87,164			89,064			96,185			(184,522		)	87,891
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			—			—
NET INCOME	87,164			89,064			96,185			(184,522		)	87,891
Net income attributable to noncontrolling interest	—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	87,164			89,064			95,458			(184,522		)	87,164
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(18,625		)	(28,201		)	(18,625		)	37,250			(28,201		)
New Zealand joint venture cash flow hedges	878			221			877			(1,754		)	222
Amortization of pension and postretirement plans, net of income tax	3,717			3,718			6,831			(10,549		)	3,717
Total other comprehensive loss	(14,030		)	(24,262		)	(10,917		)	24,947			(24,262		)
COMPREHENSIVE INCOME	73,134			64,802			85,268			(159,575		)	63,629
Comprehensive loss attributable to noncontrolling interest	—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	73,134		$	64,802		$	94,773		$	(159,575	)	$	73,134



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	348,096		$	—		$	348,096
Costs and Expenses
Cost of sales	—			—			243,571			—			243,571
Selling and general expenses	—			1,904			13,988			—			15,892
Other operating income, net	—			(109		)	(5,186		)	—			(5,295		)
	—			1,795			252,373			—			254,168
Equity in income of New Zealand joint venture	—			—			170			—			170
OPERATING (EXPENSE) INCOME	—			(1,795		)	95,893			—			94,098
Interest expense	(3,117		)	(10,455		)	(2,484		)	—			(16,056		)
Interest and miscellaneous income (expense), net	1,544			825			(2,285		)	—			84
Equity in income from subsidiaries	70,652			77,982			—			(148,634		)	—
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	69,079			66,557			91,124			(148,634		)	78,126
Income tax benefit (expense)	—			4,095			(16,130		)	—			(12,035		)
INCOME (LOSS) FROM CONTINUING OPERATIONS	69,079			70,652			74,994			(148,634		)	66,091
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			2,988			—			2,988
NET INCOME (LOSS)	69,079			70,652			77,982			(148,634		)	69,079
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(8,081		)	(8,080		)	(8,081		)	16,161			(8,081		)
New Zealand joint venture cash flow hedges	(1,998		)	(1,998		)	(1,998		)	3,996			(1,998		)
Gain from pension and postretirement plans, net of income tax	3,401			3,401			2,579			(5,980		)	3,401
Total other comprehensive loss	(6,678		)	(6,677		)	(7,500		)	14,177			(6,678		)
COMPREHENSIVE INCOME (LOSS)	$	62,401		$	63,975		$	70,482		$	(134,457	)	$	62,401



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	802,796		$	—		$	802,796
Costs and Expenses
Cost of sales	—			—			563,716			—			563,716
Selling and general expenses	—			5,081			27,947			—			33,028
Other operating (income) expense, net	(1,701		)	449			(1,299		)	(661		)	(3,212		)
	(1,701		)	5,530			590,364			(661		)	593,532
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(5,530		)	212,994			661			209,826
Gain on consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(5,530		)	229,092			661			225,924
Interest (expense) income	(6,689		)	(14,133		)	3,086			—			(17,736		)
Interest and miscellaneous income (expense), net	4,178			85			(1,607		)	—			2,656
Equity in income from subsidiaries	235,774			249,630			—			(485,404		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	234,964			230,052			230,571			(484,743		)	210,844
Income tax benefit (expense)	(65		)	5,722			(25,418		)	66			(19,695		)
INCOME FROM CONTINUING OPERATIONS	234,899			235,774			205,153			(484,677		)	191,149
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			44,477			—			44,477
NET INCOME	234,899			235,774			249,630			(484,677		)	235,626
Net income attributable to noncontrolling interest	—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	234,899			235,774			248,903			(484,677		)	234,899
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(17,650		)	(27,226		)	(17,650		)	35,300			(27,226		)
New Zealand joint venture cash flow hedges	1,431			775			1,431			(2,862		)	775
Gain from pension and postretirement plans, net of income tax	8,687			8,687			6,831			(15,518		)	8,687
Total other comprehensive income	(7,532		)	(17,764		)	(9,388		)	16,920			(17,764		)
COMPREHENSIVE INCOME	227,367			218,010			240,242			(467,757		)	217,862
Comprehensive loss attributable to noncontrolling interest	—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	227,367		$	218,010		$	249,747		$	(467,757	)	$	227,367



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	684,667		$	—		$	684,667
Costs and Expenses
Cost of sales	—			—			479,279			—			479,279
Selling and general expenses	—			5,215			29,942			—			35,157
Other operating expense (income), net	—			12			(6,445		)	—			(6,433		)
	—			5,227			502,776			—			508,003
Equity in income of New Zealand joint venture	—			—			184			—			184
OPERATING (LOSS) INCOME	—			(5,227		)	182,075			—			176,848
Interest expense	(4,366		)	(20,919		)	(2,595		)	—			(27,880		)
Interest and miscellaneous income (expense), net	3,455			944			(4,339		)	—			60
Equity in income from subsidiaries	123,426			140,688			—			(264,114		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	122,515			115,486			175,141			(264,114		)	149,028
Income tax benefit (expense)	—			7,940			(38,278		)	—			(30,338		)
INCOME FROM CONTINUING OPERATIONS	122,515			123,426			136,863			(264,114		)	118,690
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			3,825			—			3,825
NET INCOME	122,515			123,426			140,688			(264,114		)	122,515
OTHER COMPREHENSIVE INCOME										—
Foreign currency translation adjustment	(2,255		)	(2,255		)	(2,255		)	4,510			(2,255		)
New Zealand joint venture cash flow hedges	(793		)	(793		)	(793		)	1,586			(793		)
Gain from pension and postretirement plans, net of income tax	6,541			6,541			4,959			(11,500		)	6,541
Total other comprehensive income	3,493			3,493			1,911			(5,404		)	3,493
COMPREHENSIVE INCOME	$	126,008		$	126,919		$	142,599		$	(269,518	)	$	126,008



	CONDENSED CONSOLIDATING BALANCE SHEETS As of June 30, 2013
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	170,442	$	33,239	$	139,900	$	—		$	343,581
Accounts receivable, less allowance for doubtful accounts	—		907		115,631		—			116,538
Inventory	—		—		99,091		—			99,091
Deferred tax asset	—		—		55,563		—			55,563
Prepaid and other current assets	—		2,775		64,669		—			67,444
Total current assets	170,442		36,921		474,854		—			682,217
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,080,611		—			2,080,611
NET PROPERTY, PLANT AND EQUIPMENT	—		2,217		850,215		—			852,432
INVESTMENT IN JOINT VENTURE	—		—		—		—			—
INVESTMENT IN SUBSIDIARIES	1,575,156		2,627,483		—		(4,202,639		)	—
INTERCOMPANY NOTES RECEIVABLE	217,073		20,166		—		(237,239		)	—
OTHER ASSETS	3,928		34,684		174,179		—			212,791
TOTAL ASSETS	$	1,966,599	$	2,721,471	$	3,579,859	$	(4,439,878	)	$	3,828,051
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,634	$	131,621	$	—		$	133,255
Current maturities of long-term debt	75,000		—		463		—			75,463
Accrued taxes	—		2,603		17,555		—			20,158
Accrued payroll and benefits	—		10,689		9,800		—			20,489
Accrued interest	3,060		4,291		2,484		—			9,835
Accrued customer incentives	—		—		10,743		—			10,743
Other current liabilities	—		3,189		48,653		—			51,842
Current liabilities for dispositions and discontinued operations	—		—		8,686		—			8,686
Total current liabilities	78,060		22,406		230,005		—			330,471
LONG-TERM DEBT	325,000		979,511		287,323		—			1,591,834
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		69,442		—			69,442
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		130,244		28,350		—			158,594
OTHER NON-CURRENT LIABILITIES	—		13,989		13,601		—			27,590
INTERCOMPANY PAYABLE	—		165		265,823		(265,988		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		2,598,734		(4,173,890		)	1,563,539
Noncontrolling interest	—		—		86,581		—			86,581
TOTAL SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		2,685,315		(4,173,890		)	1,650,120
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,966,599	$	2,721,471	$	3,579,859	$	(4,439,878	)	$	3,828,051



	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
Deferred tax assets	—		—		15,845		—			15,845
Prepaid and other current assets	—		2,257		39,251		—			41,508
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 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 STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	248,552		$	247,599		$	212,977		$	(473,456	)	$	235,672
INVESTING ACTIVITIES
Capital expenditures	—			(89		)	(94,037		)	—			(94,126		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			(10,447		)	—			(10,447		)
Intercompany purchase of real estate	—			—			984			(984		)	—
Jesup mill cellulose specialties expansion	—			—			(100,185		)	—			(100,185		)
Proceeds from the disposition of Wood Products business	—			—			72,953			—			72,953
Change in restricted cash	—			—			7,603			—			7,603
Investment in Subsidiaries	(138,178		)	(387,659		)	—			525,837			—
Other	—			1,700			18,376			—			20,076
CASH (USED FOR) INVESTING ACTIVITIES	(138,178		)	(386,048		)	(244,632		)	524,853			(244,005		)
FINANCING ACTIVITIES
Issuance of debt	175,000			280,000			—			—			455,000
Repayment of debt	(250,000		)	(23,087		)	—			—			(273,087		)
Dividends paid	(113,222		)	—			—			—			(113,222		)
Proceeds from the issuance of common shares	6,643			—			—			—			6,643
Excess tax benefits on stock-based compensation	—			—			7,399			—			7,399
Debt issuance costs	—			—			—			—			—
Repurchase of common shares	(11,241		)	—			—			—			(11,241		)
Issuance of intercompany notes	—			—			—			—			—
Intercompany distributions	—			(108,549		)	159,946			(51,397		)	—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(192,820		)	148,364			167,345			(51,397		)	71,492
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(174		)	—			(174		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(82,446		)	9,915			135,516			—			62,985
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of period	$	170,442		$	33,239		$	139,900		$	—		$	343,581



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	3,173		$	54,346		$	181,124		$	(29,767	)	$	208,876
INVESTING ACTIVITIES
Capital expenditures	—			(165		)	(76,081		)	—			(76,246		)
Purchase of timberlands	—			—			(8,687		)	—			(8,687		)
Jesup mill cellulose specialties expansion	—			—			(63,998		)	—			(63,998		)
Change in restricted cash	—			—			(14,427		)	—			(14,427		)
Investment in Subsidiaries	(5,181		)	(39,436		)	—			44,617			—
Other	—			(69		)	(635		)	—			(704		)
CASH (USED FOR) INVESTING ACTIVITIES	(5,181		)	(39,670		)	(163,828		)	44,617			(164,062		)
FINANCING ACTIVITIES
Issuance of debt	325,000			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(53,110		)	(15,000		)	—			(188,110		)
Dividends paid	(98,201		)	—			—			—			(98,201		)
Proceeds from the issuance of common shares	3,980			—			—			—			3,980
Excess tax benefits on stock-based compensation	—			—			4,234			—			4,234
Debt issuance costs	(3,653		)	—			—			—			(3,653		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Intercompany distributions	—			5,181			9,669			(14,850		)	—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	99,343			(32,929		)	13,903			(14,850		)	65,467
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			219			—			219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	97,335			(18,253		)	31,418			—			110,500
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of period	$	97,335		$	50,700		$	41,068		$	—		$	189,103

Significant Accounting Policies (Policies)	6 Months Ended
Significant Accounting Policies (Policies)	Jun. 30, 2013
Derivative [Line Items]
Comparability of Prior Year Financial Data, Policy [Policy Text Block]	Certain 2012 amounts have been reclassified to agree with the current year presentation.
New Accounting Pronouncements, Policy [Policy Text Block]	New Accounting Standards In December 2011, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2011-11, Disclosures about Offsetting Assets and Liabilities. The standard requires enhanced disclosures about assets and liabilities that are subject to a master netting agreement or when the right of offset exists. In January 2013, the FASB issued ASU No. 2013-01, Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities. This pronouncement limits the scope of ASU No. 2011-1. The standards’ disclosure requirements are retrospective and were effective beginning in first quarter 2013. See Note 9 — Derivative Financial Instruments and Hedging Activities for the disclosures required under this guidance. In February 2013, the FASB issued ASU 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. See Note 17 — Accumulated Other Comprehensive Loss for the disclosures required under this guidance. In March 2013, the FASB issued ASU No. 2013-05, Parent’s Accounting for the Cumulative Translation Adjustment upon Derecognition of Certain Subsidiaries or Groups of Assets within a Foreign Entity or of an Investment in a Foreign Entity. This standard requires a parent entity to release a related foreign entity’s cumulative translation adjustment into net income only if its sale or transfer results in the complete or substantially complete liquidation of the foreign entity in which the subsidiary or group of assets had resided. The cumulative translation adjustment should be released into net income if the transaction results in the loss of a controlling financial interest in a foreign entity or results in an acquirer obtaining control of an acquiree in which it held an equity interest immediately before the acquisition date. ASU No. 2013-05 will be effective for first quarter 2014. The Company does not expect that the adoption of this standard will have a material impact on the consolidated financial statements.
Equity Method Investments, Policy [Policy Text Block]	The Company’s operating results for the three and six months ended June 30, 2013 reflect 26 percent of the JV’s income prior to the acquisition date, as reported in “Equity in income of New Zealand joint venture” in the Consolidated Statements of Income and Comprehensive Income.
Consolidation of Joint Venture [Policy Text Block]	100 percent of the results of its operations subsequent to April 4, 2013 have been included in the Company’s consolidated financial statements, along with 100 percent of the JV’s assets and liabilities at June 30, 2013. The portions of the consolidated financial position and results of operations attributable to the JV’s 35 percent noncontrolling interest are also shown separately. 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.
Segment Reporting, Policy [Policy Text Block]	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.
Derivatives, Policy [Policy Text Block]	Accounting for derivative financial instruments is governed by ASC Topic 815, “Derivatives and Hedging,” (“ASC 815”). In accordance with ASC 815, the Company records its derivatives instruments at fair value as either assets or liabilities in the Consolidated Balance Sheets. Changes in the instruments’ fair value are accounted for based on their intended use. Gains and losses on derivatives that are designated and qualify for cash flow hedge accounting are recorded as a component of accumulated other comprehensive income (“AOCI”) and reclassified into earnings when the hedged transaction materializes. The ineffective portion of any hedge as well as changes in the fair value of derivatives not designated as hedging instruments and those which are no longer effective as hedging instruments, are recognized immediately in earnings.
Fair Value of Financial Instruments [Policy Text Block]	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. The variable rate debt adjusts with changes in the market rate, therefore the carrying value approximates fair value. Interest rate swap agreements — The fair value of interest rate contracts is determined by discounting the expected future cash flows, for each instrument, at prevailing interest rates. Foreign currency exchange contracts — The fair value of foreign currency exchange contracts is determined by a mark-to-market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate. Foreign currency option contracts — The fair value of foreign currency options contracts is based on a mark-to-market calculation using the Black-Scholes option pricing model. Fuel contracts — The fair value of diesel fuel contracts is determined by a mark-to-market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract.
Derivatives, Offsetting Fair Value Amounts, Policy [Policy Text Block]	Derivative financial instruments are presented at their gross fair values in the Consolidated Balance Sheets. The Company’s derivative financial instruments are not subject to master netting arrangements which would allow the right of offset.
Foreign Exchange Contract [Member]
Derivative [Line Items]
Fair Value of Financial Instruments [Policy Text Block]	The fair value of foreign currency exchange contracts is determined by a mark to market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate.The fair value of foreign currency option contracts is based on a mark to market calculation using the Black Scholes option pricing model.
Commodity Contract [Member]
Derivative [Line Items]
Fair Value of Financial Instruments [Policy Text Block]	The fair value of the fuel swap contracts is determined by a mark to market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract.

Sale of Wood Products Business (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

The major classes of Wood Products assets and liabilities included in the sale were as follows:



	March 1, 2013
Accounts receivable, net	$	4,127
Inventory	4,270
Prepaid and other current assets	2,053
Property, plant and equipment, net	9,990
Total assets	$	20,440

Total liabilities	$	596

Prior to the Wood Products sale, saw timber procurement services for and wood chip purchases from the lumber mills were intercompany transactions eliminated in consolidation as follows:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Wood chip purchases	$	—	$	3,003	$	1,650	$	6,237
Saw timber procurement services	—		287		223		574
Total intercompany	$	—	$	3,290	$	1,873	$	6,811



	Three Months Ended June 30,					Six Months Ended June 30,
	2013		2012			2013			2012
Sales	$	—	$	23,830		$	16,968		$	43,039
Cost of sales and other	—		(19,337		)	(14,258		)	(37,287		)
Gain on sale of discontinued operations	—		—			64,040			—
Income from discontinued operations before income taxes	—		4,493			66,750			5,752
Income tax expense	—		(1,505		)	(22,273		)	(1,927		)
Income from discontinued operations, net	$	—	$	2,988		$	44,477		$	3,825

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References + Details

Earnings Per Common Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

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

The following table provides details of the calculations of basic and diluted earnings per common share:



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Income from continuing operations	$	87,891	$	66,091	$	191,149	$	118,690
Income from continuing operations attributable to noncontrolling interest	727		—		727		—
Income from continuing operations attributable to Rayonier Inc.	$	87,164	$	66,091	$	190,422	$	118,690

Income from discontinued operations attributable to Rayonier Inc.	$	—	$	2,988	$	44,477	$	3,825

Net income attributable to Rayonier Inc.	$	87,164	$	69,079	$	234,899	$	122,515

Shares used for determining basic earnings per common share	126,027,297		122,455,464		125,257,876		122,403,388
Dilutive effect of:
Stock options	504,321		669,298		519,014		692,622
Performance and restricted shares	386,228		726,368		384,910		727,968
Assumed conversion of Senior Exchangeable Notes (a)	2,217,058		2,669,808		2,173,658		2,830,382
Assumed conversion of warrants (a) (b)	1,632,345		890,189		2,250,361		1,077,217
Shares used for determining diluted earnings per common share	130,767,249		127,411,127		130,585,819		127,731,577
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.69	$	0.54	$	1.52	$	0.97
Discontinued operations	—		0.02		0.36		0.03
Net income	$	0.69	$	0.56	$	1.88	$	1.00
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.67	$	0.52	$	1.46	$	0.93
Discontinued operations	—		0.02		0.34		0.03
Net income	$	0.67	$	0.54	$	1.80	$	0.96

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



	Three Months Ended June 30,		Six Months Ended June 30,
	2013	2012	2013	2012
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	199,245	318,666	207,097	326,777
Assumed conversion of exchangeable note hedges (a)	2,217,058	2,669,808	2,173,658	2,830,382
Total	2,416,303	2,988,474	2,380,755	3,157,159

Income Taxes (Tables)

6 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

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

The table below reconciles the U.S. statutory rate to the Company’s effective tax rate for each period presented (in millions of dollars):



	Three Months Ended June 30,
	2013					2012
Income tax expense at federal statutory rate	$	36		35.0	%	$	27		35.0	%
REIT income not subject to tax	(15		)	(14.3	)	(6		)	(8.7	)
Income tax expense before discrete items	21			20.7	%	21			26.3	%
Exchange of AFMC for CBPC	—			—		(9		)	(10.9	)
Other	(6		)	(5.9	)	—			—
Income tax expense as reported	$	15		14.8	%	$	12		15.4	%



	Six Months Ended June 30,
	2013					2012
Income tax expense at federal statutory rate	$	74		35.0	%	$	52		35.0	%
REIT income not subject to tax	(26		)	(12.4	)	(12		)	(8.1	)
Other	(2		)	(0.7	)	(1		)	(0.5	)
Income tax expense before discrete items	46			21.9	%	39			26.4	%
Exchange of AFMC for CBPC	(19		)	(8.9	)	(9		)	(6.0	)
Gain related to consolidation of New Zealand joint venture	(5		)	(2.7	)	—			—
Other	(2		)	(1.0	)	—			—
Income tax expense as reported	$	20		9.3	%	$	30		20.4	%

Joint Venture Investment (Tables)

6 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

Schedule of Purchase Price Allocation [Table Text Block]

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed at the acquisition date:



	April 4, 2013
Accounts receivable, net	$	9,777
Inventory	2,465
Other current assets	6,767
Timber and timberlands, net	545,287
Other assets	25,436
Total identifiable assets acquired	589,732
Accounts payable	11,679
Current maturities of long-term debt	3,843
Accrued interest	2,038
Other current liabilities	3,624
Long-term debt (third party)	196,319
Long-term debt (shareholders) (a)	125,532
Other non-current liabilities	13,565
Total liabilities assumed	356,600
Net identifiable assets	233,132
Less: Fair value of equity method investment	(93,253		)
Purchase price	$	139,879

Business Acquisition, Pro Forma Information [Table Text Block]

The amounts of revenue and earnings of the JV included in the Company’s Consolidated Statements of Income and Comprehensive Income from the acquisition date to the period ended June 30, 2013 are as follows:



	Revenue and earnings from April 4, 2013 to June 30, 2013
Sales	$	47,426
Net Income	2,076



	Three Months Ended June 30,				Six Months Ended June 30,
	2013		2012		2013		2012
Sales	$	409,077	$	399,228	$	837,322	$	778,810
Net Income	$	87,891	$	67,376	$	233,867	$	118,730

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Shareholders' Equity (Tables)

6 Months Ended

Jun. 30, 2013

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity [Table Text Block]

An analysis of shareholders’ equity for the six months ended June 30, 2013 and the year ended December 31, 2012 is shown below (share amounts not in thousands):



	Rayonier Inc. Shareholders
	Common Shares					Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Total Shareholders’ Equity
	Shares		Amount			Retained Earnings			Accumulated Other Comprehensive Income/(Loss)			Non-controlling Interest			Total Shareholders’ Equity
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
Acquisition of noncontrolling interest	—		—			—			—			96,086			96,086
Net income	—		—			234,899			—			727			235,626
Dividends ($0.88 per share)	—		—			(110,886		)	—			—			(110,886		)
Issuance of shares under incentive stock plans	861,838		6,643			—			—			—			6,643
Stock-based compensation	—		6,253			—			—			—			6,253
Excess tax benefit on stock-based compensation	—		7,399			—			—			—			7,399
Repurchase of common shares	(209,743	)	(11,241		)	—			—			—			(11,241		)
Settlement of warrants (Note 16)	2,135,221		—			—			—			—			—
Amortization of pension and postretirement plans	—		—			—			8,687			—			8,687
Foreign currency translation adjustment	—		—			—			(17,650		)	(9,576		)	(27,226		)
Joint venture cash flow hedges	—		—			—			1,431			(656		)	775
Balance, June 30, 2013	126,119,760		$	679,803		$	1,000,647		$	(116,911	)	$	86,581		$	1,650,120

Segment and Geographical Information (Tables)

6 Months Ended

Jun. 30, 2013

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

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

Total assets, sales, operating income (loss) and depreciation, depletion and amortization by segment including Corporate were as follows:



	June 30,		December 31,
ASSETS	2013		2012
Forest Resources	$	2,275,145	$	1,690,030
Real Estate	85,018		112,647
Performance Fibers	1,067,673		902,309
Wood Products (a)	—		18,454
Other Operations	31,045		23,296
Corporate and other	369,170		376,215
Total	$	3,828,051	$	3,122,951


(a)	The Company sold its Wood Products segment during the first quarter of 2013. See Note 2 — Sale of Wood Products Business for additional information.



	Three Months Ended June 30,						Six Months Ended June 30,
SALES	2013			2012			2013			2012
Forest Resources	$	109,060		$	52,663		$	166,162		$	104,858
Real Estate	13,376			11,680			37,673			24,326
Performance Fibers	253,025			254,509			537,213			505,364
Other Operations	33,872			29,268			62,099			50,409
Intersegment Eliminations (b)	(256		)	(24		)	(351		)	(290		)
Total	$	409,077		$	348,096		$	802,796		$	684,667


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



	Three Months Ended June 30,					Six Months Ended June 30,
OPERATING INCOME(LOSS)	2013		2012			2013			2012
Forest Resources	$	20,890	$	8,249		$	34,145		$	16,254
Real Estate	6,105		5,999			22,947			12,477
Performance Fibers	79,081		83,727			170,751			164,357
Other Operations	1,779		1,148			1,944			218
Corporate and other (c)	2,706		(5,025		)	(3,863		)	(16,458		)
Total	$	110,561	$	94,098		$	225,924		$	176,848


(c)	The three and six months ended June 30, 2013 includes a $16.1 million gain related to the consolidation of the New Zealand JV. See Note 6 — Joint Venture Investment.



	Three Months Ended June 30,				Six Months Ended June 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2013		2012		2013		2012
Forest Resources	$	27,291	$	17,066	$	43,735	$	33,900
Real Estate	2,469		1,600		6,646		3,445
Performance Fibers	13,649		15,139		28,802		26,500
Corporate and other	258		374		476		747
Total	$	43,667	$	34,179	$	79,659	$	64,592

- Definition

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.

+ References + Details

Derivative Financial Instruments and Hedging Activities (Tables)

6 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the second quarter and six months ended June 30, 2013:



		June 30, 2013
	Income Statement Location	Three Months Ended			Six Months Ended
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive income/(loss) (a)	$	(1,509	)	$	(1,509	)
Foreign currency option contracts	Other comprehensive income/(loss) (a)	(363		)	(363		)

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating (expense) income	(456		)	1,426
Foreign currency option contracts	Other operating (expense) income	(1,491		)	(1,491		)
Interest rate swaps	Interest and other miscellaneous income	2,650			2,650
Fuel hedges	Cost of sales - benefit	148			148


(a)	See Note 17 — Accumulated Other Comprehensive Loss.

Schedule of Notional Amounts of Outstanding Derivative Positions [Table Text Block]

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheet at June 30, 2013:



	June 30, 2013
	Notional Amount (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	19,000
Foreign currency option contracts	26,000

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	7,020
Foreign currency option contracts	30,000
Interest rate swaps	172,497
Fuel contracts	40

(a) All notional amounts are stated in dollars except fuel contracts which are denominated in thousands of barrels.

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheet at June 30, 2013:



	June 30, 2013
	Location on Balance Sheet	Fair Value Assets (Liabilities) (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current liabilities	(891		)
Foreign currency option contracts	Other current liabilities	(363		)

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other current liabilities	(174		)
Foreign currency option contracts	Other current liabilities	(352		)
Interest rate swaps	Other current liabilities	(2,843		)
	Other non-current liabilities	(6,443		)
Fuel contracts	Other assets	69

Total derivative contracts:
Other assets		69
Total derivative assets		$	69

Other current liabilities		(4,623		)
Other non-current liabilities		(6,443		)
Total derivative liabilities		$	(11,066	)


(a)	See Note 10 — Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.

- Definition

Tabular disclosure of the location and amount of gains and losses reported in the statement of financial performance, or when applicable, the statement of financial position. For example, (a) gains and losses recognized in the income statement on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges and (b) gains and losses initially recognized in other comprehensive income on derivative instruments designated and qualifying as cash flow hedges.

+ References + Details

Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

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



	June 30, 2013								December 31, 2012
Asset (liability)	Carrying Amount			Fair Value					Carrying Amount			Fair Value
				Level 1		Level 2						Level 1		Level 2
Cash and cash equivalents	$	343,581		$	343,581	$	—		$	280,596		$	280,596	$	—
Restricted cash (a)	2,956			2,956		—			10,559			10,559		—
Current maturities of long-term debt	(75,463		)	—		(75,463		)	(150,000		)	—		(150,000		)
Long-term debt	(1,591,834		)	—		(1,718,249		)	(1,120,052		)	—		(1,250,341		)
Interest rate swaps (b)	(9,286		)	—		(9,286		)	—			—		—
Foreign currency exchange contracts (b)	(1,065		)	—		(1,065		)	—			—		—
Foreign currency option contracts (b)	(716		)	—		(716		)	—			—		—
Fuel contracts (b)	69			—		69			—			—		—


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


(b)	See Note 9 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.

- Definition

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).

+ References + Details

Guarantees (Tables)

6 Months Ended

Jun. 30, 2013

Guarantees [Abstract]

Schedule of Guarantor Obligations [Table Text Block]

The Company provides financial guarantees as required by creditors, insurance programs, and various governmental agencies. As of June 30, 2013, the following financial guarantees were outstanding:



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)	$	18,205	$	15,000
Guarantees (b)	2,254		43
Surety bonds (c)	7,231		1,360
Total financial commitments	$	27,690	$	16,403


(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 2014 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.

- Definition

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.

+ References + Details

Commitments (Tables)

6 Months Ended

Jun. 30, 2013

Leases [Abstract]

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

The following table shows the increase in the Company’s commitments, as of June 30, 2013, as a result of the JV acquisition:



	Forestry Rights (a)		Forest Leases (b)
Remaining 2013	$	884	$	541
2014	1,528		1,075
2015	1,528		1,075
2016	1,528		1,075
2017	1,528		1,075
Thereafter	39,757		53,889
	$	46,753	$	58,730

Liabilities for Dispositions and Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2013

Liabilities of Disposal Group, Including Discontinued Operation [Abstract]

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

An analysis of the liabilities for dispositions and discontinued operations follows:



	June 30,			December 31,
	2013			2012
Balance, beginning of period	$	81,695		$	90,824
Expenditures charged to liabilities	(4,015		)	(9,926		)
Increase to liabilities	448			797
Balance, end of period	78,128			81,695
Less: Current portion	(8,686		)	(8,105		)
Non-current portion	$	69,442		$	73,590

Employee Benefit Plans (Tables)

6 Months Ended

Jun. 30, 2013

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

Schedule of Net Benefit Costs [Table Text Block]

The net pension and postretirement benefit costs that have been recognized during the stated periods are shown in the following tables:



	Pension						Postretirement
	Three Months Ended June 30,						Three Months Ended June 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	2,011		$	2,102		$	249	$	227
Interest cost	3,953			4,321			240		242
Expected return on plan assets	(5,966		)	(6,369		)	—		—
Amortization of prior service cost	322			327			6		6
Amortization of losses	4,791			4,394			218		156
Net periodic benefit cost	$	5,111		$	4,775		$	713	$	631



	Pension						Postretirement
	Six Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	4,430		$	4,042		$	498	$	437
Interest cost	8,787			8,309			480		465
Expected return on plan assets	(13,390		)	(12,248		)	—		—
Amortization of prior service cost	710			629			13		12
Amortization of losses	10,516			8,451			436		299
Net periodic benefit cost	$	11,053		$	9,183		$	1,427	$	1,213

Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Instrument [Line Items]

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

The JV’s debt consisted of the following at June 30, 2013:



	June 30, 2013
Senior Secured Facilities Agreement
Revolving Credit Facility due 2014 at variable interest rate of 3.61%	$	123,488
Revolving Credit Facility due 2016 at variable interest rate of 3.76%	57,885
Working Capital Facility due 2013 at variable interest rate of 3.94%	463

Noncontrolling interest shareholder loan at a 0% interest rate	29,571

Total debt	211,407
Less: Current maturities of long-term debt	(463		)
Long-term debt	$	210,944

- Definition

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.

+ References

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

+ Details

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Jun. 30, 2013

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

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

Accumulated Other Comprehensive Loss was comprised of the following:



	Foreign currency translation gains				New Zealand joint venture cash flow hedges			Unrecognized components of employee benefit plans, net of tax				Total
Balance as of December 31, 2012	$	38,829			$	(3,628	)	$	(144,580	)		$	(109,379	)
Other comprehensive income before reclassifications	(17,650		)	(a)	(728		)	530				(17,848		)
Amounts reclassified from accumulated other comprehensive income	—				2,159			8,157			(b)	10,316
Net other comprehensive income	(17,650		)		1,431			8,687				(7,532		)
Balance as of June 30, 2013	$	21,179			$	(2,197	)	$	(135,893	)		$	(116,911	)


(a)	The loss is due to a six cent decrease in the New Zealand dollar exchange rate.


(b)	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 15 — Employee Benefit Plans for additional information.

The following table presents details of the amounts reclassified in their entirety from AOCI for the six-month period ended June 30, 2012:

Other Operating Income, Net (Tables)

6 Months Ended

Jun. 30, 2013

Other Operating Income, Net [Abstract]

Interest and Other Income [Table Text Block]

Other operating (expense) income, net was comprised of the following:



	Three Months Ended June 30,						Six Months Ended June 30,
	2013			2012			2013			2012
Lease income, primarily from hunting leases	$	2,313		$	2,520		$	4,774		$	4,905
Other non-timber income	604			1,048			1,078			1,891
Foreign currency gain (loss)	979			680			795			(185		)
Loss on sale or disposal of property, plant & equipment	(269		)	(711		)	(698		)	(1,732		)
Insurance recoveries	—			2,319			—			2,319
Loss on foreign currency contracts	(1,947		)	—			(65		)	—
Legal and corporate development costs	(1,971		)	(561		)	(2,672		)	(765		)
Total	$	(291	)	$	5,295		$	3,212		$	6,433

Consolidating Financial Statements (Tables)

6 Months Ended

Jun. 30, 2013

Senior Exchangeable Notes due 2015 [Member] [Domain]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consolidating Statement of Income and Comprehensive Income [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	409,077		$	—		$	409,077
Costs and Expenses
Cost of sales	—			—			—			297,698			—			297,698
Selling and general expenses	—			2,680			—			14,249			—			16,929
Other operating expense (income), net	180			(74		)	—			846			(661		)	291
	180			2,606			—			312,793			(661		)	314,918
Equity in income of New Zealand joint venture	—			—			—			304			—			304
OPERATING (LOSS) INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	(180		)	(2,606		)	—			96,588			661			94,463
Gain related to consolidation of New Zealand joint venture	—			—			—			16,098			—			16,098
OPERATING (LOSS) INCOME	(180		)	(2,606		)	—			112,686			661			110,561
Interest (expense) income	(3,414		)	(266		)	(6,997		)	658			—			(10,019		)
Interest and miscellaneous income (expense), net	1,759			1,104			(797		)	532			—			2,598
Equity in income from subsidiaries	89,064			91,235			35,968			—			(216,267		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	87,229			89,467			28,174			113,876			(215,606		)	103,140
Income tax (expense) benefit	(65		)	(403		)	2,847			(17,691		)	63			(15,249		)
INCOME FROM CONTINUING OPERATIONS	87,164			89,064			31,021			96,185			(215,543		)	87,891
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			—			—			—
NET INCOME	87,164			89,064			31,021			96,185			(215,543		)	87,891
Net income attributable to noncontrolling interest	—			—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC	87,164			89,064			31,021			95,458			(215,543		)	87,164
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(18,625		)	(28,201		)	(1,725		)	(18,625		)	38,975			(28,201		)
New Zealand joint venture cash flow hedges	878			222			(1,873		)	877			118			222
Amortization of pension and postretirement plans, net of income tax	3,717			3,717			2,819			6,831			(13,367		)	3,717
Total other comprehensive loss	(14,030		)	(24,262		)	(779		)	(10,917		)	25,726			(24,262		)
COMPREHENSIVE INCOME	73,134			64,802			30,242			85,268			(189,817		)	63,629
Comprehensive loss attributable to noncontrolling interest	—			—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	73,134		$	64,802		$	30,242		$	94,773		$	(189,817	)	$	73,134



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	348,096		$	—		$	348,096
Costs and Expenses
Cost of sales	—			—			—			243,571			—			243,571
Selling and general expenses	—			1,904			—			13,988			—			15,892
Other operating income, net	—			(109		)	—			(5,186		)	—			(5,295		)
	—			1,795			—			252,373			—			254,168
Equity in income of New Zealand joint venture	—			—			—			170			—			170
OPERATING (LOSS) INCOME	—			(1,795		)	—			95,893			—			94,098
Interest expense	(3,117		)	(212		)	(10,243		)	(2,484		)	—			(16,056		)
Interest and miscellaneous income (expense), net	1,544			1,659			(834		)	(2,285		)	—			84
Equity in income from subsidiaries	70,652			70,948			60,407			—			(202,007		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	69,079			70,600			49,330			91,124			(202,007		)	78,126
Income tax benefit (expense)	—			52			4,043			(16,130		)	—			(12,035		)
INCOME FROM CONTINUING OPERATIONS	69,079			70,652			53,373			74,994			(202,007		)	66,091
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			2,988			—			2,988
NET INCOME	69,079			70,652			53,373			77,982			(202,007		)	69,079
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(8,081		)	(8,081		)	478			(8,081		)	15,684			(8,081		)
New Zealand joint venture cash flow hedges	(1,998		)	(1,998		)	—			(1,998		)	3,996			(1,998		)
Amortization of pension and postretirement plans, net of income tax	3,401			3,401			2,579			2,579			(8,559		)	3,401
Total other comprehensive (loss) income	(6,678		)	(6,678		)	3,057			(7,500		)	11,121			(6,678		)
COMPREHENSIVE INCOME	$	62,401		$	63,974		$	56,430		$	70,482		$	(190,886	)	$	62,401



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	802,796		$	—		$	802,796
Costs and Expenses
Cost of sales	—			—			—			563,716			—			563,716
Selling and general expenses	—			5,081			—			27,947			—			33,028
Other operating (income) expense, net	(1,701		)	449			—			(1,299		)	(661		)	(3,212		)
	(1,701		)	5,530			—			590,364			(661		)	593,532
Equity in income of New Zealand joint venture	—			—			—			562			—			562
OPERATING (LOSS) INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(5,530		)	—			212,994			661			209,826
Gain related to consolidation of New Zealand joint venture	—			—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(5,530		)	—			229,092			661			225,924
Interest expense	(6,689		)	(518		)	(13,615		)	3,086			—			(17,736		)
Interest and miscellaneous income (expense), net	4,178			1,633			(1,548		)	(1,607		)	—			2,656
Equity in income from subsidiaries	235,774			240,000			159,437			—			(635,211		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	234,964			235,585			144,274			230,571			(634,550		)	210,844
Income tax (expense) benefit	(65		)	189			5,537			(25,418		)	62			(19,695		)
INCOME FROM CONTINUING OPERATIONS	234,899			235,774			149,811			205,153			(634,488		)	191,149
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			44,477			—			44,477
NET INCOME	234,899			235,774			149,811			249,630			(634,488		)	235,626
Net income attributable to noncontrolling interest	—			—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC	234,899			235,774			149,811			248,903			(634,488		)	234,899
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(17,650		)	(27,226		)	(1,485		)	(17,650		)	36,785			(27,226		)
New Zealand joint venture cash flow hedges	1,431			775			(1,873		)	1,431			(989		)	775
Amortization of pension and postretirement plans, net of income tax	8,687			8,687			6,831			6,831			(22,349		)	8,687
Total other comprehensive (loss) income	(7,532		)	(17,764		)	3,473			(9,388		)	13,447			(17,764		)
COMPREHENSIVE INCOME	227,367			218,010			153,284			240,242			(621,041		)	217,862
Comprehensive loss attributable to noncontrolling interest	—			—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	227,367		$	218,010		$	153,284		$	249,747		$	(621,041	)	$	227,367



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non-Guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	684,667		$	—		$	684,667
Costs and Expenses
Cost of sales	—			—			—			479,279			—			479,279
Selling and general expenses	—			5,215			—			29,942			—			35,157
Other operating expense (income), net	—			12			—			(6,445		)	—			(6,433		)
	—			5,227			—			502,776			—			508,003
Equity in income of New Zealand joint venture	—			—			—			184			—			184
OPERATING (LOSS) INCOME	—			(5,227		)	—			182,075			—			176,848
Interest expense	(4,366		)	(450		)	(20,469		)	(2,595		)	—			(27,880		)
Interest and miscellaneous income (expense), net	3,455			2,986			(2,042		)	(4,339		)	—			60
Equity in income from subsidiaries	123,426			126,394			106,152			—			(355,972		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	122,515			123,703			83,641			175,141			(355,972		)	149,028
Income tax (expense) benefit	—			(277		)	8,217			(38,278		)	—			(30,338		)
INCOME FROM CONTINUING OPERATIONS	122,515			123,426			91,858			136,863			(355,972		)	118,690
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			3,825			—			3,825
NET INCOME	122,515			123,426			91,858			140,688			(355,972		)	122,515
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(2,255		)	(2,255		)	376			(2,255		)	4,134			(2,255		)
New Zealand joint venture cash flow hedges	(793		)	(793		)	—			(793		)	1,586			(793		)
Amortization of pension and postretirement plans, net of income tax	6,541			6,541			4,959			4,959			(16,459		)	6,541
Total other comprehensive income	3,493			3,493			5,335			1,911			(10,739		)	3,493
COMPREHENSIVE INCOME	$	126,008		$	126,919		$	97,193		$	142,599		$	(366,711	)	$	126,008

Schedule of Condensed Consolidating Balance Sheets [Table Text Block]



	CONDENSED CONSOLIDATING BALANCE SHEETS As of June 30, 2013
	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	$	170,442	$	6,449	$	26,790	$	139,900	$	—		$	343,581
Accounts receivable, less allowance for doubtful accounts	—		15		892		115,631		—			116,538
Inventory	—		—		—		99,091		—			99,091
Deferred tax assets	—		—		—		55,563		—			55,563
Prepaid and other current assets	—		2,136		639		64,669		—			67,444
Total current assets	170,442		8,600		28,321		474,854		—			682,217
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		2,080,611		—			2,080,611
NET PROPERTY, PLANT AND EQUIPMENT	—		2,217		—		850,215		—			852,432
INVESTMENT IN SUBSIDIARIES	1,575,156		1,696,714		1,037,668		—		(4,309,538		)	—
INTERCOMPANY NOTES RECEIVABLE	217,073		—		20,166		—		(237,239		)	—
OTHER ASSETS	3,928		30,171		4,513		174,179		—			212,791
TOTAL ASSETS	$	1,966,599	$	1,737,702	$	1,090,668	$	3,579,859	$	(4,546,777	)	$	3,828,051
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,129	$	505	$	131,621	$	—		$	133,255
Current maturities of long-term debt	75,000		—		—		463		—			75,463
Accrued taxes	—		2,603		—		17,555		—			20,158
Accrued payroll and benefits	—		10,689		—		9,800		—			20,489
Accrued interest	3,060		538		3,753		2,484		—			9,835
Accrued customer incentives	—		—		—		10,743		—			10,743
Other current liabilities	—		3,189		—		48,653		—			51,842
Current liabilities for dispositions and discontinued operations	—		—		—		8,686		—			8,686
Total current liabilities	78,060		18,148		4,258		230,005		—			330,471
LONG-TERM DEBT	325,000		—		979,511		287,323		—			1,591,834
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		69,442		—			69,442
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		130,244		—		28,350		—			158,594
OTHER NON-CURRENT LIABILITIES	—		13,989		—		13,601		—			27,590
INTERCOMPANY PAYABLE	—		165		—		265,823		(265,988		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		106,899		2,598,734		(4,280,789		)	1,563,539
Noncontrolling interest	—		—		—		86,581		—			86,581
TOTAL SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		106,899		2,685,315		(4,280,789		)	1,650,120
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,966,599	$	1,737,702	$	1,090,668	$	3,579,859	$	(4,546,777	)	$	3,828,051



	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
Deferred tax assets	—		—		—		15,845		—			15,845
Prepaid and other current assets	—		1,566		691		39,251		—			41,508
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 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

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



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	248,552		$	247,599		$	64,000		$	212,977		$	(537,456	)	$	235,672
INVESTING ACTIVITIES
Capital expenditures	—			(89		)	—			(94,037		)	—			(94,126		)
Purchase of additional interest in New Zealand joint venture	—			—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			—			(10,447		)	—			(10,447		)
Intercompany purchase of real estate	—			—			—			984			(984		)	—
Jesup mill cellulose specialties expansion	—			—			—			(100,185		)	—			(100,185		)
Proceeds from the disposition of Wood Products business	—			—			—			72,953			—			72,953
Change in restricted cash	—			—			—			7,603			—			7,603
Investment in Subsidiaries	(138,178		)	(138,178		)	(249,481		)	—			525,837			—
Other	—			1,700			—			18,376			—			20,076
CASH (USED FOR) INVESTING ACTIVITIES	(138,178		)	(136,567		)	(249,481		)	(244,632		)	524,853			(244,005		)
FINANCING ACTIVITIES
Issuance of debt	175,000			—			280,000			—			—			455,000
Repayment of debt	(250,000		)	—			(23,087		)	—			—			(273,087		)
Dividends paid	(113,222		)	—			—			—			—			(113,222		)
Proceeds from the issuance of common shares	6,643			—			—			—			—			6,643
Excess tax benefits on stock-based compensation	—			—			—			7,399			—			7,399
Repurchase of common shares	(11,241		)	—			—			—			—			(11,241		)
Intercompany distributions	—			(108,549		)	(64,000		)	159,946			12,603			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(192,820		)	(108,549		)	192,913			167,345			12,603			71,492
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(174		)	—			(174		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(82,446		)	2,483			7,432			135,516			—			62,985
Balance, beginning of year	252,888			3,966			19,358			4,384			—			280,596
Balance, end of period	$	170,442		$	6,449		$	26,790		$	139,900		$	—		$	343,581



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	3,173		$	51,579		$	12,000		$	181,124		$	(39,000	)	$	208,876
INVESTING ACTIVITIES
Capital expenditures	—			(165		)	—			(76,081		)	—			(76,246		)
Purchase of timberlands	—			—			—			(8,687		)	—			(8,687		)
Jesup mill cellulose specialties expansion	—			—			—			(63,998		)	—			(63,998		)
Change in restricted cash	—			—			—			(14,427		)	—			(14,427		)
Investment in Subsidiaries	(5,181		)	—			(39,436		)	—			44,617			—
Other	—			(69		)	—			(635		)	—			(704		)
CASH USED FOR INVESTING ACTIVITIES	(5,181		)	(234		)	(39,436		)	(163,828		)	44,617			(164,062		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(30,000		)	(23,110		)	(15,000		)	—			(188,110		)
Dividends paid	(98,201		)	—			—			—			—			(98,201		)
Proceeds from the issuance of common shares	3,980			—			—			—			—			3,980
Excess tax benefits on stock-based compensation	—			—			—			4,234			—			4,234
Debt issuance costs	(3,653		)	—			—			—			—			(3,653		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Intercompany distributions	—			5,181			(9,233		)	9,669			(5,617		)	—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	99,343			(24,819		)	(17,343		)	13,903			(5,617		)	65,467
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			219			—			219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	97,335			26,526			(44,779		)	31,418			—			110,500
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of period	$	97,335		$	35,503		$	15,197		$	41,068		$	—		$	189,103

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

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consolidating Statement of Income and Comprehensive Income [Table Text Block]



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	409,077		$	—		$	409,077
Costs and Expenses
Cost of sales	—			—			297,698			—			297,698
Selling and general expenses	—			2,680			14,249			—			16,929
Other operating expense (income), net	180			(74		)	846			(661		)	291
	180			2,606			312,793			(661		)	314,918
Equity in income of New Zealand joint venture	—			—			304			—			304
OPERATING (LOSS) INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	(180		)	(2,606		)	96,588			661			94,463
Gain on consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING (LOSS) INCOME	(180		)	(2,606		)	112,686			661			110,561
Interest (expense) income	(3,414		)	(7,263		)	658			—			(10,019		)
Interest and miscellaneous income, net	1,759			307			532			—			2,598
Equity in income from subsidiaries	89,064			96,185			—			(185,249		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	87,229			86,623			113,876			(184,588		)	103,140
Income tax (expense) benefit	(65		)	2,441			(17,691		)	66			(15,249		)
INCOME FROM CONTINUING OPERATIONS	87,164			89,064			96,185			(184,522		)	87,891
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			—			—
NET INCOME	87,164			89,064			96,185			(184,522		)	87,891
Net income attributable to noncontrolling interest	—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	87,164			89,064			95,458			(184,522		)	87,164
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(18,625		)	(28,201		)	(18,625		)	37,250			(28,201		)
New Zealand joint venture cash flow hedges	878			221			877			(1,754		)	222
Amortization of pension and postretirement plans, net of income tax	3,717			3,718			6,831			(10,549		)	3,717
Total other comprehensive loss	(14,030		)	(24,262		)	(10,917		)	24,947			(24,262		)
COMPREHENSIVE INCOME	73,134			64,802			85,268			(159,575		)	63,629
Comprehensive loss attributable to noncontrolling interest	—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	73,134		$	64,802		$	94,773		$	(159,575	)	$	73,134



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended June 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	348,096		$	—		$	348,096
Costs and Expenses
Cost of sales	—			—			243,571			—			243,571
Selling and general expenses	—			1,904			13,988			—			15,892
Other operating income, net	—			(109		)	(5,186		)	—			(5,295		)
	—			1,795			252,373			—			254,168
Equity in income of New Zealand joint venture	—			—			170			—			170
OPERATING (EXPENSE) INCOME	—			(1,795		)	95,893			—			94,098
Interest expense	(3,117		)	(10,455		)	(2,484		)	—			(16,056		)
Interest and miscellaneous income (expense), net	1,544			825			(2,285		)	—			84
Equity in income from subsidiaries	70,652			77,982			—			(148,634		)	—
INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	69,079			66,557			91,124			(148,634		)	78,126
Income tax benefit (expense)	—			4,095			(16,130		)	—			(12,035		)
INCOME (LOSS) FROM CONTINUING OPERATIONS	69,079			70,652			74,994			(148,634		)	66,091
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			2,988			—			2,988
NET INCOME (LOSS)	69,079			70,652			77,982			(148,634		)	69,079
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(8,081		)	(8,080		)	(8,081		)	16,161			(8,081		)
New Zealand joint venture cash flow hedges	(1,998		)	(1,998		)	(1,998		)	3,996			(1,998		)
Gain from pension and postretirement plans, net of income tax	3,401			3,401			2,579			(5,980		)	3,401
Total other comprehensive loss	(6,678		)	(6,677		)	(7,500		)	14,177			(6,678		)
COMPREHENSIVE INCOME (LOSS)	$	62,401		$	63,975		$	70,482		$	(134,457	)	$	62,401



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	802,796		$	—		$	802,796
Costs and Expenses
Cost of sales	—			—			563,716			—			563,716
Selling and general expenses	—			5,081			27,947			—			33,028
Other operating (income) expense, net	(1,701		)	449			(1,299		)	(661		)	(3,212		)
	(1,701		)	5,530			590,364			(661		)	593,532
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(5,530		)	212,994			661			209,826
Gain on consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(5,530		)	229,092			661			225,924
Interest (expense) income	(6,689		)	(14,133		)	3,086			—			(17,736		)
Interest and miscellaneous income (expense), net	4,178			85			(1,607		)	—			2,656
Equity in income from subsidiaries	235,774			249,630			—			(485,404		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	234,964			230,052			230,571			(484,743		)	210,844
Income tax benefit (expense)	(65		)	5,722			(25,418		)	66			(19,695		)
INCOME FROM CONTINUING OPERATIONS	234,899			235,774			205,153			(484,677		)	191,149
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			44,477			—			44,477
NET INCOME	234,899			235,774			249,630			(484,677		)	235,626
Net income attributable to noncontrolling interest	—			—			727			—			727
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	234,899			235,774			248,903			(484,677		)	234,899
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(17,650		)	(27,226		)	(17,650		)	35,300			(27,226		)
New Zealand joint venture cash flow hedges	1,431			775			1,431			(2,862		)	775
Gain from pension and postretirement plans, net of income tax	8,687			8,687			6,831			(15,518		)	8,687
Total other comprehensive income	(7,532		)	(17,764		)	(9,388		)	16,920			(17,764		)
COMPREHENSIVE INCOME	227,367			218,010			240,242			(467,757		)	217,862
Comprehensive loss attributable to noncontrolling interest	—			—			(9,505		)	—			(9,505		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	227,367		$	218,010		$	249,747		$	(467,757	)	$	227,367



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	684,667		$	—		$	684,667
Costs and Expenses
Cost of sales	—			—			479,279			—			479,279
Selling and general expenses	—			5,215			29,942			—			35,157
Other operating expense (income), net	—			12			(6,445		)	—			(6,433		)
	—			5,227			502,776			—			508,003
Equity in income of New Zealand joint venture	—			—			184			—			184
OPERATING (LOSS) INCOME	—			(5,227		)	182,075			—			176,848
Interest expense	(4,366		)	(20,919		)	(2,595		)	—			(27,880		)
Interest and miscellaneous income (expense), net	3,455			944			(4,339		)	—			60
Equity in income from subsidiaries	123,426			140,688			—			(264,114		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	122,515			115,486			175,141			(264,114		)	149,028
Income tax benefit (expense)	—			7,940			(38,278		)	—			(30,338		)
INCOME FROM CONTINUING OPERATIONS	122,515			123,426			136,863			(264,114		)	118,690
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			3,825			—			3,825
NET INCOME	122,515			123,426			140,688			(264,114		)	122,515
OTHER COMPREHENSIVE INCOME										—
Foreign currency translation adjustment	(2,255		)	(2,255		)	(2,255		)	4,510			(2,255		)
New Zealand joint venture cash flow hedges	(793		)	(793		)	(793		)	1,586			(793		)
Gain from pension and postretirement plans, net of income tax	6,541			6,541			4,959			(11,500		)	6,541
Total other comprehensive income	3,493			3,493			1,911			(5,404		)	3,493
COMPREHENSIVE INCOME	$	126,008		$	126,919		$	142,599		$	(269,518	)	$	126,008

Schedule of Condensed Consolidating Balance Sheets [Table Text Block]



	CONDENSED CONSOLIDATING BALANCE SHEETS As of June 30, 2013
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	170,442	$	33,239	$	139,900	$	—		$	343,581
Accounts receivable, less allowance for doubtful accounts	—		907		115,631		—			116,538
Inventory	—		—		99,091		—			99,091
Deferred tax asset	—		—		55,563		—			55,563
Prepaid and other current assets	—		2,775		64,669		—			67,444
Total current assets	170,442		36,921		474,854		—			682,217
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,080,611		—			2,080,611
NET PROPERTY, PLANT AND EQUIPMENT	—		2,217		850,215		—			852,432
INVESTMENT IN JOINT VENTURE	—		—		—		—			—
INVESTMENT IN SUBSIDIARIES	1,575,156		2,627,483		—		(4,202,639		)	—
INTERCOMPANY NOTES RECEIVABLE	217,073		20,166		—		(237,239		)	—
OTHER ASSETS	3,928		34,684		174,179		—			212,791
TOTAL ASSETS	$	1,966,599	$	2,721,471	$	3,579,859	$	(4,439,878	)	$	3,828,051
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,634	$	131,621	$	—		$	133,255
Current maturities of long-term debt	75,000		—		463		—			75,463
Accrued taxes	—		2,603		17,555		—			20,158
Accrued payroll and benefits	—		10,689		9,800		—			20,489
Accrued interest	3,060		4,291		2,484		—			9,835
Accrued customer incentives	—		—		10,743		—			10,743
Other current liabilities	—		3,189		48,653		—			51,842
Current liabilities for dispositions and discontinued operations	—		—		8,686		—			8,686
Total current liabilities	78,060		22,406		230,005		—			330,471
LONG-TERM DEBT	325,000		979,511		287,323		—			1,591,834
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		69,442		—			69,442
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		130,244		28,350		—			158,594
OTHER NON-CURRENT LIABILITIES	—		13,989		13,601		—			27,590
INTERCOMPANY PAYABLE	—		165		265,823		(265,988		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		2,598,734		(4,173,890		)	1,563,539
Noncontrolling interest	—		—		86,581		—			86,581
TOTAL SHAREHOLDERS’ EQUITY	1,563,539		1,575,156		2,685,315		(4,173,890		)	1,650,120
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,966,599	$	2,721,471	$	3,579,859	$	(4,439,878	)	$	3,828,051



	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
Deferred tax assets	—		—		15,845		—			15,845
Prepaid and other current assets	—		2,257		39,251		—			41,508
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 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

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



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	248,552		$	247,599		$	212,977		$	(473,456	)	$	235,672
INVESTING ACTIVITIES
Capital expenditures	—			(89		)	(94,037		)	—			(94,126		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			(10,447		)	—			(10,447		)
Intercompany purchase of real estate	—			—			984			(984		)	—
Jesup mill cellulose specialties expansion	—			—			(100,185		)	—			(100,185		)
Proceeds from the disposition of Wood Products business	—			—			72,953			—			72,953
Change in restricted cash	—			—			7,603			—			7,603
Investment in Subsidiaries	(138,178		)	(387,659		)	—			525,837			—
Other	—			1,700			18,376			—			20,076
CASH (USED FOR) INVESTING ACTIVITIES	(138,178		)	(386,048		)	(244,632		)	524,853			(244,005		)
FINANCING ACTIVITIES
Issuance of debt	175,000			280,000			—			—			455,000
Repayment of debt	(250,000		)	(23,087		)	—			—			(273,087		)
Dividends paid	(113,222		)	—			—			—			(113,222		)
Proceeds from the issuance of common shares	6,643			—			—			—			6,643
Excess tax benefits on stock-based compensation	—			—			7,399			—			7,399
Debt issuance costs	—			—			—			—			—
Repurchase of common shares	(11,241		)	—			—			—			(11,241		)
Issuance of intercompany notes	—			—			—			—			—
Intercompany distributions	—			(108,549		)	159,946			(51,397		)	—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(192,820		)	148,364			167,345			(51,397		)	71,492
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(174		)	—			(174		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(82,446		)	9,915			135,516			—			62,985
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of period	$	170,442		$	33,239		$	139,900		$	—		$	343,581



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Six Months Ended June 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	3,173		$	54,346		$	181,124		$	(29,767	)	$	208,876
INVESTING ACTIVITIES
Capital expenditures	—			(165		)	(76,081		)	—			(76,246		)
Purchase of timberlands	—			—			(8,687		)	—			(8,687		)
Jesup mill cellulose specialties expansion	—			—			(63,998		)	—			(63,998		)
Change in restricted cash	—			—			(14,427		)	—			(14,427		)
Investment in Subsidiaries	(5,181		)	(39,436		)	—			44,617			—
Other	—			(69		)	(635		)	—			(704		)
CASH (USED FOR) INVESTING ACTIVITIES	(5,181		)	(39,670		)	(163,828		)	44,617			(164,062		)
FINANCING ACTIVITIES
Issuance of debt	325,000			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(53,110		)	(15,000		)	—			(188,110		)
Dividends paid	(98,201		)	—			—			—			(98,201		)
Proceeds from the issuance of common shares	3,980			—			—			—			3,980
Excess tax benefits on stock-based compensation	—			—			4,234			—			4,234
Debt issuance costs	(3,653		)	—			—			—			(3,653		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Intercompany distributions	—			5,181			9,669			(14,850		)	—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	99,343			(32,929		)	13,903			(14,850		)	65,467
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			219			—			219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	97,335			(18,253		)	31,418			—			110,500
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of period	$	97,335		$	50,700		$	41,068		$	—		$	189,103

Basis Of Presentation (Details) - $ / shares	3 Months Ended		6 Months Ended	12 Months Ended
Basis Of Presentation (Details) - $ / shares	Sep. 30, 2013	Jun. 30, 2013	Jun. 30, 2013	Dec. 31, 2012
Subsequent Event [Line Items]
Subsequent Event, Date Evaluated, Description			The Company evaluated events and transactions that occurred after the balance sheet date but before financial statements were issued
Quarterly dividends per share			$ 0.88	$ 1.68
Dividend Declared [Member]
Subsequent Event [Line Items]
Dividends payable, date declared			Jul. 19, 2013
Quarterly dividends per share	$ 0.49	$ 0.44

Sale of Wood Products Business (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Mar. 01, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Description of Proceeds from Divestiture of Business		$80 million plus a working capital adjustment
After-tax gain on gain on disposal				$ 42,670	$ 0
Operating results of discontinued operations
Income tax expense	$ 0		$ (1,505)	(22,273)	(1,927)
Income from discontinued operations, net	0		2,988	$ 44,477	3,825
Wood Products business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Description and Timing of Disposal				On March 1, 2013, Rayonier completed the sale of its Wood Products business (consisting of three lumber mills in Baxley, Swainsboro and Eatonton, Georgia) to International Forest Products Limited (“Interfor”)
Description of Proceeds from Divestiture of Business				$80 million plus a working capital adjustment
Segment that Includes Disposal Group				Wood Products business, formerly reported as a separate operating segment
After-tax gain on gain on disposal				$ 42,670
Operating results of discontinued operations
Sales	0		23,830	16,968	43,039
Cost of sales and other	0		(19,337)	(14,258)	(37,287)
Gain on sale of discontinued operations	0		0	64,040	0
Income from discontinued operations, before income taxes	0		4,493	66,750	5,752
Income tax expense	0		(1,505)	$ (22,273)	(1,927)
Major classes of Wood Products' assets and liabilities included in the sale
Accounts receivable, net						$ 4,127
Inventory						4,270
Prepaid and other current assets						2,053
Property, plant and equipment, net						9,990
Total assets						20,440
Total liabilities						$ 596
Cash Flows of Disposal Group				Cash flows from discontinued operations are immaterial both individually and in the aggregate. As such, they are included with cash flows from continuing operations in the Consolidated Statements of Cash Flows.
Continuation of Activities with Discontinued Operation after Disposal, Description				Pursuant to the purchase and sale agreement, Rayonier will provide Interfor with saw timber procurement services for the three lumber mills through December 31, 2013. Rayonier also contracted with Interfor to purchase wood chips produced at the lumber mills for use at Rayonier’s Jesup mill and market other wood chips produced by the mills to third parties on Interfor’s behalf. The Company will purchase 100 percent of the Baxley mill chips for five years and 25 percent of the Swainsboro mill chips through 2013. The purchase price of these chips will be based on the average price paid by the Company to unrelated third parties.
Wood chip purchases	0		3,003	$ 1,650	6,237
Saw timber procurement services	0		287	223	574
Total intercompany	$ 0		$ 3,290	$ 1,873	$ 6,811

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

3 Months Ended

6 Months Ended

Apr. 02, 2013

Jun. 30, 2013

USD ($)

$ / shares

$ / unit

Mar. 31, 2013

Jun. 30, 2012

USD ($)

$ / shares

Jun. 30, 2013

USD ($)

$ / shares

$ / unit

Jun. 30, 2012

USD ($)

$ / shares

Dec. 31, 2012

USD ($)

Dec. 31, 2011

USD ($)

Income amounts attributable to Rayonier Inc.

Income from continuing operations | $

$ 87,891

$ 66,091

$ 191,149

$ 118,690

Income from continuing operations attributable to noncontrolling interest | $

727

Income from continuing operations attributable to Rayonier Inc. | $

87,164

66,091

190,422

118,690

Income from discontinued operations attributable to Rayonier Inc. | $

2,988

44,477

3,825

NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $

87,164

$ 69,079

234,899

$ 122,515

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest | $

$ 1,650,120

$ 1,438,004

$ 1,323,073

Shares used for determining basic earnings per common share | shares

126,027,297

122,455,464

125,257,876

122,403,388

Dilutive Effect of:

Stock options | shares

504,321

669,298

519,014

692,622

Performance and restricted shares | shares

386,228

726,368

384,910

727,968

Assumed conversion of Senior Exchangeable Notes | shares

^[1]

2,217,058

2,669,808

2,173,658

2,830,382

Assumed conversion of warrants | shares

^[1],[2]

1,632,345

890,189

2,250,361

1,077,217

Shares used for determining diluted earnings per common share | shares

130,767,249

127,411,127

130,585,819

127,731,577

Basic earnings per common share attributable to Rayonier Inc.:

Continuing operations | $ / shares

$ 0.69

$ 0.54

$ 1.52

$ 0.97

Discontinued operations | $ / shares

0.00

0.02

0.36

0.03

Net Income | $ / shares

0.69

0.56

1.88

1.00

Diluted earnings per common share attributable to Rayonier Inc.:

Continuing operations | $ / shares

0.67

0.52

1.46

0.93

Discontinued operations | $ / shares

0.00

0.02

0.34

0.03

Net Income | $ / shares

0.67

0.54

1.80

0.96

Class of Warrant or Right [Line Items]

Average Stock Price | $ / shares

$ 57.15

$ 43.74

$ 56.34

$ 44.40

Warrants on Senior Exchangeable Notes due 2012 [Member]

Class of Warrant or Right [Line Items]

Beginning Date for Maturity of Warrants

Jan. 15, 2013

Ending Date for Maturity of Warrants

Mar. 27, 2013

Shares issued on conversion of warrants | shares

97,918

2,037,303

2,135,221

Warrants on Senior Exchangeable Notes due 2015 [Member]

Class of Warrant or Right [Line Items]

Strike price of warrants | $ / unit

39.35

[1]

The Senior Exchangeable Notes due 2012 (the “2012 Notes”) matured in October 2012; however, no additional shares were issued due to offsetting exchangeable note hedges. Similarly, Rayonier will not issue additional shares upon maturity of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) due to 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 2012 Notes was only included for the three and six months ended June 30, 2012, while the effect of the 2015 Notes was included for all periods presented.The warrants sold in conjunction with the 2012 Notes began maturing on January 15, 2013 and matured ratably through March 27, 2013. As a result, 2,037,303 shares were issued through the end of the first quarter and 97,918 shares were issued in the first week of April. The dilutive impact of these warrants was calculated based on the length of time they were outstanding before settlement. Rayonier will distribute additional shares upon maturity of the warrants for the 2015 Notes if the stock price exceeds $39.35 per share. For information on the potential dilutive impact of the Senior Exchangeable Notes, warrants and exchangeable note hedges, see Note 11 — Debt in the 2012 Annual Report on Form 10-K and Note 16 — Debt of this Form 10-Q.

[2]

The higher shares used for the assumed conversion of the warrants were primarily due to an increase in the average stock price from $43.74 for the three months ended June 30, 2012 to $57.15 for the three months ended June 30, 2013 and from $44.40 for the six months ended June 30, 2012 to $56.34 for the six months ended June 30, 2013. The impact of the higher stock price was partially offset by a decrease in dilutive shares due to the maturity of the warrants on the Notes due 2012.

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

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2013

Jun. 30, 2012

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

Anti-dilutive shares excluded from the computations of diluted earnings per share

2,416,303

2,988,474

2,380,755

3,157,159

Stock options, performance and restricted shares

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

Anti-dilutive shares excluded from the computations of diluted earnings per share

199,245

318,666

207,097

326,777

Assumed conversion of exchangeable note hedges

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

Anti-dilutive shares excluded from the computations of diluted earnings per share

^[1]

2,217,058

2,669,808

2,173,658

2,830,382

[1]

- Definition

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.

+ References

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.

+ Details

Income Taxes AFMC for CBPC exchange (Details) - USD ($)	3 Months Ended			6 Months Ended		12 Months Ended
Income Taxes AFMC for CBPC exchange (Details) - USD ($)	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2009
AFMC for CBPC Exchange [Line Items]
Gallons Exchanged		120000000	60000000
Interest Expense	$ 10,019,000		$ 16,056,000	$ 17,736,000	$ 27,880,000
Exchange of Alternative Fuel Tax Benefit [Member]
AFMC for CBPC Exchange [Line Items]
Income Tax Benefit		$ 19,000,000	9,100,000
Interest Expense			$ 3,400,000
Cellulosic Biofuel Producer Credit [Member]
AFMC for CBPC Exchange [Line Items]
Tax Credit Amount per Gallon						$ 1.01
Alternative Fuel Mixture Credit [Member]
AFMC for CBPC Exchange [Line Items]
Tax Credit Amount per Gallon						$ 0.50

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended			6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Effective Tax Reconciliation [Line Items]
Income tax expense at federal statutory rate	$ 36,000		$ 27,000	$ 74,000	$ 52,000
U.S. federal statutory income tax rate	35.00%		35.00%	35.00%	35.00%
REIT Income Not Subject to Tax	$ (15,000)		$ (6,000)	$ (26,000)	$ (12,000)
REIT Income Not Subject to Tax (Rate)	(14.30%)		(8.70%)	(12.40%)	(8.10%)
Other Reconciling Items				$ (2,000)	$ (1,000)
Other Reconciling Items (Rate)				(0.70%)	(0.50%)
Effective IncomeTax Continuing Operations Before Discrete Items	$ 21,000		$ 21,000	$ 46,000	$ 39,000
Effective Income Tax Rate Continuing Operations Before Discrete Items	20.70%		26.30%	21.90%	26.40%
Tax Credits CBPC for AFMC Exchange	$ 0		$ (9,000)	$ (19,000)	$ (9,000)
Tax Credits CBPC for AFMC Exchange (Rate)	0.00%		(10.90%)	(8.90%)	(6.00%)
EffectiveincomeTaxReconciliation-GainonconsolidationofNZJV				$ (5,000)	$ 0
EffectiveincomeTaxRateReconciliationGainonconsolidationofNZJV				(2.70%)	0.00%
Other Adjustments	$ (6,000)		$ 0	$ (2,000)	$ 0
Other Adjustments (Rate)	(5.90%)		0.00%	(1.00%)	0.00%
Income Tax Expense as reported	$ 15,249		$ 12,035	$ 19,695	$ 30,338
Effective tax rate	14.80%		15.40%	9.30%	20.40%
Proceeds from Divestiture of Businesses		$80 million plus a working capital adjustment
Discontinued Operation, Tax Effect of Discontinued Operation	$ 0		$ 1,505	$ 22,273	$ 1,927
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation					$ 21,400
Interal Asset Transfer Benefit [Member]
Effective Tax Reconciliation [Line Items]
Income Tax Reconciliation, Other Adjustments		$ 4,900

Restricted Deposits (Details) - USD ($) $ in Thousands	6 Months Ended
Restricted Deposits (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Restricted Cash and Investments [Abstract]
Maximum Time Period Proceeds From LKE Sale Maintained with Third Party Intermediary	180 days
Restricted Cash and Cash Equivalents	$ 2,956	$ 10,559

Joint Venture Investment (Details)
$ in Thousands, Acres in Millions

3 Months Ended

6 Months Ended

Jun. 30, 2013

USD ($)

Acres

Jun. 30, 2013

USD ($)

Acres

Jun. 30, 2012

USD ($)

Jun. 30, 2013

USD ($)

Acres

Jun. 30, 2012

USD ($)

Apr. 04, 2013

USD ($)

Business Acquisition [Line Items]

Effective Date of Acquisition

Apr. 04, 2013

Additional ownership interest acquired

39.00%

Name of Acquired Entity

Matariki Forestry Group

Description of Acquired Entity

a joint venture (“JV”) that owns or leases approximately 0.3 million acres of New Zealand timberlands.

Post-acquisition ownership percentage

65.00%

Ownership Percentage by Noncontrolling Owners

35.00%

Gain on foreign currency forward contracts

$ 1,700

Contingent Consideration, Description

Contingent Consideration, Amount

$ 3,300

Contingent Consideration, Fair value determination

Fair value was determined using an average of the cost and freight (CFR) selling price of China A-grade 3.8 meter logs.

Contingent Consideration, Amount of Settlement

$ 3,300

Pre-acquisition ownership percentage

26.00%

Step Acquisition Description

The additional 39 percent interest acquired resulted in the Company obtaining a controlling financial interest in the JV and accordingly, the purchase was accounted for as a step-acquisition. Upon consolidation, the Company recognized a $10.1 million deferred gain, which resulted from the original sale of its New Zealand operations to the joint venture in 2005 and a $6 million benefit due to the required fair market value remeasurement of the Company’s equity interest in the JV held before the purchase of the additional interest.

Step Acquisition, Remeasurement Gain, Amount

16,098

$ 0

$ 16,098

$ 0

Step Acquisition, Remeasurement Gain, Financial Statement Caption

“Gain related to consolidation of New Zealand joint venture”

Acquisition-date fair value of previous equity interest

$ 93,253

Business Acquisition, Purchase Price Allocation, Methodology

Business Acquisition, Purchase Price Allocation [Abstract]

Accounts receivable, net

9,777

Inventory

2,465

Other current assets

6,767

Timber and timberlands, net

545,287

Other assets

25,436

Total identifiable assets acquired

589,732

Accounts payable

11,679

Current maturities of long-term debt

3,843

Accrued interest

2,038

Other current liabilities

3,624

Long-term debt (third party)

196,319

Long-term debt (shareholders)

125,532

$ 125,532

125,532

^[1]

Other non-current liabilities

13,565

Total liabilities assumed

356,600

Net identifiable assets

233,132

Less: Fair value of equity method investment

(93,253)

Purchase Price

$ 139,879

Business Combination, Pro Forma Information [Abstract]

JV's Sales from April 4, 2013 to June 30, 2013

47,426

JV's Net Income from April 4, 2013 to June 30, 2013

$ 2,076

Pro Forma Consolidated Sales

409,077

399,228

837,322

778,810

Pro Forma Consolidated Net Income

$ 87,891

$ 67,376

$ 233,867

$ 118,730

Matariki Forestry Group [Member]

Business Acquisition [Line Items]

Acres Of Timberland Owned Managed | Acres

0.3

Recognition of deferred gain on original sale of operations [Member]

Business Acquisition [Line Items]

Step Acquisition, Remeasurement Gain, Amount

$ 10,100

Gain on fair market value revaluation of equity interest [Member]

Business Acquisition [Line Items]

Step Acquisition, Remeasurement Gain, Amount

$ 6,000

[1]	(a) Long-term debt included $125.5 million of shareholder loans payable to the noncontrolling interest by the JV. Subsequent to the acquisition date, $96.0 million of the noncontrolling interest’s shareholder loans were converted to preferred equity.

Joint Venture Investment Shareholder Loan Conversion (Details) - Conversion of Matariki shareholder debt to preferred equity [Member] - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Debt Conversion [Line Items]
Debt Conversion, Original Debt, Amount	$ 125,532
Debt Conversion, Original Debt, Type of Debt	shareholder loans payable to the noncontrolling interest by the JV
Debt Conversion, Converted Instrument, Amount	$ 95,961	$ 0
Debt Conversion, Converted Instrument, Type	preferred equity

Shareholders' Equity (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended			6 Months Ended		12 Months Ended
	Apr. 02, 2013	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent, Period Start			$ 1,438,004		$ 1,438,004
Stockholders' Equity Attributable to Noncontrolling Interest, Period Start			0		0
Total Stockholders' Equity, Period Start			$ 1,438,004		1,438,004	$ 1,323,073	$ 1,323,073
Acquisition of noncontrolling interest					96,086
Net income attributable to Parent		$ 87,164		$ 69,079	234,899	122,515
Net Income (Loss) Attributable to Noncontrolling Interest		727		0	727	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		87,891		69,079	235,626	122,515	278,685
Dividends					(110,886)		(208,286)
Issuance of shares under incentive stock plans					6,643		25,495
Stock-based compensation					6,253		15,116
Excess tax benefit on stock-based compensation					7,399		7,635
Repurchase of common shares					(11,241)		(7,783)
Maturity of Warrants, Value					0
Amortization of pension and postretirement plans		3,717		3,401	8,687	6,541	(496)
Foreign currency translation adjustment		(28,201)		(8,081)	(27,226)	(2,255)	4,352
Joint venture cash flow hedges		222		$ (1,998)	775	(793)	213
Stockholders' Equity Attributable to Parent, Period End		1,563,539			1,563,539		1,438,004
Stockholders' Equity Attributable to Noncontrolling Interest, Period End		86,581			86,581		0
Total Stockholders' Equity, Period End		1,650,120			$ 1,650,120		$ 1,438,004
Dividends [Abstract]
Common Stock, Dividends, Per Share, Declared					$ 0.88		$ 1.68
Warrants on Senior Exchangeable Notes due 2012 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Maturity of Warrants, Shares	97,918		2,037,303		2,135,221
Common Stock Including Additional Paid in Capital [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent, Period Start			$ 670,749		$ 670,749	$ 630,286	$ 630,286
Shares Issued, Period Start			123,332,444		123,332,444	122,035,177	122,035,177
Issuance of shares under incentive stock plans					$ 6,643		$ 25,495
Issuance of shares under incentive stock plan, Shares					861,838		1,467,024
Stock-based compensation					$ 6,253		$ 15,116
Excess tax benefit on stock-based compensation					7,399		7,635
Repurchase of common shares					$ (11,241)		$ (7,783)
Stock Repurchased During Period, Shares					(209,743)		(169,757)
Stockholders' Equity Attributable to Parent, Period End		$ 679,803			$ 679,803		$ 670,749
Shares Issued, Period End		126,119,760			126,119,760		123,332,444
Common Stock Including Additional Paid in Capital [Member] \| Warrants on Senior Exchangeable Notes due 2012 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Maturity of Warrants, Value					$ 0
Maturity of Warrants, Shares					2,135,221
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent, Period Start			$ 876,634		$ 876,634	$ 806,235	$ 806,235
Net income attributable to Parent					234,899		278,685
Dividends					(110,886)		(208,286)
Stockholders' Equity Attributable to Parent, Period End		$ 1,000,647			1,000,647		876,634
Accumulated Other Comprehensive Income (Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Parent, Period Start			(109,379)		(109,379)	(113,448)	(113,448)
Amortization of pension and postretirement plans attributable to Rayonier Inc.					8,687		(496)
Foreign currency translation adjustment attributable to Rayonier Inc.					(17,650)		4,352
Joint venture cash flow hedges attributable to Rayonier Inc.					1,431		213
Stockholders' Equity Attributable to Parent, Period End		(116,911)			(116,911)		(109,379)
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' Equity Attributable to Noncontrolling Interest, Period Start			$ 0		0	$ 0	0
Acquisition of noncontrolling interest					96,086
Net Income (Loss) Attributable to Noncontrolling Interest					727		0
Amortization of pension and postretirement plans attributable to noncontrolling interest					0		0
Foreign currency translation adjustment attributable to noncontrolling interest					(9,576)		0
Joint venture cash flow hedges attributable to noncontrolling interest					(656)		0
Stockholders' Equity Attributable to Noncontrolling Interest, Period End		$ 86,581			$ 86,581		$ 0

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

3 Months Ended

6 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2013

Jun. 30, 2012

Dec. 31, 2012

Segment Reporting Information [Line Items]

Assets

$ 3,828,051

$ 3,122,951

Sales

409,077

$ 348,096

802,796

$ 684,667

Operating Income (Loss)

110,561

94,098

225,924

176,848

Depreciation, depletion and amortization

43,667

34,179

79,659

64,592

Forest Resources [Member]

Segment Reporting Information [Line Items]

Assets

2,275,145

1,690,030

Sales

109,060

52,663

166,162

104,858

Operating Income (Loss)

20,890

8,249

34,145

16,254

Depreciation, depletion and amortization

27,291

17,066

43,735

33,900

Real Estate Segment [Member]

Segment Reporting Information [Line Items]

Assets

85,018

112,647

Sales

13,376

11,680

37,673

24,326

Operating Income (Loss)

6,105

5,999

22,947

12,477

Depreciation, depletion and amortization

2,469

1,600

6,646

3,445

Performance Fibers Segment [Member]

Segment Reporting Information [Line Items]

Assets

1,067,673

902,309

Sales

253,025

254,509

537,213

505,364

Operating Income (Loss)

79,081

83,727

170,751

164,357

Depreciation, depletion and amortization

13,649

15,139

28,802

26,500

Wood Products Segment [Member]

Segment Reporting Information [Line Items]

Assets

^[1]

18,454

All Other Segments [Member]

Segment Reporting Information [Line Items]

Assets

31,045

23,296

Sales

33,872

29,268

62,099

50,409

Operating Income (Loss)

1,779

1,148

1,944

218

Intersegment Elimination [Member]

Segment Reporting Information [Line Items]

Sales

^[2]

(256)

(24)

(351)

(290)

Unallocated Amount to Segment [Member]

Segment Reporting Information [Line Items]

Assets

369,170

$ 376,215

Operating Income (Loss)

^[3]

2,706

(5,025)

(3,863)

(16,458)

All Other Segments And Unallocated Amount To Segment [Member]

Segment Reporting Information [Line Items]

Depreciation, depletion and amortization

$ 258

$ 374

$ 476

$ 747

[1]	The Company sold its Wood Products segment during the first quarter of 2013. See Note 2 — Sale of Wood Products Business for additional information.
[2]	Intersegment eliminations primarily reflect sales from our Forest Resources segment to our Performance Fibers segment.
[3]	The three and six months ended June 30, 2013 includes a $16.1 million gain related to the consolidation of the New Zealand JV. See Note 6 — Joint Venture Investment.

Derivative Financial Instruments and Hedging Activities (Details)	Jun. 30, 2013
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Foreign currency exposure hedged for forecasted sales in next three months (in percent, least amount)	70.00%
Foreign currency exposure hedged for forecasted sales in next twelve months (in percent)	50.00%

Derivative Financial Instruments and Hedging Activities - Income Statement Location (Details) - USD ($)
$ in Thousands

3 Months Ended

6 Months Ended

Sep. 30, 2013

Jun. 30, 2013

Designated as Hedging Instrument [Member] | Cash Flow Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

AOCI balance expected to be reclassified in next twelve months

$ 1,900

Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Designated hedged item, gain (loss) recognized in other comprehensive income

^[1]

$ (1,509)

(1,509)

Designated as Hedging Instrument [Member] | Foreign Exchange Option [Member] | Other Comprehensive Income (Loss) [Member] | Cash Flow Hedging [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Designated hedged item, gain (loss) recognized in other comprehensive income

^[1]

(363)

Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member] | Other Operating Income (Expense) [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Non-designated hedged item, gain (Ioss) recognized in income

(456)

1,426

Not Designated as Hedging Instrument [Member] | Foreign Exchange Option [Member] | Other Operating Income (Expense) [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Non-designated hedged item, gain (Ioss) recognized in income

(1,491)

Not Designated as Hedging Instrument [Member] | Interest Rate Swap [Member] | Interest and Other Miscellaneous Income [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Non-designated hedged item, gain (Ioss) recognized in income

2,650

Not Designated as Hedging Instrument [Member] | Fuel [Member] | Cost of Sales [Member]

Derivative Instruments, Gain (Loss) [Line Items]

Non-designated hedged item, gain (Ioss) recognized in income

$ 148

[1]	See Note 17 — Accumulated Other Comprehensive Loss.

Derivative Financial Instruments and Hedging Activities - Notional Amounts (Details)
bbl in Thousands, $ in Thousands

Jun. 30, 2013

USD ($)

bbl

^[1]

Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount (in USD)

$ 7,020

Foreign Exchange Option [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount (in USD)

30,000

Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount (in USD)

$ 172,497

Fuel [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount (in thousands of barrels) | bbl

Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount (in USD)

$ 19,000

Cash Flow Hedging [Member] | Foreign Exchange Option [Member] | Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount (in USD)

$ 26,000

[1]	All notional amounts are stated in dollars except fuel contracts which are denominated in thousands of barrels.

Derivative Financial Instruments and Hedging Activities - Balance Sheet Location (Details)
$ in Thousands

Jun. 30, 2013

USD ($)

^[1]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

$ (11,066)

Fair value, derivative asset

Other Current Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(4,623)

Other Noncurrent Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(6,443)

Other Assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

Foreign Exchange Contract [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(174)

Foreign Exchange Option [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(352)

Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(2,843)

Interest Rate Swap [Member] | Not Designated as Hedging Instrument [Member] | Other Noncurrent Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(6,443)

Fuel [Member] | Not Designated as Hedging Instrument [Member] | Other Assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

Cash Flow Hedging [Member] | Foreign Exchange Contract [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(891)

Cash Flow Hedging [Member] | Foreign Exchange Option [Member] | Designated as Hedging Instrument [Member] | Other Current Liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

$ (363)

[1]	See Note 10 — Fair Value Measurements for further information on the fair value of our derivatives including their classification within the fair value hierarchy.

Fair Value Measurements Fair Values Measured on Recurring Basis (Details) - USD ($)
$ in Thousands

Jun. 30, 2013

Dec. 31, 2012

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Restricted cash

$ 2,956

$ 10,559

Long-term Debt

1,591,834

1,120,052

Current maturities of long-term debt

75,463

150,000

Carrying Value

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash and cash equivalents

343,581

280,596

Restricted cash

^[1]

2,956

10,559

Long-term Debt

1,591,834

1,120,052

Current maturities of long-term debt

75,463

150,000

Carrying Value | Fair Value, Measurements, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest rate swaps

^[2]

(9,286)

Carrying Value | Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fuel contracts

^[2]

Carrying Value | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign currency contracts

^[2]

(1,065)

Carrying Value | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Option [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign currency contracts

^[2]

(716)

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash and cash equivalents

343,581

280,596

Restricted cash

^[1]

2,956

10,559

Long-term Debt

Current maturities of long-term debt

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 | Fair Value, Measurements, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest rate swaps

^[2]

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 | Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fuel contracts

^[2]

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign currency contracts

^[2]

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Option [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign currency contracts

^[2]

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Cash and cash equivalents

Restricted cash

^[1]

Long-term Debt

1,718,249

1,250,341

Current maturities of long-term debt

75,463

150,000

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 | Fair Value, Measurements, Recurring [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Interest rate swaps

^[2]

(9,286)

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Energy Related Derivative [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fuel contracts

^[2]

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Contract [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign currency contracts

^[2]

(1,065)

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Foreign Exchange Option [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Foreign currency contracts

$ (716)

$ 0

^[2]

[1]	Restricted cash is recorded in “Other Assets” and represents the proceeds from LKE sales deposited with a third-party intermediary.
[2]	See Note 9 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.

Fair Value Measurements Fair Value Measurements Methods and Assumptions (Details)	6 Months Ended
	Jun. 30, 2013
Cash, Cash Equivalents and Restricted Cash [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	The carrying amount is equal to fair market value
Energy Related Derivative [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	The fair value of diesel fuel contracts is determined by a mark-to-market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract.
Borrowings [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	The fair value of fixed rate debt is based upon quoted market prices for debt with similar terms and maturities.
Interest Rate Swap [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	The fair value of interest rate contracts is determined by discounting the expected future cash flows, for each instrument, at prevailing interest rates.
Foreign Exchange Contract [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	The fair value of foreign currency exchange contracts is determined by a mark-to-market valuation which estimates fair value by discounting the difference between the contracted forward price and the current forward price for the residual maturity of the contract using a risk-free interest rate.
Foreign Exchange Option [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair Value Measurements, Valuation Techniques	The fair value of foreign currency options contracts is based on a mark-to-market calculation using the Black-Scholes option pricing model.

Guarantees (Details)
$ in Thousands

6 Months Ended

Jun. 30, 2013

USD ($)

Guarantor Obligations [Line Items]

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 27,690

Guarantor Obligations, Current Carrying Value

16,403

Financial Standby Letter of Credit [Member]

Guarantor Obligations [Line Items]

Guarantor Obligations, Maximum Exposure, Undiscounted

18,205

^[1]

Guarantor Obligations, Current Carrying Value

15,000

^[1]

Guarantor Obligations Collateral for Industrial Revenue Bonds

$ 15,000

Guarantor Obligations, Term

various dates during 2013 and 2014

Financial Guarantee [Member]

Guarantor Obligations [Line Items]

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 2,254

Guarantor Obligations, Current Carrying Value

$ 43

^[2]

Variable Interest Entity Recorded Liability For Performance Obligation

de minimus liability

Surety Bonds [Member]

Guarantor Obligations [Line Items]

Guarantor Obligations, Maximum Exposure, Undiscounted

$ 7,231

^[3]

Guarantor Obligations, Current Carrying Value

$ 1,360

^[3]

Guarantor Obligations, Term

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 2014 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 June 30, 2013, the Company has 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)
$ in Thousands

6 Months Ended

Jun. 30, 2013

USD ($)

Matariki Forestry Rights [Member]

Leases, Operating [Abstract]

Description of Lessee Leasing Arrangements, Operating Leases

Forestry rights grant access to the leased land for the purpose of harvesting. The majority of the JV’s forestry rights terminate with the harvest of the land’s existing crop and require the land to be left in the cut condition upon termination.

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

2013

$ 884

^[1]

2014

1,528

^[1]

2015

1,528

^[1]

2016

1,528

^[1]

2017

1,528

^[1]

Thereafter

39,757

^[1]

Operating Leases, Future Minimum Payments Due

$ 46,753

Matariki Forest Leases [Member]

Leases, Operating [Abstract]

Description of Lessee Leasing Arrangements, Operating Leases

Forest leases have an average term between 30 and 99 years. Annual rent is indexed to the Consumer Price Index or current market values. A number of these leases require the land to be returned in a fully stocked condition (replanted).

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

2013

$ 541

^[2]

2014

1,075

^[2]

2015

1,075

^[2]

2016

1,075

^[2]

2017

1,075

^[2]

Thereafter

53,889

^[2]

Operating Leases, Future Minimum Payments Due

$ 58,730

Matariki Crown Forest Licenses [Member]

Leases, Operating [Abstract]

Description of Lessee Leasing Arrangements, Operating Leases

Crown Forest Licenses Total Annual License Fee

$ 2,700

[1]	Forestry rights grant access to the leased land for the purpose of harvesting. The majority of the JV’s forestry rights terminate with the harvest of the land’s existing crop and require the land to be left in the cut condition upon termination.
[2]	Forest leases have an average term between 30 and 99 years. Annual rent is indexed to the Consumer Price Index or current market values. A number of these leases require the land to be returned in a fully stocked condition (replanted).

Liabilities for Dispositions and Discontinued Operations Analysis of Activity (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Accrual for Environmental Loss Contingencies [Roll Forward]
Balance, beginning of period	$ 81,695	$ 90,824
Expenditures charged to liabilities	(4,015)	(9,926)
Increase to liabilities	448	797
Balance, end of period	78,128	81,695
Less: Current portion	(8,686)	(8,105)
Non-current portion	$ 69,442	$ 73,590

- Definition

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.

+ References

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

+ Details

Liabilities for Dispositions and Discontinued Operations Narrative (Details) $ in Millions	6 Months Ended
	Jun. 30, 2013 USD ($)
Environmental Remediation Obligations [Abstract]
Environmental Applicability, Impact and Conclusion Disclosures	The Company is exposed to the risk of reasonably possible additional losses in excess of the established liabilities. As of June 30, 2013, this amount could range up to $29 million, attributable to several of the applicable sites, and arises from uncertainty over the availability, feasibility and effectiveness of certain remediation technologies, additional or different contamination that may be discovered, development of new or more effective environmental remediation technologies, potential changes in applicable law and regulations, and the exercise of discretion in interpretation of applicable law and regulations by governmental agencies.
Environmental Contingency, Loss Exposure in Excess of Accrual, High Estimate	$ 29
Environmental Loss Contingencies Term	20 years
Environmental Exit Costs, Nature of Costs	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.

Employee Benefit Plans Narrative (Details)	6 Months Ended
Employee Benefit Plans Narrative (Details)	Jun. 30, 2013 USD ($)
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	Currently, all qualified plans are closed to new participants.
Pension Contributions	$ 0

- Definition

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

+ References

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

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Glossary Defined Benefit Postretirement Plan
-URI http://asc.fasb.org/extlink&oid=6749240

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 30
-Glossary Defined Benefit Pension Plan
-URI http://asc.fasb.org/extlink&oid=6510300

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 158
-Paragraph 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: 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.

+ Details

Employee Benefit Plans Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,011	$ 2,102	$ 4,430	$ 4,042
Interest cost	3,953	4,321	8,787	8,309
Expected return on plan assets	(5,966)	(6,369)	(13,390)	(12,248)
Amortization of prior service cost	322	327	710	629
Amortization of losses	4,791	4,394	10,516	8,451
Net periodic benefit cost	5,111	4,775	11,053	9,183
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	249	227	498	437
Interest cost	240	242	480	465
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	6	6	13	12
Amortization of losses	218	156	436	299
Net periodic benefit cost	$ 713	$ 631	$ 1,427	$ 1,213

- Definition

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.

+ References

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.

+ Details

- Definition

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.

+ References + Details

- Definition

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.

+ References

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.

+ Details

Debt (Details) $ in Millions		3 Months Ended		6 Months Ended
Debt (Details) $ in Millions	Apr. 02, 2013 shares	Jun. 30, 2013 USD ($) unit	Mar. 31, 2013 shares	Jun. 30, 2013 USD ($) unit shares
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]
Debt Instrument [Line Items]
Debt Instrument, Exchange Feature, Exchange Period, Beginning Date		Jun. 30, 2013		Mar. 31, 2013
Debt Instrument, Face Amount		$ 172.5		$ 172.5
Debt Instrument, Interest Rate, Stated Percentage		4.50%		4.50%
Debt Instrument, Maturity Date, Description				2015
Debt Instrument, Exchange Feature, Exchange Period, End Date		Sep. 30, 2013		Jun. 30, 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 during a period of 30 consecutive trading days as of the last day of the quarter.
Term Credit Agreement due 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Increase, Additional Borrowings		$ 200.0
Debt Instrument, Unused Borrowing Capacity, Amount		140.0		$ 140.0
April 2011 Line of Credit as Amended October 2012 [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Increase (Decrease) for Period, Net				(15.0)
Line of Credit Facility, Maximum Borrowing Capacity		450.0		450.0
Line of Credit Facility, Remaining Borrowing Capacity		$ 187.0		$ 187.0
Warrants on Senior Exchangeable Notes due 2012 [Member]
Debt Instrument [Line Items]
Beginning Date for Maturity of Warrants				Jan. 15, 2013
Ending Date for Maturity of Warrants				Mar. 27, 2013
Number of Warrants Settled \| unit		8,313,511		8,313,511
Total Number of Warrants \| unit		8,313,511		8,313,511
Shares issued on conversion of warrants \| shares	97,918		2,037,303	2,135,221

Debt Joint Venture Debt (Details) - USD ($) $ in Thousands	6 Months Ended
Debt Joint Venture Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Apr. 04, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Effective Date of Acquisition	Apr. 04, 2013
Additional ownership interest acquired		39.00%
Post-acquisition ownership percentage		65.00%
Less: Current maturities of long-term debt	$ (75,463)		$ (150,000)
Long-term Debt	1,591,834		$ 1,120,052
Matariki Forestry Group [Member]
Debt Instrument [Line Items]
Debt	211,407
Less: Current maturities of long-term debt	(463)
Long-term Debt	210,944
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 199,000
Line of Credit Facility, Description	comprised of two tranches of revolving credit facilities and a working capital facility
Debt Instrument, Currency	New Zealand dollars
Debt Instrument, Covenant Description	generation of sufficient cash flows to meet a minimum interest coverage ratio of 1.50 to 1 on a quarterly basis and maintenance of a leverage ratio of bank debt versus the forest and land valuation below the covenant's maximum ratio of 35 percent.
Debt Instrument, Covenant Compliance	At June 30, 2013, the New Zealand JV was in compliance with all its covenants.
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Tranche A Revolving Facility due 2014 [Member]
Debt Instrument [Line Items]
Debt	$ 123,488
Line of Credit Facility, Interest Rate During Period	3.61%
Debt Instrument, Maturity Date, Description	September 2014
Debt Instrument, Description of Variable Rate Basis	90 day New Zealand bank bill rate
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Tranche B Revolving Facility due 2016 [Member]
Debt Instrument [Line Items]
Debt	$ 57,885
Line of Credit Facility, Interest Rate During Period	3.76%
Debt Instrument, Maturity Date, Description	September 2016
Debt Instrument, Description of Variable Rate Basis	90 day New Zealand bank bill rate
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Revolving Facilities due 2014 to 2016 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.775%
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Revolving Facilities due 2014 to 2016 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.05%
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Working Capital Facility due 2013 [Member]
Debt Instrument [Line Items]
Debt	$ 463
Line of Credit Facility, Maximum Borrowing Capacity	$ 18,000
Line of Credit Facility, Interest Rate During Period	3.94%
Debt Instrument, Maturity Date, Description	September 2013
Debt Instrument, Description of Variable Rate Basis	Official Cash Rate set by the Reserve Bank of New Zealand
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Working Capital Facility due 2013 [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.17%
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement, Working Capital Facility due 2013 [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.44%
Matariki Forestry Group [Member] \| Noncontrolling interest shareholder loan at 0% interest rate [Member]
Debt Instrument [Line Items]
Debt	$ 29,571
Line of Credit Facility, Interest Rate During Period	0.00%
Long-term Debt, Description	This loan represents part of the noncontrolling party’s investment in the JV. The loan is secured by timberlands owned by the JV and is subordinated to the Senior Secured Facilities Agreement. Although Rayonier Inc. is not liable for this loan, the shareholder loan instrument contains features with characteristics of both debt and equity and is therefore required to be classified as debt and consolidated.

Debt Subsequent Event (Details) - Matariki Forestry Group [Member] $ in Millions	6 Months Ended
	Jun. 30, 2013 USD ($)
Senior Secured Facilities Agreement, Revolving Facilities due 2014 to 2016 [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.775%
Senior Secured Facilities Agreement, Revolving Facilities due 2014 to 2016 [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.05%
Amendment of Existing Senior Secured Revolving Credit Agreement [Member]
Subsequent Event [Line Items]
Subsequent Event, Date	Jul. 05, 2013
Subsequent Event, Description	the New Zealand JV negotiated amendments to the existing Senior Secured Facilities Agreement.
Amendment of Existing Senior Secured Revolving Credit Agreement [Member] \| Senior Secured Facilities Agreement as Amended July 2013, Revolving Cash Advance Facility due 2016 [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 181
Debt Instrument, Maturity Date, Description	September 2016
Amendment of Existing Senior Secured Revolving Credit Agreement [Member] \| Senior Secured Facilities Agreement as Amended July 2013, Revolving Cash Advance Facility due 2016 [Member] \| Minimum [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.75%
Amendment of Existing Senior Secured Revolving Credit Agreement [Member] \| Senior Secured Facilities Agreement as Amended July 2013, Revolving Cash Advance Facility due 2016 [Member] \| Maximum [Member]
Subsequent Event [Line Items]
Debt Instrument, Basis Spread on Variable Rate	0.85%
Amendment of Existing Senior Secured Revolving Credit Agreement [Member] \| Senior Secured Facilities Agreement as Amended July 2013, Working Capital Facility due 2014 [Member]
Subsequent Event [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 18
Debt Instrument, Maturity Date, Description	July 2014
Amendment of Existing Senior Secured Revolving Credit Agreement [Member] \| Senior Secured Facilities Agreement as Amended July 2013 [Member]
Subsequent Event [Line Items]
Debt Instrument, Covenant Description	The maximum leverage ratio was increased to 40 percent and the interest coverage ratio was amended to allow a minimum ratio of 1.25 to 1, provided that the ratio is not below 1.50 to 1 for any two consecutive quarters.

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

3 Months Ended

6 Months Ended

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2013

Jun. 30, 2012

Dec. 31, 2012

Foreign currency translation adjustments

$ 21,179

$ 38,829

Joint venture cash flow hedges

(2,197)

(3,628)

Unrecognized losses of employee benefit plans, net of tax

(135,893)

(144,580)

Total

(116,911)

(109,379)

Other comprehensive income before reclassifications - Foreign currency translation gains

^[1]

(17,650)

Other comprehensive income before reclassifications - New Zealand joint venture cash flow hedge

(728)

Other comprehensive income before reclassifications - Unrecognized components of employee benefit plans, net of tax

530

Other comprehensive income before reclassifications - Total

(17,848)

Amounts reclassified from accumulated other comprehensive income - Foreign currency translation gains

Amounts reclassified from accumulated other comprehensive income - New Zealand joint venture cash flow hedges

2,159

Amounts reclassified from accumulated other comprehensive income - Unrecognized components of employee benefit plans, net of tax

^[2]

8,157

Amounts reclassified from accumulated other comprehensive income - Total

10,316

Net other comprehensive income - Foreign currency translation adjustment

(28,201)

$ (8,081)

(27,226)

$ (2,255)

4,352

Net other comprehensive income - New Zealand joint venture cash flow hedges

222

(1,998)

775

(793)

213

Net other comprehensive income - Gain from pension and postretirement plans, net of income tax

$ 3,717

$ 3,401

8,687

$ 6,541

$ (496)

Net other comprehensive income, net of tax

(7,532)

Gain on New Zealand Joint Venture Cash Flow Hedge Reclassified from AOCI

2,159

Parent [Member]

Net other comprehensive income - Foreign currency translation adjustment

(17,650)

Net other comprehensive income - New Zealand joint venture cash flow hedges

1,431

Net other comprehensive income - Gain from pension and postretirement plans, net of income tax

$ 8,687

[1]	The loss is due to a six cent decrease in the New Zealand dollar exchange rate.
[2]	These accumulated other comprehensive income components are included in the computation of net periodic pension cost. See Note 15 — Employee Benefit Plans for additional information.

Other Operating Income, Net (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Other Operating Income, Net [Abstract]
Lease income, primarily from hunting leases	$ 2,313	$ 2,520	$ 4,774	$ 4,905
Other non-timber income	604	1,048	1,078	1,891
Foreign currency gain	979	680	795	(185)
Loss on sale or disposal of property, plant & equipment	(269)	(711)	(698)	(1,732)
Insurance Recoveries	0	2,319	0	2,319
Loss on foreign currency contracts	(1,947)	0	(65)	0
Legal and corporate development costs	(1,971)	(561)	(2,672)	(765)
Total	$ (291)	$ 5,295	$ 3,212	$ 6,433

- Definition

The aggregate foreign currency transaction gain (loss) (both realized and unrealized) included in determining net income for the reporting period. Excludes foreign currency transactions designated as hedges of net investment in a foreign entity and intercompany foreign currency transactions that are of a long-term nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements. For certain enterprises, primarily banks, that are dealers in foreign exchange, foreign currency transaction gains (losses) may be disclosed as dealer gains (losses).

+ References + Details

Consolidating Financial Statements Text (Details) $ in Millions	6 Months Ended
	Jun. 30, 2013 USD ($)
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	August 2009
Debt Instrument, Face Amount	$ 172.5
Debt Instrument, Interest Rate, Stated Percentage	4.50%
Debt Instrument, Maturity Date, Description	2015
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]
Debt Instrument [Line Items]
Debt Instrument, Issuance Date	March 2012
Debt Instrument, Face Amount	$ 325.0
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		6 Months Ended		12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Income Statement [Abstract]
SALES	$ 409,077	$ 348,096	$ 802,796	$ 684,667
Cost of sales	297,698	243,571	563,716	479,279
Selling and general expenses	16,929	15,892	33,028	35,157
Other operating (income) expense, net	291	(5,295)	(3,212)	(6,433)
Costs and Expenses, Total	314,918	254,168	593,532	508,003
Equity in income (loss) of New Zealand joint venture	304	170	562	184
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	94,463	94,098	209,826	176,848
Gain on consolidation of New Zealand joint venture	16,098	0	16,098	0
OPERATING (LOSS) INCOME	110,561	94,098	225,924	176,848
Interest Expense	(10,019)	(16,056)	(17,736)	(27,880)
Interest and miscellaneous income (expense), net	2,598	84	2,656	60
Equity in income from subsidiaries	0	0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	103,140	78,126	210,844	149,028
Income tax benefit (expense)	(15,249)	(12,035)	(19,695)	(30,338)
Income (Loss) from Continuing Operations Attributable to Parent	87,164	66,091	190,422	118,690
Income (Loss) from Continuing Operations	87,891	66,091	191,149	118,690
Income (Loss) from Discontinued Operations, Net	0	(2,988)	(44,477)	(3,825)
NET INCOME	87,891	69,079	235,626	122,515	$ 278,685
Net Income Attributable to Noncontrolling Interest	727	0	727	0
Net income attributable to Parent	87,164	69,079	234,899	122,515
Foreign currency translation adjustment	(28,201)	(8,081)	(27,226)	(2,255)	4,352
New Zealand joint venture cash flow hedges	222	(1,998)	775	(793)	213
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,717)	(3,401)	(8,687)	(6,541)	$ 496
Total other comprehensive (loss) income	(24,262)	(6,678)	(17,764)	3,493
COMPREHENSIVE INCOME	63,629	62,401	217,862	126,008
Comprehensive loss attributable to noncontrolling interest	(9,505)	0	(9,505)	0
Comprehensive income attributable to Rayonier Inc.	73,134	62,401	227,367	126,008
Parent Company [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	0	0	0	0
Other operating (income) expense, net	180	0	(1,701)	0
Costs and Expenses, Total	180	0	(1,701)	0
Equity in income (loss) of New Zealand joint venture	0	0	0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	(180)		1,701
Gain on consolidation of New Zealand joint venture	0		0
OPERATING (LOSS) INCOME	(180)	0	1,701	0
Interest Expense	(3,414)	(3,117)	(6,689)	(4,366)
Interest and miscellaneous income (expense), net	1,759	1,544	4,178	3,455
Equity in income from subsidiaries	89,064	70,652	235,774	123,426
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	87,229	69,079	234,964	122,515
Income tax benefit (expense)	(65)	0	(65)	0
Income (Loss) from Continuing Operations Attributable to Parent		69,079
Income (Loss) from Continuing Operations	87,164	69,079	234,899	122,515
Income (Loss) from Discontinued Operations, Net	0	0	0	0
NET INCOME	87,164	69,079	234,899	122,515
Net Income Attributable to Noncontrolling Interest	0		0
Net income attributable to Parent	87,164		234,899
Foreign currency translation adjustment	(18,625)	(8,081)	(17,650)	(2,255)
New Zealand joint venture cash flow hedges	878	(1,998)	1,431	(793)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,717)	(3,401)	(8,687)	(6,541)
Total other comprehensive (loss) income	(14,030)	(6,678)	(7,532)	3,493
COMPREHENSIVE INCOME	73,134	62,401	227,367	126,008
Comprehensive loss attributable to noncontrolling interest	0		0
Comprehensive income attributable to Rayonier Inc.	73,134		227,367
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Guarantor Subsidiaries [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	2,680	1,904	5,081	5,215
Other operating (income) expense, net	(74)	(109)	449	12
Costs and Expenses, Total	2,606	1,795	5,530	5,227
Equity in income (loss) of New Zealand joint venture	0	0	0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	(2,606)		(5,530)
Gain on consolidation of New Zealand joint venture	0		0
OPERATING (LOSS) INCOME	(2,606)	(1,795)	(5,530)	(5,227)
Interest Expense	(266)	(212)	(518)	(450)
Interest and miscellaneous income (expense), net	1,104	1,659	1,633	2,986
Equity in income from subsidiaries	91,235	70,948	240,000	126,394
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	89,467	70,600	235,585	123,703
Income tax benefit (expense)	403	52	189	277
Income (Loss) from Continuing Operations Attributable to Parent		70,652
Income (Loss) from Continuing Operations	89,064		235,774	123,426
Income (Loss) from Discontinued Operations, Net	0	0	0	0
NET INCOME	89,064	70,652	235,774	123,426
Net Income Attributable to Noncontrolling Interest	0		0
Net income attributable to Parent	89,064		235,774
Foreign currency translation adjustment	(28,201)	(8,081)	(27,226)	(2,255)
New Zealand joint venture cash flow hedges	222	(1,998)	775	(793)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,717)	(3,401)	(8,687)	(6,541)
Total other comprehensive (loss) income	(24,262)	(6,678)	(17,764)	3,493
COMPREHENSIVE INCOME	64,802	63,974	218,010	126,919
Comprehensive loss attributable to noncontrolling interest	0		0
Comprehensive income attributable to Rayonier Inc.	64,802		218,010
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Subsidiary Issuer [Member]
Income Statement [Abstract]
SALES	0	0
Cost of sales	0	0
Selling and general expenses	0	0
Other operating (income) expense, net	0	0
Costs and Expenses, Total	0	0
Equity in income (loss) of New Zealand joint venture	0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	0
Gain on consolidation of New Zealand joint venture	0
OPERATING (LOSS) INCOME	0	0
Interest Expense	(6,997)	(10,243)
Interest and miscellaneous income (expense), net	(797)	(834)
Equity in income from subsidiaries	35,968	60,407
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	28,174	49,330
Income tax benefit (expense)	(2,847)	4,043
Income (Loss) from Continuing Operations Attributable to Parent		53,373
Income (Loss) from Continuing Operations	31,021
Income (Loss) from Discontinued Operations, Net	0	0
NET INCOME	31,021	53,373
Net Income Attributable to Noncontrolling Interest	0
Net income attributable to Parent	31,021
Foreign currency translation adjustment	(1,725)	478
New Zealand joint venture cash flow hedges	(1,873)	0
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(2,819)	(2,579)
Total other comprehensive (loss) income	(779)	3,057
COMPREHENSIVE INCOME	30,242	56,430
Comprehensive loss attributable to noncontrolling interest	0
Comprehensive income attributable to Rayonier Inc.	30,242
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Issuer Subsidiary [Member]
Income Statement [Abstract]
SALES			0	0
Cost of sales			0	0
Selling and general expenses			0	0
Other operating (income) expense, net			0	0
Costs and Expenses, Total			0	0
Equity in income (loss) of New Zealand joint venture			0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture			0
Gain on consolidation of New Zealand joint venture			0
OPERATING (LOSS) INCOME			0	0
Interest Expense			(13,615)	(20,469)
Interest and miscellaneous income (expense), net			(1,548)	(2,042)
Equity in income from subsidiaries			159,437	106,152
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES			144,274	83,641
Income tax benefit (expense)			5,537	(8,217)
Income (Loss) from Continuing Operations			149,811	91,858
Income (Loss) from Discontinued Operations, Net			0	0
NET INCOME			149,811	91,858
Net Income Attributable to Noncontrolling Interest			0
Net income attributable to Parent			149,811
Foreign currency translation adjustment			(1,485)	376
New Zealand joint venture cash flow hedges			(1,873)	0
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax			(6,831)	(4,959)
Total other comprehensive (loss) income			3,473	5,335
COMPREHENSIVE INCOME			153,284	97,193
Comprehensive loss attributable to noncontrolling interest			0
Comprehensive income attributable to Rayonier Inc.			153,284
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Consolidation, Eliminations [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	0	0	0	0
Other operating (income) expense, net	(661)	0	(661)	0
Costs and Expenses, Total	(661)	0	(661)	0
Equity in income (loss) of New Zealand joint venture	0	0	0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	661		661
Gain on consolidation of New Zealand joint venture	0		0
OPERATING (LOSS) INCOME	661	0	661	0
Interest Expense	0	0	0	0
Interest and miscellaneous income (expense), net	0	0	0	0
Equity in income from subsidiaries	(216,267)	(202,007)	(635,211)	(355,972)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(215,606)	(202,007)	(634,550)	(355,972)
Income tax benefit (expense)	63	0	62	0
Income (Loss) from Continuing Operations Attributable to Parent		(202,007)
Income (Loss) from Continuing Operations	(215,543)		(634,488)	(355,972)
Income (Loss) from Discontinued Operations, Net	0	0	0	0
NET INCOME	(215,543)	(202,007)	(634,488)	(355,972)
Net Income Attributable to Noncontrolling Interest	0		0
Net income attributable to Parent	(215,543)		(634,488)
Foreign currency translation adjustment	38,975	15,684	36,785	4,134
New Zealand joint venture cash flow hedges	118	3,996	(989)	1,586
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	13,367	8,559	22,349	16,459
Total other comprehensive (loss) income	25,726	11,121	13,447	(10,739)
COMPREHENSIVE INCOME	(189,817)	(190,886)	(621,041)	(366,711)
Comprehensive loss attributable to noncontrolling interest	0		0
Comprehensive income attributable to Rayonier Inc.	(189,817)		(621,041)
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Non-Guarantor Subsidiaries [Member]
Income Statement [Abstract]
SALES	409,077	348,096	802,796	684,667
Cost of sales	297,698	243,571	563,716	479,279
Selling and general expenses	14,249	13,988	27,947	29,942
Other operating (income) expense, net	846	(5,186)	(1,299)	(6,445)
Costs and Expenses, Total	312,793	252,373	590,364	502,776
Equity in income (loss) of New Zealand joint venture	304	170	562	184
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	96,588		212,994
Gain on consolidation of New Zealand joint venture	16,098		16,098
OPERATING (LOSS) INCOME	112,686	95,893	229,092	182,075
Interest Expense	658	(2,484)	3,086	(2,595)
Interest and miscellaneous income (expense), net	532	(2,285)	(1,607)	(4,339)
Equity in income from subsidiaries	0	0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	113,876	91,124	230,571	175,141
Income tax benefit (expense)	(17,691)	(16,130)	(25,418)	38,278
Income (Loss) from Continuing Operations Attributable to Parent		74,994
Income (Loss) from Continuing Operations	96,185		205,153	136,863
Income (Loss) from Discontinued Operations, Net	0	(2,988)	(44,477)	(3,825)
NET INCOME	96,185	77,982	249,630	140,688
Net Income Attributable to Noncontrolling Interest	727		727
Net income attributable to Parent	95,458		248,903
Foreign currency translation adjustment	(18,625)	(8,081)	(17,650)	(2,255)
New Zealand joint venture cash flow hedges	877	(1,998)	1,431	(793)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(6,831)	(2,579)	(6,831)	(4,959)
Total other comprehensive (loss) income	(10,917)	(7,500)	(9,388)	1,911
COMPREHENSIVE INCOME	85,268	70,482	240,242	142,599
Comprehensive loss attributable to noncontrolling interest	(9,505)		(9,505)
Comprehensive income attributable to Rayonier Inc.	94,773		249,747
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Guarantor Subsidiaries [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	2,680	1,904	5,081	5,215
Other operating (income) expense, net	(74)	(109)	449	12
Costs and Expenses, Total	2,606	1,795	5,530	5,227
Equity in income (loss) of New Zealand joint venture	0	0	0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	(2,606)		(5,530)
Gain on consolidation of New Zealand joint venture	0		0
OPERATING (LOSS) INCOME	(2,606)	(1,795)	(5,530)	(5,227)
Interest Expense	(7,263)	(10,455)	(14,133)	(20,919)
Interest and miscellaneous income (expense), net	307	825	85	944
Equity in income from subsidiaries	96,185	77,982	249,630	140,688
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	86,623	66,557	230,052	115,486
Income tax benefit (expense)	2,441	4,095	5,722	7,940
Income (Loss) from Continuing Operations	89,064	70,652	235,774	123,426
Income (Loss) from Discontinued Operations, Net	0	0	0	0
NET INCOME	89,064	70,652	235,774	123,426
Net Income Attributable to Noncontrolling Interest	0		0
Net income attributable to Parent	89,064		235,774
Foreign currency translation adjustment	(28,201)	(8,080)	(27,226)	(2,255)
New Zealand joint venture cash flow hedges	221	(1,998)	775	(793)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,718)	(3,401)	(8,687)	(6,541)
Total other comprehensive (loss) income	(24,262)	(6,677)	(17,764)	3,493
COMPREHENSIVE INCOME	64,802	63,975	218,010	126,919
Comprehensive loss attributable to noncontrolling interest	0		0
Comprehensive income attributable to Rayonier Inc.	64,802		218,010
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Consolidation, Eliminations [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	0	0	0	0
Other operating (income) expense, net	(661)	0	(661)	0
Costs and Expenses, Total	(661)	0	(661)	0
Equity in income (loss) of New Zealand joint venture	0	0	0	0
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	661		661
Gain on consolidation of New Zealand joint venture	0		0
OPERATING (LOSS) INCOME	661	0	661	0
Interest Expense	0	0	0	0
Interest and miscellaneous income (expense), net	0	0	0	0
Equity in income from subsidiaries	(185,249)	(148,634)	(485,404)	(264,114)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(184,588)	(148,634)	(484,743)	(264,114)
Income tax benefit (expense)	66	0	66	0
Income (Loss) from Continuing Operations	(184,522)	(148,634)	(484,677)	(264,114)
Income (Loss) from Discontinued Operations, Net	0	0	0	0
NET INCOME	(184,522)	(148,634)	(484,677)	(264,114)
Net Income Attributable to Noncontrolling Interest	0		0
Net income attributable to Parent	(184,522)		(484,677)
Foreign currency translation adjustment	37,250	16,161	35,300	4,510
New Zealand joint venture cash flow hedges	(1,754)	3,996	(2,862)	1,586
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	10,549	5,980	15,518	11,500
Total other comprehensive (loss) income	24,947	14,177	16,920	(5,404)
COMPREHENSIVE INCOME	(159,575)	(134,457)	(467,757)	(269,518)
Comprehensive loss attributable to noncontrolling interest	0		0
Comprehensive income attributable to Rayonier Inc.	(159,575)		(467,757)
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Non-Guarantor Subsidiaries [Member]
Income Statement [Abstract]
SALES	409,077	348,096	802,796	684,667
Cost of sales	297,698	243,571	563,716	479,279
Selling and general expenses	14,249	13,988	27,947	29,942
Other operating (income) expense, net	846	(5,186)	(1,299)	(6,445)
Costs and Expenses, Total	312,793	252,373	590,364	502,776
Equity in income (loss) of New Zealand joint venture	304	170	562	184
Operating Income Before Gain on Consolidation of New Zealand Joint Venture	96,588		212,994
Gain on consolidation of New Zealand joint venture	16,098		16,098
OPERATING (LOSS) INCOME	112,686	95,893	229,092	182,075
Interest Expense	658	(2,484)	3,086	(2,595)
Interest and miscellaneous income (expense), net	532	(2,285)	(1,607)	(4,339)
Equity in income from subsidiaries	0	0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	113,876	91,124	230,571	175,141
Income tax benefit (expense)	(17,691)	(16,130)	(25,418)	(38,278)
Income (Loss) from Continuing Operations	96,185	74,994	205,153	136,863
Income (Loss) from Discontinued Operations, Net	0	(2,988)	(44,477)	(3,825)
NET INCOME	96,185	77,982	249,630	140,688
Net Income Attributable to Noncontrolling Interest	727		727
Net income attributable to Parent	95,458		248,903
Foreign currency translation adjustment	(18,625)	(8,081)	(17,650)	(2,255)
New Zealand joint venture cash flow hedges	877	(1,998)	1,431	(793)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(6,831)	(2,579)	(6,831)	(4,959)
Total other comprehensive (loss) income	(10,917)	(7,500)	(9,388)	1,911
COMPREHENSIVE INCOME	85,268	$ 70,482	240,242	$ 142,599
Comprehensive loss attributable to noncontrolling interest	(9,505)		(9,505)
Comprehensive income attributable to Rayonier Inc.	$ 94,773		$ 249,747

Consolidating Financial Statements Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012	Jun. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 343,581	$ 280,596	$ 189,103	$ 78,603
Accounts receivable, less allowance for doubtful accounts	116,538	100,359
Inventory	99,091	127,966
Deferred Tax Assets, Net, Current	55,563	15,845
Prepaid and other current assets	67,444	41,508
Total current assets	682,217	566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,080,611	1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	852,432	707,038
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	72,419
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	0	0
OTHER ASSETS	212,791	203,911
TOTAL ASSETS	3,828,051	3,122,951
CURRENT LIABILITIES
Accounts payable	133,255	70,381
Current maturities of long-term debt	75,463	150,000
Accrued taxes	20,158	13,824
Accrued payroll and benefits	20,489	28,068
Accrued interest	9,835	7,956
Accrued customer incentives	10,743	10,849
Other current liabilities	51,842	18,640
Current liabilities for dispositions and discontinued operations	8,686	8,105
Total current liabilities	330,471	307,823
LONG-TERM DEBT	1,591,834	1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	69,442	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	158,594	159,582
OTHER NON-CURRENT LIABILITIES	27,590	23,900
INTERCOMPANY PAYABLE	0	0
Stockholders' Equity Attributable to Parent	1,563,539	1,438,004
Noncontrolling interest	86,581	0
TOTAL SHAREHOLDERS’ EQUITY	1,650,120	1,438,004		1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	3,828,051	3,122,951
Parent Company [Member]
CURRENT ASSETS
Cash and cash equivalents	170,442	252,888	97,335	0
Accounts receivable, less allowance for doubtful accounts	0	0
Inventory	0	0
Deferred Tax Assets, Net, Current	0	0
Prepaid and other current assets	0	0
Total current assets	170,442	252,888
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
INVESTMENT IN SUBSIDIARIES	1,575,156	1,445,205
INTERCOMPANY NOTES RECEIVABLE	217,073	213,863
OTHER ASSETS	3,928	4,148
TOTAL ASSETS	1,966,599	1,916,104
CURRENT LIABILITIES
Accounts payable	0	0
Current maturities of long-term debt	75,000	150,000
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	3,060	3,100
Accrued customer incentives	0	0
Other current liabilities	0	0
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	78,060	153,100
LONG-TERM DEBT	325,000	325,000
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	0	0
OTHER NON-CURRENT LIABILITIES	0	0
INTERCOMPANY PAYABLE	0	0
Stockholders' Equity Attributable to Parent	1,563,539
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	1,563,539	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,966,599	1,916,104
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Guarantor Subsidiaries [Member]
CURRENT ASSETS
Cash and cash equivalents	6,449	3,966	35,503	8,977
Accounts receivable, less allowance for doubtful accounts	15	386
Inventory	0	0
Deferred Tax Assets, Net, Current	0	0
Prepaid and other current assets	2,136	1,566
Total current assets	8,600	5,918
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	2,217	2,321
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		0
INVESTMENT IN SUBSIDIARIES	1,696,714	1,677,782
INTERCOMPANY NOTES RECEIVABLE	0	14,000
OTHER ASSETS	30,171	27,779
TOTAL ASSETS	1,737,702	1,727,800
CURRENT LIABILITIES
Accounts payable	1,129	2,099
Current maturities of long-term debt	0	0
Accrued taxes	2,603	485
Accrued payroll and benefits	10,689	15,044
Accrued interest	538	379
Accrued customer incentives	0	0
Other current liabilities	3,189	2,925
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	18,148	20,932
LONG-TERM DEBT	0	0
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	130,244	129,156
OTHER NON-CURRENT LIABILITIES	13,989	16,432
INTERCOMPANY PAYABLE	165	116,075
Stockholders' Equity Attributable to Parent	1,575,156
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	1,575,156	1,445,205
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,737,702	1,727,800
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Subsidiary Issuer [Member]
CURRENT ASSETS
Cash and cash equivalents	26,790	19,358	15,197	59,976
Accounts receivable, less allowance for doubtful accounts	892	0
Inventory	0	0
Deferred Tax Assets, Net, Current	0	0
Prepaid and other current assets	639	691
Total current assets	28,321	20,049
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		0
INVESTMENT IN SUBSIDIARIES	1,037,668	1,452,027
INTERCOMPANY NOTES RECEIVABLE	20,166	19,831
OTHER ASSETS	4,513	5,182
TOTAL ASSETS	1,090,668	1,497,089
CURRENT LIABILITIES
Accounts payable	505	33
Current maturities of long-term debt	0	0
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	3,753	3,197
Accrued customer incentives	0	0
Other current liabilities	0	0
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	4,258	3,230
LONG-TERM DEBT	979,511	718,321
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	0	0
OTHER NON-CURRENT LIABILITIES	0	0
INTERCOMPANY PAYABLE	0	0
Stockholders' Equity Attributable to Parent	106,899
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	106,899	775,538
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	1,090,668	1,497,089
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Non-Guarantor Subsidiaries [Member]
CURRENT ASSETS
Cash and cash equivalents	139,900	4,384	41,068	9,650
Accounts receivable, less allowance for doubtful accounts	115,631	99,973
Inventory	99,091	127,966
Deferred Tax Assets, Net, Current	55,563	15,845
Prepaid and other current assets	64,669	39,251
Total current assets	474,854	287,419
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,080,611	1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	850,215	704,717
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		72,419
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	0	0
OTHER ASSETS	174,179	166,802
TOTAL ASSETS	3,579,859	2,804,666
CURRENT LIABILITIES
Accounts payable	131,621	68,249
Current maturities of long-term debt	463	0
Accrued taxes	17,555	13,339
Accrued payroll and benefits	9,800	13,024
Accrued interest	2,484	1,280
Accrued customer incentives	10,743	10,849
Other current liabilities	48,653	15,715
Current liabilities for dispositions and discontinued operations	8,686	8,105
Total current liabilities	230,005	130,561
LONG-TERM DEBT	287,323	76,731
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	69,442	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	28,350	30,426
OTHER NON-CURRENT LIABILITIES	13,601	7,468
INTERCOMPANY PAYABLE	265,823	137,797
Stockholders' Equity Attributable to Parent	2,598,734
Noncontrolling interest	86,581
TOTAL SHAREHOLDERS’ EQUITY	2,685,315	2,348,093
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	3,579,859	2,804,666
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Consolidation, Eliminations [Member]
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Accounts receivable, less allowance for doubtful accounts	0	0
Inventory	0	0
Deferred Tax Assets, Net, Current	0	0
Prepaid and other current assets	0	0
Total current assets	0	0
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		0
INVESTMENT IN SUBSIDIARIES	(4,309,538)	(4,575,014)
INTERCOMPANY NOTES RECEIVABLE	(237,239)	(247,694)
OTHER ASSETS	0	0
TOTAL ASSETS	(4,546,777)	(4,822,708)
CURRENT LIABILITIES
Accounts payable	0	0
Current maturities of long-term debt	0	0
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	0	0
Accrued customer incentives	0	0
Other current liabilities	0	0
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	0	0
LONG-TERM DEBT	0	0
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	0	0
OTHER NON-CURRENT LIABILITIES	0	0
INTERCOMPANY PAYABLE	(265,988)	(253,872)
Stockholders' Equity Attributable to Parent	(4,280,789)
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	(4,280,789)	(4,568,836)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	(4,546,777)	(4,822,708)
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Guarantor Subsidiaries [Member]
CURRENT ASSETS
Cash and cash equivalents	33,239	23,324	50,700	68,953
Accounts receivable, less allowance for doubtful accounts	907	386
Inventory	0	0
Deferred Tax Assets, Net, Current	0	0
Prepaid and other current assets	2,775	2,257
Total current assets	36,921	25,967
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	2,217	2,321
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
INVESTMENT IN SUBSIDIARIES	2,627,483	2,354,270
INTERCOMPANY NOTES RECEIVABLE	20,166	33,831
OTHER ASSETS	34,684	32,961
TOTAL ASSETS	2,721,471	2,449,350
CURRENT LIABILITIES
Accounts payable	1,634	2,132
Current maturities of long-term debt	0	0
Accrued taxes	2,603	485
Accrued payroll and benefits	10,689	15,044
Accrued interest	4,291	3,576
Accrued customer incentives	0	0
Other current liabilities	3,189	2,925
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	22,406	24,162
LONG-TERM DEBT	979,511	718,321
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	130,244	129,156
OTHER NON-CURRENT LIABILITIES	13,989	16,432
INTERCOMPANY PAYABLE	165	116,074
Stockholders' Equity Attributable to Parent	1,575,156
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	1,575,156	1,445,205
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	2,721,471	2,449,350
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Non-Guarantor Subsidiaries [Member]
CURRENT ASSETS
Cash and cash equivalents		4,384	41,068	9,650
Accounts receivable, less allowance for doubtful accounts		99,973
Inventory		127,966
Deferred Tax Assets, Net, Current		15,845
Prepaid and other current assets		39,251
Total current assets		287,419
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION		1,573,309
NET PROPERTY, PLANT AND EQUIPMENT		704,717
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures		72,419
INVESTMENT IN SUBSIDIARIES		0
INTERCOMPANY NOTES RECEIVABLE		0
OTHER ASSETS		166,802
TOTAL ASSETS		2,804,666
CURRENT LIABILITIES
Accounts payable		68,249
Current maturities of long-term debt		0
Accrued taxes		13,339
Accrued payroll and benefits		13,024
Accrued interest		1,280
Accrued customer incentives		10,849
Other current liabilities		15,715
Current liabilities for dispositions and discontinued operations		8,105
Total current liabilities		130,561
LONG-TERM DEBT		76,731
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS		73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS		30,426
OTHER NON-CURRENT LIABILITIES		7,468
INTERCOMPANY PAYABLE		137,797
TOTAL SHAREHOLDERS’ EQUITY		2,348,093
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		2,804,666
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Consolidation, Eliminations [Member]
CURRENT ASSETS
Cash and cash equivalents	0	0	$ 0	$ 0
Accounts receivable, less allowance for doubtful accounts	0	0
Inventory	0	0
Deferred Tax Assets, Net, Current	0	0
Prepaid and other current assets	0	0
Total current assets	0	0
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0
INVESTMENT IN SUBSIDIARIES	(4,202,639)	(3,799,475)
INTERCOMPANY NOTES RECEIVABLE	(237,239)	(247,694)
OTHER ASSETS	0	0
TOTAL ASSETS	(4,439,878)	(4,047,169)
CURRENT LIABILITIES
Accounts payable	0	0
Current maturities of long-term debt	0	0
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	0	0
Accrued customer incentives	0	0
Other current liabilities	0	0
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	0	0
LONG-TERM DEBT	0	0
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	0	0
OTHER NON-CURRENT LIABILITIES	0	0
INTERCOMPANY PAYABLE	(265,988)	(253,871)
Stockholders' Equity Attributable to Parent	(4,173,890)
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	(4,173,890)	(3,793,298)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ (4,439,878)	$ (4,047,169)

Consolidating Financial Statements Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	$ 235,672	$ 208,876
INVESTING ACTIVITIES
Capital Expenditures	(94,126)	(76,246)
Purchase of additional interest in New Zealand joint venture	(139,879)	0
Purchase of timberlands	(10,447)	(8,687)
Intercompany purchase of real estate	0
Jesup mill cellulose specialties expansion	(100,185)	(63,998)
Proceeds from disposition of Wood Products business	72,953	0
Change in restricted cash	7,603	(14,427)
Investment in Subsidiaries	0	0
Other	20,076	(704)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	244,005	164,062
FINANCING ACTIVITIES
Issuance of debt	455,000	355,000
Repayment of debt	(273,087)	(188,110)
Dividends paid	(113,222)	(98,201)
Proceeds from the issuance of common shares	6,643	3,980
Excess tax benefits on stock-based compensation	7,399	4,234
Debt issuance costs	0	(3,653)
Repurchase of common shares	(11,241)	(7,783)
Intercompany distributions	0	0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	71,492	65,467
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(174)	219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	62,985	110,500
Balance, beginning of year	280,596	78,603
Balance, end of period	343,581	189,103
Parent Company [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	248,552	3,173
INVESTING ACTIVITIES
Capital Expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Intercompany purchase of real estate	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(138,178)	5,181
Other	0	0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	138,178	5,181
FINANCING ACTIVITIES
Issuance of debt	175,000	325,000
Repayment of debt	(250,000)	(120,000)
Dividends paid	(113,222)	(98,201)
Proceeds from the issuance of common shares	6,643	3,980
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs	0	(3,653)
Repurchase of common shares	(11,241)	(7,783)
Intercompany distributions	0	0
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(192,820)	99,343
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(82,446)	97,335
Balance, beginning of year	252,888	0
Balance, end of period	170,442	97,335
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Guarantor Subsidiaries [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	247,599	51,579
INVESTING ACTIVITIES
Capital Expenditures	(89)	(165)
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Intercompany purchase of real estate	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(138,178)	0
Other	1,700	(69)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	136,567	234
FINANCING ACTIVITIES
Issuance of debt	0	0
Repayment of debt	0	(30,000)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs		0
Repurchase of common shares	0	0
Intercompany distributions	(108,549)	5,181
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(108,549)	(24,819)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	2,483	26,526
Balance, beginning of year	3,966	8,977
Balance, end of period	6,449	35,503
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Subsidiary Issuer [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	64,000	12,000
INVESTING ACTIVITIES
Capital Expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Intercompany purchase of real estate	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(249,481)	39,436
Other	0	0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	249,481	39,436
FINANCING ACTIVITIES
Issuance of debt	280,000	15,000
Repayment of debt	(23,087)	(23,110)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs		0
Repurchase of common shares	0	0
Intercompany distributions	(64,000)	(9,233)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	192,913	(17,343)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	7,432	(44,779)
Balance, beginning of year	19,358	59,976
Balance, end of period	26,790	15,197
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Non-Guarantor Subsidiaries [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	212,977	181,124
INVESTING ACTIVITIES
Capital Expenditures	(94,037)	(76,081)
Purchase of additional interest in New Zealand joint venture	139,879
Purchase of timberlands	(10,447)	(8,687)
Intercompany purchase of real estate	984
Jesup mill cellulose specialties expansion	(100,185)	(63,998)
Proceeds from disposition of Wood Products business	72,953
Change in restricted cash	7,603	(14,427)
Investment in Subsidiaries	0	0
Other	18,376	(635)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	244,632	163,828
FINANCING ACTIVITIES
Issuance of debt	0	15,000
Repayment of debt	0	(15,000)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	7,399	4,234
Debt issuance costs		0
Repurchase of common shares	0	0
Intercompany distributions	159,946	9,669
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	167,345	13,903
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(174)	219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	135,516	31,418
Balance, beginning of year	4,384	9,650
Balance, end of period	139,900	41,068
Senior Exchangeable Notes due 2015 [Member] [Domain] \| Consolidation, Eliminations [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	(537,456)	(39,000)
INVESTING ACTIVITIES
Capital Expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Intercompany purchase of real estate	(984)
Jesup mill cellulose specialties expansion	0	0
Proceeds from disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	525,837	(44,617)
Other	0	0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	(524,853)	(44,617)
FINANCING ACTIVITIES
Issuance of debt	0	0
Repayment of debt	0	0
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs		0
Repurchase of common shares	0	0
Intercompany distributions	12,603	(5,617)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	12,603	(5,617)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	0	0
Balance, beginning of year	0	0
Balance, end of period	0	0
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Guarantor Subsidiaries [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	247,599	54,346
INVESTING ACTIVITIES
Capital Expenditures	(89)	(165)
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Intercompany purchase of real estate	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(387,659)	39,436
Other	1,700	(69)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	386,048	39,670
FINANCING ACTIVITIES
Issuance of debt	280,000	15,000
Repayment of debt	(23,087)	(53,110)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs	0	0
Repurchase of common shares	0	0
Intercompany distributions	(108,549)	5,181
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	148,364	(32,929)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	9,915	(18,253)
Balance, beginning of year	23,324	68,953
Balance, end of period	33,239	50,700
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Non-Guarantor Subsidiaries [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	212,977	181,124
INVESTING ACTIVITIES
Capital Expenditures	(94,037)	(76,081)
Purchase of additional interest in New Zealand joint venture	(139,879)
Purchase of timberlands	(10,447)	(8,687)
Intercompany purchase of real estate	(984)
Jesup mill cellulose specialties expansion	(100,185)	(63,998)
Proceeds from disposition of Wood Products business	72,953
Change in restricted cash	7,603	(14,427)
Investment in Subsidiaries	0	0
Other	18,376	(635)
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	244,632	163,828
FINANCING ACTIVITIES
Issuance of debt	0	15,000
Repayment of debt	0	(15,000)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	7,399	4,234
Debt issuance costs	0	0
Repurchase of common shares	0	0
Intercompany distributions	159,946	9,669
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	167,345	13,903
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(174)	219
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	135,516	31,418
Balance, beginning of year	4,384	9,650
Balance, end of period		41,068
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Consolidation, Eliminations [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY (USED FOR) OPERATING ACTIVITIES	(473,456)	(29,767)
INVESTING ACTIVITIES
Capital Expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Intercompany purchase of real estate	984
Jesup mill cellulose specialties expansion	0	0
Proceeds from disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	525,837	(44,617)
Other	0	0
CASH (USED FOR) PROVIDED BY INVESTING ACTIVITIES	(524,853)	(44,617)
FINANCING ACTIVITIES
Issuance of debt	0	0
Repayment of debt	0	0
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs	0	0
Repurchase of common shares	0	0
Intercompany distributions	(51,397)	(14,850)
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	(51,397)	(14,850)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	0	0
Balance, beginning of year	0	0
Balance, end of period	$ 0	$ 0