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Document and Entity Information Document - shares	9 Months Ended
Document and Entity Information Document - shares	Sep. 30, 2013	Oct. 23, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	RAYONIER INC.
Trading Symbol	RYN
Entity Central Index Key	0000052827
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		126,255,949

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
SALES	$ 384,784	$ 386,163	$ 1,187,580	$ 1,070,830
Costs and Expenses
Cost of sales	287,150	259,201	850,866	738,480
Selling and general expenses	15,326	15,476	48,354	50,633
Other operating (income) expense, net	(1,341)	306	(4,553)	(6,128)
Costs and Expenses, Total	301,135	274,983	894,667	782,985
Equity in income of New Zealand joint venture	0	66	562	249
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	83,649	111,246	293,475	288,094
Gain related to consolidation of New Zealand joint venture (Note 6)	0	0	16,098	0
OPERATING INCOME	83,649	111,246	309,573	288,094
Interest expense	(13,031)	(8,253)	(30,768)	(36,133)
Interest and miscellaneous (expense) income, net	(746)	234	1,911	294
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	69,872	103,227	280,716	252,255
Income tax expense	(11,505)	(23,949)	(31,200)	(54,287)
INCOME FROM CONTINUING OPERATIONS	58,367	79,278	249,516	197,968
DISCONTINUED OPERATIONS, NET (Note 2)
Income from discontinued operations, net of income tax expense of $0, $646, $22,273 and $2,573	0	1,282	44,477	5,108
NET INCOME	58,367	80,560	293,993	203,076	$ 278,685
Less: Net income attributable to noncontrolling interest	1,022	0	1,749	0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345	80,560	292,244	203,076
OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation adjustment	24,259	5,373	(2,967)	3,115	4,352
New Zealand joint venture cash flow hedges	3,433	878	4,209	86	213
Amortization of pension and postretirement plans, net of income tax expense of $1,579, $1,482, $5,403 and $4,332	3,639	3,401	12,326	9,943	$ (496)
Total other comprehensive income	31,331	9,652	13,568	13,144
COMPREHENSIVE INCOME	89,698	90,212	307,561	216,220
Less: Comprehensive income (loss) attributable to noncontrolling interest	8,594	0	(909)	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 81,104	$ 90,212	$ 308,470	$ 216,220
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing Operations, Basic (in dollars per share)	$ 0.45	$ 0.65	$ 1.97	$ 1.62
Discontinued Operations, Basic (in dollars per share)	0.00	0.01	0.36	0.04
Net Income, Basic (in dollars per share)	0.45	0.66	2.33	1.66
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing Operations, Diluted (in dollars per share)	0.44	0.61	1.89	1.54
Discontinued Operations, Diluted (in dollars per share)	0.00	0.01	0.34	0.04
Net Income, Diluted (in dollars per share)	$ 0.44	$ 0.62	$ 2.23	$ 1.58

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Statement of Comprehensive Income [Abstract]
Income from discontinued operations, income tax expense	$ 0	$ 646	$ 22,273	$ 2,573
Amortization of pension and postretirement plans, income tax expense	$ 1,579	$ 1,482	$ 5,403	$ 4,332

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 260,738	$ 280,596
Accounts receivable, less allowance for doubtful accounts of $595 and $417	124,360	100,359
Inventory
Finished goods	115,635	103,568
Work in progress	3,304	4,446
Raw materials	12,823	17,602
Manufacturing and maintenance supplies	2,223	2,350
Total inventory	133,985	127,966
Deferred tax assets	62,914	15,845
Prepaid and other current assets	59,184	41,508
Total current assets	641,181	566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,103,503	1,573,309
PROPERTY, PLANT AND EQUIPMENT
Land	23,168	27,383
Buildings	184,933	147,445
Machinery and equipment	1,761,590	1,444,012
Construction in progress	17,157	268,459
Total property, plant and equipment, gross	1,986,848	1,887,299
Less — accumulated depreciation	(1,118,416)	(1,180,261)
Total property, plant and equipment, net	868,432	707,038
INVESTMENT IN JOINT VENTURE (Note 6)	0	72,419
OTHER ASSETS	205,004	203,911
TOTAL ASSETS	3,818,120	3,122,951
CURRENT LIABILITIES
Accounts payable	98,970	70,381
Current maturities of long-term debt	10,000	150,000
Accrued taxes	20,146	13,824
Accrued payroll and benefits	26,484	28,068
Accrued interest	13,854	7,956
Accrued customer incentives	10,771	10,849
Other current liabilities	51,191	18,640
Current liabilities for dispositions and discontinued operations (Note 13)	8,446	8,105
Total current liabilities	239,862	307,823
LONG-TERM DEBT	1,646,337	1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Note 13)	67,125	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15)	158,663	159,582
OTHER NON-CURRENT LIABILITIES	21,254	23,900
COMMITMENTS AND CONTINGENCIES (Notes 11, 12 and 14)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 126,224,421 and 123,332,444 shares issued and outstanding	687,357	670,749
Retained earnings	995,249	876,634
Accumulated other comprehensive loss	(93,153)	(109,379)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453	1,438,004
Noncontrolling interest	95,426	0
TOTAL SHAREHOLDERS’ EQUITY	1,684,879	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 3,818,120	$ 3,122,951

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012
Current Assets:
Accounts receivable, allowance for doubtful accounts	$ 595	$ 417
Shareholders' Equity:
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares issued	126,224,421	123,332,444
Common stock, shares outstanding	126,224,421	123,332,444

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

3 Months Ended

9 Months Ended

12 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Apr. 04, 2013

^[1]

OPERATING ACTIVITIES

Net income

$ 58,367

$ 80,560

$ 293,993

$ 203,076

$ 278,685

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

Depreciation, depletion and amortization

53,151

35,526

132,810

100,130

Non-cash cost of real estate sold

4,349

3,005

Stock-based incentive compensation expense

8,993

12,212

Amortization of debt discount/premium

887

5,367

Deferred income taxes

42,832

(6,028)

Tax benefit of AFMC for CBPC exchange

(18,761)

(11,660)

Non-cash adjustments to unrecognized tax benefit liability

3,966

Amortization of losses from pension and postretirement plans

16,835

14,275

Gain on sale of discontinued operations, net

(42,670)

(16,098)

Loss on early redemption of exchangeable notes

3,017

Other

(8,538)

(332)

Changes in operating assets and liabilities:

Receivables

(18,710)

(14,169)

Inventories

(9,040)

(646)

Accounts payable

13,712

(13,326)

Income tax receivable/payable

(2,482)

52,189

All other operating activities

5,863

16,416

Payment to exchange AFMC for CBPC

(70,311)

Expenditures for dispositions and discontinued operations

(6,411)

(6,867)

CASH PROVIDED BY OPERATING ACTIVITIES

334,236

353,642

INVESTING ACTIVITIES

Capital expenditures

(122,482)

(112,015)

Purchase of additional interest in New Zealand joint venture

(139,879)

Purchase of timberlands

(11,650)

(11,632)

Jesup mill cellulose specialties expansion (gross purchases of $140,820 and $130,718, net of purchases on account of $3,428 and $25,936)

(137,392)

(104,782)

Proceeds from disposition of Wood Products business, net of income tax payments of $16,027

68,063

Change in restricted cash

3,989

(12,796)

Other

159

4,281

CASH USED FOR INVESTING ACTIVITIES

(339,192)

(236,944)

FINANCING ACTIVITIES

Issuance of debt

607,885

355,000

Repayment of debt

(453,463)

(198,653)

Dividends paid

(175,079)

(152,358)

Proceeds from the issuance of common shares

9,205

20,732

Excess tax benefits on stock-based compensation

8,189

7,057

Debt issuance costs

(3,698)

Repurchase of common shares

(11,303)

(7,783)

CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES

(14,566)

20,297

EFFECT OF EXCHANGE RATE CHANGES ON CASH

(336)

(123)

CASH AND CASH EQUIVALENTS

Change in cash and cash equivalents

(19,858)

136,872

Balance, beginning of year

280,596

78,603

Balance, end of period

260,738

215,475

260,738

215,475

$ 280,596

Cash paid during the period:

Interest

26,930

18,239

Income taxes

88,024

14,912

Non-cash investing activity:

Capital assets purchased on account

29,738

52,727

Non-cash financing activity:

Shareholder debt assumed in acquisition of New Zealand joint venture

$ 125,532

$ 0

125,532

$ 125,532

Partial conversion of Senior Exchangeable Notes to equity

1,497

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 New Zealand 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	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Investing Activities:
Jesup mill cellulose specialties expansion, gross purchases	$ 140,820	$ 130,718
Jesup mill cellulose specialties expansion, purchases on account	3,428	25,936
Income tax payments, Wood Products disposition	$ 16,027	$ 0

BASIS OF PRESENTATION	9 Months Ended
BASIS OF PRESENTATION	Sep. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	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 one subsequent event was identified that warranted disclosure. See Note 16 — Debt for additional information.

SALE OF WOOD PRODUCTS BUSINESS

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

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 nine months ended September 30, 2013.

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



	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013			2012
Sales	$	—	$	22,825		$	16,968		$	65,865
Cost of sales and other	—		(20,897		)	(14,258		)	(58,184		)
Gain on sale of discontinued operations	—		—			64,040			—
Income from discontinued operations before income taxes	—		1,928			66,750			7,681
Income tax expense	—		(646		)	(22,273		)	(2,573		)
Income from discontinued operations, net	$	—	$	1,282		$	44,477		$	5,108

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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Wood chip purchases	$	—	$	3,270	$	1,650	$	9,507
Saw timber procurement services	—		282		223		856
Total intercompany	$	—	$	3,552	$	1,873	$	10,363

- 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
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-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

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-Section 50
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
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-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e957-107759

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-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6892542&loc=d3e1012-107759

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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

+ Details

EARNINGS PER COMMON SHARE

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

EARNINGS PER COMMON SHARE

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Income from continuing operations	$	58,367	$	79,278	$	249,516	$	197,968
Less: Income from continuing operations attributable to noncontrolling interest	1,022		—		1,749		—
Income from continuing operations attributable to Rayonier Inc.	$	57,345	$	79,278	$	247,767	$	197,968

Income from discontinued operations attributable to Rayonier Inc.	$	—	$	1,282	$	44,477	$	5,108

Net income attributable to Rayonier Inc.	$	57,345	$	80,560	$	292,244	$	203,076

Shares used for determining basic earnings per common share	126,122,151		122,848,705		125,549,133		122,552,910
Dilutive effect of:
Stock options	468,286		603,761		501,324		667,960
Performance and restricted shares	546,247		755,884		518,138		735,653
Assumed conversion of Senior Exchangeable Notes (a)	2,168,254		3,683,936		2,176,414		3,148,423
Assumed conversion of warrants (a) (b)	1,608,466		2,067,380		2,043,965		1,443,606
Shares used for determining diluted earnings per common share	130,913,404		129,959,666		130,788,974		128,548,552
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.45	$	0.65	$	1.97	$	1.62
Discontinued operations	—		0.01		0.36		0.04
Net income	$	0.45	$	0.66	$	2.33	$	1.66
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.44	$	0.61	$	1.89	$	1.54
Discontinued operations	—		0.01		0.34		0.04
Net income	$	0.44	$	0.62	$	2.23	$	1.58



	Three Months Ended September 30,		Nine Months Ended September 30,
	2013	2012	2013	2012
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	101,884	123,217	167,487	261,759
Assumed conversion of exchangeable note hedges (a)	2,168,254	3,683,936	2,176,414	3,148,423
Total	2,270,138	3,807,153	2,343,901	3,410,182

(a) The Senior Exchangeable Notes due 2012 (the “2012 Notes”) matured in October 2012 and $31.5 million of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) were redeemed by the noteholders in September 2013; however, no additional shares were issued due to offsetting exchangeable note hedges. Similarly, Rayonier will not issue additional shares upon future exchange or maturity of 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 included for the three and nine months ended September 30, 2012. The full dilutive effect of the 2015 Notes was included for the three and nine months ended September 30, 2012, while only a proportional amount based on the length of time the $31.5 million balance was outstanding before the exchange was included for the three and nine months ended September 30, 2013.

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 associated with the 2015 Notes if the stock price exceeds $39.24 per share. For further information, 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 associated with the 2012 Notes in the first nine months of 2013 were primarily due to an increase in the average stock price from $45.65 in the nine months ended September 30, 2012 to $56.42, partially offset by a decrease in dilutive shares due to the maturity of the warrants. The shares used for the assumed conversion of the warrants decreased in the third quarter of 2013 as there was no dilutive impact from the warrants on the 2012 Notes.

INCOME TAXES

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

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. 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 original 2009 tax return.

In the first quarter of 2013 management approved the exchange of approximately 120 million gallons of black liquor for the CBPC previously claimed for the AFMC, resulting in a $18.8 million tax benefit. In the third quarter 2012, management approved the exchange of approximately 22 million gallons, bringing the total number of exchange gallons approved year-to date to 82 million for 2012. The impact of the exchanges in 2012 was $2.6 million and $11.7 million for the quarter and year-to-date periods, respectively. Third quarter 2012 results also reflect the reversal of a $3.4 million interest expense accrual based on IRS guidance stating interest payments are not required for AFMC exchanged for the CBPC, based upon the manner of the Company's original claim. For additional information on the AFMC and CBPC, see Note 8 — Income Taxes in the Company’s 2012 Annual Report.

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 September 30,
	2013					2012
Income tax expense at federal statutory rate	$	24		35.0	%	$	36		35.0	%
REIT income not subject to tax	(11		)	(15.7	)	(6		)	(5.9	)
Other	1			0.5		(2		)	(2.3	)
Income tax expense before discrete items	14			19.8	%	28			26.8	%
Exchange of AFMC for CBPC	—			—		(3		)	(3.1	)
Other	(2		)	(3.3	)	(1		)	(0.5	)
Income tax expense as reported	$	12		16.5	%	$	24		23.2	%



	Nine Months Ended September 30,
	2013					2012
Income tax expense at federal statutory rate	$	98		35.0	%	$	88		35.0	%
REIT income not subject to tax	(37		)	(13.2	)	(18		)	(7.2	)
Other	(1		)	(0.5	)	(3		)	(1.3	)
Income tax expense before discrete items	60			21.3	%	67			26.5	%
Exchange of AFMC for CBPC	(19		)	(6.7	)	(12		)	(4.6	)
Gain related to consolidation of New Zealand joint venture	(5		)	(2.0	)	—			—
Other	(5		)	(1.5	)	(1		)	(0.4	)
Income tax expense as reported	$	31		11.1	%	$	54		21.5	%

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 nine months ended September 30, 2013 and 2012, income tax expense related to discontinued operations was $22.3 million ($21.4 million from the gain on sale) and $2.6 million, respectively. For the three months ended September 30, 2012, income tax related to discontinued operations was $0.6 million. See Note 2 — Sale of Wood Products Business for additional information.

Unrecognized Tax Benefits

In accordance with generally accepted accounting principles, the Company recognizes the impact of a tax position if a position is “more likely than not” to prevail. During third quarter 2013, the Company filed an amended 2009 federal income tax return reflecting an increased domestic production deduction due to the inclusion of the CBPC income. As required, the Company recorded a $4.8 million liability related to this uncertain tax position.

RESTRICTED DEPOSITS	9 Months Ended
RESTRICTED DEPOSITS	Sep. 30, 2013
Restricted Cash and Investments [Abstract]
RESTRICTED DEPOSITS	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 September 30, 2013 and December 31, 2012, the Company had $6.6 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

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

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 (“New Zealand 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 New Zealand 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 September 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 New Zealand JV forests and operates a log trading business.

The purchase price of the additional interest in the New Zealand 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 additional consideration to the New Zealand 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. In the second quarter of 2013, the contingent consideration was 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 New Zealand JV as an equity method investment. The additional 39 percent interest acquired resulted in the Company obtaining a controlling financial interest in the New Zealand 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 New Zealand 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 New Zealand 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 nine months ended September 30, 2013 reflect 26 percent of the New Zealand 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 New Zealand JV included in the Company’s Consolidated Statements of Income and Comprehensive Income from the acquisition date to the period ended September 30, 2013 are as follows:



	Revenue and earnings from April 4, 2013 to September 30, 2013
Sales	$	98,717
Net Income	4,997

The following represents the pro forma consolidated sales and net income for the 2013 and 2012 third quarter and year-to-date periods as if the additional interest in the New Zealand JV had been acquired on January 1, 2012.



	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Sales	$	384,784	$	437,881	$	1,222,106	$	1,216,691
Net Income	$	58,367	$	78,598	$	292,234	$	197,330

SHAREHOLDERS'S EQUITY

9 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

SHAREHOLDERS'S EQUITY

SHAREHOLDERS’ EQUITY

An analysis of shareholders’ equity for the nine months ended September 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	—		—			—			—			96,335			96,335
Net income	—		—			292,244			—			1,749			293,993
Dividends ($1.37 per share)	—		—			(173,629		)	—			—			(173,629		)
Issuance of shares under incentive stock plans	967,566		9,205			—			—			—			9,205
Stock-based compensation	—		9,020			—			—			—			9,020
Excess tax benefit on stock-based compensation	—		8,189			—			—			—			8,189
Repurchase of common shares	(210,810	)	(11,303		)	—			—			—			(11,303		)
Equity portion of convertible debt (Note 16)	—		1,497			—			—			—			1,497
Settlement of warrants (Note 16)	2,135,221		—			—			—			—			—
Amortization of pension and postretirement plans	—		—			—			12,326			—			12,326
Foreign currency translation adjustment	—		—			—			237			(3,204		)	(2,967		)
Joint venture cash flow hedges	—		—			—			3,663			546			4,209
Balance, September 30, 2013	126,224,421		$	687,357		$	995,249		$	(93,153	)	$	95,426		$	1,684,879

- Definition

The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.

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+ Details

SEGMENT AND GEOGRAPHICAL INFORMATION

9 Months Ended

Sep. 30, 2013

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

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 New Zealand JV, bringing its total ownership to 65 percent. As a result, 100 percent of the New Zealand 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 New Zealand JV’s assets and liabilities are fully consolidated at September 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 included two major product lines, cellulose specialties and absorbent materials. Beginning in the third quarter of 2013 and in conjunction with the completion of the cellulose specialties expansion (“CSE”) project, the Company’s Jesup mill discontinued producing absorbent material and began producing commodity viscose during the multi-year transition to higher cellulose specialties volume. Commodity viscose is a dissolving wood pulp used primarily in the manufacture of textiles. Commodity Viscose/Other includes commodity viscose and off-grade.

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:



	September 30,		December 31,
ASSETS	2013		2012
Forest Resources	$	2,216,727	$	1,690,030
Real Estate	88,002		112,647
Performance Fibers	1,122,779		902,309
Wood Products (a)	—		18,454
Other Operations	29,056		23,296
Corporate and other	361,556		376,215
Total	$	3,818,120	$	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 September 30,						Nine Months Ended September 30,
SALES	2013			2012			2013			2012
Forest Resources	$	111,260		$	59,853		$	277,422		$	164,711
Real Estate	14,088			13,043			51,761			37,369
Performance Fibers	224,243			288,221			761,456			793,586
Other Operations	35,295			26,293			97,394			76,702
Intersegment Eliminations	(102		)	(1,247		)	(453		)	(1,538		)
Total	$	384,784		$	386,163		$	1,187,580		$	1,070,830



	Three Months Ended September 30,						Nine Months Ended September 30,
OPERATING INCOME(LOSS)	2013			2012			2013			2012
Forest Resources	$	23,172		$	11,184		$	57,317		$	27,438
Real Estate	7,521			8,420			30,468			20,897
Performance Fibers	62,663			101,455			233,415			265,812
Other Operations	(301		)	(419		)	1,643			(201		)
Corporate and other (c)	(9,406		)	(9,394		)	(13,270		)	(25,852		)
Total	$	83,649		$	111,246		$	309,573		$	288,094


(c)	The nine months ended September 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 September 30,				Nine Months Ended September 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2013		2012		2013		2012
Forest Resources	$	28,475	$	18,793	$	72,210	$	52,662
Real Estate	2,074		1,288		8,720		4,733
Performance Fibers	22,340		15,077		51,142		41,577
Corporate and other	262		368		738		1,158
Total	$	53,151	$	35,526	$	132,810	$	100,130

- 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.

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+ Details

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

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 derivative 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 New Zealand 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 New Zealand 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 September 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 New Zealand 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 September 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 third quarter and nine months ended September 30, 2013:



		September 30, 2013
	Income Statement Location	Three Months Ended			Nine Months Ended
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive income (loss)	$	2,602		$	1,093
	Other operating income (expense)	(619		)	(619		)
Foreign currency option contracts	Other comprehensive income (loss)	832			468

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating income (expense)	360			1,786
Foreign currency option contracts	Other operating income (expense)	480			(1,011		)
Interest rate swaps	Interest and other miscellaneous income	2,079			4,729
Fuel hedges	Cost of sales - benefit	(162		)	(14		)

During the next 12 months, the amount of the September 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 $1.5 million.

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



	September 30, 2013
	Notional Amount (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	$	23,500
Foreign currency option contracts	32,000

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	$	8,650
Foreign currency option contracts	16,000
Interest rate swaps	185,013
Fuel contracts	41

(a) All notional amounts are stated in thousands of 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 September 30, 2013:



	September 30, 2013
	Location on Balance Sheet	Fair Value Assets (Liabilities) (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current liabilities	(9		)
	Other assets	1,101
Foreign currency option contracts	Other current liabilities	(286		)
	Other assets	755

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Prepaid and other current assets	204
Foreign currency option contracts	Other current liabilities	(56		)
	Other assets	200
Interest rate swaps	Other current liabilities	(2,949		)
	Other non-current liabilities	(4,164		)
Fuel contracts	Other current liabilities	(109		)

Total derivative contracts:
Prepaid and other current assets		204
Other assets		2,056
Total derivative assets		$	2,260

Other current liabilities		(3,409		)
Other non-current liabilities		(4,164		)
Total derivative liabilities		$	(7,573	)


(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 derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts.

+ References

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+ Details

FAIR VALUE MEASUREMENTS

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

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 September 30, 2013 and December 31, 2012, using market information and what management believes to be appropriate valuation methodologies under generally accepted accounting principles:



	September 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	$	260,738		$	260,738	$	—			$	280,596		$	280,596	$	—
Restricted cash (a)	6,569			6,569		—				10,559			10,559		—
Current maturities of long-term debt	(10,000		)	—		(16,900		)	(b)	(150,000		)	—		(150,000		)
Long-term debt	(1,646,337		)	—		(1,739,813		)		(1,120,052		)	—		(1,250,341		)
Interest rate swaps (c)	(7,113		)	—		(7,113		)		—			—		—
Foreign currency exchange contracts (c)	1,296			—		1,296				—			—		—
Foreign currency option contracts (c)	613			—		613				—			—		—
Fuel contracts (c)	(109		)	—		(109		)		—			—		—


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


(b)	The fair market value of current maturities of long-term-term debt represents the value of the debt and equity associated with the early redemption of a portion of the Senior Exchangeable Notes due 2015. The Company has a hedge agreement that offsets the $6.9 million equity portion of the current maturity. See Note 16 — Debt for more information regarding the exchange of the notes.


(c)	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 option 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 + Details

GUARANTEES

9 Months Ended

Sep. 30, 2013

Guarantees [Abstract]

GUARANTEES

The Company provides financial guarantees as required by creditors, insurance programs, and various governmental agencies. As of September 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)	7,328		1,151
Total financial commitments	$	27,787	$	16,194


(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 September 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 during 2014 and are expected to be renewed as required.

COMMITMENTS

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS

As disclosed in the Company’s Annual Report on Form 10-K, Rayonier leases certain buildings, machinery and equipment under various operating leases. Rayonier’s commitments have changed primarily due to the acquisition of a controlling interest in the New Zealand JV and sale of the Wood Products business. The following table shows the increase in the Company’s commitments, as of September 30, 2013:



	Forestry Rights (a)		Forest Leases (b)		Operating Leases (c)		Purchase Obligations (d)
Remaining 2013	$	474	$	290	$	315	2,088
2014	1,639		1,153		883		8,645
2015	1,639		1,153		612		8,345
2016	1,639		1,153		1,632		9,577
2017	1,639		1,153		2,410		8,597
Thereafter	42,642		57,799		17,789		6,005
	$	49,672	$	62,701	$	23,641	$	43,257

(a) Forestry rights grant access to the leased land for the purpose of harvesting. The majority of the New Zealand 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).

(c) Operating leases include New Zealand leases on buildings, machinery and equipment under various operating leases and a Jesup mill natural gas transportation lease.


(d)	Pursuant to the Wood Products purchase and sale agreement, Rayonier contracted with Interfor to purchase wood chips produced at the lumber mills for use at Rayonier’s Jesup mill. Purchase obligations include obligations under this agreement as well as payments expected to be made on derivative financial instruments held in New Zealand.

The New Zealand JV has a number of Crown Forest Licenses (“CFL”) with the New Zealand government, which are excluded from the table above. 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 September 30, 2013, the New Zealand 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

9 Months Ended

Sep. 30, 2013

Liabilities of Disposal Group, Including Discontinued Operation [Abstract]

LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS

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



	September 30,			December 31,
	2013			2012
Balance, beginning of period	$	81,695		$	90,824
Expenditures charged to liabilities	(6,411		)	(9,926		)
Increase to liabilities	287			797
Balance, end of period	75,571			81,695
Less: Current portion	(8,446		)	(8,105		)
Non-current portion	$	67,125		$	73,590

The Company is exposed to the risk of reasonably possible additional losses in excess of the established liabilities. As of September 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.

CONTINGENCIES	9 Months Ended
CONTINGENCIES	Sep. 30, 2013
Loss Contingency [Abstract]
CONTINGENCIES	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.

EMPLOYEE BENEFIT PLANS

9 Months Ended

Sep. 30, 2013

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

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 recorded are shown in the following tables:



	Pension						Postretirement
	Three Months Ended September 30,						Three Months Ended September 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	2,011		$	2,102		$	330	$	227
Interest cost	3,953			4,321			231		242
Expected return on plan assets	(5,966		)	(6,369		)	—		—
Amortization of prior service cost	322			327			6		6
Amortization of losses	4,792			4,394			98		156
Net periodic benefit cost	$	5,112		$	4,775		$	665	$	631



	Pension						Postretirement
	Nine Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	6,441		$	6,143		$	828	$	664
Interest cost	12,740			12,630			711		706
Expected return on plan assets	(19,356		)	(18,618		)	—		—
Amortization of prior service cost	1,032			956			19		18
Amortization of losses	15,308			12,846			533		455
Net periodic benefit cost	$	16,165		$	13,957		$	2,091	$	1,843

In 2013, the Company has no mandatory pension contribution requirements and does not expect to make any discretionary contributions.

DEBT

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

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. In first and second quarter 2013, 8,313,511 of warrants were settled, resulting in the issuance of 2,135,221 Rayonier common shares.

As of June 30, 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 September 30, 2013. According to 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 September 30, 2013, three groups of note holders elected to exercise their right to redeem $41.5 million of the notes. As of September 30, 2013, two redemptions in the amount of $31.5 million have settled. The third redemption of $10 million was settled on October 3, 2013 and classified as short-term debt at September 30, 2013. In accordance with Accounting Standards Codification (“ASC”) 470-50, Modifications and Extinguishments [Debt], the fair value of the debt prior to redemption was compared to its carrying amount and the difference expensed, along with unamortized discount and issuance costs. As a result, Rayonier recorded a loss on debt extinguishment of $3 million in the third quarter.

Based upon the average stock price for the 30 trading days ended September 30, 2013, these notes again became exchangeable at the option of the holder for the calendar quarter ending December 31, 2013. The remaining balance of the notes is classified as long-term debt at September 30, 2013 due to the ability and intent of the Company to refinance them on a long-term basis.

During the nine months ended September 30, 2013, the Company had no net activity on its $450 million unsecured revolving credit facility. The Company had $172 million of available borrowings under this facility at September 30, 2013, net of $3 million to secure its outstanding letters of credit. During the nine months ended September 30, 2013, the Company borrowed an additional $200 million on the term credit agreement 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 New Zealand JV’s debt was consolidated effective on that date. See Note 6 — Joint Venture Investment for further information.

The New Zealand JV’s debt consisted of the following at September 30, 2013:



	September 30, 2013
Senior Secured Facilities Agreement
Revolving Credit Facility due 2016 at variable interest rate of 4.39%	$	194,533
Working Capital Facility due 2014	—

Noncontrolling interest shareholder loan at a 0% interest rate	31,717

Total debt	226,250
Less: Current maturities of long-term debt	—
Long-term debt	$	226,250

Senior Secured Facilities Agreement

The New Zealand JV is party to a $214 million variable rate Senior Secured Facilities Agreement comprised of two tranches. Tranche A, a $195 million revolving cash advance facility expires September 2016 and Tranche B, a $19 million working capital facility expires July 2014. Although the maximum amounts available under the agreement are denominated in New Zealand dollars, advances on Tranche A are also available in U.S. dollars. This agreement is secured by a Security Trust Deed that provides recourse only to the New Zealand JV’s assets; there is no recourse to Rayonier Inc. or any of its subsidiaries.

Revolving Credit Facility

As of September 30, 2013 the Senior Secured Facilities Agreement had $195 million outstanding on Tranche A at 4.39 percent due September 2016. The interest rate is indexed to the 90 day New Zealand Bank bill rate and is generally repriced quarterly. The margin on the index rate fluctuates based on the interest coverage ratio. The New Zealand JV manages these rates through interest rate swaps, as discussed at Note 9 — Derivative Financial Instruments and Hedging Activities.

Working Capital Facility

The $19 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 September 30, 2013, there was no outstanding balance on the Working Capital Facility.

Shareholder Loan

The shareholder loan is an interest-free loan from the noncontrolling New Zealand JV interest in the amount of $32 million. This loan represents part of the noncontrolling party’s investment in the New Zealand JV. The loan is secured by timberlands owned by the New Zealand 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 September 30, 2013 due to the ability and intent of the Company 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 1.25 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 40 percent. At September 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 October 3, 2013, the third settlement of Senior Exchangeable Notes due 2015 in the amount of $10 million was completed. As a result, Rayonier recorded a $1 million loss on the redemption in the fourth quarter.

ACCUMULATED OTHER COMPREHENSIVE LOSS

9 Months Ended

Sep. 30, 2013

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

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	237		809			530				1,576
Amounts reclassified from accumulated other comprehensive income	—		2,854			11,796			(a)	14,650
Net other comprehensive income	237		3,663			12,326				16,226
Balance as of September 30, 2013	$	39,066	$	35		$	(132,254	)		$	(93,153	)


(a)	This accumulated other comprehensive income component is 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 nine months ended September 30, 2013:



Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income			Affected line item in the income statement
Loss from New Zealand joint venture cash flow hedges	$	2,159		Gain related to consolidation of New Zealand joint venture
Realized loss on foreign exchange contracts	1,069			Other operating (income) expense, net
Noncontrolling interest benefit	(374		)	Comprehensive income (loss) attributable to noncontrolling interest
Total loss reclassified from accumulated other comprehensive income	$	2,854

- 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=28358780&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=28358780&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 12
-URI http://asc.fasb.org/extlink&oid=28358780&loc=d3e640-108580

Reference 4: 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=28358780&loc=d3e716-108580

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=28358780&loc=d3e709-108580

Reference 6: 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=27012166&loc=d3e187085-122770

Reference 7: 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=28358780&loc=d3e637-108580

Reference 8: 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=28358780&loc=d3e681-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Reclassification Adjustments
-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

OTHER OPERATING INCOME (EXPENSE), NET

9 Months Ended

Sep. 30, 2013

Other Operating Income, Net [Abstract]

OTHER OPERATING INCOME (EXPENSE), NET

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Lease income, primarily from hunting leases	$	4,367		$	1,357		$	9,141		$	6,263
Other non-timber income	573			433			1,651			2,324
Foreign currency (loss) gain	(2,050		)	(979		)	511			(1,165		)
Loss on sale or disposal of property, plant & equipment	(276		)	(75		)	(974		)	(1,807		)
Insurance recoveries	—			—			—			2,319
Gain on foreign currency exchange contracts	221			—			156			—
Legal and corporate development costs	(1,494		)	(1,042		)	(5,932		)	(1,806		)
Total	$	1,341		$	(306	)	$	4,553		$	6,128

CONSOLIDATING FINANCIAL STATEMENTS

9 Months Ended

Sep. 30, 2013

CONSOLIDATING FINANCIAL STATEMENTS [Abstract]

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 September 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	384,784		$	—		$	384,784
Costs and Expenses
Cost of sales	—			—			—			287,150			—			287,150
Selling and general expenses	—			2,276			—			13,050			—			15,326
Other operating expense (income), net	—			738			—			(2,740		)	661			(1,341		)
	—			3,014			—			297,460			661			301,135
OPERATING (LOSS) INCOME	—			(3,014		)	—			87,324			(661		)	83,649
Interest expense	(3,190		)	(162		)	(7,115		)	(2,564		)	—			(13,031		)
Interest and miscellaneous income (expense), net	2,538			770			(4,325		)	271			—			(746		)
Equity in income from subsidiaries	57,932			58,802			39,544			—			(156,278		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	57,280			56,396			28,104			85,031			(156,939		)	69,872
Income tax benefit (expense)	65			1,536			3,627			(16,671		)	(62		)	(11,505		)
NET INCOME	57,345			57,932			31,731			68,360			(157,001		)	58,367
Less: Net income attributable to noncontrolling interest	—			—			—			1,022			—			1,022
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345			57,932			31,731			67,338			(157,001		)	57,345
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	17,887			17,887			2,084			24,259			(37,858		)	24,259
New Zealand joint venture cash flow hedges	2,233			2,231			2,231			3,434			(6,696		)	3,433
Amortization of pension and postretirement plans, net of income tax	3,639			3,639			2,747			2,747			(9,133		)	3,639
Total other comprehensive loss	23,759			23,757			7,062			30,440			(53,687		)	31,331
COMPREHENSIVE INCOME	81,104			81,689			38,793			98,800			(210,688		)	89,698
Less: Comprehensive income attributable to noncontrolling interest	—			—			—			8,594			—			8,594
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	81,104		$	81,689		$	38,793		$	90,206		$	(210,688	)	$	81,104



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	386,163		$	—		$	386,163
Costs and Expenses
Cost of sales	—			—			—			259,201			—			259,201
Selling and general expenses	—			2,762			—			12,714			—			15,476
Other operating expense (income), net	—			730			—			(424		)	—			306
	—			3,492			—			271,491			—			274,983
Equity in income of New Zealand joint venture	—			—			—			66			—			66
OPERATING (LOSS) INCOME	—			(3,492		)	—			114,738			—			111,246
Interest (expense) income	(3,136		)	(196		)	(10,244		)	5,323			—			(8,253		)
Interest and miscellaneous income (expense), net	1,630			1,594			(980		)	(2,010		)	—			234
Equity in income from subsidiaries	82,066			85,241			73,635			—			(240,942		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	80,560			83,147			62,411			118,051			(240,942		)	103,227
Income tax (expense) benefit	—			(1,081		)	4,096			(26,964		)	—			(23,949		)
INCOME FROM CONTINUING OPERATIONS	80,560			82,066			66,507			91,087			(240,942		)	79,278
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			1,282			—			1,282
NET INCOME	80,560			82,066			66,507			92,369			(240,942		)	80,560
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	5,373			5,373			107			4,887			(10,367		)	5,373
New Zealand joint venture cash flow hedges	878			878			—			879			(1,757		)	878
Amortization of pension and postretirement plans, net of income tax	3,401			3,401			2,578			(4,959		)	(1,020		)	3,401
Total other comprehensive income	9,652			9,652			2,685			807			(13,144		)	9,652
COMPREHENSIVE INCOME	$	90,212		$	91,718		$	69,192		$	93,176		$	(254,086	)	$	90,212



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,187,580		$	—		$	1,187,580
Costs and Expenses
Cost of sales	—			—			—			850,866			—			850,866
Selling and general expenses	—			7,357			—			40,997			—			48,354
Other operating (income) expense, net	(1,701		)	1,187			—			(4,039		)	—			(4,553		)
	(1,701		)	8,544			—			887,824			—			894,667
Equity in income of New Zealand joint venture	—			—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(8,544		)	—			300,318			—			293,475
Gain related to consolidation of New Zealand joint venture	—			—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(8,544		)	—			316,416			—			309,573
Interest (expense) income	(9,879		)	(680		)	(20,730		)	521			—			(30,768		)
Interest and miscellaneous income (expense), net	6,716			2,403			(5,873		)	(1,335		)	—			1,911
Equity in income from subsidiaries	293,706			298,802			198,981			—			(791,489		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	292,244			291,981			172,378			315,602			(791,489		)	280,716
Income tax benefit (expense)	—			1,725			9,164			(42,089		)	—			(31,200		)
INCOME FROM CONTINUING OPERATIONS	292,244			293,706			181,542			273,513			(791,489		)	249,516
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			44,477			—			44,477
NET INCOME	292,244			293,706			181,542			317,990			(791,489		)	293,993
Less: Net income attributable to noncontrolling interest	—			—			—			1,749			—			1,749
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	292,244			293,706			181,542			316,241			(791,489		)	292,244
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	237			237			629			(2,967		)	(1,103		)	(2,967		)
New Zealand joint venture cash flow hedges	3,663			3,663			1,014			4,209			(8,340		)	4,209
Amortization of pension and postretirement plans, net of income tax	12,326			12,326			9,578			9,578			(31,482		)	12,326
Total other comprehensive income	16,226			16,226			11,221			10,820			(40,925		)	13,568
COMPREHENSIVE INCOME	308,470			309,932			192,763			328,810			(832,414		)	307,561
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			(909		)	—			(909		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	308,470		$	309,932		$	192,763		$	329,719		$	(832,414	)	$	308,470



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non-Guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,070,830		$	—		$	1,070,830
Costs and Expenses
Cost of sales	—			—			—			738,480			—			738,480
Selling and general expenses	—			7,977			—			42,656			—			50,633
Other operating expense (income), net	—			742			—			(6,870		)	—			(6,128		)
	—			8,719			—			774,266			—			782,985
Equity in income of New Zealand joint venture	—			—			—			249			—			249
OPERATING (LOSS) INCOME	—			(8,719		)	—			296,813			—			288,094
Interest (expense) income	(7,502		)	(646		)	(30,713		)	2,728			—			(36,133		)
Interest and miscellaneous income (expense), net	5,086			4,580			(3,022		)	(6,350		)	—			294
Equity in income from subsidiaries	205,492			211,635			179,787			—			(596,914		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	203,076			206,850			146,052			293,191			(596,914		)	252,255
Income tax (expense) benefit	—			(1,358		)	12,313			(65,242		)	—			(54,287		)
INCOME FROM CONTINUING OPERATIONS	203,076			205,492			158,365			227,949			(596,914		)	197,968
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			5,108			—			5,108
NET INCOME	203,076			205,492			158,365			233,057			(596,914		)	203,076
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	3,115			3,115			483			2,633			(6,231		)	3,115
New Zealand joint venture cash flow hedges	86			86			—			86			(172		)	86
Amortization of pension and postretirement plans, net of income tax	9,943			9,943			7,537			—			(17,480		)	9,943
Total other comprehensive income	13,144			13,144			8,020			2,719			(23,883		)	13,144
COMPREHENSIVE INCOME	$	216,220		$	218,636		$	166,385		$	235,776		$	(620,797	)	$	216,220



	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 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	$	172,938	$	4,933	$	20,995	$	61,872	$	—		$	260,738
Accounts receivable, less allowance for doubtful accounts	—		22		1,596		122,742		—			124,360
Inventory	—		—		—		133,985		—			133,985
Deferred tax assets	—		—		—		62,914		—			62,914
Prepaid and other current assets	—		4,604		654		53,926		—			59,184
Total current assets	172,938		9,559		23,245		435,439		—			641,181
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		2,103,503		—			2,103,503
NET PROPERTY, PLANT AND EQUIPMENT	—		2,399		—		866,033		—			868,432
INVESTMENT IN SUBSIDIARIES	1,520,817		1,749,463		1,316,652		—		(4,586,932		)	—
INTERCOMPANY NOTES RECEIVABLE	223,022		—		20,400		—		(243,422		)	—
OTHER ASSETS	3,808		31,732		3,938		165,526		—			205,004
TOTAL ASSETS	$	1,920,585	$	1,793,153	$	1,364,235	$	3,570,501	$	(4,830,354	)	$	3,818,120
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	884	$	854	$	97,232	$	—		$	98,970
Current maturities of long-term debt	—		—		10,000		—		—			10,000
Accrued taxes	—		3,529		—		16,617		—			20,146
Accrued payroll and benefits	—		12,969		—		13,515		—			26,484
Accrued interest	6,132		578		3,930		3,214		—			13,854
Accrued customer incentives	—		—		—		10,771		—			10,771
Other current liabilities	—		9,358		—		41,833		—			51,191
Current liabilities for dispositions and discontinued operations	—		—		—		8,446		—			8,446
Total current liabilities	6,132		27,318		14,784		191,628		—			239,862
LONG-TERM DEBT	325,000		—		1,029,770		291,567		—			1,646,337
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		67,125		—			67,125
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		131,037		—		27,626		—			158,663
OTHER NON-CURRENT LIABILITIES	—		8,818		—		12,436		—			21,254
INTERCOMPANY PAYABLE	—		105,163		—		102,854		(208,017		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		319,681		2,781,839		(4,622,337		)	1,589,453
Noncontrolling interest	—		—		—		95,426		—			95,426
TOTAL SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		319,681		2,877,265		(4,622,337		)	1,684,879
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,920,585	$	1,793,153	$	1,364,235	$	3,570,501	$	(4,830,354	)	$	3,818,120



	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 Nine Months Ended September 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	$	389,405		$	394,700		$	84,000		$	291,478		$	(825,347	)	$	334,236
INVESTING ACTIVITIES
Capital expenditures	—			(335		)	—			(122,147		)	—			(122,482		)
Purchase of additional interest in New Zealand joint venture	—			—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			—			(11,650		)	—			(11,650		)
Jesup mill cellulose specialties expansion	—			—			—			(137,392		)	—			(137,392		)
Proceeds from the disposition of Wood Products business	—			—			—			68,063			—			68,063
Change in restricted cash	—			—			—			3,989			—			3,989
Investment in Subsidiaries	(138,178		)	(138,178		)	(316,836		)	—			593,192			—
Other	—			1,701			—			(1,542		)	—			159
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(136,812		)	(316,836		)	(340,558		)	593,192			(339,192		)
FINANCING ACTIVITIES
Issuance of debt	175,000			—			375,000			57,885			—			607,885
Repayment of debt	(325,000		)	—			(56,527		)	(71,936		)	—			(453,463		)
Dividends paid	(175,079		)	—			—			—			—			(175,079		)
Proceeds from the issuance of common shares	9,205			—			—			—			—			9,205
Excess tax benefits on stock-based compensation	—			—			—			8,189			—			8,189
Repurchase of common shares	(11,303		)	—			—			—			—			(11,303		)
Issuance of intercompany notes	(4,000		)	—			—			4,000			—			—
Intercompany distributions	—			(256,921		)	(84,000		)	108,766			232,155			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(331,177		)	(256,921		)	234,473			106,904			232,155			(14,566		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(336		)	—			(336		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(79,950		)	967			1,637			57,488			—			(19,858		)
Balance, beginning of year	252,888			3,966			19,358			4,384			—			280,596
Balance, end of period	$	172,938		$	4,933		$	20,995		$	61,872		$	—		$	260,738



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 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	$	23,916		$	105,407		$	12,000		$	317,407		$	(105,088	)	$	353,642
INVESTING ACTIVITIES
Capital expenditures	—			(240		)	—			(111,775		)	—			(112,015		)
Purchase of timberlands	—			—			—			(11,632		)	—			(11,632		)
Jesup mill cellulose specialties expansion	—			—			—			(104,782		)	—			(104,782		)
Change in restricted cash	—			—			—			(12,796		)	—			(12,796		)
Investment in Subsidiaries	—			—			(5,536		)	—			5,536			—
Other	—			(69		)	—			4,350			—			4,281
CASH USED FOR INVESTING ACTIVITIES	—			(309		)	(5,536		)	(236,635		)	5,536			(236,944		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(30,000		)	(23,153		)	(25,500		)	—			(198,653		)
Dividends paid	(152,358		)	—			—			—			—			(152,358		)
Proceeds from the issuance of common shares	20,732			—			—			—			—			20,732
Excess tax benefits on stock-based compensation	—			—			—			7,057			—			7,057
Debt issuance costs	(3,698		)	—			—			—			—			(3,698		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Issuance of intercompany notes	(9,000		)	—			—			9,000			—			—
Intercompany distributions	—			(24,529		)	(12,000		)	(63,023		)	99,552			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	52,893			(54,529		)	(20,153		)	(57,466		)	99,552			20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(123		)	—			(123		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	76,809			50,569			(13,689		)	23,183			—			136,872
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of period	$	76,809		$	59,546		$	46,287		$	32,833		$	—		$	215,475

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 September 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	384,784		$	—		$	384,784
Costs and Expenses
Cost of sales	—			—			287,150			—			287,150
Selling and general expenses	—			2,276			13,050			—			15,326
Other operating expense (income), net	—			738			(2,740		)	661			(1,341		)
	—			3,014			297,460			661			301,135
OPERATING (LOSS) INCOME	—			(3,014		)	87,324			(661		)	83,649
Interest expense	(3,190		)	(7,277		)	(2,564		)	—			(13,031		)
Interest and miscellaneous income (expense), net	2,538			(3,555		)	271			—			(746		)
Equity in income from subsidiaries	57,932			66,610			—			(124,542		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	57,280			52,764			85,031			(125,203		)	69,872
Income tax benefit (expense)	65			5,168			(16,671		)	(67		)	(11,505		)
NET INCOME	57,345			57,932			68,360			(125,270		)	58,367
Less: Net income attributable to noncontrolling interest	—			—			1,022			—			1,022
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345			57,932			67,338			(125,270		)	57,345
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	17,887			17,887			24,259			(35,774		)	24,259
New Zealand joint venture cash flow hedges	2,233			2,231			3,434			(4,465		)	3,433
Amortization of pension and postretirement plans, net of income tax	3,639			3,639			2,747			(6,386		)	3,639
Total other comprehensive income	23,759			23,757			30,440			(46,625		)	31,331
COMPREHENSIVE INCOME	81,104			81,689			98,800			(171,895		)	89,698
Less: Comprehensive income attributable to noncontrolling interest	—			—			8,594			—			8,594
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	81,104		$	81,689		$	90,206		$	(171,895	)	$	81,104



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	386,163		$	—		$	386,163
Costs and Expenses
Cost of sales	—			—			259,201			—			259,201
Selling and general expenses	—			2,762			12,714			—			15,476
Other operating income (expense), net	—			730			(424		)	—			306
	—			3,492			271,491			—			274,983
Equity in income of New Zealand joint venture	—			—			66			—			66
OPERATING (LOSS) INCOME	—			(3,492		)	114,738			—			111,246
Interest (expense) income	(3,136		)	(10,440		)	5,323			—			(8,253		)
Interest and miscellaneous income (expense), net	1,630			614			(2,010		)	—			234
Equity in income from subsidiaries	82,066			92,369			—			(174,435		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	80,560			79,051			118,051			(174,435		)	103,227
Income tax benefit (expense)	—			3,015			(26,964		)	—			(23,949		)
INCOME FROM CONTINUING OPERATIONS	80,560			82,066			91,087			(174,435		)	79,278
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			1,282			—			1,282
NET INCOME	80,560			82,066			92,369			(174,435		)	80,560
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	5,373			5,373			4,887			(10,260		)	5,373
New Zealand joint venture cash flow hedges	878			878			879			(1,757		)	878
Amortization of pension and postretirement plans, net of income tax	3,401			3,401			(4,959		)	1,558			3,401
Total other comprehensive income	9,652			9,652			807			(10,459		)	9,652
COMPREHENSIVE INCOME	$	90,212		$	91,718		$	93,176		$	(184,894	)	$	90,212



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,187,580		$	—		$	1,187,580
Costs and Expenses
Cost of sales	—			—			850,866			—			850,866
Selling and general expenses	—			7,357			40,997			—			48,354
Other operating (income) expense, net	(1,701		)	1,187			(4,039		)	—			(4,553		)
	(1,701		)	8,544			887,824			—			894,667
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(8,544		)	300,318			—			293,475
Gain on consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(8,544		)	316,416			—			309,573
Interest (expense) income	(9,879		)	(21,410		)	521			—			(30,768		)
Interest and miscellaneous income (expense), net	6,716			(3,470		)	(1,335		)	—			1,911
Equity in income from subsidiaries	293,706			316,241			—			(609,947		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	292,244			282,817			315,602			(609,947		)	280,716
Income tax benefit (expense)	—			10,889			(42,089		)	—			(31,200		)
INCOME FROM CONTINUING OPERATIONS	292,244			293,706			273,513			(609,947		)	249,516
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			44,477			—			44,477
NET INCOME	292,244			293,706			317,990			(609,947		)	293,993
Less: Net income attributable to noncontrolling interest	—			—			1,749			—			1,749
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	292,244			293,706			316,241			(609,947		)	292,244
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	237			237			(2,967		)	(474		)	(2,967		)
New Zealand joint venture cash flow hedges	3,663			3,663			4,209			(7,326		)	4,209
Amortization of pension and postretirement plans, net of income tax	12,326			12,326			9,578			(21,904		)	12,326
Total other comprehensive income	16,226			16,226			10,820			(29,704		)	13,568
COMPREHENSIVE INCOME	308,470			309,932			328,810			(639,651		)	307,561
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(909		)	—			(909		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	308,470		$	309,932		$	329,719		$	(639,651	)	$	308,470



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,070,830		$	—		$	1,070,830
Costs and Expenses
Cost of sales	—			—			738,480			—			738,480
Selling and general expenses	—			7,977			42,656			—			50,633
Other operating expense (income), net	—			742			(6,870		)	—			(6,128		)
	—			8,719			774,266			—			782,985
Equity in income of New Zealand joint venture	—			—			249			—			249
OPERATING (LOSS) INCOME	—			(8,719		)	296,813			—			288,094
Interest (expense) income	(7,502		)	(31,359		)	2,728			—			(36,133		)
Interest and miscellaneous income (expense), net	5,086			1,558			(6,350		)	—			294
Equity in income from subsidiaries	205,492			233,057			—			(438,549		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	203,076			194,537			293,191			(438,549		)	252,255
Income tax benefit (expense)	—			10,955			(65,242		)	—			(54,287		)
INCOME FROM CONTINUING OPERATIONS	203,076			205,492			227,949			(438,549		)	197,968
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			5,108			—			5,108
NET INCOME	203,076			205,492			233,057			(438,549		)	203,076
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	3,115			3,115			2,633			(5,748		)	3,115
New Zealand joint venture cash flow hedges	86			86			86			(172		)	86
Amortization of pension and postretirement plans, net of income tax	9,943			9,943			—			(9,943		)	9,943
Total other comprehensive income	13,144			13,144			2,719			(15,863		)	13,144
COMPREHENSIVE INCOME	$	216,220		$	218,636		$	235,776		$	(454,412	)	$	216,220



	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2013
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	172,938	$	25,928	$	61,872	$	—		$	260,738
Accounts receivable, less allowance for doubtful accounts	—		1,618		122,742		—			124,360
Inventory	—		—		133,985		—			133,985
Deferred tax asset	—		—		62,914		—			62,914
Prepaid and other current assets	—		5,258		53,926		—			59,184
Total current assets	172,938		32,804		435,439		—			641,181
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,103,503		—			2,103,503
NET PROPERTY, PLANT AND EQUIPMENT	—		2,399		866,033		—			868,432
INVESTMENT IN JOINT VENTURE	—		—		—		—			—
INVESTMENT IN SUBSIDIARIES	1,520,817		2,746,434		—		(4,267,251		)	—
INTERCOMPANY NOTES RECEIVABLE	223,022		20,400		—		(243,422		)	—
OTHER ASSETS	3,808		35,670		165,526		—			205,004
TOTAL ASSETS	$	1,920,585	$	2,837,707	$	3,570,501	$	(4,510,673	)	$	3,818,120
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,738	$	97,232	$	—		$	98,970
Current maturities of long-term debt	—		10,000		—		—			10,000
Accrued taxes	—		3,529		16,617		—			20,146
Accrued payroll and benefits	—		12,969		13,515		—			26,484
Accrued interest	6,132		4,508		3,214		—			13,854
Accrued customer incentives	—		—		10,771		—			10,771
Other current liabilities	—		9,358		41,833		—			51,191
Current liabilities for dispositions and discontinued operations	—		—		8,446		—			8,446
Total current liabilities	6,132		42,102		191,628		—			239,862
LONG-TERM DEBT	325,000		1,029,770		291,567		—			1,646,337
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		67,125		—			67,125
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		131,037		27,626		—			158,663
OTHER NON-CURRENT LIABILITIES	—		8,818		12,436		—			21,254
INTERCOMPANY PAYABLE	—		105,163		102,854		(208,017		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		2,781,839		(4,302,656		)	1,589,453
Noncontrolling interest	—		—		95,426		—			95,426
TOTAL SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		2,877,265		(4,302,656		)	1,684,879
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,920,585	$	2,837,707	$	3,570,501	$	(4,510,673	)	$	3,818,120



	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 Nine Months Ended September 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	389,405		$	394,700		$	291,478		$	(741,347	)	$	334,236
INVESTING ACTIVITIES
Capital expenditures	—			(335		)	(122,147		)	—			(122,482		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			(11,650		)	—			(11,650		)
Jesup mill cellulose specialties expansion	—			—			(137,392		)	—			(137,392		)
Proceeds from the disposition of Wood Products business	—			—			68,063			—			68,063
Change in restricted cash	—			—			3,989			—			3,989
Investment in Subsidiaries	(138,178		)	(455,014		)	—			593,192			—
Other	—			1,701			(1,542		)	—			159
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(453,648		)	(340,558		)	593,192			(339,192		)
FINANCING ACTIVITIES
Issuance of debt	175,000			375,000			57,885			—			607,885
Repayment of debt	(325,000		)	(56,527		)	(71,936		)	—			(453,463		)
Dividends paid	(175,079		)	—			—			—			(175,079		)
Proceeds from the issuance of common shares	9,205			—			—			—			9,205
Excess tax benefits on stock-based compensation	—			—			8,189			—			8,189
Debt issuance costs	—			—			—			—			—
Repurchase of common shares	(11,303		)	—			—			—			(11,303		)
Issuance of intercompany notes	(4,000		)	—			4,000			—			—
Intercompany distributions	—			(256,921		)	108,766			148,155			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(331,177		)	61,552			106,904			148,155			(14,566		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(336		)	—			(336		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(79,950		)	2,604			57,488			—			(19,858		)
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of period	$	172,938		$	25,928		$	61,872		$	—		$	260,738



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	23,916		$	105,407		$	317,407		$	(93,088	)	$	353,642
INVESTING ACTIVITIES
Capital expenditures	—			(240		)	(111,775		)	—			(112,015		)
Purchase of timberlands	—			—			(11,632		)	—			(11,632		)
Jesup mill cellulose specialties expansion	—			—			(104,782		)	—			(104,782		)
Change in restricted cash	—			—			(12,796		)	—			(12,796		)
Investment in Subsidiaries	—			(5,536		)	—			5,536			—
Other	—			(69		)	4,350			—			4,281
CASH USED FOR INVESTING ACTIVITIES	—			(5,845		)	(236,635		)	5,536			(236,944		)
FINANCING ACTIVITIES
Issuance of debt	325,000			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(53,153		)	(25,500		)	—			(198,653		)
Dividends paid	(152,358		)	—			—			—			(152,358		)
Proceeds from the issuance of common shares	20,732			—			—			—			20,732
Excess tax benefits on stock-based compensation	—			—			7,057			—			7,057
Debt issuance costs	(3,698		)	—			—			—			(3,698		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Issuance of intercompany notes	(9,000		)	—			9,000			—			—
Intercompany distributions	—			(24,529		)	(63,023		)	87,552			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	52,893			(62,682		)	(57,466		)	87,552			20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(123		)	—			(123		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	76,809			36,880			23,183			—			136,872
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of period	$	76,809		$	105,833		$	32,833		$	—		$	215,475

BASIS OF PRESENTATION (Policies)	9 Months Ended
BASIS OF PRESENTATION (Policies)	Sep. 30, 2013
Basis of Presentation [Line Items]
Reclassifications	Certain 2012 amounts have been reclassified to agree with the current year presentation.
New Accounting Standards	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	The Company’s operating results for the nine months ended September 30, 2013 reflect 26 percent of the New Zealand 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.
Segment Reporting	Operating income (loss) as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations.
Derivatives	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 derivative 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.
Derivatives, Offsetting Fair Value Amounts	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.
Fair Value of 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 option 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.
Consolidation, Subsidiaries or Other Investments, Consolidated Entities	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 September 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.
Business Combinations Policy	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.
Foreign Exchange Contract [Member]
Basis of Presentation [Line Items]
Fair Value of Financial Instruments	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]
Basis of Presentation [Line Items]
Fair Value of Financial Instruments	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)

9 Months Ended

Sep. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

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 September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Wood chip purchases	$	—	$	3,270	$	1,650	$	9,507
Saw timber procurement services	—		282		223		856
Total intercompany	$	—	$	3,552	$	1,873	$	10,363



	Three Months Ended September 30,					Nine Months Ended September 30,
	2013		2012			2013			2012
Sales	$	—	$	22,825		$	16,968		$	65,865
Cost of sales and other	—		(20,897		)	(14,258		)	(58,184		)
Gain on sale of discontinued operations	—		—			64,040			—
Income from discontinued operations before income taxes	—		1,928			66,750			7,681
Income tax expense	—		(646		)	(22,273		)	(2,573		)
Income from discontinued operations, net	$	—	$	1,282		$	44,477		$	5,108

- 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)

9 Months Ended

Sep. 30, 2013

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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



	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Income from continuing operations	$	58,367	$	79,278	$	249,516	$	197,968
Less: Income from continuing operations attributable to noncontrolling interest	1,022		—		1,749		—
Income from continuing operations attributable to Rayonier Inc.	$	57,345	$	79,278	$	247,767	$	197,968

Income from discontinued operations attributable to Rayonier Inc.	$	—	$	1,282	$	44,477	$	5,108

Net income attributable to Rayonier Inc.	$	57,345	$	80,560	$	292,244	$	203,076

Shares used for determining basic earnings per common share	126,122,151		122,848,705		125,549,133		122,552,910
Dilutive effect of:
Stock options	468,286		603,761		501,324		667,960
Performance and restricted shares	546,247		755,884		518,138		735,653
Assumed conversion of Senior Exchangeable Notes (a)	2,168,254		3,683,936		2,176,414		3,148,423
Assumed conversion of warrants (a) (b)	1,608,466		2,067,380		2,043,965		1,443,606
Shares used for determining diluted earnings per common share	130,913,404		129,959,666		130,788,974		128,548,552
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.45	$	0.65	$	1.97	$	1.62
Discontinued operations	—		0.01		0.36		0.04
Net income	$	0.45	$	0.66	$	2.33	$	1.66
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations	$	0.44	$	0.61	$	1.89	$	1.54
Discontinued operations	—		0.01		0.34		0.04
Net income	$	0.44	$	0.62	$	2.23	$	1.58

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share



	Three Months Ended September 30,		Nine Months Ended September 30,
	2013	2012	2013	2012
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	101,884	123,217	167,487	261,759
Assumed conversion of exchangeable note hedges (a)	2,168,254	3,683,936	2,176,414	3,148,423
Total	2,270,138	3,807,153	2,343,901	3,410,182

INCOME TAXES (Tables)

9 Months Ended

Sep. 30, 2013

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

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 September 30,
	2013					2012
Income tax expense at federal statutory rate	$	24		35.0	%	$	36		35.0	%
REIT income not subject to tax	(11		)	(15.7	)	(6		)	(5.9	)
Other	1			0.5		(2		)	(2.3	)
Income tax expense before discrete items	14			19.8	%	28			26.8	%
Exchange of AFMC for CBPC	—			—		(3		)	(3.1	)
Other	(2		)	(3.3	)	(1		)	(0.5	)
Income tax expense as reported	$	12		16.5	%	$	24		23.2	%



	Nine Months Ended September 30,
	2013					2012
Income tax expense at federal statutory rate	$	98		35.0	%	$	88		35.0	%
REIT income not subject to tax	(37		)	(13.2	)	(18		)	(7.2	)
Other	(1		)	(0.5	)	(3		)	(1.3	)
Income tax expense before discrete items	60			21.3	%	67			26.5	%
Exchange of AFMC for CBPC	(19		)	(6.7	)	(12		)	(4.6	)
Gain related to consolidation of New Zealand joint venture	(5		)	(2.0	)	—			—
Other	(5		)	(1.5	)	(1		)	(0.4	)
Income tax expense as reported	$	31		11.1	%	$	54		21.5	%

JOINT VENTURE INVESTMENT (Tables)

9 Months Ended

Sep. 30, 2013

Business Combinations [Abstract]

Schedule of Purchase Price Allocation

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

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



	Revenue and earnings from April 4, 2013 to September 30, 2013
Sales	$	98,717
Net Income	4,997



	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Sales	$	384,784	$	437,881	$	1,222,106	$	1,216,691
Net Income	$	58,367	$	78,598	$	292,234	$	197,330

SHAREHOLDERS'S EQUITY (Tables)

9 Months Ended

Sep. 30, 2013

Stockholders' Equity Note [Abstract]

Schedule of Stockholders Equity

An analysis of shareholders’ equity for the nine months ended September 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	—		—			—			—			96,335			96,335
Net income	—		—			292,244			—			1,749			293,993
Dividends ($1.37 per share)	—		—			(173,629		)	—			—			(173,629		)
Issuance of shares under incentive stock plans	967,566		9,205			—			—			—			9,205
Stock-based compensation	—		9,020			—			—			—			9,020
Excess tax benefit on stock-based compensation	—		8,189			—			—			—			8,189
Repurchase of common shares	(210,810	)	(11,303		)	—			—			—			(11,303		)
Equity portion of convertible debt (Note 16)	—		1,497			—			—			—			1,497
Settlement of warrants (Note 16)	2,135,221		—			—			—			—			—
Amortization of pension and postretirement plans	—		—			—			12,326			—			12,326
Foreign currency translation adjustment	—		—			—			237			(3,204		)	(2,967		)
Joint venture cash flow hedges	—		—			—			3,663			546			4,209
Balance, September 30, 2013	126,224,421		$	687,357		$	995,249		$	(93,153	)	$	95,426		$	1,684,879

SEGMENT AND GEOGRAPHICAL INFORMATION (Tables)

9 Months Ended

Sep. 30, 2013

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

Schedule of Segment Reporting Information, by Segment

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



	September 30,		December 31,
ASSETS	2013		2012
Forest Resources	$	2,216,727	$	1,690,030
Real Estate	88,002		112,647
Performance Fibers	1,122,779		902,309
Wood Products (a)	—		18,454
Other Operations	29,056		23,296
Corporate and other	361,556		376,215
Total	$	3,818,120	$	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 September 30,						Nine Months Ended September 30,
SALES	2013			2012			2013			2012
Forest Resources	$	111,260		$	59,853		$	277,422		$	164,711
Real Estate	14,088			13,043			51,761			37,369
Performance Fibers	224,243			288,221			761,456			793,586
Other Operations	35,295			26,293			97,394			76,702
Intersegment Eliminations	(102		)	(1,247		)	(453		)	(1,538		)
Total	$	384,784		$	386,163		$	1,187,580		$	1,070,830



	Three Months Ended September 30,						Nine Months Ended September 30,
OPERATING INCOME(LOSS)	2013			2012			2013			2012
Forest Resources	$	23,172		$	11,184		$	57,317		$	27,438
Real Estate	7,521			8,420			30,468			20,897
Performance Fibers	62,663			101,455			233,415			265,812
Other Operations	(301		)	(419		)	1,643			(201		)
Corporate and other (c)	(9,406		)	(9,394		)	(13,270		)	(25,852		)
Total	$	83,649		$	111,246		$	309,573		$	288,094


(c)	The nine months ended September 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 September 30,				Nine Months Ended September 30,
DEPRECIATION, DEPLETION AND AMORTIZATION	2013		2012		2013		2012
Forest Resources	$	28,475	$	18,793	$	72,210	$	52,662
Real Estate	2,074		1,288		8,720		4,733
Performance Fibers	22,340		15,077		51,142		41,577
Corporate and other	262		368		738		1,158
Total	$	53,151	$	35,526	$	132,810	$	100,130

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES (Tables)

9 Months Ended

Sep. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance



		September 30, 2013
	Income Statement Location	Three Months Ended			Nine Months Ended
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive income (loss)	$	2,602		$	1,093
	Other operating income (expense)	(619		)	(619		)
Foreign currency option contracts	Other comprehensive income (loss)	832			468

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating income (expense)	360			1,786
Foreign currency option contracts	Other operating income (expense)	480			(1,011		)
Interest rate swaps	Interest and other miscellaneous income	2,079			4,729
Fuel hedges	Cost of sales - benefit	(162		)	(14		)

Schedule of Notional Amounts of Outstanding Derivative Positions

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



	September 30, 2013
	Notional Amount (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	$	23,500
Foreign currency option contracts	32,000

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	$	8,650
Foreign currency option contracts	16,000
Interest rate swaps	185,013
Fuel contracts	41

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

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value

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



	September 30, 2013
	Location on Balance Sheet	Fair Value Assets (Liabilities) (a)
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current liabilities	(9		)
	Other assets	1,101
Foreign currency option contracts	Other current liabilities	(286		)
	Other assets	755

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Prepaid and other current assets	204
Foreign currency option contracts	Other current liabilities	(56		)
	Other assets	200
Interest rate swaps	Other current liabilities	(2,949		)
	Other non-current liabilities	(4,164		)
Fuel contracts	Other current liabilities	(109		)

Total derivative contracts:
Prepaid and other current assets		204
Other assets		2,056
Total derivative assets		$	2,260

Other current liabilities		(3,409		)
Other non-current liabilities		(4,164		)
Total derivative liabilities		$	(7,573	)


(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.

FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Fair Value Disclosures [Abstract]

Fair Value, Assets Measured on Recurring Basis



	September 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	$	260,738		$	260,738	$	—			$	280,596		$	280,596	$	—
Restricted cash (a)	6,569			6,569		—				10,559			10,559		—
Current maturities of long-term debt	(10,000		)	—		(16,900		)	(b)	(150,000		)	—		(150,000		)
Long-term debt	(1,646,337		)	—		(1,739,813		)		(1,120,052		)	—		(1,250,341		)
Interest rate swaps (c)	(7,113		)	—		(7,113		)		—			—		—
Foreign currency exchange contracts (c)	1,296			—		1,296				—			—		—
Foreign currency option contracts (c)	613			—		613				—			—		—
Fuel contracts (c)	(109		)	—		(109		)		—			—		—


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


(b)	The fair market value of current maturities of long-term-term debt represents the value of the debt and equity associated with the early redemption of a portion of the Senior Exchangeable Notes due 2015. The Company has a hedge agreement that offsets the $6.9 million equity portion of the current maturity. See Note 16 — Debt for more information regarding the exchange of the notes.


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

GUARANTEES (Tables)

9 Months Ended

Sep. 30, 2013

Guarantees [Abstract]

Schedule of Guarantor Obligations



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)	7,328		1,151
Total financial commitments	$	27,787	$	16,194


(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 during 2014 and are expected to be renewed as required.

COMMITMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

The following table shows the increase in the Company’s commitments, as of September 30, 2013:



	Forestry Rights (a)		Forest Leases (b)		Operating Leases (c)		Purchase Obligations (d)
Remaining 2013	$	474	$	290	$	315	2,088
2014	1,639		1,153		883		8,645
2015	1,639		1,153		612		8,345
2016	1,639		1,153		1,632		9,577
2017	1,639		1,153		2,410		8,597
Thereafter	42,642		57,799		17,789		6,005
	$	49,672	$	62,701	$	23,641	$	43,257

(c) Operating leases include New Zealand leases on buildings, machinery and equipment under various operating leases and a Jesup mill natural gas transportation lease.


(d)	Pursuant to the Wood Products purchase and sale agreement, Rayonier contracted with Interfor to purchase wood chips produced at the lumber mills for use at Rayonier’s Jesup mill. Purchase obligations include obligations under this agreement as well as payments expected to be made on derivative financial instruments held in New Zealand.

LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2013

Liabilities of Disposal Group, Including Discontinued Operation [Abstract]

Schedule of Change in Environmental Loss Contingencies

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



	September 30,			December 31,
	2013			2012
Balance, beginning of period	$	81,695		$	90,824
Expenditures charged to liabilities	(6,411		)	(9,926		)
Increase to liabilities	287			797
Balance, end of period	75,571			81,695
Less: Current portion	(8,446		)	(8,105		)
Non-current portion	$	67,125		$	73,590

EMPLOYEE BENEFIT PLANS (Tables)

9 Months Ended

Sep. 30, 2013

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

Schedule of Net Benefit Costs

The net pension and postretirement benefit costs that have been recorded are shown in the following tables:



	Pension						Postretirement
	Three Months Ended September 30,						Three Months Ended September 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	2,011		$	2,102		$	330	$	227
Interest cost	3,953			4,321			231		242
Expected return on plan assets	(5,966		)	(6,369		)	—		—
Amortization of prior service cost	322			327			6		6
Amortization of losses	4,792			4,394			98		156
Net periodic benefit cost	$	5,112		$	4,775		$	665	$	631



	Pension						Postretirement
	Nine Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013		2012
Components of Net Periodic Benefit Cost
Service cost	$	6,441		$	6,143		$	828	$	664
Interest cost	12,740			12,630			711		706
Expected return on plan assets	(19,356		)	(18,618		)	—		—
Amortization of prior service cost	1,032			956			19		18
Amortization of losses	15,308			12,846			533		455
Net periodic benefit cost	$	16,165		$	13,957		$	2,091	$	1,843

DEBT (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

The New Zealand JV’s debt consisted of the following at September 30, 2013:



	September 30, 2013
Senior Secured Facilities Agreement
Revolving Credit Facility due 2016 at variable interest rate of 4.39%	$	194,533
Working Capital Facility due 2014	—

Noncontrolling interest shareholder loan at a 0% interest rate	31,717

Total debt	226,250
Less: Current maturities of long-term debt	—
Long-term debt	$	226,250

- 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 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21475-112644

Reference 3: 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 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=26873400&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 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 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399

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)

9 Months Ended

Sep. 30, 2013

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

Schedule of Accumulated Other Comprehensive Income (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	237		809			530				1,576
Amounts reclassified from accumulated other comprehensive income	—		2,854			11,796			(a)	14,650
Net other comprehensive income	237		3,663			12,326				16,226
Balance as of September 30, 2013	$	39,066	$	35		$	(132,254	)		$	(93,153	)


(a)	This accumulated other comprehensive income component is 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 nine months ended September 30, 2013:



Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income			Affected line item in the income statement
Loss from New Zealand joint venture cash flow hedges	$	2,159		Gain related to consolidation of New Zealand joint venture
Realized loss on foreign exchange contracts	1,069			Other operating (income) expense, net
Noncontrolling interest benefit	(374		)	Comprehensive income (loss) attributable to noncontrolling interest
Total loss reclassified from accumulated other comprehensive income	$	2,854

OTHER OPERATING INCOME (EXPENSE), NET (Tables)

9 Months Ended

Sep. 30, 2013

Other Operating Income, Net [Abstract]

Interest and Other Income

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



	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
Lease income, primarily from hunting leases	$	4,367		$	1,357		$	9,141		$	6,263
Other non-timber income	573			433			1,651			2,324
Foreign currency (loss) gain	(2,050		)	(979		)	511			(1,165		)
Loss on sale or disposal of property, plant & equipment	(276		)	(75		)	(974		)	(1,807		)
Insurance recoveries	—			—			—			2,319
Gain on foreign currency exchange contracts	221			—			156			—
Legal and corporate development costs	(1,494		)	(1,042		)	(5,932		)	(1,806		)
Total	$	1,341		$	(306	)	$	4,553		$	6,128

CONSOLIDATING FINANCIAL STATEMENTS (Tables)

9 Months Ended

Sep. 30, 2013

Senior Exchangeable Notes due 2015 [Member]

Condensed Financial Statements, Captions [Line Items]

Schedule of Condensed Consolidating Statement of Income and Comprehensive Income



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	384,784		$	—		$	384,784
Costs and Expenses
Cost of sales	—			—			—			287,150			—			287,150
Selling and general expenses	—			2,276			—			13,050			—			15,326
Other operating expense (income), net	—			738			—			(2,740		)	661			(1,341		)
	—			3,014			—			297,460			661			301,135
OPERATING (LOSS) INCOME	—			(3,014		)	—			87,324			(661		)	83,649
Interest expense	(3,190		)	(162		)	(7,115		)	(2,564		)	—			(13,031		)
Interest and miscellaneous income (expense), net	2,538			770			(4,325		)	271			—			(746		)
Equity in income from subsidiaries	57,932			58,802			39,544			—			(156,278		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	57,280			56,396			28,104			85,031			(156,939		)	69,872
Income tax benefit (expense)	65			1,536			3,627			(16,671		)	(62		)	(11,505		)
NET INCOME	57,345			57,932			31,731			68,360			(157,001		)	58,367
Less: Net income attributable to noncontrolling interest	—			—			—			1,022			—			1,022
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345			57,932			31,731			67,338			(157,001		)	57,345
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	17,887			17,887			2,084			24,259			(37,858		)	24,259
New Zealand joint venture cash flow hedges	2,233			2,231			2,231			3,434			(6,696		)	3,433
Amortization of pension and postretirement plans, net of income tax	3,639			3,639			2,747			2,747			(9,133		)	3,639
Total other comprehensive loss	23,759			23,757			7,062			30,440			(53,687		)	31,331
COMPREHENSIVE INCOME	81,104			81,689			38,793			98,800			(210,688		)	89,698
Less: Comprehensive income attributable to noncontrolling interest	—			—			—			8,594			—			8,594
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	81,104		$	81,689		$	38,793		$	90,206		$	(210,688	)	$	81,104



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	386,163		$	—		$	386,163
Costs and Expenses
Cost of sales	—			—			—			259,201			—			259,201
Selling and general expenses	—			2,762			—			12,714			—			15,476
Other operating expense (income), net	—			730			—			(424		)	—			306
	—			3,492			—			271,491			—			274,983
Equity in income of New Zealand joint venture	—			—			—			66			—			66
OPERATING (LOSS) INCOME	—			(3,492		)	—			114,738			—			111,246
Interest (expense) income	(3,136		)	(196		)	(10,244		)	5,323			—			(8,253		)
Interest and miscellaneous income (expense), net	1,630			1,594			(980		)	(2,010		)	—			234
Equity in income from subsidiaries	82,066			85,241			73,635			—			(240,942		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	80,560			83,147			62,411			118,051			(240,942		)	103,227
Income tax (expense) benefit	—			(1,081		)	4,096			(26,964		)	—			(23,949		)
INCOME FROM CONTINUING OPERATIONS	80,560			82,066			66,507			91,087			(240,942		)	79,278
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			1,282			—			1,282
NET INCOME	80,560			82,066			66,507			92,369			(240,942		)	80,560
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	5,373			5,373			107			4,887			(10,367		)	5,373
New Zealand joint venture cash flow hedges	878			878			—			879			(1,757		)	878
Amortization of pension and postretirement plans, net of income tax	3,401			3,401			2,578			(4,959		)	(1,020		)	3,401
Total other comprehensive income	9,652			9,652			2,685			807			(13,144		)	9,652
COMPREHENSIVE INCOME	$	90,212		$	91,718		$	69,192		$	93,176		$	(254,086	)	$	90,212



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2013
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,187,580		$	—		$	1,187,580
Costs and Expenses
Cost of sales	—			—			—			850,866			—			850,866
Selling and general expenses	—			7,357			—			40,997			—			48,354
Other operating (income) expense, net	(1,701		)	1,187			—			(4,039		)	—			(4,553		)
	(1,701		)	8,544			—			887,824			—			894,667
Equity in income of New Zealand joint venture	—			—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(8,544		)	—			300,318			—			293,475
Gain related to consolidation of New Zealand joint venture	—			—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(8,544		)	—			316,416			—			309,573
Interest (expense) income	(9,879		)	(680		)	(20,730		)	521			—			(30,768		)
Interest and miscellaneous income (expense), net	6,716			2,403			(5,873		)	(1,335		)	—			1,911
Equity in income from subsidiaries	293,706			298,802			198,981			—			(791,489		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	292,244			291,981			172,378			315,602			(791,489		)	280,716
Income tax benefit (expense)	—			1,725			9,164			(42,089		)	—			(31,200		)
INCOME FROM CONTINUING OPERATIONS	292,244			293,706			181,542			273,513			(791,489		)	249,516
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			—			44,477			—			44,477
NET INCOME	292,244			293,706			181,542			317,990			(791,489		)	293,993
Less: Net income attributable to noncontrolling interest	—			—			—			1,749			—			1,749
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	292,244			293,706			181,542			316,241			(791,489		)	292,244
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	237			237			629			(2,967		)	(1,103		)	(2,967		)
New Zealand joint venture cash flow hedges	3,663			3,663			1,014			4,209			(8,340		)	4,209
Amortization of pension and postretirement plans, net of income tax	12,326			12,326			9,578			9,578			(31,482		)	12,326
Total other comprehensive income	16,226			16,226			11,221			10,820			(40,925		)	13,568
COMPREHENSIVE INCOME	308,470			309,932			192,763			328,810			(832,414		)	307,561
Less: Comprehensive loss attributable to noncontrolling interest	—			—			—			(909		)	—			(909		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	308,470		$	309,932		$	192,763		$	329,719		$	(832,414	)	$	308,470



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Guarantor)			ROC (Subsidiary Guarantor)			Rayonier TRS Holdings Inc. (Issuer)			Non-Guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	—		$	1,070,830		$	—		$	1,070,830
Costs and Expenses
Cost of sales	—			—			—			738,480			—			738,480
Selling and general expenses	—			7,977			—			42,656			—			50,633
Other operating expense (income), net	—			742			—			(6,870		)	—			(6,128		)
	—			8,719			—			774,266			—			782,985
Equity in income of New Zealand joint venture	—			—			—			249			—			249
OPERATING (LOSS) INCOME	—			(8,719		)	—			296,813			—			288,094
Interest (expense) income	(7,502		)	(646		)	(30,713		)	2,728			—			(36,133		)
Interest and miscellaneous income (expense), net	5,086			4,580			(3,022		)	(6,350		)	—			294
Equity in income from subsidiaries	205,492			211,635			179,787			—			(596,914		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	203,076			206,850			146,052			293,191			(596,914		)	252,255
Income tax (expense) benefit	—			(1,358		)	12,313			(65,242		)	—			(54,287		)
INCOME FROM CONTINUING OPERATIONS	203,076			205,492			158,365			227,949			(596,914		)	197,968
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			—			5,108			—			5,108
NET INCOME	203,076			205,492			158,365			233,057			(596,914		)	203,076
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	3,115			3,115			483			2,633			(6,231		)	3,115
New Zealand joint venture cash flow hedges	86			86			—			86			(172		)	86
Amortization of pension and postretirement plans, net of income tax	9,943			9,943			7,537			—			(17,480		)	9,943
Total other comprehensive income	13,144			13,144			8,020			2,719			(23,883		)	13,144
COMPREHENSIVE INCOME	$	216,220		$	218,636		$	166,385		$	235,776		$	(620,797	)	$	216,220

Schedule of Condensed Consolidating Balance Sheets



	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 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	$	172,938	$	4,933	$	20,995	$	61,872	$	—		$	260,738
Accounts receivable, less allowance for doubtful accounts	—		22		1,596		122,742		—			124,360
Inventory	—		—		—		133,985		—			133,985
Deferred tax assets	—		—		—		62,914		—			62,914
Prepaid and other current assets	—		4,604		654		53,926		—			59,184
Total current assets	172,938		9,559		23,245		435,439		—			641,181
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		—		2,103,503		—			2,103,503
NET PROPERTY, PLANT AND EQUIPMENT	—		2,399		—		866,033		—			868,432
INVESTMENT IN SUBSIDIARIES	1,520,817		1,749,463		1,316,652		—		(4,586,932		)	—
INTERCOMPANY NOTES RECEIVABLE	223,022		—		20,400		—		(243,422		)	—
OTHER ASSETS	3,808		31,732		3,938		165,526		—			205,004
TOTAL ASSETS	$	1,920,585	$	1,793,153	$	1,364,235	$	3,570,501	$	(4,830,354	)	$	3,818,120
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	884	$	854	$	97,232	$	—		$	98,970
Current maturities of long-term debt	—		—		10,000		—		—			10,000
Accrued taxes	—		3,529		—		16,617		—			20,146
Accrued payroll and benefits	—		12,969		—		13,515		—			26,484
Accrued interest	6,132		578		3,930		3,214		—			13,854
Accrued customer incentives	—		—		—		10,771		—			10,771
Other current liabilities	—		9,358		—		41,833		—			51,191
Current liabilities for dispositions and discontinued operations	—		—		—		8,446		—			8,446
Total current liabilities	6,132		27,318		14,784		191,628		—			239,862
LONG-TERM DEBT	325,000		—		1,029,770		291,567		—			1,646,337
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		—		67,125		—			67,125
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		131,037		—		27,626		—			158,663
OTHER NON-CURRENT LIABILITIES	—		8,818		—		12,436		—			21,254
INTERCOMPANY PAYABLE	—		105,163		—		102,854		(208,017		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		319,681		2,781,839		(4,622,337		)	1,589,453
Noncontrolling interest	—		—		—		95,426		—			95,426
TOTAL SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		319,681		2,877,265		(4,622,337		)	1,684,879
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,920,585	$	1,793,153	$	1,364,235	$	3,570,501	$	(4,830,354	)	$	3,818,120



	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



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 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	$	389,405		$	394,700		$	84,000		$	291,478		$	(825,347	)	$	334,236
INVESTING ACTIVITIES
Capital expenditures	—			(335		)	—			(122,147		)	—			(122,482		)
Purchase of additional interest in New Zealand joint venture	—			—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			—			(11,650		)	—			(11,650		)
Jesup mill cellulose specialties expansion	—			—			—			(137,392		)	—			(137,392		)
Proceeds from the disposition of Wood Products business	—			—			—			68,063			—			68,063
Change in restricted cash	—			—			—			3,989			—			3,989
Investment in Subsidiaries	(138,178		)	(138,178		)	(316,836		)	—			593,192			—
Other	—			1,701			—			(1,542		)	—			159
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(136,812		)	(316,836		)	(340,558		)	593,192			(339,192		)
FINANCING ACTIVITIES
Issuance of debt	175,000			—			375,000			57,885			—			607,885
Repayment of debt	(325,000		)	—			(56,527		)	(71,936		)	—			(453,463		)
Dividends paid	(175,079		)	—			—			—			—			(175,079		)
Proceeds from the issuance of common shares	9,205			—			—			—			—			9,205
Excess tax benefits on stock-based compensation	—			—			—			8,189			—			8,189
Repurchase of common shares	(11,303		)	—			—			—			—			(11,303		)
Issuance of intercompany notes	(4,000		)	—			—			4,000			—			—
Intercompany distributions	—			(256,921		)	(84,000		)	108,766			232,155			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(331,177		)	(256,921		)	234,473			106,904			232,155			(14,566		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(336		)	—			(336		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(79,950		)	967			1,637			57,488			—			(19,858		)
Balance, beginning of year	252,888			3,966			19,358			4,384			—			280,596
Balance, end of period	$	172,938		$	4,933		$	20,995		$	61,872		$	—		$	260,738



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 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	$	23,916		$	105,407		$	12,000		$	317,407		$	(105,088	)	$	353,642
INVESTING ACTIVITIES
Capital expenditures	—			(240		)	—			(111,775		)	—			(112,015		)
Purchase of timberlands	—			—			—			(11,632		)	—			(11,632		)
Jesup mill cellulose specialties expansion	—			—			—			(104,782		)	—			(104,782		)
Change in restricted cash	—			—			—			(12,796		)	—			(12,796		)
Investment in Subsidiaries	—			—			(5,536		)	—			5,536			—
Other	—			(69		)	—			4,350			—			4,281
CASH USED FOR INVESTING ACTIVITIES	—			(309		)	(5,536		)	(236,635		)	5,536			(236,944		)
FINANCING ACTIVITIES
Issuance of debt	325,000			—			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(30,000		)	(23,153		)	(25,500		)	—			(198,653		)
Dividends paid	(152,358		)	—			—			—			—			(152,358		)
Proceeds from the issuance of common shares	20,732			—			—			—			—			20,732
Excess tax benefits on stock-based compensation	—			—			—			7,057			—			7,057
Debt issuance costs	(3,698		)	—			—			—			—			(3,698		)
Repurchase of common shares	(7,783		)	—			—			—			—			(7,783		)
Issuance of intercompany notes	(9,000		)	—			—			9,000			—			—
Intercompany distributions	—			(24,529		)	(12,000		)	(63,023		)	99,552			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	52,893			(54,529		)	(20,153		)	(57,466		)	99,552			20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			—			(123		)	—			(123		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	76,809			50,569			(13,689		)	23,183			—			136,872
Balance, beginning of year	—			8,977			59,976			9,650			—			78,603
Balance, end of period	$	76,809		$	59,546		$	46,287		$	32,833		$	—		$	215,475

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



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	384,784		$	—		$	384,784
Costs and Expenses
Cost of sales	—			—			287,150			—			287,150
Selling and general expenses	—			2,276			13,050			—			15,326
Other operating expense (income), net	—			738			(2,740		)	661			(1,341		)
	—			3,014			297,460			661			301,135
OPERATING (LOSS) INCOME	—			(3,014		)	87,324			(661		)	83,649
Interest expense	(3,190		)	(7,277		)	(2,564		)	—			(13,031		)
Interest and miscellaneous income (expense), net	2,538			(3,555		)	271			—			(746		)
Equity in income from subsidiaries	57,932			66,610			—			(124,542		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	57,280			52,764			85,031			(125,203		)	69,872
Income tax benefit (expense)	65			5,168			(16,671		)	(67		)	(11,505		)
NET INCOME	57,345			57,932			68,360			(125,270		)	58,367
Less: Net income attributable to noncontrolling interest	—			—			1,022			—			1,022
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345			57,932			67,338			(125,270		)	57,345
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	17,887			17,887			24,259			(35,774		)	24,259
New Zealand joint venture cash flow hedges	2,233			2,231			3,434			(4,465		)	3,433
Amortization of pension and postretirement plans, net of income tax	3,639			3,639			2,747			(6,386		)	3,639
Total other comprehensive income	23,759			23,757			30,440			(46,625		)	31,331
COMPREHENSIVE INCOME	81,104			81,689			98,800			(171,895		)	89,698
Less: Comprehensive income attributable to noncontrolling interest	—			—			8,594			—			8,594
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	81,104		$	81,689		$	90,206		$	(171,895	)	$	81,104



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Three Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	386,163		$	—		$	386,163
Costs and Expenses
Cost of sales	—			—			259,201			—			259,201
Selling and general expenses	—			2,762			12,714			—			15,476
Other operating income (expense), net	—			730			(424		)	—			306
	—			3,492			271,491			—			274,983
Equity in income of New Zealand joint venture	—			—			66			—			66
OPERATING (LOSS) INCOME	—			(3,492		)	114,738			—			111,246
Interest (expense) income	(3,136		)	(10,440		)	5,323			—			(8,253		)
Interest and miscellaneous income (expense), net	1,630			614			(2,010		)	—			234
Equity in income from subsidiaries	82,066			92,369			—			(174,435		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	80,560			79,051			118,051			(174,435		)	103,227
Income tax benefit (expense)	—			3,015			(26,964		)	—			(23,949		)
INCOME FROM CONTINUING OPERATIONS	80,560			82,066			91,087			(174,435		)	79,278
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			1,282			—			1,282
NET INCOME	80,560			82,066			92,369			(174,435		)	80,560
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	5,373			5,373			4,887			(10,260		)	5,373
New Zealand joint venture cash flow hedges	878			878			879			(1,757		)	878
Amortization of pension and postretirement plans, net of income tax	3,401			3,401			(4,959		)	1,558			3,401
Total other comprehensive income	9,652			9,652			807			(10,459		)	9,652
COMPREHENSIVE INCOME	$	90,212		$	91,718		$	93,176		$	(184,894	)	$	90,212



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,187,580		$	—		$	1,187,580
Costs and Expenses
Cost of sales	—			—			850,866			—			850,866
Selling and general expenses	—			7,357			40,997			—			48,354
Other operating (income) expense, net	(1,701		)	1,187			(4,039		)	—			(4,553		)
	(1,701		)	8,544			887,824			—			894,667
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(8,544		)	300,318			—			293,475
Gain on consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(8,544		)	316,416			—			309,573
Interest (expense) income	(9,879		)	(21,410		)	521			—			(30,768		)
Interest and miscellaneous income (expense), net	6,716			(3,470		)	(1,335		)	—			1,911
Equity in income from subsidiaries	293,706			316,241			—			(609,947		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	292,244			282,817			315,602			(609,947		)	280,716
Income tax benefit (expense)	—			10,889			(42,089		)	—			(31,200		)
INCOME FROM CONTINUING OPERATIONS	292,244			293,706			273,513			(609,947		)	249,516
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income taxes	—			—			44,477			—			44,477
NET INCOME	292,244			293,706			317,990			(609,947		)	293,993
Less: Net income attributable to noncontrolling interest	—			—			1,749			—			1,749
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	292,244			293,706			316,241			(609,947		)	292,244
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	237			237			(2,967		)	(474		)	(2,967		)
New Zealand joint venture cash flow hedges	3,663			3,663			4,209			(7,326		)	4,209
Amortization of pension and postretirement plans, net of income tax	12,326			12,326			9,578			(21,904		)	12,326
Total other comprehensive income	16,226			16,226			10,820			(29,704		)	13,568
COMPREHENSIVE INCOME	308,470			309,932			328,810			(639,651		)	307,561
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(909		)	—			(909		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$	308,470		$	309,932		$	329,719		$	(639,651	)	$	308,470



	CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			All Other Subsidiaries (Non- guarantors)			Consolidating Adjustments			Total Consolidated
SALES	$	—		$	—		$	1,070,830		$	—		$	1,070,830
Costs and Expenses
Cost of sales	—			—			738,480			—			738,480
Selling and general expenses	—			7,977			42,656			—			50,633
Other operating expense (income), net	—			742			(6,870		)	—			(6,128		)
	—			8,719			774,266			—			782,985
Equity in income of New Zealand joint venture	—			—			249			—			249
OPERATING (LOSS) INCOME	—			(8,719		)	296,813			—			288,094
Interest (expense) income	(7,502		)	(31,359		)	2,728			—			(36,133		)
Interest and miscellaneous income (expense), net	5,086			1,558			(6,350		)	—			294
Equity in income from subsidiaries	205,492			233,057			—			(438,549		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	203,076			194,537			293,191			(438,549		)	252,255
Income tax benefit (expense)	—			10,955			(65,242		)	—			(54,287		)
INCOME FROM CONTINUING OPERATIONS	203,076			205,492			227,949			(438,549		)	197,968
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			5,108			—			5,108
NET INCOME	203,076			205,492			233,057			(438,549		)	203,076
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	3,115			3,115			2,633			(5,748		)	3,115
New Zealand joint venture cash flow hedges	86			86			86			(172		)	86
Amortization of pension and postretirement plans, net of income tax	9,943			9,943			—			(9,943		)	9,943
Total other comprehensive income	13,144			13,144			2,719			(15,863		)	13,144
COMPREHENSIVE INCOME	$	216,220		$	218,636		$	235,776		$	(454,412	)	$	216,220

Schedule of Condensed Consolidating Balance Sheets



	CONDENSED CONSOLIDATING BALANCE SHEETS As of September 30, 2013
	Rayonier Inc. (Parent Issuer)		Subsidiary Guarantors		Non- guarantors		Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	172,938	$	25,928	$	61,872	$	—		$	260,738
Accounts receivable, less allowance for doubtful accounts	—		1,618		122,742		—			124,360
Inventory	—		—		133,985		—			133,985
Deferred tax asset	—		—		62,914		—			62,914
Prepaid and other current assets	—		5,258		53,926		—			59,184
Total current assets	172,938		32,804		435,439		—			641,181
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,103,503		—			2,103,503
NET PROPERTY, PLANT AND EQUIPMENT	—		2,399		866,033		—			868,432
INVESTMENT IN JOINT VENTURE	—		—		—		—			—
INVESTMENT IN SUBSIDIARIES	1,520,817		2,746,434		—		(4,267,251		)	—
INTERCOMPANY NOTES RECEIVABLE	223,022		20,400		—		(243,422		)	—
OTHER ASSETS	3,808		35,670		165,526		—			205,004
TOTAL ASSETS	$	1,920,585	$	2,837,707	$	3,570,501	$	(4,510,673	)	$	3,818,120
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	—	$	1,738	$	97,232	$	—		$	98,970
Current maturities of long-term debt	—		10,000		—		—			10,000
Accrued taxes	—		3,529		16,617		—			20,146
Accrued payroll and benefits	—		12,969		13,515		—			26,484
Accrued interest	6,132		4,508		3,214		—			13,854
Accrued customer incentives	—		—		10,771		—			10,771
Other current liabilities	—		9,358		41,833		—			51,191
Current liabilities for dispositions and discontinued operations	—		—		8,446		—			8,446
Total current liabilities	6,132		42,102		191,628		—			239,862
LONG-TERM DEBT	325,000		1,029,770		291,567		—			1,646,337
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	—		—		67,125		—			67,125
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		131,037		27,626		—			158,663
OTHER NON-CURRENT LIABILITIES	—		8,818		12,436		—			21,254
INTERCOMPANY PAYABLE	—		105,163		102,854		(208,017		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		2,781,839		(4,302,656		)	1,589,453
Noncontrolling interest	—		—		95,426		—			95,426
TOTAL SHAREHOLDERS’ EQUITY	1,589,453		1,520,817		2,877,265		(4,302,656		)	1,684,879
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$	1,920,585	$	2,837,707	$	3,570,501	$	(4,510,673	)	$	3,818,120



	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



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2013
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	389,405		$	394,700		$	291,478		$	(741,347	)	$	334,236
INVESTING ACTIVITIES
Capital expenditures	—			(335		)	(122,147		)	—			(122,482		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Purchase of timberlands	—			—			(11,650		)	—			(11,650		)
Jesup mill cellulose specialties expansion	—			—			(137,392		)	—			(137,392		)
Proceeds from the disposition of Wood Products business	—			—			68,063			—			68,063
Change in restricted cash	—			—			3,989			—			3,989
Investment in Subsidiaries	(138,178		)	(455,014		)	—			593,192			—
Other	—			1,701			(1,542		)	—			159
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(453,648		)	(340,558		)	593,192			(339,192		)
FINANCING ACTIVITIES
Issuance of debt	175,000			375,000			57,885			—			607,885
Repayment of debt	(325,000		)	(56,527		)	(71,936		)	—			(453,463		)
Dividends paid	(175,079		)	—			—			—			(175,079		)
Proceeds from the issuance of common shares	9,205			—			—			—			9,205
Excess tax benefits on stock-based compensation	—			—			8,189			—			8,189
Debt issuance costs	—			—			—			—			—
Repurchase of common shares	(11,303		)	—			—			—			(11,303		)
Issuance of intercompany notes	(4,000		)	—			4,000			—			—
Intercompany distributions	—			(256,921		)	108,766			148,155			—
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(331,177		)	61,552			106,904			148,155			(14,566		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(336		)	—			(336		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(79,950		)	2,604			57,488			—			(19,858		)
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of period	$	172,938		$	25,928		$	61,872		$	—		$	260,738



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Nine Months Ended September 30, 2012
	Rayonier Inc. (Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES	$	23,916		$	105,407		$	317,407		$	(93,088	)	$	353,642
INVESTING ACTIVITIES
Capital expenditures	—			(240		)	(111,775		)	—			(112,015		)
Purchase of timberlands	—			—			(11,632		)	—			(11,632		)
Jesup mill cellulose specialties expansion	—			—			(104,782		)	—			(104,782		)
Change in restricted cash	—			—			(12,796		)	—			(12,796		)
Investment in Subsidiaries	—			(5,536		)	—			5,536			—
Other	—			(69		)	4,350			—			4,281
CASH USED FOR INVESTING ACTIVITIES	—			(5,845		)	(236,635		)	5,536			(236,944		)
FINANCING ACTIVITIES
Issuance of debt	325,000			15,000			15,000			—			355,000
Repayment of debt	(120,000		)	(53,153		)	(25,500		)	—			(198,653		)
Dividends paid	(152,358		)	—			—			—			(152,358		)
Proceeds from the issuance of common shares	20,732			—			—			—			20,732
Excess tax benefits on stock-based compensation	—			—			7,057			—			7,057
Debt issuance costs	(3,698		)	—			—			—			(3,698		)
Repurchase of common shares	(7,783		)	—			—			—			(7,783		)
Issuance of intercompany notes	(9,000		)	—			9,000			—			—
Intercompany distributions	—			(24,529		)	(63,023		)	87,552			—
CASH PROVIDED BY (USED FOR) FINANCING ACTIVITIES	52,893			(62,682		)	(57,466		)	87,552			20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(123		)	—			(123		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	76,809			36,880			23,183			—			136,872
Balance, beginning of year	—			68,953			9,650			—			78,603
Balance, end of period	$	76,809		$	105,833		$	32,833		$	—		$	215,475

SALE OF WOOD PRODUCTS BUSINESS (Details) $ in Thousands	3 Months Ended			9 Months Ended
SALE OF WOOD PRODUCTS BUSINESS (Details) $ in Thousands	Sep. 30, 2013 USD ($)	Mar. 31, 2013	Sep. 30, 2012 USD ($)	Sep. 30, 2013 USD ($)	Sep. 30, 2012 USD ($)	Mar. 01, 2013 USD ($) lumber_mill
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
Operating results of discontinued operations
Income tax expense	$ 0		$ (646)	$ (22,273)	$ (2,573)
Income from discontinued operations, net	0		1,282	$ 44,477	5,108
Wood Products business [Member]
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of lumber mills sold \| lumber_mill						3
Base consideration received						$ 80,000
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		22,825	16,968	65,865
Cost of sales and other	0		(20,897)	(14,258)	(58,184)
Gain on sale of discontinued operations	0		0	64,040	0
Income from discontinued operations before income taxes	0		1,928	66,750	7,681
Income tax expense	0		(646)	$ (22,273)	(2,573)
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		3,270	$ 1,650	9,507
Saw timber procurement services	0		282	223	856
Total intercompany	$ 0		$ 3,552	$ 1,873	$ 10,363
Baxley Mill [Member]
Major classes of Wood Products' assets and liabilities included in the sale
Percent of mill chips required to purchase	100.00%			100.00%
Percent of mill chips required to purchase period				5 years
Swainsboro Mill [Member]
Major classes of Wood Products' assets and liabilities included in the sale
Percent of mill chips required to purchase	25.00%			25.00%

EARNINGS PER COMMON SHARE Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Income amounts attributable to Rayonier Inc.

Income from continuing operations

$ 58,367

$ 79,278

$ 249,516

$ 197,968

Less: Income from continuing operations attributable to noncontrolling interest

1,022

1,749

Income from continuing operations attributable to Rayonier Inc.

57,345

79,278

247,767

197,968

Income from discontinued operations attributable to Rayonier Inc.

1,282

44,477

5,108

NET INCOME ATTRIBUTABLE TO RAYONIER INC.

$ 57,345

$ 80,560

$ 292,244

$ 203,076

Shares used for determining basic earnings per common share

126,122,151

122,848,705

125,549,133

122,552,910

Dilutive effect of:

Stock options

468,286

603,761

501,324

667,960

Performance and restricted shares

546,247

755,884

518,138

735,653

Assumed conversion of Senior Exchangeable Notes

^[1]

2,168,254

3,683,936

2,176,414

3,148,423

Assumed conversion of warrants

^[1],[2]

1,608,466

2,067,380

2,043,965

1,443,606

Shares used for determining diluted earnings per common share

130,913,404

129,959,666

130,788,974

128,548,552

Basic earnings per common share attributable to Rayonier Inc.:

Continuing operations, Basic (in dollars per share)

$ 0.45

$ 0.65

$ 1.97

$ 1.62

Discontinued operations, Basic (in dollars per share)

0.00

0.01

0.36

0.04

Net Income, Basic (in dollars per share)

0.45

0.66

2.33

1.66

Diluted earnings per common share attributable to Rayonier Inc.:

Continuing operations, Diluted (in dollars per share)

0.44

0.61

1.89

1.54

Discontinued operations, Diluted (in dollars per share)

0.00

0.01

0.34

0.04

Net Income, Diluted (in dollars per share)

$ 0.44

$ 0.62

$ 2.23

$ 1.58

[1]

The Senior Exchangeable Notes due 2012 (the “2012 Notes”) matured in October 2012 and $31.5 million of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) were redeemed by the noteholders in September 2013; however, no additional shares were issued due to offsetting exchangeable note hedges. Similarly, Rayonier will not issue additional shares upon future exchange or maturity of 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 included for the three and nine months ended September 30, 2012. The full dilutive effect of the 2015 Notes was included for the three and nine months ended September 30, 2012, while only a proportional amount based on the length of time the $31.5 million balance was outstanding before the exchange was included for the three and nine months ended September 30, 2013.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 associated with the 2015 Notes if the stock price exceeds $39.24 per share. For further information, 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 associated with the 2012 Notes in the first nine months of 2013 were primarily due to an increase in the average stock price from $45.65 in the nine months ended September 30, 2012 to $56.42, partially offset by a decrease in dilutive shares due to the maturity of the warrants. The shares used for the assumed conversion of the warrants decreased in the third quarter of 2013 as there was no dilutive impact from the warrants on the 2012 Notes.

EARNINGS PER COMMON SHARE Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share (Details) - shares

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 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

2,270,138

3,807,153

2,343,901

3,410,182

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

101,884

123,217

167,487

261,759

Assumed conversion of exchangable note hedges [Member]

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

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

^[1]

2,168,254

3,683,936

2,176,414

3,148,423

[1]

EARNINGS PER COMMON SHARE Parenthetical (Details) $ / shares in Units, $ in Millions		3 Months Ended	9 Months Ended
	Apr. 06, 2013 shares	Mar. 31, 2013 shares	Sep. 30, 2013 USD ($) $ / shares $ / unit shares	Sep. 30, 2012 $ / shares
Class of Warrant or Right [Line Items]
Average Stock Price \| $ / shares			$ 56.42	$ 45.65
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			39.24
Senior Exchangeable Notes due 2015 - Settlements 1 and 2 [Member]
Class of Warrant or Right [Line Items]
Redemption amount settled \| $			$ 31.5

INCOME TAXES AFMC for CBPC exchange Narrative (Details) gal in Millions	3 Months Ended			9 Months Ended		12 Months Ended
	Sep. 30, 2013 USD ($) tax_credit	Mar. 31, 2013 USD ($) gal	Sep. 30, 2012 USD ($) gal	Sep. 30, 2013 USD ($) tax_credit	Sep. 30, 2012 USD ($) gal	Dec. 31, 2009 USD ($)
AFMC for CBPC Exchange [Line Items]
Number of tax credits \| tax_credit	2			2
Interest expense	$ (13,031,000)		$ (8,253,000)	$ (30,768,000)	$ (36,133,000)
Alternative Fuel Mixture Credit [Member]
AFMC for CBPC Exchange [Line Items]
Tax Credit Amount per Gallon						$ 0.50
Cellulosic Biofuel Producer Credit [Member]
AFMC for CBPC Exchange [Line Items]
Tax Credit Amount per Gallon						$ 1.01
Exchange of Alternative Fuel Tax Benefit [Member]
AFMC for CBPC Exchange [Line Items]
Gallons Exchanged \| gal		120	22		82
Income Tax Benefit		$ 18,800,000	$ 2,600,000		$ 11,700,000
Interest expense			$ 3,400,000

INCOME TAXES Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating Loss Carryforwards [Line Items]
Income tax expense at federal statutory rate	$ 24,000	$ 36,000	$ 98,000	$ 88,000
Income tax expense at federal statutory rate (percent)	35.00%	35.00%	35.00%	35.00%
REIT income not subject to tax	$ (11,000)	$ (6,000)	$ (37,000)	$ (18,000)
REIT Income Not Subject to Tax (percent)	(15.70%)	(5.90%)	(13.20%)	(7.20%)
Other	$ 1,000	$ (2,000)	$ (1,000)	$ (3,000)
Other (percent)	0.50%	(2.30%)	(0.50%)	(1.30%)
Income tax expense before discrete items	$ 14,000	$ 28,000	$ 60,000	$ 67,000
Income tax expense before discrete items (percent)	19.80%	26.80%	21.30%	26.50%
Exchange of AFMC for CBPC	$ 0	$ (3,000)	$ (19,000)	$ (12,000)
Exchange of AFMC for CBPC (percent)	0.00%	(3.10%)	(6.70%)	(4.60%)
Gain related to consolidation of New Zealand joint venture			$ (5,000)	$ 0
Gain related to consolidation of New Zealand venture (percent)			(2.00%)	0.00%
Other	$ (2,000)	$ (1,000)	$ (5,000)	$ (1,000)
Other (percent)	(3.30%)	(0.50%)	(1.50%)	(0.40%)
Income tax expense as reported	$ 11,505	$ 23,949	$ 31,200	$ 54,287
Income tax as reported (percent)	16.50%	23.20%	11.10%	21.50%
Interal Asset Transfer Benefit [Member]
Operating Loss Carryforwards [Line Items]
Income Tax Benefit			$ 4,900

INCOME TAXES Provision for Income Taxes from Discontinued Operations and Unrecognized Tax Benefits Narrative (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Mar. 01, 2013
Operating Loss Carryforwards [Line Items]
Description of Proceeds from Divestiture of Business		$80 million plus a working capital adjustment
Discontinued Operation, Tax Effect of Discontinued Operation	$ 0		$ 646	$ 22,273	$ 2,573
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation				$ 21,400
Wood Products business [Member]
Operating Loss Carryforwards [Line Items]
Base consideration received						$ 80,000
Description of Proceeds from Divestiture of Business				$80 million plus a working capital adjustment
Discontinued Operation, Tax Effect of Discontinued Operation	0		$ 646	$ 22,273	$ 2,573
Increased domestic production deduction due to inclusion of CBPC income [Member]
Operating Loss Carryforwards [Line Items]
Unrecognized tax benefit	$ 4,800			$ 4,800

RESTRICTED DEPOSITS (Details) - USD ($) $ in Thousands	9 Months Ended
RESTRICTED DEPOSITS (Details) - USD ($) $ in Thousands	Sep. 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	$ 6,569	$ 10,559

JOINT VENTURE INVESTMENT Narrative (Details) $ in Thousands, Acres in Millions	Apr. 04, 2013 USD ($) Acres	Sep. 30, 2013	Jun. 30, 2013 USD ($)
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 (“New Zealand 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%
Purchase price	$ 139,879
Contingent Consideration, Amount	3,300
Gain on foreign currency forward contracts	$ 1,700
Contingent Consideration, Description	The contingent consideration arrangement required the Company to pay additional consideration to the New Zealand JV’s selling (former) shareholders equal to a multiple of the increase in log prices for a six month period beginning in November 2012.
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%	26.00%
Step Acquisition Description	The additional 39 percent interest acquired resulted in the Company obtaining a controlling financial interest in the New Zealand 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 New Zealand JV held before the purchase of the additional interest.
Step Acquisition, Remeasurement Gain, Financial Statement Caption	“Gain related to consolidation of New Zealand joint venture”
Less: Fair value of equity method investment	$ 93,253
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

JOINT VENTURE INVESTMENT Schedule of Purchase Plan Allocation (Details) - USD ($)
$ in Thousands

Apr. 04, 2013

Sep. 30, 2013

Sep. 30, 2012

Business Combinations [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

^[1]

$ 125,532

$ 0

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

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

JOINT VENTURE INVESTMENT Schedule of Purchase Plan Allocation Parenthetical (Details) - Conversion of Matariki shareholder debt to preferred equity [Member] $ in Thousands	Apr. 04, 2013 USD ($)
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 New Zealand JV
Debt Conversion, Converted Instrument, Amount	$ 95,961
Debt Conversion, Converted Instrument, Type	preferred equity

JOINT VENTURE INVESTMENT Business Acquisition, Pro Forma Information (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012
Business Combinations [Abstract]
JV's Sales from April 4, 2013 to September 30, 2013			$ 98,717
JV's Net Income from April 4, 2013 to September 30, 2013			$ 4,997
Pro Forma Consolidated Sales	$ 384,784	$ 437,881		$ 1,222,106	$ 1,216,691
Pro Forma Consolidated Net Income	$ 58,367	$ 78,598		$ 292,234	$ 197,330

SHAREHOLDERS'S EQUITY (Details) - USD ($) $ / shares in Units, $ in Thousands		3 Months Ended			9 Months Ended		12 Months Ended
	Apr. 06, 2013	Sep. 30, 2013	Mar. 31, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholers' equity attributable to parent, Beginning balance			$ 1,438,004		$ 1,438,004
Stockholders' equity attributable to noncontrolling interest, Beginning balance			0		0
Total stockholders' equity, Beginning balance			$ 1,438,004		1,438,004	$ 1,323,073	$ 1,323,073
Acquisition of noncontrolling interest					96,335
Net income attributable to Parent		$ 57,345		$ 80,560	292,244	203,076
Net income attributable to noncontrolling interest		1,022		0	1,749	0
Net income including portion attributable to noncontrolling interest		58,367		80,560	293,993	203,076	278,685
Dividends ($1.68 per share for 2012 and $1.37 per share for 9 months ended 9/30/13)					(173,629)		(208,286)
Issuance of shares under incentive stock plans					9,205		25,495
Stock-based compensation					9,020		15,116
Excess tax benefit on stock-based compensation					8,189		7,635
Repurchase of common shares					(11,303)		(7,783)
Equity portion of convertible debt (Note 16)					1,497
Amortization of pension and postretirement plans, Total		3,639		3,401	12,326	9,943	(496)
Foreign currency translation adjustment, Total		24,259		5,373	(2,967)	3,115	4,352
Joint venture cash flow hedges, Total		3,433		$ 878	4,209	$ 86	213
Stockholders' equity attributable to parent, Ending balance		1,589,453			1,589,453		1,438,004
Stockholders' equity attributable to noncontrolling interest, Ending balance		95,426			95,426		0
Total stockholders' equity, Ending balance		$ 1,684,879			$ 1,684,879		$ 1,438,004
Dividends [Abstract]
Common Stock, Dividends, Per Share, Declared					$ 1.37		$ 1.68
Warrants on Senior Exchangeable Notes due 2012 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Settlement of warrants (in shares)	97,918		2,037,303		2,135,221
Common Shares [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' equity, beginning balance (in shares)			123,332,444		123,332,444	122,035,177	122,035,177
Stockholers' equity attributable to parent, Beginning balance			$ 670,749		$ 670,749	$ 630,286	$ 630,286
Issuance of shares under incentive stock plan (in shares)					967,566		1,467,024
Issuance of shares under incentive stock plans					$ 9,205		$ 25,495
Stock-based compensation					9,020		15,116
Excess tax benefit on stock-based compensation					$ 8,189		$ 7,635
Repurchase of common shares (in shares)					(210,810)		(169,757)
Repurchase of common shares					$ (11,303)		$ (7,783)
Equity portion of convertible debt (Note 16)					$ 1,497
Stockholders' equity, ending balance (in shares)		126,224,421			126,224,421		123,332,444
Stockholders' equity attributable to parent, Ending balance		$ 687,357			$ 687,357		$ 670,749
Common Shares [Member] \| Warrants on Senior Exchangeable Notes due 2012 [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Settlement of warrants (in shares)					2,135,221
Retained Earnings [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholers' equity attributable to parent, Beginning balance			876,634		$ 876,634	806,235	806,235
Net income attributable to Parent					292,244		278,685
Dividends ($1.68 per share for 2012 and $1.37 per share for 9 months ended 9/30/13)					(173,629)		(208,286)
Stockholders' equity attributable to parent, Ending balance		995,249			995,249		876,634
Accumulated Other Comprehensive Income (Loss) [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholers' equity attributable to parent, Beginning balance			(109,379)		(109,379)	(113,448)	(113,448)
Amortization of pension and postretirement plans attributable to parent					12,326		(496)
Foreign currency translation adjustment attributable to parent					237		4,352
Joint venture cash flow hedges attributable to parent					3,663		213
Stockholders' equity attributable to parent, Ending balance		(93,153)			(93,153)		(109,379)
Noncontrolling Interest [Member]
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Stockholders' equity attributable to noncontrolling interest, Beginning balance			$ 0		0	$ 0	0
Acquisition of noncontrolling interest					96,335
Net income attributable to noncontrolling interest					1,749
Foreign currency translation adjustment attributable to noncontrolling interest					(3,204)
Joint venture cash flow hedges attributable to noncontrolling interest					546
Stockholders' equity attributable to noncontrolling interest, Ending balance		$ 95,426			$ 95,426		$ 0

SEGMENT AND GEOGRAPHICAL INFORMATION Narrative (Details)	9 Months Ended	12 Months Ended
	Sep. 30, 2013 segment	Dec. 31, 2012 segment	Jun. 30, 2013 product_line	Apr. 04, 2013
Segment Reporting [Abstract]
Number of reportable segments \| segment	3	4
Additional ownership interest acquired				39.00%
Post-acquisition ownership percentage				65.00%
Number of product lines \| product_line			2

SEGMENT AND GEOGRAPHICAL INFORMATION Schedule of Segment Reporting Information, by Segment (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Dec. 31, 2012

Segment Reporting Information [Line Items]

ASSETS

$ 3,818,120

$ 3,122,951

SALES

384,784

$ 386,163

1,187,580

$ 1,070,830

OPERATING INCOME(LOSS)

83,649

111,246

309,573

288,094

DEPRECIATION, DEPLETION AND AMORTIZATION

53,151

35,526

132,810

100,130

Forest Resources [Member]

Segment Reporting Information [Line Items]

ASSETS

2,216,727

1,690,030

SALES

111,260

59,853

277,422

164,711

OPERATING INCOME(LOSS)

23,172

11,184

57,317

27,438

DEPRECIATION, DEPLETION AND AMORTIZATION

28,475

18,793

72,210

52,662

Real Estate [Member]

Segment Reporting Information [Line Items]

ASSETS

88,002

112,647

SALES

14,088

13,043

51,761

37,369

OPERATING INCOME(LOSS)

7,521

8,420

30,468

20,897

DEPRECIATION, DEPLETION AND AMORTIZATION

2,074

1,288

8,720

4,733

Performance Fibers [Member]

Segment Reporting Information [Line Items]

ASSETS

1,122,779

902,309

SALES

224,243

288,221

761,456

793,586

OPERATING INCOME(LOSS)

62,663

101,455

233,415

265,812

DEPRECIATION, DEPLETION AND AMORTIZATION

22,340

15,077

51,142

41,577

Wood Products [Member]

Segment Reporting Information [Line Items]

ASSETS

^[1]

18,454

Other Operations [Member]

Segment Reporting Information [Line Items]

ASSETS

29,056

23,296

SALES

35,295

26,293

97,394

76,702

OPERATING INCOME(LOSS)

(301)

(419)

1,643

(201)

Corporate and other [Member]

Segment Reporting Information [Line Items]

ASSETS

361,556

$ 376,215

OPERATING INCOME(LOSS)

^[2]

(9,406)

(9,394)

(13,270)

(25,852)

DEPRECIATION, DEPLETION AND AMORTIZATION

262

368

738

1,158

Intersegment Eliminations [Member]

Segment Reporting Information [Line Items]

SALES

$ (102)

$ (1,247)

(453)

$ (1,538)

New Zealand Joint Venture [Member]

Segment Reporting Information [Line Items]

Step Acquisition, Remeasurement Gain, Amount

$ 16,100

[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]	The nine months ended September 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 Narrative (Details)	Sep. 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	9 Months Ended
	Sep. 30, 2013	Sep. 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		$ 1,500
Designated as Hedging Instrument [Member] \| Foreign currency exchange contracts [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	$ 2,602	1,093
Designated as Hedging Instrument [Member] \| Foreign currency exchange contracts [Member] \| Other operating income (expense) [Member] \| Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in other comprehensive income	(619)	(619)
Designated as Hedging Instrument [Member] \| Foreign currency option contracts [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	832	468
Not Designated as Hedging Instrument [Member] \| Foreign currency exchange contracts [Member] \| Other operating income (expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (Ioss) recognized in income	360	1,786
Not Designated as Hedging Instrument [Member] \| Foreign currency option contracts [Member] \| Other operating income (expense) [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (Ioss) recognized in income	480	(1,011)
Not Designated as Hedging Instrument [Member] \| Interest rate swaps [Member] \| Interest and other miscellaneous income [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (Ioss) recognized in income	2,079	4,729
Not Designated as Hedging Instrument [Member] \| Fuel hedges [Member] \| Cost of sales - benefit [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (Ioss) recognized in income	$ (162)	$ (14)

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES Notional Amounts (Details)
bbl in Thousands, $ in Thousands

Sep. 30, 2013

USD ($)

bbl

^[1]

Foreign currency exchange contracts [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount

$ 8,650

Foreign currency option contracts [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount

16,000

Interest rate swaps [Member] | Not Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount

$ 185,013

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

Derivatives, Fair Value [Line Items]

Notional Amount (in thousands of barrels) | bbl

Cash Flow Hedging [Member] | Foreign currency exchange contracts [Member] | Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount

$ 23,500

Cash Flow Hedging [Member] | Foreign currency option contracts [Member] | Designated as Hedging Instrument [Member]

Derivatives, Fair Value [Line Items]

Notional Amount

$ 32,000

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

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES Balance Sheet Location (Details)
$ in Thousands

Sep. 30, 2013

USD ($)

^[1]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

$ (7,573)

Fair value, derivative asset

2,260

Other current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(3,409)

Other assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

2,056

Other non-current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(4,164)

Prepaid and other current assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

204

Foreign currency exchange contracts [Member] | Not Designated as Hedging Instrument [Member] | Prepaid and other current assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

204

Foreign currency option contracts [Member] | Not Designated as Hedging Instrument [Member] | Other current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(56)

Foreign currency option contracts [Member] | Not Designated as Hedging Instrument [Member] | Other assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

200

Interest rate swaps [Member] | Not Designated as Hedging Instrument [Member] | Other current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(2,949)

Interest rate swaps [Member] | Not Designated as Hedging Instrument [Member] | Other non-current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(4,164)

Fuel contracts [Member] | Not Designated as Hedging Instrument [Member] | Other current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(109)

Cash Flow Hedging [Member] | Foreign currency exchange contracts [Member] | Designated as Hedging Instrument [Member] | Other current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(9)

Cash Flow Hedging [Member] | Foreign currency exchange contracts [Member] | Designated as Hedging Instrument [Member] | Other assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

1,101

Cash Flow Hedging [Member] | Foreign currency option contracts [Member] | Designated as Hedging Instrument [Member] | Other current liabilities [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative liability

(286)

Cash Flow Hedging [Member] | Foreign currency option contracts [Member] | Designated as Hedging Instrument [Member] | Other assets [Member]

Derivatives, Fair Value [Line Items]

Fair value, derivative asset

$ 755

[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

Sep. 30, 2013

Dec. 31, 2012

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

Equity portion of the current maturity

$ 6,900

Carrying Value

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

Cash and cash equivalents

260,738

$ 280,596

Restricted cash

^[1]

6,569

10,559

Current maturities of long-term debt

(10,000)

(150,000)

Long-term debt

(1,646,337)

(1,120,052)

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

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

Interest rate swaps

^[2]

(7,113)

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]

(109)

Carrying Value | Fair Value, Measurements, Recurring [Member] | Foreign currency exchange contracts [Member]

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

Foreign currency option contracts

^[2]

1,296

Carrying Value | Fair Value, Measurements, Recurring [Member] | Foreign currency option contracts [Member]

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

Foreign currency option contracts

^[2]

613

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

260,738

280,596

Restricted cash

^[1]

6,569

10,559

Current maturities of long-term debt

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 currency exchange contracts [Member]

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

Foreign currency option contracts

^[2]

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 1 | Fair Value, Measurements, Recurring [Member] | Foreign currency option contracts [Member]

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

Foreign currency option 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]

Current maturities of long-term debt

(16,900)

^[3]

(150,000)

Long-term debt

(1,739,813)

(1,250,341)

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]

(7,113)

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]

(109)

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Foreign currency exchange contracts [Member]

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

Foreign currency option contracts

^[2]

1,296

Estimate of Fair Value, Fair Value Disclosure [Member] | Level 2 | Fair Value, Measurements, Recurring [Member] | Foreign currency option contracts [Member]

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

Foreign currency option contracts

^[2]

$ 613

$ 0

[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.
[3]	The fair market value of current maturities of long-term-term debt represents the value of the debt and equity associated with the early redemption of a portion of the Senior Exchangeable Notes due 2015. The Company has a hedge agreement that offsets the $6.9 million equity portion of the current maturity. See Note 16 — Debt for more information regarding the exchange of the notes.

FAIR VALUE MEASUREMENTS Fair Value Measurements Methods and Assumptions (Details)	9 Months Ended
	Sep. 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 currency exchange contracts [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 currency option contracts [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 option contracts is based on a mark-to-market calculation using the Black-Scholes option pricing model.

GUARANTEES (Details)
$ in Thousands

9 Months Ended

Sep. 30, 2013

USD ($)

Guarantor Obligations [Line Items]

Maximum Potential Payment

$ 27,787

Carrying Amount of Liability

16,194

Standby letters of credit

Guarantor Obligations [Line Items]

Maximum Potential Payment

18,205

^[1]

Carrying Amount of Liability

15,000

^[1]

Guarantor Obligations Collateral for Industrial Revenue Bonds

$ 15,000

Guarantor Obligations, Term

various dates during 2013 and 2014

Guarantees

Guarantor Obligations [Line Items]

Maximum Potential Payment

$ 2,254

^[2]

Carrying Amount of Liability

$ 43

^[2]

Variable Interest Entity Recorded Liability For Performance Obligation

de minimus liability

Surety bonds

Guarantor Obligations [Line Items]

Maximum Potential Payment

$ 7,328

^[3]

Carrying Amount of Liability

$ 1,151

^[3]

Guarantor Obligations, Term

various dates during 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 September 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 during 2014 and are expected to be renewed as required.

COMMITMENTS (Details)
$ in Thousands

9 Months Ended

Sep. 30, 2013

USD ($)

lease

Operating Leases

Remaining 2013

$ 315

^[1]

2014

883

^[1]

2015

612

^[1]

2016

1,632

^[1]

2017

2,410

^[1]

Thereafter

17,789

^[1]

Total Operating Leases

23,641

^[1]

Purchase Obligations

Remaining 2013

2,088

^[2]

2014

8,645

^[2]

2015

8,345

^[2]

2016

9,577

^[2]

2017

8,597

^[2]

Thereafter

6,005

^[2]

Total Purchase Obligations

43,257

^[2]

Forestry Rights [Member]

Operating Leases

Remaining 2013

474

^[3]

2014

1,639

^[3]

2015

1,639

^[3]

2016

1,639

^[3]

2017

1,639

^[3]

Thereafter

42,642

^[3]

Total Operating Leases

49,672

^[3]

Forest Leases [Member]

Operating Leases

Remaining 2013

290

^[4]

2014

1,153

^[4]

2015

1,153

^[4]

2016

1,153

^[4]

2017

1,153

^[4]

Thereafter

57,799

^[4]

Total Operating Leases

$ 62,701

^[4]

Matariki Crown Forest Licenses [Member]

Leases, Operating [Abstract]

Termination notice period

35 years

Renewal term

1 year

Number of leases under termination notice | lease

Number of leases terminating in 2034 | lease

Number of leases terminating in 2062 | lease

Description of Lessee Leasing Arrangements, Operating Leases

Crown Forest Licenses Total Annual License Fee

$ 2,700

Minimum [Member] | Forest Leases [Member]

Leases, Operating [Abstract]

Term of lease

30 years

Maximum [Member] | Forest Leases [Member]

Leases, Operating [Abstract]

Term of lease

99 years

[1]	Operating leases include New Zealand leases on buildings, machinery and equipment under various operating leases and a Jesup mill natural gas transportation lease.
[2]	Pursuant to the Wood Products purchase and sale agreement, Rayonier contracted with Interfor to purchase wood chips produced at the lumber mills for use at Rayonier’s Jesup mill. Purchase obligations include obligations under this agreement as well as payments expected to be made on derivative financial instruments held in New Zealand.
[3]	Forestry rights grant access to the leased land for the purpose of harvesting. The majority of the New Zealand 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.
[4]	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	9 Months Ended	12 Months Ended
	Sep. 30, 2013	Dec. 31, 2012
Accrual for Environmental Loss Contingencies [Roll Forward]
Balance, beginning of period	$ 81,695	$ 90,824
Expenditures charged to liabilities	(6,411)	(9,926)
Increase to liabilities	287	797
Balance, end of period	75,571	81,695
Less: Current portion	(8,446)	(8,105)
Non-current portion	$ 67,125	$ 73,590

LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS Narrative (Details) $ in Millions	9 Months Ended
	Sep. 30, 2013 USD ($)
Liabilities of Disposal Group, Including Discontinued Operation [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 September 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)	9 Months Ended
EMPLOYEE BENEFIT PLANS Narrative (Details)	Sep. 30, 2013 USD ($)
Defined Benefit Pension Plans and Defined Benefit Postretirement Plans Disclosure [Abstract]
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

EMPLOYEE BENEFIT PLANS Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Pension [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 2,011	$ 2,102	$ 6,441	$ 6,143
Interest cost	3,953	4,321	12,740	12,630
Expected return on plan assets	(5,966)	(6,369)	(19,356)	(18,618)
Amortization of prior service cost	322	327	1,032	956
Amortization of losses	4,792	4,394	15,308	12,846
Net periodic benefit cost	5,112	4,775	16,165	13,957
Postretirement [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	330	227	828	664
Interest cost	231	242	711	706
Expected return on plan assets	0	0	0	0
Amortization of prior service cost	6	6	19	18
Amortization of losses	98	156	533	455
Net periodic benefit cost	$ 665	$ 631	$ 2,091	$ 1,843

DEBT Narrative (Details)			3 Months Ended			9 Months Ended
DEBT Narrative (Details)	Oct. 03, 2013 USD ($)	Apr. 06, 2013 shares	Dec. 31, 2013 USD ($)	Sep. 30, 2013 USD ($) note_holder redemption unit	Mar. 31, 2013 shares	Sep. 30, 2013 USD ($) redemption unit shares	Sep. 30, 2012 USD ($)
Debt Instrument [Line Items]
Loss on Extinguishment of Debt						$ 3,017,000	$ 0
Senior Exchangeable Notes Due 2012 at a fixed interest rate of 3.75% [Member]
Debt Instrument [Line Items]
Stated interest rate				3.75%		3.75%
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]
Debt Instrument [Line Items]
Stated interest rate				4.50%		4.50%
Debt Instrument, Exchange Feature, Exchange Period, Beginning Date				Sep. 30, 2013		Jun. 30, 2013
Face Amount				$ 172,500,000		$ 172,500,000
Maturity date						2015
Debt Instrument, Exchange Feature, Exchange Period, End Date				Dec. 31, 2013		Sep. 30, 2013
Debt Instrument, Exchange Feature, Description						According to 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.
Percent of the exchange price the stock price must exceed						130.00%
Trading day threshold						20 days
Number of trading days for stock price						30 days
Number of note holder groups \| note_holder				3
Principal amount redeemed				$ 41,500,000
Number of redemptions settled \| redemption				2		2
Senior Exchangeable Notes due 2015 - Settlements 1 and 2 [Member]
Debt Instrument [Line Items]
Redemption amount settled						$ 31,500,000
Loss on Extinguishment of Debt				$ 3,000,000
Term Credit Agreement due 2019 [Member]
Debt Instrument [Line Items]
Debt Instrument, Increase, Additional Borrowings						200,000,000
Debt Instrument, Unused Borrowing Capacity, Amount				140,000,000		140,000,000
April 2011 Line of Credit as Amended October 2012 [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Increase (Decrease) for Period, Net						0
Line of Credit Facility, Maximum Borrowing Capacity				450,000,000		450,000,000
Line of Credit Facility, Remaining Borrowing Capacity				172,000,000		172,000,000
Line of Credit Facility, Amount to Secure Letters of Credit				$ 3,000,000		$ 3,000,000
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
Total Number of Warrants \| unit				8,313,511		8,313,511
Number of Warrants Settled \| unit				8,313,511		8,313,511
Shares issued on conversion of warrants \| shares		97,918			2,037,303	2,135,221
Subsequent Event [Member] \| Senior Exchangable Notes due 2015 - Third Settlement [Member]
Debt Instrument [Line Items]
Redemption amount settled	$ 10,000,000
Loss on Extinguishment of Debt			$ 1,000,000

DEBT Joint Venture Debt (Details) - USD ($) $ in Thousands		9 Months Ended
DEBT Joint Venture Debt (Details) - USD ($) $ in Thousands	Apr. 04, 2013	Sep. 30, 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		$ (10,000)	$ (150,000)
LONG-TERM DEBT		1,646,337	$ 1,120,052
Matariki Forestry Group [Member]
Debt Instrument [Line Items]
Long-term Debt		226,250
Less: Current maturities of long-term debt		0
LONG-TERM DEBT		226,250
Senior Secured Facilities Agreement as Amended July 2013, Working Capital Facility due 2014 [Member] \| Matariki Forestry Group [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding		0
Noncontrolling interest shareholder loan at 0% interest rate [Member] \| Matariki Forestry Group [Member]
Debt Instrument [Line Items]
Long-term Debt		$ 31,717
Interest rate during period		0.00%
Senior Secured Facilities Agreement as Amended July 2013, Revolving Cash Advance Facility due 2016 [Member] \| Matariki Forestry Group [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Amount Outstanding		$ 194,533
Variable interest rate		4.39%

DEBT Senior Secured Facilities Agreement (Details) - Matariki Forestry Group [Member]	9 Months Ended
	Sep. 30, 2013 USD ($) tranche
Senior Secured Facilities Agreement as Amended July 2013 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Number of Tranches \| tranche	2
Line of Credit Facility, Maximum Borrowing Capacity	$ 214,000,000
Line of Credit Facility, Description	comprised of two tranches. Tranche A, a $195 million revolving cash advance facility expires September 2016 and Tranche B, a $19 million working capital facility expires July 2014.
Debt Instrument, Currency	New Zealand dollars
Senior Secured Facilities Agreement as Amended July 2013, Revolving Cash Advance Facility due 2016 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 195,000,000
Line of Credit Facility, Amount Outstanding	$ 195,000,000
Interest rate during period	4.39%
Maturity date	September 2016
Line of Credit Facility, Interest Rate Description	The interest rate is indexed to the 90 day New Zealand Bank bill rate and is generally repriced quarterly. The margin on the index rate fluctuates based on the interest coverage ratio.
Senior Secured Facilities Agreement as Amended July 2013, Working Capital Facility due 2014 [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 19,000,000
Line of Credit Facility, Amount Outstanding	$ 0
Debt Instrument, Description of Variable Rate Basis	Official Cash Rate set by the Reserve Bank of New Zealand
Minimum [Member] \| Senior Secured Facilities Agreement as Amended July 2013, Working Capital Facility due 2014 [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.17%
Maximum [Member] \| Senior Secured Facilities Agreement as Amended July 2013, Working Capital Facility due 2014 [Member]
Line of Credit Facility [Line Items]
Debt Instrument, Basis Spread on Variable Rate	1.44%

DEBT Shareholder Loan, Debt Covenants and Subsequent Event (Details) - USD ($) $ in Thousands		3 Months Ended	9 Months Ended
	Oct. 03, 2013	Dec. 31, 2013	Sep. 30, 2013	Sep. 30, 2012
Debt Instrument [Line Items]
Loss on Extinguishment of Debt			$ 3,017	$ 0
Matariki Forestry Group [Member] \| Noncontrolling interest shareholder loan at 0% interest rate [Member]
Debt Instrument [Line Items]
Face Amount			$ 32,000
Long-term Debt, Description			This loan represents part of the noncontrolling party’s investment in the New Zealand JV. The loan is secured by timberlands owned by the New Zealand 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.
Matariki Forestry Group [Member] \| Senior Secured Facilities Agreement as Amended July 2013 [Member]
Debt Instrument [Line Items]
Debt Instrument, Covenant Description			generation of sufficient cash flows to meet a minimum interest coverage ratio of 1.25 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 40 percent.
Minimum interest coverage ratio			125.00%
Maximum leverage ratio			40.00%
Debt Instrument, Covenant Compliance			At September 30, 2013, the New Zealand JV was in compliance with all its covenants.
Subsequent Event [Member] \| Senior Exchangable Notes due 2015 - Third Settlement [Member]
Debt Instrument [Line Items]
Subsequent Event, Date	Oct. 03, 2013
Redemption amount settled	$ 10,000
Loss on Extinguishment of Debt		$ 1,000

ACCUMULATED OTHER COMPREHENSIVE LOSS (Details) - USD ($)
$ in Thousands

3 Months Ended

9 Months Ended

Sep. 30, 2013

Sep. 30, 2012

Sep. 30, 2013

Sep. 30, 2012

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Beginning balance

$ (109,379)

Other comprehensive income before reclassifications

1,576

Amounts reclassified from accumulated other comprehensive income

14,650

Total other comprehensive income

16,226

Ending balance

$ (93,153)

(93,153)

$ 0

16,098

$ 0

Other operating (income) expense, net

1,341

(306)

4,553

6,128

Comprehensive income (loss) attributable to noncontrolling interest

8,594

$ 0

(909)

$ 0

Foreign currency translation gains [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Beginning balance

38,829

Other comprehensive income before reclassifications

237

Amounts reclassified from accumulated other comprehensive income

Total other comprehensive income

237

Ending balance

39,066

New Zealand joint venture cash flow hedges [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Beginning balance

(3,628)

Other comprehensive income before reclassifications

809

Amounts reclassified from accumulated other comprehensive income

2,854

Total other comprehensive income

3,663

Ending balance

Unrecognized components of employee benefit plans, net of tax [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Beginning balance

(144,580)

Other comprehensive income before reclassifications

530

Amounts reclassified from accumulated other comprehensive income

^[1]

11,796

Total other comprehensive income

12,326

Ending balance

$ (132,254)

(132,254)

Reclassification out of Accumulated Other Comprehensive Income [Member] | New Zealand joint venture cash flow hedges [Member]

Accumulated Other Comprehensive Income (Loss) [Roll Forward]

Amounts reclassified from accumulated other comprehensive income

2,854

2,159

Other operating (income) expense, net

1,069

Comprehensive income (loss) attributable to noncontrolling interest

$ (374)

[1]	This accumulated other comprehensive income component is included in the computation of net periodic pension cost. See Note 15 — Employee Benefit Plans for additional information.

OTHER OPERATING INCOME (EXPENSE), NET (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Other Operating Income, Net [Abstract]
Lease income, primarily from hunting leases	$ 4,367	$ 1,357	$ 9,141	$ 6,263
Other non-timber income	573	433	1,651	2,324
Foreign currency (loss) gain	(2,050)	(979)	511	(1,165)
Loss on sale or disposal of property, plant & equipment	(276)	(75)	(974)	(1,807)
Insurance recoveries	0	0	0	2,319
Gain on foreign currency exchange contracts	221	0	156	0
Legal and corporate development costs	(1,494)	(1,042)	(5,932)	(1,806)
Total	$ 1,341	$ (306)	$ 4,553	$ 6,128

CONSOLIDATING FINANCIAL STATEMENTS Narrative (Details)	9 Months Ended
CONSOLIDATING FINANCIAL STATEMENTS Narrative (Details)	Sep. 30, 2013 USD ($)
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member]
Debt Instrument [Line Items]
Issuance Date	August 2009
Face Amount	$ 172,500,000
Stated interest rate	4.50%
Maturity date	2015
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member]
Debt Instrument [Line Items]
Issuance Date	March 2012
Face Amount	$ 325,000,000
Stated interest rate	3.75%
Maturity date	2022

CONSOLIDATING FINANCIAL STATEMENTS Condensed Consolidating Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012	Dec. 31, 2012
Income Statement [Abstract]
SALES	$ 384,784	$ 386,163	$ 1,187,580	$ 1,070,830
Cost of sales	287,150	259,201	850,866	738,480
Selling and general expenses	15,326	15,476	48,354	50,633
Other operating expense (income), net	(1,341)	306	(4,553)	(6,128)
Costs and Expenses, Total	301,135	274,983	894,667	782,985
Equity in income of New Zealand joint venture	0	66	562	249
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	83,649	111,246	293,475	288,094
Gain related to consolidation of New Zealand joint venture (Note 6)	0	0	16,098	0
OPERATING INCOME	83,649	111,246	309,573	288,094
Interest expense	(13,031)	(8,253)	(30,768)	(36,133)
Interest and miscellaneous income (expense), net	(746)	234	1,911	294
Equity in income from subsidiaries	0	0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	69,872	103,227	280,716	252,255
Income tax benefit (expense)	(11,505)	(23,949)	(31,200)	(54,287)
Income from continuing operations	58,367	79,278	249,516	197,968
Income from discontinued operations, net of income tax	0	(1,282)	(44,477)	(5,108)
NET INCOME	58,367	80,560	293,993	203,076	$ 278,685
Less: Net income attributable to noncontrolling interest	1,022	0	1,749	0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345	80,560	292,244	203,076
Foreign currency translation adjustment	24,259	5,373	(2,967)	3,115	4,352
New Zealand joint venture cash flow hedges	3,433	878	4,209	86	213
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,639)	(3,401)	(12,326)	(9,943)	$ 496
Total other comprehensive income	31,331	9,652	13,568	13,144
COMPREHENSIVE INCOME	89,698	90,212	307,561	216,220
Less: Comprehensive income (loss) attributable to noncontrolling interest	8,594	0	(909)	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	81,104	90,212	308,470	216,220
Rayonier Inc. (Parent Guarantor) [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 expense (income), net	0	0	(1,701)	0
Costs and Expenses, Total	0	0	(1,701)	0
Equity in income of New Zealand joint venture		0	0	0
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			1,701
Gain related to consolidation of New Zealand joint venture (Note 6)			0
OPERATING INCOME	0	0	1,701	0
Interest expense	(3,190)	(3,136)	(9,879)	(7,502)
Interest and miscellaneous income (expense), net	2,538	1,630	6,716	5,086
Equity in income from subsidiaries	57,932	82,066	293,706	205,492
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	57,280	80,560	292,244	203,076
Income tax benefit (expense)	65	0	0	0
Income from continuing operations		80,560	292,244	203,076
Income from discontinued operations, net of income tax		0	0	0
NET INCOME	57,345	80,560	292,244	203,076
Less: Net income attributable to noncontrolling interest	0		0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,345		292,244
Foreign currency translation adjustment	17,887	5,373	237	3,115
New Zealand joint venture cash flow hedges	2,233	878	3,663	86
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,639)	(3,401)	(12,326)	(9,943)
Total other comprehensive income	23,759	9,652	16,226	13,144
COMPREHENSIVE INCOME	81,104	90,212	308,470	216,220
Less: Comprehensive income (loss) attributable to noncontrolling interest	0		0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	81,104		308,470
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| ROC (Subsidiary Guarantor) [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	2,276	2,762	7,357	7,977
Other operating expense (income), net	738	730	1,187	742
Costs and Expenses, Total	3,014	3,492	8,544	8,719
Equity in income of New Zealand joint venture		0	0	0
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			(8,544)
Gain related to consolidation of New Zealand joint venture (Note 6)			0
OPERATING INCOME	(3,014)	(3,492)	(8,544)	(8,719)
Interest expense	(162)	(196)	(680)	(646)
Interest and miscellaneous income (expense), net	770	1,594	2,403	4,580
Equity in income from subsidiaries	58,802	85,241	298,802	211,635
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	56,396	83,147	291,981	206,850
Income tax benefit (expense)	1,536	(1,081)	1,725	(1,358)
Income from continuing operations		82,066	293,706	205,492
Income from discontinued operations, net of income tax		0	0	0
NET INCOME	57,932	82,066	293,706	205,492
Less: Net income attributable to noncontrolling interest	0		0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,932		293,706
Foreign currency translation adjustment	17,887	5,373	237	3,115
New Zealand joint venture cash flow hedges	2,231	878	3,663	86
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,639)	(3,401)	(12,326)	(9,943)
Total other comprehensive income	23,757	9,652	16,226	13,144
COMPREHENSIVE INCOME	81,689	91,718	309,932	218,636
Less: Comprehensive income (loss) attributable to noncontrolling interest	0		0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	81,689		309,932
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Rayonier TRS Holdings Inc. (Issuer) [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 expense (income), net	0	0	0	0
Costs and Expenses, Total	0	0	0	0
Equity in income of New Zealand joint venture		0	0	0
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			0
Gain related to consolidation of New Zealand joint venture (Note 6)			0
OPERATING INCOME	0	0	0	0
Interest expense	(7,115)	(10,244)	(20,730)	(30,713)
Interest and miscellaneous income (expense), net	(4,325)	(980)	(5,873)	(3,022)
Equity in income from subsidiaries	39,544	73,635	198,981	179,787
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	28,104	62,411	172,378	146,052
Income tax benefit (expense)	3,627	4,096	9,164	12,313
Income from continuing operations		66,507	181,542	158,365
Income from discontinued operations, net of income tax		0	0	0
NET INCOME	31,731	66,507	181,542	158,365
Less: Net income attributable to noncontrolling interest	0		0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	31,731		181,542
Foreign currency translation adjustment	2,084	107	629	483
New Zealand joint venture cash flow hedges	2,231	0	1,014	0
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(2,747)	(2,578)	(9,578)	(7,537)
Total other comprehensive income	7,062	2,685	11,221	8,020
COMPREHENSIVE INCOME	38,793	69,192	192,763	166,385
Less: Comprehensive income (loss) attributable to noncontrolling interest	0		0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	38,793		192,763
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Non-guarantors [Member]
Income Statement [Abstract]
SALES	384,784	386,163	1,187,580	1,070,830
Cost of sales	287,150	259,201	850,866	738,480
Selling and general expenses	13,050	12,714	40,997	42,656
Other operating expense (income), net	(2,740)	(424)	(4,039)	(6,870)
Costs and Expenses, Total	297,460	271,491	887,824	774,266
Equity in income of New Zealand joint venture		66	562	249
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			300,318
Gain related to consolidation of New Zealand joint venture (Note 6)			16,098
OPERATING INCOME	87,324	114,738	316,416	296,813
Interest expense	(2,564)	5,323	521	2,728
Interest and miscellaneous income (expense), net	271	(2,010)	(1,335)	(6,350)
Equity in income from subsidiaries	0	0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	85,031	118,051	315,602	293,191
Income tax benefit (expense)	(16,671)	(26,964)	(42,089)	(65,242)
Income from continuing operations		91,087	273,513	227,949
Income from discontinued operations, net of income tax		(1,282)	(44,477)	(5,108)
NET INCOME	68,360	92,369	317,990	233,057
Less: Net income attributable to noncontrolling interest	1,022		1,749
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	67,338		316,241
Foreign currency translation adjustment	24,259	4,887	(2,967)	2,633
New Zealand joint venture cash flow hedges	3,434	879	4,209	86
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(2,747)	4,959	(9,578)	0
Total other comprehensive income	30,440	807	10,820	2,719
COMPREHENSIVE INCOME	98,800	93,176	328,810	235,776
Less: Comprehensive income (loss) attributable to noncontrolling interest	8,594		(909)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	90,206		329,719
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Consolidation Adjustments [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 expense (income), net	661	0	0	0
Costs and Expenses, Total	661	0	0	0
Equity in income of New Zealand joint venture		0	0	0
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			0
Gain related to consolidation of New Zealand joint venture (Note 6)			0
OPERATING INCOME	(661)	0	0	0
Interest expense	0	0	0	0
Interest and miscellaneous income (expense), net	0	0	0	0
Equity in income from subsidiaries	(156,278)	(240,942)	(791,489)	(596,914)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(156,939)	(240,942)	(791,489)	(596,914)
Income tax benefit (expense)	(62)	0	0	0
Income from continuing operations		(240,942)	(791,489)	(596,914)
Income from discontinued operations, net of income tax		0	0	0
NET INCOME	(157,001)	(240,942)	(791,489)	(596,914)
Less: Net income attributable to noncontrolling interest	0		0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	(157,001)		(791,489)
Foreign currency translation adjustment	(37,858)	(10,367)	(1,103)	(6,231)
New Zealand joint venture cash flow hedges	(6,696)	(1,757)	(8,340)	(172)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	9,133	1,020	31,482	17,480
Total other comprehensive income	(53,687)	(13,144)	(40,925)	(23,883)
COMPREHENSIVE INCOME	(210,688)	(254,086)	(832,414)	(620,797)
Less: Comprehensive income (loss) attributable to noncontrolling interest	0		0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	(210,688)		(832,414)
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| ROC (Subsidiary Guarantor) [Member]
Income Statement [Abstract]
SALES	0	0	0	0
Cost of sales	0	0	0	0
Selling and general expenses	2,276	2,762	7,357	7,977
Other operating expense (income), net	738	730	1,187	742
Costs and Expenses, Total	3,014	3,492	8,544	8,719
Equity in income of New Zealand joint venture		0	0	0
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			(8,544)
Gain related to consolidation of New Zealand joint venture (Note 6)			0
OPERATING INCOME	(3,014)	(3,492)	(8,544)	(8,719)
Interest expense	(7,277)	(10,440)	(21,410)	(31,359)
Interest and miscellaneous income (expense), net	(3,555)	614	(3,470)	1,558
Equity in income from subsidiaries	66,610	92,369	316,241	233,057
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	52,764	79,051	282,817	194,537
Income tax benefit (expense)	5,168	3,015	10,889	10,955
Income from continuing operations		82,066	293,706	205,492
Income from discontinued operations, net of income tax		0	0	0
NET INCOME	57,932	82,066	293,706	205,492
Less: Net income attributable to noncontrolling interest	0		0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	57,932		293,706
Foreign currency translation adjustment	17,887	5,373	237	3,115
New Zealand joint venture cash flow hedges	2,231	878	3,663	86
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(3,639)	(3,401)	(12,326)	(9,943)
Total other comprehensive income	23,757	9,652	16,226	13,144
COMPREHENSIVE INCOME	81,689	91,718	309,932	218,636
Less: Comprehensive income (loss) attributable to noncontrolling interest	0		0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	81,689		309,932
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Non-guarantors [Member]
Income Statement [Abstract]
SALES	384,784	386,163	1,187,580	1,070,830
Cost of sales	287,150	259,201	850,866	738,480
Selling and general expenses	13,050	12,714	40,997	42,656
Other operating expense (income), net	(2,740)	(424)	(4,039)	(6,870)
Costs and Expenses, Total	297,460	271,491	887,824	774,266
Equity in income of New Zealand joint venture		66	562	249
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			300,318
Gain related to consolidation of New Zealand joint venture (Note 6)			16,098
OPERATING INCOME	87,324	114,738	316,416	296,813
Interest expense	(2,564)	5,323	521	2,728
Interest and miscellaneous income (expense), net	271	(2,010)	(1,335)	(6,350)
Equity in income from subsidiaries	0	0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	85,031	118,051	315,602	293,191
Income tax benefit (expense)	(16,671)	(26,964)	(42,089)	(65,242)
Income from continuing operations		91,087	273,513	227,949
Income from discontinued operations, net of income tax		(1,282)	(44,477)	(5,108)
NET INCOME	68,360	92,369	317,990	233,057
Less: Net income attributable to noncontrolling interest	1,022		1,749
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	67,338		316,241
Foreign currency translation adjustment	24,259	4,887	(2,967)	2,633
New Zealand joint venture cash flow hedges	3,434	879	4,209	86
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	(2,747)	4,959	(9,578)	0
Total other comprehensive income	30,440	807	10,820	2,719
COMPREHENSIVE INCOME	98,800	93,176	328,810	235,776
Less: Comprehensive income (loss) attributable to noncontrolling interest	8,594		(909)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	90,206		329,719
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Consolidation Adjustments [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 expense (income), net	661	0	0	0
Costs and Expenses, Total	661	0	0	0
Equity in income of New Zealand joint venture		0	0	0
OPERATING INCOME BEFORE GAIN ON CONSOLIDATION OF NEW ZEALAND JOINT VENTURE			0
Gain related to consolidation of New Zealand joint venture (Note 6)			0
OPERATING INCOME	(661)	0	0	0
Interest expense	0	0	0	0
Interest and miscellaneous income (expense), net	0	0	0	0
Equity in income from subsidiaries	(124,542)	(174,435)	(609,947)	(438,549)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	(125,203)	(174,435)	(609,947)	(438,549)
Income tax benefit (expense)	(67)	0	0	0
Income from continuing operations		(174,435)	(609,947)	(438,549)
Income from discontinued operations, net of income tax		0	0	0
NET INCOME	(125,270)	(174,435)	(609,947)	(438,549)
Less: Net income attributable to noncontrolling interest	0		0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	(125,270)		(609,947)
Foreign currency translation adjustment	(35,774)	(10,260)	(474)	(5,748)
New Zealand joint venture cash flow hedges	(4,465)	(1,757)	(7,326)	(172)
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax	6,386	(1,558)	21,904	9,943
Total other comprehensive income	(46,625)	(10,459)	(29,704)	(15,863)
COMPREHENSIVE INCOME	(171,895)	$ (184,894)	(639,651)	$ (454,412)
Less: Comprehensive income (loss) attributable to noncontrolling interest	0		0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ (171,895)		$ (639,651)

CONSOLIDATING FINANCIAL STATEMENTS Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2012	Dec. 31, 2011
CURRENT ASSETS
Cash and cash equivalents	$ 260,738	$ 280,596	$ 215,475	$ 78,603
Accounts receivable, less allowance for doubtful accounts	124,360	100,359
Inventory	133,985	127,966
Deferred tax assets	62,914	15,845
Prepaid and other current assets	59,184	41,508
Total current assets	641,181	566,274
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,103,503	1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	868,432	707,038
INVESTMENT IN JOINT VENTURE	0	72,419
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	0	0
OTHER ASSETS	205,004	203,911
TOTAL ASSETS	3,818,120	3,122,951
CURRENT LIABILITIES
Accounts payable	98,970	70,381
Current maturities of long-term debt	10,000	150,000
Accrued taxes	20,146	13,824
Accrued payroll and benefits	26,484	28,068
Accrued interest	13,854	7,956
Accrued customer incentives	10,771	10,849
Other current liabilities	51,191	18,640
Current liabilities for dispositions and discontinued operations	8,446	8,105
Total current liabilities	239,862	307,823
LONG-TERM DEBT	1,646,337	1,120,052
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	67,125	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	158,663	159,582
OTHER NON-CURRENT LIABILITIES	21,254	23,900
INTERCOMPANY PAYABLE	0	0
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453	1,438,004
Noncontrolling interest	95,426	0
TOTAL SHAREHOLDERS’ EQUITY	1,684,879	1,438,004		1,323,073
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	3,818,120	3,122,951
Rayonier Inc. (Parent Guarantor) [Member]
CURRENT ASSETS
Cash and cash equivalents	172,938	252,888	76,809	0
Accounts receivable, less allowance for doubtful accounts	0	0
Inventory	0	0
Deferred tax assets	0	0
Prepaid and other current assets	0	0
Total current assets	172,938	252,888
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
INVESTMENT IN JOINT VENTURE	0	0
INVESTMENT IN SUBSIDIARIES	1,520,817	1,445,205
INTERCOMPANY NOTES RECEIVABLE	223,022	213,863
OTHER ASSETS	3,808	4,148
TOTAL ASSETS	1,920,585	1,916,104
CURRENT LIABILITIES
Accounts payable	0	0
Current maturities of long-term debt	0	150,000
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	6,132	3,100
Accrued customer incentives	0	0
Other current liabilities	0	0
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	6,132	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
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,589,453
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	1,589,453	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,920,585	1,916,104
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| ROC (Subsidiary Guarantor) [Member]
CURRENT ASSETS
Cash and cash equivalents	4,933	3,966	59,546	8,977
Accounts receivable, less allowance for doubtful accounts	22	386
Inventory	0	0
Deferred tax assets	0	0
Prepaid and other current assets	4,604	1,566
Total current assets	9,559	5,918
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	2,399	2,321
INVESTMENT IN JOINT VENTURE		0
INVESTMENT IN SUBSIDIARIES	1,749,463	1,677,782
INTERCOMPANY NOTES RECEIVABLE	0	14,000
OTHER ASSETS	31,732	27,779
TOTAL ASSETS	1,793,153	1,727,800
CURRENT LIABILITIES
Accounts payable	884	2,099
Current maturities of long-term debt	0	0
Accrued taxes	3,529	485
Accrued payroll and benefits	12,969	15,044
Accrued interest	578	379
Accrued customer incentives	0	0
Other current liabilities	9,358	2,925
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	27,318	20,932
LONG-TERM DEBT	0	0
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	131,037	129,156
OTHER NON-CURRENT LIABILITIES	8,818	16,432
INTERCOMPANY PAYABLE	105,163	116,075
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,520,817
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	1,520,817	1,445,205
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,793,153	1,727,800
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Subsidiary Issuer [Member]
CURRENT ASSETS
Cash and cash equivalents	20,995	19,358	46,287	59,976
Accounts receivable, less allowance for doubtful accounts	1,596	0
Inventory	0	0
Deferred tax assets	0	0
Prepaid and other current assets	654	691
Total current assets	23,245	20,049
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
INVESTMENT IN JOINT VENTURE		0
INVESTMENT IN SUBSIDIARIES	1,316,652	1,452,027
INTERCOMPANY NOTES RECEIVABLE	20,400	19,831
OTHER ASSETS	3,938	5,182
TOTAL ASSETS	1,364,235	1,497,089
CURRENT LIABILITIES
Accounts payable	854	33
Current maturities of long-term debt	10,000	0
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	3,930	3,197
Accrued customer incentives	0	0
Other current liabilities	0	0
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	14,784	3,230
LONG-TERM DEBT	1,029,770	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
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	319,681
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	319,681	775,538
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,364,235	1,497,089
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Non-guarantors [Member]
CURRENT ASSETS
Cash and cash equivalents	61,872	4,384	32,833	9,650
Accounts receivable, less allowance for doubtful accounts	122,742	99,973
Inventory	133,985	127,966
Deferred tax assets	62,914	15,845
Prepaid and other current assets	53,926	39,251
Total current assets	435,439	287,419
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,103,503	1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	866,033	704,717
INVESTMENT IN JOINT VENTURE		72,419
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	0	0
OTHER ASSETS	165,526	166,802
TOTAL ASSETS	3,570,501	2,804,666
CURRENT LIABILITIES
Accounts payable	97,232	68,249
Current maturities of long-term debt	0	0
Accrued taxes	16,617	13,339
Accrued payroll and benefits	13,515	13,024
Accrued interest	3,214	1,280
Accrued customer incentives	10,771	10,849
Other current liabilities	41,833	15,715
Current liabilities for dispositions and discontinued operations	8,446	8,105
Total current liabilities	191,628	130,561
LONG-TERM DEBT	291,567	76,731
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	67,125	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	27,626	30,426
OTHER NON-CURRENT LIABILITIES	12,436	7,468
INTERCOMPANY PAYABLE	102,854	137,797
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	2,781,839
Noncontrolling interest	95,426
TOTAL SHAREHOLDERS’ EQUITY	2,877,265	2,348,093
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	3,570,501	2,804,666
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Consolidation Adjustments [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	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
INVESTMENT IN JOINT VENTURE		0
INVESTMENT IN SUBSIDIARIES	(4,586,932)	(4,575,014)
INTERCOMPANY NOTES RECEIVABLE	(243,422)	(247,694)
OTHER ASSETS	0	0
TOTAL ASSETS	(4,830,354)	(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	(208,017)	(253,872)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	(4,622,337)
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	(4,622,337)	(4,568,836)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	(4,830,354)	(4,822,708)
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| ROC (Subsidiary Guarantor) [Member]
CURRENT ASSETS
Cash and cash equivalents	25,928	23,324	105,833	68,953
Accounts receivable, less allowance for doubtful accounts	1,618	386
Inventory	0	0
Deferred tax assets	0	0
Prepaid and other current assets	5,258	2,257
Total current assets	32,804	25,967
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
NET PROPERTY, PLANT AND EQUIPMENT	2,399	2,321
INVESTMENT IN JOINT VENTURE	0	0
INVESTMENT IN SUBSIDIARIES	2,746,434	2,354,270
INTERCOMPANY NOTES RECEIVABLE	20,400	33,831
OTHER ASSETS	35,670	32,961
TOTAL ASSETS	2,837,707	2,449,350
CURRENT LIABILITIES
Accounts payable	1,738	2,132
Current maturities of long-term debt	10,000	0
Accrued taxes	3,529	485
Accrued payroll and benefits	12,969	15,044
Accrued interest	4,508	3,576
Accrued customer incentives	0	0
Other current liabilities	9,358	2,925
Current liabilities for dispositions and discontinued operations	0	0
Total current liabilities	42,102	24,162
LONG-TERM DEBT	1,029,770	718,321
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	131,037	129,156
OTHER NON-CURRENT LIABILITIES	8,818	16,432
INTERCOMPANY PAYABLE	105,163	116,074
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,520,817
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	1,520,817	1,445,205
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,837,707	2,449,350
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Non-guarantors [Member]
CURRENT ASSETS
Cash and cash equivalents	61,872	4,384	32,833	9,650
Accounts receivable, less allowance for doubtful accounts	122,742	99,973
Inventory	133,985	127,966
Deferred tax assets	62,914	15,845
Prepaid and other current assets	53,926	39,251
Total current assets	435,439	287,419
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,103,503	1,573,309
NET PROPERTY, PLANT AND EQUIPMENT	866,033	704,717
INVESTMENT IN JOINT VENTURE	0	72,419
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	0	0
OTHER ASSETS	165,526	166,802
TOTAL ASSETS	3,570,501	2,804,666
CURRENT LIABILITIES
Accounts payable	97,232	68,249
Current maturities of long-term debt	0	0
Accrued taxes	16,617	13,339
Accrued payroll and benefits	13,515	13,024
Accrued interest	3,214	1,280
Accrued customer incentives	10,771	10,849
Other current liabilities	41,833	15,715
Current liabilities for dispositions and discontinued operations	8,446	8,105
Total current liabilities	191,628	130,561
LONG-TERM DEBT	291,567	76,731
NON-CURRENT LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS	67,125	73,590
PENSION AND OTHER POSTRETIREMENT BENEFITS	27,626	30,426
OTHER NON-CURRENT LIABILITIES	12,436	7,468
INTERCOMPANY PAYABLE	102,854	137,797
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	2,781,839
Noncontrolling interest	95,426
TOTAL SHAREHOLDERS’ EQUITY	2,877,265	2,348,093
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	3,570,501	2,804,666
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Consolidation Adjustments [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	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
INVESTMENT IN JOINT VENTURE	0	0
INVESTMENT IN SUBSIDIARIES	(4,267,251)	(3,799,475)
INTERCOMPANY NOTES RECEIVABLE	(243,422)	(247,694)
OTHER ASSETS	0	0
TOTAL ASSETS	(4,510,673)	(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	(208,017)	(253,871)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	(4,302,656)
Noncontrolling interest	0
TOTAL SHAREHOLDERS’ EQUITY	(4,302,656)	(3,793,298)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ (4,510,673)	$ (4,047,169)

CONSOLIDATING FINANCIAL STATEMENTS Condensed Consolidating Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	$ 334,236	$ 353,642
INVESTING ACTIVITIES
Capital expenditures	(122,482)	(112,015)
Purchase of additional interest in New Zealand joint venture	(139,879)	0
Purchase of timberlands	(11,650)	(11,632)
Jesup mill cellulose specialties expansion	(137,392)	(104,782)
Proceeds from the disposition of Wood Products business	68,063	0
Change in restricted cash	3,989	(12,796)
Investment in Subsidiaries	0	0
Other	159	4,281
CASH USED FOR INVESTING ACTIVITIES	(339,192)	(236,944)
FINANCING ACTIVITIES
Issuance of debt	607,885	355,000
Repayment of debt	(453,463)	(198,653)
Dividends paid	(175,079)	(152,358)
Proceeds from the issuance of common shares	9,205	20,732
Excess tax benefits on stock-based compensation	8,189	7,057
Debt issuance costs	0	(3,698)
Repurchase of common shares	(11,303)	(7,783)
Issuance of intercompany notes	0	0
Intercompany distributions	0	0
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(14,566)	20,297
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(336)	(123)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(19,858)	136,872
Balance, beginning of year	280,596	78,603
Balance, end of period	260,738	215,475
Rayonier Inc. (Parent Guarantor) [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	389,405	23,916
INVESTING ACTIVITIES
Capital expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from the disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(138,178)	0
Other	0	0
CASH USED FOR INVESTING ACTIVITIES	(138,178)	0
FINANCING ACTIVITIES
Issuance of debt	175,000	325,000
Repayment of debt	(325,000)	(120,000)
Dividends paid	(175,079)	(152,358)
Proceeds from the issuance of common shares	9,205	20,732
Excess tax benefits on stock-based compensation	0	0
Debt issuance costs	0	(3,698)
Repurchase of common shares	(11,303)	(7,783)
Issuance of intercompany notes	(4,000)	(9,000)
Intercompany distributions	0	0
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(331,177)	52,893
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(79,950)	76,809
Balance, beginning of year	252,888	0
Balance, end of period	172,938	76,809
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| ROC (Subsidiary Guarantor) [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	394,700	105,407
INVESTING ACTIVITIES
Capital expenditures	(335)	(240)
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from the disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(138,178)	0
Other	1,701	(69)
CASH USED FOR INVESTING ACTIVITIES	(136,812)	(309)
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
Issuance of intercompany notes	0	0
Intercompany distributions	(256,921)	(24,529)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(256,921)	(54,529)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	967	50,569
Balance, beginning of year	3,966	8,977
Balance, end of period	4,933	59,546
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Subsidiary Issuer [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	84,000	12,000
INVESTING ACTIVITIES
Capital expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from the disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(316,836)	(5,536)
Other	0	0
CASH USED FOR INVESTING ACTIVITIES	(316,836)	(5,536)
FINANCING ACTIVITIES
Issuance of debt	375,000	15,000
Repayment of debt	(56,527)	(23,153)
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
Issuance of intercompany notes	0	0
Intercompany distributions	(84,000)	(12,000)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	234,473	(20,153)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	1,637	(13,689)
Balance, beginning of year	19,358	59,976
Balance, end of period	20,995	46,287
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Non-guarantors [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	291,478	317,407
INVESTING ACTIVITIES
Capital expenditures	(122,147)	(111,775)
Purchase of additional interest in New Zealand joint venture	(139,879)
Purchase of timberlands	(11,650)	(11,632)
Jesup mill cellulose specialties expansion	(137,392)	(104,782)
Proceeds from the disposition of Wood Products business	68,063
Change in restricted cash	3,989	(12,796)
Investment in Subsidiaries	0	0
Other	(1,542)	4,350
CASH USED FOR INVESTING ACTIVITIES	(340,558)	(236,635)
FINANCING ACTIVITIES
Issuance of debt	57,885	15,000
Repayment of debt	(71,936)	(25,500)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	8,189	7,057
Debt issuance costs		0
Repurchase of common shares	0	0
Issuance of intercompany notes	4,000	9,000
Intercompany distributions	108,766	(63,023)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	106,904	(57,466)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(336)	(123)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	57,488	23,183
Balance, beginning of year	4,384	9,650
Balance, end of period	61,872	32,833
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% [Member] \| Consolidation Adjustments [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	(825,347)	(105,088)
INVESTING ACTIVITIES
Capital expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from the disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	593,192	5,536
Other	0	0
CASH USED FOR INVESTING ACTIVITIES	593,192	5,536
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
Issuance of intercompany notes	0	0
Intercompany distributions	232,155	99,552
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	232,155	99,552
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] \| ROC (Subsidiary Guarantor) [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	394,700	105,407
INVESTING ACTIVITIES
Capital expenditures	(335)	(240)
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from the disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	(455,014)	(5,536)
Other	1,701	(69)
CASH USED FOR INVESTING ACTIVITIES	(453,648)	(5,845)
FINANCING ACTIVITIES
Issuance of debt	375,000	15,000
Repayment of debt	(56,527)	(53,153)
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
Issuance of intercompany notes	0	0
Intercompany distributions	(256,921)	(24,529)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	61,552	(62,682)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	2,604	36,880
Balance, beginning of year	23,324	68,953
Balance, end of period	25,928	105,833
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Non-guarantors [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	291,478	317,407
INVESTING ACTIVITIES
Capital expenditures	(122,147)	(111,775)
Purchase of additional interest in New Zealand joint venture	(139,879)
Purchase of timberlands	(11,650)	(11,632)
Jesup mill cellulose specialties expansion	(137,392)	(104,782)
Proceeds from the disposition of Wood Products business	68,063
Change in restricted cash	3,989	(12,796)
Investment in Subsidiaries	0	0
Other	(1,542)	4,350
CASH USED FOR INVESTING ACTIVITIES	(340,558)	(236,635)
FINANCING ACTIVITIES
Issuance of debt	57,885	15,000
Repayment of debt	(71,936)	(25,500)
Dividends paid	0	0
Proceeds from the issuance of common shares	0	0
Excess tax benefits on stock-based compensation	8,189	7,057
Debt issuance costs	0	0
Repurchase of common shares	0	0
Issuance of intercompany notes	4,000	9,000
Intercompany distributions	108,766	(63,023)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	106,904	(57,466)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(336)	(123)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	57,488	23,183
Balance, beginning of year	4,384	9,650
Balance, end of period	61,872	32,833
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] \| Consolidation Adjustments [Member]
Statement of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES	(741,347)	(93,088)
INVESTING ACTIVITIES
Capital expenditures	0	0
Purchase of additional interest in New Zealand joint venture	0
Purchase of timberlands	0	0
Jesup mill cellulose specialties expansion	0	0
Proceeds from the disposition of Wood Products business	0
Change in restricted cash	0	0
Investment in Subsidiaries	593,192	5,536
Other	0	0
CASH USED FOR INVESTING ACTIVITIES	593,192	5,536
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
Issuance of intercompany notes	0	0
Intercompany distributions	148,155	87,552
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	148,155	87,552
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