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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Dec. 31, 2015	Feb. 19, 2016	Jun. 30, 2015
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-K
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		122,735,017
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 3,223,470,219

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
SALES	$ 544,874	$ 603,521	$ 659,718
Costs and Expenses
Cost of sales	441,099	483,860	530,772
Selling and general expenses	45,750	47,883	55,433
Other operating income, net (Note 17)	(19,759)	(26,511)	(18,487)
Costs and Expenses, Total	467,090	505,232	567,718
Equity in income of New Zealand joint venture	0	0	562
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	77,784	98,289	92,562
Gain related to consolidation of New Zealand joint venture (Note 7)	0	0	16,098
OPERATING INCOME	77,784	98,289	108,660
Interest expense	(31,699)	(44,248)	(40,941)
Interest and miscellaneous (expense) income, net	(3,003)	(9,199)	2,439
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	43,082	44,842	70,158
Income tax benefit	859	9,601	35,685
INCOME FROM CONTINUING OPERATIONS	43,941	54,443	105,843
Income from discontinued operations, net of income tax expense of $0, $20,578 and $106,397		43,403	267,955
NET INCOME	43,941	97,846	373,798
Less: Net (loss) income attributable to noncontrolling interest	(2,224)	(1,491)	1,902
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	46,165	99,337	371,896
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense (benefit) of $1,066, ($78) and $0	(32,451)	(15,847)	(5,710)
Cash flow hedges, net of income tax (expense) benefit of ($91), $861 and ($248)	(9,961)	(1,855)	3,629
Actuarial change and amortization of pension and postretirement plan liabilities, net of income tax effect of $470, $35,852 and $27,786	2,933	54,046	61,869
Total other comprehensive income	(39,479)	36,344	59,788
COMPREHENSIVE INCOME	4,462	134,190	433,586
Less: Comprehensive loss attributable to noncontrolling interest	(13,027)	(6,462)	(1,550)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 17,489	$ 140,652	$ 435,136
BASIC EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing Operations (in dollars per share)	$ 0.37	$ 0.44	$ 0.83
Discontinued Operations (in dollars per share)	0.00	0.34	2.13
Net Income (in dollars per share)	0.37	0.78	2.96
DILUTED EARNINGS PER SHARE ATTRIBUTABLE TO RAYONIER INC.
Continuing Operations (in dollars per share)	0.37	0.43	0.80
Discontinued Operations (in dollars per share)	0.00	0.33	2.06
Net income (in dollars per share)	$ 0.37	$ 0.76	$ 2.86

Consolidated Statements of Income and Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Comprehensive Income [Abstract]
Discontinued operation tax effect of discontinued operation	$ 0	$ 20,578	$ 106,396
Foreign currency translation adjustment, income tax benefit (expense)	1,066	(78)	0
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	(91)	861	(248)
Amortization of losses and gains from pension and postretirement benefit plans, income tax (expense) benefit	$ (470)	$ (35,852)	$ (27,786)

- Definition

Amount of tax expense (benefit) related to a discontinued operation. Includes, but is not limited to, tax expense (benefit) related to income (loss) from operations during the phase-out period, tax expense (benefit) related to gain (loss) on disposal, tax expense (benefit) related to gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and tax expense (benefit) related to adjustments of a prior period gain (loss) on disposal.

+ References + Details

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and cash equivalents	$ 51,777	$ 161,558
Accounts receivable, less allowance for doubtful accounts of $42 and $42	20,222	24,018
Inventory (Note 18)	15,351	8,383
Prepaid logging roads	10,563	12,665
Prepaid expenses	2,091	5,049
Other current assets	5,681	2,031
Total current assets	105,685	213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,066,780	2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	65,450	77,433
PROPERTY, PLANT AND EQUIPMENT
Land	1,833	1,833
Buildings	9,014	8,961
Machinery and equipment	3,686	3,503
Construction in progress	1,282	579
Total property, plant and equipment, gross	15,815	14,876
Less—accumulated depreciation	(9,073)	(8,170)
Total property, plant and equipment, net	6,742	6,706
OTHER ASSETS (Note 19)	74,606	66,771
TOTAL ASSETS	2,319,263	2,453,115
CURRENT LIABILITIES
Accounts payable	21,479	20,211
Current maturities of long-term debt	0	129,706
Accrued taxes	3,685	11,405
Accrued payroll and benefits	7,037	6,390
Accrued interest	6,153	8,433
Other current liabilities	21,103	25,857
Total current liabilities	59,457	202,002
LONG-TERM DEBT (Note 5)	833,879	621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS (Note 15)	34,137	33,477
OTHER NON-CURRENT LIABILITIES	30,050	20,636
COMMITMENTS AND CONTINGENCIES (Notes 8 and 10)
SHAREHOLDERS’ EQUITY
Common Shares, 480,000,000 shares authorized, 122,770,217 and 126,773,097 shares issued and outstanding	708,827	702,598
Retained earnings	612,760	790,697
Accumulated other comprehensive loss	(33,503)	(4,825)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,288,084	1,488,470
Noncontrolling interest	73,656	86,681
TOTAL SHAREHOLDERS’ EQUITY	1,361,740	1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,319,263	$ 2,453,115

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets:
Accounts receivable, allowance for doubtful accounts	$ 42	$ 42
Shareholders' Equity:
Common stock, shares authorized	480,000,000	480,000,000
Common stock, shares, issued	122,770,217	126,773,097
Common stock, shares outstanding	122,770,217	126,773,097

Consolidated Statements of Shareholders' Equity - USD ($) $ in Thousands	Total	Common Shares	Retained Earnings	Accumulated Other Comprehensive Income/(Loss)	Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2012		123,332,444
Beginning balance at Dec. 31, 2012	$ 1,438,004	$ 670,749	$ 876,634	$ (109,379)	$ 0
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	373,798		371,896		1,902
Dividends	(233,321)		(233,321)
Issuance of shares under incentive stock plans, (in shares)		1,001,426
Issuance of shares under incentive stock plans	10,101	$ 10,101
Stock-based compensation	11,710	11,710
Excess tax benefit (deficiency) on stock-based compensation	8,413	$ 8,413
Repurchase of common shares, (in shares)		(211,221)
Repurchase of common shares	(11,326)	$ (11,326)
Equity portion of convertible debt (Note 5)	2,453	$ 2,453
Settlement of warrants (Note 5)		2,135,221
Actuarial change and amortization of pension and postretirement plan liabilities	61,869			61,869
Acquisition of noncontrolling interest	96,336				96,336
Noncontrolling interest redemption of shares	(713)				(713)
Foreign currency translation adjustment	(5,710)			(1,915)	(3,795)
Joint venture cash flow hedges	3,629			3,286	343
Ending balance (in shares) at Dec. 31, 2013		126,257,870
Ending balance at Dec. 31, 2013	1,755,243	$ 692,100	1,015,209	(46,139)	94,073
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	97,846		99,337		(1,491)
Dividends	(256,861)		(256,861)
Contribution to Rayonier Advanced Materials	19,130	$ (301)	(61,318)	80,749
Adjustments to Rayonier Advanced Materials	(8,226)		(5,670)	(2,556)
Issuance of shares under incentive stock plans, (in shares)		561,701
Issuance of shares under incentive stock plans	5,579	$ 5,579
Stock-based compensation	7,869	7,869
Excess tax benefit (deficiency) on stock-based compensation		$ (791)
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation	(791)
Repurchase of common shares, (in shares)		(46,474)
Repurchase of common shares	(1,858)	$ (1,858)
Actuarial change and amortization of pension and postretirement plan liabilities	54,046
Actuarial change and amortization of pension and postretirement plan liabilities	(24,147)			(24,147)
Noncontrolling interest redemption of shares	(931)				(931)
Foreign currency translation adjustment	(15,847)			(11,526)	(4,321)
Joint venture cash flow hedges	(1,855)			(1,206)	(649)
Ending balance (in shares) at Dec. 31, 2014		126,773,097
Ending balance at Dec. 31, 2014	1,575,151	$ 702,598	790,697	(4,825)	86,681
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	43,941		46,165		(2,224)
Dividends	(124,943)		(124,943)
Adjustments to Rayonier Advanced Materials	841		841
Issuance of shares under incentive stock plans, (in shares)		205,219
Issuance of shares under incentive stock plans	2,117	$ 2,117
Stock-based compensation	4,484	4,484
Excess tax benefit (deficiency) on stock-based compensation		$ (250)
Adjustments to Additional Paid in Capital, Income Tax Deficiency from Share-based Compensation	(250)
Repurchase of common shares, (in shares)		(4,208,099)
Repurchase of common shares	(100,122)	$ (122)	(100,000)
Actuarial change and amortization of pension and postretirement plan liabilities	2,933			2,933
Foreign currency translation adjustment	(32,451)			(21,567)	(10,884)
Joint venture cash flow hedges	(9,961)			(10,044)	83
Ending balance (in shares) at Dec. 31, 2015		122,770,217
Ending balance at Dec. 31, 2015	$ 1,361,740	$ 708,827	$ 612,760	$ (33,503)	$ 73,656

Consolidated Statements of Shareholders' Equity Parenthetical - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends (dollars per share)	$ 1.00	$ 2.03	$ 1.86

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
OPERATING ACTIVITIES
Net income	$ 43,941	$ 97,846	$ 373,798
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation, depletion and amortization	113,708	119,980	116,854
Non-cash cost of land and real estate sold	12,509	13,264	10,212
Non-cash cost of New York timberland sale	0	0	53,990
Stock-based incentive compensation expense	4,484	7,869	11,683
Amortization of debt discount/premium	604	1,092	1,215
Deferred income taxes	(1,475)	1,828	5,857
Tax benefit of AFMC for CBPC exchange	0	0	(18,761)
Non-cash adjustments to unrecognized tax benefit liability	135	(6,597)	3,967
Depreciation and amortization from discontinued operations	0	37,985	74,940
Amortization of losses from pension and postretirement plans	3,403	7,276	22,029
Gain on sale of discontinued operations, net	0	0	(42,121)
Gain related to consolidation of New Zealand joint venture	0	0	(16,098)
Loss on early redemption of exchangeable notes	0	0	3,974
Other	350	3,307	(6,082)
Changes in operating assets and liabilities:
Receivables	2,034	4,300	11,100
Inventories	(9,749)	3,926	(19,986)
Accounts payable	1,863	29,929	(1,655)
Income tax receivable/payable	(894)	838	47,232
All other operating activities	6,251	2,669	(6,474)
Payment to exchange AFMC for CBPC	0	0	(70,311)
Expenditures for dispositions and discontinued operations	0	(5,096)	(8,570)
CASH PROVIDED BY OPERATING ACTIVITIES	177,164	320,416	546,793
INVESTING ACTIVITIES
Capital expenditures	(57,293)	(63,713)	(63,203)
Capital expenditures from discontinued operations	0	(60,955)	(103,092)
Real estate development investments	(2,676)	(3,674)	(1,292)
Purchase of additional interest in New Zealand joint venture	0	0	(139,879)
Purchase of timberlands	(98,409)	(130,896)	(20,401)
Proceeds from settlement of foreign currency hedge	2,804	0	1,701
Jesup mill cellulose specialties expansion	0	0	(148,262)
Proceeds from disposition of Wood Products business	0	0	62,720
Change in restricted cash	(16,836)	62,256	(58,385)
Other	6,101	306	(447)
CASH USED FOR INVESTING ACTIVITIES	(166,309)	(196,676)	(470,540)
FINANCING ACTIVITIES
Issuance of debt	472,558	1,426,464	622,885
Repayment of debt	(364,402)	(1,289,637)	(549,485)
Dividends paid	(124,936)	(257,517)	(237,016)
Proceeds from the issuance of common shares	2,117	5,579	10,101
Excess tax benefits on stock-based compensation	0	0	8,413
Proceeds from repurchase of common shares	(100,000)	(1,858)	(11,326)
Debt issuance costs	(1,678)	(12,380)	0
Net cash disbursed upon spin-off of Performance Fibers business	0	(31,420)	0
Other	(122)	(680)	(713)
CASH USED FOR FINANCING ACTIVITIES	(116,463)	(161,449)	(157,141)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	(4,173)	(377)	(64)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(109,781)	(38,086)	(80,952)
Balance, beginning of year	161,558	199,644	280,596
Balance, end of year	51,777	161,558	199,644
Cash paid during the year:
Interest	33,011	47,640	44,156
Income taxes	277	8,789	99,120
Non-cash investing activity:
Capital assets purchased on account	3,429	2,444	15,522
Purchase of timberlands	700	0	0
Non-cash financing activity:
Shareholder debt assumed in acquisition of New Zealand joint venture	0	0	125,532
Conversion of shareholder debt to equity noncontrolling interest	0	0	(95,961)
Partial conversion of Senior Exchangeable Notes to equity	$ 0	$ 0	$ 2,453

Nature of Business Operations	12 Months Ended
Nature of Business Operations	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business Operations	NATURE OF BUSINESS OPERATIONS Rayonier Inc., a North Carolina corporation, including its consolidated subsidiaries (“Rayonier” or “the Company”), is a leading timberland real estate investment trust (“REIT”) with assets located in some of the most productive softwood timber growing regions in the U.S. and New Zealand and its shares have a $0.00 par value. The Company owns or leases approximately 2.7 million acres of timberland, located in the United States and New Zealand. Included in this property is approximately 0.2 million acres of timberlands located primarily along the coastal region from Savannah, Georgia to Daytona Beach, Florida, some of which has long-term potential for real estate development. The Company also engages in the trading of logs, primarily to support the Company’s New Zealand export operations. Rayonier operates in five reportable business segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading. See Note 4 — Segment and Geographical Information for further discussion of its reportable business segments and Note 21 — Discontinued Operations for additional information on the sale of the Wood Products business and the spin-off of the Performance Fibers business. The Company is a REIT and is generally not required to pay federal income taxes on its U.S. timber harvest earnings and other U.S. REIT operations contingent upon meeting applicable distribution, income, asset, shareholder and other tests. The U.S. timber operations are primarily conducted by the Company’s wholly-owned REIT subsidiaries. Non-REIT qualifying and certain foreign operations, which are subject to corporate-level tax on earnings, are operated by taxable subsidiaries. These operations include the Real Estate segment’s entitlement activities, limited development activities and sale of higher and better use (“HBU”) properties as well as the log trading business. The Company’s consolidated joint venture, Matariki Forestry Group (“New Zealand JV”), is subject to entity-level tax in New Zealand. Southern, Pacific Northwest and New Zealand Timber The Company’s Timber segments own or lease approximately 2.7 million acres of timberlands located in the U.S. and New Zealand. The Timber segments conduct timber harvesting activities, manage timberlands and sell timber and logs to third parties. On April 4, 2013, the Company acquired an additional 39% interest in the New Zealand JV, which currently owns or leases approximately 439,000 gross acres (299,000 net plantable acres) of New Zealand timberlands. The acquisition of additional interest brought the Company’s ownership to 65%. As a result, the New Zealand JV’s results of operations have been consolidated and included within the New Zealand Timber segment since the date Rayonier acquired control. Rayonier’s wholly-owned subsidiary, Rayonier New Zealand Limited (“RNZ”) serves as the manager of the New Zealand JV forests. See Note 7 — Joint Venture Investment. During 2015, the Company acquired approximately 35,000 acres of timberlands in Florida, Georgia, Louisiana, Mississippi and Oregon for $88.5 million. The Company also acquired forestry rights covering approximately 1,800 acres of timberland with mature timber in New Zealand for $9.9 million. During 2014, the Company acquired approximately 62,000 acres of timberlands in the U.S. and approximately 500 acres in New Zealand. See Note 3 — Timberland Acquisitions for additional information. Real Estate The vast majority of the Company’s HBU properties are managed as timberland and generate cash flow from timber operations prior to their sale or, in the case of Improved Development properties, prior to improvement. All of the Company’s U.S. land sales, including HBU and non-HBU, are reported in the Real Estate segment. Rayonier employs a detailed land classification process for all of its timberland and HBU acres. Trading The Company’s trading business comprises log trading in New Zealand conducted by the New Zealand JV in two core areas of business: managed export services on behalf of third parties and procured logs for export sale by the New Zealand JV. The Trading segment complements the New Zealand Timber segment by adding scale and achieving cost savings that directly benefit the New Zealand Timber segment.

Summary of Significant Accounting Policies

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Summary of Significant Accounting Policies

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Basis of Presentation and Principles of Consolidation

The Company’s consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). These statements include the accounts of Rayonier Inc. and its subsidiaries, in which it has a majority ownership or controlling interest. As of April 2013, the Company held a controlling interest (65%) in its New Zealand JV, and, as such, consolidates its results of operations and Balance Sheet. The Company also records a noncontrolling interest in its consolidated financial statements representing the minority ownership interest (35%) of the New Zealand JV’s results of operations and equity. All intercompany balances and transactions are eliminated.

Use of Estimates

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

Cash and Cash Equivalents

Cash and cash equivalents include time deposits with original maturities of three months or less. The consolidated cash balance includes time deposits of $23.4 million and $0 million at December 31, 2015 and December 31, 2014, respectively.

Accounts Receivable

Accounts receivable are primarily amounts due to the Company for the sale of timber and are presented net of an allowance for doubtful accounts.

Inventory

HBU real estate properties that are expected to be sold within one year are included in inventory at lower of cost or market value. HBU properties that are expected to be sold after one year are included in a separate balance sheet line, entitled “Higher and Better Use Timberlands and Real Estate Development Investments.” See below for additional information.

Inventory also includes logs available to be sold by the Trading segment. Log inventory is recorded at the lower of cost or market and expensed to cost of goods sold when sold to third-party buyers.

Prepaid Logging Roads

Costs for roads in the Pacific Northwest built to access particular tracts to be harvested in the upcoming 24 months are recorded as prepaid logging roads. The Company charges such costs to expense as timber is harvested using an amortization rate determined annually as the total cost of prepaid roads divided by the estimated tons of timber to be accessed by those roads. The prepaid balance is classified as short-term or long-term based on the upcoming harvest schedule.

Timber and Timberlands

Timber is stated at the lower of cost or market value. Costs relating to acquiring, planting and growing timber including real estate taxes, site preparation and direct support costs relating to facilities, vehicles and supplies are capitalized. Annual lease payments are also capitalized if the remaining lease term is greater than five years. Lease payments made within five years of expiration are expensed as incurred. Payroll costs are capitalized for time spent on timber growing activities, while interest or any other intangible costs are not capitalized. An annual depletion rate is established for each particular region by dividing merchantable inventory cost by standing merchantable inventory volume, which is estimated annually. The Company charges accumulated costs attributed to merchantable timber to depletion expense (cost of sales), at the time the timber is harvested or when the underlying timberland is sold based on the relationship of timber sold to the estimated volume of currently merchantable timber.

Upon the acquisition of timberland, the Company makes a determination on whether to combine the newly acquired merchantable timber with an existing depletion pool or to create a new, separate pool. This determination is based on the geographic location of the new timber, the customers/markets that will be served and the species mix. If the acquisition is similar, the cost of the acquired timber is combined into an existing depletion pool and a new depletion rate is calculated for the pool. This determination and depletion rate adjustment normally occurs in the quarter following the acquisition.

Higher and Better Use Timberlands and Real Estate Development Investments

HBU timberland is recorded at the lower of cost or market value. These properties are managed as timberlands until sold or developed with sales and depletion expense related to the harvesting of timber accounted for within the respective timber segment. At the time of sale, the cost basis of any unharvested timber is recorded as depletion expense, a component of cost of goods sold, within the Real Estate segment.

Real estate development investments include capitalized costs for targeted infrastructure improvements, such as roadways and utilities. HBU timberland and real estate development investments expected to be sold within twelve months are recorded as inventory. See Note 6 — Higher and Better Use Timberlands and Real Estate Development Investments for additional information.

Property, Plant, Equipment and Depreciation

Property, plant and equipment additions are recorded at cost, including applicable freight, interest, construction and installation costs. The Company depreciates its assets, including office and transportation equipment, using the straight-line depreciation method over 3 to 25 years. Buildings and land improvements are depreciated using the straight-line method over 15 to 35 years and 5 to 30 years, respectively.

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

Fair Value Measurements

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

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

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

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

Goodwill

Goodwill represents the excess of the acquisition cost of the New Zealand Timber segment over the fair value of the net assets acquired. Goodwill is not amortized, but is periodically reviewed for impairment. An impairment test for this reporting unit’s goodwill is performed annually and whenever events or circumstances indicate that the value of goodwill may be impaired. In performing Step 1 (recoverability test) of the impairment test as outlined in Accounting Standards Codification (“ASC”) 360-10-35, Impairment or Disposal of Long-Lived Assets, the Company compares the fair value of the New Zealand Timber segment to its carrying value including goodwill. If the carrying value including goodwill were to exceed the fair value of the New Zealand Timber segment, Step 2 of the test would be performed. Step 2 of the impairment test requires the carrying value of goodwill to be reduced to its fair value, if lower, as of the test date.

For Step 1 of the test, the Company estimates the reporting unit's fair value using an independent valuation for the New Zealand forest assets. The independent valuation of the New Zealand forest assets is based on discounted cash flow models where the fair value is calculated using cash flows from sustainable forest management plans. The fair value of the forest assets is measured as the present value of cash flows from one growth cycle based on the productive forest land, taking into consideration environmental, operational, and market restrictions. These cash flow valuations involve a number of estimates that require broad assumptions and significant judgment regarding future performance. The annual impairment test was performed as of October 1, 2015; the estimated fair value of the New Zealand Timber segment exceeded its carrying value and no impairment was recorded.

Foreign Currency Translation

The functional currency of the Company’s New Zealand-based operations is the New Zealand dollar. All assets and liabilities are translated into U.S. dollars at the exchange rate in effect at the respective balance sheet dates. Translation gains and losses are recorded as a separate component of Accumulated Other Comprehensive Income/(Loss), (“AOCI”), within Shareholders’ Equity.

U.S. denominated transactions of the New Zealand JV are translated into New Zealand dollars at the exchange rate in effect on the date of the transaction and recognized in earnings, net of related cash flow hedges. All income statement items of the New Zealand JV are translated into U.S. dollars for reporting purposes using monthly average exchange rates with translation gains and losses being recorded as a separate component of AOCI, within Shareholders’ Equity.

Revenue Recognition

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

Timber Sales

Revenue from the sale of timber is recognized when title passes to the buyer. The Company utilizes two primary methods or sales channels for the sale of timber, a stumpage or standing timber model and delivered logs. Under the stumpage model, standing timber is sold primarily under pay-as-cut contracts, with specified duration (typically one year or less) and fixed prices, whereby revenue is recognized as timber is severed and the sales volume is determined. The Company also sells stumpage under lump-sum contracts for specified parcels where the Company receives cash for the full agreed value of the timber prior to harvest and title and risk of loss pass to the buyer upon signing the contract. The Company retains interest in the land, slash products, and the use of the land for recreational and other purposes. Any uncut timber remaining at the end of the contract period reverts to the Company. Revenue is recognized for lump-sum timber sales when payment is received, the contract is signed and title and risk of loss pass to the buyer. A third type of stumpage sale the Company utilizes is an agreed-volume sale, whereby revenue is recognized as periodic physical observations are made of the percentage of acreage harvested.

In delivered log sales, the Company hires third-party loggers and haulers to harvest timber and deliver it to a buyer. Revenue is recognized when the logs are delivered and title and risk of loss transfer to the buyer. Sales of delivered logs generally do not require an initial payment and are made to third-party customers on open credit terms. The sales method the Company employs for a given tract of timber depends upon local market conditions and which method is expected to provide the best overall margin.

Non-timber income included in “Other Operating Income, Net” is primarily comprised of hunting and recreational leases. Lease income is recognized ratably over the period of the lease.

Log Trading

Domestic log trading revenue for sales within New Zealand is recorded when the goods are received by the customer and title passes. Export log trading revenue is recorded when the ship leaves the port, at which time title passes to the customer.

Real Estate

The Company recognizes revenue on sales of real estate when the sale is consummated, generally when payment is received and title and risk of loss have passed to the buyer. Cost of sales associated with real estate sold comprises the cost of the land, the cost of any timber on the property that was conveyed to the buyer, and any closing costs including sales commissions that may be borne by the Company. Costs incurred to obtain land use entitlements or for infrastructure such as utilities, roads or other improvements are charged to cost of sales for a project as a percentage of revenue earned to total anticipated revenue and costs for each project.

Employee Benefit Plans

The determination of expense and funding requirements for Rayonier’s defined benefit pension plan, its unfunded excess pension plan and its postretirement life insurance plan are largely based on a number of actuarial assumptions. The key assumptions include discount rate, return on assets, salary increases, mortality rates, longevity and service lives of employees. See Note 15 — Employee Benefit Plans for assumptions used to determine benefit obligations, and the net periodic benefit cost for the year ended December 31, 2015.

Periodic pension and other postretirement expense is included in “Cost of sales,” “Selling and general expenses” and “Income from discontinued operations, net” in the Consolidated Statements of Income and Comprehensive Income. At December 31, 2015 and 2014, the Company’s pension plans were in a net liability position (underfunded) of $33.0 million and $31.8 million, respectively. The estimated amount to be paid in the next 12 months is recorded in “Accrued payroll and benefits” on the Consolidated Balance Sheets, with the remainder recorded as a long-term liability in “Pension and Other Postretirement Benefits.” Changes in the funded status of the Company’s plans are recorded through comprehensive income (loss) in the year in which the changes occur. The Company measures plan assets and benefit obligations as of the fiscal year-end. See Note 15 — Employee Benefit Plans for additional information.

Income Taxes

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

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

The Company’s income tax returns are subject to audit by U.S. federal, state and foreign taxing authorities. In evaluating the tax benefits associated with various tax filing positions, the Company records a tax benefit for an uncertain tax position if it is more-likely-than-not to be realized upon ultimate settlement of the issue. The Company records a liability for an uncertain tax position that does not meet this criterion. The Company adjusts its liabilities for uncertain tax benefits in the period in which it is determined the issue is settled with the taxing authorities, the statute of limitations expires for the relevant taxing authority to examine the tax position or when new facts or information becomes available. Liabilities for unrecognized tax benefits are included in “Other Non-Current Liabilities” in the Company’s Consolidated Balance Sheets. See Note 9 — Income Taxes for additional information.

Reclassifications

Certain 2014 and 2013 amounts have been reclassified to conform with the current year presentation, including the Consolidated Balance Sheet and Consolidated Statement of Cash Flows to better reflect the intended use of the assets and funds. These reclassifications did not affect revenue, total costs and expenses, operating income, or net income.

The following summarizes reclassifications at December 31, 2015:


•	Seeds and seedlings have been reclassified on the Consolidated Balance Sheet from “Inventory” and “Other Assets” to “Timber and Timberlands, Net” to better reflect the intended use of the assets. As of December 31, 2015 and 2014, seeds and seedlings were $5.5 million and $4.8 million, respectively.


•	HBU timberlands and real estate development investments have been reclassified on the Consolidated Balance Sheet from “Other Assets” to a separate balance sheet caption. As of December 31, 2015 and 2014, the cost of Rayonier’s HBU real estate not expected to be sold within the next 12 months was $65.4 million and $77.4 million, respectively.

•

Consistent with the reclassification of HBU timberland and real estate development investments from “Other Assets” to a separate balance sheet caption, real estate development investments have been reclassified on the Consolidated Statement of Cash Flows from “Cash Provided by Operating Activities” to “Cash Used for Investing Activities.” For the years ended December 31, 2015 and 2014, real estate development investments were $2.7 million and $3.7 million, respectively.


•	Silvicultural expenditures on Rayonier’s HBU real estate have been reclassified on the Consolidated Statement of “Cash Flows from Cash Provided by Operating Activities” to “Cash Used for Investing Activities.” For the years ended December 31, 2015 and 2014, silvicultural expenditures on Rayonier’s HBU property were $0.3 million and $0.2 million, respectively.

New or Recently Adopted Accounting Pronouncements

In May 2014, the Financial Accounting Standards Board (“FASB”) and the International Accounting Standards Board (“IASB”) jointly issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, a comprehensive new revenue recognition standard that will supersede current revenue recognition guidance. The guidance provides a unified model to determine when and how revenue is recognized and will require enhanced disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from an entity’s contracts with customers. In August 2015, the FASB issued ASU No. 2015-14, Revenue from Contracts with Customers – Deferral of the Effective Date. ASU No. 2015-14 provides a one-year deferral of the effective date of the new standard, with an option for organizations to adopt early based on the original effective date. This standard will be effective for Rayonier beginning January 1, 2018 and can be applied either retrospectively to each period presented or as a cumulative-effect adjustment as of the date of adoption. The Company is currently evaluating the impact of adopting this new guidance on the consolidated financial statements and has completed a preliminary analysis of the specific impacts to our New Zealand Timber segment.

In April 2015, the FASB issued ASU No. 2015-03, Interest – Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs. ASU No. 2015-03 requires that debt issuance costs be presented in the Balance Sheet as a direct reduction from the carrying amount of the debt liability. ASU No. 2015-03 is effective for annual reporting periods beginning after December 31, 2015, including interim periods within that reporting period, and is required to be applied on a retrospective basis. Early adoption is permitted. In August 2015, the FASB issued ASU No. 2015-15 which clarified and amended the guidance so that debt issuance costs related to a line-of-credit arrangement can continue to be deferred and presented as an asset on the balance sheet, regardless of whether there are any outstanding borrowings on the line-of-credit arrangement. Rayonier intends to adopt ASU No. 2015-03 in the Company’s first quarter 2016 Form 10-Q and as required will present debt issuance costs as a deduction of the carrying amount of debt while presenting debt issuance costs related to the Company’s revolving credit facility as an asset with subsequent amortization over the life of the facility. As of December 31, 2015, the Company had approximately $3.3 million and $0.6 million of capitalized debt costs related to its outstanding non-revolving debt and revolving credit facilities, respectively.

In May 2015, the FASB issued ASU No. 2015-07, Fair Value Measurement (Topic 820) – Disclosures for Investments in Certain Entities that Calculate Net Asset Value per Share (or Its Equivalent). ASU No. 2015-07 requires that investments for which the fair value is measured at NAV using the practical expedient (investments in funds measured at NAV) under “Fair Value Measurements and Disclosures” (Topic 820) be excluded from the fair value hierarchy. ASU No. 2015-07 is effective for annual reporting periods beginning after December 15, 2015, including interim periods within that reporting period. ASU No. 2015-07 is required to be applied retrospectively to all periods presented beginning in the period of adoption. Early adoption is permitted. Rayonier intends to adopt ASU No. 2015-07 in the Company’s first quarter 2016 Form 10-Q filing, which will not have a material impact on the consolidated financial statements.

In November 2015, the FASB issued ASU No. 2015-17, Income Taxes (Topic 740) – Balance Sheet Classification of Deferred Taxes. ASU No. 2015-17 requires deferred tax assets and liabilities to be classified as noncurrent in a classified balance sheet. ASU No. 2015-17 is effective for annual periods beginning after December 15, 2016, and interim periods within that reporting period. Early adoption is permitted. Rayonier adopted ASU No. 2015-17 in its Consolidated Balance Sheet as of December 31, 2015 in this annual report on Form 10-K. The Consolidated Balance Sheet as of December 31, 2014 was not retrospectively adjusted. See Note 9 — Income Taxes for additional information.

Subsequent Events

The Company has evaluated events occurring from December 31, 2015 to the date of issuance for potential recognition or disclosure in the consolidated financial statements.

Share Repurchase

On February 10, 2016, the Board of Directors approved the repurchase of an additional $100 million of Rayonier’s common shares (the “share repurchase program”). The program has no time limit and may be suspended or discontinued at any time.

Timberland Acquisitions

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Timberland Acquisitions

TIMBERLAND ACQUISITIONS

In eight separate transactions throughout 2015, Rayonier purchased approximately 35,000 acres of timberland located in Florida, Georgia, Louisiana, Mississippi and Oregon, for approximately $88.5 million. These acquisitions were funded with cash on hand, like-kind exchange proceeds from real estate and timberland sales, or through the revolving credit facility and were accounted for as asset purchases. Additionally, in one transaction during 2015, the Company acquired forestry rights covering approximately 1,800 acres of timberland with mature timber in New Zealand for approximately $9.9 million. This acquisition was funded with cash on hand.

In 12 separate transactions throughout 2014, Rayonier purchased approximately 62,000 acres of timberland located in Alabama, Florida, Georgia, Texas and Washington, for approximately $130 million. These acquisitions were funded with cash on hand, like-kind exchange proceeds from real estate and timberland sales, or through the revolving credit facility and were accounted for as asset purchases. Additionally, in one transaction during 2014, approximately 500 acres were purchased in New Zealand for approximately $0.9 million. This acquisition was funded with cash on hand.

The following table summarizes the timberland acquisitions at December 31, 2015 and 2014:



	2015			2014
	Cost		Acres	Cost		Acres
Alabama	—		—		$41,453	18,113
Florida	5,031		3,428	22,157		15,774
Georgia	1,495		1,443	46,525		16,573
Louisiana	47,840		24,494	—		—
Mississippi	42		40	—		—
Oregon	34,052		5,578	—		—
Texas	—		—	17,960		10,900
Washington	—		—	1,878		438
New Zealand (a)	9,949		1,767	923		546
Total Acquisitions		$98,409	36,750		$130,896	62,344


(a)	The 2015 New Zealand transaction represents the purchase of a forestry right.

Segment and Geographical Information

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Segment and Geographical Information

SEGMENT AND GEOGRAPHICAL INFORMATION

Rayonier operates in five reportable segments: Southern Timber, Pacific Northwest Timber, New Zealand Timber, Real Estate and Trading.

The Company’s timber businesses are disaggregated into Southern Timber, Pacific Northwest Timber and New Zealand Timber segments. Sales in the Timber segments include all activities related to the harvesting of timber and other non-timber income activities such as the leasing of properties for hunting, mineral extraction and cell towers.

Real Estate sales include all U.S. property sales, including those lands designated as higher and better use (HBU). The Company’s Real Estate sales categories include Improved Development, Unimproved Development, Rural and Non-Strategic / Timberlands. In the fourth quarter of 2015, the Company added a fifth sales category entitled “Large Dispositions.” This category includes sales of timberland that exceed $20 million in size and do not have any identified HBU premium relative to timberland value. Previously, these sales were reported as Non-Strategic / Timberlands. All prior period amounts have been presented to reflect the newly realigned sales categories.

Improved development includes sales of development property for which Rayonier, through one of its taxable REIT subsidiaries, has invested in infrastructure to enhance the value and marketability of the property. The unimproved development sales category comprises properties sold for commercial, industrial or residential development purposes and for which Rayonier has not invested in improvements such as utilities or roads.

The Trading segment comprises log trading in New Zealand, conducted by the Company’s New Zealand JV in two core areas of business, managed export services on behalf of third parties and procured logs for export sale by the New Zealand JV. The Trading segment complements the New Zealand Timber segment by adding scale and achieving cost savings that directly benefit the New Zealand Timber segment, and by contributing to income with minimal investment.

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 segment operating income and Adjusted EBITDA. Asset information is not reported by segment, as the company does not produce asset information by segment internally.

Operating income as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income. 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 and are included under “Corporate and other.”

Segment information for each of the three years ended December 31, 2015 follows:



	Sales
	2015		2014			2013
Southern Timber		$139,093		$141,833			$123,804
Pacific Northwest Timber	76,488		102,232			110,494
New Zealand Timber	161,570		182,421			147,716
Real Estate (a)	86,493		77,281			148,955
Trading	81,230		103,678			131,711
Intersegment Eliminations	—		(3,924		)	(2,962		)
Total		$544,874		$603,521			$659,718


(a)	2013 included a fourth quarter sale of approximately 128,000 acres of New York timberlands for $57.3 million.



	Operating Income/(Loss)
	2015			2014			2013
Southern Timber		$46,669			$45,651			$37,847
Pacific Northwest Timber	6,917			29,539			32,669
New Zealand Timber	2,775			9,474			10,566
Real Estate	44,263			47,474			55,894
Trading	1,247			1,687			1,823
Corporate and other (a)	(24,087		)	(35,536		)	(30,139		)
Total Operating Income	77,784			98,289			108,660
Unallocated interest expense and other	(34,702		)	(53,447		)	(38,502		)
Total income from continuing operations before income taxes		$43,082			$44,842			$70,158


(a)	2013 included a $16.2 million gain related to the consolidation of the New Zealand JV. See Note 7 — Joint Venture Investment.



	Gross Capital Expenditures
	2015		2014		2013
Capital Expenditures (a)
Southern Timber		$33,245		$36,033		$38,093
Pacific Northwest Timber	8,515		9,742		8,404
New Zealand Timber	15,143		17,344		16,030
Real Estate	313		195		366
Trading	—		—		—
Corporate and other	77		399		310
Total capital expenditures		$57,293		$63,713		$63,203

Timberland Acquisitions
Southern Timber		$54,408		$125,650		$20,364
Pacific Northwest Timber	34,052		1,878		—
New Zealand Timber (b)	9,949		923		139,879
Real Estate	—		2,445		37
Trading	—		—		—
Corporate and other	—		—		—
Total timberland acquisitions		$98,409		$130,896		$160,280

Total Gross Capital Expenditures		$155,702		$194,609		$223,483


(a)	Excludes timberland acquisitions presented separately.


(b)	Includes $139.9 million related to the purchase price of the additional 39 percent JV interest acquired in 2013. See Note 7 — Joint Venture Investment for additional information.



	Depreciation, Depletion and Amortization
	2015		2014		2013
Southern Timber		$54,299		$52,307		$49,402
Pacific Northwest Timber	14,842		21,282		21,371
New Zealand Timber	29,741		32,161		27,650
Real Estate	14,533		13,355		17,365
Trading	—		—		—
Corporate and other	293		875		1,066
Total		$113,708		$119,980		$116,854



	Non-Cash Cost of Land and Real Estate Sold
	2015		2014		2013
Southern Timber	—		—		—
Pacific Northwest Timber	—		—		—
New Zealand Timber	467		4,328		—
Real Estate	12,042		8,936		10,212
Trading	—		—		—
Corporate and other	—		—		—
Total		$12,509		$13,264		$10,212



	Sales by Product Line
	2015		2014			2013
Southern Timber		$139,093		$141,833			$123,804
Pacific Northwest Timber	76,488		102,232			110,494
New Zealand Timber	161,570		182,421			147,716
Real Estate
Improved Development	2,610		—			1,568
Unimproved Development	6,399		4,794			2,839
Rural	22,653		40,954			27,471
Non-Strategic / Timberlands	54,831		9,533			37,049
Large Dispositions (a)	—		22,000			80,028
Total Real Estate	86,493		77,281			148,955
Trading	81,230		103,678			131,711
Intersegment eliminations	—		(3,924		)	(2,962		)
Total Sales		$544,874		$603,521			$659,718


(a)	2013 included a fourth quarter sale of approximately 128,000 acres of New York timberlands for $57.3 million.



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2015		2014		2013		2015		2014		2013		2015		2014
United States		$302,074		$317,422		$380,575		$73,749		$87,116		$80,158		$1,826,462		$1,884,585
New Zealand (a)	242,800		286,099		279,143		4,035		11,173		28,502		492,801		568,530
Total		$544,874		$603,521		$659,718		$77,784		$98,289		$108,660		$2,319,263		$2,453,115


(a)	2013 included a $16.2 million operating income gain from the consolidation of the New Zealand JV. See Note 7 — Joint Venture Investment.

- 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

Debt

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Debt

DEBT

Rayonier’s debt consisted of the following at December 31, 2015 and 2014:



	2015		2014
Senior Notes due 2022 at a fixed interest rate of 3.75%		$325,000		$325,000
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50%	—		129,706
Mortgage notes due 2017 at fixed interest rates of 4.35% (a)	42,638		53,801
Solid waste bonds due 2020 at a variable interest rate of 1.3% at December 31, 2015	15,000		15,000
Revolving Credit Facility borrowings at a variable interest rate of 1.34% at December 31, 2014	—		16,000
Revolving Credit Facility borrowings due 2020 at a variable interest rate of 1.6% at December 31, 2015	97,000		—
Term Credit Agreement borrowings due 2024 at a variable interest rate of 1.9% at December 31, 2015	170,000		—
New Zealand JV Revolving Credit Facility due 2016 at a variable interest rate of 3.54% at December 31, 2015	160,999		184,099
New Zealand JV Noncontrolling interest shareholder loan at 0% interest rate	23,242		27,949
Total debt	833,879		751,555
Less: Current maturities of long-term debt	—		(129,706		)
Long-term debt		$833,879		$621,849

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



2016 (a)		$160,999
2017 (b)	42,000
2018	—
2019	—
2020	112,000
Thereafter	518,242
Total debt		$833,241


(a)	The Company will refinance this debt in 2016 with proceeds from the term loan facility.


(b)	The mortgage notes due in 2017 were recorded at a premium of $0.6 million and $1.3 million as of December 31, 2015 and 2014, respectively. Upon maturity the liability will be $42 million.

Term Credit Agreement

On August 5, 2015, the Company entered into a credit agreement with CoBank, ACB, as administrative agent, and a syndicate of Farm Credit institutions and other commercial banks to provide $550 million of new credit facilities, including a five-year $200 million unsecured revolving credit facility (see below) and a nine-year $350 million term loan facility. The Company has entered into an interest rate swap transaction to fix the cost of the term loan facility over its nine-year term. The periodic interest rate on the term credit agreement is LIBOR plus 1.625%, with an unused commitment fee of 0.175%. The Company receives annual patronage refunds, which are profit distributions made by a cooperative to its member-users based on the quantity or value of business done with the member-user. The Company estimates the effective interest rate to be approximately 3.3% after consideration of the estimated patronage refunds and interest rate swaps. As of December 31, 2015, the Company had additional draws available of $180.0 million under the term credit agreement.

Revolving Credit Facility

In August 2015, the Company entered into a five-year $200 million unsecured revolving credit facility, replacing the previous $200 million revolving credit facility and $100 million farm credit facility which were scheduled to expire in April 2016 and December 2019, respectively. The periodic interest rate on the revolving credit facility is LIBOR plus 1.250%, with an unused commitment fee of 0.175%. At December 31, 2015, the Company had $101.2 million of available borrowings under this facility, net of $1.8 million to secure its outstanding letters of credit.

Joint Venture Debt

On April 4, 2013, Rayonier acquired an additional 39% interest in its New Zealand JV, bringing its total ownership to 65% and as a result, the New Zealand JV’s debt was consolidated effective on that date. See Note 7 — Joint Venture Investment for further information.

Senior Secured Facilities Agreement

The New Zealand JV is party to a $188 million variable rate Senior Secured Facilities Agreement comprised of two tranches. Tranche A, a $161 million revolving cash advance facility expires September 2016 and Tranche B, a $27 million working capital facility expires June 2016. 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 to the New Zealand JV’s assets, as well as recourse to Rayonier Inc. and any of its subsidiaries.

Revolving Credit Facility

As of December 31, 2015 the Senior Secured Facilities Agreement had $161 million outstanding on Tranche A at 3.54% due September 2016, with a commitment fee of 80 basis points. In 2016, the Company will use proceeds from the term loan facility to fund a capital infusion into the New Zealand JV, which the New Zealand JV will in turn use for repayment of all outstanding amounts under its existing credit facility. The entire balance of the New Zealand JV Revolving Credit Facility remained classified as long-term debt at December 31, 2015 due to the ability and intent of the Company to refinance it on a long-term basis. 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 13 — Derivative Financial Instruments and Hedging Activities. The notional amounts of the outstanding interest rate swap contracts at December 31, 2015 were $130 million, or 81% of the variable rate debt. The interest rate swaps have maturities extending through January 2020. The periodic interest rate on New Zealand JV debt is BKBM plus 0.80% with an additional 0.80% credit line fee. The periodic effective interest rate on New Zealand JV debt is approximately 6.3% after consideration of the interest rate swaps.

Working Capital Facility

The $27 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 0.94% to 1.04% based on the interest coverage ratio and the length of time each borrowing is outstanding. At December 31, 2015, 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 partner in the amount of $23 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 par, the carrying amount is deemed to be the fair value. The entire balance of the shareholder loan remained classified as long-term debt at December 31, 2015 due to its absence of a fixed maturity date.

3.75% Senior Notes issued March 2012

In March 2012, Rayonier Inc. issued $325 million of 3.75% Senior Notes due 2022, guaranteed by certain subsidiaries. The guarantors were revised in October 2012, leaving TRS and Rayonier Operating Company LLC as the remaining guarantors.

$105 Million Secured Mortgage Notes Assumed

In November 2011, in connection with the acquisition of approximately 250,000 acres of timberlands, the Company assumed notes totaling $105 million, secured by mortgages on certain parcels of the timberlands acquired. The notes bear fixed interest rates of 4.35% with original terms of seven years maturing in August 2017. The Company prepaid $21.0 million of principal on the mortgage notes concurrent with the acquisition and an additional $10.5 million during each of the years 2012 through 2015, the maximum amounts allowed without penalty at the respective dates. The notes were recorded at fair value on the date of acquisition. At December 31, 2015, the carrying value of the debt outstanding was $42.6 million; however, the liability will be $42.0 million at maturity.

4.50% Senior Exchangeable Notes issued August 2009

The Company paid $131 million of its 4.50% Senior Exchangeable Notes upon maturity in August 2015.

The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2014 are as follows:



	2014
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes		$130,973
Unamortized discount (a)
4.50% Senior Exchangeable Notes	(1,267		)
Net carrying amount of debt		$129,706
Equity:
Common stock		$8,850

(a) The discount for the 4.50% notes was amortized through August 2015.

The amount of interest related to the convertible debt recognized in the Consolidated Statements of Income and Comprehensive Income for the years December 31, 2015, 2014 and 2013 is as follows:



	2015		2014		2013
Contractual interest coupon
4.50% Senior Exchangeable Notes		$3,438		$5,930		$7,271
Amortization of debt discount
4.50% Senior Exchangeable Notes	1,267		1,957		2,281
Total interest expense recognized		$4,705		$7,887		$9,552

The effective interest rate on the liability component for the years ended December 31, 2015, 2014 and 2013 was 6.21%.

Debt Covenants

In connection with the Company’s $350 million term credit agreement and $200 million revolving credit facility, customary covenants must be met, the most significant of which include interest coverage and leverage ratios. In connection with the New Zealand JV’s Senior Secured Facilities Agreement, customary covenants must be met, the most significant of which include interest coverage and leverage ratios.

In addition to the financial covenants listed above, the mortgage notes, senior notes, term credit agreement and revolving credit facility include customary covenants that limit the incurrence of debt and the disposition of assets, among others. At December 31, 2015, the Company was in compliance with all covenants.

Higher and Better Use Timberlands and Real Estate Development Costs

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Higher and Better Use Timberlands and Real Estate Development Costs

HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS

Rayonier continuously assesses potential alternative uses of its timberlands, as some properties may become more valuable for development, residential, recreation or other purposes. The Company periodically transfers, via a sale or contribution from the REIT to TRS, HBU timberlands to enable land-use entitlement, development or marketing activities. The Company also acquires HBU properties in connection with timberland acquisitions. These properties are managed as timberlands until sold or developed. While the majority of HBU sales involve rural and recreational land, the Company also selectively pursues various land-use entitlements on certain properties for residential, commercial and industrial development in order to enhance the long-term value of such properties. For selected development properties, Rayonier also invests in targeted infrastructure improvements, such as roadways and utilities, to accelerate the marketability and improve the value of such properties.

An analysis of higher and better use timberlands and real estate development costs from December 31, 2014 to December 31, 2015 is shown below:



	Higher and Better Use Timberlands and Real Estate Development Investments
	Land and Timber			Development Investments			Total
Non-current portion at December 31, 2014		$65,959			$11,474			$77,433
Plus: Current portion (a)	4,875			57			4,932
Total Balance at December 31, 2014	70,834			11,531			82,365
Non-cash cost of land and real estate sold	(5,101		)	(344		)	(5,445		)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(4,820		)	—			(4,820		)
Capitalized real estate development investments	—			2,676			2,676
Capital expenditures (silviculture)	308			—			308
Intersegment transfers	2,695			—			2,695
Other	—			(77		)	(77		)
Total Balance at December 31, 2015	63,916			13,786			77,702
Less: Current portion (a)	(6,019		)	(6,233		)	(12,252		)
Non-current portion at December 31, 2015		$57,897			$7,553			$65,450


(a)	The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 18 — Inventory for additional information.

Joint Venture Investment

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Joint Venture Investment

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 0.4 million legal acres of New Zealand timberlands. As a result of the acquisition, Rayonier is a 65 percent owner of the New Zealand JV and subsequent to April 4, 2013 it consolidated the JV’s Balance Sheet and results of operations. The portions of the consolidated financial position and results of operations attributable to the New Zealand JV’s 35 percent noncontrolling interest are also shown separately. Rayonier New Zealand Limited (“RNZ”), a wholly-owned subsidiary of Rayonier Inc., serves as the manager of the New Zealand JV forests.

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 was acquired for $139.9 million and 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 $6.1 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. The acquisition-date fair value of the previous equity interest was $93.3 million.

The Company’s operating results for the year ended December 31, 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 following represents the pro forma (unaudited) consolidated sales and net income for the three years ended December 31, 2015 as if the additional interest in the New Zealand JV had been acquired on January 1, 2013.



	2015		2014		2013
Sales		$544,874		$603,521		$1,742,348
Net Income	43,941		97,846		372,039

Commitments

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Commitments

COMMITMENTS

The Company leases certain buildings, machinery and equipment under various operating leases. Total rental expense for operating leases amounted to $2.3 million, $1.9 million and $2.3 million in 2015, 2014 and 2013, respectively. The Company also has long-term lease agreements on certain timberlands in the Southern U.S. and New Zealand. U.S. leases typically have initial terms of approximately 30 to 65 years, with renewal provisions in some cases. New Zealand timberland lease terms range between 30 and 99 years. Such leases are generally non-cancellable and require minimum annual rental payments. Total expenditures for long-term leases and deeds on timberlands (including Crown Forest Licenses) amounted to $11.3 million, $12.8 million and $13.2 million in 2015, 2014 and 2013, respectively.

At December 31, 2015, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Purchase Obligations (b)		Total
2016		$1,865		$11,174		$7,253		$20,292
2017	1,444		10,873		6,023		18,340
2018	736		9,372		5,585		15,693
2019	606		8,874		4,114		13,594
2020	521		8,432		3,455		12,408
Thereafter (c)	1,584		161,101		15,057		177,742
		$6,756		$209,826		$41,487		$258,069


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


(b)	Purchase obligations include payments expected to be made on derivative financial instruments (foreign exchange contracts and interest rate swaps) and standby letters of credit fees for industrial revenue bonds.

(c)

Includes 20 years of future minimum payments for perpetual Crown Forest Licenses (“CFL”). A CFL consists of a license to use public or government owned land to operate a commercial forest. The CFL's extend indefinitely and may only be terminated upon a 35 year termination notice from the government. If no termination notice is given, the CFLs renew automatically each year for a one year term. As of December 31, 2015, the New Zealand JV has four CFL’s under termination notice, terminating in 2034, two in 2044 and 2049 as well as two fixed term CFL’s expiring in 2062. The annual license fee is determined based on current market rental value, with triennial rent reviews.

Income Taxes

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Income Taxes

INCOME TAXES

The operations conducted by the Company’s REIT entities are generally not subject to U.S. federal and state income taxation. The New Zealand JV is subject to corporate level tax in New Zealand. Non-REIT qualifying operations are conducted by the Company’s taxable REIT subsidiaries. Prior to the June 27, 2014 spin-off of Rayonier Advanced Materials, the Company’s taxable REIT subsidiaries (“TRS”) operations included the Performance Fibers manufacturing business. During 2014 and 2013, the income tax benefit from continuing operations was significantly impacted by the TRS businesses. During 2015, the primary businesses performed in Rayonier’s taxable REIT subsidiaries included log trading and certain real estate activities, such as the sale and entitlement of development HBU properties.

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 2013. In 2013, the law provided a built-in gains tax holiday, which impacted the Company’s 2013 tax provision.

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 during calendar year 2009. The AFMC is a $0.50 per gallon refundable excise 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 produced and used an alternative fuel (“black liquor”) in its Performance Fibers business, which qualified for both credits. The Company claimed the AFMC on its original 2009 income tax return. In 2013, management approved an exchange of black liquor gallons previously claimed under the AFMC for the CBPC. The net tax benefit from this exchange of $18.8 million was recorded in discontinued operations. As a result of the spin-off of the Performance Fibers business in 2014, the Company recorded a $13.6 million valuation allowance in continuing operations related to CPBC remaining with the Company’s taxable REIT subsidiary and the limited potential use of the CBPC prior to its expiration on December 31, 2019. In 2015, a $1.0 million return-to-accrual adjustment was recorded related to the CBPC which resulted in a corresponding increase in the CBPC valuation allowance to $14.6 million.

Provision for Income Taxes from Continuing Operations

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



	2015			2014			2013
Current
U.S. federal		($624	)		$27,521			$27,338
State	226			1,353			1,462
Foreign	(308		)	—			(261		)
	(706		)	28,874			28,539
Deferred
U.S. federal	3,702			(7,260		)	22,649
State	107			(357		)	1,211
Foreign	2,360			1,633			(2,119		)
	6,169			(5,984		)	21,741
Changes in valuation allowance	(4,604		)	(13,289		)	(14,595		)
Total		$859			$9,601			$35,685

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



	2015					2014					2013
U.S. federal statutory income tax rate		($15,079	)	35.0	%		($15,695	)	35.0	%		($24,555	)	35.0	%
U.S. and foreign REIT income and U.S. TRS taxable losses	19,446			(45.1	)	32,058			(71.5	)	52,812			(75.3	)
U.S. net deferred tax asset valuation allowance	(3,607		)	8.4		—			—		—			—
Foreign TRS operations	1,097			(2.6	)	(159		)	0.4		(95		)	0.1
Loss on early redemption of Senior Exchangeable Notes	—			—		—			—		(859		)	1.2
Other	5			—		112			(0.3	)	101			(0.1	)
Income tax benefit before discrete items	1,862			(4.3	)	16,316			(36.4	)	27,404			(39.1	)
CBPC valuation allowance	(997		)	2.3		(13,644		)	30.4		—			—
Deferred tax inventory valuations	—			—		5,151			(11.5	)	983			(1.4	)
Uncertain tax positions	—			—		1,830			(4.1	)	800			(1.1	)
Gain related to consolidation of New Zealand joint venture	—			—		—			—		5,634			(8.0	)
Reversal of REIT BIG tax payable	—			—		—			—		485			(0.7	)
Other	(6		)	—		(52		)	0.2		379			(0.6	)
Income tax benefit as reported for continuing operations		$859		(2.0	)%		$9,601		(21.4	)%		$35,685		(50.9	)%

The Company’s effective tax rate is below the 35 percent U.S. statutory rate primarily due to tax benefits associated with being a REIT.

Provision for Income Taxes from Discontinued Operations

On June 27, 2014 Rayonier completed the spin-off of its Performance Fibers business. Income tax expense related to Performance Fibers discontinued operations was $20.6 million and $84.4 million for the years ended December 31, 2014 and 2013, respectively.

During 2013, Rayonier completed the sale of its Wood Products business for $80 million plus a working capital adjustment. Income tax expense related to the Wood Products business was $22.0 million for the year ended December 31, 2013.

See Note 21 — Discontinued Operations for additional information on the spin-off of the Performance Fibers business and the sale of the Wood Products business.

Deferred Taxes

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



	2015			2014
Gross deferred tax assets:
Pension, postretirement and other employee benefits		$1,040			$1,994
New Zealand JV	65,078			71,482
CBPC Tax Credit Carry Forwards (a)	14,641			13,644
Capitalized real estate costs	9,378			9,554
U.S. TRS Net Operating Loss	2,327			—
Other	7,050			8,067
Total gross deferred tax assets	99,514			104,741
Less: Valuation allowance	(18,248		)	(13,644		)
Total deferred tax assets after valuation allowance		$81,266			$91,097
Gross deferred tax liabilities:
Accelerated depreciation	(1,357		)	(1,796		)
Repatriation of foreign earnings	(7,251		)	(8,817		)
New Zealand JV	(68,551		)	(78,008		)
Timber installment sale	(7,511		)	(7,511		)
Other	(311		)	(1,304		)
Total gross deferred tax liabilities	(84,981		)	(97,436		)
Net deferred tax (liability)/asset		($3,715	)		($6,339	)

Noncurrent portion of deferred tax asset (b)	—			8,057
Current portion of deferred tax liability (b)	—			(7,893		)
Noncurrent portion of deferred tax liability (b)	(3,715		)	(6,503		)
Net deferred tax (liability)/asset		($3,715	)		($6,339	)


(a)	In 2015, a $1.0 million return to accrual adjustment was made in conjunction with the filing of the Company’s 2014 U.S. federal income tax return.


(b)	Rayonier adopted ASU No. 2015-17, which requires deferred tax assets and liabilities to be classified as noncurrent, in its Consolidated Balance Sheet as of December 31, 2015. Deferred tax assets and liabilities as of December 31, 2014 have not been retrospectively adjusted.

Included above are the following foreign net operating loss (“NOL”) and tax credit carryforwards as of December 31, 2015:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand JV NOL Carryforwards		$232,846	—			None
U.S. Net Deferred Tax Asset	3,607		(3,607		)	None
Cellulosic Biofuel Producer Credit (a)	14,641		(14,641		)	2019
Total Valuation Allowance				($18,248	)


(a)	In 2015, a $1.0 million return to accrual adjustment was made in conjunction with the filing of the Company’s 2014 U.S. federal income tax return.

Prepaid Taxes

As of December 31, 2015 and 2014, the Company has recorded a long-term prepaid federal income tax of $14.4 million related to recognized built-in gains on 2006, 2008 and 2010 intercompany sales of timberlands between the REIT and the TRS. Taxes for the transactions were paid at the time of sale, but the gain and income tax expense were deferred in accordance with U.S. Generally Accepted Accounting Principles. As the timberlands are sold to third parties, the appropriate gain and related income tax expense will be recognized and the prepaid income tax will be reduced.

Other Tax Items

In 2015 and 2014, the Company recorded tax deficiencies on stock-based compensation of $0.3 million and $0.8 million, respectively. In 2013, the Company recorded excess tax benefits of $8.4 million related to stock-based compensation. These amounts were recorded directly to shareholders’ equity and were not included in the consolidated tax provision.

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.

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



	2015		2014			2013
Balance at January 1,	—			$10,547			$6,580
Decreases related to prior year tax positions	—		(10,547		)	(800		)
Increases related to prior year tax positions	135		—			4,767
Balance at December 31,		$135	—				$10,547

The unrecognized tax benefit of $135 thousand as of December 31, 2015 relates to a prior year deduction, in conjunction with the spin-off of the Performance Fibers business.

The total amount of unrecognized tax benefits that, if recognized, would have affected the effective tax rate at December 31, 2015, 2014 and 2013 is $0, $0 and $6.6 million, respectively.

The Company records interest (and penalties, if applicable) related to unrecognized tax benefits in non-operating expenses. The Company recorded $0 million and $0.5 million benefit to interest expense in 2015 and 2014, respectively. For the year ended December 31, 2013, the Company recorded interest expense of $0.1 million. The Company had no recorded liabilities for the payment of interest at December 31, 2015 and 2014.

Tax Statutes

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



Taxing Jurisdiction	Open Tax Years
U.S. Internal Revenue Service	2012 - 2015
New Zealand Inland Revenue	2011 - 2015

Contingencies

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Contingencies

CONTINGENCIES

Following the Company’s November 10, 2014 earnings release and filing of the restated interim financial statements for the quarterly periods ended March 31, 2014 and June 30, 2014 (the “November 2014 Announcement”), shareholders of the Company filed five putative class actions against the Company and Paul G. Boynton, Hans E. Vanden Noort, David L. Nunes, and H. Edwin Kiker arising from circumstances described in the November 2014 Announcement, entitled respectively:


•	Sating v. Rayonier Inc. et al, Civil Action No. 3:14-cv-01395; filed November 12, 2014 in the United States District Court for the Middle District of Florida;


•	Keasler v. Rayonier Inc. et al, Civil Action No. 3:14-cv-01398, filed November 13, 2014 in the United States District Court for the Middle District of Florida;


•	Lake Worth Firefighters’ Pension Trust Fund v. Rayonier Inc. et al, Civil Action No. 3:14-cv-01403, filed November 13, 2014 in the United States District Court for the Middle District of Florida;


•	Christie v. Rayonier Inc. et al, Civil Action No. 3:14-cv-01429, filed November 21, 2014 in the United States District Court for the Middle District of Florida; and


•	Brown v. Rayonier Inc. et al, Civil Action No. 1:14-cv-08986, initially filed in the United States District Court for the Southern District of New York and later transferred to the United States District Court for the Middle District of Florida and assigned as Civil Action No. 3:14-cv-01474.

On January 9, 2015, the five securities actions were consolidated into one putative class action entitled In re Rayonier Inc. Securities Litigation, Case No. 3:14-cv-01395-TJC-JBT, in the United States District Court for the Middle District of Florida. The plaintiffs alleged that the defendants made false and/or misleading statements in violation of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The plaintiffs sought unspecified monetary damages and attorneys’ fees and costs. Two shareholders, the Pension Trust Fund for Operating Engineers and the Lake Worth Firefighters’ Pension Trust Fund moved for appointment as lead plaintiff on January 12, 2015, which was granted on February 25, 2015. On April 7, 2015, the plaintiffs filed a Consolidated Class Action Complaint (the “Consolidated Complaint”). In the Consolidated Complaint, plaintiffs added allegations as to and added as a defendant N. Lynn Wilson, a former officer of Rayonier. With the filing of the Consolidated Complaint, David L. Nunes and H. Edwin Kiker were dropped from the case as defendants. Defendants timely filed Motions to Dismiss the Consolidated Complaint on May 15, 2015. After oral argument on Defendants' motions on August 25, 2015, the Court dismissed the Consolidated Complaint without prejudice, allowing plaintiffs leave to refile. Plaintiffs filed the Amended Consolidated Class Action Complaint (the “Amended Complaint”) on September 25, 2015, which continued to assert claims against the Company, as well as Ms. Wilson and Messrs. Boynton and Vanden Noort. Defendants timely filed Motions to Dismiss the Amended Complaint on October 26, 2015, which are pending. At this preliminary stage, the Company cannot determine whether there is a reasonable likelihood a material loss has been incurred nor can the range of any such loss be estimated.

On November 26, 2014, December 29, 2014, January 26, 2015, February 13, 2015, and May 12, 2015, the Company received separate letters from shareholders requesting that the Company investigate or pursue derivative claims against certain officers and directors related to the November 2014 Announcement. Although these demands do not identify any claims against the Company, the Company has certain obligations to advance expenses and provide indemnification to certain current and former officers and directors of the Company. The Company has also incurred expenses as a result of costs arising from the investigation of the claims alleged in the various demands. At this preliminary stage, the ultimate outcome of these matters cannot be predicted, nor can the range of potential expenses the Company may incur as a result of the obligations identified above be estimated.

In November 2014, the Company received a subpoena from the SEC seeking documents related to the Company’s amended reports filed with the SEC on November 10, 2014. The Company cooperated with the SEC and complied with its requests. The Company does not currently believe that the investigation will have a material impact on the Company’s financial condition, results of operations, or cash flow, but cannot predict the timing or outcome of the SEC investigation.

The Company has also 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 pending 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.

Guarantees

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Guarantees

GUARANTEES

The Company provides financial guarantees as required by creditors, insurance programs, and various governmental agencies. As of December 31, 2015, the following financial guarantees were outstanding:



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)		$16,685		$15,000
Guarantees (b)	2,254		43
Surety bonds (c)	896		—
Total financial commitments		$19,835		$15,043


(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. These letters of credit will expire at various dates during 2016 and will be renewed as required.

(b)

In conjunction with a timberland sale and note monetization in the 2004, the Company issued a make-whole agreement pursuant to which it guaranteed $2.3 million of obligations of a special-purpose entity that was established to complete the monetization. At December 31, 2015, the Company has recorded a de minimis 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 in 2016 and 2017 and are expected to be renewed as required.

Earnings Per Common Share

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Earnings Per Common Share

EARNINGS PER COMMON SHARE

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

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



	2015			2014			2013
Income from continuing operations		$43,941			$54,443			$105,843
Less: Net (loss) income from continuing operations attributable to noncontrolling interest	(2,224		)	(1,491		)	1,902
Income from continuing operations attributable to Rayonier Inc.		$46,165			$55,934			$103,941

Income from discontinued operations attributable to Rayonier Inc.	—				$43,403			$267,955

Net income attributable to Rayonier Inc.		$46,165			$99,337			$371,896

Shares used for determining basic earnings per common share	125,385,085			126,458,710			125,717,311
Dilutive effect of:
Stock options	116,792			323,125			463,949
Performance and restricted shares	39,863			149,292			158,319
Assumed conversion of Senior Exchangeable Notes (a)	358,449			2,149,982			1,965,177
Assumed conversion of warrants (a)	—			1,957,154			1,800,345
Shares used for determining diluted earnings per common share	125,900,189			131,038,263			130,105,101
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations		$0.37			$0.44			$0.83
Discontinued operations	—			0.34			2.13
Net income		$0.37			$0.78			$2.96
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations		$0.37			$0.43			$0.80
Discontinued operations	—			0.33			2.06
Net income		$0.37			$0.76			$2.86



	2015	2014	2013
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	897,800	461,663	337,145
Assumed conversion of exchangeable note hedges (a)	358,449	2,149,982	1,965,177
Total	1,256,249	2,611,645	2,302,322

(a)

In September and October 2013, $41.5 million of the Senior Exchangeable Notes due 2015 (the “2015 Notes”) were redeemed by the noteholders; however, no additional shares were issued due to offsetting hedges. Similarly, Rayonier did not issue additional shares upon the August 2015 maturity of the remaining 2015 Notes due to offsetting hedges. ASC 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. The dilutive effect of the 2015 Notes was included for the portion of the periods presented in which the notes were outstanding.

The warrants sold in conjunction with the Senior Exchangeable Notes due 2012 began maturing on January 15, 2013 and matured ratably through March 27, 2013, resulting in the issuance of 2,135,221 shares. For the year ended 2013, 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 the February 2016 maturity of the warrants sold in conjunction with the 2015 Notes if the stock price exceeds $28.11 per share. The exchange price on the warrants is lower than periods prior to 2014 as it has been adjusted to reflect the spin-off of the Performance Fibers business. The warrants were not dilutive for the year ended 2015 as the average stock price did not exceed the strike price. For further information, see Note 5 — Debt.

Derivative Financial Instruments and Hedging Activities

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments and Hedging Activities

DERIVATIVE FINANCIAL INSTRUMENTS AND HEDGING ACTIVITIES

The Company is exposed to market risk related to potential fluctuations in foreign currency exchange rates and interest rates. The Company uses derivative financial instruments to mitigate the financial impact of exposure to these risks. The Company also uses derivative financial instruments to mitigate exposure to foreign currency risk due to the translation of the investment in Rayonier’s New Zealand-based operations from New Zealand dollars to U.S. dollars.

Accounting for derivative financial instruments is governed by Accounting Standards Codification 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. Gains and losses on derivatives that are designated and qualify for net investment hedge accounting are recorded as a component of AOCI and will not be reclassified into earnings until the Company’s investment in its New Zealand operations is partially or completely liquidated. The ineffective portion of any hedge, 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. The Company's hedge ineffectiveness was de minimis for all periods presented.

Foreign Currency Exchange and Option Contracts

The functional currency of Rayonier’s wholly-owned subsidiary, Rayonier New Zealand Limited, and the New Zealand JV is the New Zealand dollar. The New Zealand JV is exposed to foreign currency risk on export sales and ocean freight payments which are mainly denominated in U.S. dollars. The New Zealand JV typically hedges 50% to 90% of its estimated foreign currency exposure with respect to the following three months forecasted sales and purchases, 50% to 75% of its forecasted sales and purchases for the forward three to 12 months and up to 50% of the forward 12 to 18 months. Foreign currency exposure from the New Zealand JV’s trading operations is typically hedged based on the following three months forecasted sales and purchases. As of December 31, 2015, foreign currency exchange contracts and foreign currency option contracts had maturity dates through June 2017 and May 2017, respectively.

Foreign currency exchange and option contracts hedging foreign currency risk on export sales and ocean freight payments qualify for cash flow hedge accounting. 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.

The Company may de-designate cash flow hedge relationships in advance or at the occurrence of the forecasted transaction. The portion of gains or losses on the derivative instrument previously accumulated in AOCI for de-designated hedges remains in AOCI until the forecasted transaction affects earnings. Changes in the value of derivative instruments after de-designation are recorded in earnings. De-designated cash flow hedges are included in “Derivatives not designated as hedging instruments” in the table below.

In August 2015, the Company entered into foreign currency option contracts (notional amount of $332 million) to mitigate the risk of fluctuations in foreign currency exchange rates when translating Rayonier New Zealand Limited and the New Zealand JV’s balance sheet to U.S. dollars. These contracts hedge a portion of the Company’s net investment in New Zealand and qualify as a net investment hedge. The fair value of these option 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 hedge qualifies for hedge accounting whereby fluctuations in fair market value during the life of the hedge are recorded in AOCI and remain there permanently unless a partial or full liquidation of the investment is made. At each reporting period, the Company reviews the hedge for ineffectiveness. Ineffectiveness can occur when changes to the investment or the hedged instrument are made such that the risk of foreign exchange movements are no longer mitigated by the hedging instrument. At that time, the amount related to the ineffectiveness of the net investment hedge is recorded into earnings. The foreign currency option contracts mature in the first quarter of 2016.

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 December 31, 2015, the Company’s interest rate contracts hedged 81 percent of the New Zealand JV’s variable rate debt and had maturity dates through January 2020. Initially, these hedges qualified for hedge accounting; however, upon consolidation of the New Zealand JV in 2013, the hedges no longer qualified requiring all future changes in the fair market value of the hedges to be recorded in earnings.

The Company is exposed to cash flow interest rate risk on its variable-rate Term Credit Agreement (as discussed below), and uses variable-to-fixed interest rate swaps to hedge this exposure. For these derivative instruments, the Company reports the gains/losses from the fluctuations in the fair market value of the hedges in AOCI and reclassifies them to earnings as interest expense in the same period in which the hedged interest payments affect earnings.

In August 2015, the Company entered into a nine-year interest rate swap agreement for a notional amount of $170 million. This agreement fixes the LIBOR-related portion of the interest rate (LIBOR plus 1.625%) to an average rate of 2.20%. This derivative instrument has been designated as an interest rate cash flow hedge and qualifies for hedge accounting.

Also in August 2015, the Company entered into a nine-year forward interest rate swap agreement with a start date in April 2016 for a notional amount of $180 million. This agreement fixes the LIBOR-related portion of the interest rate (LIBOR plus 1.625%) to an average rate of 2.35%. This derivative instrument has been designated as an interest rate cash flow hedge and qualifies for hedge accounting.

Fuel Hedge Contracts

The Company has historically used fuel hedge contracts to manage its New Zealand JV’s exposure to changes in New Zealand’s domestic diesel prices. Due to the low volume of diesel fuel purchases made by the New Zealand JV in 2013, the Company decided to no longer hedge its diesel fuel purchases effective November 2013. There were no contracts remaining as of December 31, 2015.

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2015, 2014 and 2013.



	Location on Statement of Income and Comprehensive Income	2015			2014			2013
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive (loss) income		($205	)		($1,069	)		$950
	Other operating (income) expense	—			—			652
Foreign currency option contracts	Other comprehensive (loss) income	370			(1,647		)	460
Interest rate swaps	Other comprehensive (loss) income	(10,197		)	—			—

Derivatives designated as a net investment hedge:
Foreign currency exchange contract	Other comprehensive (loss) income	2,875			(145		)	—
Foreign currency option contracts	Other comprehensive (loss) income	4,606			—			—

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating expense (income)	—			25			(1,607		)
Foreign currency option contracts	Other operating expense (income)	1,394			7			1,147
Interest rate swaps	Interest and miscellaneous (expense) income	(4,391		)	(5,882		)	6,085
Fuel hedge contracts	Cost of sales (benefit)	—			160			(255		)

During the next 12 months, the amount of the December 31, 2015 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 $1.6 million.

The following table contains the notional amounts of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2015 and 2014:



	Notional Amount
	2015		2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts		$21,250		$28,540
Foreign currency option contracts	107,200		79,400
Interest rate swaps	350,000		—

Derivatives designated as a net investment hedge:
Foreign currency exchange contract	—		27,419
Foreign currency option contracts	331,588		—

Derivatives not designated as hedging instruments:
Interest rate swaps	130,169		161,968

The following table contains the fair values of the derivative financial instruments recorded in the Consolidated Balance Sheets at December 31, 2015 and 2014. Changes in balances of derivative financial instruments are recorded as operating activities in the Consolidated Statements of Cash Flows.



		Fair Value Assets (Liabilities) (a)
	Location on Balance Sheet	2015			2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current assets		$43			$132
	Other assets	—			59
	Other current liabilities	(1,449		)	(272		)
	Other non-current liabilities	(219		)	—
Foreign currency option contracts	Other current assets	560			299
	Other assets	408			198
	Other current liabilities	(1,393		)	(1,439		)
	Other non-current liabilities	(217		)	(196		)
Interest rate swaps	Other non-current liabilities	(10,197		)	—

Derivatives designated as a net investment hedge:
Foreign currency exchange contract	Other current liabilities	—			(223		)
Foreign currency option contracts	Other current assets	4,630			—
	Other current liabilities	(24		)	—

Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-current liabilities	(8,047		)	(7,247		)

Total derivative contracts:
Other current assets			$5,233			$431
Other assets		408			257
Total derivative assets			$5,641			$688

Other current liabilities		(2,866		)	(1,934		)
Other non-current liabilities		(18,680		)	(7,443		)
Total derivative liabilities			($21,546	)		($9,377	)


(a)	See Note 14 — 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

Reference 1: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
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+ Details

Fair Value Measurements

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value Measurements

FAIR VALUE MEASUREMENTS

Fair Value of Financial Instruments

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

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

Level 2 — Observable inputs other than quoted prices included in Level 1.

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

The following table presents the carrying amount and estimated fair values of financial instruments held by the Company at December 31, 2015 and 2014, using market information and what the Company believes to be appropriate valuation methodologies under generally accepted accounting principles:



	December 31, 2015							December 31, 2014
Asset (liability) (a)	Carrying Amount			Fair Value				Carrying Amount			Fair Value
				Level 1		Level 2					Level 1		Level 2
Cash and cash equivalents		$51,777			$51,777	—			$161,558			$161,558	—
Restricted cash (b)	23,525			23,525		—		6,688			6,688		—
Current maturities of long-term debt	—			—		—		(129,706		)	—		(156,762	)
Long-term debt	(833,879		)	—		(830,203	)	(621,849		)	—		(628,476	)
Interest rate swaps (c)	(18,244		)	—		(18,244	)	(7,247		)	—		(7,247	)
Foreign currency exchange contracts (c)	(1,625		)	—		(1,625	)	(304		)	—		(304	)
Foreign currency option contracts (c)	3,964			—		3,964		(1,138		)	—		(1,138	)


(a)	The Company did not have Level 3 assets or liabilities at December 31, 2015.


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


(c)	See Note 13 — 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.

- 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

Employee Benefit Plans

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Employee Benefit Plans

EMPLOYEE BENEFIT PLANS

The Company has one qualified non-contributory defined benefit pension plan covering a portion of its employees and an unfunded plan that provides benefits in excess of amounts allowable under current tax law in the qualified plans. The Company closed enrollment in its pension plans to salaried employees hired after December 31, 2005. Employee benefit plan liabilities are calculated using actuarial estimates and management assumptions. These estimates are based on historical information, along with certain assumptions about future events. Changes in assumptions, as well as changes in actual experience, could cause the estimates to change.

In connection with the spin-off of the Performance Fibers business, Rayonier entered into an Employee Matters Agreement with Rayonier Advanced Materials, (see See Note 3 — Discontinued Operations in the 2014 Form 10-K for further details), which provides that employees of Rayonier Advanced Materials will no longer participate in benefit plans sponsored or maintained by Rayonier. Upon separation, the Rayonier Pension and Postretirement Plans transferred assets and obligations to the Rayonier Advanced Materials Pension and Postretirement Plans resulting in a net decrease in sponsored pension and postretirement plan obligations of $100 million. This was based on a revaluation of plan obligations using a 4.0% discount rate versus 4.6% at December 31, 2013. In addition, $78 million of other comprehensive losses were transferred to Rayonier Advanced Materials, net of taxes of $45 million.

The Company sold its Wood Products business in March 2013. As a result of the sale, all employees covered by the Wood Products defined benefit pension plan are considered terminated employees. Amendments to the plan in June 2013 resulted in all such employees automatically vesting in the plan. Additionally, a one-time lump sum distribution was offered to terminated Wood Products plan participants or their beneficiaries. Based upon acceptance of that offer by certain participants, $3.0 million was paid from the plan assets during 2013, with a corresponding decrease of $2.8 million in the benefit obligation. As a result of the lump sum distribution, a settlement loss of $0.5 million, net of tax, was recorded in “Income from Discontinued Operations, net” in the Consolidated Statements of Income and Comprehensive Income as it was directly related to the sale of the Wood Products business. For additional information on the sale of the Wood Products business, see Note 21 — Discontinued Operations.

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



	Pension						Postretirement
	2015			2014			2015			2014
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year		$87,355			$413,638			$1,226			$21,999
Service cost	1,484			3,923			11			402
Interest cost	3,319			10,707			52			537
Actuarial (gain) loss	(5,332		)	43,093			(123		)	2,250
Employee contributions	—			—			—			484
Benefits paid	(2,821		)	(11,288		)	(7		)	(888		)
Transferred to Rayonier Advanced Materials	—			(372,718		)	—			(23,558		)
Projected benefit obligation at end of year		$84,005			$87,355			$1,159			$1,226



Change in Plan Assets
Fair value of plan assets at beginning of year		$55,546			$341,905		—		—
Actual return on plan assets	(1,241		)	21,399			—		—
Employer contributions	29			1,103			7		404
Employee contributions	—			—			—		484
Benefits paid	(2,821		)	(11,288		)	(7	)	(888	)
Other expense	(543		)	(607		)	—		—
Transferred to Rayonier Advanced Materials	—			(296,966		)	—		—
Fair value of plan assets at end of year		$50,970			$55,546		—		—



Funded Status at End of Year:
Net accrued benefit cost	($33,035	)	($31,809	)	($1,159	)	($1,226	)



Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Noncurrent assets	—			—			—			—
Current liabilities	(32		)	(15		)	(24		)	(25		)
Noncurrent liabilities	(33,003		)	(31,794		)	(1,135		)	(1,201		)
Net amount recognized		($33,035	)		($31,809	)		($1,159	)		($1,226	)

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



	Pension								Postretirement
	2015			2014			2013		2015		2014			2013
Net (losses) gains		($477	)		($37,559	)		$60,171		$123		($2,250	)		$3,206
Prior service cost	—			—			—		—		—			—
Negative plan amendment	—			—			—		—		—			3,372

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



	Pension						Postretirement
	2015		2014		2013		2015		2014			2013
Amortization of losses		$3,733		$6,542		$20,914		$12		$288			$675
Amortization of prior service cost	13		576		1,356		—		8			66
Amortization of negative plan amendment	—		—		—		—		(137		)	(105		)

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



	Pension						Postretirement
	2015			2014			2015		2014
Prior service cost	—				($13	)	—		—
Net (losses) gains	(27,710		)	(30,965		)	45		(90		)
Negative plan amendment	—			—			—		—
Deferred income tax benefit (expense)	1,927			2,425			6		(22		)
AOCI		($25,783	)		($28,553	)		$51		($112	)

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



	2015		2014
Projected benefit obligation		$84,005		$87,355
Accumulated benefit obligation	78,779		81,141
Fair value of plan assets	50,970		55,546

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



	Pension									Postretirement
	2015			2014			2013			2015		2014			2013
Components of Net Periodic Benefit Cost
Service cost		$1,484			$3,923			$8,452			$11		$402			$1,056
Interest cost	3,319			10,707			16,682			52		537			937
Expected return on plan assets	(4,027		)	(15,258		)	(25,302		)	—		—			—
Amortization of prior service cost	13			576			1,296			—		8			66
Amortization of losses	3,733			6,542			20,097			12		288			675
Amortization of negative plan amendment	—			—			—			—		(137		)	(105		)
Curtailment expense	—			—			60			—		—			—
Settlement expense	—			—			817			—		—			—
Net periodic benefit cost (a)		$4,522			$6,490			$22,102			$75		$1,098			$2,629


(a)	Net periodic benefit cost for the years ended December 31, 2014 and 2013 included $4.0 million and $14.9 million, respectively, recorded in “Income from discontinued operations, net” on the Consolidated Statements of Income and Comprehensive Income.

The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2016 are as follows:



	Pension		Postretirement
Amortization of loss (gain)		$2,426		($1	)

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



	Pension						Postretirement
	2015		2014		2013		2015		2014		2013
Assumptions used to determine benefit obligations at December 31:
Discount rate	4.20	%	3.80	%	4.60	%	4.34	%	3.96	%	4.60	%
Rate of compensation increase	4.50	%	4.50	%	4.60	%	4.50	%	4.50	%	4.50	%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate (pre-spin off)	—		4.60	%	3.70	%	—		4.60	%	3.60	%
Discount rate (post-spin off)	3.80	%	4.04	%	—		3.96	%	4.00	%	—
Expected long-term return on plan assets	7.70	%	8.50	%	8.50	%	—		—		—
Rate of compensation increase	4.50	%	4.50	%	4.60	%	4.50	%	4.50	%	4.50	%

At December 31, 2015, the pension plan’s discount rate was 4.2%, which closely approximates interest rates on high quality, long-term obligations. In 2015, the expected return on plan assets decreased to 7.7%, which is based on historical and expected long-term rates of return on broad equity and bond indices and consideration of the actual annualized rate of return. The Company, with the assistance of external consultants, utilizes this information in developing assumptions for returns, and risks and correlation of asset classes, which are then used to establish the asset allocation ranges.

Investment of Plan Assets

The Company’s pension plans’ asset allocation (excluding short-term investments) at December 31, 2015 and 2014, and target allocation ranges by asset category are as follows:



	Percentage of Plan Assets				Target Allocation Range
Asset Category	2015		2014		Target Allocation Range
Domestic equity securities	40	%	42	%	35-45%
International equity securities	25	%	23	%	20-30%
Domestic fixed income securities	27	%	27	%	25-29%
International fixed income securities	5	%	4	%	3-7%
Real estate fund	3	%	4	%	2-4%
Total	100	%	100	%

The Company’s Pension and Savings Plan Committee and the Audit Committee of the Board of Directors oversee the pension plans’ investment program which is designed to maximize returns and provide sufficient liquidity to meet plan obligations while maintaining acceptable risk levels. The investment approach emphasizes diversification by allocating the plans’ assets among asset categories and selecting investment managers whose various investment methodologies will be minimally correlative with each other. Investments within the equity categories may include large capitalization, small capitalization and emerging market securities, while the international fixed income portfolio may include emerging markets debt. Pension assets did not include a direct investment in Rayonier common stock at December 31, 2015 or 2014.

Fair Value Measurements

The following table sets forth by level, within the fair value hierarchy (see Note 2 — Summary of Significant Accounting Policies for definition), the assets of the plans as of December 31, 2015 and 2014.



	Fair Value at December 31, 2015						Fair Value at December 31, 2014
Asset Category	Level 1		Level 2		Total		Level 1		Level 2		Total
Domestic equity securities		$3,781		$16,171		$19,952		$4,557		$18,326		$22,883
International equity securities	6,062		6,287		12,349		6,277		6,488		12,765
Domestic fixed income securities	—		13,654		13,654		—		14,643		14,643
International fixed income securities	2,348		—		2,348		2,428		—		2,428
Real estate fund	1,583		—		1,583		1,887		—		1,887
Short-term investments	—		1,084		1,084		—		940		940
Total		$13,774		$37,196		$50,970		$15,149		$40,397		$55,546

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

Level 1 — Net asset value in an observable market.

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

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 Company did not have Level 3 assets at December 31, 2015 and there were no changes in the methodology used during the years ended December 31, 2015 and 2014.

Cash Flows

Expected benefit payments for the next 10 years are as follows:



	Pension Benefits		Postretirement Benefits
2016		$3,043		$25
2017	3,204		27
2018	3,346		29
2019	3,543		32
2020	3,811		34
2021 - 2025	21,825		211

The Company has no mandatory pension contribution requirements in 2016, but may make discretionary contributions.

Defined Contribution Plans

The Company provides defined contribution plans to all of its hourly and salaried employees. Company contributions charged to expense for these plans were $0.7 million, $1.6 million and $4.4 million for the years ended December 31, 2015, 2014 and 2013, respectively. Rayonier Hourly and Salaried Defined Contribution Plans include Rayonier common stock with a fair market value of $11.1 million and $16.3 million at December 31, 2015 and 2014, respectively.

As discussed above, the defined benefit pension plan is currently closed to new employees. Employees not eligible for the pension plan are immediately eligible to participate in the Company’s 401(k) plan and receive an enhanced contribution. Company contributions related to this plan enhancement for the years ended December 31, 2015, 2014 and 2013 were $0.4 million, $0.5 million and $1.1 million, respectively.

Incentive Stock Plans

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Incentive Stock Plans

INCENTIVE STOCK PLANS

The Rayonier Incentive Stock Plan (“the Stock Plan”) provides up to 15.8 million shares to be granted for incentive stock options, non-qualified stock options, stock appreciation rights, performance shares, restricted stock and restricted stock units, subject to certain limitations. At December 31, 2015, a total of 5.6 million shares were available for future grants under the Stock Plan. Under the Stock Plan, shares available for issuance are reduced by 1 share for each option or right granted and by 2.27 shares for each performance share, restricted share or restricted stock unit granted. The Company issues new shares of stock upon the exercise of stock options, the granting of restricted stock, and the vesting of performance shares.

A summary of the Company’s stock-based compensation cost is presented below:



	2015		2014		2013
Selling and general expenses		$3,752		$7,100		$10,700
Cost of sales	635		678		942
Timber and Timberlands, net (a)	97		91		68
Total stock-based compensation		$4,484		$7,869		$11,710

Tax benefit recognized related to stock-based compensation expense		$302		$1,714		$3,077


(a)	Represents amounts capitalized as part of the overhead allocation of timber-related costs.

As a result of the spin-off and pursuant to the Employee Matters Agreement, the Company made certain adjustments to the exercise price and number of Rayonier stock-based compensation awards. For additional information on the spin-off of the Performance Fibers business, see Note 21 — Discontinued Operations.

Fair Value Calculations by Award

Restricted Stock

Restricted stock granted to employees under the Stock Plan generally vests in thirds on the third, fourth, and fifth anniversary of the grant date. Periodically, other one-time restricted stock grants are issued to employees for special purposes, such as new hire, promotion or retention, and can vest ratably over, or upon completion of, a defined period of time. Restricted stock granted to members of the board of directors generally vests immediately upon issuance and is subject to certain holding requirements. The fair value of each share granted is equal to the share price of the Company’s stock on the date of grant. Rayonier has elected to value each grant in total and recognize the expense on a straight-line basis from the grant date of the award to the latest vesting date.

Restricted stock was impacted by the spin-off as follows:

•

Holders of Rayonier restricted stock, including Rayonier non-employee directors, retained those awards and also received restricted stock of Rayonier Advanced Materials, in an amount that reflects the distribution to Rayonier stockholders, by applying the distribution ratio (one share of Rayonier Advanced Materials for every three shares of Rayonier stock held) to Rayonier restricted stock awards as though they were unrestricted Rayonier common shares.

•

Performance share awards granted in 2013 (with a 2013-2015 performance period) were cancelled as of the distribution date and were replaced with time-vested restricted stock of the post-separation employer of each holder (Rayonier or Rayonier Advanced Materials, as the case may be). The restricted shares will vest 24 months after the distribution date, generally subject to the holder’s continued employment. The number of shares of restricted stock granted was determined in a manner intended to preserve the original value of the performance share award.

The Company compared the fair value of the reissued restricted stock held by Rayonier employees with the fair value of the restricted stock and 2013 performance share awards immediately before the modification. The replacement of the 2013 performance share awards with restricted stock resulted in $0.7 million of incremental value. After adjusting the incremental value for cancellations prior to December 31, 2015, the additional expense to be recognized over the remaining two-year vesting period ending in the second quarter of 2016 totaled $0.4 million.

As of December 31, 2015, there was $4.0 million of unrecognized compensation cost related to Rayonier and Rayonier Advanced Materials restricted stock held by Rayonier employees. The Company expects to recognize this cost over a weighted average period of 3.6 years.

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



	2015		2014		2013
Restricted shares granted	96,088		186,783		33,607
Weighted average price of restricted shares granted		$26.28		$36.42		$57.54
Intrinsic value of restricted stock outstanding (a)	4,434		5,142		1,652
Grant date fair value of restricted stock vested	2,632		1,318		1,266
Cash used to purchase common shares from current and former employees to pay minimum withholding tax requirements on restricted shares vested		$122		$24		$277


(a)	Intrinsic value of restricted stock outstanding is based on the market price of the Company’s stock at December 31, 2015.



	2015
	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested Restricted Shares at January 1,	184,023				$37.53
Granted	96,088			26.28
Vested	(76,421	)		34.45
Cancelled	(3,951	)		40.88
Non-vested Restricted Shares at December 31,	199,739		(a)		$33.09


(a)	Represents all Rayonier restricted shares outstanding as of December 31, 2015, including restricted share awards held by Rayonier Advanced Materials employees.

Performance Share Units

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

Performance share awards outstanding as of the spin-off were treated as follows:

•

Performance share awards granted in 2012 (with a 2012-2014 performance period) remained subject to the same performance criteria as applied immediately prior to the spin-off, except that total shareholder return at the end of the performance period was based on the combined stock prices of Rayonier and Rayonier Advanced Materials and any payment earned was to be in shares of Rayonier common stock and shares of Rayonier Advanced Materials common stock.


•	Performance share awards granted in 2013 (with a 2013-2015 performance period) were cancelled as of the distribution date and were replaced with time-vested restricted stock of the post-separation employer of each holder, as discussed in the Restricted Stock section above.

•

Performance share awards granted in 2014 (with a 2014-2016 performance period) were cancelled and replaced with performance share awards of the post-separation employer of each holder (Rayonier or Rayonier Advanced Materials, as the case may be), and are subject to the achievement of performance criteria that relate to the post-separation business of the applicable employer during a performance period ending December 31, 2016. The number of shares underlying each such performance share award were determined in a manner intended to preserve the original value of the award.

A comparison of the fair value of modified performance share awards held by Rayonier employees with the fair value of the awards immediately before the modification did not yield any incremental value. As such, the Company did not record any incremental compensation expense related to performance shares. The replacement of the 2013 performance share awards with time-vested restricted stock did result in incremental compensation expense, as discussed above.

The Stock Plan allows for the cash settlement of the minimum required withholding tax on performance share unit awards. As of December 31, 2015, there was $3.2 million of unrecognized compensation cost related to the Company’s performance share unit awards, which is solely attributable to awards granted in 2014 and 2015 to Rayonier employees. This cost is expected to be recognized over a weighted average period of 2.0 years.

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



	2015		2014		2013
Common shares of Company stock reserved for performance shares granted during year	219,844		130,164		276,240
Weighted average fair value of performance share units granted		$29.62		$40.33		$59.16
Intrinsic value of outstanding performance share units (a)	3,822		5,840		22,092
Fair value of performance shares vested	—		—		6,961
Cash used to purchase common shares from current and former employees to pay minimum withholding tax requirements on performance shares vested	—			$1,834		$11,048


(a)	Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2015.



	2015
	Number of Units			Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1,	209,024				$51.01
Granted	109,922			29.62
Other Cancellations/Adjustments	(146,790	)	(a)	56.00
Outstanding Performance Share units at December 31,	172,156				$33.12


(a)	Includes primarily 2012 performance shares issued to Rayonier and Rayonier Advanced Material employees that did not meet the minimum performance requirement for vesting.

Expected volatility was estimated using daily returns on the Company’s common stock for the three-year period ending on the grant date. The risk-free rate was based on the 3-year U.S. treasury rate on the date of the award. The dividend yield was not used to calculate fair value as awards granted receive dividend equivalents. The following table provides an overview of the assumptions used in calculating the fair value of the awards granted for the three years ended December 31, 2015:



	2015		2014 (a)		2013
Expected volatility	21.9	%	19.7	%	23.2	%
Risk-free rate	0.9	%	0.7	%	0.4	%


(a)	Represents assumptions used in the July 2014 valuation of re-issued 2014 performance share units with a remaining term of 2.5 years. The initial fair value of the 2014 awards assumed an expected volatility of 22.8% and a risk-free rate of 0.8%.

Non-Qualified Employee Stock Options

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

At the time of the spin-off, each Rayonier stock option was converted into an adjusted Rayonier stock option and a Rayonier Advanced Materials stock option. The exercise price and number of shares subject to each stock option were adjusted in order to preserve the aggregate value of the original Rayonier stock option as measured immediately before and immediately after the spin-off. A comparison of the fair value of modified awards held by Rayonier employees, including options in both Rayonier and Rayonier Advanced Materials shares, with the fair value of the awards immediately before the modification did not yield any incremental value. As such, the Company did not record any incremental compensation expense related to stock options.

The following table provides an overview of the weighted average assumptions and related fair value calculations of options granted for the two years ended December 31, 2014 as no options were granted during the year ended December 31, 2015:



	2014 (a)			2013
Expected volatility	39.3		%	39.0		%
Dividend yield	4.6		%	3.4		%
Risk-free rate	2.2		%	1.0		%
Expected life (in years)	6.3			6.3
Fair value per share of options granted (b)		$10.58			$14.01
Fair value of options granted (in millions)		$3.2			$2.7


(a)	The majority of 2014 stock option awards were granted prior to the spin-off. As such, the weighted average assumptions and fair values reflect pre-spin information, including dividends, stock prices and grants to Rayonier Advanced Materials employees in addition to Rayonier employees.


(b)	The fair value per share of each option grant was adjusted at the spin-off to preserve the aggregate value of the original Rayonier stock option. The adjusted weighted average fair value per share applied to Rayonier employee awards was $8.23 for 2014 grants and $10.70 for 2013 grants.

A summary of the status of the Company’s stock options as of and for the year ended December 31, 2015 is presented below. The information reflects options in Rayonier common shares, including those awards held by Rayonier Advanced Materials employees.



	2015
	Number of Shares		Weighted Average Exercise Price (per common share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Options outstanding at January 1,	1,369,900			$27.21
Granted	—		—
Exercised	(113,082	)	18.95
Cancelled or expired	(37,084	)	32.86
Options outstanding at December 31,	1,219,734			$27.80	5.3		$1,380
Options exercisable at December 31,	1,003,510			$26.63	4.7		$1,380

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



	2015		2014		2013
Intrinsic value of options exercised (a)		$773		$4,044		$12,263
Fair value of options vested	1,938		3,054		2,558
Cash received from exercise of options	2,117		5,579		10,101


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

As of December 31, 2015, there was $0.2 million of unrecognized compensation cost related to Rayonier and Rayonier Advanced Materials stock options held by the Company’s employees. This cost is expected to be recognized over a weighted average period of 1.0 years.

Other Operating Income, Net

12 Months Ended

Dec. 31, 2015

Other Income and Expenses [Abstract]

Other Operating Income, Net

OTHER OPERATING INCOME, NET

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



	2015			2014			2013
Lease income, primarily from hunting		$19,216			$17,569			$19,479
Other non-timber income	3,597			2,621			2,714
Foreign exchange (loss) gain	(89		)	3,498			901
Gain on sale or disposal of property plant & equipment	7			48			287
(Loss) gain on foreign currency contracts, net	(5,338		)	32			(192		)
Legal and corporate development costs	—			(222		)	(2,242		)
Bankruptcy claim settlement	—			5,779			—
Gain (loss) on sale of carbon credits (a)	352			(307		)	—
Log trading agency and marketing fees	1,191			—			—
Miscellaneous income (expense), net	823			(2,507		)	(2,460		)
Total		$19,759			$26,511			$18,487


(a)	Loss in 2014 reflects surrender of carbon credit units.

Inventory

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Inventory

INVENTORY

In the first quarter of 2015, Rayonier reclassified seeds and seedlings from Inventory and Other Assets to Timber and Timberlands, Net to better reflect the intended use of the assets, as discussed in Note 2 - Summary of Significant Accounting Policies. As of December 31, 2015 and 2014, Rayonier’s inventory was solely comprised of finished goods, as follows:



	2015		2014
Finished goods inventory
Real estate inventory (a)		$12,252		$4,932
Log inventory	3,099		3,451
Total inventory		$15,351		$8,383


(a)	Represents cost of HBU real estate (including capitalized development investments) expected to be sold within 12 months.

Other Assets

12 Months Ended

Dec. 31, 2015

Other Assets [Abstract]

Other Assets

OTHER ASSETS

Included in Other Assets are non-current prepaid and deferred income taxes, restricted cash, goodwill in the New Zealand JV, long-term prepaid roads, and other deferred expenses including debt issuance and capitalized software costs.

Beginning in 2015, Rayonier reclassified HBU timberlands and real estate development costs from “Other Assets” to a separate balance sheet caption. See Note 2 — Summary of Significant Accounting Policies for additional information on HBU real estate. As of December 31, 2015 and 2014, the cost of Rayonier’s HBU real estate not expected to be sold within the next 12 months was $65.4 million and $77.4 million, respectively.

As of December 31, 2015, New Zealand JV goodwill was $8.5 million and was included in the assets of the New Zealand Timber segment. Based on a Step 1 impairment analysis performed as of October 1, 2015, there is no indication of impairment of goodwill as of December 31, 2015. Except for changes in the New Zealand foreign exchange rate, there have been no adjustments to the carrying value of goodwill since the initial recognition. See Note 2 — Summary of Significant Accounting Policies for additional information on goodwill.

Changes in goodwill for the years ended December 31, 2015 and 2014 were:



	2015			2014
Balance, January 1 (net of $0 of accumulated impairment)		$9,694			$10,179
Changes to carrying amount
Acquisitions	—			—
Impairment	—			—
Foreign currency adjustment	(1,216		)	(485		)
Balance, December 31 (net of $0 of accumulated impairment)		$8,478			$9,694

In order to qualify for like-kind (“LKE”) treatment, the proceeds from real estate sales must be deposited with a third-party intermediary. These proceeds are accounted for as restricted cash until a suitable replacement property is acquired. In the event that the LKE purchases are not completed, the proceeds are returned to the Company after 180 days and reclassified as available cash. As of December 31, 2015 and 2014, the Company had $23.5 million and $6.7 million, respectively, of proceeds from real estate sales classified as restricted cash in “Other Assets,” which were deposited with an LKE intermediary.

Costs for roads in the Pacific Northwest and New Zealand built to access particular tracts to be harvested in the upcoming 24 months to 60 months are recorded as prepaid logging and secondary roads. At December 31, 2015 and 2014, long-term prepaid roads in the Pacific Northwest were $5.7 million and $4.7 million, respectively. At December 31, 2015 and 2014, long-term secondary roads in New Zealand were $2.3 million and $3.3 million, respectively.

Debt issuance costs are capitalized and amortized to interest expense over the term of the debt to which they relate using a method that approximates the interest method. At December 31, 2015 and 2014, capitalized debt issuance costs were $3.9 million and $3.7 million, respectively. Software costs are capitalized and amortized over a period not exceeding five years using the straight-line method. At December 31, 2015 and 2014, capitalized software costs were $3.9 million and $4.2 million, respectively.

Accumulated Other Comprehensive Income/(Loss)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Accumulated Other Comprehensive Income/(Loss)

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The following table summarizes the changes in AOCI by component for the years ended December 31, 2015 and 2014. All amounts are presented net of tax and exclude portions attributable to noncontrolling interest.



	Foreign currency translation adjustments			Net investment hedges of New Zealand JV			Cash flow hedges				Employee benefit plans				Total
Balance as of December 31, 2013		$36,914		—				($342	)			($82,711	)			($46,139	)
Other comprehensive income/(loss) before reclassifications	(11,381		)	(145		)	510				47,938			(a)	36,922
Amounts reclassified from accumulated other comprehensive loss	—			—			(1,716		)		6,108			(b)	4,392
Net other comprehensive income/(loss)	(11,381		)	(145		)	(1,206		)		54,046				41,314
Balance as of December 31, 2014		$25,533			($145	)		($1,548	)			($28,665	)			($4,825	)
Other comprehensive income/(loss) before reclassifications	(27,983		)	6,416			(14,444		)	(c)	(354		)		(36,365		)
Amounts reclassified from accumulated other comprehensive loss	—			—			4,400				3,287			(d)	7,687
Net other comprehensive income/(loss)	(27,983		)	6,416			(10,044		)		2,933				(28,678		)
Balance as of December 31, 2015		($2,450	)		$6,271			($11,592	)			($25,732	)			($33,503	)

(a)

Reflects $78 million, net of taxes, of comprehensive income due to the transfer of losses to Rayonier Advanced Materials Pension Plans. This comprehensive income was offset by $30 million, net of taxes, of losses as a result of revaluations required due to the spin-off and at year-end. The actuarial losses were primarily caused by a decrease in the discount rate from 4.6 percent as of December 31, 2013 to 3.8 percent as of December 31, 2014. See Note 15 — Employee Benefit Plans for additional information.


(b)	This accumulated other comprehensive income component is comprised of $5 million from the computation of net periodic pension cost and the $1 million write-off of a deferred tax asset related to the revaluation and transfer of liabilities as a result of the spin-off.


(c)	Includes $10.2 million of other comprehensive loss related to interest rate swaps entered into in the third quarter 2015. See Note 13 — Derivative Financial Instruments and Hedging Activities for additional information.


(d)	This component of other comprehensive income 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 years ended December 31, 2015 and 2014:



Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income						Affected line item in the income statement
	2015			2014
Realized loss (gain) on foreign currency exchange contracts		$5,366			($2,858	)	Other operating income, net
Realized loss (gain) on foreign currency option contracts	4,035			(1,007		)	Other operating income, net
Noncontrolling interest	(3,290		)	1,352			Comprehensive loss attributable to noncontrolling interest
Income tax (benefit) expense from foreign currency contracts	(1,711		)	797			Income tax benefit
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income	4,400			(1,716		)
Income tax expense on pension plan contributed to Rayonier Advanced Materials	—			843			Income tax benefit
Net loss (gain) reclassified from accumulated other comprehensive income		$4,400			($873	)

- 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
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-URI http://asc.fasb.org/extlink&oid=6522872

+ Details

Discontinued Operations

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations

DISCONTINUED OPERATIONS

Spin-Off of the Performance Fibers Business

On June 27, 2014, Rayonier completed the tax-free spin-off of its Performance Fibers business and retained its timber, real estate and trading businesses. The spin-off resulted in two independent, publicly-traded companies, with the Performance Fibers business being spun off to Rayonier shareholders as a newly formed public company named Rayonier Advanced Materials. On June 27, 2014, the shareholders of record received one share of Rayonier Advanced Materials common stock for every three common shares of Rayonier held as of the close of business on the record date of June 18, 2014.

In connection with the spin-off, Rayonier Advanced Materials distributed $906.2 million in cash to Rayonier from $550 million in Senior Notes issued by Rayonier A.M. Products (a wholly-owned subsidiary of Rayonier Advanced Materials), $325 million in term loans, and $75 million from a revolving credit facility Rayonier Advanced Materials entered into prior to the spin-off. Pursuant to the terms of the Internal Revenue Service spin-off ruling, $75 million of this cash was paid to Rayonier’s shareholders as dividends. Of this $75 million, $63.2 million was paid to shareholders as a special dividend in the third quarter of 2014.

In order to effect the spin-off and govern the Company’s relationship with Rayonier Advanced Materials after the spin-off, Rayonier and Rayonier Advanced Materials entered into a Separation and Distribution Agreement, an Intellectual Property Agreement, a Tax Sharing Agreement, an Employee Matters Agreement and a Transition Services Agreement. See Note 3 — Discontinued Operations in the 2014 Form 10-K for further details concerning these agreements.

Rayonier will not have significant continuing involvement in the operations of the Performance Fibers business going forward. Accordingly, the operating results of the Performance Fibers business, formerly disclosed as a separate reportable 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 Performance Fibers segment are reported in continuing operations, as required.

The following table summarizes the operating results of the Company's discontinued operations related to the Performance Fibers spin-off for the years ended December 31, 2014 and December 31, 2013, as presented in "Income from discontinued operations, net" in the Consolidated Statements of Income and Comprehensive Income:



	2014			2013
Sales		$456,180			$1,048,104
Cost of sales and other	(369,210		)	(736,471		)
Transaction expenses	(22,989		)	(3,208		)
Income from discontinued operations before income taxes	63,981			308,425
Income tax expense	(20,578		)	(84,398		)
Income from discontinued operations, net		$43,403			$224,027

In accordance with ASC 205-20-S99-3, Allocation of Interest to Discontinued Operations, the Company elected to allocate interest expense to discontinued operations where the debt is not directly attributed to the Performance Fibers business. Interest expense was allocated based on a ratio of net assets discontinued to the sum of consolidated net assets plus consolidated debt (other than debt directly attributable to the Timber and Real Estate operations). The following table summarizes the interest expense allocated to discontinued operations for the years ended December 31, 2014 and December 31, 2013:



	2014			2013
Interest expense allocated to the Performance Fibers business		($4,205	)		($8,964	)

The following table summarizes the depreciation, amortization and capital expenditures of the Company's discontinued operations related to the Performance Fibers business:



	2014		2013
Depreciation and amortization		$37,985		$74,386
Capital expenditures	60,443		97,874
Jesup mill cellulose specialties expansion	—		148,262

The major classes of Performance Fibers assets and liabilities included in the spin-off are as follows:



	June 27, 2014
Accounts receivable, net		$66,050
Inventory	121,705
Prepaid and other current assets	70,092
Property, plant and equipment, net	862,487
Other assets	103,400
Total assets		$1,223,734

Accounts payable		$65,522
Other current liabilities	51,006
Long-term debt	950,000
Non-current environmental liabilities	66,434
Pension and other postretirement benefits	102,633
Other non-current liabilities	7,269
Deficit	(19,130		)
Total liabilities and equity		$1,223,734

In the third and fourth quarters of 2014 and 2015, the Company made immaterial adjustments to the valuation of certain classes of Performance Fibers assets and liabilities included in the spin-off as the segregation of the pension and postretirement plans were finalized and tax obligations were updated based upon filing of the 2013 and 2014 tax returns and allocated based on the terms of the Tax Sharing Agreement. The effect of these adjustments have been reflected in discontinued operations and equity for the year ended December 31, 2014 and equity for the year ended December 31, 2015.

Pursuant to a Memorandum of Understanding Agreement, Rayonier may provide Rayonier Advanced Materials with up to 120,000 tons of hardwood annually through July 30, 2017. Prior to the spin-off, hardwood intercompany purchases were transactions eliminated in consolidation as follows:



	2014		2013
Hardwood purchases		$3,935		$3,051

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. Accordingly, the operating results of the Wood Products business, formerly disclosed as a separate reportable segment, are classified as discontinued operations in the Company’s Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2013.

Rayonier recognized an after-tax gain of $42.1 million on the sale, which included the acceleration of pension settlement costs of $0.5 million resulting from a lump sum distribution to Wood Products participants. The gain is included in “Income from discontinued operations, net” in the Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2013.

The following table summarizes the operating results of the Company’s Wood Products discontinued operations as presented in “Income from discontinued operations, net” in the Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2013:



	2013
Sales		$16,968
Cost of sales and other	(14,258		)
Gain on sale of discontinued operations	63,217
Income from discontinued operations before income taxes	65,927
Income tax expense	(21,999		)
Income from discontinued operations, net		$43,928

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 the Wood Products business were de minimis both individually and in the aggregate. As such, they were included with cash flows from continuing operations in the Consolidated Statements of Cash Flows for the year ended December 31, 2013.

The following table reconciles the operating results of both the Performance Fibers and Wood Products discontinued operations, as presented in "Income from discontinued operations, net" in the Consolidated Statements of Income and Comprehensive Income:



	2014		2013
Performance Fibers income from discontinued operations, net		$43,403		$224,027
Wood Products income from discontinued operations, net	—		43,928
Income from discontinued operations, net		$43,403		$267,955

- Definition

The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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+ Details

Liabilities for Dispositions and Discontinued Operations

12 Months Ended

Dec. 31, 2015

Disposal Group, Including Discontinued Operation, Liabilities [Abstract]

Liabilities for Dispositions and Discontinued Operations

LIABILITIES FOR DISPOSITIONS AND DISCONTINUED OPERATIONS

An analysis of activity in the liabilities for dispositions and discontinued operations for the two years ended December 31, 2014 follows:



	2014			2013
Balance, January 1		$76,378			$81,695
Expenditures charged to liabilities	(5,096		)	(8,570		)
Increase to liabilities	2,558			3,253
Contribution to Rayonier Advanced Materials	(73,840		)	—
Balance, December 31	—			76,378
Less: Current portion	—			(6,835		)
Non-current portion	—				$69,543

In connection with the spin-off of the Performance Fibers business, all remaining liabilities associated with prior dispositions and discontinued operations were assumed by Rayonier Advanced Materials. As part of the separation agreement, Rayonier has been indemnified, released and discharged from any liability related to these sites. For additional information on the Performance Fibers spin-off, see Note 21 — Discontinued Operations.

Quarterly Results for 2015 and 2014 (UNAUDITED)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Quarterly Results for 2015 and 2014 (UNAUDITED)

QUARTERLY RESULTS FOR 2015 and 2014 (UNAUDITED)

(thousands of dollars, except per share amounts)



	Quarter Ended									Total Year
	March 31		June 30			Sept. 30		Dec. 31		Total Year
2015
Sales		$140,305		$115,801			$151,657		$137,111		$544,874
Cost of sales	107,234		103,689			116,044		114,132		441,099
Net income (loss)	18,180		(2,860		)	19,181		9,440		43,941
Net income (loss) attributable to Rayonier Inc.	17,747		(1,536		)	19,669		10,285		46,165
Basic EPS attributable to Rayonier Inc.
Net Income (Loss)		$0.14		($0.01	)		$0.16		$0.08		$0.37
Diluted EPS attributable to Rayonier Inc.
Net Income (Loss)		$0.14		($0.01	)		$0.16		$0.08		$0.37

2014
Sales	143,187		163,145			149,829		147,360		603,521
Cost of sales	115,900		123,096			118,088		126,776		483,860
Income from continuing operations	10,335		4,024			32,059		8,025		54,443
Income from discontinued operations	31,008		12,084			—		311		43,403
Net income	41,343		16,108			32,059		8,336		97,846
Net income attributable to Rayonier Inc.	41,426		16,353			32,701		8,857		99,337
Basic EPS attributable to Rayonier Inc.
Continuing Operations		$0.08		$0.03			$0.26		$0.07		$0.44
Discontinued Operations	0.25		0.10			—		—		0.34
Net Income		$0.33		$0.13			$0.26		$0.07		$0.78
Diluted EPS attributable to Rayonier Inc.
Continuing Operations		$0.08		$0.03			$0.25		$0.07		$0.43
Discontinued Operations	0.24		0.09			—		—		0.33
Net Income		$0.32		$0.12			$0.25		$0.07		$0.76

Rayonier completed the spin-off of its Performance Fibers business on June 27, 2014, as discussed at Note 21 — Discontinued Operations. Accordingly, the operating results of this business is reported as discontinued operations in the Company’s 2014 Consolidated Statement of Income and Comprehensive Income, including the quarterly periods shown above.

Consolidating Financial Statements

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Consolidating Financial Statements

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

The subsidiary guarantors, Rayonier Operating Company LLC (“ROC”) and Rayonier TRS Holdings Inc., are wholly-owned by the Parent Company, Rayonier Inc. The notes are fully and unconditionally guaranteed on a joint and several basis by the guarantor subsidiaries.



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$544,874		—				$544,874
Costs and Expenses
Cost of sales	—			—			441,099			—			441,099
Selling and general expenses	—			20,468			25,282			—			45,750
Other operating income, net	—			(404		)	(19,355		)	—			(19,759		)
	—			20,064			447,026			—			467,090
OPERATING (LOSS) INCOME	—			(20,064		)	97,848			—			77,784
Interest expense	(12,703		)	(9,135		)	(9,861		)	—			(31,699		)
Interest and miscellaneous income (expense), net	7,789			2,612			(13,404		)	—			(3,003		)
Equity in income from subsidiaries	51,079			75,532			—			(126,611		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	46,165			48,945			74,583			(126,611		)	43,082
Income tax benefit (expense)	—			2,134			(1,275		)	—			859
NET INCOME	46,165			51,079			73,308			(126,611		)	43,941
Less: Net loss attributable to noncontrolling interest	—			—			(2,224		)	—			(2,224		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	46,165			51,079			75,532			(126,611		)	46,165
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(21,567		)	7,922			(40,373		)	21,567			(32,451		)
New Zealand joint venture cash flow hedges	(10,042		)	(10,195		)	234			10,042			(9,961		)
Actuarial change and amortization of pension and postretirement plan liabilities	2,933			2,933			—			(2,933		)	2,933
Total other comprehensive (loss) income	(28,676		)	660			(40,139		)	28,676			(39,479		)
COMPREHENSIVE INCOME	17,489			51,739			33,169			(97,935		)	4,462
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(13,027		)	—			(13,027		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$17,489			$51,739			$46,196			($97,935	)		$17,489



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2014
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$603,521		—				$603,521
Costs and Expenses
Cost of sales	—			—			483,860			—			483,860
Selling and general expenses	—			14,578			33,305			—			47,883
Other operating expense (income), net	—			3,275			(29,786		)	—			(26,511		)
	—			17,853			487,379			—			505,232
OPERATING (LOSS) INCOME	—			(17,853		)	116,142			—			98,289
Interest expense	(13,247		)	(23,571		)	(7,430		)	—			(44,248		)
Interest and miscellaneous income (expense), net	9,186			(3,100		)	(15,285		)	—			(9,199		)
Equity in income from subsidiaries	103,398			138,719			—			(242,117		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	99,337			94,195			93,427			(242,117		)	44,842
Income tax benefit	—			9,203			398			—			9,601
INCOME FROM CONTINUING OPERATIONS	99,337			103,398			93,825			(242,117		)	54,443
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			43,403			—			43,403
NET INCOME	99,337			103,398			137,228			(242,117		)	97,846
Less: Net loss attributable to noncontrolling interest	—			—			(1,491		)	—			(1,491		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	99,337			103,398			138,719			(242,117		)	99,337
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(11,525		)	(11,527		)	(15,847		)	23,052			(15,847		)
New Zealand joint venture cash flow hedges	(1,206		)	(1,206		)	(1,855		)	2,412			(1,855		)
Actuarial change and amortization of pension and postretirement plan liabilities	54,046			54,046			88,174			(142,220		)	54,046
Total other comprehensive income	41,315			41,313			70,472			(116,756		)	36,344
COMPREHENSIVE INCOME	140,652			144,711			207,700			(358,873		)	134,190
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(6,462		)	—			(6,462		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$140,652			$144,711			$214,162			($358,873	)		$140,652



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2013
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$659,718		—				$659,718
Costs and Expenses
Cost of sales	—			—			530,772			—			530,772
Selling and general expenses	—			9,821			45,612			—			55,433
Other operating (income) expense, net	(1,701		)	4,730			(21,516		)	—			(18,487		)
	(1,701		)	14,551			554,868			—			567,718
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(14,551		)	105,412			—			92,562
Gain related to consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(14,551		)	121,510			—			108,660
Interest expense	(13,088		)	(28,430		)	577			—			(40,941		)
Interest and miscellaneous income (expense), net	9,828			(4,297		)	(3,092		)	—			2,439
Equity in income from subsidiaries	373,455			407,722			—			(781,177		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	371,896			360,444			118,995			(781,177		)	70,158
Income tax benefit	—			13,011			22,674			—			35,685
INCOME FROM CONTINUING OPERATIONS	371,896			373,455			141,669			(781,177		)	105,843
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			267,955			—			267,955
NET INCOME	371,896			373,455			409,624			(781,177		)	373,798
Less: Net income attributable to noncontrolling interest	—			—			1,902			—			1,902
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	371,896			373,455			407,722			(781,177		)	371,896
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(1,915		)	(1,915		)	(5,710		)	3,830			(5,710		)
New Zealand joint venture cash flow hedges	3,286			3,286			3,629			(6,572		)	3,629
Actuarial change and amortization of pension and postretirement plan liabilities	61,869			61,869			20,589			(82,458		)	61,869
Total other comprehensive income	63,240			63,240			18,508			(85,200		)	59,788
COMPREHENSIVE INCOME	435,136			436,695			428,132			(866,377		)	433,586
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(1,550		)	—			(1,550		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$435,136			$436,695			$429,682			($866,377	)		$435,136



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$2,472			$13,217			$36,088		—				$51,777
Accounts receivable, less allowance for doubtful accounts	—			1,870			18,352			—			20,222
Inventory	—			—			15,351			—			15,351
Prepaid logging roads	—			—			10,563			—			10,563
Prepaid expenses	—			443			1,648			—			2,091
Other current assets	—			4,876			805			—			5,681
Total current assets	2,472			20,406			82,807			—			105,685
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—			—			2,066,780			—			2,066,780
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	—			—			65,450			—			65,450
NET PROPERTY, PLANT AND EQUIPMENT	—			330			6,412			—			6,742
INVESTMENT IN SUBSIDIARIES	1,321,681			2,212,405			—			(3,534,086		)	—
INTERCOMPANY RECEIVABLE	34,567			(610,450		)	575,883			—			—
OTHER ASSETS	2,305			19,741			52,560			—			74,606
TOTAL ASSETS		$1,361,025			$1,642,432			$2,849,892			($3,534,086	)		$2,319,263
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable		$609			$1,463			$19,407		—				$21,479
Accrued taxes	—			(10		)	3,695			—			3,685
Accrued payroll and benefits	—			3,594			3,443			—			7,037
Accrued interest	3,047			666			2,440			—			6,153
Other current liabilities	—			262			20,841			—			21,103
Total current liabilities	3,656			5,975			49,826			—			59,457
LONG-TERM DEBT	325,000			282,000			226,879			—			833,879
PENSION AND OTHER POSTRETIREMENT BENEFITS	—			34,822			(685		)	—			34,137
OTHER NON-CURRENT LIABILITIES	—			16,914			13,136			—			30,050
INTERCOMPANY PAYABLE	(255,715		)	(18,960		)	274,675			—			—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,288,084			1,321,681			2,212,405			(3,534,086		)	1,288,084
Noncontrolling interest	—			—			73,656			—			73,656
TOTAL SHAREHOLDERS’ EQUITY	1,288,084			1,321,681			2,286,061			(3,534,086		)	1,361,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,361,025			$1,642,432			$2,849,892			($3,534,086	)		$2,319,263



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2014
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$102,218		$8,105		$51,235		—				$161,558
Accounts receivable, less allowance for doubtful accounts	—		1,409		22,609			—			24,018
Inventory	—		—		8,383			—			8,383
Prepaid logging roads	—		—		12,665			—			12,665
Prepaid expenses	—		1,926		3,123			—			5,049
Other current assets	—		83		1,948			—			2,031
Total current assets	102,218		11,523		99,963			—			213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,088,501			—			2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	—		—		77,433			—			77,433
NET PROPERTY, PLANT AND EQUIPMENT	—		433		6,273			—			6,706
INVESTMENT IN SUBSIDIARIES	1,463,303		2,053,911		—			(3,517,214		)	—
INTERCOMPANY RECEIVABLES	248,233		21,500		—			(269,733		)	—
OTHER ASSETS	2,763		18,369		45,639			—			66,771
TOTAL ASSETS		$1,816,517		$2,105,736		$2,317,809			($3,786,947	)		$2,453,115
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	—			$2,810		$17,401		—				$20,211
Current maturities of long-term debt	—		129,706		—			—			129,706
Accrued taxes	—		11		11,394			—			11,405
Accrued payroll and benefits	—		3,253		3,137			—			6,390
Accrued interest	3,047		2,517		31,281			(28,412		)	8,433
Other current liabilities	—		1,073		24,784			—			25,857
Total current liabilities	3,047		139,370		87,997			(28,412		)	202,002
LONG-TERM DEBT	325,000		31,000		265,849			—			621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		34,161		(684		)	—			33,477
OTHER NON-CURRENT LIABILITIES	—		6,436		14,200			—			20,636
INTERCOMPANY PAYABLE	—		431,466		(153,754		)	(277,712		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,488,470		1,463,303		2,017,520			(3,480,823		)	1,488,470
Noncontrolling interest	—		—		86,681			—			86,681
TOTAL SHAREHOLDERS’ EQUITY	1,488,470		1,463,303		2,104,201			(3,480,823		)	1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,816,517		$2,105,736		$2,317,809			($3,786,947	)		$2,453,115



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments		Total Consolidated
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		($4,890	)		($21,421	)		$203,475		—			$177,164
INVESTING ACTIVITIES
Capital expenditures	—			(78		)	(57,215		)	—		(57,293		)
Real estate development investments	—			—			(2,676		)	—		(2,676		)
Strategic purchase of timberlands and other	—			—			(98,409		)	—		(98,409		)
Proceeds from settlement of foreign currency hedge	—			—			2,804			—		2,804
Change in restricted cash	—			—			(16,836		)	—		(16,836		)
Investment in subsidiaries	—			126,242			—			(126,242	)	—
Other	—			—			6,101			—		6,101
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			126,164			(166,231		)	(126,242	)	(166,309		)
FINANCING ACTIVITIES
Issuance of debt	61,000			353,000			58,558			—		472,558
Repayment of debt	(61,000		)	(232,973		)	(70,429		)	—		(364,402		)
Dividends paid	(124,936		)	—			—			—		(124,936		)
Proceeds from the issuance of common shares	2,117			—			—			—		2,117
Proceeds from repurchase of common shares	(100,000		)	—			—			—		(100,000		)
Debt issuance costs	—			(1,678		)	—			—		(1,678		)
Issuance of intercompany notes	(35,500		)	—			35,500			—		—
Intercompany distributions	163,585			(217,980		)	(71,847		)	126,242		—
Other	(122		)	—			—			—		(122		)
CASH USED FOR FINANCING ACTIVITIES	(94,856		)	(99,631		)	(48,218		)	126,242		(116,463		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(4,173		)	—		(4,173		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(99,746		)	5,112			(15,147		)	—		(109,781		)
Balance, beginning of year	102,218			8,105			51,235			—		161,558
Balance, end of year		$2,472			$13,217			$36,088		—			$51,777



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2014
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES		$269,653			$293,193			$47,727			($290,157	)		$320,416
INVESTING ACTIVITIES
Capital expenditures	—			(400		)	(63,313		)	—			(63,713		)
Capital expenditures from discontinued operations	—			—			(60,955		)	—			(60,955		)
Real estate development investments	—			—			(3,674		)	—			(3,674		)
Strategic purchase of timberlands and other	—			—			(130,896		)	—			(130,896		)
Change in restricted cash	—			—			62,256			—			62,256
Investment in subsidiaries	—			798,875			—			(798,875		)	—
Other	—			—			306			—			306
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			798,475			(196,276		)	(798,875		)	(196,676		)
FINANCING ACTIVITIES
Issuance of debt	—			201,000			1,225,464			—			1,426,464
Repayment of debt	—			(1,002,500		)	(287,137		)	—			(1,289,637		)
Dividends paid	(257,517		)	—			—			—			(257,517		)
Proceeds from the issuance of common shares	5,579			—			—			—			5,579
Proceeds from repurchase of common shares	(1,858		)	—			—			—			(1,858		)
Debt issuance costs	—			—			(12,380		)	—			(12,380		)
Net cash disbursed upon spin-off of Performance Fibers business	(31,420		)	—			—			—			(31,420		)
Issuance of intercompany notes	(12,400		)	—			12,400			—			—
Intercompany distributions	—			(293,086		)	(795,946		)	1,089,032			—
Other	—			—			(680		)	—			(680		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(297,616		)	(1,094,586		)	141,721			1,089,032			(161,449		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(377		)	—			(377		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(27,963		)	(2,918		)	(7,205		)	—			(38,086		)
Balance, beginning of year	130,181			11,023			58,440			—			199,644
Balance, end of year		$102,218			$8,105			$51,235		—				$161,558



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2013
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES		$407,712			$417,074			$493,382			($771,375	)		$546,793
INVESTING ACTIVITIES
Capital expenditures	—			(663		)	(62,540		)	—			(63,203		)
Capital expenditures from discontinued operations	—			—			(103,092		)	—			(103,092		)
Real estate development investments	—			—			(1,292		)	—			(1,292		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Strategic purchase of timberlands and other	—			—			(20,401		)	—			(20,401		)
Proceeds from settlement of foreign currency hedge	—			1,701			—			—			1,701
Jesup mill cellulose specialties expansion	—			—			(148,262		)	—			(148,262		)
Proceeds from disposition of Wood Products business	—			—			62,720			—			62,720
Change in restricted cash	—			—			(58,385		)	—			(58,385		)
Investment in subsidiaries	(138,178		)	(385,292		)	—			523,470			—
Other	—			—			(447		)	—			(447		)
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(384,254		)	(471,578		)	523,470			(470,540		)
FINANCING ACTIVITIES
Issuance of debt	175,000			390,000			57,885			—			622,885
Repayment of debt	(325,000		)	(151,525		)	(72,960		)	—			(549,485		)
Dividends paid	(237,016		)	—			—			—			(237,016		)
Proceeds from the issuance of common shares	10,101			—			—			—			10,101
Excess tax benefits on stock-based compensation	—			—			8,413			—			8,413
Proceeds from repurchase of common shares	(11,326		)	—			—			—			(11,326		)
Issuance of intercompany notes	(4,000		)	—			4,000			—			—
Intercompany distributions	—			(283,596		)	35,691			247,905			—
Other	—			—			(713		)	—			(713		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(392,241		)	(45,121		)	32,316			247,905			(157,141		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(64		)	—			(64		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(122,707		)	(12,301		)	54,056			—			(80,952		)
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of year		$130,181			$11,023			$58,440		—				$199,644

Schedule II - Valuation and Qualifying Accounts

12 Months Ended

Dec. 31, 2015

Valuation and Qualifying Accounts [Abstract]

Schedule II - Valuation and Qualifying Accounts

SCHEDULE II—VALUATION AND QUALIFYING ACCOUNTS

Years Ended December 31, 2015, 2014, and 2013

(In Thousands)



Description	Balance at Beginning of Year		Additions Charged to Cost and Expenses			Deductions			Balance at End of Year
Allowance for doubtful accounts:
Year ended December 31, 2015		$42	—			—				$42
Year ended December 31, 2014	673		134			(765	)	(a)	42
Year ended December 31, 2013	417		855		(b)	(599	)	(c)	673

Deferred tax asset valuation allowance:
Year ended December 31, 2015		$13,644		$4,604	(d)	—				$18,248
Year ended December 31, 2014	33,889		13,289		(e)	(33,534	)	(f)	13,644
Year ended December 31, 2013	19,294		14,595		(g)	—			33,889


(a)	The 2014 decrease is largely related to the spin-off of the Performance Fibers business.


(b)	The 2013 increase is primarily related to the consolidation of the New Zealand JV.


(c)	The deductions are primarily payments and adjustments to required reserves.


(d)	The 2015 increase is comprised of valuation allowance against the TRS deferred tax assets and the CBPC provision to return adjustment.


(e)	The 2014 increase is primarily related to the Company’s limited potential use of the CBPC prior to its expiration in 2017.


(f)	The decrease is primarily related to deferred tax assets contributed to Rayonier Advanced Materials in the spin-off. The decrease also reflects the utilization and expiration of RNZ NOL carryforwards, of which $355 thousand was recorded as income tax expense.


(g)	The 2013 increase is primarily Georgia investment tax credits earned on the CSE project.

Summary of Significant Accounting Policies (Policies)

12 Months Ended

Dec. 31, 2015

Accounting Policies [Abstract]

Basis of Presentation and Principles of Consolidation

Use of Estimates

Cash and Cash Equivalents

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

Accounts Receivable

Accounts receivable are primarily amounts due to the Company for the sale of timber and are presented net of an allowance for doubtful accounts.

Inventory

Inventory also includes logs available to be sold by the Trading segment.

Prepaid Logging Roads

Timber and Timberlands

Higher and Better Use Timberlands and Real Estate Development Investments

Property, Plant, Equipment and Depreciation

Fair Value Measurements

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

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.

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.

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 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.

Fair Value of Financial Instruments

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

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

Level 2 — Observable inputs other than quoted prices included in Level 1.

Level 3 — Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities.

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

Level 1 — Net asset value in an observable market.

Level 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.

Goodwill

Foreign Currency Translation

Revenue Recognition

Timber Sales

Non-timber income included in “Other Operating Income, Net” is primarily comprised of hunting and recreational leases. Lease income is recognized ratably over the period of the lease.

Log Trading

Real Estate

Employee Benefit Plans

Income Taxes

Reclassifications

The following summarizes reclassifications at December 31, 2015:


•	Seeds and seedlings have been reclassified on the Consolidated Balance Sheet from “Inventory” and “Other Assets” to “Timber and Timberlands, Net” to better reflect the intended use of the assets. As of December 31, 2015 and 2014, seeds and seedlings were $5.5 million and $4.8 million, respectively.


•	HBU timberlands and real estate development investments have been reclassified on the Consolidated Balance Sheet from “Other Assets” to a separate balance sheet caption. As of December 31, 2015 and 2014, the cost of Rayonier’s HBU real estate not expected to be sold within the next 12 months was $65.4 million and $77.4 million, respectively.

•


•	Silvicultural expenditures on Rayonier’s HBU real estate have been reclassified on the Consolidated Statement of “Cash Flows from Cash Provided by Operating Activities” to “Cash Used for Investing Activities.” For the years ended December 31, 2015 and 2014, silvicultural expenditures on Rayonier’s HBU property were $0.3 million and $0.2 million, respectively.

New or Recently Adopted Accounting Pronouncements

Segment Reporting

Equity Method Investments

Earnings Per Share

Derivatives

Derivatives, Offsetting Fair Value Amounts

Share-based Compensation, Option and Incentive Plans

Non-Qualified Employee Stock Options

Performance Share Units

Performance share awards outstanding as of the spin-off were treated as follows:

•


•	Performance share awards granted in 2013 (with a 2013-2015 performance period) were cancelled as of the distribution date and were replaced with time-vested restricted stock of the post-separation employer of each holder, as discussed in the Restricted Stock section above.

•

Restricted Stock

Restricted stock was impacted by the spin-off as follows:

•

Debt

Debt issuance costs are capitalized and amortized to interest expense over the term of the debt to which they relate using a method that approximates the interest method.

Internal Use Software

Software costs are capitalized and amortized over a period not exceeding five years using the straight-line method.

Discontinued Operations

Accordingly, the operating results of the Wood Products business, formerly disclosed as a separate reportable segment, are classified as discontinued operations in the Company’s Consolidated Statements of Income and Comprehensive Income for the year ended December 31, 2013.

Interest Expense Allocated to Discontinued Operations

Timberland Acquisitions (Tables)

12 Months Ended

Dec. 31, 2015

Property, Plant and Equipment [Abstract]

Timberland Acquisitions

The following table summarizes the timberland acquisitions at December 31, 2015 and 2014:



	2015			2014
	Cost		Acres	Cost		Acres
Alabama	—		—		$41,453	18,113
Florida	5,031		3,428	22,157		15,774
Georgia	1,495		1,443	46,525		16,573
Louisiana	47,840		24,494	—		—
Mississippi	42		40	—		—
Oregon	34,052		5,578	—		—
Texas	—		—	17,960		10,900
Washington	—		—	1,878		438
New Zealand (a)	9,949		1,767	923		546
Total Acquisitions		$98,409	36,750		$130,896	62,344


(a)	The 2015 New Zealand transaction represents the purchase of a forestry right.

Segment and Geographical Information (Tables)

12 Months Ended

Dec. 31, 2015

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Segment information for each of the three years ended December 31, 2015 follows:



	Sales
	2015		2014			2013
Southern Timber		$139,093		$141,833			$123,804
Pacific Northwest Timber	76,488		102,232			110,494
New Zealand Timber	161,570		182,421			147,716
Real Estate (a)	86,493		77,281			148,955
Trading	81,230		103,678			131,711
Intersegment Eliminations	—		(3,924		)	(2,962		)
Total		$544,874		$603,521			$659,718


(a)	2013 included a fourth quarter sale of approximately 128,000 acres of New York timberlands for $57.3 million.



	Operating Income/(Loss)
	2015			2014			2013
Southern Timber		$46,669			$45,651			$37,847
Pacific Northwest Timber	6,917			29,539			32,669
New Zealand Timber	2,775			9,474			10,566
Real Estate	44,263			47,474			55,894
Trading	1,247			1,687			1,823
Corporate and other (a)	(24,087		)	(35,536		)	(30,139		)
Total Operating Income	77,784			98,289			108,660
Unallocated interest expense and other	(34,702		)	(53,447		)	(38,502		)
Total income from continuing operations before income taxes		$43,082			$44,842			$70,158


(a)	2013 included a $16.2 million gain related to the consolidation of the New Zealand JV. See Note 7 — Joint Venture Investment.



	Gross Capital Expenditures
	2015		2014		2013
Capital Expenditures (a)
Southern Timber		$33,245		$36,033		$38,093
Pacific Northwest Timber	8,515		9,742		8,404
New Zealand Timber	15,143		17,344		16,030
Real Estate	313		195		366
Trading	—		—		—
Corporate and other	77		399		310
Total capital expenditures		$57,293		$63,713		$63,203

Timberland Acquisitions
Southern Timber		$54,408		$125,650		$20,364
Pacific Northwest Timber	34,052		1,878		—
New Zealand Timber (b)	9,949		923		139,879
Real Estate	—		2,445		37
Trading	—		—		—
Corporate and other	—		—		—
Total timberland acquisitions		$98,409		$130,896		$160,280

Total Gross Capital Expenditures		$155,702		$194,609		$223,483


(a)	Excludes timberland acquisitions presented separately.


(b)	Includes $139.9 million related to the purchase price of the additional 39 percent JV interest acquired in 2013. See Note 7 — Joint Venture Investment for additional information.



	Depreciation, Depletion and Amortization
	2015		2014		2013
Southern Timber		$54,299		$52,307		$49,402
Pacific Northwest Timber	14,842		21,282		21,371
New Zealand Timber	29,741		32,161		27,650
Real Estate	14,533		13,355		17,365
Trading	—		—		—
Corporate and other	293		875		1,066
Total		$113,708		$119,980		$116,854



	Non-Cash Cost of Land and Real Estate Sold
	2015		2014		2013
Southern Timber	—		—		—
Pacific Northwest Timber	—		—		—
New Zealand Timber	467		4,328		—
Real Estate	12,042		8,936		10,212
Trading	—		—		—
Corporate and other	—		—		—
Total		$12,509		$13,264		$10,212



	Sales by Product Line
	2015		2014			2013
Southern Timber		$139,093		$141,833			$123,804
Pacific Northwest Timber	76,488		102,232			110,494
New Zealand Timber	161,570		182,421			147,716
Real Estate
Improved Development	2,610		—			1,568
Unimproved Development	6,399		4,794			2,839
Rural	22,653		40,954			27,471
Non-Strategic / Timberlands	54,831		9,533			37,049
Large Dispositions (a)	—		22,000			80,028
Total Real Estate	86,493		77,281			148,955
Trading	81,230		103,678			131,711
Intersegment eliminations	—		(3,924		)	(2,962		)
Total Sales		$544,874		$603,521			$659,718


(a)	2013 included a fourth quarter sale of approximately 128,000 acres of New York timberlands for $57.3 million.



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2015		2014		2013		2015		2014		2013		2015		2014
United States		$302,074		$317,422		$380,575		$73,749		$87,116		$80,158		$1,826,462		$1,884,585
New Zealand (a)	242,800		286,099		279,143		4,035		11,173		28,502		492,801		568,530
Total		$544,874		$603,521		$659,718		$77,784		$98,289		$108,660		$2,319,263		$2,453,115

Schedule of Disclosure on Geographic Areas, Long-Lived Assets in Individual Foreign Countries by Country



	Geographical Operating Information
	Sales						Operating Income						Identifiable Assets
	2015		2014		2013		2015		2014		2013		2015		2014
United States		$302,074		$317,422		$380,575		$73,749		$87,116		$80,158		$1,826,462		$1,884,585
New Zealand (a)	242,800		286,099		279,143		4,035		11,173		28,502		492,801		568,530
Total		$544,874		$603,521		$659,718		$77,784		$98,289		$108,660		$2,319,263		$2,453,115


(a)	2013 included a $16.2 million operating income gain from the consolidation of the New Zealand JV. See Note 7 — Joint Venture Investment.

Debt (Tables)

12 Months Ended

Dec. 31, 2015

Debt Disclosure [Abstract]

Schedule of Long-term Debt Instruments

Rayonier’s debt consisted of the following at December 31, 2015 and 2014:



	2015		2014
Senior Notes due 2022 at a fixed interest rate of 3.75%		$325,000		$325,000
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50%	—		129,706
Mortgage notes due 2017 at fixed interest rates of 4.35% (a)	42,638		53,801
Solid waste bonds due 2020 at a variable interest rate of 1.3% at December 31, 2015	15,000		15,000
Revolving Credit Facility borrowings at a variable interest rate of 1.34% at December 31, 2014	—		16,000
Revolving Credit Facility borrowings due 2020 at a variable interest rate of 1.6% at December 31, 2015	97,000		—
Term Credit Agreement borrowings due 2024 at a variable interest rate of 1.9% at December 31, 2015	170,000		—
New Zealand JV Revolving Credit Facility due 2016 at a variable interest rate of 3.54% at December 31, 2015	160,999		184,099
New Zealand JV Noncontrolling interest shareholder loan at 0% interest rate	23,242		27,949
Total debt	833,879		751,555
Less: Current maturities of long-term debt	—		(129,706		)
Long-term debt		$833,879		$621,849

Schedule of Maturities of Long-term Debt

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



2016 (a)		$160,999
2017 (b)	42,000
2018	—
2019	—
2020	112,000
Thereafter	518,242
Total debt		$833,241


(a)	The Company will refinance this debt in 2016 with proceeds from the term loan facility.


(b)	The mortgage notes due in 2017 were recorded at a premium of $0.6 million and $1.3 million as of December 31, 2015 and 2014, respectively. Upon maturity the liability will be $42 million.

Schedule of Convertible Debt

The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2014 are as follows:



	2014
Liabilities:
Principal amount of debt
4.50% Senior Exchangeable Notes		$130,973
Unamortized discount (a)
4.50% Senior Exchangeable Notes	(1,267		)
Net carrying amount of debt		$129,706
Equity:
Common stock		$8,850

(a) The discount for the 4.50% notes was amortized through August 2015.

Schedule of Interest Related to Convertible Debt

The amount of interest related to the convertible debt recognized in the Consolidated Statements of Income and Comprehensive Income for the years December 31, 2015, 2014 and 2013 is as follows:



	2015		2014		2013
Contractual interest coupon
4.50% Senior Exchangeable Notes		$3,438		$5,930		$7,271
Amortization of debt discount
4.50% Senior Exchangeable Notes	1,267		1,957		2,281
Total interest expense recognized		$4,705		$7,887		$9,552

- 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=34725769&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

+ Details

Higher and Better Use Timberlands and Real Estate Development Costs (Tables)

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Schedule of Higher and Better Use Timberlands and Real Estate Development Costs

An analysis of higher and better use timberlands and real estate development costs from December 31, 2014 to December 31, 2015 is shown below:



	Higher and Better Use Timberlands and Real Estate Development Investments
	Land and Timber			Development Investments			Total
Non-current portion at December 31, 2014		$65,959			$11,474			$77,433
Plus: Current portion (a)	4,875			57			4,932
Total Balance at December 31, 2014	70,834			11,531			82,365
Non-cash cost of land and real estate sold	(5,101		)	(344		)	(5,445		)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(4,820		)	—			(4,820		)
Capitalized real estate development investments	—			2,676			2,676
Capital expenditures (silviculture)	308			—			308
Intersegment transfers	2,695			—			2,695
Other	—			(77		)	(77		)
Total Balance at December 31, 2015	63,916			13,786			77,702
Less: Current portion (a)	(6,019		)	(6,233		)	(12,252		)
Non-current portion at December 31, 2015		$57,897			$7,553			$65,450


(a)	The current portion of Higher and Better Use Timberlands and Real Estate Development Investments is recorded in Inventory. See Note 18 — Inventory for additional information.

Joint Venture Investment (Tables)

12 Months Ended

Dec. 31, 2015

Business Combinations [Abstract]

Summary of Pro Forma information

The following represents the pro forma (unaudited) consolidated sales and net income for the three years ended December 31, 2015 as if the additional interest in the New Zealand JV had been acquired on January 1, 2013.



	2015		2014		2013
Sales		$544,874		$603,521		$1,742,348
Net Income	43,941		97,846		372,039

Commitments (Tables)

12 Months Ended

Dec. 31, 2015

Commitments and Contingencies Disclosure [Abstract]

Schedule of Future Minimum Rental Payments for Operating Leases

At December 31, 2015, the future minimum payments under non-cancellable operating and timberland leases were as follows:



	Operating Leases		Timberland Leases (a)		Purchase Obligations (b)		Total
2016		$1,865		$11,174		$7,253		$20,292
2017	1,444		10,873		6,023		18,340
2018	736		9,372		5,585		15,693
2019	606		8,874		4,114		13,594
2020	521		8,432		3,455		12,408
Thereafter (c)	1,584		161,101		15,057		177,742
		$6,756		$209,826		$41,487		$258,069


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


(b)	Purchase obligations include payments expected to be made on derivative financial instruments (foreign exchange contracts and interest rate swaps) and standby letters of credit fees for industrial revenue bonds.


(c)	Includes 20 years of future minimum payments for perpetual Crown Forest Licenses (“CFL”).

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit)

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



	2015			2014			2013
Current
U.S. federal		($624	)		$27,521			$27,338
State	226			1,353			1,462
Foreign	(308		)	—			(261		)
	(706		)	28,874			28,539
Deferred
U.S. federal	3,702			(7,260		)	22,649
State	107			(357		)	1,211
Foreign	2,360			1,633			(2,119		)
	6,169			(5,984		)	21,741
Changes in valuation allowance	(4,604		)	(13,289		)	(14,595		)
Total		$859			$9,601			$35,685

Schedule of Effective Income Tax Rate Reconciliation

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



	2015					2014					2013
U.S. federal statutory income tax rate		($15,079	)	35.0	%		($15,695	)	35.0	%		($24,555	)	35.0	%
U.S. and foreign REIT income and U.S. TRS taxable losses	19,446			(45.1	)	32,058			(71.5	)	52,812			(75.3	)
U.S. net deferred tax asset valuation allowance	(3,607		)	8.4		—			—		—			—
Foreign TRS operations	1,097			(2.6	)	(159		)	0.4		(95		)	0.1
Loss on early redemption of Senior Exchangeable Notes	—			—		—			—		(859		)	1.2
Other	5			—		112			(0.3	)	101			(0.1	)
Income tax benefit before discrete items	1,862			(4.3	)	16,316			(36.4	)	27,404			(39.1	)
CBPC valuation allowance	(997		)	2.3		(13,644		)	30.4		—			—
Deferred tax inventory valuations	—			—		5,151			(11.5	)	983			(1.4	)
Uncertain tax positions	—			—		1,830			(4.1	)	800			(1.1	)
Gain related to consolidation of New Zealand joint venture	—			—		—			—		5,634			(8.0	)
Reversal of REIT BIG tax payable	—			—		—			—		485			(0.7	)
Other	(6		)	—		(52		)	0.2		379			(0.6	)
Income tax benefit as reported for continuing operations		$859		(2.0	)%		$9,601		(21.4	)%		$35,685		(50.9	)%

Schedule of Deferred Tax Assets and Liabilities

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



	2015			2014
Gross deferred tax assets:
Pension, postretirement and other employee benefits		$1,040			$1,994
New Zealand JV	65,078			71,482
CBPC Tax Credit Carry Forwards (a)	14,641			13,644
Capitalized real estate costs	9,378			9,554
U.S. TRS Net Operating Loss	2,327			—
Other	7,050			8,067
Total gross deferred tax assets	99,514			104,741
Less: Valuation allowance	(18,248		)	(13,644		)
Total deferred tax assets after valuation allowance		$81,266			$91,097
Gross deferred tax liabilities:
Accelerated depreciation	(1,357		)	(1,796		)
Repatriation of foreign earnings	(7,251		)	(8,817		)
New Zealand JV	(68,551		)	(78,008		)
Timber installment sale	(7,511		)	(7,511		)
Other	(311		)	(1,304		)
Total gross deferred tax liabilities	(84,981		)	(97,436		)
Net deferred tax (liability)/asset		($3,715	)		($6,339	)

Noncurrent portion of deferred tax asset (b)	—			8,057
Current portion of deferred tax liability (b)	—			(7,893		)
Noncurrent portion of deferred tax liability (b)	(3,715		)	(6,503		)
Net deferred tax (liability)/asset		($3,715	)		($6,339	)


(a)	In 2015, a $1.0 million return to accrual adjustment was made in conjunction with the filing of the Company’s 2014 U.S. federal income tax return.


(b)	Rayonier adopted ASU No. 2015-17, which requires deferred tax assets and liabilities to be classified as noncurrent, in its Consolidated Balance Sheet as of December 31, 2015. Deferred tax assets and liabilities as of December 31, 2014 have not been retrospectively adjusted.

Summary of Operating Loss and Tax Credit Carryforwards

Included above are the following foreign net operating loss (“NOL”) and tax credit carryforwards as of December 31, 2015:



Item	Gross Amount		Valuation Allowance			Expiration
New Zealand JV NOL Carryforwards		$232,846	—			None
U.S. Net Deferred Tax Asset	3,607		(3,607		)	None
Cellulosic Biofuel Producer Credit (a)	14,641		(14,641		)	2019
Total Valuation Allowance				($18,248	)


(a)	In 2015, a $1.0 million return to accrual adjustment was made in conjunction with the filing of the Company’s 2014 U.S. federal income tax return.

Summary of Income Tax Contingencies

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



	2015		2014			2013
Balance at January 1,	—			$10,547			$6,580
Decreases related to prior year tax positions	—		(10,547		)	(800		)
Increases related to prior year tax positions	135		—			4,767
Balance at December 31,		$135	—				$10,547

Summary of Income Tax Examinations

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



Taxing Jurisdiction	Open Tax Years
U.S. Internal Revenue Service	2012 - 2015
New Zealand Inland Revenue	2011 - 2015

Guarantees (Tables)

12 Months Ended

Dec. 31, 2015

Guarantees [Abstract]

Schedule of Guarantor Obligations



Financial Commitments	Maximum Potential Payment		Carrying Amount of Liability
Standby letters of credit (a)		$16,685		$15,000
Guarantees (b)	2,254		43
Surety bonds (c)	896		—
Total financial commitments		$19,835		$15,043


(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. These letters of credit will expire at various dates during 2016 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 in 2016 and 2017 and are expected to be renewed as required.

Earnings Per Common Share (Tables)

12 Months Ended

Dec. 31, 2015

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

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



	2015			2014			2013
Income from continuing operations		$43,941			$54,443			$105,843
Less: Net (loss) income from continuing operations attributable to noncontrolling interest	(2,224		)	(1,491		)	1,902
Income from continuing operations attributable to Rayonier Inc.		$46,165			$55,934			$103,941

Income from discontinued operations attributable to Rayonier Inc.	—				$43,403			$267,955

Net income attributable to Rayonier Inc.		$46,165			$99,337			$371,896

Shares used for determining basic earnings per common share	125,385,085			126,458,710			125,717,311
Dilutive effect of:
Stock options	116,792			323,125			463,949
Performance and restricted shares	39,863			149,292			158,319
Assumed conversion of Senior Exchangeable Notes (a)	358,449			2,149,982			1,965,177
Assumed conversion of warrants (a)	—			1,957,154			1,800,345
Shares used for determining diluted earnings per common share	125,900,189			131,038,263			130,105,101
Basic earnings per common share attributable to Rayonier Inc.:
Continuing operations		$0.37			$0.44			$0.83
Discontinued operations	—			0.34			2.13
Net income		$0.37			$0.78			$2.96
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing operations		$0.37			$0.43			$0.80
Discontinued operations	—			0.33			2.06
Net income		$0.37			$0.76			$2.86

(a)

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share



	2015	2014	2013
Anti-dilutive shares excluded from the computations of diluted earnings per share:
Stock options, performance and restricted shares	897,800	461,663	337,145
Assumed conversion of exchangeable note hedges (a)	358,449	2,149,982	1,965,177
Total	1,256,249	2,611,645	2,302,322

(a)

Derivative Financial Instruments and Hedging Activities (Tables)

12 Months Ended

Dec. 31, 2015

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Schedule of derivatives on the Consolidated Statements of Income and Comprehensive Income

The following table demonstrates the impact of the Company’s derivatives on the Consolidated Statements of Income and Comprehensive Income for the years ended December 31, 2015, 2014 and 2013.



	Location on Statement of Income and Comprehensive Income	2015			2014			2013
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other comprehensive (loss) income		($205	)		($1,069	)		$950
	Other operating (income) expense	—			—			652
Foreign currency option contracts	Other comprehensive (loss) income	370			(1,647		)	460
Interest rate swaps	Other comprehensive (loss) income	(10,197		)	—			—

Derivatives designated as a net investment hedge:
Foreign currency exchange contract	Other comprehensive (loss) income	2,875			(145		)	—
Foreign currency option contracts	Other comprehensive (loss) income	4,606			—			—

Derivatives not designated as hedging instruments:
Foreign currency exchange contracts	Other operating expense (income)	—			25			(1,607		)
Foreign currency option contracts	Other operating expense (income)	1,394			7			1,147
Interest rate swaps	Interest and miscellaneous (expense) income	(4,391		)	(5,882		)	6,085
Fuel hedge contracts	Cost of sales (benefit)	—			160			(255		)

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 December 31, 2015 and 2014:



	Notional Amount
	2015		2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts		$21,250		$28,540
Foreign currency option contracts	107,200		79,400
Interest rate swaps	350,000		—

Derivatives designated as a net investment hedge:
Foreign currency exchange contract	—		27,419
Foreign currency option contracts	331,588		—

Derivatives not designated as hedging instruments:
Interest rate swaps	130,169		161,968

Schedule of Derivative Instruments in Statement of Financial Position



		Fair Value Assets (Liabilities) (a)
	Location on Balance Sheet	2015			2014
Derivatives designated as cash flow hedges:
Foreign currency exchange contracts	Other current assets		$43			$132
	Other assets	—			59
	Other current liabilities	(1,449		)	(272		)
	Other non-current liabilities	(219		)	—
Foreign currency option contracts	Other current assets	560			299
	Other assets	408			198
	Other current liabilities	(1,393		)	(1,439		)
	Other non-current liabilities	(217		)	(196		)
Interest rate swaps	Other non-current liabilities	(10,197		)	—

Derivatives designated as a net investment hedge:
Foreign currency exchange contract	Other current liabilities	—			(223		)
Foreign currency option contracts	Other current assets	4,630			—
	Other current liabilities	(24		)	—

Derivatives not designated as hedging instruments:
Interest rate swaps	Other non-current liabilities	(8,047		)	(7,247		)

Total derivative contracts:
Other current assets			$5,233			$431
Other assets		408			257
Total derivative assets			$5,641			$688

Other current liabilities		(2,866		)	(1,934		)
Other non-current liabilities		(18,680		)	(7,443		)
Total derivative liabilities			($21,546	)		($9,377	)


(a)	See Note 14 — 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)

12 Months Ended

Dec. 31, 2015

Fair Value Disclosures [Abstract]

Fair Value, by Balance Sheet Grouping



	December 31, 2015							December 31, 2014
Asset (liability) (a)	Carrying Amount			Fair Value				Carrying Amount			Fair Value
				Level 1		Level 2					Level 1		Level 2
Cash and cash equivalents		$51,777			$51,777	—			$161,558			$161,558	—
Restricted cash (b)	23,525			23,525		—		6,688			6,688		—
Current maturities of long-term debt	—			—		—		(129,706		)	—		(156,762	)
Long-term debt	(833,879		)	—		(830,203	)	(621,849		)	—		(628,476	)
Interest rate swaps (c)	(18,244		)	—		(18,244	)	(7,247		)	—		(7,247	)
Foreign currency exchange contracts (c)	(1,625		)	—		(1,625	)	(304		)	—		(304	)
Foreign currency option contracts (c)	3,964			—		3,964		(1,138		)	—		(1,138	)


(a)	The Company did not have Level 3 assets or liabilities at December 31, 2015.


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


(c)	See Note 13 — Derivative Financial Instruments and Hedging Activities for information regarding the Balance Sheet classification of the Company’s derivative financial instruments.

Employee Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2015

Compensation and Retirement Disclosure [Abstract]

Schedule of Changes in Projected Benefit Obligations



	Pension						Postretirement
	2015			2014			2015			2014
Change in Projected Benefit Obligation
Projected benefit obligation at beginning of year		$87,355			$413,638			$1,226			$21,999
Service cost	1,484			3,923			11			402
Interest cost	3,319			10,707			52			537
Actuarial (gain) loss	(5,332		)	43,093			(123		)	2,250
Employee contributions	—			—			—			484
Benefits paid	(2,821		)	(11,288		)	(7		)	(888		)
Transferred to Rayonier Advanced Materials	—			(372,718		)	—			(23,558		)
Projected benefit obligation at end of year		$84,005			$87,355			$1,159			$1,226



Funded Status at End of Year:
Net accrued benefit cost	($33,035	)	($31,809	)	($1,159	)	($1,226	)

Schedule of Changes in Fair Value of Plan Assets



Change in Plan Assets
Fair value of plan assets at beginning of year		$55,546			$341,905		—		—
Actual return on plan assets	(1,241		)	21,399			—		—
Employer contributions	29			1,103			7		404
Employee contributions	—			—			—		484
Benefits paid	(2,821		)	(11,288		)	(7	)	(888	)
Other expense	(543		)	(607		)	—		—
Transferred to Rayonier Advanced Materials	—			(296,966		)	—		—
Fair value of plan assets at end of year		$50,970			$55,546		—		—

Schedule of Amounts Recognized in Balance Sheet



Amounts Recognized in the Consolidated
Balance Sheets Consist of:
Noncurrent assets	—			—			—			—
Current liabilities	(32		)	(15		)	(24		)	(25		)
Noncurrent liabilities	(33,003		)	(31,794		)	(1,135		)	(1,201		)
Net amount recognized		($33,035	)		($31,809	)		($1,159	)		($1,226	)

Schedule of Amounts Recognized in Other Comprehensive Income (Loss)

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



	Pension								Postretirement
	2015			2014			2013		2015		2014			2013
Net (losses) gains		($477	)		($37,559	)		$60,171		$123		($2,250	)		$3,206
Prior service cost	—			—			—		—		—			—
Negative plan amendment	—			—			—		—		—			3,372



	Pension						Postretirement
	2015		2014		2013		2015		2014			2013
Amortization of losses		$3,733		$6,542		$20,914		$12		$288			$675
Amortization of prior service cost	13		576		1,356		—		8			66
Amortization of negative plan amendment	—		—		—		—		(137		)	(105		)

Schedule of Net Periodic Benefit Cost Not yet Recognized



	Pension						Postretirement
	2015			2014			2015		2014
Prior service cost	—				($13	)	—		—
Net (losses) gains	(27,710		)	(30,965		)	45		(90		)
Negative plan amendment	—			—			—		—
Deferred income tax benefit (expense)	1,927			2,425			6		(22		)
AOCI		($25,783	)		($28,553	)		$51		($112	)

Schedule of Projected Benefit Obligation and Accumulated Benefit Obligation in Excess of Fair Value



	2015		2014
Projected benefit obligation		$84,005		$87,355
Accumulated benefit obligation	78,779		81,141
Fair value of plan assets	50,970		55,546

Schedule of Net Benefit Costs

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



	Pension									Postretirement
	2015			2014			2013			2015		2014			2013
Components of Net Periodic Benefit Cost
Service cost		$1,484			$3,923			$8,452			$11		$402			$1,056
Interest cost	3,319			10,707			16,682			52		537			937
Expected return on plan assets	(4,027		)	(15,258		)	(25,302		)	—		—			—
Amortization of prior service cost	13			576			1,296			—		8			66
Amortization of losses	3,733			6,542			20,097			12		288			675
Amortization of negative plan amendment	—			—			—			—		(137		)	(105		)
Curtailment expense	—			—			60			—		—			—
Settlement expense	—			—			817			—		—			—
Net periodic benefit cost (a)		$4,522			$6,490			$22,102			$75		$1,098			$2,629


(a)	Net periodic benefit cost for the years ended December 31, 2014 and 2013 included $4.0 million and $14.9 million, respectively, recorded in “Income from discontinued operations, net” on the Consolidated Statements of Income and Comprehensive Income.

Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year

The estimated pre-tax amounts that will be amortized from AOCI into net periodic benefit cost in 2016 are as follows:



	Pension		Postretirement
Amortization of loss (gain)		$2,426		($1	)

Schedule of Assumptions Used



	Pension						Postretirement
	2015		2014		2013		2015		2014		2013
Assumptions used to determine benefit obligations at December 31:
Discount rate	4.20	%	3.80	%	4.60	%	4.34	%	3.96	%	4.60	%
Rate of compensation increase	4.50	%	4.50	%	4.60	%	4.50	%	4.50	%	4.50	%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate (pre-spin off)	—		4.60	%	3.70	%	—		4.60	%	3.60	%
Discount rate (post-spin off)	3.80	%	4.04	%	—		3.96	%	4.00	%	—
Expected long-term return on plan assets	7.70	%	8.50	%	8.50	%	—		—		—
Rate of compensation increase	4.50	%	4.50	%	4.60	%	4.50	%	4.50	%	4.50	%

Schedule of Allocation of Plan Assets



	Fair Value at December 31, 2015						Fair Value at December 31, 2014
Asset Category	Level 1		Level 2		Total		Level 1		Level 2		Total
Domestic equity securities		$3,781		$16,171		$19,952		$4,557		$18,326		$22,883
International equity securities	6,062		6,287		12,349		6,277		6,488		12,765
Domestic fixed income securities	—		13,654		13,654		—		14,643		14,643
International fixed income securities	2,348		—		2,348		2,428		—		2,428
Real estate fund	1,583		—		1,583		1,887		—		1,887
Short-term investments	—		1,084		1,084		—		940		940
Total		$13,774		$37,196		$50,970		$15,149		$40,397		$55,546

The Company’s pension plans’ asset allocation (excluding short-term investments) at December 31, 2015 and 2014, and target allocation ranges by asset category are as follows:



	Percentage of Plan Assets				Target Allocation Range
Asset Category	2015		2014		Target Allocation Range
Domestic equity securities	40	%	42	%	35-45%
International equity securities	25	%	23	%	20-30%
Domestic fixed income securities	27	%	27	%	25-29%
International fixed income securities	5	%	4	%	3-7%
Real estate fund	3	%	4	%	2-4%
Total	100	%	100	%

Schedule of Expected Benefit Payments

Expected benefit payments for the next 10 years are as follows:



	Pension Benefits		Postretirement Benefits
2016		$3,043		$25
2017	3,204		27
2018	3,346		29
2019	3,543		32
2020	3,811		34
2021 - 2025	21,825		211

Incentive Stock Plans (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs

A summary of the Company’s stock-based compensation cost is presented below:



	2015		2014		2013
Selling and general expenses		$3,752		$7,100		$10,700
Cost of sales	635		678		942
Timber and Timberlands, net (a)	97		91		68
Total stock-based compensation		$4,484		$7,869		$11,710

Tax benefit recognized related to stock-based compensation expense		$302		$1,714		$3,077


(a)	Represents amounts capitalized as part of the overhead allocation of timber-related costs.

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

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



	2015		2014		2013
Restricted shares granted	96,088		186,783		33,607
Weighted average price of restricted shares granted		$26.28		$36.42		$57.54
Intrinsic value of restricted stock outstanding (a)	4,434		5,142		1,652
Grant date fair value of restricted stock vested	2,632		1,318		1,266
Cash used to purchase common shares from current and former employees to pay minimum withholding tax requirements on restricted shares vested		$122		$24		$277


(a)	Intrinsic value of restricted stock outstanding is based on the market price of the Company’s stock at December 31, 2015.



	2015
	Number of Shares			Weighted Average Grant Date Fair Value
Non-vested Restricted Shares at January 1,	184,023				$37.53
Granted	96,088			26.28
Vested	(76,421	)		34.45
Cancelled	(3,951	)		40.88
Non-vested Restricted Shares at December 31,	199,739		(a)		$33.09


(a)	Represents all Rayonier restricted shares outstanding as of December 31, 2015, including restricted share awards held by Rayonier Advanced Materials employees.

Schedule of Nonvested Performance-based Units Activity

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



	2015		2014		2013
Common shares of Company stock reserved for performance shares granted during year	219,844		130,164		276,240
Weighted average fair value of performance share units granted		$29.62		$40.33		$59.16
Intrinsic value of outstanding performance share units (a)	3,822		5,840		22,092
Fair value of performance shares vested	—		—		6,961
Cash used to purchase common shares from current and former employees to pay minimum withholding tax requirements on performance shares vested	—			$1,834		$11,048


(a)	Intrinsic value of outstanding performance share units is based on the market price of the Company's stock at December 31, 2015.



	2015
	Number of Units			Weighted Average Grant Date Fair Value
Outstanding Performance Share units at January 1,	209,024				$51.01
Granted	109,922			29.62
Other Cancellations/Adjustments	(146,790	)	(a)	56.00
Outstanding Performance Share units at December 31,	172,156				$33.12


(a)	Includes primarily 2012 performance shares issued to Rayonier and Rayonier Advanced Material employees that did not meet the minimum performance requirement for vesting.



	2015		2014 (a)		2013
Expected volatility	21.9	%	19.7	%	23.2	%
Risk-free rate	0.9	%	0.7	%	0.4	%


(a)	Represents assumptions used in the July 2014 valuation of re-issued 2014 performance share units with a remaining term of 2.5 years. The initial fair value of the 2014 awards assumed an expected volatility of 22.8% and a risk-free rate of 0.8%.

Schedule of Share-based Compensation, Stock Options, Activity



	2014 (a)			2013
Expected volatility	39.3		%	39.0		%
Dividend yield	4.6		%	3.4		%
Risk-free rate	2.2		%	1.0		%
Expected life (in years)	6.3			6.3
Fair value per share of options granted (b)		$10.58			$14.01
Fair value of options granted (in millions)		$3.2			$2.7


(a)	The majority of 2014 stock option awards were granted prior to the spin-off. As such, the weighted average assumptions and fair values reflect pre-spin information, including dividends, stock prices and grants to Rayonier Advanced Materials employees in addition to Rayonier employees.


(b)	The fair value per share of each option grant was adjusted at the spin-off to preserve the aggregate value of the original Rayonier stock option. The adjusted weighted average fair value per share applied to Rayonier employee awards was $8.23 for 2014 grants and $10.70 for 2013 grants.



	2015
	Number of Shares		Weighted Average Exercise Price (per common share)		Weighted Average Remaining Contractual Term (in years)	Aggregate Intrinsic Value
Options outstanding at January 1,	1,369,900			$27.21
Granted	—		—
Exercised	(113,082	)	18.95
Cancelled or expired	(37,084	)	32.86
Options outstanding at December 31,	1,219,734			$27.80	5.3		$1,380
Options exercisable at December 31,	1,003,510			$26.63	4.7		$1,380

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



	2015		2014		2013
Intrinsic value of options exercised (a)		$773		$4,044		$12,263
Fair value of options vested	1,938		3,054		2,558
Cash received from exercise of options	2,117		5,579		10,101


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

Other Operating Income, Net (Tables)

12 Months Ended

Dec. 31, 2015

Other Income and Expenses [Abstract]

Interest and Other Income

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



	2015			2014			2013
Lease income, primarily from hunting		$19,216			$17,569			$19,479
Other non-timber income	3,597			2,621			2,714
Foreign exchange (loss) gain	(89		)	3,498			901
Gain on sale or disposal of property plant & equipment	7			48			287
(Loss) gain on foreign currency contracts, net	(5,338		)	32			(192		)
Legal and corporate development costs	—			(222		)	(2,242		)
Bankruptcy claim settlement	—			5,779			—
Gain (loss) on sale of carbon credits (a)	352			(307		)	—
Log trading agency and marketing fees	1,191			—			—
Miscellaneous income (expense), net	823			(2,507		)	(2,460		)
Total		$19,759			$26,511			$18,487


(a)	Loss in 2014 reflects surrender of carbon credit units.

Inventory (Tables)

12 Months Ended

Dec. 31, 2015

Inventory Disclosure [Abstract]

Schedule of Inventory

As of December 31, 2015 and 2014, Rayonier’s inventory was solely comprised of finished goods, as follows:



	2015		2014
Finished goods inventory
Real estate inventory (a)		$12,252		$4,932
Log inventory	3,099		3,451
Total inventory		$15,351		$8,383


(a)	Represents cost of HBU real estate (including capitalized development investments) expected to be sold within 12 months.

Other Assets (Tables)

12 Months Ended

Dec. 31, 2015

Other Assets [Abstract]

Schedule of Changes in Goodwill

Changes in goodwill for the years ended December 31, 2015 and 2014 were:



	2015			2014
Balance, January 1 (net of $0 of accumulated impairment)		$9,694			$10,179
Changes to carrying amount
Acquisitions	—			—
Impairment	—			—
Foreign currency adjustment	(1,216		)	(485		)
Balance, December 31 (net of $0 of accumulated impairment)		$8,478			$9,694

Accumulated Other Comprehensive Income/(Loss) (Tables)

12 Months Ended

Dec. 31, 2015

Equity [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss)



	Foreign currency translation adjustments			Net investment hedges of New Zealand JV			Cash flow hedges				Employee benefit plans				Total
Balance as of December 31, 2013		$36,914		—				($342	)			($82,711	)			($46,139	)
Other comprehensive income/(loss) before reclassifications	(11,381		)	(145		)	510				47,938			(a)	36,922
Amounts reclassified from accumulated other comprehensive loss	—			—			(1,716		)		6,108			(b)	4,392
Net other comprehensive income/(loss)	(11,381		)	(145		)	(1,206		)		54,046				41,314
Balance as of December 31, 2014		$25,533			($145	)		($1,548	)			($28,665	)			($4,825	)
Other comprehensive income/(loss) before reclassifications	(27,983		)	6,416			(14,444		)	(c)	(354		)		(36,365		)
Amounts reclassified from accumulated other comprehensive loss	—			—			4,400				3,287			(d)	7,687
Net other comprehensive income/(loss)	(27,983		)	6,416			(10,044		)		2,933				(28,678		)
Balance as of December 31, 2015		($2,450	)		$6,271			($11,592	)			($25,732	)			($33,503	)

(a)


(b)	This accumulated other comprehensive income component is comprised of $5 million from the computation of net periodic pension cost and the $1 million write-off of a deferred tax asset related to the revaluation and transfer of liabilities as a result of the spin-off.


(c)	Includes $10.2 million of other comprehensive loss related to interest rate swaps entered into in the third quarter 2015. See Note 13 — Derivative Financial Instruments and Hedging Activities for additional information.


(d)	This component of other comprehensive income is included in the computation of net periodic pension cost. See Note 15 — Employee Benefit Plans for additional information.

Reclassification out of Accumulated Other Comprehensive Income

The following table presents details of the amounts reclassified in their entirety from AOCI for the years ended December 31, 2015 and 2014:



Details about accumulated other comprehensive income components	Amount reclassified from accumulated other comprehensive income						Affected line item in the income statement
	2015			2014
Realized loss (gain) on foreign currency exchange contracts		$5,366			($2,858	)	Other operating income, net
Realized loss (gain) on foreign currency option contracts	4,035			(1,007		)	Other operating income, net
Noncontrolling interest	(3,290		)	1,352			Comprehensive loss attributable to noncontrolling interest
Income tax (benefit) expense from foreign currency contracts	(1,711		)	797			Income tax benefit
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income	4,400			(1,716		)
Income tax expense on pension plan contributed to Rayonier Advanced Materials	—			843			Income tax benefit
Net loss (gain) reclassified from accumulated other comprehensive income		$4,400			($873	)

Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Discontinued Operations and Disposal Groups [Abstract]

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



	2013
Sales		$16,968
Cost of sales and other	(14,258		)
Gain on sale of discontinued operations	63,217
Income from discontinued operations before income taxes	65,927
Income tax expense	(21,999		)
Income from discontinued operations, net		$43,928

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



	2014		2013
Performance Fibers income from discontinued operations, net		$43,403		$224,027
Wood Products income from discontinued operations, net	—		43,928
Income from discontinued operations, net		$43,403		$267,955



	2014			2013
Sales		$456,180			$1,048,104
Cost of sales and other	(369,210		)	(736,471		)
Transaction expenses	(22,989		)	(3,208		)
Income from discontinued operations before income taxes	63,981			308,425
Income tax expense	(20,578		)	(84,398		)
Income from discontinued operations, net		$43,403			$224,027

Schedule of Interest Expense Allocated to Discontinued Operations

The following table summarizes the interest expense allocated to discontinued operations for the years ended December 31, 2014 and December 31, 2013:



	2014			2013
Interest expense allocated to the Performance Fibers business		($4,205	)		($8,964	)

Schedule of Disposal Groups, Depreciation, Amortization, and Capital Expenditures

The following table summarizes the depreciation, amortization and capital expenditures of the Company's discontinued operations related to the Performance Fibers business:



	2014		2013
Depreciation and amortization		$37,985		$74,386
Capital expenditures	60,443		97,874
Jesup mill cellulose specialties expansion	—		148,262

Schedule of Adjustments to Major Classes of Performance Fibers Assets and Liabilities

The major classes of Performance Fibers assets and liabilities included in the spin-off are as follows:



	June 27, 2014
Accounts receivable, net		$66,050
Inventory	121,705
Prepaid and other current assets	70,092
Property, plant and equipment, net	862,487
Other assets	103,400
Total assets		$1,223,734

Accounts payable		$65,522
Other current liabilities	51,006
Long-term debt	950,000
Non-current environmental liabilities	66,434
Pension and other postretirement benefits	102,633
Other non-current liabilities	7,269
Deficit	(19,130		)
Total liabilities and equity		$1,223,734

Schedule of Elimination of Intercompany Hardwood Purchases

Prior to the spin-off, hardwood intercompany purchases were transactions eliminated in consolidation as follows:



	2014		2013
Hardwood purchases		$3,935		$3,051

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721533-107759

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721665-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1474-107760

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721683-107760

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51719941&loc=SL51724579-110230

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 4A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721663-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51719941&loc=d3e2941-110230

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5B
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721673-107760

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721659-107760

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5A
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721671-107760

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5D
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721677-107760

+ Details

Liabilities for Dispositions and Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2015

Disposal Group, Including Discontinued Operation, Liabilities [Abstract]

Schedule of Change in Environmental Loss Contingencies

An analysis of activity in the liabilities for dispositions and discontinued operations for the two years ended December 31, 2014 follows:



	2014			2013
Balance, January 1		$76,378			$81,695
Expenditures charged to liabilities	(5,096		)	(8,570		)
Increase to liabilities	2,558			3,253
Contribution to Rayonier Advanced Materials	(73,840		)	—
Balance, December 31	—			76,378
Less: Current portion	—			(6,835		)
Non-current portion	—				$69,543

Quarterly Results for 2015 and 2014 (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information



	Quarter Ended									Total Year
	March 31		June 30			Sept. 30		Dec. 31		Total Year
2015
Sales		$140,305		$115,801			$151,657		$137,111		$544,874
Cost of sales	107,234		103,689			116,044		114,132		441,099
Net income (loss)	18,180		(2,860		)	19,181		9,440		43,941
Net income (loss) attributable to Rayonier Inc.	17,747		(1,536		)	19,669		10,285		46,165
Basic EPS attributable to Rayonier Inc.
Net Income (Loss)		$0.14		($0.01	)		$0.16		$0.08		$0.37
Diluted EPS attributable to Rayonier Inc.
Net Income (Loss)		$0.14		($0.01	)		$0.16		$0.08		$0.37

2014
Sales	143,187		163,145			149,829		147,360		603,521
Cost of sales	115,900		123,096			118,088		126,776		483,860
Income from continuing operations	10,335		4,024			32,059		8,025		54,443
Income from discontinued operations	31,008		12,084			—		311		43,403
Net income	41,343		16,108			32,059		8,336		97,846
Net income attributable to Rayonier Inc.	41,426		16,353			32,701		8,857		99,337
Basic EPS attributable to Rayonier Inc.
Continuing Operations		$0.08		$0.03			$0.26		$0.07		$0.44
Discontinued Operations	0.25		0.10			—		—		0.34
Net Income		$0.33		$0.13			$0.26		$0.07		$0.78
Diluted EPS attributable to Rayonier Inc.
Continuing Operations		$0.08		$0.03			$0.25		$0.07		$0.43
Discontinued Operations	0.24		0.09			—		—		0.33
Net Income		$0.32		$0.12			$0.25		$0.07		$0.76

Consolidating Financial Statements (Tables)

12 Months Ended

Dec. 31, 2015

Condensed Financial Information of Parent Company Only Disclosure [Abstract]

Schedule of Condensed Consolidating of Income Statement



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$544,874		—				$544,874
Costs and Expenses
Cost of sales	—			—			441,099			—			441,099
Selling and general expenses	—			20,468			25,282			—			45,750
Other operating income, net	—			(404		)	(19,355		)	—			(19,759		)
	—			20,064			447,026			—			467,090
OPERATING (LOSS) INCOME	—			(20,064		)	97,848			—			77,784
Interest expense	(12,703		)	(9,135		)	(9,861		)	—			(31,699		)
Interest and miscellaneous income (expense), net	7,789			2,612			(13,404		)	—			(3,003		)
Equity in income from subsidiaries	51,079			75,532			—			(126,611		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	46,165			48,945			74,583			(126,611		)	43,082
Income tax benefit (expense)	—			2,134			(1,275		)	—			859
NET INCOME	46,165			51,079			73,308			(126,611		)	43,941
Less: Net loss attributable to noncontrolling interest	—			—			(2,224		)	—			(2,224		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	46,165			51,079			75,532			(126,611		)	46,165
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(21,567		)	7,922			(40,373		)	21,567			(32,451		)
New Zealand joint venture cash flow hedges	(10,042		)	(10,195		)	234			10,042			(9,961		)
Actuarial change and amortization of pension and postretirement plan liabilities	2,933			2,933			—			(2,933		)	2,933
Total other comprehensive (loss) income	(28,676		)	660			(40,139		)	28,676			(39,479		)
COMPREHENSIVE INCOME	17,489			51,739			33,169			(97,935		)	4,462
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(13,027		)	—			(13,027		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$17,489			$51,739			$46,196			($97,935	)		$17,489



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2014
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$603,521		—				$603,521
Costs and Expenses
Cost of sales	—			—			483,860			—			483,860
Selling and general expenses	—			14,578			33,305			—			47,883
Other operating expense (income), net	—			3,275			(29,786		)	—			(26,511		)
	—			17,853			487,379			—			505,232
OPERATING (LOSS) INCOME	—			(17,853		)	116,142			—			98,289
Interest expense	(13,247		)	(23,571		)	(7,430		)	—			(44,248		)
Interest and miscellaneous income (expense), net	9,186			(3,100		)	(15,285		)	—			(9,199		)
Equity in income from subsidiaries	103,398			138,719			—			(242,117		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	99,337			94,195			93,427			(242,117		)	44,842
Income tax benefit	—			9,203			398			—			9,601
INCOME FROM CONTINUING OPERATIONS	99,337			103,398			93,825			(242,117		)	54,443
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			43,403			—			43,403
NET INCOME	99,337			103,398			137,228			(242,117		)	97,846
Less: Net loss attributable to noncontrolling interest	—			—			(1,491		)	—			(1,491		)
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	99,337			103,398			138,719			(242,117		)	99,337
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(11,525		)	(11,527		)	(15,847		)	23,052			(15,847		)
New Zealand joint venture cash flow hedges	(1,206		)	(1,206		)	(1,855		)	2,412			(1,855		)
Actuarial change and amortization of pension and postretirement plan liabilities	54,046			54,046			88,174			(142,220		)	54,046
Total other comprehensive income	41,315			41,313			70,472			(116,756		)	36,344
COMPREHENSIVE INCOME	140,652			144,711			207,700			(358,873		)	134,190
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(6,462		)	—			(6,462		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$140,652			$144,711			$214,162			($358,873	)		$140,652



	CONDENSED CONSOLIDATING STATEMENTS OF INCOME AND COMPREHENSIVE INCOME For the Year Ended December 31, 2013
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
SALES	—			—				$659,718		—				$659,718
Costs and Expenses
Cost of sales	—			—			530,772			—			530,772
Selling and general expenses	—			9,821			45,612			—			55,433
Other operating (income) expense, net	(1,701		)	4,730			(21,516		)	—			(18,487		)
	(1,701		)	14,551			554,868			—			567,718
Equity in income of New Zealand joint venture	—			—			562			—			562
OPERATING INCOME (LOSS) BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE	1,701			(14,551		)	105,412			—			92,562
Gain related to consolidation of New Zealand joint venture	—			—			16,098			—			16,098
OPERATING INCOME (LOSS)	1,701			(14,551		)	121,510			—			108,660
Interest expense	(13,088		)	(28,430		)	577			—			(40,941		)
Interest and miscellaneous income (expense), net	9,828			(4,297		)	(3,092		)	—			2,439
Equity in income from subsidiaries	373,455			407,722			—			(781,177		)	—
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	371,896			360,444			118,995			(781,177		)	70,158
Income tax benefit	—			13,011			22,674			—			35,685
INCOME FROM CONTINUING OPERATIONS	371,896			373,455			141,669			(781,177		)	105,843
DISCONTINUED OPERATIONS, NET
Income from discontinued operations, net of income tax	—			—			267,955			—			267,955
NET INCOME	371,896			373,455			409,624			(781,177		)	373,798
Less: Net income attributable to noncontrolling interest	—			—			1,902			—			1,902
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	371,896			373,455			407,722			(781,177		)	371,896
OTHER COMPREHENSIVE INCOME
Foreign currency translation adjustment	(1,915		)	(1,915		)	(5,710		)	3,830			(5,710		)
New Zealand joint venture cash flow hedges	3,286			3,286			3,629			(6,572		)	3,629
Actuarial change and amortization of pension and postretirement plan liabilities	61,869			61,869			20,589			(82,458		)	61,869
Total other comprehensive income	63,240			63,240			18,508			(85,200		)	59,788
COMPREHENSIVE INCOME	435,136			436,695			428,132			(866,377		)	433,586
Less: Comprehensive loss attributable to noncontrolling interest	—			—			(1,550		)	—			(1,550		)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.		$435,136			$436,695			$429,682			($866,377	)		$435,136

Schedule of Condensed Consolidating Balance Sheet



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$2,472			$13,217			$36,088		—				$51,777
Accounts receivable, less allowance for doubtful accounts	—			1,870			18,352			—			20,222
Inventory	—			—			15,351			—			15,351
Prepaid logging roads	—			—			10,563			—			10,563
Prepaid expenses	—			443			1,648			—			2,091
Other current assets	—			4,876			805			—			5,681
Total current assets	2,472			20,406			82,807			—			105,685
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—			—			2,066,780			—			2,066,780
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	—			—			65,450			—			65,450
NET PROPERTY, PLANT AND EQUIPMENT	—			330			6,412			—			6,742
INVESTMENT IN SUBSIDIARIES	1,321,681			2,212,405			—			(3,534,086		)	—
INTERCOMPANY RECEIVABLE	34,567			(610,450		)	575,883			—			—
OTHER ASSETS	2,305			19,741			52,560			—			74,606
TOTAL ASSETS		$1,361,025			$1,642,432			$2,849,892			($3,534,086	)		$2,319,263
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable		$609			$1,463			$19,407		—				$21,479
Accrued taxes	—			(10		)	3,695			—			3,685
Accrued payroll and benefits	—			3,594			3,443			—			7,037
Accrued interest	3,047			666			2,440			—			6,153
Other current liabilities	—			262			20,841			—			21,103
Total current liabilities	3,656			5,975			49,826			—			59,457
LONG-TERM DEBT	325,000			282,000			226,879			—			833,879
PENSION AND OTHER POSTRETIREMENT BENEFITS	—			34,822			(685		)	—			34,137
OTHER NON-CURRENT LIABILITIES	—			16,914			13,136			—			30,050
INTERCOMPANY PAYABLE	(255,715		)	(18,960		)	274,675			—			—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,288,084			1,321,681			2,212,405			(3,534,086		)	1,288,084
Noncontrolling interest	—			—			73,656			—			73,656
TOTAL SHAREHOLDERS’ EQUITY	1,288,084			1,321,681			2,286,061			(3,534,086		)	1,361,740
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,361,025			$1,642,432			$2,849,892			($3,534,086	)		$2,319,263



	CONDENSED CONSOLIDATING BALANCE SHEETS As of December 31, 2014
	Rayonier Inc.(Parent Issuer)		Subsidiary Guarantors		Non- guarantors			Consolidating Adjustments			Total Consolidated
ASSETS
CURRENT ASSETS
Cash and cash equivalents		$102,218		$8,105		$51,235		—				$161,558
Accounts receivable, less allowance for doubtful accounts	—		1,409		22,609			—			24,018
Inventory	—		—		8,383			—			8,383
Prepaid logging roads	—		—		12,665			—			12,665
Prepaid expenses	—		1,926		3,123			—			5,049
Other current assets	—		83		1,948			—			2,031
Total current assets	102,218		11,523		99,963			—			213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	—		—		2,088,501			—			2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS	—		—		77,433			—			77,433
NET PROPERTY, PLANT AND EQUIPMENT	—		433		6,273			—			6,706
INVESTMENT IN SUBSIDIARIES	1,463,303		2,053,911		—			(3,517,214		)	—
INTERCOMPANY RECEIVABLES	248,233		21,500		—			(269,733		)	—
OTHER ASSETS	2,763		18,369		45,639			—			66,771
TOTAL ASSETS		$1,816,517		$2,105,736		$2,317,809			($3,786,947	)		$2,453,115
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	—			$2,810		$17,401		—				$20,211
Current maturities of long-term debt	—		129,706		—			—			129,706
Accrued taxes	—		11		11,394			—			11,405
Accrued payroll and benefits	—		3,253		3,137			—			6,390
Accrued interest	3,047		2,517		31,281			(28,412		)	8,433
Other current liabilities	—		1,073		24,784			—			25,857
Total current liabilities	3,047		139,370		87,997			(28,412		)	202,002
LONG-TERM DEBT	325,000		31,000		265,849			—			621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS	—		34,161		(684		)	—			33,477
OTHER NON-CURRENT LIABILITIES	—		6,436		14,200			—			20,636
INTERCOMPANY PAYABLE	—		431,466		(153,754		)	(277,712		)	—
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,488,470		1,463,303		2,017,520			(3,480,823		)	1,488,470
Noncontrolling interest	—		—		86,681			—			86,681
TOTAL SHAREHOLDERS’ EQUITY	1,488,470		1,463,303		2,104,201			(3,480,823		)	1,575,151
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY		$1,816,517		$2,105,736		$2,317,809			($3,786,947	)		$2,453,115

Schedule of Condensed Consolidating Cash Flows Statement



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2015
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments		Total Consolidated
CASH (USED FOR) PROVIDED BY OPERATING ACTIVITIES		($4,890	)		($21,421	)		$203,475		—			$177,164
INVESTING ACTIVITIES
Capital expenditures	—			(78		)	(57,215		)	—		(57,293		)
Real estate development investments	—			—			(2,676		)	—		(2,676		)
Strategic purchase of timberlands and other	—			—			(98,409		)	—		(98,409		)
Proceeds from settlement of foreign currency hedge	—			—			2,804			—		2,804
Change in restricted cash	—			—			(16,836		)	—		(16,836		)
Investment in subsidiaries	—			126,242			—			(126,242	)	—
Other	—			—			6,101			—		6,101
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			126,164			(166,231		)	(126,242	)	(166,309		)
FINANCING ACTIVITIES
Issuance of debt	61,000			353,000			58,558			—		472,558
Repayment of debt	(61,000		)	(232,973		)	(70,429		)	—		(364,402		)
Dividends paid	(124,936		)	—			—			—		(124,936		)
Proceeds from the issuance of common shares	2,117			—			—			—		2,117
Proceeds from repurchase of common shares	(100,000		)	—			—			—		(100,000		)
Debt issuance costs	—			(1,678		)	—			—		(1,678		)
Issuance of intercompany notes	(35,500		)	—			35,500			—		—
Intercompany distributions	163,585			(217,980		)	(71,847		)	126,242		—
Other	(122		)	—			—			—		(122		)
CASH USED FOR FINANCING ACTIVITIES	(94,856		)	(99,631		)	(48,218		)	126,242		(116,463		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(4,173		)	—		(4,173		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(99,746		)	5,112			(15,147		)	—		(109,781		)
Balance, beginning of year	102,218			8,105			51,235			—		161,558
Balance, end of year		$2,472			$13,217			$36,088		—			$51,777



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2014
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES		$269,653			$293,193			$47,727			($290,157	)		$320,416
INVESTING ACTIVITIES
Capital expenditures	—			(400		)	(63,313		)	—			(63,713		)
Capital expenditures from discontinued operations	—			—			(60,955		)	—			(60,955		)
Real estate development investments	—			—			(3,674		)	—			(3,674		)
Strategic purchase of timberlands and other	—			—			(130,896		)	—			(130,896		)
Change in restricted cash	—			—			62,256			—			62,256
Investment in subsidiaries	—			798,875			—			(798,875		)	—
Other	—			—			306			—			306
CASH PROVIDED BY (USED FOR) INVESTING ACTIVITIES	—			798,475			(196,276		)	(798,875		)	(196,676		)
FINANCING ACTIVITIES
Issuance of debt	—			201,000			1,225,464			—			1,426,464
Repayment of debt	—			(1,002,500		)	(287,137		)	—			(1,289,637		)
Dividends paid	(257,517		)	—			—			—			(257,517		)
Proceeds from the issuance of common shares	5,579			—			—			—			5,579
Proceeds from repurchase of common shares	(1,858		)	—			—			—			(1,858		)
Debt issuance costs	—			—			(12,380		)	—			(12,380		)
Net cash disbursed upon spin-off of Performance Fibers business	(31,420		)	—			—			—			(31,420		)
Issuance of intercompany notes	(12,400		)	—			12,400			—			—
Intercompany distributions	—			(293,086		)	(795,946		)	1,089,032			—
Other	—			—			(680		)	—			(680		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(297,616		)	(1,094,586		)	141,721			1,089,032			(161,449		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(377		)	—			(377		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(27,963		)	(2,918		)	(7,205		)	—			(38,086		)
Balance, beginning of year	130,181			11,023			58,440			—			199,644
Balance, end of year		$102,218			$8,105			$51,235		—				$161,558



	CONDENSED CONSOLIDATING STATEMENTS OF CASH FLOWS For the Year Ended December 31, 2013
	Rayonier Inc.(Parent Issuer)			Subsidiary Guarantors			Non- guarantors			Consolidating Adjustments			Total Consolidated
CASH PROVIDED BY OPERATING ACTIVITIES		$407,712			$417,074			$493,382			($771,375	)		$546,793
INVESTING ACTIVITIES
Capital expenditures	—			(663		)	(62,540		)	—			(63,203		)
Capital expenditures from discontinued operations	—			—			(103,092		)	—			(103,092		)
Real estate development investments	—			—			(1,292		)	—			(1,292		)
Purchase of additional interest in New Zealand joint venture	—			—			(139,879		)	—			(139,879		)
Strategic purchase of timberlands and other	—			—			(20,401		)	—			(20,401		)
Proceeds from settlement of foreign currency hedge	—			1,701			—			—			1,701
Jesup mill cellulose specialties expansion	—			—			(148,262		)	—			(148,262		)
Proceeds from disposition of Wood Products business	—			—			62,720			—			62,720
Change in restricted cash	—			—			(58,385		)	—			(58,385		)
Investment in subsidiaries	(138,178		)	(385,292		)	—			523,470			—
Other	—			—			(447		)	—			(447		)
CASH USED FOR INVESTING ACTIVITIES	(138,178		)	(384,254		)	(471,578		)	523,470			(470,540		)
FINANCING ACTIVITIES
Issuance of debt	175,000			390,000			57,885			—			622,885
Repayment of debt	(325,000		)	(151,525		)	(72,960		)	—			(549,485		)
Dividends paid	(237,016		)	—			—			—			(237,016		)
Proceeds from the issuance of common shares	10,101			—			—			—			10,101
Excess tax benefits on stock-based compensation	—			—			8,413			—			8,413
Proceeds from repurchase of common shares	(11,326		)	—			—			—			(11,326		)
Issuance of intercompany notes	(4,000		)	—			4,000			—			—
Intercompany distributions	—			(283,596		)	35,691			247,905			—
Other	—			—			(713		)	—			(713		)
CASH (USED FOR) PROVIDED BY FINANCING ACTIVITIES	(392,241		)	(45,121		)	32,316			247,905			(157,141		)
EFFECT OF EXCHANGE RATE CHANGES ON CASH	—			—			(64		)	—			(64		)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents	(122,707		)	(12,301		)	54,056			—			(80,952		)
Balance, beginning of year	252,888			23,324			4,384			—			280,596
Balance, end of year		$130,181			$11,023			$58,440		—				$199,644

Nature of Business Operations (Narrative) (Details) a in Millions	12 Months Ended
	Dec. 31, 2015 a segment $ / shares
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Common stock, par value (dollars per share) \| $ / shares	$ 0.00
Acres of timberland owned leased	2.7
Acres of high value real estate owned	0.2
Number of reportable segments \| segment	5

Nature of Business Operations (Narrative) (Details 2) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2011 a	Dec. 31, 2015 USD ($) a core_business_area	Dec. 31, 2014 USD ($) a	Dec. 31, 2013 USD ($)	Apr. 30, 2013	Apr. 04, 2013 a
Segment Reporting Information [Line Items]
Acres of timberland owned leased		2,700,000
Percentage of voting interests acquired						39.00%
Acres of timberland owned or leased						400,000
Ownership percentage by parent					65.00%	65.00%
Acres acquired	250,000	36,750	62,344
Payments to acquire timberlands \| $		$ 98,409	$ 130,896	$ 20,401
Number of core business areas \| core_business_area		2
New Zealand
Segment Reporting Information [Line Items]
Acres of timberland owned leased		1,800
Acres acquired		1,767	546
Lease payments \| $		$ 9,900
Florida Georgia Louisianna Mississippi and Oregon
Segment Reporting Information [Line Items]
Acres acquired		35,000
Payments to acquire timberlands \| $		$ 88,500
Alabama, Florida, Georgia, Texas and Washington Timberland Acquisitions
Segment Reporting Information [Line Items]
Acres acquired			62,000
New Zealand JV
Segment Reporting Information [Line Items]
Percentage of voting interests acquired						39.00%
Acres of timberland owned or leased						400,000
Ownership percentage by parent						65.00%
New Zealand JV \| New Zealand
Segment Reporting Information [Line Items]
Acres of timberland owned or leased						439,000
Productive acres of timberland						299,000
Timber Segment
Segment Reporting Information [Line Items]
Acres of timberland owned leased		2,700,000

Summary of Significant Accounting Policies - Principles of Consolidation (Details)	Apr. 30, 2013	Apr. 04, 2013
Accounting Policies [Abstract]
Ownership percentage by parent	65.00%	65.00%
Noncontrolling interest ownership percentage by noncontrolling owners	35.00%	35.00%

Summary of Significant Accounting Policies - Cash and Cash Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014
Accounting Policies [Abstract]
Time deposits	$ 23.4	$ 0.0

Summary of Significant Accounting Policies - Prepaid Logging Roads and Timber (Details)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Lease capitalized for remaining lease term when greater than 5 years	5 years
Lease payments expensed within 5 years	5 years

Summary of Significant Accounting Policies - Property, Plant, Equipment and Depreciation (Details)	12 Months Ended
	Dec. 31, 2015
Minimum
Property, Plant and Equipment [Line Items]
Useful life	3 years
Maximum
Property, Plant and Equipment [Line Items]
Useful life	25 years
Building \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	15 years
Building \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	35 years
Land Improvements \| Minimum
Property, Plant and Equipment [Line Items]
Useful life	5 years
Land Improvements \| Maximum
Property, Plant and Equipment [Line Items]
Useful life	30 years

Summary of Significant Accounting Policies - Goodwill (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Impairment	$ 0	$ 0
New Zealand Timber
Segment Reporting Information [Line Items]
Impairment	$ 0

Summary of Significant Accounting Policies - Revenue Recognition (Details)	12 Months Ended
	Dec. 31, 2015 method
Accounting Policies [Abstract]
Number of sales categories	2
Contract duration (one year or less)	1 year

Summary of Significant Accounting Policies - Employee Benefit Plans (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Pension Benefits
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Underfunded amount recognized in balance sheet	$ 33,035	$ 31,809

Summary of Significant Accounting Policies - Reclassifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accounting Policies [Abstract]
Timber and timberlands, seeds and seedlings	$ 5,500	$ 4,800
HBU real estate not expected to be sold within next 12 months	65,400	77,400
Real estate development investments	2,676	3,674	$ 1,292
Silvicultural expenditures on higher and better use property	$ 300	$ 200

Summary of Significant Accounting Policies - New or Recently Adopted Accounting Pronouncements (Details) $ in Millions	Dec. 31, 2015 USD ($)
Accounting Policies [Abstract]
Capitalized Debt Costs	$ 3.3
Capitalized Revolving Debt Costs	$ 0.6

Summary of Significant Accounting Policies - Subsequent Events (Details) $ in Millions	Feb. 10, 2016 USD ($)
Subsequent Event
Subsequent Event [Line Items]
Stock repurchase program, authorized amount	$ 100

Timberland Acquisitions (Narrative) (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2011 a	Dec. 31, 2015 USD ($) a acquisition	Dec. 31, 2014 USD ($) a acquisition
Business Acquisition [Line Items]
Acres acquired	250,000	36,750	62,344
Cost \| $		$ 98,409	$ 130,896
Acres of timberland owned leased		2,700,000
Florida Georgia Louisianna Mississippi and Oregon
Business Acquisition [Line Items]
Number of timberland acquisition transactions \| acquisition		8
Acres acquired		35,000
Cost \| $		$ 88,500
New Zealand
Business Acquisition [Line Items]
Number of timberland acquisition transactions \| acquisition		1	1
Acres acquired		1,767	546
Cost \| $		$ 9,949	$ 923
Acres of timberland owned leased		1,800
Lease payments \| $		$ 9,900
Alabama, Florida, Georgia, Texas and Washington Timberland Acquisitions
Business Acquisition [Line Items]
Number of timberland acquisition transactions \| acquisition			12
Acres acquired			62,000
Cost \| $			$ 130,000

Timberland Acquisitions - Summary of Timberland Acquisitions (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2011 a	Dec. 31, 2015 USD ($) a	Dec. 31, 2014 USD ($) a
Business Acquisition [Line Items]
Cost \| $		$ 98,409	$ 130,896
Acres \| a	250,000	36,750	62,344
Alabama
Business Acquisition [Line Items]
Cost \| $		$ 0	$ 41,453
Acres \| a		0	18,113
Florida
Business Acquisition [Line Items]
Cost \| $		$ 5,031	$ 22,157
Acres \| a		3,428	15,774
Georgia
Business Acquisition [Line Items]
Cost \| $		$ 1,495	$ 46,525
Acres \| a		1,443	16,573
Louisiana
Business Acquisition [Line Items]
Cost \| $		$ 47,840	$ 0
Acres \| a		24,494	0
Mississippi
Business Acquisition [Line Items]
Cost \| $		$ 42	$ 0
Acres \| a		40	0
Oregon
Business Acquisition [Line Items]
Cost \| $		$ 34,052	$ 0
Acres \| a		5,578	0
Texas
Business Acquisition [Line Items]
Cost \| $		$ 0	$ 17,960
Acres \| a		0	10,900
Washington
Business Acquisition [Line Items]
Cost \| $		$ 0	$ 1,878
Acres \| a		0	438
New Zealand
Business Acquisition [Line Items]
Cost \| $		$ 9,949	$ 923
Acres \| a		1,767	546

Segment and Geographical Information - Narrative (Details) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2015 USD ($) core_business_area	Dec. 31, 2015 segment core_business_area
Segment Reporting [Abstract]
Number of reportable segments \| segment		5
Sale of timberlands reclassification threshold \| $	$ 20
Number of core business areas \| core_business_area	2	2

Segment and Geographical Information - Schedule of Segment Sales (Details) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($) a	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Segment Reporting Information [Line Items]
Sales	$ 137,111	$ 151,657	$ 115,801	$ 140,305	$ 147,360	$ 149,829	$ 163,145	$ 143,187		$ 544,874	$ 603,521	$ 659,718
Operating Segments \| Southern Timber
Segment Reporting Information [Line Items]
Sales										139,093	141,833	123,804
Operating Segments \| Pacific Northwest Timber
Segment Reporting Information [Line Items]
Sales										76,488	102,232	110,494
Operating Segments \| New Zealand Timber
Segment Reporting Information [Line Items]
Sales										161,570	182,421	147,716
Operating Segments \| Real Estate
Segment Reporting Information [Line Items]
Sales										86,493	77,281	148,955
Acres of timberland divested \| a									128,000
Sale of New York timberlands									$ 57,300
Operating Segments \| Trading
Segment Reporting Information [Line Items]
Sales										81,230	103,678	131,711
Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales										$ 0	$ (3,924)	$ (2,962)

Segment and Geographical Information - Schedule of Segment Operating Income (Loss) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Total Operating Income	$ 77,784	$ 98,289	$ 108,660
Unallocated interest expense and other	(34,702)	(53,447)	(38,502)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES	43,082	44,842	70,158
Operating Segments \| Southern Timber
Segment Reporting Information [Line Items]
Total Operating Income	46,669	45,651	37,847
Operating Segments \| Pacific Northwest Timber
Segment Reporting Information [Line Items]
Total Operating Income	6,917	29,539	32,669
Operating Segments \| New Zealand Timber
Segment Reporting Information [Line Items]
Total Operating Income	2,775	9,474	10,566
Operating Segments \| Real Estate
Segment Reporting Information [Line Items]
Total Operating Income	44,263	47,474	55,894
Operating Segments \| Trading
Segment Reporting Information [Line Items]
Total Operating Income	1,247	1,687	1,823
Corporate and other
Segment Reporting Information [Line Items]
Total Operating Income	$ (24,087)	$ (35,536)	(30,139)
Corporate and other \| New Zealand JV
Segment Reporting Information [Line Items]
Total Operating Income			$ 16,200

Segment and Geographical Information - Schedule of Gross Capital Expenditures (Details) - USD ($) $ in Thousands		12 Months Ended
	Apr. 04, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Capital expenditures		$ 57,293	$ 63,713	$ 63,203
Timberland Acquisitions		98,409	130,896	160,280
Total Gross Capital Expenditures		155,702	194,609	223,483
Purchase price	$ 139,900
Percentage of voting interests acquired	39.00%
Operating Segments \| Southern Timber
Segment Reporting Information [Line Items]
Capital expenditures		33,245	36,033	38,093
Timberland Acquisitions		54,408	125,650	20,364
Operating Segments \| Pacific Northwest Timber
Segment Reporting Information [Line Items]
Capital expenditures		8,515	9,742	8,404
Timberland Acquisitions		34,052	1,878	0
Operating Segments \| New Zealand Timber
Segment Reporting Information [Line Items]
Capital expenditures		15,143	17,344	16,030
Timberland Acquisitions		9,949	923	139,879
Purchase price	$ 139,900
Operating Segments \| Real Estate
Segment Reporting Information [Line Items]
Capital expenditures		313	195	366
Timberland Acquisitions		0	2,445	37
Operating Segments \| Trading
Segment Reporting Information [Line Items]
Capital expenditures		0	0	0
Timberland Acquisitions		0	0	0
Corporate and other
Segment Reporting Information [Line Items]
Capital expenditures		77	399	310
Timberland Acquisitions		$ 0	$ 0	$ 0

Segment and Geographical Information - Schedule Depreciation, Depletion and Amortization (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	$ 113,708	$ 119,980	$ 116,854
Operating Segments \| Southern Timber
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	54,299	52,307	49,402
Operating Segments \| Pacific Northwest Timber
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	14,842	21,282	21,371
Operating Segments \| New Zealand Timber
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	29,741	32,161	27,650
Operating Segments \| Real Estate
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	14,533	13,355	17,365
Operating Segments \| Trading
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	0	0	0
Corporate and other
Segment Reporting Information [Line Items]
Depreciation, depletion and amortization	$ 293	$ 875	$ 1,066

Segment and Geographical Information - Schedule of the Non-cash Cost of Land Sold (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	$ 12,509	$ 13,264	$ 10,212
Operating Segments \| Southern Timber
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	0	0	0
Operating Segments \| Pacific Northwest Timber
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	0	0	0
Operating Segments \| New Zealand Timber
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	467	4,328	0
Operating Segments \| Real Estate
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	12,042	8,936	10,212
Operating Segments \| Trading
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	0	0	0
Corporate and other
Segment Reporting Information [Line Items]
Non-Cash Cost of Land and Real Estate Sold	$ 0	$ 0	$ 0

Segment and Geographical Information - Schedule of Sales by Product Line (Details) $ in Thousands	3 Months Ended									12 Months Ended
	Dec. 31, 2015 USD ($)	Sep. 30, 2015 USD ($)	Jun. 30, 2015 USD ($)	Mar. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Sep. 30, 2014 USD ($)	Jun. 30, 2014 USD ($)	Mar. 31, 2014 USD ($)	Dec. 31, 2013 USD ($) a	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Segment Reporting Information [Line Items]
Sales	$ 137,111	$ 151,657	$ 115,801	$ 140,305	$ 147,360	$ 149,829	$ 163,145	$ 143,187		$ 544,874	$ 603,521	$ 659,718
Real Estate \| Improved Development
Segment Reporting Information [Line Items]
Sales										2,610	0	1,568
Real Estate \| Unimproved Development
Segment Reporting Information [Line Items]
Sales										6,399	4,794	2,839
Real Estate \| Rural
Segment Reporting Information [Line Items]
Sales										22,653	40,954	27,471
Real Estate \| Non-Strategic / Timberlands
Segment Reporting Information [Line Items]
Sales										54,831	9,533	37,049
Real Estate \| Large Dispositions
Segment Reporting Information [Line Items]
Sales										0	22,000	80,028
Acres of timberland divested \| a									128,000
Sale of New York timberlands									$ 57,300
Operating Segments \| Southern Timber
Segment Reporting Information [Line Items]
Sales										139,093	141,833	123,804
Operating Segments \| Pacific Northwest Timber
Segment Reporting Information [Line Items]
Sales										76,488	102,232	110,494
Operating Segments \| New Zealand Timber
Segment Reporting Information [Line Items]
Sales										161,570	182,421	147,716
Operating Segments \| Real Estate
Segment Reporting Information [Line Items]
Sales										86,493	77,281	148,955
Acres of timberland divested \| a									128,000
Sale of New York timberlands									$ 57,300
Operating Segments \| Trading
Segment Reporting Information [Line Items]
Sales										81,230	103,678	131,711
Intersegment Eliminations
Segment Reporting Information [Line Items]
Sales										$ 0	$ (3,924)	$ (2,962)

Segment and Geographical Information - Geographical Operating Information (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales	$ 137,111	$ 151,657	$ 115,801	$ 140,305	$ 147,360	$ 149,829	$ 163,145	$ 143,187	$ 544,874	$ 603,521	$ 659,718
Operating Income									77,784	98,289	108,660
Identifiable Assets	2,319,263				2,453,115				2,319,263	2,453,115
New Zealand JV
Revenues from External Customers and Long-Lived Assets [Line Items]
Operating income gain from consolidation of New Zealand JV											16,200
Geographic Operating Information \| United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales									302,074	317,422	380,575
Operating Income									73,749	87,116	80,158
Identifiable Assets	1,826,462				1,884,585				1,826,462	1,884,585
Geographic Operating Information \| New Zealand
Revenues from External Customers and Long-Lived Assets [Line Items]
Sales									242,800	286,099	279,143
Operating Income									4,035	11,173	$ 28,502
Identifiable Assets	$ 492,801				$ 568,530				$ 492,801	$ 568,530

Debt - Schedule of Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Aug. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 31, 2012	Nov. 30, 2011
Debt Instrument [Line Items]
Total debt	$ 833,879		$ 751,555
Less: Current maturities of long-term debt	0		(129,706)
Long-term debt	$ 833,879		$ 621,849
Variable interest rate	6.21%		6.21%	6.21%
Senior Notes due 2022 at a fixed interest rate of 3.75%
Debt Instrument [Line Items]
Total debt	$ 325,000		$ 325,000
Fixed interest rate	3.75%		3.75%		3.75%
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50%
Debt Instrument [Line Items]
Total debt	$ 0		$ 129,706
Fixed interest rate	4.50%	4.50%	4.50%	4.50%
Mortgage notes due 2017 at fixed interest rates of 4.35%
Debt Instrument [Line Items]
Total debt	$ 42,638		$ 53,801
Fixed interest rate	4.35%		4.35%			4.35%
Solid waste bonds due 2020 at a variable interest rate of 1.3% at December 31, 2015
Debt Instrument [Line Items]
Total debt	$ 15,000		$ 15,000
Fixed interest rate	1.30%		1.30%
Revolving Credit Facility borrowings at a variable interest rate of 1.34% at December 31, 2014
Debt Instrument [Line Items]
Total debt	$ 0		$ 16,000
Variable interest rate			1.34%
Revolving Credit Facility borrowings due 2020 at a variable interest rate of 1.6% at December 31, 2015
Debt Instrument [Line Items]
Total debt	$ 97,000		$ 0
Variable interest rate	1.60%
Term Credit Agreement borrowings due 2024 at a variable interest rate of 1.9% at December 31, 2015
Debt Instrument [Line Items]
Total debt	$ 170,000		0
Variable interest rate	1.90%
New Zealand JV Revolving Credit Facility due 2016 at a variable interest rate of 3.54% at December 31, 2015
Debt Instrument [Line Items]
Total debt	$ 160,999		184,099
Variable interest rate	3.54%
New Zealand JV Noncontrolling interest shareholder loan at 0% interest rate
Debt Instrument [Line Items]
Total debt	$ 23,242		$ 27,949
Fixed interest rate	0.00%		0.00%

Debt - Schedule of Maturities of Long-term Debt (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014
Maturities of Long-term Debt [Abstract]
2016	$ 160,999,000
2017	42,000,000
2018	0
2019	0
2020	112,000,000
Thereafter	518,242,000
Total debt	833,241,000
Mortgage notes due 2017 at fixed interest rates of 4.35%
Maturities of Long-term Debt [Abstract]
Unamortized premium	600,000	$ 1,300,000
Amount due upon maturity	$ 42,000,000

Debt - Term Credit Agreement (Narrative) (Details) - USD ($)		1 Months Ended
	Aug. 05, 2015	Aug. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Effective percentage rate			6.21%	6.21%	6.21%
Line of Credit
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 550,000,000
Unsecured Revolving Credit Agreement Expiring 2020
Debt Instrument [Line Items]
Maximum borrowing capacity		$ 200,000,000
Debt instrument term, years		5 years
Basis spread on variable rate, percentage		1.25%
Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 350,000,000
Debt instrument term, years	9 years
Basis spread on variable rate, percentage	1.625%
Commitment fee percentage	0.175%
Effective percentage rate			3.30%
Unused borrowing capacity			$ 180,000,000

Debt - Revolving Credit Facility (Narrative) (Details) - USD ($)	1 Months Ended
	Aug. 31, 2015	Dec. 31, 2015
Line of Credit Facility [Line Items]
Commitment fee percentage	0.175%
Unsecured Revolving Credit Agreement Expiring 2020
Line of Credit Facility [Line Items]
Line of credit facility term, years	5 years
Maximum borrowing capacity	$ 200,000,000
Basis spread on variable rate, percentage	1.25%
Remaining borrowing capacity		$ 101,200,000
Unsecured Revolving Credit Agreement Expiring 2020 \| Standby Letters of Credit
Line of Credit Facility [Line Items]
Letters of credit		$ 1,800,000
Revolving Credit Facility Due 2016
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 200,000,000
Revolving Credit Facility Due December 2019
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 100,000,000

Debt - Joint Venture Debt (Narrative) (Details)	Apr. 30, 2013	Apr. 04, 2013
Debt Disclosure [Abstract]
Percentage of voting interests acquired		39.00%
Ownership percentage by parent	65.00%	65.00%

Debt - Senior Secured Facilities Agreement (Narrative) (Details)	Dec. 31, 2015 USD ($) tranche
Debt Instrument [Line Items]
Number of tranches \| tranche	2
Tranche A, Revolving Cash Advance Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 161,000,000
Tranche B, Working Capital Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	27,000,000
New Zealand JV \| Senior Secured Facilities Agreement
Debt Instrument [Line Items]
Maximum borrowing capacity	188,000,000
New Zealand JV \| Tranche B, Working Capital Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 27,000,000

Debt - Senior Secured Facilities Agreement - Revolving Credit Facility (Narrative) (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Aug. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Commitment fee percentage	0.175%
Interest rate index period, in days		90 days
Effective percentage rate		6.21%	6.21%	6.21%
Not Designated as Hedging Instrument \| Interest rate swaps
Debt Instrument [Line Items]
Derivative, Notional Amount, Net of Current Expirations		$ 130
Percentage of JV variable debt hedged by long-term interest rate derivatives		81.00%
New Zealand JV
Debt Instrument [Line Items]
Basis spread on variable rate, percentage		0.80%
Line of Credit Facility, Credit Line Fee		0.80%
Effective percentage rate		6.30%
Tranche A, Revolving Cash Advance Facility \| Not Designated as Hedging Instrument \| Interest rate swaps
Debt Instrument [Line Items]
Percentage of JV variable debt hedged by long-term interest rate derivatives		81.00%
Tranche A, Revolving Cash Advance Facility \| New Zealand JV
Debt Instrument [Line Items]
Amount outstanding		$ 161
Interest rate during period		3.54%
Commitment fee percentage		80.00%

Debt - Senior Secured Facilities Agreement - Working Capital Facility (Narrative) (Details)	12 Months Ended
	Dec. 31, 2015 USD ($)
New Zealand JV
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.80%
Tranche B, Working Capital Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 27,000,000
Tranche B, Working Capital Facility \| New Zealand JV
Debt Instrument [Line Items]
Maximum borrowing capacity	27,000,000
Amount outstanding	$ 0
Tranche B, Working Capital Facility \| New Zealand JV \| Minimum
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	0.94%
Tranche B, Working Capital Facility \| New Zealand JV \| Maximum
Debt Instrument [Line Items]
Basis spread on variable rate, percentage	1.04%

- Definition

The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement.

+ References + Details

Debt - Shareholder Loan (Narrative) (Details)	Dec. 31, 2015 USD ($)
Noncontrolling interest shareholder loan at 0% interest rate \| New Zealand JV
Debt Instrument [Line Items]
Face amount	$ 23,000,000

Debt - 3.75% Senior Notes issued March 2012 (Narrative) (Details) - Senior Notes due 2022 at a fixed interest rate of 3.75% - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2012
Debt Instrument [Line Items]
Face amount			$ 325,000,000
Fixed interest rate	3.75%	3.75%	3.75%
Senior Notes
Debt Instrument [Line Items]
Face amount			$ 325,000,000
Fixed interest rate			3.75%

Debt - $105 Million Secured Mortgage Notes Assumed (Narrative) (Details) $ in Thousands	1 Months Ended	12 Months Ended
	Nov. 30, 2011 USD ($) a	Dec. 31, 2015 USD ($) a	Dec. 31, 2014 USD ($) a
Debt Instrument [Line Items]
Acres acquired \| a	250,000	36,750	62,344
Carrying value of debt		$ 833,879	$ 751,555
Mortgage notes due 2017 at fixed interest rates of 4.35%
Debt Instrument [Line Items]
Noncash or part noncash acquisition, debt assumed	$ 105,000
Fixed interest rate	4.35%	4.35%	4.35%
Debt instrument term, years	7 years
Repayments of secured debt	$ 21,000	$ 10,500	$ 10,500
Carrying value of debt		42,638	$ 53,801
Outstanding principal		$ 42,000

Debt - 4.50% Senior Exchangeable Notes issued August 2009 (Narrative) (Details) - Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% - USD ($) $ in Millions	1 Months Ended
	Aug. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Debt Instrument [Line Items]
Extinguishment of debt, amount	$ 131
Fixed interest rate	4.50%	4.50%	4.50%	4.50%

Debt - Schedule of Convertible Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Aug. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Schedule of Convertible Debt [Line Items]
Common stock			$ 8,850
4.50% Senior Exchangeable Notes
Schedule of Convertible Debt [Line Items]
Principal amount of debt			130,973
Unamortized discount			(1,267)
Net carrying amount of debt			$ 129,706
Fixed interest rate	4.50%	4.50%	4.50%	4.50%

Debt - Interest Related to Convertible Debt (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Aug. 31, 2015
Schedule of Convertible Debt [Line Items]
Amortization of debt discount	$ 604	$ 1,092	$ 1,215
Effective percentage rate	6.21%	6.21%	6.21%
4.50% Senior Exchangeable Notes
Schedule of Convertible Debt [Line Items]
Contractual interest coupon	$ 3,438	$ 5,930	$ 7,271
Amortization of debt discount	$ 1,267	$ 1,957	$ 2,281
Fixed interest rate	4.50%	4.50%	4.50%	4.50%
Convertible Debt
Schedule of Convertible Debt [Line Items]
Total interest expense recognized	$ 4,705	$ 7,887	$ 9,552

Debt - Debt Covenants (Narrative) (Details)	Aug. 05, 2015 USD ($)
Term Loan Facility
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 350,000,000

Higher and Better Use Timberlands and Real Estate Development Costs (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)
Real Estate, Land and Land Development Costs [Roll Forward]
Non-current portion, beginning balance	$ 77,433
Plus: Current portion, beginning balance	4,932
Total Balance, beginning	82,365
Non-cash cost of land and real estate sold	(5,445)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(4,820)
Capitalized real estate development investments	2,676
Capital expenditures (silviculture)	308
Intersegment transfers	2,695
Other	(77)
Total Balance, ending	77,702
Less: Current portion, ending balance	(12,252)
Non-current portion, ending balance	65,450
Land and Timber
Real Estate, Land and Land Development Costs [Roll Forward]
Non-current portion, beginning balance	65,959
Plus: Current portion, beginning balance	4,875
Total Balance, beginning	70,834
Non-cash cost of land and real estate sold	(5,101)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	(4,820)
Capitalized real estate development investments	0
Capital expenditures (silviculture)	308
Intersegment transfers	2,695
Other	0
Total Balance, ending	63,916
Less: Current portion, ending balance	(6,019)
Non-current portion, ending balance	57,897
Development Investments
Real Estate, Land and Land Development Costs [Roll Forward]
Non-current portion, beginning balance	11,474
Plus: Current portion, beginning balance	57
Total Balance, beginning	11,531
Non-cash cost of land and real estate sold	(344)
Timber depletion from harvesting activities and basis of timber sold in real estate sales	0
Capitalized real estate development investments	2,676
Capital expenditures (silviculture)	0
Intersegment transfers	0
Other	(77)
Total Balance, ending	13,786
Less: Current portion, ending balance	(6,233)
Non-current portion, ending balance	$ 7,553

Joint Venture Investment - Narrative (Details) a in Millions, $ in Millions		12 Months Ended
	Apr. 04, 2013 USD ($) a	Dec. 31, 2013 USD ($)	Apr. 30, 2013	Apr. 03, 2013
Business Acquisition [Line Items]
Percentage of voting interests acquired	39.00%
Acres of timberland owned \| a	0.4
Ownership percentage by parent	65.00%		65.00%
Noncontrolling interest ownership percentage by noncontrolling owners	35.00%		35.00%
Step acquisition percentage equity interest in acquiree		26.00%		26.00%
Purchase price	$ 139.9
Step acquisition equity interest in acquiree, fair value	93.3
Recognition of deferred gain on original sale of operations
Business Acquisition [Line Items]
Step acquisition equity interest in acquiree remeasurement gain, net	10.1
Gain on fair market value revaluation of equity interest
Business Acquisition [Line Items]
Step acquisition equity interest in acquiree remeasurement gain, net	$ 6.1
New Zealand JV
Business Acquisition [Line Items]
Percentage of voting interests acquired	39.00%
Acres of timberland owned \| a	0.4
Ownership percentage by parent	65.00%
Step acquisition equity interest in acquiree remeasurement gain, net		$ 16.2

Joint Venture Investment - Pro Forma Sales and Net Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Business Combinations [Abstract]
Sales	$ 544,874	$ 603,521	$ 1,742,348
Net Income	$ 43,941	$ 97,846	$ 372,039

Commitments (Details) $ in Thousands	12 Months Ended
Commitments (Details) $ in Thousands	Dec. 31, 2015 USD ($) lease	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Recorded Unconditional Purchase Obligation, Fiscal Year Maturity Schedule [Abstract]
2016	$ 7,253
2017	6,023
2018	5,585
2019	4,114
2020	3,455
Thereafter	15,057
Total	41,487
Purchase Obligation, Fiscal Year Maturity [Abstract]
2016	20,292
2017	18,340
2018	15,693
2019	13,594
2020	12,408
Thereafter	177,742
Total	$ 258,069
Matariki Crown Forest Licenses
Purchase Obligation, Fiscal Year Maturity [Abstract]
Future minimum payments included, years	20 years
Lessee Leasing Arrangements, Operating Leases, Termination Notice (in years)	35 years
Lessee Leasing Arrangements, Operating Leases, Renewal Term (in years)	1 year
Number of Leases Under Termination Notice \| lease	4
Number of Fixed Term Forest Leases Expiring \| lease	2
Operating Leases
Operating Leased Assets [Line Items]
Rent expense	$ 2,300	$ 1,900	$ 2,300
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2016	1,865
2017	1,444
2018	736
2019	606
2020	521
Thereafter	1,584
Total	6,756
Timber Properties
Operating Leased Assets [Line Items]
Expenditures for long-term leases and deeds on timberlands	11,300	$ 12,800	$ 13,200
Operating Leases, Future Minimum Payments Due, Fiscal Year Maturity [Abstract]
2016	11,174
2017	10,873
2018	9,372
2019	8,874
2020	8,432
Thereafter	161,101
Total	$ 209,826
Timber Properties \| United States \| Minimum
Operating Leased Assets [Line Items]
Lessee leasing arrangements, operating leases, term of contract (in years)	30 years
Timber Properties \| United States \| Maximum
Operating Leased Assets [Line Items]
Lessee leasing arrangements, operating leases, term of contract (in years)	65 years
Timber Properties \| New Zealand \| Minimum
Operating Leased Assets [Line Items]
Lessee leasing arrangements, operating leases, term of contract (in years)	30 years
Timber Properties \| New Zealand \| Maximum
Operating Leased Assets [Line Items]
Lessee leasing arrangements, operating leases, term of contract (in years)	99 years

Income Taxes - AFMC and CBPC - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Dec. 31, 2009 tax_credit $ / gal
AFMC for CBPC Exchange [Line Items]
Number of tax credits \| tax_credit				2
Valuation allowance adjustment	$ 3,607	$ 0	$ 0
Valuation allowance	18,248	13,644
Alternative Fuel Mixture Credit
AFMC for CBPC Exchange [Line Items]
Tax credit amount per gallon (USD per gallon) \| $ / gal				0.50
Cellulosic Biofuel Producer Credit
AFMC for CBPC Exchange [Line Items]
Tax credit amount per gallon (USD per gallon) \| $ / gal				1.01
Valuation allowance adjustment	1,000
Valuation allowance	$ 14,600	$ 13,600
Exchange of Alternative Fuel Tax Benefit
AFMC for CBPC Exchange [Line Items]
Net tax benefit from AFMC for CBPC exchange			$ 18,800

Income Taxes - Schedule of Components of Income Tax Expense (Benefit) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Current
U.S. federal	$ (624)	$ 27,521	$ 27,338
State	226	1,353	1,462
Foreign	(308)	0	(261)
Total Current	(706)	28,874	28,539
Deferred
U.S. federal	3,702	(7,260)	22,649
State	107	(357)	1,211
Foreign	2,360	1,633	(2,119)
Total Deferred	6,169	(5,984)	21,741
Changes in valuation allowance	(4,604)	(13,289)	(14,595)
Total	$ 859	$ 9,601	$ 35,685

Income Taxes - Schedule of Effective Income Tax Rate Reconciliation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Effective Income Tax Rate Reconciliation, Amount [Abstract]
U.S. federal statutory income tax rate	$ (15,079)	$ (15,695)	$ (24,555)
U.S. and foreign REIT income and U.S. TRS taxable losses	19,446	32,058	52,812
U.S. net deferred tax asset valuation allowance	(3,607)	0	0
Foreign TRS operations	1,097	(159)	(95)
Loss on early redemption of Senior Exchangeable Notes	0	0	(859)
Other	5	112	101
Income tax benefit before discrete items	1,862	16,316	27,404
CBPC valuation allowance	(997)	(13,644)	0
Deferred tax inventory valuations	0	5,151	983
Uncertain tax positions	0	1,830	800
Gain related to consolidation of New Zealand joint venture	0	0	5,634
Reversal of REIT BIG tax payable	0	0	485
Other	(6)	(52)	379
Total	$ 859	$ 9,601	$ 35,685
Effective Income Tax Rate Reconciliation, Percent [Abstract]
U.S. federal statutory income tax rate, percent	35.00%	35.00%	35.00%
REIT income and taxable losses, percent	(45.10%)	(71.50%)	(75.30%)
U.S. net deferred tax asset valuation allowance, percent	8.40%	0.00%	0.00%
Foreign operations, percent	(2.60%)	0.40%	0.10%
Loss on early redemption of Senior Exchangeable Notes, percent	(0.00%)	(0.00%)	1.20%
Other, percent	(0.00%)	(0.30%)	(0.10%)
Income tax benefit before discrete items, percent	(4.30%)	(36.40%)	(39.10%)
CBPC valuation allowance, percent	2.30%	30.40%	(0.00%)
Deferred tax inventory valuations, percent	(0.00%)	(11.50%)	(1.40%)
Uncertain tax positions, percent	(0.00%)	(4.10%)	(1.10%)
Gain related to consolidation of New Zealand joint venture, percent	(0.00%)	(0.00%)	(8.00%)
Reversal of REIT BIG tax payable, percent	0.00%	0.00%	(0.70%)
Other, percent	0.00%	0.20%	(0.60%)
Income tax benefit as reported for continuing operations, percent	(2.00%)	(21.40%)	(50.90%)

Income Taxes - Provision for Income Taxes from Discontinued Operations - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Mar. 01, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation, tax effect of discontinued operation	$ 0	$ 20,578	$ 106,396
Performance Fibers business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation, tax effect of discontinued operation		$ 20,578	84,398
Wood Products business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Discontinued operation, tax effect of discontinued operation			21,999
Base consideration received			$ 80,000	$ 80,000

- Definition

+ References + Details

Income Taxes - Schedule of Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Gross deferred tax assets:
Pension, postretirement and other employee benefits	$ 1,040	$ 1,994
New Zealand JV	65,078	71,482
CBPC Tax Credit Carry Forwards	14,641	13,644
Capitalized real estate costs	9,378	9,554
U.S. TRS Net Operating Loss	2,327	0
Other	7,050	8,067
Total gross deferred tax assets	99,514	104,741
Less: Valuation allowance	(18,248)	(13,644)
Total deferred tax assets after valuation allowance	81,266	91,097
Gross deferred tax liabilities:
Accelerated depreciation	(1,357)	(1,796)
Repatriation of foreign earnings	(7,251)	(8,817)
New Zealand JV	(68,551)	(78,008)
Timber installment sale	(7,511)	(7,511)
Other	(311)	(1,304)
Total gross deferred tax liabilities	(84,981)	(97,436)
Net deferred tax (liability)/asset	(3,715)	(6,339)
Net deferred tax (liability)/asset
Noncurrent portion of deferred tax asset (b)	0	8,057
Current portion of deferred tax liability (b)	0	(7,893)
Noncurrent portion of deferred tax liability (b)	(3,715)	(6,503)
Net deferred tax (liability)/asset	(3,715)	(6,339)
Return to accrual tax adjustment	$ 1,000	$ 1,000

Income Taxes - Summary of Operating Loss and Tax Credit Carryforwards (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
NOL Carryforwards
Deferred Tax Asset, Nontaxable Entities, Gross Amount	$ 3,607
Valuation Allowance, Nontaxable Entities	(3,607)
Total Valuation Allowance	(18,248)	$ (13,644)
Cellulosic Biofuel Producer Credit
NOL Carryforwards
Gross Amount, Tax Credits	14,641
Valuation Allowance, Tax Credits	$ (14,641)
Tax Credit Carryforward, Expiration Date	Dec. 31, 2019
New Zealand JV \| New Zealand JV NOL Carryforwards
NOL Carryforwards
Gross Amount, NOL Carryforwards	$ 232,846
Valuation Allowance, NOL Carryforwards	$ 0

Income Taxes - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
Income Taxes - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Abstract]
Prepaid taxes, noncurrent	$ 14.4	$ 14.4
Excess tax benefits (deficiency)	$ (0.3)	$ (0.8)	$ 8.4

Income Taxes - Summary of Income Tax Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning balance	$ 0	$ 10,547	$ 6,580
Decreases related to prior year tax positions	0	(10,547)	(800)
Increases related to prior year tax positions	135	0	4,767
Ending balance	$ 135	$ 0	$ 10,547

Income Taxes - Unrecognized Tax Benefits - Narrative (Details) - USD ($)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Unrecognized tax benefits	$ 135,000	$ 0	$ 10,547,000	$ 6,580,000
Unrecognized tax benefits that, if recognized, would affect the effective tax rate	0	0	6,600,000
Interest expense (benefit) on unrecognized income tax benefits	0	(500,000)	$ 100,000
Interest on income taxes accrued	$ 0	$ 0

Income Taxes - Summary of Income Tax Examinations (Details)	12 Months Ended
	Dec. 31, 2015
Minimum \| U.S. Internal Revenue Service
Income Tax Examination
Open Tax Year	2012
Minimum \| New Zealand Inland Revenue
Income Tax Examination
Open Tax Year	2011
Maximum \| U.S. Internal Revenue Service
Income Tax Examination
Open Tax Year	2015
Maximum \| New Zealand Inland Revenue
Income Tax Examination
Open Tax Year	2015

Contingencies - Narrative (Details) - Pending Litigation - claim	Jan. 09, 2015	Nov. 10, 2014
Loss Contingencies [Line Items]
Number of new claims filed		5
Number of consolidated claims filed	1

Guarantees (Details) $ in Thousands	12 Months Ended
Guarantees (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Guarantor Obligations [Line Items]
Maximum Potential Payment	$ 19,835
Carrying Amount of Liability	15,043
Standy letters of credit
Guarantor Obligations [Line Items]
Maximum Potential Payment	16,685
Carrying Amount of Liability	15,000
Guarantor obligations collateral for industrial revenue bonds	15,000
Guarantees
Guarantor Obligations [Line Items]
Maximum Potential Payment	2,254
Carrying Amount of Liability	43
Surety bonds
Guarantor Obligations [Line Items]
Maximum Potential Payment	896
Carrying Amount of Liability	$ 0

Earnings Per Common Share - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earnings Per Share [Abstract]
Income from continuing operations					$ 8,025	$ 32,059	$ 4,024	$ 10,335	$ 43,941	$ 54,443	$ 105,843
Less: Net (loss) income from continuing operations attributable to noncontrolling interest									(2,224)	(1,491)	1,902
Income from continuing operations attributable to Rayonier Inc.									46,165	55,934	103,941
Income from discontinued operations attributable to Rayonier Inc.									0	43,403	267,955
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 10,285	$ 19,669	$ (1,536)	$ 17,747	$ 8,857	$ 32,701	$ 16,353	$ 41,426	$ 46,165	$ 99,337	$ 371,896
Shares used for determining basic earnings per common share									125,385,085	126,458,710	125,717,311
Dilutive effect of:
Stock options (in shares)									116,792	323,125	463,949
Performance and restricted shares (in shares)									39,863	149,292	158,319
Assumed conversion of Senior Exchangeable Notes (in shares)									358,449	2,149,982	1,965,177
Assumed conversion of warrants (in shares)									0	1,957,154	1,800,345
Shares used for determining diluted earnings per common share									125,900,189	131,038,263	130,105,101
Basic earnings per common share attributable to Rayonier Inc.:
Continuing Operations (in dollars per share)					$ 0.07	$ 0.26	$ 0.03	$ 0.08	$ 0.37	$ 0.44	$ 0.83
Discontinued Operations (in dollars per share)									0.00	0.34	2.13
Net Income (in dollars per share)	$ 0.08	$ 0.16	$ (0.01)	$ 0.14	0.07	0.26	0.13	0.33	0.37	0.78	2.96
Diluted earnings per common share attributable to Rayonier Inc.:
Continuing Operations (in dollars per share)					0.07	0.25	0.03	0.08	0.37	0.43	0.80
Discontinued Operations (in dollars per share)					0.00	0.00	0.09	0.24	0.00	0.33	2.06
Net income (in dollars per share)	$ 0.08	$ 0.16	$ (0.01)	$ 0.14	$ 0.07	$ 0.25	$ 0.12	$ 0.32	$ 0.37	$ 0.76	$ 2.86

Earnings Per Common Share - Schedule of Antidilutive Shares Excluded from the Computation of Diluted Earnings Per Share (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	1,256,249	2,611,645	2,302,322
Stock options, performance and restricted shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	897,800	461,663	337,145
Assumed conversion of exchangeable note hedges
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Total	358,449	2,149,982	1,965,177

Earnings Per Common Share (Narrative) (Details) - USD ($) $ / shares in Units, $ in Millions	2 Months Ended	12 Months Ended
	Oct. 31, 2013	Dec. 31, 2013	Dec. 31, 2015
Warrants on Senior Exchangeable Notes due 2012
Class of Warrant or Right [Line Items]
Shares issued on conversion of warrants		2,135,221
Warrants on Senior Exchangeable Notes due 2015
Class of Warrant or Right [Line Items]
Strike price of warrants (dollars per share)			$ 28.11
Senior Exchangeable Notes due 2015
Class of Warrant or Right [Line Items]
Redemption amount settled	$ 41.5

Derivative Financial Instruments and Hedging Activities (Narrative) (Details) - USD ($) $ in Thousands	1 Months Ended	12 Months Ended
	Aug. 31, 2015	Dec. 31, 2015	Dec. 31, 2014
Derivative [Line Items]
Derivative, basis spread on variable rate	1.625%
Derivative, average variable interest rate	2.35%
Designated as Hedging Instrument \| Cash Flow Hedging
Derivative [Line Items]
AOCI gain (loss) balance expected to be reclassified in next twelve months		$ (1,600)
Foreign Currency Exchange and Option Contracts, Scale 1
Derivative [Line Items]
Maximum foreign currency cash flow hedge, period (in months)		3 months
Foreign currency option contracts
Derivative [Line Items]
Notional amount	$ 332,000
Foreign currency option contracts \| Designated as Hedging Instrument \| Cash Flow Hedging
Derivative [Line Items]
Notional amount		$ 107,200	$ 79,400
Interest rate swaps
Derivative [Line Items]
Notional amount	$ 170,000
Derivative, term of contract (in years)	9 years
Derivative, basis spread on variable rate	1.625%
Derivative, average variable interest rate	2.20%
Interest rate swaps \| Not Designated as Hedging Instrument
Derivative [Line Items]
Notional amount		$ 130,169	161,968
Percentage of JV variable debt hedged by long-term interest rate derivatives		81.00%
Interest rate swaps \| Designated as Hedging Instrument \| Cash Flow Hedging
Derivative [Line Items]
Notional amount		$ 350,000	$ 0
Forward Interest Rate Swap
Derivative [Line Items]
Notional amount	$ 180,000
Derivative, term of contract (in years)	9 years
Minimum
Derivative [Line Items]
Foreign currency exposure hedged for forecasted sales in next three months, percent		50.00%
Foreign currency exposure hedged for forecasted sales In next three to twelve months, percent		50.00%
Foreign currency exposure hedged for forecasted sales in next 12 to 18 months, percent		50.00%
Minimum \| Foreign Currency Exchange and Option Contracts, Scale 2
Derivative [Line Items]
Foreign currency cash flow hedge, period (in months)		3 months
Minimum \| Foreign Currency Exchange and Option Contracts, Scale 3
Derivative [Line Items]
Foreign currency cash flow hedge, period (in months)		12 months
Maximum
Derivative [Line Items]
Foreign currency exposure hedged for forecasted sales in next three months, percent		90.00%
Foreign currency exposure hedged for forecasted sales In next three to twelve months, percent		75.00%
Maximum \| Foreign Currency Exchange and Option Contracts, Scale 2
Derivative [Line Items]
Foreign currency cash flow hedge, period (in months)		12 months
Maximum \| Foreign Currency Exchange and Option Contracts, Scale 3
Derivative [Line Items]
Foreign currency cash flow hedge, period (in months)		18 months

Derivative Financial Instruments and Hedging Activities - Schedule of derivatives on the Consolidated Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts \| Other operating (income) expense
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in income	$ 0	$ 0	$ 652
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts \| Other comprehensive (loss) income
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in other comprehensive income	(205)	(1,069)	950
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency option contracts \| Other comprehensive (loss) income
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in other comprehensive income	370	(1,647)	460
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swaps \| Other comprehensive (loss) income
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in other comprehensive income	(10,197)	0	0
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency exchange contracts \| Other comprehensive (loss) income
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in other comprehensive income	2,875	(145)	0
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency option contracts \| Other comprehensive (loss) income
Derivative Instruments, Gain (Loss) [Line Items]
Designated hedged item, gain (loss) recognized in other comprehensive income	4,606	0	0
Not Designated as Hedging Instrument \| Foreign currency exchange contracts \| Other operating (income) expense
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (loss) recognized in income	0	25	(1,607)
Not Designated as Hedging Instrument \| Foreign currency option contracts \| Other operating (income) expense
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (loss) recognized in income	1,394	7	1,147
Not Designated as Hedging Instrument \| Interest rate swaps \| Interest and miscellaneous (expense) income
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (loss) recognized in income	(4,391)	(5,882)	6,085
Not Designated as Hedging Instrument \| Fuel hedge contracts \| Cost of sales (benefit)
Derivative Instruments, Gain (Loss) [Line Items]
Non-designated hedged item, gain (loss) recognized in income	$ 0	$ 160	$ (255)

Derivative Financial Instruments and Hedging Activities - Schedule of Notional Amounts of Outstanding Derivative Positions (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Aug. 31, 2015	Dec. 31, 2014
Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount		$ 332,000
Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional Amount		$ 170,000
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	$ 21,250		$ 28,540
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount	107,200		79,400
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional Amount	350,000		0
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency exchange contracts
Derivatives, Fair Value [Line Items]
Notional Amount	0		27,419
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency option contracts
Derivatives, Fair Value [Line Items]
Notional Amount	331,588		0
Not Designated as Hedging Instrument \| Interest rate swaps
Derivatives, Fair Value [Line Items]
Notional Amount	$ 130,169		$ 161,968

Derivative Financial Instruments and Hedging Activities - Schedule of Derivative Instruments in Statement of Financial Position (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Derivatives, Fair Value [Line Items]
Derivative Asset	$ 5,641	$ 688
Derivative Liability	(21,546)	(9,377)
Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset	5,233	431
Other assets
Derivatives, Fair Value [Line Items]
Derivative Asset	408	257
Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(2,866)	(1,934)
Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(18,680)	(7,443)
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset	43	132
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts \| Other assets
Derivatives, Fair Value [Line Items]
Derivative Asset	0	59
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(1,449)	(272)
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency exchange contracts \| Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(219)	0
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency option contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset	560	299
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency option contracts \| Other assets
Derivatives, Fair Value [Line Items]
Derivative Asset	408	198
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency option contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(1,393)	(1,439)
Designated as Hedging Instrument \| Cash Flow Hedging \| Foreign currency option contracts \| Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(217)	(196)
Designated as Hedging Instrument \| Cash Flow Hedging \| Interest rate swaps \| Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(10,197)	0
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency exchange contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	0	(223)
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency option contracts \| Other current assets
Derivatives, Fair Value [Line Items]
Derivative Asset	4,630	0
Designated as Hedging Instrument \| Net Investment Hedging \| Foreign currency option contracts \| Other current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	(24)	0
Not Designated as Hedging Instrument \| Interest rate swaps \| Other non-current liabilities
Derivatives, Fair Value [Line Items]
Derivative Liability	$ (8,047)	$ (7,247)

Fair Value Measurements - Carrying Amounts and Fair Values (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Current maturities of long-term debt	$ 0	$ (129,706)
Long-term debt	(833,879)	(621,849)
Carrying Amount \| Fair Value, Measurements, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	51,777	161,558
Restricted cash	23,525	6,688
Current maturities of long-term debt	0	(129,706)
Long-term debt	(833,879)	(621,849)
Carrying Amount \| Fair Value, Measurements, Recurring \| Foreign currency exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability	(1,625)	(304)
Carrying Amount \| Fair Value, Measurements, Recurring \| Foreign currency option contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability		(1,138)
Foreign Currency Contracts, Asset	3,964
Carrying Amount \| Fair Value, Measurements, Recurring \| Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	(18,244)	(7,247)
Fair Value \| Level 1 \| Fair Value, Measurements, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	51,777	161,558
Restricted cash	23,525	6,688
Current maturities of long-term debt	0	0
Long-term debt	0	0
Fair Value \| Level 1 \| Fair Value, Measurements, Recurring \| Foreign currency exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Asset	0	0
Fair Value \| Level 1 \| Fair Value, Measurements, Recurring \| Foreign currency option contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Asset	0	0
Fair Value \| Level 1 \| Fair Value, Measurements, Recurring \| Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	0	0
Fair Value \| Level 2 \| Fair Value, Measurements, Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and cash equivalents	0	0
Restricted cash	0	0
Current maturities of long-term debt	0	(156,762)
Long-term debt	(830,203)	(628,476)
Fair Value \| Level 2 \| Fair Value, Measurements, Recurring \| Foreign currency exchange contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability	(1,625)	(304)
Fair Value \| Level 2 \| Fair Value, Measurements, Recurring \| Foreign currency option contracts
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Foreign Currency Contracts, Liability		(1,138)
Foreign Currency Contracts, Asset	3,964
Fair Value \| Level 2 \| Fair Value, Measurements, Recurring \| Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Interest rate swaps	$ (18,244)	$ (7,247)

Employee Benefit Plans - Narrative (Details) $ in Millions	12 Months Ended
Employee Benefit Plans - Narrative (Details) $ in Millions	Dec. 31, 2015 USD ($) pension_plan	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)
Defined Benefit Plan Disclosure [Line Items]
Number of qualified defined benefit plans \| pension_plan	1
Net decrease in pension obligations	$ 100.0
Discount rate	4.00%		4.60%
Other comprehensive income (loss) transferred	$ (78.0)	$ 78.0
Other comprehensive income loss, tax	$ 45.0
Pension
Defined Benefit Plan Disclosure [Line Items]
Discount rate	4.20%	3.80%	4.60%
Settlement Payment Amount			$ 3.0
Effect of Plan Amendment on Benefit Obligation			$ 2.8
Expected long-term return on plan assets, percent	7.70%	8.50%	8.50%
Pension \| Income from Discontinued Operations, net
Defined Benefit Plan Disclosure [Line Items]
Recognized Loss Due to Settlements, Net of Tax			$ 0.5

Employee Benefit Plans - Change in PBO and Assets and Reconciliations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent liabilities	$ (34,137)	$ (33,477)
Pension
Defined Benefit Plan, Change in Benefit Obligation [Rollforward]
Projected benefit obligation at beginning of year	87,355	413,638
Service cost	1,484	3,923	$ 8,452
Interest cost	3,319	10,707	16,682
Actuarial (gain) loss	(5,332)	43,093
Employee contributions	0	0
Benefits paid	(2,821)	(11,288)
Transferred to Rayonier Advanced Materials	0	(372,718)
Projected benefit obligation at end of year	84,005	87,355	413,638
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	55,546	341,905
Actual return on plan assets	(1,241)	21,399
Employer contributions	29	1,103
Employee contributions	0	0
Benefits paid	(2,821)	(11,288)
Other expense	(543)	(607)
Transferred to Rayonier Advanced Materials	0	(296,966)
Fair value of plan assets at end of year	50,970	55,546	341,905
Defined Benefit Plan, Funded Status of Plan [Abstract]
Net accrued benefit cost	(33,035)	(31,809)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent assets	0	0
Current liabilities	(32)	(15)
Noncurrent liabilities	(33,003)	(31,794)
Net amount recognized	(33,035)	(31,809)
Postretirement
Defined Benefit Plan, Change in Benefit Obligation [Rollforward]
Projected benefit obligation at beginning of year	1,226	21,999
Service cost	11	402	1,056
Interest cost	52	537	937
Actuarial (gain) loss	(123)	2,250
Employee contributions	0	484
Benefits paid	(7)	(888)
Transferred to Rayonier Advanced Materials	0	(23,558)
Projected benefit obligation at end of year	1,159	1,226	21,999
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Fair value of plan assets at beginning of year	0	0
Actual return on plan assets	0	0
Employer contributions	7	404
Employee contributions	0	484
Benefits paid	(7)	(888)
Other expense	0	0
Transferred to Rayonier Advanced Materials	0	0
Fair value of plan assets at end of year	0	0	$ 0
Defined Benefit Plan, Funded Status of Plan [Abstract]
Net accrued benefit cost	(1,159)	(1,226)
Defined Benefit Plan, Amounts Recognized in Balance Sheet [Abstract]
Noncurrent assets	0	0
Current liabilities	(24)	(25)
Noncurrent liabilities	(1,135)	(1,201)
Net amount recognized	$ (1,159)	$ (1,226)

Employee Benefit Plans - Other Comprehensive Income (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Pension
Defined Benefit Plan Disclosure [Line Items]
Net (losses) gains	$ (477)	$ (37,559)	$ 60,171
Prior service cost	0	0	0
Negative plan amendment	0	0	0
Amortization of losses	3,733	6,542	20,914
Amortization of prior service cost	13	576	1,356
Amortization of negative plan amendment	0	0	0
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Net (losses) gains	123	(2,250)	3,206
Prior service cost	0	0	0
Negative plan amendment	0	0	3,372
Amortization of losses	12	288	675
Amortization of prior service cost	0	8	66
Amortization of negative plan amendment	$ 0	$ (137)	$ (105)

Employee Benefit Plans - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Pension
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	$ 0	$ (13)
Net (losses) gains	(27,710)	(30,965)
Negative plan amendment	0	0
Deferred income tax benefit (expense)	1,927	2,425
AOCI	(25,783)	(28,553)
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Prior service cost	0	0
Net (losses) gains	45	(90)
Negative plan amendment	0	0
Deferred income tax benefit (expense)	6	(22)
AOCI	$ 51	$ (112)

Employee Benefit Plans - Accumulated Benefit Obligations (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Projected benefit obligation	$ 84,005	$ 87,355
Accumulated benefit obligation	78,779	81,141
Fair value of plan assets	$ 50,970	$ 55,546

Employee Benefit Plans - Net Periodic Benefit Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income from Discontinued Operations, net
Defined Benefit Plan Disclosure [Line Items]
Net periodic benefit cost		$ 4,000	$ 14,900
Pension
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 1,484	3,923	8,452
Interest cost	3,319	10,707	16,682
Expected return on plan assets	(4,027)	(15,258)	(25,302)
Amortization of prior service cost	13	576	1,296
Amortization of losses	3,733	6,542	20,097
Amortization of negative plan amendment	0	0	0
Curtailment expense	0	0	60
Settlement expense	0	0	817
Net periodic benefit cost	4,522	6,490	22,102
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Service cost	11	402	1,056
Interest cost	52	537	937
Expected return on plan assets	0	0	0
Amortization of prior service cost	0	8	66
Amortization of losses	12	288	675
Amortization of negative plan amendment	0	(137)	(105)
Curtailment expense	0	0	0
Settlement expense	0	0	0
Net periodic benefit cost	$ 75	$ 1,098	$ 2,629

Employee Benefit Plans - AOCI Amortization in Next Fiscal Year (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($)
Pension
Defined Benefit Plan Disclosure [Line Items]
Amortization of loss (gain)	$ 2,426
Postretirement
Defined Benefit Plan Disclosure [Line Items]
Amortization of loss (gain)	$ (1)

Employee Benefit Plans - Assumptions Used in Calculations (Details)	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate, percent	4.00%		4.60%
Pension
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate, percent	4.20%	3.80%	4.60%
Rate of compensation, percent	4.50%	4.50%	4.60%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate (pre-spin off), percent	0.00%	4.60%	3.70%
Discount rate (post-spin off), percent	3.80%	4.04%	0.00%
Expected long-term return on plan assets, percent	7.70%	8.50%	8.50%
Rate of compensation increase, percent	4.50%	4.50%	4.60%
Postretirement
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Discount rate, percent	4.34%	3.96%	4.60%
Rate of compensation, percent	4.50%	4.50%	4.50%
Assumptions used to determine net periodic benefit cost for years ended December 31:
Discount rate (pre-spin off), percent	0.00%	4.60%	3.60%
Discount rate (post-spin off), percent	3.96%	4.00%	0.00%
Expected long-term return on plan assets, percent	0.00%	0.00%	0.00%
Rate of compensation increase, percent	4.50%	4.50%	4.50%

Employee Benefit Plans - Investment of Plan Assets (Details) - Pension	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of Plan Assets	100.00%	100.00%
Domestic equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of Plan Assets	40.00%	42.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum, percent	35.00%
Target allocation range maximum, percent	45.00%
International equity securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of Plan Assets	25.00%	23.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum, percent	20.00%
Target allocation range maximum, percent	30.00%
Domestic fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of Plan Assets	27.00%	27.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum, percent	25.00%
Target allocation range maximum, percent	29.00%
International fixed income securities
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of Plan Assets	5.00%	4.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum, percent	3.00%
Target allocation range maximum, percent	7.00%
Real estate fund
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Percentage of Plan Assets	3.00%	4.00%
Defined Benefit Plan, Assets, Target Allocations [Abstract]
Target allocation range minimum, percent	2.00%
Target allocation range maximum, percent	4.00%

Employee Benefit Plans - Fair Value Measurements (Details) - Pension - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 50,970	$ 55,546	$ 341,905
Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	13,774	15,149
Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	37,196	40,397
Domestic equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair Value	19,952	22,883
Domestic equity securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	3,781	4,557
Domestic equity securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	16,171	18,326
International equity securities
Defined Benefit Plan Disclosure [Line Items]
Fair Value	12,349	12,765
International equity securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	6,062	6,277
International equity securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	6,287	6,488
Domestic fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair Value	13,654	14,643
Domestic fixed income securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Domestic fixed income securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	13,654	14,643
International fixed income securities
Defined Benefit Plan Disclosure [Line Items]
Fair Value	2,348	2,428
International fixed income securities \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	2,348	2,428
International fixed income securities \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Real estate fund
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,583	1,887
Real estate fund \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,583	1,887
Real estate fund \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Short-term investments
Defined Benefit Plan Disclosure [Line Items]
Fair Value	1,084	940
Short-term investments \| Level 1
Defined Benefit Plan Disclosure [Line Items]
Fair Value	0	0
Short-term investments \| Level 2
Defined Benefit Plan Disclosure [Line Items]
Fair Value	$ 1,084	$ 940

Employee Benefit Plans - Expected Benefit Payments (Details) $ in Thousands	Dec. 31, 2015 USD ($)
Pension Benefits
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2016	$ 3,043
2017	3,204
2018	3,346
2019	3,543
2020	3,811
2021 - 2025	21,825
Postretirement Benefits
Defined Benefit Plan, Estimated Future Benefit Payments [Abstract]
2016	25
2017	27
2018	29
2019	32
2020	34
2021 - 2025	$ 211

Employee Benefit Plans - Defined Contribution Plans - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Cost recognized	$ 0.7	$ 1.6	$ 4.4
Amount of employer and related party securities included in plan assets	11.1	16.3
Contributions for 401k plan enhancement	$ 0.4	$ 0.5	$ 1.1

Incentive Stock Plans - Narrative (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit recognized related to stock-based compensation expense	$ 302	$ 1,714	$ 3,077
Selling and general expenses
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	3,752	7,100	10,700
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation cost	$ 635	$ 678	$ 942
Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in number of shares available for grants	1
Restricted Stock
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in number of shares available for grants	2.27
Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Reduction in number of shares available for grants	2.27
Rayonier Incentive Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized	15,800,000.0
Number of shares available for future grant	5,600,000

Incentive Stock Plans Schedule of Stock Based Compensation Cost (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation	$ 4,484	$ 7,869	$ 11,710
Tax benefit recognized related to stock-based compensation expense	302	1,714	3,077
Timber and Timberlands, Net
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs, Capitalized Amount	97	91	68
Selling and general expenses
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation cost	3,752	7,100	10,700
Cost of sales
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Stock-based compensation cost	$ 635	$ 678	$ 942

Incentive Stock Plans - Restricted Stock - Narrative (Details) - Restricted Stock $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($) anniversary shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting rate, percentage	33.00%
Vesting of First Batch, Anniversary \| anniversary	3
Vesting of Second Batch, Anniversary \| anniversary	4
Vesting of Third Batch, Anniversary \| anniversary	5
Number of Rayonier Advanced Materials shares for every three Rayonier shares \| shares	1
Number of Rayonier shares for issuance of one Rayonier Advanced Materials share \| shares	3
Unrecognized compensation cost \| $	$ 4.0
Weighted average period for recognition, years	3 years 7 months
Reissued 2013 Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	24 months
Performance Share Award 2013, Incremental
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	2 years
Incremental value \| $	$ 0.7
Incremental value adjusted for cancels \| $	$ 0.4

Incentive Stock Plans - Summary of Restricted Shares (Details) - Restricted Stock - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares granted	96,088	186,783	33,607
Weighted average price of restricted shares granted (in dollars per share)	$ 26.28	$ 36.42	$ 57.54
Intrinsic value of restricted stock outstanding	$ 4,434	$ 5,142	$ 1,652
Grant date fair value of restricted stock vested	2,632	1,318	1,266
Cash used to purchase common shares from current and former employees to pay minimum withholding tax requirements on restricted shares vested	$ 122	$ 24	$ 277

Incentive Stock Plans - Schedule of Restricted Stock Activity (Details) - Restricted Stock - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Number of Shares, Beginning Balance	184,023
Granted (in shares)	96,088	186,783	33,607
Vested (in shares)	(76,421)
Cancelled (in shares)	(3,951)
Number of Shares, Ending Balance	199,739	184,023
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 37.53
Granted (in dollars per share)	26.28	$ 36.42	$ 57.54
Vested (in dollars per share)	34.45
Cancelled (in dollars per share)	40.88
Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 33.09	$ 37.53

Incentive Stock Plans - Performance Share Units - Narrative (Details) - Performance Shares $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Award vesting period (in years)	3 years
Unrecognized compensation cost	$ 3.2
Weighted average period for recognition, years	2 years

Incentive Stock Plans - Summary of Performance Shares (Details) - Performance Shares - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common shares of Company stock reserved for performance shares granted during year	219,844	130,164	276,240
Weighted average fair value of performance share units granted (in dollars per share)	$ 29.62	$ 40.33	$ 59.16
Intrinsic value of outstanding performance share units	$ 3,822	$ 5,840	$ 22,092
Fair value of performance shares vested	0	0	6,961
Cash used to purchase common shares from current and former employees to pay minimum withholding tax requirements on restricted shares vested	$ 0	$ 1,834	$ 11,048

Incentive Stock Plans - Schedule of Performance Share Activity (Details) - Performance Shares - $ / shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Beginning Balance	209,024
Granted (in shares)	109,922
Other Cancellations/Adjustments (in shares)	(146,790)
Number of Shares, Ending Balance	172,156	209,024
Share-based Compensation Arrangement by Share-based Payment Award, Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract]
Weighted Average Grant Date Fair Value, Beginning Balance (in dollars per share)	$ 51.01
Weighted average price of restricted shares granted (in dollars per share)	29.62	$ 40.33	$ 59.16
Other Cancellations/Adjustments (in dollars per share)	56.00
Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 33.12	$ 51.01

Incentive Stock Plans - Schedule of Assumptions used for Performance Shares (Details) - Performance Shares	1 Months Ended	12 Months Ended
	Jul. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility		21.90%		23.20%
Risk-free rate		0.90%		0.40%
Re-issued 2014 Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility			19.70%
Risk-free rate			0.70%
Maximum term (in years)	2 years 6 months
2014 Performance Shares, as originally issued
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	22.80%
Risk-free rate	0.80%

Incentive Stock Plans - Non-Qualified Employee Stock Options - Narrative (Details) - Stock Options $ in Millions	12 Months Ended
	Dec. 31, 2015 USD ($) shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Maximum term (in years)	10 years
Award vesting period (in years)	3 years
Shares granted (in shares) \| shares	0
Expense recognition method, years	3 years
Unrecognized compensation cost \| $	$ 0.2
Weighted average period for recognition, years	1 year

Incentive Stock Plans - Schedule of Assumptions Used to Determine Fair Value, Options (Details) - Stock Options - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	39.30%	39.00%
Dividend yield	4.60%	3.40%
Risk-free rate	2.20%	1.00%
Expected life (in years)	6 years 3 months 18 days	6 years 3 months 18 days
Fair value per share of options granted	$ 10.58	$ 14.01
Fair value of options granted (in millions)	$ 3.2	$ 2.7
2014 Rayonier Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjusted fair value per share of options granted	$ 8.23
2013 Rayonier Stock Options
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Adjusted fair value per share of options granted		$ 10.70

Incentive Stock Plans - Schedule of Stock Option Activity (Details) - Stock Options $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2015 USD ($) $ / shares shares
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Number of Shares, Beginning Balance \| shares	1,369,900
Granted (in shares) \| shares	0
Exercised (in shares) \| shares	(113,082)
Cancelled or expired (in shares) \| shares	(37,084)
Number of Shares, Ending Balance \| shares	1,219,734
Number of Shares, Options exercisable \| shares	1,003,510
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Weighted Average Exercise Price (in dollars per common share), Beginning Balance \| $ / shares	$ 27.21
Granted (in dollars per share) \| $ / shares	0.00
Exercised (in dollars per share) \| $ / shares	18.95
Cancelled or expired (in dollars per share) \| $ / shares	32.86
Weighted Average Exercise Price (in dollars per common share), Ending Balance \| $ / shares	27.80
Weighted Average Exercise Price (in dollars per common share), Options exercisable \| $ / shares	$ 26.63
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Weighted Average Remaining Contractual term (in years), Options outstanding	5 years 3 months 18 days
Weighted Average Remaining Contractual term (in years), Options exercisable	4 years 8 months 12 days
Aggregate Intrinsic Value, Options outstanding \| $	$ 1,380
Aggregate Intrinsic Value, Options exercisable \| $	$ 1,380

Incentive Stock Plans - Summary of Additional Information for Stock Options (Details) - Stock Options - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Intrinsic value of options exercised	$ 773	$ 4,044	$ 12,263
Fair value of options vested	1,938	3,054	2,558
Cash received from exercise of options	$ 2,117	$ 5,579	$ 10,101

Other Operating Income, Net (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Other Income and Expenses [Abstract]
Lease income, primarily from hunting	$ 19,216	$ 17,569	$ 19,479
Other non-timber income	3,597	2,621	2,714
Foreign exchange (loss) gain	(89)	3,498	901
Gain on sale or disposal of property plant & equipment	7	48	287
(Loss) gain on foreign currency contracts, net	(5,338)	32	(192)
Legal and corporate development costs	0	(222)	(2,242)
Bankruptcy claim settlement	0	5,779	0
Gain (loss) on sale of carbon credits	352	(307)	0
Log trading agency and marketing fees	1,191	0	0
Miscellaneous income (expense), net	823	(2,507)	(2,460)
Total	$ 19,759	$ 26,511	$ 18,487

Inventory (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Inventory [Line Items]
Inventory	$ 15,351	$ 8,383
Real Estate Inventory
Inventory [Line Items]
Inventory	12,252	4,932
Log inventory
Inventory [Line Items]
Inventory	$ 3,099	$ 3,451

Other Assets (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
Other Assets (Narrative) (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
HBU real estate not expected to be sold within next 12 months	$ 65,400	$ 77,400
Goodwill	$ 8,478	9,694	$ 10,179
Time period proceeds from LKE sale maintained with third party intermediary	180 days
Capitalized debt issuance costs	$ 3,900	3,700
Capitalized computer software costs	$ 3,900	4,200
Software Costs
Goodwill [Line Items]
Amortization period, in years	5 years
Minimum
Goodwill [Line Items]
Period for recording prepaid logging roads	24 months
Maximum
Goodwill [Line Items]
Period for recording prepaid logging roads	60 months
Pacific Northwest
Goodwill [Line Items]
Prepaid Roads, Noncurrent	$ 5,700	4,700
New Zealand
Goodwill [Line Items]
Prepaid Roads, Noncurrent	2,300	$ 3,300
New Zealand JV \| New Zealand Timber
Goodwill [Line Items]
Goodwill	$ 8,500

Other Assets - Changes in Goodwill (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Changes to carrying amount
Goodwill Beginning Balance (net of $0 of accumulated impairment)	$ 9,694	$ 10,179
Acquisitions	0	0
Impairment	0	0
Foreign currency adjustment	(1,216)	(485)
Goodwill Ending Balance (net of $0 accumulated impairment)	$ 8,478	$ 9,694

Accumulated Other Comprehensive Income/(Loss) - Schedule of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		$ (4,825)	$ (46,139)
Other comprehensive income/(loss) before reclassifications		(36,365)	36,922
Amounts reclassified from accumulated other comprehensive loss		7,687	4,392
Net other comprehensive income/(loss)		(28,678)	41,314
Ending balance	$ (33,503)	(33,503)	(4,825)
Net losses transferred to Rayonier Advanced Materials Pension Plans		$ (78,000)	78,000
Additional Gains (Losses) from Revaluation Related to Spinoff			(30,000)
Discount rate	4.00%	4.00%		4.60%
Net periodic pension cost			$ 5,000
Pension Benefits
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Discount rate	4.20%	4.20%	3.80%	4.60%
Foreign currency translation adjustments
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		$ 25,533	$ 36,914
Other comprehensive income/(loss) before reclassifications		(27,983)	(11,381)
Amounts reclassified from accumulated other comprehensive loss		0	0
Net other comprehensive income/(loss)		(27,983)	(11,381)
Ending balance	$ (2,450)	(2,450)	25,533
Net investment hedges of New Zealand JV
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		(145)	0
Other comprehensive income/(loss) before reclassifications		6,416	(145)
Amounts reclassified from accumulated other comprehensive loss		0	0
Net other comprehensive income/(loss)		6,416	(145)
Ending balance	6,271	6,271	(145)
Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		(1,548)	(342)
Other comprehensive income/(loss) before reclassifications		(14,444)	510
Amounts reclassified from accumulated other comprehensive loss		4,400	(1,716)
Net other comprehensive income/(loss)		(10,044)	(1,206)
Ending balance	(11,592)	(11,592)	(1,548)
Employee benefit plans
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Beginning balance		(28,665)	(82,711)
Other comprehensive income/(loss) before reclassifications		(354)	47,938
Amounts reclassified from accumulated other comprehensive loss		3,287	6,108
Net other comprehensive income/(loss)		2,933	54,046
Ending balance	(25,732)	(25,732)	(28,665)
Reclassification out of Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss		4,400	(873)
Reclassification out of Accumulated Other Comprehensive Income \| Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Amounts reclassified from accumulated other comprehensive loss		4,400	(1,716)
Income tax benefit		$ 0	$ 843
Interest rate swaps \| Cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Roll Forward]
Other comprehensive income/(loss) before reclassifications	$ 10,200

Accumulated Other Comprehensive Income/(Loss) - Reclassifications (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other operating income, net	$ 19,759	$ 26,511	$ 18,487
Comprehensive loss attributable to noncontrolling interest	13,027	6,462	1,550
Income tax benefit	859	9,601	$ 35,685
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income	7,687	4,392
Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income	4,400	(1,716)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income	4,400	(873)
Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Comprehensive loss attributable to noncontrolling interest	(3,290)	1,352
Income tax benefit	(1,711)	797
Net (gain) loss on cash flow hedges reclassified from accumulated other comprehensive income	4,400	(1,716)
Income tax benefit	0	843
Realized loss (gain) on foreign currency exchange contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other operating income, net	5,366	(2,858)
Realized loss (gain) on foreign currency option contracts \| Reclassification out of Accumulated Other Comprehensive Income \| Accumulated Net Gain (Loss) from Designated or Qualifying Cash Flow Hedges
Reclassification Adjustment out of Accumulated Other Comprehensive Income on Derivatives [Line Items]
Other operating income, net	$ 4,035	$ (1,007)

Discontinued Operations - Narrative (Details) $ in Thousands		12 Months Ended
	Jun. 27, 2014 USD ($) company shares	Dec. 31, 2015 USD ($) T	Dec. 31, 2014 USD ($)	Dec. 31, 2013 USD ($)	Mar. 01, 2013 USD ($) lumber_mill
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rayonier Advanced Materials debt		$ 833,879	$ 751,555
Restricted cash received (paid)		16,836	(62,256)	$ 58,385
Payments of dividends	$ 63,200	$ 124,936	$ 257,517	237,016
Annual number of tons of hardwood that can be provided to former subsidiary \| T		120,000
Performance Fibers business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of post-spin companies \| company	2
Cash distribution from former subsidiary	$ 906,200
Rayonier Advanced Materials debt	950,000
Restricted cash received (paid)	(75,000)
Performance Fibers business \| Senior Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rayonier Advanced Materials debt	550,000
Performance Fibers business \| Medium-term Notes
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rayonier Advanced Materials debt	325,000
Performance Fibers business \| Line of Credit \| Revolving Credit Facility
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Rayonier Advanced Materials debt	$ 75,000
Performance Fibers business \| Common Stock
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Number of Rayonier Advanced Materials shares for every three Rayonier shares \| shares	1
Number of Rayonier shares for issuance of one Rayonier Advanced Materials share \| shares	3
Wood Products business
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	$ 80,000
Gain on disposal of discontinued operation, net of tax				42,100
Wood Products business \| Pension Benefits
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Recognized net loss due to settlements				$ 500

Discontinued Operations - Summary of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income tax expense					$ 0	$ (20,578)	$ (106,396)
Income from discontinued operations, net	$ 311	$ 0	$ 12,084	$ 31,008		43,403	267,955
Performance Fibers business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales						456,180	1,048,104
Cost of sales and other						(369,210)	(736,471)
Transaction expenses						(22,989)	(3,208)
Income from discontinued operations before income taxes						63,981	308,425
Income tax expense						(20,578)	(84,398)
Income from discontinued operations, net						43,403	224,027
Wood Products business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Sales							16,968
Cost of sales and other							(14,258)
Gain on sale of discontinued operations							63,217
Income from discontinued operations before income taxes							65,927
Income tax expense							(21,999)
Income from discontinued operations, net						$ 0	$ 43,928

Discontinued Operations - Interest Expense Allocated to Discontinued Operations (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Performance Fibers business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest expense allocated to the Performance Fibers business	$ (4,205)	$ (8,964)

Discontinued Operations - Depreciation, Amortization, and Capital Expenditures (Details) - Performance Fibers business - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and amortization	$ 37,985	$ 74,386
Capital expenditures	60,443	97,874
Jesup mill cellulose specialties expansion	$ 0	$ 148,262

Discontinued Operations - Major Classes of Performance Fibers Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Jun. 27, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Inventory	$ 15,351	$ 8,383
Property, plant and equipment, net	6,742	6,706
TOTAL ASSETS	2,319,263	2,453,115
Other current liabilities	21,103	25,857
Long-term debt	833,879	751,555
Non-current environmental liabilities		0		$ 69,543
PENSION AND OTHER POSTRETIREMENT BENEFITS	34,137	33,477
Other non-current liabilities	30,050	20,636
Deficit	612,760	790,697
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,319,263	$ 2,453,115
Performance Fibers business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Accounts receivable, net			$ 66,050
Inventory			121,705
Prepaid and other current assets			70,092
Property, plant and equipment, net			862,487
Other assets			103,400
TOTAL ASSETS			1,223,734
Accounts payable			65,522
Other current liabilities			51,006
Long-term debt			950,000
Non-current environmental liabilities			66,434
PENSION AND OTHER POSTRETIREMENT BENEFITS			102,633
Other non-current liabilities			7,269
Deficit			(19,130)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY			$ 1,223,734

Discontinued Operations - Elimination of Intercompany Hardwood Purchases (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Wood Products business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Hardwood purchases	$ 3,935	$ 3,051

Discontinued Operations - Major Classes of Wood Product Assets and Liabilities Sold (Details) - Wood Products business $ in Thousands	Mar. 01, 2013 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
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

Discontinued Operations - Reconciliation of Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended				12 Months Ended
	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2014	Dec. 31, 2013
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations	$ 311	$ 0	$ 12,084	$ 31,008	$ 43,403	$ 267,955
Performance Fibers business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations					43,403	224,027
Wood Products business
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Income from discontinued operations					$ 0	$ 43,928

- Definition

Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.12)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 5C
-Subparagraph (b)(2)
-URI http://asc.fasb.org/extlink&oid=51717284&loc=SL51721675-107760

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.14)
-URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=51716988&loc=d3e1012-107759

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3B
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721525-107759

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3A
-URI http://asc.fasb.org/extlink&oid=51716988&loc=SL51721523-107759

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 45
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=51716988&loc=d3e957-107759

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 205
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (b)
-URI http://asc.fasb.org/extlink&oid=51717284&loc=d3e1361-107760

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 13
-Article 7

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 15
-Article 5

+ Details

Liabilities for Dispositions and Discontinued Operations - Schedule of Change in Environmental Loss Contingencies (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Accrual for Environmental Loss Contingencies [Roll Forward]
Beginning balance	$ 76,378	$ 81,695
Expenditures charged to liabilities	(5,096)	(8,570)
Increase to liabilities	2,558	3,253
Contribution to Rayonier Advanced Materials	(73,840)	0
Ending balance	0	76,378
Less: Current portion	0	(6,835)
Non-current portion	$ 0	$ 69,543

Quarterly Results for 2015 and 2014 (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]
Sales	$ 137,111	$ 151,657	$ 115,801	$ 140,305	$ 147,360	$ 149,829	$ 163,145	$ 143,187	$ 544,874	$ 603,521	$ 659,718
Cost of sales	114,132	116,044	103,689	107,234	126,776	118,088	123,096	115,900	441,099	483,860	530,772
Income from continuing operations					8,025	32,059	4,024	10,335	43,941	54,443	105,843
Income from discontinued operations					311	0	12,084	31,008		43,403	267,955
NET INCOME	9,440	19,181	(2,860)	18,180	8,336	32,059	16,108	41,343	43,941	97,846	373,798
Net income (loss) attributable to Rayonier Inc.	$ 10,285	$ 19,669	$ (1,536)	$ 17,747	$ 8,857	$ 32,701	$ 16,353	$ 41,426	$ 46,165	$ 99,337	$ 371,896
Basic EPS attributable to Rayonier Inc.
Continuing Operations (in dollars per share)					$ 0.07	$ 0.26	$ 0.03	$ 0.08	$ 0.37	$ 0.44	$ 0.83
Discontinued Operations (in dollars per share)					0.00	0.00	0.10	0.25		0.34
Net Income (in dollars per share)	$ 0.08	$ 0.16	$ (0.01)	$ 0.14	0.07	0.26	0.13	0.33	0.37	0.78	2.96
Diluted EPS attributable to Rayonier Inc.
Continuing Operations (in dollars per share)					0.07	0.25	0.03	0.08	0.37	0.43	0.80
Discontinued Operations (in dollars per share)					0.00	0.00	0.09	0.24	0.00	0.33	2.06
Net income (in dollars per share)	$ 0.08	$ 0.16	$ (0.01)	$ 0.14	$ 0.07	$ 0.25	$ 0.12	$ 0.32	$ 0.37	$ 0.76	$ 2.86

Consolidating Financial Statements - Narrative (Details) - Senior Notes due 2022 at a fixed interest rate of 3.75% - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Mar. 31, 2012
Debt Instrument [Line Items]
Face amount			$ 325,000,000
Fixed interest rate	3.75%	3.75%	3.75%

Consolidating Financial Statements - Condensed Consolidating Statements of Income and Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Statement [Abstract]
SALES	$ 137,111	$ 151,657	$ 115,801	$ 140,305	$ 147,360	$ 149,829	$ 163,145	$ 143,187	$ 544,874	$ 603,521	$ 659,718
Costs and Expenses
Cost of sales	114,132	116,044	103,689	107,234	126,776	118,088	123,096	115,900	441,099	483,860	530,772
Selling and general expenses									45,750	47,883	55,433
Other operating income, net									(19,759)	(26,511)	(18,487)
Costs and Expenses, Total									467,090	505,232	567,718
Equity in income of New Zealand joint venture									0	0	562
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE									77,784	98,289	92,562
Gain related to consolidation of New Zealand joint venture									0	0	16,098
OPERATING INCOME									77,784	98,289	108,660
Interest expense									(31,699)	(44,248)	(40,941)
Interest and miscellaneous income (expense), net									(3,003)	(9,199)	2,439
Equity in income from subsidiaries									0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									43,082	44,842	70,158
Income tax (expense) benefit									859	9,601	35,685
INCOME FROM CONTINUING OPERATIONS					8,025	32,059	4,024	10,335	43,941	54,443	105,843
Income from discontinued operations, net of income tax expense of $0, $20,578 and $106,397					311	0	12,084	31,008		43,403	267,955
NET INCOME	9,440	19,181	(2,860)	18,180	8,336	32,059	16,108	41,343	43,941	97,846	373,798
Less: Net (loss) income attributable to noncontrolling interest									(2,224)	(1,491)	1,902
NET INCOME ATTRIBUTABLE TO RAYONIER INC.	$ 10,285	$ 19,669	$ (1,536)	$ 17,747	$ 8,857	$ 32,701	$ 16,353	$ 41,426	46,165	99,337	371,896
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense (benefit) of $1,066, ($78) and $0									(32,451)	(15,847)	(5,710)
New Zealand joint venture cash flow hedges									(9,961)	(1,855)	3,629
Net gain from pension and postretirement plans									2,933	54,046	61,869
Total other comprehensive income									(39,479)	36,344	59,788
COMPREHENSIVE INCOME									4,462	134,190	433,586
Less: Comprehensive loss attributable to noncontrolling interest									(13,027)	(6,462)	(1,550)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.									17,489	140,652	435,136
Rayonier Inc.(Parent Issuer)
Income Statement [Abstract]
SALES									0	0	0
Costs and Expenses
Cost of sales									0	0	0
Selling and general expenses									0	0	0
Other operating income, net									0	0	(1,701)
Costs and Expenses, Total									0	0	(1,701)
Equity in income of New Zealand joint venture											0
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE											1,701
Gain related to consolidation of New Zealand joint venture											0
OPERATING INCOME									0	0	1,701
Interest expense									(12,703)	(13,247)	(13,088)
Interest and miscellaneous income (expense), net									7,789	9,186	9,828
Equity in income from subsidiaries									51,079	103,398	373,455
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									46,165	99,337	371,896
Income tax (expense) benefit									0	0	0
INCOME FROM CONTINUING OPERATIONS										99,337	371,896
Income from discontinued operations, net of income tax expense of $0, $20,578 and $106,397										0	0
NET INCOME									46,165	99,337	371,896
Less: Net (loss) income attributable to noncontrolling interest									0	0	0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.									46,165	99,337	371,896
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense (benefit) of $1,066, ($78) and $0									(21,567)	(11,525)	(1,915)
New Zealand joint venture cash flow hedges									(10,042)	(1,206)	3,286
Net gain from pension and postretirement plans									2,933	54,046	61,869
Total other comprehensive income									(28,676)	41,315	63,240
COMPREHENSIVE INCOME									17,489	140,652	435,136
Less: Comprehensive loss attributable to noncontrolling interest									0	0	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.									17,489	140,652	435,136
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Consolidating Adjustments
Income Statement [Abstract]
SALES									0	0	0
Costs and Expenses
Cost of sales									0	0	0
Selling and general expenses									0	0	0
Other operating income, net									0	0	0
Costs and Expenses, Total									0	0	0
Equity in income of New Zealand joint venture											0
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE											0
Gain related to consolidation of New Zealand joint venture											0
OPERATING INCOME									0	0	0
Interest expense									0	0	0
Interest and miscellaneous income (expense), net									0	0	0
Equity in income from subsidiaries									(126,611)	(242,117)	(781,177)
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									(126,611)	(242,117)	(781,177)
Income tax (expense) benefit									0	0	0
INCOME FROM CONTINUING OPERATIONS										(242,117)	(781,177)
Income from discontinued operations, net of income tax expense of $0, $20,578 and $106,397										0	0
NET INCOME									(126,611)	(242,117)	(781,177)
Less: Net (loss) income attributable to noncontrolling interest									0	0	0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.									(126,611)	(242,117)	(781,177)
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense (benefit) of $1,066, ($78) and $0									21,567	23,052	3,830
New Zealand joint venture cash flow hedges									10,042	2,412	(6,572)
Net gain from pension and postretirement plans									(2,933)	(142,220)	(82,458)
Total other comprehensive income									28,676	(116,756)	(85,200)
COMPREHENSIVE INCOME									(97,935)	(358,873)	(866,377)
Less: Comprehensive loss attributable to noncontrolling interest									0	0	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.									(97,935)	(358,873)	(866,377)
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Subsidiary Guarantors
Income Statement [Abstract]
SALES									0	0	0
Costs and Expenses
Cost of sales									0	0	0
Selling and general expenses									20,468	14,578	9,821
Other operating income, net									(404)	3,275	4,730
Costs and Expenses, Total									20,064	17,853	14,551
Equity in income of New Zealand joint venture											0
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE											(14,551)
Gain related to consolidation of New Zealand joint venture											0
OPERATING INCOME									(20,064)	(17,853)	(14,551)
Interest expense									(9,135)	(23,571)	(28,430)
Interest and miscellaneous income (expense), net									2,612	(3,100)	(4,297)
Equity in income from subsidiaries									75,532	138,719	407,722
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									48,945	94,195	360,444
Income tax (expense) benefit									2,134	9,203	13,011
INCOME FROM CONTINUING OPERATIONS										103,398	373,455
Income from discontinued operations, net of income tax expense of $0, $20,578 and $106,397										0	0
NET INCOME									51,079	103,398	373,455
Less: Net (loss) income attributable to noncontrolling interest									0	0	0
NET INCOME ATTRIBUTABLE TO RAYONIER INC.									51,079	103,398	373,455
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense (benefit) of $1,066, ($78) and $0									7,922	(11,527)	(1,915)
New Zealand joint venture cash flow hedges									(10,195)	(1,206)	3,286
Net gain from pension and postretirement plans									2,933	54,046	61,869
Total other comprehensive income									660	41,313	63,240
COMPREHENSIVE INCOME									51,739	144,711	436,695
Less: Comprehensive loss attributable to noncontrolling interest									0	0	0
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.									51,739	144,711	436,695
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Non- guarantors
Income Statement [Abstract]
SALES									544,874	603,521	659,718
Costs and Expenses
Cost of sales									441,099	483,860	530,772
Selling and general expenses									25,282	33,305	45,612
Other operating income, net									(19,355)	(29,786)	(21,516)
Costs and Expenses, Total									447,026	487,379	554,868
Equity in income of New Zealand joint venture											562
OPERATING INCOME BEFORE GAIN RELATED TO CONSOLIDATION OF NEW ZEALAND JOINT VENTURE											105,412
Gain related to consolidation of New Zealand joint venture											16,098
OPERATING INCOME									97,848	116,142	121,510
Interest expense									(9,861)	(7,430)	577
Interest and miscellaneous income (expense), net									(13,404)	(15,285)	(3,092)
Equity in income from subsidiaries									0	0	0
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES									74,583	93,427	118,995
Income tax (expense) benefit									(1,275)	398	22,674
INCOME FROM CONTINUING OPERATIONS										93,825	141,669
Income from discontinued operations, net of income tax expense of $0, $20,578 and $106,397										43,403	267,955
NET INCOME									73,308	137,228	409,624
Less: Net (loss) income attributable to noncontrolling interest									(2,224)	(1,491)	1,902
NET INCOME ATTRIBUTABLE TO RAYONIER INC.									75,532	138,719	407,722
OTHER COMPREHENSIVE (LOSS) INCOME
Foreign currency translation adjustment, net of income tax expense (benefit) of $1,066, ($78) and $0									(40,373)	(15,847)	(5,710)
New Zealand joint venture cash flow hedges									234	(1,855)	3,629
Net gain from pension and postretirement plans									0	88,174	20,589
Total other comprehensive income									(40,139)	70,472	18,508
COMPREHENSIVE INCOME									33,169	207,700	428,132
Less: Comprehensive loss attributable to noncontrolling interest									(13,027)	(6,462)	(1,550)
COMPREHENSIVE INCOME ATTRIBUTABLE TO RAYONIER INC.									$ 46,196	$ 214,162	$ 429,682

Consolidating Financial Statements - Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
CURRENT ASSETS
Cash and cash equivalents	$ 51,777	$ 161,558	$ 199,644	$ 280,596
Accounts receivable, less allowance for doubtful accounts	20,222	24,018
Inventory	15,351	8,383
Prepaid logging roads	10,563	12,665
Prepaid expenses	2,091	5,049
Other current assets	5,681	2,031
Total current assets	105,685	213,704
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,066,780	2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	65,450	77,433
NET PROPERTY, PLANT AND EQUIPMENT	6,742	6,706
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	0	0
OTHER ASSETS (Note 19)	74,606	66,771
TOTAL ASSETS	2,319,263	2,453,115
CURRENT LIABILITIES
Accounts payable	21,479	20,211
Current maturities of long-term debt	0	129,706
Accrued taxes	3,685	11,405
Accrued payroll and benefits	7,037	6,390
Accrued interest	6,153	8,433
Other current liabilities	21,103	25,857
Total current liabilities	59,457	202,002
LONG-TERM DEBT	833,879	621,849
PENSION AND OTHER POSTRETIREMENT BENEFITS	34,137	33,477
OTHER NON-CURRENT LIABILITIES	30,050	20,636
INTERCOMPANY PAYABLE	0	0
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,288,084	1,488,470
Noncontrolling interest	73,656	86,681
TOTAL SHAREHOLDERS’ EQUITY	1,361,740	1,575,151	1,755,243	1,438,004
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	2,319,263	2,453,115
Rayonier Inc.(Parent Issuer)
CURRENT ASSETS
Cash and cash equivalents	2,472	102,218	130,181	252,888
Accounts receivable, less allowance for doubtful accounts	0	0
Inventory	0	0
Prepaid logging roads	0	0
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	2,472	102,218
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
INVESTMENT IN SUBSIDIARIES	1,321,681	1,463,303
INTERCOMPANY NOTES RECEIVABLE	34,567	248,233
OTHER ASSETS (Note 19)	2,305	2,763
TOTAL ASSETS	1,361,025	1,816,517
CURRENT LIABILITIES
Accounts payable	609	0
Current maturities of long-term debt		0
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	3,047	3,047
Other current liabilities	0	0
Total current liabilities	3,656	3,047
LONG-TERM DEBT	325,000	325,000
PENSION AND OTHER POSTRETIREMENT BENEFITS	0	0
OTHER NON-CURRENT LIABILITIES	0	0
INTERCOMPANY PAYABLE	(255,715)	0
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,288,084	1,488,470
Noncontrolling interest	0	0
TOTAL SHAREHOLDERS’ EQUITY	1,288,084	1,488,470
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,361,025	1,816,517
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Consolidating Adjustments
CURRENT ASSETS
Cash and cash equivalents	0	0	0	0
Accounts receivable, less allowance for doubtful accounts	0	0
Inventory	0	0
Prepaid logging roads	0	0
Prepaid expenses	0	0
Other current assets	0	0
Total current assets	0	0
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	0	0
NET PROPERTY, PLANT AND EQUIPMENT	0	0
INVESTMENT IN SUBSIDIARIES	(3,534,086)	(3,517,214)
INTERCOMPANY NOTES RECEIVABLE	0	(269,733)
OTHER ASSETS (Note 19)	0	0
TOTAL ASSETS	(3,534,086)	(3,786,947)
CURRENT LIABILITIES
Accounts payable	0	0
Current maturities of long-term debt		0
Accrued taxes	0	0
Accrued payroll and benefits	0	0
Accrued interest	0	(28,412)
Other current liabilities	0	0
Total current liabilities	0	(28,412)
LONG-TERM DEBT	0	0
PENSION AND OTHER POSTRETIREMENT BENEFITS	0	0
OTHER NON-CURRENT LIABILITIES	0	0
INTERCOMPANY PAYABLE	0	(277,712)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	(3,534,086)	(3,480,823)
Noncontrolling interest	0	0
TOTAL SHAREHOLDERS’ EQUITY	(3,534,086)	(3,480,823)
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	(3,534,086)	(3,786,947)
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Subsidiary Guarantors
CURRENT ASSETS
Cash and cash equivalents	13,217	8,105	11,023	23,324
Accounts receivable, less allowance for doubtful accounts	1,870	1,409
Inventory	0	0
Prepaid logging roads	0	0
Prepaid expenses	443	1,926
Other current assets	4,876	83
Total current assets	20,406	11,523
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	0	0
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	0	0
NET PROPERTY, PLANT AND EQUIPMENT	330	433
INVESTMENT IN SUBSIDIARIES	2,212,405	2,053,911
INTERCOMPANY NOTES RECEIVABLE	(610,450)	21,500
OTHER ASSETS (Note 19)	19,741	18,369
TOTAL ASSETS	1,642,432	2,105,736
CURRENT LIABILITIES
Accounts payable	1,463	2,810
Current maturities of long-term debt		129,706
Accrued taxes	(10)	11
Accrued payroll and benefits	3,594	3,253
Accrued interest	666	2,517
Other current liabilities	262	1,073
Total current liabilities	5,975	139,370
LONG-TERM DEBT	282,000	31,000
PENSION AND OTHER POSTRETIREMENT BENEFITS	34,822	34,161
OTHER NON-CURRENT LIABILITIES	16,914	6,436
INTERCOMPANY PAYABLE	(18,960)	431,466
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	1,321,681	1,463,303
Noncontrolling interest	0	0
TOTAL SHAREHOLDERS’ EQUITY	1,321,681	1,463,303
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	1,642,432	2,105,736
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Non- guarantors
CURRENT ASSETS
Cash and cash equivalents	36,088	51,235	$ 58,440	$ 4,384
Accounts receivable, less allowance for doubtful accounts	18,352	22,609
Inventory	15,351	8,383
Prepaid logging roads	10,563	12,665
Prepaid expenses	1,648	3,123
Other current assets	805	1,948
Total current assets	82,807	99,963
TIMBER AND TIMBERLANDS, NET OF DEPLETION AND AMORTIZATION	2,066,780	2,088,501
HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT INVESTMENTS (NOTE 6)	65,450	77,433
NET PROPERTY, PLANT AND EQUIPMENT	6,412	6,273
INVESTMENT IN SUBSIDIARIES	0	0
INTERCOMPANY NOTES RECEIVABLE	575,883	0
OTHER ASSETS (Note 19)	52,560	45,639
TOTAL ASSETS	2,849,892	2,317,809
CURRENT LIABILITIES
Accounts payable	19,407	17,401
Current maturities of long-term debt		0
Accrued taxes	3,695	11,394
Accrued payroll and benefits	3,443	3,137
Accrued interest	2,440	31,281
Other current liabilities	20,841	24,784
Total current liabilities	49,826	87,997
LONG-TERM DEBT	226,879	265,849
PENSION AND OTHER POSTRETIREMENT BENEFITS	(685)	(684)
OTHER NON-CURRENT LIABILITIES	13,136	14,200
INTERCOMPANY PAYABLE	274,675	(153,754)
TOTAL RAYONIER INC. SHAREHOLDERS’ EQUITY	2,212,405	2,017,520
Noncontrolling interest	73,656	86,681
TOTAL SHAREHOLDERS’ EQUITY	2,286,061	2,104,201
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 2,849,892	$ 2,317,809

Consolidating Financial Statements - Condensed Consolidating Statements of Cash Flow (Details) - USD ($) $ in Thousands		12 Months Ended
	Jun. 27, 2014	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Consolidated Statements of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES		$ 177,164	$ 320,416	$ 546,793
INVESTING ACTIVITIES
Capital expenditures		(57,293)	(63,713)	(63,203)
Capital expenditures from discontinued operations		0	(60,955)	(103,092)
Real estate development investments		(2,676)	(3,674)	(1,292)
Purchase of additional interest in New Zealand joint venture		0	0	(139,879)
Purchase of timberlands		(98,409)	(130,896)	(20,401)
Proceeds from settlement of foreign currency hedge		2,804	0	1,701
Jesup mill cellulose specialties expansion		0	0	(148,262)
Proceeds from disposition of Wood Products business		0	0	62,720
Change in restricted cash		(16,836)	62,256	(58,385)
Investment in Subsidiaries		0	0	0
Other		6,101	306	(447)
CASH USED FOR INVESTING ACTIVITIES		(166,309)	(196,676)	(470,540)
FINANCING ACTIVITIES
Issuance of debt		472,558	1,426,464	622,885
Repayment of debt		(364,402)	(1,289,637)	(549,485)
Dividends paid	$ (63,200)	(124,936)	(257,517)	(237,016)
Proceeds from the issuance of common shares		2,117	5,579	10,101
Excess tax benefits on stock-based compensation		0	0	8,413
Proceeds from repurchase of common shares		(100,000)	(1,858)	(11,326)
Debt issuance costs		(1,678)	(12,380)	0
Net cash disbursed upon spin-off of Performance Fibers business		0	(31,420)	0
Issuance of intercompany notes		0	0	0
Intercompany distributions		0	0	0
Other		(122)	(680)	(713)
CASH USED FOR FINANCING ACTIVITIES		(116,463)	(161,449)	(157,141)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(4,173)	(377)	(64)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		(109,781)	(38,086)	(80,952)
Balance, beginning of year		161,558	199,644	280,596
Balance, end of year		51,777	161,558	199,644
Rayonier Inc.(Parent Issuer)
Consolidated Statements of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES		(4,890)	269,653	407,712
INVESTING ACTIVITIES
Capital expenditures		0	0	0
Capital expenditures from discontinued operations			0	0
Real estate development investments		0	0	0
Purchase of additional interest in New Zealand joint venture				0
Purchase of timberlands		0	0	0
Proceeds from settlement of foreign currency hedge		0		0
Jesup mill cellulose specialties expansion				0
Proceeds from disposition of Wood Products business				0
Change in restricted cash		0	0	0
Investment in Subsidiaries		0	0	(138,178)
Other		0	0	0
CASH USED FOR INVESTING ACTIVITIES		0	0	(138,178)
FINANCING ACTIVITIES
Issuance of debt		61,000	0	175,000
Repayment of debt		(61,000)	0	(325,000)
Dividends paid		(124,936)	(257,517)	(237,016)
Proceeds from the issuance of common shares		2,117	5,579	10,101
Excess tax benefits on stock-based compensation				0
Proceeds from repurchase of common shares		(100,000)	(1,858)	(11,326)
Debt issuance costs		0	0
Net cash disbursed upon spin-off of Performance Fibers business			(31,420)
Issuance of intercompany notes		(35,500)	(12,400)	(4,000)
Intercompany distributions		163,585	0	0
Other		(122)	0	0
CASH USED FOR FINANCING ACTIVITIES		(94,856)	(297,616)	(392,241)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		0	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		(99,746)	(27,963)	(122,707)
Balance, beginning of year		102,218	130,181	252,888
Balance, end of year		2,472	102,218	130,181
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Consolidating Adjustments
Consolidated Statements of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES		0	(290,157)	(771,375)
INVESTING ACTIVITIES
Capital expenditures		0	0	0
Capital expenditures from discontinued operations			0	0
Real estate development investments		0	0	0
Purchase of additional interest in New Zealand joint venture				0
Purchase of timberlands		0	0	0
Proceeds from settlement of foreign currency hedge		0		0
Jesup mill cellulose specialties expansion				0
Proceeds from disposition of Wood Products business				0
Change in restricted cash		0	0	0
Investment in Subsidiaries		(126,242)	(798,875)	523,470
Other		0	0	0
CASH USED FOR INVESTING ACTIVITIES		(126,242)	(798,875)	523,470
FINANCING ACTIVITIES
Issuance of debt		0	0	0
Repayment of debt		0	0	0
Dividends paid		0	0	0
Proceeds from the issuance of common shares		0	0	0
Excess tax benefits on stock-based compensation				0
Proceeds from repurchase of common shares		0	0	0
Debt issuance costs		0	0
Net cash disbursed upon spin-off of Performance Fibers business			0
Issuance of intercompany notes		0	0	0
Intercompany distributions		126,242	1,089,032	247,905
Other		0	0	0
CASH USED FOR FINANCING ACTIVITIES		126,242	1,089,032	247,905
EFFECT OF EXCHANGE RATE CHANGES ON CASH		0	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		0	0	0
Balance, beginning of year		0	0	0
Balance, end of year		0	0	0
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Subsidiary Guarantors
Consolidated Statements of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES		(21,421)	293,193	417,074
INVESTING ACTIVITIES
Capital expenditures		(78)	(400)	(663)
Capital expenditures from discontinued operations			0	0
Real estate development investments		0	0	0
Purchase of additional interest in New Zealand joint venture				0
Purchase of timberlands		0	0	0
Proceeds from settlement of foreign currency hedge		0		1,701
Jesup mill cellulose specialties expansion				0
Proceeds from disposition of Wood Products business				0
Change in restricted cash		0	0	0
Investment in Subsidiaries		126,242	798,875	(385,292)
Other		0	0	0
CASH USED FOR INVESTING ACTIVITIES		126,164	798,475	(384,254)
FINANCING ACTIVITIES
Issuance of debt		353,000	201,000	390,000
Repayment of debt		(232,973)	(1,002,500)	(151,525)
Dividends paid		0	0	0
Proceeds from the issuance of common shares		0	0	0
Excess tax benefits on stock-based compensation				0
Proceeds from repurchase of common shares		0	0	0
Debt issuance costs		(1,678)	0
Net cash disbursed upon spin-off of Performance Fibers business			0
Issuance of intercompany notes		0	0	0
Intercompany distributions		(217,980)	(293,086)	(283,596)
Other		0	0	0
CASH USED FOR FINANCING ACTIVITIES		(99,631)	(1,094,586)	(45,121)
EFFECT OF EXCHANGE RATE CHANGES ON CASH		0	0	0
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		5,112	(2,918)	(12,301)
Balance, beginning of year		8,105	11,023	23,324
Balance, end of year		13,217	8,105	11,023
Senior Notes due 2022 at a fixed interest rate of 3.75% \| Non- guarantors
Consolidated Statements of Cash Flows [Abstract]
CASH PROVIDED BY OPERATING ACTIVITIES		203,475	47,727	493,382
INVESTING ACTIVITIES
Capital expenditures		(57,215)	(63,313)	(62,540)
Capital expenditures from discontinued operations			(60,955)	(103,092)
Real estate development investments		(2,676)	(3,674)	(1,292)
Purchase of additional interest in New Zealand joint venture				(139,879)
Purchase of timberlands		(98,409)	(130,896)	(20,401)
Proceeds from settlement of foreign currency hedge		2,804		0
Jesup mill cellulose specialties expansion				(148,262)
Proceeds from disposition of Wood Products business				62,720
Change in restricted cash		(16,836)	62,256	(58,385)
Investment in Subsidiaries		0	0	0
Other		6,101	306	(447)
CASH USED FOR INVESTING ACTIVITIES		(166,231)	(196,276)	(471,578)
FINANCING ACTIVITIES
Issuance of debt		58,558	1,225,464	57,885
Repayment of debt		(70,429)	(287,137)	(72,960)
Dividends paid		0	0	0
Proceeds from the issuance of common shares		0	0	0
Excess tax benefits on stock-based compensation				8,413
Proceeds from repurchase of common shares		0	0	0
Debt issuance costs		0	(12,380)
Net cash disbursed upon spin-off of Performance Fibers business			0
Issuance of intercompany notes		35,500	12,400	4,000
Intercompany distributions		(71,847)	(795,946)	35,691
Other		0	(680)	(713)
CASH USED FOR FINANCING ACTIVITIES		(48,218)	141,721	32,316
EFFECT OF EXCHANGE RATE CHANGES ON CASH		(4,173)	(377)	(64)
CASH AND CASH EQUIVALENTS
Change in cash and cash equivalents		(15,147)	(7,205)	54,056
Balance, beginning of year		51,235	58,440	4,384
Balance, end of year		$ 36,088	$ 51,235	$ 58,440

Schedule II - Valuation and Qualifying Accounts (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Movement in Valuation Allowances and Reserves [Roll Forward]
Additions Charged to Cost and Expenses	$ (4,604)	$ (13,289)	$ (14,595)
Income tax provision	(859)	(9,601)	(35,685)
Allowance for doubtful accounts
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	42	673	417
Additions Charged to Cost and Expenses	0	134	855
Deductions	0	(765)	(599)
Balance at End of Year	42	42	673
Deferred tax asset valuation allowance
Movement in Valuation Allowances and Reserves [Roll Forward]
Balance at Beginning of Year	13,644	33,889	19,294
Additions Charged to Cost and Expenses		13,289	14,595
Deductions		(33,534)	0
Balance at End of Year		$ 13,644	$ 33,889
Valuation Allowance, Operating Loss Carryforwards
Movement in Valuation Allowances and Reserves [Roll Forward]
Income tax provision	$ 355