XML 68 R73.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidating Financial Statements Condensed Consolidating Statements of Income and Comprehensive Income (Details) (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Dec. 31, 2012
Income Statement [Abstract]          
SALES $ 409,077 $ 348,096 $ 802,796 $ 684,667  
Cost of sales 297,698 243,571 563,716 479,279  
Selling and general expenses 16,929 15,892 33,028 35,157  
Other operating (income) expense, net 291 (5,295) (3,212) (6,433)  
Costs and Expenses, Total 314,918 254,168 593,532 508,003  
Equity in income (loss) of New Zealand joint venture 304 170 562 184  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture 94,463 94,098 209,826 176,848  
Gain on consolidation of New Zealand joint venture 16,098 0 16,098 0  
OPERATING (LOSS) INCOME 110,561 94,098 225,924 176,848  
Interest Expense (10,019) (16,056) (17,736) (27,880)  
Interest and miscellaneous income (expense), net 2,598 84 2,656 60  
Equity in income from subsidiaries 0 0 0 0  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 103,140 78,126 210,844 149,028  
Income tax benefit (expense) (15,249) (12,035) (19,695) (30,338)  
Income (Loss) from Continuing Operations Attributable to Parent 87,164 66,091 190,422 118,690  
Income (Loss) from Continuing Operations 87,891 66,091 191,149 118,690  
Income (Loss) from Discontinued Operations, Net 0 (2,988) (44,477) (3,825)  
NET INCOME 87,891 69,079 235,626 122,515 278,685
Net Income Attributable to Noncontrolling Interest 727 0 727 0  
Net income attributable to Parent 87,164 69,079 234,899 122,515  
Foreign currency translation adjustment (28,201) (8,081) (27,226) (2,255) 4,352
New Zealand joint venture cash flow hedges 222 (1,998) 775 (793) 213
Amortization of pension and postretirement plans, net of income tax 3,717 3,401 8,687 6,541 (496)
Total other comprehensive (loss) income (24,262) (6,678) (17,764) 3,493  
COMPREHENSIVE INCOME 63,629 62,401 217,862 126,008  
Comprehensive loss attributable to noncontrolling interest (9,505) 0 (9,505) 0  
Comprehensive income attributable to Rayonier Inc. 73,134 62,401 227,367 126,008  
Parent Company [Member]
         
Income Statement [Abstract]          
SALES 0 0 0 0  
Cost of sales 0 0 0 0  
Selling and general expenses 0 0 0 0  
Other operating (income) expense, net 180 0 (1,701) 0  
Costs and Expenses, Total 180 0 (1,701) 0  
Equity in income (loss) of New Zealand joint venture 0 0 0 0  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture (180)   1,701    
Gain on consolidation of New Zealand joint venture 0   0    
OPERATING (LOSS) INCOME (180) 0 1,701 0  
Interest Expense (3,414) (3,117) (6,689) (4,366)  
Interest and miscellaneous income (expense), net 1,759 1,544 4,178 3,455  
Equity in income from subsidiaries 89,064 70,652 235,774 123,426  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 87,229 69,079 234,964 122,515  
Income tax benefit (expense) (65) 0 (65) 0  
Income (Loss) from Continuing Operations Attributable to Parent   69,079      
Income (Loss) from Continuing Operations 87,164 69,079 234,899 122,515  
Income (Loss) from Discontinued Operations, Net 0 0 0 0  
NET INCOME 87,164 69,079 234,899 122,515  
Net Income Attributable to Noncontrolling Interest 0   0    
Net income attributable to Parent 87,164   234,899    
Foreign currency translation adjustment (18,625) (8,081) (17,650) (2,255)  
New Zealand joint venture cash flow hedges 878 (1,998) 1,431 (793)  
Amortization of pension and postretirement plans, net of income tax 3,717 3,401 8,687 6,541  
Total other comprehensive (loss) income (14,030) (6,678) (7,532) 3,493  
COMPREHENSIVE INCOME 73,134 62,401 227,367 126,008  
Comprehensive loss attributable to noncontrolling interest 0   0    
Comprehensive income attributable to Rayonier Inc. 73,134   227,367    
Senior Exchangeable Notes due 2015 [Member] [Domain] | Guarantor Subsidiaries [Member]
         
Income Statement [Abstract]          
SALES 0 0 0 0  
Cost of sales 0 0 0 0  
Selling and general expenses 2,680 1,904 5,081 5,215  
Other operating (income) expense, net (74) (109) 449 12  
Costs and Expenses, Total 2,606 1,795 5,530 5,227  
Equity in income (loss) of New Zealand joint venture 0 0 0 0  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture (2,606)   (5,530)    
Gain on consolidation of New Zealand joint venture 0   0    
OPERATING (LOSS) INCOME (2,606) (1,795) (5,530) (5,227)  
Interest Expense (266) (212) (518) (450)  
Interest and miscellaneous income (expense), net 1,104 1,659 1,633 2,986  
Equity in income from subsidiaries 91,235 70,948 240,000 126,394  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 89,467 70,600 235,585 123,703  
Income tax benefit (expense) 403 52 189 277  
Income (Loss) from Continuing Operations Attributable to Parent   70,652      
Income (Loss) from Continuing Operations 89,064   235,774 123,426  
Income (Loss) from Discontinued Operations, Net 0 0 0 0  
NET INCOME 89,064 70,652 235,774 123,426  
Net Income Attributable to Noncontrolling Interest 0   0    
Net income attributable to Parent 89,064   235,774    
Foreign currency translation adjustment (28,201) (8,081) (27,226) (2,255)  
New Zealand joint venture cash flow hedges 222 (1,998) 775 (793)  
Amortization of pension and postretirement plans, net of income tax 3,717 3,401 8,687 6,541  
Total other comprehensive (loss) income (24,262) (6,678) (17,764) 3,493  
COMPREHENSIVE INCOME 64,802 63,974 218,010 126,919  
Comprehensive loss attributable to noncontrolling interest 0   0    
Comprehensive income attributable to Rayonier Inc. 64,802   218,010    
Senior Exchangeable Notes due 2015 [Member] [Domain] | Subsidiary Issuer [Member]
         
Income Statement [Abstract]          
SALES 0 0      
Cost of sales 0 0      
Selling and general expenses 0 0      
Other operating (income) expense, net 0 0      
Costs and Expenses, Total 0 0      
Equity in income (loss) of New Zealand joint venture 0 0      
Operating Income Before Gain on Consolidation of New Zealand Joint Venture 0        
Gain on consolidation of New Zealand joint venture 0        
OPERATING (LOSS) INCOME 0 0      
Interest Expense (6,997) (10,243)      
Interest and miscellaneous income (expense), net (797) (834)      
Equity in income from subsidiaries 35,968 60,407      
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 28,174 49,330      
Income tax benefit (expense) (2,847) 4,043      
Income (Loss) from Continuing Operations Attributable to Parent   53,373      
Income (Loss) from Continuing Operations 31,021        
Income (Loss) from Discontinued Operations, Net 0 0      
NET INCOME 31,021 53,373      
Net Income Attributable to Noncontrolling Interest 0        
Net income attributable to Parent 31,021        
Foreign currency translation adjustment (1,725) 478      
New Zealand joint venture cash flow hedges (1,873) 0      
Amortization of pension and postretirement plans, net of income tax 2,819 2,579      
Total other comprehensive (loss) income (779) 3,057      
COMPREHENSIVE INCOME 30,242 56,430      
Comprehensive loss attributable to noncontrolling interest 0        
Comprehensive income attributable to Rayonier Inc. 30,242        
Senior Exchangeable Notes due 2015 [Member] [Domain] | Issuer Subsidiary [Member]
         
Income Statement [Abstract]          
SALES     0 0  
Cost of sales     0 0  
Selling and general expenses     0 0  
Other operating (income) expense, net     0 0  
Costs and Expenses, Total     0 0  
Equity in income (loss) of New Zealand joint venture     0 0  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture     0    
Gain on consolidation of New Zealand joint venture     0    
OPERATING (LOSS) INCOME     0 0  
Interest Expense     (13,615) (20,469)  
Interest and miscellaneous income (expense), net     (1,548) (2,042)  
Equity in income from subsidiaries     159,437 106,152  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES     144,274 83,641  
Income tax benefit (expense)     5,537 (8,217)  
Income (Loss) from Continuing Operations     149,811 91,858  
Income (Loss) from Discontinued Operations, Net     0 0  
NET INCOME     149,811 91,858  
Net Income Attributable to Noncontrolling Interest     0    
Net income attributable to Parent     149,811    
Foreign currency translation adjustment     (1,485) 376  
New Zealand joint venture cash flow hedges     (1,873) 0  
Amortization of pension and postretirement plans, net of income tax     6,831 4,959  
Total other comprehensive (loss) income     3,473 5,335  
COMPREHENSIVE INCOME     153,284 97,193  
Comprehensive loss attributable to noncontrolling interest     0    
Comprehensive income attributable to Rayonier Inc.     153,284    
Senior Exchangeable Notes due 2015 [Member] [Domain] | Consolidation, Eliminations [Member]
         
Income Statement [Abstract]          
SALES 0 0 0 0  
Cost of sales 0 0 0 0  
Selling and general expenses 0 0 0 0  
Other operating (income) expense, net (661) 0 (661) 0  
Costs and Expenses, Total (661) 0 (661) 0  
Equity in income (loss) of New Zealand joint venture 0 0 0 0  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture 661   661    
Gain on consolidation of New Zealand joint venture 0   0    
OPERATING (LOSS) INCOME 661 0 661 0  
Interest Expense 0 0 0 0  
Interest and miscellaneous income (expense), net 0 0 0 0  
Equity in income from subsidiaries (216,267) (202,007) (635,211) (355,972)  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (215,606) (202,007) (634,550) (355,972)  
Income tax benefit (expense) 63 0 62 0  
Income (Loss) from Continuing Operations Attributable to Parent   (202,007)      
Income (Loss) from Continuing Operations (215,543)   (634,488) (355,972)  
Income (Loss) from Discontinued Operations, Net 0 0 0 0  
NET INCOME (215,543) (202,007) (634,488) (355,972)  
Net Income Attributable to Noncontrolling Interest 0   0    
Net income attributable to Parent (215,543)   (634,488)    
Foreign currency translation adjustment 38,975 15,684 36,785 4,134  
New Zealand joint venture cash flow hedges 118 3,996 (989) 1,586  
Amortization of pension and postretirement plans, net of income tax (13,367) (8,559) (22,349) (16,459)  
Total other comprehensive (loss) income 25,726 11,121 13,447 (10,739)  
COMPREHENSIVE INCOME (189,817) (190,886) (621,041) (366,711)  
Comprehensive loss attributable to noncontrolling interest 0   0    
Comprehensive income attributable to Rayonier Inc. (189,817)   (621,041)    
Senior Exchangeable Notes due 2015 [Member] [Domain] | Non-Guarantor Subsidiaries [Member]
         
Income Statement [Abstract]          
SALES 409,077 348,096 802,796 684,667  
Cost of sales 297,698 243,571 563,716 479,279  
Selling and general expenses 14,249 13,988 27,947 29,942  
Other operating (income) expense, net 846 (5,186) (1,299) (6,445)  
Costs and Expenses, Total 312,793 252,373 590,364 502,776  
Equity in income (loss) of New Zealand joint venture 304 170 562 184  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture 96,588   212,994    
Gain on consolidation of New Zealand joint venture 16,098   16,098    
OPERATING (LOSS) INCOME 112,686 95,893 229,092 182,075  
Interest Expense 658 (2,484) 3,086 (2,595)  
Interest and miscellaneous income (expense), net 532 (2,285) (1,607) (4,339)  
Equity in income from subsidiaries 0 0 0 0  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 113,876 91,124 230,571 175,141  
Income tax benefit (expense) (17,691) (16,130) (25,418) 38,278  
Income (Loss) from Continuing Operations Attributable to Parent   74,994      
Income (Loss) from Continuing Operations 96,185   205,153 136,863  
Income (Loss) from Discontinued Operations, Net 0 (2,988) (44,477) (3,825)  
NET INCOME 96,185 77,982 249,630 140,688  
Net Income Attributable to Noncontrolling Interest 727   727    
Net income attributable to Parent 95,458   248,903    
Foreign currency translation adjustment (18,625) (8,081) (17,650) (2,255)  
New Zealand joint venture cash flow hedges 877 (1,998) 1,431 (793)  
Amortization of pension and postretirement plans, net of income tax 6,831 2,579 6,831 4,959  
Total other comprehensive (loss) income (10,917) (7,500) (9,388) 1,911  
COMPREHENSIVE INCOME 85,268 70,482 240,242 142,599  
Comprehensive loss attributable to noncontrolling interest (9,505)   (9,505)    
Comprehensive income attributable to Rayonier Inc. 94,773   249,747    
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Guarantor Subsidiaries [Member]
         
Income Statement [Abstract]          
SALES 0 0 0 0  
Cost of sales 0 0 0 0  
Selling and general expenses 2,680 1,904 5,081 5,215  
Other operating (income) expense, net (74) (109) 449 12  
Costs and Expenses, Total 2,606 1,795 5,530 5,227  
Equity in income (loss) of New Zealand joint venture 0 0 0 0  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture (2,606)   (5,530)    
Gain on consolidation of New Zealand joint venture 0   0    
OPERATING (LOSS) INCOME (2,606) (1,795) (5,530) (5,227)  
Interest Expense (7,263) (10,455) (14,133) (20,919)  
Interest and miscellaneous income (expense), net 307 825 85 944  
Equity in income from subsidiaries 96,185 77,982 249,630 140,688  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 86,623 66,557 230,052 115,486  
Income tax benefit (expense) 2,441 4,095 5,722 7,940  
Income (Loss) from Continuing Operations 89,064 70,652 235,774 123,426  
Income (Loss) from Discontinued Operations, Net 0 0 0 0  
NET INCOME 89,064 70,652 235,774 123,426  
Net Income Attributable to Noncontrolling Interest 0   0    
Net income attributable to Parent 89,064   235,774    
Foreign currency translation adjustment (28,201) (8,080) (27,226) (2,255)  
New Zealand joint venture cash flow hedges 221 (1,998) 775 (793)  
Amortization of pension and postretirement plans, net of income tax 3,718 3,401 8,687 6,541  
Total other comprehensive (loss) income (24,262) (6,677) (17,764) 3,493  
COMPREHENSIVE INCOME 64,802 63,975 218,010 126,919  
Comprehensive loss attributable to noncontrolling interest 0   0    
Comprehensive income attributable to Rayonier Inc. 64,802   218,010    
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Consolidation, Eliminations [Member]
         
Income Statement [Abstract]          
SALES 0 0 0 0  
Cost of sales 0 0 0 0  
Selling and general expenses 0 0 0 0  
Other operating (income) expense, net (661) 0 (661) 0  
Costs and Expenses, Total (661) 0 (661) 0  
Equity in income (loss) of New Zealand joint venture 0 0 0 0  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture 661   661    
Gain on consolidation of New Zealand joint venture 0   0    
OPERATING (LOSS) INCOME 661 0 661 0  
Interest Expense 0 0 0 0  
Interest and miscellaneous income (expense), net 0 0 0 0  
Equity in income from subsidiaries (185,249) (148,634) (485,404) (264,114)  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (184,588) (148,634) (484,743) (264,114)  
Income tax benefit (expense) 66 0 66 0  
Income (Loss) from Continuing Operations (184,522) (148,634) (484,677) (264,114)  
Income (Loss) from Discontinued Operations, Net 0 0 0 0  
NET INCOME (184,522) (148,634) (484,677) (264,114)  
Net Income Attributable to Noncontrolling Interest 0   0    
Net income attributable to Parent (184,522)   (484,677)    
Foreign currency translation adjustment 37,250 16,161 35,300 4,510  
New Zealand joint venture cash flow hedges (1,754) 3,996 (2,862) 1,586  
Amortization of pension and postretirement plans, net of income tax (10,549) (5,980) (15,518) (11,500)  
Total other comprehensive (loss) income 24,947 14,177 16,920 (5,404)  
COMPREHENSIVE INCOME (159,575) (134,457) (467,757) (269,518)  
Comprehensive loss attributable to noncontrolling interest 0   0    
Comprehensive income attributable to Rayonier Inc. (159,575)   (467,757)    
Senior Notes due 2022 at a fixed interest rate of 3.75% [Member] | Non-Guarantor Subsidiaries [Member]
         
Income Statement [Abstract]          
SALES 409,077 348,096 802,796 684,667  
Cost of sales 297,698 243,571 563,716 479,279  
Selling and general expenses 14,249 13,988 27,947 29,942  
Other operating (income) expense, net 846 (5,186) (1,299) (6,445)  
Costs and Expenses, Total 312,793 252,373 590,364 502,776  
Equity in income (loss) of New Zealand joint venture 304 170 562 184  
Operating Income Before Gain on Consolidation of New Zealand Joint Venture 96,588   212,994    
Gain on consolidation of New Zealand joint venture 16,098   16,098    
OPERATING (LOSS) INCOME 112,686 95,893 229,092 182,075  
Interest Expense 658 (2,484) 3,086 (2,595)  
Interest and miscellaneous income (expense), net 532 (2,285) (1,607) (4,339)  
Equity in income from subsidiaries 0 0 0 0  
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 113,876 91,124 230,571 175,141  
Income tax benefit (expense) (17,691) (16,130) (25,418) (38,278)  
Income (Loss) from Continuing Operations 96,185 74,994 205,153 136,863  
Income (Loss) from Discontinued Operations, Net 0 (2,988) (44,477) (3,825)  
NET INCOME 96,185 77,982 249,630 140,688  
Net Income Attributable to Noncontrolling Interest 727   727    
Net income attributable to Parent 95,458   248,903    
Foreign currency translation adjustment (18,625) (8,081) (17,650) (2,255)  
New Zealand joint venture cash flow hedges 877 (1,998) 1,431 (793)  
Amortization of pension and postretirement plans, net of income tax 6,831 2,579 6,831 4,959  
Total other comprehensive (loss) income (10,917) (7,500) (9,388) 1,911  
COMPREHENSIVE INCOME 85,268 70,482 240,242 142,599  
Comprehensive loss attributable to noncontrolling interest (9,505)   (9,505)    
Comprehensive income attributable to Rayonier Inc. $ 94,773   $ 249,747