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SEGMENT AND GEOGRAPHICAL INFORMATION | 9 Months Ended
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Sep. 30, 2014
Segment Reporting, Disclosure of Entity's Reportable Segments [Abstract] |
SEGMENT AND GEOGRAPHICAL INFORMATION | SEGMENT AND GEOGRAPHICAL INFORMATION Rayonier operates in two reportable business segments: Forest Resources and Real Estate. Prior to the second quarter of 2014, the Company operated in three reportable business segments, which included Performance Fibers. On June 27, 2014, the Company spun-off its Performance Fibers business and its operations are shown as discontinued operations for all periods presented. See Note 2 — Discontinued Operations for additional information. Forest Resources sales include all activities related to the harvesting of timber and other value-added activities such as the leasing of properties for hunting, mineral extraction and cell towers. Real Estate sales include all property sales, including those designated as higher and better use (“HBU”) and those designated as the sale of non-strategic timberlands. The assets of the Real Estate segment include HBU property held by the Company’s real estate subsidiary, TerraPointe LLC. The Company’s remaining operations, reported as “Other Operations,” include harvesting and selling timber acquired from third parties (log trading). Sales between operating segments are made based on estimated fair market value, and intercompany sales, purchases and profits (losses) are eliminated in consolidation. The Company evaluates financial performance based on the operating income of the segments. Operating income (loss) as presented in the Consolidated Statements of Income and Comprehensive Income is equal to segment income (loss). Certain income (loss) items in the Consolidated Statements of Income and Comprehensive Income are not allocated to segments. These items, which include gains (losses) from certain asset dispositions, interest income (expense), miscellaneous income (expense) and income tax (expense) benefit, are not considered by management to be part of segment operations. Total assets, sales, operating income (loss) and depreciation, depletion and amortization by segment including Corporate were as follows:
| September 30, |  | December 31,
ASSETS | 2014 |  | 2013
Forest Resources | $ | 2,160,615 |  |  | $ | 2,162,913 |
Real Estate | 110,825 |  |  | 149,001 |
Other Operations | 24,107 |  |  | 37,334 |
Corporate and other | 182,012 |  |  | 257,608 |
Performance Fibers | — |  |  | 1,078,645 |
Total | $ | 2,477,559 |  |  | $ | 3,685,501 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
SALES | 2014 |  | 2013 |  | 2014 |  | 2013
Forest Resources | $ | 108,024 |  |  | $ | 111,260 |  |  | $ | 313,822 |  |  | $ | 277,422 |
Real Estate | 26,689 |  |  | 14,088 |  |  | 66,236 |  |  | 51,761 |
Other Operations | 15,116 |  |  | 34,015 |  |  | 80,027 |  |  | 92,472 |
Intersegment Eliminations | — |  |  | (102 | ) |  | (3,924 | ) |  | (452 | )
Total | $ | 149,829 |  |  | $ | 159,261 |  |  | $ | 456,161 |  |  | $ | 421,203 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
OPERATING INCOME | 2014 |  | 2013 |  | 2014 |  | 2013
Forest Resources | $ | 19,191 |  |  | $ | 23,172 |  |  | $ | 64,657 |  |  | $ | 57,317 |
Real Estate | 16,399 |  |  | 7,521 |  |  | 44,888 |  |  | 30,468 |
Other Operations | 2,499 |  |  | (363 | ) |  | 1,955 |  |  | 1,356 |
Corporate and other (a) | (6,010 | ) |  | (10,361 | ) |  | (27,418 | ) |  | (15,418 | )
Total | $ | 32,079 |  |  | $ | 19,969 |  |  | $ | 84,082 |  |  | $ | 73,723 |
(a) | The nine months ended September 30, 2013 included a $16.1 million gain related to the consolidation of the New Zealand JV.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
DEPRECIATION, DEPLETION AND AMORTIZATION | 2014 |  | 2013 |  | 2014 |  | 2013
Forest Resources | $ | 30,112 |  |  | $ | 28,475 |  |  | $ | 80,567 |  |  | $ | 72,210 |
Real Estate | 3,807 |  |  | 2,074 |  |  | 11,140 |  |  | 8,720 |
Corporate | 123 |  |  | 262 |  |  | 747 |  |  | 738 |
Total | $ | 34,042 |  |  | $ | 30,811 |  |  | $ | 92,454 |  |  | $ | 81,668 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
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