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HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS | 6 Months Ended
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Jun. 30, 2015
Real Estate [Abstract] |
Higher and Better Use Timberlands and Real Estate Development Costs | HIGHER AND BETTER USE TIMBERLANDS AND REAL ESTATE DEVELOPMENT COSTS 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 June 30, 2015 is shown below:
| Higher and Better Use Timberlands and Real Estate Development Costs
| Land and Timber |  | Development Costs |  | 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 sold and real estate development costs recovered upon sale | (4,205 | ) |  | (57 | ) |  | (4,262 | )
Timber depletion from harvesting activities and basis of timber sold in real estate sales | (1,340 | ) |  | — |  |  | (1,340 | )
Capitalized real estate development costs (b) | — |  |  | 926 |  |  | 926 |
Capital expenditures (silviculture) | 100 |  |  | — |  |  | 100 |
Acquisitions | — |  |  | — |  |  | — |
Transfers | — |  |  | — |  |  | — |
Other | — |  |  | (28 | ) |  | (28 | )
Total Balance at June 30, 2015 | 65,389 |  |  | 12,372 |  |  | 77,761 |
Less: Current portion (a) | (7,488 | ) |  | (547 | ) |  | (8,035 | )
Non-current portion at June 30, 2015 |  | $57,901 |  |  |  | $11,825 |  |  |  | $69,726 |
(a) | The current portion of Higher and Better Use Timberlands and Real Estate Development Costs is recorded in Inventory. See Note 14 — Inventory for additional information.
(b) | Capitalized real estate development costs for the six months ended June 30, 2015 of $926,000 consisted of $578,000 in cash outflows and a $348,000 change in accrued spending.

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- Definition The entire disclosure for certain real estate investment financial statements, real estate investment trust operating support agreements, real estate owned, retail land sales, time share transactions, as well as other real estate related disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 970 -SubTopic 360 -Section S99 -Paragraph 1 -Subparagraph (SX 210.12-28) -URI http://asc.fasb.org/extlink&oid=6590653&loc=d3e638233-123024 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 11 -Article 9 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph c -Subparagraph Schedule III -Article 5 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 10 -Subparagraph 4 -Article 9 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 02 -Paragraph 6 -Subparagraph a -Article 5 + Details
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