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SHAREHOLDERS' EQUITY | 6 Months Ended
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Jun. 30, 2015
Stockholders' Equity Note [Abstract] |
Shareholders' Equity | SHAREHOLDERS’ EQUITY An analysis of shareholders’ equity for the six months ended June 30, 2015 and the year ended December 31, 2014 is shown below (share amounts not in thousands):
| Rayonier Inc. Shareholders’ Equity |  |  |  |
| Common Shares |  | Retained Earnings |  | Accumulated Other Comprehensive Income/(Loss) |  | Non-controlling Interest |  | Total Shareholders’ Equity
| Shares (a) |  | Amount |
Balance, December 31, 2013 | 126,257,870 |  |  |  | $692,100 |  |  |  | $1,015,209 |  |  |  | ($46,139 | ) |  |  | $94,073 |  |  |  | $1,755,243 |
Net income (loss) | — |  |  | — |  |  | 99,337 |  |  | — |  |  | (1,491 | ) |  | 97,846 |
Dividends ($2.03 per share) | — |  |  | — |  |  | (256,861 | ) |  | — |  |  | — |  |  | (256,861 | )
Contribution to Rayonier Advanced Materials | — |  |  | (301 | ) |  | (61,318 | ) |  | 80,749 |  |  | — |  |  | 19,130 |
Adjustments to Rayonier Advanced Materials (b) | — |  |  | — |  |  | (5,670 | ) |  | (2,556 | ) |  | — |  |  | (8,226 | )
Issuance of shares under incentive stock plans | 561,701 |  |  | 5,579 |  |  | — |  |  | — |  |  | — |  |  | 5,579 |
Stock-based compensation | — |  |  | 7,869 |  |  | — |  |  | — |  |  | — |  |  | 7,869 |
Tax deficiency on stock-based compensation | — |  |  | (791 | ) |  | — |  |  | — |  |  | — |  |  | (791 | )
Repurchase of common shares | (46,474 | ) |  | (1,858 | ) |  | — |  |  | — |  |  | — |  |  | (1,858 | )
Net loss from pension and postretirement plans | — |  |  | — |  |  | — |  |  | (24,147 | ) |  | — |  |  | (24,147 | )
Noncontrolling interest redemption of shares | — |  |  | — |  |  | — |  |  | — |  |  | (931 | ) |  | (931 | )
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | (11,526 | ) |  | (4,321 | ) |  | (15,847 | )
Joint venture cash flow hedges | — |  |  | — |  |  | — |  |  | (1,206 | ) |  | (649 | ) |  | (1,855 | )
Balance, December 31, 2014 | 126,773,097 |  |  |  | $702,598 |  |  |  | $790,697 |  |  |  | ($4,825 | ) |  |  | $86,681 |  |  |  | $1,575,151 |
Net income (loss) | — |  |  | — |  |  | 16,211 |  |  | — |  |  | (891 | ) |  | 15,320 |
Dividends ($0.50 per share) | — |  |  | — |  |  | (63,380 | ) |  | — |  |  | — |  |  | (63,380 | )
Issuance of shares under incentive stock plans | 134,448 |  |  | 718 |  |  | — |  |  | — |  |  | — |  |  | 718 |
Stock-based compensation | — |  |  | 2,588 |  |  | — |  |  | — |  |  | — |  |  | 2,588 |
Tax deficiency on stock-based compensation | — |  |  | (272 | ) |  | — |  |  | — |  |  | — |  |  | (272 | )
Repurchase of common shares (c) (d) | (415,484 | ) |  | (10,797 | ) |  | — |  |  | — |  |  | — |  |  | (10,797 | )
Net gain from pension and postretirement plans | — |  |  | — |  |  | — |  |  | 1,524 |  |  | — |  |  | 1,524 |
Foreign currency translation adjustment | — |  |  | — |  |  | — |  |  | (28,438 | ) |  | (11,279 | ) |  | (39,717 | )
Joint venture cash flow hedges | — |  |  | — |  |  | — |  |  | (2,511 | ) |  | (1,352 | ) |  | (3,863 | )
Balance, June 30, 2015 | 126,492,061 |  |  |  | $694,835 |  |  |  | $743,528 |  |  |  | ($34,250 | ) |  |  | $73,159 |  |  |  | $1,477,272 |
(a) | The Company’s common shares are registered in North Carolina and have a $0.00 par value.
(b) | Primarily relates to adjustments made to the Rayonier Advanced Materials contribution as income taxes and pension and postretirement plan assets and obligations were finalized.
(c) | During the second quarter the Company repurchased approximately $10.7 million of common stock at an average price of $25.94 per share. As of June 30, 2015, the Company had 126.5 million shares of common stock outstanding and $89.3 million remaining in its share repurchase authorization announced in June 2015.
(d) | Includes shares of the Company’s common stock purchased from employees in non-open market transactions. The shares of stock were sold by current and former employees of the Company in exchange for cash that was used to pay withholding taxes associated with the vesting of restricted stock awards under the Company’s stock incentive plan. The price per share surrendered is based on the closing price of the company’s stock on the respective vesting dates of the awards.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: 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.(d),(e)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21484-112644 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 4.E) -URI http://asc.fasb.org/extlink&oid=27010918&loc=d3e74512-122707 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21488-112644 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.29-31) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 4 -Subparagraph (SAB TOPIC 4.C) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187143-122770 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 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=27012166&loc=d3e187085-122770 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 Reference 10: 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 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Preferred Stock -URI http://asc.fasb.org/extlink&oid=6521494 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21463-112644 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 11 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21564-112644 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section E Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Staff Accounting Bulletin (SAB) -Number Topic 4 -Section C + Details
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