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EARNINGS PER COMMON SHARE - Schedule of Earnings Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Income amounts attributable to Rayonier Inc.        
Income from continuing operations $ 19,181 $ 32,059 $ 34,501 $ 46,418
Less: Net loss from continuing operations attributable to noncontrolling interest (488) (642) (1,379) (970)
Income from continuing operations attributable to Rayonier Inc. 19,669 32,701 35,880 47,388
Income from discontinued operations, net, attributable to Rayonier Inc. 0 0 0 43,092
NET INCOME ATTRIBUTABLE TO RAYONIER INC. $ 19,669 $ 32,701 $ 35,880 $ 90,480
Shares used for determining basic earnings per common share (in shares) 125,143,706 126,501,837 126,125,802 126,428,279
Dilutive effect of:        
Stock options (in shares) 91,495 320,839 129,906 347,721
Performance and restricted shares (in shares) 31,051 37,682 37,064 165,627
Assumed conversion of senior exchangeable notes (in shares) [1] 39,720 1,692,343 477,931 2,395,698
Assumed conversion of warrants (in shares) [1] 0 1,237,812 0 2,344,335
Shares used for determining diluted earnings per common share (in shares) 125,305,972 129,790,513 126,770,703 131,681,660
Basic earnings per common share attributable to Rayonier Inc.:        
Continuing Operations, (in dollars per share) $ 0.16 $ 0.26 $ 0.28 $ 0.38
Discontinued Operations, (in dollars per share) 0.00 0.00 0.00 0.34
Net Income, Basic (in dollars per share) 0.16 0.26 0.28 0.72
Diluted earnings per common share attributable to Rayonier Inc.:        
Continuing Operations, (in dollars per share) 0.16 0.25 0.28 0.36
Discontinued Operations, (in dollars per share) 0.00 0.00 0.00 0.33
Net Income, Diluted (in dollars per share) $ 0.16 $ 0.25 $ 0.28 $ 0.69
[1] Rayonier did not issue additional shares upon maturity of the Senior Exchangeable Notes due August 2015 (the “2015 Notes”) due to offsetting hedges. ASC 260, Earnings Per Share requires the assumed conversion of the 2015 Notes to be included in dilutive shares if the average stock price for the period exceeds the strike price, while the 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 2015 Notes were outstanding.