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Debt (Tables) | 12 Months Ended
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Dec. 31, 2015
Debt Disclosure [Abstract] |
Schedule of Long-term Debt Instruments | Rayonier’s debt consisted of the following at December 31, 2015 and 2014:
| 2015 |  | 2014
Senior Notes due 2022 at a fixed interest rate of 3.75% |  | $325,000 |  |  |  | $325,000 |
Senior Exchangeable Notes due 2015 at a fixed interest rate of 4.50% | — |  |  | 129,706 |
Mortgage notes due 2017 at fixed interest rates of 4.35% (a) | 42,638 |  |  | 53,801 |
Solid waste bonds due 2020 at a variable interest rate of 1.3% at December 31, 2015 | 15,000 |  |  | 15,000 |
Revolving Credit Facility borrowings at a variable interest rate of 1.34% at December 31, 2014 | — |  |  | 16,000 |
Revolving Credit Facility borrowings due 2020 at a variable interest rate of 1.6% at December 31, 2015 | 97,000 |  |  | — |
Term Credit Agreement borrowings due 2024 at a variable interest rate of 1.9% at December 31, 2015 | 170,000 |  |  | — |
New Zealand JV Revolving Credit Facility due 2016 at a variable interest rate of 3.54% at December 31, 2015 | 160,999 |  |  | 184,099 |
New Zealand JV Noncontrolling interest shareholder loan at 0% interest rate | 23,242 |  |  | 27,949 |
Total debt | 833,879 |  |  | 751,555 |
Less: Current maturities of long-term debt | — |  |  | (129,706 | )
Long-term debt |  | $833,879 |  |  |  | $621,849 |
Schedule of Maturities of Long-term Debt | Principal payments due during the next five years and thereafter are as follows:
2016 (a) |  | $160,999 |
2017 (b) | 42,000 |
2018 | — |
2019 | — |
2020 | 112,000 |
Thereafter | 518,242 |
Total debt |  | $833,241 |
(a) | The Company will refinance this debt in 2016 with proceeds from the term loan facility.
(b) | The mortgage notes due in 2017 were recorded at a premium of $0.6 million and $1.3 million as of December 31, 2015 and 2014, respectively. Upon maturity the liability will be $42 million.
Schedule of Convertible Debt | The amounts related to convertible debt in the Consolidated Balance Sheets as of December 31, 2014 are as follows:
| 2014
Liabilities: |
Principal amount of debt |
4.50% Senior Exchangeable Notes |  | $130,973 |
Unamortized discount (a) |
4.50% Senior Exchangeable Notes | (1,267 | )
Net carrying amount of debt |  | $129,706 |
Equity: |
Common stock |  | $8,850 |
(a) The discount for the 4.50% notes was amortized through August 2015.
Schedule of Interest Related to Convertible Debt | The amount of interest related to the convertible debt recognized in the Consolidated Statements of Income and Comprehensive Income for the years December 31, 2015, 2014 and 2013 is as follows:
| 2015 |  | 2014 |  | 2013
Contractual interest coupon |  |  |  |  |
4.50% Senior Exchangeable Notes |  | $3,438 |  |  |  | $5,930 |  |  |  | $7,271 |
Amortization of debt discount |  |  |  |  |
4.50% Senior Exchangeable Notes | 1,267 |  |  | 1,957 |  |  | 2,281 |
Total interest expense recognized |  | $4,705 |  |  |  | $7,887 |  |  |  | $9,552 |

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- Definition Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.22) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 2: 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 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 470 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6479336&loc=d3e64711-112823 Reference 4: 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.(e),(f)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=34725769&loc=d3e28878-108400 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21538-112644 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 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28541-108399 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6451184&loc=d3e28551-108399 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=6928386&loc=d3e21521-112644 + Details
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