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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2015
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The (provision for)/benefit from income taxes consisted of the following:
| 2015 |  | 2014 |  | 2013
Current |  |  |  |  |
U.S. federal |  | ($624 | ) |  |  | $27,521 |  |  |  | $27,338 |
State | 226 |  |  | 1,353 |  |  | 1,462 |
Foreign | (308 | ) |  | — |  |  | (261 | )
| (706 | ) |  | 28,874 |  |  | 28,539 |
Deferred |  |  |  |  |
U.S. federal | 3,702 |  |  | (7,260 | ) |  | 22,649 |
State | 107 |  |  | (357 | ) |  | 1,211 |
Foreign | 2,360 |  |  | 1,633 |  |  | (2,119 | )
| 6,169 |  |  | (5,984 | ) |  | 21,741 |
Changes in valuation allowance | (4,604 | ) |  | (13,289 | ) |  | (14,595 | )
Total |  | $859 |  |  |  | $9,601 |  |  |  | $35,685 |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. federal statutory income tax rate to the actual income tax rate was as follows:
|  | 2015 |  | 2014 |  | 2013
U.S. federal statutory income tax rate |  |  | ($15,079 | ) |  | 35.0 | % |  |  | ($15,695 | ) |  | 35.0 | % |  |  | ($24,555 | ) |  | 35.0 | %
U.S. and foreign REIT income and U.S. TRS taxable losses |  | 19,446 |  |  | (45.1 | ) |  | 32,058 |  |  | (71.5 | ) |  | 52,812 |  |  | (75.3 | )
U.S. net deferred tax asset valuation allowance |  | (3,607 | ) |  | 8.4 |  |  | — |  |  | — |  |  | — |  |  | — |
Foreign TRS operations |  | 1,097 |  |  | (2.6 | ) |  | (159 | ) |  | 0.4 |  |  | (95 | ) |  | 0.1 |
Loss on early redemption of Senior Exchangeable Notes |  | — |  |  | — |  |  | — |  |  | — |  |  | (859 | ) |  | 1.2 |
Other |  | 5 |  |  | — |  |  | 112 |  |  | (0.3 | ) |  | 101 |  |  | (0.1 | )
Income tax benefit before discrete items |  | 1,862 |  |  | (4.3 | ) |  | 16,316 |  |  | (36.4 | ) |  | 27,404 |  |  | (39.1 | )
CBPC valuation allowance |  | (997 | ) |  | 2.3 |  |  | (13,644 | ) |  | 30.4 |  |  | — |  |  | — |
Deferred tax inventory valuations |  | — |  |  | — |  |  | 5,151 |  |  | (11.5 | ) |  | 983 |  |  | (1.4 | )
Uncertain tax positions |  | — |  |  | — |  |  | 1,830 |  |  | (4.1 | ) |  | 800 |  |  | (1.1 | )
Gain related to consolidation of New Zealand joint venture |  | — |  |  | — |  |  | — |  |  | — |  |  | 5,634 |  |  | (8.0 | )
Reversal of REIT BIG tax payable |  | — |  |  | — |  |  | — |  |  | — |  |  | 485 |  |  | (0.7 | )
Other |  | (6 | ) |  | — |  |  | (52 | ) |  | 0.2 |  |  | 379 |  |  | (0.6 | )
Income tax benefit as reported for continuing operations |  |  | $859 |  |  | (2.0 | )% |  |  | $9,601 |  |  | (21.4 | )% |  |  | $35,685 |  |  | (50.9 | )%
Schedule of Deferred Tax Assets and Liabilities | The nature of the temporary differences and the resulting net deferred tax asset/liability for the two years ended December 31, were as follows:
| 2015 |  | 2014
Gross deferred tax assets: |  |  |
Pension, postretirement and other employee benefits |  | $1,040 |  |  |  | $1,994 |
New Zealand JV | 65,078 |  |  | 71,482 |
CBPC Tax Credit Carry Forwards (a) | 14,641 |  |  | 13,644 |
Capitalized real estate costs | 9,378 |  |  | 9,554 |
U.S. TRS Net Operating Loss | 2,327 |  |  | — |
Other | 7,050 |  |  | 8,067 |
Total gross deferred tax assets | 99,514 |  |  | 104,741 |
Less: Valuation allowance | (18,248 | ) |  | (13,644 | )
Total deferred tax assets after valuation allowance |  | $81,266 |  |  |  | $91,097 |
Gross deferred tax liabilities: |  |  |
Accelerated depreciation | (1,357 | ) |  | (1,796 | )
Repatriation of foreign earnings | (7,251 | ) |  | (8,817 | )
New Zealand JV | (68,551 | ) |  | (78,008 | )
Timber installment sale | (7,511 | ) |  | (7,511 | )
Other | (311 | ) |  | (1,304 | )
Total gross deferred tax liabilities | (84,981 | ) |  | (97,436 | )
Net deferred tax (liability)/asset |  | ($3,715 | ) |  |  | ($6,339 | )
Noncurrent portion of deferred tax asset (b) | — |  |  | 8,057 |
Current portion of deferred tax liability (b) | — |  |  | (7,893 | )
Noncurrent portion of deferred tax liability (b) | (3,715 | ) |  | (6,503 | )
Net deferred tax (liability)/asset |  | ($3,715 | ) |  |  | ($6,339 | )
(a) | In 2015, a $1.0 million return to accrual adjustment was made in conjunction with the filing of the Company’s 2014 U.S. federal income tax return.
(b) | Rayonier adopted ASU No. 2015-17, which requires deferred tax assets and liabilities to be classified as noncurrent, in its Consolidated Balance Sheet as of December 31, 2015. Deferred tax assets and liabilities as of December 31, 2014 have not been retrospectively adjusted.
Summary of Operating Loss and Tax Credit Carryforwards | Included above are the following foreign net operating loss (“NOL”) and tax credit carryforwards as of December 31, 2015:
Item | Gross Amount |  | Valuation Allowance |  | Expiration
New Zealand JV NOL Carryforwards |  | $232,846 |  |  | — |  | None
U.S. Net Deferred Tax Asset | 3,607 |  |  | (3,607 | ) |  | None
Cellulosic Biofuel Producer Credit (a) | 14,641 |  |  | (14,641 | ) |  | 2019
Total Valuation Allowance |  |  |  | ($18,248 | ) |  |
(a) | In 2015, a $1.0 million return to accrual adjustment was made in conjunction with the filing of the Company’s 2014 U.S. federal income tax return.
Summary of Income Tax Contingencies | A reconciliation of the beginning and ending unrecognized tax benefits for the three years ended December 31 is as follows:
| 2015 |  | 2014 |  | 2013
Balance at January 1, | — |  |  |  | $10,547 |  |  |  | $6,580 |
Decreases related to prior year tax positions | — |  |  | (10,547 | ) |  | (800 | )
Increases related to prior year tax positions | 135 |  |  | — |  |  | 4,767 |
Balance at December 31, |  | $135 |  |  | — |  |  |  | $10,547 |
Summary of Income Tax Examinations | The following table provides detail of the tax years that remain open to examination by the IRS and other significant taxing jurisdictions:
Taxing Jurisdiction | Open Tax Years
U.S. Internal Revenue Service | 2012 - 2015
New Zealand Inland Revenue | 2011 - 2015

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