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EARNINGS PER COMMON SHARE (Tables) | 3 Months Ended
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Mar. 31, 2016
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table provides details of the calculations of basic and diluted earnings per common share:
| Three Months Ended March 31,
| 2016 |  | 2015
Net Income |  | $15,058 |  |  |  | $18,180 |
Less: Net income attributable to noncontrolling interest | 586 |  |  | 433 |
Net income attributable to Rayonier Inc. |  | $14,472 |  |  |  | $17,747 |
Shares used for determining basic earnings per common share | 122,556,239 |  |  | 126,614,334 |
Dilutive effect of: |  |  |
Stock options | 53,526 |  |  | 168,680 |
Performance and restricted shares | 35,124 |  |  | 51,494 |
Assumed conversion of Senior Exchangeable Notes (a) | — |  |  | 892,885 |
Assumed conversion of warrants (a) | — |  |  | — |
Shares used for determining diluted earnings per common share | 122,644,889 |  |  | 127,727,393 |
Basic earnings per common share attributable to Rayonier Inc.: |  | $0.12 |  |  |  | $0.14 |
Diluted earnings per common share attributable to Rayonier Inc.: |  | $0.12 |  |  |  | $0.14 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
| Three Months Ended March 31,
| 2016 |  | 2015
Anti-dilutive shares excluded from the computations of diluted earnings per share: |  |  |
Stock options, performance and restricted shares | 1,095,453 |  |  | 757,960 |
Assumed conversion of exchangeable note hedges (a) | — |  |  | 892,885 |
Total | 1,095,453 |  |  | 1,650,845 |
(a) 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 required the assumed conversion of the 2015 Notes to be included in dilutive shares if the average stock price for the period exceeded the strike price, while the conversion of the hedges was excluded since they were anti-dilutive. The full dilutive effect of the 2015 Notes was included for the prior period presented. Rayonier did not distribute additional shares upon the February 2016 maturity of the warrants sold in conjunction with the 2015 Notes as the stock price did not exceed $28.11 per share. The warrants were not dilutive for the three months ended March 31, 2016 and 2015 as the average stock price for the periods the warrants were outstanding did not exceed the strike price.

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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