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(LOSS) EARNINGS PER SHARE AND PER UNIT (Tables) | 9 Months Ended
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Sep. 30, 2020
Earnings Per Share [Abstract] |
Schedule of (Loss) Earnings Per Share and Per Unit, Basic and Diluted | The following table provides details of the calculations of basic and diluted (loss) earnings per common share of the Company:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
(Loss) Earnings per common share - basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (Loss) Income | ($9,498) |  |  | $1,528 |  |  | $17,378 |  |  | $50,241 |
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership | 25 |  |  | — |  |  | (195) |  |  | — |
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates | 8,715 |  |  | (1,961) |  |  | 9,647 |  |  | (7,129) |
Net (loss) income attributable to Rayonier Inc. | ($758) |  |  | ($433) |  |  | $26,830 |  |  | $43,112 |
Denominator: |  |  |  |  |  |  |
Denominator for basic (loss) earnings per common share - weighted average shares | 136,351,271 |  |  | 129,325,181 |  |  | 132,948,124 |  |  | 129,293,562 |
Basic (loss) earnings per common share attributable to Rayonier Inc.: | ($0.01) |  |  | — |  |  | $0.20 |  |  | $0.33 |
(Loss) Earnings per common share - diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (Loss) Income | ($9,498) |  |  | $1,528 |  |  | $17,378 |  |  | $50,241 |
Less: Net loss (income) attributable to noncontrolling interest in consolidated affiliates | 8,715 |  |  | (1,961) |  |  | 9,647 |  |  | (7,129) |
Less: Net loss (income) attributable to noncontrolling interest in the Operating Partnership | 25 |  | (a) | — |  |  | — |  |  | — |
Net (loss) income attributable to Rayonier Inc. used for determining (Loss) Earnings per common share - diluted | ($758) |  |  | ($433) |  |  | $27,025 |  |  | $43,112 |
Denominator: |  |  |  |  |  |  |
Denominator for basic (loss) earnings per common share - weighted average shares | 136,351,271 |  |  | 129,325,181 |  |  | 132,948,124 |  |  | 129,293,562 |
Add: Dilutive effect of: |  |  |  |  |  |  |
Stock options | — |  |  | — |  |  | 492 |  |  | 13,405 |
Performance shares, restricted shares and restricted stock units | — |  |  | — |  |  | 159,018 |  |  | 345,495 |
Noncontrolling interests in common units | — |  | (a) | — |  |  | 2,352,822 |  |  | — |
Denominator for diluted (loss) earnings per common share - adjusted weighted average shares | 136,351,271 |  |  | 129,325,181 |  |  | 135,460,456 |  |  | 129,652,462 |
Diluted (loss) earnings per common share attributable to Rayonier Inc.: | ($0.01) |  |  | — |  |  | $0.20 |  |  | $0.33 |
(a) For the three months ended September 30, 2020, net loss attributable to noncontrolling interest in the Operating Partnership was included in the numerator for diluted (loss) earnings per share as the Company generated a net loss attributable to Rayonier Inc. during the quarter. Also as a result of the net loss attributable to Rayonier Inc. during the three months ended September 30, 2020, the incremental shares related to noncontrolling interests in common units were excluded from the denominator of diluted loss per share. The following table provides details of the calculations of basic and diluted (loss) earnings per common unit of the Operating Partnership:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
(Loss) earnings per common unit - basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (Loss) Income | ($9,498) |  |  | $1,528 |  |  | $17,378 |  |  | $50,241 |
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates | 8,715 |  |  | (1,961) |  |  | 9,647 |  |  | (7,129) |
Net (loss) income available to unitholders | ($783) |  |  | ($433) |  |  | $27,025 |  |  | $43,112 |
Denominator: |  |  |  |  |  |  |
Denominator for basic (loss) earnings per common unit - weighted average units | 140,797,217 |  |  | 129,325,181 |  |  | 135,300,946 |  |  | 129,293,562 |
Basic (loss) earnings per common unit attributable to Rayonier, L.P.: | ($0.01) |  |  | — |  |  | $0.20 |  |  | $0.33 |
(Loss) earnings per common unit - diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net (Loss) Income | ($9,498) |  |  | $1,528 |  |  | $17,378 |  |  | $50,241 |
Less: Net loss (income) attributable to noncontrolling interests in consolidated affiliates | 8,715 |  |  | (1,961) |  |  | 9,647 |  |  | (7,129) |
Net (loss) income available to unitholders | ($783) |  |  | ($433) |  |  | $27,025 |  |  | $43,112 |
Denominator: |  |  |  |  |  |  |
Denominator for basic (loss) earnings per common unit - weighted average units | 140,797,217 |  |  | 129,325,181 |  |  | 135,300,946 |  |  | 129,293,562 |
Add: Dilutive effect of unit equivalents: |  |  |  |  |  |  |
Stock options | — |  |  | — |  |  | 492 |  |  | 13,405 |
Performance shares, restricted shares and restricted stock units | — |  |  | — |  |  | 159,018 |  |  | 345,495 |
Denominator for diluted (loss) earnings per common unit - adjusted weighted average units | 140,797,217 |  |  | 129,325,181 |  |  | 135,460,456 |  |  | 129,652,462 |
Diluted (loss) earnings per common unit attributable to Rayonier, L.P.: | ($0.01) |  |  | — |  |  | $0.20 |  |  | $0.33 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share and Per Unit |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Anti-dilutive shares excluded from the computations of diluted (loss) earnings per common share: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares, restricted stock units and noncontrolling interests in common units (a) | 5,038,514 |  |  | 611,740 |  |  | 471,999 |  |  | 421,853 |
Total | 5,038,514 |  |  | 611,740 |  |  | 471,999 |  |  | 421,853 |
(a) For the three months ended September 30, 2020 and September 30, 2019, the incremental shares related to stock options, performance shares, restricted shares, restricted stock units and noncontrolling interests in common units were not included in the computation of diluted loss per share as their inclusion would have had an anti-dilutive effect.
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Anti-dilutive unit equivalents excluded from the computations of diluted (loss) earnings per common unit: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units (a) | 592,568 |  |  | 611,740 |  |  | 471,999 |  |  | 421,853 |
Total | 592,568 |  |  | 611,740 |  |  | 471,999 |  |  | 421,853 |
(a) For the three months ended September 30, 2020 and September 30, 2019, the incremental unit equivalents related to stock options, performance shares, restricted shares and restricted stock units were not included in the computation of diluted loss per unit as their inclusion would have had an anti-dilutive effect

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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://fasb.org/us-gaap/role/ref/legacyRef -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/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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