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EARNINGS PER SHARE AND PER UNIT (Tables)

3 Months Ended

Mar. 31, 2021

Earnings Per Share [Abstract]

Schedule of Earnings Per Share and Per Unit, Basic and Diluted

The following table provides details of the calculations of basic and diluted earnings per common share of the Company:

									Three Months Ended March 31,
															2021						2020
Earnings per common share - basic
Numerator:
Net Income															$15,032						$26,421
Less: Net income attributable to noncontrolling interests in the Operating Partnership															(341)						—
Less: Net income attributable to noncontrolling interests in consolidated affiliates															(3,843)						(567)
Net income attributable to Rayonier Inc.															$10,848						$25,854
Denominator:
Denominator for basic earnings per common share - weighted average shares															137,870,821						129,137,494
Basic earnings per common share attributable to Rayonier Inc.:															$0.08						$0.20
Earnings per common share - diluted
Numerator:
Net Income															$15,032						$26,421
Less: Net income attributable to noncontrolling interests in consolidated affiliates															(3,843)						(567)
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the Operating Partnership															$11,189						$25,854
Denominator:
Denominator for basic earnings per common share - weighted average shares															137,870,821						129,137,494
Add: Dilutive effect of:
Stock options															4,051						1,075
Performance shares, restricted shares and restricted stock units															353,131						209,481
Noncontrolling interests in Operating Partnership units															4,330,794						—
Denominator for diluted earnings per common share - adjusted weighted average shares															142,558,797						129,348,050
Diluted earnings per common share attributable to Rayonier Inc.:															$0.08						$0.20

The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership:

									Three Months Ended March 31,
															2021						2020
Earnings per unit - basic
Numerator:
Net Income															$15,032						$26,421
Less: Net income attributable to noncontrolling interests in consolidated affiliates															(3,843)						(567)
Net income available to unitholders															$11,189						$25,854
Denominator:
Denominator for basic earnings per unit - weighted average units															142,201,615						129,137,494
Basic earnings per unit attributable to Rayonier, L.P.:															$0.08						$0.20
Earnings per unit - diluted
Numerator:
Net Income															$15,032						$26,421
Less: Net income attributable to noncontrolling interests in consolidated affiliates															(3,843)						(567)
Net income available to unitholders															$11,189						$25,854
Denominator:
Denominator for basic earnings per unit - weighted average units															142,201,615						129,137,494
Add: Dilutive effect of unit equivalents:
Stock options															4,051						1,075
Performance shares, restricted shares and restricted stock units															353,131						209,481
Denominator for diluted earnings per unit - adjusted weighted average units															142,558,797						129,348,050
Diluted earnings per unit attributable to Rayonier, L.P.:															$0.08						$0.20

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share and Per Unit

									Three Months Ended March 31,
															2021						2020
Anti-dilutive shares excluded from the computations of diluted earnings per common share:
Stock options, performance shares, restricted shares and restricted stock units															194,256						406,326
Total															194,256						406,326

									Three Months Ended March 31,
															2021						2020
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit:
Stock options, performance shares, restricted shares and restricted stock units															194,256						406,326
Total															194,256						406,326

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- References

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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

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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

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