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CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Shares
Retained Earnings
Accumulated Other Comprehensive Loss
Noncontrolling Interests in Consolidated Affiliates
Beginning balance (in shares) at Dec. 31, 2019   129,331,069      
Beginning balance at Dec. 31, 2019 $ 1,537,642 $ 888,177 $ 583,006 $ (31,202) $ 97,661
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 26,421   25,854   567
Net income attributable to noncontrolling interest in the Operating Partnership 0        
Dividends ($0.27 per share) (34,813)   (34,813)    
Issuance of shares under incentive stock plans (in shares)   2,407      
Issuance of shares under incentive stock plans 66 $ 66      
Stock-based compensation 1,510 $ 1,510      
Repurchase of common shares (in shares)   (152,237)      
Repurchase of common shares (3,152)   (3,152)    
Amortization of pension and postretirement plan liabilities 217     217  
Foreign currency translation adjustment (44,023)     (33,894) (10,129)
Cash flow hedges (83,475)     (82,376) (1,099)
Distributions to noncontrolling interests in consolidated affiliates (725)       (725)
Ending balance (in shares) at Mar. 31, 2020   129,181,239      
Ending balance at Mar. 31, 2020 1,399,668 $ 889,753 570,895 (147,255) 86,275
Beginning balance (in shares) at Dec. 31, 2020   137,678,822      
Beginning balance at Dec. 31, 2020 1,862,645 $ 1,101,675 446,267 (73,885) 388,588
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 15,032   11,189   3,843
Net income attributable to noncontrolling interest in the Operating Partnership (341)   (341)    
Dividends ($0.27 per share) [1] (37,532)   (37,532)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $381 (in shares)   1,107,814      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs of $197 36,708 $ 36,708      
Issuance of shares under incentive stock plans (in shares)   39,140      
Issuance of shares under incentive stock plans 1,166 $ 1,166      
Stock-based compensation 2,156 $ 2,156      
Repurchase of common shares (in shares)   (5,020)      
Repurchase of common shares (155) $ (155)      
Measurement period adjustment of noncontrolling interests in consolidated affiliates 655       655
Adjustment of noncontrolling interest in the Operating Partnership (11,867)   (11,867)    
Conversion of common units to common shares (in shares)   150,134      
Conversion of units into common shares 4,715 $ 4,715      
Amortization of pension and postretirement plan liabilities 294     294  
Foreign currency translation adjustment (14,288)     (11,652) (2,636)
Cash flow hedges 61,001     61,628 (627)
Allocation of other comprehensive income to noncontrolling interests in the Operating Partnership (1,531)     (1,531)  
Distributions to noncontrolling interests in consolidated affiliates (8,737)       (8,737)
Ending balance (in shares) at Mar. 31, 2021   138,970,890      
Ending balance at Mar. 31, 2021 $ 1,909,921 $ 1,146,265 $ 407,716 $ (25,146) $ 381,086
[1] For information regarding distributions to noncontrolling interests in the Operating Partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 6 — Noncontrolling Interests