XML 84 R63.htm IDEA: XBRL DOCUMENT
v3.22.0.1

INCOME TAXES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Income Tax Expense (Benefit) | The provision for income taxes for each of the three years ended December 31 follows:
| 2021 |  | 2020 |  | 2019 |
Current |  |  |  |  |  |
U.S. federal | ($1,893) |  |  | ($237) |  |  | $2 |  |
State | (536) |  |  | (339) |  |  | (122) |  |
Foreign | (11,425) |  |  | (5,391) |  |  | (1,542) |  |
| (13,854) |  |  | (5,967) |  |  | (1,662) |  |
Deferred |  |  |  |  |  |
U.S. federal | (6,288) |  |  | 8,355 |  |  | 465 |  |
State | (1,623) |  |  | 325 |  |  | 17 |  |
Foreign | (2,007) |  |  | (3,027) |  |  | (11,278) |  |
| (9,918) |  |  | 5,653 |  |  | (10,796) |  |
Changes in valuation allowance | 9,111 |  |  | (6,695) |  |  | (482) |  |
Total | ($14,661) |  |  | ($7,009) |  |  | ($12,940) |  |
Schedule of Effective Income Tax Rate Reconciliation | A reconciliation of the U.S. federal statutory income tax rate to the actual income tax rate for each of the three years ended December 31 follows:
|  | 2021 |  | 2020 |  | 2019
U.S. federal statutory income tax rate |  | ($47,280) |  |  | (21.0) | % |  | ($7,726) |  |  | (21.0) | % |  | ($16,930) |  |  | (21.0) | %
U.S. and foreign REIT income |  | 44,316 |  |  | 19.7 |  |  | 16,569 |  |  | 45.0 |  |  | 19,902 |  |  | 24.7 |
Matariki Group and Rayonier New Zealand Ltd |  | (12,927) |  |  | (5.7) |  |  | (7,698) |  |  | (20.8) |  |  | (11,181) |  |  | (13.9) |
Change in valuation allowance |  | 9,111 |  |  | 4.0 |  |  | (6,695) |  |  | (18.2) |  |  | (482) |  |  | (0.6) |
REIT Built-in Gain |  | (2,215) |  |  | (1.0) |  |  | — |  |  | — |  |  | — |  |  | — |
State Net Operating Loss |  | — |  |  | — |  |  | 1,118 |  |  | 3.0 |  |  | — |  |  | — |
Prepaid land sales |  | — |  |  | — |  |  | (1,084) |  |  | (2.9) |  |  | — |  |  | — |
Internal transfer of assets deferred |  | — |  |  | — |  |  | — |  |  | — |  |  | (1,815) |  |  | (2.3) |
Foreign income tax withholding |  | (505) |  |  | (0.2) |  |  | (721) |  |  | (2.0) |  |  | (1,535) |  |  | (1.9) |
Sale of Timber Funds |  | (2,399) |  |  | (1.1) |  |  | — |  |  | — |  |  | — |  |  | — |
Other |  | (2,762) |  |  | (1.2) |  |  | (772) |  |  | (2.1) |  |  | (899) |  |  | (1.1) |
Income tax expense as reported for net income |  | ($14,661) |  |  | (6.5) | % |  | ($7,009) |  |  | (19.0) | % |  | ($12,940) |  |  | (16.1) | %
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 follows:
| 2021 |  | 2020
Gross deferred tax assets: |  |  |
Pension, postretirement and other employee benefits | $597 |  |  | $1,403 |
New Zealand subsidiary | 21,790 |  |  | 23,461 |
CBPC tax credit carry forwards | 13,701 |  |  | 14,555 |
Capitalized real estate costs | 1,656 |  |  | 1,459 |
U.S. TRS net operating loss | 12,489 |  |  | 18,363 |
Land basis difference | 9,061 |  |  | 9,468 |
Other | 5,367 |  |  | 5,502 |
Total gross deferred tax assets | 64,661 |  |  | 74,211 |
Less: Valuation allowance | (36,904) |  |  | (46,015) |
Total deferred tax assets after valuation allowance | $27,757 |  |  | $28,196 |
Gross deferred tax liabilities: |  |  |
Accelerated depreciation | (46) |  |  | (38) |
New Zealand subsidiary | (91,388) |  |  | (98,245) |
Other | (6,059) |  |  | (4,884) |
Total gross deferred tax liabilities | (97,493) |  |  | (103,167) |
Net deferred tax liability reported as noncurrent | ($69,736) |  |  | ($74,971) |
Summary of Operating Loss and Tax Credit Carryforwards | Net operating loss (“NOL”) and tax credit carryforwards as of the two years ended December 31 follows:
| Tax Effected Balance |  |  |  |  | Expiration
2021 |  |  |  |  |  |
U.S. Federal NOL Carryforwards- Post TCJA (a) | $10,687 |  |  |  |  |  | None
U.S State NOL Carryforwards (b) | 1,802 |  |  |  |  |  | 2033
Cellulosic Biofuel Producer Credit (c) | 13,701 |  |  |  |  |  | 2023
2020 |  |  |  |  |  |
U.S. Federal NOL Carryforwards- Pre TCJA (a) | $2,363 |  |  |  |  |  | 2036
U.S. Federal NOL Carryforwards- Post TCJA (a) | 13,017 |  |  |  |  |  | None
U.S State NOL Carryforwards (b) | 2,983 |  |  |  |  |  | 2031
Cellulosic Biofuel Producer Credit (c) | 14,555 |  |  |  |  |  | 2023
(a)The Tax Cuts and Jobs Act (TCJA) was signed into law on December 22, 2017. The TCJA lifted the 20-year federal NOL Carryforward period. Net operating losses generated after December 31, 2017 have an indefinite carryforward period. (b)The U.S. state NOL is made up of several jurisdictions that expire in various future years. As of December 31, 2021, no state NOL is set to expire before December 31, 2033. As of December 31, 2020, no state NOL was set to expire before December 31, 2031. (c)The Further Consolidated Appropriations Act, 2020 was signed into law on December 20, 2019. The Further Consolidated Appropriations Act, 2020 included the Taxpayer Certainty and Disaster Relief Act of 2019 (Tax Extenders Act), which temporarily renewed approximately two dozen credits that previously expired or were set to expire at the end of 2019. The Cellulosic Biofuel Producer Credit was one of the credits extended under this act.
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 | 2018 - 2020
New Zealand Inland Revenue | 2016 - 2020
Summary of Tax Characteristics of Dividend Distributions | The taxable nature of the dividend distributions paid for each of the three years ended December 31 follows:
| 2021 |  | 2020 |  | 2019 |
Total dividends/distributions paid per common share/unit | $1.08 |  |  | $1.08 |  |  | $1.08 |  |
Tax characteristics: |  |  |  |  |  |
Capital gain | 100 | % |  | 100 | % |  | 100 | % |

X
- Definition Summary Of Tax Characteristics Of Dividend Distributions + References No definition available. + Details
Name: | ryn_SummaryOfTaxCharacteristicsOfDividendDistributionsTableTextBlock
Namespace Prefix: | ryn_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income tax examinations that an enterprise is currently subject to or that have been completed in the current period typically including a description of the examination, the jurisdiction conducting the examination, the tax year(s) under examination, the likelihood of an unfavorable settlement, the range of possible losses, the liability recorded, the increase or decrease in the liability from the prior period, and any penalties and interest that have been recorded. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32718-109319 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 + Details
Name: | us-gaap_SummaryOfIncomeTaxExaminationsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32559-109319 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration