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EARNINGS PER SHARE AND PER UNIT | 3 Months Ended
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Mar. 31, 2022
Earnings Per Share [Abstract] |
EARNINGS PER SHARE AND PER UNIT | EARNINGS PER SHARE AND PER UNIT The following table provides details of the calculations of basic and diluted earnings per common share of the Company:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Earnings per common share - basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income |  |  |  |  | $30,998 |  |  | $15,032 |
Less: Net income attributable to noncontrolling interests in the operating partnership |  |  |  |  | (669) |  |  | (341) |
Less: Net income attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | (1,012) |  |  | (3,843) |
Net income attributable to Rayonier Inc. |  |  |  |  | $29,317 |  |  | $10,848 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares |  |  |  |  | 145,430,171 |  |  | 137,870,821 |
Basic earnings per common share attributable to Rayonier Inc.: |  |  |  |  | $0.20 |  |  | $0.08 |
Earnings per common share - diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income |  |  |  |  | $30,998 |  |  | $15,032 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | (1,012) |  |  | (3,843) |
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership |  |  |  |  | $29,986 |  |  | $11,189 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares |  |  |  |  | 145,430,171 |  |  | 137,870,821 |
Add: Dilutive effect of: |  |  |  |  |  |  |
Stock options |  |  |  |  | 7,229 |  |  | 4,051 |
Performance shares, restricted shares and restricted stock units |  |  |  |  | 794,892 |  |  | 353,131 |
Noncontrolling interests in operating partnership units |  |  |  |  | 3,314,784 |  |  | 4,330,794 |
Denominator for diluted earnings per common share - adjusted weighted average shares |  |  |  |  | 149,547,076 |  |  | 142,558,797 |
Diluted earnings per common share attributable to Rayonier Inc.: |  |  |  |  | $0.20 |  |  | $0.08 |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Anti-dilutive shares excluded from the computations of diluted earnings per common share: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units |  |  |  |  | 254 |  |  | 194,256 |
Total |  |  |  |  | 254 |  |  | 194,256 |
The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership:
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Earnings per unit - basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income |  |  |  |  | $30,998 |  |  | $15,032 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | (1,012) |  |  | (3,843) |
Net income available to unitholders |  |  |  |  | $29,986 |  |  | $11,189 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per unit - weighted average units |  |  |  |  | 148,744,955 |  |  | 142,201,615 |
Basic earnings per unit attributable to Rayonier, L.P.: |  |  |  |  | $0.20 |  |  | $0.08 |
Earnings per unit - diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income |  |  |  |  | $30,998 |  |  | $15,032 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates |  |  |  |  | (1,012) |  |  | (3,843) |
Net income available to unitholders |  |  |  |  | $29,986 |  |  | $11,189 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per unit - weighted average units |  |  |  |  | 148,744,955 |  |  | 142,201,615 |
Add: Dilutive effect of unit equivalents: |  |  |  |  |  |  |
Stock options |  |  |  |  | 7,229 |  |  | 4,051 |
Performance shares, restricted shares and restricted stock units |  |  |  |  | 794,892 |  |  | 353,131 |
Denominator for diluted earnings per unit - adjusted weighted average units |  |  |  |  | 149,547,076 |  |  | 142,558,797 |
Diluted earnings per unit attributable to Rayonier, L.P.: |  |  |  |  | $0.20 |  |  | $0.08 |
|  |  | Three Months Ended March 31,
|  |  |  |  | 2022 |  | 2021
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units |  |  |  |  | 254 |  |  | 194,256 |
Total |  |  |  |  | 254 |  |  | 194,256 |

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