XML 35 R22.htm IDEA: XBRL DOCUMENT
v3.23.3

EARNINGS PER SHARE AND PER UNIT | 9 Months Ended
--- | ---
Sep. 30, 2023
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 September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Earnings per common share - basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income | $22,740 |  |  | $31,861 |  |  | $49,274 |  |  | $88,147 |
Less: Net income attributable to noncontrolling interests in the operating partnership | (320) |  |  | (455) |  |  | (811) |  |  | (1,670) |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (3,183) |  |  | (10,828) |  |  | (1,902) |  |  | (12,478) |
Net income attributable to Rayonier Inc. | $19,237 |  |  | $20,578 |  |  | $46,561 |  |  | $73,999 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares | 148,274,209 |  |  | 146,370,340 |  |  | 147,959,983 |  |  | 146,022,718 |
Basic earnings per common share attributable to Rayonier Inc.: | $0.13 |  |  | $0.14 |  |  | $0.31 |  |  | $0.51 |
Earnings per common share - diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income | $22,740 |  |  | $31,861 |  |  | $49,274 |  |  | $88,147 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (3,183) |  |  | (10,828) |  |  | (1,902) |  |  | (12,478) |
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership | $19,557 |  |  | $21,033 |  |  | $47,372 |  |  | $75,669 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares | 148,274,209 |  |  | 146,370,340 |  |  | 147,959,983 |  |  | 146,022,718 |
Add: Dilutive effect of: |  |  |  |  |  |  |
Stock options | — |  |  | 3,271 |  |  | 629 |  |  | 6,200 |
Performance shares, restricted shares and restricted stock units | 299,613 |  |  | 620,316 |  |  | 394,006 |  |  | 693,954 |
Noncontrolling interests in operating partnership units | 2,462,431 |  |  | 3,238,962 |  |  | 2,676,911 |  |  | 3,288,409 |
Denominator for diluted earnings per common share - adjusted weighted average shares | 151,036,253 |  |  | 150,232,889 |  |  | 151,031,529 |  |  | 150,011,281 |
Diluted earnings per common share attributable to Rayonier Inc.: | $0.13 |  |  | $0.14 |  |  | $0.31 |  |  | $0.50 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Anti-dilutive shares excluded from the computations of diluted earnings per common share: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units | 164,521 |  |  | 126,132 |  |  | 156,835 |  |  | 78,634 |
Total | 164,521 |  |  | 126,132 |  |  | 156,835 |  |  | 78,634 |
The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Earnings per unit - basic |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income | $22,740 |  |  | $31,861 |  |  | $49,274 |  |  | $88,147 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (3,183) |  |  | (10,828) |  |  | (1,902) |  |  | (12,478) |
Net income available to unitholders | $19,557 |  |  | $21,033 |  |  | $47,372 |  |  | $75,669 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per unit - weighted average units | 150,736,640 |  |  | 149,609,302 |  |  | 150,636,894 |  |  | 149,311,127 |
Basic earnings per unit attributable to Rayonier, L.P.: | $0.13 |  |  | $0.14 |  |  | $0.31 |  |  | $0.51 |
Earnings per unit - diluted |  |  |  |  |  |  |
Numerator: |  |  |  |  |  |  |
Net Income | $22,740 |  |  | $31,861 |  |  | $49,274 |  |  | $88,147 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (3,183) |  |  | (10,828) |  |  | (1,902) |  |  | (12,478) |
Net income available to unitholders | $19,557 |  |  | $21,033 |  |  | $47,372 |  |  | $75,669 |
Denominator: |  |  |  |  |  |  |
Denominator for basic earnings per unit - weighted average units | 150,736,640 |  |  | 149,609,302 |  |  | 150,636,894 |  |  | 149,311,127 |
Add: Dilutive effect of unit equivalents: |  |  |  |  |  |  |
Stock options | — |  |  | 3,271 |  |  | 629 |  |  | 6,200 |
Performance shares, restricted shares and restricted stock units | 299,613 |  |  | 620,316 |  |  | 394,006 |  |  | 693,954 |
Denominator for diluted earnings per unit - adjusted weighted average units | 151,036,253 |  |  | 150,232,889 |  |  | 151,031,529 |  |  | 150,011,281 |
Diluted earnings per unit attributable to Rayonier, L.P.: | $0.13 |  |  | $0.14 |  |  | $0.31 |  |  | $0.50 |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2023 |  | 2022 |  | 2023 |  | 2022
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit: |  |  |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units | 164,521 |  |  | 126,132 |  |  | 156,835 |  |  | 78,634 |
Total | 164,521 |  |  | 126,132 |  |  | 156,835 |  |  | 78,634 |

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

X
- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
Name: | us-gaap_EarningsPerShareTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration