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EARNINGS PER SHARE AND PER UNIT (Tables) | 12 Months Ended
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Dec. 31, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table provides details of the calculations of basic and diluted earnings per common share of the Company for the three years ended December 31:
| 2023 |  | 2022 |  | 2021
Earnings per common share - basic |  |  |  |  |
Numerator: |  |  |  |  |
Net Income | $178,495 |  |  | $122,791 |  |  | $210,487 |
Less: Net income attributable to noncontrolling interests in the operating partnership | (2,905) |  |  | (2,393) |  |  | (4,516) |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (2,097) |  |  | (13,321) |  |  | (53,421) |
Net income attributable to Rayonier Inc. | $173,493 |  |  | $107,077 |  |  | $152,550 |
Denominator: |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares | 148,046,673 |  |  | 146,209,847 |  |  | 140,812,882 |
Basic earnings per common share attributable to Rayonier Inc.: | $1.17 |  |  | $0.73 |  |  | $1.08 |
Earnings per common share - diluted |  |  |  |  |
Numerator: |  |  |  |  |
Net Income | $178,495 |  |  | $122,791 |  |  | $210,487 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (2,097) |  |  | (13,321) |  |  | (53,421) |
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership | $176,398 |  |  | $109,470 |  |  | $157,066 |
Denominator: |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares | 148,046,673 |  |  | 146,209,847 |  |  | 140,812,882 |
Add: Dilutive effect of: |  |  |  |  |
Stock options | 472 |  |  | 5,132 |  |  | 8,727 |
Performance shares, restricted shares and restricted stock units | 401,351 |  |  | 669,501 |  |  | 416,527 |
Noncontrolling interests in operating partnership units | 2,618,699 |  |  | 3,268,473 |  |  | 4,062,725 |
Denominator for diluted earnings per common share - adjusted weighted average shares | 151,067,195 |  |  | 150,152,953 |  |  | 145,300,861 |
Diluted earnings per common share attributable to Rayonier Inc.: | $1.17 |  |  | $0.73 |  |  | $1.08 |
The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership for the three years ended December 31:
| 2023 |  | 2022 |  | 2021
Earnings per unit - basic |  |  |  |  |
Numerator: |  |  |  |  |
Net Income | $178,495 |  |  | $122,791 |  |  | $210,487 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (2,097) |  |  | (13,321) |  |  | (53,421) |
Net income available to unitholders | $176,398 |  |  | $109,470 |  |  | $157,066 |
Denominator: |  |  |  |  |
Denominator for basic earnings per unit - weighted average units | 150,665,372 |  |  | 149,478,320 |  |  | 144,875,607 |
Basic earnings per unit attributable to Rayonier, L.P.: | $1.17 |  |  | $0.73 |  |  | $1.08 |
Earnings per unit - diluted |  |  |  |  |
Numerator: |  |  |  |  |
Net Income | $178,495 |  |  | $122,791 |  |  | $210,487 |
Less: Net income attributable to noncontrolling interests in consolidated affiliates | (2,097) |  |  | (13,321) |  |  | (53,421) |
Net income available to unitholders | $176,398 |  |  | $109,470 |  |  | $157,066 |
Denominator: |  |  |  |  |
Denominator for basic earnings per unit - weighted average units | 150,665,372 |  |  | 149,478,320 |  |  | 144,875,607 |
Add: Dilutive effect of unit equivalents: |  |  |  |  |
Stock options | 472 |  |  | 5,132 |  |  | 8,727 |
Performance shares, restricted shares and restricted stock units | 401,351 |  |  | 669,501 |  |  | 416,527 |
Denominator for diluted earnings per unit - adjusted weighted average units | 151,067,195 |  |  | 150,152,953 |  |  | 145,300,861 |
Diluted earnings per unit attributable to Rayonier, L.P. | $1.17 |  |  | $0.73 |  |  | $1.08 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share |
| 2023 |  | 2022 |  | 2021
Anti-dilutive shares excluded from computations of diluted earnings per common share: |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units | 164,865 |  |  | 103,514 |  |  | 149,705 |
| 2023 |  | 2022 |  | 2021
Anti-dilutive unit equivalents excluded from computations of diluted earnings per unit: |  |  |  |  |
Stock options, performance shares, restricted shares and restricted stock units | 164,865 |  |  | 103,514 |  |  | 149,705 |

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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 -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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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 -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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