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EARNINGS PER SHARE AND PER UNIT - Earnings Per Share, Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2024 | Mar. 31, 2023
Numerator: |  |
Net Income | $ 2,306 | $ 7,437
Less: Net income attributable to noncontrolling interests in the operating partnership | (20) | (174)
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | (929) | 1,037
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 1,357 | $ 8,300
Denominator: |  |
Denominator for basic earnings per common share - weighted average shares (in shares) | 148,567,375 | 147,377,448
Basic earnings per common share attributable to Rayonier Inc (in dollars per share) | $ 0.01 | $ 0.06
Numerator: |  |
Net Income | $ 2,306 | $ 7,437
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | (929) | 1,037
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the operating partnership | $ 1,377 | $ 8,474
Denominator: |  |
Denominator for basic earnings per common share - weighted average shares (in shares) | 148,567,375 | 147,377,448
Add: Dilutive effect of: |  |
Stock options (in shares) | 165 | 1,886
Performance shares, restricted shares and restricted stock units (in shares/units) | 630,270 | 612,412
Noncontrolling interests in operating partnership units (in shares) | 2,178,239 | 3,087,383
Denominator for diluted earnings per unit - adjusted weighted average units (in shares/units) | 151,376,049 | 151,079,129
Diluted earnings per common share attributable to Rayonier Inc (in dollars per share) | $ 0.01 | $ 0.06
Rayonier Limited Partnership |  |
Numerator: |  |
Net Income | $ 2,306 | $ 7,437
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | (929) | 1,037
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 1,377 | $ 8,474
Denominator: |  |
Denominator for basic earnings per unit - weighted average units (in units) | 150,745,614 | 150,464,831
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) | $ 0.01 | $ 0.06
Numerator: |  |
Net Income | $ 2,306 | $ 7,437
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | $ (929) | $ 1,037
Denominator: |  |
Denominator for basic earnings per unit - weighted average units (in units) | 150,745,614 | 150,464,831
Add: Dilutive effect of: |  |
Stock options (in shares) | 165 | 1,886
Performance shares, restricted shares and restricted stock units (in shares/units) | 630,270 | 612,412
Denominator for diluted earnings per unit - adjusted weighted average units (in shares/units) | 151,376,049 | 151,079,129
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit) | $ 0.01 | $ 0.06

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