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EARNINGS PER SHARE AND PER UNIT (Tables)

3 Months Ended

Mar. 31, 2024

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:

									Three Months Ended March 31,
															2024						2023
Earnings per common share - basic
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															148,567,375						147,377,448
Basic earnings per common share attributable to Rayonier Inc.:															$0.01						$0.06
Earnings per common share - diluted
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															148,567,375						147,377,448
Add: Dilutive effect of:
Stock options															165						1,886
Performance shares, restricted shares and restricted stock units															630,270						612,412
Noncontrolling interests in operating partnership units															2,178,239						3,087,383
Denominator for diluted earnings per common share - adjusted weighted average shares															151,376,049						151,079,129
Diluted earnings per common share attributable to Rayonier Inc.:															$0.01						$0.06

The following table provides details of the calculations of basic and diluted earnings per unit of the Operating Partnership:

									Three Months Ended March 31,
															2024						2023
Earnings per unit - basic
Numerator:
Net Income															$2,306						$7,437
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates															(929)						1,037
Net income available to unitholders															$1,377						$8,474
Denominator:
Denominator for basic earnings per unit - weighted average units															150,745,614						150,464,831
Basic earnings per unit attributable to Rayonier, L.P.:															$0.01						$0.06
Earnings per unit - diluted
Numerator:
Net Income															$2,306						$7,437
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates															(929)						1,037
Net income available to unitholders															$1,377						$8,474
Denominator:
Denominator for basic earnings per unit - weighted average units															150,745,614						150,464,831
Add: Dilutive effect of unit equivalents:
Stock options															165						1,886
Performance shares, restricted shares and restricted stock units															630,270						612,412
Denominator for diluted earnings per unit - adjusted weighted average units															151,376,049						151,079,129
Diluted earnings per unit attributable to Rayonier, L.P.:															$0.01						$0.06

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

									Three Months Ended March 31,
															2024						2023
Anti-dilutive shares excluded from the computations of diluted earnings per common share:
Stock options, performance shares, restricted shares and restricted stock units															93,575						64,667

									Three Months Ended March 31,
															2024						2023
Anti-dilutive unit equivalents excluded from the computations of diluted earnings per unit:
Stock options, performance shares, restricted shares and restricted stock units															93,575						64,667

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- References

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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

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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

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