XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.1.u1
RAYONIER INC. AND SUBSIDIARIES CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (Unaudited) - USD ($)
$ in Thousands
Total
Common Shares
Retained Earnings
Accumulated Other Comprehensive Income
Noncontrolling Interests in Consolidated Affiliates
Beginning balance (in shares) at Dec. 31, 2022   147,282,631      
Beginning balance at Dec. 31, 2022 $ 1,880,712 $ 1,462,945 $ 366,637 $ 35,813 $ 15,317
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 7,437   8,474   (1,037)
Net income attributable to noncontrolling interests in the operating partnership (174)   (174)    
Dividends [1] (42,172)   (42,172)    
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs (in shares)   400      
Issuance of shares under the “at-the-market” equity offering, net of commissions and offering costs (10) $ (10)      
Issuance of shares under incentive stock plans (in shares)   1,564      
Stock-based compensation 2,499 $ 2,499      
Repurchase of common shares (in shares)   (1,167)      
Repurchase of common shares (41) $ (41)      
Adjustment of noncontrolling interests in the operating partnership (2,376)   (2,376)    
Conversion of units into common shares (in shares)   729,551      
Conversion of units into common shares 23,881 $ 23,881      
Pension and postretirement benefit plans 1     1  
Foreign currency translation adjustment (3,733)     (3,552) (181)
Cash flow hedges (12,319)     (12,504) 185
Allocation of other comprehensive loss to noncontrolling interests in the operating partnership 1,110     1,110  
Ending balance (in shares) at Mar. 31, 2023   148,012,979      
Ending balance at Mar. 31, 2023 $ 1,854,815 $ 1,489,274 330,389 20,868 14,284
Beginning balance (in shares) at Dec. 31, 2023 148,299,117 148,299,117      
Beginning balance at Dec. 31, 2023 $ 1,877,602 $ 1,497,641 338,244 24,651 17,066
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income (loss) 2,306   1,377   929
Net income attributable to noncontrolling interests in the operating partnership (20)   (20)    
Dividends [2] (42,777)   (42,777)    
Issuance of shares under incentive stock plans (in shares)   752      
Stock-based compensation 3,218 $ 3,218      
Repurchase of common shares (in shares)   (924)      
Repurchase of common shares (31) $ (31)      
Adjustment of noncontrolling interests in the operating partnership (291)   (291)    
Conversion of units into common shares (in shares)   350,376      
Conversion of units into common shares 11,511 $ 11,511      
Pension and postretirement benefit plans 9,562     9,562  
Foreign currency translation adjustment (16,951)     (16,178) (773)
Cash flow hedges 2,966     4,070 (1,104)
Allocation of other comprehensive loss to noncontrolling interests in the operating partnership 265     265  
Distributions to noncontrolling interests in consolidated affiliates $ (1,713)       (1,713)
Ending balance (in shares) at Mar. 31, 2024 148,649,321 148,649,321      
Ending balance at Mar. 31, 2024 $ 1,845,647 $ 1,512,339 $ 296,533 $ 22,370 $ 14,405
[1] For information regarding distributions to noncontrolling interests in the operating partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 4 — Noncontrolling Interests.
[2] For information regarding distributions to noncontrolling interests in the operating partnership, see the Rayonier Inc. Consolidated Statements of Cash Flows and Note 4 — Noncontrolling Interests.