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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 | 6 Months Ended
--- | --- | ---
Jun. 30, 2024 | Mar. 31, 2024 | Jun. 30, 2023 | Mar. 31, 2023 | Jun. 30, 2024 | Jun. 30, 2023
Numerator: |  |  |  |  |  |
Net Income | $ 3,035 |  | $ 19,096 |  | $ 5,341 | $ 26,534
Less: Net income attributable to noncontrolling interests in the Operating Partnership | (26) | $ (20) | (318) | $ (174) | (46) | (492)
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | (1,106) |  | 245 |  | (2,035) | 1,281
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 1,903 |  | $ 19,023 |  | $ 3,260 | $ 27,323
Denominator: |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares (in shares) | 148,910,214 |  | 148,218,436 |  | 148,738,795 | 147,800,265
Basic earnings per common share attributable to Rayonier Inc (in dollars per share) | $ 0.01 |  | $ 0.13 |  | $ 0.02 | $ 0.18
Numerator: |  |  |  |  |  |
Net Income | $ 3,035 |  | $ 19,096 |  | $ 5,341 | $ 26,534
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | (1,106) |  | 245 |  | (2,035) | 1,281
Net income attributable to Rayonier Inc., before net income attributable to noncontrolling interests in the Operating Partnership | $ 1,929 |  | $ 19,341 |  | $ 3,306 | $ 27,815
Denominator: |  |  |  |  |  |
Denominator for basic earnings per common share - weighted average shares (in shares) | 148,910,214 |  | 148,218,436 |  | 148,738,795 | 147,800,265
Add: Dilutive effect of: |  |  |  |  |  |
Stock options (in shares) | 0 |  | 0 |  | 82 | 943
Performance shares, restricted shares and restricted stock units (in shares/units) | 298,655 |  | 269,994 |  | 464,463 | 441,204
Noncontrolling interests in Operating Partnership units (in shares) | 2,059,420 |  | 2,476,761 |  | 2,118,829 | 2,785,928
Denominator for diluted earnings per unit - adjusted weighted average units (in shares) | 151,268,289 |  | 150,965,191 |  | 151,322,169 | 151,028,340
Diluted earnings per common share attributable to Rayonier Inc (in dollars per share) | $ 0.01 |  | $ 0.13 |  | $ 0.02 | $ 0.18
Rayonier Limited Partnership |  |  |  |  |  |
Numerator: |  |  |  |  |  |
Net Income | $ 3,035 | 2,306 | $ 19,096 | 7,437 | $ 5,341 | $ 26,534
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | (1,106) |  | 245 |  | (2,035) | 1,281
NET INCOME ATTRIBUTABLE TO RAYONIER INC. | $ 1,929 |  | $ 19,341 |  | $ 3,306 | $ 27,815
Denominator: |  |  |  |  |  |
Denominator for basic earnings per unit - weighted average units (in units) | 150,969,634 |  | 150,695,197 |  | 150,857,624 | 150,586,193
Basic earnings per unit attributable to Rayonier, L.P. (in dollars per unit) | $ 0.01 |  | $ 0.13 |  | $ 0.02 | $ 0.18
Numerator: |  |  |  |  |  |
Net Income | $ 3,035 | $ 2,306 | $ 19,096 | $ 7,437 | $ 5,341 | $ 26,534
Less: Net (income) loss attributable to noncontrolling interests in consolidated affiliates | $ (1,106) |  | $ 245 |  | $ (2,035) | $ 1,281
Denominator: |  |  |  |  |  |
Denominator for basic earnings per unit - weighted average units (in units) | 150,969,634 |  | 150,695,197 |  | 150,857,624 | 150,586,193
Add: Dilutive effect of: |  |  |  |  |  |
Stock options (in shares) | 0 |  | 0 |  | 82 | 943
Performance shares, restricted shares and restricted stock units (in shares/units) | 298,655 |  | 269,994 |  | 464,463 | 441,204
Denominator for diluted earnings per unit - adjusted weighted average units (in units) | 151,268,289 |  | 150,965,191 |  | 151,322,169 | 151,028,340
Diluted earnings per unit attributable to Rayonier, L.P. (in dollars per unit) | $ 0.01 |  | $ 0.13 |  | $ 0.02 | $ 0.18

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