XML 82 R68.htm IDEA: XBRL DOCUMENT v3.24.2.u1
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