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DISCONTINUED OPERATIONS - Schedule of Operating Results of Discontinued Operation (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2025 | Jun. 30, 2024 | Jun. 30, 2025 | Jun. 30, 2024
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
(Loss) income from operations of discontinued operations, net of tax | $ (625) | $ 6,931 | $ 1,883 | $ 13,747
INCOME FROM DISCONTINUED OPERATIONS | 403,838 | 6,931 | 406,346 | 13,747
Less: Net income from discontinued operations attributable to noncontrolling interests in the Operating Partnership | (5,347) | (79) | (5,375) | (164)
Less: Net loss (income) from discontinued operations attributable to NCI in consolidated affiliates | 577 | (1,119) | 192 | (2,058)
Net income from discontinued operations attributable to Rayonier Inc. | 399,068 | 5,733 | 401,163 | 11,525
Discontinued Operations, Disposed of by Sale | New Zealand Joint Venture |  |  |  |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] |  |  |  |
Sales | 52,572 | 73,971 | 109,332 | 128,363
Cost of sales | (51,461) | (64,371) | (102,050) | (111,428)
Other operating expense, net | (1,778) | (1,706) | (3,400) | (1,463)
Costs and Expenses | (53,239) | (66,077) | (105,450) | (112,891)
Operating (loss) income from discontinued operations | (667) | 7,894 | 3,882 | 15,472
Interest expense, net | (780) | (782) | (1,508) | (1,578)
Interest income | 104 | 319 | 202 | 512
(Loss) income from operations of discontinued operations before income taxes | (1,343) | 7,431 | 2,576 | 14,406
Income tax benefit (expense) | 718 | (500) | (693) | (659)
(Loss) income from operations of discontinued operations, net of tax | (625) | 6,931 | 1,883 | 13,747
Gain on sale of discontinued operations | 404,463 | 0 | 404,463 | 0
INCOME FROM DISCONTINUED OPERATIONS | 403,838 | 6,931 | 406,346 | 13,747
Less: Net income from discontinued operations attributable to noncontrolling interests in the Operating Partnership | (5,347) | (79) | (5,375) | (164)
Less: Net loss (income) from discontinued operations attributable to NCI in consolidated affiliates | 577 | (1,119) | 192 | (2,058)
Net income from discontinued operations attributable to Rayonier Inc. | $ 399,068 | 5,733 | 401,163 | 11,525
Transaction costs |  | $ 500 | $ 200 | $ 500

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