2010 Q4 Form 10-K Financial Statement

#000005282712000009 Filed on February 28, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $315.3M $377.5M $312.2M
YoY Change 1.78% 25.59% 12.02%
Cost Of Revenue $245.1M $269.2M $242.9M
YoY Change 1.32% 16.14% 12.11%
Gross Profit $70.20M $108.3M $69.27M
YoY Change 3.39% 57.43% 11.73%
Gross Profit Margin 22.26% 28.69% 22.19%
Selling, General & Admin $17.80M $17.13M $15.17M
YoY Change 0.56% 7.03% 6.1%
% of Gross Profit 25.36% 15.81% 21.9%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $27.70M $39.17M $33.21M
YoY Change -12.34% -2.33% -31.11%
% of Gross Profit 39.46% 36.16% 47.94%
Operating Expenses $38.20M $17.13M $15.17M
YoY Change -172.08% -139.64% -120.84%
Operating Profit $56.67M $92.08M $56.34M
YoY Change -53.13% -17.78% -58.2%
Interest Expense -$12.00M $12.94M $12.25M
YoY Change -11.76% -196.59% -197.22%
% of Operating Profit -21.18% 14.06% 21.74%
Other Income/Expense, Net $345.0K $408.0K
YoY Change
Pretax Income $44.30M $79.48M $44.50M
YoY Change -58.75% -19.47% -63.58%
Income Tax -$14.90M $16.58M $5.944M
% Of Pretax Income -33.63% 20.86% 13.36%
Net Earnings $59.17M $62.90M $38.56M
YoY Change -39.44% -22.44% -64.23%
Net Earnings / Revenue 18.77% 16.66% 12.35%
Basic Earnings Per Share $0.49 $0.52 $0.32
Diluted Earnings Per Share $0.48 $0.51 $0.32
COMMON SHARES
Basic Shares Outstanding 120.4M shares 80.10M shares
Diluted Shares Outstanding 122.2M shares 81.09M shares

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $349.5M $405.7M $344.2M
YoY Change 366.0% 164.99% 474.62%
Cash & Equivalents $349.5M $405.7M $344.2M
Short-Term Investments
Other Short-Term Assets $45.30M $53.70M $62.40M
YoY Change -9.22% -8.83% -3.55%
Inventory $110.0M $86.20M $92.30M
Prepaid Expenses
Receivables $82.64M $114.5M $95.70M
Other Receivables $21.80M $1.600M $100.0K
Total Short-Term Assets $609.2M $661.7M $594.7M
YoY Change 19.52% 21.73% 49.31%
LONG-TERM ASSETS
Property, Plant & Equipment $385.3M $1.502B $1.518B
YoY Change -74.87% -2.34% -2.94%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $68.50M $65.30M $63.80M
YoY Change 34.31% 33.81% 34.03%
Other Assets $162.7M $163.2M $176.5M
YoY Change 2.55% 0.93% 14.24%
Total Long-Term Assets $1.754B $1.730B $1.758B
YoY Change 0.65% -1.04% -0.44%
TOTAL ASSETS
Total Short-Term Assets $609.2M $661.7M $594.7M
Total Long-Term Assets $1.754B $1.730B $1.758B
Total Assets $2.364B $2.392B $2.353B
YoY Change 4.92% 4.36% 8.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $57.99M $50.70M $64.30M
YoY Change -1.05% 3.26% -3.74%
Accrued Expenses $51.80M $25.40M $15.70M
YoY Change -33.93% 77.62% 292.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $93.06M $0.00 $0.00
YoY Change 1879.94% -100.0% -100.0%
Total Short-Term Liabilities $244.9M $175.1M $177.0M
YoY Change 39.89% 5.23% 9.87%
LONG-TERM LIABILITIES
Long-Term Debt $675.1M $766.1M $764.1M
YoY Change -2.86% -5.31% 1.95%
Other Long-Term Liabilities $44.03M $228.3M $229.7M
YoY Change -81.39% -4.48% -3.97%
Total Long-Term Liabilities $719.1M $994.4M $993.8M
YoY Change -22.81% -5.12% 0.52%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.9M $175.1M $177.0M
Total Long-Term Liabilities $719.1M $994.4M $993.8M
Total Liabilities $1.112B $1.170B $1.171B
YoY Change 0.49% -3.7% 1.83%
SHAREHOLDERS EQUITY
Retained Earnings $717.1M
YoY Change
Common Stock $602.9M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.252B $1.223B $1.182B
YoY Change
Total Liabilities & Shareholders Equity $2.364B $2.392B $2.353B
YoY Change 4.92% 4.36% 8.72%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $59.17M $62.90M $38.56M
YoY Change -39.44% -22.44% -64.23%
Depreciation, Depletion And Amortization $27.70M $39.17M $33.21M
YoY Change -12.34% -2.33% -31.11%
Cash From Operating Activities $22.20M $117.4M $264.4M
YoY Change -76.13% 34.79% 323.72%
INVESTING ACTIVITIES
Capital Expenditures -$48.20M -$24.30M -$35.10M
YoY Change 81.2% 62.0% 72.91%
Acquisitions
YoY Change
Other Investing Activities $8.200M -$1.800M -$3.700M
YoY Change 54.72% -41.94% -17.78%
Cash From Investing Activities -$40.10M -$26.10M -$38.90M
YoY Change 89.15% 44.2% 57.49%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -38.40M -29.80M -34.40M
YoY Change -74.38% -223.65% -2.27%
NET CHANGE
Cash From Operating Activities 22.20M 117.4M 264.4M
Cash From Investing Activities -40.10M -26.10M -38.90M
Cash From Financing Activities -38.40M -29.80M -34.40M
Net Change In Cash -56.30M 61.50M 191.1M
YoY Change -27.91% -33.94% 7544.0%
FREE CASH FLOW
Cash From Operating Activities $22.20M $117.4M $264.4M
Capital Expenditures -$48.20M -$24.30M -$35.10M
Free Cash Flow $70.40M $141.7M $299.5M
YoY Change -41.14% 38.79% 262.15%

Facts In Submission

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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:6px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain 2010 and 2009 amounts have been reclassified to agree with the current year presentation.</font></div></div>
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30211000 USD
CY2011Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
17796000 USD
CY2010Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
18225000 USD
CY2011Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
13615000 USD
CY2010Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
18726000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
13795000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Credit Carryforwards
DeferredTaxAssetsTaxCreditCarryforwards
4443000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
62382000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefits
37653000 USD
CY2011Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
33295000 USD
CY2010Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsOther
34416000 USD
CY2010Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
23944000 USD
CY2011Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
18811000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
75951000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
71645000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
6269000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
6776000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
4021000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
5309000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
62594000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
65683000 USD
CY2011Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
5030000 USD
CY2010Q4 us-gaap Deferred Tax Liabilities Undistributed Foreign Earnings
DeferredTaxLiabilitiesUndistributedForeignEarnings
4959000 USD
CY2010Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
329300000 USD
CY2011Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
DefinedBenefitPlanAccumulatedBenefitObligation
392200000 USD
CY2011 us-gaap Defined Benefit Plan Description Of Plan Amendment
DefinedBenefitPlanDescriptionOfPlanAmendment
In September 2008, the Company changed its postretirement medical plan for active and retired salaried employees to shift retiree medical costs to the plan participants over a three year phase-out period. Accordingly, at the beginning of 2012, the Company’s intent is to no longer incur retiree medical costs for retired salary plan participants. The change was accounted for as a negative plan amendment and curtailment which resulted in a reduction to the retiree medical liability. The net impact of the reduction was an unrecognized gain in accumulated other comprehensive income of $7.7 million which was amortized over 1.9 years, the average remaining service period of the remaining active participants.
CY2010Q4 us-gaap Defined Benefit Plan Effect Of Plan Amendment On Net Periodic Benefit Cost
DefinedBenefitPlanEffectOfPlanAmendmentOnNetPeriodicBenefitCost
2400000 USD
CY2009Q4 us-gaap Defined Benefit Plan Effect Of Plan Amendment On Net Periodic Benefit Cost
DefinedBenefitPlanEffectOfPlanAmendmentOnNetPeriodicBenefitCost
4000000 USD
CY2011 us-gaap Defined Benefit Plan Investment Goals
DefinedBenefitPlanInvestmentGoals
The Company's Pension and Savings Plan Committee and the Audit Committee of the Board of Directors oversee the pension plans’ investment program which is designed to maximize returns and provide sufficient liquidity to meet plan obligations while maintaining acceptable risk levels. The investment approach emphasizes diversification by allocating the plans’ assets among asset categories and selecting investment managers whose various investment methodologies will be minimally correlative with each other. Investments within the equity categories may include large capitalization, small capitalization and emerging market securities, while the international fixed income portfolio may include emerging markets debt.
CY2010Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
323918000 USD
CY2010Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Fair Value Of Plan Assets
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateFairValueOfPlanAssets
255728000 USD
CY2011Q4 us-gaap Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Projected Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateProjectedBenefitObligation
437980000 USD
CY2011 us-gaap Defined Benefit Plan Plan Assets At Fair Value Valuation Techniques And Inputs
DefinedBenefitPlanPlanAssetsAtFairValueValuationTechniquesAndInputs
The valuation methodology used for assets measured at fair value for these funds is the net asset value in an observable market.
CY2011 us-gaap Defined Benefit Plan Plan Assets At Fair Value Valuation Techniques And Inputs Changes
DefinedBenefitPlanPlanAssetsAtFairValueValuationTechniquesAndInputsChanges
no changes in the methodology
CY2011 us-gaap Defined Benefit Plan Type Of Employer And Related Party Securities Included In Plan Assets
DefinedBenefitPlanTypeOfEmployerAndRelatedPartySecuritiesIncludedInPlanAssets
Rayonier common stock
CY2011 us-gaap Defined Benefit Plan Unfunded Plan
DefinedBenefitPlanUnfundedPlan
an unfunded plan that provides benefits in excess of amounts allowable under current tax law in the qualified plans
CY2011 us-gaap Defined Benefit Plans General Information
DefinedBenefitPlansGeneralInformation
The Company has four qualified non-contributory defined benefit pension plans covering a significant majority of its employees
CY2011 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2600000 USD
CY2010 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2400000 USD
CY2009 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2200000 USD
CY2009 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
158371000 USD
CY2010 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
143406000 USD
CY2011 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
135742000 USD
CY2011 us-gaap Description Of Defined Contribution Pension And Other Postretirement Plans
DescriptionOfDefinedContributionPensionAndOtherPostretirementPlans
The Company provides defined contribution plans to all of its hourly and salaried employees.
CY2011 us-gaap Dividends
Dividends
186828000 USD
CY2010 us-gaap Dividends
Dividends
164514000 USD
CY2009 us-gaap Dividends
Dividends
158486000 USD
CY2010Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
0 USD
CY2011Q4 us-gaap Due To Related Parties Noncurrent
DueToRelatedPartiesNoncurrent
0 USD
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.81
CY2009 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.63
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.27
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.32
CY2011Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.49
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2010Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.86
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.20
CY2009 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.60
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.79
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.84
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.32
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2010Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2011Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.48
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2011 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
617000 USD
CY2010 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-48000 USD
CY2009 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
270000 USD
CY2011 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.099
CY2010 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.065
CY2009 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.129
CY2009 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2010 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2011 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.350
CY2009 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.004
CY2011 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.019
CY2010 us-gaap Effective Income Tax Rate Reconciliation Other Adjustments
EffectiveIncomeTaxRateReconciliationOtherAdjustments
-0.001
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
0.000
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
-0.019
CY2009 us-gaap Effective Income Tax Rate Reconciliation Tax Holidays
EffectiveIncomeTaxRateReconciliationTaxHolidays
0.000
CY2009 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
0.046
CY2010 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.011
CY2011 us-gaap Effective Income Tax Rate Reconciliation Tax Settlements
EffectiveIncomeTaxRateReconciliationTaxSettlements
-0.053
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
26846000 USD
CY2010Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
25466000 USD
CY2011 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4300000 USD
CY2009 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
3600000 USD
CY2010 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
4200000 USD
CY2011 us-gaap Environmental Applicability Impact And Conclusion Disclosures
EnvironmentalApplicabilityImpactAndConclusionDisclosures
In addition, the Company is exposed to the risk of reasonably possible additional losses in excess of the established liabilities. As of December 31, 2011, this amount could range up to $29 million, allocable over several of the applicable sites, and arises from uncertainty over the availability, feasibility or effectiveness of certain remediation technologies, additional or different contamination that may be discovered, development of new or more effective environmental remediation technologies and the exercise of discretion in interpretation of applicable law and regulations by governmental agencies.
CY2011 us-gaap Environmental Costs Of Property For Sale Disposal Or Abandonment Balance Sheet Caption
EnvironmentalCostsOfPropertyForSaleDisposalOrAbandonmentBalanceSheetCaption
liabilities for dispositions and discontinued operations
CY2011 us-gaap Environmental Exit Costs Nature Of Costs
EnvironmentalExitCostsNatureOfCosts
Remedial actions for these sites vary, but include on-site (and in certain cases off-site) removal or treatment of contaminated soils and sediments, recovery and treatment/remediation of groundwater, and source remediation and/or control.
CY2011 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
5989000 USD
CY2009 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
682000 USD
CY2010 us-gaap Environmental Remediation Expense
EnvironmentalRemediationExpense
3201000 USD
CY2010 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
11545000 USD
CY2009 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2011 us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
CY2009 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
2720000 USD
CY2010 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5411000 USD
CY2011 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5681000 USD
CY2009 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-2695000 USD
CY2011 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-7412000 USD
CY2010 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-871000 USD
CY2011 us-gaap Gain Or Loss On Sale Of Previously Unissued Stock By Equity Investee
GainOrLossOnSaleOfPreviouslyUnissuedStockByEquityInvestee
0 USD
CY2010 us-gaap Gain Or Loss On Sale Of Previously Unissued Stock By Equity Investee
GainOrLossOnSaleOfPreviouslyUnissuedStockByEquityInvestee
12367000 USD
CY2009 us-gaap Gain Or Loss On Sale Of Previously Unissued Stock By Equity Investee
GainOrLossOnSaleOfPreviouslyUnissuedStockByEquityInvestee
0 USD
CY2011Q4 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
39515000 USD
CY2011Q4 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
51856000 USD
CY2009 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
358877000 USD
CY2011 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
306362000 USD
CY2010 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
232803000 USD
CY2009 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2826000 USD
CY2011 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4088000 USD
CY2010 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1033000 USD
CY2009 us-gaap Income Tax Credits And Adjustments
IncomeTaxCreditsAndAdjustments
-205229000 USD
CY2010 us-gaap Income Tax Effects Allocated Directly To Equity Employee Stock Options
IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions
5400000 USD
CY2011 us-gaap Income Tax Effects Allocated Directly To Equity Employee Stock Options
IncomeTaxEffectsAllocatedDirectlyToEquityEmployeeStockOptions
5700000 USD
CY2010 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
15217000 USD
CY2009 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
46336000 USD
CY2011 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
30357000 USD
CY2009 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8824000 USD
CY2011 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17509000 USD
CY2010 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
11776000 USD
CY2011Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
1945000 USD
CY2010Q4 us-gaap Income Taxes Receivable
IncomeTaxesReceivable
21734000 USD
CY2010 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4606000 USD
CY2011 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
6347000 USD
CY2009 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-12552000 USD
CY2009 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
26863000 USD
CY2011 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12011000 USD
CY2010 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20774000 USD
CY2011 us-gaap Increase Decrease In Deferred Pension Costs
IncreaseDecreaseInDeferredPensionCosts
12369000 USD
CY2009 us-gaap Increase Decrease In Deferred Pension Costs
IncreaseDecreaseInDeferredPensionCosts
4387000 USD
CY2010 us-gaap Increase Decrease In Deferred Pension Costs
IncreaseDecreaseInDeferredPensionCosts
6135000 USD
CY2010 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-170845000 USD
CY2011 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
-19788000 USD
CY2009 us-gaap Increase Decrease In Income Taxes Receivable
IncreaseDecreaseInIncomeTaxesReceivable
190694000 USD
CY2010 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
27693000 USD
CY2011 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
3868000 USD
CY2009 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-9202000 USD
CY2009 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
17917000 USD
CY2011 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-13739000 USD
CY2010 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-60377000 USD
CY2010 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
8231000 USD
CY2009 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-1399000 USD
CY2011 us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-8323000 USD
CY2009 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2010 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
0 shares
CY2011 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
149900 shares
CY2009 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0 shares
CY2011 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
1895762 shares
CY2010 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0 shares
CY2010 us-gaap Interest Expense
InterestExpense
50463000 USD
CY2011 us-gaap Interest Expense
InterestExpense
50775000 USD
CY2009 us-gaap Interest Expense
InterestExpense
52441000 USD
CY2010 us-gaap Interest Paid Net
InterestPaidNet
39991000 USD
CY2011 us-gaap Interest Paid Net
InterestPaidNet
38223000 USD
CY2009 us-gaap Interest Paid Net
InterestPaidNet
41433000 USD
CY2010Q4 us-gaap Interest Payable Current
InterestPayableCurrent
6206000 USD
CY2011Q4 us-gaap Interest Payable Current
InterestPayableCurrent
7044000 USD
CY2010Q4 us-gaap Interest Receivable
InterestReceivable
0 USD
CY2011Q4 us-gaap Interest Receivable
InterestReceivable
0 USD
CY2010Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
84013000 USD
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
96261000 USD
CY2011Q4 us-gaap Inventory Net
InventoryNet
121998000 USD
CY2010Q4 us-gaap Inventory Net
InventoryNet
110035000 USD
CY2010Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
17517000 USD
CY2011Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
18295000 USD
CY2010Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
2900000 USD
CY2011Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
8300000 USD
CY2011Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
5544000 USD
CY2010Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
6041000 USD
CY2010Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
68483000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
69219000 USD
CY2010Q4 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
0 USD
CY2011Q4 us-gaap Investments In And Advances To Affiliates Amount Of Equity
InvestmentsInAndAdvancesToAffiliatesAmountOfEquity
0 USD
CY2010Q4 us-gaap Land
Land
24776000 USD
CY2011Q4 us-gaap Land
Land
26917000 USD
CY2010Q4 us-gaap Liabilities
Liabilities
1112071000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
1246275000 USD
CY2010Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2363653000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2569348000 USD
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
178251000 USD
CY2010Q4 us-gaap Liabilities Current
LiabilitiesCurrent
244948000 USD
CY2011Q4 us-gaap Long Term Debt
LongTermDebt
847339000 USD
CY2010Q4 us-gaap Long Term Debt
LongTermDebt
768160000 USD
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
28110000 USD
CY2010Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
93057000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
99000000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
323110000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
150000000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
172500000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
112500000 USD
CY2011Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 USD
CY2010Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
675103000 USD
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
819229000 USD
CY2011Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1355897000 USD
CY2010Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
1318055000 USD
CY2011 us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman; font-size:10pt;"><tr><td style="width:48px;" rowspan="1" colspan="1"></td><td rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:top" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;padding-left:0px;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">1.</font></div></td><td style="vertical-align:top;" rowspan="1" colspan="1"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NATURE OF BUSINESS OPERATIONS</font></div></td></tr></table><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rayonier Inc., including its consolidated subsidiaries, ("Rayonier" or "the Company") is a leading international forest products company primarily engaged in timberland management, the sale and entitlement of real estate, and the production and sale of high value specialty cellulose fibers and fluff pulp. The Company owns, leases or manages approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2.7 million</font><font style="font-family:inherit;font-size:10pt;"> acres of timberland and real estate located in the United States and New Zealand. Included in this property is over </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">0.2 million</font><font style="font-family:inherit;font-size:10pt;"> acres of high value real estate located primarily along the coastal region from Savannah, Georgia to Daytona Beach, Florida, which is referred to as the "coastal corridor." The Company owns and operates two specialty cellulose fibers mills in the United States. In addition, the Company manufactures lumber in three sawmills in Georgia and engages in the trading of logs.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rayonier operates in four reportable business segments: Forest Resources, Real Estate, Performance Fibers, and Wood Products. See </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">Note 3</font><font style="font-family:inherit;font-size:10pt;"> &#8212; </font><font style="font-family:inherit;font-size:10pt;color:#000000;font-style:italic;text-decoration:none;">Segment and Geographical Information</font><font style="font-family:inherit;font-size:10pt;"> for further discussion.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company is a real estate investment trust ("REIT"). The Company is generally not required to pay federal income taxes on its U.S. timber harvest earnings and other REIT operations contingent upon meeting applicable distribution, income, asset, shareholder and other tests. The U.S. timber operations are primarily conducted by the Company&#8217;s wholly-owned REIT subsidiaries. Non-REIT qualifying and certain foreign operations, which are subject to corporate-level tax on earnings, are operated by our wholly-owned taxable subsidiary, Rayonier TRS Holdings Inc. ("TRS"). These operations include the Performance Fibers, Wood Products and trading businesses, as well as the Real Estate segment&#8217;s entitlement and sale of higher and better use ("HBU") properties.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Forest Resources</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company&#8217;s Forest Resources segment owns, leases or manages approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2.6 million</font><font style="font-family:inherit;font-size:10pt;"> acres of timberlands located in the U.S. and New Zealand. The Forest Resources segment conducts activities that relate to the harvesting of timber in addition to managing timberlands and selling timber and logs to third parties. In 2011, it acquired approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">308,000</font><font style="font-family:inherit;font-size:10pt;"> acres of U. S. timberlands and its New Zealand joint venture ("JV") acquired </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10,000</font><font style="font-family:inherit;font-size:10pt;"> acres of timberlands.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Real Estate</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rayonier invests in timberlands seeking to maximize its total return from a full cycle of ownership, including selling portions of its asset base to capture the appreciated value. An increasing portion of Rayonier&#8217;s acreage has become more valuable for development, recreational or conservation purposes than for growing timber. As a result, the Company has expanded its focus to include more value-added real estate activities such as seeking entitlements. The Company&#8217;s real estate subsidiary, TerraPointe LLC, owns approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">0.1 million</font><font style="font-family:inherit;font-size:10pt;"> acres.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Performance Fibers</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rayonier is a manufacturer of high-performance cellulose fibers with two production facilities in Jesup, Georgia and Fernandina Beach, Florida, which have a combined annual capacity of approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">745,000</font><font style="font-family:inherit;font-size:10pt;"> metric tons. These fiber products are sold throughout the world to companies that produce a wide variety of products, including cigarette filters, foods, pharmaceuticals, textiles, electronics and various industrial applications. Approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">63 percent</font><font style="font-family:inherit;font-size:10pt;"> of performance fiber sales are to export customers, primarily in Asia and Europe.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Cellulose specialties</font><font style="font-family:inherit;font-size:10pt;">&#8212;Rayonier is a producer of specialty cellulose products, most of which are used in dissolving chemical applications that require a highly purified form of cellulose fiber. The Company concentrates on producing the most high-value, technologically-demanding forms of cellulose specialty products, such as cellulose acetate and high-purity cellulose ethers, and is a leading supplier of these products.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Absorbent materials</font><font style="font-family:inherit;font-size:10pt;">&#8212;Rayonier is a producer of fibers for absorbent hygiene products. These fibers are typically referred to as fluff fibers and are used as an absorbent medium in products such as disposable baby diapers, feminine hygiene products, incontinence pads, convalescent bed pads, industrial towels and wipes and non-woven fabrics.</font></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In 2011, Rayonier began a capital project (the "CSE") to convert a fiber line at the Jesup, Georgia mill from absorbent materials to cellulose specialties. The CSE will add approximately </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">190,000</font><font style="font-family:inherit;font-size:10pt;"> metric tons of cellulose specialties capacity, bringing total cellulose specialties capacity to about </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">675,000</font><font style="font-family:inherit;font-size:10pt;"> metric tons. Upon completion, the Company will be exiting the absorbent materials business (about </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">260,000</font><font style="font-family:inherit;font-size:10pt;"> metric ton capacity).</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Wood Products</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company operates and sells dimension lumber products through three lumber manufacturing facilities in the southeastern U.S.</font></div><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Other</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:20px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Rayonier operates log trading businesses in the northwest U.S. and New Zealand.</font></div><div style="line-height:120%;font-size:14pt;"><font style="font-family:inherit;font-size:14pt;">&#160;</font></div></div>
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1388000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1323073000 USD
CY2010Q4 us-gaap Stockholders Equity
StockholdersEquity
1251582000 USD
CY2008Q4 us-gaap Stockholders Equity
StockholdersEquity
938937000 USD
CY2009Q4 us-gaap Stockholders Equity
StockholdersEquity
1146206000 USD
CY2011 us-gaap Stockholders Equity Note Stock Split
StockholdersEquityNoteStockSplit
On July 22, 2011, the Board of Directors authorized a three-for-two stock split in the form of a stock dividend. The additional shares were distributed on August 24, 2011 to shareholders of record on August 10, 2011.
CY2010 ryn Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
593768 shares
CY2009 ryn Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
549147 shares
CY2010 ryn Intercompany Payments To Acquire Real Estate
IntercompanyPaymentsToAcquireRealEstate
0 USD
CY2011 ryn Intercompany Payments To Acquire Real Estate
IntercompanyPaymentsToAcquireRealEstate
0 USD
CY2010Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
1137931000 USD
CY2011Q4 us-gaap Timber And Timberlands
TimberAndTimberlands
1503711000 USD
CY2011Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
5900000 USD
CY2010Q4 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
6900000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
17973000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
22580000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6580000 USD
CY2008Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
3906000 USD
CY2010 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
1057000 USD
CY2009 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
533000 USD
CY2011 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
16000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
200000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
600000 USD
CY2011 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-300000 USD
CY2009 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
300000 USD
CY2010 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestExpense
-300000 USD
CY2010 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
5780000 USD
CY2011 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
0 USD
CY2009 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
16000000 USD
CY2009Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
18000000 USD
CY2011Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
2600000 USD
CY2010Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
18600000 USD
CY2011 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-top:6px;text-align:justify;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and to disclose contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. There are risks inherent in estimating and therefore actual results could differ from those estimates.</font></div></div>
CY2010 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
832000 USD
CY2009 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
25000 USD
CY2011 us-gaap Valuation Allowances And Reserves Period Increase Decrease
ValuationAllowancesAndReservesPeriodIncreaseDecrease
679000 USD
CY2011 us-gaap Variable Interest Entity Classification Of Carrying Amount Assets And Liabilities Net
VariableInterestEntityClassificationOfCarryingAmountAssetsAndLiabilitiesNet
"Other Assets"
CY2011 us-gaap Variable Interest Entity Financial Or Other Support Type
VariableInterestEntityFinancialOrOtherSupportType
make-whole agreement
CY2011 us-gaap Variable Interest Entity Qualitative Or Quantitative Information Date Involvement Began
VariableInterestEntityQualitativeOrQuantitativeInformationDateInvolvementBegan
2004
CY2011 us-gaap Variable Interest Entity Type Of Entity
VariableInterestEntityTypeOfEntity
bankruptcy-remote, limited liability subsidiary
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
121868362 shares
CY2009 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120030451 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125394291 shares
CY2009 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
118578719 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
121662985 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
120240275 shares
CY2011Q4 ryn Acres Of High Value Real Estate Owned
AcresOfHighValueRealEstateOwned
200000 Acres
CY2011Q4 ryn Acres Of Timberland Owned Managed
AcresOfTimberlandOwnedManaged
2700000 Acres
CY2009 ryn Common Stock Dividends Per Share Non Taxable
CommonStockDividendsPerShareNonTaxable
0.30 USD
CY2009 ryn Common Stock Dividends Per Share Taxable As Capital Gains
CommonStockDividendsPerShareTaxableAsCapitalGains
1.03 USD
CY2010 ryn Common Stock Dividends Per Share Taxable As Capital Gains
CommonStockDividendsPerShareTaxableAsCapitalGains
1.36 USD
CY2011 ryn Common Stock Dividends Per Share Taxable As Capital Gains
CommonStockDividendsPerShareTaxableAsCapitalGains
1.52 USD
CY2011 ryn Debt Covenant Requirement Threshold For Individual Sales Of Timberlands For Application Of Covenant Requirements
DebtCovenantRequirementThresholdForIndividualSalesOfTimberlandsForApplicationOfCovenantRequirements
10000000 USD
CY2009 ryn Defined Contribution Plan Contributions For401 K Plan Enhancement
DefinedContributionPlanContributionsFor401KPlanEnhancement
400000 USD
CY2011 ryn Defined Contribution Plan Contributions For401 K Plan Enhancement
DefinedContributionPlanContributionsFor401KPlanEnhancement
900000 USD
CY2010 ryn Defined Contribution Plan Contributions For401 K Plan Enhancement
DefinedContributionPlanContributionsFor401KPlanEnhancement
600000 USD
CY2010 ryn Effective Income Tax Rate Continuing Operations Before Discrete Items
EffectiveIncomeTaxRateContinuingOperationsBeforeDiscreteItems
0.182
CY2009 ryn Effective Income Tax Rate Continuing Operations Before Discrete Items
EffectiveIncomeTaxRateContinuingOperationsBeforeDiscreteItems
0.220
CY2011 ryn Effective Income Tax Rate Continuing Operations Before Discrete Items
EffectiveIncomeTaxRateContinuingOperationsBeforeDiscreteItems
0.246
CY2011 ryn Effective Income Tax Rate Reconciliation Installment Note Prepayment
EffectiveIncomeTaxRateReconciliationInstallmentNotePrepayment
-0.037
CY2010 ryn Effective Income Tax Rate Reconciliation Installment Note Prepayment
EffectiveIncomeTaxRateReconciliationInstallmentNotePrepayment
0.000
CY2009 ryn Effective Income Tax Rate Reconciliation Installment Note Prepayment
EffectiveIncomeTaxRateReconciliationInstallmentNotePrepayment
0.000
CY2009 ryn Effective Income Tax Rate Reconciliation Reit Income Not Subject To Tax
EffectiveIncomeTaxRateReconciliationReitIncomeNotSubjectToTax
-0.130
CY2011 ryn Effective Income Tax Rate Reconciliation Reit Income Not Subject To Tax
EffectiveIncomeTaxRateReconciliationReitIncomeNotSubjectToTax
-0.104
CY2010 ryn Effective Income Tax Rate Reconciliation Reit Income Not Subject To Tax
EffectiveIncomeTaxRateReconciliationReitIncomeNotSubjectToTax
-0.168
CY2010 ryn Effective Income Tax Rate Reconciliation Tax Credits Afmc
EffectiveIncomeTaxRateReconciliationTaxCreditsAfmc
0.000
CY2011 ryn Effective Income Tax Rate Reconciliation Tax Credits Afmc
EffectiveIncomeTaxRateReconciliationTaxCreditsAfmc
0.000
CY2009 ryn Effective Income Tax Rate Reconciliation Tax Credits Afmc
EffectiveIncomeTaxRateReconciliationTaxCreditsAfmc
-0.133
CY2009 ryn Effective Income Tax Rate Reconciliation Tax Credits Cbpc
EffectiveIncomeTaxRateReconciliationTaxCreditsCbpc
0.000
CY2010 ryn Effective Income Tax Rate Reconciliation Tax Credits Cbpc
EffectiveIncomeTaxRateReconciliationTaxCreditsCbpc
-0.105
CY2011 ryn Effective Income Tax Rate Reconciliation Tax Credits Cbpc
EffectiveIncomeTaxRateReconciliationTaxCreditsCbpc
0.000
CY2011 ryn Effective Income Tax Rate Reconciliation Tax Credits Cbpc For Afmc Exchange
EffectiveIncomeTaxRateReconciliationTaxCreditsCbpcForAfmcExchange
-0.019
CY2009 ryn Effective Income Tax Rate Reconciliation Tax Credits Cbpc For Afmc Exchange
EffectiveIncomeTaxRateReconciliationTaxCreditsCbpcForAfmcExchange
0.000
CY2010 ryn Effective Income Tax Rate Reconciliation Tax Credits Cbpc For Afmc Exchange
EffectiveIncomeTaxRateReconciliationTaxCreditsCbpcForAfmcExchange
0.000
CY2011 ryn Environmental Contingency Loss Exposure In Excess Of Accrual High Estimate
EnvironmentalContingencyLossExposureInExcessOfAccrualHighEstimate
29000000 USD
CY2011 ryn Equity Income From Subsidiaries
EquityIncomeFromSubsidiaries
0 USD
CY2009 ryn Equity Income From Subsidiaries
EquityIncomeFromSubsidiaries
0 USD
CY2010 ryn Equity Income From Subsidiaries
EquityIncomeFromSubsidiaries
0 USD
CY2010 ryn Equity Method Investment Per Share Gain Loss On Change In Ownership
EquityMethodInvestmentPerShareGainLossOnChangeInOwnership
0.09
CY2010 ryn Equity Method Investment Realized Gain Loss On Increase Decrease In Owenrship Tax
EquityMethodInvestmentRealizedGainLossOnIncreaseDecreaseInOwenrshipTax
900000 USD
CY2009 ryn Exchangeable Notes Hedge Purchased And Warrants Sold
ExchangeableNotesHedgePurchasedAndWarrantsSold
-2391000 USD
CY2010 ryn Gain Loss On Sale Of Previously Unissued Stock By Equity Investee Net Of Tax
GainLossOnSaleOfPreviouslyUnissuedStockByEquityInvesteeNetOfTax
11500000 USD
CY2010 ryn Incremental Common Shares Attributable To Performance And Restricted Shares
IncrementalCommonSharesAttributableToPerformanceAndRestrictedShares
1034319 shares
CY2009 ryn Incremental Common Shares Attributable To Performance And Restricted Shares
IncrementalCommonSharesAttributableToPerformanceAndRestrictedShares
902585 shares
CY2011 ryn Incremental Common Shares Attributable To Performance And Restricted Shares
IncrementalCommonSharesAttributableToPerformanceAndRestrictedShares
982951 shares
CY2011 ryn Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
702693 shares
CY2010 ryn Intercompany Payments To Acquire Timberlands
IntercompanyPaymentsToAcquireTimberlands
0 USD
CY2009 ryn Jesup Mill Cellulose Specialties Expansion
JesupMillCelluloseSpecialtiesExpansion
0 USD
CY2010 ryn Jesup Mill Cellulose Specialties Expansion
JesupMillCelluloseSpecialtiesExpansion
0 USD
CY2011 ryn Jesup Mill Cellulose Specialties Expansion
JesupMillCelluloseSpecialtiesExpansion
42894000 USD
CY2011 ryn Non Cash Adjustments To Unrecognized Tax Benefit Liability
NonCashAdjustmentsToUnrecognizedTaxBenefitLiability
-16000000 USD
CY2009 ryn Non Cash Adjustments To Unrecognized Tax Benefit Liability
NonCashAdjustmentsToUnrecognizedTaxBenefitLiability
15467000 USD
CY2010 ryn Non Cash Adjustments To Unrecognized Tax Benefit Liability
NonCashAdjustmentsToUnrecognizedTaxBenefitLiability
4723000 USD
CY2010 ryn Operating Income Before Gain On Sale Ofa Portion Of Interest In Joint Venture
OperatingIncomeBeforeGainOnSaleOfaPortionOfInterestInJointVenture
269584000 USD
CY2009 ryn Operating Income Before Gain On Sale Ofa Portion Of Interest In Joint Venture
OperatingIncomeBeforeGainOnSaleOfaPortionOfInterestInJointVenture
409508000 USD
CY2011 ryn Operating Income Before Gain On Sale Ofa Portion Of Interest In Joint Venture
OperatingIncomeBeforeGainOnSaleOfaPortionOfInterestInJointVenture
356286000 USD
CY2010 ryn Other Non Timber Income
OtherNonTimberIncome
2822000 USD
CY2009 ryn Other Non Timber Income
OtherNonTimberIncome
3321000 USD
CY2011 ryn Other Non Timber Income
OtherNonTimberIncome
2145000 USD
CY2009 ryn Payments For Exchangeable Note Hedge
PaymentsForExchangeableNoteHedge
23460000 USD
CY2010 ryn Payments For Exchangeable Note Hedge
PaymentsForExchangeableNoteHedge
0 USD
CY2011 ryn Payments For Exchangeable Note Hedge
PaymentsForExchangeableNoteHedge
0 USD
CY2010 ryn Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.00
CY2009 ryn Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.00
CY2011 ryn Sales Revenue Net Percentage
SalesRevenueNetPercentage
1.00
CY2010 ryn Segment Reporting Information Total Additions To Long Lived Assets
SegmentReportingInformationTotalAdditionsToLongLivedAssets
144000000 USD
CY2009 ryn Segment Reporting Information Total Additions To Long Lived Assets
SegmentReportingInformationTotalAdditionsToLongLivedAssets
92000000 USD
CY2011 ryn Segment Reporting Information Total Additions To Long Lived Assets
SegmentReportingInformationTotalAdditionsToLongLivedAssets
613000000 USD
CY2009 ryn Unrecognized Tax Benefits Reductions Resulting From Payments
UnrecognizedTaxBenefitsReductionsResultingFromPayments
1400000 USD
CY2010 ryn Unrecognized Tax Benefits Reductions Resulting From Payments
UnrecognizedTaxBenefitsReductionsResultingFromPayments
116000 USD
CY2011 ryn Unrecognized Tax Benefits Reductions Resulting From Payments
UnrecognizedTaxBenefitsReductionsResultingFromPayments
0 USD
CY2011Q4 ryn Unrecognized Tax Benefits That Would Impact Prepaid Tax Assets
UnrecognizedTaxBenefitsThatWouldImpactPrepaidTaxAssets
4000000 USD
CY2004Q4 ryn Variable Interest Entity Amount Of Cash Received
VariableInterestEntityAmountOfCashReceived
22600000 USD
CY2004Q4 ryn Variable Interest Entity Amount Of Installment Note And Letter Of Credit Contributed To Special Purpose Entity
VariableInterestEntityAmountOfInstallmentNoteAndLetterOfCreditContributedToSpecialPurposeEntity
25000000 USD
CY2011 ryn Variable Interest Entity Cash To Be Received Upon Maturity Of Note Issued By Special Purpose Entity
VariableInterestEntityCashToBeReceivedUponMaturityOfNoteIssuedBySpecialPurposeEntity
2600000 USD
CY2011 ryn Variable Interest Entity Liability For Performance Obligation
VariableInterestEntityLiabilityForPerformanceObligation
de minimus guarantee liability
CY2011 ryn Variable Interest Entity Received Interest Net
VariableInterestEntityReceivedInterestNet
immaterial cash payments
CY2011 dei Amendment Flag
AmendmentFlag
false
CY2011 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2011 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2011 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2011
CY2011 dei Document Period End Date
DocumentPeriodEndDate
2011-12-31
CY2011 dei Document Type
DocumentType
10-K
CY2011 dei Entity Central Index Key
EntityCentralIndexKey
0000052827
CY2012Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
122436252 shares
CY2011 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2011 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2011Q2 dei Entity Public Float
EntityPublicFloat
3502731055 USD
CY2011 dei Entity Registrant Name
EntityRegistrantName
RAYONIER INC.
CY2011 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2011 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
CY2011 dei Trading Symbol
TradingSymbol
RYN

Files In Submission

Name View Source Status
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