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Segment Reporting
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting

PICO is a diversified holding company engaged in five operating and reportable segments: Water Resource and Water Storage Operations, Real Estate Operations, Agribusiness Operations, Enterprise Software, and Corporate.

The accounting policies of the reportable segments are the same as those described in the Company’s 2012 Annual Report on Form 10-K filed with the SEC, and in footnote 1. 

Management analyzes segments using the following information:

Segment assets (in thousands):
 
March 31,
2013
 
December 31,
2012
Total Assets:
 
 
 
Water Resource and Water Storage Operations
$
209,865

 
$
210,189

Real Estate Operations
165,705

 
145,978

Agribusiness Operations
167,787

 
165,961

Enterprise Software
22,793

 
 
Corporate
109,742

 
145,046

 
$
675,892

 
$
667,174



Segment revenues and income or loss before taxes (in thousands): 
 
Three Months Ended
 
March 31,
 
2013
 
2012
Revenues:
 
 
 
Water Resource and Water Storage Operations
$
184

 
$
1,455

Real Estate Operations
11,939

 
3,824

Agribusiness Operations
39,565

 
27

Enterprise Software
3,650

 


Corporate
1,470

 
379

Total revenues
$
56,808

 
$
5,685

 
 
 
 
Loss before income taxes:
 
 
 
Water Resource and Water Storage Operations
$
(2,141
)
 
$
(1,161
)
Real Estate Operations
(711
)
 
(1,345
)
Agribusiness Operations
(9,715
)
 
(526
)
Enterprise Software
(1,150
)
 


Corporate
(3,842
)
 
(3,901
)
Loss before income taxes
$
(17,559
)
 
$
(6,933
)