XML 16 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME OR LOSS - UNAUDITED (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Revenues:        
Sale of real estate and water assets $ 51,385 $ 1,441 $ 63,191 $ 4,985
Sale of canola oil and meal 44,913 9,640 84,469 9,640
Sale of software 5,597   9,247  
Other income 3,312 1,469 5,107 3,610
Total revenues and other income 105,207 12,550 162,014 18,235
COST OF SALES:        
Cost of real estate and water assets sold 38,219 1,060 46,272 3,370
Cost of canola oil and meal sold 45,136 7,762 85,741 7,762
Cost of software sold 632   1,933  
Total cost of sales 83,987 8,822 133,946 11,132
EXPENSES:        
Operating and other costs 24,880 12,615 45,056 21,503
Impairment loss on real estate and water assets 1,410    1,410   
Interest 1,719 1,290 3,418 2,305
Depreciation and amortization 2,824 427 5,357 832
Total costs and expenses 114,820 23,154 189,187 35,772
Loss from continuing operations before income taxes (9,613) (10,604) (27,173) (17,537)
Provision (benefit) for federal, foreign, and state income taxes (114) 125 (898) (1,073)
Loss from continuing operations (9,499) (10,729) (26,275) (16,464)
Loss from discontinued operations, net of income taxes    (5,224)    (4,606)
Net loss (9,499) (15,953) (26,275) (21,070)
Loss attributable to noncontrolling interests 1,790 520 3,590 741
Net loss attributable to PICO Holdings, Inc. (7,709) (15,433) (22,685) (20,329)
Other comprehensive income (loss), net of tax:        
Unrealized appreciation (depreciation) on available-for-sale securities 791 (645) 1,543 894
Foreign currency translation (279) 94 (43) 106
Total other comprehensive income (loss), net of tax 512 (551) 1,500 1,000
Comprehensive loss (8,987) (16,504) (24,775) (20,070)
Comprehensive loss attributable to noncontrolling interests 1,790 520 3,590 741
Comprehensive loss attributable to PICO Holdings, Inc. $ (7,197) $ (15,984) $ (21,185) $ (19,329)
Net loss per common share – basic and diluted:        
Loss from continuing operations (in USD per share) $ (0.34) $ (0.45) $ (1.00) $ (0.69)
Income from discontinued operations (in USD per share)    $ (0.23)    $ (0.20)
Net loss per common share (in USD per share) $ (0.34) $ (0.68) $ (1.00) $ (0.89)
Weighted average shares outstanding (in shares) 22,737 22,769 22,735 22,747