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Segment Reporting
 6 Months Ended
Jun. 30, 2015
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting

PICO is a diversified holding company engaged in the following operating and reportable segments: Water Resource and Water Storage Operations, Real Estate Operations, Corporate, and Discontinued Agribusiness Operations. The accounting policies of the reportable segments are the same as those described in the Company’s 2014 Annual Report on Form 10-K filed with the SEC.

Management analyzes segments using the following information:

Segment assets (in thousands):
 
June 30, 2015
 
December 31, 2014
Assets:
 
 
 
Water resource and water storage operations
$
186,841

 
$
186,294

Real estate operations
408,323

 
384,855

Corporate
39,629

 
80,741

Discontinued agribusiness operations
125,052

 
152,554

Total assets
$
759,845

 
$
804,444



Segment revenues and income (loss) before taxes (in thousands):
 
Three Months Ended June 30,
 
Six Month Ended June 30,
 
2015
 
2014
 
2015
 
2014
Revenue and other income:
 
 
 
 
 
 
 
Water resource and water storage operations
$
513

 
$
241

 
$
723

 
$
377

Real estate operations
54,786

 
63,651

 
98,466

 
89,417

Corporate
(20,191
)
 
3,671

 
(18,758
)
 
4,178

Total revenue and other income
$
35,108

 
$
67,563

 
$
80,431

 
$
93,972

 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
Water resource and water storage operations
$
(1,249
)
 
$
(1,850
)
 
$
(2,741
)
 
$
(3,834
)
Real estate operations
(1,721
)
 
821

 
(5,500
)
 
(5,456
)
Corporate
(23,861
)
 
(923
)
 
(27,672
)
 
(4,160
)
Loss from continuing operations before income taxes and equity in loss of unconsolidated affiliates
$
(26,831
)
 
$
(1,952
)
 
$
(35,913
)
 
$
(13,450
)