Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 44,340	$ 62,677
Investments ($24,126 and $28,370 measured at fair value at June 30, 2015 and December 31, 2014, respectively)	29,251	55,671
Real estate and tangible water assets, net	413,310	386,350
Property, plant and equipment, net of $5,328 and $4,742 of accumulated depreciation at June 30, 2015, and December 31, 2014, respectively	4,130	4,224
Intangible assets	127,927	126,612
Other assets	15,835	16,356
Assets held-for-sale	125,052	152,554
Total assets	759,845	804,444
Liabilities and shareholders’ equity
Debt	159,457	135,451
Accounts payable and accrued expenses	27,362	24,591
Deferred compensation	25,371	24,584
Other liabilities	12,239	13,685
Liabilities held-for-sale	92,043	94,588
Total liabilities	$ 316,472	$ 292,899
Commitments and contingencies
Common stock, $0.001 par value; authorized 100,000 shares, 23,096 issued and 23,018 outstanding at June 30, 2015, and 23,083 issued and 23,005 outstanding at December 31, 2014	$ 23	$ 23
Additional paid-in capital	493,344	491,662
Accumulated deficit	(136,103)	(69,508)
Accumulated other comprehensive income	4,963	4,717
Treasury stock, at cost (common shares: 78 at June 30, 2015 and December 31, 2014)	(1,413)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	360,814	425,481
Noncontrolling interest in subsidiaries	82,559	86,064
Total equity	443,373	511,545
Total liabilities and equity	$ 759,845	$ 804,444