Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Jun. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 45,087	$ 56,462
Investments ($23,812 and $22,590 measured at fair value at June 30, 2016 and December 31, 2015, respectively)	27,294	26,072
Real estate and tangible water assets, net	437,382	424,235
Intangible assets, net	127,204	126,533
Other assets	18,848	19,990
Assets held-for-sale	6,525	8,793
Total assets	662,340	662,085
Liabilities and equity
Debt	162,685	155,966
Accounts payable and accrued expenses	32,438	34,458
Deferred compensation	26,543	25,493
Other liabilities	14,327	11,556
Liabilities held-for-sale	276	608
Total liabilities	236,269	228,081
Commitments and contingencies
Common stock, $0.001 par value; authorized 100,000 shares, 23,125 issued and 23,047 outstanding at June 30, 2016, and 23,116 issued and 23,038 outstanding at December 31, 2015	23	23
Additional paid-in capital	493,438	494,207
Accumulated deficit	(161,565)	(151,366)
Accumulated other comprehensive income	5,517	4,961
Treasury stock, at cost (common shares: 78 at June 30, 2016 and December 31, 2015)	(1,413)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	336,000	346,412
Noncontrolling interest in subsidiaries	90,071	87,592
Total equity	426,071	434,004
Total liabilities and equity	$ 662,340	$ 662,085