Discontinued Agribusiness Operations (Tables)

6 Months Ended

Jun. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following table presents the details of the Company’s results from discontinued agribusiness operations included in the condensed consolidated statement of operations and comprehensive income or loss (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
Revenue and other income:
Sales of canola oil and meal				$	33,234					$	72,667
Other				39						(68		)
Total revenue and other income				33,273						72,599
Cost of goods sold:
Cost of canola oil and meal sold				32,601						71,025
Depreciation				2,392						4,342
Other direct costs of production				2,264						4,784
Total cost of goods sold				37,257						80,151
Depreciation				49						95
Impairment loss on intangible and long-lived assets										1,875
Interest				1,392						2,830
Plant costs and overhead	$	44		3,388			$	84		6,943
Segment total expenses	44			42,086			84			91,894
Loss from discontinued agribusiness operations, net of tax	(44		)	(8,813		)	(84		)	(19,295		)
Loss on sale of discontinued agribusiness operations, net of tax	(10		)	(16,903		)	(1,859		)	(16,903		)
Net loss from discontinued agribusiness operations, net of tax	(54		)	(25,716		)	(1,943		)	(36,198		)
Net loss from discontinued agribusiness operations attributable to noncontrolling interests				684						1,746
Net loss from discontinued agribusiness operations attributable to PICO Holdings, Inc.	$	(54	)	$	(25,032	)	$	(1,943	)	$	(34,452	)

The following table presents the details of the Company’s discontinued agribusiness assets and liabilities classified as held-for-sale in the condensed consolidated balance sheets (in thousands):

	June 30, 2016		December 31, 2015
Assets
Cash and cash equivalents	$	451	$	938
Accounts receivable	5,990		7,800
Other assets	84		55
Total assets held-for-sale	$	6,525	$	8,793
Liabilities
Accounts payable and accrued expenses	276		608
Total liabilities held-for-sale	$	276	$	608