Segment Reporting

9 Months Ended

Sep. 30, 2016

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 2015 Annual Report on Form 10-K filed with the SEC.

Management analyzes segments using the following information:

Segment assets (in thousands):

	September 30, 2016		December 31, 2015
Assets:
Water resource and water storage operations	$	185,380	$	185,037
Real estate operations	426,751		421,411
Corporate	41,879		46,844
Discontinued agribusiness operations	6,511		8,793
Total assets	$	660,521	$	662,085

Segment revenues and loss before taxes (in thousands):

	Three Months Ended September 30,						Nine Months Ended September 30,
	2016			2015			2016			2015
Revenue and other income:
Water resource and water storage operations	$	553		$	3,468		$	813		$	4,191
Real estate operations	95,567			73,777			246,731			172,243
Corporate	588			846			1,910			(17,911		)
Total revenue and other income	$	96,708		$	78,091		$	249,454		$	158,523
Income (loss) before income taxes:
Water resource and water storage operations	$	(1,029	)	$	834		$	(4,263	)	$	(1,907	)
Real estate operations	2,876			3,839			4,713			(1,661		)
Corporate	(4,094		)	(3,574		)	(10,286		)	(31,248		)
Income (loss) from continuing operations before income taxes and equity in loss of unconsolidated affiliates	$	(2,247	)	$	1,099		$	(9,836	)	$	(34,816	)