DISCONTINUED AGRIBUSINESS OPERATIONS (Tables)

12 Months Ended

Dec. 31, 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 consolidated statement of operations and comprehensive income or loss (in thousands):

	2016			2015			2014
Revenue and other income:
Sales of canola oil and meal				$	82,267		$	163,855
Other revenue (loss):
Loss on trading derivatives				(159		)	(1,966		)
Other	$	590		126			519
Total revenue and other income	590			82,234			162,408
Cost of goods sold:
Cost of canola oil and meal sold				79,763			137,565
Depreciation				4,360			8,079
Other direct costs of production				5,938			11,024
Total cost of goods sold	—			90,061			156,668
Impairment loss on intangible and long-lived assets				1,875
Interest				3,259			5,536
Plant costs and overhead	111			17,578			14,278
Segment total expenses	111			112,773			176,482
Gain (loss) from discontinued agribusiness operations, net of tax	479			(30,539		)	(14,074		)
Loss on sale of discontinued agribusiness operations, net of tax (1)	(1,856		)	(18,729		)
Net loss from discontinued agribusiness operations, net of tax	(1,377		)	(49,268		)	(14,074		)
Net loss from discontinued agribusiness operations attributable to noncontrolling interests				1,720			1,718
Net loss from discontinued agribusiness operations attributable to PICO Holdings, Inc.	$	(1,377	)	$	(47,548	)	$	(12,356	)

⁽¹⁾ Included within the loss on sale of discontinued agribusiness operations, net of tax for the year ended December 31, 2015 is a $16.9 million impairment loss on classification of assets as held-for-sale, which was recorded during the second quarter of 2015.

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

	December 31, 2016		December 31, 2015
Assets
Cash and cash equivalents	$	438	$	938
Accounts receivable	5,993		7,800
Other assets	74		55
Total assets held-for-sale	$	6,505	$	8,793
Liabilities
Total liabilities held-for-sale	$	276	$	608