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Segment Reporting
 9 Months Ended
Sep. 30, 2017
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 and Corporate. The accounting policies of the reportable segments are the same as those described in the Company’s 2016 Annual Report on Form 10-K filed with the SEC, however, the Company’s real estate segment has been sold and deconsolidated as of August 4, 2017. Prior reported balances of the Company’s real estate segment have been reclassified as discontinued operations in the accompanying condensed consolidated financial statements for all periods presented.

Management analyzes segments using the following information:

Segment assets (in thousands):
 
September 30, 2017
 
December 31, 2016
Assets:
 
 
 
Water resource and water storage operations
$
173,968

 
$
186,055

Corporate
157,968

 
49,050

Assets held-for-sale


 
440,689

Total assets
$
331,936

 
$
675,794



Segment revenues and loss before taxes (in thousands):
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2017
 
2016
 
2017
 
2016
Revenue and other income:
 
 
 
 
 
 
 
Water resource and water storage operations
$
347

 
$
577

 
$
25,766

 
$
890

Corporate
(142
)
 
588

 
9,266

 
1,910

Total revenue and other income
$
205

 
$
1,165

 
$
35,032

 
$
2,800

 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
Water resource and water storage operations
$
(965
)
 
$
(1,004
)
 
$
8,664

 
$
(4,186
)
Corporate
(1,852
)
 
(4,095
)
 
3,740

 
(10,287
)
Income (loss) from continuing operations before income taxes
$
(2,817
)
 
$
(5,099
)
 
$
12,404

 
$
(14,473
)