DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Results of discontinued operations and assets and liabilities classified as held-for-sale

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

	2017			2016			2015
Revenue and other income:
Sale of real estate	$	247,213		$	354,368		$	278,826
Sale of canola oil and meal							82,267
Other	506			866			173
Total revenue and other income	247,719			355,234			361,266
Cost of goods sold:
Cost of real estate sold	200,789			290,412			226,476
Cost of canola oil and meal sold							90,061
Total cost of goods sold	200,789			290,412			316,537
Impairment loss on intangible and long-lived assets	102			6,811			3,072
Interest							3,259
Selling expenses	13,784			19,774			21,596
General, administrative and other	29,631			29,554			41,111
Total expenses	244,306			346,551			385,575
Income (loss) from discontinued operations	3,413			8,683			(24,309		)
Benefit (provision) for federal and state income taxes	(360		)	5,216
Loss on sale of discontinued operations, net of tax	(8,698		)	(1,775		)	(18,729		)
Net loss from discontinued operations, net of tax	(5,645		)	12,124			(43,038		)
Net loss from discontinued operations attributable to noncontrolling interests	(1,150		)	(8,836		)	(979		)
Net loss from discontinued operations attributable to PICO Holdings, Inc.	$	(6,795	)	$	3,288		$	(44,017	)

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

	December 31, 2016
Assets:
Cash and cash equivalents	$	40,931
Real estate	373,207
Accounts receivable	5,628
Other assets	14,418
Real estate assets held-for-sale	$	434,184
Agribusiness assets held-for-sale	6,505
Total assets held-for-sale	$	440,689
Liabilities:
Debt	$	160,994
Accounts payable and accrued expenses	34,025
Other	12,271
Real estate liabilities held-for-sale	$	207,290
Agribusiness liabilities held-for-sale	276
Total liabilities held-for-sale	$	207,566