CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 18,169	$ 12,550
Tangible water assets and real estate, net	39,398	44,298
Intangible assets	122,343	121,917
Rights of use assets, net	166
Other assets	1,013	1,446
Total assets	181,089	180,211
Liabilities and shareholders’ equity
Operating lease liabilities	166
Other liabilities	2,359	3,448
Accounts payable and accrued expenses	309	139
Total liabilities	2,834	3,587
Commitments and contingencies
Preferred stock, $0.001 par value; authorized 10,000 shares, none issued
Common stock, $0.001 par value; authorized 100,000 shares, 20,068 issued and 19,784 outstanding at December 31, 2019, and 20,848 issued and 20,726 outstanding at December 31, 2018	20	21
Additional paid-in capital	345,234	353,250
Accumulated deficit	(164,010)	(175,536)
Treasury stock, at cost (common shares: 284 and 121 at December 31, 2019 and December 31, 2018, respectively)	(2,989)	(1,111)
Total PICO Holdings, Inc. shareholders’ equity	178,255	176,624
Total liabilities and equity	$ 181,089	$ 180,211