XML 35 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 4,176 $ 9,031
Marketable securities - available-for-sale 52,919 55,436
Accounts receivable 5,567 7,108
Inventories 6,314 3,510
Prepaid expenses and other current assets 8,011 7,707
Deferred tax assets 638 452
Total current assets 77,625 83,244
Property and equipment - net of depreciation (includes $75,404 at March 31, 2014 and $74,726 at December 31, 2013, attributable to Centennial Founders LLC, Note 12) 149,918 146,542
Investments in unconsolidated joint ventures 69,467 62,604
Long-term water assets 46,041 46,754
Long-term deferred tax assets 1,592 1,592
Other assets 1,728 2,143
TOTAL ASSETS 346,371 342,879
Current Liabilities:    
Trade accounts payable 5,544 5,028
Accrued liabilities and other 3,138 2,647
Deferred income 1,816 865
Current portion of long-term debt 236 234
Total current liabilities 10,734 8,774
Long-term debt, less current portion 4,399 4,459
Long-term deferred gains 2,248 2,248
Other liabilities 6,322 6,518
Pension liability 1,085 693
Total liabilities 24,788 22,692
Commitments and contingencies      
Tejon Ranch Co. Stockholders’ Equity    
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 20,563,023 at December 31, 2013 and 20,085,865 at December 31, 2012 10,291 10,282
Additional paid-in capital 210,973 210,848
Accumulated other comprehensive loss (3,202) (3,333)
Retained earnings 63,898 62,785
Total Tejon Ranch Co. Stockholders’ Equity 281,960 280,582
Non-controlling interest 39,623 39,605
Total equity 321,583 320,187
TOTAL LIABILITIES AND EQUITY $ 346,371 $ 342,879