XML 49 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2014
Dec. 31, 2013
Current Assets:    
Cash and cash equivalents $ 1,898 $ 9,031
Marketable securities - available-for-sale 52,844 55,436
Accounts receivable 4,958 7,108
Inventories 8,570 3,510
Prepaid expenses and other current assets 7,675 7,707
Deferred tax assets 637 452
Total current assets 76,582 83,244
Property and equipment - net of depreciation (includes $76,113 at June 30, 2014 and $74,726 at December 31, 2013, attributable to Centennial Founders LLC, Note 12) 154,373 146,542
Investments in unconsolidated joint ventures 73,722 62,604
Long-term water assets 46,025 46,754
Long-term deferred tax assets 1,591 1,592
Other assets 1,721 2,143
TOTAL ASSETS 354,014 342,879
Current Liabilities:    
Trade accounts payable 2,699 5,028
Accrued liabilities and other 2,545 2,647
Deferred income 792 865
Short-term debt and current maturities of long-term debt 10,439 234
Total current liabilities 16,475 8,774
Long-term debt, less current portion 4,338 4,459
Long-term deferred gains 2,248 2,248
Other liabilities 6,511 6,518
Pension liability 1,053 693
Total liabilities 30,625 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 - 20,586,758 at June 30, 2014 and 20,563,023 at December 31, 2013 10,293 10,282
Additional paid-in capital 211,930 210,848
Accumulated other comprehensive loss (3,203) (3,333)
Retained earnings 64,772 62,785
Total Tejon Ranch Co. Stockholders’ Equity 283,792 280,582
Non-controlling interest 39,597 39,605
Total equity 323,389 320,187
TOTAL LIABILITIES AND EQUITY $ 354,014 $ 342,879