Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 3,512	$ 5,638
Marketable securities - available-for-sale	33,706	42,140
Accounts receivable	7,131	8,506
Inventories	6,288	4,098
Prepaid expenses and other current assets	5,818	4,456
Deferred tax assets	1,755	1,089
Total current assets	58,210	65,927
Real estate and improvements - held for lease, net	21,784	20,226
Real estate development (includes $79,963 at September 30, 2015 and $77,131 at December 31, 2014, attributable to Centennial Founders, LLC, Note 14)	227,125	219,654
Property and equipment, net	46,607	43,094
Investments in unconsolidated joint ventures	36,418	32,604
Long-term water assets	44,144	45,349
Long-term deferred tax assets	2,419	3,487
Other assets	2,119	1,774
TOTAL ASSETS	438,826	432,115
Current Liabilities:
Trade accounts payable	2,774	3,347
Accrued liabilities and other	4,973	2,774
Income taxes payable	0	1,703
Deferred income	1,639	1,164
Revolving line of credit	8,940	6,850
Current maturities of long-term debt	252	244
Total current liabilities	18,578	16,082
Long-term debt, less current portion	74,025	74,215
Long-term deferred gains	3,816	3,683
Other liabilities	14,372	13,802
Total liabilities	$ 110,791	$ 107,782
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 20,661,590 at June 30, 2015 and 20,636,478 at December 31, 2014	$ 10,335	$ 10,318
Additional paid-in capital	216,317	212,763
Accumulated other comprehensive loss	(7,935)	(6,899)
Retained earnings	69,674	68,439
Total Tejon Ranch Co. Stockholders’ Equity	288,391	284,621
Non-controlling interest	39,644	39,712
Total equity	328,035	324,333
TOTAL LIABILITIES AND EQUITY	$ 438,826	$ 432,115