Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Current Assets:
Cash and cash equivalents	$ 1,258	$ 1,930
Marketable securities - available-for-sale	26,675	32,815
Accounts receivable	8,740	6,511
Inventories	3,084	3,517
Prepaid expenses and other current assets	4,458	4,120
Total current assets	44,215	48,893
Real estate and improvements - held for lease, net	20,026	21,942
Real estate development (includes $89,381 at December 31, 2016 and $84,194 at December 31, 2015, attributable to Centennial Founders, LLC, Note 17)	248,265	235,466
Property and equipment, net	46,034	44,469
Investments in unconsolidated joint ventures	33,803	30,680
Long-term water assets	42,413	43,806
Deferred tax assets	2,282	4,659
Other assets	2,663	2,004
TOTAL ASSETS	439,701	431,919
Current Liabilities:
Trade accounts payable	2,415	3,252
Accrued liabilities and other	3,188	3,492
Income taxes payable	0	1,237
Deferred income	1,529	1,525
Revolving line of credit	7,700	0
Current maturities of long-term debt	3,853	815
Total current liabilities	18,685	10,321
Long-term debt, less current portion	69,853	73,223
Long-term deferred gains	3,662	3,816
Other liabilities	13,034	13,251
Total liabilities	105,234	100,611
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 20,810,301 at December 31, 2016 and 20,688,154 at December 31, 2015	10,405	10,344
Additional paid-in capital	229,762	216,803
Accumulated other comprehensive loss	(6,239)	(6,902)
Retained earnings	71,947	71,389
Total Tejon Ranch Co. Stockholders’ Equity	305,875	291,634
Non-controlling interest	28,592	39,674
Total equity	334,467	331,308
TOTAL LIABILITIES AND EQUITY	$ 439,701	$ 431,919