Long Term Water Assets (Tables)

12 Months Ended

Dec. 31, 2016

Property, Plant and Equipment [Abstract]

Components of water assets

Water assets consist of the following:

(in acre feet, unaudited)	December 31, 2016	December 31, 2015
Banked water and water for future delivery
AVEK water bank	13,033	13,033
Company water bank	17,287	8,700
AVEK water for future delivery	2,362	2,362
Total Company and AVEK banked water	32,682	24,095
Transferable water *	9,062	14,786
Water Contracts	10,137	10,137
Total purchased water - third parties	51,881	49,018
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,749	5,749
TCWD - Banked water contracted to Company	33,390	34,496
Total purchased and contracted water sources in acre feet	106,567	104,810

*9,061 acre-feet of transferable water with AVEK will be returned to the Company at a 1.5 to 1 factor giving the Company use of a total of 13,594 feet.

($ in thousands)	December 31, 2016			December 31, 2015
Banked water and water for future delivery	$	4,779		$	4,779
Transferable water	9,075			9,117
Water Contracts	29,910			31,261
Total long-term assets	43,764			45,157
less: Current portion	(1,351		)	(1,351		)
	$	42,413		$	43,806