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Business Segments (Tables)
 12 Months Ended
Dec. 31, 2016
Segment Reporting Information [Line Items]  
Reconciliation of revenues, segment profits (losses) and net income (loss)
Information pertaining to operating results of the Company's reporting segments are as follows:
($ in thousands)
 
December 31, 2016
 
December 31, 2015
 
December 31, 2014
Revenues
 
 
 
 
 
 
Real estate—commercial/industrial (1)
 
$
9,438

 
$
8,272

 
$
7,845

Mineral resources
 
14,153

 
15,116

 
16,255

Farming (2)
 
18,648

 
23,836

 
23,435

Ranch operations (1)
 
3,338

 
3,923

 
3,534

Segment revenues
 
45,577

 
51,147

 
51,069

Equity in unconsolidated joint ventures, net
 
7,098

 
6,324

 
5,294

Gain on sale of real estate
 
1,044

 
—

 
—

Investment income
 
457

 
528

 
696

Other income
 
158

 
381

 
526

Total revenues and other income
 
54,334

 
58,380

 
57,585

Segment Profits (Losses)
 
 
 
 
 
 
Real estate—commercial/industrial (1)
 
2,338

 
1,578

 
639

Real estate—resort/residential (2)
 
(1,630
)
 
(2,349
)
 
(2,608
)
Mineral resources
 
6,357

 
7,720

 
9,837

Farming (2)
 
(25
)
 
4,852

 
7,185

Ranch operations (1)
 
(2,396
)
 
(2,189
)
 
(2,464
)
Segment profits (3)
 
4,644

 
9,612

 
12,589

Equity in unconsolidated joint ventures, net
 
7,098

 
6,324

 
5,294

Gain on sale of real estate
 
1,044

 
—

 
—

Investment income
 
457

 
528

 
696

Other income
 
158

 
381

 
526

Corporate expenses
 
(12,550
)
 
(12,808
)
 
(10,646
)
Income from operations before income taxes
 
$
851

 
$
4,037

 
$
8,459

 
 
 
 
 
 
 
(1) During the fourth quarter of 2015, the Company reclassified revenues and expenses previously classified as commercial/industrial into a new segment called Ranch Operations. Ranch operations is comprised of grazing leases, game management and other ancillary services supporting the ranch.
(2) During the fourth quarter of 2014, the Company determined hay crop sales previously recorded in the resort/residential segment revenues fit most appropriately with our farming segment revenues. The Company has reclassified prior periods to conform to the current year presentation.
(3) Segment profits are revenues less operating expenses, excluding investment income and expense, corporate expenses, equity in earnings of unconsolidated joint ventures, and income taxes.
Schedule of information pertaining to assets of segments
Information pertaining to assets of the Company’s reporting segments is as follows for each of the years ended December 31: 
($ in thousands)
 
Identifiable
Assets
 
Depreciation and Amortization
 
Capital
Expenditures
2016
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
65,290

 
$
551

 
$
5,196

Real estate - resort/residential
 
243,963

 
77

 
16,013

Mineral resources
 
45,066

 
1,357

 
2,161

Farming
 
36,895

 
1,150

 
2,006

Ranch operations
 
3,893

 
641

 
523

Corporate
 
44,594

 
773

 
481

Total
 
$
439,701

 
$
4,549

 
$
26,380

2015
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
67,550

 
$
469

 
$
7,023

Real estate - resort/residential
 
228,064

 
71

 
16,404

Mineral resources
 
46,025

 
1,501

 
1,199

Farming
 
32,542

 
929

 
2,583

Ranch operations
 
4,313

 
460

 
299

Corporate
 
53,425

 
1,660

 
540

Total
 
$
431,919

 
$
5,090

 
$
28,048

2014
 
 
 
 
 
 
Real estate - commercial/industrial
 
$
67,640

 
$
645

 
$
8,391

Real estate - resort/residential
 
212,534

 
76

 
10,214

Mineral resources
 
47,434

 
1,351

 
—

Farming
 
34,464

 
1,633

 
4,701

Ranch operations
 
4,295

 
453

 
561

Corporate
 
65,556

 
713

 
908

Total
 
$
431,923

 
$
4,871

 
$
24,775
Real estate - commercial/industrial  
Segment Reporting Information [Line Items]  
Components of segment revenues
The revenue components of the commercial/industrial real estate segment for the years ended December 31 are as follows:
($ in thousands)
2016
 
2015
 
2014
Pastoria Energy Facility Lease
$
3,612

 
$
3,694

 
$
3,445

Tejon Ranch Commerce Center
2,014

 
1,567

 
908

Commercial leases
1,587

 
1,368

 
1,021

Communication leases
806

 
784

 
782

Landscaping and other
709

 
859

 
1,181

Land Sale
710

 
—

 
508

Total commercial revenues
$
9,438

 
$
8,272

 
$
7,845

Equity in earnings of unconsolidated joint ventures
7,098

 
6,324

 
5,294

Commercial revenues & equity in earnings of unconsolidated joint ventures
$
16,536

 
$
14,596

 
$
13,139
Mineral resources  
Segment Reporting Information [Line Items]  
Components of segment revenues
The following table summarizes these activities for each of the years ended December 31:
($ in thousands)
 
2016
 
2015
 
2014
Oil and gas
 
$
1,549

 
$
2,661

 
$
6,096

Rock aggregate
 
1,164

 
870

 
1,216

Cement
 
1,299

 
1,263

 
1,043

Land lease for oil exploration
 
176

 
157

 
198

Water sales
 
9,601

 
10,165

 
7,702

Reimbursable costs
 
364

 
—

 
—

Total mineral resources revenues
 
$
14,153

 
$
15,116

 
$
16,255
Farming segment  
Segment Reporting Information [Line Items]  
Components of segment revenues
The farming segment produces revenues from the sale of wine grapes, almonds, pistachios and hay. The revenue components of the farming segment were as follows for each of the year ended December 31:
($ in thousands)
 
2016
 
2015
 
2014
Almonds
 
$
7,373

 
$
12,238

 
$
10,036

Pistachios
 
6,199

 
6,425

 
7,585

Wine grapes
 
3,744

 
4,338

 
3,978

Hay
 
520

 
749

 
1,361

Total crop proceeds
 
17,836

 
23,750

 
22,960

Other farming revenues
 
812

 
86

 
475

Total farming revenues
 
$
18,648

 
$
23,836

 
$
23,435
Ranch operations  
Segment Reporting Information [Line Items]  
Components of segment revenues
($ in thousands)
 
2016
 
2015
 
2014
Game management
 
$
1,296

 
$
1,658

 
$
1,652

Grazing
 
1,187

 
1,484

 
1,155

High Desert Hunt Club
 
334

 
351

 
302

Filming and other
 
521

 
430

 
425

Total ranch operations revenues
 
$
3,338

 
$
3,923

 
$
3,534