Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 3,496	$ 1,258
Marketable securities - available-for-sale	24,212	26,675
Accounts receivable	4,527	8,740
Inventories	6,378	3,084
Prepaid expenses and other current assets	3,955	3,107
Total current assets	42,568	42,864
Real estate and improvements - held for lease, net	18,582	20,026
Real estate development (includes $90,150 at March 31, 2017 and $89,381 at December 31, 2016, attributable to Centennial Founders, LLC, Note 15)	252,250	248,265
Property and equipment, net	45,989	46,034
Investments in unconsolidated joint ventures	33,692	33,803
Net investment in water assets	47,702	43,764
Deferred tax assets	2,118	2,282
Other assets	4,015	2,663
TOTAL ASSETS	446,916	439,701
Current Liabilities:
Trade accounts payable	2,811	2,415
Accrued liabilities and other	3,445	3,188
Deferred income	2,071	1,529
Revolving line of credit	16,000	7,700
Current maturities of long-term debt	3,868	3,853
Total current liabilities	28,195	18,685
Long-term debt, less current portion	68,905	69,853
Long-term deferred gains	3,662	3,662
Other liabilities	12,989	13,034
Total liabilities	113,751	105,234
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000; Issued and outstanding shares - 20,845,790 at March 31, 2017 and 20,810,301 at December 31, 2016	10,423	10,405
Additional paid-in capital	230,105	229,762
Accumulated other comprehensive loss	(5,989)	(6,239)
Retained earnings	70,045	71,947
Total Tejon Ranch Co. Stockholders’ Equity	304,584	305,875
Non-controlling interest	28,581	28,592
Total equity	333,165	334,467
TOTAL LIABILITIES AND EQUITY	$ 446,916	$ 439,701