Investments in Water Assets (Tables)

9 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Tangible water assets

The costs assigned to tangible water assets were as follows ($ in thousands):

	September 30, 2017		December 31, 2016
Banked water and water for future delivery	$	5,070	$	4,779
Transferable water	13,351		9,075
Total tangible water	$	18,421	$	13,854

Schedule of finite-lived intangible assets

The Company's carrying amounts of its intangible water assets were as follows: ($ in thousands):

	September 30, 2017					December 31, 2016
	Costs		Accumulated Depreciation			Costs		Accumulated Depreciation
Dudley Ridge water rights	$	12,203	$	(3,448	)	$	12,203	$	(2,895	)
Nickel water rights	18,740		(2,517		)	18,740		(2,218		)
Tulare Lake Basin water rights	5,857		(1,938		)	5,857		(1,777		)
	$	36,800	$	(7,903	)	$	36,800	$	(6,890	)
Net intangible water assets	28,897					29,910
Total tangible water assets	18,421					13,854
Net investments in water assets	$	47,318				$	43,764

Components of water assets

Water assets consist of the following:

(in acre-feet, unaudited)	September 30, 2017	December 31, 2016
Tangible water assets
Banked water and water for future delivery
AVEK water bank	13,033	13,033
Company water bank	26,338	17,287
AVEK water for future delivery	7,227	2,362
Transferable water*	8,782	9,062
Total tangible water assets	55,380	41,744
Intangible water assets
Water contracts	10,137	10,137
WRMWSD - Contract[s] with Company	15,547	15,547
TCWD - Contract[s] with Company	5,749	5,749
TCWD - Banked water contracted with Company	43,584	33,390
Total intangible water assets	75,017	64,823
Total water sources in acre-feet	130,397	106,567
* Of the 8,782 acre-feet of transferable water, 3,028 acre-feet is with AVEK and will be returned by AVEK to the Company at a 1.5 to 1 factor giving the Company use of a total of 4,542 (3,028 x 1.5) acre-feet as of June 30, 2017.