Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 2,658	$ 1,258
Marketable securities - available-for-sale	21,494	26,675
Accounts receivable	7,330	8,740
Inventories	5,399	3,084
Prepaid expenses and other current assets	2,576	3,107
Total current assets	39,457	42,864
Real estate and improvements - held for lease, net	18,408	20,026
Real estate development (includes $92,194 at September 30, 2017 and $89,381 at December 31, 2016, attributable to Centennial Founders, LLC, Note 15)	262,496	248,265
Property and equipment, net	45,455	46,034
Investments in unconsolidated joint ventures	28,911	33,803
Net investment in water assets	47,318	43,764
Deferred tax assets	1,464	2,282
Other assets	4,030	2,663
TOTAL ASSETS	447,539	439,701
Current Liabilities:
Trade accounts payable	3,361	2,415
Accrued liabilities and other	4,046	3,188
Deferred income	1,668	1,529
Revolving line of credit	17,000	7,700
Current maturities of long-term debt	4,016	3,853
Total current liabilities	30,091	18,685
Long-term debt, less current portion	66,806	69,853
Long-term deferred gains	3,373	3,662
Other liabilities	11,165	13,034
Total liabilities	111,435	105,234
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 20,865,350 at September 30, 2017 and 20,810,301 at December 31, 2016	10,433	10,405
Additional paid-in capital	232,166	229,762
Accumulated other comprehensive loss	(5,094)	(6,239)
Retained earnings	70,049	71,947
Total Tejon Ranch Co. Stockholders’ Equity	307,554	305,875
Non-controlling interest	28,550	28,592
Total equity	336,104	334,467
TOTAL LIABILITIES AND EQUITY	$ 447,539	$ 439,701