Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2018	Dec. 31, 2017
Current Assets:
Cash and cash equivalents	$ 10,611	$ 20,107
Marketable securities - available-for-sale	69,952	70,868
Accounts receivable	2,715	7,608
Inventories	7,335	2,469
Prepaid expenses and other current assets	3,023	2,849
Total current assets	93,636	103,901
Real estate and improvements - held for lease, net	18,931	19,115
Real estate development (includes $96,372 at June 30, 2018 and $94,271 at December 31, 2017, attributable to Centennial Founders, LLC, Note 15)	275,088	267,336
Property and equipment, net	45,738	45,332
Investments in unconsolidated joint ventures	30,742	30,031
Net investment in water assets	49,034	47,130
Deferred tax assets	1,250	1,562
Other assets	4,341	3,792
TOTAL ASSETS	518,760	518,199
Current Liabilities:
Trade accounts payable	3,293	3,545
Accrued liabilities and other	2,832	1,810
Deferred income	1,292	1,118
Current maturities of long-term debt	4,103	4,004
Total current liabilities	11,520	10,477
Long-term debt, less current portion	63,694	65,816
Long-term deferred gains	3,405	3,405
Other liabilities	10,546	11,691
Total liabilities	89,165	91,389
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 25,952,943 at June 30, 2018 and 25,894,773 at December 31, 2017	12,976	12,947
Additional paid-in capital	321,307	320,167
Accumulated other comprehensive loss	(4,090)	(5,264)
Retained earnings	70,852	70,392
Total Tejon Ranch Co. Stockholders’ Equity	401,045	398,242
Non-controlling interest	28,550	28,568
Total equity	429,595	426,810
TOTAL LIABILITIES AND EQUITY	$ 518,760	$ 518,199