Long-Term Water Assets (Tables)

9 Months Ended

Sep. 30, 2018

Goodwill and Intangible Assets Disclosure [Abstract]

Tangible water assets

The costs assigned to water assets held for future use were as follows ($ in thousands):

	September 30, 2018		December 31, 2017
Banked water and water for future delivery	$	5,452	$	5,220
Transferable water	15,725		13,351
Total tangible water	$	21,177	$	18,571

Schedule of finite-lived intangible assets

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

	September 30, 2018					December 31, 2017
	Costs		Accumulated Depreciation			Costs		Accumulated Depreciation
Dudley Ridge water rights	$	12,203	$	(3,739	)	$	12,203	$	(3,377	)
Nickel water rights	18,740		(3,159		)	18,740		(2,678		)
Tulare Lake Basin water rights	5,857		(2,362		)	5,857		(2,186		)
	$	36,800	$	(9,260	)	$	36,800	$	(8,241	)
Net intangible water assets	27,540					28,559
Total tangible water assets	21,177					18,571
Net investments in water assets	$	48,717				$	47,130

Components of water assets

Total water resources including recurring annual contract water were as follows:

(in acre-feet, unaudited)	September 30, 2018	December 31, 2017
Water held for future use
AVEK water bank	13,033	13,033
Company water bank	33,634	31,497
TCWD - Banked water contracted with Company	49,184	49,184
Transferable water	5,889	6,169
Total water held for future use	101,740	99,883
Water contracts - annual availability
Dudley-Ridge, Nickel and Tulare	10,137	10,137
WRMWSD	15,547	15,547
TCWD	5,749	5,749
Total water contracts	31,433	31,433
Total water held for future use and water contracts	133,173	131,316