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Segment Reporting
 6 Months Ended
Jun. 30, 2013
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting

PICO is a diversified holding company engaged in five operating and reportable segments: Water Resource and Water Storage Operations, Real Estate Operations, Agribusiness Operations, Enterprise Software, and Corporate. The Enterprise Software segment was started during 2013 due to the acquisition of Spigit.

The accounting policies of the reportable segments are the same as those described in the Company’s 2012 Annual Report on Form 10-K filed with the SEC, and in Footnote 1. 

Management analyzes segments using the following information:

Segment assets (in thousands):
 
June 30,
2013
 
December 31,
2012
Total Assets:
 
 
 
Water Resource and Water Storage Operations
$
214,363

 
$
210,189

Real Estate Operations
161,452

 
145,978

Agribusiness Operations
161,788

 
165,961

Enterprise Software
24,146

 
 
Corporate
101,036

 
145,046

 
$
662,785

 
$
667,174



Segment revenues and income or loss before taxes (in thousands): 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Revenues:
 
 
 
 
 
 
 
Water Resource and Water Storage Operations
$
24,848

 
$
355

 
$
25,032

 
$
1,811

Real Estate Operations
27,991

 
1,589

 
39,930

 
5,413

Agribusiness Operations
44,914

 
9,658

 
84,479

 
9,684

Enterprise Software
5,597

 


 
9,247

 


Corporate
1,857

 
948

 
3,326

 
1,327

Total revenues
$
105,207

 
$
12,550

 
$
162,014

 
$
18,235

 
 
 
 
 
 
 
 
Income (Loss) before income taxes:
 
 
 
 
 
 
 
Water Resource and Water Storage Operations
$
4,677

 
$
(1,817
)
 
$
2,536

 
$
(2,979
)
Real Estate Operations
(1,758
)
 
(2,411
)
 
(2,470
)
 
(3,756
)
Agribusiness Operations
(8,760
)
 
(2,528
)
 
(18,475
)
 
(3,054
)
Enterprise Software
(1,559
)
 


 
(2,709
)
 


Corporate
(2,213
)
 
(3,848
)
 
(6,055
)
 
(7,748
)
Total loss before income taxes
$
(9,613
)
 
$
(10,604
)
 
$
(27,173
)
 
$
(17,537
)