Segment Reporting

9 Months Ended

Sep. 30, 2014

Segment Reporting [Abstract]

Segment Reporting

Segment Reporting

PICO is a diversified holding company engaged in the following operating and reportable segments: Water Resource and Water Storage Operations, Real Estate Operations, Agribusiness Operations, and Corporate. The Enterprise Software segment, which started and ended during 2013, will continue to be presented in historical periods as a segment.

The accounting policies of the reportable segments are the same as those described in the Company’s 2013 Annual Report on Form 10-K filed with the SEC, and in Note 1 Basis of Presentation and Summary of Significant Accounting Policies. 

Management analyzes segments using the following information:

Segment assets (in thousands):

	September 30, 2014		December 31, 2013
Total assets:
Water resource and water storage operations	$	191,828	$	193,105
Real estate operations	315,991		276,954
Agribusiness operations	162,257		155,005
Corporate	100,803		137,488
	$	770,879	$	762,552

Segment revenues and income (loss) before taxes (in thousands): 

	Three Months Ended September 30,						Nine Months Ended September 30,
	2014			2013			2014			2013
Revenue and other income:
Water resource and water storage operations	$	1,087		$	510		$	1,464		$	25,542
Real estate operations	55,794			23,712			145,212			63,641
Agribusiness operations	42,597			55,308			127,380			139,788
Enterprise software				4,402						13,649
Corporate	2,277			22,854			6,455			26,180
Total revenues and other income	$	101,755		$	106,786		$	280,511		$	268,800
Income (loss) before income taxes:
Water resource and water storage operations	$	(1,131	)	$	(1,799	)	$	(4,965	)	$	737
Real estate operations	(795		)	(231		)	(6,251		)	(2,701		)
Agribusiness operations	(5,221		)	(2,216		)	(4,962		)	(20,691		)
Enterprise software				(2,572		)				(5,281		)
Corporate	(3,063		)	17,664			(7,224		)	11,610
Total income (loss) before income taxes	$	(10,210	)	$	10,846		$	(23,402	)	$	(16,326	)