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STOCK-BASED COMPENSATION - Summary of SAR Activity (Details) (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Weighted Average Exercise Price      
Ending Balance Outstanding (in dollars per share) $ 19.81us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue $ 30.43us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue $ 30.43us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
2014 Long Term Incentive Plan | Stock Appreciation Rights (SARs)      
SAR Shares      
Outstanding and unvested at beginning of period (in shares) 1,616,625us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
1,812,079us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
 
Expired (in shares) (20,000)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
(195,454)us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
 
Outstanding and unvested at end of period (in shares) 1,596,625.000us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
1,616,625us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
1,812,079us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
Weighted Average Exercise Price      
Beginning Balance Outstanding (in dollars per share) $ 36.45us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
$ 36.16us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
 
Expired (in dollars per share) $ 33.76pico_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsExpirationsWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
$ 33.76pico_SharebasedCompensationArrangementbySharebasedPaymentAwardEquityInstrumentsOtherthanOptionsExpirationsWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
 
Ending Balance Outstanding (in dollars per share) $ 36.49us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
$ 36.45us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
$ 36.16us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue
/ us-gaap_AwardTypeAxis
= us-gaap_StockAppreciationRightsSARSMember
/ us-gaap_PlanNameAxis
= pico_A2014LongTermIncentivePlanMember
Outstanding, weighted average contractual term remaining 1 year 6 months 2 years 6 months 3 years 6 months