Discontinued Agribusiness Operations (Tables)

6 Months Ended

Jun. 30, 2015

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures

The following table presents the details of the Company’s results from discontinued agribusiness operations included in the condensed consolidated statement of operations and comprehensive income or loss (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Revenue and other income:
Sales of canola oil and meal	$	33,234		$	48,960		$	72,667		$	83,819
Other	39			957			(68		)	965
Total revenue and other income	33,273			49,917			72,599			84,784
Cost of goods sold:
Cost of canola oil and meal sold	(32,601		)	(36,190		)	(71,025		)	(65,182		)
Depreciation	(2,392		)	(2,063		)	(4,342		)	(4,126		)
Other direct costs of production	(2,264		)	(2,636		)	(4,784		)	(5,754		)
Total cost of goods sold	(37,257		)	(40,889		)	(80,151		)	(75,062		)
Depreciation	(49		)	(37		)	(95		)	(73		)
Impairment loss on intangible and long-lived assets							(1,875		)
Interest	(1,392		)	(1,326		)	(2,830		)	(2,653		)
Plant costs and overhead	(3,388		)	(3,214		)	(6,943		)	(6,737		)
Segment total expenses	(42,086		)	(45,466		)	(91,894		)	(84,525		)
Income (loss) from discontinued agribusiness operations, net of tax	(8,813		)	4,451			(19,295		)	259
Impairment loss on classification of assets classified as held-for-sale, net of tax	(16,903		)				(16,903		)
Net income (loss) from discontinued agribusiness operations, net of tax	(25,716		)	4,451			(36,198		)	259
Net (income) loss from discontinued agribusiness operations attributable to noncontrolling interests	684			(553		)	1,746			(46		)
Net income (loss) from discontinued agribusiness operations attributable to PICO Holdings, Inc.	$	(25,032	)	$	3,898		$	(34,452	)	$	213

The following table presents the details of the Company’s discontinued agribusiness assets and liabilities classified as held-for-sale in the condensed consolidated balance sheets (in thousands):

	June 30, 2015			December 31, 2014
Assets
Cash and cash equivalents	$	300		$	301
Accounts receivable	4,522			3,311
Inventory	4,746			11,663
Real estate, net	4,801			5,889
Property, plant and equipment, net	112,308			116,793
Goodwill	4,702			4,702
Other assets	10,576			9,895
Valuation allowance on assets held-for-sale	(16,903		)
Total assets held-for-sale	$	125,052		$	152,554
Liabilities
Debt	$	81,895		$	84,045
Accounts payable and accrued expenses	6,910			8,186
Other liabilities	3,238			2,357
Total liabilities held-for-sale	$	92,043		$	94,588