Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 40,154	$ 62,677
Investments ($22,949 and $28,370 measured at fair value at September 30, 2015 and December 31, 2014, respectively)	26,431	55,671
Real estate and tangible water assets, net	447,180	386,350
Property, plant and equipment, net of $5,487 and $4,742 of accumulated depreciation at September 30, 2015, and December 31, 2014, respectively	4,715	4,224
Intangible assets, net	126,835	126,612
Other assets	16,483	16,356
Assets held-for-sale	14,028	152,554
Total assets	675,826	804,444
Liabilities and shareholders’ equity
Debt	170,150	135,451
Accounts payable and accrued expenses	35,991	24,591
Deferred compensation	25,461	24,584
Other liabilities	11,804	13,685
Liabilities held-for-sale	1,058	94,588
Total liabilities	$ 244,464	$ 292,899
Commitments and contingencies
Common stock, $0.001 par value; authorized 100,000 shares, 23,095 issued and 23,017 outstanding at September 30, 2015, and 23,083 issued and 23,005 outstanding at December 31, 2014	$ 23	$ 23
Additional paid-in capital	493,830	491,662
Accumulated deficit	(150,195)	(69,508)
Accumulated other comprehensive income	4,927	4,717
Treasury stock, at cost (common shares: 78 at September 30, 2015 and December 31, 2014)	(1,413)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	347,172	425,481
Noncontrolling interest in subsidiaries	84,190	86,064
Total equity	431,362	511,545
Total liabilities and equity	$ 675,826	$ 804,444