CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 56,462	$ 62,677
Investments ($22,590 and $28,370 measured at fair value at December 31, 2015 and 2014, respectively)	26,072	55,671
Real estate and tangible water assets, net	424,235	386,350
Intangible assets, net	126,533	126,612
Other assets	21,514	20,580
Assets held-for-sale	8,793	152,554
Total assets	663,609	804,444
Liabilities and shareholders’ equity
Debt	157,490	135,451
Accounts payable and accrued expenses	34,458	24,591
Deferred compensation	25,493	24,584
Other liabilities	11,556	13,685
Liabilities held-for-sale	608	94,588
Total liabilities	$ 229,605	$ 292,899
Commitments and contingencies
Common stock, $.001 par value; authorized 100,000 shares, 23,116 issued and 23,038 outstanding at December 31, 2015, and 23,083 issued and 23,005 outstanding at December 31, 2014	$ 23	$ 23
Additional paid-in capital	494,207	491,662
Accumulated deficit	(151,366)	(69,508)
Accumulated other comprehensive income	4,961	4,717
Treasury stock, at cost (common shares: 78 at December 31, 2015 and December 31, 2014)	(1,413)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	346,412	425,481
Noncontrolling interest in subsidiaries	87,592	86,064
Total shareholders’ equity	434,004	511,545
Total liabilities and shareholders’ equity	$ 663,609	$ 804,444