Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 39,952	$ 56,462
Investments ($22,942 and $22,590 measured at fair value at March 31, 2016 and December 31, 2015, respectively)	26,424	26,072
Real estate and tangible water assets, net	434,619	424,235
Intangible assets, net	127,228	126,533
Other assets	19,234	19,990
Assets held-for-sale	6,577	8,793
Total assets	654,034	662,085
Liabilities and equity
Debt	158,584	155,966
Accounts payable and accrued expenses	29,634	34,458
Deferred compensation	25,683	25,493
Other liabilities	12,185	11,556
Liabilities held-for-sale	276	608
Total liabilities	$ 226,362	$ 228,081
Commitments and contingencies
Common stock, $0.001 par value; authorized 100,000 shares, 23,116 issued and 23,038 outstanding at March 31, 2016 and December 31, 2015	$ 23	$ 23
Additional paid-in capital	494,637	494,207
Accumulated deficit	(158,167)	(151,366)
Accumulated other comprehensive income	5,010	4,961
Treasury stock, at cost (common shares: 78 at March 31, 2016 and December 31, 2015)	(1,413)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	340,090	346,412
Noncontrolling interest in subsidiaries	87,582	87,592
Total equity	427,672	434,004
Total liabilities and equity	$ 654,034	$ 662,085