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Segment Reporting
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Segment Reporting
Segment Reporting

PICO is a diversified holding company engaged in the following operating and reportable segments: Water Resource and Water Storage Operations, Real Estate Operations, Corporate, and Discontinued Agribusiness Operations. The accounting policies of the reportable segments are the same as those described in the Company’s 2015 Annual Report on Form 10-K filed with the SEC.

Management analyzes segments using the following information:

Segment assets (in thousands):
 
June 30, 2016
 
December 31, 2015
Assets:
 
 
 
Water resource and water storage operations
$
185,409

 
$
185,037

Real estate operations
427,137

 
421,411

Corporate
43,269

 
46,844

Discontinued agribusiness operations
6,525

 
8,793

Total assets
$
662,340

 
$
662,085



Segment revenues and loss before taxes (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2016
 
2015
 
2016
 
2015
Revenue and other income:
 
 
 
 
 
 
 
Water resource and water storage operations
$
99

 
$
513

 
$
259

 
$
723

Real estate operations
82,893

 
54,786

 
151,166

 
98,466

Corporate
717

 
(20,191
)
 
1,322

 
(18,758
)
Total revenue and other income
$
83,709

 
$
35,108

 
$
152,747

 
$
80,431

 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
Water resource and water storage operations
$
(1,540
)
 
$
(1,249
)
 
$
(3,233
)
 
$
(2,741
)
Real estate operations
1,912

 
(1,721
)
 
1,837

 
(5,500
)
Corporate
(3,165
)
 
(23,861
)
 
(6,192
)
 
(27,672
)
Loss from continuing operations before income taxes and equity in loss of unconsolidated affiliates
$
(2,793
)
 
$
(26,831
)
 
$
(7,588
)
 
$
(35,913
)