Condensed Consolidated Balance Sheets - Unaudited - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 37,953	$ 56,462
Investments ($24,870 and $22,590 measured at fair value at September 30, 2016 and December 31, 2015, respectively)	28,352	26,072
Real estate and tangible water assets, net	439,401	424,235
Intangible assets, net	126,919	126,533
Other assets	16,996	19,990
Assets held-for-sale	10,900	8,793
Total assets	660,521	662,085
Liabilities and equity
Debt	157,785	155,966
Accounts payable and accrued expenses	36,553	34,458
Deferred compensation	26,744	25,493
Other liabilities	13,193	11,556
Liabilities held-for-sale	903	608
Total liabilities	235,178	228,081
Commitments and contingencies
Common stock, $0.001 par value; authorized 100,000 shares, 23,125 issued and 23,069 outstanding at September 30, 2016, and 23,116 issued and 23,038 outstanding at December 31, 2015	23	23
Additional paid-in capital	493,744	494,207
Accumulated deficit	(164,466)	(151,366)
Accumulated other comprehensive income	6,502	4,961
Treasury stock, at cost (common shares: 55 and 78 at September 30, 2016 and December 31, 2015, respectively)	(927)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	334,876	346,412
Noncontrolling interest in subsidiaries	90,467	87,592
Total equity	425,343	434,004
Total liabilities and equity	$ 660,521	$ 662,085