CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 60,542	$ 56,462
Investments ($25,071 and $22,590 measured at fair value at December 31, 2016 and 2015, respectively)	26,383	26,072
Real estate and tangible water assets, net	430,898	424,235
Intangible assets, net	126,897	126,533
Other assets	24,569	19,990
Assets held-for-sale	6,505	8,793
Total assets	675,794	662,085
Liabilities and shareholders’ equity
Debt, net	160,994	155,966
Accounts payable and accrued expenses	35,040	34,458
Deferred compensation	27,322	25,493
Other liabilities	24,593	11,556
Liabilities held-for-sale	276	608
Total liabilities	248,225	228,081
Commitments and contingencies
Common stock, $.001 par value; authorized 100,000 shares, 23,125 issued and 23,070 outstanding at December 31, 2016, and 23,116 issued and 23,038 outstanding at December 31, 2015	23	23
Additional paid-in capital	495,468	494,207
Accumulated deficit	(173,231)	(151,366)
Accumulated other comprehensive income	6,661	4,961
Treasury stock, at cost (common shares: 55 and 78 at December 31, 2016 and December 31, 2015, respectively)	(927)	(1,413)
Total PICO Holdings, Inc. shareholders’ equity	327,994	346,412
Noncontrolling interest in subsidiaries	99,575	87,592
Total shareholders’ equity	427,569	434,004
Total liabilities and shareholders’ equity	$ 675,794	$ 662,085