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Segment Reporting
 6 Months Ended
Jun. 30, 2017
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 and Corporate. The accounting policies of the reportable segments are the same as those described in the Company’s 2016 Annual Report on Form 10-K filed with the SEC, however, the majority of Company’s real estate segment has been reclassified to discontinued operations in the accompanying condensed consolidated financial statements for all periods presented.

Management analyzes segments using the following information:

Segment assets (in thousands):
 
June 30, 2017
 
December 31, 2016
Assets:
 
 
 
Water resource and water storage operations
$
174,550

 
$
186,055

Corporate
41,108

 
49,050

Assets held-for-sale
432,894

 
440,689

Total assets
$
648,552

 
$
675,794



Segment revenues and loss before taxes (in thousands):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2017
 
2016
 
2017
 
2016
Revenue and other income:
 
 
 
 
 
 
 
Water resource and water storage operations
$
227

 
$
132

 
$
25,419

 
$
313

Corporate
8,407

 
718

 
9,408

 
1,321

Total revenue and other income
$
8,634

 
$
850

 
$
34,827

 
$
1,634

 
 
 
 
 
 
 
 
Income (loss) before income taxes:
 
 
 
 
 
 
 
Water resource and water storage operations
$
(884
)
 
$
(1,507
)
 
$
9,630

 
$
(3,180
)
Corporate
6,633

 
(3,164
)
 
5,592

 
(6,194
)
Income (loss) from continuing operations before income taxes
$
5,749

 
$
(4,671
)
 
$
15,222

 
$
(9,374
)