Discontinued Operations and Assets and Liabilities Held-for-Sale (Tables)

6 Months Ended

Jun. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Results from Discontinued Operations

The following table presents the details of the Company’s results from discontinued operations included in the condensed consolidated statement of operations and comprehensive income or loss (in thousands):

	Three Months Ended June 30,					Six Months Ended June 30,
	2018		2017			2018		2017
Revenue and other income from discontinued real estate operations:
Sales of real estate			$	113,252				$	207,751
Other			38					486
Total revenue and other income			113,290					208,237
Cost of sales and expenses from discontinued real estate operations:
Cost of real estate sold			91,440					168,568
General, administrative, and other			10,158					18,373
Sales and marketing			6,219					11,368
Impairment loss on long-lived assets								102
Total cost of sales and expenses			107,817					198,411
Income before income taxes			5,473					9,826
Provision for federal and state income taxes			(969		)			(1,491		)
Net income from discontinued real estate operations			4,504					8,335
Net loss from discontinued agribusiness operations, net of tax			(70		)			(13		)
Net income from discontinued operations, net of tax			4,434					8,322
Income (loss) on sale of discontinued real estate operations, net of tax	43		(4,257		)	43		(11,405		)
Income on sale of discontinued agribusiness operations, net of tax								2
Net income (loss) from discontinued operations, net of tax	43		177			43		(3,081		)
Net income from discontinued operations attributable to noncontrolling interests			(1,405		)			(2,796		)
Net income (loss) from discontinued operations attributable to PICO Holdings, Inc.	$	43	$	(1,228	)	$	43	$	(5,877	)