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

9 Months Ended

Sep. 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 September 30,			Nine Months Ended September 30,
	2017			2018		2017
Revenue and other income from discontinued real estate operations:
Sales of real estate	$	39,462		$	—	$	247,213
Other	20			—		506
Total revenue and other income	39,482			—		247,719
Cost of sales and expenses from discontinued real estate operations:
Cost of real estate sold	32,221			—		200,789
General, administrative, and other	11,245			—		29,618
Sales and marketing	2,415			—		13,784
Impairment loss on long-lived assets	—			—		102
Total cost of sales and expenses	45,881			—		244,293
Income before income taxes	(6,399		)	—		3,426
Provision for federal and state income taxes	1,130			—		(360		)
Net income from discontinued real estate operations	(5,269		)	—		3,066
Net loss from discontinued agribusiness operations, net of tax	—			—		(13		)
Net income from discontinued operations, net of tax	(5,269		)	—		3,053
Income (loss) on sale of discontinued real estate operations, net of tax	2,094			43		(9,311		)
Income on sale of discontinued agribusiness operations, net of tax	—			—		2
Net income (loss) from discontinued operations, net of tax	(3,175		)	43		(6,256		)
Net (income) loss from discontinued operations attributable to noncontrolling interests	1,645			—		(1,150		)
Net income (loss) from discontinued operations attributable to PICO Holdings, Inc.	$	(1,530	)	$	43	$	(7,406	)