Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 1,672	$ 5,638
Marketable securities - available-for-sale	43,940	42,140
Accounts receivable	6,072	8,506
Inventories	6,331	4,098
Prepaid expenses and other current assets	6,728	4,456
Deferred tax assets	1,623	1,089
Total current assets	66,366	65,927
Real estate and improvements - held for lease, net	20,185	20,226
Real estate development (includes $77,790 at March 31, 2015 and $77,131 at December 31, 2014, attributable to Centennial Founders LLC, Note 14)	220,812	219,654
Property and equipment, net	43,453	43,094
Investments in unconsolidated joint ventures	32,666	32,604
Long-term water assets	44,751	45,349
Long-term deferred tax assets	3,487	3,487
Other assets	1,769	1,774
TOTAL ASSETS	433,489	432,115
Current Liabilities:
Trade accounts payable	5,127	3,347
Accrued liabilities and other	3,312	2,774
Income taxes payable	465	1,703
Deferred income	1,821	1,164
Revolving line of credit	3,660	6,850
Current maturities of long-term debt	247	244
Total current liabilities	14,632	16,082
Long-term debt, less current portion	74,153	74,215
Long-term deferred gains	3,904	3,683
Other liabilities	15,595	13,802
Total liabilities	108,284	107,782
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 20,653,575 at March 31, 2015 and 20,636,478 at December 31, 2014	10,327	10,318
Additional paid-in capital	212,824	212,763
Accumulated other comprehensive loss	(7,698)	(6,899)
Retained earnings	70,056	68,439
Total Tejon Ranch Co. Stockholders’ Equity	285,509	284,621
Non-controlling interest	39,696	39,712
Total equity	325,205	324,333
TOTAL LIABILITIES AND EQUITY	$ 433,489	$ 432,115