Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Current Assets:
Cash and cash equivalents	$ 111	$ 5,638
Marketable securities - available-for-sale	39,289	42,140
Accounts receivable	3,825	8,506
Inventories	9,986	4,098
Prepaid expenses and other current assets	6,278	4,456
Deferred tax assets	952	1,089
Total current assets	60,441	65,927
Real estate and improvements - held for lease, net	20,130	20,226
Real estate development (includes $78,555 at June 30, 2015 and $77,131 at December 31, 2014, attributable to Centennial Founders LLC, Note 14)	224,733	219,654
Property and equipment, net	44,764	43,094
Investments in unconsolidated joint ventures	34,362	32,604
Long-term water assets	44,482	45,349
Long-term deferred tax assets	3,487	3,487
Other assets	1,758	1,774
TOTAL ASSETS	434,157	432,115
Current Liabilities:
Trade accounts payable	5,582	3,347
Accrued liabilities and other	3,402	2,774
Income taxes payable	501	1,703
Deferred income	1,210	1,164
Revolving line of credit	3,960	6,850
Current maturities of long-term debt	249	244
Total current liabilities	14,904	16,082
Long-term debt, less current portion	74,089	74,215
Long-term deferred gains	3,816	3,683
Other liabilities	12,327	13,802
Total liabilities	$ 105,136	$ 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 - 20,661,590 at June 30, 2015 and 20,636,478 at December 31, 2014	$ 10,331	$ 10,318
Additional paid-in capital	215,254	212,763
Accumulated other comprehensive loss	(6,693)	(6,899)
Retained earnings	70,462	68,439
Total Tejon Ranch Co. Stockholders’ Equity	289,354	284,621
Non-controlling interest	39,667	39,712
Total equity	329,021	324,333
TOTAL LIABILITIES AND EQUITY	$ 434,157	$ 432,115