Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Current Assets:
Cash and cash equivalents	$ 522	$ 1,258
Marketable securities - available-for-sale	22,707	26,675
Accounts receivable	3,761	8,740
Inventories	9,320	3,084
Prepaid expenses and other current assets	3,410	3,107
Total current assets	39,720	42,864
Real estate and improvements - held for lease, net	18,497	20,026
Real estate development (includes $91,149 at June 30, 2017 and $89,381 at December 31, 2016, attributable to Centennial Founders, LLC, Note 15)	257,911	248,265
Property and equipment, net	45,960	46,034
Investments in unconsolidated joint ventures	34,505	33,803
Net investment in water assets	47,556	43,764
Deferred tax assets	1,503	2,282
Other assets	4,326	2,663
TOTAL ASSETS	449,978	439,701
Current Liabilities:
Trade accounts payable	3,427	2,415
Accrued liabilities and other	3,219	3,188
Deferred income	1,889	1,529
Revolving line of credit	20,000	7,700
Current maturities of long-term debt	3,969	3,853
Total current liabilities	32,504	18,685
Long-term debt, less current portion	67,849	69,853
Long-term deferred gains	3,187	3,662
Other liabilities	11,424	13,034
Total liabilities	114,964	105,234
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Issued and outstanding shares - 20,857,255 at June 30, 2017 and 20,810,301 at December 31, 2016	10,429	10,405
Additional paid-in capital	231,127	229,762
Accumulated other comprehensive loss	(5,167)	(6,239)
Retained earnings	70,071	71,947
Total Tejon Ranch Co. Stockholders’ Equity	306,460	305,875
Non-controlling interest	28,554	28,592
Total equity	335,014	334,467
TOTAL LIABILITIES AND EQUITY	$ 449,978	$ 439,701