Long Term Water Assets (Tables)

12 Months Ended

Dec. 31, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Costs assigned to water assets held for future use were as follows ($ in thousands):



	December 31, 2017		December 31, 2016
Banked water and water for future delivery	$	5,220	$	4,779
Transferable water	13,351		9,075
Total water held for future use at cost	$	18,571	$	13,854

Schedule of finite-lived intangible assets

The Company's carrying amounts of its purchased water contracts were as follows: ($ in thousands):



	December 31, 2017					December 31, 2016
	Costs		Accumulated Depreciation			Costs		Accumulated Depreciation
Dudley Ridge water rights	$	12,203	$	(3,377	)	$	12,203	$	(2,895	)
Nickel water rights	18,740		(2,678		)	18,740		(2,218		)
Tulare Lake Basin water rights	5,857		(2,186		)	5,857		(1,777		)
	$	36,800	$	(8,241	)	$	36,800	$	(6,890	)
Net cost of purchased water contracts	28,559					29,910
Total cost water held for future use	18,571					13,854
Net investments in water assets	$	47,130				$	43,764

Components of water assets

Total water resources both recurring and one-time usage:



(in acre feet, unaudited)	December 31, 2017	December 31, 2016
Water held for future use
AVEK water bank	13,033	13,033
Company water bank	31,497	17,287
AVEK water for future delivery	—	2,362
Transferable water *	6,169	9,062
Total water held for future use	50,699	41,744
Purchased water contracts
Water Contracts (Dudley-Ridge, Nickel and Tulare)	10,137	10,137
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,749	5,749
TCWD - Banked water contracted to Company	49,184	33,390
Total purchased water contracts	80,617	64,823
Total water held for future use and purchased water contracts	131,316	106,567

*of the 6,169 acre-feet of transferable water, 1,452 acre-feet will be returned by AVEK to the Company at a 1.5 to 1 factor giving the Company use of a total of 2,137 (1,452 X 1.5) acre-feet as of December 31, 2017.