Tejon Ranch (TRC) 10-Q 12 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	Apr. 30, 2014
Entity Information [Line Items]	'	'
Entity Registrant Name	'TEJON RANCH CO	'
Entity Central Index Key	'0000096869	'
Trading Symbol	'TRC	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Accelerated Filer	'
Entity Common Stock Shares Outstanding	'	20,582,193

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets:	'	'
Cash and cash equivalents	$4,176	$9,031
Marketable securities - available-for-sale	52,919	55,436
Accounts receivable	5,567	7,108
Inventories	6,314	3,510
Prepaid expenses and other current assets	8,011	7,707
Deferred tax assets	638	452
Total current assets	77,625	83,244
Property and equipment - net of depreciation (includes $75,404 at March 31, 2014 and $74,726 at December 31, 2013, attributable to Centennial Founders LLC, Note 12)	149,918	146,542
Investments in unconsolidated joint ventures	69,467	62,604
Long-term water assets	46,041	46,754
Long-term deferred tax assets	1,592	1,592
Other assets	1,728	2,143
TOTAL ASSETS	346,371	342,879
Current Liabilities:	'	'
Trade accounts payable	5,544	5,028
Accrued liabilities and other	3,138	2,647
Deferred income	1,816	865
Current portion of long-term debt	236	234
Total current liabilities	10,734	8,774
Long-term debt, less current portion	4,399	4,459
Long-term deferred gains	2,248	2,248
Other liabilities	6,322	6,518
Pension liability	1,085	693
Total liabilities	24,788	22,692
Commitments and contingencies	'	'
Tejon Ranch Co. Stockholders’ Equity	'	'
Common stock, $.50 par value per share: Authorized shares - 30,000,000, Issued and outstanding shares - 20,563,023 at December 31, 2013 and 20,085,865 at December 31, 2012	10,291	10,282
Additional paid-in capital	210,973	210,848
Accumulated other comprehensive loss	-3,202	-3,333
Retained earnings	63,898	62,785
Total Tejon Ranch Co. Stockholders’ Equity	281,960	280,582
Non-controlling interest	39,623	39,605
Total equity	321,583	320,187
TOTAL LIABILITIES AND EQUITY	$346,371	$342,879

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Property and equipment - net of depreciation	$149,918	$146,542
Common stock, par value per share	$0.50	$0.50
Common stock, authorized shares	30,000,000	30,000,000
Common stock, issued shares	20,585,793	20,085,865
Common stock, outstanding shares	20,585,793	20,085,865
Centennial Founders, LLC	'	'
Property and equipment - net of depreciation	$75,394	$74,726

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenues:	'	'
Total revenues	$7,145	$9,760
Costs and Expenses:	'	'
Total expenses	9,138	9,670
Operating income	-1,993	90
Income (Expense) from Water Sales	3,002	0
Other Income:	'	'
Investment income	198	275
Other income	27	3
Total other income	3,227	278
Income from operations before equity in earnings of unconsolidated joint ventures	1,234	368
Equity in earnings of unconsolidated joint ventures, net	438	409
Income before income tax expense	1,672	777
Income tax expense	541	147
Net income	1,131	630
Net loss attributable to non-controlling interest	18	15
Net income attributable to common stockholders	1,113	615
Net income per share attributable to common stockholders, basic, in dollars per share	$0.05	$0.03
Net income per share attributable to common stockholders, diluted, in dollars per share	$0.05	$0.03
Real estate - commercial/industrial	'	'
Revenues:	'	'
Total revenues	2,942	2,722
Costs and Expenses:	'	'
Total expenses	3,311	3,113
Other Income:	'	'
Equity in earnings of unconsolidated joint ventures, net	459	422
Real estate- resort/residential	'	'
Revenues:	'	'
Total revenues	359	237
Costs and Expenses:	'	'
Total expenses	655	309
Mineral resources	'	'
Revenues:	'	'
Total revenues	2,264	2,866
Costs and Expenses:	'	'
Total expenses	75	160
Farming	'	'
Revenues:	'	'
Total revenues	1,580	3,935
Costs and Expenses:	'	'
Total expenses	1,673	2,257
Corporate expenses	'	'
Costs and Expenses:	'	'
Total expenses	$3,424	$3,831

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Comprehensive income attributable to common stockholders	'	'
Net income	$1,131	$630
Other comprehensive income (loss):	'	'
Unrealized gains (losses) on available for sale securities	12	-43
Benefit plan adjustments	-474	0
Benefit plan reclassification for losses included in net income	-407	0
Other comprehensive loss before taxes	-55	-43
(Provisions) benefit for income taxes related to other comprehensive loss items	186	17
Other comprehensive income (loss)	131	-26
Comprehensive income	1,262	604
Comprehensive loss attributable to non-controlling interests	18	15
Comprehensive income attributable to common stockholders	$1,244	$589

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)	Total	Total Tejon Ranch Co.'s Stockholders Equity	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Noncontrolling Interest
In Thousands, except Share data, unless otherwise specified
Beginning Balance, value at Dec. 31, 2012	$308,259	$268,592	$10,043	$198,117	($5,118)	$65,550	$39,667
Beginning Balance (in shares) at Dec. 31, 2012	'	'	20,085,865	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Net income (loss)	4,103	4,165	'	'	'	4,165	-62
Other comprehensive income	1,785	1,785	'	'	1,785	'	'
Exercise of stock options (in shares)	'	'	7,567	'	'	'	'
Exercise of stock options and related tax benefit of $3 in 2013, $8 in 2012 and $634 in 2011	211	211	4	207	'	'	'
Restricted stock issuance (in shares)	'	'	391,555	'	'	'	'
Restricted stock issuance	0	0	196	-196	'	'	'
Common stock issued for water purchase (in shares)	'	'	251,876	'	'	'	'
Common stock issued for water purchase	9,370	9,370	126	9,244	'	'	'
Stock compensation	1,223	1,223	'	1,223	'	'	'
Shares withheld for taxes (in shares)	'	'	-173,840	'	'	'	'
Shares withheld for taxes	-4,764	-4,764	-87	-4,677	'	'	'
Warrants issued as dividends (3,000,000 warrants)	'	'	'	6,930	'	-6,930	'
Ending Balance, value at Dec. 31, 2013	320,187	280,582	10,282	210,848	-3,333	62,785	39,605
Ending Balance (in shares) at Dec. 31, 2013	'	'	20,563,023	'	'	'	'
Beginning Balance, value at Sep. 30, 2013	'	'	'	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Common stock issued for water purchase (in shares)	'	'	251,876	'	'	'	'
Ending Balance, value at Dec. 31, 2013	320,187	280,582	10,282	210,848	-3,333	62,785	39,605
Ending Balance (in shares) at Dec. 31, 2013	'	'	20,563,023	'	'	'	'
Increase (Decrease) in Stockholders' Equity [Roll Forward]	'	'	'	'	'	'	'
Net income (loss)	1,131	1,113	'	'	'	1,113	18
Other comprehensive income	131	131	'	'	131	'	'
Restricted stock issuance (in shares)	'	'	34,229	'	'	'	'
Restricted stock issuance	0	0	17	-17	'	'	'
Stock compensation	649	649	'	649	'	'	'
Shares withheld for taxes (in shares)	'	'	-15,059	'	'	'	'
Shares withheld for taxes	-515	-515	-8	-507	'	'	'
Ending Balance, value at Mar. 31, 2014	$321,583	$281,960	$10,291	$210,973	($3,202)	$63,898	$39,623
Ending Balance (in shares) at Mar. 31, 2014	'	'	20,582,193	'	'	'	'

Consolidated_Statements_of_Equ1

Consolidated Statements of Equity (Parenthetical) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Statement of Stockholders' Equity [Abstract]	'	'
Exercise of stock options, tax benefit	'	$3
Warrants issued as dividends	3,000,000	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Operating Activities	'	'
Net income	$1,131	$630
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'
Depreciation and amortization	1,146	923
Amortization of premium/discount of marketable securities	202	232
Equity in earnings	-438	-409
Non-cash retirement plan expense	630	162
Deferred income taxes	3	0
Stock compensation expense	618	629
Changes in operating assets and liabilities:	'	'
Receivables, inventories and other assets, net	2,278	2,488
Current liabilities, net	-787	-1,088
Net cash provided by operating activities	4,783	3,567
Investing Activities	'	'
Maturities and sales of marketable securities	4,705	7,189
Funds invested in marketable securities	-2,379	-8,320
Property and equipment expenditures	-5,419	-3,718
Investment in unconsolidated joint ventures	-6,425	-900
Investments in long-term water assets	0	-121
Other	453	10
Net cash used in investing activities	-9,065	-5,860
Financing Activities	'	'
Borrowings of short-term debt	4,500	0
Repayments of short-term debt	-4,500	-9
Repayments of long-term debt	-58	0
Proceeds from exercise of stock options	0	211
Taxes on vested stock grants	-515	-845
Net cash provided by (used in) financing activities	-573	-643
Decrease in cash and cash equivalents	-4,855	-2,936
Cash and cash equivalents at beginning of year	9,031	'
Cash and cash equivalents at end of year	4,176	4,283
Supplemental cash flow information	'	'
Accrued capital expenditures included in current liabilities	$2,076	$2,170

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2014
Accounting Policies [Abstract]	'
Basis of Presentation	'
	BASIS OF PRESENTATION
	The summarized information of Tejon Ranch Co. and its subsidiaries, (collectively, the “Company”), furnished pursuant to the instructions to Part I of Form 10-Q is unaudited and reflects all adjustments which are, in the opinion of the Company’s management, necessary for a fair statement of the results for the interim period. All such adjustments are of a normal recurring nature. The Company has reclassified prior period amounts in the consolidated statements of operations related to income and expense of water sales. We have evaluated subsequent events through the date of issuance of our consolidated financial statements.
	The periods ending March 31, 2014 and 2013 include the consolidation of Centennial Founders, LLC’s statement of operations within the resort /residential real estate development segment and statements of cash flows. The Company’s March 31, 2014 and December 31, 2013 balance sheets and statements of equity are presented on a consolidated basis including the consolidation of Centennial Founders, LLC.
	The Company has identified four reportable segments: commercial/industrial real estate development; resort/residential real estate development; mineral resources; and farming. Information for the Company’s reported segments is presented in its consolidated statements of operations. The Company’s reporting segments follow the same accounting policies used for the Company’s consolidated financial statements. Management evaluates a segment’s performance based upon a number of factors including pretax results.
	The results of the period reported herein are not indicative of the results to be expected for the full year due to the seasonal nature of the Company’s agricultural activities and timing of real estate sales and leasing activities. Historically, the Company’s largest percentages of farming revenues are recognized during the third and fourth quarters of the fiscal year.
	For further information and a summary of significant accounting policies, refer to the Consolidated Financial Statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2013.

Equity

Equity	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Equity	'
	EQUITY
	Earnings Per Share (EPS)
	Basic net income (loss) per share attributable to common stockholders is based upon the weighted-average number of shares of common stock outstanding during the year. Diluted net income (loss) per share attributable to common stockholders is based upon the weighted-average number of shares of common stock outstanding and the weighted-average number of shares outstanding assuming the issuance of common stock upon exercise of stock options, warrants to purchase common stock, and the vesting of restricted stock grants per ASC 260, “Earnings Per Share.”
		Three Months Ended
		31-Mar
		2014	2013
	Weighted average number of shares outstanding:
	Common stock	20,568,270	20,100,115
	Common stock equivalents-stock options, grants	38,218	15,327
	Diluted shares outstanding	20,606,488	20,115,442
	Warrants
	On August 7, 2013, the Company announced that its Board of Directors declared a dividend of warrants, or the Warrants, to purchase shares of Company common stock, par value $0.50 per share, or Common Stock, to holders of record of Common Stock as of August 21, 2013, the Record Date. The Warrants were distributed to shareholders on August 28, 2013. Each Warrant entitles the holder to purchase one share of Common Stock at an initial exercise price of $40.00 per share. The Warrants will be exercisable through August 31, 2016, subject to the Company's right to accelerate the expiration date under certain circumstances when the Warrants are in-the-money. Each holder of Common Stock as of the Record Date received a number of Warrants equal to the number of shares held multiplied by 0.14771, rounded to the nearest whole number. No cash or other consideration was paid in respect of any fractional Warrants that were rounded down. As a result, the Company issued an aggregate of 3,000,000 Warrants. These Warrants were issued pursuant to a Warrant Agreement, dated as of August 7, 2013, between the Company, Computershare, Inc. and Computershare Trust Company, N.A., as warrant agent. The Warrants are currently anti-dilutive and have not been included in the EPS calculation.

Marketable_Securities

Marketable Securities	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Marketable Securities	'
	MARKETABLE SECURITIES
	ASC 320 “Investments – Debt and Equity Securities” requires that an enterprise classify all debt securities as either held-to-maturity, trading or available-for-sale. The Company has elected to classify its securities as available-for-sale and therefore is required to adjust securities to fair value at each reporting date. All costs and both realized and unrealized gains and losses on securities are determined on a specific identification basis. The following is a summary of available-for-sale securities at:
	($ in thousands)			March 31, 2014								December 31, 2013
	Marketable Securities:	Fair		Cost				Estimated				Cost				Estimated
		Value						Fair								Fair
		Hierarchy						Value								Value
	Certificates of deposit
	with unrecognized losses for less than 12 months			$	1,362			$	1,345			$	1,690			$	1,677
	with unrecognized losses for more than 12 months			359				355				110				110
	with unrecognized gains			6,645				6,681				6,298				6,334
	Total Certificates of deposit	Level 1		8,366				8,381				8,098				8,121
	US Treasury and agency notes
	with unrecognized losses for less than 12 months			3,289				3,281				4,672				4,664
	with unrecognized losses for more than 12 months			1,702				1,699				1,699				1,694
	with unrecognized gains			4,581				4,621				3,713				3,760
	Total US Treasury and agency notes	Level 2		9,572				9,601				10,084				10,118
	Corporate notes
	with unrecognized losses for less than 12 months			4,105				4,076				7,270				7,192
	with unrecognized losses for more than 12 months			1,796				1,787				530				523
	with unrecognized gains			21,926				22,123				21,945				22,173
	Total Corporate notes	Level 2		27,827				27,986				29,745				29,888
	Municipal notes
	with unrecognized losses for less than 12 months			524				520				1,688				1,677
	with unrecognized losses for more than 12 months			249				247				318				316
	with unrecognized gains			6,133				6,184				5,267				5,316
	Total Municipal notes	Level 2		6,906				6,951				7,273				7,309
				$	52,671			$	52,919			$	55,200			$	55,436
	We evaluate our securities for other-than-temporary impairment based on the specific facts and circumstances surrounding each security valued below its cost. Factors considered include the length of time the securities have been valued below cost, the financial condition of the issuer, industry reports related to the issuer, the severity of any decline, our intention not to sell the security, and our assessment as to whether it is not more likely than not that we will be required to sell the security before a recovery of its amortized cost basis. We then segregate the loss between the amounts representing a decrease in cash flows expected to be collected, or the credit loss, which is recognized through earnings, and the balance of the loss which is recognized through other comprehensive income.
	At March 31, 2014, the fair market value of investment securities exceeded the cost basis by $248,000. The cost basis includes any other-than-temporary impairments that have been recorded for the securities. None have been recorded at March 31, 2014. The Company has determined that any unrealized losses in the portfolio are temporary as of March 31, 2014. The Company believes that market factors such as, changes in interest rates, liquidity discounts, and premiums required by market participants rather than an adverse change in cash flows or a fundamental weakness in credit quality of the issuer have led to the temporary declines in value. In the future based on changes in the economy, credit markets, financial condition of issuers, or market interest rates, this could change.
	As of March 31, 2014, the adjustment to accumulated other comprehensive income (loss) in consolidated equity for the temporary change in the value of securities reflects an increase in the market value of available-for-sale securities of $12,000, which includes estimated taxes of $4,000.
	As of March 31, 2014, the Company’s gross unrealized holding gains equal $324,000 and gross unrealized holding losses equal $76,000.
	The following tables summarize the maturities, at par, of marketable securities by year ($ in thousands):
	At March 31, 2014	2014				2015				2016				2017				2018		Total
	Certificates of deposit	$	1,437			$	4,213			$	1,501			$	731			$	409	$	8,291
	U.S. Treasury and agency notes	4,575				3,336				600				1,092				—		$	9,603
	Corporate notes	3,769				9,937				6,704				6,098				247		$	26,755
	Municipal notes	2,785				2,205				1,235				495				—		$	6,720
		$	12,566			$	19,691			$	10,040			$	8,416			$	656	$	51,369
	At December 31, 2013	2014				2015				2016				2017				Total
	Certificates of deposit	$	1,627			$	4,213			$	1,501			$	681			$	8,022
	U.S. Treasury and agency notes	5,485				3,336				600				692				$	10,113
	Corporate notes	6,729				10,037				6,704				5,174				$	28,644
	Municipal notes	3,325				2,205				1,235				295				$	7,060
		$	17,166			$	19,791			$	10,040			$	6,842			$	53,839
	The Company’s investments in corporate notes are with companies that have an investment grade rating from Standard & Poor’s.

Long_Term_Water_Assets

Long Term Water Assets	3 Months Ended
	Mar. 31, 2014
Long Term Water Assets [Abstract]	'
Long Term Water Assets	'
	LONG TERM WATER ASSETS
	Long term assets consist of water and water contracts held for future use or sale. The water is held at cost which includes the price paid for the water and the cost to pump and deliver the water. A portion of our water is currently held in a water bank on Company land in southern Kern County. Company banked water costs also include costs related to the right to receive additional acre feet of water in the future from the Antelope Valley East Kern Water Agency, or AVEK. The Company has also banked water within an AVEK owned water bank.
	In recent years we have also been purchasing water for our future use or sale. In 2008 we purchased 8,393 acre-feet of transferable water and in 2009 we purchased an additional 6,393 acre-feet of transferable water, all of which is currently held on our behalf by AVEK. We also have secured State Water Project, or SWP, entitlement under long-term SWP water contracts within the Tulare Lake Basin Water Storage District and the Dudley-Ridge Water District, totaling 3,444 acre-feet of SWP entitlement annually, subject to SWP allocations. These contracts extend through 2035. On November 6, 2013, the Company completed the acquisition of an assignment of a contract to purchase water from DMB Pacific, or DMB, that obligates the Company to purchase 6,693 acre feet of water each year from the Nickel Family, LLC, or Nickel, a California limited liability company that is located in Kern County. The aggregate purchase price was approximately $18,700,000 and was paid one-half in cash and one-half in shares of Company Common Stock. The number of shares of Common Stock delivered was determined based on the volume weighted average price of Common Stock for the ten trading days that ended two days prior to closing, which calculated to be 251,876 shares of Common Stock.
	This Nickel water purchase is similar to other transactions the Company has completed over the last several years as the Company has been building its water assets for internal needs as well as for investment purposes due to the tight water environment within California.
	The initial term of the water purchase agreement with Nickel runs through 2044 and includes a Company option to extend the contract for an additional 35 years. The purchase cost of water in 2014 was $656 per acre-foot. Purchase costs in 2015 and beyond are subject to annual cost increases based on the greater of the consumer price index and 3%.
	The water purchased will ultimately be used in the development of the Company’s land for commercial/industrial development, residential development, and farming. Interim uses may include the sale of portions of this water to third party users on an annual basis until the water is fully used for the Company’s internal uses.
	During the first quarter of 2014, we sold 6,000 acre feet of water totaling $7,390,000 with a cost of $4,388,000, which are recorded in income (expense) from water sales on the Unaudited Consolidated Statements of Operations.
	Water contracts with the Wheeler Ridge Maricopa Water Storage District, or WRMWSD, and the Tejon-Castac Water District, or TCWD, are also in place, but were entered into with each district at inception of the contract and not purchased later from third parties, and do not have a related financial value on the books of the Company. Therefore there is no amortization expense related to these contracts. Water assets consist of the following:
	(in acre feet, unaudited)	31-Mar-14			31-Dec-13
	Banked water and water for future delivery
	AVEK water bank	13,461			12,280
	Company water bank	8,700			8,818
	AVEK water for future delivery	2,362			2,362
	Total Company and AVEK banked water	24,523			23,460
	Transferable water with AVEK*	14,786			14,786
	Water Contracts	10,137			10,137
	Total purchased water - third parties	49,446			48,383
	WRMWSD - Contracts with Company	15,547			15,547
	TCWD - Contracts with Company	5,479			5,479
	TCWD - Banked water contracted to Company	42,685			42,685
	Total purchased and contracted water sources in acre feet	113,157			112,094
	*Any transferable water with AVEK that is used by the Company or returned by AVEK to the Company will be returned at a 1.5 to 1 factor giving the Company use of a total of 22,179 acre feet.
	($ in thousands)	March 31, 2014				31-Dec-13
	Banked water and water for future delivery	$	4,779			$	4,779
	Transferable water	8,988				8,988
	Water Contracts (net of accumulated amortization of $3,175 and $2,837 at March 31, 2014 and December 2013, respectively)	33,625				33,804
	Total long-term assets	47,392				47,571
	less: Current portion	(1,351		)		(817		)
		$	46,041			$	46,754

Accrued_Liabilities_and_Other

Accrued Liabilities and Other	3 Months Ended
	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Accrued Liabilities and Other	'
	ACCRUED LIABILITIES AND OTHER
	Accrued liabilities and other consists of the following:
	($ in thousands)	March 31, 2014		31-Dec-13
	Accrued vacation	$	702	$	673
	Accrued paid personal leave	608		619
	Accrued bonus	700		677
	Property tax payable	773		—
	Other	355		678
		$	3,138	$	2,647

Shortterm_and_Longterm_Debt

Short-term and Long-term Debt	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Short-term and Long-term Debt	'
	SHORT-TERM AND LONG-TERM DEBT
	Long-term debt consists of the following:
	($ in thousands)
		March 31, 2014			31-Dec-13
	Note payable to a bank	$	4,635		$	4,693
	Less current portion	(236		)	(234		)
		$	4,399		$	4,459
	The outstanding long-term debt is being used to provide long-term financing for commercial retail development within the Tejon Ranch Commerce Center, or TRCC-West. The balance of the long-term debt instrument listed above approximates the fair value of the instrument.
	We also have a long-term revolving line of credit of $30,000,000 that, as of March 31, 2014 and December 31, 2013, had no outstanding balance. At the Company’s option, the interest rate on this line of credit can float at 1.75% over a selected LIBOR rate or can be fixed at 1.50% above LIBOR for a fixed rate term. During the term of this credit facility (which matures in December 2016), we can borrow at any time and partially or wholly repay any outstanding borrowings and then re-borrow, as necessary. Under the terms of the line of credit, we must maintain tangible net worth, defined as total equity, including noncontrolling interest, plus debt less intangible assets, of not less than $225,000,000 and liquid assets of not less than $25,000,000, including the amount then available for borrowing under the line of credit. At March 31, 2014 our tangible net worth was $326,218,000 and liquid assets were $57,095,000 and including available line of credit total $87,095,000. A portion of our farm acreage secures this line of credit.

Stock_Compensation_Restricted_

Stock Compensation - Restricted Stock and Performance Share Grants	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock Compensation - Restricted Stock and Performance Share Grants	'
	STOCK COMPENSATION - RESTRICTED STOCK AND PERFORMANCE SHARE GRANTS
	The Company’s stock incentive plans provide for the making of awards to employees based upon time-based criteria or through the achievement of performance-related objectives. The Company has issued three types of stock grant awards under these plans: restricted stock with time-based vesting, performance share grants that only vest upon the achievement of specified performance conditions such as corporate cash flow goals; and performance share grants that include threshold, target, and maximum achievement levels based on the achievement of specific performance milestones.
	The following is a summary of the Company's performance share grants with performance conditions for the three months ended March 31, 2014:
	Performance Share Grants with Performance Conditions
	Below threshold performance		—
	Threshold performance		79,961
	Target performance		152,418
	Maximum performance		250,517
	The following is a summary of the Company’s stock grant activity, both time and performance share grants, assuming target achievement for outstanding performance share grants for the following periods:
		March 31, 2014			December 31, 2013
	Stock Grants Outstanding Beginning of the Year at Target Achievement	265,701			688,041
	New Stock Grants/Additional shares due to maximum achievement	138,485			192,348
	Vested Grants	(29,194	)		(361,886	)
	Expired/Forfeited Grants	(128,265	)		(252,802	)
	Stock Grants Outstanding March 31, 2014 at Target Achievement	246,727			265,701
	The following is a summary of the Company’s performance- and time-based share grants for the following periods:
		March 31, 2014			December 31, 2013
	Performance Share Grants	152,418			177,044
	Time Based Grants	94,309			88,657
	Stock Grants Outstanding March 31, 2014 at Target Achievement	246,727			265,701
	The unamortized cost associated with nonvested stock grants and the weighted-average period over which it is expected to be recognized as of March 31, 2014 was $6,166,000 and 30 months, respectively. The fair value of restricted stock with time-based vesting features is based upon the Company’s share price on the date of grant and is expensed over the service period. Fair value of performance share grants that cliff vest based on the achievement of performance conditions is based on the share price of the Company’s stock on the day of grant once the Company determines that it is probable that the award will vest. This fair value is expensed over the service period applicable to these grants. For performance share grants that contain a range of shares from zero to maximum we determine, based on historic and projected results, the probability of (1) achieving the performance objective, and (2) the level of achievement. Based on this information, we determine the fair value of the award and measure the expense over the service period related to these grants. Because the ultimate vesting of all performance share grants is tied to the achievement of a performance condition, we estimate whether the performance condition will be met and over what period of time. Ultimately, we adjust compensation cost according to the actual outcome of the performance condition.
	Beginning in the second half of 2013, the Compensation Committee of the Board of Directors, or the Board, conducted a compensation study prepared by an outside consultant that was completed during the first quarter of 2014. One of the outcomes of the compensation study was that the Board elected to modify selected outstanding and unvested performance share grants, or the existing performance milestone grants, and issue new milestone performance grants. The Company has assessed that it is probable that these new performance milestones will be met.
	As discussed above, the performance share grant approved by the Board in March 2014, included the modification of existing performance milestone grants totaling 133,890 restricted stock units and the issuance of new performance share grants totaling 89,837 restricted stock units. The restricted stock units of the modified existing performance milestone grants have been accounted for as probable-to-probable modification since the Company has determined that achieving the existing performance milestones was probable. The unamortized total cost relating to these probable-to-probable modified performance share grants is being recognized ratably over the new requisite service period. The impact of modifying the existing performance stock grants is an annual expense of $1,109,000 over the service period. The values for the 2014 performance grants, including the new milestone grants, are fixed at threshold, target and maximum performance, meaning that the amount of shares at vesting will vary depending on the stock price at that time. The total value for these grants at maximum performance is $5,789,000. These grants cannot be settled in cash and there are sufficient registered shares in the equity compensation plans to meet the delivery requirements.
	Under the Non-Employee Director Stock Incentive Plan, or NDSI Plan, each non-employee director receives his or her annual compensation in stock. The stock is granted at the end of each quarter based on the quarter ending stock price.
	The following table summarizes stock compensation costs for the Company's 1998 Stock Incentive Plan, or the Employee 1998 Plan, and NDSI Plan for the following periods:
			Three Months Ended				Three Months Ended
	Employee 1998 Plan:		March 31,				March 31,
			2014				2013
	Expensed		$	433,000			$	437,000
	Capitalized		31,000				131,000
			464,000				568,000
	NDSI Plan		185,000				192,000
			$	649,000			$	760,000
	During the first quarter of 2013 an executive officer of the Company resigned, which led to the Company reversing $485,000 of previously recognized stock compensation expense as the shares were forfeited upon leaving the Company.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	INCOME TAXES
	For the three months ended March 31, 2014, the Company incurred a net income tax expense of $541,000 compared to a net income tax expense of $147,000 for the three months ended March 31, 2013. These represent effective income tax rates of approximately 32% and 19% for the three months ended March 31, 2014 and, 2013, respectively. The effective tax rate for the first three months of 2014 is calculated based on forecasted annual net income for 2014 adjusted for estimated permanent tax differences such as oil depletion allowances. As of March 31, 2014, our balance sheet reflects an income tax receivable of $2,614,000 which is included in prepaid expenses and other current assets.
	The Company classifies interest and penalties incurred on tax payments as income tax expenses. During the first three months ended March 31, 2014, the Company had no income tax payments for the 2014 tax year.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	COMMITMENTS AND CONTINGENCIES
	The Company's land is subject to water contracts with minimum future annual payments of approximately $7,765,000 per year, based on payments due in 2014. These estimated water contract payments consist of State Water Project, or SWP, contracts with Wheeler Ridge Maricopa Water Storage District, Tejon-Castac Water District, Tulare Water Storage, and Dudley-Ridge Water Storage District. These contracts for the supply of future water run through 2035. The Tulare Water Storage and Dudley-Ridge Water Storage District SWP contracts have now been transferred to the Antelope Valley East Kern Water Storage District, or AVEK, for our use in the Antelope Valley. Future payments related to these contracts will be paid to AVEK beginning in 2014 and future years. As discussed in the 2013 Form 10-K Item 2 - Properties - Water Operations, we purchased the assignment of a contract to purchase water in late 2013. The assigned water contract is with Nickel Family, LLC, or Nickel, to purchase 6,693 acre-feet of water starting in 2014 and running through 2044.
	The Tejon Ranch Public Facilities Financing Authority, or TRPFFA, is a joint powers authority formed by Kern County and TCWD to finance public infrastructure within the Company’s Kern County developments. TRPFFA has created two Community Facilities Districts, or CFDs, the West CFD and the East CFD. The West CFD has placed liens on 420 acres of the Company’s land to secure payment of special taxes related to $28,620,000 of bond debt sold by TRPFFA for TRCC-West. The East CFD has placed liens on 1,931 acres of the Company’s land to secure payments of special taxes related to $39,750,000 of bond debt sold by TRPFFA for TRCC-East. At TRCC-West, the West CFD has no additional bond debt approved for issuance. At TRCC-East, the East CFD has approximately $80,250,000 of additional bond debt authorized by TRPFFA that can be sold in the future.
	In connection with the sale of bonds there is a standby letter of credit for $5,426,000 related to the issuance of East CFD bonds. The standby letter of credit is in place to provide additional credit enhancement and cover approximately two years worth of interest on the outstanding bonds. This letter of credit will not be drawn upon unless the Company, as the largest land owner in the CFD, fails to make its property tax payments. The Company believes that the letter of credit will never be drawn upon. The letter of credit is for two years and will be renewed in two-year intervals as necessary. The annual cost related to the letter of credit is approximately $83,000.
	The Company is obligated, as a landowner in each CFD, to pay its share of the special taxes assessed each year. The secured lands include both the TRCC-West and TRCC-East developments. Proceeds from the sale of West CFD bonds went to reimburse the Company for public infrastructure related to the TRCC West development. At this time there are no additional improvement funds remaining from the West CFD bonds and there are approximately $4,967,000 in improvement funds within the East CFD bonds for reimbursement of cost during 2014 and future years. During 2013, the Company paid approximately $886,000 in special taxes. As development continues to occur at TRCC, new owners of land and new lease tenants, through triple net leases, will bear an increasing portion of the assessed special tax. As this happens, the Company’s obligation is correspondingly reduced. This amount could change in the future based on the amount of bonds outstanding and the amount of taxes paid by others.
	Tejon Mountain Village
	On November 10, 2009, a suit was filed in the U.S. District Court for the Eastern District of California (Fresno division) by David Laughing Horse Robinson, or the plaintiff, an alleged representative of the federally-unrecognized "Kawaiisu Tribe" alleging, inter alia, that the Company does not hold legal title to the land within the TMV development that it seeks to develop. The grounds for the federal lawsuit were the subject of a United States Supreme Court decision in 1924 where the United States Supreme Court found against the Indian tribes. The suit named as defendants the Company, two affiliates (Tejon Mountain Village, LLC and Tejon Ranchcorp), the County of Kern, or the County, and Ken Salazar, in his capacity as U.S. Secretary of the Interior.
	The Company and other defendants filed motions to dismiss the plaintiff's complaint for failure to state a claim and lack of jurisdiction. On January 24, 2011, the Company received a ruling by Judge Wanger dismissing all claims against the Company, TMV, the County and Ken Salazar. However, the judge did grant a limited right by the plaintiff to amend certain causes of action in the complaint.
	During April, 2011, the plaintiff filed his second amended complaint against the Company, alleging similar items as in the original suit. The plaintiff filed new materials during July, 2011 related to his second amended complaint. Thereafter, the case was reassigned to Magistrate Judge McAuliffe. On January 18, 2012, Judge McAuliffe issued an order dismissing all claims in the plaintiff's second amended complaint for failure to state a cause of action and/or for lack of jurisdiction, but allowing the plaintiff one more opportunity to state certain land claims provided the plaintiff file an amended complaint on or before February 17, 2012. The court also indicated that it was considering dismissing the case due to the lack of federal recognition of the "Kawaiisu Tribe". The court then granted the plaintiff an extension until March 19, 2012 to file his third amended complaint.
	The plaintiff filed his third amended complaint on March 19, 2012. The defendants filed motions to dismiss all claims in the third amended complaint without further leave to amend on April 30, 2012. The plaintiff thereafter substituted in new counsel and with leave of court filed his opposition papers on June 8, 2012. The defendants filed their reply papers on June 22, 2012. Oral argument of the motions to dismiss the third amended complaint was conducted on July 20, 2012. On August 7, 2012, the court issued its Order dismissing all of Robinson's claims without leave to amend and with prejudice, on grounds of lack of jurisdiction and failure to state a claim.
	On September 24, 2012, Robinson (through another new counsel) filed a timely notice of appeal to the U.S. Court of Appeals for the Ninth Circuit. On September 26, 2012, the Court of Appeals issued its time schedule order calling for briefing to be completed by February, 2013. Robinson's brief was due to be filed on January 2, 2013. On February 26, 2013, the Ninth Circuit issued an order dismissing the appeal for failure to prosecute including failure to file an opening brief. Forty-five days later, Robinson's counsel filed a motion to reinstate the appeal. As an excuse Robinson’s new counsel offered that he overlooked the court of appeal's briefing schedule order and assumed that state court procedure would be followed. The motion to reinstate the appeal was accompanied by a proposed opening brief. In response, the Company and the County filed oppositions to the motion to reinstate the appeal. Despite objections by the Company and the County (in which the U.S. Department of Justice, or the DOJ, did not join), the Ninth Circuit granted Robinson's motion to reinstate, rejected the appeal of that reinstatement decision by the County and the Company, and set a due date of July 7, 2013 for the opposition briefs of the Company and the County to be filed. Thereafter, the DOJ and the County exercised their right to obtain an automatic 30-day extension to August 6, 2013, and the Company filed an unopposed motion (which the Ninth Circuit granted) extending the Company's date for its opposition brief to August 6, 2013 as well. Thereafter, the DOJ requested and obtained further extensions of time to file its answering brief, first to August 27, 2013, and finally to September 17, 2013. The Company filed its answering brief and supplemental excerpts of record on August 27, 2013. The County and DOJ both filed their answering briefs on September 17, 2013. Both the Company and the County (but not the DOJ) included in their answering briefs the argument that the Court of Appeal lacks jurisdiction to hear the appeal because the plaintiff did not show the required extraordinary good cause for his failure to file his opening briefs. The plaintiff filed a short reply brief on November 4, 2013. The matter is now fully briefed. The Ninth Circuit initially scheduled an oral argument to occur on Wednesday, May 14, 2014 but counsel for Robinson filed a motion to continue the argument due to a scheduling conflict. So far as we are aware, the Ninth Circuit has not yet set a revised oral argument date. In the meantime, the Company continues to believe that a negative outcome of this case is remote and the monetary impact of an adverse result, if any, cannot be estimated at this time.
	National Cement
	The Company leases land to National Cement Company of California Inc., or National, for the purpose of manufacturing Portland cement from limestone deposits on the leased acreage. The California Regional Water Quality Control Board, or RWQCB, for the Lahontan Region issued several orders in the late 1990s with respect to environmental conditions on the property currently leased to National:
	-1	Groundwater plume of chlorinated hydrocarbon compounds. This order directs the Company’s former tenant Lafarge Corporation, or Lafarge, the current tenant National, and the Company to, among other things, clean up groundwater contamination on the leased property. In 2003, Lafarge and National installed a groundwater pump-and-treat system to clean up the groundwater. The Company is advised that Lafarge and National continue to operate the cleanup system and will continue to do so over the near-term.
	-2	Cement kiln dust. National and Lafarge have consolidated, closed and capped cement kiln dust piles located on land leased from the Company. An order of the RWQCB directs National, Lafarge and the Company to maintain and monitor the effectiveness of the cap. Maintenance of the cap and groundwater monitoring remain as on-going activities.
	-3	Former industrial waste landfills. This order requires Lafarge, National and the Company to complete the cleanup of groundwater associated with the former industrial waste landfills. The Company is advised that the cleanup is complete. Lafarge continues to monitor the groundwater.
	-4	Diesel fuel. An order of the RWQCB directs Lafarge, National and the Company to clean up contamination from a diesel fuel tank and pipeline. The Company is advised that Lafarge and National have substantially completed the groundwater cleanup and that groundwater monitoring remains an on-going activity.
	To date, the Company is not aware of any failure by Lafarge or National to comply with the orders or informal requests of the RWQCB. Under current and prior leases, National and Lafarge are obligated to indemnify the Company for costs and liabilities arising directly or indirectly out of their use of the leased premises. The Company believes that all of the matters described above are included within the scope of the National or Lafarge indemnity obligations and that Lafarge and National have sufficient resources to perform any reasonably likely obligations relating to these matters. If they do not and the Company is required to perform the work at its own cost, it is unlikely that the amount of any such expenditure by the Company would be material.
	Antelope Valley Groundwater Cases
	On November 29, 2004, a conglomerate of public water suppliers filed a cross-complaint in the Los Angeles Superior Court seeking a judicial determination of the rights to groundwater within the Antelope Valley basin, including the groundwater underlying the Company’s land near the Centennial project. Four phases of a multi-phase trial have been completed. Upon completion of the third phase, the court ruled that the groundwater basin is currently in overdraft and established a current total sustainable yield. The fourth phase of trial occurred in first half 2013 and resulted in confirmation of each party’s groundwater pumping for 2011 and 2012. Phase 5 of the trial commenced in February, 2014, and concerned 1) whether the United States has a federal reserved water right to basin groundwater, and 2) the rights to return flows from imported water. The court heard evidence on the federal reserve right but continued the trial on the return flow issues while most of the parties to the adjudication discussed a settlement, including rights to return flows. Phase 6 of the trial concerning claims of prescriptive water rights is scheduled to commence in August, 2014, at which time the court will also consider preliminary approval of the proposed settlement. Because the settlement remains tentative and given the complex nature of the adjudication, at this time it is difficult to ascertain what the outcome of the court proceedings will be or whether an alternative settlement agreement will be reached and what effect, if any, this case may have on the Centennial project or the Company’s remaining lands in the Antelope Valley. Because the water supply plan for the Centennial project includes several sources of water in addition to groundwater underlying the Company’s lands, and because the creation of an efficient market for local water rights is frequently an outcome of adjudication proceedings, the Company remains hopeful that sufficient water to supply the Company's needs will continue to be available for its use regardless of the outcome of this case.
	Water Bank Lawsuits
	On June 3, 2010, the Central Delta and South Delta Water Agencies and several environmental groups, including the Center for Biological Diversity, filed a complaint in the Sacramento County Superior Court against the California Department of Water Resources (DWR), Kern County Water Agency and a number of “real parties in interest,” including the Company and TCWD. The lawsuit challenges certain amendments to the SWP contracts that were originally approved in 1995, known as the “Monterey Amendments.” The original Environmental Impact Report, or EIR, for the Monterey Amendments was determined to be insufficient in an earlier lawsuit.The current lawsuit principally (i) challenges the adequacy of the remedial EIR that DWR prepared as a result of the original lawsuit and (ii) challenges the validity of the Monterey Amendments on various grounds, including the transfer of the Kern Water Bank, or KWB, from DWR to Kern County Water Agency and in turn to the Kern Water Bank Authority (KWBA), whose members are various Kern and Kings County interests, including TCWD, which TCWD has a 2% interest in the KWBA. A parallel lawsuit was also filed by the same plaintiffs in Sacramento Superior Court against Kern County Water Agency, also naming the Company and TCWD as real parties in interest, which has been stayed pending the outcome of the other action against DWR. The Company is named on the ground that it “controls” TCWD. Another lawsuit was filed in Sacramento by two districts boarding the Kern Water Bank, namely Rosedale Rio Bravo and Buena Vista Water Storage Districts (Rosedale), which is before the same court, asserting that the remedial EIR did not adequately evaluate potential impacts arising from future operations of the Kern Water Bank, but this lawsuit did not name the Company, only TCWD. TCWD has a contract right for water stored in the KWB and rights to recharge and withdraw water. Counsel for the Company is pursuing a dismissal of the Company from these lawsuits. In an initial favorable ruling on January 25, 2013, Judge Frawley determined that the challenges to the validity of the Monterey Amendments, including the transfer of the KWB, were not timely and barred by the statutes of limitation and doctrine of latches. The substantive hearing on the challenges to the EIR was held on January 31, 2014. On March 5, 2014 the court issued a lengthy decision, rejecting all of Central Delta’s California Environmental Quality Act claims, except the claims of Rosedale’s that Central Delta essentially joined claiming the EIR was deficient in that it did not adequately evaluate future impacts on groundwater resulting from operation of the Kern Water Bank. Therefore DWR will be required to prepare a supplemental EIR on the issue of local groundwater impacts. On September 5, 2014 the court will hold a hearing on the remedy for the deficient EIR. We are uncertain as to whether this could result in some curtailment in future Kern Water Bank Authority operations. The monetary value of a potential adverse outcome on the claims likewise cannot be estimated at this time.

Retirement_Plans

Retirement Plans	3 Months Ended
	Mar. 31, 2014
Compensation and Retirement Disclosure [Abstract]	'
Retirement Plans	'
	RETIREMENT PLANS
	The Company has a defined benefit plan that covers many of its employees, or the Benefit Plan. The benefits are based on years of service and the employee’s five-year final average salary. Contributions are intended to provide for benefits attributable to service both to date and expected to be provided in the future. The Company funds the plan in accordance with the Employee Retirement Income Security Act of 1974 (ERISA) and the Pension Protection Act. The Company anticipates contributing approximately $600,000 to the plan during 2014.
	Plan assets consist of equity, debt and short-term money market investment funds. The plan’s current investment policy targets 65% equities, 25% debt and 10% money market funds. Equity and debt investment percentages are allowed to fluctuate plus or minus 20% around the respective targets to take advantage of market conditions. As an example, equities can fluctuate from 78% to 52% of plan assets. At March 31, 2014, the investment mix was approximately 60% equity, 34% debt, and 6% money market funds. At December 31, 2013, the investment mix was approximately 54% equity, 30% debt and 16% money market funds. Equity investments consist of a combination of individual equity securities plus value funds, growth funds, large cap funds and international stock funds. Debt investments consist of U.S. Treasury securities and investment grade corporate debt. The weighted-average discount rate and rate of increase in future compensation levels used in determining the periodic pension cost is 5.0% in 2014 and 2013. The expected long-term rate of return on plan assets is 7.5% in 2014 and 2013. The long-term rate of return on plan assets is based on the historical returns within the plan and expectations for future returns.
	The expected total pension and retirement expense for the Benefit Plan was as follows:
		Three Months Ended
		31-Mar
	($ in thousands)	2014			2013
	Cost components:
	Service cost-benefits earned during the period	$	(90	)	$	(71	)
	Interest cost on projected benefit obligation	(101		)	(94		)
	Expected return on plan assets	136			114
	Net amortization and deferral	(470		)	(48		)
	Total net periodic pension cost	$	(525	)	$	(99	)
	During the first quarter of 2014, the Company purchased annuities for eligible, retired participants of the defined benefit plan. The retirement benefits payments were of a size that met the requirement for settlement accounting within the pension plan. Based on the projected benefit obligation and the fair value of plan assets before and after the payment of benefits we realized a $392,000 increase in minimum pension liability and an increase in expense of $407,000 above our normal periodic pension cost.
	The Company has a Supplemental Executive Retirement Plan, or SERP, to restore to executives designated by the Compensation Committee of the Board of Directors the full benefits under the pension plan that would otherwise be restricted by certain limitations now imposed under the Internal Revenue Code. The SERP is currently unfunded. The expected total pension and retirement expense for SERP was as follows:
		Three Months Ended
		31-Mar
	($ in thousands)	2014			2013
	Cost components:
	Service cost-benefits earned during the period	$	(80	)	$	(43	)
	Interest cost on projected benefit obligation	(55		)	(54		)
	Net amortization and deferral	(57		)	(72		)
	Total net periodic pension cost	$	(192	)	$	(169	)

Business_Segments

Business Segments	3 Months Ended
	Mar. 31, 2014
Segment Reporting [Abstract]	'
Business Segments	'
	BUSINESS SEGMENTS
	We currently operate in four business segments: commercial/industrial real estate development; resort/residential real estate development; mineral resources; and farming.
	The revenue components of the commercial/industrial real estate segment for the three months ended March 31 are as follows:
	(In thousands)	2014			2013
	Commercial leases	$	1,863		$	1,659
	Grazing leases	368			374
	All other land management ancillary services	711			689
	Total revenue	2,942			2,722
	Equity in earnings of unconsolidated joint ventures	459			422
	Revenues and equity in earnings of unconsolidated joint ventures	$	3,401		$	3,144
	Commercial lease revenue consists of land and building leases to tenants at our commercial retail and industrial developments, base and percentage rents from our Calpine power plant lease, communication tower rents, and payments from easement leases. Land management ancillary services include wildlife management, landscape and property maintenance, and building management services.
	The resort/residential real estate development segment produces revenues from farming activities, such as hay sales, within the Centennial Founders, LLC and is actively involved in the land entitlement and pre-development process. The farming segment produces revenues from the sale of wine grapes, almonds and pistachios.
	The revenue components of the resort/residential real estate development segment for the three months ended March 31 are as follows:
	(In thousands)	2014			2013
	Hay sales - Centennial operations	$	266		$	158
	Management fees	90			78
	Other	3			1
	Total revenue	359			237
	Equity in earnings (losses) of unconsolidated joint ventures	(21		)	(13		)
	Revenues and equity in earnings of unconsolidated joint ventures	$	338		$	224
	The mineral resources segment receives oil and mineral and mining royalties from exploration and development companies that extract or mine the natural resources from our land. Revenues from our mineral resources segment decreased $602,000, or 21%, to $2,264,000 during 2014 compared to 2013, primarily due to a $514,000 decrease in oil royalty revenues. The 21% decrease in production was the result of the timing of completion of expanded production facilities and regulatory permitting management. In addition, the price per barrel of oil decreased by 4% to approximately $97 per barrel in 2014 from approximately $101 per barrel in 2013. During the first quarter of 2014, three new production wells were completed on our lands. These wells are still in the test phase and are expected to be put into production within the next quarter. The following table summarizes these activities for each of the three months ended March 31:
	($ in thousands)		2014			2013
	Oil and gas		$	1,740		$	2,254
	Rock aggregate		263			140
	Cement		205			160
	Land lease for oil exploration		56			312
	Total revenue		$	2,264		$	2,866

Investment_in_Unconsolidated_a

Investment in Unconsolidated and Consolidated Joint Ventures	3 Months Ended
	Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Investment in Unconsolidated and Consolidated Joint Ventures	'
	INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES
	The Company maintains investments in joint ventures. The Company accounts for its investments in unconsolidated joint ventures using the equity method of accounting unless the venture is a variable interest entity, or VIE, and meets the requirements for consolidation. The Company’s investment in its unconsolidated joint ventures at March 31, 2014 was $69,467,000. The equity in the income of the unconsolidated joint ventures was $438,000 for the three months ended March 31, 2014. The unconsolidated joint ventures have not been consolidated as of March 31, 2014, because the Company does not control the investments. The Company’s current joint ventures are as follows:
	•	Petro Travel Plaza Holdings LLC – TA/Petro is an unconsolidated joint venture with TravelCenters of America, LLC for the development and management of travel plazas and convenience stores. The Company has 50% voting rights and shares 60% of profit and losses in this joint venture. It houses multiple commercial eating establishments as well as diesel and gasoline operations in TRCC. The Company does not control the investment due to its having only 50% voting rights, and because our partner in the joint venture is the managing partner and performs all of the day-to-day operations and has significant decision making authority regarding key business components such as fuel inventory and pricing at the facility. At March 31, 2014, the Company had an equity investment balance of $12,111,000 in this joint venture.
	•	Tejon Mountain Village LLC - Tejon Mountain Village LLC, or TMV LLC, is an unconsolidated joint venture between the Company and DMB Pacific LLC formed to obtain all necessary government entitlement approvals and to develop the Tejon Mountain Village project. The Company has 50% voting rights and shares 50% of profit and losses in this venture. The joint venture agreement provides that cash distributions will follow defined distribution levels and be distributed quarterly to the Company and DMB in an amount proportional to capital contributed at each distribution level, some of which are not equal. For additional information please refer to the filed TMV LLC agreement and amendments listed as exhibits under Part II, Item 6 of this report and the description of this agreement in our Form 10K/A for fiscal year ended December 31, 2013. At March 31, 2014, the Company’s equity investment balance in this joint venture was $44,278,000.
	•	Rockefeller Joint Ventures – The Company has multiple joint ventures with Rockefeller Group Development Corporation or Rockefeller. Two joint ventures are for the development of buildings on approximately 91 acres and are part of an agreement for the potential development of up to 500 acres of land in TRCC including pursuing Foreign Trade Zone, or FTZ, designation and development of the property within the FTZ for warehouse distribution and light manufacturing. The Company owns a 50% interest in each of the joint ventures. Currently the Five West Parcel LLC joint venture owns and leases a 606,000 square foot building. The Five-West Parcel joint venture currently has an outstanding loan with a balance of $11,000,000. The note is due in 2015 and is fully secured by the building as well as guarantees from each partner. We do not believe the bank will call on the guarantees provided. The second of these joint ventures, 18-19 West LLC, was formed in August 2009 through the contribution of 61.5 acres of land by the Company, which is being held for future development.
	During the second quarter of 2013, we entered into a new joint venture with Rockefeller, the TRCC/Rock Outlet Center LLC joint venture, to develop, own, and manage a 326,000 square foot outlet center on land at TRCC-East. This outlet center is estimated to cost approximately $86 million to construct and will be funded through a construction loan for up to 60% of the costs and equity from the members. This joint venture is separate from the above agreement to develop up to 500 acres of land in TRCC. During the second quarter of 2013, we contributed land and other assets at an agreed value of $10,558,000 for our capital contribution ($2,159,000 at cost) and Rockefeller matched our capital contribution with cash. Rockefeller also reimbursed the Company for $335,000 in outlet center marketing costs, which were offset against the Company's equity in losses for the TRCC/Rock Outlet Center LLC joint venture. During the fourth quarter of 2013, the TRCC/Rock Outlet Center LLC joint venture entered into a construction line of credit agreement with a financial institution for $52,000,000 that, as of March 31, 2014, had an outstanding balance of $5,209,000.
	At March 31, 2014, the Company’s combined equity investment balance in these three joint ventures was $13,078,000.
	•	Centennial Founders, LLC – Centennial Founders, LLC is a joint venture with Pardee Homes, Lewis Investment Company, and Standard Pacific Corp. that was organized to pursue the entitlement and development of land that the Company owns in Los Angeles County. Based on the Second Amended and Restated Limited Company Agreement of Centennial Founders, LLC and the change in control and funding that resulted from the amended agreement, Centennial Founders, LLC qualified as a VIE, beginning in the third quarter of 2009 and the Company was determined to be the primary beneficiary. As a result, Centennial Founders, LLC has been consolidated into our financial statements beginning in that quarter. Our partners retained a noncontrolling interest in the joint venture. At March 31, 2014 the Company had a 73.21% ownership position in Centennial Founders, LLC.
	The Company’s investment balance in its unconsolidated joint ventures differs from its respective capital accounts in the respective joint ventures. The differential represents the difference between the cost basis of assets contributed by the Company and the agreed upon contribution value of the assets contributed.
	Unaudited condensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of March 31, 2014 and December 31, 2013 and unaudited condensed statements of operations for the three months ended March 31, 2014 and March 31, 2013 are as follows:
	Statement of Operations for the three months ended March 31, 2014
			UNCONSOLIDATED																				CONSOLIDATED
	($ in thousands)		Petro Travel			Five West Parcel			18-19 West			TRCC/Rock Outlet Center				Tejon Mountain Village				Total			Centennial-VIE
			Plaza						LLC
			Holdings
	Revenues		$	25,053		$	844		$	16		$	—			$	—			$	25,913		$	269
	Net income (loss)		$	998		$	59		$	5		$	(344	)		$	(42	)		$	676		$	68
	Partner’s share of net income (loss)		$	399		$	30		$	2		$	(172	)		$	(21	)		$	238		$	18
	Equity in earnings (losses)		$	599		$	29		$	3		$	(172	)		$	(21	)		$	438		$	—
	Balance Sheet Information as of March 31, 2014
		UNCONSOLIDATED																				CONSOLIDATED
	($ in thousands)	Petro Travel			Five West Parcel			18-19 West LLC			TRCC/Rock Outlet Center				Tejon Mountain Village				Total			Centennial-VIE
		Plaza
		Holdings
	Current assets	$	16,123		$	1,329		$	41		$	2,660			$	211			$	20,364		$	524
	Property and equipment, net	43,956			16,452			4,527			43,459				100,459				208,853			75,646
	Other assets	198			341			—			4,841				—				5,380			—
	Long-term debt	(16,400		)	(11,000		)	—			(5,209		)		—				(32,609		)	—
	Other liabilities	(3,028		)	(175		)	(23		)	(13,449		)		(338		)		(17,013		)	(477		)
	Net assets	$	40,849		$	6,947		$	4,545		$	32,302			$	100,332			$	184,975		$	75,693
	Statement of Operations for the three months ended March 31, 2013
			UNCONSOLIDATED																	CONSOLIDATED
	($ in thousands)		Petro Travel			Five			18-19			Tejon Mountain Village				Total				Centennial
			Plaza			West			West
			Holdings			Parcel
	Revenues		$	26,474		$	846		$	14		$	—			$	27,334			$	158
	Net income (loss)		$	650		$	55		$	10		$	(26	)		$	689			$	51
	Partner’s share of net income (loss)		$	260		$	28		$	5		$	(13	)		$	280			$	15
	Equity in earnings (losses)		$	390		$	27		$	5		$	(13	)		$	409			$	—
	Balance Sheet Information as of December 31, 2013
		UNCONSOLIDATED																				CONSOLIDATED
	($ in thousands)	Petro Travel			Five West Parcel			18-19 West			TRCC/Rock Outlet Center				Tejon Mountain Village				Total			Centennial-VIE
		Plaza						LLC
		Holdings
	Current assets	$	14,886		$	813		$	10		$	2,428			$	99,690			$	117,827		$	86
	Property and equipment, net	43,897			16,980			4,514			24,633				—				90,024			74,968
	Other assets	208			438			—			2,161				—				2,807			—
	Long-term debt	(16,602		)	(11,000		)	—			—				—				(27,602		)	—
	Other liabilities	(2,687		)	(343		)	—			(8,577		)		(168		)		(11,775		)	(204		)
	Net assets	$	39,702		$	6,888		$	4,524		$	20,645			$	99,522			$	171,281		$	74,850

Equity_Tables

Equity (Tables)	3 Months Ended
	Mar. 31, 2014
Stockholders' Equity Note [Abstract]	'
Schedule of weighted average number of shares outstanding	'
	Diluted net income (loss) per share attributable to common stockholders is based upon the weighted-average number of shares of common stock outstanding and the weighted-average number of shares outstanding assuming the issuance of common stock upon exercise of stock options, warrants to purchase common stock, and the vesting of restricted stock grants per ASC 260, “Earnings Per Share.”
		Three Months Ended
		31-Mar
		2014	2013
	Weighted average number of shares outstanding:
	Common stock	20,568,270	20,100,115
	Common stock equivalents-stock options, grants	38,218	15,327
	Diluted shares outstanding	20,606,488	20,115,442

Marketable_Securities_Tables

Marketable Securities (Tables)	3 Months Ended
	Mar. 31, 2014
Investments, Debt and Equity Securities [Abstract]	'
Summary of available-for-sale securities	'
	The following is a summary of available-for-sale securities at:
	($ in thousands)			March 31, 2014								December 31, 2013
	Marketable Securities:	Fair		Cost				Estimated				Cost				Estimated
		Value						Fair								Fair
		Hierarchy						Value								Value
	Certificates of deposit
	with unrecognized losses for less than 12 months			$	1,362			$	1,345			$	1,690			$	1,677
	with unrecognized losses for more than 12 months			359				355				110				110
	with unrecognized gains			6,645				6,681				6,298				6,334
	Total Certificates of deposit	Level 1		8,366				8,381				8,098				8,121
	US Treasury and agency notes
	with unrecognized losses for less than 12 months			3,289				3,281				4,672				4,664
	with unrecognized losses for more than 12 months			1,702				1,699				1,699				1,694
	with unrecognized gains			4,581				4,621				3,713				3,760
	Total US Treasury and agency notes	Level 2		9,572				9,601				10,084				10,118
	Corporate notes
	with unrecognized losses for less than 12 months			4,105				4,076				7,270				7,192
	with unrecognized losses for more than 12 months			1,796				1,787				530				523
	with unrecognized gains			21,926				22,123				21,945				22,173
	Total Corporate notes	Level 2		27,827				27,986				29,745				29,888
	Municipal notes
	with unrecognized losses for less than 12 months			524				520				1,688				1,677
	with unrecognized losses for more than 12 months			249				247				318				316
	with unrecognized gains			6,133				6,184				5,267				5,316
	Total Municipal notes	Level 2		6,906				6,951				7,273				7,309
				$	52,671			$	52,919			$	55,200			$	55,436
Summary of maturities, at par, of marketable securities by year	'
	The following tables summarize the maturities, at par, of marketable securities by year ($ in thousands):
	At March 31, 2014	2014				2015				2016				2017				2018		Total
	Certificates of deposit	$	1,437			$	4,213			$	1,501			$	731			$	409	$	8,291
	U.S. Treasury and agency notes	4,575				3,336				600				1,092				—		$	9,603
	Corporate notes	3,769				9,937				6,704				6,098				247		$	26,755
	Municipal notes	2,785				2,205				1,235				495				—		$	6,720
		$	12,566			$	19,691			$	10,040			$	8,416			$	656	$	51,369
	At December 31, 2013	2014				2015				2016				2017				Total
	Certificates of deposit	$	1,627			$	4,213			$	1,501			$	681			$	8,022
	U.S. Treasury and agency notes	5,485				3,336				600				692				$	10,113
	Corporate notes	6,729				10,037				6,704				5,174				$	28,644
	Municipal notes	3,325				2,205				1,235				295				$	7,060
		$	17,166			$	19,791			$	10,040			$	6,842			$	53,839

Long_Term_Water_Assets_Tables

Long Term Water Assets (Tables)	3 Months Ended
	Mar. 31, 2014
Long Term Water Assets [Abstract]	'
Components of water assets	'
	Water assets consist of the following:
	(in acre feet, unaudited)	31-Mar-14			31-Dec-13
	Banked water and water for future delivery
	AVEK water bank	13,461			12,280
	Company water bank	8,700			8,818
	AVEK water for future delivery	2,362			2,362
	Total Company and AVEK banked water	24,523			23,460
	Transferable water with AVEK*	14,786			14,786
	Water Contracts	10,137			10,137
	Total purchased water - third parties	49,446			48,383
	WRMWSD - Contracts with Company	15,547			15,547
	TCWD - Contracts with Company	5,479			5,479
	TCWD - Banked water contracted to Company	42,685			42,685
	Total purchased and contracted water sources in acre feet	113,157			112,094
	*Any transferable water with AVEK that is used by the Company or returned by AVEK to the Company will be returned at a 1.5 to 1 factor giving the Company use of a total of 22,179 acre feet.
	($ in thousands)	March 31, 2014				31-Dec-13
	Banked water and water for future delivery	$	4,779			$	4,779
	Transferable water	8,988				8,988
	Water Contracts (net of accumulated amortization of $3,175 and $2,837 at March 31, 2014 and December 2013, respectively)	33,625				33,804
	Total long-term assets	47,392				47,571
	less: Current portion	(1,351		)		(817		)
		$	46,041			$	46,754

Accrued_Liabilities_and_Other_

Accrued Liabilities and Other (Tables)	3 Months Ended
	Mar. 31, 2014
Payables and Accruals [Abstract]	'
Schedule of Accrued Liabilities	'
	Accrued liabilities and other consists of the following:
	($ in thousands)	March 31, 2014		31-Dec-13
	Accrued vacation	$	702	$	673
	Accrued paid personal leave	608		619
	Accrued bonus	700		677
	Property tax payable	773		—
	Other	355		678
		$	3,138	$	2,647

Shortterm_and_Longterm_Debt_Ta

Short-term and Long-term Debt (Tables)	3 Months Ended
	Mar. 31, 2014
Debt Disclosure [Abstract]	'
Components of long-term debt	'
	Long-term debt consists of the following:
	($ in thousands)
		March 31, 2014			31-Dec-13
	Note payable to a bank	$	4,635		$	4,693
	Less current portion	(236		)	(234		)
		$	4,399		$	4,459

Stock_Compensation_Restricted_1

Stock Compensation - Restricted Stock and Performance Share Grants (Tables)	3 Months Ended
	Mar. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Summary of performance share grants with performance conditions	'
	The following is a summary of the Company's performance share grants with performance conditions for the three months ended March 31, 2014:
	Performance Share Grants with Performance Conditions
	Below threshold performance		—
	Threshold performance		79,961
	Target performance		152,418
	Maximum performance		250,517
Summary of stock grant activity	'
	The following is a summary of the Company’s stock grant activity, both time and performance share grants, assuming target achievement for outstanding performance share grants for the following periods:
		March 31, 2014			December 31, 2013
	Stock Grants Outstanding Beginning of the Year at Target Achievement	265,701			688,041
	New Stock Grants/Additional shares due to maximum achievement	138,485			192,348
	Vested Grants	(29,194	)		(361,886	)
	Expired/Forfeited Grants	(128,265	)		(252,802	)
	Stock Grants Outstanding March 31, 2014 at Target Achievement	246,727			265,701
Schedule of Share-based Payment Award, Performance and Time-based Share Grants	'
	The following is a summary of the Company’s performance- and time-based share grants for the following periods:
		March 31, 2014			December 31, 2013
	Performance Share Grants	152,418			177,044
	Time Based Grants	94,309			88,657
	Stock Grants Outstanding March 31, 2014 at Target Achievement	246,727			265,701
Summary of stock compensation costs for Employee and NDSI Plans	'
	The following table summarizes stock compensation costs for the Company's 1998 Stock Incentive Plan, or the Employee 1998 Plan, and NDSI Plan for the following periods:
			Three Months Ended				Three Months Ended
	Employee 1998 Plan:		March 31,				March 31,
			2014				2013
	Expensed		$	433,000			$	437,000
	Capitalized		31,000				131,000
			464,000				568,000
	NDSI Plan		185,000				192,000
			$	649,000			$	760,000

Retirement_Plans_Tables

Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2014
Pension plan	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'
Components of net periodic pension cost	'
	The expected total pension and retirement expense for the Benefit Plan was as follows:
		Three Months Ended
		31-Mar
	($ in thousands)	2014			2013
	Cost components:
	Service cost-benefits earned during the period	$	(90	)	$	(71	)
	Interest cost on projected benefit obligation	(101		)	(94		)
	Expected return on plan assets	136			114
	Net amortization and deferral	(470		)	(48		)
	Total net periodic pension cost	$	(525	)	$	(99	)
SERP	'
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]	'
Components of net periodic pension cost	'
	The expected total pension and retirement expense for SERP was as follows:
		Three Months Ended
		31-Mar
	($ in thousands)	2014			2013
	Cost components:
	Service cost-benefits earned during the period	$	(80	)	$	(43	)
	Interest cost on projected benefit obligation	(55		)	(54		)
	Net amortization and deferral	(57		)	(72		)
	Total net periodic pension cost	$	(192	)	$	(169	)

Business_Segments_Tables

Business Segments (Tables)	3 Months Ended
	Mar. 31, 2014
Real estate - commercial/industrial	'
Segment Reporting Information [Line Items]	'
Components of segment revenues	'
	The revenue components of the commercial/industrial real estate segment for the three months ended March 31 are as follows:
	(In thousands)	2014			2013
	Commercial leases	$	1,863		$	1,659
	Grazing leases	368			374
	All other land management ancillary services	711			689
	Total revenue	2,942			2,722
	Equity in earnings of unconsolidated joint ventures	459			422
	Revenues and equity in earnings of unconsolidated joint ventures	$	3,401		$	3,144
Real estate - resort/residential	'
Segment Reporting Information [Line Items]	'
Components of segment revenues	'
	The revenue components of the resort/residential real estate development segment for the three months ended March 31 are as follows:
	(In thousands)	2014			2013
	Hay sales - Centennial operations	$	266		$	158
	Management fees	90			78
	Other	3			1
	Total revenue	359			237
	Equity in earnings (losses) of unconsolidated joint ventures	(21		)	(13		)
	Revenues and equity in earnings of unconsolidated joint ventures	$	338		$	224
Mineral resources	'
Segment Reporting Information [Line Items]	'
Components of segment revenues	'
	The following table summarizes these activities for each of the three months ended March 31:
	($ in thousands)		2014			2013
	Oil and gas		$	1,740		$	2,254
	Rock aggregate		263			140
	Cement		205			160
	Land lease for oil exploration		56			312
	Total revenue		$	2,264		$	2,866

Investment_in_Unconsolidated_a1

Investment in Unconsolidated and Consolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2014
Equity Method Investments and Joint Ventures [Abstract]	'
Condensed statements of operations and balance sheet information of consolidated and unconsolidated joint ventures	'
	ondensed balance sheet information of the Company’s unconsolidated and consolidated joint ventures as of March 31, 2014 and December 31, 2013 and unaudited condensed statements of operations for the three months ended March 31, 2014 and March 31, 2013 are as follows:
	Statement of Operations for the three months ended March 31, 2014
			UNCONSOLIDATED																				CONSOLIDATED
	($ in thousands)		Petro Travel			Five West Parcel			18-19 West			TRCC/Rock Outlet Center				Tejon Mountain Village				Total			Centennial-VIE
			Plaza						LLC
			Holdings
	Revenues		$	25,053		$	844		$	16		$	—			$	—			$	25,913		$	269
	Net income (loss)		$	998		$	59		$	5		$	(344	)		$	(42	)		$	676		$	68
	Partner’s share of net income (loss)		$	399		$	30		$	2		$	(172	)		$	(21	)		$	238		$	18
	Equity in earnings (losses)		$	599		$	29		$	3		$	(172	)		$	(21	)		$	438		$	—
	Balance Sheet Information as of March 31, 2014
		UNCONSOLIDATED																				CONSOLIDATED
	($ in thousands)	Petro Travel			Five West Parcel			18-19 West LLC			TRCC/Rock Outlet Center				Tejon Mountain Village				Total			Centennial-VIE
		Plaza
		Holdings
	Current assets	$	16,123		$	1,329		$	41		$	2,660			$	211			$	20,364		$	524
	Property and equipment, net	43,956			16,452			4,527			43,459				100,459				208,853			75,646
	Other assets	198			341			—			4,841				—				5,380			—
	Long-term debt	(16,400		)	(11,000		)	—			(5,209		)		—				(32,609		)	—
	Other liabilities	(3,028		)	(175		)	(23		)	(13,449		)		(338		)		(17,013		)	(477		)
	Net assets	$	40,849		$	6,947		$	4,545		$	32,302			$	100,332			$	184,975		$	75,693
	Statement of Operations for the three months ended March 31, 2013
			UNCONSOLIDATED																	CONSOLIDATED
	($ in thousands)		Petro Travel			Five			18-19			Tejon Mountain Village				Total				Centennial
			Plaza			West			West
			Holdings			Parcel
	Revenues		$	26,474		$	846		$	14		$	—			$	27,334			$	158
	Net income (loss)		$	650		$	55		$	10		$	(26	)		$	689			$	51
	Partner’s share of net income (loss)		$	260		$	28		$	5		$	(13	)		$	280			$	15
	Equity in earnings (losses)		$	390		$	27		$	5		$	(13	)		$	409			$	—
	Balance Sheet Information as of December 31, 2013
		UNCONSOLIDATED																				CONSOLIDATED
	($ in thousands)	Petro Travel			Five West Parcel			18-19 West			TRCC/Rock Outlet Center				Tejon Mountain Village				Total			Centennial-VIE
		Plaza						LLC
		Holdings
	Current assets	$	14,886		$	813		$	10		$	2,428			$	99,690			$	117,827		$	86
	Property and equipment, net	43,897			16,980			4,514			24,633				—				90,024			74,968
	Other assets	208			438			—			2,161				—				2,807			—
	Long-term debt	(16,602		)	(11,000		)	—			—				—				(27,602		)	—
	Other liabilities	(2,687		)	(343		)	—			(8,577		)		(168		)		(11,775		)	(204		)
	Net assets	$	39,702		$	6,888		$	4,524		$	20,645			$	99,522			$	171,281		$	74,850

Equity_Earnings_Per_Share_EPS_

Equity - Earnings Per Share (EPS) (Details)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Weighted Average Number of Shares Outstanding, Diluted [Abstract]	'	'
Common stock	20,568,270	20,100,115
Common stock equivalents-stock options, grants	38,218	15,327
Diluted shares outstanding	20,606,488	20,115,442

Equity_Equity_Method_Investmen

Equity - Equity Method Investments (Details) (USD $)	0 Months Ended
	Aug. 07, 2013	Mar. 31, 2014	Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]	'	'	'
Common stock, par value per share	$0.50	$0.50	$0.50
Ratio of Common Stock to Warrant	0.14771	'	'
Warrant [Member]	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Class of Warrant or Right, Exercise Price of Warrants or Rights	40	'	'
Class of Warrant or Right, Number of Securities Called by Warrants or Rights	3,000,000	'	'

Marketable_Securities_Summary_

Marketable Securities - Summary of Available-for-sale Securities (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Summary of available-for-sale securities	'	'
Available-for-sale securities, Cost	$52,671	$55,200
Available-for-sale securities, Estimated Fair Value	52,919	55,436
Level 1 | Certificates of deposit	'	'
Summary of available-for-sale securities	'	'
Unrecognized losses for less than 12 months, Cost	1,362	1,690
Unrecognized losses for less than 12 months, Estimated Fair value	1,345	1,677
Unrecognized losses for more than 12 months, Cost	359	110
Unrecognized losses for more than 12 months, Estimated Fair value	355	110
Unrecognized gains, Cost	6,645	6,298
Unrecognized gains, Estimated Fair value	6,681	6,334
Available-for-sale securities, Cost	8,366	8,098
Available-for-sale securities, Estimated Fair Value	8,381	8,121
Level 2 | U.S. Treasury and agency notes	'	'
Summary of available-for-sale securities	'	'
Unrecognized losses for less than 12 months, Cost	3,289	4,672
Unrecognized losses for less than 12 months, Estimated Fair value	3,281	4,664
Unrecognized losses for more than 12 months, Cost	1,702	1,699
Unrecognized losses for more than 12 months, Estimated Fair value	1,699	1,694
Unrecognized gains, Cost	4,581	3,713
Unrecognized gains, Estimated Fair value	4,621	3,760
Available-for-sale securities, Cost	9,572	10,084
Available-for-sale securities, Estimated Fair Value	9,601	10,118
Level 2 | Corporate notes	'	'
Summary of available-for-sale securities	'	'
Unrecognized losses for less than 12 months, Cost	4,105	7,270
Unrecognized losses for less than 12 months, Estimated Fair value	4,076	7,192
Unrecognized losses for more than 12 months, Cost	1,796	530
Unrecognized losses for more than 12 months, Estimated Fair value	1,787	523
Unrecognized gains, Cost	21,926	21,945
Unrecognized gains, Estimated Fair value	22,123	22,173
Available-for-sale securities, Cost	27,827	29,745
Available-for-sale securities, Estimated Fair Value	27,986	29,888
Level 2 | Municipal notes	'	'
Summary of available-for-sale securities	'	'
Unrecognized losses for less than 12 months, Cost	524	1,688
Unrecognized losses for less than 12 months, Estimated Fair value	520	1,677
Unrecognized losses for more than 12 months, Cost	249	318
Unrecognized losses for more than 12 months, Estimated Fair value	247	316
Unrecognized gains, Cost	6,133	5,267
Unrecognized gains, Estimated Fair value	6,184	5,316
Available-for-sale securities, Cost	6,906	7,273
Available-for-sale securities, Estimated Fair Value	$6,951	$7,309

Marketable_Securities_Availabl

Marketable Securities - Available-for-sale Securities by Maturities (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Summary of maturities, at par, of marketable securities	'	'
2014	$12,566	$17,166
2015	19,691	19,791
2016	10,040	10,040
2017	8,416	6,842
Available for Sale Securities Maturities, Year Five, at Par	656	'
Total	51,369	53,839
Certificates of deposit	'	'
Summary of maturities, at par, of marketable securities	'	'
2014	1,437	1,627
2015	4,213	4,213
2016	1,501	1,501
2017	731	681
Available for Sale Securities Maturities, Year Five, at Par	409	'
Total	8,291	8,022
U.S. Treasury and agency notes	'	'
Summary of maturities, at par, of marketable securities	'	'
2014	4,575	5,485
2015	3,336	3,336
2016	600	600
2017	1,092	692
Available for Sale Securities Maturities, Year Five, at Par	0	'
Total	9,603	10,113
Corporate notes	'	'
Summary of maturities, at par, of marketable securities	'	'
2014	3,769	6,729
2015	9,937	10,037
2016	6,704	6,704
2017	6,098	5,174
Available for Sale Securities Maturities, Year Five, at Par	247	'
Total	26,755	28,644
Municipal notes	'	'
Summary of maturities, at par, of marketable securities	'	'
2014	2,785	3,325
2015	2,205	2,205
2016	1,235	1,235
2017	495	295
Available for Sale Securities Maturities, Year Five, at Par	0	'
Total	$6,720	$7,060

Marketable_Securities_Addition

Marketable Securities - Additional Information (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Schedule of Available-for-sale Securities [Line Items]	'	'
Fair market value of investment securities exceeds cost basis	$248,000	'
Other-than-temporary impairments recorded for securities	0	'
Changes in unrealized gains on available for sale securities, taxes	12,000	-43,000
Estimated taxes of change in value of available-for-sale securities	4,000	'
Gross unrealized holding gains	324,000	'
Gross unrealized holding losses	$76,000	'

Long_Term_Water_Assets_Future_

Long Term Water Assets - Future Amortization (Details) (SWP contracts, USD $)	Mar. 31, 2014
In Thousands, unless otherwise specified
SWP contracts	'
Long Lived Assets Held For Sale [Line Items]	'
Water contract future amortization (Year 1)	$1,351
Water contract future amortization (Year 2)	1,351
Water contract future amortization (Year 3)	1,351
Water contract future amortization (Year 4)	1,351
Water contract future amortization (Year 5)	$1,351

Long_Term_Water_Assets_Volume_

Long Term Water Assets - Volume of Water Assets (Details) (USD $)

3 Months Ended

12 Months Ended

3 Months Ended

3 Months Ended

12 Months Ended

3 Months Ended

In Thousands, except Share data, unless otherwise specified

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2009

Dec. 31, 2008

Dec. 31, 2009

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Sep. 30, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

aft

aft

DMB

DMB

AVEK

AVEK

AVEK

AVEK

SWP contracts

Wheeler Ridge Maricopa Water Storage District

Wheeler Ridge Maricopa Water Storage District

Tejon-Castac Water District

Tejon-Castac Water District

Transferable water

Transferable water

Common Stock

Common Stock

Maximum

aft

aft

aft

aft

aft

aft

aft

aft

aft

aft

DMB

DMB

aft

Long-term Water Assets [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock issued for water purchase (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

251,876

251,876

'

Long Term Water Assets, Contract Renewal Optional Term

'

'35 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cost of Purchased Water, Area

'

'

'

656

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long Term Water Assets, Purchased, Annual Fee Increase, Percent

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.00%

Water Sold (Volume)

6,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Water Assets Sales Price

$7,390

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cost of Purchased Water

$4,388

'

'

'

$18,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Banked water and water for future delivery

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

AVEK water bank

'

'

'

'

'

13,461

12,280

6,393

8,393

'

'

'

'

'

'

'

'

'

'

Company water bank

'

'

'

'

'

8,700

8,818

'

'

'

'

'

'

'

'

'

'

'

'

AVEK water for future delivery

'

'

'

'

'

2,362

2,362

'

'

3,444

'

'

'

'

'

'

'

'

'

Banked water and water for future delivery

'

'

'

'

'

24,523

23,460

'

'

'

'

'

42,685

42,685

'

'

'

'

'

Transferable water with AVEK

'

'

'

'

'

14,786

[1]

14,786

[1]

'

'

'

'

'

'

'

'

'

'

'

'

Water Contracts

10,137

10,137

'

'

'

'

'

'

'

'

15,547

15,547

5,479

5,479

'

'

'

'

'

Water assets

49,446

48,383

'

'

'

'

'

'

'

'

'

'

'

'

22,179

6,693

'

'

'

Total purchased and contracted water sources in acre feet

113,157

112,094

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transferable water with AVEK multiple

'

'

1.5

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

[1]

Any transferable water with AVEK that is used by the Company or returned by AVEK to the Company will be returned at a 1.5 to 1 factor giving the Company use of a total of 22,179 acre feet.

Long_Term_Water_Assets_Value_o

Long Term Water Assets - Value of Water Assets (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Components of water assets	'	'
Total long-term assets	$47,392	$47,571
less: Current portion	-1,351	-817
Long-term water assets	46,041	46,754
Banked water and water for future delivery	'	'
Components of water assets	'	'
Total long-term assets	4,779	4,779
Transferable water	'	'
Components of water assets	'	'
Total long-term assets	8,988	8,988
SWP contracts	'	'
Components of water assets	'	'
Total long-term assets	33,625	33,804
Accumulated amortization	$3,175	$2,837

Accrued_Liabilities_and_Other_1

Accrued Liabilities and Other (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Payables and Accruals [Abstract]	'	'
Accrued vacation	$702	$673
Accrued paid personal leave	608	619
Accrued bonus	700	677
Property taxes payable	773	0
Other	355	678
Total	$3,138	$2,647

Shortterm_and_Longterm_Debt_Co

Short-term and Long-term Debt - Components of Long-term Debt (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Long-term debt consists of:	'	'
Less current portion	($236)	($234)
Long-term debt, less current portion	4,399	4,459
Long-term debt secured by leased building and land	4,635	'
Note payable to a bank	'	'
Long-term debt consists of:	'	'
Long-term debt	$4,635	$4,693

Shortterm_and_Longterm_Debt_Li

Short-term and Long-term Debt - Line of Credit (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Line of Credit Facility [Line Items]	'	'
Line of credit amount	$5,209,000	'
Revolving line of credit	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit amount	30,000,000	'
Line of credit outstanding balance	0	0
Tangible net worth	326,218,000	'
Liquid Assets	57,095,000	'
Revolving line of credit | Minimum	'	'
Line of Credit Facility [Line Items]	'	'
Minimum tangible net worth required	225,000,000	'
Liquid assets	25,000,000	'
Revolving line of credit | Selected LIBOR rate	'	'
Line of Credit Facility [Line Items]	'	'
Interest rate on line of credit, variable rate	1.75%	'
Revolving line of credit | LIBOR for a fixed rate term	'	'
Line of Credit Facility [Line Items]	'	'
Interest rate on line of credit, variable rate	1.50%	'
Line of Credit	'	'
Line of Credit Facility [Line Items]	'	'
Line of credit amount	$87,095,000	'

Stock_Compensation_Restricted_2

Stock Compensation - Restricted Stock and Performance Share Grants - Performance Share Grants (Details)	3 Months Ended	12 Months Ended	3 Months Ended			12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Mar. 31, 2014	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2011
	Performance share grants	Performance share grants	Performance share grants	Performance share grants	Time Based Grants [Member]	Time Based Grants [Member]	Restricted Stock and Performance Shares [Member]	Restricted Stock and Performance Shares [Member]	Restricted Stock and Performance Shares [Member]
			Minimum	Maximum
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	152,418	177,044	'	'	94,309	88,657	'	'	'
Below threshold performance	0	'	'	'	'	'	'	'	'
Threshold and target performance	'	'	79,961	152,418	'	'	'	'	'
Maximum performance	'	'	'	250,517	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number	'	'	'	'	'	'	246,727	265,701	688,041

Stock_Compensation_Restricted_3

Stock Compensation - Restricted Stock and Performance Share Grants - Summary of Stock Grant Activity (Details) (Stock Grants)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2011
Stock Grants	'	'	'
Summary of stock grant activity:	'	'	'
Stock Grants Outstanding Beginning of the Year at Target Achievement	265,701	'	688,041
New Stock Grants/Additional shares due to maximum achievement	138,485	192,348	'
Vested Grants	-29,194	-361,886	'
Expired/Forfeited Grants	-128,265	-252,802	'
Stock Grants Outstanding March 31, 2014 at Target Achievement	246,727	'	688,041

Stock_Compensation_Restricted_4

Stock Compensation - Restricted Stock and Performance Share Grants - Additional Information (Details) (USD $)	1 Months Ended	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	$6,166	$6,166
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized, Period for Recognition	'	'30 months
Performance share grants | Restricted Stock Units (RSUs)	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Modifications in Period	133,890	'
New Stock Grants/Additional shares due to maximum achievement	89,837	'
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Modifications, Annual Cost	'	1,109
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Modifications Aggregate Fair Value	$5,789	$5,789

Stock_Compensation_Restricted_5

Stock Compensation - Restricted Stock and Performance Share Grants - Compensation Costs (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock compensation costs	$649	$760
Executive Officer	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock compensation costs, expensed	'	-485
1998 Plan	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock compensation costs, expensed	433	437
Stock compensation costs, capitalized	31	131
Stock compensation costs	464	568
NDSI Plan	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Stock compensation costs, expensed	$185	$192

Income_Taxes_Income_Tax_Rate_R

Income Taxes - Income Tax Rate Reconciliation (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Income Tax Disclosure [Abstract]	'	'
Income tax expense	$541,000	$147,000
Effective Income Tax Rate	32.00%	19.00%
Income Taxes Receivable	2,614,000	'
Income Taxes Paid	$0	'

Commitments_and_Contingencies_

Commitments and Contingencies (Details) (USD $)	3 Months Ended
	Mar. 31, 2014
Commitment and Contingencies Disclosure [Line Items]	'
Letter of credit period	'2 years
Letter of credit renewal period	'2 years
Special taxes paid	$886,000
Percentage of Interest Rate Held	2.00%
Standby letter of credit	'
Commitment and Contingencies Disclosure [Line Items]	'
Letters of Credit Outstanding, Amount	5,426,000
Annual cost related to letter of credit	83,000
West CFD	'
Commitment and Contingencies Disclosure [Line Items]	'
Acres of land related to land liens	420
Bond debt sold by TRPFFA	28,620,000
Additional bond debt authorized to be sold in future	0
Additional reimbursement funds	0
East CFD	'
Commitment and Contingencies Disclosure [Line Items]	'
Acres of land related to land liens	1,931
Letters of Credit Outstanding, Amount	39,750,000
Additional bond debt authorized to be sold in future	80,250,000
Additional reimbursement funds	$4,967,000

Retirement_Plans_Additional_In

Retirement Plans - Additional Information (Details) (Pension plan, USD $)	3 Months Ended				3 Months Ended		3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
			Equities	Equities	Treasury/Corporate Notes	Treasury/Corporate Notes	Money market funds	Money market funds
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'	'	'	'	'
Estimated contribution to the pension plan in 2013	$600	'	'	'	'	'	'	'
Current investment policy targets:	'	'	'	'	'	'	'	'
Current investment policy target	'	'	65.00%	'	25.00%	'	10.00%	'
Equity and debt investment fluctuations by plus or minus	20.00%	'	'	'	'	'	'	'
Current investment policy target, maximum	'	'	78.00%	'	'	'	'	'
Current investment policy target, minimum	'	'	52.00%	'	'	'	'	'
Current investment mix	'	'	60.00%	54.00%	34.00%	30.00%	6.00%	16.00%
Assumptions used in determining periodic pension cost:	'	'	'	'	'	'	'	'
Rate of increase in periodic pension costs	'	5.00%	'	'	'	'	'	'
Weighted-average discount rate	5.00%	5.00%	'	'	'	'	'	'
Expected long-term rate of return on plan assets	7.50%	7.50%	'	'	'	'	'	'
Increase in pension liability due to annuity settlement	392	'	'	'	'	'	'	'
Increase in expense due to annuity settlement	$407	'	'	'	'	'	'	'

Retirement_Plans_Net_Periodic_

Retirement Plans - Net Periodic Pension Cost (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Pension plan	'	'
Cost components:	'	'
Service cost-benefits earned during the period	($90)	($71)
Interest cost on projected benefit obligation	-101	-94
Expected return on plan assets	136	114
Net amortization and deferral	-470	-48
Total net periodic pension cost	-525	-99
SERP	'	'
Cost components:	'	'
Service cost-benefits earned during the period	-80	-43
Interest cost on projected benefit obligation	-55	-54
Net amortization and deferral	-57	-72
Total net periodic pension cost	($192)	($169)

Business_Segments_Revenue_Comp

Business Segments - Revenue Components of Real Estate Segments (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Revenue from External Customer [Line Items]	'	'
Segment revenues	$7,145	$9,760
Equity in earnings of unconsolidated joint ventures, net	438	409
Real estate - commercial/industrial	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	2,942	2,722
Equity in earnings of unconsolidated joint ventures, net	459	422
Revenues and Income (Loss) from Equity Method Investments	3,401	3,144
Real estate - commercial/industrial | Commercial leases	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	1,863	1,659
Real estate - commercial/industrial | Grazing leases	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	368	374
Real estate - commercial/industrial | All other land management ancillary services	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	711	689
Real estate - resort/residential	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	359	237
Equity in earnings of unconsolidated joint ventures, net	-21	-13
Revenues and Income (Loss) from Equity Method Investments	338	224
Real estate - resort/residential | Hay sales - Centennial operations	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	266	158
Real estate - resort/residential | Management fees	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	90	78
Real estate - resort/residential | Other	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	$3	$1

Business_Segments_Revenue_Comp1

Business Segments - Revenue Components of Mineral Resources Segment (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
	well
Revenue from External Customer [Line Items]	'	'
Segment revenues	$7,145	$9,760
Decrease in Oil Royalty Revenues	514	'
Price Per Barrel of Oil Equivalents (BOE)	97	101
New Production Wells	3	'
Mineral resources	'	'
Revenue from External Customer [Line Items]	'	'
Decrease in Revenues	602	'
Decrease in Revenues, Percent	21.00%	'
Segment revenues	2,264	2,866
Decrease in Production, Percent	21.00%	'
Decrease in Price Per Barrel, Percent	4.00%	'
Mineral resources | Oil and gas	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	1,740	2,254
Mineral resources | Rock aggregate	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	263	140
Mineral resources | Cement	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	205	160
Mineral resources | Land lease for oil exploration	'	'
Revenue from External Customer [Line Items]	'	'
Segment revenues	$56	$312

Investment_in_Unconsolidated_a2

Investment in Unconsolidated and Consolidated Joint Ventures - Investment Information (Details) (USD $)

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

3 Months Ended

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Jun. 30, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

Jun. 30, 2013

Jun. 30, 2012

Mar. 31, 2014

Dec. 31, 2013

Jun. 30, 2013

Mar. 31, 2014

Mar. 31, 2013

Dec. 31, 2013

joint_venture

Line of Credit

Petro Travel Plaza Holdings LLC

Petro Travel Plaza Holdings LLC

Petro Travel Plaza Holdings LLC

Tejon Mountain Village LLC

Tejon Mountain Village LLC

Tejon Mountain Village LLC

Rockefeller Joint Ventures

Rockefeller Joint Ventures

Five West Parcel LLC

Five West Parcel LLC

Five West Parcel LLC

18-19 West LLC

18-19 West LLC

18-19 West LLC

TRCC-East [Member]

TRCC-East [Member]

TRCC/Rock Outlet Center

TRCC/Rock Outlet Center

TRCC/Rock Outlet Center

Centennial Founders, LLC

Centennial Founders, LLC

Centennial Founders, LLC

acre

sqft

acre

acre

joint_venture

Schedule of Equity Method Investments [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investments in unconsolidated joint ventures

$69,467,000

'

$62,604,000

'

'

'

'

'

'

'

'

$335,000

'

'

'

'

'

'

$86,000,000

'

'

'

$0

'

'

'

Equity in earnings (losses)

438,000

409,000

'

'

599,000

390,000

'

-21,000

-13,000

'

'

'

29,000

27,000

'

3,000

5,000

'

'

'

-172,000

'

'

0

0

'

Unconsolidated joint ventures, ownership interest

'

'

'

'

60.00%

'

'

50.00%

'

'

'

'

50.00%

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

Unconsolidated joint ventures, voting rights

'

'

'

'

50.00%

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of joint venture contracts

3

'

'

'

'

'

'

'

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of acres for development

'

'

'

'

'

'

'

'

'

'

91

'

'

'

'

'

'

'

326,000

'

'

'

'

'

'

'

Development of land in TRCC including pursuing Foreign Trade Zone

'

'

'

'

'

'

'

'

'

'

500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Consolidated joint venture, ownership interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

73.21%

'

'

Area of building owned and leased

'

'

'

'

'

'

'

'

'

'

'

'

606,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt

'

'

'

'

-16,400,000

'

-16,602,000

0

'

0

'

'

-11,000,000

'

-11,000,000

0

'

0

'

'

-5,209,000

0

'

0

'

0

Number of acres for development

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

61.5

'

'

'

'

'

'

'

'

'

'

Investment in unconsolidated joint ventures

'

'

'

'

12,111,000

'

'

44,278,000

'

'

13,078,000

'

'

'

'

'

'

'

'

'

'

'

10,558,000

'

'

'

Equity Method Investment, Aggregate Cost

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,159,000

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

'

52,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of credit amount

$5,209,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Investment_in_Unconsolidated_a3

Investment in Unconsolidated and Consolidated Joint Ventures - Condensed Statements of Operations and Balance Sheet Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Statement of Operations	'	'	'
Equity in earnings (losses)	$438	$409	'
Balance Sheet Information	'	'	'
Current assets	77,625	'	83,244
Property and equipment, net	149,918	'	146,542
Unconsolidated Properties [Member]	'	'	'
Statement of Operations	'	'	'
Revenues	25,913	27,334	'
Net income (loss)	676	689	'
Partner’s share of net income (loss)	238	280	'
Equity in earnings (losses)	438	409	'
Balance Sheet Information	'	'	'
Current assets	20,364	'	117,827
Property and equipment, net	208,853	'	90,024
Other assets	5,380	'	2,807
Long-term debt	-32,609	'	-27,602
Other liabilities	-17,013	'	-11,775
Net assets	184,975	'	171,281
Petro Travel Plaza Holdings LLC	'	'	'
Statement of Operations	'	'	'
Revenues	25,053	26,474	'
Net income (loss)	998	650	'
Partner’s share of net income (loss)	399	260	'
Equity in earnings (losses)	599	390	'
Balance Sheet Information	'	'	'
Current assets	16,123	'	14,886
Property and equipment, net	43,956	'	43,897
Other assets	198	'	208
Long-term debt	-16,400	'	-16,602
Other liabilities	-3,028	'	-2,687
Net assets	40,849	'	39,702
Five West Parcel LLC	'	'	'
Statement of Operations	'	'	'
Revenues	844	846	'
Net income (loss)	59	55	'
Partner’s share of net income (loss)	30	28	'
Equity in earnings (losses)	29	27	'
Balance Sheet Information	'	'	'
Current assets	1,329	'	813
Property and equipment, net	16,452	'	16,980
Other assets	341	'	438
Long-term debt	-11,000	'	-11,000
Other liabilities	-175	'	-343
Net assets	6,947	'	6,888
18-19 West LLC	'	'	'
Statement of Operations	'	'	'
Revenues	16	14	'
Net income (loss)	5	10	'
Partner’s share of net income (loss)	2	5	'
Equity in earnings (losses)	3	5	'
Balance Sheet Information	'	'	'
Current assets	41	'	10
Property and equipment, net	4,527	'	4,514
Other assets	0	'	0
Long-term debt	0	'	0
Other liabilities	-23	'	0
Net assets	4,545	'	4,524
TRCC/Rock Outlet Center	'	'	'
Statement of Operations	'	'	'
Revenues	0	'	'
Net income (loss)	-344	'	'
Partner’s share of net income (loss)	-172	'	'
Equity in earnings (losses)	-172	'	'
Balance Sheet Information	'	'	'
Current assets	2,660	'	2,428
Property and equipment, net	43,459	'	24,633
Other assets	4,841	'	2,161
Long-term debt	-5,209	'	0
Other liabilities	-13,449	'	-8,577
Net assets	32,302	'	20,645
Tejon Mountain Village LLC	'	'	'
Statement of Operations	'	'	'
Revenues	0	0	'
Net income (loss)	-42	-26	'
Partner’s share of net income (loss)	-21	-13	'
Equity in earnings (losses)	-21	-13	'
Balance Sheet Information	'	'	'
Current assets	211	'	99,690
Property and equipment, net	100,459	'	0
Other assets	0	'	0
Long-term debt	0	'	0
Other liabilities	-338	'	-168
Net assets	100,332	'	99,522
Centennial Founders, LLC	'	'	'
Statement of Operations	'	'	'
Revenues	269	158	'
Net income (loss)	68	51	'
Partner’s share of net income (loss)	18	15	'
Equity in earnings (losses)	0	0	'
Balance Sheet Information	'	'	'
Current assets	524	'	86
Property and equipment, net	75,646	'	74,968
Other assets	0	'	0
Long-term debt	0	'	0
Other liabilities	-477	'	-204
Net assets	$75,693	'	$74,850