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Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Jun. 30, 2013	Aug. 01, 2013
Document and Entity Information [Abstract]
Entity Registrant Name	TEJON RANCH CO
Entity Central Index Key	0000096869
Document Type	10-Q
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q2
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock Shares Outstanding		20,140,872
Trading Symbol	TRC

Unaudited Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Revenues:
Total revenues	$ 7,475	$ 7,849	$ 17,235	$ 17,428
Costs and Expenses:
Total expenses	6,308	8,763	15,978	18,318
Operating income (loss)	1,167	(914)	1,257	(890)
Other Income:
Investment income	238	317	513	635
Interest income (expense)	0	(33)	0	(35)
Other income	14	11	17	35
Total other income	252	295	530	635
Income (loss) from operations before equity in earnings of unconsolidated joint ventures	1,419	(619)	1,787	(255)
Equity in earnings of unconsolidated joint ventures, net	1,270	893	1,679	534
Income before income tax expense (benefit)	2,689	274	3,466	279
Income tax expense (benefit)	686	164	833	(64)
Net income	2,003	110	2,633	343
Net loss attributable to non-controlling interest	(81)	(8)	(66)	(50)
Net income attributable to common stockholders	$ 2,084	$ 118	$ 2,699	$ 393
Net income per share attributable to common stockholders, basic (usd per share)	$ 0.10	$ 0.01	$ 0.13	$ 0.02
Net income per share attributable to common stockholders, diluted (usd per share)	$ 0.10	$ 0.01	$ 0.13	$ 0.02
Real estate - commercial/industrial
Revenues:
Total revenues	$ 2,825	$ 2,623	$ 5,547	$ 4,771
Costs and Expenses:
Total expenses	3,141	2,913	6,254	5,938
Real estate - resort/residential
Revenues:
Total revenues	234	94	471	135
Costs and Expenses:
Total expenses	1,265	1,137	1,574	2,155
Mineral resources
Revenues:
Total revenues	2,765	3,879	5,631	7,785
Costs and Expenses:
Total expenses	65	40	225	157
Farming
Revenues:
Total revenues	1,651	1,253	5,586	4,737
Costs and Expenses:
Total expenses	1,179	960	3,436	3,221
Corporate expenses
Costs and Expenses:
Total expenses	$ 658	$ 3,713	$ 4,489	$ 6,847

Unaudited Consolidated Statements of Comprehensive Income (Loss) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Statement of Other Comprehensive Income [Abstract]
Net income	$ 2,003	$ 110	$ 2,633	$ 343
Other comprehensive income (loss):
Unrealized gains (losses) on available for sale securities	(409)	(68)	(452)	151
Equity in other comprehensive income of unconsolidated joint venture	0	64	0	119
Other comprehensive income (loss) before taxes	(409)	(4)	(452)	270
(Provisions) benefit for income taxes related to other comprehensive income (loss) items	164	1	181	(108)
Other comprehensive income (loss)	(245)	(3)	(271)	162
Total comprehensive income	1,758	107	2,362	505
Total comprehensive income (loss) attributable to non-controlling interests	(81)	(8)	(66)	(50)
Total comprehensive income attributable to common stockholders	$ 1,839	$ 115	$ 2,428	$ 555

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Current Assets:
Cash and cash equivalents	$ 10,478	$ 7,219
Marketable securities - available-for-sale	64,916	65,049
Accounts receivable	4,297	8,768
Inventories	9,586	3,839
Prepaid expenses and other current assets	4,084	4,881
Deferred tax assets	1,178	997
Total current assets	94,539	90,753
Property and equipment - net of depreciation (includes $73,833 at June 30, 2013 and $72,115 at December 31, 2012, attributable to Centennial Founders LLC, Note 12)	140,013	146,590
Investments in unconsolidated joint ventures	59,235	54,022
Long-term water assets	28,648	28,565
Long-term deferred tax assets	5,376	5,376
Other assets	2,062	2,550
TOTAL ASSETS	329,873	327,856
Current Liabilities:
Trade accounts payable	3,316	3,845
Accrued liabilities and other	3,282	2,132
Income taxes payable	101	0
Deferred income	754	1,195
Current portion of long-term debt	42	41
Total current liabilities	7,495	7,213
Long-term debt, less current portion	191	212
Long-term deferred gains	2,248	2,248
Other liabilities	7,220	6,508
Pension liability	3,092	3,416
Total liabilities	20,246	19,597
Commitments and contingencies
Tejon Ranch Co. Stockholders’ Equity
Common stock, $.50 par value per share: Authorized shares - 30,000,000 Issued and outstanding shares - 20,136,286 at June 30, 2013 and 20,085,865 at December 31, 2012	10,068	10,043
Additional paid-in capital	197,098	198,117
Accumulated other comprehensive loss	(5,389)	(5,118)
Retained earnings	68,249	65,550
Total Tejon Ranch Co. Stockholders’ Equity	270,026	268,592
Non-controlling interest	39,601	39,667
Total equity	309,627	308,259
TOTAL LIABILITIES AND EQUITY	$ 329,873	$ 327,856

Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Property and equipment, net	$ 140,013	$ 146,590
Common stock, par value	$ 0.50	$ 0.50
Common stock, Authorized shares	30,000,000	30,000,000
Common stock, Issued shares	20,136,286	20,085,865
Common stock, outstanding shares	20,136,286	20,085,865
Centennial Founders, LLC
Property and equipment, net	$ 73,833	$ 72,115

Unaudited Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Operating Activities
Net income	$ 2,633	$ 343
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization	1,767	2,553
Amortization of premium/discount of marketable securities	459	415
Equity in earnings of unconsolidated joint ventures, net	(1,679)	(534)
Non-cash retirement plan expense	325	200
Gains on sales of real estate/assets	0	(679)
(Reversal) amortization of stock compensation expense	(568)	3,658
Distribution of earnings from unconsolidated joint ventures	0	3,000
Changes in operating assets and liabilities:
Receivables, inventories and other assets, net	643	739
Current liabilities, net	(948)	(4,902)
Net cash provided by (used in) operating activities	2,632	4,793
Investing Activities
Maturities and sales of marketable securities	14,066	9,823
Funds invested in marketable securities	(14,844)	(10,556)
Property and equipment expenditures	(10,653)	(9,410)
Investment in long term term water assets	(437)	0
Investment in unconsolidated joint ventures	(1,375)	(4,579)
Distribution of equity from unconsolidated joint ventures	0	1,012
Reimbursement of outlet center costs	512	96
Reimbursement proceeds from community facilities district	14,139	0
Other	(127)	(1,636)
Net cash provided by (used in) investing activities	1,281	(15,250)
Financing Activities
Borrowings of short-term debt	0	1,500
Repayments of short-term debt	(20)	(1,500)
Repayments of short-term debt	0	(19)
Proceeds from exercise of stock options	211	123
Taxes on vested stock grants	(845)	(2,270)
Net cash used in financing activities	(654)	(2,166)
Increase (decrease) in cash and cash equivalents	3,259	(12,623)
Cash and cash equivalents at beginning of year	7,219	18,372
Cash and cash equivalents at end of period	10,478	5,749
Supplemental cash flow information
Accrued capital expenditures included in current liabilities	$ 1,122	$ 428

Unaudited Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings	Total Tejon Ranch Co.’s Stockholders' Equity	Noncontrolling Interest
Beginning Balance (in shares) at Dec. 31, 2011		19,975,706
Beginning Balance, Value at Dec. 31, 2011	$ 300,439	$ 9,988	$ 194,273	$ (4,756)	$ 61,109	$ 260,614	$ 39,825
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,283				4,441	4,441	(158)
Other comprehensive income	(362)			(362)		(362)
Exercise of stock options (shares)		13,641
Exercise of stock options and related tax benefit of $3 for six months ended June 30, 2012 and $8 for the 12 months ended December 31, 2012	370	$ 7	363			370
Restricted stock issuance (in shares)		179,172
Restricted stock issuance	0	$ 89	(89)			0
Stock compensation	5,832		5,832			5,832
Shares withheld for taxes (in shares)		(82,654)
Shares withheld for taxes	(2,303)	$ (41)	(2,262)			(2,303)
Ending Balance (in shares) at Dec. 31, 2012		20,085,865
Ending Balance, Value at Dec. 31, 2012	308,259	$ 10,043	198,117	(5,118)	65,550	268,592	39,667
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,633				2,699	2,699	(66)
Other comprehensive income	(271)			(271)		(271)
Exercise of stock options (shares)		7,567
Exercise of stock options and related tax benefit of $3 for six months ended June 30, 2012 and $8 for the 12 months ended December 31, 2012	211	$ 4	207			211
Restricted stock issuance (in shares)		71,163
Restricted stock issuance	0	$ 35	(35)			0
Stock compensation	(360)		(360)			(360)
Shares withheld for taxes (in shares)		(28,309)
Shares withheld for taxes	(845)	$ (14)	(831)			(845)
Ending Balance (in shares) at Jun. 30, 2013		20,136,286
Ending Balance, Value at Jun. 30, 2013	$ 309,627	$ 10,068	$ 197,098	$ (5,389)	$ 68,249	$ 270,026	$ 39,601

Unaudited Consolidated Statements of Equity (Parenthetical) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Statement of Stockholders' Equity [Abstract]
Exercise of stock options, tax benefit	$ 3	$ 8

Basis of Presentation	6 Months Ended
Basis of Presentation	Jun. 30, 2013
Organization, Consolidation and Presentation of Financial Statements [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 certain prior period amounts in the consolidated statements of operations, and cash flows to conform to the current year presentation. We have evaluated subsequent events through the date of issuance of our consolidated financial statements. The periods ending June 30, 2013 and 2012 include the consolidation of Centennial Founders, LLC’s statement of operations within the resort /residential segment and statements of cash flows. The Company’s June 30, 2013 and December 31, 2012 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. The Company determined that the mineral resources segment should be reported, as a result of an evaluation of the Company's operations during the fourth quarter of 2012. Mineral resources collects royalty income from oil and gas leases, rock and aggregate leases, and from a cement company. 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, 2012.

- Definition

The entire disclosure for organization, consolidation and basis of presentation of financial statements disclosure.

+ References

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+ Details

Net Income (Loss) Per Share

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

NET INCOME (LOSS) PER SHARE

Basic net income or loss per share is based upon the weighted average number of shares of common stock outstanding during the period. Diluted net income per share 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 and vesting of stock grants per U.S. generally accepted accounting principles, or GAAP.



	Three Months Ended June 30		Six Months Ended June 30
	2013	2012	2013	2012
Weighted average number of shares outstanding:
Common stock	20,136,188	20,026,354	20,118,152	20,008,358
Common stock equivalents-stock options, grants	16,323	61,278	17,039	75,372
Diluted shares outstanding	20,152,511	20,087,632	20,135,191	20,083,730

Marketable Securities

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

MARKETABLE SECURITIES

The Company classifies 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:



		June 30, 2013				December 31, 2012
($ in thousands)	Fair Value Hierarchy	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Certificates of deposit
with unrecognized losses for less than 12 months		$	1,623	$	1,615	$	1,578	$	1,571
with unrecognized losses for more than 12 months		354		353		508		507
with unrecognized gains		6,633		6,667		5,586		5,628
Total Certificates of deposit	Level 1	8,610		8,635		7,672		7,706
US Treasury and agency notes
with unrecognized losses for less than 12 months		3,913		3,894		3,057		3,024
with unrecognized losses for more than 12 months		5,312		5,288		874		873
with unrecognized gains		7,195		7,244		12,175		12,267
Total US Treasury and agency notes	Level 2	16,420		16,426		16,106		16,164
Corporate notes
with unrecognized losses for less than 12 months		9,479		9,305		1,993		1,971
with unrecognized losses for more than 12 months		329		328		201		200
with unrecognized gains		20,423		20,668		29,210		29,653
Total Corporate notes	Level 2	30,231		30,301		31,404		31,824
Municipal notes
with unrecognized losses for less than 12 months		2,185		2,160		1,961		1,948
with unrecognized losses for more than 12 months		720		716		620		613
with unrecognized gains		6,618		6,678		6,702		6,794
Total Municipal notes	Level 2	9,523		9,554		9,283		9,355
		$	64,784	$	64,916	$	64,465	$	65,049

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 June 30, 2013, the fair market value of investment securities exceeded the cost basis by $132,000. The cost basis includes any other-than-temporary impairments that have been recorded for the securities. None have been recorded at June 30, 2013. The Company has determined that any unrealized losses in the portfolio are temporary as of June 30, 2013. 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 June 30, 2013, the adjustment to accumulated other comprehensive income (loss) in consolidated equity for the temporary change in the value of securities reflects a decrease in the market value of available-for-sale securities of $271,000, which includes estimated taxes of $181,000.

As of June 30, 2013, the Company’s gross unrealized holding gains equal $388,000 and gross unrealized holding losses equal $256,000.

The following tables summarize the maturities, at par, of marketable securities by year:



(in thousands)
At June 30, 2013	2013		2014		2015		2016		2017		Total
Certificates of deposit	$	1,255	$	1,627	$	4,213	$	1,301	$	97	$	8,493
U.S. Treasury and agency notes	3,566		7,287		3,448		1,750		391		16,442
Corporate notes	2,988		6,729		10,017		5,650		3,574		28,958
Municipal notes	1,335		4,365		2,205		1,135		205		9,245
	$	9,144	$	20,008	$	19,883	$	9,836	$	4,267	$	63,138



(in thousands)
At December 31, 2012	2013		2014		2015		2016		Total
Certificates of deposit	$	1,268	$	1,627	$	4,316	$	301	$	7,512
U.S. Treasury and agency notes	6,285		7,248		2,633		11		16,177
Corporate notes	10,916		6,729		9,420		3,325		30,390
Municipal notes	2,305		4,340		1,960		400		9,005
	$	20,774	$	19,944	$	18,329	$	4,037	$	63,084

The Company’s investments in corporate notes are with companies that have an investment grade rating from Standard & Poor’s.

- Definition

The entire disclosure for investments in certain debt and equity securities.

+ References

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+ Details

Long Term Water Assets

6 Months Ended

Jun. 30, 2013

Long Term Water Assets [Abstract]

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 from the California aqueduct into the water bank. 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.

The Company also owns additional transferable water and holds State Water Project, or SWP contracts with the Tulare Water Storage and Dudley-Ridge Water Storage Districts to supply water through 2035. These contracts are being amortized using the straight line method over that period. Annual amortization for the next five years will be $708,000 per year. 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. Annual costs associated with these contracts are expensed each quarter.

Purchased water assets consist of the following:



(in acre feet)	June 30, 2013	December 31, 2012
Banked water and water for future delivery
AVEK water bank	13,038	11,478
Company water bank	8,818	8,700
AVEK water for future delivery	2,362	2,362
Total Company and AVEK banked water	24,218	22,540
Transferable water with AVEK	14,786	14,786
SWP contracts	3,444	3,444
Total purchased water - third parties	42,448	40,770
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,479	5,479
TCWD - Banked water contracted to Company	38,943	38,943
Total purchased and contracted water sources in acre feet	102,417	100,739



($ in thousands)	June 30, 2013			December 31, 2012
Banked water and water for future delivery - Company and AVEK	$	4,775		$	4,448
Transferable water	8,988			8,988
SWP Contracts (net of accumulated amortization of $2,375 and $2,021 at June 30, 2013 and December 31 2012, respectively)	15,593			15,837
Total water assets	29,356			29,273
Less: current portion	(708		)	(708		)
Long-term water assets	$	28,648		$	28,565

Accrued Liabilities and Other

6 Months Ended

Jun. 30, 2013

Payables and Accruals [Abstract]

ACCRUED LIABILITIES AND OTHER

Accrued liabilities and other consists of the following:



($ in thousands)	June 30, 2013		December 31, 2012
Accrued vacation	$	687	$	674
Accrued paid personal leave	640		662
Accrued bonus	1,316		573
Other	639		223
	$	3,282	$	2,132

Short-Term and Long-Term Debt

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG TERM DEBT

Long-term debt consists of the following:



($ in thousands)	June 30, 2013			December 31, 2012
Note payable to a bank	$	233		$	253
Less current portion	(42		)	(41		)
	$	191		$	212

This debt is being used to provide long-term financing for a building being leased to Starbucks and the debt is secured by the leased building and land. The balance of the long-term debt instrument listed above approximates the fair value of the instrument.

We have a long-term revolving line of credit of $30,000,000 that, as of June 30, 2013, had no outstanding balance. At the Company’s option, the interest rate on this line of credit can float at 2.50% over a selected LIBOR rate or can be fixed at 2.25% above LIBOR for a fixed rate term. During the term of this credit facility (which matures in October 2013), 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 $175,000,000 and liquid assets of not less than $25,000,000. At June 30, 2013 our tangible net worth was $309,860,000 and liquid assets were $75,394,000. A portion of our farm acreage secures this line of credit.

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

+ References + Details

Stock Compensation

6 Months Ended

Jun. 30, 2013

Share-based Compensation [Abstract]

Stock Compensation Restricted Stock and Performance Share Grants

STOCK COMPENSATION

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 real estate development performance milestones. The payouts at each performance goal are as follows:



Performance Share Grants with Performance Conditions (in shares)
Below threshold performance		—
Threshold performance		82,296
Target performance		407,175
Maximum performance		594,993

The following is a summary of the Company’s stock grant activity assuming target achievement for outstanding performance grants for the following periods:



	June 30, 2013		December 31, 2012
Stock Grants Outstanding Beginning of the Year	688,041		744,508
New Stock Grants/Estimated additional shares maximum performance	56,087		113,643
Vested Grants	(62,997	)	(170,110	)
Expired/Forfeited Grants	(221,552	)	—
Stock Grants Outstanding June 30, 2013	459,579		688,041

The unamortized cost associated with nonvested stock grants and the weighted-average period over which it is expected to be recognized as of June 30, 2013 was $3,693,000 and 31 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 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 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 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. Under the Non-Employee Director Stock Incentive Plan, or NDSI Plan, each non-employee director receives his or her annual compensation in stock.

The following table summarizes stock compensation costs for the Company's 1998 Stock Incentive Plan, or Employee 1998 Plan, and the NDSI Plan for the following periods:



	Six Months Ended			Six Months Ended
Employee 1998 Plan:	June 30, 2013			June 30, 2012
Expensed	$	(952,000	)	$	3,475,000
Capitalized	208,000			167,000
	(744,000		)	3,642,000
NDSI Plan	384,000			183,000
	$	(360,000	)	$	3,825,000

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. During the second quarter of 2013 our Chief Executive Officer and President, Robert A. Stine, announced he would retire at the end of 2013. Based on this announcement, we adjusted the service period related to his performance grants, which resulted in shares being forfeited and the reversal of $2,271,000 previously recognized stock compensation expense.

Income Taxes	6 Months Ended
Income Taxes	Jun. 30, 2013
Income Tax Disclosure [Abstract]
INCOME TAXES	INCOME TAXES For the six months ended June 30, 2013, the Company incurred a net income tax expense of $833,000 compared to a net income tax benefit of $64,000 for the six months ended June 30, 2012. These represent effective income tax rates of approximately 24% and (20)% for the six months ended June 30, 2013 and, 2012, respectively. The effective tax rate for the first half of 2013 is calculated based on the first quarter net income for 2013 adjusted for estimated permanent tax differences such as depletion allowances. During 2013, depletion allowances have decreased due to lower oil and gas revenues compared to 2012. As of June 30, 2013, our balance sheet reflects an income tax payable of $101,000. The Company classifies interest and penalties incurred on tax payments as income tax expenses. During the first six months ended June 30, 2013, the Company made income tax payments of $100,000 for the 2013 tax year.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32559-109319

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 15
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32718-109319

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Commitments and Contingencies

6 Months Ended

Jun. 30, 2013

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

A total of 5,488 acres of the Company’s land is subject to water contracts with the WRMWSD, requiring minimum future annual payments through the life of the contract which is 2035. The estimated future minimum annual payments are $2,500,000 before any potential credits are received, whether or not water is available or is used. These payments are expensed each quarter through our farming operations.

The Tejon Ranch Public Facilities Financing Authority, or TRPFFA, is a joint powers authority formed by Kern County and the 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 $30,000,000 of bond debt sold by TRPFFA for Tejon Ranch Commerce Center, or 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 beginning in January 2013 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 reimbursement funds remaining from the West CFD bonds and there is approximately $8,900,000 of funds available for reimbursement of cost within the East CFD bonds. During the second quarter of 2013, $14,139,000 of funds were reimbursed to the Company. During 2012, the Company paid approximately $606,000 in special taxes. We anticipate we will pay approximately $886,000 in special taxes during 2013. 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. The amount of special taxes paid by the Company 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 ("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 County, and Ken Salazar, in his capacity as U.S. Secretary of the Interior.

The Company and other defendants filed motions to dismiss 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 the federal defendants. 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 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 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 plaintiff an extension until March 19, 2012 to file his third amended complaint.

Plaintiff filed his third amended complaint on March 19, 2012. Defendants filed motions to dismiss all claims in the third amended complaint without further leave to amend on April 30, 2012. Plaintiff thereafter substituted in new counsel and with leave of court filed his opposition papers on June 8, 2012. 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 ("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. In the meantime, the Company continues to believe that a negative outcome of this case is remote at this time and the monetary impact of an adverse result, if any, also 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. 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 resulted in confirmation of each party's groundwater pumping for 2011 and 2012. The next phase of trial is anticipated to occur later this year and may address a number of issues, including whether prescription of rights to groundwater has occurred. At this time, it is difficult to ascertain whether a 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.

State Water Resources Control Board Lawsuit

On May 12, 2010, the California Attorney General, on behalf of the State Water Resources Control Board, filed a complaint in the Alameda County Superior Court for civil penalties and a permanent injunction against a number of TravelCenters of America LLC, or TA, facilities in the Central Valley of California. The travel centers in the Petro Travel Plaza Holdings LLC, or TA/Petro, were also included in the complaint. The lawsuit alleges violations of various reporting, operating and monitoring regulations related to operation and maintenance of underground storage tanks. In addition to the TA/Petro entity and its respective member entities, the lawsuit also names the Company and Tejon Industrial Corporation as defendants. The Company has tendered defense of the lawsuit to TA, under the “defend and indemnify” clause in the TA/Petro LLC's operating agreement, and has also secured the services of an outside law firm to work with TA's outside counsel under a joint defense agreement. On September 16, 2011, the Company and Tejon Industrial Corp. were dismissed from the lawsuit, without prejudice. The parties remaining are currently engaged in discussions regarding a negotiated resolution, and the Company understands that a settlement of the claims asserted in the litigation is likely. If such a settlement is reached, the Company does not anticipate a material adverse impact on the Company.

Water Bank Lawsuits

On June 3, 2010, the Central Delta and South Delta Water Agencies and several environmental groups, including CBD, 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 State Water Project 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, and the current lawsuit (i) challenges the remedial EIR that DWR prepared as a result of the original lawsuit. Among other allegations, the current lawsuit also challenges 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, and (ii) asserts the remedial EIR is inadequate. 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. 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 a preliminary favorable ruling on December 19, 2012, Judge Frawley tentatively determined that the challenges to the transfer of the KWB were not timely and barred by the statutes of litigation and doctrine of latches. There has not yet been any substantive hearing on the challenges to the EIR. Given the preliminary nature of these lawsuits, the Company has an insufficient basis to address the merits or potential outcomes of the lawsuit. The monetary value of a potential adverse outcome on the claim likewise cannot be estimated at this time.

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 460
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=6398077&loc=d3e12565-110249

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 450
-SubTopic 20
-Section 50
-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6952336&loc=d3e14435-108349

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.25)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 440
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
-Paragraph 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Retirement Plans

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

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 $850,000 to the plan during 2013.

The Benefit 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 June 30, 2013, the investment mix was approximately 61% equity, 32% debt, and 7% money market funds. At December 31, 2012, the investment mix was approximately 71% equity, 26% debt and 3% 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 4.0% in 2013 and 2012. The expected long-term rate of return on plan assets is 7.5% in 2013 and 2012. 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:



	Six Months Ended
(In thousands)	2013			2012
Cost components:
Service cost-benefits earned during the period	$	(142	)	$	(126	)
Interest cost on projected benefit obligation	(188		)	(192		)
Expected return on plan assets	228			222
Net amortization and deferral	(96		)	(210		)
Total net periodic pension cost	$	(198	)	$	(306	)

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:



	Six Months Ended
(In thousands)	2013			2012
Cost components:
Service cost-benefits earned during the period	$	(86	)	$	(86	)
Interest cost on projected benefit obligation	(108		)	(108		)
Net amortization and deferral	(144		)	(32		)
Total net periodic pension cost	$	(338	)	$	(226	)

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-URI http://asc.fasb.org/topic&trid=2235017

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Implementation Guide (Q and A)
-Number FAS88
-Paragraph 63
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Accounting Principles Board Opinion (APB)
-Number 30
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+ Details

Business Segments

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

BUSINESS SEGMENTS

The revenue components of our commercial/industrial real estate development segment for the six months ended June 30 are as follows:



(In thousands)	2013		2012
Commercial leases	$	3,401	$	2,958
Grazing leases	748		587
Land Sale	—		648
All other land management ancillary services	1,398		578
	$	5,547	$	4,771

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. During the first eight months of 2012, the Company’s game management operations were temporarily suspended in order to complete the development of a new sales program and operating procedures. Please refer to Form 8-K filed on January 20, 2012 regarding the Company’s game management and hunting operations. Game management reopened operations on September 1, 2012.

The resort/residential real estate development segment produces revenues from farming activities 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 winegrapes, almonds and pistachios.

The mineral resources segment receives oil and mineral royalties from the exploration and development companies who extract or mine the natural resources from our land. The following table summarizes these activities:



	Six Months Ended
($ in thousands)	June 30, 2013		June 30, 2012
Oil and gas	$	4,418	$	6,510
Rock aggregate	296		305
Cement	375		337
Land lease for oil exploration	542		633
	$	5,631	$	7,785

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 34
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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-Paragraph 33
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Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 5: http://www.xbrl.org/2003/role/presentationRef
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Reference 6: http://www.xbrl.org/2003/role/presentationRef
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
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-Section 50
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Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 40
-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
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-Name Accounting Standards Codification
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Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Investment in Unconsolidated and Consolidated Joint Ventures

6 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

INVESTMENT IN UNCONSOLIDATED AND CONSOLIDATED JOINT VENTURES

INVESTMENTS 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 June 30, 2013 was $59,235,000. The equity in the income of the unconsolidated joint ventures was $1,679,000 for the six months ended June 30, 2013. The unconsolidated joint ventures have not been consolidated as of June 30, 2013, 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. This is a 60%-owned joint venture which owns and operates travel plazas/commercial highway operations in TRCC. It houses multiple commercial eating establishments as well as diesel and gasoline operations. 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 at the facility. At June 30, 2013, the Company had an equity investment balance of $9,027,000 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 TMV LLC (a wholly owned subsidiary of DMB Associates, Inc.) formed to obtain all necessary government entitlement approvals and to develop the Tejon Mountain Village project. The Company owns a 50% interest in this venture. At June 30, 2013, the Company’s equity investment balance in this joint venture was $41,862,000.

•

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 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 an outlet center on land at TRCC-East. This joint venture is separate from the above agreement to develop up to 500 acres. During the second quarter of 2013, we contributed land and other assets at an agreed value of $10,558,000 for our capital contribution and Rockefeller matched our capital contribution with cash.

At June 30, 2013, the Company’s combined book value equity investment balance in these three joint ventures was $8,346,000.

•

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 Liability 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 variable interest entity, 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 June 30, 2013 the Company had a 72.01% ownership position in Centennial Founders, LLC.

The Company’s investment balance in its unconsolidated joint ventures differs from its 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 June 30, 2013 and December 31, 2012 and condensed statements of operations for the six months ended June 30, 2013 and June 30, 2012 are as follows:



($ in thousands)	UNCONSOLIDATED																	CONSOLIDATED
Statement of Operations for the six months ended June 30, 2013	Petro Travel Plaza Holdings			Five West Parcel			Tejon Mountain Village			18-19 West		TRCC/Rock Outlet Center			Total			Centennial-VIE
Gross revenues	$	55,364		$	1,673		$	—		$	31	$	—		$	57,068		$	314
Net income (loss)	$	2,394		$	47		$	(83	)	$	25	$	(176	)	$	2,207		$	(232	)
Partner’s share of net income (loss)	$	958		$	23		$	(42	)	$	12	$	(88	)	$	863		$	(66	)
Equity in income (losses)	$	1,436		$	24		$	(41	)	$	13	$	247		$	1,679		$	—
Balance Sheet Information as of June 30, 2013
Current assets	$	11,256		$	1,214		$	255		$	30	$	9,381		$	22,136		$	142
Property and equipment, net	43,907			18,111			95,772			4,449		12,858			175,097			74,074
Other assets	227			651			—			—		—			878			—
Long-term debt	(16,988		)	(11,000		)	—			—		—			(27,988		)	—
Other liabilities	(2,309		)	(67		)	(520		)	—		(1,300		)	(4,196		)	(1,024		)
Net assets	$	36,093		$	8,909		$	95,507		$	4,479	$	20,939		$	165,927		$	73,192



($ in thousands)	UNCONSOLIDATED															CONSOLIDATED
Statement of Operations for the six months ended June 30, 2012	Petro Travel Plaza Holdings			Five West Parcel			Tejon Mountain Village			18-19 West			Total			Centennial-VIE
Gross revenues	$	59,001		$	975		$	—		$	53		$	60,029		$	135
Net income (loss)	$	1,540		$	(282	)	$	(47	)	$	46		$	1,257		$	(160	)
Partner’s share of net income (loss)	$	616		$	(141	)	$	(24	)	$	23		$	474		$	(50	)
Equity in income (losses)	$	675		$	(141	)	$	(23	)	$	23		$	534		$	(110	)
Balance Sheet Information as of December 31, 2012
Current assets	$	9,577		$	194		$	218		$	42		$	10,031		$	491
Property and equipment, net	44,196			19,025			92,846			4,412			160,479			72,356
Other assets	246			683			—			—			929			—
Long-term debt	(17,358		)	(11,000		)	—			—			(28,358		)	—
Other liabilities	(3,350		)	(39		)	(224		)	(1		)	(3,614		)	(1,099		)
Net assets	$	33,311		$	8,863		$	92,840		$	4,453		$	139,467		$	71,748

- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References + Details

Subsequent Event (Notes)	6 Months Ended
Subsequent Event (Notes)	Jun. 30, 2013
Subsequent Events [Abstract]
Subsequent Events	SUBSEQUENT EVENTS On August 7, 2013, Tejon Ranch Co. (the “Company”) announced that its Board of Directors declared a dividend of warrants (the “Warrants”) to purchase shares of Company common stock, par value $0.50 per share (“Common Stock”), to be distributed on or about August 28, 2013, to holders of record of Common Stock as of August 21, 2013 (the “Record Date”). Each Warrant will entitle 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 will receive 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 will be payable in respect of any fractional Warrants that are rounded down. The Company expects to issue an aggregate of approximately 3,000,000 Warrants. The Company will issue the Warrants 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 “Warrant Agreement”). The foregoing description of the Warrants and the Warrant Agreement is not complete and is qualified in its entirety by reference to the complete text of the Warrant Agreement, a copy of which will be filed on or about August 13, 2013 on Form 8-K.

Net Income (Loss) Per Share (Tables)

6 Months Ended

Jun. 30, 2013

Earnings Per Share [Abstract]

Summaries of weighted average number of shares outstanding

Diluted net income per share 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 and vesting of stock grants per U.S. generally accepted accounting principles, or GAAP.



	Three Months Ended June 30		Six Months Ended June 30
	2013	2012	2013	2012
Weighted average number of shares outstanding:
Common stock	20,136,188	20,026,354	20,118,152	20,008,358
Common stock equivalents-stock options, grants	16,323	61,278	17,039	75,372
Diluted shares outstanding	20,152,511	20,087,632	20,135,191	20,083,730

Marketable Securities (Tables)

6 Months Ended

Jun. 30, 2013

Investments, Debt and Equity Securities [Abstract]

Summary of available-for-sale securities

The following is a summary of available-for-sale securities at:



		June 30, 2013				December 31, 2012
($ in thousands)	Fair Value Hierarchy	Cost		Estimated Fair Value		Cost		Estimated Fair Value
Certificates of deposit
with unrecognized losses for less than 12 months		$	1,623	$	1,615	$	1,578	$	1,571
with unrecognized losses for more than 12 months		354		353		508		507
with unrecognized gains		6,633		6,667		5,586		5,628
Total Certificates of deposit	Level 1	8,610		8,635		7,672		7,706
US Treasury and agency notes
with unrecognized losses for less than 12 months		3,913		3,894		3,057		3,024
with unrecognized losses for more than 12 months		5,312		5,288		874		873
with unrecognized gains		7,195		7,244		12,175		12,267
Total US Treasury and agency notes	Level 2	16,420		16,426		16,106		16,164
Corporate notes
with unrecognized losses for less than 12 months		9,479		9,305		1,993		1,971
with unrecognized losses for more than 12 months		329		328		201		200
with unrecognized gains		20,423		20,668		29,210		29,653
Total Corporate notes	Level 2	30,231		30,301		31,404		31,824
Municipal notes
with unrecognized losses for less than 12 months		2,185		2,160		1,961		1,948
with unrecognized losses for more than 12 months		720		716		620		613
with unrecognized gains		6,618		6,678		6,702		6,794
Total Municipal notes	Level 2	9,523		9,554		9,283		9,355
		$	64,784	$	64,916	$	64,465	$	65,049

Summary of maturities, at par, of marketable securities

The following tables summarize the maturities, at par, of marketable securities by year:



(in thousands)
At June 30, 2013	2013		2014		2015		2016		2017		Total
Certificates of deposit	$	1,255	$	1,627	$	4,213	$	1,301	$	97	$	8,493
U.S. Treasury and agency notes	3,566		7,287		3,448		1,750		391		16,442
Corporate notes	2,988		6,729		10,017		5,650		3,574		28,958
Municipal notes	1,335		4,365		2,205		1,135		205		9,245
	$	9,144	$	20,008	$	19,883	$	9,836	$	4,267	$	63,138



(in thousands)
At December 31, 2012	2013		2014		2015		2016		Total
Certificates of deposit	$	1,268	$	1,627	$	4,316	$	301	$	7,512
U.S. Treasury and agency notes	6,285		7,248		2,633		11		16,177
Corporate notes	10,916		6,729		9,420		3,325		30,390
Municipal notes	2,305		4,340		1,960		400		9,005
	$	20,774	$	19,944	$	18,329	$	4,037	$	63,084

Long Term Water Assets (Tables)

6 Months Ended

Jun. 30, 2013

Long Term Water Assets [Abstract]

Components of water assets

Annual costs associated with these contracts are expensed each quarter.

Purchased water assets consist of the following:



(in acre feet)	June 30, 2013	December 31, 2012
Banked water and water for future delivery
AVEK water bank	13,038	11,478
Company water bank	8,818	8,700
AVEK water for future delivery	2,362	2,362
Total Company and AVEK banked water	24,218	22,540
Transferable water with AVEK	14,786	14,786
SWP contracts	3,444	3,444
Total purchased water - third parties	42,448	40,770
WRMWSD - Contracts with Company	15,547	15,547
TCWD - Contracts with Company	5,479	5,479
TCWD - Banked water contracted to Company	38,943	38,943
Total purchased and contracted water sources in acre feet	102,417	100,739



($ in thousands)	June 30, 2013			December 31, 2012
Banked water and water for future delivery - Company and AVEK	$	4,775		$	4,448
Transferable water	8,988			8,988
SWP Contracts (net of accumulated amortization of $2,375 and $2,021 at June 30, 2013 and December 31 2012, respectively)	15,593			15,837
Total water assets	29,356			29,273
Less: current portion	(708		)	(708		)
Long-term water assets	$	28,648		$	28,565

Accrued Liabilities and Other (Tables)

6 Months Ended

Jun. 30, 2013

Payables and Accruals [Abstract]

Schedule of accrued liabilities

Accrued liabilities and other consists of the following:



($ in thousands)	June 30, 2013		December 31, 2012
Accrued vacation	$	687	$	674
Accrued paid personal leave	640		662
Accrued bonus	1,316		573
Other	639		223
	$	3,282	$	2,132

Short-Term and Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Components of Long-term debt

Long-term debt consists of the following:



($ in thousands)	June 30, 2013			December 31, 2012
Note payable to a bank	$	233		$	253
Less current portion	(42		)	(41		)
	$	191		$	212

Stock Compensation (Tables)

6 Months Ended

Jun. 30, 2013

Share-based Compensation [Abstract]

Schedule of performance share awards granted, by performance conditions

The payouts at each performance goal are as follows:



Performance Share Grants with Performance Conditions (in shares)
Below threshold performance		—
Threshold performance		82,296
Target performance		407,175
Maximum performance		594,993

Summary of stock grant activity

The following is a summary of the Company’s stock grant activity assuming target achievement for outstanding performance grants for the following periods:



	June 30, 2013		December 31, 2012
Stock Grants Outstanding Beginning of the Year	688,041		744,508
New Stock Grants/Estimated additional shares maximum performance	56,087		113,643
Vested Grants	(62,997	)	(170,110	)
Expired/Forfeited Grants	(221,552	)	—
Stock Grants Outstanding June 30, 2013	459,579		688,041

Schedule of employee service share-based compensation, allocation of recognized period costs

The following table summarizes stock compensation costs for the Company's 1998 Stock Incentive Plan, or Employee 1998 Plan, and the NDSI Plan for the following periods:



	Six Months Ended			Six Months Ended
Employee 1998 Plan:	June 30, 2013			June 30, 2012
Expensed	$	(952,000	)	$	3,475,000
Capitalized	208,000			167,000
	(744,000		)	3,642,000
NDSI Plan	384,000			183,000
	$	(360,000	)	$	3,825,000

- Definition

Tabular disclosure of the allocation of equity-based compensation costs to a given line item on the balance sheet and income statement for the period. This may include the reporting line for the costs and the amount capitalized and expensed.

+ References + Details

Retirement Plans (Tables)

6 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Expected total pension and retirement expense

The expected total pension and retirement expense for SERP was as follows:



	Six Months Ended
(In thousands)	2013			2012
Cost components:
Service cost-benefits earned during the period	$	(86	)	$	(86	)
Interest cost on projected benefit obligation	(108		)	(108		)
Net amortization and deferral	(144		)	(32		)
Total net periodic pension cost	$	(338	)	$	(226	)

The expected total pension and retirement expense for the Benefit Plan was as follows:



	Six Months Ended
(In thousands)	2013			2012
Cost components:
Service cost-benefits earned during the period	$	(142	)	$	(126	)
Interest cost on projected benefit obligation	(188		)	(192		)
Expected return on plan assets	228			222
Net amortization and deferral	(96		)	(210		)
Total net periodic pension cost	$	(198	)	$	(306	)

Business Segments (Tables)

6 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Revenue components of commercial/industrial real estate segment

The revenue components of our commercial/industrial real estate development segment for the six months ended June 30 are as follows:



(In thousands)	2013		2012
Commercial leases	$	3,401	$	2,958
Grazing leases	748		587
Land Sale	—		648
All other land management ancillary services	1,398		578
	$	5,547	$	4,771



	Six Months Ended
($ in thousands)	June 30, 2013		June 30, 2012
Oil and gas	$	4,418	$	6,510
Rock aggregate	296		305
Cement	375		337
Land lease for oil exploration	542		633
	$	5,631	$	7,785

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Investment in Unconsolidated and Consolidated Join Ventures (Tables)

6 Months Ended

Jun. 30, 2013

Equity Method Investments and Joint Ventures [Abstract]

Schedule of condensed income statement and balance sheet related to joint ventures



($ in thousands)	UNCONSOLIDATED																	CONSOLIDATED
Statement of Operations for the six months ended June 30, 2013	Petro Travel Plaza Holdings			Five West Parcel			Tejon Mountain Village			18-19 West		TRCC/Rock Outlet Center			Total			Centennial-VIE
Gross revenues	$	55,364		$	1,673		$	—		$	31	$	—		$	57,068		$	314
Net income (loss)	$	2,394		$	47		$	(83	)	$	25	$	(176	)	$	2,207		$	(232	)
Partner’s share of net income (loss)	$	958		$	23		$	(42	)	$	12	$	(88	)	$	863		$	(66	)
Equity in income (losses)	$	1,436		$	24		$	(41	)	$	13	$	247		$	1,679		$	—
Balance Sheet Information as of June 30, 2013
Current assets	$	11,256		$	1,214		$	255		$	30	$	9,381		$	22,136		$	142
Property and equipment, net	43,907			18,111			95,772			4,449		12,858			175,097			74,074
Other assets	227			651			—			—		—			878			—
Long-term debt	(16,988		)	(11,000		)	—			—		—			(27,988		)	—
Other liabilities	(2,309		)	(67		)	(520		)	—		(1,300		)	(4,196		)	(1,024		)
Net assets	$	36,093		$	8,909		$	95,507		$	4,479	$	20,939		$	165,927		$	73,192



($ in thousands)	UNCONSOLIDATED															CONSOLIDATED
Statement of Operations for the six months ended June 30, 2012	Petro Travel Plaza Holdings			Five West Parcel			Tejon Mountain Village			18-19 West			Total			Centennial-VIE
Gross revenues	$	59,001		$	975		$	—		$	53		$	60,029		$	135
Net income (loss)	$	1,540		$	(282	)	$	(47	)	$	46		$	1,257		$	(160	)
Partner’s share of net income (loss)	$	616		$	(141	)	$	(24	)	$	23		$	474		$	(50	)
Equity in income (losses)	$	675		$	(141	)	$	(23	)	$	23		$	534		$	(110	)
Balance Sheet Information as of December 31, 2012
Current assets	$	9,577		$	194		$	218		$	42		$	10,031		$	491
Property and equipment, net	44,196			19,025			92,846			4,412			160,479			72,356
Other assets	246			683			—			—			929			—
Long-term debt	(17,358		)	(11,000		)	—			—			(28,358		)	—
Other liabilities	(3,350		)	(39		)	(224		)	(1		)	(3,614		)	(1,099		)
Net assets	$	33,311		$	8,863		$	92,840		$	4,453		$	139,467		$	71,748

Basis of Presentation (Details)	6 Months Ended
Basis of Presentation (Details)	Jun. 30, 2013 segment
Basis of Presentation (Textual) [Abstract]
Number of reportable segments	4

Net Income (Loss) Per Share (Details) - shares	3 Months Ended		6 Months Ended
Net Income (Loss) Per Share (Details) - shares	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Weighted average number of shares outstanding:
Common stock	20,136,188	20,026,354	20,118,152	20,008,358
Common stock equivalents-stock options, grants	16,323	61,278	17,039	75,372
Diluted shares outstanding	20,152,511	20,087,632	20,135,191	20,083,730

- Definition

The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period.

+ References + Details

- Definition

Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1448-109256

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Weighted-Average Number of Common Shares Outstanding
-URI http://asc.fasb.org/extlink&oid=6528421

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 8
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 171
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 40
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Marketable Securities (Available-for-sale Securities) (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Summary of available-for-sale securities
Available-for-sale securities, Cost	$ 64,784	$ 64,465
Available-for-sale securities, Estimated Fair Value	64,916	65,049
Level 1 \| Certificates of deposit
Summary of available-for-sale securities
Unrecognized losses for less than 12 months	1,623	1,578
Unrecognized losses for less than 12 months, Estimated Fair value	1,615	1,571
Unrecognized losses for more than 12 months, Cost	354	508
Unrecognized losses for more than 12 months, Estimated Fair value	353	507
Unrecognized gains, Cost	6,633	5,586
Unrecognized gains, Estimated Fair value	6,667	5,628
Available-for-sale securities, Cost	8,610	7,672
Available-for-sale securities, Estimated Fair Value	8,635	7,706
Level 2 \| US Treasury and agency notes
Summary of available-for-sale securities
Unrecognized losses for less than 12 months	3,913	3,057
Unrecognized losses for less than 12 months, Estimated Fair value	3,894	3,024
Unrecognized losses for more than 12 months, Cost	5,312	874
Unrecognized losses for more than 12 months, Estimated Fair value	5,288	873
Unrecognized gains, Cost	7,195	12,175
Unrecognized gains, Estimated Fair value	7,244	12,267
Available-for-sale securities, Cost	16,420	16,106
Available-for-sale securities, Estimated Fair Value	16,426	16,164
Level 2 \| Corporate notes
Summary of available-for-sale securities
Unrecognized losses for less than 12 months	9,479	1,993
Unrecognized losses for less than 12 months, Estimated Fair value	9,305	1,971
Unrecognized losses for more than 12 months, Cost	329	201
Unrecognized losses for more than 12 months, Estimated Fair value	328	200
Unrecognized gains, Cost	20,423	29,210
Unrecognized gains, Estimated Fair value	20,668	29,653
Available-for-sale securities, Cost	30,231	31,404
Available-for-sale securities, Estimated Fair Value	30,301	31,824
Level 2 \| Municipal notes
Summary of available-for-sale securities
Unrecognized losses for less than 12 months	2,185	1,961
Unrecognized losses for less than 12 months, Estimated Fair value	2,160	1,948
Unrecognized losses for more than 12 months, Cost	720	620
Unrecognized losses for more than 12 months, Estimated Fair value	716	613
Unrecognized gains, Cost	6,618	6,702
Unrecognized gains, Estimated Fair value	6,678	6,794
Available-for-sale securities, Cost	9,523	9,283
Available-for-sale securities, Estimated Fair Value	$ 9,554	$ 9,355

Marketable Securities (Textual) (Details)	6 Months Ended
Marketable Securities (Textual) (Details)	Jun. 30, 2013 USD ($)
Marketable Securities (Textual) [Abstract]
Fair market value of investment securities exceeds cost basis	$ 132,000
Other-than-temporary impairments recorded for securities	0
Changes in unrealized gains on available for sale securities, taxes	(271,000)
Estimated taxes of change in value of available-for-sale securities	181,000
Gross unrealized holding gains	388,000
Gross unrealized holding losses	$ 256,000

Marketable Securities (Maturities, at par) (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Summary of maturities, at par, of marketable securities
2013	$ 9,144	$ 20,774
2014	20,008	19,944
2015	19,883	18,329
2016	9,836	4,037
2017	4,267
Total	63,138	63,084
Certificates of deposit
Summary of maturities, at par, of marketable securities
2013	1,255	1,268
2014	1,627	1,627
2015	4,213	4,316
2016	1,301	301
2017	97
Total	8,493	7,512
US Treasury and agency notes
Summary of maturities, at par, of marketable securities
2013	3,566	6,285
2014	7,287	7,248
2015	3,448	2,633
2016	1,750	11
2017	391
Total	16,442	16,177
Corporate notes
Summary of maturities, at par, of marketable securities
2013	2,988	10,916
2014	6,729	6,729
2015	10,017	9,420
2016	5,650	3,325
2017	3,574
Total	28,958	30,390
Municipal notes
Summary of maturities, at par, of marketable securities
2013	1,335	2,305
2014	4,365	4,340
2015	2,205	1,960
2016	1,135	400
2017	205
Total	$ 9,245	$ 9,005

Long Term Water Assets (Volume of Water Assets) (Details) - acre_foot	Jun. 30, 2013	Dec. 31, 2012
Banked water and water for future delivery
Company water bank	8,818	8,700
Total Company and AVEK banked water	24,218	22,540
Transferable water with AVEK	14,786	14,786
Total purchased water - third parties	42,448	40,770
Total purchased and contracted water sources in acre feet	102,417	100,739
AVEK
Banked water and water for future delivery
AVEK water bank	13,038	11,478
AVEK water for future delivery	2,362	2,362
SWP Contracts
Banked water and water for future delivery
SWP and TCWD contracts	3,444	3,444
WRMWSD
Banked water and water for future delivery
SWP and TCWD contracts	15,547	15,547
TCWD
Banked water and water for future delivery
Total Company and AVEK banked water	38,943	38,943
SWP and TCWD contracts	5,479	5,479

Long Term Water Assets (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Components of water assets
Total long-term assets	$ 29,356	$ 29,273
less: Current portion	(708)	(708)
Long-lived assets held-for-sale	28,648	28,565
Banked water and water for future delivery
Components of water assets
Total long-term assets	4,775	4,448
Transferable water
Components of water assets
Total long-term assets	8,988	8,988
SWP Contracts
Components of water assets
Total long-term assets	15,593	15,837
Accumulated amortization	$ 2,375	$ 2,021

Long Term Water Assets (Textual) (Details) - SWP Contracts $ in Thousands	6 Months Ended
	Jun. 30, 2013 USD ($)
Long Term Water Assets (Textual) [Abstract]
Amortization expense	$ 708
Annual amortization (Year1)	708
Annual amortization (Year2)	708
Annual amortization (Year3)	708
Annual amortization (Year4)	708
Annual amortization (Year5)	$ 708

Accrued Liabilities and Other (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Payables and Accruals [Abstract]
Accrued vacation	$ 687	$ 674
Accrued paid personal leave	640	662
Accrued bonus	1,316	573
Other	639	223
Total accrued liabilities and other	$ 3,282	$ 2,132

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable for incentive compensation awarded to employees and directors or earned by them based on the terms of one or more relevant arrangements. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred and payable for unused vacation time owed to employees based on the entity's vacation benefit given to its employees. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

- Definition

Carrying value as of the balance sheet date of obligations incurred through that date and payable arising from transactions not otherwise specified in the taxonomy. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer).

+ References + Details

Short-Term and Long-Term Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
Note payable to a bank	$ 233	$ 253
Current portion of long-term debt	(42)	(41)
Long-term debt, less current portion	$ 191	$ 212

Short-Term and Long-Term Debt (Details Textual) - USD ($)	6 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Short-Term and Long-Term Debt (Textual) [Abstract]
Liquid assets, debt covenant	$ 94,539,000	$ 90,753,000
Revolving line of credit
Short-Term and Long-Term Debt (Textual) [Abstract]
Line of credit amount	30,000,000
Standby letter of credit	$ 0
Interest rate on line of credit	interest rate on this line of credit can float at 2.50% over a selected LIBOR rate or can be fixed at 2.25% above LIBOR for a fixed rate term.
Credit facility maturity term	October 2013
Tangible net worth	$ 309,860,000
Liquid assets, debt covenant	75,394,000
Revolving line of credit \| Minimum
Short-Term and Long-Term Debt (Textual) [Abstract]
Minimum net worth required for debt compliance	175,000,000
Liquid assets, debt covenant	$ 25,000,000

Stock Compensation - Performance Share Grants with Performance Conditions (Details) - Performance Shares	6 Months Ended
	Jun. 30, 2013 shares
Performance Share Grants with Performance Conditions [Abstract]
Below threshold performance	0
Threshold and Target performance	407,175
Minimum
Performance Share Grants with Performance Conditions [Abstract]
Threshold and Target performance	82,296
Maximum
Performance Share Grants with Performance Conditions [Abstract]
Maximum performance	594,993

Stock Compensation - Stock Grant Activity (Details) - Restricted Stock and Performance Shares - shares	6 Months Ended	12 Months Ended
	Jun. 30, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number of Shares [Roll Forward]
Stock Grants Outstanding Beginning of the Year	688,041	744,508
New Stock Grants/Estimated additional shares maximum performance	56,087	113,643
Vested Grants	(62,997)	(170,110)
Expired/Forfeited Grants	(221,552)	0
Stock Grants Outstanding June 30, 2013	459,579	688,041

Stock Compensation - Compensation Costs (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Mar. 31, 2013	Jun. 30, 2013	Jun. 30, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unamortized cost associated with nonvested stock grants	$ 3,693		$ 3,693
Weighted average period of recognition			31 months
Compensation cost			$ (360)	$ 3,825
Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expensed		$ (485)
Chief Executive Officer
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expensed	$ (2,271)
Employee 1998 Plan:
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expensed			(952)	3,475
Capitalized			208	167
Compensation cost			(744)	3,642
NDSI Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expensed			$ 384	$ 183

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Income Taxes (Textual) [Abstract]
Income tax expense (benefit)	$ 686	$ 164	$ 833	$ (64)
Effective income tax rate			24.00%	(20.00%)
Income tax payable	$ 101		$ 101		$ 0
Income tax payments related to 2013 tax year			$ 100

- Definition

Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations.

+ References + Details

Commitments and Contingencies (Details)	6 Months Ended	12 Months Ended
Commitments and Contingencies (Details)	Jun. 30, 2013 USD ($) a	Dec. 31, 2012 USD ($)
Commitments and Contingencies (Textual) [Abstract]
Acres of land subject to water contracts \| a	5,488
Estimated future minimum annual payments	$ 2,500,000
Letter of credit period	2 years
Letter of credit renewal period	2 years
Expected reimbursements in current fiscal year	$ 14,139,000
Special taxes paid	$ 886,000	$ 606,000
Interest rate held by TCWD in KWBA	2.00%
West CFD [Member]
Commitments and Contingencies (Textual) [Abstract]
Acres of land released from land liens \| a	420
Standby letter of credit	$ 30,000,000
Additional bond debt authorized to be sold in future	0
Additional reimbursement funds	$ 0
East CFD [Member]
Commitments and Contingencies (Textual) [Abstract]
Acres of land released from land liens \| a	1,931
Standby letter of credit	$ 39,750,000
Additional bond debt authorized to be sold in future	80,250,000
Additional reimbursement funds	8,900,000
Standby letter of credit [Member]
Commitments and Contingencies (Textual) [Abstract]
Standby letter of credit	5,426,000
Letter of credit [Member]
Commitments and Contingencies (Textual) [Abstract]
Annual cost related to letter of credit	$ 83,000

Retirement Plans (Details Textual) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
Retirement Plans (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2013	Dec. 31, 2012
Retirement Plan (Textual) [Abstract]
Contribution to ERISA plan	$ 850
Equity and debt investment fluctuations by plus or minus	20.00%
Weighted-average discount rate and rate of increase in periodic pension costs	4.00%	4.00%
Expected long-term rate of return on plan assets	7.50%	7.50%
Equities [Member]
Retirement Plan (Textual) [Abstract]
Current investment policy target	65.00%
Target plan asset allocations range, maximum	78.00%
Target plan asset allocations range, minimum	52.00%
Investment mix target allocation	61.00%	71.00%
Debt [Member]
Retirement Plan (Textual) [Abstract]
Current investment policy target	25.00%
Investment mix target allocation	32.00%	26.00%
Money market funds [Member]
Retirement Plan (Textual) [Abstract]
Current investment policy target	10.00%
Investment mix target allocation	7.00%	3.00%

Retirement Plan (Details) - USD ($) $ in Thousands	6 Months Ended
Retirement Plan (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Benefit Plan [Member]
Cost components:
Service cost-benefits earned during the period	$ (142)	$ (126)
Interest cost on projected benefit obligation	(188)	(192)
Expected return on plan assets	228	222
Net amortization and deferral	(96)	(210)
Total net periodic pension cost	(198)	(306)
SERP [Member]
Cost components:
Service cost-benefits earned during the period	(86)	(86)
Interest cost on projected benefit obligation	(108)	(108)
Net amortization and deferral	(144)	(32)
Total net periodic pension cost	$ (338)	$ (226)

- Definition

An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 30
-Glossary Expected Return on Plan Assets
-URI http://asc.fasb.org/extlink&oid=6512136

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Glossary Expected Return on Plan Assets
-URI http://asc.fasb.org/extlink&oid=6512171

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(3)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References + Details

- Definition

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a, h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Business Segments (Details) - USD ($) $ in Thousands	6 Months Ended
Business Segments (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Real estate - commercial/industrial
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	$ 5,547	$ 4,771
Commercial leases
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	3,401	2,958
Grazing leases
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	748	587
Land Sale
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	0	648
All other land management ancillary services
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	1,398	578
Mineral resources
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	5,631	7,785
Oil and gas
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	4,418	6,510
Rock aggregate
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	296	305
Cement
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	375	337
Land lease for oil exploration
Revenue components of commercial/industrial real estate segment
Revenue of commercial/industrial real estate segment	$ 542	$ 633

Investment in Unconsolidated and Consolidated Joint Ventures (Textual) (Details) ft² in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013 USD ($) a	Jun. 30, 2012 USD ($)	Jun. 30, 2013 USD ($) a ft² Investment	Jun. 30, 2012 USD ($)	Dec. 31, 2012 USD ($)
Schedule of Equity Method Investments [Line Items]
Investments in unconsolidated joint ventures	$ 59,235		$ 59,235		$ 54,022
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Equity in earnings of unconsolidated joint ventures, net	1,270	$ 893	1,679	$ 534
Petro Travel Plaza Holdings LLC
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Investment in joint ventures	$ 9,027		$ 9,027
Minority investment in joint ventures	60.00%		60.00%
Ownership percentage			50.00%
Tejon Mountain Village LLC
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Investment in joint ventures	$ 41,862		$ 41,862
Percentage of ownership interest joint ventures	50.00%		50.00%
Rockefeller Joint Ventures
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Investment in joint ventures	$ 8,346		$ 8,346
Number of joint venture contracts \| Investment			3
Number of acres for development \| a			91
Five West Parcel LLC
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Percentage of ownership interest joint ventures	50.00%		50.00%
Area of building owned and leased \| ft²			606
18-19 West LLC
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Number of acres for development \| a			61.5
TRCC-East
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Investment in joint ventures	$ 10,558		$ 10,558
Centennial Founders, LLC
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Percentage of ownership interest joint ventures	72.01%		72.01%
Maximum \| Rockefeller Joint Ventures
Investment in Unconsolidated and Consolidated Joint Ventures (Textual) [Abstract]
Development of land in TRCC including pursuing Foreign Trade Zone \| a	500		500

Investment in Unconsolidated and Consolidated Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012	Dec. 31, 2012
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Net income (loss)	$ 2,084	$ 118	$ 2,699	$ 393
Current assets	94,539		94,539		$ 90,753
Property and equipment, net	140,013		140,013		146,590
Long-term debt	(233)		(233)		(253)
Total
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			57,068	60,029
Net income (loss)			2,207	1,257
Partner's share of net (income)			863	474
Equity in income (losses)			1,679	534
Current assets	22,136		22,136		10,031
Property and equipment, net	175,097		175,097		160,479
Other assets	878		878		929
Long-term debt	(27,988)		(27,988)		(28,358)
Other liabilities	(4,196)		(4,196)		(3,614)
Net assets	165,927		165,927		139,467
Petro Travel Plaza Holdings LLC
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			55,364	59,001
Net income (loss)			2,394	1,540
Partner's share of net (income)			958	616
Equity in income (losses)			1,436	675
Current assets	11,256		11,256		9,577
Property and equipment, net	43,907		43,907		44,196
Other assets	227		227		246
Long-term debt	(16,988)		(16,988)		(17,358)
Other liabilities	(2,309)		(2,309)		(3,350)
Net assets	36,093		36,093		33,311
Five West Parcel LLC
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			1,673	975
Net income (loss)			47	(282)
Partner's share of net (income)			23	(141)
Equity in income (losses)			24	(141)
Current assets	1,214		1,214		194
Property and equipment, net	18,111		18,111		19,025
Other assets	651		651		683
Long-term debt	(11,000)		(11,000)		(11,000)
Other liabilities	(67)		(67)		(39)
Net assets	8,909		8,909		8,863
Tejon Mountain Village LLC
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			0	0
Net income (loss)			(83)	(47)
Partner's share of net (income)			(42)	(24)
Equity in income (losses)			(41)	(23)
Current assets	255		255		218
Property and equipment, net	95,772		95,772		92,846
Other assets	0		0		0
Long-term debt	0		0		0
Other liabilities	(520)		(520)		(224)
Net assets	95,507		95,507		92,840
18-19 West LLC
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			31	53
Net income (loss)			25	46
Partner's share of net (income)			12	23
Equity in income (losses)			13	23
Current assets	30		30		42
Property and equipment, net	4,449		4,449		4,412
Other assets	0		0		0
Long-term debt	0		0		0
Other liabilities	0		0		(1)
Net assets	4,479		4,479		4,453
TRCC/Rock Outlet Center
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			0
Net income (loss)			(176)
Partner's share of net (income)			(88)
Equity in income (losses)			247
Current assets	9,381		9,381
Property and equipment, net	12,858		12,858
Other assets	0		0
Long-term debt	0		0
Other liabilities	(1,300)		(1,300)
Net assets	20,939		20,939
Centennial Founders, LLC
Condensed balance sheet information and statements of operations of unconsolidated and consolidated joint ventures
Gross revenues			314	135
Net income (loss)			(232)	(160)
Partner's share of net (income)			(66)	(50)
Equity in income (losses)			0	$ (110)
Current assets	142		142		491
Property and equipment, net	74,074		74,074		72,356
Other assets	0		0		0
Long-term debt	0		0		0
Other liabilities	(1,024)		(1,024)		(1,099)
Net assets	$ 73,192		$ 73,192		$ 71,748

Subsequent Event (Details) shares in Millions	Aug. 07, 2013 $ / shares $ / unit shares	Jun. 30, 2013 $ / shares	Dec. 31, 2012 $ / shares
Subsequent Event [Line Items]
Common stock, par value		$ 0.50	$ 0.50
Subsequent Event [Member]
Subsequent Event [Line Items]
Common stock, par value	$ 0.50
Ratio of Common Stock to Warrant	0.14771
Common Warrant [Member] \| Subsequent Event [Member]
Subsequent Event [Line Items]
Class of Warrant or Right, Exercise Price of Warrants or Rights \| $ / unit	40.00
Class of Warrant or Right, Number of Securities Called by Warrants or Rights \| shares	3