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Consolidated Statments of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Operating activities:      
Net income $ 45,017 $ 56,738 $ 47,254
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 63,182 63,322 60,250
Amortization of debt premium and expenses 825 797 1,081
Changes in deferred income taxes 24,393 34,125 9,800
Change in value of life insurance contracts 218 (994) (1,878)
Stock-based compensation 2,578 2,195 1,832
(Gain) on sale of non-utility property (315) (51) 0
Changes in operating assets and liabilities:      
Receivables 1,855 4,983 (7,201)
Unbilled revenue 559 (6,706) (1,640)
Taxes, prepaid expenses, and other assets (2,366) (4,160) 1,490
Accounts payable (819) (1,370) 3,809
Other current liabilities (1,106) (5,428) (868)
Other changes in noncurrent assets and liabilities 10,610 (15,318) 10,244
Net cash provided by operating activities 144,631 128,133 124,173
Investing activities:      
Utility plant expenditures (176,833) (132,015) (122,988)
Proceeds from sale of non-utility assets 319 57 0
Purchase of life insurance (2,032) (3,207) (3,281)
Change in restricted cash 288 396 1,073
Net cash used in investing activities (178,258) (134,769) (125,196)
Financing activities:      
Short-term borrowings net of expenses of $1,197 for 2015, none for 2014 and 2013 94,303 117,300 70,615
Repayment of short-term borrowings (141,000) (85,000) (113,275)
Issuance of common stock 0 0 110,688
Common stock issuance cost 0 0 (5,111)
Issuance of long-term debt, net of expenses of $707 for 2015, none for 2014 and 2013 99,343 497 48
Advances and contributions in aid of construction 16,026 12,329 10,563
Refunds of advances for construction (6,726) (6,641) (6,922)
Retirement of long-term debt (7,003) (8,705) (47,248)
Dividends paid (32,066) (31,063) (29,619)
Net cash provided by (used in) financing activities 22,877 (1,283) (10,261)
Change in cash and cash equivalents (10,750) (7,919) (11,284)
Cash and cash equivalents at beginning of year 19,587 27,506 38,790
Cash and cash equivalents at end of year 8,837 19,587 27,506
Cash paid (received) during the year for:      
Interest (net of amounts capitalized) 25,345 21,722 28,171
Income taxes 0 0 7,700
Income tax refunds 0 (6,000) 0
Supplemental disclosure of investing and financing non-cash activities:      
Accrued payables for investments in utility plant 21,546 15,621 9,932
Utility plant contributed by developers 7,383 11,556 17,329
Litigation proceeds for MTBE contamination reclassified from other long-term liabilities to Capital $ 332 $ 0 $ 7,029