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Consolidated Statments of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income $ 48,675 $ 45,017 $ 56,738
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 65,203 63,182 63,322
Amortization of debt premium and expenses 871 825 797
Changes in deferred income taxes 26,818 24,393 34,125
Change in value of life insurance contracts (1,026) 218 (994)
Stock-based compensation 2,849 2,578 2,195
Loss (gain) on sale of non-utility property 146 (315) (51)
Write-off of capital costs 3,221 0 0
Changes in operating assets and liabilities:      
Receivables (343) 1,855 4,983
Unbilled revenue (2,047) 559 (6,706)
Taxes, prepaid expenses, and other assets 1,276 (2,366) (4,160)
Accounts payable 3,839 (819) (1,370)
Other current liabilities 4,056 (1,106) (5,428)
Other changes in noncurrent assets and liabilities 6,162 10,610 (15,318)
Net cash provided by operating activities 159,700 144,631 128,133
Investing activities:      
Utility plant expenditures (228,938) (176,833) (132,015)
Proceeds from sale of non-utility assets 395 319 57
Life insurance benefits 495 0 0
Purchase of life insurance (2,857) (2,032) (3,207)
Change in restricted cash 66 288 396
Net cash used in investing activities (230,839) (178,258) (134,769)
Financing activities:      
Short-term borrowings net of expenses of $0 for 2016, $1,197 for 2015, and $0 for 2014 145,100 94,303 117,300
Repayment of short-term borrowings (81,615) (141,000) (85,000)
Issuance of long-term debt, net of expenses of $177 for 2016, $707 for 2015, and $0 for 2014 49,823 99,343 497
Advances and contributions in aid of construction 21,448 16,026 12,329
Refunds of advances for construction (6,885) (6,726) (6,641)
Retirement of long-term debt (6,996) (7,003) (8,705)
Dividends paid (33,081) (32,066) (31,063)
Net cash provided by (used in) financing activities 87,794 22,877 (1,283)
Change in cash and cash equivalents 16,655 (10,750) (7,919)
Cash and cash equivalents at beginning of year 8,837 19,587 27,506
Cash and cash equivalents at end of year 25,492 8,837 19,587
Cash paid (received) during the year for:      
Interest (net of amounts capitalized) 28,038 25,345 21,722
Income tax refunds 0 0 (6,000)
Supplemental disclosure of investing and financing non-cash activities:      
Accrued payables for investments in utility plant 27,150 21,546 15,621
Utility plant contributed by developers 16,824 7,383 11,556
Litigation proceeds for MTBE contamination reclassified from other long-term liabilities to Capital $ 484 $ 332 $ 0