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CONDENSED CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]                
Operating revenue $ 304,108     $ 232,537     $ 605,155 $ 537,679
Operations:                
Water production costs 85,344     80,568     210,462 190,795
Administrative and general 29,208     26,779     85,827 81,310
Other operations 29,746     24,550     69,618 64,913
Maintenance 7,129     7,065     20,924 19,212
Depreciation and amortization 24,699     22,273     73,733 66,967
Income taxes 13,804     12,194     10,489 13,524
Property and other taxes 8,116     7,541     22,470 21,902
Total operating (income) expenses 198,046     180,970     493,523 458,623
Net operating income 106,062     51,567     111,632 79,056
Other income and expenses:                
Non-regulated revenue 3,934     4,118     11,969 14,149
Non-regulated expenses (2,865)     (4,351)     (11,811) (10,470)
Other components of net periodic benefit cost (1,008)     (1,857)     (3,770) (4,308)
Allowance for equity funds used during construction 973     1,868     4,292 5,087
Income tax (expense) benefit on other income and expenses (245)     330     (152) (985)
Net other income 789     108     528 3,473
Interest expense:                
Interest expense 11,162     10,279     33,573 33,532
Allowance for borrowed funds used during construction (671)     (1,028)     (2,747) (2,783)
Net interest expense 10,491     9,251     30,826 30,749
Net income $ 96,360 $ 5,281 $ (20,307) $ 42,424 $ 16,996 $ (7,640) $ 81,334 $ 51,780
Earnings per share:                
Basic (in dollars per share) $ 1.94     $ 0.88     $ 1.66 $ 1.08
Diluted (in dollars per share) $ 1.94     $ 0.88     $ 1.66 $ 1.08
Weighted average shares outstanding:                
Basic (in shares) 49,576     48,141     49,034 48,121
Diluted (in shares) 49,576     48,141     49,034 48,121