XML 60 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Income (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 12 Months Ended
Dec. 31, 2011
Sep. 30, 2011
Jun. 30, 2011
Mar. 31, 2011
Dec. 31, 2010
Sep. 30, 2010
Jun. 30, 2010
Mar. 31, 2010
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Operating revenue $ 103,014 $ 169,254 $ 131,397 $ 98,149 $ 105,457 $ 146,349 $ 118,321 $ 90,272 $ 501,814 $ 460,399 $ 449,372
Operations:                      
Purchased water                 142,570 125,930 121,695
Purchased power                 30,053 29,577 28,252
Pump taxes                 9,130 8,600 9,537
Administrative and general                 85,758 75,276 75,243
Other                 54,696 56,518 56,577
Maintenance                 20,698 19,685 18,537
Depreciation and amortization                 50,385 42,828 39,778
Income taxes                 23,025 23,069 24,812
Property and other taxes                 18,332 17,103 16,822
Total operating expenses                 434,647 398,586 391,253
Net operating income 7,586 30,078 19,555 9,948 11,906 25,865 16,284 7,758 67,167 61,813 58,119
Other income and expenses:                      
Non-regulated revenue                 16,160 15,993 18,190
Non-regulated expense                 (15,822) (12,312) (12,452)
Gain on sale of non-utility property                 62 22 560
Income tax (expense) on other income and expenses                 (141) (1,487) (2,550)
Net other income                 259 2,216 3,748
Interest expense:                      
Interest expense                 32,455 27,936 24,394
Less: capitalized interest                 (2,741) (1,563) (3,081)
Net interest expense                 29,714 26,373 21,313
Net income $ 1,868 $ 20,935 $ 12,190 $ 2,719 $ 4,871 $ 20,386 $ 10,381 $ 2,018 $ 37,712 $ 37,656 $ 40,554
Earnings per share:                      
Basic (in dollars per share)                 $ 0.90 $ 0.90 $ 0.98
Diluted (in dollars per share) $ 0.04 $ 0.50 $ 0.29 $ 0.07 $ 0.11 $ 0.49 $ 0.25 $ 0.05 $ 0.90 $ 0.90 $ 0.98
Weighted average number of common shares outstanding:                      
Basic (in shares)                 41,762 41,612 41,490
Diluted (in shares)                 41,772 41,638 41,532