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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating revenue $ 131,397 $ 118,321 $ 229,546 $ 208,593
Operations:        
Water production costs 44,745 41,834 76,703 72,289
Administrative and general 20,554 18,480 41,056 35,924
Other operations 15,738 14,749 30,373 28,315
Maintenance 5,288 5,158 10,487 10,109
Depreciation and amortization 12,373 10,638 24,961 21,430
Income taxes 8,638 7,091 7,397 8,499
Property and other taxes 4,506 4,087 9,066 7,990
Total operating expenses 111,842 102,037 200,043 184,556
Net operating income 19,555 16,284 29,503 24,037
Other income and expenses:        
Non-regulated revenue 3,739 3,692 8,072 7,113
Non-regulated expenses, net (3,509) (3,691) (6,933) (7,237)
Gain on sale of non-utility property 62   62  
Income tax (expense) benefit on other income and expenses (112)   (478) 60
Net other income (expense) 180 1 723 (64)
Interest expense:        
Interest expense 8,061 6,939 16,549 13,428
Less: capitalized interest (516) (1,035) (1,232) (1,854)
Net interest expense 7,545 5,904 15,317 11,574
Net income $ 12,190 $ 10,381 $ 14,909 $ 12,399
Earnings per share        
Basic (in dollars per share) $ 0.29 $ 0.25 $ 0.36 $ 0.30
Diluted (in dollars per share) $ 0.29 $ 0.25 $ 0.36 $ 0.30
Weighted average shares outstanding        
Basic (in shares) 41,752 41,606 41,724 41,582
Diluted (in shares) 41,768 41,636 41,740 41,612
Dividends declared per share of common stock (in dollars per share) $ 0.15375 $ 0.14875 $ 0.30750 $ 0.29750