XML 13 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Sep. 30, 2013
Sep. 30, 2012
CONDENSED CONSOLIDATED STATEMENTS OF INCOME        
Operating revenue $ 184,404 $ 178,135 $ 450,403 $ 438,436
Operations:        
Water production costs 70,614 66,489 171,956 158,119
Administrative and general 24,670 23,925 73,106 69,110
Other operations 17,657 17,658 50,332 59,213
Maintenance 4,575 4,377 12,896 14,742
Depreciation and amortization 14,505 13,720 43,625 41,383
Income taxes 11,165 10,387 19,567 19,477
Property and other taxes 5,414 5,218 16,564 13,802
Total operating expenses 148,600 141,774 388,046 375,846
Net operating income 35,804 36,361 62,357 62,590
Other income and expenses:        
Non-regulated revenue 3,649 3,756 10,386 11,943
Non-regulated expenses, net (2,825) (2,697) (8,482) (8,491)
Income tax (expense) on other income and expenses (330) (422) (765) (1,383)
Net other income 494 637 1,139 2,069
Interest expense:        
Interest expense 7,687 8,024 23,527 23,484
Less: capitalized interest (540) (798) (1,619) (2,647)
Net interest expense 7,147 7,226 21,908 20,837
Net income $ 29,151 $ 29,772 $ 41,588 $ 43,822
Earnings per share        
Basic (in dollars per share) $ 0.61 $ 0.71 $ 0.91 $ 1.05
Diluted (in dollars per share) $ 0.61 $ 0.71 $ 0.90 $ 1.05
Weighted average shares outstanding        
Basic (in shares) 47,737 41,905 45,927 41,886
Diluted (in shares) 47,770 41,905 45,957 41,886
Dividends declared per share of common stock (in dollars per share) $ 0.16000 $ 0.15750 $ 0.4800 $ 0.47250