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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
PROPERTY, PLANT AND EQUIPMENT:    
Property, plant and equipment $ 326,303 $ 312,148
Less accumulated depreciation (92,749) (85,093)
Net property, plant and equipment 233,554 227,055
CURRENT ASSETS:    
Cash and cash equivalents 7,513 12,756
Accounts receivable — net 1,631 1,488
Due from affiliates 426 406
Unbilled revenue 2,048 1,998
Prepaid expenses and other current assets 675 686
Total current assets 12,293 17,334
OTHER ASSETS:    
Goodwill 4,398 2,639
Intangible assets — net 12,554 12,972
Regulatory asset 1,715 1,793
Deposits Assets, Noncurrent 0 128
Restricted cash 1,582 441
Equity method investment 0 79
Other noncurrent assets 17 20
Total other assets 20,266 18,072
TOTAL ASSETS 266,113 262,461
CURRENT LIABILITIES:    
Accounts payable 992 604
Accrued expenses 7,546 7,465
Customer and meter deposits 1,445 1,460
Long-term debt and capital leases — current portion 117 47
Total current liabilities 10,100 9,576
NONCURRENT LIABILITIES:    
Long-term debt and capital leases 114,664 114,507
Deferred revenue - ICFA 17,372 17,358
Regulatory liability 8,803 8,851
Advances in aid of construction 67,621 67,684
Contributions in aid of construction — net 14,520 10,670
Deferred income tax liabilities, net 4,919 4,350
Acquisition liability 1,773 934
Other noncurrent liabilities 1,669 660
Total noncurrent liabilities 231,341 225,014
Total liabilities 241,441 234,590
Commitments and contingencies (Refer to Note 16)
SHAREHOLDERS' EQUITY:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 21,636,420 and 21,530,470 shares issued as of December 31, 2019 and December 31, 2018, respectively. 216 215
Treasury stock, 99,039 and 59,174 shares at December 31, 2019 and December 31, 2018, respectively. (1) (1)
Retained earnings 0 0
Total shareholders' equity 24,672 27,871
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 266,113 $ 262,461