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CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
PROPERTY, PLANT AND EQUIPMENT:    
Property, plant and equipment $ 281,428 $ 273,366
Less accumulated depreciation (74,079) (72,877)
Net property, plant and equipment 207,349 200,489
CURRENT ASSETS:    
Cash and cash equivalents 14,807 20,498
Accounts receivable — net 1,328 1,471
Due from affiliates 444 333
Accrued revenue 1,631 1,619
Prepaid expenses and other current assets 796 819
Total current assets 19,006 24,740
OTHER ASSETS:    
Intangible assets — net 12,772 12,772
Regulatory asset 81 110
Deposits 5  
Bond service fund and other restricted cash 230 228
Equity method investment 602 480
Total other assets 13,690 13,590
TOTAL ASSETS 240,045 238,819
CURRENT LIABILITIES:    
Accounts payable 3,039 1,791
Accrued expenses 8,462 7,602
Deferred revenue 8 1
Customer and meter deposits 1,406 1,482
Long-term debt and capital leases — current portion 7 25
Total current liabilities 12,922 10,901
NONCURRENT LIABILITIES:    
Long-term debt and capital leases 114,280 114,317
Deferred regulatory gain - ICFA 19,739 19,740
Regulatory liability 7,859 7,859
Advances in aid of construction 62,232 61,996
Contributions in aid of construction — net 4,506 4,585
Deferred income tax liabilities, net 2,440 2,383
Acquisition liability 934 934
Other noncurrent liabilities 896 913
Total noncurrent liabilities 212,886 212,727
Total liabilities 225,808 223,628
Commitments and contingencies (see Note 13)
SHAREHOLDERS' EQUITY:    
Common stock, $0.01 par value, 60,000,000 shares authorized; 19,581,266 shares issued as of March 31, 2017 and December 31, 2016 196 196
Paid in capital 18,506 19,510
Accumulated deficit (4,465) (4,515)
Total shareholders' equity 14,237 15,191
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 240,045 $ 238,819