XML 32 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Operating Revenues        
Electric $ 82,838 $ 78,940 $ 183,814 $ 168,909
Nonelectric 129,551 132,461 246,529 262,382
Total Operating Revenues 212,389 211,401 430,343 431,291
Operating Expenses        
Production Fuel - Electric 15,603 12,455 33,556 27,879
Purchased Power - Electric System Use 11,245 12,328 27,884 26,486
Electric Operation and Maintenance Expenses 35,805 32,407 68,252 62,420
Asset Impairment Charge - Electric       432
Cost of Goods Sold - Nonelectric (excludes depreciation; included below) 103,937 108,426 195,999 218,722
Other Nonelectric Expenses 12,176 12,979 25,954 26,881
Depreciation and Amortization 14,835 14,890 29,755 29,683
Property Taxes - Electric 3,009 2,670 5,925 5,287
Total Operating Expenses 196,610 196,155 387,325 397,790
Operating Income 15,779 15,246 43,018 33,501
Interest Charges 6,877 8,472 13,857 17,066
Other Income 696 644 1,557 1,626
Income from Continuing Operations Before Income Taxes 9,598 7,418 30,718 18,061
Income Taxes - Continuing Operations 2,094 517 7,980 985
Net Income from Continuing Operations 7,504 6,901 22,738 17,076
Discontinued Operations        
Income - net of Income Tax Expense (Benefit) of $131, $3,093, ($75) and $3,506 for the respective periods 197 3,657 116 3,814
Impairment Loss - net of Income Tax (Benefit) of $0, ($18,114), $0 and ($18,114) for the respective periods   (27,459)   (27,459)
(Loss) Gain on Disposition - net of Income Tax (Benefit) Expense of $0, ($35), $6, and ($169) for the respective periods   (455) 210 (3,544)
Net Income (Loss) from Discontinued Operations 197 (24,257) 326 (27,189)
Net Income (Loss) 7,701 (17,356) 23,064 (10,113)
Preferred Dividend Requirements and Other Adjustments   184 513 368
Earnings (Loss) Available for Common Shares $ 7,701 $ (17,540) $ 22,551 $ (10,481)
Average Number of Common Shares Outstanding-Basic 36,170,353 36,031,447 36,122,742 36,013,313
Average Number of Common Shares Outstanding-Diluted 36,373,606 36,222,944 36,325,527 36,204,810
Basic Earnings (Loss) Per Common Share:        
Continuing Operations (net of preferred dividend requirement and other adjustments) $ 0.21 $ 0.19 $ 0.61 $ 0.46
Discontinued Operations   $ (0.68) $ 0.01 $ (0.75)
Earnings Per Share, Basic, Total $ 0.21 $ (0.49) $ 0.62 $ (0.29)
Diluted Earnings (Loss) Per Common Share:        
Continuing Operations (net of preferred dividend requirement and other adjustments) $ 0.21 $ 0.19 $ 0.61 $ 0.46
Discontinued Operations   $ (0.67) $ 0.01 $ (0.75)
Earnings Per Share, Diluted, Total $ 0.21 $ (0.48) $ 0.62 $ (0.29)
Dividends Declared Per Common Share $ 0.2975 $ 0.2975 $ 0.5950 $ 0.5950