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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Operating Revenues        
Electric $ 102,231 $ 97,918 $ 220,774 $ 210,903
Product Sales 109,855 105,564 205,429 198,821
Total Operating Revenues 212,086 203,482 426,203 409,724
Operating Expenses        
Production Fuel – Electric 12,477 9,990 28,859 25,690
Purchased Power – Electric System Use 16,376 15,127 35,564 32,013
Electric Operation and Maintenance Expenses 37,850 38,981 76,229 78,999
Cost of Products Sold (depreciation included below) 84,013 80,949 159,290 153,588
Other Nonelectric Expenses 10,164 9,238 20,602 20,693
Depreciation and Amortization 17,908 18,525 35,762 36,814
Property Taxes – Electric 3,709 3,589 7,507 7,268
Total Operating Expenses 182,497 176,399 363,813 355,065
Operating Income 29,589 27,083 62,390 54,659
Interest Charges 7,527 7,976 14,989 15,970
Other Income 552 1,532 1,105 1,932
Income Before Income Taxes—Continuing Operations 22,614 20,639 48,506 40,621
Income Tax Expense—Continuing Operations 5,897 5,083 12,260 10,575
Net Income from Continuing Operations 16,717 15,556 36,246 30,046
Discontinued Operations        
Income – net of Income Tax Expense of $40, $80, $78 and $100 for the respective periods 61 119 117 149
Net Income $ 16,778 $ 15,675 $ 36,363 $ 30,195
Average Number of Common Shares Outstanding—Basic (in shares) 39,462,865 38,179,371 39,406,834 38,058,157
Average Number of Common Shares Outstanding—Diluted (in shares) 39,702,499 38,321,289 39,671,612 38,183,249
Basic Earnings Per Common Share:        
Continuing Operations (in dollars per share) $ 0.43 $ 0.41 $ 0.92 $ 0.79
Discontinued Operations (in dollars per share)
(in dollars per share) 0.43 0.41 0.92 0.79
Diluted Earnings Per Common Share:        
Continuing Operations (in dollars per share) 0.42 0.41 0.92 0.79
Discontinued Operations (in dollars per share)
(in dollars per share) 0.42 0.41 0.92 0.79
Dividends Declared Per Common Share (in dollars per share) $ 0.32 $ 0.3125 $ 0.64 $ 0.625