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Consolidated Statements of Income (not audited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating Revenues        
Electric $ 102,712 $ 100,538 $ 313,615 $ 304,998
Product Sales 94,463 99,485 293,284 286,019
Total Operating Revenues 197,175 200,023 606,899 591,017
Operating Expenses        
Production Fuel - Electric 14,789 11,124 40,479 29,906
Purchased Power - Electric System Use 11,473 18,725 43,486 62,101
Electric Operation and Maintenance Expenses 36,207 32,648 115,206 107,929
Cost of Products Sold (depreciation included below) 75,405 78,428 228,993 224,912
Other Nonelectric Expenses 10,197 10,771 30,890 32,057
Depreciation and Amortization 18,314 15,141 55,128 44,337
Property Taxes - Electric 3,506 3,560 10,774 10,324
Total Operating Expenses 169,891 170,397 524,956 511,566
Operating Income 27,284 29,626 81,943 79,451
Interest Charges 8,026 7,730 23,996 23,175
Other Income 499 334 2,431 1,473
Income Before Income Taxes - Continuing Operations 19,757 22,230 60,378 57,749
Income Tax Expense - Continuing Operations 5,163 6,521 15,738 14,602
Net Income from Continuing Operations 14,594 15,709 44,640 43,147
Discontinued Operations        
Income (Loss) - net of Income Tax Expense (Benefit) of $14, ($168), $114 and ($2,873) for the respective periods 22 (252) 171 (4,316)
Impairment Loss - net of Income Tax Benefit of$0 for the nine months ended September 30, 2015       (1,000)
(Loss) Gain on Disposition - net of Income Tax (Benefit) Expense of ($43) and $4,493 for the three and nine months ended September 30, 2015   (65)   6,932
Net Income (Loss) from Discontinued Operations 22 (317) 171 1,616
Net Income $ 14,616 $ 15,392 $ 44,811 $ 44,763
Average Number of Common Shares Outstanding - Basic 38,832,659 37,575,413 38,316,324 37,417,283
Average Number of Common Shares Outstanding - Diluted 39,005,706 37,794,543 38,457,401 37,636,413
Basic Earnings (Loss) Per Common Share:        
Continuing Operations (in dollars per share) $ 0.38 $ 0.42 $ 1.17 $ 1.15
Discontinued Operations (in dollars per share)   (0.01)   0.05
Earnings Per Share, Basic, Total (in dollars per share) 0.38 0.41 1.17 1.20
Diluted Earnings (Loss) Per Common Share:        
Continuing Operations (in dollars per share) 0.37 0.42 1.16 1.15
Discontinued Operations (in dollars per share)   (0.01) 0.01 0.04
Earnings Per Share, Diluted, Total (in dollars per share) 0.37 0.41 1.17 1.19
Dividends Declared Per Common Share (in dollars per share) $ 0.3125 $ 0.3075 $ 0.9375 $ 0.9225