Segment Reporting

12 Months Ended

Dec. 31, 2011

Notes to Financial Statements [Abstract]

Segment Reporting

NOTE 14: SEGMENT REPORTING

Our Company operates principally in three segments: water activities, real estate transactions, and services and rentals.  The water segment is comprised of our core regulated water activities to supply water to our customers.  Our real estate transactions segment involves selling or donating for income tax benefits our limited excess real estate holdings.  Our services and rentals segment provides services on a contract basis and also leases certain of our properties to third parties.  The accounting policies of each reportable segment are the same as those described in the summary of significant accounting policies.

Financial data for reportable segments is as follows:

(in thousands)	Revenues		Depreciation		Other Operating Expenses		Other Income (Deductions)			Interest Expense (net of AFUDC)			Income Taxes			Net Income (Loss)
For the year ended December 31, 2011
Water Activities	$	70,892	$	7,773	$	39,211	$	(1,148	)	$	5,486		$	7,151		$	10,123
Real Estate Transactions		--		--		--		--			--			(176	)		176
Services and Rentals		4,682		7		3,014		--			(41	)		701			1,001
Total	$	75,574	$	7,780	$	42,225	$	(1,148	)	$	5,445		$	7,676		$	11,300
For the year ended December 31, 2010
Water Activities	$	67,753	$	7,088	$	40,301	$	(525	)	$	5,682		$	5,488		$	8,669
Real Estate Transactions		--		--		--		--			--			(230	)		230
Services and Rentals		5,074		7		3,618		--			(57	)		607			899
Total	$	72,827	$	7,095	$	43,919	$	(525	)	$	5,625		$	5,865		$	9,798
For the year ended December 31, 2009
Water Activities	$	60,648	$	6,403	$	38,255	$	(934	)	$	4,506		$	2,719		$	7,831
Real Estate Transactions		2,160		--		275		--			--			436			1,449
Services and Rentals		4,735		14		3,204		--			(5	)		593			929
Total	$	67,543	$	6,417	$	41,734	$	(934	)	$	4,501		$	3,748		$	10,209

The Revenues shown in Water Activities above consist of revenues from water customers of $69,402,000, $66,408,000 and $59,391,000 in the years 2011, 2010 and 2009, respectively.  Additionally, there were revenues associated with utility plant leased to others of $1,490,000, $1,345,000 and $1,257,000 in the years 2011, 2010 and 2009, respectively which are reflected in Other Utility Income, Net of Taxes on the consolidated statements of income.

The table below shows assets by segment:

At December 31 (in thousands):	2011		2010
Total Plant and Other Investments:
Water	$	364,955	$	349,221
Non-Water		635		566
Total Plant and Other Investments		365,590		349,787
Other Assets:
Water		96,996		71,588
Non-Water		2,245		2,824
Total Other Assets		99,241		74,412
Total Assets	$	464,831	$	424,199