XML 59 R27.htm IDEA: XBRL DOCUMENT v2.4.0.6
Aquisitions Acquisitions (Tables)
 6 Months Ended
Jun. 30, 2012
Acquisitions [Abstract]  
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]
The following table summarizes the fair value of the assets acquired on January 1, 2012, the date of the acquisition (in thousands):

Net Utility Plant
$
51,861

Cash and Cash Equivalents
1,607

Accounts Receivable, net
974

Prepayments and Other Current Assets
1,819

Goodwill
18,126

Deferred Charges and Other Costs
4,352

Total Assets Acquired
$
78,739

 
 

Long-Term Debt, including current portion
$
18,259

Accounts Payable and Accrued Expenses
1,137

Other Current Liabilities
1,289

Advances for Construction
1,186

Contributions in Aid of Construction
8,886

Deferred Federal and State Income Taxes
8,919

Other Long-Term Liabilities
2,737

Total Liabilities Assumed
$
42,413

 
 

Net Assets Acquired
$
36,326
Business Acquisition, Pro Forma Information [Table Text Block]
The following unaudited pro forma summary for the three and six months ended June 30, 2011 presents information as if Maine Water had been acquired on January 1, 2011 and assumes that there were no other changes in our operations.  The following pro forma information does not necessarily reflect the actual results that would have occurred had the Company operated the business since January 1, 2011, nor is it necessarily indicative of the future results of operations of the combined companies (in thousands):
Periods ended June 30, 2011
Three Months
 
Six Months
Operating Revenues
$
20,079

 
$
38,690

Other Water Activities Revenues
366

 
700

Real Estate Revenues
—

 
—

Service and Rentals Revenues
1,267

 
2,617

Total Revenues
$
21,712

 
$
42,007

 
 

 
 
Net Income
$
3,633

 
$
5,831

 
 

 
 
Basic Earnings per Average Share Outstanding
$
0.42

 
$
0.68

Diluted Earnings per Average Share Outstanding
$
0.42

 
$
0.67



The following table summarizes the results of Maine Water for the three and six months ended June 30, 2012, and is included in the Consolidated Statement of Income for the period (in thousands):
Periods ended June 30, 2012
Three Months
 
Six Months
Operating Revenues
$
2,790

 
$
5,434

Other Water Activities Revenues
—

 
—

Real Estate Revenues
—

 
—

Service and Rentals Revenues
175

 
355

Total Revenues
$
2,965

 
$
5,789

 
 

 
 
Net Income
$
355

 
$
710

 
 

 
 
Basic Earnings per Average Share Outstanding
$
0.04

 
$
0.08

Diluted Earnings per Average Share Outstanding
$
0.04

 
$
0.08