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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
OPERATING ACTIVITIES:    
Net Income $ 56,567 $ 39,867
Items not affecting cash:    
Depreciation and depletion 41,461 39,890
Amortization of debt issue costs, discount and deferred hedge gain 1,201 979
Stock-based compensation costs 2,332 2,242
Equity portion of allowance for funds used during construction (984) (652)
Gain on disposition of assets (86) (55)
Deferred income taxes 5,410 3,077
Changes in current assets and liabilities:    
Restricted cash (426) (197)
Accounts receivable 17,004 19,427
Inventories 6,929 6,825
Other current assets 2,386 (3,374)
Accounts payable (15,806) (11,303)
Accrued expenses 33,306 38,023
Regulatory assets 17,004 10,550
Regulatory liabilities (7,330) (2,971)
Other noncurrent assets (3,301) (1,485)
Other noncurrent liabilities 1,108 1,293
Cash Provided by Operating Activities 156,775 142,136
INVESTING ACTIVITIES:    
Property, plant, and equipment additions (51,519) (51,318)
Proceeds from sale of assets 76 51
Cash Used in Investing Activities (51,443) (51,267)
FINANCING ACTIVITIES:    
Treasury stock activity (872) (1,788)
Dividends on common stock (25,194) (23,922)
Repayments of short-term borrowings, net (71,910) (67,961)
Financing costs (2) (151)
Cash Used in Financing Activities (97,978) (93,822)
Increase (Decrease) in Cash and Cash Equivalents 7,354 (2,953)
Cash and Cash Equivalents, beginning of period 5,079 11,980
Cash and Cash Equivalents, end of period 12,433 9,027
Cash paid (received) during the period for:    
Income taxes 61 (2,948)
Interest 11,242 12,977
Significant non-cash transactions:    
Capital expenditures included in accounts payable $ 6,788 $ 5,805