XML 19 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
OPERATING REVENUE $ 65,575 $ 59,007 $ 116,724 $ 102,703
OPERATING EXPENSE:        
Purchased water 17,783 12,681 31,360 20,097
Power 1,303 1,373 2,168 2,387
Groundwater extraction charges 5,439 5,300 8,385 9,808
Other production costs 2,841 2,820 5,597 5,412
Total production costs 27,366 22,174 47,510 37,704
Administrative and general 10,746 9,658 21,294 19,294
Maintenance 3,133 3,476 6,122 6,524
Property taxes and other non-income taxes 2,419 2,123 4,854 4,210
Depreciation and amortization 8,326 7,792 16,634 15,586
Total operating expense 51,990 45,223 96,414 83,318
OPERATING INCOME 13,585 13,784 20,310 19,385
OTHER (EXPENSE) INCOME:        
Interest on long-term debt (4,659) (4,235) (9,339) (8,491)
Mortgage and other interest expense (391) (447) (786) (922)
Dividend income 61 60 121 120
Other, net 162 106 360 219
Income before income taxes 8,758 9,268 10,666 10,311
Provision for income taxes 3,557 3,817 4,356 4,250
NET INCOME 5,201 5,451 6,310 6,061
Other comprehensive income, net 59 28 48 17
COMPREHENSIVE INCOME $ 5,260 $ 5,479 $ 6,358 $ 6,078
EARNINGS PER SHARE        
Basic $ 0.28 $ 0.29 $ 0.34 $ 0.33
Diluted $ 0.28 $ 0.29 $ 0.34 $ 0.32
DIVIDENDS PER SHARE $ 0.18 $ 0.17 $ 0.36 $ 0.34
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic 18,626,547 18,577,226 18,619,149 18,573,701
Diluted 18,824,481 18,784,694 18,822,784 18,780,058