Segment and Nonregulated Business Reporting

9 Months Ended

Sep. 30, 2012

Segment Reporting [Abstract]

SEGMENT AND NONREGULATED BUSINESS REPORTING

Segment and Nonregulated Business Reporting

SJW Corp. is a holding company with four subsidiaries: (i) San Jose Water Company, a water utility operation with both regulated and nonregulated businesses, (ii) SJW Land Company and its consolidated variable interest entity, 444 West Santa Clara Street, L.P., operate commercial building rentals, (iii) SJWTX, Inc. which is doing business as Canyon Lake Water Service Company, a regulated water utility located in Canyon Lake, Texas, and its consolidated nonregulated variable interest entity, Acequia Water Supply Corporation, and (iv) Texas Water Alliance Limited, a nonregulated water utility operation which is undertaking activities that are necessary to develop a water supply project in Texas. In accordance with FASB ASC Topic 280 – “Segment Reporting,” SJW Corp. has determined that it has two reportable business segments. The first segment is that of providing water utility and utility-related services to its customers through SJW Corp.’s subsidiaries, San Jose Water Company, Canyon Lake Water Service Company, and Texas Water Alliance Limited, together referred to as “Water Utility Services.” The second segment is property management and investment activity conducted by SJW Land Company, referred to as “Real Estate Services.”

SJW Corp.’s reportable segments have been determined based on information used by the chief operating decision maker. SJW Corp.’s chief operating decision maker is its President and Chief Executive Officer (“CEO”). The CEO reviews financial information presented on a consolidated basis that is accompanied by disaggregated information about operating revenue, net income and total assets, by subsidiaries.

The tables below set forth information relating to SJW Corp.’s reportable segments and distribution of regulated and nonregulated business activities within the reportable segments. Certain allocated assets, revenue and expenses have been included in the reportable segment amounts. Other business activity of SJW Corp. not included in the reportable segments is included in the “All Other” category.

	For Three Months Ended September 30, 2012
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non regulated	Non regulated	Non regulated		Regulated	Non regulated	Total
Operating revenue	$	79,333	1,855	1,186	—		79,333	3,041	82,374
Operating expense	59,239		1,233	805	220		59,239	2,258	61,497
Operating income (loss)	20,094		622	381	(220	)	20,094	783	20,877
Net income (loss)	9,632		326	492	(366	)	9,632	452	10,084
Depreciation and amortization	7,794		88	406	—		7,794	494	8,288
Senior note, mortgage and other interest expense	4,140		—	380	543		4,140	923	5,063
Income tax expense (benefit) in net income	6,557		246	338	(275	)	6,557	309	6,866
Assets	$	980,086	13,100	74,116	8,017		980,086	95,233	1,075,319

	For Three Months Ended September 30, 2011
	Water Utility Services			Real Estate Services		All Other*		SJW Corp.
	Regulated		Non regulated	Non regulated		Non regulated		Regulated	Non regulated		Total
Operating revenue	$	71,013	1,704	1,197		—		71,013	2,901		73,914
Operating expense	52,898		1,145	844		541		52,898	2,530		55,428
Operating income (loss)	18,115		559	353		(541	)	18,115	371		18,486
Net income (loss)	8,509		312	(80	)	(526	)	8,509	(294	)	8,215
Depreciation and amortization	7,284		92	427		—		7,284	519		7,803
Senior note, mortgage and other interest expense	4,159		—	423		538		4,159	961		5,120
Income tax expense (benefit) in net income	5,582		227	(63	)	(386	)	5,582	(222	)	5,360
Assets	$	885,053	11,561	80,895		35,734		885,053	128,190		1,013,243

	For Nine Months Ended September 30, 2012
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non regulated	Non regulated	Non regulated		Regulated	Non regulated		Total
Operating revenue	$	191,059	4,351	3,688	—		191,059	8,039		199,098
Operating expense	151,586		3,140	2,478	707		151,586	6,325		157,911
Operating income (loss)	39,473		1,211	1,210	(707	)	39,473	1,714		41,187
Net income (loss)	16,450		593	406	(1,055	)	16,450	(56	)	16,394
Depreciation and amortization	23,348		269	1,305	—		23,348	1,574		24,922
Senior note, mortgage and other interest expense	12,392		—	1,165	1,631		12,392	2,796		15,188
Income tax expense (benefit) in net income	11,261		479	279	(797	)	11,261	(39	)	11,222
Assets	$	980,086	13,100	74,116	8,017		980,086	95,233		1,075,319

	For Nine Months Ended September 30, 2011
	Water Utility Services			Real Estate Services		All Other*		SJW Corp.
	Regulated		Non regulated	Non regulated		Non regulated		Regulated	Non regulated		Total
Operating revenue	$	169,355	3,879	3,383		—		169,355	7,262		176,617
Operating expense	132,044		2,650	2,493		1,559		132,044	6,702		138,746
Operating income (loss)	37,311		1,229	890		(1,559	)	37,311	560		37,871
Net income (loss)	14,918		662	(347	)	(957	)	14,918	(642	)	14,276
Depreciation and amortization	21,854		269	1,266		—		21,854	1,535		23,389
Senior note, mortgage and other interest expense	12,660		—	1,315		558		12,660	1,873		14,533
Income tax expense (benefit) in net income	10,105		486	(249	)	(732	)	10,105	(495	)	9,610
Assets	$	885,053	11,561	80,895		35,734		885,053	128,190		1,013,243

* The “All Other” category includes the accounts of SJW Corp. on a stand-alone basis.