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Condensed Consolidated Statements of Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Sep. 30, 2012
Sep. 30, 2011
OPERATING REVENUE $ 82,374 $ 73,914 $ 199,098 $ 176,617
OPERATING EXPENSE:        
Purchased water 22,768 19,182 54,128 39,279
Power 2,274 1,979 4,442 4,366
Groundwater extraction charges 8,672 7,824 17,057 17,632
Other production costs 2,914 3,030 8,511 8,442
Total production costs 36,628 32,015 84,138 69,719
Administrative and general 10,773 9,882 32,067 29,176
Maintenance 3,411 3,331 9,533 9,855
Property taxes and other non-income taxes 2,397 2,397 7,251 6,607
Depreciation and amortization 8,288 7,803 24,922 23,389
Total operating expense 61,497 55,428 157,911 138,746
OPERATING INCOME 20,877 18,486 41,187 37,871
OTHER (EXPENSE) INCOME:        
Interest on long-term debt (4,683) (4,684) (14,022) (13,175)
Mortgage and other interest expense (380) (436) (1,166) (1,358)
Gain on sale of real estate investment 910 0 910 0
Dividend income 61 59 182 179
Other, net 165 150 525 369
Income before income taxes 16,950 13,575 27,616 23,886
Provision for income taxes 6,866 5,360 11,222 9,610
NET INCOME 10,084 8,215 16,394 14,276
Other comprehensive income (loss), net 41 (227) 89 (210)
COMPREHENSIVE INCOME $ 10,125 $ 7,988 $ 16,483 $ 14,066
EARNINGS PER SHARE        
Basic $ 0.54 $ 0.44 $ 0.88 $ 0.77
Diluted $ 0.53 $ 0.44 $ 0.87 $ 0.76
DIVIDENDS PER SHARE $ 0.18 $ 0.17 $ 0.53 $ 0.52
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic 18,647,537 18,586,887 18,628,680 18,578,146
Diluted 18,854,042 18,802,606 18,833,271 18,787,623