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Unaudited Quarterly Financial Data (Tables)
12 Months Ended
Dec. 31, 2012
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Quarterly Financial Information
Summarized quarterly financial data is as follows:
 
 
2012 Quarter Ended
 
March
 
June
 
September
 
December (1)
Operating revenue
$
51,149

 
65,575

 
82,374

 
62,449

Operating income
6,725

 
13,585

 
20,877

 
14,110

Net income
1,109

 
5,201

 
10,084

 
5,924

Comprehensive income
1,098

 
5,260

 
10,125

 
5,871

Earnings per share:
 
 
 
 
 
 
 
—Basic
0.06

 
0.28

 
0.54

 
0.32

—Diluted
0.06

 
0.28

 
0.53

 
0.31

Market price range of stock:
 
 
 
 
 
 
 
—High
24.91

 
24.34

 
25.64

 
26.62

—Low
22.96

 
22.81

 
22.95

 
22.69

Dividend per share
0.18

 
0.18

 
0.18

 
0.18

 
 
 
 
 
 
 
 
 
2011 Quarter Ended
 
March
 
June
 
September
 
December (1)
Operating revenue
$
43,696

 
59,007

 
73,914

 
62,338

Operating income
5,601

 
13,784

 
18,486

 
16,520

Net income
610

 
5,451

 
8,215

 
6,602

Comprehensive income
599

 
5,479

 
7,988

 
6,727

Earnings per share:
 
 
 
 
 
 
 
—Basic
0.03

 
0.29

 
0.44

 
0.36

—Diluted
0.03

 
0.29

 
0.44

 
0.35

Market price range of stock:
 
 
 
 
 
 
 
—High
26.40

 
24.24

 
24.80

 
24.93

—Low
22.48

 
21.99

 
21.16

 
21.10

Dividend per share
0.17

 
0.17

 
0.17

 
0.17


    
(1)
During the quarter ended December 31, 2012, the Company recorded revenues of $3,550 related to the recognition of certain San Jose Water Company balancing and memorandum accounts as the Company concluded that it was probable that these amounts would be collected. Of this amount, $240 represents a net over-collection of revenues generated during the quarter ended December 31, 2012 and $3,790 represents a net-under-collection of revenues which should have been recognized as revenue during the quarter ended September 30, 2012. See Note 1 of the Notes to the Consolidated Financial Statements for further discussion on balancing and memorandum accounts. During the quarter ended December 31, 2011, the Company recorded revenues of $5,740 related to the recognition of San Jose Water Company's MCRAM which was authorized for recovery by the CPUC on December 27, 2011.