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Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]  
Schedule of Assumptions Used
Benefit obligations for the defined benefit plans and other postretirement benefits were calculated using the following weighted-average assumptions as of December 31:

 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2013
 
2012
 
%
 
%
 
%
 
%
Discount rate
4.82
 
3.92
 
4.70
 
3.80
Rate of compensation increase
4.00
 
4.00
 
N/A
 
N/A
Net periodic cost for the defined benefit plans and other postretirement benefits was calculated using the following weighted-average assumptions:

 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
 
%
 
%
 
%
 
%
 
%
 
%
Discount rate
3.92
 
4.34
 
5.48
 
3.80
 
4.25
 
5.40
Expected return on plan assets
7.00
 
7.00
 
7.00
 
7.00
 
7.00
 
7.00
Rate of compensation increase
4.00
 
4.00
 
4.00
 
N/A
 
N/A
 
N/A

Schedule of Net Benefit Costs
Net periodic costs for the defined benefit plans and other postretirement benefits for the years ended December 31 was as follows:

 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Components of net periodic benefit cost
 
 
 
 
 
 
 
 
 
 
 
Service cost
$
4,594

 
4,288

 
3,516

 
$
361

 
339

 
273

Interest cost
5,393

 
5,349

 
5,313

 
508

 
452

 
467

Expected return on assets
(5,289
)
 
(4,442
)
 
(4,289
)
 
(230
)
 
(151
)
 
(129
)
Amortization of transition obligation

 

 

 

 
1

 
57

Amortization of prior service cost
394

 
414

 
450

 
197

 
197

 
197

Recognized actuarial loss
4,052

 
3,857

 
2,147

 
189

 
195

 
96

Net periodic benefit cost
$
9,144

 
9,466

 
7,137

 
$
1,025

 
1,033

 
961

Schedule of Net Funded Status
The actuarial present value of benefit obligations and the funded status of San Jose Water Company's defined benefit pension and other postretirement plans as of December 31 were as follows:

 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2013
 
2012
Change in benefit obligation
 
 
 
 
 
 
 
Benefit obligation at beginning of year
$
140,999

 
123,904

 
$
12,243

 
10,796

Service cost
4,594

 
4,288

 
361

 
339

Interest cost
5,393

 
5,349

 
508

 
452

Actuarial (gain)/loss
(18,082
)
 
11,090

 
(1,829
)
 
994

Benefits paid
(4,205
)
 
(3,632
)
 
(307
)
 
(338
)
Benefit obligation at end of year
$
128,699

 
140,999

 
$
10,976

 
12,243

Change in plan assets
 
 
 
 
 
 
 
Fair value of assets at beginning of year
$
75,542

 
62,763

 
$
3,478

 
2,321

Actual return on plan assets
10,478

 
6,645

 
325

 
838

Employer contributions
9,543

 
9,766

 
445

 
596

Benefits paid
(4,205
)
 
(3,632
)
 
(253
)
 
(277
)
Fair value of plan assets at end of year
91,358

 
75,542

 
3,995

 
3,478

Funded status at end of year
$
(37,341
)
 
(65,457
)
 
$
(6,981
)
 
(8,765
)
Schedule of Amounts Recognized in Balance Sheet
The amounts recognized on the balance sheet as of December 31 were as follows:

 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2013
 
2012
Current liabilities
$
757

 
737

 
$
68

 
60

Noncurrent liabilities
36,584

 
64,720

 
6,913

 
8,705

 
$
37,341

 
65,457

 
$
6,981

 
8,765

Schedule of Regulatory Asset Recorded on the Projected Benefit Obligation of the Postretirement Benefit Plans
San Jose Water Company recorded a regulatory asset, including a gross-up for taxes, on the projected benefit obligation of the postretirement benefit plans as follows:

 
2013
 
2012
Funded status of obligation
$
44,322

 
74,222

Accrued benefit cost
(7,030
)
 
(6,904
)
Amount to be recovered in future rates
37,292

 
67,318

Tax gross-up
25,657

 
46,315

Regulatory asset
$
62,949

 
113,633

Schedule of Estimated Amortization
The estimated amortization for the year ended December 31, 2014 is as follows:

 
Pension Benefits
 
Other Benefits
Amortization of prior service cost
$
376

 
198

Amortization of loss
1,757

 
57

Total
$
2,133

 
255

Schedule of Allocation of Plan Assets
Plan assets for the years ended December 31 were as follows:

 
Pension Benefits
 
Other Benefits
 
2013
 
2012
 
2013
 
2012
Fair value of assets at end of year:
 
 
 
 
 
 
 
Debt securities
$
34,464

 
33,922

 
$
1,427

 
1,168

 
38
%
 
45
%
 
36
%
 
33
%
Equity securities
48,442

 
35,352

 
1,893

 
1,522

 
53
%
 
47
%
 
47
%
 
44
%
Cash and equivalents
8,452

 
6,268

 
675

 
788

 
9
%
 
8
%
 
17
%
 
23
%
Total
$
91,358

 
75,542

 
$
3,995

 
3,478

The following tables summarize the fair values of plan assets by major categories as of December 31, 2013 and 2012:

 
 
 
 
 
Fair Value Measurements at December 31, 2013
Asset Category
Benchmark
 
Total
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
 
 
$
9,127

 
$
9,127

 
$

 
$

Actively Managed (a):
 
 
 
 
 
 
 
 
 
All Cap Equity
Russell 3000 Value
 
283

 
266

 
17

 

U.S. Large Cap Equity
Russell 1000, Russell 1000 Growth, Russell 1000 Value
 
32,286

 
32,286

 

 

U.S. Mid Cap Equity
Russell Mid Cap,
Russell Mid Cap Growth, Russell Mid Cap Value
 
5,551

 
5,551

 

 

U.S. Small Cap Equity
Russell 2000, Russell 2000 Growth, Russell 2000 Value
 
3,236

 
3,236

 

 

Non-U.S. Large Cap Equity
MSCI EAFE
 
5,066

 
5,066

 

 

REIT
NAREIT—Equity REIT's
 
3,913

 

 
3,913

 

Fixed Income (b)
(b)
 
35,891

 

 
35,891

 

Total
 
 
$
95,353

 
$
55,532

 
$
39,821

 
$

___________________________________
The Plan has a current target allocation of 55% invested in a diversified array of equity securities to provide long-term capital appreciation and 45% invested in a diversified array of fixed income securities to provide preservation of capital plus generation of income.
(a)
Actively managed portfolio of securities with the goal to exceed the stated benchmark performance.
(b)
Actively managed portfolio of fixed income securities with the goal to exceed the Barclays 1-5 Year Government/Credit, Barclays Intermediate Government/Credit, and Merrill Lynch Preferred Stock Fixed Rate.

 
 
 
 
 
Fair Value Measurements at December 31, 2012
Asset Category
Benchmark
 
Total
 
Quoted
Prices in
Active
Markets for
Identical
Assets
(Level 1)
 
Significant
Observable
Inputs
(Level 2)
 
Significant
Unobservable
Inputs
(Level 3)
Cash and cash equivalents
 
 
$
7,056

 
$
7,056

 
$

 
$

Actively Managed (a):
 
 
 
 
 
 
 
 
 
U.S. Large Cap Equity
Russell 1000, Russell 1000 
Growth, Russell 1000 Value
 
22,749

 
22,749

 

 

U.S. Mid Cap Equity
Russell Mid Cap,
Russell Mid Cap Growth, Russell Mid Cap Value
 
3,989

 
3,989

 

 

U.S. Small Cap Equity
Russell 2000, Russell 2000 Growth, Russell 2000 Value
 
2,174

 
2,174

 

 

Non-U.S. Large Cap Equity
MSCI EAFE
 
4,169

 
4,169

 

 

REIT
NAREIT—Equity REIT's
 
3,792

 

 
3,792

 

Fixed Income (b)
(b)
 
35,091

 

 
35,091

 

Total
 
 
$
79,020

 
$
40,137

 
$
38,883

 
$

___________________________________
The Plan has a current target allocation of 55% invested in a diversified array of equity securities to provide long-term capital appreciation and 45% invested in a diversified array of fixed income securities to provide preservation of capital plus generation of income.
(a)
Actively managed portfolio of securities with the goal to exceed the stated benchmark performance.
(b)
Actively managed portfolio of fixed income securities with the goal to exceed the Barclays 1-5 Year Government/Credit, Barclays Intermediate Government/Credit, and Merrill Lynch Preferred Stock Fixed Rate.

Schedule of Expected Benefit Payments
Benefits expected to be paid in the next five years and in the aggregate for the five years thereafter are:

 
Pension Plan
 
Other Postretirement
Benefit Plan
2014
$
4,715

 
$
438

2015
5,013

 
475

2016
5,380

 
509

2017
5,726

 
539

2018
6,074

 
577

2019 - 2023
36,555

 
3,287