Segment and Nonregulated Business Reporting

3 Months Ended

Mar. 31, 2014

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 which operates both regulated and nonregulated businesses, (ii) SJW Land Company and its consolidated variable interest entity, 444 West Santa Clara Street, L.P., which 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 Chairman, 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 March 31, 2014
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non regulated	Non regulated	Non regulated		Regulated	Non regulated	Total
Operating revenue	$	51,626	1,228	1,742	—		51,626	2,970	54,596
Operating expense	46,463		872	1,022	185		46,463	2,079	48,542
Operating income (loss)	5,163		356	720	(185	)	5,163	891	6,054
Net income (loss)	903		151	204	(352	)	903	3	906
Depreciation and amortization	8,977		90	418	—		8,977	508	9,485
Senior note, mortgage and other interest expense	4,081		—	237	552		4,081	789	4,870
Income tax expense (benefit) in net income	552		124	153	(268	)	552	9	561
Assets	$	1,027,073	16,965	70,710	9,187		1,027,073	96,862	1,123,935

	For Three Months Ended March 31, 2013
	Water Utility Services				Real Estate Services	All Other*		SJW Corp.
	Regulated		Non regulated		Non regulated	Non regulated		Regulated	Non regulated		Total
Operating revenue	$	47,798	1,086		1,255	—		47,798	2,341		50,139
Operating expense	41,625		1,682		810	249		41,625	2,741		44,366
Operating income (loss)	6,173		(596	)	445	(249	)	6,173	(400	)	5,773
Net income (loss)	1,600		(508	)	636	(411	)	1,600	(283	)	1,317
Depreciation and amortization	8,322		88		406	—		8,322	494		8,816
Senior note, mortgage and other interest expense	4,152		—		320	550		4,152	870		5,022
Income tax expense (benefit) in net income	922		(144	)	460	(308	)	922	8		930
Assets	$	1,004,441	16,171		69,492	8,587		1,004,441	94,250		1,098,691

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