Segment and Nonregulated Business Reporting

6 Months Ended

Jun. 30, 2015

Segment Reporting [Abstract]

SEGMENT AND NONREGULATED BUSINESS REPORTING

Segment and Non-Tariffed Business Reporting

SJW Corp. is a holding company with five subsidiaries: (i) San Jose Water Company, a water utility which operates both regulated and non-tariffed 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 (“CLWSC”), a regulated water utility located in Canyon Lake, Texas, and its consolidated non-tariffed variable interest entity, Acequia Water Supply Corporation, (iv) Texas Water Alliance Limited, a non-tariffed water utility operation which is undertaking activities that are necessary to develop a water supply project in Texas, and (v) SJW Group, Inc., a Delaware corporation formed in March 2015 for the sole purpose of effectuating a change in the state of incorporation of SJW Corp. from California to Delaware. Any future reincorporation is subject to CPUC approval. 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 senior staff which includes the Chairman, President and Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Chief Administrative Officer, and Senior Vice President of Regulatory Affairs. The senior staff 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 non-tariffed 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 June 30, 2015
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non-tariffed	Non-tariffed	Non-tariffed		Regulated	Non-tariffed		Total
Operating revenue	$	69,011	1,588	1,803	—		69,011	3,391		72,402
Operating expense	52,555		1,343	1,003	291		52,555	2,637		55,192
Operating income (loss)	16,456		245	800	(291	)	16,456	754		17,210
Net income (loss)	7,556		55	272	(422	)	7,556	(95	)	7,461
Depreciation and amortization	9,693		121	388	—		9,693	509		10,202
Senior note, mortgage and other interest expense	4,814		—	255	549		4,814	804		5,618
Income tax expense (benefit) in net income	4,457		93	163	(308	)	4,457	(52	)	4,405
Assets	$	1,205,819	18,611	67,066	4,361		1,205,819	90,038		1,295,857

	For Three Months Ended June 30, 2014
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non-tariffed	Non-tariffed	Non-tariffed		Regulated	Non-tariffed	Total
Operating revenue	$	66,967	1,553	1,836	—		66,967	3,389	70,356
Operating expense	55,642		1,216	1,055	322		55,642	2,593	58,235
Operating income (loss)	11,325		337	781	(322	)	11,325	796	12,121
Net income (loss)	5,591		132	380	743		5,591	1,255	6,846
Depreciation and amortization	8,989		90	416	—		8,989	506	9,495
Senior note, mortgage and other interest expense	4,139		—	262	553		4,139	815	4,954
Income tax expense (benefit) in net income	2,208		117	273	494		2,208	884	3,092
Assets	$	1,053,145	17,487	66,300	10,090		1,053,145	93,877	1,147,022

	For Six Months Ended June 30, 2015
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non-tariffed	Non-tariffed	Non-tariffed		Regulated	Non-tariffed		Total
Operating revenue	$	127,898	3,035	3,581	—		127,898	6,616		134,514
Operating expense	99,477		2,305	2,027	690		99,477	5,022		104,499
Operating income (loss)	28,421		730	1,554	(690	)	28,421	1,594		30,015
Net income (loss)	12,257		273	532	(906	)	12,257	(101	)	12,156
Depreciation and amortization	19,372		211	778	—		19,372	989		20,361
Senior note, mortgage and other interest expense	9,644		—	510	1,116		9,644	1,626		11,270
Income tax expense (benefit) in net income	7,275		275	308	(659	)	7,275	(76	)	7,199
Assets	$	1,205,819	18,611	67,066	4,361		1,205,819	90,038		1,295,857

	For Six Months Ended June 30, 2014
	Water Utility Services			Real Estate Services	All Other*		SJW Corp.
	Regulated		Non-tariffed	Non-tariffed	Non-tariffed		Regulated	Non-tariffed	Total
Operating revenue	$	118,593	2,781	3,578	—		118,593	6,359	124,952
Operating expense	102,105		2,088	2,077	507		102,105	4,672	106,777
Operating income (loss)	16,488		693	1,501	(507	)	16,488	1,687	18,175
Net income (loss)	6,494		283	584	391		6,494	1,258	7,752
Depreciation and amortization	17,966		180	834	—		17,966	1,014	18,980
Senior note, mortgage and other interest expense	8,220		—	499	1,105		8,220	1,604	9,824
Income tax expense (benefit) in net income	2,760		241	426	226		2,760	893	3,653
Assets	$	1,053,145	17,487	66,300	10,090		1,053,145	93,877	1,147,022

 *    The “All Other” category includes the accounts of SJW Corp. on a stand-alone basis and SJW Group, Inc. For the three and six months ended June 30, 2015, SJW Group, Inc. had no revenue or expenses recorded and held no assets as of June 30, 2015.