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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
REVENUE $ 99,086 $ 102,073 $ 174,128 $ 171,118
Production Expenses:        
Purchased water 23,712 22,181 39,128 36,105
Power 1,624 1,704 2,892 2,991
Groundwater extraction charges 9,919 10,932 19,451 18,342
Other production expenses 4,626 3,991 8,838 7,851
Total production expenses 39,881 38,808 70,309 65,289
Administrative and general 11,958 11,815 23,526 22,960
Maintenance 4,596 4,487 9,056 8,384
Property taxes and other non-income taxes 3,450 3,111 7,316 6,806
Depreciation and amortization 13,656 12,033 27,239 24,152
Merger related expenses 2,746 0 6,552 0
Total operating expense 76,287 70,254 143,998 127,591
OPERATING INCOME 22,799 31,819 30,130 43,527
OTHER (EXPENSE) INCOME:        
Interest on long-term debt and other interest expense (6,084) (5,756) (12,136) (11,813)
Pension non-service cost (595) (1,032) (1,178) (1,907)
Unrealized gain (loss) on California Water Service Group stock 140 0 (527) 0
Loss on sale of California Water Service Group stock 0 0 (87) 0
Gain on sale of real estate investments 0 6,903 0 6,903
Other, net 679 614 1,442 1,077
Income before income taxes 16,939 32,548 17,644 37,787
Provision for income taxes 4,068 11,964 3,488 13,532
NET INCOME BEFORE NONCONTROLLING INTEREST 12,871 20,584 14,156 24,255
Less net income attributable to the noncontrolling interest 0 1,896 0 1,896
SJW GROUP NET INCOME 12,871 18,688 14,156 22,359
Other comprehensive income, net of tax:        
Unrealized gain on investment 0 56 0 172
SJW GROUP COMPREHENSIVE INCOME $ 12,871 $ 18,744 $ 14,156 $ 22,531
SJW GROUP EARNINGS PER SHARE        
Basic (usd per share) $ 0.63 $ 0.91 $ 0.69 $ 1.09
Diluted (usd per share) 0.62 0.90 0.68 1.08
DIVIDENDS PER SHARE (usd per share) $ 0.28 $ 0.22 $ 0.56 $ 0.44
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (shares) 20,592,014 20,504,357 20,576,757 20,495,211
Diluted (shares) 20,732,127 20,673,775 20,716,665 20,664,556