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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
REVENUE $ 124,853 $ 124,578 $ 298,981 $ 295,696
Production Expenses:        
Purchased water 33,545 30,833 72,673 66,938
Power 1,882 2,500 4,774 5,491
Groundwater extraction charges 14,890 15,756 34,341 34,098
Other production expenses 4,836 4,216 13,674 12,067
Total production expenses 55,153 53,305 125,462 118,594
Administrative and general 12,752 11,949 36,278 34,909
Maintenance 4,980 4,607 14,036 12,991
Property taxes and other non-income taxes 4,016 3,454 11,332 10,260
Depreciation and amortization 13,682 12,065 40,921 36,217
Merger related expenses 8,442 0 14,994 0
Total operating expense 99,025 85,380 243,023 212,971
OPERATING INCOME 25,828 39,198 55,958 82,725
OTHER (EXPENSE) INCOME:        
Interest on long-term debt and other interest expense (6,077) (5,541) (18,213) (17,354)
Pension non-service cost (589) (953) (1,767) (2,860)
Unrealized loss on California Water Service Group stock 0 0 (527) 0
Gain on sale of California Water Service Group stock 191 0 104 0
Gain on sale of real estate investments 0 0 0 6,903
Other, net 538 359 1,980 1,436
Income before income taxes 19,891 33,063 37,535 70,850
Provision for income taxes 4,103 13,523 7,591 27,055
NET INCOME BEFORE NONCONTROLLING INTEREST 15,788 19,540 29,944 43,795
Less net income attributable to the noncontrolling interest 0 0 0 1,896
SJW GROUP NET INCOME 15,788 19,540 29,944 41,899
Other comprehensive income, net of tax:        
Unrealized gain on investment 0 80 0 252
SJW GROUP COMPREHENSIVE INCOME $ 15,788 $ 19,620 $ 29,944 $ 42,151
SJW GROUP EARNINGS PER SHARE        
Basic (usd per share) $ 0.77 $ 0.95 $ 1.45 $ 2.04
Diluted (usd per share) 0.76 0.94 1.45 2.03
DIVIDENDS PER SHARE (usd per share) $ 0.28 $ 0.22 $ 0.84 $ 0.65
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (shares) 20,626,654 20,516,172 20,593,570 20,502,274
Diluted (shares) 20,732,040 20,697,097 20,721,970 20,675,479