XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Operating revenues        
Water sales $ 15,950 $ 16,118 $ 31,034 $ 30,686
Other utility operating revenue 893 703 1,686 1,489
Non-utility operating revenue 1,048 959 2,071 1,933
Total Operating Revenues 17,891 17,780 34,791 34,108
Operating expenses        
Utility operating expenses 9,070 8,370 17,587 17,201
Non-utility operating expenses 632 548 1,190 1,087
Depreciation and amortization 2,155 2,058 4,293 4,099
State and federal income taxes 1,312 1,689 2,713 2,801
Property and other taxes 1,073 970 2,213 2,037
Total Operating Expenses 14,242 13,635 27,996 27,225
Operating income 3,649 4,145 6,795 6,883
Other income (expense), net        
Allowance for funds used during construction (AFUDC) 95 78 146 145
Miscellaneous (39) 51 583 632
Income before interest charges 3,705 4,274 7,524 7,660
Interest charges 1,743 1,762 3,479 3,509
Net income $ 1,962 $ 2,512 $ 4,045 $ 4,151
Income per common share:        
Basic (in dollars per share) $ 0.22 $ 0.29 $ 0.46 $ 0.47
Diluted (in dollars per share) $ 0.22 $ 0.28 $ 0.45 $ 0.47
Weighted average common shares outstanding        
Basic (in shares) 8,884 8,761 8,865 8,743
Diluted (in shares) 8,928 8,829 8,914 8,814
Cash dividends per share of common stock $ 0.2119 $ 0.2057 $ 0.4207 $ 0.4084