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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock [Member]
Common Shares Class A Non-Voting [Member]
Common Stock [Member]
Common Shares Class B Voting [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2016 $ 8,245 $ 882 $ 97,480 $ 32,416 $ 139,023
Balance (in shares) at Dec. 31, 2016 8,245 [1],[2],[3] 882 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       13,983 13,983
Cash dividends declared          
Common stock       (8,496) (8,496)
Issuance of common stock          
Dividend reinvestment plan $ 11   378   $ 389
Dividend reinvestment plan (in shares) 11 [1],[2],[3]       11
Employee stock options and awards [3] $ 67   1,313   $ 1,380
Employee stock options and awards (in shares) [1],[2],[3] 67        
Employee Retirement Plan [1] $ 10   355   365
Employee Retirement Plan (in shares) [1],[2],[3] 10        
Balance at Dec. 31, 2017 $ 8,333 $ 882 99,526 37,903 146,644
Balance (in shares) at Dec. 31, 2017 8,333 [1],[2],[3] 882 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       14,278 14,278
Cash dividends declared          
Common stock       (8,819) (8,819)
Issuance of common stock          
Dividend reinvestment plan $ 10   356   $ 366
Dividend reinvestment plan (in shares) 10 [1],[2],[3]       10
Employee stock options and awards [3] $ 13   306   $ 319
Employee stock options and awards (in shares) [1],[2],[3] 13        
Employee Retirement Plan [1] $ 12   451   463
Employee Retirement Plan (in shares) [1],[2],[3] 12        
Balance at Dec. 31, 2018 $ 8,368 $ 882 100,639 43,362 153,251
Balance (in shares) at Dec. 31, 2018 8,368 [1],[2],[3] 882 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       14,925 14,925
Cash dividends declared          
Common stock       (9,122) (9,122)
Issuance of common stock          
Dividend reinvestment plan $ 11   389   $ 400
Dividend reinvestment plan (in shares) 11 [1],[2],[3]       11
Employee stock options and awards [3] $ 21   426   $ 447
Employee stock options and awards (in shares) [1],[2],[3] 21        
Employee Retirement Plan [1] $ 10   357   367
Employee Retirement Plan (in shares) [1],[2],[3] 10        
Balance at Dec. 31, 2019 $ 8,410 $ 882 $ 101,811 $ 49,165 $ 160,268
Balance (in shares) at Dec. 31, 2019 8,410 [1],[2],[3] 882 [4]      
[1] Artesian Resources Corporation registered 500,000 shares of Class A Common Stock available for purchase through the Artesian Retirement Plan and the Artesian Supplemental Retirement Plan.
[2] At December 31, 2019, 2018, and 2017, Class A Common Stock had 15,000,000 shares authorized. For the same periods, shares issued, inclusive of treasury shares, were 8,439,223, 8,398,005 and 8,362,431, respectively.
[3] Under the Equity Compensation Plan, effective December 9, 2015 Artesian Resources Corporation authorized up to 331,500 shares of Class A Common Stock for issuance of grants in forms of stock options, stock units, dividend equivalents and other stock-based awards, subject to adjustment in certain circumstances as discussed in the Plan. Includes stock compensation expense for the years ended December 31, 2019, 2018, and 2017, see Note 1-Stock Compensation Plans.
[4] At December 31, 2019, 2018, and 2017, Class B Common Stock had 1,040,000 shares authorized and 882,000 shares issued.