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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Operating revenues        
Total Tariff Revenue $ 21,752 $ 20,652 $ 41,653 $ 40,037
Operating expenses        
Utility operating expenses 9,359 9,249 18,593 18,370
Non-utility operating expenses 733 779 1,462 1,546
Depreciation and amortization 2,693 2,724 5,445 5,438
State and federal income taxes 1,537 1,325 2,896 2,504
Property and other taxes 1,306 1,255 2,672 2,575
Total Operating Expenses 15,628 15,332 31,068 30,433
Operating income 6,124 5,320 10,585 9,604
Other income, net        
Allowance for funds used during construction (AFUDC) 338 266 762 492
Miscellaneous income (13) (58) 1,075 742
Income before interest charges 6,449 5,528 12,422 10,838
Interest charges 1,883 1,750 3,782 3,470
Net income applicable to common stock $ 4,566 $ 3,778 $ 8,640 $ 7,368
Income per common share:        
Basic (in dollars per share) $ 0.49 $ 0.41 $ 0.93 $ 0.80
Diluted (in dollars per share) $ 0.49 $ 0.41 $ 0.92 $ 0.79
Weighted average common shares outstanding:        
Basic (in shares) 9,326 9,276 9,311 9,267
Diluted (in shares) 9,367 9,324 9,357 9,319
Cash dividends per share of common stock (in dollars per share) $ 0.2496 $ 0.2459 $ 0.4992 $ 0.4882
Water Sales [Member]        
Operating revenues        
Total Tariff Revenue $ 19,423 $ 18,192 $ 36,816 $ 35,125
Other Utility Operating Revenue [Member]        
Operating revenues        
Total Tariff Revenue 1,084 1,150 2,336 2,270
Non-Utility Operating Revenue [Member]        
Operating revenues        
Total Tariff Revenue $ 1,245 $ 1,310 $ 2,501 $ 2,642