XML 15 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Operating revenues        
Total Operating Revenues $ 24,737 $ 22,549 $ 66,390 $ 62,586
Operating expenses        
Utility operating expenses 10,947 10,495 29,541 28,865
Non-utility operating expenses 926 838 2,387 2,385
Depreciation and amortization 2,835 2,679 8,280 8,117
State and federal income taxes 1,784 1,498 4,680 4,002
Property and other taxes 1,376 1,309 4,048 3,884
Total Operating Expenses 17,868 16,819 48,936 47,253
Operating income 6,869 5,730 17,454 15,333
Other income, net        
Allowance for funds used during construction (AFUDC) 155 566 917 1,058
Miscellaneous (expense) income (53) (73) 1,022 670
Income before interest charges 6,971 6,223 19,393 17,061
Interest charges 1,908 1,765 5,690 5,235
Net income applicable to common stock $ 5,063 $ 4,458 $ 13,703 $ 11,826
Income per common share:        
Basic (in dollars per share) $ 0.54 $ 0.48 $ 1.47 $ 1.28
Diluted (in dollars per share) $ 0.54 $ 0.48 $ 1.46 $ 1.27
Weighted average common shares outstanding:        
Basic (in shares) 9,338 9,283 9,320 9,272
Diluted (in shares) 9,377 9,329 9,363 9,322
Cash dividends per share of common stock (in dollars per share) $ 0.2496 $ 0.2459 $ 0.7488 $ 0.7341
Water Sales [Member]        
Operating revenues        
Total Operating Revenues $ 21,362 $ 20,102 $ 58,178 $ 55,227
Other Utility Operating Revenue [Member]        
Operating revenues        
Total Operating Revenues 2,080 1,245 4,416 3,515
Non-Utility Operating Revenue [Member]        
Operating revenues        
Total Operating Revenues $ 1,295 $ 1,202 $ 3,796 $ 3,844