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CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
$ 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, 2019 $ 8,410 $ 882 $ 101,811 $ 49,165 $ 160,268
Balance (in shares) at Dec. 31, 2019 8,410,000 [1],[2],[3] 882,000 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       16,817 16,817
Cash dividends declared          
Common stock       (9,376) (9,376)
Issuance of common stock          
Dividend reinvestment plan $ 11   377   $ 388
Dividend reinvestment plan (in shares) 11,000 [1],[2],[3]       11,000
Employee stock options and awards [3] $ 42   832   $ 874
Employee stock options and awards (in shares) [1],[2],[3] 42,000        
Employee Retirement Plan [1] $ 12   443   455
Employee Retirement Plan (in shares) [1],[2],[3] 12,000        
Balance at Dec. 31, 2020 $ 8,475 $ 882 103,463 56,606 169,426
Balance (in shares) at Dec. 31, 2020 8,475,000 [1],[2],[3] 882,000 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       16,827 16,827
Cash dividends declared          
Common stock       (9,826) (9,826)
Issuance of common stock          
Dividend reinvestment plan $ 10   382   $ 392
Dividend reinvestment plan (in shares) 10,000 [1],[2],[3]       10,000
Employee stock options and awards [3] $ 38   790   $ 828
Employee stock options and awards (in shares) [1],[2],[3] 38,000        
Employee Retirement Plan [1] $ 9   354   363
Employee Retirement Plan (in shares) [1],[2],[3] 9,000        
Balance at Dec. 31, 2021 $ 8,532 $ 882 104,989 63,607 178,010
Balance (in shares) at Dec. 31, 2021 8,532,000 [1],[2],[3] 882,000 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       17,998 17,998
Cash dividends declared          
Common stock       (10,319) (10,319)
Issuance of common stock          
Dividend reinvestment plan $ 7   366   $ 373
Dividend reinvestment plan (in shares) 7,000 [1],[2],[3]       7,000
Employee stock options and awards [3] $ 82   1,787   $ 1,869
Employee stock options and awards (in shares) [1],[2],[3] 82,000        
Employee Retirement Plan [1] $ 0   0   0
Employee Retirement Plan (in shares) [1],[2],[3] 0        
Balance at Dec. 31, 2022 $ 8,621 $ 882 $ 107,142 $ 71,286 $ 187,931
Balance (in shares) at Dec. 31, 2022 8,621,000 [1],[2],[3] 882,000 [4]      
[1] Artesian Resources Corporation registered 200,000 shares of Class A Common Stock, subsequently adjusted for stock splits, available for purchase through the Company’s 401(k) retirement plan.
[2] At December 31, 2022, 2021, and 2020, Class A Common Stock had 15,000,000 shares authorized.  For the same periods, shares issued, inclusive of treasury shares, were 8,650,392, 8,561,772 and 8,504,429, 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, 2022, 2021, and 2020, see Note 1-Stock Compensation Plans.
[4] At December 31, 2022, 2021, and 2020, Class B Common Stock had 1,040,000 shares authorized and 882,000 shares issued.