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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, 2020 $ 8,475 $ 881 $ 103,463 $ 56,606 $ 169,425
Balance (in shares) at Dec. 31, 2020 8,475,000 [1],[2],[3] 881,000 [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 $ 881 104,989 63,607 178,009
Balance (in shares) at Dec. 31, 2021 8,532,000 [1],[2],[3] 881,000 [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 $ 881 107,142 71,286 187,930
Balance (in shares) at Dec. 31, 2022 8,621,000 [1],[2],[3] 881,000 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income       16,699 16,699
Cash dividends declared          
Common stock       (11,242) (11,242)
Issuance of common stock          
Public offering, net of costs $ 763   35,464   36,227
Public offering, net of costs (in shares) [1],[2],[3] 763,000        
Dividend reinvestment plan $ 8   373   $ 381
Dividend reinvestment plan (in shares) 8,000 [1],[2],[3]       8,000
Employee stock options and awards [3] $ 12   390   $ 402
Employee stock options and awards (in shares) [1],[2],[3] 12,000        
Employee Retirement Plan [1] $ 0   0   0
Employee Retirement Plan (in shares) [1],[2],[3] 0        
Balance at Dec. 31, 2023 $ 9,404 $ 881 $ 143,369 $ 76,743 $ 230,397
Balance (in shares) at Dec. 31, 2023 9,404,000 [1],[2],[3] 881,000 [4]      
[1] Artesian Resources Corporation registered 200,000 shares of Class A Stock, subsequently adjusted for stock splits, available for purchase through the Company’s 401(k) retirement plan.
[2] At December 31, 2023, 2022, and 2021, Class A Stock had 15,000,000 shares authorized.  For the same periods, shares issued, inclusive of treasury shares, were 9,433,288, 8,650,392 and 8,561,772, respectively.
[3] Under the Equity Compensation Plan, effective December 9, 2015, Artesian Resources Corporation authorized up to 331,500 shares of Class A 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, 2023, 2022, and 2021, See Notes to Consolidated Financial Statements - Note 9-Stock Compensation Plans.
[4] At December 31, 2023, 2022, and 2021, Class B Stock had 1,040,000 shares authorized and 881,452 shares issued.