XML 14 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED 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, 2023 $ 9,404 $ 881 $ 143,369 $ 76,743 $ 230,397
Balance (in Shares) at Dec. 31, 2023 9,404 [1],[2],[3] 881 [4]      
Net income $ 0 $ 0 0 4,411 4,411
Cash dividends declared          
Common stock 0 0 0 (2,980) (2,980)
Issuance of common stock          
Dividend reinvestment plan $ 3 $ 0 87 0 90
Dividend reinvestment plan (in Shares) 3 [1],[2],[3] 0 [4]      
Employee stock options and awards [2] $ 0 $ 0 68 0 68
Employee stock options and awards (in Shares) (in Shares) [2] 0 [1],[3] 0 [4]      
Balance at Mar. 31, 2024 $ 9,407 $ 881 143,524 78,174 231,986
Balance (in Shares) at Mar. 31, 2024 9,407 [1],[2],[3] 881 [4]      
Balance at Dec. 31, 2023 $ 9,404 $ 881 143,369 76,743 230,397
Balance (in Shares) at Dec. 31, 2023 9,404 [1],[2],[3] 881 [4]      
Net income         9,736
Balance at Jun. 30, 2024 $ 9,415 $ 881 143,663 80,457 234,326
Balance (in Shares) at Jun. 30, 2024 9,415 [1],[2],[3] 881 [4]      
Balance at Mar. 31, 2024 $ 9,407 $ 881 143,524 78,174 231,986
Balance (in Shares) at Mar. 31, 2024 9,407 [1],[2],[3] 881 [4]      
Net income $ 0 $ 0 0 5,325 5,325
Cash dividends declared          
Common stock 0 0 0 (3,042) (3,042)
Issuance of common stock          
Dividend reinvestment plan $ 3 $ 0 87 0 0
Dividend reinvestment plan (in Shares) 3 [1],[2],[3] 0 [4]      
Employee stock options and awards [2] $ 5 $ 0 52 0 57
Employee stock options and awards (in Shares) (in Shares) [2] 5 [1],[3] 0 [4]      
Balance at Jun. 30, 2024 $ 9,415 $ 881 143,663 80,457 234,326
Balance (in Shares) at Jun. 30, 2024 9,415 [1],[2],[3] 881 [4]      
Balance at Dec. 31, 2024 $ 9,419 $ 881 143,920 84,969 239,189
Balance (in Shares) at Dec. 31, 2024 9,419 [1],[2],[3] 881 [4]      
Net income $ 0 $ 0 0 5,435 5,435
Cash dividends declared          
Common stock 0 0 0 (3,104) (3,104)
Issuance of common stock          
Dividend reinvestment plan $ 3 $ 0 82 0 85
Dividend reinvestment plan (in Shares) 3 [1],[2],[3] 0 [4]      
Employee stock options and awards [2] $ 0 $ 0 45 0 45
Employee stock options and awards (in Shares) (in Shares) [2] 0 [1],[3] 0 [4]      
Balance at Mar. 31, 2025 $ 9,422 $ 881 144,047 87,300 241,650
Balance (in Shares) at Mar. 31, 2025 9,422 [1],[2],[3] 881 [4]      
Balance at Dec. 31, 2024 $ 9,419 $ 881 143,920 84,969 239,189
Balance (in Shares) at Dec. 31, 2024 9,419 [1],[2],[3] 881 [4]      
Net income         11,725
Balance at Jun. 30, 2025 $ 9,430 $ 881 144,173 90,421 244,905
Balance (in Shares) at Jun. 30, 2025 9,430 [1],[2],[3] 881 [4]      
Balance at Mar. 31, 2025 $ 9,422 $ 881 144,047 87,300 241,650
Balance (in Shares) at Mar. 31, 2025 9,422 [1],[2],[3] 881 [4]      
Net income $ 0 $ 0 0 6,290 6,290
Cash dividends declared          
Common stock 0 0 0 (3,169) (3,169)
Issuance of common stock          
Dividend reinvestment plan [2] $ 3 $ 0 84 0 87
Dividend reinvestment plan (in Shares) [2] 3 [1],[3] 0 [4]      
Employee stock options and awards [2] $ 5 $ 0 42 0 47
Employee stock options and awards (in Shares) (in Shares) [2] 5 [1],[3] 0 [4]      
Balance at Jun. 30, 2025 $ 9,430 $ 881 $ 144,173 $ 90,421 $ 244,905
Balance (in Shares) at Jun. 30, 2025 9,430 [1],[2],[3] 881 [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] Under the Equity Compensation Plan, effective December 9, 2015, or the 2015 Plan, Artesian Resources Corporation authorized up to 331,500 shares of Class A Stock for issuance of grants in the form of stock options, stock units, dividend equivalents and other stock-based awards, subject to adjustment in certain circumstances as discussed in the 2015 Plan. Includes stock compensation expense for June 30, 2025 and June 30, 2024.  See Note 8Stock Compensation Plans.
[3] At June 30, 2025 and June 30, 2024, Class A Stock had 15,000,000 shares authorized.  For the same periods, shares issued, inclusive of treasury shares, were 9,458,054 and 9,443,071, respectively.
[4] At June 30, 2025 and June 30, 2024, Class B Stock had 1,040,000 shares authorized and 881,452 shares issued.