Discontinued Operations: (Tables)

12 Months Ended

Dec. 31, 2012

Summary of discontinued operations presented in the consolidated statements of income

	For the Years Ended December 31,
(dollars in thousands)	2011 (5)			2010
Operating revenues	$	3,492		$	8,745
Supply costs and other operating expenses	1,420			4,237
Gain on settlement for removal of a well	(760		)	—
Operating income (1)	2,832			4,508

Interest expense, net	(142		)	(356		)

Income before income taxes	2,690			4,152

Income tax expense (2)	1,078			1,620
Income from the operations of discontinued operations, net of tax	1,612			2,532

Gain on sale of business, net of tax	2,454			—
Transaction costs, net of taxes (3)	(217		)	(426		)
Income from discontinued operations (4)	$	3,849		$	2,106

(1) In accordance with the accounting guidance relating to assets held for sale, Registrant ceased recording depreciation expense for CCWC as of June 2010.

(2) Income tax expense does not include the effects of CCWC’s inclusion in the AWR combined California unitary return, which are included in, and do not materially affect, the income tax expense of continuing operations.

(3) Included in discontinued operations for the years ended December 31, 2011 and 2010 are direct transaction costs of $449,000 and $708,000, respectively, for legal and consulting services in connection with the sale of CCWC.

(4) Corporate overhead costs allocated to CCWC have been excluded from discontinued operations. The majority of these costs continue to be incurred, primarily at GSWC. Accordingly, these corporate overhead costs have been included in other operating expenses and administrative and general expenses as part of continuing operations in the consolidated statements of income. Such costs allocated to CCWC that have been reflected as part of continuing operations amounted to $356,000 and $1,103,000 for the years ended December 31, 2011 and 2010, respectively.

(5) The 2011 financial results for CCWC represent activity for the five months ended May 31, 2011.

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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