XML 21 R11.htm IDEA: XBRL DOCUMENT v3.22.1
Segment Information
 3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We classify our business into three segments, Electric, Manufacturing and Plastics, consistent with our business strategy, organizational structure and our internal reporting and review processes used by our chief operating decision maker to make decisions regarding allocation of resources, to assess operating performance and to make strategic decisions.
Certain assets and costs are not allocated to our operating segments. Corporate operating costs include items such as corporate staff and overhead costs, the results of our captive insurance company and other items excluded from the measurement of operating segment performance. Corporate assets consist primarily of cash, prepaid expenses, investments and fixed assets. Corporate is not an operating segment, rather it is added to operating segment totals to reconcile to consolidated amounts.
Information for each segment and our unallocated corporate costs for the three months ended March 31, 2022 and 2021 are as follows:
Three Months Ended March 31,
(in thousands)20222021
Operating Revenue
Electric$130,416 $123,699 
Manufacturing104,957 75,825 
Plastics139,531 62,186 
Total$374,904 $261,710 
Net Income (Loss)
Electric$19,233 $17,587 
Manufacturing4,084 5,385 
Plastics50,846 9,147 
Corporate(2,160)(1,790)
Total$72,003 $30,329 
The following provides the identifiable assets by segment and corporate assets as of March 31, 2022 and December 31, 2021:
(in thousands)March 31,
2022		December 31,
2021
Identifiable Assets
Electric$2,278,337 $2,283,776 
Manufacturing269,833 251,044 
Plastics184,865 162,565 
Corporate58,706 57,445 
Total$2,791,741 $2,754,830