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Segment Information (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

Information for each segment and our unallocated corporate costs for the years ended December 31, 2023, 2022 and 2021 are as follows:

(in thousands)			2023						2022						2021
Operating Revenue
Electric			$	528,359					$	549,699					$	480,321
Manufacturing			402,781						397,983						336,294
Plastics			418,026						512,527						380,229
Total			1,349,166						1,460,209						1,196,844
Depreciation and Amortization
Electric			75,330						72,050						71,343
Manufacturing			18,495						16,202						15,436
Plastics			4,027						4,205						4,354
Corporate			102						140						225
Total			97,954						92,597						91,358
Operating Income (Loss)
Electric			106,521						113,138						106,964
Manufacturing			29,140						29,065						24,114
Plastics			254,402						264,578						132,760
Corporate			(12,144)						(16,342)						(14,130)
Total			377,919						390,439						249,708
Interest Expense
Electric			33,864						31,950						33,043
Manufacturing			2,295						2,796						2,239
Plastics			602						585						587
Corporate			916						685						1,902
Total			37,677						36,016						37,771
Income Tax Expense (Benefit)
Electric			1,648						5,065						1,663
Manufacturing			5,390						5,321						4,704
Plastics			66,066						68,688						34,374
Corporate			(3,806)						(5,723)						(4,689)
Total			69,298						73,351						36,052
Net Income (Loss)
Electric			84,424						79,974						72,458
Manufacturing			21,454						20,950						17,186
Plastics			187,748						195,374						97,823
Corporate			565						(12,114)						(10,698)
Total			294,191						284,184						176,769
Capital Expenditures
Electric			240,695						147,869						140,031
Manufacturing			23,284						17,954						20,690
Plastics			23,029						5,245						11,040
Corporate			126						66						68
Total			$	287,134					$	171,134					$	171,829

The following provides the identifiable assets by segment and corporate assets as of December 31, 2023 and 2022:

(in thousands)			2023						2022
Identifiable Assets
Electric			$	2,533,831					$	2,351,961
Manufacturing			251,343						245,869
Plastics			164,179						126,318
Corporate			293,215						177,513
Total			$	3,242,568					$	2,901,661

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-25

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
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-Section 50
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-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

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