XML 22 R11.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Information
 3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
The classification of our business into three segments, Electric, Manufacturing and Plastics, is 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 and cash equivalents, 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, 2024 and 2023 are as follows:
Three Months Ended March 31,
(in thousands)20242023
Operating Revenue
Electric$141,488 $151,909 
Manufacturing99,380 106,782 
Plastics106,200 80,390 
Total$347,068 $339,081 
Net Income (Loss)
Electric$22,470 $23,221 
Manufacturing5,261 6,862 
Plastics46,740 33,686 
Corporate(133)(1,288)
Total$74,338 $62,481 
The following provides the identifiable assets by segment and corporate assets as of March 31, 2024 and December 31, 2023:
(in thousands)March 31,
2024		December 31,
2023
Identifiable Assets
Electric$2,586,318 $2,533,831 
Manufacturing263,408 251,343 
Plastics190,218 164,179 
Corporate286,088 293,215 
Total$3,326,032 $3,242,568