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Segment Information
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2024 and 2023 are as follows:
Three Months Ended June 30,Six Months Ended June 30,
(in thousands)2024202320242023
Operating Revenue
Electric$112,828 $113,763 $254,317 $265,671 
Manufacturing96,684 102,475 196,065 209,257 
Plastics132,824 121,478 239,022 201,869 
Total$342,336 $337,716 $689,404 $676,797 
Net Income (Loss)
Electric$18,485 $19,634 $40,956 $42,854 
Manufacturing6,835 5,969 12,096 12,831 
Plastics60,612 55,392 107,350 89,078 
Corporate1,063 974 931 (313)
Total$86,995 $81,969 $161,333 $144,450 
The following provides the identifiable assets by segment and corporate assets as of June 30, 2024 and December 31, 2023:
(in thousands)June 30,
2024		December 31,
2023
Identifiable Assets
Electric$2,634,116 $2,533,831 
Manufacturing261,219 251,343 
Plastics215,795 164,179 
Corporate349,653 293,215 
Total$3,460,783 $3,242,568