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Segment Information
 9 Months Ended
Sep. 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, investments, prepaid expenses, 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 nine months ended September 30, 2024 and 2023 are as follows:
Three Months Ended September 30,Nine Months Ended September 30,
(in thousands)2024202320242023
Operating Revenue
Electric$130,380 $130,326 $384,696 $395,997 
Manufacturing79,896 100,678 275,961 309,936 
Plastics127,757 127,052 366,780 328,920 
Total$338,033 $358,056 $1,027,437 $1,034,853 
Net Income
Electric$28,530 $24,565 $69,486 $67,420 
Manufacturing2,174 7,446 14,271 20,276 
Plastics54,479 59,162 161,829 148,240 
Corporate296 801 1,226 488 
Total$85,479 $91,974 $246,812 $236,424 
The following provides the identifiable assets by segment and corporate assets as of September 30, 2024 and December 31, 2023:
(in thousands)September 30,
2024		December 31,
2023
Identifiable Assets
Electric$2,692,929 $2,533,831 
Manufacturing249,947 251,343 
Plastics219,215 164,179 
Corporate404,648 293,215 
Total$3,566,739 $3,242,568