XML 66 R36.htm IDEA: XBRL DOCUMENT v2.4.1.9

Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of significant components of the deferred tax assets and liabilities from continuing operations

The significant components of the deferred tax assets and liabilities as reflected in the balance sheets at December 31, 2014 and 2013 are:

		AWR								GSWC
		December 31,								December 31,
(dollars in thousands)		2014				2013				2014				2013
Deferred tax assets:
Regulatory-liability-related: ITC		$	1,001			$	1,049			$	1,001			$	1,049
Regulatory-liability-related: California Corp Franchise Tax		4,328				4,337				4,328				4,337
Other non-property-related		2,395				4,125				2,136				3,292
Contributions and advances		8,335				8,655				8,335				8,655
		$	16,059			$	18,166			$	15,800			$	17,333
Deferred tax liabilities:
Fixed assets		$	(163,232	)		$	(131,534	)		$	(164,724	)		$	(131,548	)
Regulatory-asset-related: depreciation and other		(22,941		)		(21,575		)		(22,941		)		(21,575		)
California Corp Franchise Tax		(4,069		)		(2,120		)		(4,831		)		(1,749		)
Other property-related		(59		)		(155		)		(59		)		(155		)
Balancing and memorandum accounts		(4,071		)		(6,663		)		(4,071		)		(6,663		)
Deferred charges		(5,461		)		(6,064		)		(5,461		)		(6,064		)
		(199,833		)		(168,111		)		(202,087		)		(167,754		)
Accumulated deferred income taxes - net		$	(183,774	)		$	(149,945	)		$	(186,287	)		$	(150,421	)

Schedule of current and deferred components of income tax expense from continuing operations

The current and deferred components of income tax expense are as follows:

		AWR
		Year Ended December 31,
(dollars in thousands)		2014				2013				2012
Current
Federal		$	5,595			$	13,741			$	15,585
State		137				5,930				5,273
Total current tax expense		$	5,732			$	19,671			$	20,858
Deferred
Federal		$	24,815			$	14,769			$	13,088
State		7,501				1,343				1,999
Total deferred tax expense		32,316				16,112				15,087
Total income tax expense		$	38,048			$	35,783			$	35,945

		GSWC
		Year Ended December 31,
(dollars in thousands)		2014				2013				2012
Current
Federal		$	408			$	10,768			$	7,957
State		(2,754		)		6,315				3,830
Total current tax expense		$	(2,346	)		$	17,083			$	11,787
Deferred
Federal		$	24,373			$	14,691			$	12,670
State		9,979				1,360				2,043
Total deferred tax expense		34,352				16,051				14,713
Total income tax expense		$	32,006			$	33,134			$	26,500

Schedule of reconciliations of the effective tax rates to the federal statutory rate

The reconciliations of the effective tax rates to the federal statutory rate are as follows:

		AWR
		Year Ended December 31,
(dollars in thousands, except percent)		2014				2013				2012
Federal taxes on pretax income at statutory rate		$	34,687			$	34,464			$	31,533
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit		4,781				5,111				4,957
Flow-through on fixed assets		651				646				636
Flow-through on pension costs		(507		)		612				10
Flow-through on removal costs		(1,571		)		(2,141		)		(943		)
Domestic production activities deduction		(643		)		(2,944		)		(553		)
Investment tax credit		(91		)		(91		)		(91		)
Other – net		741				126				396
Total income tax expense from operations		$	38,048			$	35,783			$	35,945
Pretax income from operations		$	99,106			$	98,469			$	90,093
Effective income tax rate		38.4		%		36.3		%		39.9		%

		GSWC
		Year Ended December 31,
(dollars in thousands, except percent)		2014				2013				2012
Federal taxes on pretax income at statutory rate		$	27,952			$	28,622			$	23,002
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit		4,693				5,372				4,048
Flow-through on fixed assets		651				646				636
Flow-through on pension costs		(507		)		612				10
Flow-through on removal costs		(1,571		)		(2,141		)		(943		)
Domestic production activities deduction		(55		)		(1,316		)		(553		)
Investment tax credit		(91		)		(91		)		(91		)
Other – net		934				1,430				391
Total income tax expense from operations		$	32,006			$	33,134			$	26,500
Pretax income from operations		$	79,863			$	81,776			$	65,720
Effective income tax rate		40.1		%		40.5		%		40.3		%

X

- Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 9

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 740

-SubTopic 10

-Section 50

-Paragraph 12

-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration