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Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015 and 2014 are:

		AWR								GSWC
		December 31,								December 31,
(dollars in thousands)		2015				2014				2015				2014
Deferred tax assets:
Regulatory-liability-related: ITC		$	952			$	1,001			$	952			$	1,001
Regulatory-liability-related: California Corp Franchise Tax		4,530				4,328				4,530				4,328
Other non-property-related		2,486				2,395				1,997				2,136
Contributions and advances		8,026				8,335				8,026				8,335
		$	15,994			$	16,059			$	15,505			$	15,800
Deferred tax liabilities:
Fixed assets		$	(178,004	)		$	(163,232	)		$	(179,660	)		$	(164,724	)
Regulatory-asset-related: depreciation and other		(21,658		)		(22,941		)		(21,658		)		(22,941		)
California Corp Franchise Tax		(2,440		)		(4,069		)		(3,051		)		(4,831		)
Other property-related		(66		)		(59		)		(65		)		(59		)
Balancing and memorandum accounts		(1,824		)		(4,071		)		(1,824		)		(4,071		)
Deferred charges		(4,849		)		(5,461		)		(4,905		)		(5,461		)
		(208,841		)		(199,833		)		(211,163		)		(202,087		)
Accumulated deferred income taxes - net		$	(192,847	)		$	(183,774	)		$	(195,658	)		$	(186,287	)

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)		2015				2014				2013
Current
Federal		$	21,866			$	5,595			$	13,741
State		5,442				137				5,930
Total current tax expense		$	27,308			$	5,732			$	19,671
Deferred
Federal		$	8,948			$	24,815			$	14,769
State		1,475				7,501				1,343
Total deferred tax expense		10,423				32,316				16,112
Total income tax expense		$	37,731			$	38,048			$	35,783

		GSWC
		Year Ended December 31,
(dollars in thousands)		2015				2014				2013
Current
Federal		$	16,196			$	408			$	10,768
State		5,557				(2,754		)		6,315
Total current tax expense		$	21,753			$	(2,346	)		$	17,083
Deferred
Federal		$	8,536			$	24,373			$	14,691
State		2,183				9,979				1,360
Total deferred tax expense		10,719				34,352				16,051
Total income tax expense		$	32,472			$	32,006			$	33,134

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)		2015				2014				2013
Federal taxes on pretax income at statutory rate		$	34,375			$	34,687			$	34,464
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit		4,843				4,781				5,111
Flow-through on fixed assets		626				651				646
Flow-through on pension costs		267				(507		)		612
Flow-through on removal costs		(929		)		(1,571		)		(2,141		)
Domestic production activities deduction		(1,560		)		(643		)		(2,944		)
Investment tax credit		(88		)		(91		)		(91		)
Other – net		197				741				126
Total income tax expense from operations		$	37,731			$	38,048			$	35,783
Pretax income from operations		$	98,215			$	99,106			$	98,469
Effective income tax rate		38.4		%		38.4		%		36.3		%

		GSWC
		Year Ended December 31,
(dollars in thousands, except percent)		2015				2014				2013
Federal taxes on pretax income at statutory rate		$	28,022			$	27,952			$	28,622
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit		5,151				4,693				5,372
Flow-through on fixed assets		626				651				646
Flow-through on pension costs		267				(507		)		612
Flow-through on removal costs		(929		)		(1,571		)		(2,141		)
Domestic production activities deduction		(1,268		)		(55		)		(1,316		)
Investment tax credit		(88		)		(91		)		(91		)
Other – net		691				934				1,430
Total income tax expense from operations		$	32,472			$	32,006			$	33,134
Pretax income from operations		$	80,063			$	79,863			$	81,776
Effective income tax rate		40.6		%		40.1		%		40.5		%

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- 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

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- 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

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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

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