XML 52 R36.htm IDEA: XBRL DOCUMENT v3.6.0.2

Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2016

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, 2016 and 2015 are:

		AWR								GSWC
		December 31,								December 31,
(dollars in thousands)		2016				2015				2016				2015
Deferred tax assets:
Regulatory-liability-related: ITC		$	903			$	952			$	903			$	952
Regulatory-liability-related: California Corp Franchise Tax		3,365				4,530				3,365				4,530
Other non-property-related		1,993				2,486				1,901				1,997
Contributions and advances		7,464				8,026				7,712				8,026
		$	13,725			$	15,994			$	13,881			$	15,505
Deferred tax liabilities:
Fixed assets		$	(200,378	)		$	(178,004	)		$	(203,133	)		$	(179,660	)
Regulatory-asset-related: depreciation and other		(24,402		)		(21,658		)		(24,402		)		(21,658		)
California Corp Franchise Tax		(2,033		)		(2,440		)		(2,208		)		(3,051		)
Other property-related		—				(66		)		(68		)		(65		)
Balancing and memorandum accounts		(7,010		)		(1,824		)		(7,271		)		(1,824		)
Deferred charges		(4,429		)		(4,849		)		(4,597		)		(4,905		)
		(238,252		)		(208,841		)		(241,679		)		(211,163		)
Accumulated deferred income taxes - net		$	(224,527	)		$	(192,847	)		$	(227,798	)		$	(195,658	)

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)		2016				2015				2014
Current
Federal		$	2,297			$	21,866			$	5,595
State		4,798				5,442				137
Total current tax expense		$	7,095			$	27,308			$	5,732
Deferred
Federal		$	26,715			$	8,948			$	24,815
State		925				1,475				7,501
Total deferred tax expense		27,640				10,423				32,316
Total income tax expense		$	34,735			$	37,731			$	38,048

		GSWC
		Year Ended December 31,
(dollars in thousands)		2016				2015				2014
Current
Federal		$	(3,115	)		$	16,196			$	408
State		3,625				5,557				(2,754		)
Total current tax expense		$	510			$	21,753			$	(2,346	)
Deferred
Federal		$	25,864			$	8,536			$	24,373
State		2,235				2,183				9,979
Total deferred tax expense		28,099				10,719				34,352
Total income tax expense		$	28,609			$	32,472			$	32,006

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)		2016				2015				2014
Federal taxes on pretax income at statutory rate		$	33,067			$	34,375			$	34,687
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit		3,029				4,843				4,781
Flow-through on fixed assets		994				626				651
Flow-through on pension costs		(247		)		267				(507		)
Flow-through on removal costs		(2,068		)		(929		)		(1,571		)
Domestic production activities deduction		(78		)		(1,560		)		(643		)
Investment tax credit		(83		)		(88		)		(91		)
Other – net		121				197				741
Total income tax expense from operations		$	34,735			$	37,731			$	38,048
Pretax income from operations		$	94,478			$	98,215			$	99,106
Effective income tax rate		36.8		%		38.4		%		38.4		%

		GSWC
		Year Ended December 31,
(dollars in thousands, except percent)		2016				2015				2014
Federal taxes on pretax income at statutory rate		$	26,452			$	28,022			$	27,952
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit		3,118				5,151				4,693
Flow-through on fixed assets		994				626				651
Flow-through on pension costs		(247		)		267				(507		)
Flow-through on removal costs		(2,068		)		(929		)		(1,571		)
Domestic production activities deduction		—				(1,268		)		(55		)
Investment tax credit		(82		)		(88		)		(91		)
Other – net		442				691				934
Total income tax expense from operations		$	28,609			$	32,472			$	32,006
Pretax income from operations		$	75,578			$	80,063			$	79,863
Effective income tax rate		37.9		%		40.6		%		40.1		%

X

- References

No definition available.

+ 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