XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.24.2.u1

Fair Value of Financial Instruments | 6 Months Ended
--- | ---
Jun. 30, 2024
Fair Value Disclosures [Abstract] |
Fair Value of Financial Instruments | Fair Value of Financial Instruments For cash and cash equivalents, accounts receivable, accounts payable and short-term debt, the carrying amount is assumed to approximate fair value due to the short-term nature of these items. Investments held in a Rabbi Trust for the supplemental executive retirement plan (“SERP”) are measured at fair value and totaled $37.2 million as of June 30, 2024 and $34.1 million as of December 31, 2023. All equity investments in the Rabbi Trust are Level 1 investments in mutual funds. The investments held in the Rabbi Trust are included in “Other Property and Investments” on Registrant’s balance sheets. The table below estimates the fair value of long-term debt held by AWR and GSWC, respectively. The fair values as of June 30, 2024 and December 31, 2023 were determined using rates for similar financial instruments of the same duration utilizing Level 2 methods and assumptions. Changes in the assumptions will produce different results.
|  | June 30, 2024 |  | December 31, 2023
(dollars in thousands) |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Financial liabilities: |  |  |  |  |  |  |  |
Long-term debt—AWR (1) |  | $ | 643,791 |  |  | $ | 603,019 |  |  | $ | 579,047 |  |  | $ | 556,214 |
|  | June 30, 2024 |  | December 31, 2023
(dollars in thousands) |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Financial liabilities: |  |  |  |  |  |  |  |
Long-term debt—GSWC (2) |  | $ | 608,791 |  |  | $ | 570,888 |  |  | $ | 544,047 |  |  | $ | 522,883 |
__________________ (1) Excludes debt issuance costs of approximately $3.4 million and $3.1 million as of June 30, 2024 and December 31, 2023, respectively. (2) Excludes debt issuance costs of approximately $3.2 million and $3.0 million as of June 30, 2024 and December 31, 2023, respectively.

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for financial instruments. This disclosure includes, but is not limited to, fair value measurements of short and long term marketable securities, international currencies forward contracts, and auction rate securities. Financial instruments may include hedging and non-hedging currency exchange instruments, derivatives, securitizations and securities available for sale at fair value. Also included are investment results, realized and unrealized gains and losses as well as impairments and risk management disclosures. + References No definition available. + Details
Name: | us-gaap_FinancialInstrumentsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration