XML 71 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Income and Comprehensive Income (USD $)
In Thousands, except Share data, unless otherwise specified
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
Operating revenue $ 276,869 $ 261,547 $ 238,955
Production Expenses:      
Purchased water 63,225 66,106 54,317
Power 7,619 5,796 5,394
Groundwater extraction charges 37,927 23,940 20,997
Other production expenses 12,073 11,445 11,345
Total production expenses 120,844 107,287 92,053
Administrative and general 43,714 42,812 39,136
Maintenance 13,548 13,350 13,261
Property taxes and other non-income taxes 10,317 9,703 8,921
Depreciation and amortization 35,039 33,098 31,193
Total operating expense 223,462 206,250 184,564
Operating income 53,407 55,297 54,391
Other (expense) income:      
Interest on long-term debt (18,667) (18,662) (17,799)
Mortgage and other interest expense (1,255) (1,523) (1,876)
Gain on sale of real estate investment 1,063 910 0
Dividend income 246 243 238
Other, net 1,725 1,595 490
Income before income taxes 36,519 37,860 35,444
Provision for income taxes 14,135 15,542 14,566
Net income 22,384 22,318 20,878
Other comprehensive income (loss):      
Unrealized income (loss) on investment, net of taxes of $741 in 2013, $0 in 2012 and ($59) in 2011 1,077 36 (85)
Comprehensive income $ 23,461 $ 22,354 $ 20,793
Earnings per share      
—Basic (in dollars per share) $ 1.13 $ 1.20 $ 1.12
—Diluted (in dollars per share) $ 1.12 $ 1.18 $ 1.11
Weighted average shares outstanding      
—Basic 19,774,589 18,635,206 18,581,762
—Diluted 19,971,236 18,839,231 18,794,066