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Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2014

Compensation and Retirement Disclosure [Abstract]

Schedule of Assumptions Used

Net periodic cost for the defined benefit plans and other postretirement benefits was calculated using the following weighted-average assumptions:

	Pension Benefits						Other Benefits
	2014		2013		2012		2014		2013		2012
	%		%		%		%		%		%
Discount rate	4.82		3.92		4.34		4.70		3.80		4.25
Expected return on plan assets	7.00		7.00		7.00		7.00		7.00		7.00
Rate of compensation increase	4.00		4.00		4.00		N/A		N/A		N/A

Benefit obligations for the defined benefit plans and other postretirement benefits were calculated using the following weighted-average assumptions as of December 31:

	Pension Benefits				Other Benefits
	2014		2013		2014		2013
	%		%		%		%
Discount rate	3.88		4.82		3.80		4.70
Rate of compensation increase	4.00		4.00		N/A		N/A

Schedule of Net Benefit Costs

Net periodic costs for the defined benefit plans and other postretirement benefits for the years ended December 31 was as follows:

	Pension Benefits										Other Benefits
	2014				2013			2012			2014				2013			2012
Components of net periodic benefit cost
Service cost	$	3,938			4,594			4,288			$	284			361			339
Interest cost	6,098				5,393			5,349			508				508			452
Expected return on assets	(6,414		)		(5,289	)		(4,442	)		(268		)		(230	)		(151	)
Amortization of transition obligation	—				—			—			—				—			1
Amortization of prior service cost	376				394			414			197				197			197
Recognized actuarial loss	1,879				4,052			3,857			59				189			195
Net periodic benefit cost	$	5,877			9,144			9,466			$	780			1,025			1,033

Schedule of Net Funded Status

The projected benefit obligations and the funded status of San Jose Water Company's defined benefit pension and other postretirement plans as of December 31 were as follows:

	Pension Benefits							Other Benefits
	2014				2013			2014				2013
Change in benefit obligation
Benefit obligation at beginning of year	$	128,699			140,999			$	10,976			12,243
Service cost	3,938				4,594			284				361
Interest cost	6,098				5,393			508				508
Actuarial (gain)/loss	31,161				(18,082	)		2,322				(1,829	)
Benefits paid	(4,592		)		(4,205	)		(376		)		(307	)
Benefit obligation at end of year	$	165,304			128,699			$	13,714			10,976
Change in plan assets
Fair value of assets at beginning of year	$	91,358			75,542			$	3,995			3,478
Actual return on plan assets	6,392				10,478			119				325
Employer contributions	6,470				9,543			434				445
Benefits paid	(4,592		)		(4,205	)		(297		)		(253	)
Fair value of plan assets at end of year	99,628				91,358			4,251				3,995
Funded status at end of year	$	(65,676	)		(37,341	)		$	(9,463	)		(6,981	)

Schedule of Amounts Recognized in Balance Sheet

The amounts recognized on the balance sheet as of December 31 were as follows:

	Pension Benefits							Other Benefits
	2014				2013			2014				2013
Current liabilities	$	883			757			$	69			68
Noncurrent liabilities	64,793				36,584			9,394				6,913
	$	65,676			37,341			$	9,463			6,981

Schedule of Regulatory Asset Recorded on the Projected Benefit Obligation of the Postretirement Benefit Plans

San Jose Water Company recorded a regulatory asset, including a gross-up for taxes, on the projected benefit obligation of the postretirement benefit plans as follows:

	2014				2013
Funded status of obligation	$	75,139			44,322
Accrued benefit cost	(6,704		)		(7,030	)
Amount to be recovered in future rates	68,435				37,292
Tax gross-up	47,059				25,657
Regulatory asset	$	115,494			62,949

Schedule of Estimated Amortization

The estimated amortization for the year ended December 31, 2015 is as follows:

	Pension Benefits				Other Benefits
Amortization of prior service cost	$	3,883			197
Amortization of loss	376				214
Total	$	4,259			411

Schedule of Allocation of Plan Assets

The following tables summarize the fair values of plan assets by major categories as of December 31, 2014 and 2013:

							Fair Value Measurements at December 31, 2014
Asset Category	Benchmark		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash and cash equivalents			$	6,811			$	6,811			$	—			$	—
Actively Managed (a):
All Cap Equity	Russell 3000 Value		4,266				4,237				29				—
U.S. Large Cap Equity	Russell 1000, Russell 1000 Growth, Russell 1000 Value		35,489				35,489				—				—
U.S. Mid Cap Equity	Russell Mid Cap, Russell Mid Cap Growth, Russell Mid Cap Value		6,069				6,069				—				—
U.S. Small Cap Equity	Russell 2000, Russell 2000 Growth, Russell 2000 Value, Russell 2500		4,982				4,982				—				—
Non-U.S. Large Cap Equity	MSCI EAFE		4,758				4,758				—				—
REIT	NAREIT—Equity REIT's		5,069				—				5,069				—
Fixed Income (b)	(b)		36,435				—				36,435				—
Total			$	103,879			$	62,346			$	41,533			$	—

___________________________________

The Plan has a current target allocation of 55% invested in a diversified array of equity securities to provide long-term capital appreciation and 45% invested in a diversified array of fixed income securities to provide preservation of capital plus generation of income.

(a) Actively managed portfolio of securities with the goal to exceed the stated benchmark performance.

(b) Actively managed portfolio of fixed income securities with the goal to exceed the Barclays 1-5 Year Government/Credit, Barclays Intermediate Government/Credit, and Merrill Lynch Preferred Stock Fixed Rate.

							Fair Value Measurements at December 31, 2013
Asset Category	Benchmark		Total				Quoted Prices in Active Markets for Identical Assets (Level 1)				Significant Observable Inputs (Level 2)				Significant Unobservable Inputs (Level 3)
Cash and cash equivalents			$	9,127			$	9,127			$	—			$	—
Actively Managed (a):
All Cap Equity	Russell 3000 Value		283				266				17				—
U.S. Large Cap Equity	Russell 1000, Russell 1000  Growth, Russell 1000 Value		32,286				32,286				—				—
U.S. Mid Cap Equity	Russell Mid Cap, Russell Mid Cap Growth, Russell Mid Cap Value		5,551				5,551				—				—
U.S. Small Cap Equity	Russell 2000, Russell 2000 Growth, Russell 2000 Value		3,236				3,236				—				—
Non-U.S. Large Cap Equity	MSCI EAFE		5,066				5,066				—				—
REIT	NAREIT—Equity REIT's		3,913				—				3,913				—
Fixed Income (b)	(b)		35,891				—				35,891				—
Total			$	95,353			$	55,532			$	39,821			$	—

___________________________________

The Plan has a current target allocation of 55% invested in a diversified array of equity securities to provide long-term capital appreciation and 45% invested in a diversified array of fixed income securities to provide preservation of capital plus generation of income.

(a) Actively managed portfolio of securities with the goal to exceed the stated benchmark performance.

(b) Actively managed portfolio of fixed income securities with the goal to exceed the Barclays 1-5 Year Government/Credit, Barclays Intermediate Government/Credit, and Merrill Lynch Preferred Stock Fixed Rate.

Plan assets for the years ended December 31 were as follows:

	Pension Benefits							Other Benefits
	2014				2013			2014				2013
Fair value of assets at end of year:
Debt securities	$	35,034			34,464			$	1,401			1,427
	35		%		38	%		33		%		36	%
Equity securities	58,286				48,442			2,347				1,893
	59		%		53	%		55		%		47	%
Cash and equivalents	6,308				8,452			503				675
	6		%		9	%		12		%		17	%
Total	$	99,628			91,358			$	4,251			3,995

Schedule of Expected Benefit Payments

Benefits expected to be paid in the next five years and in the aggregate for the five years thereafter are:

	Pension Plan				Other Postretirement Benefit Plan
2015	$	5,282			$	478
2016	5,600				515
2017	5,933				546
2018	6,312				580
2019	6,564				602
2020 - 2024	39,594				3,478

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