XML 44 R30.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Benefit Plans (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2015
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
| 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013
| % |  | % |  | % |  | % |  | % |  | %
Discount rate | 3.88 |  | 4.82 |  | 3.92 |  | 3.80 |  | 4.70 |  | 3.80
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
| 2015 |  | 2014 |  | 2015 |  | 2014
| % |  | % |  | % |  | %
Discount rate | 4.24 |  | 3.88 |  | 4.10 |  | 3.80
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
| 2015 |  | 2014 |  | 2013 |  | 2015 |  | 2014 |  | 2013
Components of net periodic benefit cost |  |  |  |  |  |  |  |  |  |  |
Service cost | $ | 5,072 |  |  | 3,938 |  |  | 4,594 |  |  | $ | 379 |  |  | 284 |  |  | 361 |
Interest cost | 6,342 |  |  | 6,098 |  |  | 5,393 |  |  | 504 |  |  | 508 |  |  | 508 |
Expected return on assets | (6,984 | ) |  | (6,414 | ) |  | (5,289 | ) |  | (283 | ) |  | (268 | ) |  | (230 | )
Amortization of prior service cost | 376 |  |  | 376 |  |  | 394 |  |  | 197 |  |  | 197 |  |  | 197 |
Recognized actuarial loss | 4,005 |  |  | 1,879 |  |  | 4,052 |  |  | 188 |  |  | 59 |  |  | 189 |
Net periodic benefit cost | $ | 8,811 |  |  | 5,877 |  |  | 9,144 |  |  | $ | 985 |  |  | 780 |  |  | 1,025 |
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
| 2015 |  | 2014 |  | 2015 |  | 2014
Change in benefit obligation |  |  |  |  |  |  |
Benefit obligation at beginning of year | $ | 165,304 |  |  | 128,699 |  |  | $ | 13,714 |  |  | 10,976 |
Service cost | 5,072 |  |  | 3,938 |  |  | 379 |  |  | 284 |
Interest cost | 6,342 |  |  | 6,098 |  |  | 504 |  |  | 508 |
Actuarial (gain)/loss | (7,436 | ) |  | 31,161 |  |  | 2,231 |  |  | 2,322 |
Benefits paid | (5,014 | ) |  | (4,592 | ) |  | (408 | ) |  | (376 | )
Benefit obligation at end of year | $ | 164,268 |  |  | 165,304 |  |  | $ | 16,420 |  |  | 13,714 |
Change in plan assets |  |  |  |  |  |  |
Fair value of assets at beginning of year | $ | 99,628 |  |  | 91,358 |  |  | $ | 4,251 |  |  | 3,995 |
Actual return on plan assets | 965 |  |  | 6,392 |  |  | 79 |  |  | 119 |
Employer contributions | 9,374 |  |  | 6,470 |  |  | 468 |  |  | 434 |
Benefits paid | (5,014 | ) |  | (4,592 | ) |  | (336 | ) |  | (297 | )
Fair value of plan assets at end of year | 104,953 |  |  | 99,628 |  |  | 4,462 |  |  | 4,251 |
Funded status at end of year | $ | (59,315 | ) |  | (65,676 | ) |  | $ | (11,958 | ) |  | (9,463 | )
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
| 2015 |  | 2014 |  | 2015 |  | 2014
Current liabilities | $ | 957 |  |  | 883 |  |  | $ | 86 |  |  | 69 |
Noncurrent liabilities | 58,358 |  |  | 64,793 |  |  | 11,872 |  |  | 9,394 |
| $ | 59,315 |  |  | 65,676 |  |  | $ | 11,958 |  |  | 9,463 |
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:
| 2015 |  | 2014
Funded status of obligation | $ | 71,273 |  |  | 75,139 |
Accrued benefit cost | (6,587 | ) |  | (6,704 | )
Amount to be recovered in future rates | 64,686 |  |  | 68,435 |
Tax gross-up | 44,482 |  |  | 47,059 |
Regulatory asset | $ | 109,168 |  |  | 115,494 |
Schedule of Estimated Amortization | The estimated amortization for the year ended December 31, 2016 is as follows:
| Pension Benefits |  | Other Benefits
Amortization of prior service cost | $ | 3,440 |  |  | 197 |
Amortization of loss | 376 |  |  | 188 |
Total | $ | 3,816 |  |  | 385 |
Schedule of Allocation of Plan Assets | The following tables summarize the fair values of plan assets by major categories as of December 31, 2015 and 2014:
|  |  |  |  | Fair Value Measurements at December 31, 2015
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 |  |  | $ | 9,500 |  |  | $ | 9,500 |  |  | $ | — |  |  | $ | — |
Actively Managed (a): |  |  |  |  |  |  |  |  |
All Cap Equity | Russell 3000 Value |  | 4,067 |  |  | 4,041 |  |  | 26 |  |  | — |
U.S. Large Cap Equity | Russell 1000, Russell 1000 Growth, Russell 1000 Value |  | 36,010 |  |  | 36,010 |  |  | — |  |  | — |
U.S. Mid Cap Equity | Russell Mid Cap, Russell Mid Cap Growth, Russell Mid Cap Value |  | 5,886 |  |  | 5,886 |  |  | — |  |  | — |
U.S. Small Cap Equity | Russell 2000, Russell 2000 Growth, Russell 2000 Value, Russell 2500 |  | 5,188 |  |  | 5,188 |  |  | — |  |  | — |
Non-U.S. Large Cap Equity | MSCI EAFE |  | 4,804 |  |  | 4,804 |  |  | — |  |  | — |
REIT | NAREIT—Equity REIT's |  | 5,346 |  |  | — |  |  | 5,346 |  |  | — |
Fixed Income (b) | (b) |  | 38,614 |  |  | — |  |  | 38,614 |  |  | — |
Total |  |  | $ | 109,415 |  |  | $ | 65,429 |  |  | $ | 43,986 |  |  | $ | — |
___________________________________ 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, 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 |  | 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.
Plan assets for the years ended December 31 were as follows:
| Pension Benefits |  | Other Benefits
| 2015 |  | 2014 |  | 2015 |  | 2014
Fair value of assets at end of year: |  |  |  |  |  |  |
Debt securities | $ | 37,088 |  |  | 35,034 |  |  | $ | 1,527 |  |  | 1,401 |
| 35 | % |  | 35 | % |  | 34 | % |  | 33 | %
Equity securities | 58,958 |  |  | 58,286 |  |  | 2,343 |  |  | 2,347 |
| 56 | % |  | 59 | % |  | 53 | % |  | 55 | %
Cash and equivalents | 8,907 |  |  | 6,308 |  |  | 592 |  |  | 503 |
| 9 | % |  | 6 | % |  | 13 | % |  | 12 | %
Total | $ | 104,953 |  |  | 99,628 |  |  | $ | 4,462 |  |  | 4,251 |
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
2016 | $ | 5,879 |  |  | $ | 660 |
2017 | 6,169 |  |  | 697 |
2018 | 6,546 |  |  | 734 |
2019 | 6,743 |  |  | 767 |
2020 | 7,191 |  |  | 795 |
2021 - 2025 | 42,464 |  |  | 3,705 |

X
- Definition Schedule of Estimated Amortization [Table Text Block] + References No definition available. + Details
Name: | sjw_ScheduleOfEstimatedAmortizationTableTextBlock
Namespace Prefix: | sjw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Regulatory Asset Recorded on the Projected Benefit Obligation of the Postretirement Benefit Plans [Table Text Block] + References No definition available. + Details
Name: | sjw_ScheduleOfRegulatoryAssetRecordedOnProjectedBenefitObligationOfPostretirementBenefitPlansTableTextBlock
Namespace Prefix: | sjw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of net funded status of pension plans and/or other employee benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=35743120&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetFundedStatusTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration