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Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2016

Compensation and Retirement Disclosure [Abstract]

Schedule of Assumptions Used

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
	2016		2015		2016		2015
	%		%		%		%
Discount rate	4.04		4.24		3.93		4.10
Rate of compensation increase	4.00		4.00		N/A		N/A

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

	Pension Benefits						Other Benefits
	2016		2015		2014		2016		2015		2014
	%		%		%		%		%		%
Discount rate	4.24		3.88		4.82		4.10		3.80		4.70
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

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
	2016				2015			2014			2016				2015			2014
Components of net periodic benefit cost
Service cost	$	4,447			5,072			3,938			$	527			379			284
Interest cost	6,830				6,342			6,098			655				504			508
Expected return on assets	(7,288		)		(6,984	)		(6,414	)		(292		)		(283	)		(268	)
Amortization of prior service cost	376				376			376			197				197			197
Recognized actuarial loss	3,527				4,005			1,879			316				188			59
Net periodic benefit cost	$	7,892			8,811			5,877			$	1,403			985			780

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
	2016				2015			2016				2015
Change in benefit obligation
Benefit obligation at beginning of year	$	164,268			165,304			$	16,420			13,714
Service cost	4,447				5,072			527				379
Interest cost	6,830				6,342			655				504
Actuarial (gain)/loss	3,967				(7,436	)		(528		)		2,231
Implicit rate subsidy	—				—			(179		)		—
Benefits paid	(5,415		)		(5,014	)		(434		)		(408	)
Benefit obligation at end of year	$	174,097			164,268			$	16,461			16,420
Change in plan assets
Fair value of assets at beginning of year	$	104,953			99,628			$	4,462			4,251
Actual return on plan assets	5,936				965			295				79
Employer contributions	8,421				9,374			793				468
Benefits paid	(5,415		)		(5,014	)		(184		)		(336	)
Fair value of plan assets at end of year	113,895				104,953			5,366				4,462
Funded status at end of year	$	(60,202	)		(59,315	)		$	(11,095	)		(11,958	)

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
	2016				2015			2016				2015
Current liabilities	$	1,032			957			$	87			86
Noncurrent liabilities	59,170				58,358			11,008				11,872
	$	60,202			59,315			$	11,095			11,958

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:

	2016				2015
Funded status of obligation	$	71,297			71,273
Accrued benefit cost	(6,239		)		(6,587	)
Amount to be recovered in future rates	65,058				64,686
Tax gross-up	44,737				44,482
Regulatory asset	$	109,795			109,168

Schedule of Estimated Amortization

The estimated amortization for the year ended December 31, 2017 is as follows:

	Pension Benefits				Other Benefits
Amortization of prior service cost	$	3,504			197
Amortization of loss	79				316
Total	$	3,583			513

Schedule of Allocation of Plan Assets

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

	Pension Benefits							Other Benefits
	2016				2015			2016				2015
Fair value of assets at end of year:
Debt securities	$	38,887			37,088			$	1,627			1,527
	34		%		35	%		30		%		34	%
Equity securities	66,022				58,958			2,675				2,343
	58		%		56	%		50		%		53	%
Cash and equivalents	8,986				8,907			1,064				592
	8		%		8	%		20		%		13	%
Total	$	113,895			104,953			$	5,366			4,462

The following tables summarize the fair values of plan assets by major categories as of December 31, 2016 and 2015:

							Fair Value Measurements at December 31, 2016
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			$	10,050			$	10,050			$	—			$	—
Actively Managed (a):
All Cap Equity	Russell 3000 Value		5,290				5,266				24				—
U.S. Large Cap Equity	Russell 1000, Russell 1000 Growth, Russell 1000 Value		39,534				39,534				—				—
U.S. Mid Cap Equity	Russell Mid Cap, Russell Mid Cap Growth, Russell Mid Cap Value		7,021				7,021				—				—
U.S. Small Cap Equity	Russell 2000, Russell 2000 Growth, Russell 2000 Value, Russell 2500		6,357				6,357				—				—
Non-U.S. Large Cap Equity	MSCI EAFE		4,832				4,832				—				—
REIT	NAREIT—Equity REIT’s		5,663				—				5,663				—
Fixed Income (b)	(b)		40,514				—				40,514				—
Total			$	119,261			$	73,060			$	46,201			$	—

___________________________________

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, 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		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.

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
2017	$	6,356			$	721
2018	6,667				752
2019	6,799				777
2020	7,201				795
2021	7,556				842
2022 - 2026	41,653				4,818

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