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Defined Benefit Plan (Tables)

3 Months Ended

Mar. 31, 2018

Retirement Benefits [Abstract]

Schedule of Net Benefit Costs

As of March 31, 2017, utility plant included $128 of capitalized pension non-service cost. The components of net periodic benefit cost have been recorded in the consolidated statements of comprehensive income as follows:

	Three months ended March 31,
	2018				2017
Other production expenses	$	423			348
Administrative and general expense	895				745
Maintenance expense	278				237
Pension non-service costs	583				871
	$	2,179			2,201

The components of net periodic benefit costs for San Jose Water Company’s pension plan, its Executive Supplemental Retirement Plan, Cash Balance Executive Supplemental Retirement Plan and Social Welfare Plan for the three months ended March 31, 2018, and 2017 are as follows:

	Three months ended March 31,
	2018				2017
Service cost	$	1,596			1,330
Interest cost	1,877				1,903
Other cost	1,133				1,038
Expected return on assets	(2,427		)		(2,070	)
	$	2,179			2,201

Schedule of Allocation of Plan Assets

The following tables summarize the fair values of plan assets by major categories as of March 31, 2018, and December 31, 2017:

			Fair Value Measurements at March 31, 2018
							Quoted Prices in Active Markets for Identical Assets				Significant Observable Inputs				Significant Unobservable Inputs
Asset Category	Benchmark		Total				(Level 1)				(Level 2)				(Level 3)
Cash and cash equivalents			$	5,928			$	5,928			$	—			$	—
Actively Managed (a):
All Cap Equity	Russell 3000 Value		6,190				6,151				39				—
U.S. Large Cap Equity	Russell 1000, Russell 1000 Growth, Russell 1000 Value		50,495				50,495				—				—
U.S. Mid Cap Equity	Russell Mid Cap, Russell Mid Cap Growth, Russell Mid Cap Value		9,376				9,376				—				—
U.S. Small Cap Equity	Russell 2000, Russell 2000 Growth, Russell 2000 Value		9,306				9,306				—				—
Non-U.S. Large Cap Equity	MSCI EAFE		5,949				5,949				—				—
REIT	NAREIT - Equity REIT’S		5,864				—				5,864				—
Fixed Income (b)	(b)		44,873				—				44,873				—
Total			$	137,981			$	87,205			$	50,776			$	—

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 and cash 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, 2017
							Quoted Prices in Active Markets for Identical Assets				Significant Observable Inputs				Significant Unobservable Inputs
Asset Category	Benchmark		Total				(Level 1)				(Level 2)				(Level 3)
Cash and cash equivalents			$	8,207			$	8,207			$	—			$	—
Actively Managed (a):
All Cap Equity	Russell 3000 Value		6,413				6,376				37				—
U.S. Large Cap Equity	Russell 1000, Russell 1000 Growth, Russell 1000 Value		50,351				50,351				—				—
U.S. Mid Cap Equity	Russell Mid Cap, Russell Mid Cap Growth, Russell Mid Cap Value		9,358				9,358				—				—
U.S. Small Cap Equity	Russell 2000, Russell 2000 Growth, Russell 2000 Value		8,725				8,725				—				—
Non-U.S. Large Cap Equity	MSCI EAFE		5,973				5,973				—				—
REIT	NAREIT - Equity REIT’S		6,143				—				6,143				—
Fixed Income (b)	(b)		44,994				—				44,994				—
Total			$	140,164			$	88,990			$	51,174			$	—

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 and cash 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.

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- References

No definition available.

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- 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=82843861&loc=d3e1928-114920

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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=82843861&loc=d3e1928-114920

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