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Segment and Non-Tariffed Business Reporting | 6 Months Ended
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Jun. 30, 2018
Segment Reporting [Abstract] |
SEGMENT AND NONTARIFFED BUSINESS REPORTING | Segment and Non-Tariffed Business Reporting SJW Group is a holding company with four subsidiaries: (i) San Jose Water Company, a water utility which operates both regulated and non-tariffed businesses, (ii) SJWTX, Inc. which is doing business as Canyon Lake Water Service Company (“CLWSC”), a regulated water utility located in Canyon Lake, Texas, and its consolidated non-tariffed variable interest entity, Acequia Water Supply Corporation, (iii) SJW Land Company and its consolidated variable interest entity, 444 West Santa Clara Street, L.P., which operated a commercial building rental that was sold in April 2017, and (iv) Hydro Sub, Inc., a Connecticut corporation that was formed on March 9, 2018 for the sole purpose of effecting the SJW Group and Connecticut Water Service, Inc. (“CTWS”) proposed merger (see discussion on the proposed merger at Note 12). In November 2017, SJW Group sold all its equity interest in Texas Water Alliance Limited, a non-tariffed water utility operation which had acquired permits and leases necessary to develop a water supply project in Texas. In accordance with FASB ASC Topic 280 - “Segment Reporting,” SJW Group has determined that it has two reportable business segments. The first segment is that of providing water utility and utility-related services to its customers through SJW Group’s subsidiaries, San Jose Water Company, CLWSC, and Texas Water Alliance Limited (up to November 2017), together referred to as “Water Utility Services.” The second segment is property management and investment activity conducted by SJW Land Company, referred to as “Real Estate Services.” SJW Group’s reportable segments have been determined based on information used by the chief operating decision maker. SJW Group’s chief operating decision maker includes the Chairman, President and Chief Executive Officer, and his senior staff. The senior staff reviews financial information presented on a consolidated basis that is accompanied by disaggregated information about operating revenue, net income and total assets, by subsidiaries. The following tables set forth information relating to SJW Group’s reportable segments and distribution of regulated and non-tariffed business activities within the reportable segments. Certain allocated assets, revenue and expenses have been included in the reportable segment amounts. Other business activity of SJW Group not included in the reportable segments is included in the “All Other” category.
| For Three Months Ended June 30, 2018
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 95,798 |  |  | 1,967 |  |  | 1,321 |  |  | — |  |  | 95,798 |  |  | 3,288 |  |  | 99,086 |
Operating expense | 70,642 |  |  | 1,278 |  |  | 891 |  |  | 3,476 |  |  | 70,642 |  |  | 5,645 |  |  | 76,287 |
Operating income (loss) | 25,156 |  |  | 689 |  |  | 430 |  |  | (3,476 | ) |  | 25,156 |  |  | (2,357 | ) |  | 22,799 |
Net income (loss) before noncontrolling interest | 15,022 |  |  | 497 |  |  | 296 |  |  | (2,944 | ) |  | 15,022 |  |  | (2,151 | ) |  | 12,871 |
Depreciation and amortization | 13,272 |  |  | 85 |  |  | 299 |  |  | — |  |  | 13,272 |  |  | 384 |  |  | 13,656 |
Senior note and other interest expense | 5,540 |  |  | — |  |  | — |  |  | 544 |  |  | 5,540 |  |  | 544 |  |  | 6,084 |
Income tax expense (benefit) in net income | 4,650 |  |  | 193 |  |  | 92 |  |  | (867 | ) |  | 4,650 |  |  | (582 | ) |  | 4,068 |
Assets | $ | 1,449,714 |  |  | 3,768 |  |  | 46,756 |  |  | (117 | ) |  | 1,449,714 |  |  | 50,407 |  |  | 1,500,121 |
| For Three Months Ended June 30, 2017
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 98,836 |  |  | 1,910 |  |  | 1,327 |  |  | — |  |  | 98,836 |  |  | 3,237 |  |  | 102,073 |
Operating expense | 67,285 |  |  | 1,223 |  |  | 942 |  |  | 804 |  |  | 67,285 |  |  | 2,969 |  |  | 70,254 |
Operating income (loss) | 31,551 |  |  | 687 |  |  | 385 |  |  | (804 | ) |  | 31,551 |  |  | 268 |  |  | 31,819 |
Net income (loss) before noncontrolling interest | 16,080 |  |  | 320 |  |  | 5,321 |  |  | (1,137 | ) |  | 16,080 |  |  | 4,504 |  |  | 20,584 |
Depreciation and amortization | 11,592 |  |  | 142 |  |  | 299 |  |  | — |  |  | 11,592 |  |  | 441 |  |  | 12,033 |
Senior note, mortgage and other interest expense | 5,215 |  |  | — |  |  | (3 | ) |  | 544 |  |  | 5,215 |  |  | 541 |  |  | 5,756 |
Income tax expense (benefit) in net income | 9,908 |  |  | 236 |  |  | 1,988 |  |  | (168 | ) |  | 9,908 |  |  | 2,056 |  |  | 11,964 |
Assets | $ | 1,398,567 |  |  | 19,358 |  |  | 49,337 |  |  | 3,924 |  |  | 1,398,567 |  |  | 72,619 |  |  | 1,471,186 |
| For Six Months Ended June 30, 2018
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 168,151 |  |  | 3,315 |  |  | 2,662 |  |  | — |  |  | 168,151 |  |  | 5,977 |  |  | 174,128 |
Operating expense | 132,343 |  |  | 2,166 |  |  | 1,740 |  |  | 7,749 |  |  | 132,343 |  |  | 11,655 |  |  | 143,998 |
Operating income (loss) | 35,808 |  |  | 1,149 |  |  | 922 |  |  | (7,749 | ) |  | 35,808 |  |  | (5,678 | ) |  | 30,130 |
Net income (loss) | 19,817 |  |  | 828 |  |  | 652 |  |  | (7,141 | ) |  | 19,817 |  |  | (5,661 | ) |  | 14,156 |
Depreciation and amortization | 26,473 |  |  | 168 |  |  | 598 |  |  | — |  |  | 26,473 |  |  | 766 |  |  | 27,239 |
Senior note and other interest expense | 11,048 |  |  | — |  |  | — |  |  | 1,088 |  |  | 11,048 |  |  | 1,088 |  |  | 12,136 |
Income tax expense (benefit) in net income | 5,142 |  |  | 322 |  |  | 186 |  |  | (2,162 | ) |  | 5,142 |  |  | (1,654 | ) |  | 3,488 |
Assets | $ | 1,449,714 |  |  | 3,768 |  |  | 46,756 |  |  | (117 | ) |  | 1,449,714 |  |  | 50,407 |  |  | 1,500,121 |
| For Six Months Ended June 30, 2017
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 165,054 |  |  | 3,174 |  |  | 2,890 |  |  | — |  |  | 165,054 |  |  | 6,064 |  |  | 171,118 |
Operating expense | 122,031 |  |  | 2,054 |  |  | 1,890 |  |  | 1,616 |  |  | 122,031 |  |  | 5,560 |  |  | 127,591 |
Operating income (loss) | 43,023 |  |  | 1,120 |  |  | 1,000 |  |  | (1,616 | ) |  | 43,023 |  |  | 504 |  |  | 43,527 |
Net income (loss) | 20,029 |  |  | 492 |  |  | 5,681 |  |  | (1,947 | ) |  | 20,029 |  |  | 4,226 |  |  | 24,255 |
Depreciation and amortization | 23,252 |  |  | 278 |  |  | 622 |  |  | — |  |  | 23,252 |  |  | 900 |  |  | 24,152 |
Senior note, mortgage and other interest expense | 10,640 |  |  | — |  |  | 62 |  |  | 1,111 |  |  | 10,640 |  |  | 1,173 |  |  | 11,813 |
Income tax expense (benefit) in net income | 11,701 |  |  | 373 |  |  | 2,116 |  |  | (658 | ) |  | 11,701 |  |  | 1,831 |  |  | 13,532 |
Assets | $ | 1,398,567 |  |  | 19,358 |  |  | 49,337 |  |  | 3,924 |  |  | 1,398,567 |  |  | 72,619 |  |  | 1,471,186 |
* The “All Other” category includes the accounts of SJW Group and Hydro Sub, Inc. on a stand-alone basis. For the six months ended June 30, 2018, Hydro Sub, Inc. had no recorded revenue or expenses and as of June 30, 2018, held no assets and had incurred no liabilities. For the six months ended June 30, 2017, the “All Other” category includes the accounts of SJW Group on a stand-alone basis.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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