XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]    
REVENUE $ 77,682 $ 75,042
Production Expenses:    
Purchased water 13,662 15,416
Power 1,160 1,268
Groundwater extraction charges 6,863 9,532
Other production expenses 5,099 4,212
Total production expenses 26,784 30,428
Administrative and general 12,291 11,568
Maintenance 4,325 4,460
Property taxes and other non-income taxes 4,128 3,866
Depreciation and amortization 15,145 13,583
Merger related expenses 2,601 3,806
Total operating expense 65,274 67,711
OPERATING INCOME 12,408 7,331
OTHER (EXPENSE) INCOME:    
Interest on long-term debt and other interest expense (5,791) (6,052)
Pension non-service cost (921) (583)
Unrealized loss on California Water Service Group stock 0 (667)
Interest income on money market fund 1,832 0
Other, net 390 676
Income before income taxes 7,918 705
Provision for income taxes 2,045 (580)
NET INCOME 5,873 1,285
COMPREHENSIVE INCOME $ 5,873 $ 1,285
EARNINGS PER SHARE    
Basic (usd per share) $ 0.21 $ 0.06
Diluted (usd per share) 0.21 0.06
DIVIDENDS PER SHARE (usd per share) $ 0.30 $ 0.28
WEIGHTED AVERAGE SHARES OUTSTANDING    
Basic (shares) 28,423,214 20,561,329
Diluted (shares) 28,507,738 20,701,031