XML 25 R12.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment and Non-Tariffed Business Reporting | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
SEGMENT AND NONTARIFFED BUSINESS REPORTING | Segment and Non-Tariffed Business Reporting SJW Group is a holding company with four subsidiaries: (i) SJWC, a water utility operation with 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 commercial building rentals, and (iv) as of October 9, 2019, SJWNE LLC a holding company for CTWS and its subsidiaries, The Connecticut Water Company (“Connecticut Water”), The Maine Water Company (“Maine Water”), The Heritage Village Water Company (“HVWC”), The Avon Water Company (“Avon Water”), New England Water Utility Services, Inc. (“NEWUS”) and Chester Realty, Inc. On September 30, 2020, Avon Water and HVWC merged into Connecticut Water after receiving merger approval from the Connecticut Public Utilities Regulatory Authority (“PURA”). In accordance with FASB ASC Topic 280 - “Segment Reporting,” 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 executive staff. The first segment is that of providing water utility and utility-related services to its customers through SJW Group’s subsidiaries, SJWC, Connecticut Water, CLWSC, Maine Water, and NEWUS together referred to as “Water Utility Services.” The second segment is property management and investment activity conducted by SJW Land Company and Chester Realty, Inc., referred to as “Real Estate Services.” 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, such as goodwill, 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 September 30, 2020
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 161,646 |  |  | 2,814 |  |  | 1,403 |  |  | — |  |  | 161,646 |  |  | 4,217 |  |  | 165,863 |
Operating expense | 119,885 |  |  | 2,161 |  |  | 961 |  |  | 973 |  |  | 119,885 |  |  | 4,095 |  |  | 123,980 |
Operating income (loss) | 41,761 |  |  | 653 |  |  | 442 |  |  | (973 | ) |  | 41,761 |  |  | 122 |  |  | 41,883 |
Net income (loss) | 25,053 |  |  | 827 |  |  | 310 |  |  | (97 | ) |  | 25,053 |  |  | 1,040 |  |  | 26,093 |
Depreciation and amortization | 21,782 |  |  | 116 |  |  | 296 |  |  | 223 |  |  | 21,782 |  |  | 635 |  |  | 22,417 |
Interest on long-term debt and other interest expense | 8,112 |  |  | — |  |  | — |  |  | 5,062 |  |  | 8,112 |  |  | 5,062 |  |  | 13,174 |
Provision for income taxes | 9,450 |  |  | 179 |  |  | 105 |  |  | (5,156 | ) |  | 9,450 |  |  | (4,872 | ) |  | 4,578 |
Assets | $ | 3,131,778 |  |  | 8,589 |  |  | 45,980 |  |  | 73,367 |  |  | 3,131,778 |  |  | 127,936 |  |  | 3,259,714 |
| For Three Months Ended September 30, 2019
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 110,218 |  |  | 2,426 |  |  | 1,353 |  |  | — |  |  | 110,218 |  |  | 3,779 |  |  | 113,997 |
Operating expense | 89,924 |  |  | 1,636 |  |  | 935 |  |  | 4,418 |  |  | 89,924 |  |  | 6,989 |  |  | 96,913 |
Operating income (loss) | 20,294 |  |  | 790 |  |  | 418 |  |  | (4,418 | ) |  | 20,294 |  |  | (3,210 | ) |  | 17,084 |
Net income (loss) | 10,964 |  |  | 555 |  |  | 304 |  |  | (2,345 | ) |  | 10,964 |  |  | (1,486 | ) |  | 9,478 |
Depreciation and amortization | 14,712 |  |  | 111 |  |  | 299 |  |  | — |  |  | 14,712 |  |  | 410 |  |  | 15,122 |
Interest on long-term debt and other interest expense | 6,044 |  |  | — |  |  | — |  |  | 544 |  |  | 6,044 |  |  | 544 |  |  | 6,588 |
Provision for income taxes | 2,912 |  |  | 216 |  |  | 95 |  |  | (658 | ) |  | 2,912 |  |  | (347 | ) |  | 2,565 |
Assets | $ | 1,556,049 |  |  | 5,899 |  |  | 46,160 |  |  | 414,274 |  |  | 1,556,049 |  |  | 466,333 |  |  | 2,022,382 |
| For Nine Months Ended September 30, 2020
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 416,085 |  |  | 8,524 |  |  | 4,217 |  |  | — |  |  | 416,085 |  |  | 12,741 |  |  | 428,826 |
Operating expense | 323,087 |  |  | 5,281 |  |  | 2,642 |  |  | 4,436 |  |  | 323,087 |  |  | 12,359 |  |  | 335,446 |
Operating income (loss) | 92,998 |  |  | 3,243 |  |  | 1,575 |  |  | (4,436 | ) |  | 92,998 |  |  | 382 |  |  | 93,380 |
Net income (loss) | 53,117 |  |  | 3,178 |  |  | 1,141 |  |  | (9,205 | ) |  | 53,117 |  |  | (4,886 | ) |  | 48,231 |
Depreciation and amortization | 64,654 |  |  | 332 |  |  | 896 |  |  | 670 |  |  | 64,654 |  |  | 1,898 |  |  | 66,552 |
Interest on long-term debt and other interest expense | 24,575 |  |  | — |  |  | — |  |  | 15,063 |  |  | 24,575 |  |  | 15,063 |  |  | 39,638 |
Provision for income taxes | 16,101 |  |  | 909 |  |  | 361 |  |  | (8,145 | ) |  | 16,101 |  |  | (6,875 | ) |  | 9,226 |
Assets | $ | 3,131,778 |  |  | 8,589 |  |  | 45,980 |  |  | 73,367 |  |  | 3,131,778 |  |  | 127,936 |  |  | 3,259,714 |
| For Nine Months Ended September 30, 2019
| Water Utility Services |  | Real Estate Services |  | All Other* |  | SJW Group
| Regulated |  | Non-tariffed |  | Non-tariffed |  | Non-tariffed |  | Regulated |  | Non-tariffed |  | Total
Operating revenue | $ | 285,138 |  |  | 5,418 |  |  | 4,088 |  |  | — |  |  | 285,138 |  |  | 9,506 |  |  | 294,644 |
Operating expense | 226,073 |  |  | 3,833 |  |  | 2,834 |  |  | 10,441 |  |  | 226,073 |  |  | 17,108 |  |  | 243,181 |
Operating income (loss) | 59,065 |  |  | 1,585 |  |  | 1,254 |  |  | (10,441 | ) |  | 59,065 |  |  | (7,602 | ) |  | 51,463 |
Net income (loss) | 30,726 |  |  | 1,127 |  |  | 1,284 |  |  | (4,248 | ) |  | 30,726 |  |  | (1,837 | ) |  | 28,889 |
Depreciation and amortization | 44,159 |  |  | 313 |  |  | 896 |  |  | — |  |  | 44,159 |  |  | 1,209 |  |  | 45,368 |
Interest on long-term debt and other interest expense | 17,434 |  |  | — |  |  | — |  |  | 1,659 |  |  | 17,434 |  |  | 1,659 |  |  | 19,093 |
Provision for income taxes | 9,142 |  |  | 438 |  |  | 445 |  |  | (1,223 | ) |  | 9,142 |  |  | (340 | ) |  | 8,802 |
Assets | $ | 1,556,049 |  |  | 5,899 |  |  | 46,160 |  |  | 414,274 |  |  | 1,556,049 |  |  | 466,333 |  |  | 2,022,382 |
* The “All Other” category for the nine months ended September 30, 2020, includes the accounts of SJW Group, SJWNE LLC and CTWS on a stand-alone basis. For the three months ended September 30, 2019, the “All Other” category includes the accounts of SJW Group and Hydro Sub, Inc. on a stand-alone basis. For the three months ended September 30, 2019, Hydro Sub, Inc. had no recorded revenue or expenses and as of September 30, 2019 held no assets and incurred no liabilities. Hydro Sub. Inc. was a subsidiary created solely to facilitate the merger with CTWS and was dissolved following the completion of merger in October 2019.

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

X
- 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration