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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Income Statement [Abstract]        
REVENUE $ 152,241 $ 147,209 $ 267,026 $ 262,963
Production Expenses:        
Purchased water 27,668 25,889 43,313 41,823
Power 3,391 3,426 6,394 6,151
Groundwater extraction charges 20,138 18,583 35,683 33,611
Other production expenses 9,831 10,280 19,233 20,373
Total production expenses 61,028 58,178 104,623 101,958
Administrative and general 21,326 17,772 42,219 39,388
Maintenance 6,587 5,334 12,852 11,420
Property taxes and other non-income taxes 7,149 7,102 14,664 14,565
Depreciation and amortization 23,512 22,753 46,950 44,135
Total operating expense 119,602 111,139 221,308 211,466
OPERATING INCOME 32,639 36,070 45,718 51,497
OTHER (EXPENSE) INCOME:        
Interest on long-term debt and other interest expense (13,681) (13,180) (27,120) (26,464)
Pension non-service cost 339 (7) 665 (52)
Gain on sale of Texas Water Alliance 3,000 0 3,000 0
Other, net 1,784 1,048 3,538 1,805
Income before income taxes 24,081 23,931 25,801 26,786
Provision for income taxes 3,306 4,210 2,410 4,648
NET INCOME 20,775 19,721 23,391 22,138
Other comprehensive income (loss), net 107 10 145 (125)
COMPREHENSIVE INCOME $ 20,882 $ 19,731 $ 23,536 $ 22,013
EARNINGS PER SHARE        
Basic (usd per share) $ 0.70 $ 0.69 $ 0.80 $ 0.78
Diluted (usd per share) 0.69 0.69 0.79 0.77
DIVIDENDS PER SHARE (usd per share) $ 0.34 $ 0.32 $ 0.68 $ 0.64
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (shares) 29,799,499 28,507,940 29,333,776 28,498,649
Diluted (shares) 29,924,191 28,683,208 29,459,782 28,678,715