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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
REVENUE $ 166,923 $ 165,863 $ 433,949 $ 428,826
Production Expenses:        
Purchased water 33,121 35,130 76,434 76,953
Power 4,179 3,994 10,573 10,145
Groundwater extraction charges 23,736 20,471 59,419 54,082
Other production expenses 11,069 10,092 30,302 30,465
Total production expenses 72,105 69,687 176,728 171,645
Administrative and general 22,713 19,529 64,932 58,917
Maintenance 6,369 4,550 19,221 15,970
Property taxes and other non-income taxes 8,125 7,797 22,789 22,362
Depreciation and amortization 23,837 22,417 70,787 66,552
Total operating expense 133,149 123,980 354,457 335,446
OPERATING INCOME 33,774 41,883 79,492 93,380
OTHER (EXPENSE) INCOME:        
Interest on long-term debt and other interest expense (13,535) (13,174) (40,655) (39,638)
Pension non-service cost 334 (218) 999 (270)
Gain on sale of Texas Water Alliance 0 0 3,000 0
Gain on sale of real estate investments 0 1,050 0 1,050
Other, net 1,244 1,130 4,782 2,935
Income before income taxes 21,817 30,671 47,618 57,457
Provision for income taxes 2,749 4,578 5,159 9,226
NET INCOME 19,068 26,093 42,459 48,231
Other comprehensive (loss) income, net (12) 76 133 (49)
COMPREHENSIVE INCOME $ 19,056 $ 26,169 $ 42,592 $ 48,182
EARNINGS PER SHARE        
Basic (usd per share) $ 0.64 $ 0.91 $ 1.44 $ 1.69
Diluted (usd per share) 0.64 0.91 1.43 1.68
DIVIDENDS PER SHARE (usd per share) $ 0.34 $ 0.32 $ 1.02 $ 0.96
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (shares) 29,816,736 28,533,907 29,496,533 28,510,489
Diluted (shares) 29,952,477 28,703,343 29,625,784 28,687,012