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Condensed Consolidated Statements of Comprehensive Income - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
REVENUE $ 175,981 $ 166,923 $ 449,324 $ 433,949
Production Expenses:        
Purchased water 38,744 33,121 84,313 76,434
Power 3,913 4,179 10,387 10,573
Groundwater extraction charges 19,059 23,736 51,347 59,419
Other production expenses 11,888 11,069 33,607 30,302
Total production expenses 73,604 72,105 179,654 176,728
Administrative and general 23,909 22,713 71,374 64,932
Maintenance 7,065 6,369 20,651 19,221
Property taxes and other non-income taxes 8,354 8,125 24,242 22,789
Depreciation and amortization 25,529 23,837 78,342 70,787
Gain on sale of nonutility properties (82) 0 (5,532) 0
Total operating expense 138,379 133,149 368,731 354,457
OPERATING INCOME 37,602 33,774 80,593 79,492
OTHER (EXPENSE) INCOME:        
Interest on long-term debt and other interest expense (14,190) (13,535) (42,160) (40,655)
Pension non-service cost 970 334 2,860 999
Gain on sale of Texas Water Alliance 0 0 0 3,000
Other, net 875 1,244 2,694 4,782
Income before income taxes 25,257 21,817 43,987 47,618
Provision for income taxes 223 2,749 3,658 5,159
NET INCOME 25,034 19,068 40,329 42,459
Other comprehensive (loss) income, net (173) (12) (602) 133
COMPREHENSIVE INCOME $ 24,861 $ 19,056 $ 39,727 $ 42,592
EARNINGS PER SHARE        
Basic (usd per share) $ 0.83 $ 0.64 $ 1.33 $ 1.44
Diluted (usd per share) 0.82 0.64 1.33 1.43
DIVIDENDS PER SHARE (usd per share) $ 0.36 $ 0.34 $ 1.08 $ 1.02
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (shares) 30,269,462 29,816,736 30,246,201 29,496,533
Diluted (shares) 30,392,295 29,952,477 30,358,268 29,625,784