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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Income Statement [Abstract]        
REVENUE $ 156,886 $ 149,041 $ 294,182 $ 273,343
Production Expenses:        
Purchased water 32,592 26,352 55,010 45,569
Power 2,379 3,394 4,578 6,474
Groundwater extraction charges 14,994 18,360 25,353 32,288
Other production expenses 11,921 11,596 23,964 21,719
Total production expenses 61,886 59,702 108,905 106,050
Administrative and general 23,527 23,260 47,871 47,465
Maintenance 6,298 6,891 12,356 13,586
Property taxes and other non-income taxes 7,896 7,579 16,297 15,888
Depreciation and amortization 26,121 25,207 52,417 52,813
Gain on sale of nonutility property 0 0 0 (5,450)
Total operating expense 125,728 122,639 237,846 230,352
OPERATING INCOME 31,158 26,402 56,336 42,991
OTHER (EXPENSE) INCOME:        
Interest on long-term debt and other interest expense (16,397) (14,241) (32,169) (27,970)
Pension non-service cost (102) 941 (166) 1,890
Other, net 2,115 824 5,381 1,819
Income before income taxes 16,774 13,926 29,382 18,730
Provision for income taxes (1,512) 2,368 (434) 3,435
NET INCOME 18,286 11,558 29,816 15,295
Other comprehensive income (loss), net 9 (248) 102 (429)
COMPREHENSIVE INCOME $ 18,295 $ 11,310 $ 29,918 $ 14,866
EARNINGS PER SHARE        
Basic (usd per share) $ 0.58 $ 0.38 $ 0.96 $ 0.51
Diluted (usd per share) 0.58 0.38 0.95 0.50
DIVIDENDS PER SHARE (usd per share) $ 0.38 $ 0.36 $ 0.76 $ 0.72
WEIGHTED AVERAGE SHARES OUTSTANDING        
Basic (shares) 31,499,068 30,244,511 31,219,324 30,234,381
Diluted (shares) 31,594,494 30,346,040 31,319,248 30,341,065