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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities:    
Net income $ 11,699 $ 11,530
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,924 26,842
Deferred income taxes 649 1,052
Stock-based compensation 1,538 1,199
Allowance for equity funds used during construction (528) (180)
Changes in operating assets and liabilities:    
Accounts receivable and accrued unbilled utility revenue 11,910 8,177
Accounts payable and other current liabilities (4,111) (650)
Accrued groundwater extraction charges, purchased water and power (7,274) (7,968)
Tax receivable and payable, and other accrued taxes 4,098 1,727
Postretirement benefits 260 1,667
Regulatory assets and liabilities excluding cost of removal, income tax temporary differences, and postretirement benefits 5,753 8,367
Other changes, net (1,702) (1,156)
Net cash provided by operating activities 51,216 50,607
Investing activities:    
Company-funded (68,879) (52,384)
Contributions in aid of construction (4,632) (2,703)
Cost to retire utility plant, net of salvage (744) (167)
Other changes, net (18) 225
Net cash used in investing activities (74,273) (55,029)
Financing activities:    
Borrowings on line of credit 87,645 12,238
Repayments on line of credit (49,281) (99,383)
Long-term borrowings 25,000 70,000
Repayments of long-term borrowings (40,971) (956)
Issuance of common stock, net of issuance costs 7,006 40,997
Dividends paid (12,824) (11,722)
Receipts of advances and contributions in aid of construction 2,285 5,597
Refunds of advances for construction (616) (589)
Other changes, net (368) (771)
Net cash provided by financing activities 17,876 15,411
Net change in cash and cash equivalents (5,181) 10,989
Cash and cash equivalents, beginning of period 9,723 12,344
Cash and cash equivalents, end of period 4,542 23,333
Cash paid during the period for:    
Interest 16,011 12,062
Income taxes 177 198
Supplemental disclosure of non-cash activities:    
Accrued payables for additions to utility plant 26,063 19,906
Utility property installed by developers $ 107 $ 656