XML 37 R12.htm IDEA: XBRL DOCUMENT v2.4.0.6
Business Segment Data
 6 Months Ended
Jun. 30, 2012
Business Segment Data  
Business Segment Data

Note 5 – Business Segment Data

 

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

 

   (In Thousands) 
   Three Months Ended
June 30,		   Six Months Ended
June 30,		 
Operations by Segments:  2012   2011   2012   2011 
Revenues:                    
  Regulated  $24,442   $23,437   $45,300   $44,673 
  Non – Regulated   3,089    2,774    5,847    5,615 
Inter-segment Elimination   (130)   (109)   (200)   (190)
Consolidated Revenues  $27,401   $26,102   $50,947   $50,098 
 
Operating Income:		                    
  Regulated  $6,878   $6,317   $10,381   $10,652 
  Non – Regulated   332    421    706    854 
Consolidated Operating Income  $7,210   $6,738   $11,087   $11,506 
                     
Net Income:                    
  Regulated  $3,557   $3,372   $5,144   $5,745 
  Non – Regulated   168    253    388    510 
Consolidated Net Income  $3,725   $3,625   $5,532   $6,255 
 
Capital Expenditures:		                    
 Regulated  $6,296   $6,024   $12,335   $10,856 
  Non – Regulated   140    127    239    183 
Total Capital Expenditures  $6,436   $6,151   $12,574   $11,039 

 

  

 

As of

June 30,

2012

  

 

As of

December 31,

2011

 
Assets:          
  Regulated  $544,458   $539,947 
  Non – Regulated   10,862    10,325 
Inter-segment Elimination   (10,179)   (12,736)
Consolidated Assets  $545,141   $537,536