XML 55 R17.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Business Segment Data | 12 Months Ended
--- | ---
Dec. 31, 2013
Business Segment Data |
Business Segment Data | Note 8 – 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 the states of New Jersey, Delaware and Pennsylvania with respect to utility service 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.
|  | (Thousands of Dollars)
|  | Years Ended December 31,
Operations by Segments: |  | 2013 |  | 2012 |  | 2011
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 100,910 |  |  | $ | 98,021 |  |  | $ | 91,729 |
Non – Regulated |  |  | 14,463 |  |  |  | 12,851 |  |  |  | 10,805 |
Inter-segment Elimination |  |  | (527 | ) |  |  | (493 | ) |  |  | (465 | )
Consolidated Revenues |  | $ | 114,846 |  |  | $ | 110,379 |  |  | $ | 102,069 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 28,744 |  |  | $ | 25,944 |  |  | $ | 22,760 |
Non – Regulated |  |  | 2,226 |  |  |  | 1,703 |  |  |  | 1,441 |
Consolidated Operating Income |  | $ | 30,970 |  |  | $ | 27,647 |  |  | $ | 24,201 |
Depreciation: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 10,807 |  |  | $ | 10,241 |  |  | $ | 9,601 |
Non – Regulated |  |  | 181 |  |  |  | 168 |  |  |  | 145 |
Consolidated Depreciation |  | $ | 10,988 |  |  | $ | 10,409 |  |  | $ | 9,746 |
Other Income, Net: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 828 |  |  | $ | 1,489 |  |  | $ | 1,982 |
Non – Regulated |  |  | (14 | ) |  |  | 94 |  |  |  | 896 |
Inter-segment Elimination |  |  | (723 | ) |  |  | (726 | ) |  |  | (729 | )
Consolidated Other Income, Net |  | $ | 91 |  |  | $ | 857 |  |  | $ | 2,149 |
Interest Expense: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 5,807 |  |  | $ | 6,725 |  |  | $ | 6,376 |
Non – Regulated |  |  | 97 |  |  |  | 96 |  |  |  | 97 |
Inter-segment Elimination |  |  | (97 | ) |  |  | (96 | ) |  |  | (97 | )
Consolidated Interest Charges |  | $ | 5,807 |  |  | $ | 6,725 |  |  | $ | 6,376 |
Income Taxes: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 7,635 |  |  | $ | 6,579 |  |  | $ | 5,548 |
Non – Regulated |  |  | 986 |  |  |  | 804 |  |  |  | 979 |
Consolidated Income Taxes |  | $ | 8,621 |  |  | $ | 7,383 |  |  | $ | 6,527 |
Net Income: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 15,504 |  |  | $ | 13,500 |  |  | $ | 12,088 |
Non – Regulated |  |  | 1,129 |  |  |  | 896 |  |  |  | 1,359 |
Consolidated Net Income |  | $ | 16,633 |  |  | $ | 14,396 |  |  | $ | 13,477 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 19,894 |  |  | $ | 21,149 |  |  | $ | 23,125 |
Non – Regulated |  |  | 186 |  |  |  | 429 |  |  |  | 437 |
Total Capital Expenditures |  | $ | 20,080 |  |  | $ | 21,578 |  |  | $ | 23,562 |
|  | As of December 31, 2013 |  | As of December 31, 2012 |
Assets: |  |  |  |  |  |  |  |  |
Regulated |  | $ | 529,381 |  |  | $ | 560,165 |  |
Non – Regulated |  |  | 8,887 |  |  |  | 11,674 |  |
Inter-segment Elimination |  |  | (7,927 | ) |  |  | (10,113 | ) |
Consolidated Assets |  | $ | 530,341 |  |  | $ | 561,726 |  |

X
- Details
Name: | msex_BusinessSegmentDataAbstract
Namespace Prefix: | msex_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration