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Business Segment Data
 12 Months Ended
Dec. 31, 2015
Business Segment Data [Abstract]  
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:   2015   2014   2013
Revenues:                        
   Regulated   $ 111,247     $ 103,556     $ 100,910  
   Non – Regulated     15,238       14,143       14,463  
Inter-segment Elimination     (460 )      (560 )     (527 )
Consolidated Revenues   $ 126,025     $ 117,139     $ 114,846  
                         
Operating Income:                        
   Regulated   $ 33,603     $ 32,000     $ 28,744  
   Non – Regulated     2,237       2,392       2,226  
Consolidated Operating Income   $ 35,840     $ 34,392     $ 30,970  
                         
Depreciation:                        
   Regulated   $ 11,874     $ 11,262     $ 10,807  
   Non – Regulated     177       182       181  
 Consolidated Depreciation   $ 12,051     $ 11,444     $ 10,988  
                         
Other Income (Expense), Net:                        
   Regulated   $ 619     $ 157     $ 828  
   Non – Regulated     20       (75 )     (14  
Inter-segment Elimination     (346 )      (485 )     (723 )
Consolidated Other Income (Expense), Net   $ 293
  $ (403 )   $ 91  
                         
Interest Expense:                        
   Regulated   $ 5,554     $ 5,607     $ 5,807  
   Non – Regulated     89       91       97  
Inter-segment Elimination      (89 )      (91 )     (97 )
Consolidated Interest Charges   $ 5,554     $ 5,607     $ 5,807  
                         
Income Taxes:                        
   Regulated   $ 9,522     $ 8,907     $ 7,635  
   Non – Regulated     1,029       1,030       986  
Consolidated Income Taxes   $ 10,551     $ 9,937     $ 8,621  
                         
Net Income:                        
   Regulated   $ 18,889     $ 17,249     $ 15,504  
   Non – Regulated     1,139       1,196       1,129  
Consolidated Net Income   $ 20,028     $ 18,445     $ 16,633  
                         
Capital Expenditures:                        
   Regulated   $ 25,706     $ 22,498     $ 19,894  
   Non – Regulated     67       98       186  
Total Capital Expenditures   $ 25,773     $ 22,596     $ 20,080  

 

(Thousands of Dollars)
    As of
December 31, 2015		   As of
December 31, 2014		  
Assets:                  
Regulated   $ 584,660     $ 574,854    
Non – Regulated     6,436       7,252    
   Inter-segment Elimination     (6,374 )      (6,334 )  
Consolidated Assets   $ 584,722     $ 575,772