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Business Segment Data
 3 Months Ended
Mar. 31, 2016
Business Segment Data [Abstract]  
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
March 31,
Operations by Segments: 2016 2015
Revenues:                
   Regulated   $ 26,949     $ 24,905  
   Non – Regulated     3,734       3,992  
Inter-segment Elimination     (104 )     (117 )
Consolidated Revenues   $ 30,579     $ 28,780  
                 
Operating Income:                
   Regulated   $ 7,733     $ 6,165  
   Non – Regulated     569       520  
Consolidated Operating Income   $ 8,302     $ 6,685  
                 
Net Income:                
   Regulated   $ 4,492     $ 3,377  
   Non – Regulated     298       259  
Consolidated Net Income   $ 4,790     $ 3,636  
                 
Capital Expenditures:                
  Regulated   $ 6,660     $ 4,885  
   Non – Regulated     12       —  
Total Capital Expenditures   $ 6,672     $ 4,885  


 

As of As of
March 31, December 31,
2016 2015
Assets:        
   Regulated   $ 582,408     $ 581,321  
   Non – Regulated     7,754       6,436  
Inter-segment Elimination     (4,199 )     (6,374 )
Consolidated Assets   $ 585,963     $ 581,383