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Business Segment Data

12 Months Ended

Dec. 31, 2017

Segment Reporting [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:		2017				2016				2015
Revenues:
Regulated		$	115,454			$	118,017			$	111,247
Non – Regulated			15,912				15,388				15,238
Inter-segment Elimination			(591	)			(499	)			(460	)
Consolidated Revenues		$	130,775			$	132,906			$	126,025
Operating Income:
Regulated		$	35,952			$	38,201			$	33,603
Non – Regulated			2,668				2,431				2,237
Consolidated Operating Income		$	38,620			$	40,632			$	35,840
Depreciation:
Regulated		$	13,732			$	12,606			$	11,874
Non – Regulated			190				190				177
Consolidated Depreciation		$	13,922			$	12,796			$	12,051
Other Income (Expense), Net:
Regulated		$	1,198			$	779			$	619
Non – Regulated			64				(1,308	)			20
Inter-segment Elimination			(467	)			(333	)			(346	)
Consolidated Other Income (Expense), Net		$	795			$	(862	)		$	293
Interest Expense:
Regulated		$	5,855			$	5,293			$	5,554
Non – Regulated			118				89				89
Inter-segment Elimination			(467	)			(89	)			(89	)
Consolidated Interest Charges		$	5,506			$	5,293			$	5,554
Income Taxes:
Regulated		$	9,848			$	11,091			$	9,522
Non – Regulated			1,252				644				1,029
Consolidated Income Taxes		$	11,100			$	11,735			$	10,551
Net Income:
Regulated		$	21,447			$	22,353			$	18,889
Non – Regulated			1,362				389				1,139
Consolidated Net Income		$	22,809			$	22,742			$	20,028
Capital Expenditures:
Regulated		$	50,078			$	47,189			$	25,706
Non – Regulated			223				186				67
Total Capital Expenditures		$	50,301			$	47,375				$ 25, 773

		(Thousands of Dollars)
		As of December 31, 2017				As of December 31, 2016
Assets:
Regulated		$	661,816			$	619,915
Non – Regulated			7,093				6,245
Inter-segment Elimination			(7,769	)			(5,999	)
Consolidated Assets		$	661,140			$	620,161

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- References

No definition available.

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- 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
-URI http://asc.fasb.org/topic&trid=2134510

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