XML 28 R12.htm IDEA: XBRL DOCUMENT v3.10.0.1

Business Segment Data

9 Months Ended

Sep. 30, 2018

Segment Reporting [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								Nine Months Ended
		September 30,								September 30,
Operations by Segments:		2018				2017				2018				2017
Revenues:
Regulated		$	34,628			$	32,252			$	93,002			$	88,023
Non – Regulated			4,304				4,142				12,286				11,755
Inter-segment Elimination			(219	)			(220	)			(479	)			(459	)
Consolidated Revenues		$	38,713			$	36,174			$	104,809			$	99,319
Operating Income:
Regulated		$	12,214			$	11,894			$	27,827			$	27,580
Non – Regulated			704				707				2,162				1,954
Consolidated Operating Income		$	12,918			$	12,601			$	29,989			$	29,534
Net Income:
Regulated		$	11,770			$	7,232			$	23,904			$	16,341
Non – Regulated			520				410				1,555				1,122
Consolidated Net Income		$	12,290			$	7,642			$	25,459			$	17,463
Capital Expenditures:
Regulated		$	21,141			$	13,998			$	49,469			$	35,157
Non – Regulated			—				7				49				13
Total Capital Expenditures		$	21,141			$	14,005			$	49,518			$	35,170
		As of				As of
		September 30,				December 31,
		2018				2017
Assets:
Regulated		$	754,309			$	661,816
Non – Regulated			6,950				7,093
Inter-segment Elimination			(8,461	)			(7,769	)
Consolidated Assets		$	752,798			$	661,140

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration