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Business Segment Data

3 Months Ended

Mar. 31, 2019

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
		March 31,
Operations by Segments:		2019				2018
Revenues:
Regulated		$	27,898			$	27,206
Non – Regulated			2,925				4,100
Inter-segment Elimination			(125	)			(129	)
Consolidated Revenues		$	30,698			$	31,177
Operating Income:
Regulated		$	6,034			$	5,625
Non – Regulated			994				725
Consolidated Operating Income		$	7,028			$	6,350
Net Income:
Regulated		$	5,868			$	3,983
Non – Regulated			684				511
Consolidated Net Income		$	6,552			$	4,494
Capital Expenditures:
Regulated		$	12,293			$	9,978
Non – Regulated			31				33
Total Capital Expenditures		$	12,324			$	10,011

		As of				As of
		March 31,				December 31,
		2019				2018
Assets:
Regulated		$	780,317			$	764,749
Non – Regulated			9,087				8,994
Inter-segment Elimination			(6,431	)			(5,913	)
Consolidated Assets		$	782,973			$	767,830

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- References

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

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