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Business Segment Data (Tables) | 9 Months Ended
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Sep. 30, 2022
Segment Reporting [Abstract] |
Schedule of segment reporting information, by segment | 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 and Delaware. 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 and Delaware 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 9 Index 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: |  | 2022 |  | 2021 |  | 2022 |  | 2021
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 44,861 |  |  | $ | 37,396 |  |  | $ | 115,222 |  |  | $ | 100,426 |
Non – Regulated |  |  | 3,431 |  |  |  | 2,995 |  |  |  | 9,316 |  |  |  | 9,657 |
Inter-segment Elimination |  |  | (560 | ) |  |  | (517 | ) |  |  | (927 | ) |  |  | (966 | )
Consolidated Revenues |  | $ | 47,732 |  |  | $ | 39,874 |  |  | $ | 123,611 |  |  | $ | 109,117 |
Operating Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 15,750 |  |  | $ | 10,654 |  |  | $ | 36,793 |  |  | $ | 24,082 |
Non – Regulated |  |  | 825 |  |  |  | 770 |  |  |  | 2,393 |  |  |  | 2,791 |
Consolidated Operating Income |  | $ | 16,575 |  |  | $ | 11,424 |  |  | $ | 39,186 |  |  | $ | 26,873 |
Net Income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 13,683 |  |  | $ | 10,924 |  |  | $ | 33,496 |  |  | $ | 27,271 |
Non – Regulated |  |  | 608 |  |  |  | 552 |  |  |  | 1,762 |  |  |  | 2,034 |
Consolidated Net Income |  | $ | 14,291 |  |  | $ | 11,476 |  |  | $ | 35,258 |  |  | $ | 29,305 |
Capital Expenditures: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Regulated |  | $ | 26,588 |  |  | $ | 14,743 |  |  | $ | 65,722 |  |  | $ | 61,097 |
Non – Regulated |  |  | 8 |  |  |  | 2 |  |  |  | 217 |  |  |  | 148 |
Total Capital Expenditures |  | $ | 26,596 |  |  | $ | 14,745 |  |  | $ | 65,939 |  |  | $ | 61,245 |
|  | As of |  | As of
|  | September 30, 2022 |  | December 31, 2021
Assets: |  |  |  |  |  |  |  |
Regulated |  | $ | 1,066,755 |  |  | $ | 1,022,116 |
Non – Regulated |  |  | 6,963 |  |  |  | 7,811 |
Inter-segment Elimination |  |  | (9,049 | ) |  |  | (9,912 | )
Consolidated Assets |  | $ | 1,064,669 |  |  | $ | 1,020,015 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
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