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Business Segment Data | 9 Months Ended
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Sep. 30, 2022
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 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 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/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -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 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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