XML 27 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Per Share data, unless otherwise specified
 3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Operating revenues        
Water sales $ 16,201 $ 14,683 $ 31,244 $ 27,598
Other utility operating revenue 711 711 1,447 1,458
Non-utility revenue 1,000 1,116 1,919 2,211
Total Operating Revenues 17,912 16,510 34,610 31,267
Operating expenses        
Utility operating expenses 8,308 8,136 16,237 16,214
Non-utility operating expenses 550 775 1,048 1,715
Depreciation and amortization 1,964 1,823 3,924 3,633
State and federal income taxes 1,839 1,260 3,530 1,954
Property and other taxes 957 928 1,990 1,944
Total Operating Expenses 13,618 12,922 26,729 25,460
Operating income 4,294 3,588 7,881 5,807
Other income (expense), net        
Allowance for funds used during construction (AFUDC) 85 38 119 73
Miscellaneous 131 (25) 784 572
Income before interest charges 4,510 3,601 8,784 6,452
Interest charges 1,762 1,848 3,534 3,690
Net income $ 2,748 $ 1,753 $ 5,250 $ 2,762
Income per common share:        
Basic (in dollars per share) $ 0.32 $ 0.23 $ 0.61 $ 0.36
Diluted (in dollars per share) $ 0.32 $ 0.23 $ 0.61 $ 0.36
Weighted average common shares outstanding        
Basic (in shares) 8,651 7,672 8,638 7,662
Diluted (in shares) 8,686 7,714 8,674 7,706
Cash dividend per common share $ 0.1978 $ 0.1902 $ 0.3908 $ 0.3794