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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2015
Dec. 31, 2014
ASSETS    
Utility plant, at original cost less accumulated depreciation $ 405,606 $ 393,793
Current assets    
Cash and cash equivalents 209 243
Accounts receivable (less allowance for doubtful accounts 2015 - $277; 2014-$250) 6,350 5,065
Income tax receivable 1,428 3,068
Unbilled operating revenues 1,535 3,314
Materials and supplies 1,713 1,890
Prepaid property taxes 1,591 1,401
Prepaid expenses and other 1,618 1,667
Total current assets 14,444 16,648
Other assets    
Non utility property (less accumulated depreciation 2015-$535; 2014-$468) 3,956 4,030
Other deferred assets 5,191 5,181
Total other assets 9,147 9,211
Regulatory assets, net 2,429 2,561
Total assets 431,626 422,213
Stockholders' equity    
Common stock 9,058 8,912
Preferred stock 0 0
Additional paid-in capital 95,631 92,545
Retained earnings 27,642 24,148
Total stockholders' equity 132,331 125,605
Long-term debt, net of current portion 103,647 104,954
Total stockholders' equity and long-term debt 235,978 230,559
Current liabilities    
Lines of credit 10,487 18,491
Current portion of long-term debt 1,289 1,245
Accounts payable 4,914 3,783
Accrued expenses 1,254 1,513
Overdraft payable 546 141
Deferred income taxes 815 812
Accrued interest 1,032 1,428
Customer deposits 704 713
Other 2,177 2,066
Total current liabilities $ 23,218 $ 30,192
Commitments and contingencies ( Note 10 )
Deferred credits and other liabilities    
Net advances for construction $ 8,752 $ 10,228
Postretirement benefit obligation 230 268
Deferred investment tax credits 562 581
Utility plant retirement cost obligation 883 913
Deferred income taxes 62,156 57,043
Total deferred credits and other liabilities 72,583 69,033
Net contributions in aid of construction 99,847 92,429
Liabilities and stockholders' equity $ 431,626 $ 422,213