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REVENUE RECOGNITION (Tables)

6 Months Ended

Jun. 30, 2018

REVENUE RECOGNITION [Abstract]

Disaggregation Revenues

The following table shows the Company's revenues disaggregated by service type; all revenues are generated within a similar geographical location:

(in thousands)		Three months ended June 30, 2018				Three months ended June 30, 2017				Six months ended June 30, 2018				Six months ended June 30, 2017
Regulated Revenue
Consumption charges		$	11,919			$	11,790			$	22,638			$	22,195
Fixed fees			6,447				6,102				12,853				12,302
Service charges			167				242				324				514
DSIC			800				787				1,548				1,543
Revenue reserved for refund –           TCJA impact			(800	)			0				(1,548	)			0
Total Regulated Revenue		$	18,533			$	18,921			$	35,815			$	36,554
Non-Regulated Revenue
Service line protection plans		$	996			$	950			$	1,978			$	1,904
Contract operations			337				327				696				655
Inspection fees			47				45				56				95
Total Non-Regulated Revenue		$	1,380			$	1,322			$	2,730			$	2,654
Other Operating Revenue      not in scope of ASC 606		$	325			$	259			$	599			$	483
Total Operating Revenue		$	20,238			$	20,502			$	39,144			$	39,691

Contract Assets and Contract Liabilities

Our contract assets and liabilities consist of the following:

(in thousands)		June 30, 2018				December 31, 2017
Accounts Receivable
Accounts Receivable-Regulated		$	5,756			$	5,631
Accounts Receivable-Non-Regulated			304				403
Total Accounts Receivable		$	6,060			$	6,034
Contract Assets – Regulated		$	2,771			$	2,397
Deferred Revenue
Deferred Revenue – Regulated		$	1,003			$	1,053
Deferred Revenue – Non-Regulated			221				203
Total Deferred Revenue		$	1,224			$	1,256
Refund Liability - Regulated		$	1,548			$	--

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- Definition

Tabular disclosure of contract balances and changes in contract balances.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130551-203045

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- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 5
-URI http://asc.fasb.org/extlink&oid=109196051&loc=SL49130545-203045

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