XML 18 R6.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
shares in Thousands, $ in Thousands
Common Stock [Member]
Common Shares Class A Non-Voting [Member]
Common Stock [Member]
Common Shares Class B Voting [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Dec. 31, 2020 $ 8,475 $ 882 $ 103,463 $ 56,606 $ 169,426
Balance (in shares) at Dec. 31, 2020 8,475 [1],[2],[3] 882 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income $ 0 $ 0 0 4,206 4,206
Cash dividends declared          
Common stock 0 0 0 (2,406) (2,406)
Issuance of common stock          
Dividend reinvestment plan $ 3 $ 0 95 0 98
Dividend reinvestment plan (in shares) 3 [1],[2],[3] 0 [4]      
Employee stock options and awards [3] $ 22 $ 0 438 0 460
Employee stock options and awards (in shares) [3] 22 [1],[2] 0 [4]      
Employee Retirement Plan [1] $ 2 $ 0 84 0 86
Employee Retirement Plan (in shares) [1] 2 [2],[3] 0 [4]      
Balance at Mar. 31, 2021 $ 8,502 $ 882 104,080 58,406 171,870
Balance (in shares) at Mar. 31, 2021 8,502 [1],[2],[3] 882 [4]      
Balance at Dec. 31, 2021 $ 8,532 $ 882 104,989 63,607 178,010
Balance (in shares) at Dec. 31, 2021 8,532 [1],[2],[3] 882 [4]      
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income $ 0 $ 0 0 4,483 4,483
Cash dividends declared          
Common stock 0 0 0 0 0
Issuance of common stock          
Dividend reinvestment plan $ 2 $ 0 87 0 89
Dividend reinvestment plan (in shares) 2 [1],[2],[3] 0 [4]      
Employee stock options and awards [3] $ 22 $ 0 475 0 497
Employee stock options and awards (in shares) [3] 22 [1],[2] 0 [4]      
Employee Retirement Plan [1] $ 0 $ 0 0 0 0
Employee Retirement Plan (in shares) [1] 0 [2],[3] 0 [4]      
Balance at Mar. 31, 2022 $ 8,556 $ 882 $ 105,551 $ 65,572 $ 180,561
Balance (in shares) at Mar. 31, 2022 8,556 [1],[2],[3] 882 [4]      
[1] Artesian Resources Corporation registered 200,000 shares of Class A Common Stock, subsequently adjusted for stock splits, available for purchase through the Artesian Retirement Plan and the Artesian Supplemental Retirement Plan.
[2] At March 31, 2022, and March 31, 2021, Class A Common Stock had 15,000,000 shares authorized.  For the same periods, shares issued, inclusive of treasury shares, were 8,585,947 and 8,531,099, respectively.
[3] Under the Equity Compensation Plan, effective December 9, 2015, or the 2015 Plan, Artesian Resources Corporation authorized up to 331,500 shares of Class A Common Stock for issuance of grants in the form of stock options, stock units, dividend equivalents and other stock-based awards, subject to adjustment in certain circumstances as discussed in the 2015 Plan. Includes stock compensation expense for March 31, 2022 and March 31, 2021, see Note 5-Stock Compensation Plans.
[4] At March 31, 2022, and March 31, 2021, Class B Common Stock had 1,040,000 shares authorized and 881,452 shares issued.