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Consolidated Statments of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Operating activities:      
Net income $ 67,181 $ 48,675 $ 45,017
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 78,592 65,203 63,182
Amortization of debt premium and expenses 920 871 825
Changes in normalized deferred income taxes 21,087 26,818 24,393
Change in value of life insurance contracts (3,058) (1,026) 218
Allowance for equity funds used during construction (3,750) 0 0
Stock-based compensation 3,118 2,849 2,578
(Gain) loss on sale of non-utility property (663) 146 (315)
Write-off of capital costs 1,293 3,221 0
Changes in operating assets and liabilities:      
Receivables (31,871) (343) 1,855
Unbilled revenue (4,528) (2,047) 559
Taxes, prepaid expenses, and other assets (3,718) 1,276 (2,366)
Accounts payable 1,564 3,839 (819)
Other current liabilities 2,164 4,056 (1,106)
Other changes in noncurrent assets and liabilities 19,511 6,906 10,948
Net cash provided by operating activities 147,842 160,444 144,969
Investing activities:      
Utility plant expenditures (259,194) (228,938) (176,833)
Proceeds from sale of non-utility assets 666 395 319
TCP settlement proceeds 56,004 0 0
Life insurance benefits 1,558 495 0
Purchase of life insurance (5,605) (2,857) (2,032)
Change in restricted cash (81) 66 288
Net cash used in investing activities (206,652) (230,839) (178,258)
Financing activities:      
Short-term borrowings, net of expenses of $0 for 2017 and 2016, and $1,197 for 2015 265,000 145,100 94,303
Repayment of short-term borrowings (87,000) (81,615) (141,000)
Issuance of long-term debt, net of expenses of $0 for 2017, $177 for 2016, and $707 for 2015 0 49,823 99,343
Advances and contributions in aid of construction 21,369 21,448 16,026
Refunds of advances for construction (8,378) (6,885) (6,726)
Retirement of long-term debt (26,829) (6,996) (7,003)
Repurchase of common stock (1,505) (744) (338)
Dividends paid (34,563) (33,081) (32,066)
Net cash provided by financing activities 128,094 87,050 22,539
Change in cash and cash equivalents 69,284 16,655 (10,750)
Cash and cash equivalents at beginning of year 25,492 8,837 19,587
Cash and cash equivalents at end of year 94,776 25,492 8,837
Cash paid (received) during the year for:      
Interest (net of amounts capitalized) 32,223 28,038 25,345
Income tax refunds (1,697) 0 0
Supplemental disclosure of investing and financing non-cash activities:      
Accrued payables for investments in utility plant 41,017 27,150 21,546
Utility plant contributed by developers 19,898 16,824 7,383
Litigation proceeds for MTBE contamination reclassified from other long-term liabilities to depreciable plant and equipment $ 2,420 $ 484 $ 332