Business Segment Data

9 Months Ended

Sep. 30, 2013

Segment Reporting [Abstract]

Business Segment Data

Note 5 – Business Segment Data

The Company has identified two reportable segments. One is the regulated business of collecting, treating and distributing water on a retail and wholesale basis to residential, commercial, industrial and fire protection customers in parts of New Jersey, Delaware and Pennsylvania. This segment also includes regulated wastewater systems in New Jersey and Delaware. The Company is subject to regulations as to its rates, services and other matters by New Jersey, Delaware and Pennsylvania with respect to utility services within these states. The other segment is primarily comprised of non-regulated contract services for the operation and maintenance of municipal and private water and wastewater systems in New Jersey and Delaware. Inter-segment transactions relating to operational costs are treated as pass-through expenses. Finance charges on inter-segment loan activities are based on interest rates that are below what would normally be charged by a third party lender.

				(In Thousands)
	Three Months Ended						Nine Months Ended
	September 30,						September 30,
Operations by Segments:	2013			2012			2013			2012
Revenues:
Regulated	$	27,981		$	29,085		$	77,042		$	74,385
Non – Regulated		3,470			3,441			10,787			9,288
Inter-segment Elimination		(166	)		(173	)		(405	)		(373	)
Consolidated Revenues	$	31,285		$	32,353		$	87,424		$	83,300
Operating Income:
Regulated	$	9,685		$	10,417		$	22,699		$	20,798
Non – Regulated		585			426			1,607			1,132
Consolidated Operating Income	$	10,270		$	10,843		$	24,306		$	21,930
Net Income:
Regulated	$	5,505		$	5,926		$	12,648		$	11,070
Non – Regulated		302			212			817			600
Consolidated Net Income	$	5,807		$	6,138		$	13,465		$	11,670
Capital Expenditures:
Regulated	$	4,313		$	5,229		$	14,417		$	17,564
Non – Regulated		50			83			168			322
Total Capital Expenditures	$	4,363		$	5,312		$	14,585		$	17,886

	As of			As of
	September 30,			December 31,
	2013			2012
Assets:
Regulated	$	555,470		$	560,165
Non – Regulated		8,106			11,674
Inter-segment Elimination		(10,430	)		(10,113	)
Consolidated Assets	$	553,146		$	561,726