Business Segment Data

6 Months Ended

Jun. 30, 2014

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						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2014			2013			2014			2013
Revenues:
Regulated	$	25,720		$	25,637		$	49,373		$	49,061
Non – Regulated		3,624			3,580			7,261			7,316
Inter-segment Elimination		(154	)		(115	)		(271	)		(237	)
Consolidated Revenues	$	29,190		$	29,102		$	56,363		$	56,140
Operating Income:
Regulated	$	8,143		$	7,678		$	13,547		$	13,016
Non – Regulated		604			493			1,167			1,020
Consolidated Operating Income	$	8,747		$	8,171		$	14,714		$	14,036
Net Income:
Regulated	$	4,416		$	4,235		$	7,297		$	7,145
Non – Regulated		312			246			600			513
Consolidated Net Income	$	4,728		$	4,481		$	7,897		$	7,658
Capital Expenditures:
Regulated	$	4,339		$	5,703		$	8,474		$	10,104
Non – Regulated		—			13			31			118
Total Capital Expenditures	$	4,339		$	5,716		$	8,505		$	10,222

	As of			As of
	June 30,			December 31,
	2014			2013
Assets:
Regulated	$	537,465		$	529,381
Non – Regulated		7,831			8,887
Inter-segment Elimination		(6,682	)		(7,927	)
Consolidated Assets	$	538,614		$	530,341