Business Segment Data

9 Months Ended

Sep. 30, 2014

Business Segment Data [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:	2014			2013			2014			2013
Revenues:
Regulated	$	29,346		$	27,981		$	78,719		$	77,042
Non – Regulated		3,492			3,470			10,752			10,787
Inter-segment Elimination		(169	)		(166	)		(439	)		(405	)
Consolidated Revenues	$	32,669		$	31,285		$	89,032		$	87,424
Operating Income:
Regulated	$	11,039		$	9,685		$	24,585		$	22,699
Non – Regulated		581			585			1,748			1,607
Consolidated Operating Income	$	11,620		$	10,270		$	26,333		$	24,306
Net Income:
Regulated	$	6,458		$	5,505		$	13,753		$	12,648
Non – Regulated		300			302			901			817
Consolidated Net Income	$	6,758		$	5,807		$	14,654		$	13,465
Capital Expenditures:
Regulated	$	7,211		$	4,313		$	15,685		$	14,417
Non – Regulated		67			50			98			168
Total Capital Expenditures	$	7,278		$	4,363		$	15,783		$	14,585

	As of			As of
	September 30,			December 31,
	2014			2013
Assets:
Regulated	$	540,970		$	529,381
Non – Regulated		8,262			8,887
Inter-segment Elimination		(6,734	)		(7,927	)
Consolidated Assets	$	542,498		$	530,341