Business Segment Data

6 Months Ended

Jun. 30, 2015

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						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2015			2014			2015			2014
Revenues:
Regulated	$	27,972		$	25,720		$	52,878		$	49,373
Non – Regulated		3,804			3,624			7,795			7,261
Inter-segment Elimination		(110	)		(154	)		(227	)		(271	)
Consolidated Revenues	$	31,666		$	29,190		$	60,446		$	56,363
Operating Income:
Regulated	$	8,672		$	8,144		$	14,835		$	13,547
Non – Regulated		563			603			1,084			1,167
Consolidated Operating Income		9,235			8,747		$	15,919		$	14,714
Net Income:
Regulated	$	4,809		$	4,416		$	8,185		$	7,297
Non – Regulated		280			312			539			600
Consolidated Net Income	$	5,089		$	4,728		$	8,724		$	7,897
Capital Expenditures:
Regulated	$	7,734		$	4,339		$	12,619		$	8,474
Non – Regulated		27			—			27			31
Total Capital Expenditures	$	7,761		$	4,339		$	12,646		$	8,505

	As of			As of
	June 30,			December 31,
	2015			2014
Assets:
Regulated	$	582,618		$	574,854
Non – Regulated		8,150			7,252
Inter-segment Elimination		(4,361	)		(6,334	)
Consolidated Assets	$	586,407		$	575,772