Business Segment Data

3 Months Ended

Mar. 31, 2017

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
	March 31,
Operations by Segments:	2017			2016
Revenues:
Regulated	$	26,493		$	26,949
Non – Regulated		3,750			3,734
Inter-segment Elimination		(112	)		(104	)
Consolidated Revenues	$	30,131		$	30,579
Operating Income:
Regulated	$	7,220		$	7,733
Non – Regulated		560			569
Consolidated Operating Income	$	7,780		$	8,302
Net Income:
Regulated	$	4,139		$	4,492
Non – Regulated		302			298
Consolidated Net Income	$	4,441		$	4,790
Capital Expenditures:
Regulated	$	9,572		$	6,660
Non – Regulated		5			12
Total Capital Expenditures	$	9,577		$	6,672

	As of			As of
	March 31,			December 31,
	2017			2016
Assets:
Regulated	$	629,668		$	619,915
Non – Regulated		6,850			6,245
Inter-segment Elimination		(9,257	)		(5,999	)
Consolidated Assets	$	627,261		$	620,161