Business Segment Data

6 Months Ended

Jun. 30, 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						Six Months Ended
	June 30,						June 30,
Operations by Segments:	2017			2016			2017			2016
Revenues:
Regulated	$	29,278		$	28,859		$	55,771		$	55,808
Non – Regulated		3,863			4,002			7,613			7,736
Inter-segment Elimination		(127	)		(136	)		(239	)		(240	)
Consolidated Revenues	$	33,014		$	32,725		$	63,145		$	63,304
Operating Income:
Regulated	$	8,877		$	9,694		$	16,097		$	17,426
Non – Regulated		686			634			1,246			1,204
Consolidated Operating Income	$	9,563		$	10,328		$	17,343		$	18,630
Net Income:
Regulated	$	4,972		$	5,583		$	9,111		$	10,073
Non – Regulated		409			336			711			636
Consolidated Net Income	$	5,381		$	5,919		$	9,822		$	10,709
Capital Expenditures:
Regulated	$	11,588		$	13,290		$	21,160		$	19,950
Non – Regulated		—			149			5			161
Total Capital Expenditures	$	11,588		$	13,439		$	21,165		$	20,111

	As of			As of
	June 30,			December 31,
	2017			2016
Assets:
Regulated	$	642,726		$	619,915
Non – Regulated		6,681			6,245
Inter-segment Elimination		(10,677	)		(5,999	)
Consolidated Assets	$	638,730		$	620,161