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Consolidated Statements of Income (USD $)
In Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Operating revenues:        
Gross operating revenues $ 161,197 $ 162,365 $ 484,285 $ 448,894
Less: Cost of sales 90,122 86,301 270,747 234,862
Revenue taxes 3,843 3,871 11,798 10,913
Net operating revenues 67,232 72,193 201,740 203,119
Operating expenses:        
Operations and maintenance 30,374 28,406 61,546 59,072
General taxes 6,659 7,543 14,824 10,792
Depreciation and amortization 17,546 16,026 34,855 31,927
Total operating expenses 54,579 51,975 111,225 101,791
Income from operations 12,653 20,218 90,515 101,328
Other income and expense - net 1,122 1,613 2,336 4,636
Interest expense - net 10,266 10,617 20,715 21,106
Income before income taxes 3,509 11,214 72,136 84,858
Income tax expense 1,316 4,326 29,170 34,362
Net income $ 2,193 $ 6,888 $ 42,966 $ 50,496
Average common shares outstanding:        
Basic 26,673 26,569 26,671 26,553
Diluted 26,727 26,641 26,725 26,621
Earnings per share of common stock:        
Earnings per share of common stock - basic $ 0.08 $ 0.26 $ 1.61 $ 1.90
Earnings per share of common stock - diluted $ 0.08 $ 0.26 $ 1.61 $ 1.90
Dividends declared per share of common stock $ 0.435 $ 0.415 $ 0.870 $ 0.830