Segment Information

3 Months Ended

Mar. 31, 2015

Segment Information [Abstract]

Segment Information

Note 12 – Segment Information

The Company has identified ten operating segments and has one reportable segment named the “Regulated” segment.  The reportable segment is comprised of eight operating segments for the Company’s water and wastewater regulated utility companies which are organized by the states where we provide these services.  In addition, two segments are not quantitatively significant to be reportable and are comprised of the Company’s non-regulated subsidiaries:  Aqua Resources, Inc.and Aqua Infrastructure, LLC.  Aqua Resources, Inc. providesliquid waste hauling and disposal; water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to our utility companies’ service territories; offers, through a third party, water and wastewater line repair service and protection solutions to households;inspects, cleans and repairs storm and sanitary wastewater lines; installs and tests devices that prevent the contamination of potable water; designs and builds water and wastewater systems; and provides other non-regulated water and wastewater services.  Aqua Infrastructure, LLC provides non-utility raw water supply services for firms in the natural gas drilling industry.  These two segments are included as a component of “Other” in the tables below.  Also included in “Other” are corporate costs that have not been allocated to the Regulated segment and intersegment eliminations.  Corporate costs include general and administrative expense, and interest expense. 

The following table presents information about the Company’s reportable segment:

	Three Months Ended						Three Months Ended
	March 31, 2015						March 31, 2014
	Regulated		Other		Consolidated		Regulated		Other		Consolidated
Operating revenues	$	180,564	$	9,762	$	190,326	$	178,199	$	4,473	$	182,672
Operations and maintenance expense		67,018		6,171		73,189		68,456		3,230		71,686
Depreciation		30,438		62		30,500		30,881		100		30,981
Operating income		68,624		2,543		71,167		66,419		351		66,770
Interest expense, net of allowance for funds used during construction		16,720		763		17,483		16,804		1,339		18,143
Income tax expense (benefit)		4,367		227		4,594		6,087		(895)		5,192
Income (loss) from continuing operations		47,705		840		48,545		43,620		(1,219)		42,401
Capital expenditures		70,111		173		70,284		59,154		665		59,819

	March 31,		December 31,
	2015		2014
Total assets:
Regulated	$	5,257,843	$	5,195,191
Other		219,889		211,561
Consolidated	$	5,477,732	$	5,406,752