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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Operating revenues        
Non-Tariff Revenue $ 22,549 $ 21,924 $ 62,586 $ 61,068
Operating expenses        
Utility operating expenses 10,495 10,333 28,865 28,454
Non-utility operating expenses 838 735 2,385 2,069
Depreciation and amortization 2,679 2,513 8,117 7,623
State and federal income taxes 1,498 1,834 4,002 4,737
Property and other taxes 1,309 1,265 3,884 3,731
Total Operating Expenses 16,819 16,680 47,253 46,614
Operating income 5,730 5,244 15,333 14,454
Other income, net        
Allowance for funds used during construction (AFUDC) 566 146 1,058 413
Miscellaneous (expense) income (73) 87 670 1,014
Income before interest charges 6,223 5,477 17,061 15,881
Interest charges 1,765 1,548 5,235 4,548
Net income applicable to common stock $ 4,458 $ 3,929 $ 11,826 $ 11,333
Income per common share:        
Basic (in dollars per share) $ 0.48 $ 0.43 $ 1.28 $ 1.23
Diluted (in dollars per share) $ 0.48 $ 0.42 $ 1.27 $ 1.22
Weighted average common shares outstanding:        
Basic (in shares) 9,283 9,244 9,272 9,235
Diluted (in shares) 9,329 9,299 9,322 9,290
Cash dividends per share of common stock (in dollars per share) $ 0.2459 $ 0.2387 $ 0.7341 $ 0.7126
Water Sales [Member]        
Operating revenues        
Non-Tariff Revenue $ 20,102 $ 19,469 $ 55,227 $ 53,983
Other Utility Operating Revenue [Member]        
Operating revenues        
Non-Tariff Revenue 1,245 1,189 3,515 3,273
Non-Utility Operating Revenue [Member]        
Operating revenues        
Non-Tariff Revenue $ 1,202 $ 1,266 $ 3,844 $ 3,812