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Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Data (Unaudited)
Quarterly Financial Data (Unaudited)
(Summarized quarterly results of SJI's operations, in thousands except for per share amounts)
 
 
2016 Quarter Ended
 
2015 Quarter Ended
 
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
 
March 31
 
June 30
 
Sept. 30
 
Dec. 31
Operating Revenues
 
$
333,035

 
$
154,402

 
$
219,082

 
$
329,981

 
$
382,952

 
$
177,710

 
$
141,062

 
$
257,844

Expenses:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Cost of Sales - (Excluding depreciation)
 
152,975

 
98,340

 
142,988

 
186,684

 
241,707

 
90,945

 
99,124

 
127,566

Operations and Maintenance Including Fixed Charges
 
73,042

 
71,034

 
69,410

 
77,858

 
71,279

 
62,634

 
63,867

 
71,148

Income Taxes
 
39,267

 
(7,189
)
 
2,807

 
19,266

 
16,613

 
(3,279
)
 
(10,968
)
 
(1,006
)
Energy and Other Taxes
 
1,925

 
1,243

 
1,449

 
1,725

 
2,196

 
1,265

 
1,231

 
1,334

Total Expenses
 
267,209

 
163,428

 
216,654

 
285,533

 
331,795

 
151,565

 
153,254

 
199,042

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Income and Expense
 
2,361

 
4,228

 
7,236

 
1,560

 
2,696

 
(12,804
)
 
(340
)
 
(7,854
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (Loss) from Continuing Operations
 
68,187

 
(4,798
)
 
9,664

 
46,008

 
53,853

 
13,341

 
(12,532
)
 
50,948

Loss from Discontinued Operations  -  (Net of tax benefit)
 
(118
)
 
(29
)
 
(29
)
 
(75
)
 
(276
)
 
(74
)
 
(91
)
 
(62
)
Net Income (Loss)
 
$
68,069

 
$
(4,827
)
 
$
9,635

 
$
45,933

 
$
53,577

 
$
13,267

 
$
(12,623
)
 
$
50,886

 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Basic Earnings Per Common Share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.96

 
$
(0.06
)
 
$
0.12

 
$
0.58

 
$
0.79

 
$
0.19

 
$
(0.18
)
 
$
0.73

Discontinued Operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Basic Earnings Per Common Share
 
$
0.96

 
$
(0.06
)
 
$
0.12

 
$
0.58

 
$
0.79

 
$
0.19

 
$
(0.18
)
 
$
0.73

Average Shares of Common Stock Outstanding - Basic
 
71,127

 
75,298

 
79,478

 
79,478

 
68,397

 
68,467

 
68,607

 
69,460

 
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Diluted Earnings Per Common Share:
 
 

 
 

 
 

 
 

 
 

 
 

 
 

 
 

Continuing Operations
 
$
0.95

 
$
(0.06
)
 
$
0.12

 
$
0.58

 
$
0.79

 
$
0.19

 
$
(0.18
)
 
$
0.73

Discontinued Operations
 
—

 
—

 
—

 
—

 
—

 
—

 
—

 
—

Diluted Earnings Per Common Share
 
$
0.95

 
$
(0.06
)
 
$
0.12

 
$
0.58

 
$
0.79

 
$
0.19

 
$
(0.18
)
 
$
0.73

Average Shares of Common Stock Outstanding - Diluted
 
71,416

 
75,298

 
79,635

 
79,643

 
68,618

 
68,653

 
68,607

 
69,646


 
The sum of the quarters for basic and diluted earnings per common share for 2016 does not equal the year's total due to the impact of the equity offering on the average shares of common stock outstanding (see Note 6 to the consolidated financial statements). The sum of the quarters for basic and diluted earnings per common share for 2015 does not equal the year's total due to rounding.

All share and per share amounts were adjusted for all periods presented for the 2-for-1 stock split, effected in the form of a stock dividend, effective on May 8, 2015. See Note 1 to the consolidated financial statements.
NOTE:
Because of the seasonal nature of the business and the volatility from energy-related derivatives, statements for the 3-month periods are not indicative of the results for a full year.