Taxes on Income (Tables)

12 Months Ended

Dec. 31, 2013

Income Tax Disclosure [Abstract]

Schedule of significant components of the deferred tax assets and liabilities from continuing operations

The significant components of the deferred tax assets and liabilities as reflected in the balance sheets at December 31, 2013 and 2012 are:

	AWR						GSWC
	December 31,						December 31,
(dollars in thousands)	2013			2012			2013			2012
Deferred tax assets:
Regulatory-liability-related: ITC and excess deferred taxes	$	1,049		$	1,649		$	1,049		$	1,649
Regulatory-liability-related: California Corp Franchise Tax	4,337			3,690			4,337			3,690
Other non-property-related	2,005			2,609			1,543			2,151
Contributions and advances	8,655			9,443			8,655			9,443
	$	16,046		$	17,391		$	15,584		$	16,933
Deferred tax liabilities:
Fixed assets	$	(131,534	)	$	(121,802	)	$	(131,548	)	$	(121,881	)
Regulatory-asset-related: depreciation and other	(21,575		)	(21,754		)	(21,575		)	(21,754		)
Other property-related	(155		)	(152		)	(155		)	(151		)
Balancing and memorandum accounts	(6,663		)	(1,020		)	(6,663		)	(1,020		)
Deferred charges	(6,064		)	(6,632		)	(6,064		)	(6,632		)
	(165,991		)	(151,360		)	(166,005		)	(151,438		)
Accumulated deferred income taxes - net	$	(149,945	)	$	(133,969	)	$	(150,421	)	$	(134,505	)

Schedule of current and deferred components of income tax expense from continuing operations

The current and deferred components of income tax expense from continuing operations are as follows:

	AWR
	Year Ended December 31,
(dollars in thousands)	2013		2012		2011
Current
Federal	$	13,741	$	15,585	$	9,107
State	5,930		5,273		7,108
Total current tax expense	$	19,671	$	20,858	$	16,215
Deferred
Federal	$	14,769	$	13,088	$	15,189
State	1,343		1,999		(1,328		)
Total deferred tax expense	16,112		15,087		13,861
Total income tax expense from continuing operations	$	35,783	$	35,945	$	30,076

	GSWC
	Year Ended December 31,
(dollars in thousands)	2013		2012		2011
Current
Federal	$	10,768	$	7,957	$	5,246
State	6,315		3,830		6,920
Total current tax expense	$	17,083	$	11,787	$	12,166
Deferred
Federal	$	14,691	$	12,670	$	15,118
State	1,360		2,043		(1,313		)
Total deferred tax expense	16,051		14,713		13,805
Total income tax expense	$	33,134	$	26,500	$	25,971

Schedule of reconciliations of the effective tax rates to the federal statutory rate

The reconciliations of the effective tax rates to the federal statutory rate are as follows:

	AWR
	Year Ended December 31,
(dollars in thousands, except percent)	2013			2012			2011
Federal taxes on pretax income at statutory rate	$	34,464		$	31,533		$	25,230
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit	5,111			4,957			3,781
Flow-through on fixed assets	646			636			1,026
Flow-through on pension costs	612			10			254
Flow-through on removal costs	(2,141		)	(943		)	(281		)
Domestic production activities deduction	(2,944		)	(553		)	(277		)
Investment tax credit	(91		)	(91		)	(91		)
Other – net	126			396			434
Total income tax expense from continuing operations	$	35,783		$	35,945		$	30,076
Pretax income from continuing operations	$	98,469		$	90,093		$	72,086
Effective income tax rate	36.3		%	39.9		%	41.7		%

	GSWC Year Ended December 31,
(dollars in thousands, except percent)	2013			2012			2011
Federal taxes on pretax income at statutory rate	$	28,622		$	23,002		$	21,278
Increase (decrease) in taxes resulting from:
State income tax, net of federal benefit	5,372			4,048			3,707
Flow-through on fixed assets	646			636			1,026
Flow-through on pension costs	612			10			254
Flow-through on removal costs	(2,141		)	(943		)	(281		)
Domestic production activities deduction	(1,316		)	(553		)	(277		)
Investment tax credit	(91		)	(91		)	(91		)
Other – net	1,430			391			355
Total income tax expense	$	33,134		$	26,500		$	25,971
Pretax income	$	81,776		$	65,720		$	60,793
Effective income tax rate	40.5		%	40.3		%	42.7		%