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Stock-Based Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of share-based compensation expenses
These expenses resulting from stock options, restricted stock units and performance awards are included in administrative and general expenses in AWR and GSWC’s statements of income:
 
 
AWR
 
GSWC
 
 
For The Years Ended
December 31,
 
For The Years Ended
December 31,
(in thousands)
 
2013
 
2012
 
2011
 
2013
 
2012
 
2011
Stock-based compensation related to:
 
 

 
 

 
 

 
 

 
 

 
 

Stock options
 
$
9

 
$
150

 
$
302

 
$
8

 
$
147

 
$
307

Restricted stock units
 
1,507

 
1,729

 
1,218

 
1,266

 
1,468

 
1,038

Performance awards
 
493

 
52

 

 
373

 
52

 

Total stock-based compensation expense
 
$
2,009

 
$
1,931


$
1,520


$
1,647


$
1,667


$
1,345

Schedule of assumptions used to estimate fair value of each option grant on the grant date using the Black-Scholes option-pricing model
The fair value of each option grant during the year ended December 31, 2011 was estimated on the grant date using the Black-Scholes option-pricing model with the following assumptions:
 
 
2011
Weighted-average fair value of option granted
$7.15
Risk-free interest rate
2.48%
Expected annual dividend yield
3.04%
Expected volatility factor
28.98%
Expected option term (in years)
5
Summary of stock option activity
A summary of stock option activity as of December 31, 2013 and changes during the year ended December 31, 2013, are presented below:
 
Number of
Options
 
Weighted
Average
Exercise Price
 
Weighted Average
Remaining
Contractual Term
 
Aggregate
Intrinsic Value
Options outstanding at January 1, 2013
403,158

 
$
16.72

 
 
 
 

Granted

 

 
 
 
 

Exercised
(131,448
)
 
16.06

 
 
 
 

Forfeited or expired
(7,114
)
 
13.13

 
 
 
 

Options outstanding at December 31, 2013
264,596

 
$
17.16

 
3.75
 
$
3,060,764

Options exercisable at December 31, 2013
264,545

 
$
17.16

 
3.75
 
$
3,060,166

Summary of the status of Registrant's outstanding restricted stock units to employees and directors
A summary of the status of Registrant’s outstanding RSUs, excluding performance awards, to employees and directors as of December 31, 2013, and changes during the year ended December 31, 2013, is presented below:
 
Number of
Restricted Share
Units
 
Weighted Average
Grant-Date Value
Restricted share units at January 1, 2013
287,510

 
$
16.97

Granted
61,312

 
26.14

Vested
(148,522
)
 
17.93

Forfeited
(3,264
)
 
20.78

Restricted share units at December 31, 2013
197,036

 
$
19.04