2015 Q1 Form 10-Q Financial Statement

#000162828015003719 Filed on May 06, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $170.1M $186.3M
YoY Change -8.72% 32.41%
Cost Of Revenue $92.40M $115.6M
YoY Change -20.07% 41.49%
Gross Profit $77.70M $70.70M
YoY Change 9.9% 19.83%
Gross Profit Margin 45.68% 37.94%
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $6.975M $6.635M
YoY Change 5.12% 14.0%
% of Gross Profit 8.98% 9.38%
Operating Expenses $132.6M $154.7M
YoY Change -14.31% 35.5%
Operating Profit $37.51M $31.62M
YoY Change 18.61% 19.11%
Interest Expense $2.448M $2.155M
YoY Change 13.6% 4.01%
% of Operating Profit 6.53% 6.81%
Other Income/Expense, Net $133.0K $6.000K
YoY Change 2116.67% -97.92%
Pretax Income $35.19M $29.47M
YoY Change 19.4% 19.01%
Income Tax $14.08M $11.79M
% Of Pretax Income 40.02% 40.01%
Net Earnings $21.11M $17.68M
YoY Change 19.39% 18.91%
Net Earnings / Revenue 12.41% 9.49%
Basic Earnings Per Share $1.45 $1.22
Diluted Earnings Per Share $1.44 $1.21
COMMON SHARES
Basic Shares Outstanding 14.60M shares 14.49M shares
Diluted Shares Outstanding 14.66M shares 14.54M shares

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.20M $4.800M
YoY Change 237.5% 84.62%
Cash & Equivalents $16.17M $4.791M
Short-Term Investments
Other Short-Term Assets $294.0K $198.0K
YoY Change 48.48% 35.62%
Inventory $9.900M $11.10M
Prepaid Expenses $4.510M $4.890M
Receivables $62.06M $80.31M
Other Receivables $0.00 $0.00
Total Short-Term Assets $113.3M $119.9M
YoY Change -5.53% 27.7%
LONG-TERM ASSETS
Property, Plant & Equipment $709.2M $643.1M
YoY Change 10.28% 16.35%
Goodwill $4.952M $4.625M
YoY Change 7.07% 1.8%
Intangibles $2.316M $2.875M
YoY Change -19.44% -4.71%
Long-Term Investments $3.800M $3.000M
YoY Change 26.67% -33.33%
Other Assets $78.10M $66.40M
YoY Change 17.62% -13.09%
Total Long-Term Assets $800.4M $722.6M
YoY Change 10.76% 12.12%
TOTAL ASSETS
Total Short-Term Assets $113.3M $119.9M
Total Long-Term Assets $800.4M $722.6M
Total Assets $913.7M $842.6M
YoY Change 8.44% 14.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $46.28M $58.18M
YoY Change -20.45% 49.82%
Accrued Expenses $15.80M $16.40M
YoY Change -3.66% 2.5%
Deferred Revenue
YoY Change
Short-Term Debt $66.77M $83.47M
YoY Change -20.0% 75.23%
Long-Term Debt Due $9.116M $10.96M
YoY Change -16.79% 20.48%
Total Short-Term Liabilities $186.4M $213.2M
YoY Change -12.58% 38.71%
LONG-TERM LIABILITIES
Long-Term Debt $158.1M $117.2M
YoY Change 34.89% 16.09%
Other Long-Term Liabilities $4.007M $2.484M
YoY Change 61.31% 57.22%
Total Long-Term Liabilities $162.1M $119.7M
YoY Change 35.44% 16.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $186.4M $213.2M
Total Long-Term Liabilities $162.1M $119.7M
Total Liabilities $348.4M $332.9M
YoY Change 4.68% 29.91%
SHAREHOLDERS EQUITY
Retained Earnings $159.4M $138.2M
YoY Change 15.39% 17.52%
Common Stock $163.9M $157.6M
YoY Change 3.99% 1.53%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.715M $1.138M
YoY Change 50.7% 14.49%
Treasury Stock Shares
Shareholders Equity $317.7M $293.3M
YoY Change
Total Liabilities & Shareholders Equity $913.7M $842.6M
YoY Change 8.44% 14.1%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income $21.11M $17.68M
YoY Change 19.39% 18.91%
Depreciation, Depletion And Amortization $6.975M $6.635M
YoY Change 5.12% 14.0%
Cash From Operating Activities $62.33M $46.06M
YoY Change 35.32% 31.01%
INVESTING ACTIVITIES
Capital Expenditures $25.48M $18.53M
YoY Change 37.53% 12.91%
Acquisitions
YoY Change
Other Investing Activities $100.0K $0.00
YoY Change -100.0%
Cash From Investing Activities -$25.33M -$18.53M
YoY Change 36.75% -1.63%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $398.0K $196.0K
YoY Change 103.06% 1206.67%
Cash From Financing Activities -$25.40M -$26.10M
YoY Change -2.68% 52.82%
NET CHANGE
Cash From Operating Activities $62.33M $46.06M
Cash From Investing Activities -$25.33M -$18.53M
Cash From Financing Activities -$25.40M -$26.10M
Net Change In Cash $11.60M $1.435M
YoY Change 708.08% -290.57%
FREE CASH FLOW
Cash From Operating Activities $62.33M $46.06M
Capital Expenditures $25.48M $18.53M
Free Cash Flow $36.85M $27.54M
YoY Change 33.83% 46.85%

Facts In Submission

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-2191000 USD
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-2185000 USD
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-2500000 USD
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2155000 USD
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3770000 USD
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0 USD
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194235000 USD
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100000 USD
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100000 USD
CY2014Q4 us-gaap Long Term Debt
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180700000 USD
CY2015Q1 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
182200000 USD
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LongTermDebtNoncurrent
158486000 USD
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CY2014Q1 us-gaap Maintenance Costs
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2703000 USD
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CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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NetCashProvidedByUsedInOperatingActivities
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CY2015Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
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6603000 USD
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195000 USD
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294000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
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CY2015Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Net Of Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax
-10000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
-6000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
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CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-7000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
31000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
108000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
31000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2015Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
108000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
52000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax
137000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-40000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax
-92000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-27000 USD
CY2015Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
-62000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
26000 USD
CY2014Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
0 USD
CY2015Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
17000 USD
CY2014Q4 us-gaap Other Inventory
OtherInventory
3699000 USD
CY2015Q1 us-gaap Other Inventory
OtherInventory
4411000 USD
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3825000 USD
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4007000 USD
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1000 USD
CY2015Q1 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
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OtherNonoperatingIncomeExpense
6000 USD
CY2015Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
133000 USD
CY2014Q1 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
26000 USD
CY2015Q1 us-gaap Payments For Environmental Liabilities
PaymentsForEnvironmentalLiabilities
49000 USD
CY2014Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3369000 USD
CY2015Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
3573000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18528000 USD
CY2015Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
27508000 USD
CY2014Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
35027000 USD
CY2015Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
34798000 USD
CY2014Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
6652000 USD
CY2015Q1 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
4510000 USD
CY2014Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-21696000 USD
CY2015Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-19269000 USD
CY2014Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
-341000 USD
CY2015Q1 us-gaap Proceeds From Repurchase Of Equity
ProceedsFromRepurchaseOfEquity
27000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
29000 USD
CY2015Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
198000 USD
CY2014Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
870125000 USD
CY2015Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
883239000 USD
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
689762000 USD
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
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CY2014Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
18497000 USD
CY2015Q1 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
19459000 USD
CY2014Q4 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
766855000 USD
CY2015Q1 us-gaap Public Utilities Property Plant And Equipment Plant In Service
PublicUtilitiesPropertyPlantAndEquipmentPlantInService
779394000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-31000 USD
CY2015Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-115000 USD
CY2014Q1 us-gaap Regulated Operating Revenue
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102166000 USD
CY2015Q1 us-gaap Regulated Operating Revenue
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CY2014Q4 us-gaap Regulatory Assets Current
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8967000 USD
CY2015Q1 us-gaap Regulatory Assets Current
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7472000 USD
CY2014Q4 us-gaap Regulatory Assets Noncurrent
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78136000 USD
CY2015Q1 us-gaap Regulatory Assets Noncurrent
RegulatoryAssetsNoncurrent
78113000 USD
CY2014Q4 us-gaap Regulatory Liability Current
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3268000 USD
CY2015Q1 us-gaap Regulatory Liability Current
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18621000 USD
CY2014Q4 us-gaap Regulatory Liability Noncurrent
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43419000 USD
CY2015Q1 us-gaap Regulatory Liability Noncurrent
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43518000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
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196000 USD
CY2015Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
76000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
142317000 USD
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
159446000 USD
CY2014Q1 us-gaap Revenues
Revenues
186337000 USD
CY2015Q1 us-gaap Revenues
Revenues
170081000 USD
CY2014Q4 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
700000 USD
CY2015Q1 us-gaap Sales And Excise Tax Payable Current And Noncurrent
SalesAndExciseTaxPayableCurrentAndNoncurrent
578000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
638000 USD
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
537000 USD
CY2015Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
1209 shares
CY2014 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12687 shares
CY2015Q1 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
12620 shares
CY2014Q4 us-gaap Short Term Borrowings
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88231000 USD
CY2015Q1 us-gaap Short Term Borrowings
ShortTermBorrowings
66772000 USD
CY2014 us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
535000 USD
CY2014 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
-15675000 USD
CY2015Q1 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
-3588000 USD
CY2014 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1889000 USD
CY2015Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
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CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
278773000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
300322000 USD
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
317746000 USD
CY2014Q1 us-gaap Taxes Other
TaxesOther
3673000 USD
CY2015Q1 us-gaap Taxes Other
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3587000 USD
CY2014Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
37000 USD
CY2015Q1 us-gaap Trading Securities Unrealized Holding Gain Loss
TradingSecuritiesUnrealizedHoldingGainLoss
-104000 USD
CY2014Q4 us-gaap Treasury Stock Value
TreasuryStockValue
1258000 USD
CY2015Q1 us-gaap Treasury Stock Value
TreasuryStockValue
1715000 USD
CY2015Q1 us-gaap Unamortized Debt Issuance Expense
UnamortizedDebtIssuanceExpense
333000 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-31000 USD
CY2015Q1 us-gaap Unrealized Gain Loss On Commodity Contracts
UnrealizedGainLossOnCommodityContracts
-21000 USD
CY2014Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
1295000 USD
CY2015Q1 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-155000 USD
CY2014Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
84171000 USD
CY2015Q1 us-gaap Unregulated Operating Revenue
UnregulatedOperatingRevenue
60499000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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14540151 shares
CY2015Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14656310 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14487646 shares
CY2015Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14604841 shares

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