2018 Q4 Form 10-K Financial Statement
#000117494720000248 Filed on February 27, 2020
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
Revenue | $33.27M | $38.71M | $34.92M |
YoY Change | 5.75% | 7.03% | 5.78% |
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | |||
YoY Change | |||
% of Gross Profit | |||
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $4.040M | $3.950M | $4.020M |
YoY Change | -3.12% | 4.22% | 15.52% |
% of Gross Profit | |||
Operating Expenses | $26.12M | $25.80M | $24.20M |
YoY Change | 12.63% | 9.46% | 2.28% |
Operating Profit | $7.153M | $12.92M | $10.72M |
YoY Change | |||
Interest Expense | -$1.830M | -$1.720M | -$2.070M |
YoY Change | 18.83% | 15.44% | 40.82% |
% of Operating Profit | -25.58% | -13.31% | -19.31% |
Other Income/Expense, Net | $910.0K | $830.0K | $780.0K |
YoY Change | 97.83% | 97.62% | 90.24% |
Pretax Income | $6.230M | $12.03M | $9.440M |
YoY Change | -13.23% | 4.34% | 13.73% |
Income Tax | -$760.0K | -$260.0K | $760.0K |
% Of Pretax Income | -12.2% | -2.16% | 8.05% |
Net Earnings | $6.993M | $12.29M | $8.675M |
YoY Change | 30.71% | 60.86% | 61.25% |
Net Earnings / Revenue | 21.02% | 31.75% | 24.84% |
Basic Earnings Per Share | $0.43 | $0.75 | $0.52 |
Diluted Earnings Per Share | $0.43 | $0.74 | $0.52 |
COMMON SHARES | |||
Basic Shares Outstanding | |||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $3.700M | $3.600M | $2.700M |
YoY Change | -24.49% | 33.33% | -27.03% |
Cash & Equivalents | $5.661M | $3.600M | $2.700M |
Short-Term Investments | |||
Other Short-Term Assets | $9.900M | $12.60M | $12.50M |
YoY Change | 5.32% | 12.5% | 11.61% |
Inventory | $5.400M | $5.600M | $4.800M |
Prepaid Expenses | |||
Receivables | $11.80M | $13.50M | $11.00M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $30.80M | $35.40M | $31.10M |
YoY Change | 5.48% | 17.61% | 4.71% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $628.5M | $608.7M | $590.1M |
YoY Change | 10.91% | 9.73% | 8.75% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $108.5M | $108.2M | $108.2M |
YoY Change | 67.7% | 66.72% | 68.27% |
Total Long-Term Assets | $737.0M | $717.4M | $698.6M |
YoY Change | 16.64% | 15.37% | 14.71% |
TOTAL ASSETS | |||
Total Short-Term Assets | $30.80M | $35.40M | $31.10M |
Total Long-Term Assets | $737.0M | $717.4M | $698.6M |
Total Assets | $767.8M | $752.8M | $729.7M |
YoY Change | 16.14% | 15.48% | 14.25% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $19.30M | $19.50M | $16.40M |
YoY Change | 38.85% | 61.16% | 9.33% |
Accrued Expenses | $1.300M | $500.0K | $1.300M |
YoY Change | 18.18% | 25.0% | 18.18% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $48.50M | $48.50M | $39.00M |
YoY Change | 73.21% | 97.96% | 129.41% |
Long-Term Debt Due | $7.343M | $7.300M | $7.200M |
YoY Change | 6.42% | 12.31% | 16.13% |
Total Short-Term Liabilities | $94.40M | $94.40M | $81.60M |
YoY Change | 46.36% | 60.0% | 47.29% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $152.9M | $141.1M | $142.1M |
YoY Change | 9.96% | 3.9% | 4.18% |
Other Long-Term Liabilities | $222.1M | $223.9M | $223.8M |
YoY Change | 21.5% | 52.62% | 54.24% |
Total Long-Term Liabilities | $152.9M | $365.0M | $365.9M |
YoY Change | -52.5% | 29.2% | 29.98% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $94.40M | $94.40M | $81.60M |
Total Long-Term Liabilities | $152.9M | $365.0M | $365.9M |
Total Liabilities | $516.6M | $505.2M | $491.2M |
YoY Change | 20.28% | 19.57% | 18.65% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $91.43M | ||
YoY Change | |||
Common Stock | $157.4M | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $251.2M | $247.6M | $238.5M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $767.8M | $752.8M | $729.7M |
YoY Change | 16.14% | 15.48% | 14.25% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2018 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $6.993M | $12.29M | $8.675M |
YoY Change | 30.71% | 60.86% | 61.25% |
Depreciation, Depletion And Amortization | $4.040M | $3.950M | $4.020M |
YoY Change | -3.12% | 4.22% | 15.52% |
Cash From Operating Activities | $13.00M | $13.64M | $10.24M |
YoY Change | -8.39% | 60.85% | 1.59% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$22.57M | -$21.14M | -$18.37M |
YoY Change | 49.17% | 51.0% | 58.5% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | |||
YoY Change | |||
Cash From Investing Activities | -$22.57M | -$21.14M | -$18.37M |
YoY Change | 49.17% | 51.0% | 58.5% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 9.700M | 7.200M | 11.19M |
YoY Change | 130.95% | 58.59% | -2897.5% |
NET CHANGE | |||
Cash From Operating Activities | 13.00M | 13.64M | 10.24M |
Cash From Investing Activities | -22.57M | -21.14M | -18.37M |
Cash From Financing Activities | 9.700M | 7.200M | 11.19M |
Net Change In Cash | 130.0K | -300.0K | 3.060M |
YoY Change | -96.01% | -69.39% | -260.21% |
FREE CASH FLOW | |||
Cash From Operating Activities | $13.00M | $13.64M | $10.24M |
Capital Expenditures | -$22.57M | -$21.14M | -$18.37M |
Free Cash Flow | $35.57M | $34.78M | $28.61M |
YoY Change | 21.32% | 54.72% | 32.03% |
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CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
6397000 | USD |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4318000 | USD |
CY2019 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
7770000 | USD |
CY2018 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
3835000 | USD |
CY2017 | us-gaap |
Contribution Of Property
ContributionOfProperty
|
3778000 | USD |
CY2019 | msex |
Deobligated Principal Payments
DeobligatedPrincipalPayments
|
130000 | USD |
CY2019 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
10339000 | USD |
CY2018 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
4689000 | USD |
CY2017 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
2754000 | USD |
CY2019Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
40000000 | shares |
CY2019Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
17434000 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
16403000 | shares |
CY2019Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
215125000 | USD |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
157354000 | USD |
CY2019Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
108667000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
91433000 | USD |
CY2019Q4 | msex |
Total Common Equity
TotalCommonEquity
|
323792000 | USD |
CY2018Q4 | msex |
Total Common Equity
TotalCommonEquity
|
248787000 | USD |
CY2019Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
120000 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
120000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
20000 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
23000 | shares |
CY2019Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
2084000 | USD |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
2433000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
234397000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
162904000 | USD |
CY2019Q4 | us-gaap |
Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
|
8064000 | USD |
CY2018Q4 | us-gaap |
Debt Instrument Unamortized Premium
DebtInstrumentUnamortizedPremium
|
1259000 | USD |
CY2019Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
4506000 | USD |
CY2018Q4 | us-gaap |
Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
|
3969000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
7178000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
7343000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
230777000 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
152851000 | USD |
CY2016Q4 | msex |
Total Common Equity
TotalCommonEquity
|
218437000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22809000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1234000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
724000 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
147000 | USD |
CY2017 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
30000 | USD |
CY2017 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14002000 | USD |
CY2017 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
144000 | USD |
CY2017Q4 | msex |
Total Common Equity
TotalCommonEquity
|
229175000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32452000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
1150000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
975000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
147000 | USD |
CY2018 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
38000 | USD |
CY2018 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
14930000 | USD |
CY2018 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
144000 | USD |
CY2018Q4 | msex |
Total Common Equity
TotalCommonEquity
|
248787000 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33888000 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
|
12738000 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
907000 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
196000 | USD |
CY2019 | us-gaap |
Stock Granted During Period Value Sharebased Compensation Forfeited
StockGrantedDuringPeriodValueSharebasedCompensationForfeited
|
466000 | USD |
CY2019 | msex |
Preferred Stock Convertible Conversion Price
PreferredStockConvertibleConversionPrice
|
8.00 | |
CY2019 | us-gaap |
Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
|
350000 | USD |
CY2019 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
44046000 | USD |
CY2019 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.976 | |
CY2019 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
16165000 | USD |
CY2019 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
132000 | USD |
CY2019 | us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
357000 | USD |
CY2019Q4 | msex |
Total Common Equity
TotalCommonEquity
|
323792000 | USD |
CY2019 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom: 0pt;color:#000000; "> <span style="font-weight: bold; ">(a) </span><span style="font-weight: bold; ">Organization</span> - Middlesex Water Company (Middlesex) is the parent company and sole shareholder of Tidewater Utilities, Inc. (Tidewater), Tidewater Environmental Services, Inc. (TESI), Pinelands Water Company (Pinelands Water) and Pinelands Wastewater Company (Pinelands Wastewater) (collectively, Pinelands), Utility Service Affiliates, Inc. (USA), Utility Service Affiliates (Perth Amboy) Inc. (USA-PA) and Twin Lakes Utilities, Inc. (Twin Lakes). Southern Shores Water Company, LLC (Southern Shores) and White Marsh Environmental Systems, Inc. (White Marsh) are wholly-owned subsidiaries of Tidewater. </p> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom: 0pt;color:#000000; ">Middlesex Water Company has operated as a water utility in New Jersey since 1897, in Delaware, through our wholly-owned subsidiary, Tidewater, since 1992 and in Pennsylvania, through our wholly-owned subsidiary, Twin Lakes, since 2009. We are in the business of collecting, treating, distributing and selling water for domestic, commercial, municipal, industrial and fire protection purposes. We also operate New Jersey municipal water, wastewater and storm water systems under contract and provide unregulated water and wastewater services in New Jersey and Delaware through our subsidiaries. Our rates charged to customers for water and wastewater services, the quality of services we provide and certain other matters are regulated in New Jersey, Delaware and Pennsylvania by the New Jersey Board of Public Utilities (NJBPU), Delaware Public Service Commission (DEPSC) and Pennsylvania Public Utilities Commission (PAPUC), respectively. Our USA, USA-PA and White Marsh subsidiaries are not regulated utilities.</p> <p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom: 0pt;color:#000000; ">Certain reclassifications have been made to the prior year financial statements to conform with current period presentation. The reclassifications are immaterial to the overall presentation of our consolidated financial statements. </p> | |
CY2019 | msex |
Percent Voting Interest
PercentVotingInterest
|
0.50 | pure |
CY2019 | msex |
Percent Of Operating Revenues
PercentOfOperatingRevenues
|
0.91 | pure |
CY2019 | msex |
Percent Of Total Assets
PercentOfTotalAssets
|
0.99 | pure |
CY2019Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1400000 | USD |
CY2018Q4 | us-gaap |
Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
|
1000000.0 | USD |
CY2019 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
1000000.0 | USD |
CY2018 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
800000 | USD |
CY2017 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
500000 | USD |
CY2019 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
600000 | USD |
CY2018 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
700000 | USD |
CY2017 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
500000 | USD |
CY2019 | msex |
Residential Operating Revenues
ResidentialOperatingRevenues
|
71487000 | USD |
CY2018 | msex |
Residential Operating Revenues
ResidentialOperatingRevenues
|
69785000 | USD |
CY2017 | msex |
Residential Operating Revenues
ResidentialOperatingRevenues
|
66483000 | USD |
CY2019 | msex |
Commercial Operating Revenues
CommercialOperatingRevenues
|
15198000 | USD |
CY2018 | msex |
Commercial Operating Revenues
CommercialOperatingRevenues
|
14844000 | USD |
CY2017 | msex |
Commercial Operating Revenues
CommercialOperatingRevenues
|
13956000 | USD |
CY2019 | msex |
Industrial Operating Revenues
IndustrialOperatingRevenues
|
9390000 | USD |
CY2018 | msex |
Industrial Operating Revenues
IndustrialOperatingRevenues
|
10183000 | USD |
CY2017 | msex |
Industrial Operating Revenues
IndustrialOperatingRevenues
|
9321000 | USD |
CY2019 | msex |
Residential Commercial Industrial And Fire Protection Revenue
ResidentialCommercialIndustrialAndFireProtectionRevenue
|
12291000 | USD |
CY2018 | msex |
Residential Commercial Industrial And Fire Protection Revenue
ResidentialCommercialIndustrialAndFireProtectionRevenue
|
12099000 | USD |
CY2017 | msex |
Residential Commercial Industrial And Fire Protection Revenue
ResidentialCommercialIndustrialAndFireProtectionRevenue
|
11812000 | USD |
CY2018 | msex |
Other Nonregulated Revenues
OtherNonregulatedRevenues
|
404000 | USD |
CY2017 | msex |
Other Nonregulated Revenues
OtherNonregulatedRevenues
|
404000 | USD |
CY2019 | msex |
Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
|
-657000 | USD |
CY2018 | msex |
Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
|
-602000 | USD |
CY2017 | msex |
Inter Segment Elimination Operating Revenues
InterSegmentEliminationOperatingRevenues
|
-591000 | USD |
CY2019 | msex |
Wholesale Municipal Revenue
WholesaleMunicipalRevenue
|
14319000 | USD |
CY2018 | msex |
Wholesale Municipal Revenue
WholesaleMunicipalRevenue
|
14655000 | USD |
CY2017 | msex |
Wholesale Municipal Revenue
WholesaleMunicipalRevenue
|
13553000 | USD |
CY2019 | msex |
Nonregualted Contract Operations Revenue
NonregualtedContractOperationsRevenue
|
11773000 | USD |
CY2018 | msex |
Nonregualted Contract Operations Revenue
NonregualtedContractOperationsRevenue
|
16374000 | USD |
CY2017 | msex |
Nonregualted Contract Operations Revenue
NonregualtedContractOperationsRevenue
|
15508000 | USD |
CY2019 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
134458000 | USD |
CY2018 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
137940000 | USD |
CY2017 | us-gaap |
Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
|
130633000 | USD |
CY2019 | us-gaap |
Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
|
393000 | USD |
CY2018 | us-gaap |
Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
|
335000 | USD |
CY2017 | us-gaap |
Regulated Operating Revenue Other
RegulatedOperatingRevenueOther
|
329000 | USD |
CY2019 | msex |
Other Nonregulated Revenues
OtherNonregulatedRevenues
|
404000 | USD |
CY2019 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="font-family: Times New Roman, Times, serif; font-size:10pt; text-align:justify; margin-top:11pt; margin-bottom: 0pt;color:#000000; "> <span style="font-weight: bold; ">(q) </span><span style="font-weight: bold; ">Use of Estimates</span> - Conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts in the financial statements. Actual results could differ from those estimates. </p> | |
CY2017 | msex |
Operations And Maintenance Expense And Other Income Expense Net
OperationsAndMaintenanceExpenseAndOtherIncomeExpenseNet
|
800000 | USD |
CY2019 | msex |
Adoption Of Right Of Use Asset
AdoptionOfRightOfUseAsset
|
6700000 | USD |
CY2019 | msex |
Adoption Of Lease Liability
AdoptionOfLeaseLiability
|
7100000 | USD |
CY2019Q4 | us-gaap |
Amount Of Embedded Regulatory Asset
AmountOfEmbeddedRegulatoryAsset
|
400000 | USD |
CY2019Q1 | us-gaap |
Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
|
0.0335 | pure |
CY2019Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
110479000 | USD |
CY2018Q4 | us-gaap |
Regulatory Assets
RegulatoryAssets
|
99236000 | USD |
CY2019Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
31500000 | USD |
CY2018Q4 | us-gaap |
Regulatory Liabilities
RegulatoryLiabilities
|
31700000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
6457000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
7009000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
|
11868000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
|
-802000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
|
422000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Disposition Of Assets
IncomeTaxReconciliationDispositionOfAssets
|
-1016000 | USD |
CY2019 | msex |
Income Tax Reconciliation Tangible Property Repairs
IncomeTaxReconciliationTangiblePropertyRepairs
|
-10156000 | USD |
CY2018 | msex |
Income Tax Reconciliation Tangible Property Repairs
IncomeTaxReconciliationTangiblePropertyRepairs
|
-7763000 | USD |
CY2017 | msex |
Income Tax Reconciliation Tangible Property Repairs
IncomeTaxReconciliationTangiblePropertyRepairs
|
USD | |
CY2019 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
1173000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
1207000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
|
895000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
|
USD | |
CY2018 | us-gaap |
Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
|
USD | |
CY2017 | us-gaap |
Income Tax Reconciliation Tax Credits Other
IncomeTaxReconciliationTaxCreditsOther
|
610000 | USD |
CY2019 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
188000 | USD |
CY2018 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
49000 | USD |
CY2017 | us-gaap |
Income Tax Reconciliation Nondeductible Expense Other
IncomeTaxReconciliationNondeductibleExpenseOther
|
-37000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3140000 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
924000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11100000 | USD |
CY2019 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-3822000 | USD |
CY2018 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
-188000 | USD |
CY2017 | us-gaap |
Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
|
2090000 | USD |
CY2019 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
2246000 | USD |
CY2018 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
2073000 | USD |
CY2017 | us-gaap |
Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
|
1066000 | USD |
CY2019 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-726000 | USD |
CY2018 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
-338000 | USD |
CY2017 | us-gaap |
Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
|
7713000 | USD |
CY2019 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-761000 | USD |
CY2018 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
-545000 | USD |
CY2017 | us-gaap |
Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
|
310000 | USD |
CY2019 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
-77000 | USD |
CY2018 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
-78000 | USD |
CY2017 | us-gaap |
Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
|
-79000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3140000 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
924000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11100000 | USD |
CY2019Q4 | msex |
Deferred Tax Liabilities Utility Plant Related
DeferredTaxLiabilitiesUtilityPlantRelated
|
50608000 | USD |
CY2018Q4 | msex |
Deferred Tax Liabilities Utility Plant Related
DeferredTaxLiabilitiesUtilityPlantRelated
|
44777000 | USD |
CY2019Q4 | msex |
Deferred Tax Assets Customer Advances
DeferredTaxAssetsCustomerAdvances
|
3661000 | USD |
CY2018Q4 | msex |
Deferred Tax Assets Customer Advances
DeferredTaxAssetsCustomerAdvances
|
3702000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
6543000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
|
5490000 | USD |
CY2019Q4 | msex |
Deferred Tax Liabilities Investment Tax Credits
DeferredTaxLiabilitiesInvestmentTaxCredits
|
519000 | USD |
CY2018Q4 | msex |
Deferred Tax Liabilities Investment Tax Credits
DeferredTaxLiabilitiesInvestmentTaxCredits
|
596000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-399000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Assets Other
DeferredTaxAssetsOther
|
-109000 | USD |
CY2019Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
54408000 | USD |
CY2018Q4 | us-gaap |
Deferred Tax Liabilities
DeferredTaxLiabilities
|
47270000 | USD |
CY2019 | msex |
Cost Of Untreated Water
CostOfUntreatedWater
|
3400000 | USD |
CY2018 | msex |
Cost Of Untreated Water
CostOfUntreatedWater
|
3600000 | USD |
CY2017 | msex |
Cost Of Untreated Water
CostOfUntreatedWater
|
2800000 | USD |
CY2019 | msex |
Cost Of Treated Water
CostOfTreatedWater
|
3200000 | USD |
CY2018 | msex |
Cost Of Treated Water
CostOfTreatedWater
|
3200000 | USD |
CY2017 | msex |
Cost Of Treated Water
CostOfTreatedWater
|
3300000 | USD |
CY2019 | us-gaap |
Cost Of Purchased Water
CostOfPurchasedWater
|
6600000 | USD |
CY2018 | us-gaap |
Cost Of Purchased Water
CostOfPurchasedWater
|
6800000 | USD |
CY2017 | us-gaap |
Cost Of Purchased Water
CostOfPurchasedWater
|
6100000 | USD |
CY2019Q4 | us-gaap |
Guaranty Liabilities
GuarantyLiabilities
|
1400000 | USD |
CY2018Q4 | us-gaap |
Guaranty Liabilities
GuarantyLiabilities
|
1500000 | USD |
CY2019 | msex |
Lease Maturity Date
LeaseMaturityDate
|
2030 | |
CY2019Q4 | msex |
Estimated Incremental Borrowing Rate
EstimatedIncrementalBorrowingRate
|
0.0403 | pure |
CY2019 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
700000 | USD |
CY2018 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
500000 | USD |
CY2017 | us-gaap |
Lease And Rental Expense
LeaseAndRentalExpense
|
1000 | USD |
CY2019Q4 | msex |
Right Of Use Asset At Lease Inception
RightOfUseAssetAtLeaseInception
|
7300000 | USD |
CY2019Q4 | msex |
Right Of Use Assets Accumulated Amortization
RightOfUseAssetsAccumulatedAmortization
|
-1400000 | USD |
CY2019Q4 | msex |
Right Of Use Assets Current
RightOfUseAssetsCurrent
|
5900000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
800000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
800000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
800000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
800000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
800000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
4400000 | USD |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
|
8400000 | USD |
CY2019Q4 | msex |
Imputed Interest
ImputedInterest
|
-2000000.0 | USD |
CY2019Q4 | us-gaap |
Present Value Of Future Minimum Lease Payments Sale Leaseback Transactions
PresentValueOfFutureMinimumLeasePaymentsSaleLeasebackTransactions
|
6400000 | USD |
CY2019Q4 | msex |
Operating Lease Liability And Other Liabilities Current
OperatingLeaseLiabilityAndOtherLiabilitiesCurrent
|
-700000 | USD |
CY2019Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
5700000 | USD |
CY2019 | msex |
Budgeted Construction Cost
BudgetedConstructionCost
|
124000000 | USD |
CY2019 | msex |
Budgeted Construction Cost For Construction Program Year One
BudgetedConstructionCostForConstructionProgramYearOne
|
112000000 | USD |
CY2018 | us-gaap |
Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
|
37300000 | USD |
CY2019Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
20000000.0 | USD |
CY2018Q4 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
48500000 | USD |
CY2019 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.0333 | pure |
CY2018 | us-gaap |
Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
|
0.0317 | pure |
CY2019Q4 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.0286 | pure |
CY2018Q4 | us-gaap |
Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
|
0.0357 | pure |
CY2019 | msex |
Budgeted Construction Cost For Construction Program Year Two
BudgetedConstructionCostForConstructionProgramYearTwo
|
59000000 | USD |
CY2019 | msex |
Estimated Obligation Expend
EstimatedObligationExpend
|
63000000 | USD |
CY2019 | us-gaap |
Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
|
140000000.0 | USD |
CY2018 | us-gaap |
Line Of Credit Facility Maximum Monthend Outstanding Amount
LineOfCreditFacilityMaximumMonthendOutstandingAmount
|
92000000.0 | USD |
CY2019 | us-gaap |
Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
|
59400000 | USD |
CY2018 | us-gaap |
Line Of Credit Facility Maximum Amount Outstanding During Period
LineOfCreditFacilityMaximumAmountOutstandingDuringPeriod
|
48500000 | USD |
CY2019 | us-gaap |
Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
|
52400000 | USD |
CY2019Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
800000 | shares |
CY2019Q4 | us-gaap |
Share Price
SharePrice
|
60.50 | |
CY2019Q4 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
43700000 | USD |
CY2019Q4 | msex |
Additional Shares Authorized By Sec To Be Issued
AdditionalSharesAuthorizedBySECToBeIssued
|
400000 | shares |
CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
100000 | shares |
CY2018Q2 | us-gaap |
Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
|
9500000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
7200000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
7200000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
6700000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
6200000 | USD |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
6000000.0 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33888000 | USD |
CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16685000 | shares |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32452000 | USD |
CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16384000 | shares |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22809000 | USD |
CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
16330000 | shares |
CY2019 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
132000 | USD |
CY2017 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
144000 | USD |
CY2018 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
144000 | USD |
CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
33756000 | USD |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
32308000 | USD |
CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
22665000 | USD |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.02 | |
CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.97 | |
CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.39 | |
CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
33756000 | USD |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
32308000 | USD |
CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
22665000 | USD |
CY2017 | msex |
Convertible Dollar7 Preferred Series Stock Dividends
ConvertibleDollar7PreferredSeriesStockDividends
|
67000 | USD |
CY2019 | msex |
Incremental Common Shares Attributable To Conversion Of Dollar7 Preferred Series Stock
IncrementalCommonSharesAttributableToConversionOfDollar7PreferredSeriesStock
|
115000 | shares |
CY2018 | msex |
Convertible Dollar7 Preferred Series Stock Dividends
ConvertibleDollar7PreferredSeriesStockDividends
|
67000 | USD |
CY2018 | msex |
Incremental Common Shares Attributable To Conversion Of Dollar7 Preferred Series Stock
IncrementalCommonSharesAttributableToConversionOfDollar7PreferredSeriesStock
|
115000 | shares |
CY2019 | msex |
Convertible Dollar7 Preferred Series Stock Dividends
ConvertibleDollar7PreferredSeriesStockDividends
|
67000 | USD |
CY2017 | msex |
Incremental Common Shares Attributable To Conversion Of Dollar7 Preferred Series Stock
IncrementalCommonSharesAttributableToConversionOfDollar7PreferredSeriesStock
|
115000 | shares |
CY2019 | msex |
Incremental Common Shares Attributable To Conversion Of Dollar8 Preferred Series Stock
IncrementalCommonSharesAttributableToConversionOfDollar8PreferredSeriesStock
|
29000 | shares |
CY2017 | msex |
Convertible Dollar8 Preferred Series Stock Dividends
ConvertibleDollar8PreferredSeriesStockDividends
|
24000 | USD |
CY2018 | msex |
Incremental Common Shares Attributable To Conversion Of Dollar8 Preferred Series Stock
IncrementalCommonSharesAttributableToConversionOfDollar8PreferredSeriesStock
|
41000 | shares |
CY2018 | msex |
Convertible Dollar8 Preferred Series Stock Dividends
ConvertibleDollar8PreferredSeriesStockDividends
|
24000 | USD |
CY2017 | msex |
Incremental Common Shares Attributable To Conversion Of Dollar8 Preferred Series Stock
IncrementalCommonSharesAttributableToConversionOfDollar8PreferredSeriesStock
|
41000 | shares |
CY2019 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
33835000 | USD |
CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16829000 | shares |
CY2018 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
32399000 | USD |
CY2018 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16540000 | shares |
CY2017 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
22756000 | USD |
CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
16486000 | shares |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.01 | |
CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.96 | |
CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.38 | |
CY2019Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
83000000.0 | USD |
CY2018Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
61500000 | USD |
CY2019Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
|
87600000 | USD |
CY2018Q4 | us-gaap |
Defined Benefit Plan Pension Plans With Accumulated Benefit Obligations In Excess Of Plan Assets Aggregate Accumulated Benefit Obligation
DefinedBenefitPlanPensionPlansWithAccumulatedBenefitObligationsInExcessOfPlanAssetsAggregateAccumulatedBenefitObligation
|
73100000 | USD |
CY2019 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
700000 | USD |
CY2019Q4 | us-gaap |
Defined Benefit Plan Health Care Cost Trend Rate Assumed Next Fiscal Year
DefinedBenefitPlanHealthCareCostTrendRateAssumedNextFiscalYear
|
0.080 | pure |
CY2019 | msex |
Increase Decrease In Annual Rate Per Capita Cost Of Covered Healthcare Benefits Years One To Three
IncreaseDecreaseInAnnualRatePerCapitaCostOfCoveredHealthcareBenefitsYearsOneToThree
|
0.010 | pure |
CY2019 | msex |
Threshold Percentage Of Participants Compensation At Which Matching Decreases
ThresholdPercentageOfParticipantsCompensationAtWhichMatchingDecreases
|
0.010 | pure |
CY2019 | msex |
Increase Decrease In Annual Rate Per Capita Cost Of Covered Healthcare Benefits Years Four And Five
IncreaseDecreaseInAnnualRatePerCapitaCostOfCoveredHealthcareBenefitsYearsFourAndFive
|
0.005 | pure |
CY2019 | msex |
Percent Of Participants Contributions Matched By Company Above One Percent Of Participants Compensation
PercentOfParticipantsContributionsMatchedByCompanyAboveOnePercentOfParticipantsCompensation
|
0.50 | pure |
CY2019Q4 | us-gaap |
Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
|
0.05 | pure |
CY2019 | msex |
Number Of Hours Required To Participate In Contribution Plan
NumberOfHoursRequiredToParticipateInContributionPlan
|
1000 | pure |
CY2019 | msex |
Percent Of Participants Contributions Matched By Company Below One Percent Of Participants Compensation
PercentOfParticipantsContributionsMatchedByCompanyBelowOnePercentOfParticipantsCompensation
|
1 | pure |
CY2019 | msex |
Percent Of Participants Contributions Matched By Company Above One Percent Of Participants Compensation
PercentOfParticipantsContributionsMatchedByCompanyAboveOnePercentOfParticipantsCompensation
|
0.50 | pure |
CY2019 | us-gaap |
Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
|
0.06 | pure |
CY2019 | msex |
Matching Contributions
MatchingContributions
|
7000 | USD |
CY2018 | msex |
Matching Contributions
MatchingContributions
|
6000 | USD |
CY2017 | msex |
Matching Contributions
MatchingContributions
|
6000 | USD |
CY2019Q4 | us-gaap |
Defined Benefit Plan Ultimate Health Care Cost Trend Rate1
DefinedBenefitPlanUltimateHealthCareCostTrendRate1
|
0.050 | pure |
CY2018 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
600000 | USD |
CY2017 | us-gaap |
Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
|
500000 | USD |
CY2019 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
1700000 | USD |
CY2018 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
|
1300000 | USD |
CY2019 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | pure |
CY2019 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
134598000 | USD |
CY2018 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
138077000 | USD |
CY2017 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
130775000 | USD |
CY2019 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
35520000 | USD |
CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
37142000 | USD |
CY2017 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
37798000 | USD |
CY2019 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
16716000 | USD |
CY2018 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
15037000 | USD |
CY2017 | us-gaap |
Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
|
13922000 | USD |
CY2019 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
2492000 | USD |
CY2018 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
2992000 | USD |
CY2017 | us-gaap |
Other Nonrecurring Income Expense
OtherNonrecurringIncomeExpense
|
1617000 | USD |
CY2019 | us-gaap |
Interest Expense
InterestExpense
|
7264000 | USD |
CY2018 | us-gaap |
Interest Expense
InterestExpense
|
6758000 | USD |
CY2017 | us-gaap |
Interest Expense
InterestExpense
|
5506000 | USD |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-3140000 | USD |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
924000 | USD |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
11100000 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33888000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32452000 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
22809000 | USD |
CY2019 | us-gaap |
Payments To Acquire Water And Waste Water Systems
PaymentsToAcquireWaterAndWasteWaterSystems
|
89125000 | USD |
CY2018 | us-gaap |
Payments To Acquire Water And Waste Water Systems
PaymentsToAcquireWaterAndWasteWaterSystems
|
72094000 | USD |
CY2017 | us-gaap |
Payments To Acquire Water And Waste Water Systems
PaymentsToAcquireWaterAndWasteWaterSystems
|
50301000 | USD |
CY2019Q4 | us-gaap |
Assets
Assets
|
909878000 | USD |
CY2018Q4 | us-gaap |
Assets
Assets
|
767830000 | USD |
CY2019Q1 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
30698000 | USD |
CY2019Q2 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
33393000 | USD |
CY2019Q3 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
37769000 | USD |
CY2019Q4 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
32738000 | USD |
CY2019 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
134598000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7028000 | USD |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
8950000 | USD |
CY2019Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
11983000 | USD |
CY2019Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7559000 | USD |
CY2019 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
35520000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6552000 | USD |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8146000 | USD |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
11119000 | USD |
CY2019Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8071000 | USD |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
33888000 | USD |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.40 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.49 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.67 | |
CY2019Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.46 | |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
2.02 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.39 | |
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.67 | |
CY2019Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.46 | |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
2.01 | |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2400 | |
CY2019Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2400 | |
CY2019Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2400 | |
CY2019Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2563 | |
CY2019Q1 | msex |
High Common Stock Price
HighCommonStockPrice
|
60.48 | |
CY2019Q1 | msex |
Low Common Stock Price
LowCommonStockPrice
|
51.02 | |
CY2019Q2 | msex |
High Common Stock Price
HighCommonStockPrice
|
63.68 | |
CY2019Q2 | msex |
Low Common Stock Price
LowCommonStockPrice
|
52.51 | |
CY2019Q3 | msex |
High Common Stock Price
HighCommonStockPrice
|
66.10 | |
CY2019Q3 | msex |
Low Common Stock Price
LowCommonStockPrice
|
55.30 | |
CY2019Q4 | msex |
High Common Stock Price
HighCommonStockPrice
|
67.69 | |
CY2019Q4 | msex |
Low Common Stock Price
LowCommonStockPrice
|
58.75 | |
CY2018Q1 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
31177000 | USD |
CY2018Q2 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
34919000 | USD |
CY2018Q3 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
38713000 | USD |
CY2018Q4 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
33268000 | USD |
CY2018 | us-gaap |
Regulated And Unregulated Operating Revenue
RegulatedAndUnregulatedOperatingRevenue
|
138077000 | USD |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
6350000 | USD |
CY2018Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
10721000 | USD |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
12918000 | USD |
CY2018Q4 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
7153000 | USD |
CY2018 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
37142000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4494000 | USD |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8675000 | USD |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12290000 | USD |
CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
6993000 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
32452000 | USD |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.27 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.52 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.75 | |
CY2018Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.43 | |
CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.97 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.27 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.52 | |
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.74 | |
CY2018Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.43 | |
CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.96 | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2238 | |
CY2018Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2238 | |
CY2018Q3 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2238 | |
CY2018Q4 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.2400 | |
CY2018Q1 | msex |
High Common Stock Price
HighCommonStockPrice
|
41.45 | |
CY2018Q1 | msex |
Low Common Stock Price
LowCommonStockPrice
|
33.96 | |
CY2018Q2 | msex |
High Common Stock Price
HighCommonStockPrice
|
45.24 | |
CY2018Q2 | msex |
Low Common Stock Price
LowCommonStockPrice
|
34.74 | |
CY2018Q3 | msex |
High Common Stock Price
HighCommonStockPrice
|
49.00 | |
CY2018Q3 | msex |
Low Common Stock Price
LowCommonStockPrice
|
41.77 | |
CY2018Q4 | msex |
High Common Stock Price
HighCommonStockPrice
|
60.31 | |
CY2018Q4 | msex |
Low Common Stock Price
LowCommonStockPrice
|
43.12 |