Document and Entity Information - shares |
9 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Oct. 31, 2016 |
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| Document Document And Entity Information [Abstract] | ||
| Entity Registrant Name | CHESAPEAKE UTILITIES CORP | |
| Trading Symbol | CPK | |
| Entity Central Index Key | 0000019745 | |
| Current Fiscal Year End Date | --12-31 | |
| Entity Filer Category | Large Accelerated Filer | |
| Document Type | 10-Q | |
| Document Period End Date | Sep. 30, 2016 | |
| Document Fiscal Year Focus | 2016 | |
| Document Fiscal Period Focus | Q3 | |
| Amendment Flag | false | |
| Entity Common Stock, Shares Outstanding | 16,301,161 |
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- Definition Document Document and Entity Information [Abstract] No definition available.
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- Definition If the value is true, then the document is an amendment to previously-filed/accepted document. No definition available.
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- Definition End date of current fiscal year in the format --MM-DD. No definition available.
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- Definition This is focus fiscal period of the document report. For a first quarter 2006 quarterly report, which may also provide financial information from prior periods, the first fiscal quarter should be given as the fiscal period focus. Values: FY, Q1, Q2, Q3, Q4, H1, H2, M9, T1, T2, T3, M8, CY. No definition available.
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- Definition This is focus fiscal year of the document report in CCYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006. No definition available.
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- Definition The end date of the period reflected on the cover page if a periodic report. For all other reports and registration statements containing historical data, it is the date up through which that historical data is presented. If there is no historical data in the report, use the filing date. The format of the date is CCYY-MM-DD. No definition available.
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- Definition The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word "Other". No definition available.
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- Definition A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument. No definition available.
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- Definition Indicate whether the registrant is one of the following: (1) Large Accelerated Filer, (2) Accelerated Filer, (3) Non-accelerated Filer, (4) Smaller Reporting Company (Non-accelerated) or (5) Smaller Reporting Accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure. No definition available.
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- Definition The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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Condensed Consolidated Statements of Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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| Operating Revenues | ||||
| Regulated Energy | $ 70,019 | $ 63,796 | $ 226,630 | $ 235,438 |
| Unregulated Energy and other | 38,329 | 28,117 | 130,356 | 119,238 |
| Total Operating Revenues | 108,348 | 91,913 | 356,986 | 354,676 |
| Operating Expenses | ||||
| Regulated Energy cost of sales | 24,644 | 23,161 | 81,184 | 101,414 |
| Unregulated Energy and other cost of sales | 28,183 | 17,959 | 85,142 | 73,465 |
| Operations | 30,126 | 26,388 | 85,370 | 79,522 |
| Maintenance | 3,542 | 2,603 | 8,925 | 8,033 |
| Gain from a settlement | 0 | 0 | (130) | (1,500) |
| Depreciation and amortization | 8,209 | 7,636 | 23,493 | 22,155 |
| Other taxes | 3,488 | 3,257 | 10,725 | 10,000 |
| Total Operating Expenses | 98,192 | 81,004 | 294,709 | 293,089 |
| Operating Income | 10,156 | 10,909 | 62,277 | 61,587 |
| Other (expense) income, net | (28) | 36 | (68) | (3) |
| Interest charges | 2,722 | 2,492 | 7,996 | 7,425 |
| Income Before Income Taxes | 7,406 | 8,453 | 54,213 | 54,159 |
| Income taxes | 2,990 | 3,334 | 21,401 | 21,638 |
| Net Income | $ 4,416 | $ 5,119 | $ 32,812 | $ 32,521 |
| Weighted Average Common Shares Outstanding: | ||||
| Basic (shares) | 15,372,413 | 15,258,819 | 15,324,932 | 15,035,569 |
| Diluted (shares) | 15,412,783 | 15,306,843 | 15,365,955 | 15,083,641 |
| Earnings Per Share of Common Stock: | ||||
| Basic (in dollars per share) | $ 0.29 | $ 0.34 | $ 2.14 | $ 2.16 |
| Diluted (in dollars per share) | 0.29 | 0.33 | 2.14 | 2.16 |
| Cash Dividends Declared Per Share of Common Stock (in dollars per share) | $ 0.3050 | $ 0.2875 | $ 0.8975 | $ 0.845 |
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- Definition Cash received from a settlement agreement related to a gain contingency No definition available.
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- Definition Operations. No definition available.
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- Definition Regulated energy cost of sales No definition available.
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- Definition Unregulated energy and other cost of sales No definition available.
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Costs incurred and are directly related to generating maintenance revenues. Also includes cost of maintenance on client contracts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- References No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The total amount of regulated operating revenues recognized during the period. No definition available.
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of tax expense classified as other. No definition available.
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- Definition The amount of unregulated operating revenues recognized during the period. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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| Statement of Comprehensive Income [Abstract] | ||||
| Net Income | $ 4,416 | $ 5,119 | $ 32,812 | $ 32,521 |
| Other Comprehensive Income (Loss), net of tax: | ||||
| Amortization of prior service cost, net of tax of $(8), $(7), $(23) and $(20), respectively | (12) | (10) | (37) | (30) |
| Net gain, net of tax of $66, $62, $200 and $187, respectively | 100 | 93 | 300 | 278 |
| Cash Flow Hedges, net of tax: | ||||
| Unrealized gain (loss) on commodity contract cash flow hedges, net of tax of $38, $(51), $360 and $(29), respectively | 51 | (75) | 548 | (43) |
| Total Other Comprehensive Income | 139 | 8 | 811 | 205 |
| Comprehensive Income | $ 4,555 | $ 5,127 | $ 33,623 | $ 32,726 |
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- Definition Commodity Contract Cash Flow Hedges [Abstract] No definition available.
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after tax of increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Condensed Consolidated Statements of Comprehensive Income (Unaudited) (Parenthetical) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
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| Statement of Comprehensive Income [Abstract] | ||||
| Amortization of prior service cost, tax | $ (8) | $ (7) | $ (23) | $ (20) |
| Net gain, tax | 66 | 62 | 200 | 187 |
| Unrealized loss on commodity contract cash flow hedges, tax | $ 38 | $ (51) | $ 360 | $ (29) |
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- Definition Amount of tax (expense) benefit of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax expense (benefit) of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of tax expense (benefit), before reclassification adjustments, related to increase (decrease) in accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's increase (decrease) in deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Accrued revenue. No definition available.
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- Definition Total deferred charges and other assets No definition available.
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- Definition Deferred Charges and Other Assets. No definition available.
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- Definition Receivables and other deferred charges No definition available.
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- Definition Unregulated energy. No definition available.
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- Definition Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable after twelve months or beyond the next operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of accumulated depreciation, depletion and amortization for physical assets used in the normal conduct of business to produce goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition This element represents the total consolidated (as applicable) capitalization of the entity which is comprised of its long-term debt and equity instruments. The table may be detailed by subsidiary (legal entity) and include information by type of debt or equity detailed by instrument. No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The value of a trust established to hold the stock of an employee compensation and benefits plan as of the balance sheet date. No definition available.
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- Definition Amount of structure or a modification to a structure under construction. Includes recently completed structures or modifications to structures that have not been placed into service. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The current portion of aggregate prepayments received from customers for goods or services to be provided in the future, as well as the current portion of money or property received from customers that are to be returned upon satisfactory contract completion or as partial prepayment for goods or services to be provided in the future. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total carrying amount as of the balance sheet date of unearned revenue or income, not otherwise specified in the taxonomy, which is expected to be taken into income in future periods and obligations not separately disclosed in the balance sheet (other liabilities). No definition available.
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- References No definition available.
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences, with jurisdictional netting and classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of the carrying values as of the balance sheet date of obligations incurred through that date and payable for obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Current liabilities attributable to energy marketing activities (trading activities). Current energy marketing (trading activities) are when entities engage in both financial and physical trading to increase profits, manage their commodity price risk and enhance system reliability. They may trade electricity, coal, natural gas and oil. These entities typically use a variety of financial instruments, including forward contracts, options and swaps. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of the asset arising from energy trading activities that involves the purchase and sale of energy under forward contracts at fixed and variable prices and the buying and selling of financial energy contracts that include exchange futures and options and over the counter options and swaps, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of natural gas in storage, which is a mixture of gases (liquefied or otherwise), used for fuel and manufacturing purposes, which is ready for sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of product derived from petroleum during the processing of oil or natural gas which is then used as a heat source or fuel. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount due within one year of the balance sheet date (or one operating cycle, if longer) from tax authorities as of the balance sheet date representing refunds of overpayments or recoveries based on agreed-upon resolutions of disputes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Sum of the carrying amounts of all intangible assets, excluding goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying value as of the balance sheet date of [accrued] interest payable on all forms of debt, including trade payables, that has been incurred and is unpaid. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of expenses incurred but not yet paid classified as other, due within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before valuation and LIFO reserves of other inventory expected to be sold, or consumed within one year or operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of liabilities classified as other, due after one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition This represents the noncurrent liability for underfunded plans recognized in the balance sheet that is associated with the defined benefit pension plans and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount before accumulated depreciation, depletion and amortization of other physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period end amount of total gross PPE. No definition available.
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are expected to be recovered through revenue sources within one year or the normal operating cycle, if longer. Such costs are capitalized if they meet both of the following criteria: a. It is probable that future revenue in an amount at least equal to the capitalized cost will result from inclusion of that cost in allowable costs for rate-making purposes. b. Based on available evidence, the future revenue will be provided to permit recovery of the previously incurred cost rather than to provide for expected levels of similar future costs. If the revenue will be provided through an automatic rate-adjustment clause, this criterion requires that the regulator's intent clearly be to permit recovery of the previously incurred cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of capitalized costs of regulated entities that are not expected to be recovered through revenue sources within one year or the normal operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount for the individual regulatory current liability as itemized in a table of regulatory current liabilities as of the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount for the individual regulatory noncurrent liability as itemized in a table of regulatory noncurrent liabilities as of the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cumulative amount of the reporting entity's undistributed earnings or deficit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Reflects the total carrying amount as of the balance sheet date of debt having initial terms less than one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount allocated to treasury stock. Treasury stock is common and preferred shares of an entity that were issued, repurchased by the entity, and are held in its treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Statement of Financial Position [Abstract] | ||
| Allowance for uncollectible accounts | $ 792 | $ 909 |
| Common stock, par value (in dollars per share) | $ 0.4867 | $ 0.4867 |
| Common stock, shares authorized (shares) | 25,000,000 | 25,000,000 |
| Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 |
| Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
| Preferred Stock, Shares Issued | 0 | 0 |
| X | ||||||||||
- Definition A valuation allowance for trade and other receivables due to an Entity within one year (or the normal operating cycle, whichever is longer) that are expected to be uncollectible. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Face amount or stated value per share of common stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of common shares permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands |
9 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Operating Activities | ||
| Net Income | $ 32,812 | $ 32,521 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 23,493 | 22,155 |
| Depreciation and accretion included in other costs | 5,357 | 5,280 |
| Deferred income taxes, net | 12,004 | (1,155) |
| Realized gain on commodity contracts/sale of assets/investments | (405) | (411) |
| Unrealized (gain) loss on investments/commodity contracts | (243) | 60 |
| Employee benefits and compensation | 1,217 | 901 |
| Share-based compensation | 1,887 | 1,445 |
| Other, net | 42 | 13 |
| Changes in assets and liabilities: | ||
| Accounts receivable and accrued revenue | (3,835) | 21,898 |
| Propane inventory, storage gas and other inventory | (2,179) | 3,166 |
| Regulatory assets/liabilities, net | (3,326) | 6,467 |
| Prepaid expenses and other current assets | 485 | (159) |
| Accounts payable and other accrued liabilities | 3,679 | (9,897) |
| Income taxes receivable | 14,897 | 14,883 |
| Customer deposits and refunds | (314) | (1,177) |
| Accrued compensation | (2,293) | (1,406) |
| Other assets and liabilities, net | (1,053) | (652) |
| Net cash provided by operating activities | 82,225 | 93,932 |
| Investing Activities | ||
| Property, plant and equipment expenditures | (106,851) | (97,299) |
| Proceeds from sales of assets | 119 | 109 |
| Acquisitions, net of cash acquired | 0 | (20,930) |
| Environmental expenditures | (260) | (113) |
| Net cash used in investing activities | (106,992) | (118,233) |
| Financing Activities | ||
| Common stock dividends | (12,964) | (11,725) |
| Issuance of stock for Dividend Reinvestment Plan | 600 | 633 |
| Stock issuance | 57,306 | 0 |
| Change in cash overdrafts due to outstanding checks | 2,466 | 2,964 |
| Net (repayment) borrowing under line of credit agreements | (21,379) | 35,898 |
| Repayment of long-term debt and capital lease obligation | (2,581) | (4,262) |
| Net cash provided by financing activities | 23,448 | 23,508 |
| Net Decrease in Cash and Cash Equivalents | (1,319) | (793) |
| Cash and Cash Equivalents—Beginning of Period | 2,855 | 4,574 |
| Cash and Cash Equivalents—End of Period | $ 1,536 | $ 3,781 |
| X | ||||||||||
- Definition Depreciation and accretion included in other costs No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Costs and payments related to employee benefits and equity-based compensation, such as pension expense and contributions, other postretirement benefits expense and payments, stock or unit options expense, and amortization of restricted stock or unit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in amount due within one year (or one business cycle) from customers for the credit sale of goods and services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the period in the amount of customer money held in customer accounts, including security deposits, collateral for a current or future transactions, initial payment of the cost of acquisition or for the right to enter into a contract or agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate amount of obligations related to services received from employees, such as accrued salaries and bonuses, payroll taxes and fringe benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in income taxes receivable, which represents the amount due from tax authorities for refunds of overpayments or recoveries of income taxes paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the aggregate value of all inventory held by the reporting entity, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of increase (decrease) in operating assets after deduction of operating liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The change in cash during the period due to the net increase or decrease in outstanding checks, the liability that represents checks that have been issued but that have not cleared. The entity may classify these cash flows as financing or operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The increase (decrease) during the reporting period in the value of assets that are created when regulatory agencies permits public utilities to defer costs (revenues) to the balance sheet. This element is a the increase (decrease) of regulatory assets and liabilities combined. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of income (expense) included in net income that results in no cash inflow (outflow), classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Cash outflows made during the period for environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of cash outflow in the form of ordinary dividends to common shareholders of the parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of a business, net of the cash acquired from the purchase. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net cash inflow or cash outflow from a contractual arrangement with the lender, including letter of credit, standby letter of credit and revolving credit arrangements, under which borrowings can be made up to a specific amount at any point in time with either short term or long term maturity that is collateralized (backed by pledge, mortgage or other lien in the entity's assets). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net cash inflow or outflow resulting from the entity's share transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the sale of property, plant and equipment (capital expenditures), software, and other intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow for debt initially having maturity due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The aggregate amount of noncash, equity-based employee remuneration. This may include the value of stock or unit options, amortization of restricted stock or units, and adjustment for officers' compensation. As noncash, this element is an add back when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of open agreements to purchase or sell mineral resources, energy, and agricultural products at some future point held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Condensed Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($) $ in Thousands |
Total |
Common Stock [Member] |
Additional Paid-In Capital [Member] |
Retained Earnings [Member] |
Accumulated Other Comprehensive Loss [Member] |
Deferred Compensation [Member] |
Treasury Stock [Member] |
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Beginning Balances (shares) at Dec. 31, 2014 | [1] | 14,588,711 | |||||||||||||||||||
| Beginning Balances at Dec. 31, 2014 | $ 300,322 | [2] | $ 7,100 | $ 156,581 | $ 142,317 | $ (5,676) | $ 1,258 | $ (1,258) | |||||||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||
| Net Income | 41,140 | 41,140 | |||||||||||||||||||
| Other comprehensive loss | (164) | (164) | |||||||||||||||||||
| Dividend declared ($1.1325 per share) | (17,222) | (17,222) | |||||||||||||||||||
| Retirement savings plan and dividend reinvestment plan (shares) | 43,275 | ||||||||||||||||||||
| Retirement savings plan and dividend reinvestment plan | 2,235 | $ 21 | 2,214 | ||||||||||||||||||
| Common stock issued in acquisition (shares) | 592,970 | ||||||||||||||||||||
| Common stock issued in acquisition | 30,165 | $ 289 | 29,876 | ||||||||||||||||||
| Share-based compensation (shares) | [3],[4] | 45,703 | |||||||||||||||||||
| Share-based compensation and tax benefit | 1,662 | [4] | $ 22 | [3] | 1,640 | [3] | |||||||||||||||
| Treasury stock activities | 0 | 625 | (625) | ||||||||||||||||||
| Ending Balances (shares) at Dec. 31, 2015 | [1] | 15,270,659 | |||||||||||||||||||
| Ending Balances at Dec. 31, 2015 | $ 358,138 | [2] | $ 7,432 | 190,311 | 166,235 | (5,840) | 1,883 | (1,883) | |||||||||||||
| Preferred Stock, Shares Authorized | 2,000,000 | ||||||||||||||||||||
| Preferred Stock, Par or Stated Value Per Share | $ 0.01 | ||||||||||||||||||||
| Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||
| Net Income | $ 32,812 | 32,812 | |||||||||||||||||||
| Other comprehensive loss | 811 | 811 | |||||||||||||||||||
| Dividend declared ($1.1325 per share) | (13,852) | (13,852) | |||||||||||||||||||
| Retirement savings plan and dividend reinvestment plan (shares) | 30,041 | ||||||||||||||||||||
| Retirement savings plan and dividend reinvestment plan | $ 1,874 | $ 15 | 1,859 | ||||||||||||||||||
| Stock issuance, shares | 960,488.00 | 960,488 | [5] | ||||||||||||||||||
| Stock issuance | $ 57,306 | $ 467 | [5] | 56,839 | |||||||||||||||||
| Share-based compensation (shares) | [3],[4] | 36,099 | |||||||||||||||||||
| Share-based compensation and tax benefit | 1,211 | [4] | $ 18 | [3] | 1,193 | [3] | |||||||||||||||
| Treasury stock activities | 0 | 593 | (593) | ||||||||||||||||||
| Ending Balances (shares) at Sep. 30, 2016 | [1] | 16,297,287 | |||||||||||||||||||
| Ending Balances at Sep. 30, 2016 | $ 438,300 | [2] | $ 7,932 | $ 250,202 | $ 185,195 | $ (5,029) | $ 2,476 | $ (2,476) | |||||||||||||
| Preferred Stock, Shares Authorized | 2,000,000 | ||||||||||||||||||||
| Preferred Stock, Par or Stated Value Per Share | $ 0.01 | ||||||||||||||||||||
| |||||||||||||||||||||
| X | ||||||||||
- Definition Stock Issued During The Period Shares Retirement Savings Plan And Dividend Reinvestment Plan No definition available.
|
| X | ||||||||||
- Definition Stock Issued During The Period Value Retirement Savings Plan And Dividend Reinvestment Plan No definition available.
|
| X | ||||||||||
- Definition Treasury Stock Activity And Deferred Compensation Plan Activity During Period Value No definition available.
|
| X | ||||||||||
- Definition Amount of paid and unpaid cash, stock, and paid-in-kind (PIK) dividends declared, for example, but not limited to, common and preferred stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of stock issued as of the balance sheet date, including shares that had been issued and were previously outstanding but which are now held in the treasury. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of stock issued during the period pursuant to acquisitions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of any shares forfeited. Shares issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of stock issued pursuant to acquisitions during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of stock (or other type of equity) issued during the period as a result of any equity-based compensation plan other than an employee stock ownership plan (ESOP), net of stock value of such awards forfeited. Stock issued could result from the issuance of restricted stock, the exercise of stock options, stock issued under employee stock purchase plans, and/or other employee benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Condensed Consolidated Statements of Stockholders' Equity (Parenthetical) (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended |
|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2016 |
Dec. 31, 2015 |
|
| Statement of Stockholders' Equity [Abstract] | |||
| Dividend declared (in dollars per share) | $ 0.3050 | $ 0.8975 | $ 1.1325 |
| Deferred compensation plan held Rabbi Trust (shares) | 80,024 | 80,024 | 70,631 |
| Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 | 2,000,000 |
| Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | $ 0.01 |
| Stock Issued During Period, Shares, New Issues | 960,488.00 | ||
| Stock Issued During Period, Value, Other | $ 62.26 | ||
| Proceeds from Issuance of Common Stock | $ 57,306,000 | ||
| Shares issued under the performance incentive plan withheld for employee taxes (shares) | 12,031 | 12,620 |
| X | ||||||||||
- Definition Deferred compensation plan held Rabbi Trust. No definition available.
|
| X | ||||||||||
- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition For net-share settlement of share-based awards when the employer settles employees' income tax withholding obligations, this element represents the number of shares the employees use to repay the employer. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
|
Summary of Accounting Policies |
9 Months Ended |
|---|---|
Sep. 30, 2016 | |
| Accounting Policies [Abstract] | |
| Summary of Accounting Policies | Summary of Accounting Policies Basis of Presentation References in this document to the “Company,” “Chesapeake Utilities,” “we,” “us” and “our” are intended to mean Chesapeake Utilities Corporation, its divisions and/or its subsidiaries, as appropriate in the context of the disclosure. The accompanying unaudited condensed consolidated financial statements have been prepared in compliance with the rules and regulations of the SEC and GAAP. In accordance with these rules and regulations, certain information and disclosures normally required for audited financial statements have been condensed or omitted. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto, included in our latest Annual Report on Form 10-K for the year ended December 31, 2015. In the opinion of management, these financial statements reflect normal recurring adjustments that are necessary for a fair presentation of our results of operations, financial position and cash flows for the interim periods presented. Due to the seasonality of our business, results for interim periods are not necessarily indicative of results for the entire fiscal year. Revenue and earnings are typically greater during the first and fourth quarters, when consumption of energy is highest due to colder temperatures. We reclassified certain amounts in the condensed consolidated balance sheet as of December 31, 2015. We have revised the condensed consolidated statement of cash flows for the nine months ended September 30, 2015 to reflect only property, plant and equipment expenditures paid in cash within the Investing Activities section. The non-cash expenditures previously included in that section have now been included in the change in accounts payable and other accrued liabilities amount within the Operating Activities section. These revisions are considered immaterial to the overall presentation of our condensed consolidated financial statements. On September 22, 2016, we completed a public offering of 960,488 shares of our common stock at a price per share of $62.26. The net proceeds from the sale of common stock, after deducting underwriting commissions and expenses, were approximately $57.3 million, which were added to our general funds and used primarily to repay a portion of our short-term debt under unsecured lines of credit. FASB Statements and Other Authoritative Pronouncements Recently Adopted Accounting Standards Interest - Imputation of Interest (ASC 835-30) - In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. This standard requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. ASU 2015-03 became effective for us on January 1, 2016, and we applied the provisions of this standard on a retrospective basis. As a result of the adoption of this standard, debt issuance costs totaling $301,000 and $333,000 at September 30, 2016 and December 31, 2015, respectively, previously presented as other deferred charges, a non-current asset, are now presented as a deduction from long-term debt, net of current maturities, in our condensed consolidated balance sheets. Intangibles-Goodwill and Other-Internal-Use Software (ASC 350-40) - In April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement. Under the new standard, unless a software arrangement includes specific elements enabling customers to possess and operate software on platforms other than that offered by the cloud-based provider, the cost of such arrangements is to be accounted for as an operating expense in the period incurred. ASU 2015-05 became effective for us on January 1, 2016, and has been applied on a prospective basis. The standard did not have a material impact on our financial position or results of operations. Interest-Imputation of Interest (ASC 835-30) - In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. This standard clarifies treatment of debt issuance costs associated with line-of-credit arrangements that were not specifically addressed in ASU 2015-03. Issuance costs incurred in connection with line-of-credit arrangements may be treated as an asset and amortized over the term of the line-of-credit arrangement. ASU 2015-15 became effective for us on January 1, 2016. The standard did not have a material impact on our financial position or results of operations. Business Combinations (ASC 805) - In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments. The standard eliminates the requirement to restate prior period financial statements for measurement period adjustments and requires that the cumulative impact of a measurement-period adjustments (including the impact of prior periods) be recognized in the reporting period in which the adjustment is identified. ASU 2015-16 was effective for our interim and annual financial statements issued after January 1, 2016 and was adopted on a prospective basis. Adoption of this standard did not have a material impact on our financial position or results of operations. Income Taxes (ASC 740) - In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes, which requires all deferred assets and liabilities along with any related valuation allowance to be classified as noncurrent on the balance sheet for our annual financial statements beginning January 1, 2017 and for our interim financial statements beginning January 1, 2018; however, early adoption is permitted. We adopted this standard in the first quarter of 2016 on a retrospective basis and adjusted the December 31, 2015 balance sheet by eliminating the current deferred income taxes asset and decreasing the noncurrent deferred income taxes liability by $831,000. Recent Accounting Standards Yet to be Adopted Revenue from Contracts with Customers (ASC 606) - In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This standard provides a single comprehensive revenue recognition model for all contracts with customers to improve comparability within industries, as well as across industries and capital markets. The standard contains principles that entities will apply to determine the measurement of revenue and when it is recognized. In March 2016, FASB issued ASU 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), to clarify the implementation guidance on principal versus agent considerations. For public entities, this standard is effective for 2018 interim and annual financial statements. We have engaged a third party to review our contracts with customers and to aid in assessing the impact this standard may have on our financial position and results of operations. Inventory (ASC 330) - In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. Under this guidance, inventories are required to be measured at the lower of cost or net realizable value. Net realizable value represents the estimated selling price less costs associated with completion, disposal and transportation. ASU 2015-11 will be effective for our interim and annual financial statements issued beginning January 1, 2017; however, early adoption is permitted. The standard is to be adopted on a prospective basis. We are assessing the impact this standard may have on our financial position and results of operations. Leases (ASC 842) - In February 2016, the FASB issued ASU 2016-02, Leases, which provides updated guidance regarding accounting for leases. This update requires a lessee to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. ASU 2016-02 will be effective for our annual and interim financial statements beginning January 1, 2019, although early adoption is permitted. This update will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We are evaluating the effect of this update on our financial position and results of operations. Compensation-Stock Compensation (ASC 718) - In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, and classification in the statement of cash flows. ASU 2016-09 will be effective for our annual and interim financial statements beginning January 1, 2017, although early adoption is permitted. The amendments included in this update are to be applied prospectively except for changes impacting the presentation of the cash flow statement that can be applied prospectively or retrospectively. We are evaluating the effect of this update on our financial position and results of operations. Statement of Cash Flows (ASC 230) - On August 26, 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments, which clarifies how certain transactions are classified in the statement of cash flows. ASU 2016-15 will be effective for our annual and interim financial statements beginning January 1, 2018, although early adoption is permitted. We are assessing the impact of the adoption of this ASU on our statements of cash flows. |
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- Definition The entire disclosure for all significant accounting policies of the reporting entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Calculation of Earnings Per Share |
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| Calculation of Earnings Per Share | Calculation of Earnings Per Share
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- Definition The entire disclosure for earnings per share. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions |
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| Acquisitions | Acquisitions Gatherco Merger On April 1, 2015, we completed the merger in which Gatherco merged with and into Aspire Energy, our then newly formed, wholly-owned subsidiary. Aspire Energy is an unregulated natural gas infrastructure company with approximately 2,500 miles of pipeline systems in 40 counties throughout Ohio. The majority of Aspire Energy’s margin is derived from long-term supply agreements with Columbia Gas of Ohio and Consumers Gas Cooperative, which together serve more than 20,000 end-use customers. Aspire Energy sources gas primarily from 300 conventional producers. Aspire Energy also provides gathering and processing services so that it can maintain service quality and reliability for its wholesale markets. At closing, we issued 592,970 shares of our common stock, valued at $30.2 million, based on the closing price of our common stock as reported on the NYSE on April 1, 2015. In addition, we paid $27.5 million in cash and assumed $1.7 million of outstanding Gatherco debt, which we paid off on the closing date. We also acquired $6.8 million of cash on hand at closing.
The merger agreement provided for additional contingent cash consideration to Gatherco's shareholders of up to $15.0 million based on a percentage of revenue generated from potential new gathering opportunities during the five-year period following the closing. As of September 30, 2016, there have been no related gathering opportunities developed; therefore, no contingent consideration liability has been recorded. Based on the absence of related gathering opportunities being developed as of September 30, 2016, we are unable to estimate the range of undiscounted contingent liability outcomes at this time. We incurred $1.3 million in transaction costs associated with this merger of which we incurred $786,000 in 2014 and the remaining $514,000 in 2015. Transaction costs were included in operations expense in the accompanying condensed consolidated statements of income. The revenue and net loss from this merger for the three months ended September 30, 2016, included in our condensed consolidated statements of income, were $5.6 million and $563,000, respectively. The revenue and net income from this merger for the nine months ended September 30, 2016, included in our condensed consolidated statements of income, were $18.4 million and $1.1 million, respectively. This merger was accretive to earnings per share in the first full year of operations, generating $0.03 in additional earnings per share for such period. The purchase price allocation of the Gatherco merger was as follows:
The excess of the purchase price over the estimated fair values of the assets acquired and the liabilities assumed was recognized as goodwill at the merger date. The goodwill primarily reflects the value paid for opportunities for growth in a new, strategic geographic area. All of the goodwill from this merger was recorded in the Unregulated Energy segment and is not expected to be deductible for income tax purposes. In December 2015 and during the first quarter of 2016, we adjusted the allocation of the purchase price based on additional information available. The adjustments resulted in a change in the fair value of property, plant and equipment, deferred income tax liabilities, inventory, income taxes receivable and other current liabilities. Goodwill from the merger decreased from $11.1 million to $10.1 million after incorporating these adjustments. The allocation of the purchase price and valuation of assets are final. The valuation of additional contingent cash consideration may be adjusted as additional information becomes available. |
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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Rates and Other Regulatory Activities |
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Sep. 30, 2016 | |
| Regulated Operations [Abstract] | |
| Rates and Other Regulatory Activities | Rates and Other Regulatory Activities Our natural gas and electric distribution operations in Delaware, Maryland and Florida are subject to regulation by their respective PSC; Eastern Shore, our natural gas transmission subsidiary, is subject to regulation by the FERC; and Peninsula Pipeline, our intrastate pipeline subsidiary, is subject to regulation by the Florida PSC. Chesapeake Utilities' Florida natural gas distribution division and FPU’s natural gas and electric distribution operations continue to be subject to regulation by the Florida PSC as separate entities. Delaware Rate Case Filing: On December 21, 2015, our Delaware Division filed an application with the Delaware PSC for a base rate increase and certain other changes to its tariff. We proposed an increase of approximately $4.7 million, or nearly ten percent, in our revenue requirement based on the test period ending March 31, 2016. We also proposed new service offerings to promote growth and a revenue normalization mechanism for residential and small commercial customers. We expect a decision on the application during the first quarter of 2017. Pending the decision, our Delaware Division increased rates on an interim basis based on the $2.5 million annualized interim rates approved by the Delaware PSC, effective February 19, 2016 ("Phase I"). We recognized incremental revenue of approximately $469,000 ($280,000 net of tax) and $1.4 million ($817,000 net of tax) for the three and nine months ended September 30, 2016, respectively. In addition, our Delaware Division requested and received approval on July 26, 2016, from the Delaware PSC to implement revised interim rates totaling $4.7 million (equal to the initial rate increase in our application) annualized for usage on and after August 1, 2016 ("Phase II"). These revised interim rates represent a five-percent increase over Phase I rates. Revenue associated with these rates collected prior to a final Delaware PSC decision is subject to refund and, although the final decision is expected during the first quarter of 2017, we cannot predict the revenue requirement the Delaware PSC will ultimately authorize or forecast the timing of a final decision. Consequently, we will not recognize the impact of the potential additional revenue related to the Phase II rate increase until the Delaware PSC issues its approval in a final ruling. Maryland Sandpiper Rate Case Filing: On December 1, 2015, Sandpiper filed an application with the Maryland PSC for a base rate increase and certain other changes to its tariff. We proposed an increase of $950,000, or approximately five- percent, in our revenue requirement, based on the test period ended December 31, 2015. We also proposed a stratification of rate classes, based on cost of service, and a revenue normalization mechanism for residential and small commercial customers. The procedural schedule was suspended in early May 2016 to allow for the continuation of settlement discussions between Sandpiper, Maryland PSC Staff and the Maryland Office of People's Counsel. The parties reached a settlement agreement, which Sandpiper filed with the Commission on August 10, 2016. The terms of the agreement include revenue neutral rates for the first year, followed by a schedule of rate reductions in subsequent years based upon the projected rate of propane to natural gas conversions. A revenue normalization mechanism and stratification of rate classes were also included in the settlement agreement. On September 28, 2016, the Public Utility Law Judge issued a proposed order recommending approval of the settlement terms. The order became final on October 29, 2016 and the new rates will be in effect on December 1, 2016. Florida On September 1, 2015, FPU’s electric division filed to recover the cost of the proposed Florida Power & Light Company interconnect project through FPU's annual Fuel and Purchased Power Cost Recovery Clause filing. The interconnect project will enable FPU's electric division to negotiate a new power purchase agreement that will mitigate fuel costs for its Northeast division. This action was approved by the Florida PSC at its Agenda Conference held on December 3, 2015. On January 22, 2016, the Office of Public Counsel filed an appeal of the Florida PSC's decision with the Florida Supreme Court. Legal briefs have been filed, but no decision has been reached at this time. On February 2, 2016, FPU’s natural gas division filed a petition with the Florida PSC for approval of an amendment to its existing transportation agreement with the City of Lake Worth, located in Palm Beach County, Florida. The amendment allows the city to resell natural gas distributed by FPU to the city’s compressed natural gas station. The city will then resell the natural gas, after compression, to its customers. The amendment to the transportation agreement was approved by the Florida PSC at its Agenda Conference held April 5, 2016. On April 11, 2016, FPU’s natural gas divisions and Chesapeake Utilities' Florida division filed a joint petition for approval to allow FPU and Chesapeake Utilities to expand the cost allocation of the intrastate and unreleased capacity-related components currently embedded in the purchased gas adjustment and operational balancing account, which is currently allocated to a limited number of customers. The expanded allocation of these costs includes additional customers, primarily transportation customers, benefiting from these costs but not currently paying for them. This petition was approved by the Florida PSC at its Agenda Conference in September 2016. Eastern Shore White Oak Mainline Expansion Project: On November 21, 2014, Eastern Shore submitted an application to the FERCseeking authorization to construct, own and operate certain expansion facilities designed to provide 45,000 Dts/d of firm transportation service to an electric power generator in Kent County, Delaware. Eastern Shore proposes to construct approximately 7.2 miles of 16-inch diameter pipeline looping in Chester County, Pennsylvania and 3,550 horsepower of additional compression at Eastern Shore’s existing Delaware City compressor station in New Castle County, Delaware. On November 18, 2015, Eastern Shore filed an amendment to this application, which indicated the preferred pipeline route and shortened the total miles of the proposed pipeline to 5.4 miles. On February 10, 2016, the FERC issued a notice combining the White Oak Mainline Expansion Project and the System Reliability Project into a single environmental assessment. On July 21, 2016, the FERC issued a certificate of public convenience and necessity authorizing Eastern Shore to construct and operate the proposed White Oak Mainline Project. The FERC denied Eastern Shore’s request for a pre-determination of rolled-in rate treatment in the certificate proceeding. However, FERC’s determination is without prejudice to Eastern Shore filing for and fully supporting rolled-in rate treatment of these project facilities in a future general rate case. The certificate required Eastern Shore to comply with 19 environmental conditions. On July 29, 2016, Eastern Shore accepted the certificate of public convenience and necessity and, on August 2, 2016, filed its Implementation Plan to comply with each environmental condition and to request approval to begin construction. On August 4, 2016, the FERC issued a “Notice to Proceed,” and Eastern Shore commenced construction during August 2016. Eastern Shore continues to file weekly status reports in compliance with one of the environmental conditions. System Reliability Project: On May 22, 2015, Eastern Shore submitted an application to the FERC seeking authorization to construct, own and operate approximately 10.1 miles of 16-inch pipeline looping and auxiliary facilities in New Castle and Kent Counties, Delaware and a new compressor at its existing Bridgeville compressor station in Sussex County, Delaware. Eastern Shore further proposed to reinforce critical points on its pipeline system. The total project will benefit all of Eastern Shore’s customers by modifying the pipeline system to respond to severe operational conditions experienced during actual winter peak days in 2014 and 2015. Since the project is intended to improve system reliability, Eastern Shore requested a predetermination of rolled-in rate treatment for the costs of the project. On July 21, 2016, the FERC issued a certificate of public convenience and necessity authorizing Eastern Shore to construct and operate the proposed System Reliability Project. The FERC granted Eastern Shore’s request for a pre-determination of rolled-in rate treatment in its next rate base proceeding and required Eastern Shore to comply with 19 environmental conditions. On July 29, 2016, Eastern Shore accepted the certificate and on August 5, 2016 filed its Implementation Plan to comply with each environmental condition and to request approval to begin construction. On August 12, 2016, the FERC issued a “Partial Notice to Proceed” approving construction for certain portions of the System Reliability Project. On September 15, 2016, the FERC granted approval to start construction on the remaining portion of the Project. Construction commenced on the Bridgeville Compressor Station and the Porter Road Loop in August 2016, and on the Dover Loop, in September 2016 and is ongoing. Eastern Shore continues to file weekly status reports in compliance with one of the environmental conditions. TETLP Capacity Expansion Project: On October 13, 2015, Eastern Shore submitted an application to the FERC to make certain measurement and related improvements at its TETLP interconnect facilities, which would enable Eastern Shore to increase natural gas receipts from TETLP by 53,000 Dts/d, for a total capacity of 160,000 Dts/d. On December 22, 2015, the FERC authorized Eastern Shore to proceed with the project. On March 11, 2016, the capacity expansion project was placed into service. 2017 Expansion Project: On May 12, 2016, Eastern Shore submitted a request to the FERC to initiate the FERC’s pre-filing review procedures for Eastern Shore's 2017 expansion project. The expansion project consists of approximately 33 miles of pipeline looping in Pennsylvania, Maryland and Delaware; upgrades to existing metering facilities in Lancaster County, Pennsylvania; installation of an additional 3,550 horsepower compressor unit at Eastern Shore’s existing Daleville compressor station in Chester County, Pennsylvania; and approximately 17 miles of new mainline extension and two pressure control stations in Sussex County, Delaware. The expansion project is necessary to provide up to 86,437 Dts/d of additional firm natural gas transportation capacity to meet anticipated market demand. On May 17, 2016, the FERC approved Eastern Shore’s request to commence the pre-filing review process. Eastern Shore is currently working through the pre-filing process and anticipates filing, in December 2016, its application for a certificate of public convenience and necessity, seeking authorization to construct the expansion facilities. Since the time the pre-filing was initiated, Eastern Shore has finalized market participation for the project. Seven of Eastern Shore’s existing customers have signed Precedent Agreements. As a result, the project will provide 61,162 Dts/d of additional firm natural gas transportation deliverability on Eastern Shore’s pipeline system. To provide this additional capacity, the project’s final facilities will consist of approximately 23 miles of pipeline looping in Pennsylvania, Maryland and Delaware; upgrades to existing metering facilities in Lancaster County, Pennsylvania; installation of an additional 3,550 horsepower compressor unit at Eastern Shore’s existing Daleville compressor station in Chester County, Pennsylvania; and approximately 17 miles of new mainline extension and two pressure control stations in Sussex County, Delaware. 2017 Rate Case Filing In January 2017, Eastern Shore intends to file a base rate proceeding with the FERC, as required by the terms of its 2012 settlement agreement. |
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- Definition The entire disclosure for public utilities. No definition available.
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Environmental Commitments and Contingencies |
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Sep. 30, 2016 | |
| Environmental Remediation Obligations [Abstract] | |
| Environmental Commitments and Contingencies | Environmental Commitments and Contingencies We are subject to federal, state and local laws and regulations governing environmental quality and pollution control. These laws and regulations require us to remove or remediate, at current and former operating sites, the effect on the environment of the disposal or release of specified substances. MGP Sites We have participated in the investigation, assessment or remediation of, and have exposures at, seven former MGP sites. Those sites are located in Salisbury, Maryland, Seaford, Delaware and Winter Haven, Key West, Pensacola, Sanford and West Palm Beach, Florida. We have also been discussing with the MDE another former MGP site located in Cambridge, Maryland. As of September 30, 2016, we had approximately $9.9 million in environmental liabilities, representing our estimate of the future costs associated with all of FPU’s MGP sites in Florida, which include the Key West, Pensacola, Sanford and West Palm Beach sites. FPU has approval to recover, from insurance and from customers through rates, up to $14.0 million of its environmental costs related to all of its MGP sites, approximately $10.5 million of which has been recovered as of September 30, 2016, leaving approximately $3.5 million in regulatory assets for future recovery of environmental costs from FPU’s customers. In addition to the FPU MGP sites, we had $298,000 in environmental liabilities at September 30, 2016, representing our estimate of future costs associated with Chesapeake Utilities' MGP site in Winter Haven, Florida. During the first quarter of 2015, we established $273,000 in environmental liabilities related to Chesapeake Utilities' MGP site in Seaford, Delaware, representing our estimate of future costs associated with this site, and recorded a regulatory asset for the same amount for probable future recovery through Chesapeake Utilities' rates via our environmental rider. On February 23, 2016, the Delaware PSC approved an environmental surcharge for the recovery of Chesapeake Utilities' environmental expenses associated with the Seaford site for the period of October 1, 2014 through September 30, 2015. Chesapeake Utilities will file for recovery of its expenses incurred between October 1, 2015 and September 30, 2016 by October 31, 2016. As of September 30, 2016, we had approximately $156,000 in environmental liabilities and $267,000 in regulatory and other assets related to this site. Environmental liabilities for all of our MGP sites are recorded on an undiscounted basis based on the estimate of future costs provided by independent consultants. We continue to expect that all costs related to environmental remediation and related activities, including any potential future remediation costs for which we do not currently have approval for regulatory recovery, will be recoverable from customers through rates. West Palm Beach, Florida Remedial options are being evaluated to respond to environmental impacts to soil and groundwater at and in the immediate vicinity of a parcel of property owned by FPU in West Palm Beach, Florida, where FPU previously operated a MGP. FPU is implementing a remedial plan approved by the FDEP for the east parcel of the West Palm Beach site, which includes installation of monitoring test wells, sparging of air into the groundwater system and extraction of vapors from the subsurface. The Start-Up and Monitoring Report, dated November 30, 2015, was submitted for review and comment. We received a letter dated January 6, 2016 from FDEP, which provided minor comments. On January 12, 2016, FDEP conducted a facility inspection and found no problems or deficiencies. We expect that similar remedial actions will ultimately be implemented for other portions of the site. Estimated costs of remediation for the West Palm Beach site range from approximately $4.5 million to $15.4 million, including costs associated with the relocation of FPU’s operations at this site, which is necessary to implement the remedial plan, and any potential costs associated with future redevelopment of the properties. Sanford, Florida FPU is the current owner of property in Sanford, Florida, which is the site on which a former MGP that was operated by several other entities before FPU acquired the property. FPU was never an owner or an operator of the MGP previously located on this site. In January 2007, FPU and the Sanford Group signed a Third Participation Agreement, which provides for the funding of the final remedy approved by the EPA for the site. FPU’s share of remediation costs under the Third Participation Agreement is set at five percent of a maximum of $13.0 million, or $650,000. As of September 30, 2016, FPU has paid $650,000 to the Sanford Group escrow account for its entire share of the funding requirements. In December 2014, the EPA issued a preliminary close-out report, documenting the completion of all physical remedial construction activities at the Sanford site. Groundwater monitoring and statutory five-year reviews to ensure performance of the approved remedy will continue on this site. The total cost of the final remedy is estimated to be over $20.0 million, which includes long-term monitoring and the settlement of claims asserted by two adjacent property owners to resolve damages that the property owners allege they have incurred and will incur as a result of the implementation of the EPA-approved remediation. In settlement of these claims, members of the Sanford Group, which in this instance does not include FPU, have agreed to pay specified sums of money to the parties. FPU has refused to participate in the funding of the third-party settlement agreements based on its contention that it did not contribute to the release of hazardous substances at the site giving rise to the third-party claims. FPU advised the other members of the Sanford Group that it is unwilling to pay any sum in excess of the $650,000 paid by FPU under the Third Participation Agreement. The Sanford Group has not requested that FPU contribute to costs beyond the originally agreed upon $650,000 contribution. As of September 30, 2016, FPU’s remaining remediation expenses, including attorneys’ fees and costs, are estimated to be $24,000. We are unable to determine, to a reasonable degree of certainty, whether the other members of the Sanford Group will accept FPU’s asserted defense as to its limited liability for future costs exceeding $13.0 million to implement the final remedy for this site, as provided for in the Third Participation Agreement, or whether the other members of the Sanford Group will pursue a claim against FPU for a sum in excess of the $650,000 that FPU has paid pursuant to the Third Participation Agreement. No such claims have been made as of September 30, 2016. Key West, Florida FPU formerly owned and operated a MGP in Key West, Florida. Field investigations performed in the 1990s identified limited environmental impacts at the site, which is currently owned by an unrelated third party. In 2010, after 17 years of regulatory inactivity, FDEP observed that some soil and groundwater standards were exceeded and requested implementation of additional soil and groundwater fieldwork. The scope of work is limited to the installation of two additional monitoring wells and periodic monitoring of the new and existing wells. The two additional monitoring wells were installed in November 2011, and groundwater monitoring began in December 2011. The first semi-annual report from the monitoring program was issued in May 2012. The data from the June 2012 and September 2012 monitoring events were submitted to the FDEP on October, 2012. FDEP responded on October 9, 2012 that, based on the data, NAM appears to be an appropriate remedy for the site. In October 2012, FDEP issued a RAP approval order, which requires a limited semi-annual NAM. The most recent groundwater-monitoring event was conducted in September 2016. Natural attenuation default criteria were met at all locations sampled and the semi-annual report was submitted on October 4, 2016 with the recommendation that semi-annual monitoring should continue at this facility. The next semi-annual NAM is scheduled for the first quarter of 2017. Although the duration of the FDEP-required limited NAM cannot be determined with certainty, we anticipate that total costs to complete the remedial action will not exceed $50,000. The annual cost to conduct the limited NAM program is not expected to exceed $8,000. Pensacola, Florida FPU formerly owned and operated a MGP in Pensacola, Florida, which was subsequently owned by Gulf Power. Portions of the site are now owned by the City of Pensacola and the FDOT. In October 2009, FDEP informed Gulf Power that it would approve a conditional No Further Action determination for the site with the requirement for institutional and engineering controls. On June 16, 2014, FDEP issued a draft memorandum of understanding between FDOT and FDEP to implement site closure with approved institutional and engineering controls for the site. We anticipate that FPU’s share of remaining legal and cleanup costs will not exceed $5,000. Winter Haven, Florida The Winter Haven site is located on the eastern shoreline of Lake Shipp, in Winter Haven, Florida. Pursuant to a consent order entered into with FDEP, we are obligated to assess and remediate environmental impacts at this former MGP site. Groundwater monitoring results have shown a continuing reduction in contaminant concentrations from the sparging system, which has been in operation since 2002. On September 12, 2014, FDEP issued a letter approving shutdown of the sparging operations on the northern portion of the site, contingent upon continued semi-annual monitoring. Groundwater monitoring results on the southern portion of this site indicate that natural attenuation default criteria continue to be exceeded. Plans to modify the monitoring network on the southern portion of the site in order to collect additional data to support the development of a remedial plan were specified in a letter to FDEP, dated October 17, 2014. The well installation and abandonment program was implemented in October 2014, and documentation was reported in the next semi-annual RAP implementation status report, submitted on January 8, 2015. FDEP approved the plan to expand the bio-sparging operations in the southern portion of the site, and additional sparge points were installed and connected to the operating system in the first quarter of 2016. Although specific remedial actions for the site have not yet been identified, we estimate that future remediation costs for the subsurface soils and groundwater at the site should not exceed $425,000, which includes an estimate of $100,000 to implement additional actions, such as institutional controls, at the site. FDEP previously indicated that we could also be required to remediate sediments along the shoreline of Lake Shipp, immediately west of the site. Based on studies performed to date, and our recent meeting with FDEP, we believe that corrective measures for lake sediments are not warranted and will not be required by FDEP. Therefore, we have not recorded a liability for sediment remediation. Salisbury, Maryland We have substantially completed remediation of a site in Salisbury, Maryland, where it was determined that a former MGP caused localized groundwater contamination. In February 2002, the MDE granted permission to permanently decommission the systems used for remediation and to discontinue all on-site and off-site well monitoring, except for one well, which is being maintained for periodic product monitoring and recovery. As directed by MDE, additional measures were performed and this last remaining well was redeveloped in September 2016. Depending on future observations, additional testing may be required. We anticipate that the remaining costs for maintaining and monitoring this one remaining well will not exceed $5,000 annually. We cannot predict at this time when the MDE will grant permission to permanently decommission this well. Seaford, Delaware In a letter dated December 5, 2013, DNREC notified us that it would be conducting a facility evaluation of a former MGP site in Seaford, Delaware. In a report issued in January 2015, DNREC provided the evaluation, which found several compounds within the groundwater and soil that require further investigation. On September 17, 2015, DNREC approved our application to enter this site into the voluntary cleanup program. A remedial investigation was conducted in December 2015, and the resulting remedial investigation report was submitted to DNREC in May 2016. Based on findings from the remedial investigation, DNREC requested additional investigative work be performed prior to approval of potential remedial actions. We anticipate completing this additional investigative work by the end of the second quarter of 2017. We estimate the cost of potential remedial actions, based on the findings of the DNREC report, to be between $273,000 and $465,000. Cambridge, Maryland We are discussing with the MDE a former MGP site located in Cambridge, Maryland. The outcome of this matter cannot be determined at this time; therefore, we have not recorded an environmental liability for this location. Ohio We have completed the investigation, assessment and remediation of eight natural gas pipeline facilities in Ohio that Aspire Energy acquired from Gatherco pursuant to the merger. Under the merger agreement, we are entitled to be indemnified from an escrow fund created at closing for certain matters, including certain claims related to environmental remediation. The costs incurred to date associated with remediation activities for these eight facilities is approximately $1.6 million. In September 2016, we and the Gatherco shareholder agent resolved certain disputes associated with our claims for indemnification, including claims for environmental matters. After deducting the amount of anticipated tax benefits related to our claims and an indemnification deductible in the amount of $431,250 in accordance with the merger agreement, we received a total of approximately $500,000 from the indemnification escrow in payment of our claims with no material impact to our financial statements. We do not anticipate submitting any additional claims for indemnification or receiving any additional indemnification payments related to or arising out of the Gatherco merger. |
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- Definition The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Other Commitments and Contingencies |
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| Commitments and Contingencies Disclosure [Abstract] | |
| Other Commitments and Contingencies | Other Commitments and Contingencies Natural Gas, Electric and Propane Supply We have entered into contractual commitments to purchase natural gas, electricity and propane from various suppliers. The contracts have various expiration dates. For our Delaware and Maryland natural gas distribution divisions, we have a contract with an unaffiliated energy marketing and risk management company to manage a portion of their natural gas transportation and storage capacity, which expires on March 31, 2017. In May 2013, Sandpiper entered into a capacity, supply and operating agreement with EGWIC to purchase propane over a six-year term ending in May 2019. Sandpiper's current annual commitment is estimated at approximately 6.5 million gallons. Sandpiper has the option to enter into either a fixed per-gallon price for some or all of the propane purchases or a market-based price utilizing one of two local propane pricing indices. Also in May 2013, Sharp entered into a separate supply and operating agreement with EGWIC. Under this agreement, Sharp has a commitment to supply propane to EGWIC over a six-year term ending in May 2019. Sharp's current annual commitment is estimated at approximately 6.5 million gallons. The agreement between Sharp and EGWIC is separate from the agreement between Sandpiper and EGWIC, and neither agreement permits the parties to set off the rights and obligations specified in one agreement against those specified in the other agreement. Chesapeake Utilities' Florida natural gas distribution division has firm transportation service contracts with FGT and Gulfstream. Pursuant to a capacity release program approved by the Florida PSC, all of the capacity under these agreements has been released to various third parties, including PESCO. Under the terms of these capacity release agreements, Chesapeake Utilities is contingently liable to FGT and Gulfstream should any party that acquired the capacity through release fail to pay the capacity charge. FPU’s electric fuel supply contracts require FPU to maintain an acceptable standard of creditworthiness based on specific financial ratios. FPU’s agreement with JEA requires FPU to comply with the following ratios based on the results of the prior 12 months: (a) total liabilities to tangible net worth less than 3.75 times and (b) a fixed charge coverage ratio greater than 1.5 times. If FPU fails to comply with either of these ratios, it has 30 days to cure the default or, if the default is not cured, to provide an irrevocable letter of credit. FPU’s electric fuel supply agreement with Gulf Power requires FPU to meet the following ratios based on the average of the prior six quarters: (a) funds from operations interest coverage ratio (minimum of 2 times) and (b) total debt to total capital (maximum of 65 percent). If FPU fails to meet either of these ratios, it has to provide the supplier a written explanation of actions taken, or proposed to be taken, to become compliant. Failure to comply with the ratios specified in the Gulf Power agreement could also result in FPU having to provide an irrevocable letter of credit. As of September 30, 2016, FPU was in compliance with all of the requirements of its fuel supply contracts. Corporate Guarantees The Board of Directors has authorized us to issue corporate guarantees and to obtain letters of credit securing our subsidiaries' obligations. The maximum authorized liability under such guarantees and letters of credit is $65.0 million. Chesapeake Utilities has issued corporate guarantees to certain of our subsidiaries' vendors, the largest of which are for Xeron and PESCO. These corporate guarantees provide for the payment of propane and natural gas purchases in the event that Xeron or PESCO defaults. Neither subsidiary has ever defaulted on its obligations to pay its suppliers. The liabilities for these purchases are recorded when incurred. The aggregate amount guaranteed at September 30, 2016 was approximately $53.9 million, with the guarantees expiring on various dates through September 2017. Chesapeake Utilities also guarantees the payment of FPU’s first mortgage bonds. The maximum exposure under this guarantee is the outstanding principal plus accrued interest balances. The outstanding principal balances of FPU’s first mortgage bonds approximate their carrying values (see Note 14, Long-Term Debt, for further details). We issued letters of credit totaling approximately $8.4 million related to the electric transmission services for FPU's electric division, the firm transportation service agreement between TETLP and our Delaware and Maryland divisions, and to our current and previous primary insurance carriers. These letters of credit have various expiration dates through September 2017. There have been no draws on these letters of credit as of September 30, 2016. We do not anticipate that the letters of credit will be drawn upon by the counterparties, and we expect that the letters of credit will be renewed to the extent necessary in the future. Tax-related Contingencies We are subject to various audits and reviews by the federal, state, local and other governmental authorities regarding income taxes and taxes other than income. As of September 30, 2016 and December 31, 2015, we maintained a liability of approximately $50,000 related to unrecognized income tax benefits. As of December 31, 2015, we maintained a liability of approximately $310,000 related to contingencies for taxes other than income. We did not have a liability related to contingencies for taxes other than income at September 30, 2016. Other We are involved in certain other legal actions and claims arising in the normal course of business. We are also involved in certain legal and administrative proceedings before various governmental agencies concerning rates. In the opinion of management, the ultimate disposition of these proceedings will not have a material effect on our consolidated financial position, results of operations or cash flows. |
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- References No definition available.
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- Definition The entire disclosure for commitments and contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information |
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| Segment Information | Segment Information We use the management approach to identify operating segments. We organize our business around differences in regulatory environment and/or products or services, and the operating results of each segment are regularly reviewed by the chief operating decision maker (our Chief Executive Officer) in order to make decisions about resources and to assess performance. The segments are evaluated based on their pre-tax operating income. Our operations comprise two reportable segments:
The remainder of our operations is presented as “Other businesses and eliminations”, which consists of unregulated subsidiaries that own real estate leased to Chesapeake Utilities, as well as certain corporate costs not allocated to other operations. The following table presents financial information about our reportable segments:
Our operations are entirely domestic. |
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- References No definition available.
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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Income (Loss) |
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| Accumulated Other Comprehensive Income (Loss) | Accumulated Other Comprehensive Loss Defined benefit pension and postretirement plan items, unrealized gains (losses) of our propane swap agreements, call options and natural gas futures contracts, designated as commodity contracts cash flow hedges, are the components of our accumulated comprehensive income (loss). The following tables present the changes in the balance of accumulated other comprehensive loss for the nine months ended September 30, 2016 and 2015. All amounts are presented net of tax.
The following table presents amounts reclassified out of accumulated other comprehensive loss for the three and nine months ended September 30, 2016 and 2015. Deferred gains or losses for our commodity contracts cash flow hedges are recognized in earnings upon settlement. Gains or losses for our commodity contracts fair value hedges are recognized immediately in earnings.
(1) These amounts are included in the computation of net periodic costs (benefits). See Note 9, Employee Benefit Plans, for additional details. (2) These amounts are included in the effects of gains and losses from derivative instruments. See Note 12, Derivative Instruments, for additional details. Amortization of defined benefit pension and postretirement plan items is included in operations expense, and gains and losses on propane swap agreements and call options are included in cost of sales, in the accompanying condensed consolidated statements of income. The income tax benefit is included in income tax expense in the accompanying condensed consolidated statements of income. |
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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Employee Benefit Plans |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Employee Benefit Plans | Employee Benefit Plans Net periodic benefit costs for our pension and post-retirement benefits plans for the three and nine months ended September 30, 2016 and 2015 are set forth in the following tables:
We expect to record pension and postretirement benefit costs of approximately $1.7 million for 2016. Included in these costs is approximately $769,000 related to continued amortization of the FPU pension regulatory asset, which represents the portion attributable to FPU’s regulated energy operations for the changes in funded status that occurred, but were not recognized, as part of net periodic benefit costs prior to the FPU merger in 2009. This was deferred as a regulatory asset by FPU prior to the merger, to be recovered through rates pursuant to a previous order by the Florida PSC. The unamortized balance of this regulatory asset was approximately $2.3 million and approximately $2.9 million at September 30, 2016 and December 31, 2015, respectively. The amortization included in pension expense is also being added to a net periodic loss of approximately $917,000, which will increase our total expected benefit costs to approximately $1.7 million. Pursuant to a Florida PSC order, FPU continues to record as a regulatory asset a portion of the unrecognized pension and postretirement benefit costs related to its regulated operations after the FPU merger. The portion of the unrecognized pension and postretirement benefit costs related to FPU’s unregulated operations and Chesapeake Utilities' operations is recorded to accumulated other comprehensive loss. The following tables present the amounts included in the regulatory asset and accumulated other comprehensive loss that were recognized as components of net periodic benefit cost during the three months ended September 30, 2016 and 2015:
The following tables present the amounts included in the regulatory asset and accumulated other comprehensive loss that were recognized as components of net periodic benefit cost during the nine months ended September 30, 2016 and 2015:
During the three and nine months ended September 30, 2016, we contributed approximately $116,000 and $390,000, respectively, to the Chesapeake Pension Plan and approximately $374,000 and approximately $1.3 million, respectively, to the FPU Pension Plan. We expect to contribute a total of approximately $508,000 and approximately $1.6 million to the Chesapeake Pension Plan and FPU Pension Plan, respectively, during 2016, which represent the minimum annual contribution payments required. The Chesapeake SERP, the Chesapeake Postretirement Plan and the FPU Medical Plan are unfunded and are expected to be paid out of our general funds. Cash benefits paid under the Chesapeake SERP for the three and nine months ended September 30, 2016, were approximately $38,000 and approximately $114,000, respectively. We expect to pay total cash benefits of approximately $151,000 under the Chesapeake Pension SERP in 2016. Cash benefits paid under the Chesapeake Postretirement Plan, primarily for medical claims for the three and nine months ended September 30, 2016, were approximately $23,000 and approximately $59,000, respectively. We estimate that approximately $82,000 will be paid for such benefits under the Chesapeake Postretirement Plan in 2016. Cash benefits paid under the FPU Medical Plan, primarily for medical claims for the three and nine months ended September 30, 2016, were approximately $32,000 and approximately $97,000, respectively. We estimate that approximately $149,000 will be paid for such benefits under the FPU Medical Plan in 2016. |
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| X | ||||||||||
- References No definition available.
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| X | ||||||||||
- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments | Investments The investment balances at September 30, 2016 and December 31, 2015, consisted of the following:
We classify these investments as trading securities and report them at their fair value. For the three months ended September 30, 2016 and 2015, we recorded a net unrealized gain of approximately $193,000 and $238,000, respectively, in other income in the condensed consolidated statements of income related to these investments. For the nine months ended September 30, 2016 and 2015, we recorded an unrealized gain of approximately $246,000 and a net unrealized loss of approximately $131,000, respectively, in other income in the condensed consolidated statements of income related to these investments. For the investment in the Rabbi Trust, we also have recorded an associated liability, which is included in other pension and benefit costs in the condensed consolidated balance sheets and is adjusted each month for the gains and losses incurred by the investments in the Rabbi Trust. |
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- References No definition available.
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- Definition The entire disclosure for investments in certain debt and equity securities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Compensation | Share-Based Compensation Our non-employee directors and key employees are granted share-based awards through our SICP. We record these share-based awards as compensation costs over the respective service period for which services are received in exchange for an award of equity or equity-based compensation. The compensation cost is based primarily on the fair value of the shares awarded, using the estimated fair value of each share on the date it was granted and the number of shares to be issued at the end of the service period. The table below presents the amounts included in net income related to share-based compensation expense for the three and nine months ended September 30, 2016 and 2015:
Non-employee Directors Shares granted to non-employee directors are issued in advance of the directors’ service periods and are fully vested as of the grant date. We record a prepaid expense equal to the fair value of the shares issued and amortize the expense equally over a service period of one year. In May 2016, each of our non-employee directors received an annual retainer of 953 shares of common stock under the SICP for service as a director through the 2017 Annual Meeting of Stockholders. A summary of the stock activity for our non-employee directors during the nine months ended September 30, 2016 is presented below:
At September 30, 2016, there was approximately $314,000 of unrecognized compensation expense related to these awards. This expense will be recognized over the directors' remaining service period ending April 30, 2017. Key Employees The table below presents the summary of the stock activity for awards to key employees for the nine months ended September 30, 2016:
In February 2016, our Board of Directors granted awards of 46,571 shares of common stock to key employees under the SICP. The shares granted in February 2016 are multi-year awards that will vest at the end of the three-year service period ending December 31, 2018. All of these stock awards are earned based upon the successful achievement of long-term goals, growth and financial results, which comprise both market-based and performance-based conditions or targets. The fair value of each performance-based condition or target is equal to the market price of our common stock on the grant date of each award. For the market-based conditions, we used the Black-Scholes pricing model to estimate the fair value of each market-based award granted. At September 30, 2016, the aggregate intrinsic value of the SICP awards granted to key employees was approximately $7.0 million. At September 30, 2016, there was approximately $2.7 million of unrecognized compensation cost related to these awards, which is expected to be recognized from 2016 through 2018. |
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| X | ||||||||||
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- References No definition available.
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Derivative Instruments |
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Derivative Instruments | Derivative Instruments We use derivative and non-derivative contracts to engage in trading activities and manage risks related to obtaining adequate supplies and the price fluctuations of natural gas, electricity and propane. We have entered into agreements with suppliers to purchase natural gas, electricity and propane for resale to our customers. Aspire Energy has entered into contracts with producers to secure natural gas to meet its obligations. Purchases under these contracts typically either do not meet the definition of derivatives or are considered “normal purchases and normal sales” and are accounted for on an accrual basis. Our propane distribution and natural gas marketing operations may also enter into fair value hedges of their inventory or cash flow hedges of their future purchase commitments in order to mitigate the impact of wholesale price fluctuations. As of September 30, 2016, our natural gas and electric distribution operations did not have any outstanding derivative contracts. Hedging Activities in 2016 In 2016, Sharp entered into swap agreements to mitigate the risk of fluctuations in wholesale propane index prices associated with 4.1 million gallons expected to be purchased for the upcoming heating season. Under the swap agreements, Sharp will receive the difference between the index prices (Mont Belvieu prices in December 2016 through September 2017) and the swap prices of $0.5250 and $0.5525 per gallon, to the extent the index prices exceed the swap prices. If the index prices are lower than the swap price, Sharp will pay the difference. The swap agreement essentially fixes the price of the 4.1 million gallons that we expect to purchase for the upcoming heating season. We accounted for these swap agreements as cash flow hedges, and there is no ineffective portion of these hedges. At September 30, 2016, the swap agreements had a fair value of approximately $237,000. The change in the fair value of the swap agreements is recorded as unrealized gain/loss in other comprehensive income (loss). In January 2016, PESCO entered into a SCO supplier agreement with Columbia Gas to provide natural gas supply for Columbia Gas to service one of its local distribution customer tranches. PESCO also assumed the obligation to store natural gas inventory to satisfy its obligations under the SCO supplier agreement, which terminates on March 31, 2017. In conjunction with the SCO supplier agreement, PESCO entered into natural gas futures contracts during the second quarter of 2016 in order to protect its natural gas inventory against market price fluctuations. The contracts expire within one year. We had previously accounted for these contracts as fair value hedges with any ineffective portion being reported directly in earnings and offset by any associated gain (loss) on the inventory value being hedged. During the third quarter of 2016, we de-designated the hedges as they were no longer highly effective. We are now accounting for them as derivatives on a mark-to-market basis with the change in fair value reflected as unrealized gain (loss) in current period earnings, and these are no longer offset by any associated gain (loss) in the value of the inventory previously hedged. As of September 30, 2016, we had a total of 1.8 million Dts/d in natural gas futures contracts with a mark-to-market liability of $29,000. Beginning in October 2015, PESCO entered into natural gas futures contracts associated with the purchase and sale of natural gas to other specific customers. These contracts expire within two years, and we have accounted for them as cash flow hedges. There is no ineffective portion of these hedges. At September 30, 2016, PESCO had a total of 6.0 million Dts/d hedged under natural gas futures contracts, with an asset fair value of approximately $240,000. The change in fair value of the natural gas futures contracts is recorded as unrealized gain (loss) in other comprehensive income (loss). Fair Value Hedges The impact of our natural gas futures commodity contracts previously designated as fair value hedges and the related hedged item on our condensed consolidated income statements for the three and nine months ended September 30, 2016 is presented below:
Basis ineffectiveness arises from natural gas market price differences between the locations of the hedged inventory and the delivery location specified in the hedging instruments. Timing ineffectiveness arises due to changes in the difference between the spot price and the futures price, as well as the difference between the timing of the settlement of the futures and the valuation of the underlying physical commodity. As the commodity contract nears the settlement date, spot-to-forward price differences should converge, which should reduce or eliminate the impact of this ineffectiveness on purchased gas cost. To the extent that our natural gas inventory does not qualify as a hedged item in a fair-value hedge, or has not been designated as such, the natural gas inventory is valued at the lower of cost or market. Hedging Activities in 2015 In March, May and June 2015, Sharp paid a total of approximately $143,000 to purchase put options to protect against a decline in propane prices and related potential inventory losses associated with 2.5 million gallons for the propane price cap program in the 2015-2016 heating season. We exercised the put options as propane prices fell below the strike prices of $0.4950, $0.4888 and $0.4500 per gallon in December 2015 through February 2016 and $0.4200 per gallon in January through March 2016. We received approximately $239,000, which represents the difference between the market prices and the strike prices during those months. We accounted for the put options as fair value hedges. In March, May and June 2015, Sharp entered into swap agreements to mitigate the risk of fluctuations in wholesale propane index prices associated with 2.5 million gallons purchased in December 2015 through March 2016. Under these swap agreements, Sharp would have received the difference between the index prices (Mont Belvieu prices in December 2015 through March 2016) and the swap prices, which ranged from $0.5200 to $0.5950 per gallon, for each swap agreement, to the extent the index prices exceeded the swap prices. If the index prices were lower than the swap prices, Sharp would pay the difference. These swap agreements essentially fixed the price of the 2.5 million gallons that we purchased during this period. We accounted for the swap agreements as cash flow hedges. Sharp paid approximately $484,000, which represents the difference between the index prices and swap prices during those months of the swap agreements. Commodity Contracts for Trading Activities Xeron engages in trading activities using forward and futures contracts for propane and crude oil. These contracts are considered derivatives and have been accounted for using the mark-to-market method of accounting. Under this method, the trading contracts are recorded at fair value, and the changes in fair value of those contracts are recognized as unrealized gains or losses in the statements of income for the period of change. As of September 30, 2016, Xeron had no outstanding contracts that were accounted for as derivatives. Xeron entered into master netting agreements with two counterparties to mitigate exposure to counterparty credit risk. The master netting agreements enable Xeron to net these two counterparties' outstanding accounts receivable and payable, which are presented on a gross basis in the accompanying condensed consolidated balance sheets. At September 30, 2016, Xeron had no accounts receivable or accounts payable balances to offset with these two counterparties. At December 31, 2015, Xeron had a right to offset $431,000 of accounts payable with these two counterparties. At December 31, 2015, Xeron did not have outstanding accounts receivable with these two counterparties. The following tables present information about the fair value and related gains and losses of our derivative contracts. We did not have any derivative contracts with a credit-risk-related contingency. The fair values of the derivative contracts recorded in the condensed consolidated balance sheets as of September 30, 2016 and December 31, 2015, are as follows:
The effects of gains and losses from derivative instruments on the condensed consolidated financial statements are as follows:
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- References No definition available.
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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments |
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| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value of Financial Instruments | Fair Value of Financial Instruments GAAP establishes a fair value hierarchy that prioritizes the inputs to valuation methods used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are the following: Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; Level 2: Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and Level 3: Prices or valuation techniques requiring inputs that are both significant to the fair value measurement and unobservable (i.e. supported by little or no market activity). Financial Assets and Liabilities Measured at Fair Value The following table summarizes our financial assets and liabilities that are measured at fair value on a recurring basis and the fair value measurements, by level, within the fair value hierarchy as of September 30, 2016 and December 31, 2015:
The following valuation techniques were used to measure fair value assets in the tables above on a recurring basis as of September 30, 2016 and December 31, 2015: Level 1 Fair Value Measurements: Investments - equity securities — The fair values of these trading securities are recorded at fair value based on unadjusted quoted prices in active markets for identical securities. Investments - mutual funds and other — The fair values of these investments, comprised of money market and mutual funds, are recorded at fair value based on quoted net asset values of the shares. Level 2 Fair Value Measurements: Mark-to-market energy assets and liabilities — These forward contracts are valued using market transactions in either the listed or OTC markets. Propane put/call options, swap agreements and natural gas futures contracts – The fair value of the propane put/call options, swap agreements and natural gas futures contracts are measured using market transactions for similar assets and liabilities in either the listed or OTC markets. Level 3 Fair Value Measurements: Investments- guaranteed income fund — The fair values of these investments are recorded at the contract value, which approximates their fair value. The following table sets forth the summary of the changes in the fair value of Level 3 investments for the nine months ended September 30, 2016 and 2015:
Investment income from the Level 3 investments is reflected in other income (expense) in the accompanying condensed consolidated statements of income. At September 30, 2016, there were no non-financial assets or liabilities required to be reported at fair value. We review our non-financial assets for impairment at least on an annual basis, as required. Other Financial Assets and Liabilities Financial assets with carrying values approximating fair value include cash and cash equivalents and accounts receivable. Financial liabilities with carrying values approximating fair value include accounts payable and other accrued liabilities and short-term debt. The fair value of cash and cash equivalents is measured using the comparable value in the active market and approximates its carrying value (Level 1 measurement). The fair value of short-term debt approximates the carrying value due to its short maturities and because interest rates approximate current market rates (Level 3 measurement). At September 30, 2016, long-term debt, including current maturities but excluding a capital lease obligation, had a carrying value of approximately $151.8 million. This compares to a fair value of approximately $173.5 million, using a discounted cash flow methodology that incorporates a market interest rate based on published corporate borrowing rates for debt instruments with similar terms and average maturities, and with adjustments for duration, optionality, and risk profile. At December 31, 2015, long-term debt, including the current maturities but excluding a capital lease obligation, had a carrying value of approximately $153.7 million, compared to the estimated fair value of approximately $165.1 million. The valuation technique used to estimate the fair value of long-term debt would be considered a Level 3 measurement. |
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- References No definition available.
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- Definition The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt |
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| Long-Term Debt | Long-Term Debt Our outstanding long-term debt is shown below:
(1) FPU secured first mortgage bonds are guaranteed by Chesapeake Utilities. Shelf Agreement On October 8, 2015, we entered into a Shelf Agreement with Prudential. Under the terms of the Shelf Agreement, through October 8, 2018, we may request that Prudential purchase up to $150.0 million of our Shelf Notes at a fixed interest rate and with a maturity date not to exceed 20 years from the date of issuance. Prudential is under no obligation to purchase any of the Shelf Notes. The interest rate and terms of payment of any series of Shelf Notes will be determined at the time of purchase. We currently anticipate the proceeds from the sale of any series of Shelf Notes will be used for general corporate purposes, including refinancing of short-term borrowing and/or repayment of outstanding indebtedness and financing capital expenditures on future projects; however, actual use of such proceeds will be determined at the time of a purchase. On May 13, 2016, we submitted a request that Prudential purchase $70.0 million of 3.25 percent Shelf Notes under the Shelf Agreement. On May 20, 2016, Prudential accepted and confirmed our request. The proceeds received from the issuances of the Shelf Notes will be used to reduce short-term borrowings under the Company’s revolving credit facility, lines of credit and/or to fund capital expenditures. The closing of the sale and issuance of the Shelf Notes is expected to occur on or before April 28, 2017. The Shelf Agreement sets forth certain business covenants to which we are subject when any Shelf Note is outstanding, including covenants that limit or restrict our ability, and the ability of our subsidiaries, to incur indebtedness, place or permit liens and encumbrances on any of our property or the property of our subsidiaries. |
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- References No definition available.
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- Definition The entire disclosure for long-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Short-Term Borrowing |
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Sep. 30, 2016 | |
| Short-term Borrowing [Abstract] | |
| Short-Term Borrowing | Short-Term Borrowing On October 8, 2015, we entered into the Credit Agreement with the Lenders for a $150.0 million Revolver for a term of five years, subject to the terms and conditions of the Credit Agreement. Borrowings under the Revolver will be used for general corporate purposes, including repayments of short-term borrowings, working capital requirements and capital expenditures. Borrowings under the Revolver will bear interest at: (i) the LIBOR Rate plus an applicable margin of 1.25 percent or less, with such margin based on total indebtedness as a percentage of total capitalization, both as defined by the Credit Agreement, or (ii) the base rate plus 0.25 percent or less. Interest will be payable quarterly, and the Revolver is subject to a commitment fee on the unused portion of the facility. We may extend the expiration date for up to two years on any anniversary date of the Revolver, with such extension subject to the Lenders' approval. We may also request the Lenders to increase the Revolver to $200.0 million, with any increase at the sole discretion of each Lender. At September 30, 2016 and December 31, 2015, we had outstanding borrowings of $50.0 million and $35.0 million, respectively, under the Revolver. The net proceeds from the sale of our common stock on September 22, 2016, of approximately $57.3 million, after deducting underwriting commissions and expenses, were added to our general funds and used to repay a portion of our short-term debt under unsecured lines of credit. |
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- Definition Short-term Borrowing [Abstract] No definition available.
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- Definition The entire disclosure for short-term debt. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Accounting Policies (Policies) |
9 Months Ended |
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Sep. 30, 2016 | |
| Accounting Policies [Abstract] | |
| Basis of Presentation | Basis of Presentation References in this document to the “Company,” “Chesapeake Utilities,” “we,” “us” and “our” are intended to mean Chesapeake Utilities Corporation, its divisions and/or its subsidiaries, as appropriate in the context of the disclosure. The accompanying unaudited condensed consolidated financial statements have been prepared in compliance with the rules and regulations of the SEC and GAAP. In accordance with these rules and regulations, certain information and disclosures normally required for audited financial statements have been condensed or omitted. These financial statements should be read in conjunction with the consolidated financial statements and notes thereto, included in our latest Annual Report on Form 10-K for the year ended December 31, 2015. In the opinion of management, these financial statements reflect normal recurring adjustments that are necessary for a fair presentation of our results of operations, financial position and cash flows for the interim periods presented. Due to the seasonality of our business, results for interim periods are not necessarily indicative of results for the entire fiscal year. Revenue and earnings are typically greater during the first and fourth quarters, when consumption of energy is highest due to colder temperatures. We reclassified certain amounts in the condensed consolidated balance sheet as of December 31, 2015. We have revised the condensed consolidated statement of cash flows for the nine months ended September 30, 2015 to reflect only property, plant and equipment expenditures paid in cash within the Investing Activities section. The non-cash expenditures previously included in that section have now been included in the change in accounts payable and other accrued liabilities amount within the Operating Activities section. These revisions are considered immaterial to the overall presentation of our condensed consolidated financial statements. On September 22, 2016, we completed a public offering of 960,488 shares of our common stock at a price per share of $62.26. The net proceeds from the sale of common stock, after deducting underwriting commissions and expenses, were approximately $57.3 million, which were added to our general funds and used primarily to repay a portion of our short-term debt under unsecured lines of credit. |
| FASB Statements and Other Authoritative Pronouncements | FASB Statements and Other Authoritative Pronouncements Recently Adopted Accounting Standards Interest - Imputation of Interest (ASC 835-30) - In April 2015, the FASB issued ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs. This standard requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability, consistent with the presentation of a debt discount. ASU 2015-03 became effective for us on January 1, 2016, and we applied the provisions of this standard on a retrospective basis. As a result of the adoption of this standard, debt issuance costs totaling $301,000 and $333,000 at September 30, 2016 and December 31, 2015, respectively, previously presented as other deferred charges, a non-current asset, are now presented as a deduction from long-term debt, net of current maturities, in our condensed consolidated balance sheets. Intangibles-Goodwill and Other-Internal-Use Software (ASC 350-40) - In April 2015, the FASB issued ASU 2015-05, Customer's Accounting for Fees Paid in a Cloud Computing Arrangement. Under the new standard, unless a software arrangement includes specific elements enabling customers to possess and operate software on platforms other than that offered by the cloud-based provider, the cost of such arrangements is to be accounted for as an operating expense in the period incurred. ASU 2015-05 became effective for us on January 1, 2016, and has been applied on a prospective basis. The standard did not have a material impact on our financial position or results of operations. Interest-Imputation of Interest (ASC 835-30) - In August 2015, the FASB issued ASU 2015-15, Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements. This standard clarifies treatment of debt issuance costs associated with line-of-credit arrangements that were not specifically addressed in ASU 2015-03. Issuance costs incurred in connection with line-of-credit arrangements may be treated as an asset and amortized over the term of the line-of-credit arrangement. ASU 2015-15 became effective for us on January 1, 2016. The standard did not have a material impact on our financial position or results of operations. Business Combinations (ASC 805) - In September 2015, the FASB issued ASU 2015-16, Simplifying the Accounting for Measurement-Period Adjustments. The standard eliminates the requirement to restate prior period financial statements for measurement period adjustments and requires that the cumulative impact of a measurement-period adjustments (including the impact of prior periods) be recognized in the reporting period in which the adjustment is identified. ASU 2015-16 was effective for our interim and annual financial statements issued after January 1, 2016 and was adopted on a prospective basis. Adoption of this standard did not have a material impact on our financial position or results of operations. Income Taxes (ASC 740) - In November 2015, the FASB issued ASU 2015-17, Balance Sheet Classification of Deferred Taxes, which requires all deferred assets and liabilities along with any related valuation allowance to be classified as noncurrent on the balance sheet for our annual financial statements beginning January 1, 2017 and for our interim financial statements beginning January 1, 2018; however, early adoption is permitted. We adopted this standard in the first quarter of 2016 on a retrospective basis and adjusted the December 31, 2015 balance sheet by eliminating the current deferred income taxes asset and decreasing the noncurrent deferred income taxes liability by $831,000. Recent Accounting Standards Yet to be Adopted Revenue from Contracts with Customers (ASC 606) - In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. This standard provides a single comprehensive revenue recognition model for all contracts with customers to improve comparability within industries, as well as across industries and capital markets. The standard contains principles that entities will apply to determine the measurement of revenue and when it is recognized. In March 2016, FASB issued ASU 2016-08, Principal versus Agent Considerations (Reporting Revenue Gross versus Net), to clarify the implementation guidance on principal versus agent considerations. For public entities, this standard is effective for 2018 interim and annual financial statements. We have engaged a third party to review our contracts with customers and to aid in assessing the impact this standard may have on our financial position and results of operations. Inventory (ASC 330) - In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. Under this guidance, inventories are required to be measured at the lower of cost or net realizable value. Net realizable value represents the estimated selling price less costs associated with completion, disposal and transportation. ASU 2015-11 will be effective for our interim and annual financial statements issued beginning January 1, 2017; however, early adoption is permitted. The standard is to be adopted on a prospective basis. We are assessing the impact this standard may have on our financial position and results of operations. Leases (ASC 842) - In February 2016, the FASB issued ASU 2016-02, Leases, which provides updated guidance regarding accounting for leases. This update requires a lessee to recognize a lease liability and a lease asset for all leases, including operating leases, with a term greater than 12 months on its balance sheet. The update also expands the required quantitative and qualitative disclosures surrounding leases. ASU 2016-02 will be effective for our annual and interim financial statements beginning January 1, 2019, although early adoption is permitted. This update will be applied using a modified retrospective transition approach for leases existing at, or entered into after, the beginning of the earliest comparative period presented in the financial statements. We are evaluating the effect of this update on our financial position and results of operations. Compensation-Stock Compensation (ASC 718) - In March 2016, the FASB issued ASU 2016-09, Improvements to Employee Share-Based Payment Accounting, which simplifies several aspects of accounting for employee share-based payment transactions, including accounting for income taxes, forfeitures, and statutory tax withholding requirements, and classification in the statement of cash flows. ASU 2016-09 will be effective for our annual and interim financial statements beginning January 1, 2017, although early adoption is permitted. The amendments included in this update are to be applied prospectively except for changes impacting the presentation of the cash flow statement that can be applied prospectively or retrospectively. We are evaluating the effect of this update on our financial position and results of operations. Statement of Cash Flows (ASC 230) - On August 26, 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments, which clarifies how certain transactions are classified in the statement of cash flows. ASU 2016-15 will be effective for our annual and interim financial statements beginning January 1, 2018, although early adoption is permitted. We are assessing the impact of the adoption of this ASU on our statements of cash flows. |
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- Definition Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS). No definition available.
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- Definition The entire disclosure of changes in accounting principles, including adoption of new accounting pronouncements, that describes the new methods, amount and effects on financial statement line items. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Calculation of Earnings Per Share (Tables) |
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| Earnings Per Share [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Calculation of Basic and Diluted Earnings Per Share |
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Acquisitions (Tables) |
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| Business Combinations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Merger Consideration paid |
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| Purchase price allocation | The purchase price allocation of the Gatherco merger was as follows:
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- Definition The entire disclosure for business combinations, including leverage buyout transactions (as applicable), and divestitures. This may include a description of a business combination or divestiture (or series of individually immaterial business combinations or divestitures) completed during the period, including background, timing, and assets and liabilities recognized and reclassified or sold. This element does not include fixed asset sales and plant closings. No definition available.
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Segment Information (Tables) |
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| Segment Reporting [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Segment Reporting Information by Segment | The following table presents financial information about our reportable segments:
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Accumulated Other Comprehensive Income (Loss) (Tables) |
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| Equity [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Changes in Accumulated Other Comprehensive Loss |
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| Reclassifications out of Accumulated Other Comprehensive Income (Loss) |
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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). No definition available.
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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans (Tables) |
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Compensation and Retirement Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Net Benefit Costs [Table Text Block] |
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| Amounts Included in Regulatory asset and AOCI [Table Text Block] |
The following tables present the amounts included in the regulatory asset and accumulated other comprehensive loss that were recognized as components of net periodic benefit cost during the nine months ended September 30, 2016 and 2015:
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- Definition [Table Text Block] for Amounts Included in Regulatory asset and AOCI [Table] No definition available.
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- References No definition available.
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- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Investments (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments, Debt and Equity Securities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investments schedule [Table Text Block] | The investment balances at September 30, 2016 and December 31, 2015, consisted of the following:
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- Definition [Table Text Block] for Investments schedule [Table] No definition available.
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- References No definition available.
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Share-Based Compensation (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares awarded to non-employee directors [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan | The table below presents the amounts included in net income related to share-based compensation expense for the three and nine months ended September 30, 2016 and 2015:
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| Schedule of Share-based Compensation, Nonemployee Director Stock Award Plan, Activity [Table Text Block] |
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| Award to key employees [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Shares awarded to non-employee directors [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Schedule of Share-based Compensation, Activity | The table below presents the summary of the stock activity for awards to key employees for the nine months ended September 30, 2016:
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- Definition [Line Items] for Shares awarded to non-employee directors [Table] No definition available.
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- Definition Tabular disclosure of the amount of total share-based compensation cost, including the amounts attributable to each share-based compensation plan and any related tax benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of share-based compensation plans that may be presented in a single table for outstanding, vested and expected to vest, and exercisable awards. The information that may be disclosed in this table may include, but is not limited to, number of shares, weighted average exercise price, weighted average remaining contractual life, and aggregate intrinsic value. No definition available.
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- Definition Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock awards granted to nonemployee directors that were outstanding at the beginning and end of the year, and the number of awards that were granted, exercised or converted, forfeited, and expired during the year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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Derivative Instruments (Tables) |
9 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Derivative Instruments and Hedging Activities Disclosure [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Values of Derivative Contracts Recorded in Condensed Consolidated Balance Sheet | air values of the derivative contracts recorded in the condensed consolidated balance sheets as of September 30, 2016 and December 31, 2015, are as follows:
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| Effects of Gains and Losses from Derivative Instruments on Condensed Consolidated Financial Statements | The effects of gains and losses from derivative instruments on the condensed consolidated financial statements are as follows:
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- References No definition available.
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- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Fair Value Disclosures [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following table summarizes our financial assets and liabilities that are measured at fair value on a recurring basis and the fair value measurements, by level, within the fair value hierarchy as of September 30, 2016 and December 31, 2015:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Summary of Changes in Fair Value of Investments | The following table sets forth the summary of the changes in the fair value of Level 3 investments for the nine months ended September 30, 2016 and 2015:
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- Definition Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Long-Term Debt (Tables) |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2016 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Outstanding Long-Term Debt | Our outstanding long-term debt is shown below:
(1) FPU secured first mortgage bonds are guaranteed by Chesapeake Utilities. |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. No definition available.
|
Summary of Accounting policies - Additional Information (Details) - USD ($) |
9 Months Ended | ||
|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
|
| Accounting Policies [Abstract] | |||
| Stock Issued During Period, Shares, New Issues | 960,488.00 | ||
| Stock Issued During Period, Value, Other | $ 62.26 | ||
| Proceeds from Issuance of Common Stock | 57,306,000 | $ 0 | |
| Debt issuance costs | $ (301,000) | $ (333,000) | |
| Deferred Tax Assets, Net of Valuation Allowance, Current | $ 831,000 | ||
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards classified as current. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
|
| X | ||||||||||
- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Calculation of Earnings Per Share - Calculation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||
|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
|
| Calculation of Basic Earnings Per Share: | |||||
| Net Income | $ 4,416 | $ 5,119 | $ 32,812 | $ 32,521 | $ 41,140 |
| Weighted shares outstanding (shares) | 15,372,413 | 15,258,819 | 15,324,932 | 15,035,569 | |
| Basic Earnings Per Share (in dollars per share) | $ 0.29 | $ 0.34 | $ 2.14 | $ 2.16 | |
| Reconciliation of Numerator: | |||||
| Net Income | $ 4,416 | $ 5,119 | $ 32,812 | $ 32,521 | $ 41,140 |
| Reconciliation of Denominator: | |||||
| Weighted shares outstanding - Basic (shares) | 15,372,413 | 15,258,819 | 15,324,932 | 15,035,569 | |
| Effect of dilutive securities: | |||||
| Share-based compensation (shares) | 40,370 | 48,024 | 41,023 | 48,072 | |
| Adjusted denominator-Diluted (shares) | 15,412,783 | 15,306,843 | 15,365,955 | 15,083,641 | |
| Diluted Earnings Per Share (in dollars per share) | $ 0.29 | $ 0.33 | $ 2.14 | $ 2.16 | |
| X | ||||||||||
- Definition Effect of dilutive securities. No definition available.
|
| X | ||||||||||
- Definition Reconciliation of denominator. No definition available.
|
| X | ||||||||||
- Definition Reconciliation of numerator: No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Additional shares included in the calculation of diluted EPS as a result of the potentially dilutive effect of share based payment arrangements using the treasury stock method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Acquisitions - Additional Information (Detail) $ / shares in Units, $ in Thousands |
3 Months Ended | 9 Months Ended | 12 Months Ended | ||||
|---|---|---|---|---|---|---|---|
|
Apr. 01, 2015
USD ($)
mi
|
Sep. 30, 2016
USD ($)
$ / shares
shares
|
Sep. 30, 2015
USD ($)
$ / shares
|
Sep. 30, 2016
USD ($)
$ / shares
|
Sep. 30, 2015
USD ($)
$ / shares
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
| Business Acquisition [Line Items] | |||||||
| Transaction costs | $ 514 | $ 786 | |||||
| Revenues | $ 108,348 | $ 91,913 | $ 356,986 | $ 354,676 | |||
| Net income | $ 4,416 | $ 5,119 | $ 32,812 | $ 32,521 | 41,140 | ||
| Diluted (in dollars per share) | $ / shares | $ 0.29 | $ 0.33 | $ 2.14 | $ 2.16 | |||
| Goodwill | $ 15,070 | $ 15,070 | 14,548 | ||||
| Gatherco [Member] | |||||||
| Business Acquisition [Line Items] | |||||||
| Number of pipeline miles | mi | 2,500 | ||||||
| Number of counties served | 40 | ||||||
| Number of customers served | 20,000 | ||||||
| Number of producers served | 300 | ||||||
| Shares of common stock issued at closing (shares) | shares | 592,970 | ||||||
| Common stock issued at closing | $ 30,200 | $ 30,164 | 30,164 | ||||
| Cash paid | 27,500 | 27,494 | |||||
| Long-term debt | 1,696 | 1,696 | 1,696 | ||||
| Cash acquired | 6,800 | 6,806 | 6,806 | ||||
| Additional contingent cash consideration | $ 15,000 | 15,000 | |||||
| Period for revenue generated from potential new gathering opportunities | 5 years | ||||||
| Transaction costs | $ 1,300 | ||||||
| Revenues | $ 5,600 | 18,400 | |||||
| Net income | $ (563) | 1,100 | |||||
| Diluted (in dollars per share) | $ / shares | $ 0.03 | ||||||
| Goodwill | $ 11,100 | $ 10,119 | $ 10,119 | ||||
| X | ||||||||||
- Definition Business Combination Contingent Cash Consideration Payable No definition available.
|
| X | ||||||||||
- Definition Number of Counties Served No definition available.
|
| X | ||||||||||
- Definition Number of Customers Served No definition available.
|
| X | ||||||||||
- Definition Number of Pipeline Miles No definition available.
|
| X | ||||||||||
- Definition Number of Producers Served No definition available.
|
| X | ||||||||||
- Definition Period Additional Contingent Cash Consideration Will Be Based On No definition available.
|
| X | ||||||||||
- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of long-term debt due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition For transactions that are recognized separately from the acquisition of assets and assumptions of liabilities in the business combination, such as related to pre-existing relationships with the acquiree, this element represents the disclosure of the amount of acquisition related costs which have been expensed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Acquisitions - Purchase Considerations (Details) - Gatherco [Member] - USD ($) $ in Thousands |
3 Months Ended | |
|---|---|---|
Apr. 01, 2015 |
Sep. 30, 2016 |
|
| Business Acquisition [Line Items] | ||
| Chesapeake Utilities common stock | $ 30,200 | $ 30,164 |
| Cash | 27,500 | 27,494 |
| Acquired debt | 1,696 | 1,696 |
| Purchase price | 57,658 | |
| Less: cash acquired | $ (6,800) | (6,806) |
| Gross [Member] | ||
| Business Acquisition [Line Items] | ||
| Purchase price | 59,354 | |
| Net [Member] | ||
| Business Acquisition [Line Items] | ||
| Purchase price | $ 52,548 |
| X | ||||||||||
- Definition Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of long-term debt due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The cash outflow associated with the acquisition of business during the period. The cash portion only of the acquisition price. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Acquisitions - Gatherco purchase price allocation (Details) - USD ($) $ in Thousands |
3 Months Ended | ||
|---|---|---|---|
Sep. 30, 2016 |
Dec. 31, 2015 |
Apr. 01, 2015 |
|
| Business Acquisition [Line Items] | |||
| Goodwill | $ 15,070 | $ 14,548 | |
| Gatherco [Member] | |||
| Business Acquisition [Line Items] | |||
| Purchase price | 57,658 | ||
| Property plant and equipment | 53,203 | ||
| Cash | 6,806 | $ 6,800 | |
| Accounts receivable | 3,629 | ||
| Income taxes receivable | 3,163 | ||
| Other assets | 425 | ||
| Total assets acquired | 67,226 | ||
| Long-term debt | 1,696 | 1,696 | |
| Deferred income taxes | 13,409 | ||
| Accounts payable | 3,837 | ||
| Other current liabilities | 745 | ||
| Total liabilities assumed | 19,687 | ||
| Net identifiable assets acquired | 47,539 | ||
| Goodwill | $ 10,119 | $ 11,100 |
| X | ||||||||||
- Definition Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Income Taxes Receivable No definition available.
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount of consideration transferred, consisting of acquisition-date fair value of assets transferred by the acquirer, liabilities incurred by the acquirer, and equity interest issued by the acquirer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of assets acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions, acquired at the acquisition date. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of asset related to consideration paid in advance for costs that provide economic benefits in future periods, and amount of other assets that are expected to be realized or consumed within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount due from customers or clients for goods or services, including trade receivables, that have been delivered or sold in the normal course of business, and amounts due from others, including related parties expected to be converted to cash, sold or exchanged within one year or the normal operating cycle, if longer, acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of liabilities incurred for goods and services received that are used in an entity's business and related party payables, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of long-term debt due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of other liabilities due within one year or within the normal operating cycle, if longer, assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of deferred tax liability attributable to taxable temporary difference assumed at the acquisition date that are classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of liabilities assumed at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount recognized as of the acquisition date for the identifiable assets acquired in excess of (less than) the aggregate liabilities assumed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
Rates and Other Regulatory Activities - Additional Information (Detail) $ in Thousands |
1 Months Ended | 3 Months Ended | 9 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Feb. 19, 2016
USD ($)
|
Dec. 21, 2015
USD ($)
|
Oct. 13, 2015
dekatherm / d
|
Dec. 31, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
mi
|
Sep. 30, 2015
USD ($)
|
Sep. 30, 2016
USD ($)
dekatherm / d
mi
in
|
Sep. 30, 2015
USD ($)
|
Jul. 21, 2016
mi
|
May 12, 2016
mi
|
|
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Public Utilities, Interim Rate Increase (Decrease), Amount | $ | $ 2,500 | |||||||||
| Revenues | $ | $ 108,348 | $ 91,913 | $ 356,986 | $ 354,676 | ||||||
| Final Miles of Pipeline | 23 | |||||||||
| DELAWARE | ||||||||||
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Public Utilities, Requested Rate Increase (Decrease), Amount | $ | $ 4,700 | |||||||||
| Public Utilities, Requested Rate Increase (Decrease), Percentage | 10.00% | |||||||||
| Revenues | $ | 469 | $ 1,350 | ||||||||
| Revenues Net Of Tax | $ | $ 280 | $ 817 | ||||||||
| Public Utilities Interim Requested Rate Increase (Decrease) Percentage | 5.00% | |||||||||
| MARYLAND | ||||||||||
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Public Utilities, Requested Rate Increase (Decrease), Amount | $ | $ 950 | |||||||||
| Public Utilities Interim Requested Rate Increase (Decrease) Percentage | 5.00% | |||||||||
| Eastern Shore [Member] | ||||||||||
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Volume The Expansion Project Is Expected to Provide | dekatherm / d | 53,000 | |||||||||
| Total Capacity After Pipeline Improvements | dekatherm / d | 160,000 | |||||||||
| White Oak Lateral Mainline Expansion [Member] | Eastern Shore [Member] | ||||||||||
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Volume The Expansion Project Is Expected to Provide | dekatherm / d | 45,000 | |||||||||
| Number of pipeline miles | 7.2 | 7.2 | ||||||||
| Lateral diamater of pipeline to be installed | in | 16 | |||||||||
| Horsepower Of Additional Compression | 3,550 | |||||||||
| Miles Of Natural Gas Pipeline | 5.4 | 5.4 | ||||||||
| System Reliability Project [Member] | Eastern Shore [Member] | ||||||||||
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Number of pipeline miles | 10.1 | 10.1 | ||||||||
| Lateral diamater of pipeline to be installed | in | 16 | |||||||||
| Number Of Environmental Conditions | 1 | 1 | 19 | |||||||
| 2017 Expansion Project [Member] | Eastern Shore [Member] | ||||||||||
| Rates and Other Regulatory Activities [Line Items] | ||||||||||
| Volume The Expansion Project Is Expected to Provide | dekatherm / d | 86,437 | |||||||||
| Number of pipeline miles | 33 | |||||||||
| Horsepower Of Additional Compression | 3,550 | |||||||||
| Miles Of Natural Gas Pipeline | 17 | |||||||||
| Pressure Maintenance Operations | 2 | |||||||||
| number of customers | 7 | |||||||||
| firm natural gas transportation deliverability | dekatherm / d | 61,162 | |||||||||
| X | ||||||||||
- Definition Final Miles of Pipeline No definition available.
|
| X | ||||||||||
- Definition firm natural gas transportation deliverability No definition available.
|
| X | ||||||||||
- Definition Horsepower Of Additional Compression No definition available.
|
| X | ||||||||||
- Definition Lateral Diameter Of Pipeline To Be Installed No definition available.
|
| X | ||||||||||
- Definition Miles Of Natural Gas Pipeline No definition available.
|
| X | ||||||||||
- Definition Number Of Environmental Conditions No definition available.
|
| X | ||||||||||
- Definition Number of Pipeline Miles No definition available.
|
| X | ||||||||||
- Definition number of customers No definition available.
|
| X | ||||||||||
- Definition Pressure Control Stations No definition available.
|
| X | ||||||||||
- Definition Public Utilities Interim Requested Rate Increase (Decrease) Percentage No definition available.
|
| X | ||||||||||
- Definition Rates and Other Regulatory Activities [Line Items] No definition available.
|
| X | ||||||||||
- Definition Revenues Net Of Tax No definition available.
|
| X | ||||||||||
- Definition Total Capacity After Pipeline Improvements No definition available.
|
| X | ||||||||||
- Definition Volume The Expansion Project Is Expected to Provide No definition available.
|
| X | ||||||||||
- Definition Amount of public utility's interim rate increase (decrease) allowed while waiting final decision of regulatory agency. No definition available.
|
| X | ||||||||||
- Definition Amount of public utility's requested rate increase (decrease) with regulatory agency. No definition available.
|
| X | ||||||||||
- Definition Percentage of public utility's requested rate increase (decrease) with regulatory agency. No definition available.
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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| X | ||||||||||
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Environmental Commitments and Contingencies - Additional Information (Detail) |
3 Months Ended | 9 Months Ended | |
|---|---|---|---|
|
Sep. 30, 2016
USD ($)
site
claim
|
Sep. 30, 2016
USD ($)
site
claim
|
Dec. 31, 2015
USD ($)
|
|
| Environmental Commitments And Contingencies [Line Items] | |||
| Company's exposure in number of former Manufactured Gas Plant Sites | site | 7 | ||
| Environmental liabilities | $ 8,682,000 | $ 8,682,000 | $ 8,942,000 |
| Restructuring Reserve, Accrual Adjustment | (431,250) | ||
| Proceeds from Legal Settlements | 500,000 | ||
| Seaford [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental liabilities | 273,000 | 273,000 | |
| Regulatory Assets | 267,000 | 267,000 | |
| Accrual for Environmental Loss Contingencies | $ 156,000 | 156,000 | |
| Sanford Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Cost of remedy for settlements of claims | $ 20,000,000 | ||
| Loss Contingency, Pending Claims, Number | claim | 2 | 2 | |
| Environmental remediation expense | $ 24,000 | ||
| Key West Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Period Of Regulatory Inactivity | 17 years | ||
| Environmental Exit Costs, Anticipated Cost | $ 50,000 | ||
| Number of Wells | 2 | ||
| Winter Haven Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental remediation expense | $ 425,000 | ||
| Additional remediation costs | $ 100,000 | $ 100,000 | |
| Salisbury Maryland [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Number of Wells | 1 | ||
| Maximum Costs Of Monitoring Well | $ 5,000 | ||
| Aspire Energy [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Cost of remedy for settlements of claims | $ 1,600,000 | ||
| Number Of Environmental Sites | site | 8 | 8 | |
| FPU [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental liabilities | $ 9,900,000 | $ 9,900,000 | |
| Approval of recovery of environmental costs | 14,000,000 | ||
| Environmental costs recovered | $ 10,500,000 | ||
| FPU [Member] | Sanford Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental remediation expense percent | 5.00% | ||
| FPU [Member] | Manufactured Gas Plant [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Regulatory Assets | 3,500,000 | $ 3,500,000 | |
| Chesapeake [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental liabilities | 298,000 | 298,000 | |
| Minimum [Member] | Seaford [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Estimated costs of remediation range, minimum | 273,000 | ||
| Minimum [Member] | West Palm Beach Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Estimated costs of remediation range, minimum | 4,500,000 | ||
| Maximum [Member] | Seaford [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Estimated costs of remediation range, minimum | $ 465,000 | ||
| Maximum [Member] | West Palm Beach Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Estimated costs of remediation range, minimum | 15,400,000 | ||
| Maximum [Member] | Sanford Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Estimated costs of remediation range, minimum | 13,000,000 | ||
| Maximum [Member] | Key West Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental Exit Costs, Anticipated Cost | 8,000 | ||
| Maximum [Member] | Pensacola Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Environmental Exit Costs, Anticipated Cost | 5,000 | ||
| Maximum [Member] | FPU [Member] | Sanford Florida [Member] | |||
| Environmental Commitments And Contingencies [Line Items] | |||
| Estimated costs of remediation range, minimum | $ 650,000 |
| X | ||||||||||
- Definition Company's exposure in number of former Manufactured Gas Plant Sites. No definition available.
|
| X | ||||||||||
- Definition Environmental Commitments And Contingencies [Line Items] No definition available.
|
| X | ||||||||||
- Definition Estimated Additional Possible Future Environmental Remediation No definition available.
|
| X | ||||||||||
- Definition Estimated environmental remediation expense. No definition available.
|
| X | ||||||||||
- Definition Maximum amount of environmental costs that can be recovered from insurance and customers. No definition available.
|
| X | ||||||||||
- Definition Maximum costs of monitoring well. No definition available.
|
| X | ||||||||||
- Definition Number Of Environmental Sites No definition available.
|
| X | ||||||||||
- Definition Number of Wells to be remediated No definition available.
|
| X | ||||||||||
- Definition Percentage of share in remediation costs. No definition available.
|
| X | ||||||||||
- Definition Period of regulatory inactivity. No definition available.
|
| X | ||||||||||
- Definition Total costs accrued as of the balance sheet date for environmental loss contingencies. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying value of the obligation (known or estimated) arising from requirements to perform activities to remediate one or more sites, payable after twelve months or beyond the next operating cycle if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of any recovery from third parties that is credited to environmental remediation costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Total anticipated costs associated with remediation, site restoration, postclosure, monitoring commitments, or other exit costs that may occur on the sale, disposal, or abandonment of a particular property resulting from unanticipated contamination of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Estimate of reasonably possible loss exposure in excess of amount accrued for remediation, site restoration, postclosure, monitoring commitments, or other exit costs associated with the sale, disposal or abandonment of a particular property resulting from unanticipated contamination of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The charge against earnings in the period for known or estimated future costs arising from requirements to perform environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Number of pending claims pertaining to a loss contingency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Cash received for the settlement of litigation during the current period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount for the individual regulatory asset as itemized in a table of regulatory assets as of the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of expense (reversal of expense) which increases (decreases) the restructuring reserve from an adjustment to a previously accrued restructuring liability. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Commitments and Contingencies - Additional Information (Detail) $ in Thousands, gal in Millions |
3 Months Ended | |
|---|---|---|
|
Sep. 30, 2016
USD ($)
gal
|
Dec. 31, 2015
USD ($)
|
|
| Commitments and Contingencies Disclosure [Abstract] | ||
| Number of years to purchase propane under contract | 6 years | |
| Estimated current annual commitment | gal | 6.5 | |
| Total liabilities to tangible net worth minimum times | 3.75 | |
| Fixed charge coverage ratio minimum times | 1.5 | |
| Time to cure ratio | 30 days | |
| Funds from operations interest coverage ratio minimum times | 2 | |
| Total debt to capital maximum | 0.65 | |
| Maximum authorized liability under such guarantees and letters of credit | $ 65,000 | |
| Aggregate guaranteed amount | 53,900 | |
| Draws on letters of credit | 8,400 | |
| Liability related to unrecognized income tax benefits | $ 50 | |
| Liability related to contingencies for taxes other than income | $ 310 |
| X | ||||||||||
- Definition Annual Estimate Of Volume Of Propane To Be Purchased No definition available.
|
| X | ||||||||||
- Definition Maximum authorized amount under corporate guarantees and letters of credit. No definition available.
|
| X | ||||||||||
- Definition Maximum days to make default good. No definition available.
|
| X | ||||||||||
- Definition Maximum debt to net capital ratio under agreement two. No definition available.
|
| X | ||||||||||
- Definition Maximum liabilities to tangible net worth ratio under agreement one. No definition available.
|
| X | ||||||||||
- Definition Minimum fixed charge coverage ratio under agreement one. No definition available.
|
| X | ||||||||||
- Definition Minimum interest coverage ratio under agreement two. No definition available.
|
| X | ||||||||||
- Definition Number Of Years To Purchase Propane Under Contract No definition available.
|
| X | ||||||||||
- Definition Standby Letters Of Credit No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Maximum potential amount of future payments (undiscounted) the guarantor could be required to make under the guarantee or each group of similar guarantees before reduction for potential recoveries under recourse or collateralization provisions. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount recognized for uncertainty in income taxes classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Carrying value as of the balance sheet date of liabilities incurred through that date and payable for statutory sales and use taxes, including value added tax. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Segment Information - Schedule of Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||||
|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | $ 108,348 | $ 91,913 | $ 356,986 | $ 354,676 | ||||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | 108,348 | 91,913 | 356,986 | 354,676 | ||||
| Operating Income | ||||||||
| Total operating income | 10,156 | 10,909 | 62,277 | 61,587 | ||||
| Other income, net of other expenses | (28) | 36 | (68) | (3) | ||||
| Interest | 2,722 | 2,492 | 7,996 | 7,425 | ||||
| Income Before Income Taxes | 7,406 | 8,453 | 54,213 | 54,159 | ||||
| Income taxes | 2,990 | 3,334 | 21,401 | 21,638 | ||||
| Net Income | 4,416 | 5,119 | 32,812 | 32,521 | $ 41,140 | |||
| Identifiable Assets | ||||||||
| Total identifiable assets | 1,140,510 | 1,140,510 | 1,067,421 | |||||
| Regulated Energy [Member] | ||||||||
| Operating Income | ||||||||
| Total operating income | 13,115 | 11,828 | 52,660 | 47,616 | ||||
| Identifiable Assets | ||||||||
| Total identifiable assets | 921,682 | 921,682 | 872,065 | |||||
| Unregulated Energy [Member] | ||||||||
| Operating Income | ||||||||
| Total operating income | (3,080) | (1,022) | 9,267 | 13,666 | ||||
| Identifiable Assets | ||||||||
| Total identifiable assets | 207,083 | 207,083 | 171,840 | |||||
| Other [Member] | ||||||||
| Identifiable Assets | ||||||||
| Total identifiable assets | 11,745 | 11,745 | $ 23,516 | |||||
| Other and eliminations [Member] | ||||||||
| Operating Income | ||||||||
| Total operating income | 121 | 103 | 350 | 305 | ||||
| Operating Revenues, Unaffiliated Customers [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | 108,348 | 91,913 | 356,986 | 354,676 | ||||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | 108,348 | 91,913 | 356,986 | 354,676 | ||||
| Operating Revenues, Unaffiliated Customers [Member] | Regulated Energy [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | 68,899 | 63,526 | 224,382 | 234,608 | ||||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | 68,899 | 63,526 | 224,382 | 234,608 | ||||
| Operating Revenues, Unaffiliated Customers [Member] | Unregulated Energy [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | 39,449 | 28,387 | 132,604 | 120,068 | ||||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | 39,449 | 28,387 | 132,604 | 120,068 | ||||
| Intersegment Revenues [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 3,953 | 1,712 | 6,712 | 4,585 | |||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 3,953 | 1,712 | 6,712 | 4,585 | |||
| Intersegment Revenues [Member] | Regulated Energy [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 1,120 | 270 | 2,248 | 830 | |||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 1,120 | 270 | 2,248 | 830 | |||
| Intersegment Revenues [Member] | Unregulated Energy [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 2,593 | 1,222 | 3,759 | 3,095 | |||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 2,593 | 1,222 | 3,759 | 3,095 | |||
| Intersegment Revenues [Member] | Other [Member] | ||||||||
| Operating Revenues, Unaffiliated Customers | ||||||||
| Total operating revenues, unaffiliated customers | [1] | 240 | 220 | 705 | 660 | |||
| Intersegment Revenues | ||||||||
| Total operating revenues, unaffiliated customers | [1] | $ 240 | $ 220 | $ 705 | $ 660 | |||
| ||||||||
| X | ||||||||||
- Definition Intersegment revenues. No definition available.
|
| X | ||||||||||
- Definition Operating income. No definition available.
|
| X | ||||||||||
- Definition Total operating revenues unaffiliated customers. No definition available.
|
| X | ||||||||||
- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations before deduction of income tax expense (benefit) and income (loss) attributable to noncontrolling interest, and addition of income (loss) from equity method investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. No definition available.
|
| X | ||||||||||
- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Accumulated Other Comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands |
9 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] | ||
| Beginning balance | $ (5,840) | $ (5,676) |
| Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 641 | (76) |
| Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 170 | 281 |
| Net current-period other comprehensive income (loss) | 811 | 205 |
| Ending balance | (5,029) | (5,471) |
| UnrealizedGainsLossesFromDefinedBenefitPensionAndPostretirementPlanItems [Member] | ||
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] | ||
| Beginning balance | (5,580) | (5,643) |
| Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 0 | 0 |
| Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | 263 | 248 |
| Net current-period other comprehensive income (loss) | 263 | 248 |
| Ending balance | (5,317) | (5,395) |
| Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | ||
| Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] | ||
| Beginning balance | (260) | (33) |
| Other Comprehensive Income (Loss), before Reclassifications, Net of Tax | 641 | (76) |
| Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax | (93) | 33 |
| Net current-period other comprehensive income (loss) | 548 | (43) |
| Ending balance | $ 288 | $ (76) |
| X | ||||||||||
- Definition Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] No definition available.
|
| X | ||||||||||
- Definition Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax, before reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax and reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount after tax of reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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Accumulated Other Comprehensive Income (Loss) - Reclassifications of Accumulated Other Comprehensive Loss (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
||||||
| Amortization of pension and postretirement items: | |||||||||
| Tax benefit | $ (2,990) | $ (3,334) | $ (21,401) | $ (21,638) | |||||
| Reclassification out of Accumulated Other Comprehensive Income [Member] | |||||||||
| Amortization of pension and postretirement items: | |||||||||
| Net of tax | (24) | (83) | (170) | (281) | |||||
| Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | |||||||||
| Amortization of pension and postretirement items: | |||||||||
| Prior service cost | [1] | 20 | 17 | 60 | 50 | ||||
| Net loss | [1] | 166 | 155 | 500 | 465 | ||||
| Total before tax | (146) | (138) | (440) | (415) | |||||
| Tax benefit | 58 | 55 | 177 | 167 | |||||
| Net of tax | (88) | (83) | (263) | (248) | |||||
| Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | |||||||||
| Amortization of pension and postretirement items: | |||||||||
| Other Comprehensive Income Loss Adjustments AOCI Swap Agreements | [2] | 0 | (322) | 0 | |||||
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | [2] | 0 | 0 | 0 | (55) | ||||
| Total before tax | 105 | 0 | 142 | (55) | |||||
| Tax benefit | (41) | (49) | 22 | ||||||
| Net of tax | 64 | 0 | 93 | (33) | |||||
| Natural Gas Futures [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | |||||||||
| Amortization of pension and postretirement items: | |||||||||
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | [2] | $ 105 | $ 0 | $ 464 | $ 0 | ||||
| |||||||||
| X | ||||||||||
- Definition Other Comprehensive Income Loss Adjustments AOCI Swap Agreements No definition available.
|
| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income of accumulated gain (loss) realized from derivative instruments designated and qualifying as the effective portion of cash flow hedges and an entity's share of an equity investee's deferred hedging gain (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount before tax of reclassification adjustment from accumulated other comprehensive income (loss) for actuarial gain (loss) related to pension and other postretirement benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Employee Benefit Plans (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Defined Benefit Plan Disclosure [Line Items] | ||||
| Amortization of prior service cost | $ (20) | $ (17) | $ (60) | $ (50) |
| Amortization of net loss | 274 | 249 | 815 | 745 |
| Chesapeake Pension Plan [Member] | ||||
| Defined Benefit Plan Disclosure [Line Items] | ||||
| Interest cost | 105 | 102 | 315 | 306 |
| Expected return on plan assets | (131) | (135) | (392) | (405) |
| Amortization of prior service cost | 0 | 0 | 0 | 0 |
| Amortization of net loss | 103 | 91 | 309 | 272 |
| Net periodic cost (benefit) | 77 | 58 | 232 | 173 |
| Amortization of pre-merger regulatory asset | 0 | 0 | 0 | 0 |
| Total periodic cost | 77 | 58 | 232 | 173 |
| Florida Public Utilities Company Pension Plan [Member] | ||||
| Defined Benefit Plan Disclosure [Line Items] | ||||
| Interest cost | 635 | 626 | 1,894 | 1,877 |
| Expected return on plan assets | (625) | (777) | (2,027) | (2,330) |
| Amortization of prior service cost | 0 | 0 | 0 | 0 |
| Amortization of net loss | 133 | 114 | 389 | 341 |
| Net periodic cost (benefit) | 143 | (37) | 256 | (112) |
| Amortization of pre-merger regulatory asset | 191 | 191 | 571 | 571 |
| Total periodic cost | 334 | 154 | 827 | 459 |
| Chesapeake Pension SERP [Member] | ||||
| Defined Benefit Plan Disclosure [Line Items] | ||||
| Interest cost | 23 | 23 | 68 | 68 |
| Expected return on plan assets | 0 | 0 | 0 | 0 |
| Amortization of prior service cost | 0 | 2 | 0 | 8 |
| Amortization of net loss | 22 | 25 | 66 | 74 |
| Net periodic cost (benefit) | 45 | 50 | 134 | 150 |
| Amortization of pre-merger regulatory asset | 0 | 0 | 0 | 0 |
| Total periodic cost | 45 | 50 | 134 | 150 |
| Chesapeake Postretirement Plan [Member] | ||||
| Defined Benefit Plan Disclosure [Line Items] | ||||
| Interest cost | 11 | 11 | 32 | 33 |
| Expected return on plan assets | 0 | 0 | 0 | 0 |
| Amortization of prior service cost | (20) | (19) | (60) | (58) |
| Amortization of net loss | 16 | 17 | 51 | 53 |
| Net periodic cost (benefit) | 7 | 9 | 23 | 28 |
| Amortization of pre-merger regulatory asset | 0 | 0 | 0 | 0 |
| Total periodic cost | 7 | 9 | 23 | 28 |
| Florida Public Utilities Company Medical Plan [Member] | ||||
| Defined Benefit Plan Disclosure [Line Items] | ||||
| Interest cost | 14 | 15 | 41 | 45 |
| Expected return on plan assets | 0 | 0 | 0 | 0 |
| Amortization of prior service cost | 0 | 0 | 0 | 0 |
| Amortization of net loss | 0 | 2 | 0 | 5 |
| Net periodic cost (benefit) | 14 | 17 | 41 | 50 |
| Amortization of pre-merger regulatory asset | 2 | 2 | 6 | 6 |
| Total periodic cost | $ 16 | $ 19 | $ 47 | $ 56 |
| X | ||||||||||
- Definition Amortization of pre-merger regulatory asset. No definition available.
|
| X | ||||||||||
- Definition Periodic Cost Benefit No definition available.
|
| X | ||||||||||
- Definition The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition An amount calculated as a basis for determining the extent of delayed recognition of the effects of changes in the fair value of assets. The expected return on plan assets is determined based on the expected long-term rate of return on plan assets and the market-related value of plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount included in accumulated other comprehensive income (AOCI) related to gain (loss) expected to be recognized as components of net periodic benefit cost for the fiscal year that follows the most recent annual statement of financial position. No definition available.
|
| X | ||||||||||
- Definition The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Employee Benefit Plans - Additional Information (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
|
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Expected pension and postretirement benefit costs | $ 1,700 | ||||
| Expected amortization of pre merger regulatory asset | 769 | ||||
| Florida Public Utilities Company Pension Plan [Member] | |||||
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Unamortized balance of regulatory asset | $ 2,300 | 2,300 | $ 2,900 | ||
| Defined Benefit Plan, Net Periodic Benefit Cost | 143 | $ (37) | 256 | $ (112) | |
| Contribution to pension plan | 374 | 1,300 | |||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 1,600 | ||||
| Consolidated [Member] | |||||
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Defined Benefit Plan, Net Periodic Benefit Cost | (917) | ||||
| Chesapeake Pension Plan [Member] | |||||
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Defined Benefit Plan, Net Periodic Benefit Cost | 77 | 58 | 232 | 173 | |
| Contribution to pension plan | 116 | 390 | |||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 508 | ||||
| Chesapeake Pension SERP [Member] | |||||
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Defined Benefit Plan, Net Periodic Benefit Cost | 45 | 50 | 134 | 150 | |
| Contribution to pension plan | 38 | 114 | |||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 151 | ||||
| Chesapeake Postretirement Plan [Member] | |||||
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Defined Benefit Plan, Net Periodic Benefit Cost | 7 | 9 | 23 | 28 | |
| Contribution to pension plan | 23 | 59 | |||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | 82 | ||||
| Florida Public Utilities Company Medical Plan [Member] | |||||
| Defined Benefit Plan Disclosure [Line Items] | |||||
| Defined Benefit Plan, Net Periodic Benefit Cost | 14 | $ 17 | 41 | $ 50 | |
| Contribution to pension plan | $ 32 | 97 | |||
| Defined Benefit Plans, Estimated Future Employer Contributions in Current Fiscal Year | $ 149 | ||||
| X | ||||||||||
- Definition Expected amortization of pre merger regulatory asset. No definition available.
|
| X | ||||||||||
- Definition Expected pension and postretirement benefit costs. No definition available.
|
| X | ||||||||||
- Definition Unamortized balance of regulatory asset. No definition available.
|
| X | ||||||||||
- Definition Amount of contributions made by the employer to defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition The total amount of net periodic benefit cost for defined benefit plans for the period. Periodic benefit costs include the following components: service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) due to settlements or curtailments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of employer's best estimate of contributions expected to be paid to the plan in the current remaining fiscal period. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Employee Benefit Plans - Amounts Included in Regulatory Asset and Accumulated Other Comprehensive Income/Loss Recognized as Net Periodic Benefit Cost (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
||||
| Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] | |||||||
| Prior service cost (credit) | $ (20) | $ (17) | $ (60) | $ (50) | |||
| Net loss | 274 | 249 | 815 | 745 | |||
| Recognized from accumulated other comprehensive loss | [1] | 146 | 138 | 440 | 415 | ||
| Recognized from regulatory asset | 108 | 94 | 315 | 280 | |||
| Total recognized in net periodic benefit cost | 254 | 232 | 755 | 695 | |||
| Chesapeake Pension Plan [Member] | |||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] | |||||||
| Prior service cost (credit) | 0 | 0 | 0 | 0 | |||
| Net loss | 103 | 91 | 309 | 272 | |||
| Recognized from accumulated other comprehensive loss | [1] | 103 | 91 | 309 | 272 | ||
| Recognized from regulatory asset | 0 | 0 | 0 | 0 | |||
| Total recognized in net periodic benefit cost | 103 | 91 | 309 | 272 | |||
| Florida Public Utilities Company Pension Plan [Member] | |||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] | |||||||
| Prior service cost (credit) | 0 | 0 | 0 | 0 | |||
| Net loss | 133 | 114 | 389 | 341 | |||
| Recognized from accumulated other comprehensive loss | [1] | 25 | 22 | 74 | 65 | ||
| Recognized from regulatory asset | 108 | 92 | 315 | 276 | |||
| Total recognized in net periodic benefit cost | 133 | 114 | 389 | 341 | |||
| Chesapeake Pension SERP [Member] | |||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] | |||||||
| Prior service cost (credit) | 0 | 2 | 0 | 8 | |||
| Net loss | 22 | 25 | 66 | 74 | |||
| Recognized from accumulated other comprehensive loss | [1] | 22 | 27 | 66 | 82 | ||
| Recognized from regulatory asset | 0 | 0 | 0 | 0 | |||
| Total recognized in net periodic benefit cost | 22 | 27 | 66 | 82 | |||
| Chesapeake Postretirement Plan [Member] | |||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] | |||||||
| Prior service cost (credit) | (20) | (19) | (60) | (58) | |||
| Net loss | 16 | 17 | 51 | 53 | |||
| Recognized from accumulated other comprehensive loss | [1] | (4) | (2) | (9) | (5) | ||
| Recognized from regulatory asset | 0 | 0 | 0 | 0 | |||
| Total recognized in net periodic benefit cost | (4) | (2) | (9) | (5) | |||
| Florida Public Utilities Company Medical Plan [Member] | |||||||
| Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] | |||||||
| Prior service cost (credit) | 0 | 0 | 0 | 0 | |||
| Net loss | 0 | 2 | 0 | 5 | |||
| Recognized from accumulated other comprehensive loss | [1] | 0 | 0 | 0 | 1 | ||
| Recognized from regulatory asset | 0 | 2 | 0 | 4 | |||
| Total recognized in net periodic benefit cost | $ 0 | $ 2 | $ 0 | $ 5 | |||
| |||||||
| X | ||||||||||
- Definition Defined Benefit Plan Amounts Recognized From Regulatory Asset No definition available.
|
| X | ||||||||||
- Definition Defined Benefit Plan Amounts Recognized Gain (Loss) No definition available.
|
| X | ||||||||||
- Definition Defined Benefit Plans and Other Postretirement Benefit Plans [Line Items] No definition available.
|
| X | ||||||||||
- Definition The amount of the prior service cost or credit recognized in net periodic benefit cost relating to benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount included in accumulated other comprehensive income (AOCI) related to gain (loss) expected to be recognized as components of net periodic benefit cost for the fiscal year that follows the most recent annual statement of financial position. No definition available.
|
| X | ||||||||||
- Definition Amount before tax, after reclassification adjustments, of (increase) decrease in accumulated other comprehensive (income) loss related to pension and other postretirement defined benefit plans. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Investments - Schedule of Investments (Details) - USD ($) $ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Investments schedule [Line Items] | ||
| Investments, at fair value | $ 4,630 | $ 3,644 |
| Rabbi Trust Associated With Deferred Compensation Plan [Member] | ||
| Investments schedule [Line Items] | ||
| Investments, at fair value | $ 4,609 | 3,626 |
| Equity Securities [Member] | ||
| Investments schedule [Line Items] | ||
| Investments, at fair value | $ 18 |
| X | ||||||||||
- Definition [Line Items] for Investments schedule [Table] No definition available.
|
| X | ||||||||||
- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Investments - Additional Information (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Investments, Debt and Equity Securities [Abstract] | ||||
| Unrealized gain, net of other expenses | $ 193 | $ 238 | $ 246 | $ 131 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount of unrealized holding gain (loss) recognized in the income statement for investments in debt and equity securities and other forms of securities that provide ownership interests classified as trading. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Share-Based Compensation - Share-Based Compensation Amounts Included in Net Income (Detail) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Total compensation expense | $ 623 | $ 499 | $ 1,887 | $ 1,445 |
| Less: tax benefit | (251) | (201) | (760) | (582) |
| Share-Based Compensation amounts included in net income | 372 | 298 | 1,127 | 863 |
| Awards to non-employee directors [Member] | ||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Total compensation expense | 135 | 165 | 445 | 475 |
| Award to key employees [Member] | ||||
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | ||||
| Total compensation expense | $ 488 | $ 334 | $ 1,442 | $ 970 |
| X | ||||||||||
- Definition Represents the expense recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The amount of expense, net of income tax, recognized during the period arising from equity-based compensation arrangements (for example, shares of stock, unit, stock options or other equity instruments) with employees, directors and certain consultants qualifying for treatment as employees. No definition available.
|
| X | ||||||||||
- Definition The total recognized tax benefit related to compensation cost for equity-based payment arrangements recognized in income during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-Based Compensation - Summary of Stock Activity under the SICP (Detail) |
9 Months Ended |
|---|---|
|
Sep. 30, 2016
$ / shares
shares
| |
| Number of Shares | |
| Granted (shares) | 953 |
| Awards to non-employee directors [Member] | |
| Number of Shares | |
| Outstanding - December 31, 2015 (shares) | 0 |
| Granted (shares) | 8,577 |
| Vested (shares) | (8,577) |
| Outstanding - September 30, 2016 (shares) | 0 |
| Weighted Average Fair Value | |
| Outstanding - December 31, 2015 (in dollars per share) | $ / shares | $ 0.00 |
| Granted (in dollars per share) | $ / shares | 62.90 |
| Vested (in dollars per share) | $ / shares | 62.90 |
| Outstanding - September 30, 2016 (in dollars per share) | $ / shares | $ 0.00 |
| Award to key employees [Member] | |
| Number of Shares | |
| Outstanding - December 31, 2015 (shares) | 110,398 |
| Granted (shares) | 46,571 |
| Vested (shares) | (39,553) |
| Expired (shares) | (2,325) |
| Outstanding - September 30, 2016 (shares) | 115,091.000 |
| Weighted Average Fair Value | |
| Outstanding - December 31, 2015 (in dollars per share) | $ / shares | $ 38.34 |
| Granted (in dollars per share) | $ / shares | 67.90 |
| Vested (in dollars per share) | $ / shares | 31.79 |
| Expired (in dollars per share) | $ / shares | 42.25 |
| Outstanding - September 30, 2016 (in dollars per share) | $ / shares | $ 52.36 |
| X | ||||||||||
- Definition Share based compensation arrangement by share based payment award equity instruments other than options expirations weighted average grant date fair value. No definition available.
|
| X | ||||||||||
- Definition Share based compensation arrangement by share based payment award equity instruments other than options expired in period. No definition available.
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted average fair value at grant date for nonvested equity-based awards issued during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of non-vested equity-based payment instruments, excluding stock (or unit) options, that validly exist and are outstanding as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The weighted average fair value of nonvested awards on equity-based plans excluding option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, revenue or profit achievement stock award plan) for which the employer is contingently obligated to issue equity instruments or transfer assets to an employee who has not yet satisfied service or performance criteria necessary to gain title to proceeds from the sale of the award or underlying shares or units. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
|
| X | ||||||||||
- Definition The number of equity-based payment instruments, excluding stock (or unit) options, that vested during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The weighted average fair value as of grant date pertaining to an equity-based award plan other than a stock (or unit) option plan for which the grantee gained the right during the reporting period, by satisfying service and performance requirements, to receive or retain shares or units, other instruments, or cash in accordance with the terms of the arrangement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Share-Based Compensation - Additional Information (Detail) $ in Thousands |
9 Months Ended |
|---|---|
|
Sep. 30, 2016
USD ($)
shares
| |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Granted awards (shares) | shares | 953 |
| Unrecognized compensation cost | $ | $ 2,700 |
| Awards to non-employee directors [Member] | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Amortization of expense equally over a service period | 1 year |
| Granted awards (shares) | shares | 8,577 |
| Unrecognized compensation expense related to the awards to non-employee directors | $ | $ 314 |
| Award to key employees [Member] | |
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |
| Granted awards (shares) | shares | 46,571 |
| Vesting period | 3 years |
| Intrinsic value of the SICP awards | $ | $ 7,000 |
| X | ||||||||||
- Definition Period for amortization of share based expenses. No definition available.
|
| X | ||||||||||
- Definition Unrecognized cost of unvested share-based compensation awards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Unrecognized cost of unvested share-based awards, other than options, awarded to employees as compensation. No definition available.
|
| X | ||||||||||
- Definition Period which an employee's right to exercise an award is no longer contingent on satisfaction of either a service condition, market condition or a performance condition, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition The number of grants made during the period on other than stock (or unit) option plans (for example, phantom stock or unit plan, stock or unit appreciation rights plan, performance target plan). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Intrinsic value of equity-based compensation awards not vested. Excludes stock and unit options. No definition available.
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
Derivative Instruments - Additional Information (Detail) $ in Thousands, gal in Millions |
3 Months Ended | 9 Months Ended | 12 Months Ended |
|---|---|---|---|
|
Sep. 30, 2016
USD ($)
Counterparty
$ / gal
|
Sep. 30, 2016
USD ($)
Counterparty
$ / gal
gal
|
Dec. 31, 2015
USD ($)
Counterparty
$ / gal
gal
|
|
| Derivative [Line Items] | |||
| Energy Marketing Contracts Assets, Current | $ 477 | $ 477 | $ 153 |
| Energy Marketing Contract Liabilities, Current | 29 | $ 29 | $ 433 |
| Propane Swap Agreement [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Nonmonetary Notional Amount, Volume | gal | 4.1 | 2.5 | |
| Cash Paid On Derivative Settlement | 484 | ||
| Put Option [Member] | |||
| Derivative [Line Items] | |||
| Payments for Derivative Instrument, Financing Activities | $ 143 | ||
| Cash Received On Derivative Settlement | $ 239 | ||
| Forward Contracts [Member] | |||
| Derivative [Line Items] | |||
| Number Of Counterparties With Master Repurchase Agreements | Counterparty | 2 | 2 | 2 |
| Accounts Payable Subject To Master Netting Arrangement | $ 431 | ||
| Mark To Market Energy Assets [Member] | Propane [Member] | |||
| Derivative [Line Items] | |||
| Energy Marketing Contracts Assets, Current | $ 237 | $ 237 | |
| Mark To Market Energy Assets [Member] | Future [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Nonmonetary Notional Amount, Volume | gal | 6.0 | ||
| Mark To Market Energy Liabilities [Member] | Future [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Nonmonetary Notional Amount, Volume | gal | 1.8 | ||
| Strike Price 4 [Member] | Propane Swap Agreement [Member] | |||
| Derivative [Line Items] | |||
| Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.5250 | 0.5250 | 0.5200 |
| Strike Price 2 [Member] | Propane Swap Agreement [Member] | |||
| Derivative [Line Items] | |||
| Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.5525 | 0.5525 | 0.5950 |
| Put Option Strike Price 1 [Member] | Put Option [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Price Risk Option Strike Price | $ / gal | 0.4950 | ||
| Put Option Strike Price 2 [Member] | Put Option [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Price Risk Option Strike Price | $ / gal | 0.4888 | ||
| Put Option Strike Price 3 [Member] | Put Option [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Price Risk Option Strike Price | $ / gal | 0.4500 | ||
| Put Option Strike Price 4 [Member] | Put Option [Member] | |||
| Derivative [Line Items] | |||
| Derivative, Price Risk Option Strike Price | $ / gal | 0.4200 |
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- Definition Accounts Payable Subject To Master Netting Arrangement No definition available.
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- Definition Cash Received On Derivative Settlement No definition available.
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- Definition Number Of Counterparties With Master Repurchase Agreements No definition available.
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- Definition Strike Price Per Gallon For The Propane Swap Agreements No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Nominal volume used to calculate payments on a derivative instrument. No definition available.
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- Definition The strike price on the price risk option contract such as a put option or a call option. No definition available.
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| X | ||||||||||
- Definition Current liabilities attributable to energy marketing activities (trading activities). Current energy marketing (trading activities) are when entities engage in both financial and physical trading to increase profits, manage their commodity price risk and enhance system reliability. They may trade electricity, coal, natural gas and oil. These entities typically use a variety of financial instruments, including forward contracts, options and swaps. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of the asset arising from energy trading activities that involves the purchase and sale of energy under forward contracts at fixed and variable prices and the buying and selling of financial energy contracts that include exchange futures and options and over the counter options and swaps, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash outflow for derivative instruments during the period, which are classified as financing activities, excluding those designated as hedging instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments - Natural Gas Commodity Contracts Fair Value Hedges (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | |||
|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2016 |
||||
| Effect of Fair Value Hedges on Results of Operations [Abstract] | |||||
| Change in Unrealized Gain (Loss) on Fair Value Hedging Instruments | [1] | $ 0 | $ (233) | ||
| Change in Unrealized Gain (Loss) on Hedged Item in Fair Value Hedge | [1] | 0 | 681 | ||
| Gain (Loss) on Fair Value Hedges Recognized in Earnings | [1] | 0 | 448 | ||
| Loss on Fair Value Hedge Ineffectiveness | [1] | 0 | (83) | ||
| Gain on Fair Value Hedge Ineffectiveness | [1] | 0 | 531 | ||
| Gain (Loss) on Fair Value Hedge Ineffectiveness, Net | [1] | $ 0 | $ 448 | ||
| |||||
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- Definition Amount of gain (loss) from the increase (decrease) in fair value of derivative and nonderivative instruments designated as fair value hedging instruments recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the increase (decrease) in fair value of the hedged item in a fair value hedge recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of gain (loss)recognized in the income statement from the hedging ineffectiveness of a fair value hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total amount of gain (loss) derived from fair value hedges recognized in earnings in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of gain recognized in the income statement from the hedging ineffectiveness of a fair value hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of recognized loss from the hedging ineffectiveness of a fair value hedge. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments - Fair Values of Derivative Contracts Recorded in Condensed Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contracts Assets, Current | $ 477 | $ 153 |
| Energy Marketing Contract Liabilities, Current | 29 | 433 |
| Mark To Market Energy Assets [Member] | Forward Contracts [Member] | Derivatives not designated as hedging instruments [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contracts Assets, Current | 0 | 1 |
| Mark To Market Energy Assets [Member] | Put Option [Member] | Derivatives designated as hedging instrument [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contracts Assets, Current | 0 | 152 |
| Mark To Market Energy Assets [Member] | Future [Member] | Derivatives designated as hedging instrument [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contracts Assets, Current | 240 | 0 |
| Mark To Market Energy Assets [Member] | Propane [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contracts Assets, Current | 237 | |
| Mark To Market Energy Assets [Member] | Propane [Member] | Derivatives designated as hedging instrument [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contracts Assets, Current | 237 | 0 |
| Mark-to-market energy liabilities [Member] | Forward Contracts [Member] | Derivatives not designated as hedging instruments [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contract Liabilities, Current | 0 | 1 |
| Mark-to-market energy liabilities [Member] | Future [Member] | Derivatives not designated as hedging instruments [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contract Liabilities, Current | 29 | 0 |
| Mark-to-market energy liabilities [Member] | Future [Member] | Derivatives designated as hedging instrument [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contract Liabilities, Current | 0 | 109 |
| Mark-to-market energy liabilities [Member] | Propane Swap Agreement [Member] | Derivatives designated as hedging instrument [Member] | ||
| Derivatives, Fair Value [Line Items] | ||
| Energy Marketing Contract Liabilities, Current | $ 0 | $ 323 |
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Current liabilities attributable to energy marketing activities (trading activities). Current energy marketing (trading activities) are when entities engage in both financial and physical trading to increase profits, manage their commodity price risk and enhance system reliability. They may trade electricity, coal, natural gas and oil. These entities typically use a variety of financial instruments, including forward contracts, options and swaps. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition Carrying amount as of the balance sheet date of the asset arising from energy trading activities that involves the purchase and sale of energy under forward contracts at fixed and variable prices and the buying and selling of financial energy contracts that include exchange futures and options and over the counter options and swaps, which are expected to be converted into cash or otherwise disposed of within a year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments - Effects of Gains and Losses from Derivative Instruments on Condensed Consolidated Financial Statements (Detail) - USD ($) |
3 Months Ended | 9 Months Ended | |||||||
|---|---|---|---|---|---|---|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
Sep. 30, 2016 |
Sep. 30, 2015 |
||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | $ 167,000 | $ 8,000 | $ 1,097,000 | $ 700,000 | |||||
| Revenue [Member] | Derivatives not designated as hedging instruments [Member] | Forward Contracts [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | [1] | (231,000) | 187,000 | 44,000 | 393,000 | ||||
| Gain (Loss) on derivatives | [1] | (2,000) | (7,000) | 0 | 71,000 | ||||
| Cost of Sales [Member] | Derivatives not designated as hedging instruments [Member] | Future [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Gain (Loss) on derivatives | 204,700 | 0 | 205,000 | 0 | |||||
| Cost of Sales [Member] | Derivatives not designated as hedging instruments [Member] | Propane Swap Agreement [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | 0 | 0 | 0 | 18,000 | |||||
| Cost of Sales [Member] | Derivatives designated as hedging instrument [Member] | Future [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Gain (Loss) on derivatives | 105,000 | 0 | 464,000 | 0 | |||||
| Cost of Sales [Member] | Derivatives designated as hedging instrument [Member] | Propane Swap Agreement [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | 0 | 0 | (364,000) | 0 | |||||
| Cost of Sales [Member] | Derivatives designated as hedging instrument [Member] | Put Option [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | [2] | 0 | 0 | 73,000 | 506,000 | ||||
| Cost of Sales [Member] | Derivatives designated as hedging instrument [Member] | Call Option [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | 0 | 0 | 0 | (81,000) | |||||
| Inventories [Member] | Derivatives designated as hedging instrument [Member] | Put/Call Option [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Derivative, Gain (Loss) on Derivative, Net | [2] | 0 | (46,000) | 0 | (79,000) | ||||
| Inventories [Member] | Derivatives designated as hedging instrument [Member] | Natural Gas Futures [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Gain (Loss) on derivatives | 0 | 0 | (233,000) | 0 | |||||
| Other Comprehensive Income (Loss) [Member] | Derivatives designated as hedging instrument [Member] | Future [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Gain (Loss) on derivatives | (123,000) | 0 | 349,000 | 0 | |||||
| Other Comprehensive Income (Loss) [Member] | Derivatives designated as hedging instrument [Member] | Propane Swap Agreement [Member] | |||||||||
| Derivative Instruments, Gain (Loss) [Line Items] | |||||||||
| Gain (Loss) on derivatives | $ 213,000 | $ (126,000) | $ 559,000 | $ (128,000) | |||||
| |||||||||
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- Definition Amount of increase (decrease) in the fair value of derivatives recognized in the income statement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition The net change in the difference between the fair value and the carrying value, or in the comparative fair values, of derivative instruments, including options, swaps, futures, and forward contracts, held at each balance sheet date, that was included in earnings for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Assets: | ||
| Investments | $ 4,630 | $ 3,644 |
| Equity Securities [Member] | ||
| Assets: | ||
| Investments | 18 | |
| Quoted Prices in Active Markets (Level 1) [Member] | Mark-to-market energy liabilities [Member] | ||
| Liabilities: | ||
| Mark-to-market energy liabilities | 0 | 0 |
| Quoted Prices in Active Markets (Level 1) [Member] | Equity Securities [Member] | ||
| Assets: | ||
| Investments | 21 | 18 |
| Quoted Prices in Active Markets (Level 1) [Member] | Investments in guaranteed income fund [Member] | ||
| Assets: | ||
| Investments | 0 | 0 |
| Quoted Prices in Active Markets (Level 1) [Member] | Investments - other [Member] | ||
| Assets: | ||
| Investments | 4,124 | 3,347 |
| Quoted Prices in Active Markets (Level 1) [Member] | Mark To Market Energy Assets Including Put Option [Member] | ||
| Assets: | ||
| Mark-to-market energy assets | 0 | 0 |
| Significant Other Observable Inputs (Level 2) [Member] | Mark-to-market energy liabilities [Member] | ||
| Liabilities: | ||
| Mark-to-market energy liabilities | 29 | 433 |
| Significant Other Observable Inputs (Level 2) [Member] | Equity Securities [Member] | ||
| Assets: | ||
| Investments | 0 | 0 |
| Significant Other Observable Inputs (Level 2) [Member] | Investments in guaranteed income fund [Member] | ||
| Assets: | ||
| Investments | 0 | 0 |
| Significant Other Observable Inputs (Level 2) [Member] | Investments - other [Member] | ||
| Assets: | ||
| Investments | 0 | 0 |
| Significant Other Observable Inputs (Level 2) [Member] | Mark To Market Energy Assets Including Put Option [Member] | ||
| Assets: | ||
| Mark-to-market energy assets | 477 | 153 |
| Significant Unobservable Inputs (Level 3) [Member] | Mark-to-market energy liabilities [Member] | ||
| Assets: | ||
| Mark-to-market energy assets | 0 | 0 |
| Significant Unobservable Inputs (Level 3) [Member] | Equity Securities [Member] | ||
| Assets: | ||
| Investments | 0 | 0 |
| Significant Unobservable Inputs (Level 3) [Member] | Investments in guaranteed income fund [Member] | ||
| Assets: | ||
| Investments | 485 | 279 |
| Significant Unobservable Inputs (Level 3) [Member] | Investments - other [Member] | ||
| Assets: | ||
| Investments | 0 | 0 |
| Recurring [Member] | Mark-to-market energy liabilities [Member] | ||
| Liabilities: | ||
| Mark-to-market energy liabilities | 29 | 433 |
| Recurring [Member] | Equity Securities [Member] | ||
| Assets: | ||
| Investments | 21 | 18 |
| Recurring [Member] | Investments in guaranteed income fund [Member] | ||
| Assets: | ||
| Investments | 485 | 279 |
| Recurring [Member] | Investments - other [Member] | ||
| Assets: | ||
| Investments | 4,124 | 3,347 |
| Recurring [Member] | Mark To Market Energy Assets Including Put Option [Member] | ||
| Assets: | ||
| Mark-to-market energy assets | $ 477 | $ 153 |
| X | ||||||||||
- References No definition available.
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- Definition Fair value, after the effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value, after the effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities not subject to a master netting arrangement and not elected to be offset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Fair Value of Financial Instruments - Summary of Changes in Fair Value of Investments (Detail) - USD ($) $ in Thousands |
9 Months Ended | |
|---|---|---|
Sep. 30, 2016 |
Sep. 30, 2015 |
|
| Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
| Beginning Balance | $ 279 | $ 287 |
| Purchases and adjustments | 120 | (11) |
| Transfers | (88) | (3) |
| Distribution | (8) | 0 |
| Investment Income | 6 | 3 |
| Ending Balance | $ 485 | $ 276 |
| X | ||||||||||
- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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- Definition Amount of gain (loss) recognized in the income statement for financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Amount of purchases, (sales), issuances and (settlements) of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of sale of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of transfers of financial instrument classified as an asset out of level 3 of the fair value hierarchy. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Fair value of financial instrument classified as an asset measured using unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions |
Sep. 30, 2016 |
Dec. 31, 2015 |
|---|---|---|
| Fair Value Disclosures [Abstract] | ||
| Long-term debt including current maturities | $ 151.8 | $ 153.7 |
| Fair value of long-term debt | $ 173.5 | $ 165.1 |
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
- Definition The fair value amount of long-term debt whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may be used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. No definition available.
|
Long-Term Debt - Outstanding Long-Term Debt (Detail) - USD ($) $ in Thousands |
Sep. 30, 2016 |
Dec. 31, 2015 |
||
|---|---|---|---|---|
| Debt Instrument [Line Items] | ||||
| Total long-term debt | $ 151,800 | $ 153,700 | ||
| Capital lease obligation | 3,814 | 4,824 | ||
| Total Long-term debt | 155,913 | 158,490 | ||
| Less: current maturities | (12,087) | (9,151) | ||
| Less: debt issuance costs | (301) | (333) | ||
| Total long-term debt, net of current maturities | 143,525 | 149,006 | ||
| 9.08% bond, due June 1, 2022 [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | [1] | 7,976 | 7,973 | |
| 6.64% note, due October 31, 2017 [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 5,455 | 5,455 | ||
| 5.50% note, due October 12, 2020 [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 10,000 | 10,000 | ||
| 5.93% note, due October 31, 2023 [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 22,500 | 24,000 | ||
| 5.68% note, due June 30, 2026 [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 29,000 | 29,000 | ||
| Uncollateralized Senior Notes Due On May Two Thousand Twenty Eight [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 7,000 | 7,000 | ||
| Uncollateralized Senior Note Two Due on December Two Thousand Twenty Eight [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 20,000 | 20,000 | ||
| Uncollateralized Senior Notes Due On Two Thousand Twenty Nine [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | 50,000 | 50,000 | ||
| Promissory note [Member] | ||||
| Debt Instrument [Line Items] | ||||
| Total long-term debt | $ 168 | $ 238 | ||
| ||||
| X | ||||||||||
- Definition Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
|
| X | ||||||||||
- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
| X | ||||||||||
- Definition Amount of long-term debt and capital lease obligation due after one year or beyond the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after unamortized (discount) premium and debt issuance costs, of long-term debt, classified as current. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount after unamortized (discount) premium and debt issuance costs of long-term debt classified as noncurrent and excluding amounts to be repaid within one year or the normal operating cycle, if longer. Includes, but not limited to, notes payable, bonds payable, debentures, mortgage loans and commercial paper. Excludes capital lease obligations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The remaining balance of debt issuance expenses that were capitalized and are being amortized against income over the lives of the respective bond issues. This does not include the amounts capitalized as part of the cost of the utility plant or asset. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt - Outstanding Long-Term Debt- Supplemental Information (Detail) |
9 Months Ended |
|---|---|
Sep. 30, 2016 | |
| 9.08% bond, due June 1, 2022 [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 9.08% |
| Debt instrument, maturity date | Jun. 01, 2022 |
| 6.64% note, due October 31, 2017 [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 6.64% |
| Debt instrument, maturity date | Oct. 31, 2017 |
| 5.50% note, due October 12, 2020 [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 5.50% |
| Debt instrument, maturity date | Oct. 12, 2020 |
| 5.93% note, due October 31, 2023 [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 5.93% |
| Debt instrument, maturity date | Oct. 31, 2023 |
| 5.68% note, due June 30, 2026 [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 5.68% |
| Debt instrument, maturity date | Jun. 30, 2026 |
| Uncollateralized Senior Notes Due On May Two Thousand Twenty Eight [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 6.43% |
| Debt instrument, maturity date | May 02, 2028 |
| Uncollateralized Senior Note Two Due on December Two Thousand Twenty Eight [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 3.73% |
| Debt instrument, maturity date | Dec. 16, 2028 |
| Uncollateralized Senior Notes Due On Two Thousand Twenty Nine [Member] | |
| Debt Instrument [Line Items] | |
| Long-term debt, interest percentage | 3.88% |
| Debt instrument, maturity date | May 15, 2029 |
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Date when the debt instrument is scheduled to be fully repaid, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt - Additional Information (Detail) - Notes Payable, Other Payables [Member] - Shelf Notes [Member] - USD ($) $ in Millions |
9 Months Ended | |
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Sep. 30, 2016 |
May 13, 2016 |
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| Debt Instrument [Line Items] | ||
| Senior notes | $ 150.0 | $ 70.0 |
| Maturity date term | 20 years | |
| Debt Instrument, Interest Rate, Stated Percentage | 3.25% |
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Period of time between issuance and maturity of debt instrument, in PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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Short-Term Borrowing - Additional Information (Details) - USD ($) |
3 Months Ended | 9 Months Ended | |||
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Oct. 08, 2015 |
Sep. 30, 2016 |
Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
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| Short-term Debt [Line Items] | |||||
| Proceeds from Issuance of Common Stock | $ 57,306,000 | $ 0 | |||
| Revolving Credit Facility [Member] | |||||
| Short-term Debt [Line Items] | |||||
| Current borrowing capacity | $ 150,000,000.0 | ||||
| Expiration period | 5 years | ||||
| Expiration period from anniversary (up to) | 2 years | ||||
| Maximum borrowing capacity | $ 200,000,000.0 | 200,000,000.0 | |||
| Uncommitted Line Of Credit Facility One [Member] | |||||
| Short-term Debt [Line Items] | |||||
| Line of credit | $ 50,000,000 | $ 50,000,000 | $ 35,000,000 | ||
| London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | |||||
| Short-term Debt [Line Items] | |||||
| Interest rate | 125.00% | ||||
| Base Rate [Member] | Revolving Credit Facility [Member] | |||||
| Short-term Debt [Line Items] | |||||
| Interest rate | 25.00% | ||||
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- Definition Number Of Years Of Extension of Credit Facility Expiration Date No definition available.
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- Definition Percentage points added to the reference rate to compute the variable rate on the debt instrument. No definition available.
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- Definition Amount of current borrowing capacity under the credit facility considering any current restrictions on the amount that could be borrowed (for example, borrowings may be limited by the amount of current assets), but without considering any amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Period remaining on line of credit facility before it terminates, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. No definition available.
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- Definition Maximum borrowing capacity under the credit facility without consideration of any current restrictions on the amount that could be borrowed or the amounts currently outstanding under the facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The carrying value as of the balance sheet date of the current portion of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount. Examples of items that might be included in the application of this element may consist of letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to a maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line. Includes short-term obligations that would normally be classified as current liabilities but for which (a) postbalance sheet date issuance of a long term obligation to refinance the short term obligation on a long term basis, or (b) the enterprise has entered into a financing agreement that clearly permits the enterprise to refinance the short-term obligation on a long term basis and the following conditions are met (1) the agreement does not expire within 1 year and is not cancelable by the lender except for violation of an objectively determinable provision, (2) no violation exists at the BS date, and (3) the lender has entered into the financing agreement is expected to be financially capable of honoring the agreement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The cash inflow from the additional capital contribution to the entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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