Document and Entity Information - USD ($) $ in Billions |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Feb. 20, 2018 |
Jun. 30, 2017 |
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Document Document And Entity Information [Abstract] | |||
Entity Central Index Key | 0000019745 | ||
Current Fiscal Year End Date | --12-31 | ||
Entity Filer Category | Accelerated Filer | ||
Document Type | 10-K | ||
Document Period End Date | Dec. 31, 2017 | ||
Document Fiscal Year Focus | 2017 | ||
Document Fiscal Period Focus | FY | ||
Trading Symbol | CPK | ||
Amendment Flag | false | ||
Entity Common Stock, Shares Outstanding | CHESAPEAKE UTILITIES CORP | ||
Entity Well-known Seasoned Issuer | No | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Public Float | $ 1.2 | ||
Entity Common Stock, Shares Outstanding | 16,344,442 |
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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 "Yes" or "No" whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. 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 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 State aggregate market value of voting and non-voting common equity held by non-affiliates computed by reference to price at which the common equity was last sold, or average bid and asked price of such common equity, as of the last business day of registrant's most recently completed second fiscal quarter. The public float should be reported on the cover page of the registrants form 10K. 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 Indicate "Yes" or "No" if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. No definition available.
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- Definition Indicate "Yes" or "No" if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A. No definition available.
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- Definition Trading symbol of an instrument as listed on an exchange. No definition available.
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Consolidated Statements of Income - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Operating Revenues | |||
Regulated Energy | $ 326,310 | $ 305,689 | $ 301,902 |
Unregulated Energy | 324,595 | 203,778 | 162,108 |
Other businesses and eliminations | (33,322) | (10,607) | (4,766) |
Total operating revenues | 617,583 | 498,860 | 459,244 |
Operating Expenses | |||
Regulated Energy cost of sales | 118,769 | 109,609 | 122,814 |
Unregulated Energy and other cost of sales | 219,145 | 128,434 | 97,228 |
Operations | 127,571 | 117,571 | 107,562 |
Maintenance | 12,701 | 12,391 | 11,803 |
Gain from a settlement | (130) | (130) | (1,500) |
Depreciation and amortization | 36,599 | 32,159 | 29,972 |
Other taxes | 17,085 | 14,730 | 13,607 |
Total operating expenses | 531,740 | 414,764 | 381,486 |
Operating Income | 85,843 | 84,096 | 77,758 |
Other (expense) income, net | (765) | (441) | 293 |
Interest charges | 12,645 | 10,639 | 10,006 |
Income Before Income Taxes | 72,433 | 73,016 | 68,045 |
Income taxes | 14,309 | 28,341 | 26,905 |
Net Income | $ 58,124 | $ 44,675 | $ 41,140 |
Weighted Average Common Shares Outstanding: | |||
Basic (in shares) | 16,336,789 | 15,570,539 | 15,094,423 |
Diluted (in shares) | 16,383,352 | 15,613,091 | 15,143,373 |
Earnings Per Share of Common Stock: | |||
Basic (in usd per share) | $ 3.56 | $ 2.87 | $ 2.73 |
Diluted (in usd per share) | 3.55 | 2.86 | 2.72 |
Cash Dividends Declared Per Share of Common Stock (in usd per share) | $ 1.2800 | $ 1.2025 | $ 1.1325 |
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- Definition Operations. No definition available.
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X | ||||||||||
- 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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X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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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
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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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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
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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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- 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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X | ||||||||||
- 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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X | ||||||||||
- 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 Amount, after sales adjustments, returns, allowances, and discounts, of revenue 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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X | ||||||||||
- Definition Amount of tax expense classified as other. No definition available.
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X | ||||||||||
- 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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Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Statement of Comprehensive Income [Abstract] | |||
Net Income | $ 58,124 | $ 44,675 | $ 41,140 |
Employee Benefits, net of tax: | |||
Amortization of prior service cost, net of tax of $(31), $(29) and $(27), respectively | (46) | (48) | (40) |
Net gain, net of tax of $432, $178, and $73, respectively | 663 | 268 | 103 |
Cash Flow Hedges, net of tax: | |||
Unrealized (loss)/gain on commodity contract cash flow hedges, net of tax of $(8), $496 and $(150), respectively | (11) | 742 | (227) |
Total Other Comprehensive Income (Loss) | 606 | 962 | (164) |
Comprehensive Income | $ 58,730 | $ 45,637 | $ 40,976 |
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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) of defined benefit plan. 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 gain (loss) of defined benefit plan. 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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Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
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Statement of Comprehensive Income [Abstract] | |||
Tax expense recognized on the amortization of prior service cost | $ (31,000) | $ (29,000) | $ (27,000) |
Tax expense recognized on the net gain (loss) | 432,000 | 178,000 | 73,000 |
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, Tax | $ (8,000) | $ 496,000 | $ (150,000) |
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- Definition Amount of tax (expense) benefit of reclassification adjustment from accumulated other comprehensive (income) loss for prior service cost (credit) of defined benefit plan. 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 gain (loss) of defined benefit plan. 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 Depreciation and accretion included in other costs No definition available.
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- References 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 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
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. 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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- Definition Amount of cost (reversal of cost) for employee benefits and share-based payment arrangement. Includes, but is not limited to, pension, other postretirement, postemployment and termination benefits. No definition available.
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- Definition Amount of gain (loss) on sale or disposal of assets, including but not limited to property plant and equipment, intangible assets and equity in securities of subsidiaries or equity method investee. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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- 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
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- 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
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- 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
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- 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
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- References No definition available.
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X | ||||||||||
- Definition Amount of increase (decrease) in operating liabilities classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition Amount of increase (decrease) in prepaid expenses, and assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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- References No definition available.
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- 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
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X | ||||||||||
- References No definition available.
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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
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X | ||||||||||
- References No definition available.
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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 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
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- Definition Cash outflows made during the period for environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- 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
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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 The cash inflow from a debt initially having maturity due after one year or beyond the operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition The net cash inflow or outflow resulting from the entity's share transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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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
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- 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
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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 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
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Consolidated Balance Sheets - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
||
---|---|---|---|---|
Property, Plant and Equipment | ||||
Regulated Energy | $ 1,073,736 | $ 957,681 | ||
Unregulated Energy | 210,682 | 196,800 | ||
Other businesses and eliminations | 27,699 | 21,114 | ||
Total property, plant and equipment | 1,312,117 | 1,175,595 | ||
Less: Accumulated depreciation and amortization | (270,599) | (245,207) | ||
Plus: Construction work in progress | 84,509 | 56,276 | ||
Net property, plant and equipment | 1,126,027 | 986,664 | ||
Current Assets | ||||
Cash and cash equivalents | 5,614 | 4,178 | ||
Accounts receivable (less allowance for uncollectible accounts of $936 and $909, respectively) | 77,223 | 62,803 | ||
Accrued revenue | 22,279 | 16,986 | ||
Propane inventory, at average cost | 8,324 | 6,457 | ||
Other inventory, at average cost | 12,022 | 4,576 | ||
Regulatory assets | 10,930 | 7,694 | ||
Storage gas prepayments | 5,250 | 5,484 | ||
Income taxes receivable | 14,778 | 22,888 | ||
Prepaid expenses | 13,621 | 6,792 | ||
Derivative assets, at fair value | 1,286 | 823 | ||
Other current assets | 7,260 | 2,470 | ||
Total current assets | 178,587 | 141,151 | ||
Deferred Charges and Other Assets | ||||
Goodwill | 22,104 | 15,070 | ||
Other intangible assets, net | 4,686 | 1,843 | ||
Investments, at fair value | 6,756 | 4,902 | ||
Regulatory assets | 75,575 | 76,803 | ||
Receivables and other deferred charges | 3,699 | 2,786 | ||
Total deferred charges and other assets | 112,820 | 101,404 | ||
Total Assets | 1,417,434 | 1,229,219 | ||
Stockholders’ equity | ||||
Preferred stock, par value $0.01 per share (authorized 2,000,000 shares), no shares issued and outstanding | 0 | 0 | ||
Common stock, par value $0.4867 per share (authorized 50,000,000 shares) | 7,955 | 7,935 | ||
Additional paid-in capital | 253,470 | 250,967 | ||
Retained earnings | 229,141 | 192,062 | ||
Accumulated other comprehensive loss | (4,272) | (4,878) | ||
Deferred compensation obligation | 3,395 | 2,416 | ||
Treasury stock | (3,395) | (2,416) | ||
Total stockholders’ equity | [1] | 486,294 | 446,086 | |
Long-term debt, net of current maturities | 197,395 | 136,954 | ||
Total capitalization | 683,689 | 583,040 | ||
Current Liabilities | ||||
Current portion of long-term debt | 9,421 | 12,099 | ||
Short-term borrowing | 250,969 | 209,871 | ||
Accounts payable | 74,688 | 56,935 | ||
Customer deposits and refunds | 34,751 | 29,238 | ||
Accrued interest | 1,742 | 1,312 | ||
Dividends payable | 5,312 | 4,973 | ||
Accrued compensation | 13,112 | 10,496 | ||
Regulatory liabilities | 6,485 | 1,291 | ||
Derivative liabilities, at fair value | 6,247 | 773 | ||
Other accrued liabilities | 10,273 | 7,063 | ||
Total current liabilities | 413,000 | 334,051 | ||
Deferred Credits and Other Liabilities | ||||
Deferred income taxes | 135,850 | 222,894 | ||
Regulatory liabilities | 140,978 | 43,064 | ||
Environmental liabilities | 8,263 | 8,592 | ||
Other pension and benefit costs | 29,699 | 32,828 | ||
Deferred investment tax credits and other liabilities | 5,955 | 4,750 | ||
Total deferred credits and other liabilities | 320,745 | 312,128 | ||
Commitments and Contingencies | ||||
Total Capitalization and Liabilities | $ 1,417,434 | $ 1,229,219 | ||
|
X | ||||||||||
- Definition Accrued revenue. No definition available.
|
X | ||||||||||
- Definition Total deferred charges and other assets No definition available.
|
X | ||||||||||
- Definition Deferred Charges and Other Assets. No definition available.
|
X | ||||||||||
- Definition Long-term Debt and Capital Lease Obligations, Net of Current Maturities No definition available.
|
X | ||||||||||
- Definition Receivables and other deferred charges No definition available.
|
X | ||||||||||
- Definition Unregulated energy. No definition available.
|
X | ||||||||||
- 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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X | ||||||||||
- 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
|
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
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X | ||||||||||
- 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
|
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 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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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
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X | ||||||||||
- 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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X | ||||||||||
- References No definition available.
|
X | ||||||||||
- 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.
|
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
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X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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.
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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.
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
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
|
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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
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 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
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 | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- References No definition available.
|
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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition Amount of current assets classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- Definition Amount of liability, recognized in statement of financial position, for defined benefit pension and other postretirement plans, classified as noncurrent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
X | ||||||||||
- 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
|
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
|
X | ||||||||||
- References No definition available.
|
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
|
X | ||||||||||
- Definition Period end amount of total gross PPE. No definition available.
|
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
|
Consolidated Balance Sheets (Parenthetical) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Statement of Financial Position [Abstract] | ||
Allowance for uncollectible accounts | $ 936 | $ 909 |
Common stock, par value | $ 0.4867 | $ 0.4867 |
Common stock, shares authorized | 50,000,000 | 50,000,000 |
Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 |
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 |
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 | ||||||||||
- References No definition available.
|
Consolidated Statements of Stockholders' Equity - 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 at Dec. 31, 2014 | $ 300,322 | [1] | $ 7,100 | $ 156,581 | $ 142,317 | $ (5,676) | $ 1,258 | $ (1,258) | |||||||||||||||
Beginning Balances, shares at Dec. 31, 2014 | [1],[2] | 14,588,711 | |||||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||
Net Income | 41,140 | 41,140 | |||||||||||||||||||||
Other comprehensive loss | (164) | (164) | |||||||||||||||||||||
Dividends | (17,222) | (17,222) | |||||||||||||||||||||
Proceeds from issuance of common stock, net of expenses | 0 | ||||||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 592,970 | ||||||||||||||||||||||
Stock Issued During Period, Value, Acquisitions | 30,165 | $ 289 | 29,876 | ||||||||||||||||||||
Stock Issued During The Period Value Retirement Savings Plan And Dividend Reinvestment Plan | 2,235 | $ 21 | 2,214 | ||||||||||||||||||||
Stock Issued During The Period Shares Retirement Savings Plan And Dividend Reinvestment Plan | 43,275 | ||||||||||||||||||||||
Share-based compensation | [3],[4] | 1,662 | $ 22 | 1,640 | |||||||||||||||||||
Share-based compensation, shares | [3],[4] | 45,703 | |||||||||||||||||||||
Treasury stock activities | [1] | 625 | (625) | ||||||||||||||||||||
Ending Balances at Dec. 31, 2015 | 358,138 | [1] | $ 7,432 | 190,311 | 166,235 | (5,840) | 1,883 | (1,883) | |||||||||||||||
Ending Balances, shares at Dec. 31, 2015 | [1],[2] | 15,270,659 | |||||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||
Accumulated other comprehensive loss | (5,840) | ||||||||||||||||||||||
Net Income | 44,675 | 44,675 | |||||||||||||||||||||
Other comprehensive loss | 962 | 962 | |||||||||||||||||||||
Dividends | (18,848) | (18,848) | |||||||||||||||||||||
Proceeds from issuance of common stock, net of expenses | [5] | $ 57,360 | $ 467 | 56,893 | |||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 960,488 | 960,488 | [5] | ||||||||||||||||||||
Stock Issued During The Period Value Retirement Savings Plan And Dividend Reinvestment Plan | $ 2,242 | $ 17 | 2,225 | ||||||||||||||||||||
Stock Issued During The Period Shares Retirement Savings Plan And Dividend Reinvestment Plan | 36,253 | ||||||||||||||||||||||
Share-based compensation | [3],[4] | 1,557 | $ 19 | 1,538 | |||||||||||||||||||
Share-based compensation, shares | [3],[4] | 36,099 | |||||||||||||||||||||
Treasury stock activities | 0 | 533 | [1] | (533) | [1] | ||||||||||||||||||
Ending Balances at Dec. 31, 2016 | 446,086 | [1] | $ 7,935 | 250,967 | 192,062 | (4,878) | 2,416 | (2,416) | |||||||||||||||
Ending Balances, shares at Dec. 31, 2016 | [1],[2] | 16,303,499 | |||||||||||||||||||||
Retained earnings | 192,062 | ||||||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||
Accumulated other comprehensive loss | (4,878) | ||||||||||||||||||||||
Net Income | 58,124 | 58,124 | |||||||||||||||||||||
Other comprehensive loss | 606 | 606 | |||||||||||||||||||||
Dividends | (21,045) | (21,045) | |||||||||||||||||||||
Stock Issued During Period, Shares, Dividend Reinvestment Plan | 10,771 | ||||||||||||||||||||||
Stock Issued During Period, Value, Dividend Reinvestment Plan | 735 | $ 5 | 730 | ||||||||||||||||||||
Proceeds from issuance of common stock, net of expenses | (10) | [5] | $ 0 | (10) | [5] | ||||||||||||||||||
Stock Issued During Period, Shares, New Issues | 0 | ||||||||||||||||||||||
Share-based compensation | [3],[4] | 1,798 | $ 15 | 1,783 | |||||||||||||||||||
Share-based compensation, shares | [3],[4] | 30,172 | |||||||||||||||||||||
Treasury stock activities | [1] | 979 | (979) | ||||||||||||||||||||
Ending Balances at Dec. 31, 2017 | 486,294 | [1] | $ 7,955 | $ 253,470 | $ 3,395 | $ (3,395) | |||||||||||||||||
Ending Balances, shares at Dec. 31, 2017 | [1],[2] | 16,344,442 | |||||||||||||||||||||
Retained earnings | 229,141 | $ 229,141 | |||||||||||||||||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||||||||||||||||||
Accumulated other comprehensive loss | $ (4,272) | $ (4,272) | |||||||||||||||||||||
|
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 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 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 The cash inflow from the additional capital contribution to the entity. 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 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 issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the shareholders to reinvest dividends paid to them by the entity on new issues of stock by 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 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 issued during the period from a dividend reinvestment plan (DRIP). A dividend reinvestment plan allows the holder of the stock to reinvest dividends paid to them by the entity on new issues of stock by the entity. 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
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Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 | |
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | |
Shares Held In Trust For Deferred Compensation Plan | 90,961 | 76,745 | 70,631 |
Dividends Declared | $ 1.2800 | $ 1.2025 | $ 1.1325 |
Shares Issued Under Performance Incentive Plan Withheld For Employee Taxes | 10,269 | 12,031 | 12,620 |
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Organization and Basis of Presentation | ORGANIZATION AND BASIS OF PRESENTATION Chesapeake Utilities, incorporated in 1947 in Delaware, is a diversified energy company engaged in regulated and unregulated energy businesses. Our regulated energy businesses consist of: (a) regulated natural gas distribution operations in central and southern Delaware, Maryland’s eastern shore and Florida; (b) regulated natural gas transmission operations on the Delmarva Peninsula, in Pennsylvania and in Florida; and (c) regulated electric distribution operations serving customers in northeast and northwest Florida. Our unregulated energy businesses primarily include: (a) propane distribution operations in Delaware, Maryland, the eastern shore of Virginia, southeastern Pennsylvania and Florida; (b) our natural gas marketing operation providing natural gas supplies directly to commercial and industrial customers in Florida, Delaware, Maryland, Ohio and other states; (c) our natural gas supply, gathering and processing operation in central and eastern Ohio; and (d) our CHP plant in Florida that generates electricity and steam. Our consolidated financial statements include the accounts of Chesapeake Utilities and its wholly-owned subsidiaries. We do not have any ownership interest in investments accounted for using the equity method or any interest in a variable interest entity. All intercompany accounts and transactions have been eliminated in consolidation. We have assessed and, if applicable, reported on subsequent events through the date of issuance of these consolidated financial statements. We reclassified certain amounts in the consolidated statement of cash flows for the years ended December 31, 2016 and 2015 to conform to the current year’s presentation. |
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Summary of Significant Accounting Policies | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates in measuring assets and liabilities and related revenues and expenses. These estimates involve judgments with respect to, among other things, various future economic factors that are difficult to predict and are beyond our control; therefore, actual results could differ from these estimates. As additional information becomes available, or actual amounts are determined, recorded estimates are revised. Consequently, operating results can be affected by revisions to prior accounting estimates. Property, Plant and Equipment Property, plant and equipment are stated at original cost less accumulated depreciation or fair value, if impaired. Costs include direct labor, materials and third-party construction contractor costs, AFUDC, and certain indirect costs related to equipment and employees engaged in construction. The costs of repairs and minor replacements are charged to expense as incurred, and the costs of major renewals and betterments are capitalized. Upon retirement or disposition of property within the regulated businesses, the gain or loss, net of salvage value, is charged to accumulated depreciation. Upon retirement or disposition of property owned by the unregulated businesses, the gain or loss, net of salvage value, is charged to income. A summary of property, plant and equipment by classification as of December 31, 2017 and 2016 is provided in the following table:
Contributions or Advances in Aid of Construction Customer contributions or advances in aid of construction reduce property, plant and equipment, unless the amounts are refundable to customers. Contributions or advances may be refundable to customers after a number of years based on the amount of revenues generated from the customers or the duration of the service provided to the customers. Refundable contributions or advances are recorded initially as liabilities. The amounts that are determined to be non-refundable reduce property, plant and equipment at the time of such determination. During the years ended December 31, 2017, 2016 and 2015, there were $2.1 million, $1.0 million and $1.7 million, respectively, of non-refundable contributions or advances that reduced property, plant and equipment. Allowance for Funds Used During Construction Some of the additions to our regulated property, plant and equipment include AFUDC, which represents the estimated cost of funds, from both debt and equity sources, used to finance the construction of major projects. AFUDC is capitalized in the applicable rate base for rate making purposes when the completed projects are placed in service. During the years ended December 31, 2017, 2016 and 2015, AFUDC, which was reflected as a reduction of interest charges, was not material. Assets Used in Leases Property, plant and equipment for the Florida natural gas transmission operation included $1.4 million of assets, at December 31, 2017 and 2016, consisting primarily of mains, measuring equipment and regulation station equipment used by Peninsula Pipeline to provide natural gas transmission service pursuant to a contract with a third party. This contract is accounted for as an operating lease due to the exclusive use of the assets by the customer. The service under this contract commenced in January 2009 and generates $264,000 in annual revenue for a 20-year term. Accumulated depreciation for these assets totaled $652,000 and $580,000 at December 31, 2017 and 2016, respectively. Capital Lease Asset Property, plant and equipment for our Delmarva Peninsula natural gas distribution operation included a capital lease asset of $2.0 million and $3.4 million, net of accumulated amortization, at December 31, 2017 and 2016, respectively, related to Sandpiper's capacity, supply and operating agreement. The original fair value of this asset was $7.1 million. See Note 20, Other Commitments and Contingencies, for additional information. At December 31, 2017 and 2016, accumulated amortization for this capital lease asset was $5.1 million and $3.7 million, respectively. For the years ended December 31, 2017, 2016 and 2015, we recorded $1.4 million, $1.4 million and $1.3 million, respectively, in amortization of this capital lease asset, which was included in our fuel cost recovery mechanisms. Jointly-owned Pipeline Property, plant and equipment for our Florida natural gas transmission operation also included $6.7 million of assets, at December 31, 2017 and 2016, which consists of the 16-mile pipeline from the Duval/Nassau County line to Amelia Island in Nassau County, Florida, jointly owned by Peninsula Pipeline and Peoples Gas. The amount included in property, plant and equipment represents Peninsula Pipeline’s 45-percent ownership of this pipeline. Each party was responsible for financing its portion of the jointly-owned pipeline. This 16-mile pipeline was placed in service in December 2012. Accumulated depreciation for this pipeline totaled $1.3 million and $1.0 million, at December 31, 2017 and 2016, respectively. Asset Impairment Evaluations We periodically evaluate whether events or circumstances have occurred, which indicate that other long-lived assets may not be fully recoverable. The determination of whether an impairment has occurred is based on an estimate of undiscounted future cash flows attributable to the asset, compared to the carrying value of the asset. When such events or circumstances are present, we record an impairment loss equal to the excess of the asset's carrying value over its fair value, if any. In May 2015, we entered into a settlement agreement with a vendor related to the implementation of a customer billing system. Pursuant to the agreement, we received $1.5 million in cash, which is reflected as "Gain from a settlement" in the accompanying consolidated statements of income. In May 2016, we received an additional $650,000 in cash; however, retention of this amount is contingent upon engaging this vendor to provide agreed-upon services through May 2020. Depreciation and Accretion Included in Operations Expenses We compute depreciation expense for our regulated operations by applying composite, annual rates, as approved by the respective regulatory bodies. The following table shows the average depreciation rates used for regulated operations during the years ended December 31, 2017, 2016 and 2015:
For our unregulated operations, we compute depreciation expense on a straight-line basis over the following estimated useful lives of the assets:
We report certain depreciation and accretion in operations expense, rather than as a depreciation and amortization expense, in the accompanying consolidated statements of income in accordance with industry practice and regulatory requirements. Depreciation and accretion included in operations expense consists of the accretion of the costs of removal for future retirements of utility assets, vehicle depreciation, computer software and hardware depreciation, and other minor amounts of depreciation expense. For the years ended December 31, 2017, 2016 and 2015, we reported $8.1 million, $7.3 million and $7.0 million, respectively, of depreciation and accretion in operations expenses. Regulated Operations We account for our regulated operations in accordance with ASC Topic 980, Regulated Operations, which includes accounting principles for companies whose rates are determined by independent third-party regulators. When setting rates, regulators often make decisions, the economics of which require companies to defer costs or revenues in different periods than may be appropriate for unregulated enterprises. When this situation occurs, a regulated company defers the associated costs as regulatory assets on the balance sheet and records them as expense on the income statement as it collects revenues. Further, regulators can also impose liabilities upon a regulated company, for amounts previously collected from customers and for recovery of costs that are expected to be incurred in the future, as regulatory liabilities. If we were required to terminate the application of these regulatory provisions to our regulated operations, all such deferred amounts would be recognized in the statement of income at that time, which could have a material impact on our financial position, results of operations and cash flows. We monitor our regulatory and competitive environments to determine whether the recovery of our regulatory assets continues to be probable. If we were to determine that recovery of these assets is no longer probable, we would write off the assets against earnings. We believe that the provisions of ASC Topic 980, Regulated Operations, continue to apply to our regulated operations and that the recovery of our regulatory assets is probable. Revenue Recognition Revenues for our natural gas and electric distribution operations are based on rates approved by the PSC in each state in which they operate. Eastern Shore’s revenues are based on rates approved by the FERC. Customers’ base rates may not be changed without formal approval by these commissions. The PSCs, however, have authorized our regulated operations to negotiate rates, based on approved methodologies, with customers that have competitive alternatives. The FERC has also authorized Eastern Shore to negotiate rates above or below the FERC-approved maximum rates, which customers can elect as an alternative to negotiated rates. For regulated deliveries of natural gas and electricity, we read meters and bill customers on monthly cycles that do not coincide with the accounting periods used for financial reporting purposes. We accrue unbilled revenues for natural gas and electricity that have been delivered, but not yet billed, at the end of an accounting period to the extent that they do not coincide. We estimate the amount of the unbilled revenue by jurisdiction and customer class. A similar computation is made to accrue unbilled revenues for propane customers with meters and natural gas marketing customers, whose billing cycles do not coincide with our accounting periods. Our Ohio natural gas supply operation recognizes revenues based on actual volumes of natural gas shipped using contractual rates, which are based upon index prices that are published monthly. Our natural gas marketing operation recognizes revenue based on the volume of natural gas delivered to its customers. The propane wholesale marketing operation records trading activity for open contracts on a net mark-to-market basis in our consolidated statements of income. For propane bulk delivery customers without meters, we record revenue in the period the products are delivered and/or services are rendered. Eight Flags records revenues based on the amount of electricity and steam generated and sold to its customers. All of our natural gas and electric distribution operations, except for two utilities that do not sell natural gas to end-use customers as a result of deregulation, have fuel cost recovery mechanisms. These mechanisms provide a method of adjusting the billing rates to reflect changes in the cost of purchased fuel. The difference between the current cost of fuel purchased and the cost of fuel recovered in billed rates is deferred and accounted for as either unrecovered fuel cost or amounts payable to customers. Generally, these deferred amounts are recovered or refunded within one year. Chesapeake Utilities' Florida Division and FPU's Indiantown division provide unbundled delivery service to their customers, whereby the customers are permitted to purchase their gas requirements directly from competitive natural gas marketers. We charge flexible rates to our natural gas distribution industrial interruptible customers to compete with prices of alternative fuels which these customers are able to use. Neither we nor our interruptible customers are contractually obligated to deliver or receive natural gas on a firm service basis. We report revenue taxes, such as gross receipts taxes, franchise taxes, and sales taxes, on a net basis. Cost of Sales Cost of sales includes the direct costs attributable to the products sold or services provided to our customers. These costs include primarily the variable cost of natural gas, electricity and propane commodities, pipeline capacity costs needed to transport and store natural gas, transmission costs for electricity, gathering and processing gas costs, transportation costs to transport propane purchases to our storage facilities, and steam and electricity generation costs. Depreciation expense is not included in our cost of sales. Operations and Maintenance Expenses Operations and maintenance expenses include operations and maintenance salaries and benefits, materials and supplies, usage of vehicles, tools and equipment, payments to contractors, utility plant maintenance, customer service, professional fees and other outside services, insurance expense, minor amounts of depreciation, accretion of cost of removal for future retirements of utility assets and other administrative expenses. Cash and Cash Equivalents Our policy is to invest cash in excess of operating requirements in overnight income-producing accounts. Such amounts are stated at cost, which approximates fair value. Investments with an original maturity of three months or less when purchased are considered cash equivalents. Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable consist primarily of amounts due for distribution sales of natural gas, electricity and propane and transportation services to customers. An allowance for doubtful accounts is recorded against amounts due to reduce the receivables balance to the amount we reasonably expect to collect based upon our collections experiences and our assessment of customers’ inability or reluctance to pay. If circumstances change, our estimates of recoverable accounts receivable may also change. Circumstances which could affect such estimates include, but are not limited to, customer credit issues, the level of natural gas, electricity and propane prices and general economic conditions. Accounts are written off when they are deemed to be uncollectible. Inventories We use the average cost method to value propane, materials and supplies, and other merchandise inventory. If market prices drop below cost, inventory balances that are subject to price risk are adjusted to their net realizable value. There was no lower-of-cost-or-net realizable value adjustment during 2017, 2016 or 2015. Goodwill and Other Intangible Assets Goodwill is not amortized but is tested for impairment at least annually. Goodwill of a reporting unit is tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We use a present value technique based on discounted cash flows to estimate the fair value of our reporting units. An impairment charge is recognized if the carrying value of a reporting unit’s goodwill exceeds its implied fair value. The testing of goodwill for 2017, 2016 and 2015 indicated no goodwill impairment. Other intangible assets are amortized on a straight-line basis over their estimated economic useful lives. Other Deferred Charges Other deferred charges primarily include issuance costs associated with short-term borrowings. These charges are amortized over the life of the related short-term debt borrowings. Asset Removal Cost As authorized by the appropriate PSC, we accrue future asset removal costs associated with utility property, plant and equipment even if a legal obligation does not exist. Such accruals are provided for through depreciation expense and are recorded with corresponding credits to regulatory liabilities or assets. When we retire depreciable utility plant and equipment, we charge the associated original costs to accumulated depreciation and amortization, and any related removal costs incurred are charged to regulatory liabilities or assets. The difference between removal costs recognized in depreciation rates and the accretion expense and depreciation expense recognized for financial reporting purposes is a timing difference between recovery of these costs in rates and their recognition for financial reporting purposes. Accordingly, these differences are deferred as regulatory liabilities or assets. In the rate setting process, the regulatory liability or asset is excluded from the rate base upon which those utilities have the opportunity to earn their allowed rates of return. The costs associated with our asset retirement obligations are either currently being recovered in rates or are probable of recovery in future rates. Pension and Other Postretirement Plans Pension and other postretirement plan costs and liabilities are determined on an actuarial basis and are affected by numerous assumptions and estimates, including the fair value of plan assets, estimates of the expected returns on plan assets, assumed discount rates, the level of contributions made to the plans, and current demographic and actuarial mortality data. We review annually the estimates and assumptions underlying our pension and other postretirement plan costs and liabilities with the assistance of third-party actuarial firms. The assumed discount rates, expected returns on plan assets and the mortality assumption are the factors that generally have the most significant impact on our pension costs and liabilities. The assumed discount rates, health care cost trend rates and rates of retirement generally have the most significant impact on our postretirement plan costs and liabilities. The discount rates are utilized principally in calculating the actuarial present value of our pension and postretirement obligations and net pension and postretirement costs. When estimating our discount rates, we consider high quality corporate bond rates, such as the Prudential curve index and the Citigroup yield curve, changes in those rates from the prior year and other pertinent factors, including the expected life of each of our plans and their respective payment options. The expected long-term rates of return on assets are utilized in calculating the expected returns on the plan assets component of our annual pension plan costs. We estimate the expected returns on plan assets of each of our plans by evaluating expected bond returns, asset allocations, the effects of active plan management, the impact of periodic plan asset rebalancing and historical performance. We also consider the guidance from our investment advisors in making a final determination of our expected rates of return on assets. We estimate the health care cost trend rates used in determining our postretirement net expense based upon actual health care cost experience, the effects of recently enacted legislation and general economic conditions. Our assumed rate of retirement is estimated based upon our annual reviews of participant census information as of the measurement date. The mortality assumption used for our pension and postretirement plans is based on the actuarial table that is most reflective of the expected mortality of the plan participants and reviewed periodically. Actual changes in the fair value of plan assets and the differences between the actual and expected return on plan assets could have a material effect on the amount of pension and postretirement benefit costs that we ultimately recognize. A 0.25 percent decrease in the discount rate could increase our annual pension and postretirement costs by approximately $7,000, and a 0.25 percent increase could decrease our annual pension and postretirement costs by approximately $9,000. A 0.25 percent change in the rate of return could change our annual pension cost by approximately $143,000 and would not have an impact on the postretirement and supplemental executive retirement plans because these plans are not funded. Income Taxes, Investment Tax Credit Adjustments and Tax-Related Contingency Deferred tax assets and liabilities are recorded for the income tax effect of temporary differences between the financial statement basis and tax basis of assets and liabilities and are measured using the enacted income tax rates in effect in the years in which the differences are expected to reverse. Deferred tax assets are recorded net of any valuation allowance when it is more likely than not that such income tax benefits will be realized. Investment tax credits on utility property have been deferred and are allocated to income ratably over the lives of the subject property. We account for uncertainty in income taxes in our consolidated financial statements only if it is more likely than not that an uncertain tax position is sustainable based on technical merits. Recognizable tax positions are then measured to determine the amount of benefit recognized in the consolidated financial statements. We recognize penalties and interest related to unrecognized tax benefits as a component of other income. We account for contingencies associated with taxes other than income when the likelihood of a loss is both probable and estimable. In assessing the likelihood of a loss, we do not consider the existence of current inquiries, or the likelihood of future inquiries, by tax authorities as a factor. Our assessment is based solely on our application of the appropriate statutes and the likelihood of a loss assuming the proper inquiries are made by tax authorities. Financial Instruments Prior to its wind down in the second quarter of 2017, Xeron engaged in trading activities using forward and futures contracts, which were accounted for using the MTM method of accounting. Under MTM accounting, our trading contracts were recorded at fair value as derivative assets and liabilities. The changes in fair value of the contracts were recognized as gains or losses in revenues in the consolidated statements of income in the period of change. Our natural gas, electric and propane distribution operations and natural gas marketing operations enter into agreements with suppliers to purchase natural gas, electricity, and propane for resale to our respective customers. Purchases under these contracts, as well as distribution and marketing operations sales agreements with counterparties or customers, either do not meet the definition of a derivative, or qualify for “normal purchases and sales” treatment under ASC Topic 815 Derivatives and Hedging, and are accounted for on an accrual basis. Our propane distribution operations enter into derivative transactions, such as swaps, put options and call options in order to mitigate the impact of wholesale price fluctuations on inventory valuation and future purchase commitments. Our natural gas marketing operation enters into natural gas futures and swap contracts to mitigate any price risk associated with the purchase and/or sale of natural gas to specific customers. These transactions may be designated as fair value hedges or cash flow hedges, if they meet all of the accounting requirements pursuant to ASC Topic 815, Derivatives and Hedging, and we elect to designate the instruments as hedges. If designated as a fair value hedge, the value of the hedging instrument, such as a swap, future, or put option, is recorded at fair value, with the effective portion of the gain or loss of the hedging instrument effectively reducing or increasing the value of the hedged item. If designated as a cash flow hedge, the value of the hedging instrument, such as a swap, call option or natural gas futures contract, is recorded at fair value with the effective portion of the gain or loss of the hedging instrument being recorded in comprehensive income. The ineffective portion of the gain or loss of a hedge is recorded in earnings. If the instrument is not designated as a fair value or cash flow hedge, or it does not meet the accounting requirements of a hedge under ASC Topic 815, Derivatives and Hedging, it is recorded at fair value with all gains or losses being recorded directly in earnings. In 2018, we will be adopting ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, the updated hedge accounting standard, which we expect will reduce the MTM volatility in PESCO’s results due to better alignment of risk management activities and financial reporting, risk component hedging and certain other simplifications of hedge accounting guidance. FASB Statements Recently Adopted Accounting Standards 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. We adopted ASU 2015-11 on January 1, 2017, on a prospective basis. Adoption of this standard did not have a material impact on our financial position or results of operations. 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. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance also requires a number of disclosures regarding the nature, amount, timing, and uncertainty of revenue and the related cash flows. 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 interim and annual financial statements issued beginning January 1, 2018. We have completed our evaluation of our revenue sources and the impact on our financial position, results of operations and cash flows. In tandem, we have developed and documented accounting policies and position papers, which are intended to meet the requirements of this new revenue recognition standard. We have also completed our plan to update our internal controls. Since the third quarter of 2017, we have provided additional training to our employees and have implemented system and process changes that are associated with the adoption of the standard. We will adopt the updated accounting guidance in the first quarter of 2018, using the modified retrospective transition method, which will result in a cumulative adjustment that will decrease retained earnings and receivables and other deferred charges by $1.5 million, related to one long-term firm transmission contract with an industrial customer for which the timing and recognition of revenue will be shifted to later years. Based on our assessment, we believe that the implementation of this new standard will not have a material impact on the amount and timing of revenue recognition, other than the one long-term contract for which we will delay the recognition of approximately $407,000 in revenue from 2018 to future years. 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. The FASB allows companies to elect several practical expedients, in order to simplify the transition to the new standard. The following three expedients must all be elected together:
•An entity need not reassess initial direct costs for any existing leases. Other practical expedients that can be elected individually are:
We expect to use the practical expedients to assist in implementation of this standard. We have assessed all of our leases and have concluded that we may have some operating leases that qualify for the short-term lease exception. Upon adoption, we will record the right-of-use assets and the lease liabilities related to our operating leases with a lease term in excess of one year. We do not believe that this will have a material impact on our financial position, results of operations or cash flows. In January 2018, the FASB issued ASU 2018-01, Land Easement Practical Expedient for Transition to Topic 842, which provides a practical expedient to not evaluate, under Topic 842, existing or expired land easements that were not previously accounted for as leases. We plan to utilize the provided practical expedient for existing and expired land easements and will assess all new or modified land easements and right-of-way agreements, under the guidance of ASU 2016-02, following its adoption. Statement of Cash Flows (ASC 230) - In August 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 believe that the implementation of this new standard will not have a material impact on our consolidated statement of cash flows. Intangibles-Goodwill (ASC 350) - In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. ASU 2017-04 will be effective for our annual and interim financial statements beginning January 1, 2020, although early adoption is permitted. The amendments included in this ASU are to be applied prospectively. We believe that the implementation of this new standard will not have a material impact on our financial position or results of operations. Compensation-Retirement Benefits (ASC 715) - In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost. Under this guidance, employers are required to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit costs are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The update allows for capitalization of the service cost component when applicable. ASU 2017-07 will be effective for our annual and interim financial statements beginning January 1, 2018, although early adoption is permitted. The presentation of the service cost and other components in this update are to be applied retrospectively, and the capitalization of the service cost is to be applied prospectively on or after the effective date. Aside from changes in presentation, we believe that the implementation of this new standard will not have a material impact on our financial position or results of operations. Compensation - Stock Compensation (ASC 718) - In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting, to clarify when to account for a change in the terms or conditions of a share-based payment award as a modification. Under this guidance, modification accounting is required only if the fair value, the vesting conditions or the award classification (equity or liability) changes as a result of a change in the terms or conditions of the award. The guidance is effective for our annual financial statements beginning January 1, 2018, although early adoption is permitted. The amendments included in this standard are to be applied prospectively. We believe that the implementation of this new standard will not have a material impact on our financial position or results of operations. Derivatives and Hedging (ASC 815) - In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, to better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. Among other changes to hedge designation, ASU 2017-12 expands the risks that can be designated as hedged risks in cash flow hedges to include cash flow variability from contractually specified components of forecasted purchases or sales of non-financial assets. ASU 2017-12 requires the entire change in fair value of a hedging instrument included in the assessment of hedge effectiveness to be presented in the same income statement line that is used to present the earnings effects of the hedged item for fair value hedges and in other comprehensive income for cash flow hedges. For disclosures, ASU 2017-12 requires a tabular presentation of the income statement effect of fair value and cash flow hedges, and it eliminates the requirement to disclose the ineffective portion of the change in fair value of hedging instruments. ASU 2017-12 will be effective for our annual and interim financial statements beginning January 1, 2019, although early adoption is permitted. We are evaluating the effect of this standard on our future financial position and results of operations. In 2018, we will be adopting the updated hedge accounting standard, which we expect will reduce the MTM volatility in PESCO’s results due to better alignment of risk management activities and financial reporting, risk component hedging and certain other simplifications of hedge accounting guidance. Income Statement - Reporting Comprehensive Income (ASC 220) - In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the TCJA. ASU 2018-02 will be effective for our annual and interim financial statements beginning January 1, 2019, although early adoption is permitted. We are evaluating the effect of this standard on our future financial position and results of operations. |
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Earnings Per Share |
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Earnings Per Share | 3. EARNINGS PER SHARE The following table presents the calculation of the Company’s basic and diluted earnings per share for the years ended December 31:
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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 Acquisitions in 2017 ARM, Chipola and Central Gas Asset Acquisitions In August 2017, PESCO acquired certain natural gas marketing assets of ARM. We have accounted for the purchase of these assets as a business combination and recorded goodwill of $6.8 million, which is included in Unregulated Energy segment. The acquired assets complement PESCO’s current asset portfolio and expand our regional footprint and retail demand in a market where we have existing pipeline capacity and wholesale liquidity. In connection with the acquisition, we recorded a contingent liability of $2.5 million, which represents the expected future payment of additional consideration to ARM based on the achievement of certain performance targets. The payment, which is expected to be paid in 2019, is contingent upon the achievement of certain gross margin targets during the 2018 calendar year. The recorded liability is based upon our most recent gross margin projections for the acquired assets and is subject to change based on actual performance or changes in our gross margin projections. In August 2017, Flo-gas acquired certain operating assets of Chipola, which provides propane distribution service to approximately 800 residential and commercial customers in Bay, Calhoun, Gadsden, Jackson, Liberty, and Washington Counties, Florida. In December 2017, Flo-gas acquired certain operating assets of Central Gas, which provides propane distribution service to approximately 325 residential and commercial customers in Glades, Highlands, Martin, Okeechobee, and St. Lucie Counties, Florida. The revenue and net income from these acquisitions that were included in our consolidated statement of income for the year ended December 31, 2017, were not material. The amounts recorded in conjunction with these acquisitions are preliminary and subject to adjustment based on additional valuations performed during the measurement period. Acquisition in 2015 Gatherco Merger On April 1, 2015, we completed the merger with Gatherco, in which Gatherco merged with and into Aspire Energy, our then newly formed, wholly-owned subsidiary. 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 existing outstanding debt, which we paid off on the same 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 December 31, 2017, there have been no related gathering opportunities developed; therefore, no contingent liability has been recorded. We are unable to estimate the range of future undiscounted contingent liability outcomes at this time. However, a liability for additional contingent cash consideration may be recorded prior to April 2020 as additional information becomes available. We incurred $1.3 million in transaction costs associated with this merger, of which $514,000 and $786,000 were expensed during the years ended December 31, 2015 and 2014, respectively. Transaction costs were included in operations expense in the consolidated statements of income. The revenues and net income from this acquisition for the years ended December 31, 2017, 2016 and 2015, included in our consolidated statements of income, were $33.3 million and $8.9 million, respectively, for 2017, $26.6 million and $2.1 million, respectively, for 2016 and $16.7 million and $312,000, respectively, for 2015. The purchase price allocation of the Gatherco acquisition is as follows:
The goodwill reflects the value paid primarily for opportunities for growth in a new and strategic geographic area. All of the goodwill from this acquisition was recorded in the Unregulated Energy segment and is not deductible for income tax purposes. |
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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. 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 information about our reportable segments.
Our operations are entirely domestic. |
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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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Supplemental Cash Flow Disclosures |
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Supplemental Cash Flow Disclosures | SUPPLEMENTAL CASH FLOW DISCLOSURES Cash paid for interest and income taxes during the years ended December 31, 2017, 2016 and 2015 were as follows:
Non-cash investing and financing activities during the years ended December 31, 2017, 2016, and 2015 were as follows:
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- Definition The entire disclosure for supplemental cash flow activities, including cash, noncash, and part noncash transactions, for the period. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments |
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Derivative Instruments | The effects of gains and losses from derivative instruments are as follows:
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Fair Value of Financial Instruments |
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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 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 tables summarize 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 December 31, 2017 and 2016, respectively:
The following valuation techniques were used to measure fair value assets on a recurring basis as of December 31, 2017 and 2016: 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: Derivative assets and liabilities — The fair values of forward contracts are measured using market transactions in either the listed or OTC markets. 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 years ended December 31, 2017 and 2016:
Investment income from the Level 3 investments is reflected in other (expense) income in the consolidated statements of income. At December 31, 2017 and 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 December 31, 2017, long-term debt, which includes the current maturities but excludes a capital lease obligation, had a carrying value of $205.2 million, compared to a fair value of $215.4 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, adjusted for duration, optionality and risk profile. At December 31, 2016, long-term debt, which includes the current maturities but excludes a capital lease obligation, had a carrying value of $145.9 million compared to the estimated fair value of $161.5 million. The valuation technique used to estimate the fair value of long-term debt would be considered a Level 3 measurement. See Note 16, Employee Benefit Plans, for fair value measurement information related to our pension plan assets. |
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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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Investments |
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Investments | INVESTMENTS The investment balances at December 31, 2017 and 2016, consisted of the following:
We classify these investments as trading securities and report them at their fair value. For the years ended December 31, 2017, 2016 and 2015, we recorded net unrealized gains of $1.0 million, $379,000 and $7,000, respectively, in other income (expense) in the 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 consolidated balance sheets and is adjusted each period for the gains and losses incurred by the investments in the Rabbi Trust. |
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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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Goodwill and Other Intangible Assets |
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Goodwill and Other Intangible Assets | GOODWILL AND OTHER INTANGIBLE ASSETS The carrying value of goodwill as of December 31, 2017 and 2016 was as follows:
As of December 31, 2017, goodwill in our Regulated Energy segment is comprised of approximately $2.5 million from the FPU merger in October 2009, $170,000 from the purchase of operating assets from IGC in August 2010 and $714,000 from the purchase of Fort Meade in December 2013. As of December 31, 2017, goodwill in our Unregulated Energy segment is comprised of $10.1 million from the acquisition of Gatherco in April 2015, $6.8 million from the acquisition of certain operating assets from ARM in August 2017, and $1.9 million from the acquisition of the operating assets of several propane distribution companies. The annual impairment testing for 2017 and 2016 indicated no impairment of goodwill. The carrying value and accumulated amortization of intangible assets subject to amortization as of December 31, 2017 and 2016 are as follows:
The customer lists acquired in the purchases of the operating assets of several companies are being amortized over seven to 12 years. The non-compete agreements acquired in the purchase of the operating assets of several companies are being amortized over a six-year or seven-year period. The other intangible assets consist of acquisition costs from our propane distribution acquisitions in the late 1980s and 1990s and are being amortized over 40 years. For the years ended December 31, 2017, 2016 and 2015, amortization expense of intangible assets was $537,000, $380,000, and $367,000, respectively. Amortization expense of intangible assets is expected to be $790,000 for each of the years 2018, 2019 and 2020, $725,000 for 2021 and $471,000 for 2022. |
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- Definition The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes |
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Income Taxes | INCOME TAXES We file a consolidated federal income tax return. Income tax expense allocated to our subsidiaries is based upon their respective taxable incomes and tax credits. State income tax returns are filed on a separate company basis in most states where we have operations and/or are required to file. Our returns for tax years after 2013 are subject to examination. We had no net operating loss for federal income tax purposes as of December 31, 2017. As of December 31, 2016, we had a net operating loss for federal income tax purposes of $14.0 million, which we carried back two years. For state income tax purposes, we had net operating losses in various states of $34.2 million and $19.6 million as of December 31, 2017 and 2016, respectively, almost all of which will expire in 2036. We have recorded deferred tax assets of $1.6 million and $893,000 related to state net operating loss carry-forwards at December 31, 2017 and 2016, respectively, but we have not recorded a valuation allowance to reduce the future benefit of the tax net operating losses because we believe they will be fully utilized. Federal Tax Reform On December 22, 2017, President Trump signed into law the TCJA. Substantially all of the provisions of the TCJA are effective for taxable years beginning on or after January 1, 2018. The provisions significantly impacting us include the reduction of the corporate federal income tax rate from 35 percent to 21 percent and several technical provisions, including, among others, limiting the utilization of net operating losses arising after December 31, 2017 to 80 percent of taxable income with an indefinite carryforward. Our federal income tax expense for periods beginning on January 1, 2018 will be based on the new federal corporate income tax rate. The specific TCJA provisions related to regulated public utilities generally allow for the continued deductibility of interest expense, the elimination of full expensing for tax purposes of certain property acquired after September 27, 2017, and continuation of certain rate normalization requirements for accelerated depreciation benefits. Additionally, enactment of the TCJA resulted in changes to the Internal Revenue Code, which materially impacted our 2017 financial statements. ASC 740, Income Taxes, requires recognition of the effects of changes in tax laws in the period in which the law is enacted. ASC 740 requires deferred tax assets and liabilities to be measured at the enacted tax rate expected to apply when temporary differences are to be realized or settled. We have completed and have made a reasonable estimate of the measurement and accounting of certain effects of the TCJA, which have been reflected in the December 31, 2017 consolidated financial statements, the period in which the TCJA was enacted. At the date of enactment, we re-measured deferred income taxes based upon the new corporate tax rate. For our regulated businesses, the change in deferred income taxes of $98.5 million was recorded as an offset to a regulatory liability, some portion of which may ultimately be subject to refund to customers. We are at various stages of discussion with our regulatory jurisdictions. For our unregulated businesses, the change in deferred income taxes of $14.3 million was recorded as an adjustment to our deferred income taxes and increased our net income. The following tables provide: (a) the components of income tax expense in 2017, 2016, and 2015; (b) the reconciliation between the statutory federal income tax rate and the effective income tax rate for 2017, 2016, and 2015; and (c) the components of accumulated deferred income tax assets and liabilities at December 31, 2017 and 2016.
(1)Includes $873,000, $2.1 million and $2.1 million of deferred state income taxes for the years 2017, 2016 and 2015, respectively.
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- Definition The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties 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:
Annual maturities and principal repayments of long-term debt, excluding the capital lease obligation, are as follows: $8.0 million for 2018; $10.6 million for 2019; $15.6 million for 2020; $13.6 million for 2021; $25.1 million for 2022 and $132.3 million thereafter. See Note 14, Lease Obligations, for future payments related to the capital lease obligation. Shelf Agreements In October 2015, we entered into the Prudential Shelf Agreement, under which we may request that Prudential purchase, through October 8, 2018, up to $150.0 million of Prudential Shelf Notes. The Prudential Shelf Notes have a fixed interest rate and a maturity date not to exceed twenty years from the date of issuance. Prudential is under no obligation to purchase any of the Prudential Shelf Notes. The interest rate and terms of payment of any series of the Prudential Shelf Notes will be determined at the time of purchase. In May 2016, Prudential agreed to purchase $70.0 million of 3.25 percent Prudential Shelf Notes, which were issued on April 21, 2017. The proceeds received from this issuance of Prudential Shelf Notes were used to reduce short-term borrowings under the Revolver. The balance under the Revolver had accumulated over time as capital expenditures were temporarily financed. As of December 31, 2017, $80 million remains available for issuance under the Prudential Shelf Agreement. In March 2017, we entered into the MetLife Shelf Agreement and the NYL Shelf Agreement, under which we may request that MetLife and NYL, through March 2, 2020, purchase up to $150.0 million and $100.0 million, respectively, of our unsecured senior debt. The unsecured senior debt would have a fixed interest rate and a maturity date not to exceed twenty years from the date of issuance. MetLife and NYL are under no obligation to purchase any unsecured senior debt. The interest rate and terms of payment of any series of unsecured senior debt will be determined at the time of purchase. In November 2017, NYL agreed to purchase $50.0 million of 3.48% Series A notes and $50.0 million of 3.58% Series B notes. The Series A notes and Series B notes will be issued on or before May 21, 2018 and November 20, 2018, respectively. The proceeds received from the issuances of these shelf notes will be used to reduce short-term borrowings under the Revolver and/or lines of credit and/or to fund capital expenditures. The NYL Shelf Agreement has been fully utilized. As of December 31, 2017, we had not requested that MetLife purchase unsecured senior debt under the MetLife Shelf Agreement. The Prudential Shelf Agreement, the MetLife Shelf Agreement, and the NYL Shelf Agreement set forth certain business covenants to which we are subject when any Note is outstanding, including covenants that limit or restrict our ability, and the ability of our subsidiaries, to incur indebtedness, or place or permit liens and encumbrances on any of our property or the property of our subsidiaries. Secured First Mortgage Bonds We guaranteed FPU’s first mortgage bonds, which are secured by a lien covering all of FPU’s property. FPU’s first mortgage bonds contain a restriction that limits the payment of dividends by FPU. It provides that FPU cannot make dividends or other restricted payments in excess of the sum of $2.5 million plus FPU’s consolidated net income accrued on and after January 1, 1992. As of December 31, 2017, FPU’s cumulative net income base was $142.6 million, offset by restricted payments of $37.6 million, leaving $104.9 million of cumulative net income for FPU free of restrictions pursuant to this covenant. The dividend restrictions in FPU’s first mortgage bonds resulted in approximately $43.0 million of the net assets of our consolidated subsidiaries being restricted at December 31, 2017. This represents approximately 9 percent of our consolidated net assets. Other than the dividend restrictions in FPU’s first mortgage bonds, there are no legal, contractual or regulatory restrictions on the net assets of our subsidiaries. Uncollateralized Senior Notes All of our uncollateralized Senior Notes require periodic principal and interest payments as specified in each note. They also contain various restrictions. The most stringent restrictions state that we must maintain equity of at least 40 percent of total capitalization, and the fixed charge coverage ratio must be at least 1.2 times. The most recent Senior Notes issued in December 2013 also contain a restriction that we must maintain an aggregate net book value in our regulated business assets of at least 50 percent of our consolidated total assets. Failure to comply with those covenants could result in accelerated due dates and/or termination of the Senior Note agreements. Certain uncollateralized Senior Notes contain a “restricted payments” covenant as defined in the respective note agreements. The most restrictive covenants of this type are included within the 5.93 percent Senior Note, due October 31, 2023. The covenant provides that we cannot pay or declare any dividends or make any other restricted payments in excess of the sum of $10.0 million, plus our consolidated net income accrued on and after January 1, 2003. As of December 31, 2017, the cumulative consolidated net income base was $387.7 million, offset by restricted payments of $178.0 million), leaving $209.7 million of cumulative net income free of restrictions. As of December 31, 2017, we are in compliance with all of our debt covenants. |
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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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Short-Term Borrowing | SHORT-TERM BORROWINGS At December 31, 2017 and 2016, we had $251.0 million and $209.9 million, respectively, of short-term borrowings outstanding at the weighted average interest rates of 2.42 percent and 1.43 percent, respectively. In October 2015, we entered into a Credit Agreement with the Lenders for a $150.0 million Revolver through October 2020 subject to the terms and conditions as specified. In November 2017, we entered into a new $40.0 million short-term credit facility with a new lender. As a result, we now have an aggregate of $370.0 million in credit lines comprised of five unsecured bank credit facilities with four financial institutions, with $220.0 million in total available credit, and a Revolver with five participating Lenders totaling $150.0 million. We incurred commitment fees of $131,000, $145,000 and $106,000 in 2017, 2016 and 2015, respectively. The following table summarizes our short-term borrowing facilities information at December 31, 2017 and 2016.
(1) This facility bears interest at LIBOR for the applicable period plus up to 1.00 percent, based on Total Indebtedness as a percentage of Total Capitalization. (2) At our discretion, the borrowings under this facility can bear interest at the lender's base rate plus 0.80 percent. (3) At our discretion, the borrowing under this facility can bear interest at the lender's base rate plus 0.85 percent. (4) If presented, these book overdrafts would be funded through the bank revolving credit facilities. (5) This committed revolving credit facility includes a restriction that our short-term borrowings, excluding any borrowings under the committed revolving credit facility, shall not exceed $200.0 million. These bank credit facilities are available to provide funds for our short-term cash needs to meet seasonal working capital requirements and to temporarily fund portions of our capital expenditures. We are authorized by our Board of Directors to borrow up to $275.0 million of short-term debt, as required, from these short-term lines of credit. As of February 27, 2018 the Board increased this limit from $275.0 million to $350.0 million. The availability of funds under our credit facilities is subject to conditions specified in the respective credit agreements, all of which we currently satisfy. These conditions include our compliance with financial covenants and the continued accuracy of representations and warranties contained in these agreements. We are required by the financial covenants in our revolving credit facilities to maintain, at the end of each fiscal year, a funded indebtedness ratio of no greater than 65 percent. We are in compliance with all of our debt covenants. |
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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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Lease Obligations |
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Lease Obligations | LEASE OBLIGATIONS We have entered into several operating lease arrangements for office space, equipment and pipeline facilities. Rent expense related to these leases for 2017, 2016 and 2015 was $3.6 million, $2.5 million, and $1.7 million, respectively. As of December 31, 2017, future minimum payments under our current lease agreements for the years 2018 through 2022 are $2.7 million, $1.7 million, $1.0 million, $815,000, and $654,000, respectively and approximately $3.7 million thereafter, with an aggregate total of approximately $10.6 million. For each of the years ended December 31, 2017, 2016, and 2015, we paid $1.5 million, for a capital lease arrangement related to Sandpiper's capacity, supply and operating agreement. Future minimum payments under this lease arrangement are $1.5 million for 2018 and $625,000 in 2019, with an aggregate total of $2.1 million. |
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- Definition The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of the following: (a.) The basis on which contingent rental payments are determined, (b.) The existence and terms of renewal or purchase options and escalation clauses, (c.) Restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Accumulated Other Comprehensive Income (Loss) | STOCKHOLDERS' EQUITY Preferred Stock We have 2,000,000 authorized and unissued shares of $0.01 par value preferred stock as of December 31, 2017 and 2016. Shares of preferred stock may be issued from time to time, by authorization of our Board of Directors and without the necessity of further action or authorization by stockholders, in one or more series and with such voting powers, designations, preferences and relative, participating, optional or other special rights and qualifications as the Board of Directors may, in its discretion, determine. Common Stock Public Offering In September 2016, we completed a public offering of 960,488 shares of our common stock at a public offering price per share of $62.26. The net proceeds from the sale of common stock, after deducting underwriting commissions and expenses, were approximately $57.4 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. Shareholders' Rights Effective February 27, 2018, we entered into the Amendment to the Rights Agreement to accelerate the expiration of the Rights (as defined below) from 5:00 P.M., New York City time, on August 20, 2019, to 5:00 P.M., New York City time, on February 27, 2018 and, which has the effect of terminating the Rights Agreement on that date. At the time of the termination of the Rights Agreement, all of the Rights distributed to holders of our common stock pursuant to the Rights Agreement will expire by their respective terms. Accordingly, the Rights Agreement is of no further force and effect. Prior to termination of the Rights Agreement, each outstanding share of our common stock held of record on September 3, 1999, as adjusted for our stock split in September 2014, and additional shares of common stock issued since that time, was accompanied by one preferred stock purchase right (each, a "Right," and, collectively, the "Rights"). Each Right initially entitled the holder to purchase one fiftieth of a share of our Series A Participating Cumulative Preferred Stock, par value $0.01 per share, at a price of $70 per unit, subject to anti-dilution adjustments. Upon a person or entity becoming an Acquiring Person, each Right (other than the Rights held by the Acquiring Person) would have become exercisable to purchase a number of shares of our common stock having a market value equal to two times the exercise price of the Right. 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 and swap 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 years ended December 31, 2017 and 2016. All amounts in the following tables are presented net of tax.
The following table presents amounts reclassified out of accumulated other comprehensive income (loss) for the years ended December 31, 2017, 2016 and 2015. Deferred gains and losses of our commodity contracts cash flow hedges are recognized in earnings upon settlement.
Amortization of defined benefit pension and postretirement plan items is included in operations expense, and gains and losses on propane swap agreements, call options and natural gas futures contracts are included in cost of sales in the accompanying consolidated statements of income. The income tax benefit is included in income tax expense in the accompanying 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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Employee Benefit Plans | EMPLOYEE BENEFIT PLANS We measure the assets and obligations of the defined benefit pension plans and other postretirement benefits plans to determine the plans’ funded status as of the end of the year as an asset or a liability on our consolidated balance sheets. We record as a component of other comprehensive income/loss or a regulatory asset the changes in funded status that occurred during the year that are not recognized as part of net periodic benefit costs. Defined Benefit Pension Plans We sponsor three defined benefit pension plans: the Chesapeake Pension Plan, the FPU Pension Plan and the Chesapeake SERP. The Chesapeake Pension Plan was closed to new participants, effective January 1, 1999, and was frozen with respect to additional years of service and additional compensation, effective January 1, 2005. Benefits under the Chesapeake Pension Plan were based on each participant’s years of service and highest average compensation, prior to the freezing of the plan. Active participants on the date the Chesapeake Pension Plan was frozen were credited with two additional years of service. The unfunded liability for the Chesapeake Pension Plan of approximately $2.1 million and $2.7 million at December 31, 2017 and 2016, is included in the other pension and benefit costs liability in our consolidated balance sheets. The FPU Pension Plan covers eligible FPU non-union employees hired before January 1, 2005 and union employees hired before the respective union contract expiration dates in 2005 and 2006. Prior to the FPU merger, the FPU Pension Plan was frozen with respect to additional years of service and additional compensation, effective December 31, 2009. The unfunded liability for the FPU Pension Plan of approximately $16.3 million and $20.6 million at December 31, 2017 and 2016, respectively, is included in the other pension and benefit costs liability in our consolidated balance sheets. The Chesapeake SERP was frozen with respect to additional years of service and additional compensation as of December 31, 2004. Benefits under the Chesapeake SERP were based on each participant’s years of service and highest average compensation, prior to the freezing of the plan. Active participants on the date the Chesapeake SERP was frozen were credited with two additional years of service. The unfunded liability for the Chesapeake SERP of approximately $2.4 million, at both December 31, 2017 and 2016, is included in the other pension and benefit costs liability in our consolidated balance sheets. The following schedule sets forth the funded status at December 31, 2017 and 2016 and the net periodic cost for the years ended December 31, 2017, 2016 and 2015 for the Chesapeake and FPU Pension Plans:
Included in the net periodic costs for the FPU Pension Plan is continued amortization of the FPU pension regulatory asset, which represents the portion attributable to FPU's regulated operations for the changes in funded status that occurred, but were not recognized as part of net periodic cost, prior to the merger with Chesapeake Utilities in October 2009. This was previously deferred as a regulatory asset to be recovered through rates pursuant to an order by the Florida PSC. The unamortized balance of this regulatory asset was $1.3 million and $2.1 million at December 31, 2017 and 2016, respectively. The following sets forth the funded status at December 31, 2017 and 2016 and the net periodic cost for the years ended December 31, 2017, 2016 and 2015 for the Chesapeake SERP:
Our funding policy provides that payments to the trustee of each qualified plan shall be equal to at least the minimum funding requirements of the Employee Retirement Income Security Act of 1974. The following schedule summarizes the assets of the Chesapeake Pension Plan and the FPU Pension Plan, by investment type, at December 31, 2017, 2016 and 2015:
The investment policy of both the Chesapeake and FPU Pension Plans is designed to provide the capital assets necessary to meet the financial obligations of the plans. The investment goals and objectives are to achieve investment returns that, together with contributions, will provide funds adequate to pay promised benefits to present and future beneficiaries of the plans, earn a long-term investment return in excess of the growth of the plans’ retirement liabilities, minimize pension expense and cumulative contributions resulting from liability measurement and asset performance, and maintain a diversified portfolio to reduce the risk of large losses. The following allocation range of asset classes is intended to produce a rate of return sufficient to meet the plans’ goals and objectives:
Due to periodic contributions and different asset classes producing varying returns, the actual asset values may temporarily move outside of the intended ranges. The investments are monitored on a quarterly basis, at a minimum, for asset allocation and performance. At December 31, 2017 and 2016, the assets of the Chesapeake Pension Plan and the FPU Pension Plan were comprised of the following investments:
At December 31, 2017 and 2016, all of the investments were classified under the same fair value measurement hierarchy (Level 1 through Level 3) described under Note 8, Fair Value of Financial Instruments. The Level 3 investments were recorded at fair value based on the contract value of annuity products underlying guaranteed deposit accounts, which was calculated using discounted cash flow models. The contract value of these products represented deposits made to the contract, plus earnings at guaranteed crediting rates, less withdrawals and fees. The following table sets forth the summary of the changes in the fair value of Level 3 investments for the years ended December 31, 2017 and 2016:
Other Postretirement Benefits Plans We sponsor two defined benefit plans: the Chesapeake Postretirement Plan and the FPU Medical Plan. The following table sets forth the funded status at December 31, 2017 and 2016 and the net periodic cost for the years ended December 31, 2017, 2016, and 2015:
Net periodic postretirement benefit costs for 2017, 2016, and 2015 include the following components:
Similar to the FPU Pension Plan, continued amortization of the FPU Medical Plan regulatory asset related to the unrecognized cost prior to the merger with Chesapeake Utilities was included in the net periodic cost. The unamortized balance of this regulatory asset was $22,000 and $30,000 at December 31, 2017 and 2016, respectively. The following table presents the amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss or as a regulatory asset as of December 31, 2017:
Pursuant to a Florida PSC order, FPU continues to record as a regulatory asset a portion of the unrecognized pension and postretirement benefit costs after the merger with Chesapeake Utilities related to its regulated operations, which is included in the above table as a post-merger regulatory asset. FPU also continues to maintain and amortize a portion of the unrecognized pension and postretirement benefit costs prior to the merger with Chesapeake Utilities related to its regulated operations, which is shown as a pre-merger regulatory asset. The amounts in accumulated other comprehensive loss and recorded as a regulatory asset for our pension and postretirement benefits plans that are expected to be recognized as a component of net periodic benefit cost in 2018 are set forth in the following table:
Assumptions The assumptions used for the discount rate to calculate the benefit obligations of all the plans were based on the interest rates of high-quality bonds in 2017, reflecting the expected lives of the plans. In determining the average expected return on plan assets for each applicable plan, various factors, such as historical long-term return experience, investment policy and current and expected allocation, were considered. Since Chesapeake Utilities' plans and FPU’s plans have different expected plan lives, particularly in light of the lump-sum-payment option provided in the Chesapeake Pension Plan, different assumptions regarding discount rate and expected return on plan assets were selected for Chesapeake Utilities' and FPU’s plans. Since both pension plans are frozen with respect to additional years of service and compensation, the rate of assumed compensation increases is not applicable. The health care inflation rate for 2017 used to calculate the benefit obligation is 5.0 percent for medical and 6.0 percent for prescription drugs for the Chesapeake Postretirement Plan; and 5.0 percent for both medical and prescription drugs for the FPU Medical Plan. A one-percentage point increase in the health care inflation rate from the assumed rate would increase the accumulated postretirement benefit obligation by approximately $277,000 as of December 31, 2017, and would increase the aggregate of the service cost and interest cost components of the net periodic postretirement benefit cost for 2017 by approximately $11,000. A one-percentage point decrease in the health care inflation rate from the assumed rate would decrease the accumulated postretirement benefit obligation by approximately $215,000 as of December 31, 2017, and would decrease the aggregate of the service cost and interest cost components of the net periodic postretirement benefit cost for 2017 by approximately $8,000. Estimated Future Benefit Payments In 2018, we expect to contribute $359,000 and $1.5 million to the Chesapeake Pension Plan and FPU Pension Plan, respectively, and $151,000 to the Chesapeake SERP. We also expect to contribute $97,000 and $88,000 to the Chesapeake Postretirement Plan and FPU Medical Plan, respectively, in 2017. The schedule below shows the estimated future benefit payments for each of the plans previously described:
Retirement Savings Plan For the years ended December 31, 2017, 2016 and 2015, we sponsored a 401(k) Retirement Savings Plan. This plan is offered to all eligible employees who have completed three months of service. We match 100 percent of eligible participants’ pre-tax contributions to the Retirement Savings Plan up to a maximum of six percent of eligible compensation. The employer matching contribution is made in cash and is invested based on a participant’s investment directions. In addition, we may make a discretionary supplemental contribution to participants in the plan, without regard to whether or not they make pre-tax contributions. Any supplemental employer contribution is generally made in our common stock. With respect to the employer match and supplemental employer contribution, employees are 100 percent vested after two years of service or upon reaching 55 years of age while still employed by us. New employees who do not make an election to contribute and do not opt out of the Retirement Savings Plan will be automatically enrolled at a deferral rate of three percent, and the automatic deferral rate will increase by one percent per year up to a maximum of six percent. In 2018, the maximum automatic deferral rate will be increased to ten percent. All contributions and matched funds can be invested among the mutual funds available for investment. Employer contributions to our Retirement Savings Plan totaled $5.0 million, $4.5 million, and $4.1 million for the years ended December 31, 2017, 2016 and 2015, respectively. As of December 31, 2017, there were 831,183 shares of our common stock reserved to fund future contributions to the Retirement Savings Plan. Non-Qualified Deferred Compensation Plan Members of our Board of Directors, and executive officers designated by the Compensation Committee, are eligible to participate in the Non-Qualified Deferred Compensation Plan. Directors can elect to defer any portion of their cash or stock compensation and executive officers can defer up to 80 percent of their base compensation, cash bonuses or any amount of their stock bonuses (net of required withholdings). Executive officers may receive a matching contribution on their cash compensation deferrals up to six percent of their compensation, provided it does not duplicate a match they receive in the Retirement Savings Plan. Stock bonuses are not eligible for matching contributions. Participants are able to elect the payment of benefits to begin on a specified future date or upon separation from service. Additionally, participants can elect to receive payments upon the earlier of a fixed date or separation from service or they can elect to receive payment upon the later of a fixed date or separation from service. The payments can be made in one lump sum or annual installments for up to 15 years. All obligations arising under the Non-Qualified Deferred Compensation Plan are payable from our general assets, although we have established a Rabbi Trust to informally fund the plan. Deferrals of cash compensation may be invested by the participants in various mutual funds (the same options that are available in the Retirement Savings Plan). The participants are credited with gains or losses on those investments. Deferred stock compensation may not be diversified. The participants are credited with dividends on our common stock in the same amount that is received by all other stockholders. Such dividends are reinvested into our common stock. Assets held in the Rabbi Trust had a fair value of $6.7 million and $4.9 million at December 31, 2017 and 2016, respectively. (See Note 9, Investments, for further details). The assets of the Rabbi Trust are at all times subject to the claims of our general creditors. Deferrals of executive base compensation and cash bonuses and directors’ cash retainers are paid in cash. All deferrals of executive performance shares, which represent deferred stock units, and directors’ stock retainers are paid in shares of our common stock, except that cash is paid in lieu of fractional shares. The value of our stock held in the Rabbi Trust is classified within the stockholders’ equity section of the consolidated balance sheets and has been accounted for in a manner similar to treasury stock. The amounts recorded under the Non-Qualified Deferred Compensation Plan totaled $3.4 million and $2.4 million at December 31, 2017 and 2016, respectively. |
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- Definition The entire disclosure for pension and other postretirement benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Share-Based Compensation Plans |
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Share-Based Compensation Plans | SHARE-BASED COMPENSATION PLANS Our non-employee directors and key employees have been 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. We have 509,202 shares of common stock reserved for issuance under the SICP. The table below presents the amounts included in net income related to share-based compensation expense for the awards granted under the SICP for the years ended December 31, 2017, 2016 and 2015:
Stock Options We did not have any stock options outstanding at December 31, 2017 or 2016, nor were any stock options issued during the years 2015 through 2017. Non-employee Directors Shares granted to non-employee directors are issued in advance of these directors’ service periods and are fully vested as of the date of the grant. 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 2017, each of our non-employee directors received an annual retainer of 835 shares of common stock under the SICP for board service through the 2018 Annual Meeting of Stockholders. A summary of stock activity for our non-employee directors for the years ended December 31, 2017 and 2016 is presented below:
The weighted average grant date fair value of shares granted to our non-employee directors during 2017, 2016 and 2015 was $71.80, $62.90 and $45.54 per share, respectively. The intrinsic values of the shares granted to our non-employee directors are equal to the fair value of these awards on the date of grant. At December 31, 2017, there was $179,000 of unrecognized compensation expense related to these awards. This expense will be fully recognized by April 2018, which approximates the expected remaining service period of those directors. Key Employees Our Compensation Committee is authorized to grant our key employees the right to receive awards of shares of our common stock, contingent upon the achievement of established performance goals. These awards are subject to certain post-vesting transfer restrictions. We currently have outstanding several multi-year performance plans, which are 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 share of stock, tied to a performance-based condition or target, is equal to the market price of our common stock on the date of the grant. For the market-based conditions, we used the Black-Scholes pricing model to estimate the fair value of each share of market-based award granted. The table below presents the summary of the stock activity for awards to key employees:
In 2017, 2016 and 2015, we withheld shares with a value at least equivalent to the employees’ minimum statutory obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities with the executives electing to receive the net shares. The total number of shares withheld of 10,269, 12,031 and 12,620 for 2017, 2016 and 2015, respectively, were based on the closing price of the shares on their award date. Total payments for the employees’ tax obligations to the taxing authorities were approximately $692,000, $770,000 and $592,000, in 2017, 2016 and 2015, respectively. The tax benefits associated with these obligations for 2017, 2016 and 2015 are $349,000, $285,000, and $297,000, respectively. The tax benefit for 2015 was recorded in additional paid-in capital in the consolidated statements of stockholders' equity. The tax benefit for 2017 and 2016 was included in the statements of income due to the adoption of new accounting guidance. The weighted average grant-date fair value of shares granted to key employees during 2017, 2016 and 2015 was $63.42, $67.90 and $47.65 per share, respectively. The intrinsic value of these awards was $10.4 million, $7.7 million and $6.3 million in 2017, 2016 and 2015, respectively. At December 31, 2017, there was $2.3 million of unrecognized compensation cost related to these awards, which is expected to be recognized during 2018 through 2019. |
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- 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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Rates and Other Regulatory Activities |
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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 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: In December 2015, our Delaware Division filed an application with the Delaware PSC for a base rate increase and certain other changes to its tariff. The Delaware Division, Delaware PSC Staff, the Division of the Public Advocate and other intervenors met and reached a settlement agreement in November 2016. The terms of the settlement agreement included an annual increase of approximately $2.3 million in base rates. The order became final in December 2016, and the new rates became effective January 1, 2017. Amounts collected through interim rates in excess of the respective portion of the $2.3 million increase through December 31, 2016 were accrued as of that date. In January 2017, we filed our proposed refund plan with the Delaware PSC and subsequently issued refunds to customers in March 2017. Effect of the TCJA on rate payers: As result of the enactment of the TCJA, the Delaware PSC issued an order requiring all rate-regulated utilities to file estimates of their determination of the impact of the TCJA on their cost of service for the most recent test year available (including new rate schedules). The order also requires utilities to propose procedures for changing rates to reflect those impacts on or before March 31, 2018. Our Delaware Division is assessing the impact of the TCJA and will file the requisite reports with the Delaware PSC. If, after reviewing the required filing, the Delaware PSC determines to reduce our rates, it will open a new docket and establish a procedural schedule for conducting an evidentiary hearing regarding the impacts of the TCJA on our operations and existing rates. We believe that the ultimate resolution of this matter will not have a material impact on our financial position or results of operations. In addition, the Division of the Public Advocate filed a Motion to direct regulated public utilities to accrue regulatory liabilities, starting February 1, 2018, to reflect the Delaware jurisdictional revenue requirement impacts of the changes in the federal corporate income tax rate effected by the TCJA. On February 1, 2018, the PSC issued an order requiring Delaware rate-regulated public utilities to accrue regulatory liabilities reflecting the jurisdictional revenue requirement impacts of the changes in the federal corporate income tax laws. Maryland Division and Sandpiper Effect of the TCJA on rate payers: The Maryland PSC issued an order requiring all Maryland public utilities whose rates are explicitly grossed-up for income taxes to track the impacts of the TCJA beginning January 1, 2018. The order required utilities to: (a) apply regulatory accounting treatment, which includes the use of regulatory assets and liabilities for all impacts of the TCJA; (b) file, on or before February 15, 2018, an explanation of the expected effects of the TCJA on their expenses and revenues; and (c) explain when and how they expect to pass on to their customers the net results of those effects. Our Maryland division and Sandpiper prepared filings that included preliminary estimates of the annual impact of the change in the statutory federal income tax rate from 35 percent to 21 percent and also requested that the Maryland PSC grant us additional time to finalize our calculations. We will be recommending appropriate treatment and/or amortization periods for the regulatory liabilities created from the deferred tax revaluation. Florida Cost Recovery for the Electric Interconnect Project: In September 2015, FPU’s electric division filed to recover the cost of the proposed FPL interconnect project through FPU's annual Fuel and Purchased Power Cost Recovery Clause filing. The interconnect project would enable FPU's electric division to negotiate a new power purchase agreement to mitigate fuel costs for its Northeast division. FPU's proposal was approved by the Florida PSC at its Agenda Conference held in December 2015. In January 2016, however, the Office of Public Counsel filed an appeal of the Florida PSC's decision with the Florida Supreme Court. The Florida Supreme Court reversed the Florida PSC decision in March 2017, after consideration of the parties' legal briefs and oral arguments. As a result, FPU excluded the recovery of these costs from its 2018 Fuel and Purchased Power Cost Recovery Clause and included the costs for recovery in the limited proceeding filing described below. Surcharge Associated with Modernization of Electric Distribution System Project: In February 2017, FPU’s electric division filed a petition with the Florida PSC requesting a temporary surcharge mechanism to recover costs and generate an appropriate return on investment associated with an essential reliability and modernization project for its electric distribution system. FPU requested approval to invest approximately $59.8 million, over a five-year period, associated with the modernization project. In February 2017, the Office of Public Counsel intervened in this petition. The Florida PSC requested that FPU file a limited proceeding to include these investments in base rates instead of seeking approval of a temporary surcharge. In April 2017, FPU voluntarily withdrew its petition and subsequently filed the limited proceeding described in the next paragraph. Electric Limited Proceeding: In July 2017, FPU’s electric division filed a petition with the Florida PSC, requesting approval to include $15.2 million of certain capital project expenditures in its rate base and to adjust its base rates accordingly. These expenditures are designed to improve the stability and safety of the electric system while enhancing the capability of FPU’s grid. Included in the $15.2 million is the interconnection project with FPL, which enables FPU to mitigate fuel costs for its electric customers. In December 2017, the Florida PSC approved this petition with an effective date of January 1, 2018. The settlement agreement prescribes the methodology for adjusting the new rates based on the lower federal income tax rate and the process and methodology regarding the refund of deferred income taxes, reclassified as a regulatory liability, as a result of the TCJA. Northwest Florida Expansion Project: Peninsula Pipeline and our Florida Division are constructing a pipeline in Escambia County, Florida, that will interconnect with FGT's pipeline. The project consists of 33 miles of 12-inch transmission line from the FGT interconnect that will be operated by Peninsula Pipeline and eight miles of 8-inch lateral distribution line that will be operated by Chesapeake Utilities' Florida Division. We have entered into agreements to serve two large customers and are marketing to other customers located close to the facilities. New Smyrna Beach, Florida Project: In 2017, Peninsula Pipeline constructed a pipeline in Volusia County, Florida, that interconnects with FGT's pipeline. The project, which was placed into service in the fourth quarter of 2017, consists of 14 miles of transmission line from the FGT interconnect operated by Peninsula Pipeline and serves FPU's natural gas distribution system. (Palm Beach County) Belvedere, Florida Project Peninsula Pipeline is constructing a pipeline in Palm Beach County, Florida that will interconnect with FGT's pipeline. The project consists of approximately two miles of transmission pipe that will bring gas directly to FPU’s distribution system in West Palm Beach. This interconnection, which will be operated by Peninsula Pipeline, will bring gas directly to FPU’s distribution system in the vicinity of Belvedere Road and Sonsbury Way in West Palm Beach, Florida. This expansion is expected to be placed into service by the end of the third quarter of 2018. Effect of the TCJA on rate payers: The Office of Public Counsel filed a petition requesting the Florida PSC to establish a general docket to investigate and adjust rates for all investor-owned utilities related to the passage of the TCJA. The Florida PSC issued a Memorandum with a recommendation that, if utilities do not agree to a January 1, 2018 effective date, then the effective date should be February 6, 2018. On January 30, 2018, the Florida PSC scheduled informal meetings between its staff and interested persons to discuss the impact of TCJA. Meetings to discuss the impact of the TCJA for natural gas utilities, electric utilities and water and wastewater utilities have been scheduled individually in mid-February 2018. In the case of our FPU electric division, an order was issued in December regarding the limited proceeding, which prescribes the applicability, timing and treatment of the implications of tax reform. We believe that the ultimate resolution of this matter will not have a material impact on our financial position or results of operations. Eastern Shore White Oak Mainline Expansion Project: In July 2016, Eastern Shore received FERC 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 constructed approximately 5.4 miles of 16-inch diameter pipeline looping in Chester County, Pennsylvania and increased compression capability at Eastern Shore’s existing Delaware City compressor station in New Castle County, Delaware. At the end of March 2017, the entire project was placed into service. The total cost to complete the project was approximately $42.0 million. System Reliability Project: In September 2016, the FERC approved Eastern Shore's application 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. Previously, in July 2016, the FERC granted Eastern Shore’s pre-determination of rolled-in rate treatment absent any significant change in circumstances. As of June 2017, the entire project was placed into service. The total cost to complete the project was approximately $38.0 million. We began to recover the project's costs in August 2017, coinciding with the proposed effectiveness of new rates, subject to refund, pending final resolution of the base rate case described below. 2017 Expansion Project: In May 2016, FERC approved Eastern Shore's request to initiate the pre-filing review process for its 2017 Expansion Project. The 2017 Expansion Project's facilities include approximately 23 miles of pipeline looping in Pennsylvania, Maryland and Delaware; upgrades to existing metering facilities in Lancaster County, Pennsylvania; installation of an additional 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. Eastern Shore entered into precedent agreements with seven existing customers, including three affiliates of Chesapeake Utilities, for a total of 61,162 Dts/d of additional firm natural gas transportation service on Eastern Shore’s pipeline system with an additional 52,500 Dts/d of firm transportation service at certain Eastern Shore receipt facilities. In December 2016, Eastern Shore submitted an application for a CP authorizing construction of the expansion facilities, which the FERC issued in October 2017. The estimated cost of the 2017 Expansion Project is approximately $117.0 million. In December 2017, the TETLP interconnect was placed into service, as requested. The remaining segments of the Expansion Project are expected to be placed into service in various phases over the second through fourth quarters of 2018. 2017 Rate Case Filing: In January 2017, Eastern Shore filed a base rate proceeding with the FERC, as required by the terms of its 2012 rate case settlement agreement. Eastern Shore's proposed rates were based on the mainline cost of service of approximately $60.0 million, resulting in an overall requested revenue increase of approximately $18.9 million and a requested rate of return on common equity of 13.75 percent. In March 2017, the FERC issued an order suspending the tariff rates for the usual five-month period. On August 1, 2017, Eastern Shore implemented new rates, subject to refund based upon the outcome of the rate proceeding. Eastern Shore recorded incremental revenue of approximately $3.7 million for the year ended December 31, 2017, and established a regulatory liability to reserve a portion of the total incremental revenues generated by the new rates until the rate case settlement is approved by the FERC and customers receive refunds according to the terms of the settlement agreement. Eastern Shore filed an uncontested settlement agreement and a motion to place interim settlement rates into effect on January 1, 2018. In December 2017, FERC issued an order approving the implementation of interim settlement rates. Not considering the effects of the TCJA, base rates will increase, on an annual basis, by approximately $9.8 million. On February 28, 2018, FERC approved the settlement agreement by a letter order. The order will be deemed final upon the expiration of the right to rehearing on March 30, 2018. Eastern Shore will recover the costs of its 2016 System Reliability Project (placed into service in 2017), along the cost of investments and expenses associated with various expansion, reliability and safety initiatives. Effect of the TCJA on rate payers: As set forth in the settlement agreement filed with the FERC in the rate case, Eastern Shore agreed to make a filing to reflect the change in the federal corporate income tax rate. Any excess accumulated deferred income tax balances would flow back to customers over the period determined in the next rate case, absent any transition rule included in the TCJA or other statutes or rules that would govern the flow-back period. We believe that the ultimate resolution of this matter will not have a material impact on our financial position or results of operations. At December 31, 2017 and 2016, our regulated utility operations had recorded the following regulatory assets and liabilities included in our consolidated balance sheets. These assets and liabilities will be recognized as revenues and expenses in future periods as they are reflected in customers’ rates.
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- Definition The entire disclosure for public utilities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Environmental Commitments and Contingencies |
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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 in discussions with the MDE regarding another former MGP site located in Cambridge, Maryland. As of December 31, 2017, we had approximately $9.6 million in environmental liabilities, related to 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 its MGP sites. Approximately $11.0 million has been recovered as of December 31, 2017, leaving approximately $3.0 million in regulatory assets for future recovery of environmental costs from FPU’s customers. Environmental liabilities for 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. The following is a summary of our remediation status and estimated costs to implement clean-up of our key MGP sites:
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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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Other Commitments and Contingencies |
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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. In 2017, our Delmarva Peninsula natural gas distribution operations entered into asset management agreements with PESCO to manage a portion of their natural gas transportation and storage capacity. The agreements were effective as of April 1, 2017, and each has a three-year term, expiring on March 31, 2020. Previously, the Delaware PSC approved PESCO to serve as an asset manager with respect to our Delaware Division. 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 2.7 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 2.7 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 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 FPL requires FPU to meet or exceed a debt service coverage ratio of 1.25 times based on the results of the prior 12 months. If this ratio is not met by FPU, it must provide an irrevocable letter of credit or pay all amounts outstanding under the agreement within five business days. 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 the requirements, 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 December 31, 2017, FPU was in compliance with all of the requirements of its fuel supply contracts. Eight Flags provides electricity and steam generation services through its CHP plant located on Amelia Island, Florida. In June 2016, Eight Flags began selling power generated from the CHP plant to FPU pursuant to a 20-year power purchase agreement for distribution to its retail electric customers. In July 2016, Eight Flags also started selling steam, pursuant to a separate 20-year contract, to Rayonier, the land owner on which the CHP plant is located. The CHP plant is powered by natural gas transported by FPU through its distribution system and Peninsula Pipeline through its intrastate pipeline. The total purchase obligations for natural gas, electric and propane supplies are approximately $152.9 million for 2018, $122.8 million for 2019-2020, $44.6 million for 2021-2022 and $149.6 million thereafter. Corporate Guarantees The Board of Directors has authorized the Company to issue corporate guarantees securing obligations of our subsidiaries and to obtain letters of credit securing our subsidiaries' obligations. The maximum authorized liability under such guarantees and letters of credit was $95.0 million. We have issued corporate guarantees to certain vendors of our subsidiaries, primarily PESCO. These corporate guarantees provide for the payment of natural gas purchases in the event that PESCO defaults. PESCO has never defaulted on its obligations to pay its suppliers. The liabilities for these purchases are recorded when incurred. The aggregate amount guaranteed at December 31, 2017 was $72.0 million, with the guarantees expiring on various dates through December 2018. 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 12, Long-Term Debt, for further details). As of December 31, 2017, we have issued letters of credit totaling approximately $5.0 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, the payment of natural gas purchases for PESCO, and to our current and previous primary insurance carriers. These letters of credit have various expiration dates through December 2018. There have been no draws on these letters of credit as of December 31, 2017. 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. |
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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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Quarterly Financial Data |
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Quarterly Financial Data (Unaudited) | QUARTERLY FINANCIAL DATA (UNAUDITED) In our opinion, the quarterly financial information shown below includes all adjustments necessary for a fair presentation of the operations for such periods. Due to the seasonal nature of our business, there are substantial variations in operations reported on a quarterly basis.
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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Policies) |
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Use of Estimates | Use of Estimates The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates in measuring assets and liabilities and related revenues and expenses. These estimates involve judgments with respect to, among other things, various future economic factors that are difficult to predict and are beyond our control; therefore, actual results could differ from these estimates |
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Property, Plant and Equipment | Property, Plant and Equipment Property, plant and equipment are stated at original cost less accumulated depreciation or fair value, if impaired. Costs include direct labor, materials and third-party construction contractor costs, AFUDC, and certain indirect costs related to equipment and employees engaged in construction. The costs of repairs and minor replacements are charged to expense as incurred, and the costs of major renewals and betterments are capitalized. Upon retirement or disposition of property within the regulated businesses, the gain or loss, net of salvage value, is charged to accumulated depreciation. Upon retirement or disposition of property owned by the unregulated businesses, the gain or loss, net of salvage value, is charged to income. A summary of property, plant and equipment by classification as of December 31, 2017 and 2016 is provided in the following table:
Contributions or Advances in Aid of Construction Customer contributions or advances in aid of construction reduce property, plant and equipment, unless the amounts are refundable to customers. Contributions or advances may be refundable to customers after a number of years based on the amount of revenues generated from the customers or the duration of the service provided to the customers. Refundable contributions or advances are recorded initially as liabilities. The amounts that are determined to be non-refundable reduce property, plant and equipment at the time of such determination. During the years ended December 31, 2017, 2016 and 2015, there were $2.1 million, $1.0 million and $1.7 million, respectively, of non-refundable contributions or advances that reduced property, plant and equipment. Allowance for Funds Used During Construction Some of the additions to our regulated property, plant and equipment include AFUDC, which represents the estimated cost of funds, from both debt and equity sources, used to finance the construction of major projects. AFUDC is capitalized in the applicable rate base for rate making purposes when the completed projects are placed in service. During the years ended December 31, 2017, 2016 and 2015, AFUDC, which was reflected as a reduction of interest charges, was not material. Assets Used in Leases Property, plant and equipment for the Florida natural gas transmission operation included $1.4 million of assets, at December 31, 2017 and 2016, consisting primarily of mains, measuring equipment and regulation station equipment used by Peninsula Pipeline to provide natural gas transmission service pursuant to a contract with a third party. This contract is accounted for as an operating lease due to the exclusive use of the assets by the customer. The service under this contract commenced in January 2009 and generates $264,000 in annual revenue for a 20-year term. Accumulated depreciation for these assets totaled $652,000 and $580,000 at December 31, 2017 and 2016, respectively. Capital Lease Asset Property, plant and equipment for our Delmarva Peninsula natural gas distribution operation included a capital lease asset of $2.0 million and $3.4 million, net of accumulated amortization, at December 31, 2017 and 2016, respectively, related to Sandpiper's capacity, supply and operating agreement. The original fair value of this asset was $7.1 million. See Note 20, Other Commitments and Contingencies, for additional information. At December 31, 2017 and 2016, accumulated amortization for this capital lease asset was $5.1 million and $3.7 million, respectively. For the years ended December 31, 2017, 2016 and 2015, we recorded $1.4 million, $1.4 million and $1.3 million, respectively, in amortization of this capital lease asset, which was included in our fuel cost recovery mechanisms. Jointly-owned Pipeline Property, plant and equipment for our Florida natural gas transmission operation also included $6.7 million of assets, at December 31, 2017 and 2016, which consists of the 16-mile pipeline from the Duval/Nassau County line to Amelia Island in Nassau County, Florida, jointly owned by Peninsula Pipeline and Peoples Gas. The amount included in property, plant and equipment represents Peninsula Pipeline’s 45-percent ownership of this pipeline. Each party was responsible for financing its portion of the jointly-owned pipeline. This 16-mile pipeline was placed in service in December 2012. Accumulated depreciation for this pipeline totaled $1.3 million and $1.0 million, at December 31, 2017 and 2016, respectively. Asset Impairment Evaluations We periodically evaluate whether events or circumstances have occurred, which indicate that other long-lived assets may not be fully recoverable. The determination of whether an impairment has occurred is based on an estimate of undiscounted future cash flows attributable to the asset, compared to the carrying value of the asset. When such events or circumstances are present, we record an impairment loss equal to the excess of the asset's carrying value over its fair value, if any. In May 2015, we entered into a settlement agreement with a vendor related to the implementation of a customer billing system. Pursuant to the agreement, we received $1.5 million in cash, which is reflected as "Gain from a settlement" in the accompanying consolidated statements of income. In May 2016, we |
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Depreciation and Accretion Included in Operations Expenses | Depreciation and Accretion Included in Operations Expenses We compute depreciation expense for our regulated operations by applying composite, annual rates, as approved by the respective regulatory bodies. The following table shows the average depreciation rates used for regulated operations during the years ended December 31, 2017, 2016 and 2015:
For our unregulated operations, we compute depreciation expense on a straight-line basis over the following estimated useful lives of the assets:
We report certain depreciation and accretion in operations expense, rather than as a depreciation and amortization expense, in the accompanying consolidated statements of income in accordance with industry practice and regulatory requirements. Depreciation and accretion included in operations expense consists of the accretion of the costs of removal for future retirements of utility assets, vehicle depreciation, computer software and hardware depreciation, and other minor amounts of depreciation expense. For the years ended December 31, 2017, 2016 and 2015, we reported $8.1 million, $7.3 million and $7.0 million, respectively, of depreciation and accretion in operations expenses. |
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Regulated Operations | Regulated Operations We account for our regulated operations in accordance with ASC Topic 980, Regulated Operations, which includes accounting principles for companies whose rates are determined by independent third-party regulators. When setting rates, regulators often make decisions, the economics of which require companies to defer costs or revenues in different periods than may be appropriate for unregulated enterprises. When this situation occurs, a regulated company defers the associated costs as regulatory assets on the balance sheet and records them as expense on the income statement as it collects revenues. Further, regulators can also impose liabilities upon a regulated company, for amounts previously collected from customers and for recovery of costs that are expected to be incurred in the future, as regulatory liabilities. If we were required to terminate the application of these regulatory provisions to our regulated operations, all such deferred amounts would be recognized in the statement of income at that time, which could have a material impact on our financial position, results of operations and cash flows. We monitor our regulatory and competitive environments to determine whether the recovery of our regulatory assets continues to be probable. If we were to determine that recovery of these assets is no longer probable, we would write off the assets against earnings. We believe that the provisions of ASC Topic 980, Regulated Operations, continue to apply to our regulated operations and that the recovery of our regulatory assets is probable. |
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Operating Revenues | Revenues for our natural gas and electric distribution operations are based on rates approved by the PSC in each state in which they operate. Eastern Shore’s revenues are based on rates approved by the FERC. Customers’ base rates may not be changed without formal approval by these commissions. The PSCs, however, have authorized our regulated operations to negotiate rates, based on approved methodologies, with customers that have competitive alternatives. The FERC has also authorized Eastern Shore to negotiate rates above or below the FERC-approved maximum rates, which customers can elect as an alternative to negotiated rates. For regulated deliveries of natural gas and electricity, we read meters and bill customers on monthly cycles that do not coincide with the accounting periods used for financial reporting purposes. We accrue unbilled revenues for natural gas and electricity that have been delivered, but not yet billed, at the end of an accounting period to the extent that they do not coincide. We estimate the amount of the unbilled revenue by jurisdiction and customer class. A similar computation is made to accrue unbilled revenues for propane customers with meters and natural gas marketing customers, whose billing cycles do not coincide with our accounting periods. Our Ohio natural gas supply operation recognizes revenues based on actual volumes of natural gas shipped using contractual rates, which are based upon index prices that are published monthly. Our natural gas marketing operation recognizes revenue based on the volume of natural gas delivered to its customers. The propane wholesale marketing operation records trading activity for open contracts on a net mark-to-market basis in our consolidated statements of income. For propane bulk delivery customers without meters, we record revenue in the period the products are delivered and/or services are rendered. Eight Flags records revenues based on the amount of electricity and steam generated and sold to its customers. All of our natural gas and electric distribution operations, except for two utilities that do not sell natural gas to end-use customers as a result of deregulation, have fuel cost recovery mechanisms. These mechanisms provide a method of adjusting the billing rates to reflect changes in the cost of purchased fuel. The difference between the current cost of fuel purchased and the cost of fuel recovered in billed rates is deferred and accounted for as either unrecovered fuel cost or amounts payable to customers. Generally, these deferred amounts are recovered or refunded within one year. Chesapeake Utilities' Florida Division and FPU's Indiantown division provide unbundled delivery service to their customers, whereby the customers are permitted to purchase their gas requirements directly from competitive natural gas marketers. We charge flexible rates to our natural gas distribution industrial interruptible customers to compete with prices of alternative fuels which these customers are able to use. Neither we nor our interruptible customers are contractually obligated to deliver or receive natural gas on a firm service basis. We report revenue taxes, such as gross receipts taxes, franchise taxes, and sales taxes, on a net basis. |
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Cost of Sales | Cost of Sales Cost of sales includes the direct costs attributable to the products sold or services provided to our customers. These costs include primarily the variable cost of natural gas, electricity and propane commodities, pipeline capacity costs needed to transport and store natural gas, transmission costs for electricity, gathering and processing gas costs, transportation costs to transport propane purchases to our storage facilities, and steam and electricity generation costs. Depreciation expense is not included in our cost of sales. |
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Operations and Maintenance Expenses | Operations and Maintenance Expenses Operations and maintenance expenses include operations and maintenance salaries and benefits, materials and supplies, usage of vehicles, tools and equipment, payments to contractors, utility plant maintenance, customer service, professional fees and other outside services, insurance expense, minor amounts of depreciation, accretion of cost of removal for future retirements of utility assets and other administrative expenses. |
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Cash and Cash Equivalents | Cash and Cash Equivalents Our policy is to invest cash in excess of operating requirements in overnight income-producing accounts. Such amounts are stated at cost, which approximates fair value. Investments with an original maturity of three months or less when purchased are considered cash equivalents. |
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Accounts Receivable and Allowance for Doubtful Accounts | Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable consist primarily of amounts due for distribution sales of natural gas, electricity and propane and transportation services to customers. An allowance for doubtful accounts is recorded against amounts due to reduce the receivables balance to the amount we reasonably expect to collect based upon our collections experiences and our assessment of customers’ inability or reluctance to pay. If circumstances change, our estimates of recoverable accounts receivable may also change. Circumstances which could affect such estimates include, but are not limited to, customer credit issues, the level of natural gas, electricity and propane prices and general economic conditions. Accounts are written off when they are deemed to be uncollectible. |
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Inventories | Inventories We use the average cost method to value propane, materials and supplies, and other merchandise inventory. If market prices drop below cost, inventory balances that are subject to price risk are adjusted to their net realizable value. There was no lower-of-cost-or-net realizable value adjustment during 2017, 2016 |
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Goodwill and Other Intangible Assets | Goodwill and Other Intangible Assets Goodwill is not amortized but is tested for impairment at least annually. Goodwill of a reporting unit is tested for impairment between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying value. We use a present value technique based on discounted cash flows to estimate the fair value of our reporting units. An impairment charge is recognized if the carrying value of a reporting unit’s goodwill exceeds its implied fair value. The testing of goodwill for 2017, 2016 and 2015 indicated no goodwill impairment. Other intangible assets are amortized on a straight-line basis over their estimated economic useful lives. |
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Other Deferred Charges | Other Deferred Charges Other deferred charges primarily include issuance costs associated with short-term borrowings. These charges are amortized over the life of the related short-term debt borrowings. |
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Pension and Other Postretirement Plans | Pension and Other Postretirement Plans Pension and other postretirement plan costs and liabilities are determined on an actuarial basis and are affected by numerous assumptions and estimates, including the fair value of plan assets, estimates of the expected returns on plan assets, assumed discount rates, the level of contributions made to the plans, and current demographic and actuarial mortality data. We review annually the estimates and assumptions underlying our pension and other postretirement plan costs and liabilities with the assistance of third-party actuarial firms. The assumed discount rates, expected returns on plan assets and the mortality assumption are the factors that generally have the most significant impact on our pension costs and liabilities. The assumed discount rates, health care cost trend rates and rates of retirement generally have the most significant impact on our postretirement plan costs and liabilities. The discount rates are utilized principally in calculating the actuarial present value of our pension and postretirement obligations and net pension and postretirement costs. When estimating our discount rates, we consider high quality corporate bond rates, such as the Prudential curve index and the Citigroup yield curve, changes in those rates from the prior year and other pertinent factors, including the expected life of each of our plans and their respective payment options. The expected long-term rates of return on assets are utilized in calculating the expected returns on the plan assets component of our annual pension plan costs. We estimate the expected returns on plan assets of each of our plans by evaluating expected bond returns, asset allocations, the effects of active plan management, the impact of periodic plan asset rebalancing and historical performance. We also consider the guidance from our investment advisors in making a final determination of our expected rates of return on assets. We estimate the health care cost trend rates used in determining our postretirement net expense based upon actual health care cost experience, the effects of recently enacted legislation and general economic conditions. Our assumed rate of retirement is estimated based upon our annual reviews of participant census information as of the measurement date. The mortality assumption used for our pension and postretirement plans is based on the actuarial table that is most reflective of the expected mortality of the plan participants and reviewed periodically. Actual changes in the fair value of plan assets and the differences between the actual and expected return on plan assets could have a material effect on the amount of pension and postretirement benefit costs that we ultimately recognize. A 0.25 percent decrease in the discount rate could increase our annual pension and postretirement costs by approximately $7,000, and a 0.25 percent increase could decrease our annual pension and postretirement costs by approximately $9,000. A 0.25 percent change in the rate of return could change our annual pension cost by approximately $143,000 and would not have an impact on the postretirement and supplemental executive retirement plans because these plans are not funded. |
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Income Taxes and Investment Tax Credit Adjustments | Income Taxes, Investment Tax Credit Adjustments and Tax-Related Contingency Deferred tax assets and liabilities are recorded for the income tax effect of temporary differences between the financial statement basis and tax basis of assets and liabilities and are measured using the enacted income tax rates in effect in the years in which the differences are expected to reverse. Deferred tax assets are recorded net of any valuation allowance when it is more likely than not that such income tax benefits will be realized. Investment tax credits on utility property have been deferred and are allocated to income ratably over the lives of the subject property. We account for uncertainty in income taxes in our consolidated financial statements only if it is more likely than not that an uncertain tax position is sustainable based on technical merits. Recognizable tax positions are then measured to determine the amount of benefit recognized in the consolidated financial statements. We recognize penalties and interest related to unrecognized tax benefits as a component of other income. We account for contingencies associated with taxes other than income when the likelihood of a loss is both probable and estimable. In assessing the likelihood of a loss, we do not consider the existence of current inquiries, or the likelihood of future inquiries, by tax authorities as a factor. Our assessment is based solely on our application of the appropriate statutes and the likelihood of a loss assuming the proper inquiries are made by tax authorities. |
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Financial Instruments | Financial Instruments Prior to its wind down in the second quarter of 2017, Xeron engaged in trading activities using forward and futures contracts, which were accounted for using the MTM method of accounting. Under MTM accounting, our trading contracts were recorded at fair value as derivative assets and liabilities. The changes in fair value of the contracts were recognized as gains or losses in revenues in the consolidated statements of income in the period of change. Our natural gas, electric and propane distribution operations and natural gas marketing operations enter into agreements with suppliers to purchase natural gas, electricity, and propane for resale to our respective customers. Purchases under these contracts, as well as distribution and marketing operations sales agreements with counterparties or customers, either do not meet the definition of a derivative, or qualify for “normal purchases and sales” treatment under ASC Topic 815 Derivatives and Hedging, and are accounted for on an accrual basis. Our propane distribution operations enter into derivative transactions, such as swaps, put options and call options in order to mitigate the impact of wholesale price fluctuations on inventory valuation and future purchase commitments. Our natural gas marketing operation enters into natural gas futures and swap contracts to mitigate any price risk associated with the purchase and/or sale of natural gas to specific customers. These transactions may be designated as fair value hedges or cash flow hedges, if they meet all of the accounting requirements pursuant to ASC Topic 815, Derivatives and Hedging, and we elect to designate the instruments as hedges. If designated as a fair value hedge, the value of the hedging instrument, such as a swap, future, or put option, is recorded at fair value, with the effective portion of the gain or loss of the hedging instrument effectively reducing or increasing the value of the hedged item. If designated as a cash flow hedge, the value of the hedging instrument, such as a swap, call option or natural gas futures contract, is recorded at fair value with the effective portion of the gain or loss of the hedging instrument being recorded in comprehensive income. The ineffective portion of the gain or loss of a hedge is recorded in earnings. If the instrument is not designated as a fair value or cash flow hedge, or it does not meet the accounting requirements of a hedge under ASC Topic 815, Derivatives and Hedging, it is recorded at fair value with all gains or losses being recorded directly in earnings. In 2018, we will be adopting ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, the updated hedge accounting standard, which we expect will reduce the MTM volatility in PESCO’s results due to better alignment of risk management activities and financial reporting, risk component hedging and certain other simplifications of hedge accounting guidance. |
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Recently Adopted Accounting Standards | FASB Statements Recently Adopted Accounting Standards 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. We adopted ASU 2015-11 on January 1, 2017, on a prospective basis. Adoption of this standard did not have a material impact on our financial position or results of operations. 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. The underlying principle is that an entity will recognize revenue to depict the transfer of goods or services to customers at an amount that the entity expects to be entitled to in exchange for those goods or services. The guidance also requires a number of disclosures regarding the nature, amount, timing, and uncertainty of revenue and the related cash flows. 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 interim and annual financial statements issued beginning January 1, 2018. We have completed our evaluation of our revenue sources and the impact on our financial position, results of operations and cash flows. In tandem, we have developed and documented accounting policies and position papers, which are intended to meet the requirements of this new revenue recognition standard. We have also completed our plan to update our internal controls. Since the third quarter of 2017, we have provided additional training to our employees and have implemented system and process changes that are associated with the adoption of the standard. We will adopt the updated accounting guidance in the first quarter of 2018, using the modified retrospective transition method, which will result in a cumulative adjustment that will decrease retained earnings and receivables and other deferred charges by $1.5 million, related to one long-term firm transmission contract with an industrial customer for which the timing and recognition of revenue will be shifted to later years. Based on our assessment, we believe that the implementation of this new standard will not have a material impact on the amount and timing of revenue recognition, other than the one long-term contract for which we will delay the recognition of approximately $407,000 in revenue from 2018 to future years. 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. The FASB allows companies to elect several practical expedients, in order to simplify the transition to the new standard. The following three expedients must all be elected together:
•An entity need not reassess initial direct costs for any existing leases. Other practical expedients that can be elected individually are:
We expect to use the practical expedients to assist in implementation of this standard. We have assessed all of our leases and have concluded that we may have some operating leases that qualify for the short-term lease exception. Upon adoption, we will record the right-of-use assets and the lease liabilities related to our operating leases with a lease term in excess of one year. We do not believe that this will have a material impact on our financial position, results of operations or cash flows. In January 2018, the FASB issued ASU 2018-01, Land Easement Practical Expedient for Transition to Topic 842, which provides a practical expedient to not evaluate, under Topic 842, existing or expired land easements that were not previously accounted for as leases. We plan to utilize the provided practical expedient for existing and expired land easements and will assess all new or modified land easements and right-of-way agreements, under the guidance of ASU 2016-02, following its adoption. Statement of Cash Flows (ASC 230) - In August 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 believe that the implementation of this new standard will not have a material impact on our consolidated statement of cash flows. Intangibles-Goodwill (ASC 350) - In January 2017, the FASB issued ASU 2017-04, Simplifying the Test for Goodwill Impairment, which simplifies how an entity is required to test goodwill for impairment by eliminating Step 2 from the goodwill impairment test. ASU 2017-04 will be effective for our annual and interim financial statements beginning January 1, 2020, although early adoption is permitted. The amendments included in this ASU are to be applied prospectively. We believe that the implementation of this new standard will not have a material impact on our financial position or results of operations. Compensation-Retirement Benefits (ASC 715) - In March 2017, the FASB issued ASU 2017-07, Improving the Presentation of Net Periodic Pension Cost and Net Periodic Post Retirement Benefit Cost. Under this guidance, employers are required to report the service cost component in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period. The other components of net benefit costs are required to be presented in the income statement separately from the service cost component and outside a subtotal of income from operations. The update allows for capitalization of the service cost component when applicable. ASU 2017-07 will be effective for our annual and interim financial statements beginning January 1, 2018, although early adoption is permitted. The presentation of the service cost and other components in this update are to be applied retrospectively, and the capitalization of the service cost is to be applied prospectively on or after the effective date. Aside from changes in presentation, we believe that the implementation of this new standard will not have a material impact on our financial position or results of operations. Compensation - Stock Compensation (ASC 718) - In May 2017, the FASB issued ASU 2017-09, Scope of Modification Accounting, to clarify when to account for a change in the terms or conditions of a share-based payment award as a modification. Under this guidance, modification accounting is required only if the fair value, the vesting conditions or the award classification (equity or liability) changes as a result of a change in the terms or conditions of the award. The guidance is effective for our annual financial statements beginning January 1, 2018, although early adoption is permitted. The amendments included in this standard are to be applied prospectively. We believe that the implementation of this new standard will not have a material impact on our financial position or results of operations. Derivatives and Hedging (ASC 815) - In August 2017, the FASB issued ASU 2017-12, Targeted Improvements to Accounting for Hedging Activities, to better align an entity’s risk management activities and financial reporting for hedging relationships through changes to both the designation and measurement guidance for qualifying hedging relationships and the presentation of hedge results. Among other changes to hedge designation, ASU 2017-12 expands the risks that can be designated as hedged risks in cash flow hedges to include cash flow variability from contractually specified components of forecasted purchases or sales of non-financial assets. ASU 2017-12 requires the entire change in fair value of a hedging instrument included in the assessment of hedge effectiveness to be presented in the same income statement line that is used to present the earnings effects of the hedged item for fair value hedges and in other comprehensive income for cash flow hedges. For disclosures, ASU 2017-12 requires a tabular presentation of the income statement effect of fair value and cash flow hedges, and it eliminates the requirement to disclose the ineffective portion of the change in fair value of hedging instruments. ASU 2017-12 will be effective for our annual and interim financial statements beginning January 1, 2019, although early adoption is permitted. We are evaluating the effect of this standard on our future financial position and results of operations. In 2018, we will be adopting the updated hedge accounting standard, which we expect will reduce the MTM volatility in PESCO’s results due to better alignment of risk management activities and financial reporting, risk component hedging and certain other simplifications of hedge accounting guidance. Income Statement - Reporting Comprehensive Income (ASC 220) - In February 2018, the FASB issued ASU 2018-02, Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which allows a reclassification from accumulated other comprehensive income to retained earnings for stranded tax effects resulting from the TCJA. ASU 2018-02 will be effective for our annual and interim financial statements beginning January 1, 2019, although early adoption is permitted. We are evaluating the effect of this standard on our future financial position and results of operations. |
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- Definition Operations And Maintenance Expense Policy [Text Block] No definition available.
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- Definition Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for recognition of costs in the period which correspond to the sales and revenue categories presented in the statement of operations. The accounting policy may include the amount and nature of costs incurred, provisions associated with inventories, purchase discounts, freight and other costs included in cost of sales incurred and recorded in the period. This disclosure also includes the nature of costs of sales incurred and recorded in the statement of operations for the period relating to transactions with related parties. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for deferral and amortization of significant deferred charges. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for depreciation, depletion, and amortization of property and equipment costs, including methods used and estimated useful lives and how impairment of such assets is assessed and recognized. No definition available.
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- Definition Disclosure of accounting policy for determining the fair value of financial instruments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for goodwill and intangible assets. This accounting policy also may address how an entity assesses and measures impairment of goodwill and intangible assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of inventory accounting policy for inventory classes, including, but not limited to, basis for determining inventory amounts, methods by which amounts are added and removed from inventory classes, loss recognition on impairment of inventories, and situations in which inventories are stated above cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact. No definition available.
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- Definition Disclosure of accounting policy for pension and other postretirement benefit plans. This accounting policy may address (1) the types of plans sponsored by the entity, and the benefits provided by each plan (2) groups that participate in (or are covered by) each plan (3) how plan assets, liabilities and expenses are measured, including the use of any actuaries and (4) significant assumptions used by the entity to value plan assets and liabilities and how such assumptions are derived. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, basis of assets, depreciation and depletion methods used, including composite deprecation, estimated useful lives, capitalization policy, accounting treatment for costs incurred for repairs and maintenance, capitalized interest and the method it is calculated, disposals and impairments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for public utilities. Examples include a discussion about the scope criteria and appropriateness for and extent of the application of generally accepted accounting principles related to accounting for the effects of certain types of regulation (may include identification of specific business units). Other examples of the disclosures may include: descriptions of the form and economic effects of regulation (for example, but not limited to, recording of regulatory assets and liabilities to the rate setting process); statement about periodic assessments of periodic assessments of generally accepted accounting principles related to accounting for the effects of certain types of regulation; information regarding amortization of and return on regulatory assets and liabilities, including the remaining amounts and recovery or settlement periods; accounting for changes to recovery estimates; AFUDC, plant abandonment's and plant disallowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for trade and other accounts receivable, and finance, loan and lease receivables, including those classified as held for investment and held for sale. This disclosure may include (1) the basis at which such receivables are carried in the entity's statements of financial position (2) how the level of the valuation allowance for receivables is determined (3) when impairments, charge-offs or recoveries are recognized for such receivables (4) the treatment of origination fees and costs, including the amortization method for net deferred fees or costs (5) the treatment of any premiums or discounts or unearned income (6) the entity's income recognition policies for such receivables, including those that are impaired, past due or placed on nonaccrual status and (7) the treatment of foreclosures or repossessions (8) the nature and amount of any guarantees to repurchase receivables. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for revenue recognition. If the entity has different policies for different types of revenue transactions, the policy for each material type of transaction is generally disclosed. If a sales transaction has multiple element arrangements (for example, delivery of multiple products, services or the rights to use assets) the disclosure may indicate the accounting policy for each unit of accounting as well as how units of accounting are determined and valued. The disclosure may encompass important judgment as to appropriateness of principles related to recognition of revenue. The disclosure also may indicate the entity's treatment of any unearned or deferred revenue that arises from the transaction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies (Tables) |
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Summary of Property, Plant and Equipment by Classification | A summary of property, plant and equipment by classification as of December 31, 2017 and 2016 is provided in the following table:
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Average Depreciation Rates | We compute depreciation expense for our regulated operations by applying composite, annual rates, as approved by the respective regulatory bodies. The following table shows the average depreciation rates used for regulated operations during the years ended December 31, 2017, 2016 and 2015:
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Estimated Useful Lives of Assets | For our unregulated operations, we compute depreciation expense on a straight-line basis over the following estimated useful lives of the assets:
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- Definition Annual Depreciation Rates Table [Text Block] No definition available.
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- Definition Estimated Useful Life Of Assets Table [Text Block] No definition available.
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- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Earnings Per Share (Tables) |
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Calculations of Basic and Diluted Earnings Per Share | The following table presents the calculation of the Company’s basic and diluted earnings per share for the years ended December 31:
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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 Acquisition (Tables) |
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Mergers, Acquisitions and Dispositions Disclosures [Text Block] |
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Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block] | The purchase price allocation of the Gatherco acquisition is 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 Segment Information (Tables) |
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Segment Reporting [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Segment Reporting Information, by Segment [Table Text Block] | The following table presents 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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Supplemental Cash Flow Disclosures (Tables) |
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Cash Paid for Interest and Income Taxes | Cash paid for interest and income taxes during the years ended December 31, 2017, 2016 and 2015 were as follows:
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Non-Cash Investing and Financing Activities | Non-cash investing and financing activities during the years ended December 31, 2017, 2016, and 2015 were as follows:
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- Definition Tabular disclosure of supplemental cash flow information for the periods presented. No definition available.
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- Definition Tabular disclosure of acquisition of assets or a business through noncash (or part noncash) transactions. Noncash is defined as information about all investing and financing activities of an enterprise during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Disclosure may include the equity interest acquired, value of assets acquired, value of liabilities acquired, net monetary assets acquired, number of shares, warrants or options issued as consideration for a business or asset acquired and other information necessary to a fair presentation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Derivative Instruments (Tables) |
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Fair Value Hedge Ineffectiveness [Table Text Block] | The impact of our natural gas futures commodity contracts previously designated as fair value hedges and the related hedged item on our consolidated income statement for the year ended December 31, 2016, is presented below:
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Offsetting Assets and Liabilities [Table Text Block] | The following table summarizes the accounts receivable and payables on a gross and net basis at December 31, 2017 and 2016:
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Fair Values of Derivative Contracts Recorded in Consolidated Balance Sheets | Fair values of the derivative contracts recorded in the consolidated balance sheets as of December 31, 2017 and 2016, are as follows:
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Derivative Instruments and Hedging Activities Disclosure [Text Block] | The effects of gains and losses from derivative instruments are as follows:
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- Definition [Table Text Block] for Fair Value Hedge Ineffectiveness [Table] 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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- 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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- References No definition available.
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Fair Value of Financial Instruments (Tables) |
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Financial Assets and Liabilities Measured at Fair Value on Recurring Basis | The following tables summarize 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 December 31, 2017 and 2016, respectively:
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Schedule of Changes in Fair Value of Plan Assets | The following table sets forth the summary of the changes in the fair value of Level 3 investments for the years ended December 31, 2017 and 2016:
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- 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
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- 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
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Investments (Tables) |
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Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investments schedule [Table Text Block] |
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Goodwill and Other Intangible Assets (Tables) |
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Schedule of Carrying Value of Goodwill | The carrying value of goodwill as of December 31, 2017 and 2016 was as follows:
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Schedule of Carrying Value and Accumulated Amortization of Intangible Assets | The carrying value and accumulated amortization of intangible assets subject to amortization as of December 31, 2017 and 2016 are as follows:
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- Definition Tabular disclosure of assets, excluding financial assets and goodwill, lacking physical substance with a finite life, by either major class or business segment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes (Tables) |
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Income Tax Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Income Tax Expense | The following tables provide: (a) the components of income tax expense in 2017, 2016, and 2015; (b) the reconciliation between the statutory federal income tax rate and the effective income tax rate for 2017, 2016, and 2015; and (c) the components of accumulated deferred income tax assets and liabilities at December 31, 2017 and 2016.
(1)Includes $873,000, $2.1 million and $2.1 million of deferred state income taxes for the years 2017, 2016 and 2015, respectively. |
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Summary of Reconciliation of Statutory Federal Tax and Effective Income Tax Rates |
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Schedule of Accumulated Deferred Income Tax Assets and Liabilities |
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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt (Tables) |
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Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding Long-Term Debt | Our outstanding long-term debt is shown below:
Annual maturities and principal repayments of long-term debt, excluding the capital lease obligation, are as follows: $8.0 million for 2018; $10.6 million for 2019; $15.6 million for 2020; $13.6 million for 2021; $25.1 million for 2022 and $132.3 million thereafter. See Note 14, Lease Obligations, for future payments related to the capital lease obligation. |
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- 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.
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Short-Term Borrowing Short-Term Borrowing (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Short-term Debt |
(1) This facility bears interest at LIBOR for the applicable period plus up to 1.00 percent, based on Total Indebtedness as a percentage of Total Capitalization. (2) At our discretion, the borrowings under this facility can bear interest at the lender's base rate plus 0.80 percent. (3) At our discretion, the borrowing under this facility can bear interest at the lender's base rate plus 0.85 percent. (4) If presented, these book overdrafts would be funded through the bank revolving credit facilities. (5) This committed revolving credit facility includes a restriction that our short-term borrowings, excluding any borrowings under the committed revolving credit facility, shall not exceed $200.0 million. |
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- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Stockholders' Equity (Tables) |
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Equity [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Accumulated Other Comprehensive Income (Loss) | The following tables present the changes in the balance of accumulated other comprehensive loss for the years ended December 31, 2017 and 2016. All amounts in the following tables are presented net of tax.
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Reclassification out of Accumulated Other Comprehensive Income | The following table presents amounts reclassified out of accumulated other comprehensive income (loss) for the years ended December 31, 2017, 2016 and 2015. Deferred gains and losses of our commodity contracts cash flow hedges are recognized in earnings upon settlement.
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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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Schedule of Assets by Investment Type | The following schedule summarizes the assets of the Chesapeake Pension Plan and the FPU Pension Plan, by investment type, at December 31, 2017, 2016 and 2015:
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Schedule of Asset Allocation Strategy | The following allocation range of asset classes is intended to produce a rate of return sufficient to meet the plans’ goals and objectives:
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Summary of Pension Plan Assets | At December 31, 2017 and 2016, the assets of the Chesapeake Pension Plan and the FPU Pension Plan were comprised of the following investments:
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Schedule of Level Three Defined Benefit Plan Assets Roll Forward | The following table sets forth the summary of the changes in the fair value of Level 3 investments for the years ended December 31, 2017 and 2016:
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Schedule of Amounts Not Yet Reflected in Net Periodic Benefit Cost and Included in Accumulated Other Comprehensive Income Loss or Regulatory Assets | The following table presents the amounts not yet reflected in net periodic benefit cost and included in accumulated other comprehensive loss or as a regulatory asset as of December 31, 2017:
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Amounts in Accumulated Other Comprehensive Income/Loss and Regulatory Asset | The amounts in accumulated other comprehensive loss and recorded as a regulatory asset for our pension and postretirement benefits plans that are expected to be recognized as a component of net periodic benefit cost in 2018 are set forth in the following table:
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Schedule of Estimated Future Benefit Payments | The schedule below shows the estimated future benefit payments for each of the plans previously described:
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Pension benefit | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Component of Net Periodic Pension Cost (Benefit) |
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Schedule of Funded Status of Benefit Obligation and Plan Assets | The following schedule sets forth the funded status at December 31, 2017 and 2016 and the net periodic cost for the years ended December 31, 2017, 2016 and 2015 for the Chesapeake and FPU Pension Plans:
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Other Postretirement Benefit Plans | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Component of Net Periodic Pension Cost (Benefit) | Net periodic postretirement benefit costs for 2017, 2016, and 2015 include the following components:
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Schedule of Funded Status of Benefit Obligation and Plan Assets | The following table sets forth the funded status at December 31, 2017 and 2016 and the net periodic cost for the years ended December 31, 2017, 2016, and 2015:
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Rabbi trust (associated with Supplemental Executive Retirement Savings Plan) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Component of Net Periodic Pension Cost (Benefit) |
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Schedule of Funded Status of Benefit Obligation and Plan Assets | The following sets forth the funded status at December 31, 2017 and 2016 and the net periodic cost for the years ended December 31, 2017, 2016 and 2015 for the Chesapeake SERP:
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- Definition Asset Allocation Range Table [Text Block] No definition available.
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- Definition Schedule Of Asset Allocation By Asset Category Table [Text Block] No definition available.
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- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the net gain (loss) and net prior service cost or credit recognized in other comprehensive income (loss) for the period for pension plans and/or other employee benefit plans, and reclassification adjustments of other comprehensive income (loss) for the period, as those amounts, including amortization of the net transition asset or obligation, are recognized as components of net periodic benefit cost. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of the effect of fair value measurements using significant unobservable inputs (Level 3) on changes in plan assets of pension plans and/or other employee benefit plans for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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Share-Based Compensation Plans (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Share-Based Compensation Amounts Included in Net Income | The table below presents the amounts included in net income related to share-based compensation expense for the awards granted under the SICP for the years ended December 31, 2017, 2016 and 2015:
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SICP Awards to Non-employee directors | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Stock Activity Non-employee directors | A summary of stock activity for our non-employee directors for the years ended December 31, 2017 and 2016 is presented below:
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SICP Awards to Key Employees | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Summary of Stock Activity Non-employee directors | The table below presents the summary of the stock activity for awards to key employees:
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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 for share-based compensation plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Rates and Other Regulatory Activities Regulatory assets and liabilities (Tables) |
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Regulated Operations [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Regulatory Assets [Table Text Block] | At December 31, 2017 and 2016, our regulated utility operations had recorded the following regulatory assets and liabilities included in our consolidated balance sheets. These assets and liabilities will be recognized as revenues and expenses in future periods as they are reflected in customers’ rates.
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- References No definition available.
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- Definition Tabular disclosure of assets that are created when regulatory agencies permit public utilities to defer certain costs included in rate-setting to the balance sheet. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Environmental Commitments and Contingencies Environmental Remediation Status (Tables) |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2017 | |||||||||||||||||||||||||||||||||||||||||
Environmental Remediation Obligations [Abstract] | |||||||||||||||||||||||||||||||||||||||||
Schedule of Environmental Loss Contingencies by Site [Table Text Block] | The following is a summary of our remediation status and estimated costs to implement clean-up of our key MGP sites:
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- Definition Tabular disclosure of environmental loss contingencies by individual site. Does not include loss contingencies that are not environmental in nature. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Quarterly Financial Data (Tables) |
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Text Block [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Schedule of Quarterly Financial Information | Due to the seasonal nature of our business, there are substantial variations in operations reported on a quarterly basis.
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- Definition Tabular disclosure of quarterly financial data. Includes, but is not limited to, financial information for fiscal quarters, cumulative effect of a change in accounting principle and earnings per share data. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies - Summary of Property, Plant and Equipment by Classification (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
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Property, plant and equipment | ||
Total property, plant and equipment | $ 1,312,117 | $ 1,175,595 |
Less: Accumulated depreciation and amortization | (270,599) | (245,207) |
Plus: Construction work in progress | 84,509 | 56,276 |
Net property, plant and equipment | 1,126,027 | 986,664 |
OHIO | ||
Property, plant and equipment | ||
Total property, plant and equipment | 66,037 | 61,383 |
Natural gas distribution | Delmarva | ||
Property, plant and equipment | ||
Total property, plant and equipment | 234,654 | 220,083 |
Natural gas distribution | Florida | ||
Property, plant and equipment | ||
Total property, plant and equipment | 354,495 | 331,281 |
Natural gas transmission | Delmarva | ||
Property, plant and equipment | ||
Total property, plant and equipment | 357,264 | 285,746 |
Natural gas transmission | Florida | ||
Property, plant and equipment | ||
Total property, plant and equipment | 27,096 | 27,018 |
Electric distribution | Florida | ||
Property, plant and equipment | ||
Total property, plant and equipment | 100,227 | 93,553 |
Propane distribution | Delmarva | ||
Property, plant and equipment | ||
Total property, plant and equipment | 79,139 | 73,686 |
Propane distribution | Florida | ||
Property, plant and equipment | ||
Total property, plant and equipment | 29,038 | 26,359 |
CHP | Florida | ||
Property, plant and equipment | ||
Total property, plant and equipment | 35,239 | 35,237 |
Other unregulated energy | ||
Property, plant and equipment | ||
Total property, plant and equipment | 1,229 | 135 |
Other | ||
Property, plant and equipment | ||
Total property, plant and equipment | $ 27,699 | $ 21,114 |
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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 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 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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- 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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Summary of Significant Accounting Policies - Additional Information (Detail) |
12 Months Ended | ||||
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Dec. 31, 2017
USD ($)
mi
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Dec. 31, 2016
USD ($)
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Dec. 31, 2015
USD ($)
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May 31, 2016
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May 01, 2013
USD ($)
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Summary Of Accounting Policies [Line Items] | |||||
Number of Utilities that do not have cost recovery mechanism | 2 | ||||
Cumulative Effect of New Accounting Principle in Period of Adoption | $ 1,500,000 | ||||
Number of contracts affecting new revenue recognition principle adoption | 1 | ||||
Delay of Revenue Recognition Due To Implementation of New Standard | $ 407,000 | ||||
Maturity Period To Be Considered Cash Equivalents | 3 | ||||
Contributions or Advances in Aid of Construction | $ 2,100,000 | $ 1,000,000 | $ 1,700,000 | ||
Property, plant and equipment in service assets under operating lease contract | 1,400,000 | ||||
Annual revenue from operating lease | $ 264,000 | ||||
Operating lease term | 20 years | ||||
Accumulated depreciation, plant in service assets under operating lease | $ 652,000 | 580,000 | |||
Capital Leased Assets, Net | 2,000,000 | 3,400,000 | |||
Capital Leased Assets, Noncurrent, Fair Value Disclosure | $ 7,100,000 | ||||
Ground Leases, Accumulated Amortization | 5,100,000 | 3,700,000 | |||
Amortization of Leased Asset | 1,400,000 | 1,400,000 | 1,300,000 | ||
Net property, plant and equipment | 1,126,027,000 | 986,664,000 | |||
Accumulated depreciation | 270,599,000 | 245,207,000 | |||
Depreciation and accretion reported in operations expenses | $ 8,100,000 | 7,300,000 | 7,000,000 | ||
Deferred revenue refund payment, period | 1 year | ||||
Gain from a settlement | $ (130,000) | (130,000) | $ (1,500,000) | ||
Gain Contingency, Unrecorded Amount | $ 650,000 | ||||
Natural Gas Operations | |||||
Summary Of Accounting Policies [Line Items] | |||||
Net property, plant and equipment | $ 6,670,000 | ||||
Length of pipeline | mi | 16 | ||||
Ownership interest | 45.00% | ||||
Accumulated depreciation | $ 1,251,000 | $ 1,029,000 | |||
Pension And Other Postretirement Benefits [Member] | |||||
Summary Of Accounting Policies [Line Items] | |||||
Percentage of change in discount rate | 0.25% | ||||
Percentage of change in rate of return | 0.25% | ||||
Estimated increase in annual pension and postretirement costs | $ 7,000 | ||||
Estimated decrease in annual pension and postretirement costs | (9,000) | ||||
Estimated change in annual post retirement and supplemental executive retirement plans | $ 143,000 |
X | ||||||||||
- Definition Change In Discount Rate No definition available.
|
X | ||||||||||
- Definition Deferred Revenue Refund Payment Period No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan Net Periodic Benefit Cost Resulting From Decrease In Discount Rate No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan Net Periodic Benefit Cost Resulting From Increase In Discount Rate No definition available.
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X | ||||||||||
- Definition Delay of Revenue Recognition Due To Implementation of New Standard No definition available.
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X | ||||||||||
- Definition Estimated Increase In Expense Resulting From Hypothetical Change In Assumption Expected Return On Plan Assets No definition available.
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X | ||||||||||
- Definition Maturity Period To Be Considered Cash Equivalents No definition available.
|
X | ||||||||||
- Definition Miles Of Natural Gas Pipeline No definition available.
|
X | ||||||||||
- Definition Number of Utilities that do not have cost recovery mechanism No definition available.
|
X | ||||||||||
- Definition Number of contracts affecting new revenue recognition principle adoption No definition available.
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X | ||||||||||
- Definition Operating Lease Term No definition available.
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X | ||||||||||
- Definition Percentage Increase Decrease In Assumed Expected Return On Assets No definition available.
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X | ||||||||||
- Definition Summary Of Accounting Policies [Line Items] No definition available.
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X | ||||||||||
- 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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X | ||||||||||
- Definition The expense charged against earnings for the periodic recognition of capitalized leases. This element may apply to energy companies that lease mineral producing properties and to other enterprises that capitalize property, plant, or equipment obtained through capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of write-down of assets recognized in the income statement. Includes, but is not limited to, losses from tangible assets, intangible assets and goodwill. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value portion of the lessor's net investment in nonoperating or leveraged leases expected to be realized or consumed after one year or normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The total gross amount less the charge for the use of the long-lived depreciable assets subject to a lease meeting the criteria for capitalization. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Developers, builders, governmental agencies and municipalities will provide the entity with cash, or in some cases property, to extend its services to their properties. Nonrefundable contributions are recorded as contributions in aid of construction ("CIAC"). No definition available.
|
X | ||||||||||
- Definition Amount after tax of increase (decrease) to equity or (increase) decrease to net assets, resulting from the cumulative effect adjustment of a new accounting principle applied in the period of adoption. No definition available.
|
X | ||||||||||
- Definition The aggregate net amount of depreciation, amortization, and accretion recognized during an accounting period. As a noncash item, the net amount is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount or range of possible amounts of gain that could be realized upon the resolution of a contingency. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Accumulated amortization on long-term land leases capitalized as part of real property. No definition available.
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X | ||||||||||
- Definition The proportionate share of interest (percent) in a jointly owned utility plant. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The total amount of revenue recognized for the period from operating leases, including minimum lease revenue, contingent revenue, percentage revenue and sublease revenue. 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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X | ||||||||||
- Definition The amount of accumulated depreciation, by major property class, recorded on property subject to or available for lease as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before accumulated depreciation of physical assets used in the normal conduct of business to produce goods and services subject to or available for lease. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Summary of Significant Accounting Policies - Average Depreciation Rates (Detail) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Natural gas distribution | Delmarva | |||
Property, Plant and Equipment [Line Items] | |||
Average depreciation rates | 2.50% | 2.50% | 2.40% |
Natural gas distribution | Florida | |||
Property, Plant and Equipment [Line Items] | |||
Average depreciation rates | 2.90% | 2.90% | 2.90% |
Natural gas transmission | Delmarva | |||
Property, Plant and Equipment [Line Items] | |||
Average depreciation rates | 2.80% | 2.70% | 2.70% |
Natural gas transmission | Florida | |||
Property, Plant and Equipment [Line Items] | |||
Average depreciation rates | 3.50% | 3.90% | 4.00% |
Electric distribution | Florida | |||
Property, Plant and Equipment [Line Items] | |||
Average depreciation rates | 3.40% | 3.50% | 3.50% |
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 Composite depreciation rate for public utility plants in service. No definition available.
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Summary of Significant Accounting Policies - Estimated Useful Lives of Assets (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2017 | |
Minimum | Propane Distribution Mains [Member] | |
Useful Life of Assets | 10 years |
Minimum | Propane Bulk Plants And Tanks [Member] | |
Useful Life of Assets | 10 years |
Minimum | Liquefied Petroleum Gas Equipment [Member] | |
Useful Life of Assets | 5 years |
Minimum | Meters And Meter Installations [Member] | |
Useful Life of Assets | 5 years |
Minimum | Measuring And Regulating Station Equipment [Member] | |
Useful Life of Assets | 5 years |
Minimum | Natural gas processing equipment [Member] | |
Useful Life of Assets | 20 years |
Minimum | Office Furniture And Equipment [Member] | |
Useful Life of Assets | 3 years |
Minimum | Transportation Equipment [Member] | |
Useful Life of Assets | 4 years |
Minimum | Structures And Improvements [Member] | |
Useful Life of Assets | 5 years |
Maximum | Propane Distribution Mains [Member] | |
Useful Life of Assets | 37 years |
Maximum | Propane Bulk Plants And Tanks [Member] | |
Useful Life of Assets | 40 years |
Maximum | Liquefied Petroleum Gas Equipment [Member] | |
Useful Life of Assets | 33 years |
Maximum | Meters And Meter Installations [Member] | |
Useful Life of Assets | 33 years |
Maximum | Measuring And Regulating Station Equipment [Member] | |
Useful Life of Assets | 37 years |
Maximum | Natural gas pipelines [Member] | |
Useful Life of Assets | 45 years |
Maximum | Natural gas processing equipment [Member] | |
Useful Life of Assets | 25 years |
Maximum | Office Furniture And Equipment [Member] | |
Useful Life of Assets | 10 years |
Maximum | Transportation Equipment [Member] | |
Useful Life of Assets | 20 years |
Maximum | Structures And Improvements [Member] | |
Useful Life of Assets | 45 years |
X | ||||||||||
- Definition Useful life of long lived, physical assets used in the normal conduct of business and not intended for resale, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days. Examples include, but not limited to, land, buildings, machinery and equipment, office equipment, furniture and fixtures, and computer equipment. No definition available.
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Earnings Per Share - Calculations of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Calculation of Basic Earnings Per Share: | |||||||||||
Net Income | $ 26,101 | $ 6,833 | $ 6,046 | $ 19,144 | $ 11,863 | $ 4,416 | $ 8,029 | $ 20,367 | $ 58,124 | $ 44,675 | $ 41,140 |
Weighted shares outstanding - Basic (in shares) | 16,336,789 | 15,570,539 | 15,094,423 | ||||||||
Basic Earnings Per Share (in usd per share) | $ 1.60 | $ 0.42 | $ 0.37 | $ 1.17 | $ 0.73 | $ 0.29 | $ 0.52 | $ 1.33 | $ 3.56 | $ 2.87 | $ 2.73 |
Calculation of Diluted Earnings Per Share: | |||||||||||
Net Income | $ 26,101 | $ 6,833 | $ 6,046 | $ 19,144 | $ 11,863 | $ 4,416 | $ 8,029 | $ 20,367 | $ 58,124 | $ 44,675 | $ 41,140 |
Reconciliation of Denominator: | |||||||||||
Weighted shares outstanding - Basic (in shares) | 16,336,789 | 15,570,539 | 15,094,423 | ||||||||
Share-based Compensation | 46,563 | 42,552 | 48,950 | ||||||||
Adjusted denominator — Diluted | 16,383,352 | 15,613,091 | 15,143,373 | ||||||||
Diluted Earnings Per Share (in usd per share) | $ 1.59 | $ 0.42 | $ 0.37 | $ 1.17 | $ 0.73 | $ 0.29 | $ 0.52 | $ 1.33 | $ 3.55 | $ 2.86 | $ 2.72 |
X | ||||||||||
- Definition Reconciliation of denominator. 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
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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
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X | ||||||||||
- References No definition available.
|
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
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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 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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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) |
3 Months Ended | 12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Apr. 01, 2015
USD ($)
shares
|
Dec. 31, 2017
USD ($)
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2014
USD ($)
|
|
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | shares | 592,970 | ||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 0 | $ 0 | $ 0 | $ 0 | $ 30,164,000 | ||||||||
Cash paid for acquisition | 11,945,000 | 0 | 20,930,000 | ||||||||||
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | 514,000 | $ 786,000 | |||||||||||
Revenues | 180,403,000 | $ 126,936,000 | $ 125,084,000 | $ 185,160,000 | 141,874,000 | $ 108,348,000 | $ 102,342,000 | $ 146,296,000 | 617,583,000 | 498,860,000 | 459,244,000 | ||
Net Income | 26,101,000 | $ 6,833,000 | $ 6,046,000 | $ 19,144,000 | $ 11,863,000 | $ 4,416,000 | $ 8,029,000 | $ 20,367,000 | 58,124,000 | 44,675,000 | 41,140,000 | ||
ARM Energy [Member] | |||||||||||||
Business Combination, Liabilities Arising from Contingencies, Amount Recognized | $ 2,500,000.0 | $ 2,500,000.0 | |||||||||||
Chipola [Member] | |||||||||||||
Number of customers acquired through acquisition | 800 | ||||||||||||
Central Gas [Member] | |||||||||||||
Number of customers acquired through acquisition | 325 | ||||||||||||
Gatherco [Member] | |||||||||||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 30,200,000 | 30,164,000 | |||||||||||
Cash paid for acquisition | 27,500,000 | 27,494,000 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | 1,696,000 | 1,696,000 | |||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $ 6,800,000 | 6,806,000 | |||||||||||
Business Combination Contingent Cash Consideration Payable | 15,000,000 | ||||||||||||
Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | 1,300,000 | ||||||||||||
Revenues | $ 33,300,000 | 26,600,000 | 16,700,000 | ||||||||||
Net Income | $ 8,913,000 | $ 2,100,000 | $ 312,000 |
X | ||||||||||
- Definition Business Combination Contingent Cash Consideration Payable No definition available.
|
X | ||||||||||
- Definition Number of customers acquired through acquisition 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
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X | ||||||||||
- Definition Number of shares of equity interests issued or issuable to acquire entity. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount, measured at acquisition-date fair value, of all liabilities assumed that arise from contingencies and were recognized by the entity. 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
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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
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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
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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
|
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
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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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Acquisitions Purchase Consideration (Details) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Aug. 31, 2017 |
Apr. 01, 2015 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Business Acquisition [Line Items] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares | 592,970 | ||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 0 | $ 0 | $ 30,164 | ||
Payments to Acquire Businesses, Gross | $ 11,945 | $ 0 | 20,930 | ||
Gatherco [Member] | |||||
Business Acquisition [Line Items] | |||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 30,200 | 30,164 | |||
Payments to Acquire Businesses, Gross | 27,500 | 27,494 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | 1,696 | 1,696 | |||
Business Combination, Consideration Transferred | 57,658 | ||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | $ (6,800) | $ (6,806) | |||
Unregulated Energy | |||||
Business Acquisition [Line Items] | |||||
Goodwill, Acquired During Period | $ 1,900 | ||||
Unregulated Energy | ARM [Member] | |||||
Business Acquisition [Line Items] | |||||
Goodwill, Acquired During Period | $ 6,800 |
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 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 Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. 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
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Acquisitions Purchase Price Allocation (Details) - USD ($) $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Apr. 01, 2015 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Business Acquisition [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 0 | $ 0 | $ 30,164 | |
Goodwill | 22,104 | 15,070 | ||
Payments to Acquire Businesses, Gross | $ 11,945 | $ 0 | 20,930 | |
Gatherco [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 30,200 | 30,164 | ||
Business Combination, Consideration Transferred | 57,658 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment | 53,203 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents | (6,800) | (6,806) | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Receivables | 3,629 | |||
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Income Taxes Receivable | 3,163 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets, Prepaid Expense and Other Assets | 425 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets | 67,226 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Long-term Debt | 1,696 | 1,696 | ||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent | 13,409 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Accounts Payable | 3,837 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities, Other | 745 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities | 19,687 | |||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net | 47,539 | |||
Goodwill | 10,119 | |||
Payments to Acquire Businesses, Gross | $ 27,500 | 27,494 | ||
Net [Member] | Gatherco [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Consideration Transferred | 52,548 | |||
Gross [Member] | Gatherco [Member] | ||||
Business Acquisition [Line Items] | ||||
Business Combination, Consideration Transferred | $ 59,354 |
X | ||||||||||
- Definition Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Income Taxes Receivable 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 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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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
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X | ||||||||||
- Definition Amount of assets acquired at the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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
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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
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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
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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
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X | ||||||||||
- Definition The amount of property, plant, and equipment recognized as of the acquisition date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 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
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X | ||||||||||
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X | ||||||||||
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Segment Information - Schedule of Segment Reporting Information by Segment (Detail) - USD ($) $ in Thousands |
3 Months Ended | 12 Months Ended | ||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | $ 180,403 | $ 126,936 | $ 125,084 | $ 185,160 | $ 141,874 | $ 108,348 | $ 102,342 | $ 146,296 | $ 617,583 | $ 498,860 | $ 459,244 | |||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | 180,403 | 126,936 | 125,084 | 185,160 | 141,874 | 108,348 | 102,342 | 146,296 | 617,583 | 498,860 | 459,244 | |||
Operating Income | ||||||||||||||
Operating Income | 23,263 | 14,239 | 13,666 | 34,676 | 21,819 | 10,156 | 15,742 | 36,380 | 85,843 | 84,096 | 77,758 | |||
Other income | (765) | (441) | 293 | |||||||||||
Interest charges | 12,645 | 10,639 | 10,006 | |||||||||||
Income Before Income taxes | 72,433 | 73,016 | 68,045 | |||||||||||
Income taxes | 14,309 | 28,341 | 26,905 | |||||||||||
Net Income | 26,101 | $ 6,833 | $ 6,046 | $ 19,144 | 11,863 | $ 4,416 | $ 8,029 | $ 20,367 | 58,124 | 44,675 | 41,140 | |||
Depreciation and Amortization | ||||||||||||||
Total depreciation and amortization | 36,599 | 32,159 | 29,972 | |||||||||||
Capital Expenditures | ||||||||||||||
Total capital expenditures | 191,103 | 169,376 | 195,261 | |||||||||||
Identifiable Assets | ||||||||||||||
Total identifiable assets | 1,417,434 | 1,229,219 | 1,417,434 | 1,229,219 | ||||||||||
Regulated Energy | ||||||||||||||
Operating Income | ||||||||||||||
Operating Income | 73,160 | 69,851 | 60,985 | |||||||||||
Depreciation and Amortization | ||||||||||||||
Total depreciation and amortization | 28,554 | 25,677 | 24,195 | |||||||||||
Capital Expenditures | ||||||||||||||
Total capital expenditures | 159,011 | 139,994 | 98,372 | |||||||||||
Identifiable Assets | ||||||||||||||
Total identifiable assets | 1,121,673 | 986,752 | 1,121,673 | 986,752 | ||||||||||
Unregulated Energy | ||||||||||||||
Operating Income | ||||||||||||||
Operating Income | 12,477 | 13,844 | 16,355 | |||||||||||
Depreciation and Amortization | ||||||||||||||
Total depreciation and amortization | 7,954 | 6,386 | 5,679 | |||||||||||
Capital Expenditures | ||||||||||||||
Total capital expenditures | 26,190 | 23,984 | 90,895 | |||||||||||
Identifiable Assets | ||||||||||||||
Total identifiable assets | 261,541 | 226,368 | 261,541 | 226,368 | ||||||||||
Other | ||||||||||||||
Operating Income | ||||||||||||||
Operating Income | 206 | 401 | 418 | |||||||||||
Capital Expenditures | ||||||||||||||
Total capital expenditures | 5,902 | 5,398 | 5,994 | |||||||||||
Identifiable Assets | ||||||||||||||
Total identifiable assets | $ 34,220 | $ 16,099 | 34,220 | 16,099 | ||||||||||
Other and eliminations | ||||||||||||||
Depreciation and Amortization | ||||||||||||||
Total depreciation and amortization | 91 | 96 | 98 | |||||||||||
Operating Segments | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | 617,583 | 498,860 | 459,244 | |||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | 617,583 | 498,860 | 459,244 | |||||||||||
Operating Segments | Regulated Energy | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | 316,971 | 302,402 | 300,674 | |||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | 316,971 | 302,402 | 300,674 | |||||||||||
Operating Segments | Unregulated Energy | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | 300,612 | 196,458 | 158,570 | |||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | 300,612 | 196,458 | 158,570 | |||||||||||
Intersegment Eliminations | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | [1] | 34,096 | 11,488 | 5,645 | ||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | [1] | 34,096 | 11,488 | 5,645 | ||||||||||
Intersegment Eliminations | Regulated Energy | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | [1] | 9,339 | 3,287 | 1,228 | ||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | [1] | 9,339 | 3,287 | 1,228 | ||||||||||
Intersegment Eliminations | Unregulated Energy | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | [1] | 23,983 | 7,321 | 3,537 | ||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | [1] | 23,983 | 7,321 | 3,537 | ||||||||||
Intersegment Eliminations | Other | ||||||||||||||
Operating Revenues, Unaffiliated Customers | ||||||||||||||
Total intersegment revenues | [1] | 774 | 880 | 880 | ||||||||||
Intersegment Revenues (1) | ||||||||||||||
Total intersegment revenues | [1] | $ 774 | $ 880 | $ 880 | ||||||||||
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X | ||||||||||
- Definition Capital Expenditure No definition available.
|
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- Definition Capital Expenditure [Abstract] No definition available.
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- Definition Intersegment revenues. No definition available.
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- Definition Operating income. No definition available.
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X | ||||||||||
- Definition Total operating revenues unaffiliated customers. No definition available.
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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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- References No definition available.
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X | ||||||||||
- References No definition available.
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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
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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 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 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 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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Supplemental Cash Flow Disclosures - Cash Paid for Interest and Income Taxes (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Disclosure Supplemental Cash Flow Disclosures Cash Paid For Interest And Income Taxes [Abstract] | |||
Cash paid for interest | $ 12,420 | $ 10,320 | $ 9,500 |
Cash paid for income taxes | $ (4,114) | $ (5,308) | $ 11,076 |
X | ||||||||||
- Definition Disclosure - Supplemental Cash Flow Disclosures - Cash Paid for Interest and Income Taxes [Abstract] No definition available.
|
X | ||||||||||
- Definition The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income, net of any cash received during the current period as refunds for the overpayment of taxes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Amount of cash paid for interest. Includes, but is not limited to, payment to settle zero-coupon bond attributable to accreted interest of debt discount and debt instrument with insignificant coupon interest rate in relation to effective interest rate of borrowing attributable to accreted interest of debt discount. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Supplemental Cash Flow Disclosures - Non-Cash Investing and Financing Activities (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Disclosure Supplemental Cash Flow Disclosures Noncash Investing And Financing Activities [Abstract] | |||
Capital property and equipment acquired on account, but not paid as of December 31 | $ 15,457 | $ 9,791 | $ 10,268 |
Retirement Savings Plan | 0 | 777 | 690 |
Performance Incentive Plan | 1,127 | 1,027 | 1,594 |
Capital Lease Obligation | 2,070 | 3,471 | 4,824 |
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned | $ 0 | $ 0 | $ 30,164 |
X | ||||||||||
- Definition Disclosure Supplemental Cash Flow Disclosures Noncash Investing And Financing Activities [Abstract] No definition available.
|
X | ||||||||||
- Definition Non Cash Performance Incentive Plan Expenses No definition available.
|
X | ||||||||||
- Definition Non Cash Retirement Savings Plan Expenses 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
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X | ||||||||||
- Definition Future cash outflow to pay for purchases of fixed assets that have occurred. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The increase during the period in capital lease obligations due to entering into new capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Derivative Instruments - Additional Information (Detail) gal in Thousands, Mcf in Thousands, $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017
USD ($)
$ / gal
gal
Mcf
|
Dec. 31, 2016
USD ($)
$ / gal
gal
|
Dec. 31, 2015
USD ($)
$ / gal
gal
|
|
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | Mcf | 2,900 | ||
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net | $ 520 | ||
Energy Marketing Contract Liabilities, Current | 6,247 | $ 773 | |
Accounts Payable Subject To Master Netting Arrangement | 2,391 | 1,431 | |
Derivative assets, at fair value | 1,286 | 823 | |
Unrealized Gain (Loss) on Derivatives | (3,195) | (45) | $ 474 |
Put Option | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | gal | 2,500 | ||
Payment to purchase call options | $ 143 | ||
Cash Received On Derivative Settlement | $ 239 | ||
Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | gal | 2,500 | ||
Cash Paid On Derivative Settlement | $ 484 | ||
Hedging Liability [Member] | Natural Gas Swaps [Member] | |||
Derivative [Line Items] | |||
Energy Marketing Contract Liabilities, Current | (469) | ||
Not Designated as Hedging Instrument [Member] | Mark To Market Energy Assets | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative assets, at fair value | 13 | 8 | |
Not Designated as Hedging Instrument [Member] | Mark-to-market energy liabilities | Natural Gas Futures [Member] | |||
Derivative [Line Items] | |||
Energy Marketing Contract Liabilities, Current | 5,776 | 773 | |
Derivatives designated as fair value hedges | Mark To Market Energy Assets | Natural Gas Futures [Member] | |||
Derivative [Line Items] | |||
Derivative assets, at fair value | 92 | 113 | |
Derivatives designated as fair value hedges | Mark To Market Energy Assets | Put Option | |||
Derivative [Line Items] | |||
Derivative assets, at fair value | 0 | 9 | |
Derivatives designated as fair value hedges | Mark To Market Energy Assets | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative assets, at fair value | 1,181 | 693 | |
Derivatives designated as fair value hedges | Mark-to-market energy liabilities | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Energy Marketing Contract Liabilities, Current | $ 469 | $ 0 | |
Put Option Strike Price 1 [Member] | Put Option | |||
Derivative [Line Items] | |||
Strike price of put option | $ / gal | 0.4950 | ||
Put Option Strike Price 2 [Member] | Put Option | |||
Derivative [Line Items] | |||
Strike price of put option | $ / gal | 0.4888 | ||
Put Option Strike Price 3 [Member] | Put Option | |||
Derivative [Line Items] | |||
Strike price of put option | $ / gal | 0.4500 | ||
Put Option Strike Price 4 [Member] | Put Option | |||
Derivative [Line Items] | |||
Strike price of put option | $ / gal | 0.4200 | ||
Strike Price 1 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.5200 | ||
Strike Price 2 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.5950 | ||
Sharp Energy Inc [Member] | Put Option | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | gal | 630 | ||
Strike price of put option | $ / gal | 0.5650 | ||
Payment to purchase call options | $ 33 | ||
PESCO [Member] | Natural Gas Futures [Member] | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | Mcf | 17,200 | ||
2017 [Member] | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | gal | 4,900 | ||
2017 [Member] | Natural Gas Swaps [Member] | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | Mcf | 591 | ||
2017 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | gal | 7,700 | ||
Derivative, Cash Received on Hedge | $ 440 | ||
Volume settled on hedges | gal | 1,470 | ||
2017 [Member] | Derivatives designated as fair value hedges | Mark-to-market energy liabilities | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Energy Marketing Contract Liabilities, Current | $ 2 | $ 0 | |
2017 [Member] | Strike Price 1 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.59 | ||
2016 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative, Nonmonetary Notional Amount, Volume | gal | 0 | ||
Derivative, Cash Received on Hedge | $ (663) | ||
2016 [Member] | Strike Price 1 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.5225 | ||
2016 [Member] | Strike Price 2 [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Strike Price Per Gallon For The Propane Swap Agreements | $ / gal | 0.5650 | ||
Other Comprehensive Income (Loss) | Derivatives designated as fair value hedges | Natural Gas Futures [Member] | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | (1,476) | $ 222 | $ 109 |
Other Comprehensive Income (Loss) | Derivatives designated as fair value hedges | Natural Gas Swaps [Member] | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | 986 | 0 | 0 |
Other Comprehensive Income (Loss) | Derivatives designated as fair value hedges | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | 487 | 1,016 | (323) |
Cost of Sales [Member] | Not Designated as Hedging Instrument [Member] | Future [Member] | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | (3,633) | (541) | 0 |
Cost of Sales [Member] | Not Designated as Hedging Instrument [Member] | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | 8 | 7 | 18 |
Cost of Sales [Member] | Derivatives designated as fair value hedges | Natural Gas Swaps [Member] | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | 0 | 0 | |
Cost of Sales [Member] | Derivatives designated as fair value hedges | Future [Member] | |||
Derivative [Line Items] | |||
Unrealized Gain (Loss) on Derivatives | 345 | 0 | |
Cost of Sales [Member] | Derivatives designated as fair value hedges | Call options | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | 0 | 0 | (81) |
Cost of Sales [Member] | Derivatives designated as fair value hedges | Propane Swap Agreement | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | 1,607 | (364) | (120) |
Inventories [Member] | Not Designated as Hedging Instrument [Member] | Natural Gas Swaps [Member] | |||
Derivative [Line Items] | |||
Derivative, Gain (Loss) on Derivative, Net | $ 1 | $ 0 | $ 0 |
X | ||||||||||
- Definition Accounts Payable Subject To Master Netting Arrangement No definition available.
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- Definition Cash Paid On Derivative Settlement 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 Volume settled on hedges No definition available.
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- Definition The amount of cash received during the period on settlement of a hedge. No definition available.
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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 The effective portion of net gain (loss) reclassified from accumulated other comprehensive income into income on derivative instruments designated and qualifying as hedging instruments. 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 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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- 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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- 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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Derivative Instruments Fair Value Hedges (Details) $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2016
USD ($)
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[1] | |||
Fair Value Hedges [Abstract] | ||||
Commodity contracts | $ (233) | |||
Fair value adjustment for natural gas inventory designated as the hedged item | 681 | |||
Total increase in purchased gas cost | 448 | |||
Basis ineffectiveness | (83) | |||
Timing ineffectiveness | 531 | |||
Total ineffectiveness | $ 448 | |||
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- Definition Fair Value Hedges [Abstract] No definition available.
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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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- 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 Consolidated Balance Sheets (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contracts Assets, Current | $ 1,286 | $ 823 |
Energy Marketing Contract Liabilities, Current | 6,247 | 773 |
Not Designated as Hedging Instrument [Member] | Mark-to-market energy liabilities | Natural Gas Futures [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contract Liabilities, Current | 5,776 | 773 |
Not Designated as Hedging Instrument [Member] | Mark To Market Energy Assets | Propane Swap Agreement | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contracts Assets, Current | 13 | 8 |
Designated as Hedging Instrument [Member] | Mark-to-market energy liabilities | Propane Swap Agreement | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contract Liabilities, Current | 469 | 0 |
Designated as Hedging Instrument [Member] | Mark To Market Energy Assets | Propane Swap Agreement | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contracts Assets, Current | 1,181 | 693 |
Designated as Hedging Instrument [Member] | Mark To Market Energy Assets | Put Option | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contracts Assets, Current | 0 | 9 |
Designated as Hedging Instrument [Member] | Mark To Market Energy Assets | Natural Gas Futures [Member] | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contracts Assets, Current | 92 | 113 |
2017 [Member] | Designated as Hedging Instrument [Member] | Mark-to-market energy liabilities | Propane Swap Agreement | ||
Derivatives, Fair Value [Line Items] | ||
Energy Marketing Contract Liabilities, Current | $ 2 | $ 0 |
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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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- 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 (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Energy Marketing Contract Liabilities, Current | $ 6,247 | $ 773 | ||||||
Gain (Loss) on derivatives | (3,195) | (45) | $ 474 | |||||
Revenue | Derivatives not designated as hedging instruments | Forward Contracts | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Derivative, Gain (Loss) on Derivative, Net | [1] | 112 | (546) | 426 | ||||
Gain (Loss) on derivatives | [1] | 0 | 0 | (126) | ||||
Cost of Sales | Derivatives not designated as hedging instruments | Propane Swap Agreement | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Derivative, Gain (Loss) on Derivative, Net | 8 | 7 | 18 | |||||
Cost of Sales | Derivatives not designated as hedging instruments | Future [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Gain (Loss) on derivatives | (3,633) | (541) | 0 | |||||
Cost of Sales | Derivatives designated as fair value hedges | Put Or Call Option [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Derivative, Gain (Loss) on Derivative, Net | (9) | 49 | 528 | |||||
Cost of Sales | Derivatives designated as fair value hedges | Call options | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Derivative, Gain (Loss) on Derivative, Net | 0 | 0 | (81) | |||||
Cost of Sales | Derivatives designated as fair value hedges | Propane Swap Agreement | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Derivative, Gain (Loss) on Derivative, Net | 1,607 | (364) | (120) | |||||
Cost of Sales | Derivatives designated as fair value hedges | Future [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Gain (Loss) on derivatives | 345 | 0 | ||||||
Propane Inventory | Derivatives designated as fair value hedges | Put Or Call Option [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Gain (Loss) on derivatives | [2] | 0 | 0 | 43 | ||||
Propane Inventory | Derivatives designated as fair value hedges | Future [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Gain (Loss) on derivatives | 0 | (233) | 0 | |||||
Other Comprehensive Income (Loss) | Derivatives designated as fair value hedges | Natural Gas Futures [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Gain (Loss) on derivatives | (1,476) | 222 | 109 | |||||
Other Comprehensive Income (Loss) | Derivatives designated as fair value hedges | Propane Swap Agreement | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Gain (Loss) on derivatives | 487 | 1,016 | $ (323) | |||||
Mark To Market Energy Liabilities [Member] | Derivatives not designated as hedging instruments | Natural Gas Futures [Member] | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Energy Marketing Contract Liabilities, Current | 5,776 | 773 | ||||||
Mark To Market Energy Liabilities [Member] | Derivatives designated as fair value hedges | Propane Swap Agreement | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Energy Marketing Contract Liabilities, Current | 469 | 0 | ||||||
2017 [Member] | Mark To Market Energy Liabilities [Member] | Derivatives designated as fair value hedges | Propane Swap Agreement | ||||||||
Derivative Instruments, Gain (Loss) [Line Items] | ||||||||
Energy Marketing Contract Liabilities, Current | $ 2 | $ 0 | ||||||
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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 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 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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Derivative Instruments Accounts Receivable and Payable on a Gross and Net Basis (Details) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Offsetting Liabilities [Line Items] | ||
Accounts Receivable Subject to Master Netting Arrangement | $ 2,391 | $ 1,431 |
Accounts Payable Subject To Master Netting Arrangement | 2,391 | 1,431 |
Net [Member] | ||
Offsetting Liabilities [Line Items] | ||
Accounts Receivable Subject to Master Netting Arrangement | 5,892 | 1,333 |
Accounts Payable Subject To Master Netting Arrangement | 14,252 | 3,904 |
Gross [Member] | ||
Offsetting Liabilities [Line Items] | ||
Accounts Receivable Subject to Master Netting Arrangement | 8,283 | 2,764 |
Accounts Payable Subject To Master Netting Arrangement | $ 16,643 | $ 5,335 |
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- Definition Accounts Payable Subject To Master Netting Arrangement No definition available.
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- Definition Accounts Receivable Subject to Master Netting Arrangement 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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Fair Value of Financial Instruments - Additional Information (Detail) - USD ($) $ in Millions |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Disclosure Fair Value Of Financial Instruments Additional Information [Abstract] | ||
Long-term debt including current maturities | $ 205.2 | $ 145.9 |
Fair value of long-term debt | $ 215.4 | $ 161.5 |
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- Definition Disclosure Fair Value Of Financial Instruments Additional Information [Abstract] No definition available.
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- 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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- 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.
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Fair Value of Financial Instruments - Financial Assets and Liabilities Measured at Fair Value on Recurring Basis (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Assets: | ||
Investments | $ 6,756 | $ 4,902 |
Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Assets, Fair Value Disclosure | 6,108 | 4,341 |
Fair Value, Inputs, Level 1 [Member] | Mark-to-market energy liabilities | ||
Liabilities: | ||
Mark-to-market energy liabilities | 0 | 0 |
Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Assets, Fair Value Disclosure | 1,286 | 823 |
Significant Other Observable Inputs (Level 2) | Mark-to-market energy liabilities | ||
Liabilities: | ||
Mark-to-market energy liabilities | 6,247 | 773 |
Significant Unobservable Inputs (Level 3) | ||
Assets: | ||
Assets, Fair Value Disclosure | 648 | 561 |
Significant Unobservable Inputs (Level 3) | Mark-to-market energy liabilities | ||
Liabilities: | ||
Mark-to-market energy liabilities | 0 | 0 |
Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Investments | 22 | 21 |
Equity Securities [Member] | Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Investments | 0 | 0 |
Equity Securities [Member] | Significant Unobservable Inputs (Level 3) | ||
Assets: | ||
Investments | 0 | 0 |
Guaranteed Income Fund [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Investments | 0 | 0 |
Guaranteed Income Fund [Member] | Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Investments | 0 | 0 |
Guaranteed Income Fund [Member] | Significant Unobservable Inputs (Level 3) | ||
Assets: | ||
Investments | 648 | 561 |
Investments - other | Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Investments | 6,086 | 4,320 |
Investments - other | Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Investments | 0 | 0 |
Investments - other | Significant Unobservable Inputs (Level 3) | ||
Assets: | ||
Investments | 0 | 0 |
Investments [Member] | Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Investments | 6,108 | 4,341 |
Investments [Member] | Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Investments | 0 | 0 |
Investments [Member] | Significant Unobservable Inputs (Level 3) | ||
Assets: | ||
Investments | 648 | 561 |
Mark-to-market energy assets, including put option | Fair Value, Inputs, Level 1 [Member] | ||
Assets: | ||
Mark-to-market energy assets, including put option | 0 | 0 |
Mark-to-market energy assets, including put option | Significant Other Observable Inputs (Level 2) | ||
Assets: | ||
Mark-to-market energy assets, including put option | 1,286 | 823 |
Mark-to-market energy assets, including put option | Significant Unobservable Inputs (Level 3) | ||
Assets: | ||
Mark-to-market energy assets, including put option | 0 | 0 |
Fair Value | ||
Assets: | ||
Assets, Fair Value Disclosure | 8,042 | 5,725 |
Fair Value | Mark-to-market energy liabilities | ||
Liabilities: | ||
Mark-to-market energy liabilities | 6,247 | 773 |
Fair Value | Equity Securities [Member] | ||
Assets: | ||
Investments | 22 | 21 |
Fair Value | Guaranteed Income Fund [Member] | ||
Assets: | ||
Investments | 648 | 561 |
Fair Value | Investments - other | ||
Assets: | ||
Investments | 6,086 | 4,320 |
Fair Value | Investments [Member] | ||
Assets: | ||
Investments | 6,756 | 4,902 |
Fair Value | Mark-to-market energy assets, including put option | ||
Assets: | ||
Mark-to-market energy assets, including put option | $ 1,286 | $ 823 |
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- Definition Fair value portion of 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 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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- References No definition available.
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Fair Value of Financial Instruments Fair Value of Financial Instruments - Summary of Changes in Fair Value of Instruments (Details) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation, Calculation [Roll Forward] | ||
Beginning Balance | $ 561 | $ 279 |
Purchases and adjustments | 79 | 123 |
Transfers/disbursements | 53 | (151) |
Investment income | 61 | 8 |
Ending Balance | $ 648 | $ 561 |
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- 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 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
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Investments - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Investments [Abstract] | |||
Unrealized gain, net of other expenses | $ 1,000 | $ 379 | $ 7 |
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- References No definition available.
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- 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
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Investments - Schedule of Investment (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Investment [Line Items] | ||
Investments, at fair value | $ 6,756 | $ 4,902 |
Rabbi Trust Associated With Deferred Compensation Plan [Member] | ||
Investment [Line Items] | ||
Investments, at fair value | 6,734 | 4,881 |
Fair Value, Inputs, Level 1 [Member] | Investments in equity securities | ||
Investment [Line Items] | ||
Investments, at fair value | $ 22 | $ 21 |
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- References No definition available.
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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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Goodwill and Other Intangible Assets - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Aug. 31, 2017 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
Dec. 02, 2013 |
Aug. 30, 2010 |
Oct. 31, 2009 |
|
Goodwill [Line Items] | |||||||
Goodwill | $ 22,104 | $ 15,070 | |||||
Amortization of intangible assets | 537 | 380 | $ 367 | ||||
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months | 790 | ||||||
Amortization of intangible assets, 2021 | 725 | ||||||
Amortization of intangible assets, 2022 | 471 | ||||||
Regulated Energy | |||||||
Goodwill [Line Items] | |||||||
Goodwill | 3,353 | 3,353 | |||||
Unregulated Energy | |||||||
Goodwill [Line Items] | |||||||
Goodwill | 18,751 | $ 11,717 | |||||
Goodwill, Acquired During Period | $ 1,900 | ||||||
FPU | Regulated Energy | |||||||
Goodwill [Line Items] | |||||||
Goodwill | $ 2,500 | ||||||
Indiantown Gas Company | Regulated Energy | |||||||
Goodwill [Line Items] | |||||||
Goodwill | $ 170 | ||||||
Fort Meade | |||||||
Goodwill [Line Items] | |||||||
Goodwill | $ 714 | ||||||
Gatherco | |||||||
Goodwill [Line Items] | |||||||
Goodwill | $ 10,119 | ||||||
Gatherco | Unregulated Energy | |||||||
Goodwill [Line Items] | |||||||
Goodwill | $ 10,100 | ||||||
ARM [Member] | Unregulated Energy | |||||||
Goodwill [Line Items] | |||||||
Goodwill, Acquired During Period | $ 6,800 | ||||||
Anderson Gas | |||||||
Goodwill [Line Items] | |||||||
Amortized period of acquired intangible assets | 6 years | ||||||
Virginia LP Gas, Inc. | |||||||
Goodwill [Line Items] | |||||||
Amortized period of acquired intangible assets | 7 years | ||||||
Virginia LP Gas, Inc. | Maximum | |||||||
Goodwill [Line Items] | |||||||
Amortized period of acquired intangible assets | 40 years | ||||||
Customer list | Minimum | |||||||
Goodwill [Line Items] | |||||||
Amortized period of acquired intangible assets | 7 years | ||||||
Customer list | Maximum | |||||||
Goodwill [Line Items] | |||||||
Amortized period of acquired intangible assets | 12 years |
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- Definition Intangible Assets Amortization Period No definition available.
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of amortization expense for assets, excluding financial assets and goodwill, lacking physical substance with a finite life expected to be recognized during the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. 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 Amount of increase in asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized resulting from a business combination. 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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Goodwill and Other Intangible Assets - Schedule of Carrying Value of Goodwill (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Goodwill [Line Items] | ||
Goodwill | $ 22,104 | $ 15,070 |
Regulated Energy | ||
Goodwill [Line Items] | ||
Goodwill | 3,353 | 3,353 |
Unregulated Energy | ||
Goodwill [Line Items] | ||
Goodwill | $ 18,751 | $ 11,717 |
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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 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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Goodwill and Other Intangible Assets - Schedule of Carrying Value and Accumulated Amortization of Intangible Assets (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | $ 7,933 | $ 4,552 |
Accumulated Amortization | 3,247 | 2,709 |
Customer list | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 7,393 | 4,012 |
Accumulated Amortization | 2,880 | 2,379 |
Non-Compete Agreements | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 270 | 270 |
Accumulated Amortization | 175 | 146 |
Other | ||
Finite-Lived Intangible Assets [Line Items] | ||
Gross Carrying Amount | 270 | 270 |
Accumulated Amortization | $ 192 | $ 184 |
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- Definition Accumulated amount of amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount before amortization of assets, excluding financial assets and goodwill, lacking physical substance with a finite life. 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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Income Taxes - Additional Information (Detail) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Operating Loss Carryforwards [Line Items] | |||
Percentage of Net Operating Losses Limited upon Tax Reform Enactment | 80.00% | ||
Deferred tax asset related to state net operating loss carry-forwards | $ 1,586,000 | $ 893,000 | |
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 35.00% | |
Federal | |||
Operating Loss Carryforwards [Line Items] | |||
Federal net operating losses for income tax | $ 14,000,000 | ||
State | |||
Operating Loss Carryforwards [Line Items] | |||
Federal net operating losses for income tax | $ 34,200,000 | $ 19,600,000 | |
Federal tax reform [Member] | |||
Operating Loss Carryforwards [Line Items] | |||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
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- Definition Net Operating Losses And Tax Carryforwards No definition available.
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- Definition Percentage of Net Operating Losses Limited upon Tax Reform Enactment No definition available.
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X | ||||||||||
- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). 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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Income Taxes - Schedule of Income Tax Expense (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||
Current Income Tax Expense | |||||
Federal | $ 2,803 | $ (4,898) | $ 4,875 | ||
State | 492 | 2,053 | 1,533 | ||
Other | (71) | (71) | (23) | ||
Total current income tax expense | 3,224 | (2,916) | 6,385 | ||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | [1] | 11,085 | 31,257 | 20,520 | |
Total Income Tax Expense | 14,309 | 28,341 | 26,905 | ||
Property, plant and equipment | |||||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | 8,314 | 31,062 | 21,205 | ||
Deferred gas costs | |||||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | 2,002 | 1,163 | (1,539) | ||
Pensions and other employee benefits | |||||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | 180 | 237 | (84) | ||
FPU merger related premium cost and deferred gain | |||||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | (1,148) | (572) | (556) | ||
Net operating loss carryforwards | |||||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | 193 | (9) | 2,078 | ||
Other | |||||
Deferred Income Tax Expense (1) | |||||
Total deferred income tax expense | $ 1,544 | $ (624) | $ (584) | ||
|
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- Definition Amount of current federal tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition Amount of current state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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- Definition A credit or adjustment for government or taxing authority authorized decrease in taxes owed as a result of meeting certain tax policy conditions. 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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Income Taxes - Summary of Reconciliation of Statutory Federal Tax and Effective Income Tax Rates (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
Reconciliation of Effective Income Tax Rates Continuing Operations | ||||||||
Federal income tax expense (1) | [1] | $ 25,351 | $ 22,759 | $ 23,865 | ||||
State income taxes, net of federal benefit | 1,894 | 3,422 | 3,062 | |||||
ESOP dividend deduction | (257) | (264) | (263) | |||||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | (14,299) | 0 | 0 | |||||
Other | 1,620 | 2,424 | 241 | |||||
Total Income Tax Expense | $ 14,309 | $ 28,341 | $ 26,905 | |||||
Effective Income Tax Rate (2) | [2] | 19.75% | 38.81% | 39.54% | ||||
|
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- Definition Percentage 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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- References No definition available.
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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 difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to deduction for dividend paid to employee stock ownership plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, attributable to increase (decrease) in the income tax rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition The amount of income tax expense or benefit for the period computed by applying the domestic federal statutory tax rates to pretax income from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to tax exempt income, equity in earnings (loss) of an unconsolidated subsidiary, minority noncontrolling interest income (loss), tax holiday, disposition of a business, disposition of an asset, repatriation of foreign earnings, repatriation of foreign earnings jobs creation act of 2004, increase (decrease) in enacted tax rate, prior year income taxes, increase (decrease) in deferred tax asset valuation allowance, and other adjustments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to state and local income tax expense (benefit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Schedule of Accumulated Deferred Income Tax Assets and Liabilities (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2015 |
Dec. 31, 2016 |
|
Disclosure Income Taxes Schedule Of Accumulated Deferred Income Tax Assets And Liabilities [Abstract] | |||
Deferred State and Local Income Tax Expense (Benefit) | $ 900 | $ 2,100 | |
Deferred income tax liabilities: | |||
Property, plant and equipment | 133,581 | $ 218,074 | |
Acquisition adjustment | 9,323 | 14,840 | |
Loss on reacquired debt | 153 | 442 | |
Deferred gas costs | 2,574 | 1,846 | |
Other | 5,422 | 6,375 | |
Total deferred income tax liabilities | 151,053 | 241,577 | |
Deferred income tax assets: | |||
Pension and other employee benefits | 4,698 | 6,230 | |
Environmental costs | 1,744 | 2,592 | |
Net operating loss carryforwards | 1,625 | 952 | |
Investment tax credit carryforwards | 0 | 2,643 | |
Self insurance | 164 | 189 | |
Storm reserve liability | 717 | 1,131 | |
Other | 6,255 | 4,946 | |
Total deferred income tax assets | 15,203 | 18,683 | |
Deferred Income Tax Liabilities, Net | $ 135,850 | $ 222,894 |
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- Definition Deferred Income Tax On Acquisition Adjustment No definition available.
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- Definition Deferred Tax Asset Self Insurance Accruals No definition available.
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- Definition Deferred Tax Assets Environmental No definition available.
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- Definition Deferred Tax Liabilities Loss On Reacquired Debt No definition available.
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- Definition Disclosure - Income Taxes - Schedule of Accumulated Deferred Income Tax Assets and Liabilities [Abstract] No definition available.
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- References 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Amount, before allocation of a valuation allowances, of deferred tax assets attributable to deductible tax credit carryforwards including, but not limited to, research, foreign, general business, alternative minimum tax, and other deductible tax credit carryforwards. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from employee benefits, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, before allocation of valuation allowance, of deferred tax asset attributable to deductible temporary differences from reserves, classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount, after deferred tax asset, of deferred tax liability attributable to taxable differences without jurisdictional netting. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from capitalized costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Amount of deferred tax liability attributable to taxable temporary differences classified as other. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of deferred tax liability attributable to taxable temporary differences from property, plant, and equipment. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Schedule of Income Tax Expense (Phantoms) (Detail) - USD ($) $ in Millions |
12 Months Ended | |
---|---|---|
Dec. 31, 2017 |
Dec. 31, 2015 |
|
Disclosure Income Taxes Schedule Of Income Tax Expense [Abstract] | ||
Deferred state income taxes | $ 0.9 | $ 2.1 |
X | ||||||||||
- Definition Disclosure - Income Taxes - Schedule of Income Tax Expense [Abstract] No definition available.
|
X | ||||||||||
- Definition Amount of deferred state and local tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
Income Taxes - Summary of Reconciliation of Statutory Federal Tax and Effective Income Tax Rates (Phantoms) (Detail) |
12 Months Ended | |
---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Disclosure Income Taxes Summary Of Reconciliation Of Statutory Federal Tax And Effective Income Tax Rates [Abstract] | ||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 35.00% |
X | ||||||||||
- Definition Disclosure - Income Taxes - Summary of Reconciliation of Statutory Federal Tax and Effective Income Tax Rates [Abstract] No definition available.
|
X | ||||||||||
- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Income Taxes Federal Tax Reform (Details) - USD ($) $ in Thousands |
12 Months Ended | |||
---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Federal Tax Reform | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 35.00% | 35.00% | ||
Percentage of Net Operating Losses Limited upon Tax Reform Enactment | 80.00% | |||
Reevaluation of Deferred Income Taxes due to tax reform | $ 98,500 | |||
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Amount | $ (14,299) | $ 0 | $ 0 | |
Federal tax reform [Member] | ||||
Federal Tax Reform | ||||
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | 21.00% |
X | ||||||||||
- Definition Percentage of Net Operating Losses Limited upon Tax Reform Enactment No definition available.
|
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- Definition Reevaluation of Deferred Income Taxes due to tax reform No definition available.
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- Definition Percentage of domestic federal statutory tax rate applicable to pretax income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations, attributable to increase (decrease) in the income tax rates. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
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Long-Term Debt - Additional Information (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Oct. 08, 2015 |
Dec. 31, 2017 |
Nov. 30, 2017 |
Mar. 31, 2017 |
May 31, 2016 |
|
Debt Instrument [Line Items] | |||||
Long-term debt maturities repayment of principal in next twelve months | $ 8,000 | ||||
Long-term debt maturities repayment of principal in year two | 10,600 | ||||
Long-term debt maturities repayment of principal in year three | 15,600 | ||||
Long-term debt maturities repayment of principal in year four | 13,600 | ||||
Long-term debt maturities repayment of principal in year five | 25,100 | ||||
Long-term debt maturities repayment of principal in year five thereafter | 132,300 | ||||
Debt Instrument, Unused Borrowing Capacity, Amount | $ 80,000 | ||||
Percentage of equity of total capitalization | 40.00% | ||||
Fixed charge coverage ratio | 1.2 | ||||
Required net book value of regulated business assets, minimum percentage of consolidated total assets | 50.00% | ||||
Maximum limit on payment of dividends | 10.0 | ||||
Cumulative consolidated net income base | $ 387,700 | ||||
Cumulative net income with restrictions | 178,000 | ||||
Cumulative net income free of restrictions | 209,700 | ||||
Restricted net assets of consolidated subsidiaries | $ 43,000 | ||||
Percentage of restricted net assets | 9.00% | ||||
Uncollateralized Senior Note Due On Two Thousand Twenty Six [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 5.68% | ||||
First Mortgage Bond Due On Two Thousand Twenty Two [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 9.08% | ||||
Cumulative consolidated net income base | $ 142,600 | ||||
Cumulative net income with restrictions | 37,600 | ||||
Cumulative net income free of restrictions | $ 104,900 | ||||
Uncollateralized Senior Notes Due On May Two Thousand Twenty Eight [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 6.43% | ||||
Uncollateralized Senior Note Two Due on December Two Thousand Twenty Eight [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 3.73% | ||||
Uncollateralized Senior Notes Due On Two Thousand Twenty Nine [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 3.88% | ||||
Uncollateralized Senior Note One Due On Two Thousand Seventeen [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 6.64% | ||||
Uncollateralized Senior Note Due On Two Thousand Twenty [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 5.50% | ||||
Uncollateralized Senior Note Due On Two Thousand Twenty Three [Member] | |||||
Debt Instrument [Line Items] | |||||
Long-term debt, interest percentage | 5.93% | ||||
Notes Payable, Other Payables | Shelf Notes | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 150,000 | $ 70,000 | |||
Long-term debt, interest percentage | 3.25% | ||||
Term | 20 years | ||||
Florida Public Utilities Company [Member] | |||||
Debt Instrument [Line Items] | |||||
Cumulative net income with restrictions | $ 2,500 | ||||
MetLife [Member] | Notes Payable, Other Payables | Shelf Notes | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 150,000 | ||||
New York Life [Member] | Notes Payable, Other Payables | Shelf Notes | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 100,000 | ||||
Series A [Member] | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 50,000 | ||||
Long-term debt, interest percentage | 3.48% | ||||
Series B [Member] | |||||
Debt Instrument [Line Items] | |||||
Face amount | $ 50,000 | ||||
Long-term debt, interest percentage | 3.58% |
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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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- Definition Amount of unused borrowing capacity under the long-term financing arrangement that is available to the entity as of the balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of long-term debt payable, sinking fund requirements, and other securities issued that are redeemable by holder at fixed or determinable prices and dates maturing in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Description of restrictions, classified as other, on the ability to pay dividends. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The percent of net assets of the aggregate value of all restricted investments. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Long-Term Debt - Outstanding Long-Term Debt (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Debt Instrument [Line Items] | ||
Long-term Debt | $ 205,200 | $ 145,900 |
Capital lease obligation | 2,070 | 3,471 |
Less: debt issuance costs | (433) | (291) |
Long-term Debt and Capital Lease Obligations | 206,816 | 149,053 |
Less: current maturities | (9,421) | (12,099) |
Total long-term debt, net of current maturities | 197,395 | 136,954 |
9.08% bond, due June 1, 2022 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 7,982 | 7,978 |
6.64% note, due October 31, 2017 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 0 | 2,727 |
5.50% note, due October 12, 2020 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 6,000 | 8,000 |
5.93% note, due October 31, 2023 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 18,000 | 21,000 |
5.68% note, due June 30, 2026 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 26,100 | 29,000 |
6.43% note, due May 2, 2028 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 7,000 | 7,000 |
3.73% note, due December 16, 2028 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 20,000 | 20,000 |
3.88% note, due May 15, 2029 | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 50,000 | 50,000 |
3.25% note, due April 30, 2032 [Member] | ||
Debt Instrument [Line Items] | ||
Long-term Debt | 70,000 | 0 |
Promissory note | ||
Debt Instrument [Line Items] | ||
Long-term Debt | $ 97 | $ 168 |
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- 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.
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- 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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- 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 of long-term debt and capital leases 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 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 (Phantoms) (Detail) |
12 Months Ended |
---|---|
Dec. 31, 2017 | |
9.08% bond, due June 1, 2022 | |
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 | |
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 | |
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 | |
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 | |
Debt Instrument [Line Items] | |
Long-term debt, interest percentage | 5.68% |
Debt Instrument, Maturity Date | Jun. 30, 2026 |
6.43% note, due May 2, 2028 | |
Debt Instrument [Line Items] | |
Long-term debt, interest percentage | 6.43% |
Debt Instrument, Maturity Date | May 02, 2028 |
3.73% note, due December 16, 2028 | |
Debt Instrument [Line Items] | |
Long-term debt, interest percentage | 3.73% |
Debt Instrument, Maturity Date | Dec. 16, 2028 |
3.88% note, due May 15, 2029 | |
Debt Instrument [Line Items] | |
Long-term debt, interest percentage | 3.88% |
Debt Instrument, Maturity Date | May 15, 2029 |
Uncollateralized Senior Note Due on Two Thousand Thirty Two [Member] | |
Debt Instrument [Line Items] | |
Long-term debt, interest percentage | 3.25% |
Debt Instrument, Maturity Date | Apr. 30, 2032 |
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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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Short-Term Borrowing - Additional Information (Detail) |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Nov. 30, 2017
USD ($)
|
Oct. 08, 2015
USD ($)
|
|
Short-term Debt [Line Items] | |||||
Short-term borrowings | $ 250,969,000 | $ 209,871,000 | |||
Line of Credit Facility, Aggregate Borrowing Capacity | $ 370,000,000 | ||||
Number Of Unsecured Bank Credit Facilities | 5 | ||||
Number Of Financial Institutions With Bank Credit Facilities | 4 | ||||
Line Of Available Credit Facility Borrowing Capacity | $ 220,000,000 | ||||
ParticipatingLendersInTheRevolver | 5 | ||||
Short-term Debt, Weighted Average Interest Rate, at Point in Time | 2.4246% | 1.4269% | |||
Line of Credit Facility, Commitment Fee Amount | $ 131,000 | $ 145,000 | $ 106,000 | ||
Ratio of Indebtedness to Net Capital | 0.65 | ||||
Uncommitted Line Of Credit Facility One [Member] | |||||
Short-term Debt [Line Items] | |||||
Line of Credit Facility, Current Borrowing Capacity | $ 40,000,000 | $ 150,000,000 | |||
Revolving Credit Facility [Member] | |||||
Short-term Debt [Line Items] | |||||
Line of Credit Facility, Aggregate Borrowing Capacity | $ 275,000,000 | ||||
Committed Line of Credit Facility Two [Member] | |||||
Short-term Debt [Line Items] | |||||
Debt Instrument, Description of Variable Rate Basis | LIBOR rate, plus 1.00 percent | ||||
Line of Credit Facility, Aggregate Borrowing Capacity | $ 30,000,000 | ||||
Short-term Revolving Line of Credit Facility [Member] | |||||
Short-term Debt [Line Items] | |||||
Debt Instrument, Description of Variable Rate Basis | Lender's base rate plus 80 basis points | ||||
Line of Credit Facility, Aggregate Borrowing Capacity | $ 50,000,000 | ||||
Committed Line of Credit Facility Three [Member] | |||||
Short-term Debt [Line Items] | |||||
Debt Instrument, Description of Variable Rate Basis | Lender's base rate, plus 0.85 percent | ||||
Line of Credit Facility, Aggregate Borrowing Capacity | $ 45,000,000 | ||||
Maximum | Revolving Credit Facility [Member] | |||||
Short-term Debt [Line Items] | |||||
Line of Credit Facility, Aggregate Borrowing Capacity | $ 350,000,000 |
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- Definition Line Of Credit Facility Maximum Borrowing Committed Capacity No definition available.
|
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- Definition Number Of Financial Institutions With Bank Credit Facilities No definition available.
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- Definition Number Of Unsecured Bank Credit Facilities No definition available.
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- Definition Participating Lenders In The Revolver No definition available.
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition Amount of the fee for available but unused credit capacity under the credit facility. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 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 Indebtedness divided by net capital. No definition available.
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- 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
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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 Weighted average interest rate of short-term debt outstanding calculated at point in time. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Short-Term Borrowing Short-Term Borrowing - Schedule of Short-Term Debt (Details) - USD ($) $ in Thousands |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 370,000 | ||||||
Long-term Line of Credit | 240,671 | $ 201,311 | |||||
Line of Credit Facility, Remaining Borrowing Capacity | 129,329 | ||||||
Bank Overdrafts | [1] | 10,298 | 8,560 | ||||
Short-term borrowing | 250,969 | 209,871 | |||||
Committed Line of Credit Facility One [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 55,000 | ||||||
Line of Credit Facility, Expiration Date | Oct. 28, 2018 | ||||||
Long-term Line of Credit | $ 55,000 | 45,000 | |||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 0 | ||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR rate, plus 1.00 percent | ||||||
Short-term Revolving Line of Credit Facility [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 50,000 | ||||||
Line of Credit Facility, Expiration Date | Oct. 31, 2018 | ||||||
Long-term Line of Credit | $ 50,000 | 50,000 | |||||
Debt Instrument, Description of Variable Rate Basis | Lender's base rate plus 80 basis points | ||||||
Committed Line of Credit Facility Three [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 45,000 | ||||||
Line of Credit Facility, Expiration Date | Oct. 31, 2018 | ||||||
Long-term Line of Credit | $ 40,171 | 35,000 | |||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 4,829 | ||||||
Debt Instrument, Description of Variable Rate Basis | Lender's base rate, plus 0.85 percent | ||||||
Committed Line of Credit Facility Five [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 40,000 | ||||||
Line of Credit Facility, Expiration Date | Oct. 31, 2018 | ||||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 40,000 | ||||||
Debt Instrument, Description of Variable Rate Basis | Lender's base rate, plus 0.85 percent | ||||||
Committed Line of Credit Facility Four [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | [2] | $ 150,000 | |||||
Line of Credit Facility, Expiration Date | Oct. 08, 2020 | ||||||
Long-term Line of Credit | [2] | $ 75,000 | 50,000 | ||||
Line of Credit Facility, Remaining Borrowing Capacity | [2] | $ 75,000 | |||||
Debt Instrument, Description of Variable Rate Basis | LIBOR rate, plus 1.00 percent | ||||||
Committed Line of Credit Facility Two [Member] | |||||||
Short-term Debt [Line Items] | |||||||
Line of Credit Facility, Maximum Borrowing Capacity | $ 30,000 | ||||||
Line of Credit Facility, Expiration Date | Oct. 31, 2018 | ||||||
Long-term Line of Credit | $ 20,500 | $ 21,311 | |||||
Line of Credit Facility, Remaining Borrowing Capacity | $ 9,500 | ||||||
Debt Instrument, Description of Variable Rate Basis | LIBOR rate, plus 1.00 percent | ||||||
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- Definition Carrying value as of the balance sheet date of payments made in excess of existing cash balances, which will be honored by the bank but reflected as a loan to the entity. Overdrafts generally have a very short time frame for correction or repayment and are therefore more similar to short-term bank financing than trade financing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The reference rate for the variable rate of the debt instrument, such as LIBOR or the US Treasury rate and the maturity of the reference rate used, such as three months or six months LIBOR. No definition available.
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- Definition Date the credit facility terminates, in CCYY-MM-DD format. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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 Amount of borrowing capacity currently available under the credit facility (current borrowing capacity less the amount of borrowings outstanding). 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 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
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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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Lease Obligations - Additional Information (Detail) - USD ($) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Subsequent Event [Line Items] | |||
Rent expense related to operating leases | $ 3,600,000 | $ 2,500,000 | $ 1,700,000 |
Operating Leases, Future Minimum Payments Due, Next Twelve Months | 2,700,000 | ||
Operating Leases, Future Minimum Payments, Due in Two Years | 1,700,000 | ||
Operating Leases, Future Minimum Payments, Due in Three Years | 1,000,000 | ||
Operating Leases, Future Minimum Payments, Due in Four Years | 815,000 | ||
Operating Leases, Future Minimum Payments, Due in Five Years | 654,000 | ||
Future minimum payments under current lease agreements, thereafter | 3,700,000 | ||
Future minimum payments under current lease agreements, total | 10,600,000 | ||
Payments to Acquire Capital Leases | 1,500,000 | ||
Capital Leases, Future Minimum Payments Due, Next Twelve Months | 1,500,000 | ||
Capital Leases, Future Minimum Payments Due in Five Years | 625,000 | ||
Capital Leases, Future Minimum Payments Due | $ 2,100,000 |
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- Definition Payments to Acquire Capital Leases No definition available.
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- Definition Amount of minimum lease payments for capital leases. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of minimum lease payments for capital leases due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of minimum lease payments for capital leases due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for leases having an initial or remaining non-cancelable letter-terms in excess of one year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the next fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the fourth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the third fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due in the second fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of required minimum rental payments for operating leases having an initial or remaining non-cancelable lease term in excess of one year due after the fifth fiscal year following the latest fiscal year. Excludes interim and annual periods when interim periods are reported on a rolling approach, from latest balance sheet date. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Rental expense for the reporting period incurred under operating leases, including minimum and any contingent rent expense, net of related sublease income. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
|
Stockholders' Equity Additional Details (Details) - USD ($) |
12 Months Ended | ||||||
---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||
Stockholders' Equity Attributable to Parent [Abstract] | |||||||
Preferred Stock, Shares Authorized | 2,000,000 | 2,000,000 | |||||
Preferred Stock, Par or Stated Value Per Share | $ 0.01 | $ 0.01 | |||||
Stock Issued During Period, Shares, New Issues | 960,488 | ||||||
Stock Issued During Period, Value, Other | $ 62.26 | ||||||
Proceeds from issuance of common stock, net of expenses | $ (10,000) | [1] | $ 57,360,000 | [1] | $ 0 | ||
|
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
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- 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
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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 Number of new stock issued during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Value of shares of stock issued attributable to transactions classified as other. No definition available.
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- References No definition available.
|
Stockholders' Equity Accumulated Other comprehensive Income (Loss) - Changes in Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands |
12 Months Ended | |
---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
|
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] | ||
Accumulated other comprehensive loss at beginning of period | $ (4,878) | $ (5,840) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 440 | 508 |
Amounts reclassified from accumulated other comprehensive income/(loss) | 166 | 454 |
Net current-period other comprehensive income/(loss) | 606 | 962 |
Accumulated other comprehensive loss at end of period | (4,272) | (4,878) |
UnrealizedGainsLossesFromDefinedBenefitPensionAndPostretirementPlanItems [Member] | ||
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] | ||
Accumulated other comprehensive loss at beginning of period | (5,360) | (5,580) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 281 | (254) |
Amounts reclassified from accumulated other comprehensive income/(loss) | 336 | 474 |
Net current-period other comprehensive income/(loss) | 617 | 220 |
Accumulated other comprehensive loss at end of period | (4,743) | (5,360) |
Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | ||
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), after Tax [Roll Forward] | ||
Accumulated other comprehensive loss at beginning of period | 482 | (260) |
Other Comprehensive Income (Loss), before Reclassifications, before Tax | 159 | 762 |
Amounts reclassified from accumulated other comprehensive income/(loss) | (170) | (20) |
Net current-period other comprehensive income/(loss) | (11) | 742 |
Accumulated other comprehensive loss at end of period | $ 471 | $ 482 |
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- 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
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- Definition Amount after tax, before reclassification adjustments of other comprehensive income (loss). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Stockholders' Equity Accumulated Other Comprehensive Income (loss) - Reclassifications of Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands |
12 Months Ended | |||||||
---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Income tax benefit | $ (14,309) | $ (28,341) | $ (26,905) | |||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | ||||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Net of tax | (166) | (454) | (472) | |||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Defined Benefit Plans Adjustment [Member] | ||||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Prior service cost | [1] | 77 | 77 | 68 | ||||
Net gain | [1] | (636) | (871) | (650) | ||||
Total before income taxes | (559) | (794) | (582) | |||||
Income tax benefit | 223 | 320 | 233 | |||||
Net of tax | (336) | (474) | (349) | |||||
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | ||||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Total before income taxes | 329 | 23 | (206) | |||||
Income tax benefit | (159) | (3) | 83 | |||||
Net of tax | 170 | 20 | (123) | |||||
Propane Swap Agreement [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | ||||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | [2] | 1,607 | (322) | (120) | ||||
Natural Gas Futures [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | ||||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | [2] | (456) | 345 | (31) | ||||
Natural Gas Swaps [Member] | Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated (Gain) Loss from Commodity Contracts Cash Flows Hedges [Member] | ||||||||
Amortization of defined benefit pension and postretirement plan items: | ||||||||
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax | [2] | $ (822) | $ 0 | $ (55) | ||||
|
X | ||||||||||
- References 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 Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. 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) of defined benefit plan. 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 gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Stockholders' Equity Shareholder Rates and Preferred Stock (Details) |
12 Months Ended | |
---|---|---|
Dec. 31, 2016
USD ($)
$ / shares
|
Dec. 31, 2017
$ / shares
$ / unit
|
|
Shareholder Rates and Preferred Stock [Abstract] | ||
Stock Issued During Period, Value, Other | $ | $ 62.26 | |
Preferred Stock, Par or Stated Value Per Share | $ / shares | $ 0.01 | $ 0.01 |
Preferred Stock, Price Per Unit | $ / unit | 70 |
X | ||||||||||
- Definition cpk_preferredstockpriceperunit No definition available.
|
X | ||||||||||
- Definition Shareholder Rates and Preferred Stock [Abstract] No definition available.
|
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 Value of shares of stock issued attributable to transactions classified as other. No definition available.
|
Employee Benefit Plans - Additional Information (Detail) $ in Thousands |
12 Months Ended | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2018 |
Dec. 31, 2017
USD ($)
shares
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
Dec. 31, 2017 |
Dec. 31, 2017
USD ($)
|
Dec. 31, 2017
plan
|
||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Defined Benefit Plan, Number of Plans | 2 | 3 | ||||||||||
Income tax benefits | $ 3,100 | |||||||||||
Pre-merger regulatory asset | 1,326 | |||||||||||
Total unrecognized cost | 23,347 | |||||||||||
Expected Amortization Of Pre Merger Regulatory Asset | $ 0 | |||||||||||
One-percentage point increase in health care inflation rate, accumulated postretirement benefit obligation | 277 | |||||||||||
One-percentage point increase in health care inflation rate, service cost and interest cost components | 11 | |||||||||||
One-percentage point decrease in health care inflation rate, accumulated postretirement benefit obligation | 215 | |||||||||||
One-percentage point decrease in health care inflation rate, service cost and interest cost components | $ 8 | |||||||||||
Required period of service for eligibility | 3 months | |||||||||||
Percentage of eligible participants contribution to the plan | 100.00% | |||||||||||
Maximum percentage of eligible compensation | 6.00% | |||||||||||
Employer matching contribution vested, percentage | 100.00% | |||||||||||
Deferred Compensation Arrangement with Individual, Requisite Service Period | 2 years | |||||||||||
Employee contribution age | 55 years | |||||||||||
Deferral rate | 80.00% | |||||||||||
Deferred Compensation Employer Matching Contribution Rate | 6.00% | |||||||||||
Number Of Years to Collect Benefits | 20 years | |||||||||||
Deferral rate increase, minimum | 1.00% | |||||||||||
Employer contributions to pension plan | $ 5,000 | $ 4,500 | $ 4,100 | |||||||||
Shares reserved to fund future contributions | shares | 831,183 | |||||||||||
Investments, Fair Value Disclosure | 4,902 | 6,756 | ||||||||||
Deferred compensation obligation | 2,416 | 3,395 | ||||||||||
Minimum | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Maximum percentage of eligible compensation | 3.00% | |||||||||||
Maximum | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Number Of Years to Collect Benefits | 15 years | |||||||||||
Chesapeake Pension Plan | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Pre-merger regulatory asset | 0 | |||||||||||
Total unrecognized cost | 3,629 | |||||||||||
Unfunded accumulated benefit obligation | (2,687) | (2,093) | ||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 359 | |||||||||||
Expected contribution | [1] | 687 | ||||||||||
FPU Pension Plan | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Merger Related Costs Allowed To Be Recovered In Future Rates | 1,300 | |||||||||||
Defined Benefit Plan, Amortization of Transition Asset (Obligation) | 2,100 | |||||||||||
Pre-merger regulatory asset | 1,304 | |||||||||||
Total unrecognized cost | 18,787 | |||||||||||
Unfunded accumulated benefit obligation | (20,560) | (16,268) | ||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 1,500 | |||||||||||
Expected contribution | [1] | 3,078 | ||||||||||
Chesapeake SERP | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Pre-merger regulatory asset | 0 | |||||||||||
Total unrecognized cost | 733 | |||||||||||
Unfunded accumulated benefit obligation | (2,428) | (2,428) | ||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 151 | |||||||||||
Expected contribution | [2] | 151 | ||||||||||
Medical | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Health care inflation rate | 5.00% | |||||||||||
Chesapeake Postretirement Plan | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Pre-merger regulatory asset | 0 | |||||||||||
Total unrecognized cost | 166 | |||||||||||
Unfunded accumulated benefit obligation | (1,132) | (1,128) | ||||||||||
Expected Amortization Of Pre Merger Regulatory Asset | 0 | $ 0 | ||||||||||
Health care inflation rate | 6.00% | |||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 97 | |||||||||||
Expected contribution | [2] | 97 | ||||||||||
FPU Medical Plan | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Pre-merger regulatory asset | 30 | 22 | ||||||||||
Total unrecognized cost | 32 | |||||||||||
Unfunded accumulated benefit obligation | (1,349) | (1,287) | ||||||||||
Health care inflation rate | 5.00% | |||||||||||
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year | 88 | |||||||||||
Expected contribution | [2] | 88 | ||||||||||
Rabbi Trust Associated With Deferred Compensation Plan [Member] | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Investments, Fair Value Disclosure | $ 4,881 | $ 6,734 | ||||||||||
Subsequent Event | ||||||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||||||
Maximum percentage of eligible compensation | 10.00% | |||||||||||
|
X | ||||||||||
- Definition Accumulated Other Comprehensive Income Loss Tax Effect No definition available.
|
X | ||||||||||
- Definition Deferrals Rates After Deferral Period Ends Minimum No definition available.
|
X | ||||||||||
- Definition Deferred Compensation Employer Matching Contribution Rate No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan, Number of Plans No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan Pre Merger Regulatory Assets No definition available.
|
X | ||||||||||
- Definition Defined Contribution Plan, Eligibility Threshold, Requisite Service Period No definition available.
|
X | ||||||||||
- Definition Defined Contribution Plan Maximum Employer Contribution As Percentage Of Eligible Compensation No definition available.
|
X | ||||||||||
- Definition Deferral rate employees can make No definition available.
|
X | ||||||||||
- Definition Employee Minimum Age To Participate Under Defined Contribution Plan No definition available.
|
X | ||||||||||
- Definition Expected amortization of pre merger regulatory asset. No definition available.
|
X | ||||||||||
- Definition Merger related costs allowed to be recovered in future rates. No definition available.
|
X | ||||||||||
- Definition Number Of Years to Collect Benefits No definition available.
|
X | ||||||||||
- Definition Aggregate number of common shares reserved for future issuance. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- 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.
|
X | ||||||||||
- Definition Minimum period the individual is required to perform services to be fully vested under the deferred compensation arrangement, 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 Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of transition asset (obligation) recognized in net periodic benefit (cost) credit of defined benefit 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 Amount of decrease in accumulated postretirement benefit obligation from one-percentage-point decrease in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of decrease in service and interest cost components of net periodic postretirement benefit cost from one-percentage-point decrease in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in accumulated postretirement benefit obligation from one-percentage-point increase in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in service and interest cost components of net periodic postretirement benefit cost from one-percentage-point increase in assumed health care cost trend rate. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of contributions expected to be received by defined benefit plan from employer in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Assumed rate, for next fiscal year, based on annual change in cost of health care cost benefits used to measure expected cost of benefits covered by defined benefit postretirement plan. Factors include, but are not limited to, estimate of health care inflation, change in health care utilization or delivery pattern, technological advances, and change in health status of participant. Excludes factors for change in composition of plan population by age and dependency status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of discretionary contributions made by an employer to a defined contribution plan. No definition available.
|
X | ||||||||||
- Definition Percentage employer matches of the employee's percentage contribution matched. No definition available.
|
X | ||||||||||
- Definition Percentage of employer's matching contributions to a defined contribution plan that vests in a given year. 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
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
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X | ||||||||||
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
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X | ||||||||||
- Details
|
Employee Benefit Plans - Schedule of Funded Status of Benefit Obligation and Plan Assets (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||
Change in benefit obligation: | ||||||
Interest cost | $ 89 | $ 91 | $ 91 | |||
Change in plan assets: | ||||||
Balance, beginning of year | 51,940 | |||||
Balance, end of year | 57,746 | 51,940 | ||||
Chesapeake Pension Plan | ||||||
Change in benefit obligation: | ||||||
Benefit obligation - beginning of year | 11,355 | 11,501 | ||||
Interest cost | 402 | 421 | 407 | |||
Actuarial loss | 454 | 330 | ||||
Effect of settlement | 0 | (433) | ||||
Benefits paid | (768) | (464) | ||||
Benefit obligation - end of year | 11,443 | 11,355 | 11,501 | |||
Change in plan assets: | ||||||
Balance, beginning of year | 8,668 | 8,752 | ||||
Actual return on plan assets | 1,144 | 424 | ||||
Employer contributions | 306 | 389 | ||||
Benefits paid | (768) | (464) | ||||
Effect of settlement | 0 | (433) | ||||
Balance, end of year | 9,350 | 8,668 | $ 8,752 | |||
Reconciliation: | ||||||
Funded status | (2,093) | (2,687) | ||||
Accrued pension cost | $ (2,093) | $ (2,687) | ||||
Assumptions: | ||||||
Discount rate | 3.50% | 3.75% | ||||
Expected return on plan assets | 6.00% | 6.00% | 6.00% | |||
FPU Pension Plan | ||||||
Change in benefit obligation: | ||||||
Benefit obligation - beginning of year | $ 63,832 | $ 64,435 | ||||
Interest cost | 2,482 | 2,525 | $ 2,504 | |||
Actuarial loss | 1,199 | (216) | ||||
Benefits paid | (2,849) | (2,912) | ||||
Benefit obligation - end of year | 64,664 | 63,832 | 64,435 | |||
Change in plan assets: | ||||||
Balance, beginning of year | 43,272 | 42,207 | ||||
Actual return on plan assets | 6,025 | 2,343 | ||||
Employer contributions | 1,948 | 1,634 | ||||
Benefits paid | (2,849) | (2,912) | ||||
Balance, end of year | 48,396 | 43,272 | $ 42,207 | |||
Reconciliation: | ||||||
Funded status | (16,268) | (20,560) | ||||
Accrued pension cost | $ (16,268) | $ (20,560) | ||||
Assumptions: | ||||||
Discount rate | 3.75% | 4.00% | ||||
Expected return on plan assets | 6.50% | 6.50% | 7.00% | |||
Chesapeake SERP | ||||||
Change in benefit obligation: | ||||||
Benefit obligation - beginning of year | $ 2,428 | $ 2,510 | ||||
Interest cost | 89 | 91 | ||||
Actuarial loss | 63 | (21) | ||||
Benefits paid | (152) | (152) | ||||
Benefit obligation - end of year | 2,428 | 2,428 | $ 2,510 | |||
Change in plan assets: | ||||||
Employer contributions | 152 | 152 | ||||
Benefits paid | (152) | (152) | ||||
Reconciliation: | ||||||
Funded status | (2,428) | (2,428) | ||||
Accrued pension cost | $ (2,428) | $ (2,428) | ||||
Assumptions: | ||||||
Discount rate | 3.50% | 3.75% | ||||
Chesapeake Postretirement Plan | ||||||
Change in benefit obligation: | ||||||
Benefit obligation - beginning of year | $ 1,132 | $ 1,153 | ||||
Interest cost | 41 | 43 | 42 | |||
Plan participants contributions | 118 | 90 | ||||
Actuarial loss | 72 | 20 | ||||
Benefits paid | (235) | (174) | ||||
Benefit obligation - end of year | 1,128 | 1,132 | 1,153 | |||
Change in plan assets: | ||||||
Balance, beginning of year | 0 | 0 | ||||
Employer contributions | [1] | 117 | 84 | |||
Plan participants contributions | 118 | 90 | ||||
Benefits paid | (235) | (174) | ||||
Balance, end of year | 0 | 0 | 0 | |||
Reconciliation: | ||||||
Funded status | (1,128) | (1,132) | ||||
Accrued pension cost | $ (1,128) | $ (1,132) | ||||
Assumptions: | ||||||
Discount rate | 3.50% | 3.75% | ||||
FPU Medical Plan | ||||||
Change in benefit obligation: | ||||||
Benefit obligation - beginning of year | $ 1,349 | $ 1,444 | ||||
Interest cost | 50 | 55 | 57 | |||
Plan participants contributions | 48 | 64 | ||||
Actuarial loss | (48) | (41) | ||||
Benefits paid | (112) | (173) | ||||
Benefit obligation - end of year | 1,287 | 1,349 | 1,444 | |||
Change in plan assets: | ||||||
Balance, beginning of year | 0 | 0 | ||||
Employer contributions | [1] | 64 | 109 | |||
Plan participants contributions | 48 | 64 | ||||
Benefits paid | (112) | (173) | ||||
Balance, end of year | 0 | 0 | $ 0 | |||
Reconciliation: | ||||||
Funded status | (1,287) | (1,349) | ||||
Accrued pension cost | $ (1,287) | $ (1,349) | ||||
Assumptions: | ||||||
Discount rate | 3.75% | 4.00% | ||||
|
X | ||||||||||
- Definition Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan Reconciliation Of Funded Status [Abstract] No definition available.
|
X | ||||||||||
- Definition Amount of increase (decrease) in plan assets of defined benefit plan from actual return (loss) determined by change in fair value of plan assets adjusted for contributions, benefit payments, and other expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of gain (loss) from change in actuarial assumptions which (increases) decreases benefit obligation of defined benefit plan. Assumptions include, but are not limited to, interest, mortality, employee turnover, salary, and temporary deviation from substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of actuarial present value of benefits attributed to service rendered by employee for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment to participant of defined benefit plan which decreases benefit obligation. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of contributions received by defined benefit plan from participant which increase benefit obligation. 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 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 Amount of contribution received by defined benefit plan from employer which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment to participant under defined benefit plan which decreases plan assets. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of contributions received by defined benefit plan from participant which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of (increase) decrease to benefit obligation of defined benefit plan from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Includes, but is not limited to, lump-sum cash payment to participant in exchange for right to receive specified benefits, purchase of nonparticipating annuity contract and change from remeasurement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of payment, which decreases plan assets of defined benefit plan, for irrevocable action relieving primary responsibility for benefit obligation and eliminating risk for obligation and assets used to effect settlement. Transaction constituting settlement includes, but is not limited to, making lump-sum cash payment to participant in exchange for their rights to receive specified benefits and purchasing nonparticipating annuity contract. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
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- Details
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Employee Benefit Plans - Schedule of Amounts Not Yet Reflected in Net Periodic Benefit Cost and Included in Accumulated Other Comprehensive Income Loss or Regulatory Assets (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||
---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Prior service cost (credit) | $ (601) | ||||
Net loss | 22,622 | ||||
Total | 22,021 | ||||
Accumulated other comprehensive loss pre-tax | 7,852 | ||||
Post-merger regulatory asset | 14,169 | ||||
Subtotal | 22,021 | ||||
Pre-merger regulatory asset | 1,326 | ||||
Total unrecognized cost | 23,347 | ||||
Chesapeake Pension Plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Prior service cost (credit) | 0 | ||||
Net loss | 3,629 | ||||
Total | 3,629 | ||||
Accumulated other comprehensive loss pre-tax | [1] | 3,629 | |||
Post-merger regulatory asset | 0 | ||||
Subtotal | 3,629 | ||||
Pre-merger regulatory asset | 0 | ||||
Total unrecognized cost | 3,629 | ||||
FPU Pension Plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Prior service cost (credit) | 0 | ||||
Net loss | 17,483 | ||||
Total | 17,483 | ||||
Accumulated other comprehensive loss pre-tax | [1] | 3,322 | |||
Post-merger regulatory asset | 14,161 | ||||
Subtotal | 17,483 | ||||
Pre-merger regulatory asset | 1,304 | ||||
Total unrecognized cost | 18,787 | ||||
Chesapeake SERP | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Prior service cost (credit) | 0 | ||||
Net loss | 733 | ||||
Total | 733 | ||||
Accumulated other comprehensive loss pre-tax | [1] | 733 | |||
Post-merger regulatory asset | 0 | ||||
Subtotal | 733 | ||||
Pre-merger regulatory asset | 0 | ||||
Total unrecognized cost | 733 | ||||
Chesapeake Postretirement Plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Prior service cost (credit) | (601) | ||||
Net loss | 767 | ||||
Total | 166 | ||||
Accumulated other comprehensive loss pre-tax | [1] | 166 | |||
Post-merger regulatory asset | 0 | ||||
Subtotal | 166 | ||||
Pre-merger regulatory asset | 0 | ||||
Total unrecognized cost | 166 | ||||
FPU Medical Plan | |||||
Defined Benefit Plan Disclosure [Line Items] | |||||
Prior service cost (credit) | 0 | ||||
Net loss | 10 | ||||
Total | 10 | ||||
Accumulated other comprehensive loss pre-tax | [1] | 2 | |||
Post-merger regulatory asset | 8 | ||||
Subtotal | 10 | ||||
Pre-merger regulatory asset | 22 | $ 30 | |||
Total unrecognized cost | $ 32 | ||||
|
X | ||||||||||
- Definition Defined Benefit Plan Post Merger Regulatory Assets No definition available.
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X | ||||||||||
- Definition Defined Benefit Plan Pre Merger Regulatory Assets No definition available.
|
X | ||||||||||
- Definition Defined Benefit Plan Regulatory Assets Before Pre-Merger No definition available.
|
X | ||||||||||
- Definition Amount of actuarial present value of benefits attributed to employee service rendered, excluding assumptions about future compensation level. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before tax, of accumulated other comprehensive (income) loss for defined benefit plan, that has not been recognized in net periodic benefit cost (credit). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before tax, after reclassification adjustment, of increase (decrease) in accumulated other comprehensive income from gain (loss) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, before tax, after reclassification adjustment, of (increase) decrease in accumulated other comprehensive income from prior service cost (credit) of defined benefit plan. 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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X | ||||||||||
- Definition Amount, before tax, after reclassification adjustment, of (increase) decrease in accumulated other comprehensive income for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans - Schedule of Amounts Not Yet Reflected in Net Periodic Benefit Cost and Included in Accumulated Other Comprehensive Income Loss or Regulatory Assets (Phantoms) (Detail) $ in Millions |
Dec. 31, 2017
USD ($)
|
---|---|
Disclosure Employee Benefit Plans Schedule Of Amounts Not Yet Reflected In Net Periodic Benefit Cost And Included In Accumulated Other Comprehensive Income Loss Or Regulatory Assets [Abstract] | |
Income tax benefits | $ 3.1 |
X | ||||||||||
- Definition Accumulated Other Comprehensive Income Loss Tax Effect No definition available.
|
X | ||||||||||
- Definition Disclosure - Employee Benefit Plans - Schedule of Amounts Not Yet Reflected in Net Periodic Benefit Cost and Included in Accumulated Other Comprehensive Income Loss or Regulatory Assets [Abstract] No definition available.
|
Employee Benefit Plans - Schedule of Assets by Investment Type (Detail) |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
---|---|---|---|
Chesapeake Pension Plan | |||
Asset Category | |||
Percentage of assets by investment type | 100.00% | 100.00% | 100.00% |
Chesapeake Pension Plan | Investments in equity securities | |||
Asset Category | |||
Percentage of assets by investment type | 52.70% | 52.93% | 48.01% |
Chesapeake Pension Plan | Debt securities | |||
Asset Category | |||
Percentage of assets by investment type | 37.79% | 37.64% | 39.62% |
Chesapeake Pension Plan | Other | |||
Asset Category | |||
Percentage of assets by investment type | 9.51% | 9.43% | 12.37% |
FPU Pension Plan | |||
Asset Category | |||
Percentage of assets by investment type | 100.00% | 100.00% | 100.00% |
FPU Pension Plan | Investments in equity securities | |||
Asset Category | |||
Percentage of assets by investment type | 55.17% | 53.18% | 48.56% |
FPU Pension Plan | Debt securities | |||
Asset Category | |||
Percentage of assets by investment type | 36.56% | 37.74% | 41.74% |
FPU Pension Plan | Other | |||
Asset Category | |||
Percentage of assets by investment type | 8.27% | 9.08% | 9.70% |
X | ||||||||||
- Definition Defined Benefit Plan Percentage Of Plan Assets By Investment Type 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.
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Employee Benefit Plans - Schedule of Asset Allocation Strategy (Detail) |
Dec. 31, 2017 |
---|---|
Minimum | Domestic Equities | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 14.00% |
Minimum | Foreign Equities | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 13.00% |
Minimum | Fixed Income | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 26.00% |
Minimum | Alternative Strategies | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 6.00% |
Minimum | Diversifying Assets | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 7.00% |
Minimum | Cash | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 0.00% |
Maximum | Domestic Equities | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 32.00% |
Maximum | Foreign Equities | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 25.00% |
Maximum | Fixed Income | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 40.00% |
Maximum | Alternative Strategies | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 14.00% |
Maximum | Diversifying Assets | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 19.00% |
Maximum | Cash | |
Schedule of Trading Securities and Other Trading Assets [Line Items] | |
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage | 5.00% |
X | ||||||||||
- Definition Percentage of target investment allocation to total plan assets. Includes, but is not limited to, percentage on weighted-average basis if more than one 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.
|
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Employee Benefit Plans - Summary of Pension Plan Assets (Detail) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | $ 57,746 | $ 51,940 | ||||||||||||||||||
Total Pension Plan Assets, excluding investments measured at net asset value | 50,498 | 45,707 | ||||||||||||||||||
Investments measured at net asset value | [1] | 7,248 | 6,233 | |||||||||||||||||
Investments in equity securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 24,382 | 21,365 | ||||||||||||||||||
Investments in equity securities | Us Large Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 4,245 | 4,031 | |||||||||||||||||
Investments in equity securities | Us Mid Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 1,775 | 1,677 | |||||||||||||||||
Investments in equity securities | United States Equity Small Cap | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 918 | 845 | |||||||||||||||||
Investments in equity securities | International All Cap Equity | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [3] | 11,916 | 9,574 | |||||||||||||||||
Investments in equity securities | Alternative Strategies | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [4] | 5,528 | 5,238 | |||||||||||||||||
Debt securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 21,226 | 19,594 | ||||||||||||||||||
Debt securities | Fixed Income | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 18,454 | 16,958 | |||||||||||||||||
Debt securities | High Yield Asset Backed Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 2,772 | 2,636 | |||||||||||||||||
Other | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 4,890 | 4,748 | ||||||||||||||||||
Other | Commodities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [6] | 2,154 | 2,134 | |||||||||||||||||
Other | Real Estate | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [7] | 2,300 | 2,116 | |||||||||||||||||
Other | Guaranteed deposit | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [8] | 436 | 498 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 50,062 | 45,209 | ||||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Investments in equity securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 24,382 | 21,365 | ||||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Investments in equity securities | Us Large Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 4,245 | 4,031 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Investments in equity securities | Us Mid Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 1,775 | 1,677 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Investments in equity securities | United States Equity Small Cap | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 918 | 845 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Investments in equity securities | International All Cap Equity | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [3] | 11,916 | 9,574 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Investments in equity securities | Alternative Strategies | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [4] | 5,528 | 5,238 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Debt securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 21,226 | 19,594 | ||||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Debt securities | Fixed Income | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 18,454 | 16,958 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Debt securities | High Yield Asset Backed Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 2,772 | 2,636 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Other | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 4,454 | 4,250 | ||||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Other | Commodities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [6] | 2,154 | 2,134 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Other | Real Estate | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [7] | 2,300 | 2,116 | |||||||||||||||||
Quoted Prices in Active Markets (Level 1) | Other | Guaranteed deposit | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [8] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 0 | 0 | ||||||||||||||||||
Significant Other Observable Inputs (Level 2) | Investments in equity securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 0 | 0 | ||||||||||||||||||
Significant Other Observable Inputs (Level 2) | Investments in equity securities | Us Large Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Investments in equity securities | Us Mid Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Investments in equity securities | United States Equity Small Cap | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Investments in equity securities | International All Cap Equity | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [3] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Investments in equity securities | Alternative Strategies | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [4] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Debt securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 0 | 0 | ||||||||||||||||||
Significant Other Observable Inputs (Level 2) | Debt securities | Fixed Income | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Debt securities | High Yield Asset Backed Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Other | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 0 | 0 | ||||||||||||||||||
Significant Other Observable Inputs (Level 2) | Other | Commodities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [6] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Other | Real Estate | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [7] | 0 | 0 | |||||||||||||||||
Significant Other Observable Inputs (Level 2) | Other | Guaranteed deposit | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [8] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 436 | 498 | $ 1,286 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Investments in equity securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 0 | 0 | ||||||||||||||||||
Significant Unobservable Inputs (Level 3) | Investments in equity securities | Us Large Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Investments in equity securities | Us Mid Cap Equity Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Investments in equity securities | United States Equity Small Cap | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [2] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Investments in equity securities | International All Cap Equity | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [3] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Investments in equity securities | Alternative Strategies | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [4] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Debt securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 0 | 0 | ||||||||||||||||||
Significant Unobservable Inputs (Level 3) | Debt securities | Fixed Income | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Debt securities | High Yield Asset Backed Securities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [5] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Other | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | 436 | 498 | ||||||||||||||||||
Significant Unobservable Inputs (Level 3) | Other | Commodities | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [6] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Other | Real Estate | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [7] | 0 | 0 | |||||||||||||||||
Significant Unobservable Inputs (Level 3) | Other | Guaranteed deposit | ||||||||||||||||||||
Schedule of Trading Securities and Other Trading Assets [Line Items] | ||||||||||||||||||||
Total Pension Plan Assets | [8] | $ 436 | $ 498 | |||||||||||||||||
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- Definition Defined Benefit Plan, Alternative Investments, Fair Value of Plan Assets No definition available.
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- Definition Defined Benefit Plan, Fair Value of Plan Assets, Excluding Net Asset Value Investments No definition available.
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- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans - Summary of Changes in Fair Value of Level 3 Investments (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | $ 51,940 | ||||||||||
Balance, end of year | 57,746 | $ 51,940 | |||||||||
Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 45,209 | ||||||||||
Balance, end of year | 50,062 | 45,209 | |||||||||
Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 0 | ||||||||||
Balance, end of year | 0 | 0 | |||||||||
Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 498 | 1,286 | |||||||||
Purchases | 2,271 | 2,023 | |||||||||
Transfers in | 1,743 | 1,435 | |||||||||
Disbursements | (4,101) | (4,268) | |||||||||
Investment Income | 25 | 22 | |||||||||
Balance, end of year | 436 | 498 | |||||||||
Investments in equity securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 21,365 | ||||||||||
Balance, end of year | 24,382 | 21,365 | |||||||||
Investments in equity securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 21,365 | ||||||||||
Balance, end of year | 24,382 | 21,365 | |||||||||
Investments in equity securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 0 | ||||||||||
Balance, end of year | 0 | 0 | |||||||||
Investments in equity securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 0 | ||||||||||
Balance, end of year | 0 | 0 | |||||||||
Debt securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 19,594 | ||||||||||
Balance, end of year | 21,226 | 19,594 | |||||||||
Debt securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 19,594 | ||||||||||
Balance, end of year | 21,226 | 19,594 | |||||||||
Debt securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 0 | ||||||||||
Balance, end of year | 0 | 0 | |||||||||
Debt securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | 0 | ||||||||||
Balance, end of year | 0 | 0 | |||||||||
Us Large Cap Equity Securities | Investments in equity securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 4,031 | |||||||||
Balance, end of year | [1] | 4,245 | 4,031 | ||||||||
Us Large Cap Equity Securities | Investments in equity securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 4,031 | |||||||||
Balance, end of year | [1] | 4,245 | 4,031 | ||||||||
Us Large Cap Equity Securities | Investments in equity securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 0 | |||||||||
Balance, end of year | [1] | 0 | 0 | ||||||||
Us Large Cap Equity Securities | Investments in equity securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 0 | |||||||||
Balance, end of year | [1] | 0 | 0 | ||||||||
Us Mid Cap Equity Securities | Investments in equity securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 1,677 | |||||||||
Balance, end of year | [1] | 1,775 | 1,677 | ||||||||
Us Mid Cap Equity Securities | Investments in equity securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 1,677 | |||||||||
Balance, end of year | [1] | 1,775 | 1,677 | ||||||||
Us Mid Cap Equity Securities | Investments in equity securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 0 | |||||||||
Balance, end of year | [1] | 0 | 0 | ||||||||
Us Mid Cap Equity Securities | Investments in equity securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 0 | |||||||||
Balance, end of year | [1] | 0 | 0 | ||||||||
United States Equity Small Cap | Investments in equity securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 845 | |||||||||
Balance, end of year | [1] | 918 | 845 | ||||||||
United States Equity Small Cap | Investments in equity securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 845 | |||||||||
Balance, end of year | [1] | 918 | 845 | ||||||||
United States Equity Small Cap | Investments in equity securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 0 | |||||||||
Balance, end of year | [1] | 0 | 0 | ||||||||
United States Equity Small Cap | Investments in equity securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [1] | 0 | |||||||||
Balance, end of year | [1] | 0 | 0 | ||||||||
International All Cap Equity | Investments in equity securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [2] | 9,574 | |||||||||
Balance, end of year | [2] | 11,916 | 9,574 | ||||||||
International All Cap Equity | Investments in equity securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [2] | 9,574 | |||||||||
Balance, end of year | [2] | 11,916 | 9,574 | ||||||||
International All Cap Equity | Investments in equity securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [2] | 0 | |||||||||
Balance, end of year | [2] | 0 | 0 | ||||||||
International All Cap Equity | Investments in equity securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [2] | 0 | |||||||||
Balance, end of year | [2] | 0 | 0 | ||||||||
Alternative Strategies | Investments in equity securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [3] | 5,238 | |||||||||
Balance, end of year | [3] | 5,528 | 5,238 | ||||||||
Alternative Strategies | Investments in equity securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [3] | 5,238 | |||||||||
Balance, end of year | [3] | 5,528 | 5,238 | ||||||||
Alternative Strategies | Investments in equity securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [3] | 0 | |||||||||
Balance, end of year | [3] | 0 | 0 | ||||||||
Alternative Strategies | Investments in equity securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [3] | 0 | |||||||||
Balance, end of year | [3] | 0 | 0 | ||||||||
High Yield Asset Backed Securities | Debt securities | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [4] | 2,636 | |||||||||
Balance, end of year | [4] | 2,772 | 2,636 | ||||||||
High Yield Asset Backed Securities | Debt securities | Quoted Prices in Active Markets (Level 1) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [4] | 2,636 | |||||||||
Balance, end of year | [4] | 2,772 | 2,636 | ||||||||
High Yield Asset Backed Securities | Debt securities | Significant Other Observable Inputs (Level 2) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [4] | 0 | |||||||||
Balance, end of year | [4] | 0 | 0 | ||||||||
High Yield Asset Backed Securities | Debt securities | Significant Unobservable Inputs (Level 3) | |||||||||||
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward] | |||||||||||
Balance, beginning of year | [4] | 0 | |||||||||
Balance, end of year | [4] | $ 0 | $ 0 | ||||||||
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X | ||||||||||
- Definition Amount of increase (decrease) in plan assets of defined benefit plan from actual return (loss) determined by change in fair value of plan assets adjusted for contributions, benefit payments, and other expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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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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X | ||||||||||
- Definition Amount of decrease in plan assets of defined benefit plan from disposal or classification as held-for-sale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, measured using unobservable inputs, of increase (decrease) in plan assets of defined benefit plan from purchases, sales and settlements. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount, measured using unobservable inputs, of increase (decrease) in plan assets of defined benefit plan, for assets transferred into (out of) Level 3 of fair value hierarchy. Includes, but is not limited to, transfer due to change in observability of significant inputs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Employee Benefit Plans - Component of Net Periodic Pension Cost (Benefit) (Detail) - USD ($) $ in Thousands |
12 Months Ended | |||||
---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
||||
Components of net periodic cost: | ||||||
Interest cost | $ 89 | $ 91 | $ 91 | |||
Amortization of prior service cost | 0 | 0 | 9 | |||
Actuarial (gain) loss | 87 | |||||
Expected Amortization Of Pre Merger Regulatory Asset | 0 | |||||
Amortization of pre-merger regulatory asset | 769 | |||||
Net periodic postretirement cost | $ 176 | $ 178 | $ 199 | |||
Assumptions | ||||||
Discount rate | 3.75% | 3.75% | 3.50% | |||
Defined Benefit Plan, Fair Value of Plan Assets | $ 57,746 | $ 51,940 | ||||
Chesapeake Postretirement Plan | ||||||
Components of net periodic cost: | ||||||
Interest cost | 41 | 43 | $ 42 | |||
Amortization of prior service cost | (77) | (77) | (77) | |||
Actuarial (gain) loss | 53 | 64 | 72 | |||
Net periodic pension cost | 17 | 30 | 37 | |||
Expected Amortization Of Pre Merger Regulatory Asset | 0 | 0 | ||||
Amortization of pre-merger regulatory asset | 0 | |||||
Net periodic postretirement cost | $ 17 | $ 30 | $ 37 | |||
Assumptions | ||||||
Discount rate | 3.75% | 3.75% | 3.50% | |||
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant | $ 118 | $ 90 | ||||
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | 72 | 20 | ||||
Defined Benefit Plan, Benefit Obligation, Benefits Paid | (235) | (174) | ||||
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | $ 0 | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | [1] | 117 | 84 | |||
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant | 118 | 90 | ||||
Defined Benefit Plan, Plan Assets, Benefits Paid | (235) | (174) | ||||
Funded status | (1,128) | (1,132) | ||||
Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits | $ 1,128 | $ 1,132 | ||||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 3.50% | 3.75% | ||||
FPU Medical Plan | ||||||
Components of net periodic cost: | ||||||
Interest cost | $ 50 | $ 55 | 57 | |||
Amortization of prior service cost | 0 | 0 | 0 | |||
Actuarial (gain) loss | 0 | 0 | 0 | |||
Net periodic pension cost | 50 | 55 | 57 | |||
Amortization of pre-merger regulatory asset | 8 | 8 | 8 | |||
Net periodic postretirement cost | $ 58 | $ 63 | $ 65 | |||
Assumptions | ||||||
Discount rate | 4.00% | 4.00% | 3.75% | |||
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant | $ 48 | $ 64 | ||||
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | (48) | (41) | ||||
Defined Benefit Plan, Benefit Obligation, Benefits Paid | (112) | (173) | ||||
Defined Benefit Plan, Fair Value of Plan Assets | 0 | 0 | $ 0 | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | [1] | 64 | 109 | |||
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant | 48 | 64 | ||||
Defined Benefit Plan, Plan Assets, Benefits Paid | (112) | (173) | ||||
Funded status | (1,287) | (1,349) | ||||
Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits | $ 1,287 | $ 1,349 | ||||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 3.75% | 4.00% | ||||
Chesapeake SERP | ||||||
Components of net periodic cost: | ||||||
Interest cost | $ 89 | $ 91 | ||||
Actuarial (gain) loss | 87 | 99 | ||||
Amortization of pre-merger regulatory asset | 0 | |||||
Assumptions | ||||||
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | 63 | (21) | ||||
Defined Benefit Plan, Benefit Obligation, Benefits Paid | (152) | (152) | ||||
Defined Benefit Plan, Plan Assets, Contributions by Employer | 152 | 152 | ||||
Defined Benefit Plan, Plan Assets, Benefits Paid | (152) | (152) | ||||
Funded status | (2,428) | (2,428) | ||||
Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits | $ 2,428 | $ 2,428 | ||||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 3.50% | 3.75% | ||||
Chesapeake Pension Plan | ||||||
Components of net periodic cost: | ||||||
Interest cost | $ 402 | $ 421 | 407 | |||
Expected return on assets | (495) | (501) | (530) | |||
Actuarial (gain) loss | 399 | 459 | 392 | |||
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement | 0 | 161 | ||||
Net periodic pension cost | 306 | 540 | 269 | |||
Amortization of pre-merger regulatory asset | 0 | 0 | 0 | |||
Net periodic postretirement cost | $ 306 | $ 540 | $ 269 | |||
Assumptions | ||||||
Discount rate | 3.75% | 3.75% | 3.50% | |||
Expected return on plan assets | 6.00% | 6.00% | 6.00% | |||
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | $ 454 | $ 330 | ||||
Defined Benefit Plan, Benefit Obligation, Benefits Paid | (768) | (464) | ||||
Defined Benefit Plan, Fair Value of Plan Assets | 9,350 | 8,668 | $ 8,752 | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | 306 | 389 | ||||
Defined Benefit Plan, Plan Assets, Benefits Paid | (768) | (464) | ||||
Funded status | (2,093) | (2,687) | ||||
Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits | $ 2,093 | $ 2,687 | ||||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 3.50% | 3.75% | ||||
FPU Pension Plan | ||||||
Components of net periodic cost: | ||||||
Interest cost | $ 2,482 | $ 2,525 | 2,504 | |||
Expected return on assets | (2,779) | (2,702) | (3,107) | |||
Actuarial (gain) loss | 513 | 519 | 456 | |||
Net periodic pension cost | 216 | 342 | (147) | |||
Amortization of pre-merger regulatory asset | 761 | 761 | 761 | |||
Net periodic postretirement cost | $ 977 | $ 1,103 | $ 614 | |||
Assumptions | ||||||
Discount rate | 4.00% | 4.00% | 3.75% | |||
Expected return on plan assets | 6.50% | 6.50% | 7.00% | |||
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss) | $ 1,199 | $ (216) | ||||
Defined Benefit Plan, Benefit Obligation, Benefits Paid | (2,849) | (2,912) | ||||
Defined Benefit Plan, Fair Value of Plan Assets | 48,396 | 43,272 | $ 42,207 | |||
Defined Benefit Plan, Plan Assets, Contributions by Employer | 1,948 | 1,634 | ||||
Defined Benefit Plan, Plan Assets, Benefits Paid | (2,849) | (2,912) | ||||
Funded status | (16,268) | (20,560) | ||||
Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits | $ 16,268 | $ 20,560 | ||||
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate | 3.75% | 4.00% | ||||
|
X | ||||||||||
- Definition Amortization of pre-merger regulatory asset. No definition available.
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X | ||||||||||
- Definition Defined Benefit Plan Accrued Pension Costs Accrued Expenses Employment Benefits No definition available.
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X | ||||||||||
- Definition Expected amortization of pre merger regulatory asset. No definition available.
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X | ||||||||||
- Definition Net periodic cost benefit. No definition available.
|
X | ||||||||||
- Definition Amount of gain (loss) from change in actuarial assumptions which (increases) decreases benefit obligation of defined benefit plan. Assumptions include, but are not limited to, interest, mortality, employee turnover, salary, and temporary deviation from substantive plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of prior service cost (credit) recognized in net periodic benefit cost (credit) of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine benefit obligation of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Weighted average rate for present value of future retirement benefits cash flows, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Weighted average rate of return on plan assets, reflecting average rate of earnings expected on existing plan assets and expected contributions, used to determine net periodic benefit cost of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of payment to participant of defined benefit plan which decreases benefit obligation. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of contributions received by defined benefit plan from participant which increase benefit obligation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of contribution received by defined benefit plan from employer which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount included in accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan expected to be recognized in net periodic benefit (cost) credit for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of expected return (loss) recognized in net periodic benefit (cost) credit, calculated based on expected long-term rate of return and market-related value of plan assets of defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Fair value of assets that have been segregated and restricted to provide pension or postretirement benefits. Assets include, but are not limited to, stocks, bonds, other investments, earnings from investments, and contributions by the employer and employees. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cost recognized for passage of time related to defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of net periodic benefit cost (credit) for defined benefit plan. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- References No definition available.
|
X | ||||||||||
- Definition Amount of payment to participant under defined benefit plan which decreases plan assets. For pension plan, payment includes, but is not limited to, pension benefits and death benefits. For other postretirement plan, payment includes, but is not limited to, prescription drug benefits, health care benefits, life insurance benefits, and legal, educational and advisory services. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of contributions received by defined benefit plan from participant which increases plan assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of gain (loss) recognized in net periodic benefit (cost) credit from irrevocable action relieving primary responsibility for benefit obligation and eliminating risk related to obligation and assets used to effect settlement. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- References No definition available.
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Employee Benefit Plans - Amounts in Accumulated Other Comprehensive Income/Loss and Regulatory Asset (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Defined Benefit Plan Disclosure [Line Items] | |||
Prior service cost (credit) | $ (77) | ||
Net loss | 944 | ||
Amortization of pre-merger regulatory asset | 769 | ||
Chesapeake Pension Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Prior service cost (credit) | 0 | ||
Net loss | 351 | ||
Amortization of pre-merger regulatory asset | 0 | $ 0 | $ 0 |
FPU Pension Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Prior service cost (credit) | 0 | ||
Net loss | 434 | ||
Amortization of pre-merger regulatory asset | 761 | 761 | 761 |
Chesapeake SERP | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Prior service cost (credit) | 0 | ||
Net loss | 101 | ||
Amortization of pre-merger regulatory asset | 0 | ||
Chesapeake Postretirement Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Prior service cost (credit) | (77) | ||
Net loss | 58 | ||
Amortization of pre-merger regulatory asset | 0 | ||
FPU Medical Plan | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Prior service cost (credit) | 0 | ||
Net loss | 0 | ||
Amortization of pre-merger regulatory asset | $ 8 | $ 8 | $ 8 |
X | ||||||||||
- Definition Amortization of pre-merger regulatory asset. No definition available.
|
X | ||||||||||
- Definition Amount, after tax, of accumulated other comprehensive income (loss) for gain (loss) of defined benefit plan, that has not been recognized in net periodic benefit (cost) credit. 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 included in accumulated other comprehensive (income) loss for prior service cost (credit) expected to be recognized in net periodic benefit cost (credit) for fiscal year following most recent annual statement of financial position. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Employee Benefit Plans - Schedule of Estimated Future Benefit Payments (Detail) $ in Thousands |
Dec. 31, 2017
USD ($)
|
|||||
---|---|---|---|---|---|---|
Chesapeake Pension Plan | ||||||
Defined Benefit Plan, Expected Future Benefit Payments, Maturity [Line Items] | ||||||
2017 | $ 687 | [1] | ||||
2018 | 490 | [1] | ||||
2019 | 675 | [1] | ||||
2020 | 779 | [1] | ||||
2021 | 592 | [1] | ||||
Years 2022 through 2026 | 5,278 | [1] | ||||
FPU Pension Plan | ||||||
Defined Benefit Plan, Expected Future Benefit Payments, Maturity [Line Items] | ||||||
2017 | 3,078 | [1] | ||||
2018 | 3,207 | [1] | ||||
2019 | 3,304 | [1] | ||||
2020 | 3,362 | [1] | ||||
2021 | 3,536 | [1] | ||||
Years 2022 through 2026 | 18,608 | [1] | ||||
Chesapeake SERP | ||||||
Defined Benefit Plan, Expected Future Benefit Payments, Maturity [Line Items] | ||||||
2017 | 151 | [2] | ||||
2018 | 150 | [2] | ||||
2019 | 149 | [2] | ||||
2020 | 385 | [2] | ||||
2021 | 146 | [2] | ||||
Years 2022 through 2026 | 738 | [2] | ||||
Chesapeake Postretirement Plan | ||||||
Defined Benefit Plan, Expected Future Benefit Payments, Maturity [Line Items] | ||||||
2017 | 97 | [2] | ||||
2018 | 96 | [2] | ||||
2019 | 85 | [2] | ||||
2020 | 82 | [2] | ||||
2021 | 81 | [2] | ||||
Years 2022 through 2026 | 290 | [2] | ||||
FPU Medical Plan | ||||||
Defined Benefit Plan, Expected Future Benefit Payments, Maturity [Line Items] | ||||||
2017 | 88 | [2] | ||||
2018 | 94 | [2] | ||||
2019 | 87 | [2] | ||||
2020 | 91 | [2] | ||||
2021 | 93 | [2] | ||||
Years 2022 through 2026 | $ 404 | [2] | ||||
|
X | ||||||||||
- Definition Defined Benefit Plan, Expected Future Benefit Payments, Maturity Line Items No definition available.
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in five fiscal years after fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in next fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in fifth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in fourth fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in third fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of benefits for defined benefit plan expected to be paid in second fiscal year following latest fiscal year. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Employee Benefit Plans Employee benefit plans phantoms (Details) - USD ($) $ in Thousands |
Dec. 31, 2017 |
Dec. 31, 2016 |
---|---|---|
Chesapeake Pension Plan [Member] | ||
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items] | ||
Funded status | $ (2,093) | $ (2,687) |
X | ||||||||||
- Definition Amount of funded (unfunded) status of defined benefit plan, measured as difference between fair value of plan assets and benefit obligation. Includes, but is not limited to, overfunded (underfunded) status. 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
|
Share-Based Compensation - Additional Information (Detail) - USD ($) $ / shares in Units, $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Unrecognized compensation expense related to the awards to Non employee directors | $ 2,278 | ||
Shares reserved for issuance | 831,183 | ||
Number of Shares, Granted | 835 | ||
Payments of employees' tax obligations to taxing authorities | $ 692 | $ 770 | $ 592 |
SICP Awards to Non-employee directors | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 71.80 | $ 62.90 | |
Amortization of expense equally over a service period | 1 year | ||
Unrecognized compensation expense related to the awards to Non employee directors | $ 179 | ||
Number of Shares, Granted | 7,515 | 8,577 | |
Weighted average grant-date fair value of awards granted | $ 62.90 | $ 45.54 | |
SICP Awards to Key Employees | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ 38.88 | $ 31.79 | |
Number of Shares, Granted | 52,355 | 46,571 | |
Number of shares withheld | 10,269 | 12,031 | 12,620 |
Payments of employees' tax obligations to taxing authorities | $ 692 | $ 770 | $ 592 |
Weighted average grant-date fair value of awards granted | $ 63.42 | $ 67.90 | $ 47.65 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested | $ 10,400 | $ 7,700 | $ 6,300 |
Additional Paid-In Capital [Member] | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Adjustments to Additional Paid in Capital, Income Tax Benefit from Share-based Compensation | $ (349) | $ 285 | $ 297 |
Stock and Incentive Compensation Plan | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Shares reserved for issuance | 509,202 |
X | ||||||||||
- Definition Period for amortization of share based expenses. No definition available.
|
X | ||||||||||
- Definition Amount of increase in additional paid in capital (APIC) resulting from a tax benefit associated with share-based compensation plan other than an employee stock ownership plan (ESOP). Includes, but is not limited to, excess tax benefit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Aggregate number of common shares reserved for future issuance. 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. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of cash outflow to satisfy an employee's income tax withholding obligation as part of a net-share settlement of a share-based award. 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 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 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 | ||||||||||
- 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 | ||||||||||
- 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 | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Share-Based Compensation Plans - Share-Based Compensation Amounts Included in Net Income (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Total compensation expense | $ 2,490 | $ 2,367 | $ 1,937 |
Less: tax benefit | (1,003) | (952) | (780) |
Share-Based Compensation amounts included in net income | 1,487 | 1,415 | 1,157 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 2,278 | ||
SICP Awards to Non-employee directors | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Total compensation expense | 540 | 580 | 640 |
Employee Service Share-based Compensation, Nonvested Awards, Compensation Not yet Recognized, Share-based Awards Other than Options | 179 | ||
SICP Awards to Key Employees | |||
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] | |||
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Aggregate Intrinsic Value, Nonvested | 10,400 | 7,700 | 6,300 |
Total compensation expense | $ 1,950 | $ 1,787 | $ 1,297 |
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 Unrecognized cost of unvested share-based awards, other than options, awarded to employees as compensation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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 | ||||||||||
- Definition Intrinsic value of equity-based compensation awards not vested. Excludes stock and unit options. No definition available.
|
X | ||||||||||
- Details
|
X | ||||||||||
- Details
|
Share-Based Compensation Plans - Summary of Stock Activity Non-employee directors (Detail) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Number of Shares, Granted | 835 | ||
SICP Awards to Non-employee directors | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Number of Shares, Outstanding Beginning Balance | 0 | 0 | |
Number of Shares, Granted | 7,515 | 8,577 | |
Number of Shares, Vested | (7,515) | (8,577) | |
Number of Shares, Outstanding Ending Balance | 0 | 0 | 0 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted Average Grant Date Fair Value, Outstanding Beginning Balance | $ 0.00 | $ 0.00 | |
Weighted Average Grant Date Fair Value, Granted | 62.90 | $ 45.54 | |
Weighted Average Grant Date Fair Value, Vested | 71.80 | 62.90 | |
Weighted Average Grant Date Fair Value, Outstanding Ending Balance | $ 0.00 | $ 0.00 | $ 0.00 |
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 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 | ||||||||||
- 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 | ||||||||||
- Details
|
Share-Based Compensation Plans - Summary of Stock Activity under SICP - Key employees (Detail) - $ / shares |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Number of Shares, Granted | 835 | ||
SICP Awards to Key Employees | |||
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward] | |||
Number of Shares, Outstanding Beginning Balance | 115,091 | 110,398 | |
Number of Shares, Granted | 52,355 | 46,571 | |
Number of Shares, Vested | (32,926) | (39,553) | |
Number of Shares, Expired | 1,878 | (2,325) | |
Number of Shares, Outstanding Ending Balance | 132,642 | 115,091 | 110,398 |
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value [Abstract] | |||
Weighted Average Grant Date Fair Value, Outstanding Beginning Balance | $ 51.85 | $ 38.34 | |
Weighted Average Grant Date Fair Value, Granted | 63.42 | 67.90 | $ 47.65 |
Weighted Average Grant Date Fair Value, Vested | 38.88 | 31.79 | |
Weighted Average Grant Date Fair Value, Expired | 39.97 | 42.25 | |
Weighted Average Grant Date Fair Value, Outstanding Ending Balance | $ 53.00 | $ 51.85 | $ 38.34 |
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 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 | ||||||||||
- 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 | ||||||||||
- Details
|
Rates and Other Regulatory Activities - Additional Information (Detail) $ in Thousands |
1 Months Ended | 3 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Feb. 02, 2017
USD ($)
|
Jan. 31, 2017
USD ($)
|
Dec. 31, 2017
USD ($)
mi
|
Sep. 30, 2017
USD ($)
|
Jun. 30, 2017
USD ($)
mi
|
Mar. 31, 2017
USD ($)
|
Dec. 31, 2016
USD ($)
|
Sep. 30, 2016
USD ($)
|
Jun. 30, 2016
USD ($)
|
Mar. 31, 2016
USD ($)
|
Jun. 30, 2017
USD ($)
mi
|
Dec. 31, 2017
USD ($)
dekatherm / d
unit
mi
in
|
Dec. 31, 2016
USD ($)
|
Dec. 31, 2015
USD ($)
|
|
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Restricted Payment | $ 178,000 | $ 178,000 | ||||||||||||
Regulatory Assets | 86,505 | $ 84,497 | 86,505 | $ 84,497 | ||||||||||
Revenues | 180,403 | $ 126,936 | $ 125,084 | $ 185,160 | $ 141,874 | $ 108,348 | $ 102,342 | $ 146,296 | 617,583 | $ 498,860 | $ 459,244 | |||
Electric distribution | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Amount of Regulatory Costs Not yet Approved | $ 15,200 | 15,200 | ||||||||||||
DELAWARE | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Public Utilities, Approved Rate Increase (Decrease), Amount | $ 2,250 | |||||||||||||
Florida Public Utilities Company [Member] | New Smyrna Beach [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Length of Natural Gas Pipeline | mi | 14.0 | |||||||||||||
Florida Public Utilities Company [Member] | Northwest Florida Expansion [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Lateral Diameter Of Pipeline To Be Installed | in | 8 | |||||||||||||
Diameter of pipe to be installed in the future | mi | 12.0 | 12.0 | ||||||||||||
Florida | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Estimated capital costs of project | $ 59,800 | |||||||||||||
Number Of Years In Project | 5 years | |||||||||||||
Florida | New Smyrna Beach [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
number of customers | 2 | |||||||||||||
Florida | Belvedere Project [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Length of Natural Gas Pipeline | mi | 2.0 | |||||||||||||
Eastern Shore Gas Company | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Public Utilities, Approved Rate Increase (Decrease), Amount | $ 9,800 | |||||||||||||
Cost of Services | $ 60,000 | |||||||||||||
Public Utilities, Requested Rate Increase (Decrease), Amount | $ 18,900 | |||||||||||||
Public Utilities, Requested Return on Equity, Percentage | 13.75% | |||||||||||||
Number of Months Rates Suspended | 5 months | |||||||||||||
Increase in Revenue Recognized Due to Motion Rate in Effect | $ 3,700 | 3,700 | ||||||||||||
Eastern Shore Gas Company | White Oak Lateral Mainline Expansion [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Estimated capital costs of project | $ 42,000 | |||||||||||||
Lateral Diameter Of Pipeline To Be Installed | in | 16 | |||||||||||||
Volume The Expansion Project Is Expected to Provide | dekatherm / d | 45,000 | |||||||||||||
Miles Of Natural Gas Pipeline | mi | 5.4 | 5.4 | ||||||||||||
Eastern Shore Gas Company | System Reliability Project [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Number of Pipeline Miles | mi | 10.1 | 10.1 | ||||||||||||
Estimated capital costs of project | $ 38,000 | |||||||||||||
Lateral Diameter Of Pipeline To Be Installed | in | 16 | |||||||||||||
Eastern Shore Gas Company | 2017 Expansion Project [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
firm natural gas transportation deliverability | dekatherm / d | 61,162 | |||||||||||||
Additional Firm Natural Gas Transportation Deliverability | dekatherm / d | 52,500 | |||||||||||||
Number of Pipeline Miles | mi | 23 | 23 | ||||||||||||
Estimated capital costs of project | $ 117,000 | |||||||||||||
Miles Of Natural Gas Pipeline | mi | 17 | 17 | ||||||||||||
Pressure Control Stations | 2 | |||||||||||||
Florida Public Utilities Company [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Restricted Payment | $ 2,500 | $ 2,500 | ||||||||||||
Business Acquisition Premium Paid | $ 34,200 | $ 34,200 | ||||||||||||
Subscribers [Member] | Eastern Shore Gas Company | 2017 Expansion Project [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
number of customers | 7 | |||||||||||||
Number of affiliates | unit | 3 | |||||||||||||
12 inches [Member] | Florida Public Utilities Company [Member] | Northwest Florida Expansion [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Length of Natural Gas Pipeline | mi | 33.0 | |||||||||||||
8 inches [Member] | Florida Public Utilities Company [Member] | Northwest Florida Expansion [Member] | ||||||||||||||
Rates and Other Regulatory Activities [Line Items] | ||||||||||||||
Length of Natural Gas Pipeline | mi | 8.0 |
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- Definition Additional Firm Natural Gas Transportation Deliverability No definition available.
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- Definition Business Acquisition Premium Paid No definition available.
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- Definition cpk_NumberOfYearsInProject No definition available.
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- Definition Diameter of pipe to be installed in the future No definition available.
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- Definition Estimated Capital Cost No definition available.
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- Definition firm natural gas transportation deliverability No definition available.
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- Definition Increase in Revenue Recognized Due to Motion Rate in Effect No definition available.
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- Definition Lateral Diameter Of Pipeline To Be Installed No definition available.
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- Definition Length of Natural Gas Pipeline No definition available.
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- Definition Miles Of Natural Gas Pipeline No definition available.
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- Definition Number of Months Rates Suspended No definition available.
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- Definition Number of Pipeline Miles No definition available.
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- Definition Number of affiliates No definition available.
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- Definition number of customers No definition available.
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- Definition Pressure Control Stations No definition available.
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- Definition Rates and Other Regulatory Activities [Line Items] No definition available.
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- Definition Restricted Payment No definition available.
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- Definition Volume The Expansion Project Is Expected to Provide No definition available.
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- Definition Amount of regulatory costs not yet approved by the regulatory authority. No definition available.
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- Definition Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of public utility's approved rate increase (decrease) by regulatory agency. No definition available.
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- Definition Amount of public utility's requested rate increase (decrease) with regulatory agency. No definition available.
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- Definition Percentage of public utility's requested return on equity. No definition available.
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- 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
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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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Rates and Other Regulatory Activities Regulatory Assets and Liabilities (Details) - USD ($) $ in Thousands |
12 Months Ended | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | $ 86,505 | $ 84,497 | |||||||||||||||||||
Regulatory Liabilities | 147,463 | 44,355 | |||||||||||||||||||
Deferred Federal Income Tax Expense (Benefit) | [1] | 98,492 | 0 | ||||||||||||||||||
Self Insured Liabilities [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Liabilities | [2] | 1,013 | 987 | ||||||||||||||||||
Overrecovered Gas And Fuel Costs [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Liabilities | [3] | 2,048 | 808 | ||||||||||||||||||
Storm Reserve [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Liabilities | [2] | 669 | 2,310 | ||||||||||||||||||
Accrued asset removal cost | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Liabilities | [4] | 40,948 | 39,826 | ||||||||||||||||||
Other Regulatory Liability [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Liabilities | 2,048 | 424 | |||||||||||||||||||
Underrecovered Gas And Fuel Costs [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [3] | 9,869 | 5,703 | ||||||||||||||||||
Under-recovered GRIP Revenue [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [5] | 164 | 1,469 | ||||||||||||||||||
Regulatory Liabilities | [5] | 2,245 | 0 | ||||||||||||||||||
Deferred Post Retirement Benefits [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [6] | 15,498 | 18,379 | ||||||||||||||||||
Deferred Conversion And Development Costs [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [3] | 11,735 | 8,051 | ||||||||||||||||||
Environmental Regulatory Assets And Expenditures [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [7] | 3,222 | 3,694 | ||||||||||||||||||
Acquisition Adjustment [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [8] | 39,992 | 41,864 | ||||||||||||||||||
Loss on Reacquired Debt [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | [9] | 1,031 | 1,145 | ||||||||||||||||||
Other Regulatory Asset [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Regulatory Assets | 4,994 | $ 4,192 | |||||||||||||||||||
Florida Public Utilities Company [Member] | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Business Acquisition Premium Paid | 34,200 | ||||||||||||||||||||
Indiantown Gas Company | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Business Acquisition Premium Paid | 746 | ||||||||||||||||||||
FPU Pension Plan | |||||||||||||||||||||
Rates and Other Regulatory Activities [Line Items] | |||||||||||||||||||||
Merger Related Costs Allowed To Be Recovered In Future Rates | $ 1,300 | ||||||||||||||||||||
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- Definition Business Acquisition Premium Paid No definition available.
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- Definition Merger related costs allowed to be recovered in future rates. No definition available.
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- Definition Rates and Other Regulatory Activities [Line Items] No definition available.
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- Definition Amount of deferred federal income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition The amount for the individual regulatory liability as itemized in a table of regulatory liabilities as of the end of the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Environmental Commitments and Contingencies - Additional Information (Detail) |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017
USD ($)
site
|
Dec. 31, 2016
USD ($)
|
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 | $ 8,263,000 | $ 8,592,000 | |
Amount paid for funding requirements | 329,000 | $ 350,000 | $ 174,000 |
West Palm Beach Florida | Maximum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Exit Costs, Reasonably Possible Additional Loss | 15,400,000 | ||
West Palm Beach Florida | Minimum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Exit Costs, Reasonably Possible Additional Loss | 4,500,000 | ||
Winter Haven Florida | Maximum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Remediation Expense | 425,000 | ||
Seaford | Maximum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Exit Costs, Reasonably Possible Additional Loss | 465,000 | ||
Seaford | Minimum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Exit Costs, Reasonably Possible Additional Loss | 273,000 | ||
FPU | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental liabilities | 9,600,000 | ||
Approval of recovery of environmental costs | 14,000,000 | ||
Environmental costs recovered | 11,000,000 | ||
FPU | Manufactured Gas Plant | |||
Environmental Commitments And Contingencies [Line Items] | |||
Regulatory assets for future recovery of environmental costs | $ 3,000,000 | ||
FPU | Sanford Florida | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental remediation expense percent | 5.00% | ||
Environmental Remediation Expense | $ 24,000 | ||
Number of Years to ensure remedy | 5 | ||
FPU | Sanford Florida | Maximum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Exit Costs, Reasonably Possible Additional Loss | $ 13,000,000 | ||
FPU | Sanford Florida | Minimum | |||
Environmental Commitments And Contingencies [Line Items] | |||
Environmental Exit Costs, Reasonably Possible Additional Loss | $ 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.
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- Definition Maximum amount of environmental costs that can be recovered from insurance and customers. No definition available.
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X | ||||||||||
- Definition Number of Years to ensure remedy No definition available.
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- Definition Percentage of share in remediation costs. No definition available.
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- Definition Regulatory assets related to environmental costs. No definition available.
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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
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- Definition Amount of any recovery from third parties that is credited to environmental remediation costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- 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
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- Definition Cash outflows made during the period for environmental remediation activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Other Commitments and Contingencies - Additional Information (Detail) gal in Millions, $ in Millions |
1 Months Ended | 12 Months Ended |
---|---|---|
May 31, 2013 |
Dec. 31, 2017
USD ($)
gal
|
|
Subsequent Event [Line Items] | ||
Intercompany Agreements, Description | 3 | |
Number Of Years To Purchase Propane Under Contract | 6 years | |
Annual Estimate Of Volume Of Propane To Be Purchased | gal | 2.7 | |
Debt Service Coverage Ratio | 1.25 | |
Time to cure ratio | 5 days | |
Ratio based on average number of prior quarters | 6 | |
Funds from operations interest coverage ratio minimum times | 2 | |
Total debt to capital maximum | 65 | |
Number Of Years to Collect Benefits | 20 years | |
Total purchase obligations for 2018 | $ 152.9 | |
Total purchase obligations for 2019 - 2020 | 122.8 | |
Total purchase obligations for 2021 - 2022 | 44.6 | |
Total purchase obligations thereafter | 149.6 | |
Maximum authorized liability under such guarantees and letters of credit | 95.0 | |
Aggregate guaranteed amount | 72.0 | |
Amount of letter of credit to our current primary insurance company | $ 5.0 |
X | ||||||||||
- Definition Annual Estimate Of Volume Of Propane To Be Purchased No definition available.
|
X | ||||||||||
- Definition Debt Service Coverage Ratio 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 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 Number Of Years to Collect Benefits No definition available.
|
X | ||||||||||
- Definition Ratio based on average number of prior quarters No definition available.
|
X | ||||||||||
- Definition Standby Letters Of Credit No definition available.
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- 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
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- Definition Description of product support, consulting, business, or other advisory service agreements entered into between the managing member or general partner and the LLC or LP, affiliate of the managing member or general partner, or affiliate of the LLC or LP. Includes a description of the key provisions of such agreements and the amount of compensation for such services during the accounting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
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- Definition Minimum amount of purchase arrangement maturing after the fifth fiscal year following the latest fiscal year. Includes, but not limited to, recorded and unrecorded purchase obligations, long-term purchase commitments, and short-term purchase commitments. No definition available.
|
X | ||||||||||
- Definition Minimum amount of purchase arrangement maturing in the fourth and fifth fiscal years following the latest fiscal year. Includes, but not limited to, recorded and unrecorded purchase obligations, long-term purchase commitments, and short-term purchase commitments. No definition available.
|
X | ||||||||||
- Definition Minimum amount of purchase arrangement maturing in the next fiscal year following the latest fiscal year. Includes, but not limited to, recorded and unrecorded purchase obligations, long-term purchase commitments, and short-term purchase commitments. No definition available.
|
X | ||||||||||
- Definition Minimum amount of purchase arrangement maturing in the second and third fiscal years following the latest fiscal year. Includes, but not limited to, recorded and unrecorded purchase obligations, long-term purchase commitments, and short-term purchase commitments. No definition available.
|
X | ||||||||||
- Definition Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event. No definition available.
|
Quarterly Financial Data - Schedule of Quarterly Financial Information (Detail) - USD ($) $ / shares in Units, $ in Thousands |
3 Months Ended | 12 Months Ended | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2017 |
Sep. 30, 2017 |
Jun. 30, 2017 |
Mar. 31, 2017 |
Dec. 31, 2016 |
Sep. 30, 2016 |
Jun. 30, 2016 |
Mar. 31, 2016 |
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Disclosure Quarterly Financial Data Schedule Of Quarterly Financial Information [Abstract] | |||||||||||
Revenues | $ 180,403 | $ 126,936 | $ 125,084 | $ 185,160 | $ 141,874 | $ 108,348 | $ 102,342 | $ 146,296 | $ 617,583 | $ 498,860 | $ 459,244 |
Operating Income | 23,263 | 14,239 | 13,666 | 34,676 | 21,819 | 10,156 | 15,742 | 36,380 | 85,843 | 84,096 | 77,758 |
Net Income | $ 26,101 | $ 6,833 | $ 6,046 | $ 19,144 | $ 11,863 | $ 4,416 | $ 8,029 | $ 20,367 | $ 58,124 | $ 44,675 | $ 41,140 |
Earnings per share: | |||||||||||
Basic (in usd per share) | $ 1.60 | $ 0.42 | $ 0.37 | $ 1.17 | $ 0.73 | $ 0.29 | $ 0.52 | $ 1.33 | $ 3.56 | $ 2.87 | $ 2.73 |
Diluted (in usd per share) | $ 1.59 | $ 0.42 | $ 0.37 | $ 1.17 | $ 0.73 | $ 0.29 | $ 0.52 | $ 1.33 | $ 3.55 | $ 2.86 | $ 2.72 |
X | ||||||||||
- Definition Disclosure - Quarterly Financial Data - Schedule of Quarterly Financial Information [Abstract] No definition available.
|
X | ||||||||||
- References 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 | ||||||||||
- 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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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 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
|
Schedule II - Valuation and Qualifying Accounts (Detail) - USD ($) $ in Thousands |
12 Months Ended | ||
---|---|---|---|
Dec. 31, 2017 |
Dec. 31, 2016 |
Dec. 31, 2015 |
|
Movement in Valuation Allowances and Reserves [Roll Forward] | |||
Balance at Beginning of Year | $ 909 | $ 909 | $ 1,120 |
Additions, Charged to Income | 602 | 985 | 979 |
Additions, Other Accounts | 337 | 340 | 246 |
Deductions | (912) | (1,325) | (1,436) |
Balance at End of Year | $ 936 | $ 909 | $ 909 |
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 Total of allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs. Reference 1: http://www.xbrl.org/2003/role/presentationRef
|
X | ||||||||||
- Definition Amount of increase in the allowances and reserves, which consist of the valuation and qualifying accounts that are either netted against the cost of an asset or that reflect a liability established to represent expected future costs, from charges to costs and expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition Amount of increase in the allowances and reserves, which consist of the valuation and qualifying accounts that are either netted against the cost of an asset or that reflect a liability established to represent expected future costs, from charges to accounts other than costs and expenses. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Total of the deductions in a given period to allowances and reserves, the valuation and qualifying accounts that are either netted against the cost of an asset (in order to value it at its carrying value) or that reflect a liability established to represent expected future costs, representing receivables written off as uncollectible and portions of the reserves utilized, respectively. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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