Essential Utilities (WTRG) 10-Q 6 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Jul. 24, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Registrant Name	AQUA AMERICA INC
Entity Central Index Key	78,128
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		176,805,350

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Property, plant and equipment, at cost	$ 5,879,250	$ 5,707,017
Less: accumulated depreciation	1,356,963	1,305,027
Net property, plant and equipment	4,522,287	4,401,990
Current assets:
Cash and cash equivalents	4,615	4,138
Accounts receivable and unbilled revenues, net	109,478	96,999
Deferred income taxes	35,207	26,849
Inventory, materials and supplies	13,589	12,788
Prepayments and other current assets	12,471	11,748
Total current assets	175,360	152,522
Regulatory assets	771,561	725,591
Deferred charges and other assets, net	54,577	52,084
Investment in joint venture	42,536	43,334
Funds restricted for construction activity	15	47
Goodwill	33,942	31,184
Total assets	5,600,278	5,406,752
Aqua America stockholders' equity:
Common stock at $.50 par value, authorized 300,000,000 shares, issued 179,102,369 and 178,591,254 as of June 30, 2015 and December 31, 2014	89,551	89,296
Capital in excess of par value	766,067	758,145
Retained earnings	897,261	849,952
Treasury stock, at cost, 2,145,974 and 1,837,984 shares as of June 30, 2015 and December 31, 2014	(50,795)	(42,838)
Accumulated other comprehensive income	843	788
Total Aqua America stockholders' equity	1,702,927	1,655,343
Noncontrolling interest		40
Total equity	1,702,927	1,655,383
Long-term debt, excluding current portion	$ 1,660,526	$ 1,560,655
Commitments and contingencies (See Note 13)
Current liabilities:
Current portion of long-term debt	$ 38,503	$ 58,615
Loans payable	36,306	18,398
Accounts payable	47,510	63,035
Accrued interest	13,077	12,437
Accrued taxes	25,261	31,462
Other accrued liabilities	42,738	41,388
Total current liabilities	203,395	225,335
Deferred credits and other liabilities:
Deferred income taxes and investment tax credits	1,079,678	1,000,791
Customers' advances for construction	84,037	78,301
Regulatory liabilities	269,200	278,317
Other	94,933	109,692
Total deferred credits and other liabilities	1,527,848	1,467,101
Contributions in aid of construction	505,582	498,278
Total liabilities and equity	$ 5,600,278	$ 5,406,752

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Consolidated Balance Sheets [Abstract]
Common stock, par value	$ 0.5	$ 0.5
Common stock, shares authorized	300,000,000	300,000,000
Common stock, shares issued	179,102.369	178,591,254
Treasury stock, shares	2,145,974	1,837,984

Consolidated Statements Of Net

Consolidated Statements Of Net Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements Of Net Income [Abstract]
Operating revenues	$ 205,760	$ 195,307	$ 396,086	$ 377,979
Operating expenses:
Operations and maintenance	79,746	70,375	152,935	142,061
Depreciation	31,049	31,226	61,549	62,207
Amortization	924	746	1,773	1,879
Taxes other than income taxes	13,795	13,026	28,416	25,128
Total operating expenses	125,514	115,373	244,673	231,275
Operating income	80,246	79,934	151,413	146,704
Other expense (income):
Interest expense, net	18,900	19,093	37,565	38,403
Allowance for funds used during construction	(1,040)	(937)	(2,222)	(2,104)
(Gain) loss on sale of other assets	1	(140)	(168)	208
Equity loss in joint venture	84	1,251	798	1,937
Income from continuing operations before income taxes	62,301	60,667	115,440	108,260
Provision for income taxes	4,919	5,849	9,513	11,041
Income from continuing operations	57,382	54,818	105,927	97,219
Discontinued operations:
Income from discontinued operations before income taxes		1,253		2,025
Provision for income taxes		502		816
Income from discontinued operations		751		1,209
Net income attributable to common shareholders	$ 57,382	$ 55,569	$ 105,927	$ 98,428
Income from continuing operations per share:
Basic	$ 0.32	$ 0.31	$ 0.60	$ 0.55
Diluted	0.32	0.31	0.60	0.55
Income from discontinued operations per share:
Basic		0		0.01
Diluted		0		0.01
Net income per common share:
Basic	0.32	0.31	0.60	0.56
Diluted	$ 0.32	$ 0.31	$ 0.60	$ 0.55
Average common shares outstanding during the period:
Basic	177,084	177,058	176,987	176,949
Diluted	177,913	178,012	177,818	177,868
Cash dividends declared per common share	$ 0.165	$ 0.152	$ 0.330	$ 0.304

Consolidated Statements Of Comp

Consolidated Statements Of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
Net income attributable to common shareholders	$ 57,382	$ 55,569	$ 105,927	$ 98,428
Other comprehensive income, net of tax:
Unrealized holding (loss) gain on investments, net of tax (benefit) expense of $(11) and $68 for the three months and $29 and $106 for the six months ended June 30, 2015 and 2014, respectively	$ (21)	$ 126	$ 55	198
Reclassification adjustment for loss reported in net income, net of tax benefit of $134 for the six months ended June 30, 2014				249	[1]
Comprehensive income	$ 57,361	$ 55,695	$ 105,982	$ 98,875
[1]	Amount of pre-tax loss of $383 reclassified from accumulated other comprehensive income to loss on sale of other assets on the consolidated statements of net income for the six months ended June 30, 2014.

Consolidated Statements Of Com6

Consolidated Statements Of Comprehensive Income (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements Of Comprehensive Income [Abstract]
Income taxes arising from net unrealized holding gain on investments	$ (11)	$ 68	$ 29	$ 106
Income tax benefit arising from reclassification adjustment for loss reported in net income				134
Pre-tax loss of reclassification adjustment for loss reported in net income				$ 383

Consolidated Statements Of Capi

Consolidated Statements Of Capitalization - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Aqua America stockholders' equity:
Common stock, $.50 par value	$ 89,551	$ 89,296
Capital in excess of par value	766,067	758,145
Retained earnings	897,261	849,952
Accumulated other comprehensive income	843	788
Total Aqua America stockholders' equity	1,702,927	1,655,343
Noncontrolling interest		40
Total equity	1,702,927	1,655,383
Long-term debt:
Long-term debt	1,092,923	1,115,322
Notes payable to bank under revolving credit agreement, variable rate, due 2017	72,158	72,000
Total long-term debt	1,699,029	1,619,270
Current portion of long-term debt	38,503	58,615
Long-term debt, excluding current portion	1,660,526	1,560,655
Total capitalization	3,363,453	3,216,038
Long-Term Debt Of Subsidiaries 0.00% To 0.99% [Member]
Long-term debt:
Debt instrument principal outstanding	5,288	5,653
Long-Term Debt Of Subsidiaries 1.00% To 1.99% [Member]
Long-term debt:
Debt instrument principal outstanding	23,926	24,871
Long-Term Debt Of Subsidiaries 2.00% To 2.99% [Member]
Long-term debt:
Debt instrument principal outstanding	16,623	15,578
Long-Term Debt Of Subsidiaries 3.00% To 3.99% [Member]
Long-term debt:
Debt instrument principal outstanding	189,674	190,875
Long-Term Debt Of Subsidiaries 4.00% To 4.99% [Member]
Long-term debt:
Debt instrument principal outstanding	483,971	484,168
Long-Term Debt Of Subsidiaries 5.00% To 5.99% [Member]
Long-term debt:
Debt instrument principal outstanding	221,881	242,102
Long-Term Debt Of Subsidiaries 6.00% To 6.99% [Member]
Long-term debt:
Debt instrument principal outstanding	64,954	64,944
Long-Term Debt Of Subsidiaries 7.00% To 7.99% [Member]
Long-term debt:
Debt instrument principal outstanding	34,097	34,424
Long-Term Debt Of Subsidiaries 8.00% To 8.99% [Member]
Long-term debt:
Debt instrument principal outstanding	18,709	18,907
Long-Term Debt Of Subsidiaries 9.00% To 9.99% [Member]
Long-term debt:
Debt instrument principal outstanding	27,800	27,800
Long-Term Debt Of Subsidiaries 10.00% To 10.99% [Member]
Long-term debt:
Debt instrument principal outstanding	6,000	6,000
Bank notes at 1.921% and 1.975% due 2017 and 2018 [Member]
Long-term debt:
Unsecured notes payable	100,000	50,000
Notes at 3.57% and 3.59% due 2027 and 2030 [Member]
Long-term debt:
Unsecured notes payable	120,000	50,000
Notes Ranging From 4.62% To 4.87%, due 2016 through 2024 [Member]
Long-term debt:
Unsecured notes payable	144,400	144,400
Notes Ranging From 5.20% To 5.95%, due 2016 through 2037 [Member]
Long-term debt:
Unsecured notes payable	$ 169,548	$ 187,548

Consolidated Statements Of Cap8

Consolidated Statements Of Capitalization (Parenthetical) - $ / shares	3 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Common stock, par value	$ 0.5	$ 0.5
Long-Term Debt Of Subsidiaries 0.00% To 0.99% [Member]
Interest rate range, minimum	0.00%	0.00%
Interest rate range, maximum	0.99%	0.99%
Maturity date range, start	2,023	2,023
Maturity date range, end	2,033	2,033
Long-Term Debt Of Subsidiaries 1.00% To 1.99% [Member]
Interest rate range, minimum	1.00%	1.00%
Interest rate range, maximum	1.99%	1.99%
Maturity date range, start	2,016	2,016
Maturity date range, end	2,035	2,035
Long-Term Debt Of Subsidiaries 2.00% To 2.99% [Member]
Interest rate range, minimum	2.00%	2.00%
Interest rate range, maximum	2.99%	2.99%
Maturity date range, start	2,024	2,024
Maturity date range, end	2,031	2,031
Long-Term Debt Of Subsidiaries 3.00% To 3.99% [Member]
Interest rate range, minimum	3.00%	3.00%
Interest rate range, maximum	3.99%	3.99%
Maturity date range, start	2,016	2,016
Maturity date range, end	2,047	2,047
Long-Term Debt Of Subsidiaries 4.00% To 4.99% [Member]
Interest rate range, minimum	4.00%	4.00%
Interest rate range, maximum	4.99%	4.99%
Maturity date range, start	2,020	2,020
Maturity date range, end	2,054	2,054
Long-Term Debt Of Subsidiaries 5.00% To 5.99% [Member]
Interest rate range, minimum	5.00%	5.00%
Interest rate range, maximum	5.99%	5.99%
Maturity date range, start	2,016	2,016
Maturity date range, end	2,043	2,043
Long-Term Debt Of Subsidiaries 6.00% To 6.99% [Member]
Interest rate range, minimum	6.00%	6.00%
Interest rate range, maximum	6.99%	6.99%
Maturity date range, start	2,015	2,015
Maturity date range, end	2,036	2,036
Long-Term Debt Of Subsidiaries 7.00% To 7.99% [Member]
Interest rate range, minimum	7.00%	7.00%
Interest rate range, maximum	7.99%	7.99%
Maturity date range, start	2,022	2,022
Maturity date range, end	2,027	2,027
Long-Term Debt Of Subsidiaries 8.00% To 8.99% [Member]
Interest rate range, minimum	8.00%	8.00%
Interest rate range, maximum	8.99%	8.99%
Maturity date range, start	2,021	2,021
Maturity date range, end	2,025	2,025
Long-Term Debt Of Subsidiaries 9.00% To 9.99% [Member]
Interest rate range, minimum	9.00%	9.00%
Interest rate range, maximum	9.99%	9.99%
Maturity date range, start	2,018	2,018
Maturity date range, end	2,026	2,026
Long-Term Debt Of Subsidiaries 10.00% To 10.99% [Member]
Interest rate range, minimum	10.00%	10.00%
Interest rate range, maximum	10.99%	10.99%
Maturity date	2,018	2,018
Bank notes at 1.921% due 2017 [Member]
Interest rate	1.921%	1.921%
Maturity date	2,017	2,017
Bank notes at 1.975% due 2018 [Member]
Interest rate	1.975%	1.975%
Maturity date	2,018	2,018
Notes at 3.57% due 2027 [Member]
Interest rate	3.57%	3.57%
Maturity date	2,027	2,027
Notes at 3.59% due 2030 [Member]
Interest rate	3.59%	3.59%
Maturity date	2,030	2,030
Notes Ranging From 4.62% To 4.87%, due 2016 through 2024 [Member]
Interest rate range, minimum	4.62%	4.62%
Interest rate range, maximum	4.87%	4.87%
Maturity date range, start	2,016	2,016
Maturity date range, end	2,024	2,024
Notes Ranging From 5.20% To 5.95%, due 2016 through 2037 [Member]
Interest rate range, minimum	5.20%	5.20%
Interest rate range, maximum	5.95%	5.95%
Maturity date range, start	2,016	2,016
Maturity date range, end	2,037	2,037

Consolidated Statement Of Equit

Consolidated Statement Of Equity - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Common Stock [Member]	Capital In Excess Of Par Value [Member]	Retained Earnings [Member]	Treasury Stock [Member]	Accumulated Other Comprehensive Income [Member]	Noncontrolling Interest [Member]	Total
Balance at Dec. 31, 2014	$ 89,296	$ 758,145	$ 849,952	$ (42,838)	$ 788	$ 40	$ 1,655,383
Net income			105,927				105,927
Other comprehensive income, net of income tax of $29					55		55
Dividends			(58,396)				(58,396)
Repurchase of stock (307,990 shares)				(7,957)			(7,957)
Equity compensation plan (305,701 shares)	152	(152)
Exercise of stock options (205,414 shares)	103	3,349					3,452
Stock-based compensation		3,682	(222)				3,460
Employee stock plan tax benefits		1,498					1,498
Other		(455)				$ (40)	(495)
Balance at Jun. 30, 2015	$ 89,551	$ 766,067	$ 897,261	$ (50,795)	$ 843		$ 1,702,927

Consolidated Statement Of Equ10

Consolidated Statement Of Equity (Parenthetical) - 6 months ended Jun. 30, 2015 - USD ($) $ in Thousands	Total
Consolidated Statement Of Equity (Parenthetical) [Abstract]
Other Comprehensive income, net of income tax	$ 29
Repurchase of stock, shares	307,990
Equity compensation plan, shares	305,701
Exercise of stock options, shares	205,414

Consolidated Statements Of Cash

Consolidated Statements Of Cash Flow - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 105,927	$ 98,428
Income from discontinued operations		1,209
Income from continuing operations	$ 105,927	97,219
Adjustments to reconcile income from continuing operations to net cash flows from operating activities:
Depreciation and amortization	63,322	64,086
Deferred income taxes	5,392	7,845
Provision for doubtful accounts	2,233	3,141
Stock-based compensation	3,682	3,538
(Gain) loss on sale of other assets	(168)	208
Net change in receivables, inventory and prepayments	(17,430)	(11,087)
Net change in payables, accrued interest, accrued taxes and other accrued liabilities	2,319	4,740
Other	(8,259)	(15,050)
Operating cash flows from continuing operations	$ 157,018	154,640
Operating cash flows used in discontinued operations, net		(582)
Net cash flows from operating activities	$ 157,018	154,058
Cash flows from investing activities:
Property, plant and equipment additions, including the debt component of allowance for funds used during construction of $570 and $649	(150,284)	(131,966)
Acquisitions of utility systems and other, net	(25,919)	$ (4,467)
Release of funds previously restricted for construction activity	32
Net proceeds from the sale of utility system and other assets	290	$ 308
Other	(1,296)	(30)
Investing cash flows used in continuing operations	$ (177,177)	(136,155)
Investing cash flows from discontinued operations, net		2
Net cash flows used in investing activities	$ (177,177)	(136,153)
Cash flows from financing activities:
Customers' advances and contributions in aid of construction	2,872	3,182
Repayments of customers' advances	(1,695)	(1,294)
Net proceeds of short-term debt	17,908	3,622
Proceeds from long-term debt	238,457	116,074
Repayments of long-term debt	(158,824)	(70,910)
Change in cash overdraft position	(16,047)	(19,128)
Proceeds from exercised stock options	3,452	4,692
Stock-based compensation windfall tax benefits	1,320	1,217
Repurchase of common stock	(7,957)	(2,349)
Dividends paid on common stock	(58,396)	(53,787)
Other	(454)	(362)
Financing cash flows from (used) in continuing operations	$ 20,636	(19,043)
Financing cash flows used in discontinued operations, net		(62)
Net cash flows from (used) in financing activities	$ 20,636	(19,105)
Net change in cash and cash equivalents	477	(1,200)
Cash and cash equivalents at beginning of period	4,138	5,058
Cash and cash equivalents at end of period	4,615	3,858
Non-cash investing activity:
Property, plant and equipment additions purchased at the period end, but not yet paid for	$ 27,551	$ 20,356

Consolidated Statements Of Ca12

Consolidated Statements Of Cash Flow (Parenthetical) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Consolidated Statements Of Cash Flow [Abstract]
Debt component of allowance for funds used during construction	$ 570	$ 649

Basis Of Presentation

Basis Of Presentation	6 Months Ended
	Jun. 30, 2015
Basis Of Presentation [Abstract]
Basis Of Presentation	Note 1 – Basis of Presentation The accompanying consolidated balance sheets and statements of capitalization of Aqua America, Inc. and subsidiaries (the “Company”) at June 30 , 2015, the consolidated statements of net income and comprehensive income for the three and six months ended June 30 , 2015 and 2014, the consolidated statements of cash flow for the six months ended June 30 , 2015 and 2014 , and the consolidated statement of equity for the six months ended June 30 , 2015 are unaudited, but reflect all adjustments, consisting of only normal recurring accruals, which are, in the opinion of management, necessary to present fairly the consolidated financial position, the consolidated changes in equity, the consolidated results of operations, and the consolidated cash flow for the periods presented. Because they cover interim periods, the statements and related notes to the financial statements do not include all disclosures and notes normally provided in annual financial statements and, therefore, should be read in conjunction with the Company’s Annual Report on Form 10-K for the year ended December 31, 2014 . The results of operations for interim periods may not be indicative of the results that may be expected for the entire year. The December 31, 2014 consolidated balance sheet data presented herein was derived from the Company’s December 31, 2014 audited consolidated financial statements, but does not include all disclosures and notes normally provided in annual financial statements.

Goodwill

Goodwill	6 Months Ended
	Jun. 30, 2015
Goodwill [Abstract]
Goodwill	Note 2 – Goodwill The following table summarizes the changes in the Company’s goodwill, by business segment: Regulated Segment Other Consolidated Balance at December 31, 2014 $ $ $ Goodwill acquired - Reclassifications (to) from utility plant acquisition adjustment, net - Other - Balance at June 30, 2015 $ $ $ The reclassification of goodwill to utility plant acquisition adjustment in the table above results from a mechanism approved by the applicable public utility commission. The mechanism provides for the transfer over time, and the recovery through customer rates, of goodwill associated with certain acquisitions upon achieving certain objectives.

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2015
Acquisitions [Abstract]
Acquisitions	Note 3 – Acquisitions In May 2015, the Company acquired the water utility systems assets of Mt. Jewett Borough water system located in Hamlin Township, Pennsylvania serving approximately 440 customers. The total purchase price consisted of $1,166 in cash. In April 2015, the Company acquired the water and wastewater utility system assets of North Maine Utilities located in the Village of Glenview, Illinois serving approximately 7,400 customers. The total purchase price consisted of $23,079 in cash. The purchase price allocation for this acquisition consists primarily of acquired property, plant and equipment. In December 2014, the Company acquired the water utility system assets of Lake Mohawk and Lake Tomahawk utilities located in Northeastern Ohio serving approximately 1,250 customers. The total purchase price consisted of $1,770 in cash. In December 2014, the Company acquired a business that specializes in providing water distribution system services to prevent the contamination of potable water, including training to waterworks operators. The total purchase price consisted of $1,800 in cash , of which $700 was paid in the first quarter of 2015. This business is included in the Company’s market-based activities. In September 2014, the Company acquired the water and wastewater utility system assets of Texas H2O, Inc. located in Mansfield, Texas serving approximately 1,100 customers. The total purchase price consisted of $2,796 in cash. In September 2014, the Company acquired the water utility system assets of Lake Caroline Water Co. located in Caroline County, Virginia serving approximately 1,040 customers. The total purchase price consisted of $1,377 in cash. In August 2014, the Company acquired a business that specializes in the inspection, cleaning and repair of storm and sanitary sewer lines. The total purchase price consisted of $3,010 in cash , of which a total of $810 is contingent upon satisfying certain annual performance targets over a three -year period. This business is included in the Company’s market-based activities. In March 2014, the Company acquired the wastewater utility system assets of Penn Township located in Chester County, Pennsylvania serving approximately 800 customers. The total purchase price consisted of $3,668 in cash.

Discontinued Operations

Discontinued Operations	6 Months Ended
	Jun. 30, 2015
Discontinued Operations [Abstract]
Discontinued Operations	Note 4 – Discontinued Operations In December 2014, we completed the sale of our water utility system in southwest Allen County, Indiana to the City of Fort Wayne, Indiana. The completion of this sale settled the dispute concerning the City of Fort Wayne’s valuation of the northern portion of our water and wastewater utility systems, which were acquired by the City of Fort Wayne in February 2008, by eminent domain. In addition, as a result of this transaction, Aqua Indiana will expand its sewer customer base by accepting new wastewater flows from the City of Fort Wayne. In March 2014, we completed the sale of our wastewater treatment facility in Georgia. The operating results and cash flows of the Company’s operations named above, during the periods owned, have been presented in the Company’s consolidated statements of net income and consolidated statements of cash flow as discontinued operations. These operations were included in the Company’s “Regulated” segment. A summary of discontinued operations presented in the consolidated statements of net income include the following: Three Months Ended Six Months Ended June 30, 2014 June 30, 2014 Operating revenues $ $ Total operating expenses Operating income Other expense: Loss on sale - Income from discontinued operations before income taxes Provision for income taxes Income from discontinued operations $ $ As of June 30, 2015 and December 31, 2014 , there were no assets or liabilities associated with the Company’s discontinued operations .

Capitalization

Capitalization	6 Months Ended
	Jun. 30, 2015
Capitalization [Abstract]
Capitalization	Note 5 – Capitalization In May 2015, the Company issued $70,000 of senior unsecured notes due in 2030 with an interest rate of 3.59% . The proceeds were used to repay existing indebtedness and for general corporate purposes. In May 2015, Aqua Pennsylvania entered into a $50,000 three -year unsecured loan at an interest rate of 1.975% . The proceeds from this loan were used for refinancing existing indebtedness and general working capital purposes. In February 2015, the Company renewed its universal shelf registration, which had expired in February 2015, through a filing with the Securities and Exchange Commission (“SEC”) to allow for the potential future sale by the Company, from time to time, in one or more public offerings, of an indeterminate amount of our common stock, preferred stock, debt securities and other securities specified therein at indeterminate prices. In February 2015, the Company filed a registration statement with the SEC to update an existing filing which permits the offering, from time to time, of an aggregate of $500,000 in shares of common stock and shares of preferred stock in connection with acquisitions. The form and terms of any securities issued under these shelf registration statements will be determined at the time of issuance.

Fair Value Of Financial Instrum

Fair Value Of Financial Instruments	6 Months Ended
	Jun. 30, 2015
Fair Value Of Financial Instruments [Abstract]
Fair Value Of Financial Instruments	Note 6 – Fair Value of Financial Instruments The Company follows the Financial Accounting Standards Board’s (“FASB”) accounting guidance for fair value measurements and disclosures, which defines fair value and establishes a framework for using fair value to measure assets and liabilities. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are as follows: · Level 1: unadjusted quoted prices in active markets for identical assets or liabilities that the Company has the ability to access; · Level 2: inputs other than Level 1 that are observable, either directly or indirectly, such as quoted market prices in active markets for similar assets or liabilities, quoted prices for identical or similar assets or liabilities in non-active markets, or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities; or · Level 3: inputs that are unobservable and significant to the fair value measurement. The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs. There have been no changes in the valuation techniques used to measure fair value or asset or liability transfers between the levels of the fair value hierarchy for the quarter ended June 30, 2015 . Financial instruments are recorded at carrying value in the financial statements and approximate fair value as of the dates presented. The fair value of these instruments is disclosed below in accordance with current accounting guidance related to financial instruments. The fair value of funds restricted for construction activity and loans payable are determined based on their carrying amount and utilizing Level 1 methods and assumptions. As of June 30, 2015 and December 31, 201 4 , the carrying amount of the Company’s funds restricted for construction activity was $15 and $ 47 , respectively, which equates to their estimated fair value. As of June 30, 2015 and December 31, 201 4 , the carrying amount of the Company’s loans payable was $36,306 and $ 18,398 , respectively, which equates to their estimated fair value. The fair value of cash and cash equivalents, which is comprised of a money market fund, is determined based on the net asset value per unit utilizing Level 2 methods and assumptions. As of June 30, 2015 and December 31, 201 4 , the carrying amounts of the Company's cash and cash equivalents was $4,615 and $ 4,138 , respectively, which equates to their fair value. The carrying amounts and estimated fair values of the Company’s long-term debt is as follows: June 30, December 31, 2015 2014 Carrying Amount $ $ Estimated Fair Value The fair value of long-term debt has been determined by discounting the future cash flows using current market interest rates for similar financial instruments of the same duration utilizing Level 2 methods and assumptions. The Company’s customers’ advances for construction have a carrying value of $84,037 as of June 30, 2015 , and $78,301 as of December 31, 201 4 . Their relative fair values cannot be accurately estimated because future refund payments depend on several variables, including new customer connections, customer consumption levels, and future rate increases. Portions of these non-interest bearing instruments are payable annually through 2025 and amounts not paid by the respective contract expiration dates become non-refundable. The fair value of these amounts would, however, be less than their carrying value due to the non-interest bearing feature.

Net Income Per Common Share

Net Income Per Common Share	6 Months Ended
	Jun. 30, 2015
Net Income Per Common Share [Abstract]
Net Income Per Common Share	Note 7 – Net Income per Common Share Basic net income per common share is based on the weighted average number of common shares outstanding. Diluted net income per common share is based on the weighted average number of common shares outstanding and potentially dilutive shares. The dilutive effect of employee stock-based compensation is included in the computation of diluted net income per common share. The dilutive effect of stock-based compensation is calculated using the treasury stock method and expected proceeds upon exercise or issuance of the stock-based compensation. The treasury stock method assumes that the proceeds from the exercise of stock options are used to purchase the Company’s common stock at the average market price during the period. The following table summarizes the shares, in thousands, used in computing basic and diluted net income per common share: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Average common shares outstanding during the period for basic computation Dilutive effect of employee stock-based compensation Average common shares outstanding during the period for diluted computation For the three and six months ended June 30, 2015 and 2014 , all of the Company’s employee stock options were included in the calculations of diluted net income per share as the calculated cost to exercise the stock options was less than the average market price of the Company’s common stock during these periods.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Stock-Based Compensation [Abstract]
Stock-Based Compensation	Note 8 – Stock-based Compensation Under the Company’s 2009 Omnibus Equity Compensation Plan , as amended as of February 27, 2014, (the “2009 Plan”), as approved by the Company’s shareholders to replace the 2004 Equity Compensation Plan (the “2004 Plan”), stock options, stock units, stock awards, stock appreciation rights, dividend equivalents, and other stock-based awards may be granted to employees, non-employee directors, and consultants and advisors. The 2009 Plan authorizes 6,250,000 shares for issuance under the plan. A maximum of 3,125,000 shares under the 2009 Plan may be issued pursuant to stock awards, stock units and other stock-based awards , subject to adjustment as provided in the 2009 Plan . During any calendar year, no individual may be granted (i) stock options and stock appreciation rights under the 2009 Plan for more than 500,000 shares of Company stock in the aggregate or (ii) stock awards, stock units or other stock-based awards under the 2009 Plan for more than 500,000 shares of Company stock in the aggregate, subject to adjustment as provided in the 2009 Plan. Awards under the 2009 Plan are made by a committee of the Board of Directors of the Company, or in the case of awards to non-employee directors, by the Board of Directors of the Company . At June 30, 2015 , 4,234,045 shares underlying stock-based compensation awards were still available for grants under the 2009 Plan. No further grants may be made under the 2004 Plan. Performance Share Units – A performance share unit (“PSU”) represents the right to receive a share of the Company’s common stock if specified performance goals are met over the three - year performance period specified in the grant, subject to exceptions through the respective vesting period, generally three years. Each grantee is granted a target award of PSUs, and may earn between 0 % and 200 % of the target amount depending on the Company’s performance against the performance goals. The following table provides compensation costs for stock-based compensation related to PSUs : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Stock-based compensation within operations and maintenance expenses $ $ $ $ Income tax benefit The following table summarizes nonvested PSU transactions for the six months ended June 30, 2015 : Number Weighted of Average Share Units Fair Value Nonvested share units at December 31, 2014 $ Granted Performance criteria adjustment Forfeited Share units vested Share units issued Nonvested share units at June 30, 2015 $ A portion of the fair value of PSUs was estimated at the grant date based on the probability of satisfying the market-based conditions associated with the PSUs using the Monte Carlo valuation method , which assesses probabilities of various outcomes of market conditions . The other portion of the fair value of the PSUs is based on the fair market value of the Company’s stock at the grant date, regardless of whether the market-based condition is satisfied. The per unit weighted-average fair value at the date of grant for PSUs granted during the six months ended June 30, 2015 and 201 4 was $26.54 and $ 25.31 , respectively. The fair value of each PSU grant is amortized monthly into compensation expense on a straight-line basis over their respective vesting periods, generally 36 months. The accrual of compensation costs is based on our estimate of the final expected value of the award, and is adjusted as required for the portion based on the performance-based condition. The Company assumes that forfeitures will be minimal, and recognizes forfeitures as they occur, which results in a reduction in compensation expense. As the payout of the PSUs includes dividend equivalents, no separate dividend yield assumption is required in calculating the fair value of the PSUs. The recording of compensation expense for PSUs has no impact on net cash flows. On July 1, 2015, in association with the appointment of the Company’s Executive Vice President and President and Chief Operating Officer, Regulated Operations, to Chief Executive Officer (“CEO”), the Company granted 9,892 PSUs to the CEO. The fair market value of the PSUs granted is $25.80 per unit . Restricted Stock Units – A restricted stock unit (“RSU”) represents the right to receive a share of the Company’s common stock. RSUs are eligible to be earned at the end of a specified restricted period, generally three years, beginning on the date of grant. In some cases the right to receive the shares is subject to certain performance goals established at the time the grant is made. The Company assumes that forfeitures will be minimal, and recognizes forfeitures as they occur, which results in a reduction in compensation expense. As the payout of the RSUs includes dividend equivalents, no separate dividend yield assumption is required in calculating the fair value of the RSUs. The following table provides compensation costs for stock-based compensation related to RSUs : Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Stock-based compensation within operations and maintenance expenses $ $ $ $ Income tax benefit The following table summarizes nonvested RSU transactions for the six months ended June 30, 2015 : Number Weighted of Average Stock Units Fair Value Nonvested stock units at December 31, 2014 $ Granted Stock units vested in prior period and issued in current period Stock units vested but not issued Stock units vested and issued Forfeited Nonvested stock units at June 30, 2015 $ The per unit weighted-average fair value at the date of grant for RSUs granted during the six months ended June 30, 2015 and 201 4 was $ 26.26 and $ 24.80 , respectively. On July 1, 2015, in association with the appointment of the Company’s Executive Vice President and President and Chief Operating Officer, Regulated Operations, to CEO, the Company granted 4,935 RSUs to the CEO. The fair market value of the RSUs granted is $24.80 per unit . Stock Options – The following table provides the income tax benefit for stock-based compensation related to stock options granted in prior periods: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Income tax benefit $ $ $ $ For the six months ended June 30, 2015 and 2014, there were no compensation costs for stock-based compensation related to stock options, as stock options were fully amortized in 2013. Additionally, t here were no stock options granted during the six months ended June 30, 2015 or 201 4 . The following table summarizes stock option transactions for the six months ended June 30 , 201 5 : Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Shares Price Life (years) Value Outstanding at December 31, 2014 $ Forfeited - - Expired - - Exercised Outstanding and exercisable at June 30, 2015 $ $ Restricted Stock – The following table provides compensation costs for stock-based compensation related to restricted stock: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Stock-based compensation within operations and maintenance expenses $ - $ $ - $ Income tax benefit - - For the six months ended June 30, 2015, there were no compensation costs for stock-based compensation related to restricted stock, as restricted stock was fully amortized in 2014. Additionally, t here was no restricted stock granted during the six months ended June 30, 2015 or 2014. Stock Awards – On June 3, 2015, the Company granted an aggregate of 13,800 shares of common stock to the non-employee members of the Board of Directors continuing in office. The fair market value of the shares is $26.44 per share. The shares granted are not subject to any restrictions. In the second quarter of 2015 , the Company recognized $365 of compensation expense and an income tax benefit of $151 associated with this grant.

Pension Plans And Other Postret

Pension Plans And Other Postretirement Benefits	6 Months Ended
	Jun. 30, 2015
Pension Plans And Other Postretirement Benefits [Abstract]
Pension Plans And Other Postretirement Benefits	Note 9 – Pension Plans and Other Postretirement Benefits The Company maintains a qualified defined benefit pension plan (the “Pension Plan”) , a nonqualified pension plan and other postretirement benefit plans for certain of its employees. The net periodic benefit cost is based on estimated values and an extensive use of assumptions about the discount rate, expected return on plan assets, the rate of future compensation increases received by the Company’s employees, mortality, turnover, and medical costs. The following tables provide the components of net periodic benefit cost: Pension Benefits Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of prior service cost Amortization of actuarial loss Net periodic benefit cost $ $ $ $ Other Postretirement Benefits Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of prior service cost Amortization of actuarial loss Net periodic benefit cost $ $ $ $ The Company made cash contributions of $13,756 to its Pension Plan during the first six months of 201 5 , which completes the Company’s 2015 cash contributions .

Water And Wastewater Rates

Water And Wastewater Rates	6 Months Ended
	Jun. 30, 2015
Water And Wastewater Rates [Abstract]
Water And Wastewater Rates	Note 10 – Water and Wastewater Rates During the first six months of 201 5 , the Company’s operating divisions in Illinois, Ohio, and Texas were granted base rate increases designed to increase total operating revenues on an annual basis by $3,347 . Further, during the first six months of 201 5 , the Company’s operating divisions in New Jersey, Illinois, Pennsylvania (wastewater), and North Carolina received approval to bill infrastructure rehabilitation surcharges designed to increase total operating revenues on an annual basis by $1,626 .

Taxes Other Than Income Taxes

Taxes Other Than Income Taxes	6 Months Ended
	Jun. 30, 2015
Taxes Other Than Income Taxes [Abstract]
Taxes Other Than Income Taxes	Note 11 – Taxes Other than Income Taxes The following table provides the components of taxes other than income taxes: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Property $ $ $ $ Capital stock Gross receipts, excise and franchise Payroll Regulatory assessments Other Total taxes other than income $ $ $ $

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Segment Information	Note 12 – Segment Information The Company has identified ten operating segments and has one reportable segment named the “Regulated” segment. The reportable segment is comprised of eight operating segments for the Company’s water and wastewater regulated utility companies which are organized by the states where we provide these services. In addition, two segments are not quantitatively significant to be reportable and are comprised of the Company’s market-based activities: Aqua Resources, Inc. and Aqua Infrastructure, LLC. Aqua Resources provide s liquid waste hauling and disposal; water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to our utility companies’ service territories ; offers, through a third party, water and wastewater line repair service and protection solutions to households ; inspects, cleans and repairs storm and sanitary wastewater lines; installs and tests devices that prevent the contamination of potable water; designs and builds water and wastewater systems; and provides other market-based water and wastewater services . Aqua Infrastructure provides non-utility raw water supply services for firms in the natural gas drilling industry. These two segments are included as a component of “Other” in the tables below. Also included in “Other” are corporate costs that have not been allocated to the Regulated segment and intersegment eliminations. Corporate costs include general and administrative expense, and interest expense. The following table presents information about the Company’s reportable segment: Three Months Ended Three Months Ended June 30, 2015 June 30, 2014 Regulated Other Consolidated Regulated Other Consolidated Operating revenues $ $ $ $ $ $ Operations and maintenance expense Depreciation Operating income (loss) Interest expense, net of allowance for funds used during construction Income tax expense (benefit) Income (loss) from continuing operations Six Months Ended Six Months Ended June 30, 2015 June 30, 2014 Regulated Other Consolidated Regulated Other Consolidated Operating revenues $ $ $ $ $ $ Operations and maintenance expense Depreciation Operating income Interest expense, net of allowance for funds used during construction Income tax expense (benefit) Income (loss) from continuing operations Capital expenditures June 30, December 31, 2015 2014 Total assets: Regulated $ $ Other Consolidated $ $

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	Note 13 – Commitments and Contingencies The Company is routinely involved in various disputes, claims, lawsuits and other regulatory and legal matters, including both asserted and unasserted legal claims, in the ordinary course of business. The status of each such matter, referred to herein as a loss contingency, is reviewed and assessed in accordance with applicable accounting rules regarding the nature of the matter, the likelihood that a loss will be incurred, and the amounts involved. As of June 30, 2015 , the aggregate amount of $11,963 is accrued for loss contingencies and is reported in the Company’s consolidated balance sheet as other accrued liabilities and other liabilities. These accruals represent management’s best estimate of probable loss (as defined in the accounting guidance) for loss contingencies or the low end of a range of losses if no single probable loss can be estimated. For some loss contingencies, the Company is unable to estimate the amount of the probable loss or range of probable losses. While the final outcome of these loss contingencies cannot be predicted with certainty, and unfavorable outcomes could negatively impact the Company, at this time in the opinion of management, the final resolution of these matters are not expected to have a material adverse effect on the Company’s financial position, results of operations or cash flows. Further, the Company has insurance coverage for certain of these loss contingencies, and as of June 30, 2015 , estimates that approximately $1,253 of the amount accrued for these matters are probable of recovery through insurance, which amount is also reported in the Company’s consolidated balance sheet as deferred charges and other assets, net. In addition to the aforementioned loss contingencies, the Company self-insures its employee medical benefit program, and maintains stop-loss coverage to limit the exposure arising from these claims. The Company’s reserve for these claims totaled $1,468 at June 30, 2015 and represents a reserve for unpaid claim costs, including an estimate for the cost of incurred but not reported claims.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Income Taxes	Note 14 – Income Taxes During the six months ended June 30, 2015 , the Company utilized $ 25,820 of its Federal net operating loss carryforward (“NOL”). In addition, during the six months ended June 30, 2015 , the Company utilized $ 2,156 of its state NOL carryforward. As of June 30, 2015 , the balance of the Company’s Federal NOL was $183,753 . The Company believes its Federal NOL carryforward is more likely than not to be recovered and requires no valuation allowance. As of June 30, 2015 , the balance of the Company’s gross state NOL was $552,333 , a portion of which is offset by a valuation allowance because the Company does not believe the NOLs are more likely than not to be realized. The Company’s Federal and state NOL carryforwards begin to expire in 2032 and 2023 , respectively. The Company has unrecognized tax positions that result in the associated tax benefit being unrecognized. The Company’s Federal and state NOL carryforwards are reduced by an unrecognized tax position, on a gross basis, of $ 57,503 and $83,543 , respectively. The amounts of the Company’s Federal and state NOL carryforwards prior to being reduced by the unrecognized tax positions were $ 241,255 and $635,876 , respectively. The Company records its unrecognized tax benefit as a reduction to its deferred income tax liability. In accordance with a 2012 settlement agreement with the Pennsylvania Public Utility Commission, Aqua Pennsylvania expenses, for tax purposes, qualifying utility asset improvement costs , which result s in a substantial reduction in income tax expense and greater net income and cash flows. The Company’s effective income tax rate for the second quarter of 201 5 and 201 4 , for its continuing operations, was 7.9% and 9.6% , respectively , and for the first six months of 2015 and 2014, for its continuing operations, was 8.2% and 10.2% respectively . As of June 30, 2015 , the total gross unrecognized tax benefit was $25,200 , of which $14,425 , if recognized, would affect the Company’s effective tax rate as a result of the regulatory treatment afforded for qualifying infrastructure improvements in Pennsylvania. At December 31, 201 4 , the Company had unrecognized tax benefits of $25,292 . Accounting rules for uncertain tax positions specify that tax positions for which the timing of resolution is uncertain should be classified as long-term liabilities. Judgment is required in evaluating the Company’s uncertain tax positions and determining the provision for income taxes. Management believes that an adequate provision has been made for any adjustments that may result from tax examinations. Although the timing of income tax audit resolutions and negotiations with taxing authorities is highly uncertain, the Company does not anticipate a significant change to the total amount of unrecognized income tax benefits within the next 12 months.

Recent Accounting Pronouncement

Recent Accounting Pronouncements	6 Months Ended
	Jun. 30, 2015
Recent Accounting Pronouncements [Abstract]
Recent Accounting Pronouncements	Note 15 – Recent Accounting Pronouncements In April 2015, the FASB issued updated accounting guidance on simplifying the presentation of debt issuance costs, which requires debt issuance costs to be presented in the balance sheet as a direct deduction from the carrying value of the associated debt liability. Previously, debt issuance costs were presented in the balance sheet as a deferred charge. The accounting standard is effective for reporting periods beginning after December 15, 2015, and will be applied retrospectively. The Company does not expect the provisions of this accounting standard to have a material impact on its results of operations or financial position. In August 2014, the FASB issued an accounting standard that will require management to assess an entity’s ability to continue as a going concern for each annual and interim reporting period and to provide related footnote disclosures in circumstances in which substantial doubt exists. The accounting standard is effective in the first annual reporting period ending after December 15, 2016 . The Company does not expect the provisions of this accounting standard to have an impact on its results of operations or financial position. In May 2014, the FASB issued updated accounting guidance on recognizing revenue from contracts with customers, which outlines a single comprehensive model that an entity will apply to determine the measurement of revenue and timing of 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 updated guidance also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to fulfill a contract. In July 2015, the FASB approved a one year deferral to the original effective date of this guidance. The updated guidance is effective for reporting periods beginning after December 15, 201 7, and will be applied retrospectively . The Company is currently evaluating the requirements of the updated guidance to determine the impact of adoption. In April 2014, the FASB issued updated accounting guidance which changes the criteria for determining which disposals can be presented as discontinued operations and modifies related disclosure requirements. The updated guidance is effective prospectively for reporting periods beginning after December 15, 2014, with early adoption available. The Company adopt ed the provisions of the updated accounting guidance for its quarterly reporting period beginning January 1, 2015, and the adoption of the revised guidance did not have an impact on the Company’s consolidated results of operations or consolidated financial position.

Goodwill (Tables)

Goodwill (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill [Abstract]
Schedule Of Goodwill	Regulated Segment Other Consolidated Balance at December 31, 2014 $ $ $ Goodwill acquired - Reclassifications (to) from utility plant acquisition adjustment, net - Other - Balance at June 30, 2015 $ $ $

Discontinued Operations (Tables

Discontinued Operations (Tables)	6 Months Ended
	Jun. 30, 2015
Discontinued Operations [Abstract]
Summary Of Discontinued Operations Presented In Consolidated Statements Of Income And Comprehensive Income	Three Months Ended Six Months Ended June 30, 2014 June 30, 2014 Operating revenues $ $ Total operating expenses Operating income Other expense: Loss on sale - Income from discontinued operations before income taxes Provision for income taxes Income from discontinued operations $ $

Fair Value Of Financial Instr30

Fair Value Of Financial Instruments (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Of Financial Instruments [Abstract]
Schedule Of Carrying Amounts And Estimated Fair Values Of Long-Term Debt	June 30, December 31, 2015 2014 Carrying Amount $ $ Estimated Fair Value

Net Income Per Common Share (Ta

Net Income Per Common Share (Tables)	6 Months Ended
	Jun. 30, 2015
Net Income Per Common Share [Abstract]
Schedule Of Earnings Per Share	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Average common shares outstanding during the period for basic computation Dilutive effect of employee stock-based compensation Average common shares outstanding during the period for diluted computation

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Nonvested PSU Transactions	Number Weighted of Average Share Units Fair Value Nonvested share units at December 31, 2014 $ Granted Performance criteria adjustment Forfeited Share units vested Share units issued Nonvested share units at June 30, 2015 $
Summary Of Nonvested RSU Transactions	Number Weighted of Average Stock Units Fair Value Nonvested stock units at December 31, 2014 $ Granted Stock units vested in prior period and issued in current period Stock units vested but not issued Stock units vested and issued Forfeited Nonvested stock units at June 30, 2015 $
Summary Of Stock Option Transactions	Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Shares Price Life (years) Value Outstanding at December 31, 2014 $ Forfeited - - Expired - - Exercised Outstanding and exercisable at June 30, 2015 $ $
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Compensation Costs	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Stock-based compensation within operations and maintenance expenses $ $ $ $ Income tax benefit
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Compensation Costs	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Stock-based compensation within operations and maintenance expenses $ $ $ $ Income tax benefit
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Compensation Costs	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Income tax benefit $ $ $ $
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Summary Of Compensation Costs	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Stock-based compensation within operations and maintenance expenses $ - $ $ - $ Income tax benefit - -

Pension Plans And Other Postr33

Pension Plans And Other Postretirement Benefits (Tables)	6 Months Ended
	Jun. 30, 2015
Pension Plans And Other Postretirement Benefits [Abstract]
Components Of Net Periodic Benefit Costs	Pension Benefits Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of prior service cost Amortization of actuarial loss Net periodic benefit cost $ $ $ $ Other Postretirement Benefits Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Service cost $ $ $ $ Interest cost Expected return on plan assets Amortization of prior service cost Amortization of actuarial loss Net periodic benefit cost $ $ $ $

Taxes Other Than Income Taxes (

Taxes Other Than Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Taxes Other Than Income Taxes [Abstract]
Components Of Taxes Other Than Income Taxes	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Property $ $ $ $ Capital stock Gross receipts, excise and franchise Payroll Regulatory assessments Other Total taxes other than income $ $ $ $

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Information [Abstract]
Company's Segment Information, Continuing Operations	Three Months Ended Three Months Ended June 30, 2015 June 30, 2014 Regulated Other Consolidated Regulated Other Consolidated Operating revenues $ $ $ $ $ $ Operations and maintenance expense Depreciation Operating income (loss) Interest expense, net of allowance for funds used during construction Income tax expense (benefit) Income (loss) from continuing operations Six Months Ended Six Months Ended June 30, 2015 June 30, 2014 Regulated Other Consolidated Regulated Other Consolidated Operating revenues $ $ $ $ $ $ Operations and maintenance expense Depreciation Operating income Interest expense, net of allowance for funds used during construction Income tax expense (benefit) Income (loss) from continuing operations Capital expenditures
Company's Segment Information, Assets	June 30, December 31, 2015 2014 Total assets: Regulated $ $ Other Consolidated $ $

Goodwill (Details)

Goodwill (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Goodwill [Line Items]
Balance	$ 31,184
Goodwill acquired	12
Reclassifications (to) from utility plant acquisition adjustment, net	2,758
Other	(12)
Balance	33,942
Regulated Segments [Member]
Goodwill [Line Items]
Balance	24,564
Reclassifications (to) from utility plant acquisition adjustment, net	2,758
Balance	27,322
Corporate and Other [Member]
Goodwill [Line Items]
Balance	6,620
Goodwill acquired	$ 12
Reclassifications (to) from utility plant acquisition adjustment, net
Other	$ (12)
Balance	$ 6,620

Acquisitions (Details)

Acquisitions (Details) $ in Thousands	1 Months Ended						3 Months Ended
	May. 31, 2015USD ($)customer	Apr. 30, 2015USD ($)customer	Dec. 31, 2014USD ($)customer	Sep. 30, 2014USD ($)customer	Aug. 31, 2014USD ($)	Mar. 31, 2014USD ($)customer	Mar. 31, 2015USD ($)
Mt. Jewett Borough [Member]
Business Acquisition [Line Items]
Number of customers | customer	440
Total purchase price	$ 1,166
North Main Utilities [Member]
Business Acquisition [Line Items]
Number of customers | customer		7,400
Total purchase price		$ 23,079
Lake Mohawk and Lake Tomahawk [Member]
Business Acquisition [Line Items]
Number of customers | customer			1,250
Cash Paid			$ 1,770
Non-Regulated [Member]
Business Acquisition [Line Items]
Total purchase price			$ 1,800		$ 3,010
Cash Paid							$ 700
Contingent consideration					$ 810
Contingent consitderation term					3 years
H2O,Inc.[Member]
Business Acquisition [Line Items]
Number of customers | customer				1,100
Cash Paid				$ 2,796
Lake Caroline [Member]
Business Acquisition [Line Items]
Number of customers | customer				1,040
Cash Paid				$ 1,377
Penn Township [Member]
Business Acquisition [Line Items]
Number of customers | customer						800
Cash Paid						$ 3,668

Discontinued Operations (Narrat

Discontinued Operations (Narrative) (Details) - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Discontinued Operations [Abstract]
Assets of discontinued operations held for sale	$ 0	$ 0
Liabilities of discontinued operations held for sale	$ 0	$ 0

Discontinued Operations (Summar

Discontinued Operations (Summary Of Discontinued Operations Presented In Consolidated Statements Of Income And Comprehensive Income) (Details) - Jun. 30, 2014 - USD ($) $ in Thousands	Total	Total
Discontinued Operations [Abstract]
Operating revenues	$ 1,720	$ 3,299
Total operating expenses	467	1,140
Operating income	1,253	2,159
Loss on sale		134
Income from discontinued operations before income taxes	1,253	2,025
Provision for income taxes	502	816
Income from discontinued operations	$ 751	$ 1,209

Capitalization (Details)

Capitalization (Details) - USD ($)	1 Months Ended	6 Months Ended
	Feb. 28, 2015	Jun. 30, 2015	May. 31, 2015
Debt Instrument [Line Items]
Equity offering, common and preferred	$ 500,000,000
Senior Unsecured Notes Due In 2030 [Member]
Debt Instrument [Line Items]
Face Amount			$ 70,000,000
Maturity Year		2,030
Interest Rate			3.59%
Aqua Pennsylvania, Inc [Member] | Unsecured Loan [Member]
Debt Instrument [Line Items]
Face Amount			$ 50,000,000
Debt term		3 years
Interest Rate			1.975%

Fair Value Of Financial Instr41

Fair Value Of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Fair Value Of Financial Instruments [Abstract]
Funds restricted for construction activity	$ 15	$ 47
Loans payable	36,306	18,398
Cash and cash equivalents	4,615	4,138	$ 3,858	$ 5,058
Customers' advances for construction	$ 84,037	$ 78,301

Fair Value Of Financial Instr42

Fair Value Of Financial Instruments (Schedule Of Carrying Amounts And Estimated Fair Values Of Long-Term Debt) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Carrying Amount [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,699,029	$ 1,619,270
Estimated Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt	$ 1,846,885	$ 1,694,424

Net Income Per Common Share (Sc

Net Income Per Common Share (Schedule Of Earnings Per Share) (Details) - shares shares in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Net Income Per Common Share [Abstract]
Average common shares outstanding during the period for basic computation	177,084	177,058	176,987	176,949
Dilutive effect of employee stock-based compensation	829	954	831	919
Average common shares outstanding during the period for diluted computation	177,913	178,012	177,818	177,868

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Jul. 01, 2015	Jun. 03, 2015	Jun. 30, 2015	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				305,701
Share Based Compensation				$ 3,682	$ 3,538
2004 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance			0	0
2009 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares authorized for issuance			6,250,000	6,250,000
Maximum number of shares may be issued pursuant to stock awards, stock units and other stock-based awards				3,125,000
Maximum number of shares subject to grants to any one individual in any one year				500,000
Underlying stock option and restricted stock awards available for grant			4,234,045	4,234,045
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Vesting period, in years				3 years
Weighted average fair value of stock awards granted				$ 26.54	$ 25.31
Amortization period of fair value of shares, in months				36 months
Granted				123,820
Performance Share Units [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of stock awards granted	$ 25.80
Granted	9,892
Performance Share Units [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target award amount the grantee may earn				0.00%
Performance Share Units [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Percentage of target award amount the grantee may earn				200.00%
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted period				3 years
Weighted average fair value of stock awards granted				$ 26.26	$ 24.80
Granted				37,650
Restricted Stock Units [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average fair value of stock awards granted	$ 24.80
Granted	4,935
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted				0	0
Common Stock [Member] | Non-Employee Members Of The Board Of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Tax benefit associated witth stock-compensation that vested or was excercised			$ 151
Weighted average fair value of stock awards granted		$ 26.44
Granted		13,800
Share Based Compensation			$ 365

Stock-Based Compensation (Summa

Stock-Based Compensation (Summary Of Nonvested PSU Transactions) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	305,701
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested stock units at beginning of period, Number of Share Units	582,644
Granted	123,820
Performance criteria adjustment, Number of Share Units	15,363
Forfeited, number of share units	(7,457)
Vested, number of shares	(83,300)
Share unit awards issued, Number of Share Units	(217,014)
Nonvested stock units at end of period, number of share units	414,056
Nonvested stock units at beginning of period, weighted average fair value	$ 22.98
Granted, weighted average fair value	26.54	$ 25.31
Performance criteria adjustment, Weighted Average Fair Value	25.59
Forfeited, weighted average fair value	25.86
Stock units vested and paid, weighted average fair value	26.25
Share unit awards issued, Weighted Average Fair Value	18.49
Nonvested stock units at end of period, Weighted Average Fair Value	$ 25.78

Stock-Based Compensation (Sum46

Stock-Based Compensation (Summary Of Nonvested RSU Transactions) (Details) - $ / shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Granted	305,701
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested stock units at beginning of period, Number of Share Units	122,565
Granted	37,650
Stock units vested in prior period and issued in current period	11,500
Stock units vested but not paid, number of stock units	(12,900)
Stock units vested and paid, number of stock units	(74,887)
Forfeited, number of share units	(1,563)
Nonvested stock units at end of period, number of share units	82,365
Nonvested stock units at beginning of period, weighted average fair value	$ 22.29
Granted, weighted average fair value	26.26	$ 24.80
Stock units vested in prior period and issued in current period, weighted average fair value	17.99
Stock units vested but not paid weighted average fair value	24.75
Stock units vested and paid, weighted average fair value	20.26
Forfeited, weighted average fair value	24.72
Nonvested stock units at end of period, Weighted Average Fair Value	$ 24.92

Stock-Based Compensation (Sum47

Stock-Based Compensation (Summary Of Compensation Costs) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation within operations and maintenance expense			$ 0	$ 0
Income tax benefit	$ 11,000	$ 23,000	115,000	96,000
Performance Share Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation within operations and maintenance expense	1,562,000	1,467,000	2,639,000	2,469,000
Income tax benefit	637,000	601,000	1,075,000	1,011,000
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation within operations and maintenance expense	415,000	295,000	678,000	532,000
Income tax benefit	$ 172,000	122,000	281,000	220,000
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock-based compensation within operations and maintenance expense		445,000	$ 0	537,000
Income tax benefit		$ 185,000		$ 223,000

Stock-Based Compensation (Sum48

Stock-Based Compensation (Summary Of Stock Option Transactions) (Details) - Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercised, Shares	(205,414)
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Outstanding at beginning of period, Shares	1,084,992
Forfeited, Shares
Expired, Shares
Exercised, Shares	(205,414)
Outstanding at end of period, Shares	879,578
Outstanding at beginning of period, Weighted Average Exercise Price	$ 17.06
Forfeited, Weighted Average Exercise Price
Expired, Weighted Average Exercise Price
Exercised, Weighted Average Exercise Price	$ 16.81
Outstanding at end of period, Weighted Average Exercise Price	$ 17.12
Outstanding at end of period, Weighted Average Remaining Life (years)	2 years 9 months 18 days
Outstanding at end of period, Aggregate Intrinsic Value	$ 6,481

Pension Plans And Other Postr49

Pension Plans And Other Postretirement Benefits (Narrative) (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Defined Benefit Pension Plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Cash contributions made by the Company	$ 13,756

Pension Plans And Other Postr50

Pension Plans And Other Postretirement Benefits (Components Of Net Periodic Benefit Costs) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Pension Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	$ 925	$ 1,143	$ 1,850	$ 2,286
Interest cost	3,222	3,512	6,444	7,024
Expected return on plan assets	(4,674)	(4,305)	(9,348)	(8,610)
Amortization of prior service cost	43	69	86	138
Amortization of actuarial loss	1,532	500	3,064	1,000
Net periodic benefit cost	1,048	919	2,096	1,838
Other Postretirement Benefits [Member]
Defined Benefit Plan Disclosure [Line Items]
Service cost	273	283	679	595
Interest cost	681	722	1,439	1,459
Expected return on plan assets	(731)	(686)	(1,461)	(1,369)
Amortization of prior service cost	(211)	(68)	(265)	(142)
Amortization of actuarial loss	309	59	663	141
Net periodic benefit cost	$ 321	$ 310	$ 1,055	$ 684

Water And Wastewater Rates (Det

Water And Wastewater Rates (Details) $ in Thousands	6 Months Ended
	Jun. 30, 2015USD ($)
Illinois, Ohio, and Texas [Member]
Water And Wastewater Rates [Line Items]
Base rate increase designed to increase total operating revenues on an annual basis	$ 3,347
New Jersey, Illinois, Pennsylvania (wastewater), and North Carolina [Member]
Water And Wastewater Rates [Line Items]
Infrastructure rehabilitation surcharges	$ 1,626

Taxes Other Than Income Taxes52

Taxes Other Than Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Taxes Other Than Income [Line Items]
Taxes other than income taxes	$ 13,795	$ 13,026	$ 28,416	$ 25,128
Property [Member]
Taxes Other Than Income [Line Items]
Taxes other than income taxes	7,007	6,254	13,831	11,078
Capital Stock [Member]
Taxes Other Than Income [Line Items]
Taxes other than income taxes	541	521	1,080	1,023
Gross Receipts, Excise And Franchise [Member]
Taxes Other Than Income [Line Items]
Taxes other than income taxes	2,554	2,970	4,996	5,749
Payroll [Member]
Taxes Other Than Income [Line Items]
Taxes other than income taxes	2,075	1,610	5,353	4,263
Regulatory Assessments [Member]
Taxes Other Than Income [Line Items]
Taxes other than income taxes	687	590	1,340	1,183
Other Taxes [Member]
Taxes Other Than Income [Line Items]
Taxes other than income taxes	$ 931	$ 1,081	$ 1,816	$ 1,832

Segment Information (Narrative)

Segment Information (Narrative) (Details)	6 Months Ended
	Jun. 30, 2015segment
Segment Reporting Information [Line Items]
Operating Segments	10
Reportable Segments	1
Reportable Segment [Member]
Segment Reporting Information [Line Items]
Operating Segments	8
Not Quantitatively Significant [Member]
Segment Reporting Information [Line Items]
Operating Segments	2

Segment Information (Company's

Segment Information (Company's Segment Information, Continuing Operations) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Segment Reporting Information [Line Items]
Operating revenues	$ 205,760	$ 195,307	$ 396,086	$ 377,979
Operations and maintenance expense	79,746	70,375	152,935	142,061
Depreciation	31,049	31,226	61,549	62,207
Operating income (loss)	80,246	79,934	151,413	146,704
Interest expense, net of AFUDC	17,860	18,156	35,343	36,299
Income tax expense (benefit)	4,919	5,849	9,513	11,041
Income (loss) from continuing operations	57,382	54,818	105,927	97,219
Capital expenditures			150,284	131,966
Regulated Segments [Member]
Segment Reporting Information [Line Items]
Operating revenues	196,932	189,678	377,496	367,877
Operations and maintenance expense	71,248	67,516	138,266	135,972
Depreciation	30,948	31,224	61,386	62,105
Operating income (loss)	80,649	77,436	149,273	143,855
Interest expense, net of AFUDC	16,904	17,045	33,624	33,849
Income tax expense (benefit)	5,429	5,783	9,796	11,869
Income (loss) from continuing operations	58,311	54,745	106,016	98,366
Capital expenditures			150,063	131,092
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Operating revenues	8,828	5,629	18,590	10,102
Operations and maintenance expense	8,498	2,859	14,669	6,089
Depreciation	101	2	163	102
Operating income (loss)	(403)	2,498	2,140	2,849
Interest expense, net of AFUDC	956	1,111	1,719	2,450
Income tax expense (benefit)	(510)	66	(283)	(828)
Income (loss) from continuing operations	$ (929)	$ 73	(89)	(1,147)
Capital expenditures			$ 221	$ 874

Segment Information (Company'55

Segment Information (Company's Segment Information, Assets) (Details) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total assets	$ 5,600,278	$ 5,406,752
Corporate and Other [Member]
Segment Reporting Information [Line Items]
Total assets	219,467	211,561
Regulated Segments [Member]
Segment Reporting Information [Line Items]
Total assets	$ 5,380,811	$ 5,195,191

Commitments And Contingencies (

Commitments And Contingencies (Details) $ in Thousands	Jun. 30, 2015USD ($)
Commitments And Contingencies [Abstract]
Aggregate amount accrued for loss contingencies	$ 11,963
Amount probable of recovery through insurance	1,253
Insurance reserve for employee medical benefit program	$ 1,468

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Taxes [Line Items]
Deferred tax assets operating loss carry forwards domestic, utilized			$ 25,820,000
Deferred tax assets operating loss carry forwards state, utilized			2,156,000
Unrecognized tax benefits	$ 25,200,000		$ 25,200,000		$ 25,292,000
Effective income tax rate	7.90%	9.60%	8.20%	10.20%
Unrecognized tax benefits that would impact effective tax rate	$ 14,425,000		$ 14,425,000
Federal [Member]
Income Taxes [Line Items]
Operating loss carryforwards	183,753,000		183,753,000
Operating loss carryforwards, valuation allowance	0		$ 0
Operating loss carryforwards, expiration beginning dates			Jan. 1, 2032
Unrecognized tax benefits	57,503,000		$ 57,503,000
Deferred tax assets, operating loss carryforwards	241,255,000		241,255,000
State [Member]
Income Taxes [Line Items]
Operating loss carryforwards	552,333,000		$ 552,333,000
Operating loss carryforwards, expiration beginning dates			Jan. 1, 2023
Unrecognized tax benefits	83,543,000		$ 83,543,000
Deferred tax assets, operating loss carryforwards	$ 635,876,000		$ 635,876,000