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1027 - Disclosure - Summary of Significant Accounting Policies (Tables)
(http://www.swgas.com/taxonomy/role/NotesToFinancialStatementsSignificantAccountingPoliciesTextBlockTables)
Table(Implied)
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Reporting Entity [Axis]0000092416 (http://www.sec.gov/CIK)
Accounting Policies [Abstract]Period [Axis]
2016-01-01 - 2016-12-31
Accounting Policies [Abstract]
 
Schedule of Other Property and Investments

Other Property and Investments.    Other property and investments includes (thousands of dollars):

 

      2016     2015  

Centuri property, equipment, and intangibles

    $ 451,114     $ 423,369  

Centuri accumulated provision for depreciation and amortization

      (228,374 )      (221,028 ) 

Net cash surrender value of COLI policies

      106,744       99,276  

Other property

      12,859       11,914  
  

 

 

    

 

 

  

Total

    $ 342,343     $ 313,531  
  

 

 

    

 

 

  
  
Schedule of Goodwill
Natural
Gas
Operations		      Construction
Services		      Consolidated  
(In thousands of dollars)         

December 31, 2015

    $ 10,095      $ 116,050      $ 126,145  

Additional goodwill from ETTI acquisition

      —        10,726        10,726  

Foreign currency translation adjustment

      —        3,112        3,112  
  

 

 

     

 

 

     

 

 

  

December 31, 2016

    $ 10,095      $ 129,888      $ 139,983  
  

 

 

     

 

 

     

 

 
  
Estimated Fair Values of Assets Acquired as of Acquisition Date

The final estimated fair values of assets acquired as of May 6, 2016, the acquisition date, are as follows (in millions of dollars):

 

      Acquisition
Date		  

Property, plant and equipment

    $ 4.3  

Intangible assets

      2.9  

Goodwill

      10.7  
  

 

 

  

Total assets acquired

    $ 17.9  
  

 

 

  
  
Summary of Intangible Assets

Centuri has $37.7 million and $36.8 million of intangible assets (varies due to foreign currency translation) at December 31, 2016 and 2015, respectively, as detailed in the following table (thousands of dollars):

 

December 31, 2016    Gross Carrying
Amount		      Accumulated
Amortization		     Net Carrying
Amount		  

Customer relationships

    $ 34,033      $ (3,906 )    $ 30,127  

Trade names and trademarks

      9,349        (2,565 )      6,784  

Customer contracts backlog

      1,656        (1,656 )      —  

Noncompete agreement

      1,029        (271 )      758  
  

 

 

     

 

 

    

 

 

  

Total

    $ 46,067      $ (8,398 )    $ 37,669  
  

 

 

     

 

 

    

 

 

  

December 31, 2015

                          

Customer relationships

    $ 31,226      $ (2,070 )    $ 29,156  

Trade names and trademarks

      8,621        (1,331 )      7,290  

Customer contracts backlog

      1,606        (1,606 )      —  

Noncompete agreement

      437        (110 )      327  
  

 

 

     

 

 

    

 

 

  

Total

    $ 41,890      $ (5,117 )    $ 36,773  
  

 

 

     

 

 

    

 

 

  

  
Schedule of Estimated Future Amortization of Intangible Assets

The intangible assets (other than goodwill and software-related intangibles) are included in Other property and investments in the Consolidated Balance Sheets. The estimated future amortization of the intangible assets for the next five years is as follows (in thousands):

 

2017

    $ 3,339  

2018

      3,126  

2019

      2,463  

2020

      2,395  

2021

      2,269  

  
Schedule of Capitalized and Debt Portion of AFUDC

Utility plant construction costs, including AFUDC, are recovered in authorized rates through depreciation when completed projects are placed into operation, and general rate relief is requested and granted.

 

      2016     2015     2014  

(In thousands)

       

AFUDC:

       

Debt portion

    $ 1,175     $ 1,666     $ 1,228  

Equity portion

      2,289       3,008       1,995  
  

 

 

    

 

 

    

 

 

  

AFUDC capitalized as part of utility plant

    $ 3,464     $ 4,674     $ 3,223  
  

 

 

    

 

 

    

 

 

  

AFUDC rate

      7.35 %      7.32 %      7.73 % 
  
Other Income (Deductions)

The following table provides the composition of significant items included in Other income (deductions) on the consolidated statements of income (thousands of dollars):

 

      2016     2015     2014  

Change in COLI policies

    $ 7,400     $ (500 )    $ 5,300  

Interest income

      1,849       2,173       2,602  

Equity AFUDC

      2,289       3,008       1,995  

Foreign currency transaction gain (loss)

      (22 )      (824 )      (178 ) 

Equity in earnings of unconsolidated investment - Western

      69       310       107  

Miscellaneous income and (expense)

      (2,116 )      (1,288 )      (2,719 ) 
  

 

 

    

 

 

    

 

 

  

Total other income (deductions)

    $ 9,469     $ 2,879     $ 7,107  
  

 

 

    

 

 

    

 

 

  
  
Schedule of Earnings Per Share, Basic and Diluted

A reconciliation of the denominator used in the Basic and Diluted EPS calculations is shown in the following table.

 

      2016      2015      2014  

(In thousands)

         

Average basic shares

      47,469        46,992        46,494  

Effect of dilutive securities:

         

Stock options

      1        8        17  

Performance shares

      124        171        215  

Restricted stock units

      220        212        218  
  

 

 

     

 

 

     

 

 

  

Average diluted shares

      47,814        47,383        46,944