10-Q Filing

RGC RESOURCES INC CIK: 1069533 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001437749-23-002782`
Period End Date	20221231
Filing Date	20230208
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	rgco20221231_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 117 Income Statement 30 Cash Flow Statement 50 Stockholders Equity 20 Comprehensive Income 10

Balance Sheet 117 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for uncollectible	`AllowanceForDoubtfulAccountsReceivableCurrent`	$371.27K	USD	Point-in-time
Accounts receivable, allowance for uncollectible	`AllowanceForDoubtfulAccountsReceivableCurrent`	$662.05K	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$5.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$3.23M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$5.00	USD	Point-in-time
Cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$4.90M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable (less allowance for credit losses of $662,054, and $371,271, respectively)	`AccountsReceivableNetCurrent`	$5.35M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	20.00M	shares	Point-in-time
Accounts receivable (less allowance for credit losses of $662,054, and $371,271, respectively)	`AccountsReceivableNetCurrent`	$21.03M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.82M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	9.85M	shares	Point-in-time
Materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$1.34M	USD	Point-in-time
Materials and supplies	`InventoryRawMaterialsAndSuppliesNetOfReserves`	$1.23M	USD	Point-in-time
Gas in storage	`EnergyRelatedInventoryNaturalGasInStorage`	$16.92M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.82M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	9.85M	shares	Point-in-time
Gas in storage	`EnergyRelatedInventoryNaturalGasInStorage`	$15.25M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.29M	USD	Point-in-time
Prepaid income taxes	`PrepaidTaxes`	$3.09M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockNoParValue`	-	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$1.88M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Regulatory assets	`RegulatoryAssetsCurrent`	$314.76K	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Interest rate swaps	`DerivativeAssetsCurrent`	$1.22M	USD	Point-in-time
Interest rate swaps	`DerivativeAssetsCurrent`	$1.26M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$2.12M	USD	Point-in-time
Other	`OtherAssetsCurrent`	$967.50K	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$47.85M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$35.55M	USD	Point-in-time
In service	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$294.96M	USD	Point-in-time
In service	`PublicUtilitiesPropertyPlantAndEquipmentPlantInService`	$290.94M	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$81.74M	USD	Point-in-time
Accumulated depreciation and amortization	`PublicUtilitiesPropertyPlantAndEquipmentAccumulatedDepreciation`	$80.24M	USD	Point-in-time
In service, net	`PublicUtilitiesPropertyPlantAndEquipmentInServiceNet`	$213.22M	USD	Point-in-time
In service, net	`PublicUtilitiesPropertyPlantAndEquipmentInServiceNet`	$210.70M	USD	Point-in-time
Construction work in progress	`PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress`	$21.63M	USD	Point-in-time
Construction work in progress	`PublicUtilitiesPropertyPlantAndEquipmentConstructionWorkInProgress`	$19.16M	USD	Point-in-time
Utility property, net	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$234.85M	USD	Point-in-time
Utility property, net	`PublicUtilitiesPropertyPlantAndEquipmentNet`	$229.86M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$5.42M	USD	Point-in-time
Regulatory assets	`RegulatoryAssetsNoncurrent`	$5.45M	USD	Point-in-time
Investment in unconsolidated affiliates	`LongTermInvestments`	$13.77M	USD	Point-in-time
Investment in unconsolidated affiliates	`LongTermInvestments`	$14.63M	USD	Point-in-time
Benefit plan assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$749.34K	USD	Point-in-time
Benefit plan assets	`DefinedBenefitPlanAssetsForPlanBenefitsNoncurrent`	$622.83K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$952.12K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$1.06M	USD	Point-in-time
Interest rate swaps	`DerivativeAssetsNoncurrent`	$3.58M	USD	Point-in-time
Interest rate swaps	`DerivativeAssetsNoncurrent`	$3.29M	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$293.55K	USD	Point-in-time
Other	`OtherAssetsMiscellaneousNoncurrent`	$336.99K	USD	Point-in-time
Total other non-current assets	`OtherAssetsNoncurrent`	$24.90M	USD	Point-in-time
Total other non-current assets	`OtherAssetsNoncurrent`	$25.26M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$307.95M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$290.31M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$24.70M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$1.30M	USD	Point-in-time
Line-of-credit	`LinesOfCreditCurrent`	$9.39M	USD	Point-in-time
Line-of-credit	`LinesOfCreditCurrent`	-	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.92M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrent`	$1.96M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$8.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$11.12M	USD	Point-in-time
Capital contributions payable	`CapitalContributionsPayable`	$843.97K	USD	Point-in-time
Capital contributions payable	`CapitalContributionsPayable`	$804.51K	USD	Point-in-time
Customer credit balances	`ContractWithCustomerLiabilityCurrent`	$1.27M	USD	Point-in-time
Customer credit balances	`ContractWithCustomerLiabilityCurrent`	$1.40M	USD	Point-in-time
Customer deposits	`ContractWithCustomerRefundLiabilityCurrent`	$1.56M	USD	Point-in-time
Customer deposits	`ContractWithCustomerRefundLiabilityCurrent`	$1.46M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$3.67M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$2.40M	USD	Point-in-time
Regulatory liabilities	`RegulatoryLiabilityCurrent`	$6.91M	USD	Point-in-time
Regulatory liabilities	`RegulatoryLiabilityCurrent`	$3.17M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$60.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$22.32M	USD	Point-in-time
Notes payable	`UnsecuredLongTermDebt`	$113.55M	USD	Point-in-time
Notes payable	`UnsecuredLongTermDebt`	$135.97M	USD	Point-in-time
Less unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$261.00K	USD	Point-in-time
Less unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$275.91K	USD	Point-in-time
Less unamortized debt issuance costs	`UnamortizedDebtIssuanceExpense`	$275.91K	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$113.29M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$135.70M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$10.33M	USD	Point-in-time
Asset retirement obligations	`AssetRetirementObligationsNoncurrent`	$10.20M	USD	Point-in-time
Regulatory cost of retirement obligations	`RegulatoryCostOfRetirementObligations`	$12.52M	USD	Point-in-time
Regulatory cost of retirement obligations	`RegulatoryCostOfRetirementObligations`	$12.28M	USD	Point-in-time
Benefit plan liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$337.54K	USD	Point-in-time
Benefit plan liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$390.53K	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$3.17M	USD	Point-in-time
Regulatory liabilities	`RegulatoryLiabilityNoncurrent`	$13.07M	USD	Point-in-time
Regulatory liabilities	`RegulatoryLiabilityNoncurrent`	$13.22M	USD	Point-in-time
Total deferred credits and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$39.21M	USD	Point-in-time
Total deferred credits and other non-current liabilities	`OtherLiabilitiesNoncurrent`	$39.61M	USD	Point-in-time
Common stock, $5 par; authorized 20,000,000 shares; issued and outstanding 9,851,780 and 9,820,535 shares, respectively	`CommonStockValue`	$49.26M	USD	Point-in-time
Common stock, $5 par; authorized 20,000,000 shares; issued and outstanding 9,851,780 and 9,820,535 shares, respectively	`CommonStockValue`	$49.10M	USD	Point-in-time
Preferred stock, no par, authorized 5,000,000 shares; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, no par, authorized 5,000,000 shares; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$41.99M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$41.48M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$544.16K	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.80M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$1.96M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$94.89M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$102.29M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$99.70M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$93.09M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$307.95M	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$290.31M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$23.26M	USD	1 Quarter
Revenues	`Revenues`	$33.28M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$3.69M	USD	1 Quarter
Operations and maintenance	`UtilitiesOperatingExpenseMaintenanceAndOperations`	$3.92M	USD	1 Quarter
General taxes	`TaxesExcludingIncomeAndExciseTaxes`	$589.05K	USD	1 Quarter
General taxes	`TaxesExcludingIncomeAndExciseTaxes`	$603.21K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.27M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$27.74M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$17.88M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$5.38M	USD	1 Quarter
OPERATING INCOME	`OperatingIncomeLoss`	$5.54M	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$72.13K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$1.23K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$322.44K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$74.61K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.37M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.10M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.25M	USD	1 Quarter
INCOME BEFORE INCOME TAXES	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.67M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$1.08M	USD	1 Quarter
INCOME TAX EXPENSE	`IncomeTaxExpenseBenefit`	$994.75K	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.26M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.58M	USD	1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share)	`EarningsPerShareBasic`	$0.33	USD	1 Quarter
BASIC EARNINGS PER COMMON SHARE (in dollars per share)	`EarningsPerShareBasic`	$0.43	USD	1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share)	`EarningsPerShareDiluted`	$0.43	USD	1 Quarter
DILUTED EARNINGS PER COMMON SHARE (in dollars per share)	`EarningsPerShareDiluted`	$0.33	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$3.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.33M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.48M	USD	1 Quarter
Cost of retirement of utility property, net	`CostOfPlantRetirement`	$-113.50K	USD	1 Quarter
Cost of retirement of utility property, net	`CostOfPlantRetirement`	$-159.17K	USD	1 Quarter
Stock option grants	`StockOptionPlanExpense`	$16.17K	USD	1 Quarter
Stock option grants	`StockOptionPlanExpense`	$5.55K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$72.13K	USD	1 Quarter
Equity in earnings of unconsolidated affiliate	`IncomeLossFromEquityMethodInvestments`	$1.23K	USD	1 Quarter
Allowance for funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions`	$103.77K	USD	1 Quarter
Allowance for funds used during construction	`PublicUtilitiesAllowanceForFundsUsedDuringConstructionAdditions`	-	USD	1 Quarter
Changes in assets and liabilities which used cash, exclusive of changes and noncash transactions shown separately	`IncreaseDecreaseInOperatingCapital`	$7.91M	USD	1 Quarter
Changes in assets and liabilities which used cash, exclusive of changes and noncash transactions shown separately	`IncreaseDecreaseInOperatingCapital`	$9.28M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.42M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-3.54M	USD	1 Quarter
Expenditures for utility property	`PaymentsToAcquirePropertyPlantAndEquipment`	$7.53M	USD	1 Quarter
Expenditures for utility property	`PaymentsToAcquirePropertyPlantAndEquipment`	$5.74M	USD	1 Quarter
Investment in unconsolidated affiliates	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$2.14M	USD	1 Quarter
Investment in unconsolidated affiliates	`PaymentsToAcquireAdditionalInterestInSubsidiaries`	$818.18K	USD	1 Quarter
Proceeds from disposal of utility property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$48.30K	USD	1 Quarter
Proceeds from disposal of utility property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$209.00	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.35M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.83M	USD	1 Quarter
Proceeds from issuance of unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$25.93M	USD	1 Quarter
Proceeds from issuance of unsecured notes	`ProceedsFromIssuanceOfUnsecuredDebt`	$1.10M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$15.00M	USD	1 Quarter
Repayments of notes payable	`RepaymentsOfNotesPayable`	$125.00K	USD	1 Quarter
Borrowings under line-of-credit	`ProceedsFromLinesOfCredit`	$24.12M	USD	1 Quarter
Borrowings under line-of-credit	`ProceedsFromLinesOfCredit`	$17.95M	USD	1 Quarter
Repayments under line-of-credit	`RepaymentsOfLinesOfCredit`	$22.15M	USD	1 Quarter
Repayments under line-of-credit	`RepaymentsOfLinesOfCredit`	$8.56M	USD	1 Quarter
Debt issuance expenses	`PaymentsOfDebtIssuanceCosts`	$39.73K	USD	1 Quarter
Debt issuance expenses	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$294.30K	USD	1 Quarter
Proceeds from issuance of stock	`ProceedsFromIssuanceOfCommonStock`	$652.81K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.92M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$1.55M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.61M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$9.11M	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$233.56K	USD	1 Quarter
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.66M	USD	1 Quarter
BEGINNING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.52M	USD	Point-in-time
BEGINNING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.90M	USD	Point-in-time
BEGINNING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.75M	USD	Point-in-time
BEGINNING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.23M	USD	Point-in-time
ENDING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.52M	USD	Point-in-time
ENDING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$4.90M	USD	Point-in-time
ENDING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$1.75M	USD	Point-in-time
ENDING CASH AND CASH EQUIVALENTS	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.23M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.20	USD	1 Quarter
Common stock issued (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	13,914.00	shares	1 Quarter
Common stock issued (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	31,245.00	shares	1 Quarter
Balance	`StockholdersEquity`	$94.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$102.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$99.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$93.09M	USD	Point-in-time
Net income	`NetIncomeLoss`	$3.26M	USD	1 Quarter
Net income	`NetIncomeLoss`	$3.58M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$351.08K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-168.67K	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$1.96M	USD	1 Quarter
Cash dividends declared	`DividendsCommonStockCash`	$1.64M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$299.85K	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$668.98K	USD	1 Quarter
Balance	`StockholdersEquity`	$94.89M	USD	Point-in-time
Balance	`StockholdersEquity`	$102.29M	USD	Point-in-time
Balance	`StockholdersEquity`	$99.70M	USD	Point-in-time
Balance	`StockholdersEquity`	$93.09M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
NET INCOME	`NetIncomeLoss`	$3.26M	USD	1 Quarter
NET INCOME	`NetIncomeLoss`	$3.58M	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-183.30K	USD	1 Quarter
Interest rate swaps	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$362.27K	USD	1 Quarter
Defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$11.19K	USD	1 Quarter
Defined benefit plans	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-14.63K	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$351.08K	USD	1 Quarter
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAX	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-168.67K	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.94M	USD	1 Quarter
COMPREHENSIVE INCOME	`ComprehensiveIncomeNetOfTax`	$3.09M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.