The following table represents the total estimated amortization of MARA:
Estimated
Amortization
(in thousands) Expense
2017 $ 1,917
2018 1,958
2019 2,006
2020 2,061
2021 2,119
2022 and thereafter 65,083
Total $ 75,144
Note 13 — Segment Reporting
The Company is comprised of Pennichuck Corporation and its five wholly-owned
subsidiaries, as described in Note 1 to these consolidated financial statements. For the years
ended December 31, 2016 and 2015, and as of those dates, the following financial results
were generated by the segments of the Company:
(in thousands) 2016 2015
Operating Revenues:
Pennichuck Water Works, Inc. $ 30,923 $ 29,677
Pennichuck East Utility, Inc. 7,411 7,229
Pittsfield Aqueduct Company, Inc. 789 761
Subtotal Regulated Segment 39,123 37,667
Water Management Services 3,574 3,171
Other - 2
Total Operating Revenues $ 42,697 §$ 40,840
Depreciation and Amortization Expense:
Pennichuck Water Works, Inc. $ 5,931 §$ 5,629
Pennichuck East Utility, Inc. 1,009 979
Pittsfield Aqueduct Company, Inc. 112 110
Subtotal Regulated Segment 7,052 6,718
Water Management Services ” -
Other (110) (108)
Total Depreciation and Amortization Expense $ 6,942 § 6,610
36
