The following table represents the total estimated amortization of MARA:
Estimated
Amortization
(in thousands) Expense
2019 $ 2,006
2020 2,061
2021 2,119
2022 2,183
2023 2,253
2024 and thereafter 60,646
Total $ 71,268
Note 14 — Segment Reporting
The Company is comprised of Pennichuck Corporation and its five wholly-owned subsidiaries,
as described in Note | to these consolidated financial statements. For the years ended
December 31, 2018 and 2017, and as of those dates, the following financial results were
generated by the segments of the Company:
39
(in thousands) 2018 2017
Operating Revenues:
Pennichuck Water Works, Inc. 32,391 29,584
Pennichuck East Utility, Inc. 8,724 7,198
Pittsfield Aqueduct Company, Inc. 791 792
Subtotal Regulated Segment 41,906 37,574
Water Management Services 3,347 3,308
Other 12 1]
Total Operating Revenues 45,265 40,893
Depreciation and Amortization Expense:
Pennichuck Water Works, Inc. 6,978 6,685
Pennichuck East Utility, Inc. 1,134 1,072
Pittsfield Aqueduct Company, Inc. 115 116
Subtotal Regulated Segment 8,227 7,873
Water Management Services - -
Other (114) (111)
Total Depreciation and Amortization Expense 8,113 7,762
(continued)
