Question-and-Answer Session
Operator
Thank you, sir. (Operator Instructions) Our first question or comment is from the line of Michael Gresens with Robert W. Baird. Your line is open.
Michael Gresens - Robert W. Baird
Good morning, everybody.
Pete Nelson
Hi Michael. How you doing?
Martin Kropelnicki
Morning, Michael.
Michael Gresens - Robert W. Baird
Good. On the capital expenditure plans, it looks like you've then -- the second quarter you've done almost $67 million year to date, implying only $23 million left to spend for the remainder of the year; is that correct?
Martin Kropelnicki
That's a little bit difficult to answer because you have to -- our projects will span multiple periods, which is why I like to give kind of the company funded and what's sitting in work in progress. So, I think you're on the right track with that.
A harder issue is kind of when does something come out of work in progress and actually go into utility plant? A lot of times these are multiyear projects that getting the permits and then getting the approval from Department of Health Services and getting it in the ground and getting the commission approval on will stretch multiple periods. So, overall, we feel like we're on track to come in about where we thought we would be for the year, and we're tracking to our plan.
Michael Gresens - Robert W. Baird
And the acquisitions during the quarter. You had mentioned the Hawaii. Was that indeed closed, and is that the explanation for the increase in the outstanding shares?
Martin Kropelnicki
The increase in outstanding shares, no. We have not -- increase in outstanding shares really is due to changes with FAS 123R. So, we have not issued any new shares in conjunction with any acquisition other than with IUS at the end of 2007. We had a small amount of shares that were issued to fund that acquisition. We talk about in the press release [Kukio]. We filed with the commission for that, and then we are closing on the Pukalani acquisition now.
Michael Gresens - Robert W. Baird
Okay. Thank you.
Martin Kropelnicki
Thanks, Michael.
Operator
Thank you. (Operator Instructions) Our next question or comment is from the line of Heike Doerr with Janney Montgomery Scott. Your line is open.
Heike Doerr - Janney Montgomery Scott
Good morning. Glad to hear everyone is safe and sound in the Cal Water family.
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