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STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Sep. 30, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Compensation Cost for Share-based Payment Arrangements, Allocation of Share-based Compensation Costs by Plan
The following table summarizes all stock-based compensation expense recognized during the following fiscal years:
(Thousands)
2013
2012
2011
Stock-based compensation expense:
 
 
 
Performance shares
$
1,049

$
1,276

$
915

Restricted stock
1,081

1,362

1,932

Compensation expense included in operation and maintenance expense
2,130

2,638

2,847

Income tax benefit
(870
)
(1,078
)
(1,163
)
Total, net of tax
$
1,260

$
1,560

$
1,684
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes the stock option activity for the past three fiscal years:
 
Shares
Weighted Average
Exercise Price
Outstanding at September 30, 2010
263,128

 
$27.24
 
Granted
—

 
—

 
Exercised
(152,448
)
 
$26.86
 
Forfeited
(917
)
 
$18.11
 
Outstanding at September 30, 2011
109,763

 
$27.84
 
Granted
—

 
—

 
Exercised
(28,138
)
 
$25.30
 
Forfeited
—

 
—

 
Outstanding at September 30, 2012
81,625

 
$28.71
 
Granted
—

 
—

 
Exercised
(15,000
)
 
$25.08
 
Forfeited
—

 
—

 
Outstanding at September 30, 2013
66,625

 
$29.53
 
Exercisable at September 30, 2013
66,625

 
$29.53
 
Exercisable at September 30, 2012
81,625

 
$28.71
 
Exercisable at September 30, 2011
109,763

 
$27.84
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range
The following table summarizes stock options outstanding and exercisable as of September 30, 2013:
 
Outstanding and Exercisable
Exercise Price Range
Number
Of Stock
Options
Weighted Average
Remaining
Contractual Term
(in years)
Weighted
Average
Exercise
Price
Aggregate
Intrinsic
Value
(in thousands)
$25.12 - $28.65
17,250

1.2
$27.75
 
$
479

 
$28.66 - $30.37
49,375

1.6
$30.15
 
$
1,489

 
Total
66,625

1.5
$29.53
 
$
1,968

 
Schedule of Nonvested Share Activity
The following table summarizes the performance share activity under the NJR 2007 Stock Award and Incentive Plan for the past three fiscal years:
 
Shares (1)
Weighted Average
Grant Date
Fair Value
Non-vested and outstanding at September 30, 2010
50,475

 
$31.07
 
Granted
56,325

 
$26.24
 
Vested
—

 
—

 
Cancelled/forfeited
(773
)
 
$29.74
 
Non-vested and outstanding at September 30, 2011
106,027

 
$28.04
 
Granted
28,418

 
$47.17
 
Vested (2)
(49,702
)
 
$30.08
 
Cancelled/forfeited
—

 
—

 
Non-vested and outstanding at September 30, 2012
84,743

 
$33.26
 
Granted
49,904

 
$30.74
 
Vested
—

 
—

 
Cancelled/forfeited (3)
(56,325
)
 
$26.24
 
Non-vested and outstanding at September 30, 2013
78,322

 
$36.70
 
(1)
The number of common shares issued related to performance shares may range from zero to 150 percent of the number of shares shown in the table above based on the Company's achievement of performance goals associated with NJR total shareowner return relative to a selected peer group of companies.
(2)
As certified by the Company's Leadership and Compensation Committee on November 13, 2012, the number of common shares related to performance shares and market condition shares earned was 68.8 percent , or 15,427 shares and 70 percent, or 19,095 shares, respectively. The number represented on this line is the target number of 100 percent. See footnote (1) above.
(3)
As certified by the Company's Leadership and Compensation Committee on November 12, 2013, the number of common shares granted in fiscal 2011 related to performance shares and market condition shares earned was zero percent. The number represented on this line is the target number of 100 percent. See footnote (1) above.
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The following table summarizes the restricted stock activity under the NJR 2007 Stock Award and Incentive Plan for the past three fiscal years:
 
Shares

Weighted Average
Grant Date
Fair Value
Total Fair Value of Vested Shares (in Thousands)
Non-vested and outstanding at September 30, 2010
56,365

 
$33.40
 
 
—

 
Granted
62,149

 
$40.74
 
 
—

 
Vested
(41,201
)
 
$(32.29)
 
 
$
1,723

 
Cancelled/forfeited
(216
)
 
$(36.42)
 
 
—

 
Non-vested and outstanding at September 30, 2011
77,097

 
$39.90
 
 
—

 
Granted
51,100

 
$47.17
 
 
—

 
Vested (1)
(68,851
)
 
$(44.86)
 
 
$
3,198

 
Cancelled/forfeited
—

 
—

 
 
—

 
Non-vested and outstanding at September 30, 2012
59,346

 
$40.40
 
 

 
Granted
69,434

 
$40.62
 
 

 
Vested (1)
(86,975
)
 
$(40.28)
 
 
$
3,622

 
Cancelled/forfeited
(2,550
)
 
$(40.74)
 
 

 
Non-vested and outstanding at September 30, 2013
39,255

 
$41.05
 
 

 
(1)
A total of 4,673 previously granted and vested deferred restricted shares were forfeited prior to distribution due to non compliance with the terms of the agreement.