Capitalization

Summary of Changes in Common Stock Equity



	Common Stock			Paid In Capital			Earnings Reinvested in the Business			Accumulated Other Comprehensive Income (Loss)
	Shares	Amount
	(Thousands, except per share amounts)
Balance at October 1, 2017	85,543	$	85,543	$	796,646		$	851,669		$	(30,123	)
Net Income Available for Common Stock							198,654
Dividends Declared on Common Stock ($0.415 Per Share)							(35,590		)
Other Comprehensive Loss, Net of Tax										(10,796		)
Share-Based Payment Expense ⁽¹⁾				3,511
Common Stock Issued Under Stock and Benefit Plans	218	218		191
Balance at December 31, 2017	85,761	85,761		800,348			1,014,733			(40,919		)

Balance at October 1, 2018	85,957	$	85,957	$	820,223		$	1,098,900		$	(67,750	)
Net Income Available for Common Stock							102,660
Dividends Declared on Common Stock ($0.425 Per Share)							(36,663		)
Cumulative Effect of Adoption of Authoritative Guidance for Financial Assets and Liabilities							7,437
Other Comprehensive Income, Net of Tax										39,060
Share-Based Payment Expense ⁽¹⁾				4,917
Common Stock Issued (Repurchased) Under Stock and Benefit Plans	314	314		(8,064		)
Balance at December 31, 2018	86,271	$	86,271	$	817,076		$	1,172,334		$	(28,690	)


⁽¹⁾	Paid in Capital includes compensation costs associated with performance shares and/or restricted stock awards. The expense is included within Net Income Available For Common Stock, net of tax benefits.

Common Stock. During the three months ended December 31, 2018, the Company issued 94,047 original issue shares of common stock as a result of SARs exercises, 79,654 original issue shares of common stock for restricted stock units that vested and 281,882 original issue shares of common stock for performance shares that vested. The Company also issued 7,020 original issue shares of common stock to the non-employee directors of the Company who receive compensation under the Company’s 2009 Non-Employee Director Equity Compensation Plan, as partial consideration for the directors’ services during the three months ended December 31, 2018. Holders of stock-based compensation awards will often tender shares of common stock to the Company for payment of applicable withholding taxes. During the three months ended December 31, 2018, 148,460 shares of common stock were tendered to the Company for such purposes. The Company considers all shares tendered as cancelled shares restored to the status of authorized but unissued shares, in accordance with New Jersey law.

Current Portion of Long-Term Debt. None of the Company's long-term debt as of December 31, 2018 and September 30, 2018 had a maturity date within the following twelve-month period.