Capitalization

9 Months Ended

Jun. 30, 2019

Capitalization, Long-term Debt and Equity [Abstract]

Summary of Changes in Common Stock Equity



	Common Stock			Paid In Capital			Earnings Reinvested in the Business			Accumulated Other Comprehensive Income (Loss)
	Shares	Amount		Paid In Capital			Earnings Reinvested in the Business			Accumulated Other Comprehensive Income (Loss)
	(Thousands, except per share amounts)
Balance at April 1, 2019	86,301	$	86,301	$	821,837		$	1,236,657		$	(54,286	)
Net Income Available for Common Stock							63,753
Dividends Declared on Common Stock ($0.435 Per Share)							(37,543		)
Other Comprehensive Income, Net of Tax										21,620
Share-Based Payment Expense ⁽¹⁾				5,054
Common Stock Issued Under Stock and Benefit Plans	6	6		352
Balance at June 30, 2019	86,307	$	86,307	$	827,243		$	1,262,867		$	(32,666	)

Balance at October 1, 2018	85,957	$	85,957	$	820,223		$	1,098,900		$	(67,750	)
Net Income Available for Common Stock							257,009
Dividends Declared on Common Stock ($1.285 Per Share)							(110,885		)
Cumulative Effect of Adoption of Authoritative Guidance for Financial Assets and Liabilities							7,437
Cumulative Effect of Adoption of Authoritative Guidance for Reclassification of Stranded Tax Effects							10,406
Other Comprehensive Income, Net of Tax										35,084
Share-Based Payment Expense ⁽¹⁾				15,008
Common Stock Issued (Repurchased) Under Stock and Benefit Plans	350	350		(7,988		)
Balance at June 30, 2019	86,307	$	86,307	$	827,243		$	1,262,867		$	(32,666	)

Balance at April 1, 2018	85,882	$	85,882	$	810,126		$	1,070,939		$	(47,760	)
Net Income Available for Common Stock							63,025
Dividends Declared on Common Stock ($0.425 Per Share)							(36,526		)
Other Comprehensive Loss, Net of Tax										(24,636		)
Share-Based Payment Expense ⁽¹⁾				3,558
Common Stock Issued Under Stock and Benefit Plans	62	62		2,711
Balance at June 30, 2018	85,944	$	85,944	$	816,395		$	1,097,438		$	(72,396	)

Balance at October 1, 2017	85,543	$	85,543	$	796,646		$	851,669		$	(30,123	)
Net Income Available for Common Stock							353,527
Dividends Declared on Common Stock ($1.255 Per Share)							(107,758		)
Other Comprehensive Loss, Net of Tax										(42,273		)
Share-Based Payment Expense ⁽¹⁾				10,632
Common Stock Issued Under Stock and Benefit Plans	401	401		9,117
Balance at June 30, 2018	85,944	$	85,944	$	816,395		$	1,097,438		$	(72,396	)


⁽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 nine months ended June 30, 2019, the Company issued 126,879 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 20,501 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 nine months ended June 30, 2019. Holders of stock-based compensation awards will often tender shares of common stock to the Company for payment

of applicable withholding taxes. During the nine months ended June 30, 2019, 159,137 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 June 30, 2019 and September 30, 2018 had a maturity date within the following twelve-month period.