COMMON STOCK

6 Months Ended

Jun. 30, 2013

Common Stock [Abstract]

Common Stock

COMMON STOCK:

The following shares were issued and outstanding at June 30:

	2013
Beginning Balance, January 1	31,653,262
New Issues During the Period:
Dividend Reinvestment Plan	231,485
Stock-Based Compensation Plan	78,363
Ending Balance, June 30	31,963,110

The par value ($1.25 per share) of stock issued was recorded in Common Stock and the net excess over par value of approximately $13.6 million was recorded in Premium on Common Stock.

EARNINGS PER COMMON SHARE (EPS) — Basic EPS is based on the weighted-average number of common shares outstanding.  The incremental shares required for inclusion in the denominator for the diluted EPS calculation were 63,174 and 79,355 for the three months ended June 30, 2013 and 2012, respectively, and 58,374 and 76,313 for the six months ended June 30, 2013 and 2012, respectively. These shares relate to SJI's restricted stock as discussed in Note 2.

DIVIDEND REINVESTMENT PLAN (DRP) —The Company offers a DRP which allows participating shareholders to purchase shares of SJI common stock by automatic reinvestment of dividends or optional purchases. Shares of common stock offered by the DRP have been issued directly by SJI from its authorized but unissued shares of common stock. The Company raised $12.5 million and $9.3 million of equity capital through the DRP during the six months ended June 30, 2013 and 2012, respectively.