XML 50 R29.htm IDEA: XBRL DOCUMENT v3.6.0.2
COMMON STOCK EQUITY (Tables)
3 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Changes in Common Stock Equity
Changes in common stock equity during the three months ended December 31, 2016, were as follows:
(Thousands)
Number of Shares
Common Stock
Premium on Common Stock
Accumulated Other Comprehensive (Loss) Income
Treasury Stock And Other
Retained Earnings
Total
Balance at September 30, 2016
86,086

$
221,654

$
215,580

 
$
(15,155
)
 
$
(81,044
)
$
825,556

$
1,166,591

Net income



 

 

34,929

34,929

Other comprehensive income



 
5,832

 


5,832

Common stock issued:
 
 
 
 
 
 
 
 
 
Incentive plan
200

499

3,779

 

 



4,278

Dividend reinvestment plan (1)
139


(883
)
 

 
5,502


4,619

Cash dividend declared ($.255 per share)



 

 

(21,980
)
(21,980
)
Treasury stock and other
(229
)


 

 
(8,908
)

(8,908
)
Balance at December 31, 2016
86,196

$
222,153

$
218,476

 
$
(9,323
)
 
$
(84,450
)
$
838,505

$
1,185,361


(1)
The DRP allows NJR, at its option, to use newly issued shares to raise capital. There were no new shares issued through the waiver discount feature during fiscal 2017.
Components of Accumulated Other Comprehensive Income (Loss), Net of Tax
The following table presents the changes in the components of accumulated other comprehensive income (loss), net of related tax effects:
(Thousands)
Available for Sale Securities
Cash Flow Hedges
Postemployment Benefit Obligation
Total
Balance at September 30, 2016
$
4,198

 
$

 
$
(19,353
)
 
$
(15,155
)
Other comprehensive income, net of tax
 
 
 
 
 
 
 
Other comprehensive income, before reclassifications, net of tax of $(4,840), $0, $0, $(4,840)
7,042

 

 

 
7,042

Amounts reclassified from accumulated other comprehensive income, net of tax of $1,054, $0, $(217), $837
(1,527
)
 


317

(2) 
(1,210
)
Net current-period other comprehensive income, net of tax of $(3,786), $0, $(217), $(4,003)
5,515

 

 
317

 
5,832

Balance at December 31, 2016
$
9,713

 
$

 
$
(19,036
)
 
$
(9,323
)
 
 
 
 
 
 
 
 
Balance as of September 30, 2015
$
6,385

 
$

 
$
(15,779
)
 
$
(9,394
)
Other comprehensive income (loss), net of tax
 
 
 
 
 
 
 
Other comprehensive income (loss), before reclassifications, net of tax of ($2,614), $23, $0, ($2,591)
3,701

 
(41
)
 

 
3,660

Amounts reclassified from accumulated other comprehensive income, net of tax of $0, ($4), ($174), ($178)

 
8

(1) 
256

(2) 
264

Net current-period other comprehensive income, net of tax of ($2,614), $19, $(174), $(2,769)
3,701

 
(33
)
 
256

 
3,924

Balance as of December 31, 2015
$
10,086

 
$
(33
)
 
$
(15,523
)
 
$
(5,470
)
(1)
Consists of realized losses related to foreign currency derivatives, which are reclassified to gas purchases on the Unaudited Condensed Consolidated Statements of Operations.
(2)
Included in the computation of net periodic pension cost, a component of operations and maintenance expense on the Unaudited Condensed Consolidated Statements of Operations.