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Capitalization
3 Months Ended
Dec. 31, 2012
Capitalization [Abstract]  
Capitalization

Note 5 - Capitalization

 

Common Stock.  During the three months ended December 31, 2012, the Company issued 342,822 original issue shares of common stock as a result of stock option and SARs exercises.  In addition, the Company issued 60,631 original issue shares of common stock for the Direct Stock Purchase and Dividend Reinvestment Plan.  The Company also issued 4,050 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, 2012.  Holders of stock options, SARs or restricted stock will often tender shares of common stock to the Company for payment of option exercise prices and/or applicable withholding taxes.  During the three months ended December 31, 2012, 255,518 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.  Current Portion of Long-Term Debt at both December 31, 2012 and September 30, 2012 consisted of $250 million of 5.25% notes that mature in March 2013.