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Capitalization
3 Months Ended
Dec. 31, 2013
Capitalization [Abstract]  
Capitalization

Note 5 - Capitalization

 

Common Stock.  During the three months ended December  31, 2013, the Company issued 39,500 original issue shares of common stock as a result of stock option exercises and 8,732 original issue shares of common stock for restricted stock units that vested.  In addition, the Company issued 24,788 original issue shares of common stock for the Direct Stock Purchase and Dividend Reinvestment Plan and 15,712 original issue shares of common stock for the Company’s 401(k) plans.  The Company also issued 3,850 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, 2013.  Holders of stock options, SARs, restricted share awards or restricted stock units 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,  2013, 13,149 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 at December  31, 2013 will mature within the following twelve-month period.