Capitalization

6 Months Ended

Mar. 31, 2020

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 January 1, 2020	86,552	$	86,552	$	831,146		$	1,320,592		$	(56,150	)
Net Income (Loss) Available for Common Stock							(106,068		)
Dividends Declared on Common Stock ($0.435 Per Share)							(37,654		)
Other Comprehensive Income, Net of Tax										37,233
Share-Based Payment Expense ⁽¹⁾				3,876
Common Stock Issued (Repurchased) Under Stock and Benefit Plans	10	10		422
Balance at March 31, 2020	86,562	$	86,562	$	835,444		$	1,176,870		$	(18,917	)

Balance at October 1, 2019	86,315	$	86,315	$	832,264		$	1,272,601		$	(52,155	)
Net Income (Loss) Available for Common Stock							(19,477		)
Dividends Declared on Common Stock ($0.87 Per Share)							(75,304		)
Cumulative Effect of Adoption of Authoritative Guidance for Hedging							(950		)
Other Comprehensive Income, Net of Tax										33,238
Share-Based Payment Expense⁽¹⁾				6,704
Common Stock Issued (Repurchased) Under Stock and Benefit Plans	247	247		(3,524		)
Balance at March 31, 2020	86,562	$	86,562	$	835,444		$	1,176,870		$	(18,917	)

Balance at January 1, 2019	86,271	$	86,271	$	817,076		$	1,172,334		$	(28,690	)
Net Income Available for Common Stock							90,595
Dividends Declared on Common Stock ($0.425 Per Share)							(36,678		)
Cumulative Effect of Adoption of Authoritative Guidance for Reclassification of Stranded Tax Effects							10,406
Other Comprehensive Loss, Net of Tax										(25,596		)
Share-Based Payment Expense ⁽¹⁾				5,038
Common Stock Issued (Repurchased) Under Stock and Benefit Plans	30	30		(277		)
Balance at March 31, 2019	86,301	$	86,301	$	821,837		$	1,236,657		$	(54,286	)

Balance at October 1, 2018	85,957	$	85,957	$	820,223		$	1,098,900		$	(67,750	)
Net Income Available for Common Stock							193,256
Dividends Declared on Common Stock ($0.85 Per Share)							(73,342		)
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										13,464
Share-Based Payment Expense ⁽¹⁾				9,955
Common Stock Issued (Repurchased) Under Stock and Benefit Plans	344	344		(8,341		)
Balance at March 31, 2019	86,301	$	86,301	$	821,837		$	1,236,657		$	(54,286	)


⁽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 six months ended March 31, 2020, the Company issued 87,135 original issue shares of common stock for restricted stock units that vested and 231,246 original issue shares of common stock for performance shares that vested. The Company also issued 19,133 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 six months ended March 31, 2020. Holders of stock-based compensation awards will often tender shares of common stock to the Company for payment of applicable withholding taxes. During the six months ended March 31, 2020, 91,269 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 March 31, 2020 and September 30, 2019 had a maturity date within the following twelve-month period.