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COMMON STOCK EQUITY | 3 Months Ended
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Dec. 31, 2016
Equity [Abstract] |
COMMON STOCK EQUITY | 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.
NJR satisfies its external common equity requirements, if any, through issuances of its common stock, including the proceeds from stock issuances under its DRP. The DRP allows NJR, at its option, to use treasury shares or newly issued shares to raise capital. In December 2015, NJR registered 5 million shares of NJR common stock for issuance under the DRP. NJR raised $4.6 million and $3.8 million of equity through the DRP, by issuing approximately 139,000 and 127,000 shares of treasury stock, during the three months ended December 31, 2016 and 2015, respectively. Accumulated Other Comprehensive Income (Loss) 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.

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