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COMMON STOCK EQUITY | 3 Months Ended
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Dec. 31, 2017
Equity [Abstract] |
COMMON STOCK EQUITY | 8. COMMON STOCK EQUITY Changes in common stock equity during the three months ended December 31, 2017, 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, 2017 | 86,556 |  | $ | 222,258 |  | $ | 219,696 |  |  | $ | (3,256 | ) |  | $ | (70,039 | ) | $ | 867,984 |  | $ | 1,236,643 |
Net income |  |  |  |  |  |  |  | 123,699 |  | 123,699 |
Other comprehensive income |  |  |  |  | (5,204 | ) |  |  |  | (5,204 | )
Common stock issued: |  |  |  |  |  |  |  |  |
Incentive plan | 525 |  | 1,453 |  | 13,951 |  |  |  |  |  |  |  | 15,404 |
Dividend reinvestment plan (1) | 90 |  |  | 245 |  |  |  |  | 3,554 |  |  | 3,799 |
Waiver discount | 554 |  | 1,384 |  | 21,306 |  |  |  |  |  |  | 22,690 |
Cash dividend declared ($.2725 per share) |  |  |  |  |  |  |  | (23,831 | ) | (23,831 | )
Treasury stock and other | (250 | ) |  | (56 | ) |  |  |  | (25,374 | ) |  | (25,430 | )
Balance at December 31, 2017 | 87,475 |  | $ | 225,095 |  | $ | 255,142 |  |  | $ | (8,460 | ) |  | $ | (91,859 | ) | $ | 967,852 |  | $ | 1,347,770 |
(1) | Shares sold through the DRP are issued from treasury stock at average cost, which may differ from the actual market price paid.
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. NJR raised $3.8 million and $4.6 million of equity through the DRP, by issuing approximately 90,000 and 139,000 shares of treasury stock, during the three months ended December 31, 2017 and 2016, respectively. During the three months ended December 31, 2017, NJR raised approximately $22.7 million of equity by issuing approximately 554,000 new shares through the waiver discount feature of the DRP. NJR issued no new shares during the three months ended December 31, 2016. 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 during the three months ended December 31, 2017 and 2016:
(Thousands) | Available for Sale Securities | Postemployment Benefit Obligation | Total
Balance at September 30, 2017 | $ | 11,044 |  |  | $ | (14,300 | ) |  | $ | (3,256 | )
Other comprehensive (loss) income, net of tax |  |  |  |  |
Other comprehensive (loss), before reclassifications, net of tax of $851, $0, $851 | (2,290 | ) |  | — |  |  | (2,290 | )
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax of $2,178, $(136), $2,042 | (3,154 | ) |  | 240 |  | (1) | (2,914 | )
Net current-period other comprehensive (loss) income, net of tax of $3,029, $(136), $2,893 | (5,444 | ) |  | 240 |  |  | (5,204 | )
Balance at December 31, 2017 | $ | 5,600 |  |  | $ | (14,060 | ) |  | $ | (8,460 | )
Balance as of September 30, 2016 | $ | 4,198 |  |  | $ | (19,353 | ) |  | $ | (15,155 | )
Other comprehensive income (loss), net of tax |  |  |  |  |
Other comprehensive income, before reclassifications, net of tax of $(4,840), $0, $(4,840) | 7,042 |  |  | — |  |  | 7,042 |
Amounts reclassified from accumulated other comprehensive (loss) income, net of tax of $1,054, $(217), $837 | (1,527 | ) |  | 317 |  | (1) | (1,210 | )
Net current-period other comprehensive income, net of tax of $(3,786), $(217), $(4,003) | 5,515 |  |  | 317 |  |  | 5,832 |
Balance as of December 31, 2016 | $ | 9,713 |  |  | $ | (19,036 | ) |  | $ | (9,323 | )
(1) | 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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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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