v3.25.2
Capitalization (Tables)
9 Months Ended
Jun. 30, 2025
Capitalization, Long-Term Debt and Equity [Abstract]  
Summary of Changes in Common Stock Equity
Summary of Changes in Common Stock Equity
 Common StockPaid In
Capital
Earnings
Reinvested
in the
Business
Accumulated
Other
Comprehensive
Income (Loss)
SharesAmount
 (Thousands, except per share amounts)
Balance at April 1, 202590,398 $90,398 $1,042,822 $1,855,366 $(222,975)
Net Income Available for Common Stock149,818 
Dividends Declared on Common Stock ($0.535 Per Share)
(48,340)
Other Comprehensive Income, Net of Tax107,168 
Share-Based Payment Expense (1)
4,685 
Common Stock Issued Under Stock and Benefit Plans12 12 529 
Share Repurchases Under Repurchase Plan(54)(54)(630)(3,311)
Balance at June 30, 202590,356 $90,356 $1,047,406 $1,953,533 $(115,807)
Balance at October 1, 202491,006 $91,006 $1,045,487 $1,727,326 $(15,476)
Net Income Available for Common Stock411,162 
Dividends Declared on Common Stock ($1.565 Per Share)
(141,566)
Other Comprehensive Loss, Net of Tax(100,331)
Share-Based Payment Expense (1)
13,911 
Common Stock Issued (Repurchased) Under Stock and Benefit Plans179 179 (2,377)
Share Repurchases Under Repurchase Plan(829)(829)(9,615)(43,389)
Balance at June 30, 202590,356 $90,356 $1,047,406 $1,953,533 $(115,807)
Balance at April 1, 202492,032 $92,032 $1,045,929 $2,090,172 $75,340 
Net Loss Available for Common Stock(54,158)
Dividends Declared on Common Stock ($0.515 Per Share)
(47,195)
Other Comprehensive Loss, Net of Tax(70,290)
Share-Based Payment Expense (1)
4,905 
Common Stock Issued Under Stock and Benefit Plans11 11 587 
Share Repurchases Under Repurchase Plan(431)$(431)$(4,942)$(18,435)
Balance at June 30, 202491,612 $91,612 $1,046,479 $1,970,384 $5,050 
Balance at October 1, 202391,819 $91,819 $1,040,761 $1,885,856 $(55,060)
Net Income Available for Common Stock245,134 
Dividends Declared on Common Stock ($1.505 Per Share)
(138,354)
Other Comprehensive Income, Net of Tax60,110 
Share-Based Payment Expense (1)
14,262 
Common Stock Issued (Repurchased) Under Stock and Benefit Plans
320 320 (2,514)
Share Repurchases Under Repurchase Plan(527)$(527)$(6,030)$(22,252)
Balance at June 30, 202491,612 $91,612 $1,046,479 $1,970,384 $5,050 

(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.
Summary of Common Stock Share Activity Common stock share activity during the nine months ended June 30, 2025 consisted of the following items:
Nine Months Ended June 30, 2025
Vesting of Restricted Stock Units125,528 
Vesting of Performance Shares89,843 
Issuance of Common Stock Pursuant to the Company's Non-Employee Director Equity
Compensation Plan and Deferred Compensation Plan for Directors and Officers
28,699 
Shares Tendered to Pay Withholding Taxes on Stock-Based Compensation Awards (1)
(65,387)
Common Stock Issued Under Stock and Benefit Plans178,683 
Share Repurchases Under Repurchase Plan(828,720)
Total Net Shares Repurchased During the Nine Months Ended June 30, 2025(650,037)
(1)    The Company considers all shares tendered as cancelled shares restored to the status of authorized but unissued shares, in accordance with New Jersey law.