Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.2.0.727
Accumulated Other Comprehensive Income
 9 Months Ended
Jun. 30, 2015
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
Note 9.   Accumulated Other Comprehensive Income

The changes in AOCI by component, net of tax, for the three month periods ended June 30, 2015 and 2014 were as follows:
      
Post-retirement benefit plans
    
Currency translation adjustment
    
Derivatives
    
Total
  
Attributable to Matthews:
                  
Balance, March 31, 2015    $ (37,761 )   $ (95,297 )   $ (1,746 )   $ (134,804 )
OCI before reclassification
      
-
      
8,283
      
664
      
8,947
  
Amounts reclassified from AOCI
 
  (a)  
876
      
-
    (b)  
581
      
1,457
  
Net current-period OCI
      
876
      
8,283
      
1,245
      
10,404
  
Balance, June 30, 2015
    
$
(36,885
)
  
$
(87,014
)
  
$
(501
)
  
$
(124,400
)
Attributable to noncontrolling
interest:
                                  
Balance, March 31, 2015
      
-
    
$
445
      
-
    
$
445
  
OCI before reclassification
      
-
      
(9
)
    
-
      
(9
)
Net current-period OCI
      
-
      
(9
)
    
-
      
(9
)
Balance, June 30, 2015
      
-
    
$
436
      
-
    
$
436
  

      
Post-retirement benefit plans
    
Currency translation adjustment
    
Derivatives
    
Total
  
Attributable to Matthews:
                  
Balance, March 31, 2014   $ (29,043 )   $ 6,483     $ 273     $ (22,287 )
OCI before reclassification
      
-
      
477
      
(1,965
)
    
(1,488
)
Amounts reclassified from AOCI
 
  (a)  
565
      
-
    (b)  
1,212
      
1,777
  
Net current-period OCI
      
565
      
477
      
(753
)
    
289
  
Balance, June 30, 2014
    
$
(28,478
)
  
$
6,960
    
$
(480
)
  
$
(21,998
)
Attributable to noncontrolling interest:
                                  
Balance, March 31, 2014
      
-
    
$
347
      
-
    
$
347
  
OCI before reclassification
      
-
      
120
      
-
      
120
  
Net current-period OCI
      
-
      
120
      
-
      
120
  
Balance, June 30, 2014
      
-
    
$
467
      
-
    
$
467
  

(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see note 8).
(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see note 5).
 
The changes in AOCI by component, net of tax, for the nine month periods ended June 30, 2015 and 2014 were as follows:
      
Post-retirement benefit plans
    
Currency translation adjustment
    
Derivatives
    
Total
  
Attributable to Matthews:
                  
Balance, September 30, 2014    $ (39,651 )   $ (27,367 )   $ 201     $ (66,817 )
OCI before reclassification
      
-
      
(59,647
)
    
(2,548
)
    
(62,195
)
Amounts reclassified from AOCI
 
  (a)  
2,766
      
-
    (b)  
1,846
      
4,612
  
Net current-period OCI
      
2,766
      
(59,647
)
    
(702
)
    
(57,583
)
Balance, June 30, 2015
    
$
(36,885
)
  
$
(87,014
)
  
$
(501
)
  
$
(124,400
)
Attributable to noncontrolling interest:
                                  
Balance, September 30, 2014
      
-
    
$
516
      
-
    
$
516
  
OCI before reclassification
      
-
      
(80
)
    
-
      
(80
)
Net current-period OCI
      
-
      
(80
)
    
-
      
(80
)
Balance, June 30, 2015
      
-
    
$
436
      
-
    
$
436
  

      
Post-retirement benefit plans
    
Currency translation adjustment
    
Derivatives
    
Total
  
Attributable to Matthews:
                  
Balance, September 30, 2013   $ (30,100 )   $ 3,714     $ (554 )   $ (26,940 )
OCI before reclassification
      
-
      
3,246
      
(2,437
)
    
809
  
Amounts reclassified from AOCI
 
  (a)  
1,622
      
-
    (b)  
2,511
      
4,133
  
Net current-period OCI
      
1,622
      
3,246
      
74
      
4,942
  
Balance, June 30, 2014
    
$
(28,478
)
  
$
6,960
    
$
(480
)
  
$
(21,998
)
Attributable to noncontrolling interest:
                                  
Balance, September 30, 2013
      
-
    
$
401
      
-
    
$
401
  
OCI before reclassification
      
-
      
66
      
-
      
66
  
Net current-period OCI
      
-
      
66
      
-
      
66
  
Balance, June 30, 2014
      
-
    
$
467
      
-
    
$
467
  

(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see note 8).
(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see note 5).
 
Reclassifications out of AOCI for the three and nine month periods ended June 30, 2015 were as follows:

   
Amount reclassified from AOCI
 
Details about AOCI Components
  
Three months ended June 30, 2015
    
Nine months ended June 30, 2015
  
Affected line item in the Statement of income
               
Postretirement benefit plans
             
     Prior service (cost) credit
  
$
94
    (a)
$
282
    
     Actuarial losses
    
(1,564
)
  (a)  
(4,692
)
  
     
(1,470
)
  (b)  
(4,410
)
Total before tax
     
(594
)
    
(1,644
)
Tax provision (benefit)
   
$
(876
)
  
$
(2,766
)
Net of tax
Derivatives
                     
     Interest rate swap contracts
  
$
(953
)
  
$
(3,026
)
Interest expense
     
(953
)
  (b)  
(3,026
)
Total before tax
     
(372
)
    
(1,180
)
Tax provision (benefit)
   
$
(581
)
  
$
(1,846
)
Net of tax

Reclassifications out of AOCI for the three and nine month periods ended June 30, 2014 were as follows:

   
Amount reclassified from AOCI
 
Details about AOCI Components
  
Three months ended June 30, 2014
    
Nine months ended June 30, 2014
  
Affected line item in the Statement of income
               
Postretirement benefit plans
             
     Prior service (cost) credit
  
$
75
    (a)
$
222
    
     Actuarial losses
    
(942
)
  (a)  
(2,826
)
  
     
(867
)
  (b)  
(2,604
)
Total before tax
     
(302
)
    
(982
)
Tax provision (benefit)
   
$
(565
)
  
$
(1,622
)
Net of tax
Derivatives
                     
     Interest rate swap contracts
  
$
(1,987
)
  
$
(4,117
)
Interest expense
     
(1,987
)
  (b)  
(4,117
)
Total before tax
     
(775
)
    
(1,606
)
Tax provision (benefit)
   
$
(1,212
)
  
$
(2,511
)
Net of tax

(a) Amounts are included in the computation of pension and other postretirement benefit expense, which is reported in both cost of goods sold and selling and administrative expenses.  For additional information, see Note 8.
(b) For pre-tax items, positive amounts represent income and negative amounts represent expense.