| Change in AOCI by Component, Net of Tax |
The changes in AOCI by component, net of tax, for the year ended September 30, 2015 were as follows:
| |
|
|
Postretirement Benefit Plans
|
|
|
Currency Translation Adjustment |
|
|
Derivatives
|
|
|
Total
|
|
Attributable to Matthews: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, September 30, 2014 |
|
|
$ |
(39,651 |
) |
|
$ |
(27,367 |
) |
|
$ |
201 |
|
|
$ |
(66,817 |
) |
OCI before reclassification |
|
|
|
(7,378 |
) |
|
|
(77,237 |
) |
|
|
(4,841 |
) |
|
|
(89,456 |
) |
Amounts reclassified from AOCI |
|
(a) |
|
3,555 |
|
|
|
- |
|
(b) |
|
2,392 |
|
|
|
5,947 |
|
Net current-period OCI |
|
|
|
(3,823 |
) |
|
|
(77,237 |
) |
|
|
(2,449 |
) |
|
|
(83,509 |
) |
Balance, September 30, 2015 |
|
|
$ |
(43,474 |
) |
|
$ |
(104,604 |
) |
|
$ |
(2,248 |
) |
|
$ |
(150,326 |
) |
Attributable to noncontrolling interest: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance, September 30, 2014 |
|
|
$ |
- |
|
|
$ |
516 |
|
|
$ |
- |
|
|
$ |
516 |
|
OCI before reclassification |
|
|
|
- |
|
|
|
(150 |
) |
|
|
- |
|
|
|
(150 |
) |
Net current-period OCI |
|
|
|
- |
|
|
|
(150 |
) |
|
|
- |
|
|
|
(150 |
) |
Balance, September 30, 2015 |
|
|
$ |
- |
|
|
$ |
366 |
|
|
$ |
- |
|
|
$ |
366 |
|
| (a) |
Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11). |
| (b) |
Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 7). |
|
| Reclassifications out of AOCI |
Reclassifications out of AOCI for the year ended September 30, 2015 were as follows:
|
Details about AOCI Components
|
|
|
Year ended
September 30, 2015
|
|
Affected line item in the Statement of Income |
| |
|
|
|
|
|
Postretirement benefit plans |
|
|
|
|
|
Prior service (cost) credit |
|
(a) |
$ |
375 |
|
|
Actuarial losses |
|
(a) |
|
(6,203 |
) |
|
|
(b) |
|
(5,828 |
) |
Total before tax |
| |
|
|
|
(2,273 |
) |
Tax provision (benefit) |
| |
|
|
$ |
(3,555 |
) |
Net of tax |
Derivatives |
|
|
|
|
|
|
Interest rate swap contracts |
|
|
$ |
(3,922 |
) |
Interest expense |
|
(b) |
|
(3,922 |
) |
Total before tax |
| |
|
|
|
(1,530 |
) |
Tax provision (benefit) |
| |
|
|
$ |
(2,392 |
) |
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 11. |
| (b) |
For pre-tax items, positive amounts represent income and negative amounts represent expense. |
|