Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.4.0.3
Accumulated Other Comprehensive Income
 6 Months Ended
Mar. 31, 2016
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 March 31, 2016 and 2015 were as follows:

      
Post-retirement benefit plans
    
Currency translation adjustment
      
Derivatives
    
Total
  
Attributable to Matthews:
                            
Balance, December 31, 2015
    
$
(42,372
)
  
$
(114,673
)
    
$
(666
)
  
$
(157,711
)
OCI before reclassification
      
-
      
15,412
        
(3,294
)
    
12,117
  
Amounts reclassified from AOCI
(a)
    
1,058
      
-
  
(b)
   
455
      
1,514
  
Net current-period OCI
      
1,058
      
15,412
        
(2,839
)
    
13,631
  
Balance, March 31, 2016
    
$
(41,314
)
  
$
(99,261
)
    
$
(3,505
)
  
$
(144,080
)
Attributable to noncontrolling interest:
                                    
Balance, December 31, 2015
      
-
    
$
313
        
-
    
$
313
  
OCI before reclassification
      
-
      
(1
)
      
-
      
(1
)
Net current-period OCI
      
-
      
(1
)
      
-
      
(1
)
Balance, March 31, 2016
      
-
    
$
312
        
-
    
$
312
  

      
Post-retirement benefit plans
    
Currency translation adjustment
      
Derivatives
    
Total
  
Attributable to Matthews:
                            
Balance, December 31, 2014
    
$
(38,726
)
  
$
(53,649
)
    
$
(610
)
  
$
(92,985
)
OCI before reclassification
      
-
      
(41,648
)
      
(1,744
)
    
(43,392
)
Amounts reclassified from AOCI
(a)
    
965
      
-
  
(b)
   
608
      
1,573
  
Net current-period OCI
      
965
      
(41,648
)
      
(1,136
)
    
(41,819
)
Balance, March 31, 2015
    
$
(37,761
)
  
$
(95,297
)
    
$
(1,746
)
  
$
(134,804
)
Attributable to noncontrolling interest:
                                    
Balance, December 31, 2014
      
-
    
$
506
        
-
    
$
506
  
OCI before reclassification
      
-
      
(61
)
      
-
      
(61
)
Net current-period OCI
      
-
      
(61
)
      
-
      
(61
)
Balance, March 31, 2015
      
-
    
$
445
        
-
    
$
445
  

(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 six month periods ended March 31, 2016 and 2015 were as follows:

 
      
Post-retirement benefit plans
    
Currency translation adjustment
      
Derivatives
    
Total
  
Attributable to Matthews:
                            
Balance, September 30, 2014
    
$
(43,474
)
  
$
(104,604
)
    
$
(2,248
    
$
(150,326
)
OCI before reclassification
      
-
      
5,343
        
(2,218
)
    
3,124
  
Amounts reclassified from AOCI
(a)
    
2,160
      
-
  
(b)
   
961
      
3,122
  
Net current-period OCI
      
2,160
      
5,343
        
(1,257
)
    
6,246
  
Balance, March 31, 2015
    
$
(41,314
)
  
$
(99,261
)
    
$
(3,505
)
  
$
(144,080
)
Attributable to noncontrolling interest:
                                    
Balance, September 30, 2014
      
-
    
$
366
        
-
    
$
366
  
OCI before reclassification
      
-
      
(54
)
      
-
      
(54
)
Net current-period OCI
      
-
      
(54
)
      
-
      
(54
)
Balance, March 31, 2015
      
-
    
$
312
        
-
    
$
312
  

      
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
      
-
      
(67,930
)
      
(3,212
)
    
(71,142
)
Amounts reclassified from AOCI
(a)
    
1,890
      
-
  
(b)
   
1,265
      
3,155
  
Net current-period OCI
      
1,890
      
(67,930
)
      
(1,947
)
    
(67,987
)
Balance, March 31, 2015
    
$
(37,761
)
  
$
(95,297
)
    
$
(1,746
)
  
$
(134,804
)
Attributable to noncontrolling interest:
                                    
Balance, September 30, 2014
      
-
    
$
516
        
-
    
$
516
  
OCI before reclassification
      
-
      
(71
)
      
-
      
(71
)
Net current-period OCI
      
-
      
(71
)
      
-
      
(71
)
Balance, March 31, 2015
      
-
    
$
445
        
-
    
$
445
  

(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 six month periods ended March 31, 2016 were as follows:

   
Amount reclassified from AOCI
 
Details about AOCI Components
  
Three months ended
March 31, 2016
      
Six months ended
March 31, 2016
  
Affected line item in the Statement of income
                     
Postretirement benefit plans
                   
     Prior service (cost) credit
  
$
95
  
(a)
  
$
190
    
     Actuarial losses
    
(1,866
)
(a)
    
(3,732
)
  
     
(1,771
)
(b)
    
(3,542
)
Total before tax
     
(713
)
      
(1,382
)
Tax provision (benefit)
   
$
(1,058
)
    
$
(2,160
)
Net of tax
Derivatives
                       
     Interest rate swap contracts
  
$
(746
)
    
$
(1,576
)
Interest expense
     
(746
)
(b)
    
(1,576
)
Total before tax
     
(291
)
      
(615
)
Tax provision (benefit)
   
$
(455
)
    
$
(961
)
Net of tax

Reclassifications out of AOCI for the three and six month periods ended March 31, 2015 were as follows:

   
Amount reclassified from AOCI
 
Details about AOCI Components
  
Three months ended
March 31, 2015
      
Six months ended
March 31, 2015
  
Affected line item in the Statement of income
                     
Postretirement benefit plans
                   
     Prior service (cost) credit
  
$
94
  
(a)
  
$
188
    
     Actuarial losses
    
(1,564
)
(a)
    
(3,128
)
  
     
(1,470
)
(b)
    
(2,940
)
Total before tax
     
(505
)
      
(1,050
)
Tax provision (benefit)
   
$
(965
)
    
$
(1,890
)
Net of tax
Derivatives
                       
     Interest rate swap contracts
  
$
(996
)
    
$
(2,073
)
Interest expense
     
(996
)
(b)
    
(2,073
)
Total before tax
     
(388
)
      
(808
)
Tax provision (benefit)
   
$
(608
)
    
$
(1,265
)
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.