Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v3.5.0.2
Accumulated Other Comprehensive Income
 9 Months Ended
Jun. 30, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income

The changes in AOCI by component, net of tax, for the three-month periods ended June 30, 2016 and 2015 were as follows:
 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, March 31, 2016
 
$
(41,314
)
 
$
(99,261
)
 
$
(3,505
)
 
$
(144,080
)
OCI before reclassification
 
—

 
(23,692
)
 
(2,074
)
 
(25,766
)
Amounts reclassified from AOCI
(a)
1,098

 
—

(b)
518

 
1,616

Net current-period OCI
 
1,098

 
(23,692
)
 
(1,556
)
 
(24,150
)
Balance, June 30, 2016
 
$
(40,216
)
 
$
(122,953
)
 
$
(5,061
)
 
$
(168,230
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, March 31, 2016
 
—

 
$
312

 
—

 
$
312

OCI before reclassification
 
—

 
(57
)
 
—

 
(57
)
Net current-period OCI
 
—

 
(57
)
 
—

 
(57
)
Balance, June 30, 2016
 
—

 
$
255

 
—

 
$
255


 
  
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


(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).


Note 9.   Accumulated Other Comprehensive Income (continued)

The changes in AOCI by component, net of tax, for the nine-month periods ended June 30, 2016 and 2015 were as follows:
 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, September 30, 2015
 
$
(43,474
)
 
$
(104,604
)
 
$
(2,248
)
 
$
(150,326
)
OCI before reclassification
 
—

 
(18,349
)
 
(4,292
)
 
(22,641
)
Amounts reclassified from AOCI
(a)
3,258

 
—

(b)
1,479

 
4,737

Net current-period OCI
 
3,258

 
(18,349
)
 
(2,813
)
 
(17,904
)
Balance, June 30, 2016
 
$
(40,216
)
 
$
(122,953
)
 
$
(5,061
)
 
$
(168,230
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, September 30, 2015
 
—

 
$
366

 
—

 
$
366

OCI before reclassification
 
—

 
(111
)
 
—

 
(111
)
Net current-period OCI
 
—

 
(111
)
 
—

 
(111
)
Balance, June 30, 2016
 
—

 
$
255

 
—

 
$
255


 
  
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


(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).


Note 9.   Accumulated Other Comprehensive Income (continued)

Reclassifications out of AOCI for the three and nine-month periods ended June 30, 2016 were as follows:
 
 
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three Months Ended
June 30, 2016
 
Nine Months Ended
June 30, 2016
 
Affected line item in the Statement of income
 
 
 
 
 
 
 
Postretirement benefit plans
 
 
 
 
 
    
Prior service (cost) credit
 
$
95

(a)
$
285

 
 
Actuarial losses
 
(1,866
)
(a)
(5,598
)
 
 
 
 
(1,771
)
(b)
(5,313
)
 
Total before tax
 
 
(673
)
 
(2,055
)
 
Tax provision (benefit)
 
 
$
(1,098
)
 
$
(3,258
)
 
Net of tax
Derivatives
 
 

 
 

 
    
Interest rate swap contracts
 
$
(848
)
 
$
(2,424
)
 
Interest expense
 
 
(848
)
(b)
(2,424
)
 
Total before tax
 
 
(330
)
 
(945
)
 
Tax provision (benefit)
 
 
$
(518
)
 
$
(1,479
)
 
Net of tax

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

(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.