Matthews International Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

FAIR VALUE MEASUREMENTS (Tables)

FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Sep. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

As of September 30, 2019 and 2018, the fair values of the Company's assets and liabilities measured on a recurring basis were categorized as follows:



	September 30, 2019
	Level 1				Level 2				Level 3				Total
Assets:
Derivatives ⁽¹⁾	$	—			$	845			$	—			$	845
Equity and fixed income mutual funds	—				22,986				—				22,986
Life insurance policies	—				4,030				—				4,030
Total assets at fair value	$	—			$	27,861			$	—			$	27,861

Liabilities:
Derivatives⁽¹⁾	$	—			$	1,379			$	—			$	1,379
Total liabilities at fair value	$	—			$	1,379			$	—			$	1,379

⁽¹⁾ Interest rate swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.



	September 30, 2018
	Level 1				Level 2				Level 3				Total
Assets:
Derivatives⁽¹⁾	$	—			$	11,309			$	—			$	11,309
Equity and fixed income mutual funds	—				22,758				—				22,758
Life insurance policies	—				5,894				—				5,894
Total assets at fair value	$	—			$	39,961			$	—			$	39,961

Liabilities:
Derivatives ⁽¹⁾	$	—			$	—			$	—			$	—
Total liabilities at fair value	$	—			$	—			$	—			$	—

⁽¹⁾ Interest rate swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy.