Matthews International Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Derivatives and Hedging Instruments (Tables)

Derivatives and Hedging Instruments (Tables)

9 Months Ended

Jun. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate Swap Contracts as Reflected on Balance Sheet

At June 30, 2023 and September 30, 2022, derivative instruments were reflected on a gross-basis in the consolidated balance sheets as follows:


Derivatives:	June 30, 2023				September 30, 2022
	Interest Rate Swaps		Cross- Currency Swaps		Interest Rate Swaps		Cross- Currency Swaps
Current assets:
Other current assets	$	365	$	—	$	3,358	$	—
Long-term assets:
Other assets	1,369		—		7,341		3,722
Current liabilities:
Other current liabilities	(127)		—		—		—
Long-term liabilities:
Other liabilities	(436)		(4,368)		—		—
Total derivatives	$	1,171	$	(4,368)	$	10,699	$	3,722

Interest Rate Contracts

The following table presents information related to interest rate swaps entered into by the Company and designated as cash flow hedges:


	June 30, 2023			September 30, 2022
Notional amount	$	175,000		$	125,000

Weighted-average maturity period (years)	4.4			3.1
Weighted-average received rate	5.14		%	3.14		%
Weighted-average pay rate	3.83		%	1.04		%

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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