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

Quarterly report pursuant to Section 13 or 15(d)

Debt (Tables)

Debt (Tables)

3 Months Ended

Dec. 31, 2018

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



	December 31, 2018			September 30, 2018
Pay fixed swaps - notional amount	$	337,500		$	343,750
Net unrealized gain	$	7,467		$	11,309
Weighted-average maturity period (years)	2.5			2.7
Weighted-average received rate	2.50		%	2.26		%
Weighted-average pay rate	1.38		%	1.37		%

Interest Rate Swap Contracts as Reflected on Balance Sheet

At December 31, 2018 and September 30, 2018, the interest rate swap contracts were reflected in the Consolidated Balance Sheets as follows:



Derivatives	December 31, 2018		September 30, 2018
Current assets:
Other current assets	$	2,853	$	3,867
Long-term assets:
Other assets	4,614		7,442
Current liabilities:
Other current liabilities	—		—
Long-term liabilities:
Other liabilities	—		—
Total derivatives	$	7,467	$	11,309

Gain (Loss) on Derivatives

The gains recognized on derivatives were as follows:



Derivatives in Cash Flow Hedging Relationships	Location of Gain Recognized in Income on Derivative	Amount of Gain Recognized in Income on Derivatives


		Three Months Ended December 31,
		2018		2017

Interest rate swaps	Interest expense	$	735	$	63

Note 6. Debt (continued)

The Company recognized the following (losses) gains in AOCI:



Derivatives in Cash Flow Hedging Relationships	Amount of (Loss) Gain Recognized in AOCI on Derivatives					Location of Gain Reclassified From AOCI into Income (Effective Portion*)	Amount of Gain Reclassified from AOCI into Income (Effective Portion*)
	December 31, 2018			December 31, 2017			December 31, 2018		December 31, 2017

Interest rate swaps	$	(2,346	)	$	1,633	Interest expense	$	555	$	38

*There is no ineffective portion or amount excluded from effectiveness testing.

- 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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+ Details