Annual report pursuant to Section 13 and 15(d)

SHAREHOLDERS' EQUITY

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SHAREHOLDERS' EQUITY
 12 Months Ended
Sep. 30, 2013
SHAREHOLDERS' EQUITY [Abstract]  
SHAREHOLDERS' EQUITY
8.
SHAREHOLDERS' EQUITY:

The authorized common stock of the Company consists of 70,000,000 shares of Class A Common Stock, $1 par value.

The Company has a stock repurchase program.  The buy-back program is designed to increase shareholder value, enlarge the Company's holdings of its common stock, and add to earnings per share.  Repurchased shares may be retained in treasury, utilized for acquisitions, or reissued to employees or other purchasers, subject to the restrictions of the Company’s Restated Articles of Incorporation.  Under the current authorization, the Company’s Board of Directors has authorized the repurchase of a total of 2,500,000 shares of Matthews’ common stock under the program, of which 1,194,670 shares remain available for repurchase as of September 30, 2013.

Comprehensive income consists of net income adjusted for changes, net of any related income tax effect, in cumulative foreign currency translation, the fair value of derivatives, unrealized investment gains and losses and minimum pension liability.  The deferred income tax expense (benefit) related to minimum pension liabilities and fair value of derivatives was $22,005, $(2,896), $(8,256) and for the years ended September 30, 2013, 2012 and 2011, respectively.

Accumulated other comprehensive loss at September 30, 2013 and 2012 consisted of the following:

   
2013
    
2012
  
Cumulative foreign currency translation
   $ 3,714     $ (65 )
Fair value of derivatives, net of tax of $354 and $3,562, respectively
     (554 )     (5,571 )
Minimum pension liabilities, net of tax of $18,979 and $37,777, respectively
     (30,100 )     (59,447 )
    $ (26,940 )   $ (65,083 )