Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.1.9
Accumulated Other Comprehensive Income
 3 Months Ended
Dec. 31, 2014
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
Note 9.   Accumulated Other Comprehensive Income

The change in AOCI by component, net of tax, for the three month periods ended December 31, 2014 and 2013 were as follows:

      Post-retirement benefit plans     Currency translation adjustment   Derivatives     Total  
Attributable to Matthews:
                  
Balance, September 30, 2013    $ (30,100 )   $ 3,714   $ (554 )   $ (26,940 )
OCI before reclassification
      
-
      
2,546
      
577
      
3,123
  
Amounts reclassified from AOCI
 
  (a)  
528
      
-
(b)
   
656
      
1,184
  
Net current-period OCI
      
528
      
2,546
      
1,233
      
4,307
  
Balance, December 31, 2013
    
$
(29,572
)
  
$
6,260
    
$
679
    
$
(22,633
)
Attributable to noncontrolling interest:
                                  
Balance, September 30, 2013
      
-
    
$
401
      
-
    
$
401
  
OCI before reclassification
      
-
      
143
      
-
      
143
  
Net current-period OCI
      
-
      
143
      
-
      
143
  
Balance, December 31, 2013
      
-
    
$
544
      
-
    
$
544
  

      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
      
-
      
(26,282)
      
(1,468
)
    
(27,750
)
Amounts reclassified from AOCI
 
  (a)  
925
        
 (b)
   
657
      
1,582
  
Net current-period OCI
      
925
      
(26,282)
      
(811
)
    
(26,168
)
Balance, December 31, 2014
    
$
(38,726
)
  
$
(53,649)
    
$
(610
)
  
$
(92,985
)
Attributable to noncontrolling interest:
                                  
Balance, September 30, 2014
      
-
    
$
516
      
-
    
$
516
  
OCI before reclassification
      
-
      
(10)
      
-
      
(10
)
Net current-period OCI
      
-
      
(10)
      
-
      
(10
)
Balance, December 31, 2014
      
-
    
$
506
      
-
    
$
506
  

(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).
 
Reclassifications out of AOCI for the three month periods ended December 31, 2014 and 2013 were as follows:

 
Details about AOCI Components
  
2014
    
2013
    
Affected line item in the Statement of income
                 
Postretirement benefit plans
               
     Prior service (cost) credit
  
$
94
    
$
74
  
(a)
  
     Actuarial losses
    
(1,564
)
    
(942
)
(a)
  
     
(1,470
)
    
(868
)
(b)
Total before tax
     
(545
)
    
(340
)
  
Tax provision (benefit)
   
$
(925
)
  
$
(528
)
  
Net of tax
Derivatives
                       
     Interest rate swap contracts
  
$
(1,077
)
  
$
(1,076
)
  
Interest expense
     
(1,077
)
    
(1,076
)
(b)
Total before tax
     
(420
)
    
(420
)
  
Tax provision (benefit)
   
$
(657
)
  
$
(656
)
  
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.