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, 2023

Fair Value Disclosures [Abstract]

Fair Value of Assets and Liabilities Measured on a Recurring Basis

As of September 30, 2023 and 2022, the fair values of the Company's assets and liabilities measured on a recurring basis were categorized as follows:


			September 30, 2023
			Level 1						Level 2						Level 3						Total
Assets:
Derivatives (1)			$	—					$	4,006					$	—					$	4,006
Equity and fixed income mutual funds			—						699						—						699
Life insurance policies			—						4,926						—						4,926
Total assets at fair value			$	—					$	9,631					$	—					$	9,631

Liabilities:
Derivatives (1)			$	—					$	2,766					$	—					$	2,766
Total liabilities at fair value			$	—					$	2,766					$	—					$	2,766


			September 30, 2022
			Level 1						Level 2						Level 3						Total
Assets:
Derivatives (1)			$	—					$	14,421					$	—					$	14,421
Equity and fixed income mutual funds			—						—						—						—
Life insurance policies			—						4,439						—						4,439
Total assets at fair value			$	—					$	18,860					$	—					$	18,860




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