v3.20.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]        
Sales $ 374,800 $ 391,400 $ 739,744 $ 765,577
Cost of sales (250,036) (255,119) (499,253) (502,885)
Gross profit 124,764 136,281 240,491 262,692
Selling expense (33,182) (34,352) (65,445) (69,381)
Administrative expense (68,399) (68,156) (138,864) (135,259)
Intangible amortization (17,872) (9,509) (35,814) (17,622)
Goodwill write-down (90,408) 0 (90,408) 0
Operating (loss) profit (85,097) 24,264 (90,040) 40,430
Investment (loss) income (1,108) 2,091 191 739
Interest expense (9,613) (10,259) (18,853) (20,560)
Other deductions, net (1,843) (1,067) (4,662) (1,991)
(Loss) income before income taxes (97,661) 15,029 (113,364) 18,618
Income tax benefit (provision) 11,066 165 16,463 (440)
Net (loss) income (86,595) 15,194 (96,901) 18,178
Net losses attributable to noncontrolling interests 231 223 71 336
Net (loss) income attributable to Matthews shareholders $ (86,364) $ 15,417 $ (96,830) $ 18,514
(Loss) earnings per share attributable to Matthews shareholders:        
Basic (in dollars per share) $ (2.77) $ 0.49 $ (3.11) $ 0.59
Diluted (in dollars per share) $ (2.77) $ 0.48 $ (3.11) $ 0.58

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