Income Statement

v3.19.1
CONSOLIDATED STATEMENTS OF INCOME (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]        
Sales $ 391,400 $ 414,061 $ 765,577 $ 783,515
Cost of sales (255,119) (263,381) (502,885) (501,422)
Gross profit 136,281 150,680 262,692 282,093
Selling expense (34,352) (37,191) (69,381) (74,108)
Administrative expense (68,156) (74,024) (135,259) (142,490)
Intangible amortization (9,509) (8,249) (17,622) (14,930)
Operating profit 24,264 31,216 40,430 50,565
Investment (loss) income 2,091 (74) 739 393
Interest expense (10,259) (9,262) (20,560) (17,063)
Other income (deductions), net (1,067) (1,596) (1,991) (3,680)
Income before income taxes 15,029 20,284 18,618 30,215
Income tax (provision) benefit 165 (2,212) (440) 23,015
Net income 15,194 18,072 18,178 53,230
Net loss attributable to noncontrolling interests 223 110 336 132
Net income attributable to Matthews shareholders $ 15,417 $ 18,182 $ 18,514 $ 53,362
Earnings per share attributable to Matthews shareholders:        
Basic (in dollars per share) $ 0.49 $ 0.57 $ 0.59 $ 1.68
Diluted (in dollars per share) $ 0.48 $ 0.57 $ 0.58 $ 1.68

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