Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Tables)

v3.6.0.2
Accumulated Other Comprehensive Income (Tables)
3 Months Ended
Dec. 31, 2016
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Changes in AOCI by Component
The changes in AOCI by component, net of tax, for the three-month periods ended December 31, 2016 and 2015 were as follows:
 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, September 30, 2016
 
$
(56,050
)
 
$
(122,259
)
 
$
(3,559
)
 
$
(181,868
)
OCI before reclassification
 

 
(31,342
)
 
5,100

 
(26,242
)
Amounts reclassified from AOCI
(a)
1,536

 

(b)
493

 
2,029

Net current-period OCI
 
1,536

 
(31,342
)
 
5,593

 
(24,213
)
Balance, December 31, 2016
 
$
(54,514
)
 
$
(153,601
)
 
$
2,034

 
$
(206,081
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, September 30, 2016
 

 
$
277

 

 
$
277

OCI before reclassification
 

 
59

 

 
59

Net current-period OCI
 

 
59

 

 
59

Balance, December 31, 2016
 

 
$
336

 

 
$
336


 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, September 30, 2015
 
$
(43,474
)
 
$
(104,604
)
 
$
(2,248
)
 
$
(150,326
)
OCI before reclassification
 

 
(10,069
)
 
1,076

 
(8,993
)
Amounts reclassified from AOCI
(a)
1,102

 

(b)
506

 
1,608

Net current-period OCI
 
1,102

 
(10,069
)
 
1,582

 
(7,385
)
Balance, December 31, 2015
 
$
(42,372
)
 
$
(114,673
)
 
$
(666
)
 
$
(157,711
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, September 30, 2015
 

 
$
366

 

 
$
366

OCI before reclassification
 

 
(53
)
 

 
(53
)
Net current-period OCI
 

 
(53
)
 

 
(53
)
Balance, December 31, 2015
 

 
$
313

 

 
$
313


(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
Reclassifications out of AOCI for the three-month periods ended December 31, 2016 and 2015 were as follows:
 
 
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three Months Ended December 31, 2016
 
Three Months Ended December 31, 2015
 
Affected line item in the Statement of income
 
 
 
 
 
 
 
Postretirement benefit plans
 
 
 
 
 
    
Prior service (cost) credit
 
$
94

(a)
$
95

 
 
Actuarial losses
 
(2,509
)
(a)
(1,866
)
 
 
 
 
(2,415
)
(b)
(1,771
)
 
Income before income tax
 
 
(879
)
 
(669
)
 
Income taxes
 
 
$
(1,536
)
 
$
(1,102
)
 
Net income
Derivatives
 
 

 
 

 
    
Interest rate swap contracts
 
$
(807
)
 
$
(830
)
 
Interest expense
 
 
(807
)
(b)
(830
)
 
Income before income tax
 
 
(314
)
 
(324
)
 
Income taxes
 
 
$
(493
)
 
$
(506
)
 
Net income
 
(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.