Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Tables)

v3.8.0.1
Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Mar. 31, 2018
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 March 31, 2018 and 2017 were as follows:
 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, December 31, 2017
 
$
(42,605
)
 
$
(105,309
)
 
$
4,010

 
$
(143,904
)
OCI before reclassification
 

 
11,413

 
3,260

 
14,673

Amounts reclassified from AOCI
(a)
1,022

 

(b)
(133
)
 
889

Net current-period OCI
 
1,022

 
11,413

 
3,127

 
15,562

Balance, March 31, 2018
 
$
(41,583
)
 
$
(93,896
)
 
$
7,137

 
$
(128,342
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, December 31, 2017
 

 
$
409

 

 
$
409

OCI before reclassification
 

 
90

 

 
90

Net current-period OCI
 

 
90

 

 
90

Balance, March 31, 2018
 

 
$
499

 

 
$
499

 
 
 
 
 
 
 
 
 
 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, December 31, 2016
 
$
(54,514
)
 
$
(153,601
)
 
$
2,034

 
$
(206,081
)
OCI before reclassification
 

 
4,108

 
979

 
5,087

Amounts reclassified from AOCI
(a)
1,462

 

(b)
(306
)
 
1,156

Net current-period OCI
 
1,462

 
4,108

 
673

 
6,243

Balance, March 31, 2017
 
$
(53,052
)
 
$
(149,493
)
 
$
2,707

 
$
(199,838
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, December 31, 2016
 

 
$
336

 

 
$
336

OCI before reclassification
 

 
9

 

 
9

Net current-period OCI
 

 
9

 

 
9

Balance, March 31, 2017
 

 
$
345

 

 
$
345


(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).


Note 9.   Accumulated Other Comprehensive Income (continued)

The changes in AOCI by component, net of tax, for the six-month periods ended March 31, 2018 and 2017 were as follows:
 
  
Post-retirement benefit plans
 
Currency translation adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, September 30, 2017
 
$
(43,623
)
 
$
(112,907
)
 
$
2,415

 
$
(154,115
)
OCI before reclassification
 

 
19,011

 
4,893

 
23,904

Amounts reclassified from AOCI
(a)
2,040

 

(b)
(171
)
 
1,869

Net current-period OCI
 
2,040

 
19,011

 
4,722

 
25,773

Balance, March 31, 2018
 
$
(41,583
)
 
$
(93,896
)
 
$
7,137

 
$
(128,342
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, September 30, 2017
 

 
$
396

 

 
$
396

OCI before reclassification
 

 
103

 

 
103

Net current-period OCI
 

 
103

 

 
103

Balance, March 31, 2018
 

 
$
499

 

 
$
499


 
  
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
 

 
(27,234
)
 
7,065

 
(20,169
)
Amounts reclassified from AOCI
(a)
2,998

 

(b)
(799
)
 
2,199

Net current-period OCI
 
2,998

 
(27,234
)
 
6,266

 
(17,970
)
Balance, March 31, 2017
 
$
(53,052
)
 
$
(149,493
)
 
$
2,707

 
$
(199,838
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, September 30, 2016
 

 
$
277

 

 
$
277

OCI before reclassification
 

 
68

 

 
68

Net current-period OCI
 

 
68

 

 
68

Balance, March 31, 2017
 

 
$
345

 

 
$
345


(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 and six-month periods ended March 31, 2018 were as follows:
 
 
 
 
 
 
 
 
 
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three Months Ended March 31, 2018
 
Six Months Ended March 31, 2018
 
Affected line item in the Statement of income
 
 
 
 
 
 
 
Postretirement benefit plans
 
 
 
 
 
    
Prior service (cost) credit
 
$
84

(a)
$
168

 
 
Actuarial losses
 
(1,752
)
(a)
(3,504
)
 
 
 
 
(1,668
)
(b)
(3,336
)
 
Income before income tax
 
 
(646
)
 
(1,296
)
 
Income taxes
 
 
$
(1,022
)
 
$
(2,040
)
 
Net income
Derivatives
 
 

 
 

 
    
Interest rate swap contracts
 
$
202

 
$
265

 
Interest expense
 
 
202

(b)
265

 
Income before income tax
 
 
69

 
94

 
Income taxes
 
 
$
133

 
$
171

 
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.

Reclassifications out of AOCI for the three and six-month periods ended March 31, 2017 were as follows:
 
 
 
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three Months Ended March 31, 2017
 
Six Months Ended
March 31, 2017
 
Affected line item in the Statement of income
 
 
 
 
 
 
 
Postretirement benefit plans
 
 
 
 
 
    
Prior service (cost) credit
 
$
94

(a)
$
188

 
 
Actuarial losses
 
(2,509
)
(a)
(5,018
)
 
 
 
 
(2,415
)
(b)
(4,830
)
 
Income before income tax
 
 
(953
)
 
(1,832
)
 
Income taxes
 
 
$
(1,462
)
 
$
(2,998
)
 
Net income
Derivatives
 
 

 
 

 
    
Interest rate swap contracts
 
$
503

 
$
1,310

 
Interest expense
 
 
503

(b)
1,310

 
Income before income tax
 
 
197

 
511

 
Income taxes
 
 
$
306

 
$
799

 
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.