Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Tables)

v2.4.0.8
Accumulated Other Comprehensive Income (Tables)
6 Months Ended
Mar. 31, 2014
Accumulated Other Comprehensive Income [Abstract]  
Change in AOCI by component
The changes in AOCI by component, net of tax, for the three month period ended March 31, 2014 were as follows:
 
 
  
 
Post-
retirement
benefit plans
   
Currency
translation
adjustment
 
 
 
Derivatives
   
 
 
Total
 
Attributable to Matthews:
 
 
   
 
 
 
   
 
Balance, December 31, 2013
 
 
$
(29,572
)
 
$
6,260
 
 
 
$
679
   
$
(22,633
)
OCI before reclassification
 
   
-
     
223
 
 
   
(1,049
)
   
(826
)
Amounts reclassified from AOCI
(a)
   
529
     
-
 
(b)
   
643
     
1,172
 
Net current-period OCI
 
   
529
     
223
 
 
   
(406
)
   
346
 
Balance, March 31, 2014
 
 
$
(29,043
)
 
$
6,483
 
 
 
$
273
   
$
(22,287
)
Attributable to noncontrolling interest:
 
               
 
               
Balance, December 31, 2013
 
   
-
   
$
544
 
 
   
-
   
$
544
 
OCI before reclassification
 
   
-
     
(197
)
 
   
-
     
(197
)
Net current-period OCI
 
   
-
     
(197
)
 
   
-
     
(197
)
Balance, March 31, 2014
 
   
-
   
$
347
 
 
   
-
   
$
347
 

The changes in AOCI by component, net of tax, for the six month period ended March 31, 2014 were as follows:
 
 
  
 
Post-
retirement
benefit plans
   
Currency
translation
adjustment
 
 
 
 
 
Derivatives
   
 
 
Total
 
Attributable to Matthews:
 
 
   
 
 
 
   
 
Balance, September 30, 2013
 
 
$
(30,100
)
 
$
3,714
 
 
 
$
(554
)
 
$
(26,940
)
OCI before reclassification
 
   
-
     
2,769
 
 
   
(472
)
   
2,297
 
Amounts reclassified from AOCI
(a)
   
1,057
     
-
 
(b)
   
1,299
     
2,356
 
Net current-period OCI
 
   
1,057
     
2,769
 
 
   
827
     
4,653
 
Balance, March 31, 2014
 
 
$
(29,043
)
 
$
6,483
 
 
 
$
273
   
$
(22,287
)
Attributable to noncontrolling interest:
 
               
 
               
Balance, September 30, 2013
 
   
-
   
$
401
 
 
   
-
   
$
401
 
OCI before reclassification
 
   
-
     
(54
)
 
   
-
     
(54
)
Net current-period OCI
 
   
-
     
(54
)
 
   
-
     
(54
)
Balance, March 31, 2014
 
   
-
   
$
347
 
 
   
-
   
$
347
 

(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, 2014 were as follows:

 
 
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three months ended
March 31, 2014
 
 
 
Six months ended
March 31, 2014
 
Affected line item in the
Statement of income
 
 
 
 
 
 
     
Postretirement benefit plans
 
 
 
 
 
    
Prior service (cost) credit
   
73
 
(a)
   
147
 
 
Actuarial losses
   
(942
)
(a)
   
(1,884
)
 
 
   
(869
)
(b)
   
(1,737
)
Total before tax
 
   
(340
)
 
   
(680
)
Tax provision (benefit)
 
 
$
(529
)
 
 
$
(1,057
)
Net of tax
Derivatives
       
 
       
    
Interest rate swap contracts
   
(1,054
)
 
   
(2,130
)
Interest expense
 
   
(1,054
)
(b)
   
(2,130
)
Total before tax
 
   
(411
)
 
   
(831
)
Tax provision (benefit)
 
   
(643
)
 
   
(1,299
)
Net of tax

(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.