Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income (Tables)

v2.4.0.8
Accumulated Other Comprehensive Income (Tables)
9 Months Ended
Jun. 30, 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 June 30, 2014 were as follows:

     
Post-retirement benefit plans
   
Currency translation adjustment
   
 
Derivatives
   
 
Total
 
Attributable to Matthews:
                         
Balance, March 31, 2014     $ (29,043   $ 6,483     $ 273     $ (22,287
OCI before reclassification
      -       477       (1,965 )     (1,488 )
Amounts reclassified from AOCI
(a)
    565       -   (b)    1,212       1,777  
Net current-period OCI
      565       477       (753 )     289  
Balance, June 30, 2014
    $ (28,478 )   $ 6,960     $ (480 )   $ (21,998 )
Attributable to noncontrolling interest:
                                 
Balance, March 31, 2014
      -     $ 347       -     $ 347  
OCI before reclassification
      -       120       -       120  
Net current-period OCI
      -       120       -       120  
Balance, June 30, 2014
      -     $ 467       -     $ 467  

The changes in AOCI by component, net of tax, for the nine month period ended June 30, 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
      -       3,246       (2,437 )     809  
Amounts reclassified from AOCI
(a)
    1,622       -   (b)    2,511       4,133  
Net current-period OCI
      1,622       3,246       74       4,942  
Balance, June 30, 2014
    $ (28,478 )   $ 6,960     $ (480 )   $ (21,998 )
Attributable to noncontrolling interest:
                                 
Balance, September 30, 2013
      -     $ 401       -     $ 401  
OCI before reclassification
      -       66       -       66  
Net current-period OCI
      -       66       -       66  
Balance, June 30, 2014
      -     $ 467       -     $ 467  

(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 nine month periods ended June 30, 2014 were as follows:

   
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three months ended June 30, 2014
     
Nine months ended June 30, 2014
 
Affected line item in the Statement of income
                 
Postretirement benefit plans
               
     Prior service (cost) credit
    75  
(a)
    222    
     Actuarial losses
    (942 )
(a)
    (2,826 )  
      (867 )
(b)
    (2,604 )
Total before tax
      (302 )       (982 )
Tax provision (benefit)
    $ (565 )     $ (1,622 )
Net of tax
Derivatives
                   
     Interest rate swap contracts
    (1,987 )       (4,117 )
Interest expense
      (1,987 )
(b)
    (4,117 )
Total before tax
      (775 )       (1,606 )
Tax provision (benefit)
      (1,212 )       (2,511 )
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.