Quarterly report pursuant to Section 13 or 15(d)

Accumulated Other Comprehensive Income

v2.4.1.9
Accumulated Other Comprehensive Income
6 Months Ended
Mar. 31, 2015
Accumulated Other Comprehensive Income [Abstract]  
Accumulated Other Comprehensive Income
Note 9.   Accumulated Other Comprehensive Income

The changes in AOCI by component, net of tax, for the three month periods ended March 31, 2015 and 2014 were as follows:

      
Post-retirement benefit plans
   
Currency translation adjustment
   
Derivatives
   
Total
 
Attributable to Matthews:
                 
Balance, December 31, 2014    $ (38,726 )   $ (53,649 )   $ (610 )   $ (92,985 )
OCI before reclassification
     
-
     
(41,648
)
   
(1,744
)
   
(43,392
)
Amounts reclassified from AOCI
(a)
   
965
     
-
   (b)  
608
     
1,573
 
Net current-period OCI
     
965
     
(41,648
)
   
(1,136
)
   
(41,819
)
Balance, March 31, 2015
   
$
(37,761
)
 
$
(95,297
)
 
$
(1,746
)
 
$
(134,804
)
Attributable to noncontrolling interest:
                                 
Balance, December 31, 2014
     
-
   
$
506
     
-
   
$
506
 
OCI before reclassification
     
-
     
(61
)
   
-
     
(61
)
Net current-period OCI
     
-
     
(61
)
   
-
     
(61
)
Balance, March 31, 2015
     
-
   
$
445
     
-
   
$
445
 

      
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
 

(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).
 
The changes in AOCI by component, net of tax, for the six month periods ended March 31, 2015 and 2014 were as follows:

      
Post-retirement benefit plans
   
Currency translation adjustment
   
Derivatives
   
Total
 
Attributable to Matthews:
                 
Balance, September 30, 2014   $ (39,651 )   $ (27,367 )   $ 201     $ (66,817 )
OCI before reclassification
     
-
     
(67,930
)
   
(3,212
)
   
(71,142
)
Amounts reclassified from AOCI
(a)
   
1,890
     
-
   (b)  
1,265
     
3,155
 
Net current-period OCI
     
1,890
     
(67,930
)
   
(1,947
)
   
(67,987
)
Balance, March 31, 2015
   
$
(37,761
)
 
$
(95,297
)
 
$
(1,746
)
 
$
(134,804
)
Attributable to noncontrolling interest:
                                 
Balance, September 30, 2014
     
-
   
$
516
     
-
   
$
516
 
OCI before reclassification
     
-
     
(71
)
   
-
     
(71
)
Net current-period OCI
     
-
     
(71
)
   
-
     
(71
)
Balance, March 31, 2015
     
-
   
$
445
     
-
   
$
445
 
 
 
   
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 for the three and six month periods ended March 31, 2015 were as follows:

   
Amount reclassified from AOCI
 
Details about AOCI Components
 
Three months ended March 31, 2015
   
Six months ended March 31, 2015
 
Affected line item in the Statement of income
               
Postretirement benefit plans
            
     Prior service (cost) credit
 
$
94
   (a)
$
188
   
     Actuarial losses
   
(1,564
)
 (a)  
(3,128
)
 
     
(1,470
)
 (b)  
(2,940
)
Total before tax
     
(505
)
   
(1,050
)
Tax provision (benefit)
   
$
(965
)
 
$
(1,890
)
Net of tax
Derivatives
                    
     Interest rate swap contracts
 
$
(996
)
 
$
(2,073
)
Interest expense
     
(996
)
 (b)  
(2,073
)
Total before tax
     
(388
)
   
(808
)
Tax provision (benefit)
   
$
(608
)
 
$
(1,265
)
Net of tax
 
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.