Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME

v3.2.0.727
ACCUMULATED OTHER COMPREHENSIVE INCOME
12 Months Ended
Sep. 30, 2014
ACCUMULATED OTHER COMPREHENSIVE INCOME [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE INCOME
12. ACCUMULATED OTHER COMPREHENSIVE INCOME

The changes in AOCI by component, net of tax, for the year ended September 30, 2014 were as follows:

   
Postretirement Benefit Plans
   
Currency Translation Adjustment
   
Derivatives
   
Total
 
Attributable to Matthews:
               
Balance, September 30, 2013   $ (30,100 )   $ 3,714     $ (554 )   $ (26,940 )
OCI before reclassification
   
(11,649
)
   
(31,081
)
   
(1,879
)
   
(44,609
)
Amounts reclassified from AOCI
 (a)  
2,098
     
-
   (b)  
2,634
     
4,732
 
Net current-period OCI
   
(9,551
)
   
(31,081
)
   
755
     
(39,877
)
Balance, September 30, 2014
 
$
(39,651
)
 
$
(27,367
)
 
$
201
   
$
(66,817
)
Attributable to noncontrolling interest:
                               
Balance, September 30, 2013
 
$
-
   
$
401
   
$
-
   
$
401
 
OCI before reclassification
   
-
     
115
     
-
     
115
 
Net current-period OCI
   
-
     
115
     
-
     
115
 
Balance, September 30, 2014
 
$
-
   
$
516
   
$
-
   
$
516
 
(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11).
(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 7).
 
Reclassifications out of AOCI for the year ended September 30, 2014 were as follows:

 
Details about AOCI Components
   
Year ended
 September 30, 2014
 
Affected line item in the Statement of Income
            
Postretirement benefit plans
         
     Prior service (cost) credit
(a)
 
$
401
   
     Actuarial losses
(a)
   
(3,840
)
 
 (b)
   
(3,439
)
Total before tax
       
(1,341
)
Tax provision (benefit)
      
$
(2,098
)
Net of tax
Derivatives
             
     Interest rate swap contracts
   
$
(4,318
)
Interest expense
 (b)
   
(4,318
)
Total before tax
       
(1,684
)
Tax provision (benefit)
      
$
(2,634
)
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 11.
(b) For pre-tax items, positive amounts represent income and negative amounts represent expense.