Annual report pursuant to Section 13 and 15(d)

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)

v3.5.0.2
ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
12 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Equity [Abstract]    
Change in AOCI by Component, Net of Tax
The changes in AOCI by component, net of tax, for the year ended September 30, 2016 were as follows:
 
 
Postretirement Benefit Plans
 
Currency Translation Adjustment
 
Derivatives
 
Total
Attributable to Matthews:
 
 
 
 
 
 
 
 
Balance, September 30, 2015
 
$
(43,474
)
 
$
(104,604
)
 
$
(2,248
)
 
$
(150,326
)
OCI before reclassification
 
(16,901
)
 
(17,655
)
 
(3,230
)
 
(37,786
)
Amounts reclassified from AOCI
(a)
4,325

 

(b)
1,919

 
6,244

Net current-period OCI
 
(12,576
)
 
(17,655
)
 
(1,311
)
 
(31,542
)
Balance, September 30, 2016
 
$
(56,050
)
 
$
(122,259
)
 
$
(3,559
)
 
$
(181,868
)
Attributable to noncontrolling interest:
 
 

 
 

 
 

 
 

Balance, September 30, 2015
 
$

 
$
366

 
$

 
$
366

OCI before reclassification
 

 
(89
)
 

 
(89
)
Net current-period OCI
 

 
(89
)
 

 
(89
)
Balance, September 30, 2016
 
$

 
$
277

 
$

 
$
277

(a)
Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 12).
(b)
Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8).
Accumulated other comprehensive loss at September 30, 2016 and 2015 consisted of the following:
 
2016
 
2015
Cumulative foreign currency translation
$
(122,259
)
 
$
(104,604
)
Fair value of derivatives, net of tax of $2,275 and $1,437, respectively
(3,559
)
 
(2,248
)
Minimum pension liabilities, net of tax of $35,426 and $27,530, respectively
(56,050
)
 
(43,474
)
 
$
(181,868
)
 
$
(150,326
)
Reclassifications out of AOCI
Reclassifications out of AOCI for the year ended September 30, 2016 were as follows:

 
Details about AOCI Components
 
Year Ended
September 30, 2016
 
Affected line item in the Statement of Income
Postretirement benefit plans
 
 
 
   
Prior service (cost) credit
(a)
$
378

 
 
Actuarial losses
(a)
(7,468
)
 
 
 
(b)
(7,090
)
 
Income before income tax
 
 
(2,765
)
 
Income taxes
 
 
$
(4,325
)
 
Net income
Derivatives
 
 

 
   
Interest rate swap contracts
 
$
(3,146
)
 
Interest expense
 
(b)
(3,146
)
 
Income before income tax
 
 
(1,227
)
 
Income taxes
 
 
$
(1,919
)
 
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 12.
(b)For pre-tax items, positive amounts represent income and negative amounts represent expense.