Matthews International Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

DERIVATIVES AND HEDGING ACTIVITIES (Tables)

12 Months Ended

Sep. 30, 2023

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Interest Rate Swap Contracts Reflected in Consolidated Balance Sheets

At September 30, 2023 and 2022, derivative instruments were reflected on a gross-basis in the consolidated balance sheets as follows:


Derivatives:	September 30, 2023				September 30, 2022
	Interest Rate Swaps		Cross-Currency Swaps		Interest Rate Swaps		Cross-Currency Swaps
Current assets:
Other current assets	$	920	$	—	$	3,358	$	—
Long-term assets:
Other assets	3,086		—		7,341		3,722


Long-term liabilities:
Other liabilities	—		(2,766)		—		—
Total derivatives	$	4,006	$	(2,766)	$	10,699	$	3,722

Interest Rate Contracts

The following table presents information related to interest rate swaps entered into by the Company and designated as cash flow hedges:


	September 30, 2023			September 30, 2022
Notional amount	$	175,000		$	125,000

Weighted-average maturity period (years)	4.1			3.1
Weighted-average received rate	5.32		%	3.14		%
Weighted-average pay rate	3.83		%	1.04		%

- Definition

Tabular disclosure of pertinent information about a derivative or group of derivatives on a disaggregated basis, such as for individual instruments, or small groups of similar instruments. May include a combination of the type of instrument, risks being hedged, notional amount, hedge designation, related hedged item, inception date, maturity date, or other relevant item.

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