Accumulated Other Comprehensive Income

6 Months Ended

Mar. 31, 2021

Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]

Accumulated Other Comprehensive Income

Accumulated Other Comprehensive Income

The changes in AOCI by component, net of tax, for the three-month periods ended March 31, 2021 and 2020 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, December 31, 2020	$	(80,830)		$	(134,826)	$	(4,849)		$	(220,505)
OCI before reclassification	—			(8,898)		2,088			(6,810)
Amounts reclassified from AOCI	2,255		(a)	—		567		(b)	2,822
Net current-period OCI	2,255			(8,898)		2,655			(3,988)
Balance, March 31, 2021	$	(78,575)		$	(143,724)	$	(2,194)		$	(224,493)
Attributable to noncontrolling interest:
Balance, December 31, 2020	$	—		$	365	$	—		$	365
OCI before reclassification	—			1		—			1
Net current-period OCI	—			1		—			1
Balance, March 31, 2021	$	—		$	366	$	—		$	366

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, December 31, 2019	$	(70,016)		$	(145,103)	$	(113)		$	(215,232)
OCI before reclassification	—			(30,648)		(4,305)			(34,953)
Amounts reclassified from AOCI	1,827		(a)	—		(137)		(b)	1,690
Net current-period OCI	1,827			(30,648)		(4,442)			(33,263)
Balance, March 31, 2020	$	(68,189)		$	(175,751)	$	(4,555)		$	(248,495)
Attributable to noncontrolling interest:
Balance, December 31, 2019	$	—		$	370	$	—		$	370
OCI before reclassification	—			1		—			1
Net current-period OCI	—			1		—			1
Balance, March 31, 2020	$	—		$	371	$	—		$	371

(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 10).

(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 7).

Note 11.   Accumulated Other Comprehensive Income (continued)

The changes in AOCI by component, net of tax, for the six-month periods ended March 31, 2021 and 2020 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, September 30, 2020	$	(82,954)		$	(151,881)	$	(5,884)		$	(240,719)
OCI before reclassification	—			8,157		2,441			10,598
Amounts reclassified from AOCI	4,379		(a)	—		1,249		(b)	5,628
Net current-period OCI	4,379			8,157		3,690			16,226
Balance, March 31, 2021	$	(78,575)		$	(143,724)	$	(2,194)		$	(224,493)
Attributable to noncontrolling interest:
Balance, September 30, 2020	$	—		$	368	$	—		$	368
OCI before reclassification	—			(2)		—			(2)
Net current-period OCI	—			(2)		—			(2)
Balance, March 31, 2021	$	—		$	366	$	—		$	366

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, September 30, 2019	$	(71,743)		$	(156,214)	$	(404)		$	(228,361)
OCI before reclassification	—			(19,537)		(3,739)			(23,276)
Amounts reclassified from AOCI	3,554		(a)	—		(412)		(b)	3,142
Net current-period OCI	3,554			(19,537)		(4,151)			(20,134)
Balance, March 31, 2020	$	(68,189)		$	(175,751)	$	(4,555)		$	(248,495)
Attributable to noncontrolling interest:
Balance, September 30, 2019	$	—		$	375	$	—		$	375
OCI before reclassification	—			(4)		—			(4)
Net current-period OCI	—			(4)		—			(4)
Balance, March 31, 2020	$	—		$	371	$	—		$	371

(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 10).

(b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 7).

Note 11.   Accumulated Other Comprehensive Income (continued)

Reclassifications out of AOCI for the three and six-month periods ended March 31, 2021 and 2020 were as follows:

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended March 31, 2021		Six Months Ended March 31, 2021		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	132	$	240
Actuarial losses (a)	(3,023)		(6,044)
	(2,891)		(5,804)		Income before income tax (b)
	636		1,425		Income taxes
	$	(2,255)	$	(4,379)	Net income
Derivatives
Interest rate swap contracts	$	(751)	$	(1,654)	Interest expense
	(751)		(1,654)		Income before income tax (b)
	184		405		Income taxes
	$	(567)	$	(1,249)	Net income

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended March 31, 2020		Six Months Ended March 31, 2020		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	70	$	140
Actuarial losses (a)	(2,386)		(4,773)
	(2,316)		(4,633)		Income before income tax (b)
	489		1,079		Income taxes
	$	(1,827)	$	(3,554)	Net income
Derivatives
Interest rate swap contracts	$	182	$	546	Interest expense
	182		546		Income before income tax (b)
	(45)		(134)		Income taxes
	$	137	$	412	Net income

(a)Prior service cost 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.  Actuarial losses are reported in other income (deductions), net. For additional information, see Note 10.

(b)For pre-tax items, positive amounts represent income and negative amounts represent expense.