Accumulated Other Comprehensive Income

9 Months Ended

Jun. 30, 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 June 30, 2021 and 2020 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, March 31, 2021	$	(78,575)		$	(143,724)	$	(2,194)		$	(224,493)
OCI before reclassification	970			2,904		(654)			3,220
Amounts reclassified from AOCI	2,358		(a)	—		596		(b)	2,954
Net current-period OCI	3,328			2,904		(58)			6,174
Balance, June 30, 2021	$	(75,247)		$	(140,820)	$	(2,252)		$	(218,319)
Attributable to noncontrolling interest:
Balance, March 31, 2021	$	—		$	366	$	—		$	366
OCI before reclassification	—			—		—			—
Net current-period OCI	—			—		—			—
Balance, June 30, 2021	$	—		$	366	$	—		$	366

Note 11.   Accumulated Other Comprehensive Income (continued)

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, March 31, 2020	$	(68,189)		$	(175,751)	$	(4,555)		$	(248,495)
OCI before reclassification	—			11,240		(509)			10,731
Amounts reclassified from AOCI	1,743		(a)	—		330		(b)	2,073
Net current-period OCI	1,743			11,240		(179)			12,804
Balance, June 30, 2020	$	(66,446)		$	(164,511)	$	(4,734)		$	(235,691)
Attributable to noncontrolling interest:
Balance, March 31, 2020	$	—		$	371	$	—		$	371
OCI before reclassification	—			—		—			—
Net current-period OCI	—			—		—			—
Balance, June 30, 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).

The changes in AOCI by component, net of tax, for the nine-month periods ended June 30, 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	970			11,061		1,787			13,818
Amounts reclassified from AOCI	6,737		(a)	—		1,845		(b)	8,582
Net current-period OCI	7,707			11,061		3,632			22,400
Balance, June 30, 2021	$	(75,247)		$	(140,820)	$	(2,252)		$	(218,319)
Attributable to noncontrolling interest:
Balance, September 30, 2020	$	—		$	368	$	—		$	368
OCI before reclassification	—			(2)		—			(2)
Net current-period OCI	—			(2)		—			(2)
Balance, June 30, 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	—			(8,297)		(4,248)			(12,545)
Amounts reclassified from AOCI	5,297		(a)	—		(82)		(b)	5,215
Net current-period OCI	5,297			(8,297)		(4,330)			(7,330)
Balance, June 30, 2020	$	(66,446)		$	(164,511)	$	(4,734)		$	(235,691)
Attributable to noncontrolling interest:
Balance, September 30, 2019	$	—		$	375	$	—		$	375
OCI before reclassification	—			(4)		—			(4)
Net current-period OCI	—			(4)		—			(4)
Balance, June 30, 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 nine-month periods ended June 30, 2021 and 2020 were as follows:

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended June 30, 2021		Nine Months Ended June 30, 2021		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	137	$	377
Actuarial losses	(2,730)		(8,774)		Other income (deductions), net
Prior service cost write-off	(526)		(526)		Other income (deductions), net
	(3,119)		(8,923)		Income before income tax (b)
	761		2,186		Income taxes
	$	(2,358)	$	(6,737)	Net income
Derivatives
Interest rate swap contracts	$	(790)	$	(2,444)	Interest expense
	(790)		(2,444)		Income before income tax (b)
	194		599		Income taxes
	$	(596)	$	(1,845)	Net income

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended June 30, 2020		Nine Months Ended June 30, 2020		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	70	$	210
Actuarial losses	(2,386)		(7,159)		Other income (deductions), net
	(2,316)		(6,949)		Income before income tax (b)
	573		1,652		Income taxes
	$	(1,743)	$	(5,297)	Net income
Derivatives
Interest rate swap contracts	$	(438)	$	108	Interest expense
	(438)		108		Income before income tax (b)
	108		(26)		Income taxes
	$	(330)	$	82	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. For additional information, see Note 10.

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