Accumulated Other Comprehensive Income (Tables)

9 Months Ended

Jun. 30, 2022

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

Changes in AOCI by Component

The changes in AOCI by component, net of tax, for the three-month periods ended June 30, 2022 and 2021 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, March 31, 2022	$	(1,824)		$	(163,421)	$	4,015		$	(161,230)
OCI before reclassification	69			(19,293)		1,223			(18,001)
Amounts reclassified from AOCI	(52)		(a)	—		353		(b)	301
Net current-period OCI	17			(19,293)		1,576			(17,700)
Balance, June 30, 2022	$	(1,807)		$	(182,714)	$	5,591		$	(178,930)
Attributable to noncontrolling interest:
Balance, March 31, 2022	$	—		$	249	$	—		$	249
OCI before reclassification	—			15		—			15
Net current-period OCI	—			15		—			15
Balance, June 30, 2022	$	—		$	264	$	—		$	264

	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

(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 nine-month periods ended June 30, 2022 and 2021 were as follows:

	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Attributable to Matthews:
Balance, September 30, 2021	$	(35,930)		$	(155,251)	$	(1,558)		$	(192,739)
OCI before reclassification	10,810			(27,463)		5,636			(11,017)
Amounts reclassified from AOCI	23,313		(a)	—		1,513		(b)	24,826
Net current-period OCI	34,123			(27,463)		7,149			13,809
Balance, June 30, 2022	$	(1,807)		$	(182,714)	$	5,591		$	(178,930)
Attributable to noncontrolling interest:
Balance, September 30, 2021	$	—		$	241	$	—		$	241
OCI before reclassification	—			23		—			23
Net current-period OCI	—			23		—			23
Balance, June 30, 2022	$	—		$	264	$	—		$	264

	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

(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).

Reclassifications out of AOCI

Reclassifications out of AOCI for the three and nine-month periods ended June 30, 2022 and 2021 were as follows:

	Amount reclassified from AOCI
Details about AOCI Components	Three Months Ended June 30, 2022		Nine Months Ended June 30, 2022		Affected line item in the Statement of income
Postretirement benefit plans
Prior service credit (a)	$	157	$	358
Actuarial losses	(88)		(380)		Other income (deductions), net
Settlement loss	—		(30,856)		Other income (deductions), net
	69		(30,878)		Income before income tax (b)
	(17)		7,565		Income taxes
	$	52	$	(23,313)	Net income
Derivatives
Interest rate swap contracts	$	(470)	$	(2,006)	Interest expense
	(470)		(2,006)		Income before income tax (b)
	117		493		Income taxes
	$	(353)	$	(1,513)	Net income

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

(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.