ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Sep. 30, 2023

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME

ACCUMULATED OTHER COMPREHENSIVE INCOME:

The changes in AOCI by component, net of tax, for the years ended September 30, 2023, 2022, and 2021 were as follows:

	Postretirement Benefit Plans			Currency Translation Adjustment			Cash Flow Hedges			Total
Attributable to Matthews:
Balance, September 30, 2020	$	(82,954)		$	(151,881)		$	(5,884)		$	(240,719)
OCI before reclassification	39,822			(3,322)			1,873			38,373
Amounts reclassified from AOCI	7,202		(a)	(48)		(b)	2,453		(b)	9,607
Net current-period OCI	47,024			(3,370)			4,326			47,980
Balance, September 30, 2021	$	(35,930)		$	(155,251)		$	(1,558)		$	(192,739)
OCI before reclassification	17,851			(46,817)			8,148			(20,818)
Amounts reclassified from AOCI	23,261		(a)	(1,242)		(b)	1,347		(b)	23,366
Net current-period OCI	41,112			(48,059)			9,495			2,548
Balance, September 30, 2022	$	5,182		$	(203,310)		$	7,937		$	(190,191)
OCI before reclassification	1,476			13,979			3,056			18,511
Amounts reclassified from AOCI	102		(a)	(865)		(b)	(1,961)		(b)	(2,724)
Net current-period OCI	1,578			13,114			1,095			15,787
Balance, September 30, 2023	$	6,760		$	(190,196)		$	9,032		$	(174,404)
Attributable to noncontrolling interest:
Balance, September 30, 2020	$	—		$	368		$	—		$	368
OCI before reclassification	—			(127)			—			(127)
Net current-period OCI	—			(127)			—			(127)
Balance, September 30, 2021	$	—		$	241		$	—		$	241
OCI before reclassification	—			14			—			14
Net current-period OCI	—			14			—			14
Balance, September 30, 2022	$	—		$	255		$	—		$	255
OCI before reclassification	—			11			—			11
Net current-period OCI	—			11			—			11
Balance, September 30, 2023	$	—		$	266		$	—		$	266

(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 15).

(b)Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 11).

Accumulated other comprehensive loss at September 30, 2023 and 2022 consisted of the following:

	2023		2022
Cumulative foreign currency translation	$	(190,196)	$	(203,310)
Fair value of cash flow hedges, net of tax of $1,015 and $2,762, respectively	9,032		7,937
Minimum pension liabilities, net of tax of $1,620 and $1,786, respectively	6,760		5,182
	$	(174,404)	$	(190,191)

Reclassifications out of AOCI for the years ended September 30, 2023, 2022 and 2021 were as follows:

Details about AOCI Components	September 30, 2023		September 30, 2022		September 30, 2021		Affected line item in the Statement of Income
Postretirement benefit plans
Prior service (cost) credit (a)	$	364	$	516	$	491
Actuarial gains (losses)	772		(469)		(9,769)		Other income (deductions), net
Prior service cost write-off	—		—		(261)		Other income (deductions), net
Settlement losses	(1,271)		(30,856)		—		Other income (deductions), net
	(135)		(30,809)		(9,539)		Income before income tax (b)
	33		7,548		2,337		Income taxes
	$	(102)	$	(23,261)	$	(7,202)	Net income
Derivatives
Cash flow hedges	$	2,626	$	(1,786)	$	(3,249)	Interest expense
Net investment hedges	1,159		1,645		63		Interest expense
	3,785		(141)		(3,186)		Income before income tax (b)
	(959)		36		781		Income taxes
	$	2,826	$	(105)	$	(2,405)	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 15.

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