XML 224 R113.htm IDEA: XBRL DOCUMENT
v3.22.4

Fair Value Information and Derivative Financial Instruments - Summary of the Notional Amount and the Fair Value of the Company's Outstanding Derivatives (Details) - Designated as Hedging Instrument - USD ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021
--- | --- | ---
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, notional amount | $ 137,455 | $ 38,575
Precious metal swaps |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, notional amount | 8,758 | 6,256
Interest rate swap |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, notional amount | 100,000 |
Prepaid expenses |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 3,732 | 1,349
Prepaid expenses | Precious metal swaps |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 118 | 116
Prepaid expenses | Interest rate swap |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 3,114 |
Other assets |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 4,749 | 2
Other assets | Precious metal swaps |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 0 | 0
Other assets | Interest rate swap |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 4,749 |
Other liabilities and accrued items |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 957 | 24
Other liabilities and accrued items | Precious metal swaps |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 411 | 24
Other liabilities and accrued items | Interest rate swap |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 0 |
Other long-term liabilities |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 163 | 8
Other long-term liabilities | Precious metal swaps |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 0 |
Other long-term liabilities | Interest rate swap |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 0 |
Foreign currency forward contracts - yen | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, notional amount | 2,985 | 3,907
Foreign currency forward contracts - yen | Prepaid expenses | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 145 | 131
Foreign currency forward contracts - yen | Other assets | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 0 | 2
Foreign currency forward contracts - yen | Other liabilities and accrued items | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 74 | 0
Foreign currency forward contracts - yen | Other long-term liabilities | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 26 | 0
Foreign currency forward contracts - euro | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, notional amount | 25,712 | 28,412
Foreign currency forward contracts - euro | Prepaid expenses | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 355 | 1,102
Foreign currency forward contracts - euro | Other assets | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative asset, fair value, gross asset | 0 | 0
Foreign currency forward contracts - euro | Other liabilities and accrued items | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | 472 | 0
Foreign currency forward contracts - euro | Other long-term liabilities | Foreign currency forward contracts |  |
Derivative Instruments and Hedging Activities Disclosures [Line Items] |  |
Derivative liability, fair value, gross liability | $ 137 | $ 8

X
- Definition Nominal or face amount used to calculate payments on the derivative asset. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1B -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5580258-113959 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5579245-113959 + Details
Name: | us-gaap_DerivativeAssetNotionalAmount
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | na
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial asset or other contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes assets elected not to be offset. Excludes assets not subject to a master netting arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 2: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeAsset
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | instant

X
- Definition Fair value, before effects of master netting arrangements, of a financial liability or contract with one or more underlyings, notional amount or payment provision or both, and the contract can be net settled by means outside the contract or delivery of an asset. Includes liabilities elected not to be offset. Excludes liabilities not subject to a master netting arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 860 -SubTopic 20 -Section 50 -Paragraph 4D -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=121570589&loc=SL51823488-111719 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Subparagraph (a),(c) -URI https://asc.fasb.org/extlink&oid=125515794&loc=SL5624163-113959 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 50 -Paragraph 3 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=51824906&loc=SL20225862-175312 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226000-175313 Reference 5: http://www.xbrl.org/2003/role/exampleRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 20 -Section 55 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=99393222&loc=SL20226052-175313 + Details
Name: | us-gaap_DerivativeFairValueOfDerivativeLiability
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | instant

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_DerivativeInstrumentsAndHedgingActivitiesDisclosuresLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_HedgingDesignationAxis=us-gaap_DesignatedAsHedgingInstrumentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=mtrn_PreciousMetalSwapsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_InterestRateSwapMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_PrepaidExpensesAndOtherCurrentAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentAssetsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherCurrentLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_BalanceSheetLocationAxis=us-gaap_OtherNoncurrentLiabilitiesMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=currency_JPY
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_DerivativeInstrumentRiskAxis=us-gaap_ForeignExchangeForwardMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | srt_CurrencyAxis=currency_EUR
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |