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Basis of Presentation | 9 Months Ended
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Jun. 30, 2015
Basis of Presentation [Abstract] |
Basis of Presentation | Note 2. Basis of Presentation The accompanying consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information for commercial and industrial companies and the instructions to Form 10‑Q and Rule 10‑01 of Regulation S‑X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. The year-end condensed balance sheet data was derived from audited financial statements, but does not include all disclosures required by accounting principles generally accepted in the United States of America. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. Operating results for the nine months ended June 30, 2015 are not necessarily indicative of the results that may be expected for the fiscal year ending September 30, 2015. For further information, refer to the consolidated financial statements and footnotes thereto included in the Company's Annual Report on Form 10‑K for the year ended September 30, 2014. The consolidated financial statements include all domestic and foreign subsidiaries in which the Company maintains an ownership interest and has operating control. All intercompany accounts and transactions have been eliminated. The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Reclassifications and Revisions: The Company identified a theft of funds by an employee that had occurred over a multi-year period through May 2015 which was not previously reflected in the Company's results of operations. The cumulative amount of the loss has been determined to be approximately $14,771. The corresponding pre-tax earnings amounts applicable to fiscal years 2015, 2014 and 2013 were approximately $2,170, $1,720, and $1,257, respectively. Pursuant to the guidance of Staff Accounting Bulletin ("SAB") No. 99, "Materiality", the Company evaluated the materiality of these amounts quantitatively and qualitatively, and has concluded that the amounts described above were not material to any of its annual or quarterly prior period financial statements or trends of financial results. However, because of the significance of the cumulative out-of-period correction to the fiscal 2015 third quarter, the prior period financial statements have been revised, in accordance with SAB No. 108, "Considering the Effects of Prior Year Misstatements when Quantifying Misstatements in Current Year Financial Statements". The following table reconciles the effect of the adjustments to the previously reported Consolidated Statements of Income for the three and nine month periods ended June 30, 2014:
|  | Three months ended June 30, 2014 |  |  | Nine months ended June 30, 2014 |
|  | Previously Reported |  |  | Adjustment |  |  | As Adjusted |  |  | Previously Reported |  |  | Adjustment |  |  | As Adjusted |
Consolidated Statements of Income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other income (deductions), net |  | $ | (535 | )* |  | $ | (364 | ) |  | $ | (899 | ) |  | $ | (1,641 | )* |  | $ | (1,132 | ) |  | $ | (2,773 | )
Income before income taxes |  |  | 28,966 |  |  |  | (364 | ) |  |  | 28,602 |  |  |  | 58,854 |  |  |  | (1,132 | ) |  |  | 57,722 |
Income taxes |  |  | (9,327 | ) |  |  | 142 |  |  |  | (9,185 | ) |  |  | (20,058 | ) |  |  | 442 |  |  |  | (19,616 | )
Net income |  |  | 19,639 |  |  |  | (222 | ) |  |  | 19,417 |  |  |  | 38,796 |  |  |  | (690 | ) |  |  | 38,106 |
Net income attributable to Matthews shareholders |  |  | 19,263 |  |  |  | (222 | ) |  |  | 19,041 |  |  |  | 38,510 |  |  |  | (690 | ) |  |  | 37,820 |
Comprehensive income |  |  | 20,048 |  |  |  | (222 | ) |  |  | 19,826 |  |  |  | 43,804 |  |  |  | (690 | ) |  |  | 43,114 |
Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic |  |  | 0.70 |  |  |  | - |  |  |  | 0.70 |  |  |  | 1.41 |  |  |  | (0.03 | ) |  |  | 1.38 |
Diluted |  |  | 0.70 |  |  |  | (0.01 | ) |  |  | 0.69 |  |  |  | 1.40 |  |  |  | (0.03 | ) |  |  | 1.37 |
*Certain other reclassification adjustments are also reflected in the previously reported amounts to conform to the current period's presentation. These reclassification adjustments are not material to the prior year presentation. The following table reconciles the effect of the adjustments to the previously reported Consolidated Statement of Cash Flows for the nine month period ended June 30, 2014:
|  | Nine months ended June 30, 2014
|  | Previously Reported |  |  | Adjustment |  |  | As Adjusted |
Consolidated Statements of Cash Flows |  |  |  |  |  |  |  |  |
Net income |  | $ | 38,796 |  |  | $ | (690 | ) |  |  | 38,106 |
Changes in deferred taxes |  |  | (309 | ) |  |  | (442 | ) |  |  | (751 | )
Net cash provided by operating activities |  |  | 63,547 |  |  |  | (1,132 | ) |  |  | 62,415 |
Net change in cash and cash equivalents |  |  | 21,657 |  |  |  | (1,132 | ) |  |  | 20,525 |
There was no impact to the Consolidated Statements of Comprehensive Income or the Consolidated Statements of Shareholders' Equity for any of the respective periods other than the impact on Net Income. In addition, the immaterial corrections did not affect the Company's compliance with debt covenants.

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