XML 55 R41.htm IDEA: XBRL DOCUMENT
v3.10.0.1

PENSION AND OTHER POSTRETIREMENT PLANS (Tables) | 12 Months Ended
--- | ---
Sep. 30, 2018
Retirement Benefits [Abstract] |
Reconciliation of Benefit Obligations, Plan Assets and Funded Status of Pension Plans | The following provides a reconciliation of benefit obligations, plan assets and funded status of the plans as of the Company's actuarial valuation as of September 30, 2018 and 2017:
| Pension |  | Other Postretirement
| 2018 |  | 2017 |  | 2018 |  | 2017
Change in benefit obligation: |  |  |  |  |  |  |
Benefit obligation, beginning of year | $ | 259,672 |  |  | $ | 263,566 |  |  | $ | 20,316 |  |  | $ | 23,290 |
Service cost | 8,159 |  |  | 8,553 |  |  | 335 |  |  | 392 |
Interest cost | 8,210 |  |  | 7,362 |  |  | 631 |  |  | 626 |
Actuarial gain | (15,229 | ) |  | (4,264 | ) |  | (907 | ) |  | (2,600 | )
Exchange (gain) loss | (180 | ) |  | 589 |  |  | — |  |  | — |
Benefit payments | (19,079 | ) |  | (16,134 | ) |  | (1,549 | ) |  | (1,392 | )
Benefit obligation, end of year | 241,553 |  |  | 259,672 |  |  | 18,826 |  |  | 20,316 |
Change in plan assets: |  |  |  |  |  |  |  |  |  |  |
Fair value, beginning of year | 155,634 |  |  | 151,864 |  |  | — |  |  | — |
Actual return | 10,914 |  |  | 12,586 |  |  | — |  |  | — |
Benefit payments (1) | (19,079 | ) |  | (16,134 | ) |  | (1,549 | ) |  | (1,392 | )
Employer contributions | 11,193 |  |  | 7,318 |  |  | 1,549 |  |  | 1,392 |
Fair value, end of year | 158,662 |  |  | 155,634 |  |  | — |  |  | — |
Funded status | (82,892 | ) |  | (104,039 | ) |  | (18,828 | ) |  | (20,317 | )
Unrecognized actuarial loss (gain) | 53,405 |  |  | 73,616 |  |  | (2,376 | ) |  | (1,469 | )
Unrecognized prior service cost | (552 | ) |  | (690 | ) |  | (525 | ) |  | (720 | )
Net amount recognized | $ | (30,039 | ) |  | $ | (31,113 | ) |  | $ | (21,729 | ) |  | $ | (22,506 | )
Amounts recognized in the consolidated balance sheet: |  |  |  |  |  |  |  |  |  |  |
Current liability | $ | (857 | ) |  | $ | (766 | ) |  | $ | (1,075 | ) |  | $ | (1,044 | )
Noncurrent benefit liability | (82,035 | ) |  | (103,273 | ) |  | (17,753 | ) |  | (19,273 | )
Accumulated other comprehensive loss (income) | 52,853 |  |  | 72,926 |  |  | (2,901 | ) |  | (2,189 | )
Net amount recognized | $ | (30,039 | ) |  | $ | (31,113 | ) |  | $ | (21,729 | ) |  | $ | (22,506 | )
Amounts recognized in accumulated |  |  |  |  |  |  |  |  |  |  |
other comprehensive loss (income): |  |  |  |  |  |  |  |  |  |  |
Net actuarial loss (income) | $ | 53,405 |  |  | $ | 73,616 |  |  | $ | (2,376 | ) |  | $ | (1,469 | )
Prior service cost | (552 | ) |  | (690 | ) |  | (525 | ) |  | (720 | )
Net amount recognized | $ | 52,853 |  |  | $ | 72,926 |  |  | $ | (2,901 | ) |  | $ | (2,189 | )
(1) Pension benefit payments in fiscal 2018 and 2017 includes $6,800 and $5,655 of lump sum distributions, respectively, that were made to certain terminated vested employees as settlements of the employees' pension obligations. These distributions did not meet the threshold to qualify as settlements under U.S. GAAP and therefore, no unamortized actuarial losses were recognized in the Statements of Income upon completion of the lump sum distributions.
Net Periodic Pension and Other Postretirement Benefit Cost | Net periodic pension and other postretirement benefit cost for the plans included the following:
| Pension |  | Other Postretirement
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
Service cost | $ | 8,159 |  |  | $ | 8,553 |  |  | $ | 7,446 |  |  | $ | 335 |  |  | $ | 392 |  |  | $ | 402 |
Interest cost | 8,210 |  |  | 7,362 |  |  | 9,725 |  |  | 631 |  |  | 626 |  |  | 845 |
Expected return on plan assets | (10,136 | ) |  | (9,249 | ) |  | (9,625 | ) |  | — |  |  | — |  |  | — |
Amortization: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Prior service cost | (138 | ) |  | (181 | ) |  | (183 | ) |  | (195 | ) |  | (195 | ) |  | (195 | )
Net actuarial loss | 7,018 |  |  | 10,034 |  |  | 7,468 |  |  | — |  |  | — |  |  | — |
Net benefit cost | $ | 13,113 |  |  | $ | 16,519 |  |  | $ | 14,831 |  |  | $ | 771 |  |  | $ | 823 |  |  | $ | 1,052 |
Contributions During Fiscal Year | Contributions made in fiscal 2018 are as follows:
Contributions | Pension |  | Other Postretirement
Principal retirement plan | $ | 10,000 |  |  | $ | — |
Supplemental retirement plan | 749 |  |  | — |
Other retirement plans | 444 |  |  | — |
Other postretirement plan | — |  |  | 1,549 |
Amounts of AOCI Expected to be Recognized in Net Periodic Benefit Costs | Amounts of AOCI expected to be recognized in net periodic benefit costs in fiscal 2019 include:
| Pension Benefits |  | Other Postretirement Benefits
Net actuarial loss | $ | 4,246 |  |  | $ | (59 | )
Prior service cost | (186 | ) |  | (195 | )
Weighted-Average Assumptions for Principal Retirement and Other Postretirement Benefit Plans | The measurement date of annual actuarial valuations for the Company's principal retirement and other postretirement benefit plans was September 30, for fiscal 2018, 2017 and 2016. The weighted-average assumptions for those plans were:
| Pension |  | Other Postretirement
| 2018 |  | 2017 |  | 2016 |  | 2018 |  | 2017 |  | 2016
Discount rate | 4.21 | % |  | 3.76 | % |  | 3.51 | % |  | 4.19 | % |  | 3.72 | % |  | 3.42 | %
Return on plan assets | 6.75 | % |  | 6.75 | % |  | 7.25 | % |  | — |  |  | — |  |  | — |
Compensation increase | 3.50 | % |  | 3.50 | % |  | 3.50 | % |  | — |  |  | — |  |  | — |
Weighted Average Asset Allocation and Target Allocation | The Company's defined benefit pension plans' weighted-average asset allocation at September 30, 2018 and 2017 and weighted-average target allocation were as follows:
| Plan Assets at |  | Target
Asset Category | 2018 |  | 2017 |  | Allocation*
Equity securities | $ | 92,745 |  |  | $ | 77,245 |  |  | 50 | %
Fixed income, cash and cash equivalents | 44,250 |  |  | 49,008 |  |  | 30 | %
Other investments | 21,667 |  |  | 29,381 |  |  | 20 | %
| $ | 158,662 |  |  | $ | 155,634 |  |  | 100 | %
* Target allocation relates to the Company's primary defined benefit pension plan |  |  |  |  |
Fair Value Allocation of Plan Assets | he Company's defined benefit pension plans' asset categories at September 30, 2018 and 2017 were as follows:
| September 30, 2018
Asset Category | Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities - stocks | $ | 46,628 |  |  | $ | — |  |  | $ | — |  |  | $ | 46,628 |
Equity securities - mutual funds | 46,117 |  |  | — |  |  | — |  |  | 46,117 |
Fixed income securities | 26,789 |  |  | 14,785 |  |  | — |  |  | 41,574 |
Cash and cash equivalents | 2,676 |  |  | — |  |  | — |  |  | 2,676 |
Other investments | 11,552 |  |  | — |  |  | 10,115 |  |  | 21,667 |
Total | $ | 133,762 |  |  | $ | 14,785 |  |  | $ | 10,115 |  |  | $ | 158,662 |
| September 30, 2017
Asset Category | Level 1 |  | Level 2 |  | Level 3 |  | Total
Equity securities - stocks | $ | 42,731 |  |  | $ | — |  |  | $ | — |  |  | $ | 42,731 |
Equity securities - mutual funds | 34,514 |  |  | — |  |  | — |  |  | 34,514 |
Fixed income securities | 30,032 |  |  | 14,870 |  |  | — |  |  | 44,902 |
Cash and cash equivalents | 4,106 |  |  | — |  |  | — |  |  | 4,106 |
Other investments | 19,901 |  |  | — |  |  | 9,480 |  |  | 29,381 |
Total | $ | 131,284 |  |  | $ | 14,870 |  |  | $ | 9,480 |  |  | $ | 155,634 |
Changes in Fair Value of Level 3 Plan Assets | Changes in the fair value of Level 3 assets at September 30, 2018 and 2017 are summarized as follows:
Asset Category | Fair Value, Beginning of Period |  | Acquisitions |  | Dispositions |  | Realized Gains |  | Unrealized Gains (Losses) |  | Fair Value, End of Period
Other investments: |  |  |  |  |  |  |  |  |  |  |
Fiscal Year Ended: |  |  |  |  |  |  |  |  |  |  |
September 30, 2018 | $ | 9,480 |  |  | $ | — |  |  | $ | (149 | ) |  | $ | 261 |  |  | $ | 523 |  |  | $ | 10,115 |
September 30, 2017 | 12,816 |  |  | — |  |  | (3,286 | ) |  | 418 |  |  | (468 | ) |  | 9,480 |
Benefit Payments Expected to be Paid | Benefit payments expected to be paid are as follows:
Years ending September 30: | Pension Benefits |  | Other Postretirement Benefits
2019 | $ | 10,348 |  |  | $ | 1,075 |
2020 | 10,602 |  |  | 1,036 |
2021 | 11,141 |  |  | 1,062 |
2022 | 12,408 |  |  | 1,098 |
2023 | 12,772 |  |  | 1,117 |
2024-2028 | 72,916 |  |  | 6,062 |
| $ | 130,187 |  |  | $ | 11,450 |

X
- Definition Tabular disclosure of the reconciliation of beginning and ending balances of the fair value of plan assets of pension plans and/or other employee benefit plans classified as Level 3, showing separately, if applicable, the effects during the period attributable to each of the following: actual return on plan assets, foreign currency exchange rate changes, contributions by the employer, contributions by plan participants, benefits paid, business combinations, divestitures, and settlements. + References No definition available. + Details
Name: | matw_ChangesInFairValueOfLevelThreePlanAssetsTableTextBlock
Namespace Prefix: | matw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of contributions made and anticipated for the current fiscal year, for pension and other postretirement plans. + References No definition available. + Details
Name: | matw_ContributionsMadeAndAnticipatedForCurrentFiscalYearTableTextBlock
Namespace Prefix: | matw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the weighted average asset allocation and weighted average target allocation of the primary defined benefit pension plan. + References No definition available. + Details
Name: | matw_WeightedAverageAssetAllocationAndTargetAllocationTableTextBlock
Namespace Prefix: | matw_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the major categories of plan assets of pension plans and/or other employee benefit plans. This information may include, but is not limited to, the target allocation of plan assets, the fair value of each major category of plan assets, and the level within the fair value hierarchy in which the fair value measurements fall. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (d)(5) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAllocationOfPlanAssetsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts related to pension plans and/or other employee benefit plans in accumulated other comprehensive income (loss) expected to be recognized as components of net periodic benefit cost over the next fiscal year, including the net gain (loss), net prior service cost or credit, and net transition asset or obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (s) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsInAccumulatedOtherComprehensiveIncomeLossToBeRecognizedOverNextFiscalYearTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of one or more of the entity's defined benefit pension plans or one or more other defined benefit postretirement plans, separately for pension plans and other postretirement benefit plans including the entity's schedule of fair value of plan assets for defined benefit or other postretirement plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2439-114920 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2417-114920 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e2410-114920 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 55 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=77993564&loc=d3e4179-114921 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfDefinedBenefitPlansDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (f) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=82843861&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration