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Segment Information (Tables) | 3 Months Ended
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Dec. 31, 2021
Segment Reporting [Abstract] |
Information About the Company's Segments | The following table sets forth information about the Company's segments, including a reconciliation of adjusted EBITDA to net income.
|  |  |  | Three Months Ended December 31,
|  |  |  |  |  | 2021 |  | 2020
Sales: |  |  |  |  |  |
SGK Brand Solutions |  |  |  |  |  | $ | 153,542 |  |  | $ | 149,959 |
Memorialization |  |  |  |  |  | 210,706 |  |  | 183,274 |
Industrial Technologies |  |  |  |  |  | 74,331 |  |  | 53,424 |
Consolidated Sales |  |  |  |  |  | $ | 438,579 |  |  | $ | 386,657 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
SGK Brand Solutions |  |  |  |  |  | $ | 15,414 |  |  | $ | 21,833 |
Memorialization |  |  |  |  |  | 43,370 |  |  | 44,072 |
Industrial Technologies |  |  |  |  |  | 7,183 |  |  | 2,996 |
Corporate and Non-Operating |  |  |  |  |  | (12,634) |  |  | (14,138) |
Total Adjusted EBITDA |  |  |  |  |  | $ | 53,333 |  |  | $ | 54,763 |
Strategic initiatives and other charges (1)** |  |  |  |  |  | (3,823) |  |  | (11,192) |
Non-recurring / incremental coronavirus disease 2019 ("COVID-19") costs (2)*** |  |  |  |  |  | (690) |  |  | (1,124) |
Defined benefit plan termination related costs (3) |  |  |  |  |  | (426) |  |  | — |
Stock-based compensation |  |  |  |  |  | (3,709) |  |  | (3,246) |
Non-service pension and postretirement expense (4) |  |  |  |  |  | (31,108) |  |  | (1,900) |
Depreciation and amortization * |  |  |  |  |  | (33,501) |  |  | (27,351) |
Interest expense |  |  |  |  |  | (6,507) |  |  | (7,728) |
Net loss attributable to noncontrolling interests |  |  |  |  |  | (7) |  |  | (234) |
(Loss) income before income taxes |  |  |  |  |  | (26,438) |  |  | 1,988 |
Income tax benefit (provision) |  |  |  |  |  | 6,628 |  |  | (3,980) |
Net loss |  |  |  |  |  | $ | (19,810) |  |  | $ | (1,992) |
Note 13. Segment Information (continued)
(1) Includes certain non-recurring items associated with recent acquisition activities, costs associated with global ERP system integration efforts, and certain non-recurring costs associated with productivity and cost-reduction initiatives intended to result in improved operating performance, profitability and working capital levels.
(2) Includes certain non-recurring direct incremental costs (such as costs for purchases of computer peripherals and devices to facilitate working-from-home, additional personal protective equipment and cleaning supplies and services, etc.) incurred in response to COVID-19. This amount does not include the impact of any lost sales or underutilization due to COVID-19.
(3) Represents costs associated with the termination of the Company's DB Plan, supplemental retirement plan and the defined benefit portion of the officers retirement restoration plan.
(4) Non-service pension and postretirement expense includes interest cost, expected return on plan assets, amortization of actuarial gains and losses, curtailment gains and losses, and settlement gains and losses. These benefit cost components are excluded from adjusted EBITDA since they are primarily influenced by external market conditions that impact investment returns and interest (discount) rates. Curtailment gains and losses and settlement gains and losses are excluded from adjusted EBITDA since they generally result from certain non-recurring events, such as plan amendments to modify future benefits or settlements of plan obligations. The service cost and prior service cost components of pension and postretirement expense are included in the calculation of adjusted EBITDA, since they are considered to be a better reflection of the ongoing service-related costs of providing these benefits. Please note that GAAP pension and postretirement expense or the adjustment above are not necessarily indicative of the current or future cash flow requirements related to these employee benefit plans.
* Depreciation and amortization was $23,725 and $17,848 for the SGK Brand Solutions segment, $5,810 and $5,469 for the Memorialization segment, $2,653 and $2,740 for the Industrial Technologies segment, and $1,313 and $1,294 for Corporate and Non-Operating, for the three months ended December 31, 2021 and 2020, respectively. ** Acquisition costs, ERP integration costs, and strategic initiatives and other charges were $1,229 and $4,696 for the SGK Brand Solutions segment, $671 and $1,130 for the Memorialization segment, $32 and $2,659 for the Industrial Technologies segment, and $1,891 and $2,707 for Corporate and Non-Operating, for the three months ended December 31, 2021 and 2020, respectively. *** Non-recurring/incremental COVID-19 costs were $220 and $409 for the SGK Brand Solutions segment, $464 and $650 for the Memorialization segment, $4 and $18 for the Industrial Technologies segment, and $2 and $47 for Corporate and Non-Operating, for the three months ended December 31, 2021 and 2020, respectively.

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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