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Accumulated Other Comprehensive Income | 6 Months Ended
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Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Accumulated Other Comprehensive Income | Accumulated Other Comprehensive Income The changes in AOCI by component, net of tax, for the three-month periods ended March 31, 2023 and 2022 were as follows:
|  | Post-retirement benefit plans |  | Currency translation adjustment |  | Cash Flow Hedges |  | Total
Attributable to Matthews: |  |  |  |  |  |  |  |
Balance, December 31, 2022 |  | $ | 6,127 |  |  | $ | (182,750) |  |  | $ | 7,533 |  |  | $ | (169,090) |
OCI before reclassification |  | 29 |  |  | 4,663 |  |  | (1,471) |  |  | 3,221 |
Amounts reclassified from AOCI |  | (205) |  | (a) | (231) |  |  | (771) |  | (b) | (1,207) |
Net current-period OCI |  | (176) |  |  | 4,432 |  |  | (2,242) |  |  | 2,014 |
Balance, March 31, 2023 |  | $ | 5,951 |  |  | $ | (178,318) |  |  | $ | 5,291 |  |  | $ | (167,076) |
Attributable to noncontrolling interest: |  |  |  |  |  |  |  |
Balance, December 31, 2022 |  | $ | — |  |  | $ | 259 |  |  | $ | — |  |  | $ | 259 |
OCI before reclassification |  | — |  |  | (5) |  |  | — |  |  | (5) |
Net current-period OCI |  | — |  |  | (5) |  |  | — |  |  | (5) |
Balance, March 31, 2023 |  | $ | — |  |  | $ | 254 |  |  | $ | — |  |  | $ | 254 |
|  | Post-retirement benefit plans |  | Currency translation adjustment |  | Cash Flow Hedges |  | Total
Attributable to Matthews: |  |  |  |  |  |  |  |
Balance, December 31, 2021 |  | $ | (1,797) |  |  | $ | (157,240) |  |  | $ | (77) |  |  | $ | (159,114) |
OCI before reclassification |  | 23 |  |  | (5,864) |  |  | 3,538 |  |  | (2,303) |
Amounts reclassified from AOCI |  | (50) |  | (a) | (317) |  |  | 554 |  | (b) | 187 |
Net current-period OCI |  | (27) |  |  | (6,181) |  |  | 4,092 |  |  | (2,116) |
Balance, March 31, 2022 |  | $ | (1,824) |  |  | $ | (163,421) |  |  | $ | 4,015 |  |  | $ | (161,230) |
Attributable to noncontrolling interest: |  |  |  |  |  |  |  |
Balance, December 31, 2021 |  | $ | — |  |  | $ | 245 |  |  | $ | — |  |  | $ | 245 |
OCI before reclassification |  | — |  |  | 4 |  |  | — |  |  | 4 |
Net current-period OCI |  | — |  |  | 4 |  |  | — |  |  | 4 |
Balance, March 31, 2022 |  | $ | — |  |  | $ | 249 |  |  | $ | — |  |  | $ | 249 |
(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11). (b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8). Note 12. Accumulated Other Comprehensive Income (continued) The changes in AOCI by component, net of tax, for the six-month periods ended March 31, 2023 and 2022 were as follows:
|  | Post-retirement benefit plans |  | Currency translation adjustment |  | Cash Flow Hedges |  | Total
Attributable to Matthews: |  |  |  |  |  |  |  |
Balance, September 30, 2022 |  | $ | 5,182 |  |  | $ | (203,310) |  |  | $ | 7,937 |  |  | $ | (190,191) |
OCI before reclassification |  | 232 |  |  | 25,426 |  |  | (1,378) |  |  | 24,280 |
Amounts reclassified from AOCI |  | 537 |  | (a) | (434) |  |  | (1,268) |  | (b) | (1,165) |
Net current-period OCI |  | 769 |  |  | 24,992 |  |  | (2,646) |  |  | 23,115 |
Balance, March 31, 2023 |  | $ | 5,951 |  |  | $ | (178,318) |  |  | $ | 5,291 |  |  | $ | (167,076) |
Attributable to noncontrolling interest: |  |  |  |  |  |  |  |
Balance, September 30, 2022 |  | $ | — |  |  | $ | 255 |  |  | $ | — |  |  | $ | 255 |
OCI before reclassification |  | — |  |  | (1) |  |  | — |  |  | (1) |
Net current-period OCI |  | — |  |  | (1) |  |  | — |  |  | (1) |
Balance, March 31, 2023 |  | $ | — |  |  | $ | 254 |  |  | $ | — |  |  | $ | 254 |
|  | Post-retirement benefit plans |  | Currency translation adjustment |  | Cash Flow Hedges |  | Total
Attributable to Matthews: |  |  |  |  |  |  |  |
Balance, September 30, 2021 |  | $ | (35,930) |  |  | $ | (155,251) |  |  | $ | (1,558) |  |  | $ | (192,739) |
OCI before reclassification |  | 10,741 |  |  | (7,577) |  |  | 4,413 |  |  | 7,577 |
Amounts reclassified from AOCI |  | 23,365 |  | (a) | (593) |  |  | 1,160 |  | (b) | 23,932 |
Net current-period OCI |  | 34,106 |  |  | (8,170) |  |  | 5,573 |  |  | 31,509 |
Balance, March 31, 2022 |  | $ | (1,824) |  |  | $ | (163,421) |  |  | $ | 4,015 |  |  | $ | (161,230) |
Attributable to noncontrolling interest: |  |  |  |  |  |  |  |
Balance, September 30, 2021 |  | $ | — |  |  | $ | 241 |  |  | $ | — |  |  | $ | 241 |
OCI before reclassification |  | — |  |  | 8 |  |  | — |  |  | 8 |
Net current-period OCI |  | — |  |  | 8 |  |  | — |  |  | 8 |
Balance, March 31, 2022 |  | $ | — |  |  | $ | 249 |  |  | $ | — |  |  | $ | 249 |
(a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 11). (b) Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 8). Note 12. Accumulated Other Comprehensive Income (continued) Reclassifications out of AOCI for the three and six-month periods ended March 31, 2023 and 2022 were as follows:
|  | Amount reclassified from AOCI
Details about AOCI Components |  | Three Months Ended March 31, 2023 |  | Six Months Ended March 31, 2023 |  | Affected line item in the Statement of income
Postretirement benefit plans |  |  |  |  |  |
Prior service credit (a) |  | $ | 91 |  |  | $ | 182 |  |  |
Actuarial losses |  | 183 |  |  | 370 |  |  | Other income (deductions), net
Settlement loss |  | — |  |  | (1,271) |  |  | Other income (deductions), net
|  | 274 |  |  | (719) |  |  | Income before income tax (b)
|  | (69) |  |  | 182 |  |  | Income taxes
|  | $ | 205 |  |  | $ | (537) |  |  | Net income
Derivatives |  |  |  |  |  |
Cash flow hedges |  | $ | 1,032 |  |  | $ | 1,697 |  |  | Interest expense
Net investment hedges |  | 309 |  |  | 581 |  |  | Interest expense
|  | 1,341 |  |  | 2,278 |  |  | Income before income tax (b)
|  | (339) |  |  | (576) |  |  | Income taxes
|  | $ | 1,002 |  |  | $ | 1,702 |  |  | Net income
Details about AOCI Components |  | Three Months Ended March 31, 2022 |  | Six Months Ended March 31, 2022 |  |  | Affected line item in the Statement of income
Postretirement benefit plans |  |  |  |  |  |  |
Prior service credit (a) |  | $ | 157 |  |  | $ | 201 |  |  |  |
Actuarial losses |  | (91) |  |  | (292) |  |  |  | Other income (deductions), net
Settlement losses |  | — |  |  | (30,856) |  |  |  | Other income (deductions), net
|  | 66 |  |  | (30,947) |  |  |  | Income before income tax (b)
|  | (16) |  |  | 7,582 |  |  |  | Income taxes
|  | $ | 50 |  |  | $ | (23,365) |  |  |  | Net income
Derivatives |  |  |  |  |  |  |
Cash flow hedges |  | $ | (735) |  |  | $ | (1,536) |  |  |  | Interest expense
Net investment hedges |  | 420 |  |  | 785 |  |  |  | Interest expense
|  | (315) |  |  | (751) |  |  |  | Income before income tax (b)
|  | 78 |  |  | 184 |  |  |  | Income taxes
|  | $ | (237) |  |  | $ | (567) |  |  |  | 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 11.
(b) For pre-tax items, positive amounts represent income and negative amounts represent expense.

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- Definition The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -URI https://asc.fasb.org/topic&trid=2134417 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -URI https://asc.fasb.org/extlink&oid=120399700&loc=SL114874048-224260 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 220 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -URI https://asc.fasb.org/extlink&oid=120400993&loc=SL114874131-224263 + Details
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