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ACCUMULATED OTHER COMPREHENSIVE INCOME | 12 Months Ended
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Sep. 30, 2024
Equity [Abstract] |
ACCUMULATED OTHER COMPREHENSIVE INCOME | ACCUMULATED OTHER COMPREHENSIVE INCOME: The changes in AOCI by component, net of tax, for the years ended September 30, 2024, 2023, and 2022 were as follows:
|  | Postretirement 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 |  | 17,851 |  |  | (46,817) |  |  | 8,148 |  |  | (20,818) |
Amounts reclassified from AOCI |  | 23,261 |  | (a) | (1,242) |  | (b) | 1,347 |  | (b) | 23,366 |
Net current-period OCI |  | 41,112 |  |  | (48,059) |  |  | 9,495 |  |  | 2,548 |
Balance, September 30, 2022 |  | $ | 5,182 |  |  | $ | (203,310) |  |  | $ | 7,937 |  |  | $ | (190,191) |
OCI before reclassification |  | 1,476 |  |  | 13,979 |  |  | 3,056 |  |  | 18,511 |
Amounts reclassified from AOCI |  | 102 |  | (a) | (865) |  | (b) | (1,961) |  | (b) | (2,724) |
Net current-period OCI |  | 1,578 |  |  | 13,114 |  |  | 1,095 |  |  | 15,787 |
Balance, September 30, 2023 |  | $ | 6,760 |  |  | $ | (190,196) |  |  | $ | 9,032 |  |  | $ | (174,404) |
OCI before reclassification |  | (955) |  |  | 16,182 |  |  | (6,104) |  |  | 9,123 |
Amounts reclassified from AOCI |  | (850) |  | (a) | (609) |  | (b) | (2,002) |  | (b) | (3,461) |
Net current-period OCI |  | (1,805) |  |  | 15,573 |  |  | (8,106) |  |  | 5,662 |
Balance, September 30, 2024 |  | $ | 4,955 |  |  | $ | (174,623) |  |  | $ | 926 |  |  | $ | (168,742) |
Attributable to noncontrolling interest: |  |  |  |  |  |  |  |
Balance, September 30, 2021 |  | $ | — |  |  | $ | 241 |  |  | $ | — |  |  | $ | 241 |
OCI before reclassification |  | — |  |  | 14 |  |  | — |  |  | 14 |
Net current-period OCI |  | — |  |  | 14 |  |  | — |  |  | 14 |
Balance, September 30, 2022 |  | $ | — |  |  | $ | 255 |  |  | $ | — |  |  | $ | 255 |
OCI before reclassification |  | — |  |  | 11 |  |  | — |  |  | 11 |
Net current-period OCI |  | — |  |  | 11 |  |  | — |  |  | 11 |
Balance, September 30, 2023 |  | $ | — |  |  | $ | 266 |  |  | $ | — |  |  | $ | 266 |
OCI before reclassification |  | — |  |  | 23 |  |  | — |  |  | 23 |
Net current-period OCI |  | — |  |  | 23 |  |  | — |  |  | 23 |
Balance, September 30, 2024 |  | $ | — |  |  | $ | 289 |  |  | $ | — |  |  | $ | 289 |
(a)Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see Note 16). (b)Amounts were included in interest expense in the periods the hedged item affected earnings (see Note 12). Accumulated other comprehensive loss at September 30, 2024 and 2023 consisted of the following:
| 2024 |  | 2023
Cumulative foreign currency translation | $ | (174,623) |  |  | $ | (190,196) |
Fair value of cash flow hedges, net of tax of $316 and $3,058, respectively | 926 |  |  | 9,032 |
Minimum pension liabilities, net of tax of $1,496 and $1,620, respectively | 4,955 |  |  | 6,760 |
| $ | (168,742) |  |  | $ | (174,404) |
Reclassifications out of AOCI for the years ended September 30, 2024, 2023 and 2022 were as follows:
Details about AOCI Components |  | September 30, 2024 |  | September 30, 2023 |  | September 30, 2022 |  | Affected line item in the Statement of Income |
Postretirement benefit plans |  |  |  |  |  |  |  |  |
Prior service (cost) credit (a) |  | $ | 364 |  |  | $ | 364 |  |  | $ | 516 |  |  |  |
Actuarial gains (losses) |  | 775 |  |  | 772 |  |  | (469) |  |  | Other income (deductions), net |
Settlement losses |  | — |  |  | (1,271) |  |  | (30,856) |  |  | Other income (deductions), net |
|  | 1,139 |  |  | (135) |  |  | (30,809) |  |  | (Loss) income before income taxes | (b)
|  | (289) |  |  | 33 |  |  | 7,548 |  |  | Income tax benefit (provision) |
|  | $ | 850 |  |  | $ | (102) |  |  | $ | (23,261) |  |  | Net (loss) income |
Derivatives |  |  |  |  |  |  |  |  |
Cash flow hedges |  | $ | 2,679 |  |  | $ | 2,626 |  |  | $ | (1,786) |  |  | Interest expense |
Net investment hedges |  | 816 |  |  | 1,159 |  |  | 1,645 |  |  | Interest expense |
|  | 3,495 |  |  | 3,785 |  |  | (141) |  |  | (Loss) income before income taxes | (b)
|  | (884) |  |  | (959) |  |  | 36 |  |  | Income tax benefit (provision) |
|  | $ | 2,611 |  |  | $ | 2,826 |  |  | $ | (105) |  |  | Net (loss) 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 16. (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://www.xbrl.org/2003/role/disclosureRef -Topic 944 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04(19)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477250/944-220-S99-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(21)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 942 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04(23)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147478524/942-220-S99-1 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/220/tableOfContent + Details
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