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Segment Information (Tables) | 3 Months Ended
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Dec. 31, 2023
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,
|  |  |  |  |  | 2023 |  | 2022
Sales: |  |  |  |  |  |
Memorialization |  |  |  |  |  | $ | 208,071 |  |  | $ | 206,502 |
Industrial Technologies |  |  |  |  |  | 111,374 |  |  | 109,143 |
SGK Brand Solutions |  |  |  |  |  | 130,541 |  |  | 133,595 |
Consolidated Sales |  |  |  |  |  | $ | 449,986 |  |  | $ | 449,240 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
Memorialization |  |  |  |  |  | $ | 36,700 |  |  | $ | 39,137 |
Industrial Technologies |  |  |  |  |  | 9,622 |  |  | 12,202 |
SGK Brand Solutions |  |  |  |  |  | 12,893 |  |  | 12,232 |
Corporate and Non-Operating |  |  |  |  |  | (13,733) |  |  | (14,280) |
Total Adjusted EBITDA |  |  |  |  |  | $ | 45,482 |  |  | $ | 49,291 |
Acquisition and divestiture related items (1)** |  |  |  |  |  | (1,237) |  |  | (1,285) |
Strategic initiatives and other charges (2)** |  |  |  |  |  | (5,920) |  |  | (1,781) |
Highly inflationary accounting losses (primarily non-cash) (3) |  |  |  |  |  | (320) |  |  | (1,088) |
Stock-based compensation |  |  |  |  |  | (4,651) |  |  | (4,334) |
Non-service pension and postretirement expense (4) |  |  |  |  |  | (109) |  |  | (1,388) |
Depreciation and amortization * |  |  |  |  |  | (23,523) |  |  | (23,729) |
Interest expense, including RPA and factoring financing fees (5) |  |  |  |  |  | (12,751) |  |  | (10,671) |
Net loss attributable to noncontrolling interests |  |  |  |  |  | — |  |  | (56) |
(Loss) income before income taxes |  |  |  |  |  | (3,029) |  |  | 4,959 |
Income tax benefit (provision) |  |  |  |  |  | 726 |  |  | (1,312) |
Net (loss) income |  |  |  |  |  | $ | (2,303) |  |  | $ | 3,647 |
(1) Includes certain non-recurring items associated with recent acquisition and divestiture activities.
(2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts.
(3) Represents exchange losses associated with highly inflationary accounting related to the Company's Turkish subsidiaries (see Note 2, "Basis of Presentation").
(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.
(5) Includes fees for receivables sold under the RPA and factoring arrangements totaling $1,175 and $456 for the three months ended December 31, 2023 and 2022, respectively.
* Depreciation and amortization was $6,413 and $5,574 for the Memorialization segment, $6,377 and $5,853 for the Industrial Technologies segment, $9,572 and $11,060 for the SGK Brand Solutions segment, and $1,161 and $1,242 for Corporate and Non-Operating, for the three months ended December 31, 2023 and 2022, respectively. ** Acquisition and divestiture costs, ERP integration costs, and strategic initiatives and other charges were $60 and $378 for the Memorialization segment, $5,367 and $937 for the Industrial Technologies segment, $863 and $521 for the SGK Brand Solutions segment, $867 and $1,230 for Corporate and Non-Operating, for the three months ended December 31, 2023 and 2022, 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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + Details
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