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Segment Information (Tables) | 6 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
Schedule of 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 March 31, |  | Six Months Ended March 31,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales: |  |
Memorialization |  | $ | 205,620 |  |  | $ | 222,156 |  |  | $ | 396,106 |  |  | $ | 430,227 |
Industrial Technologies |  | 80,835 |  |  | 116,136 |  |  | 161,368 |  |  | 227,510 |
SGK Brand Solutions |  | 141,174 |  |  | 132,931 |  |  | 271,997 |  |  | 263,472 |
Consolidated Sales |  | $ | 427,629 |  |  | $ | 471,223 |  |  | $ | 829,471 |  |  | $ | 921,209 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
Memorialization |  | $ | 45,038 |  |  | $ | 46,614 |  |  | $ | 81,650 |  |  | $ | 83,314 |
Industrial Technologies |  | 6,042 |  |  | 10,028 |  |  | 7,874 |  |  | 19,650 |
SGK Brand Solutions |  | 15,596 |  |  | 15,370 |  |  | 27,888 |  |  | 28,263 |
Corporate and Non-Operating |  | (15,262) |  |  | (15,212) |  |  | (25,975) |  |  | (28,945) |
Total Adjusted EBITDA |  | $ | 51,414 |  |  | $ | 56,800 |  |  | $ | 91,437 |  |  | $ | 102,282 |
Acquisition and divestiture related items (1)** |  | (15,773) |  |  | (2,062) |  |  | (16,350) |  |  | (3,299) |
Strategic initiatives and other items (2)**† |  | (5,373) |  |  | (4,962) |  |  | (5,988) |  |  | (10,882) |
Highly inflationary accounting losses (primarily non-cash) (3) |  | (520) |  |  | (390) |  |  | (711) |  |  | (710) |
Stock-based compensation |  | (6,018) |  |  | (4,327) |  |  | (10,997) |  |  | (8,978) |
Non-service pension and postretirement expense (4) |  | (133) |  |  | (110) |  |  | (266) |  |  | (219) |
Depreciation and amortization * |  | (18,231) |  |  | (23,261) |  |  | (40,735) |  |  | (46,784) |
Interest expense, including RPA and factoring financing fees (5) |  | (17,010) |  |  | (13,783) |  |  | (33,864) |  |  | (26,534) |
(Loss) income before income taxes |  | (11,644) |  |  | 7,905 |  |  | (17,474) |  |  | 4,876 |
Income tax benefit |  | 2,728 |  |  | 1,122 |  |  | 5,086 |  |  | 1,848 |
Net (loss) income |  | $ | (8,916) |  |  | $ | 9,027 |  |  | $ | (12,388) |  |  | $ | 6,724 |
Note 14. Segment Information (continued)
(1) Includes certain non-recurring items associated with recent acquisition and divestiture activities and also includes a loss of $2,072 for the three and six months ended March 31, 2025 related to the divestiture of a business in the Industrial Technologies segment (See Note 15, "Acquisitions and Divestitures"). Fiscal 2025 also includes costs related to the pending sale of the Company's interest in the SGK Brand Solutions business which totaled $10,586 for the three months ended March 31, 2025 and $11,485 for the six months ended March 31, 2025.
(2) Includes certain non-recurring costs associated with commercial, operational and cost-reduction initiatives, and costs associated with global ERP system integration efforts. Also includes legal costs related to an ongoing dispute with Tesla, Inc. ("Tesla"), which totaled $1,757 and $2,602 for the three months ended March 31, 2025 and 2024, respectively, and $8,624 and $4,972 for the six months ended March 31, 2025 and 2024, respectively (see Note 17, "Legal Matter"). Fiscal 2025 includes costs related to the Company's 2025 contested proxy which totaled $4,538 for the three months ended March 31, 2025 and $4,902 for the six months ended March 31, 2025. Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,655 for the six months ended March 31, 2025. Fiscal 2025 also includes loss recoveries totaling $1,170 for the six months ended March 31, 2025 which were related to a previously disclosed theft of funds by a former employee initially identified in fiscal 2015.
(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 $1,145 and $1,238 for the three months ended March 31, 2025 and 2024, respectively, and $2,317 and $2,413 for the six months ended March 31, 2025 and 2024, respectively.
* Depreciation and amortization was $7,170 and $6,914 for the Memorialization segment, $5,644 and $5,571 for the Industrial Technologies segment, $4,718 and $9,669 for the SGK Brand Solutions segment, and $699 and $1,107 for Corporate and Non-Operating, for the three months ended March 31, 2025 and 2024, respectively. Depreciation and amortization was $14,372 and $13,327 for the Memorialization segment, $11,318 and $11,948 for the Industrial Technologies segment, $13,578 and $19,241 for the SGK Brand Solutions segment, and $1,467 and $2,268 for Corporate and Non-Operating, for the six months ended March 31, 2025 and 2024, respectively. ** Acquisition and divestiture costs, ERP system integration costs, and strategic initiatives and other charges were $2,410 and $1,037 for the Memorialization segment, $2,264 and $4,431 for the Industrial Technologies segment, $416 and $358 for the SGK Brand Solutions segment, and $16,056 and $1,198 for Corporate and Non-Operating, for the three months ended March 31, 2025 and 2024, respectively. Acquisition costs, ERP system integration costs, and strategic initiatives and other charges were $3,713 and $1,097 for the Memorialization segment, $6,383 and $9,799 for the Industrial Technologies segment, $1,130 and $1,221 for the SGK Brand Solutions segment, and $11,112 and $2,064 for Corporate and Non-Operating, for the six months ended March 31, 2025 and 2024, respectively. † Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling $2,471 of income and $822 of expenses for the three months ended March 31, 2025 and 2024, respectively, and $1,305 of income and $2,783 of expenses for the six months ended March 31, 2025 and 2024, respectively. Refer to Note 9, "Restructuring" for further details.

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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 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: 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 3: 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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