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Segment Information (Tables) | 9 Months Ended
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Jun. 30, 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 June 30, |  | Nine Months Ended June 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Sales: |  |
Memorialization |  | $ | 203,728 |  |  | $ | 202,664 |  |  | $ | 599,834 |  |  | $ | 632,891 |
Industrial Technologies |  | 87,901 |  |  | 91,731 |  |  | 249,269 |  |  | 319,241 |
Brand Solutions |  | 57,748 |  |  | 133,438 |  |  | 329,745 |  |  | 396,910 |
Consolidated Sales |  | $ | 349,377 |  |  | $ | 427,833 |  |  | $ | 1,178,848 |  |  | $ | 1,349,042 |
Adjusted EBITDA: |  |  |  |  |  |  |  |
Memorialization |  | $ | 42,801 |  |  | $ | 38,737 |  |  | $ | 124,451 |  |  | $ | 122,051 |
Industrial Technologies |  | 9,047 |  |  | 4,196 |  |  | 16,921 |  |  | 23,846 |
Brand Solutions |  | 5,004 |  |  | 16,054 |  |  | 32,892 |  |  | 44,317 |
Corporate and Non-Operating |  | (12,302) |  |  | (14,241) |  |  | (38,277) |  |  | (43,186) |
Total Adjusted EBITDA |  | $ | 44,550 |  |  | $ | 44,746 |  |  | $ | 135,987 |  |  | $ | 147,028 |
Acquisition and divestiture related items (1)** |  | 9,473 |  |  | (2,266) |  |  | (6,877) |  |  | (5,565) |
Strategic initiatives and other items (2)**† |  | (10,315) |  |  | (6,246) |  |  | (16,303) |  |  | (17,128) |
Gain on sale of SGK Business |  | 57,103 |  |  | — |  |  | 57,103 |  |  | — |
Highly inflationary accounting losses (primarily non-cash) (3) |  | (325) |  |  | (185) |  |  | (1,036) |  |  | (895) |
Stock-based compensation |  | (8,841) |  |  | (5,331) |  |  | (19,838) |  |  | (14,309) |
Non-service pension and postretirement expense (4) |  | (141) |  |  | (108) |  |  | (407) |  |  | (327) |
Depreciation and amortization * |  | (15,836) |  |  | (23,657) |  |  | (56,571) |  |  | (70,441) |
Interest expense, including RPA and factoring financing fees (5) |  | (16,804) |  |  | (14,005) |  |  | (50,668) |  |  | (40,539) |
Income (loss) before income taxes |  | 58,864 |  |  | (7,052) |  |  | 41,390 |  |  | (2,176) |
Income tax (provision) benefit |  | (43,477) |  |  | 8,829 |  |  | (38,391) |  |  | 10,677 |
Net income |  | $ | 15,387 |  |  | $ | 1,777 |  |  | $ | 2,999 |  |  | $ | 8,501 |
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 nine months ended June 30, 2025 related to the divestiture of a business in the Industrial Technologies segment (See Note 15, "Acquisitions and Divestitures"). The fiscal 2025 third quarter amount reflects a reclassification of transaction costs totaling $9,738, which have been presented as a component of gain on sale of SGK Business.
(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 $5,795 and $3,166 for the three months ended June 30, 2025 and 2024, respectively, and $14,419 and $8,138 for the nine months ended June 30, 2025 and 2024, respectively (see Note 17, "Legal Matter"). Fiscal 2025 includes costs related to the Company's 2025 contested proxy which totaled $207 for the three months ended June 30, 2025 and $5,109 for the nine months ended June 30, 2025. Fiscal 2025 includes net gains on the sales of certain significant property and other assets of $8,655 for the nine months ended June 30, 2025. Fiscal 2025 also includes loss recoveries totaling $538 for the three months ended June 30, 2025 and $1,708 for the nine months ended June 30, 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 $974 and $1,225 for the three months ended June 30, 2025 and 2024, respectively, and $3,291 and $3,638 for the nine months ended June 30, 2025 and 2024, respectively.
* Depreciation and amortization was $7,394 and $7,073 for the Memorialization segment, $5,489 and $5,796 for the Industrial Technologies segment, $2,357 and $9,702 for the Brand Solutions segment, and $596 and $1,086 for Corporate and Non-Operating, for the three months ended June 30, 2025 and 2024, respectively. Depreciation and amortization was $21,766 and $20,400 for the Memorialization segment, $16,807 and $17,744 for the Industrial Technologies segment, $15,935 and $28,943 for the Brand Solutions segment, and $2,063 and $3,354 for Corporate and Non-Operating, for the nine months ended June 30, 2025 and 2024, respectively. ** Acquisition and divestiture costs, ERP system integration costs, and strategic initiatives and other charges were $552 and $1,108 for the Memorialization segment, $9,079 and $4,490 for the Industrial Technologies segment, $1,692 and $1,473 for the Brand Solutions segment, and income of $10,481 and costs of $1,441 for Corporate and Non-Operating, for the three months ended June 30, 2025 and 2024, respectively. Acquisition costs, ERP system integration costs, and strategic initiatives and other charges were $4,265 and $2,204 for the Memorialization segment, $15,462 and $14,288 for the Industrial Technologies segment, $2,822 and $2,694 for the Brand Solutions segment, and $631 and $3,507 for Corporate and Non-Operating, for the nine months ended June 30, 2025 and 2024, respectively. † Strategic initiatives and other items includes charges for exit and disposal activities (including severance and other employee termination benefits) totaling expenses of $2,438 and $1,079 for the three months ended June 30, 2025 and 2024, respectively, and expenses of $1,133 and $3,862 for the nine months ended June 30, 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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