Accumulated Other Comprehensive Income | Note 9. Accumulated Other Comprehensive Income The changes in AOCI by component, net of tax, for the three month periods ended June 30, 2015 and 2014 were as follows: Post-retirement benefit plans Currency translation adjustment Derivatives Total Attributable to Matthews: Balance, March 31, 2015 $ (37,761 ) $ (95,297 ) $ (1,746 ) $ (134,804 ) OCI before reclassification - 8,283 664 8,947 Amounts reclassified from AOCI (a) 876 - (b) 581 1,457 Net current-period OCI 876 8,283 1,245 10,404 Balance, June 30, 2015 $ (36,885 ) $ (87,014 ) $ (501 ) $ (124,400 ) Attributable to noncontrolling interest: Balance, March 31, 2015 - $ 445 - $ 445 OCI before reclassification - (9 ) - (9 ) Net current-period OCI - (9 ) - (9 ) Balance, June 30, 2015 - $ 436 - $ 436 Post-retirement benefit plans Currency translation adjustment Derivatives Total Attributable to Matthews: Balance, March 31, 2014 $ (29,043 ) $ 6,483 $ 273 $ (22,287 ) OCI before reclassification - 477 (1,965 ) (1,488 ) Amounts reclassified from AOCI (a) 565 - (b) 1,212 1,777 Net current-period OCI 565 477 (753 ) 289 Balance, June 30, 2014 $ (28,478 ) $ 6,960 $ (480 ) $ (21,998 ) Attributable to noncontrolling interest: Balance, March 31, 2014 - $ 347 - $ 347 OCI before reclassification - 120 - 120 Net current-period OCI - 120 - 120 Balance, June 30, 2014 - $ 467 - $ 467 (a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see note 8). (b) Amounts were included in interest expense in the periods the hedged item affected earnings (see note 5). The changes in AOCI by component, net of tax, for the nine month periods ended June 30, 2015 and 2014 were as follows: Post-retirement benefit plans Currency translation adjustment Derivatives Total Attributable to Matthews: Balance, September 30, 2014 $ (39,651 ) $ (27,367 ) $ 201 $ (66,817 ) OCI before reclassification - (59,647 ) (2,548 ) (62,195 ) Amounts reclassified from AOCI (a) 2,766 - (b) 1,846 4,612 Net current-period OCI 2,766 (59,647 ) (702 ) (57,583 ) Balance, June 30, 2015 $ (36,885 ) $ (87,014 ) $ (501 ) $ (124,400 ) Attributable to noncontrolling interest: Balance, September 30, 2014 - $ 516 - $ 516 OCI before reclassification - (80 ) - (80 ) Net current-period OCI - (80 ) - (80 ) Balance, June 30, 2015 - $ 436 - $ 436 Post-retirement benefit plans Currency translation adjustment Derivatives Total Attributable to Matthews: Balance, September 30, 2013 $ (30,100 ) $ 3,714 $ (554 ) $ (26,940 ) OCI before reclassification - 3,246 (2,437 ) 809 Amounts reclassified from AOCI (a) 1,622 - (b) 2,511 4,133 Net current-period OCI 1,622 3,246 74 4,942 Balance, June 30, 2014 $ (28,478 ) $ 6,960 $ (480 ) $ (21,998 ) Attributable to noncontrolling interest: Balance, September 30, 2013 - $ 401 - $ 401 OCI before reclassification - 66 - 66 Net current-period OCI - 66 - 66 Balance, June 30, 2014 - $ 467 - $ 467 (a) Amounts were included in net periodic benefit cost for pension and other postretirement benefit plans (see note 8). (b) Amounts were included in interest expense in the periods the hedged item affected earnings (see note 5). Reclassifications out of AOCI for the three and nine month periods ended June 30, 2015 were as follows: Amount reclassified from AOCI Details about AOCI Components Three months ended June 30, 2015 Nine months ended June 30, 2015 Affected line item in the Statement of income Postretirement benefit plans Prior service (cost) credit $ 94 (a) $ 282 Actuarial losses (1,564 ) (a) (4,692 ) (1,470 ) (b) (4,410 ) Total before tax (594 ) (1,644 ) Tax provision (benefit) $ (876 ) $ (2,766 ) Net of tax Derivatives Interest rate swap contracts $ (953 ) $ (3,026 ) Interest expense (953 ) (b) (3,026 ) Total before tax (372 ) (1,180 ) Tax provision (benefit) $ (581 ) $ (1,846 ) Net of tax Reclassifications out of AOCI for the three and nine month periods ended June 30, 2014 were as follows: Amount reclassified from AOCI Details about AOCI Components Three months ended June 30, 2014 Nine months ended June 30, 2014 Affected line item in the Statement of income Postretirement benefit plans Prior service (cost) credit $ 75 (a) $ 222 Actuarial losses (942 ) (a) (2,826 ) (867 ) (b) (2,604 ) Total before tax (302 ) (982 ) Tax provision (benefit) $ (565 ) $ (1,622 ) Net of tax Derivatives Interest rate swap contracts $ (1,987 ) $ (4,117 ) Interest expense (1,987 ) (b) (4,117 ) Total before tax (775 ) (1,606 ) Tax provision (benefit) $ (1,212 ) $ (2,511 ) Net of tax (a) 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 8. (b) For pre-tax items, positive amounts represent income and negative amounts represent expense. |