MATTHEWS INTERNATIONAL CORP Fair Value Disclosure
| Level 1: | Observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in active markets. | |||||||
| Level 2: | Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly. | |||||||
| Level 3: | Unobservable inputs for the asset or liability. | |||||||
| September 30, 2025 | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| Assets: | |||||||||||||||||||||||
| $ | — | $ | 39 | $ | — | $ | 39 | ||||||||||||||||
| Equity and fixed income mutual funds | — | 859 | — | 859 | |||||||||||||||||||
| Life insurance policies | — | 5,239 | — | 5,239 | |||||||||||||||||||
| Total assets at fair value | $ | — | $ | 6,137 | $ | — | $ | 6,137 | |||||||||||||||
| Liabilities: | |||||||||||||||||||||||
(1) (2) | $ | — | $ | 60,918 | $ | — | $ | 60,918 | |||||||||||||||
| Total liabilities at fair value | $ | — | $ | 60,918 | $ | — | $ | 60,918 | |||||||||||||||
| September 30, 2024 | |||||||||||||||||||||||
| Level 1 | Level 2 | Level 3 | Total | ||||||||||||||||||||
| Assets: | |||||||||||||||||||||||
| Equity and fixed income mutual funds | $ | — | $ | 839 | $ | — | $ | 839 | |||||||||||||||
| Life insurance policies | — | 5,493 | — | 5,493 | |||||||||||||||||||
| Total assets at fair value | $ | — | $ | 6,332 | $ | — | $ | 6,332 | |||||||||||||||
| Liabilities: | |||||||||||||||||||||||
(1) (2) | $ | — | $ | 69,573 | $ | — | $ | 69,573 | |||||||||||||||
| Total liabilities at fair value | $ | — | $ | 69,573 | $ | — | $ | 69,573 | |||||||||||||||
(1) Interest rate swaps and cross currency swaps are valued based on observable market swap rates and are classified within Level 2 of the fair value hierarchy. | |||||||||||||||||||||||
(2) Derivative amounts at September 30, 2025 and 2024 reflect $40,186 and $58,432 of partial advance payments received from the counterparties to certain cross-currency swaps, respectively. See Note 12, "Derivatives and Hedging Activities" for further details. | |||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Nov 21, 2025 | Showing above |
| 2024 | Nov 22, 2024 | |
| 2023 | Nov 17, 2023 | |
| 2022 | Nov 18, 2022 | |
| 2021 | Nov 19, 2021 | |
| 2020 | Nov 20, 2020 | |
| 2019 | Nov 22, 2019 | |
| 2018 | Nov 20, 2018 | |
| 2017 | Nov 21, 2017 | |
| 2016 | Nov 22, 2016 | |
| 2015 | Nov 24, 2015 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.