2021 Q3 Form 10-K Financial Statement

#000006329621000107 Filed on November 19, 2021

View on sec.gov

Income Statement

Concept 2021 Q3 2021 2020 Q3
Revenue $438.8M $1.671B $399.1M
YoY Change 9.95% 11.53% 1.72%
Cost Of Revenue $300.8M $1.129B $262.8M
YoY Change 14.45% 12.86% 5.2%
Gross Profit $138.1M $541.8M $136.3M
YoY Change 1.28% 8.85% -4.4%
Gross Profit Margin 31.46% 32.43% 34.15%
Selling, General & Admin $107.6M $415.6M $97.80M
YoY Change 10.03% 3.88% -8.0%
% of Gross Profit 77.94% 76.7% 71.74%
Research & Development $13.21M
YoY Change -1.17%
% of Gross Profit 2.44%
Depreciation & Amortization $35.59M $133.5M $30.70M
YoY Change 15.94% 12.14% 2.33%
% of Gross Profit 25.78% 24.64% 22.52%
Operating Expenses $130.6M $428.8M $115.7M
YoY Change 12.92% 3.72% -7.29%
Operating Profit $7.417M $42.03M $20.60M
YoY Change -64.0% -165.48% -134.44%
Interest Expense -$7.335M $28.68M -$7.400M
YoY Change -0.88% -17.78% -24.49%
% of Operating Profit -98.89% 68.24% -35.92%
Other Income/Expense, Net -$2.000K -$6.762M -$1.800M
YoY Change -99.89% -26.67% -67.27%
Pretax Income $80.00K $9.233M $11.40M
YoY Change -99.3% -108.68% -115.18%
Income Tax $3.748M $6.375M $4.000M
% Of Pretax Income 4685.0% 69.05% 35.09%
Net Earnings -$3.676M $2.910M $7.406M
YoY Change -149.64% -103.34% -110.41%
Net Earnings / Revenue -0.84% 0.17% 1.86%
Basic Earnings Per Share $0.09 $0.24
Diluted Earnings Per Share -$115.8K $0.09 $0.24
COMMON SHARES
Basic Shares Outstanding 31.70M shares
Diluted Shares Outstanding 31.99M shares

Balance Sheet

Concept 2021 Q3 2021 2020 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $49.18M $49.18M $41.30M
YoY Change 19.07% 19.07% 17.0%
Cash & Equivalents $49.18M $49.18M $41.33M
Short-Term Investments
Other Short-Term Assets $76.08M $76.08M $63.95M
YoY Change 18.97% 18.88% 29.5%
Inventory $189.1M $189.1M $175.1M
Prepaid Expenses
Receivables $309.8M $309.8M $295.2M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $624.2M $624.2M $575.6M
YoY Change 8.44% 8.44% -1.4%
LONG-TERM ASSETS
Property, Plant & Equipment $304.0M $304.0M $236.8M
YoY Change 28.37% -1.56% -0.28%
Goodwill $773.8M $765.4M
YoY Change 1.1% -9.61%
Intangibles $261.5M $333.5M
YoY Change -21.58% -16.76%
Long-Term Investments $458.0K $30.44M $446.0K
YoY Change 2.69% -51.91% -98.88%
Other Assets $15.52M $38.18M $22.37M
YoY Change -30.61% 46.27% -28.89%
Total Long-Term Assets $1.408B $1.408B $1.497B
YoY Change -5.95% -5.95% -6.83%
TOTAL ASSETS
Total Short-Term Assets $624.2M $624.2M $575.6M
Total Long-Term Assets $1.408B $1.408B $1.497B
Total Assets $2.032B $2.032B $2.073B
YoY Change -1.96% -1.96% -5.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $112.7M $112.7M $82.92M
YoY Change 35.94% 35.97% 11.22%
Accrued Expenses $94.09M $94.09M $82.00M
YoY Change 14.74% 14.74% 92.94%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $4.624M $4.624M $26.82M
YoY Change -82.76% -82.75% -36.89%
Total Short-Term Liabilities $354.2M $354.2M $316.9M
YoY Change 11.79% 11.78% 13.22%
LONG-TERM LIABILITIES
Long-Term Debt $759.1M $759.1M $807.7M
YoY Change -6.02% -6.02% -10.07%
Other Long-Term Liabilities $24.92M $184.9M $39.97M
YoY Change -37.66% -28.23% 7.76%
Total Long-Term Liabilities $784.0M $944.0M $847.7M
YoY Change -7.51% -11.39% -9.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $354.2M $354.2M $316.9M
Total Long-Term Liabilities $784.0M $944.0M $847.7M
Total Liabilities $1.396B $1.396B $1.461B
YoY Change -4.48% -4.53% -0.69%
SHAREHOLDERS EQUITY
Retained Earnings $834.2M $859.0M
YoY Change -2.89% -11.68%
Common Stock $185.8M $171.5M
YoY Change 8.34% -1.49%
Preferred Stock
YoY Change
Treasury Stock (at cost) $190.7M $179.0M
YoY Change 6.56% -10.61%
Treasury Stock Shares 4.864M shares 4.502M shares
Shareholders Equity $636.5M $636.5M $610.8M
YoY Change
Total Liabilities & Shareholders Equity $2.032B $2.032B $2.073B
YoY Change -1.96% -1.96% -5.39%

Cashflow Statement

Concept 2021 Q3 2021 2020 Q3
OPERATING ACTIVITIES
Net Income -$3.676M $2.910M $7.406M
YoY Change -149.64% -103.34% -110.41%
Depreciation, Depletion And Amortization $35.59M $133.5M $30.70M
YoY Change 15.94% 12.14% 2.33%
Cash From Operating Activities $55.95M $162.8M $56.80M
YoY Change -1.49% -9.77% 36.21%
INVESTING ACTIVITIES
Capital Expenditures -$9.818M $34.31M -$9.300M
YoY Change 5.57% -1.54% 63.16%
Acquisitions $15.62M
YoY Change 1462.3%
Other Investing Activities $19.73M $21.32M -$800.0K
YoY Change -2566.5% -33.58% -106.84%
Cash From Investing Activities $9.914M -$12.99M -$10.10M
YoY Change -198.16% 378.04% -268.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $11.86M
YoY Change 167.8%
Debt Paid & Issued, Net $702.4M
YoY Change -45.17%
Cash From Financing Activities -43.02M -$122.9M -49.20M
YoY Change -12.56% -28.68% 9.82%
NET CHANGE
Cash From Operating Activities 55.95M $162.8M 56.80M
Cash From Investing Activities 9.914M -$12.99M -10.10M
Cash From Financing Activities -43.02M -$122.9M -49.20M
Net Change In Cash 22.85M $27.01M -2.500M
YoY Change -1013.84% 347.76% -186.21%
FREE CASH FLOW
Cash From Operating Activities $55.95M $162.8M $56.80M
Capital Expenditures -$9.818M $34.31M -$9.300M
Free Cash Flow $65.77M $128.5M $66.10M
YoY Change -0.5% -11.74% 39.45%

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CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2021 us-gaap Nature Of Operations
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NATURE OF OPERATIONS:<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Matthews International Corporation ("Matthews" or the "Company"), founded in 1850 and incorporated in Pennsylvania in 1902, is a global provider of brand solutions, memorialization products and industrial technologies. Brand solutions consists of brand management, pre-media services, printing plates and cylinders, engineered products (including energy solutions), imaging services, digital asset management, merchandising display systems, and marketing and design services primarily for the consumer goods and retail industries. Memorialization products consist primarily of bronze and granite memorials and other memorialization products, caskets, and cremation and incineration equipment primarily for the cemetery and funeral home industries. Industrial technologies include marking and coding equipment and consumables, industrial automation products and order fulfillment systems for identifying, tracking, picking and conveying consumer and industrial products.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company has facilities in North America, Europe, Asia, Australia, and Central and South America.</span></div>
CY2021 us-gaap Use Of Estimates
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<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates:</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period.  Actual results could differ from those estimates.</span></div>
CY2021 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Reclassifications:</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain reclassifications have been made to the prior year financial statements to conform to the current year presentation. These reclassifications are not material to the prior year presentation.</span></div>
CY2021 matw Period Past Due For Which Finance Charge May Be Applied
PeriodPastDueForWhichFinanceChargeMayBeApplied
P30D
CY2021 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Derivatives and Hedging:</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Derivatives are held as part of a formal documented hedging program.  All derivatives are held for purposes other than trading.  Matthews measures effectiveness by formally assessing, at least quarterly, the historical and probable future high correlation of changes in the fair value or future cash flows of the hedged item.  If the hedging relationship ceases to be highly effective or it becomes probable that an expected transaction will no longer occur, gains and losses on the derivative will be recorded in other income (deductions) at that time.</span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Changes in the fair value of derivatives designated as cash flow hedges are recorded in other comprehensive income (loss) ("OCI"), net of tax, and are reclassified to earnings in a manner consistent with the underlying hedged item.  The cash flows from derivative activities are recognized in the statement of cash flows in a manner consistent with the underlying hedged item.</span></div>
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13206000 USD
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
13363000 USD
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
15043000 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
9618000 USD
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2182000 USD
CY2021 matw Accounts Receivable Allowance For Credit Loss Writeoff After Recovery
AccountsReceivableAllowanceForCreditLossWriteoffAfterRecovery
1146000 USD
CY2021Q3 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
10654000 USD
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1671030000 USD
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1498306000 USD
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1537276000 USD
CY2021Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
37673000 USD
CY2020Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
36157000 USD
CY2021Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
75997000 USD
CY2020Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
70128000 USD
CY2021Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
75418000 USD
CY2020Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
68815000 USD
CY2021Q3 us-gaap Inventory Net
InventoryNet
189088000 USD
CY2020Q3 us-gaap Inventory Net
InventoryNet
175100000 USD
CY2021Q3 us-gaap Trading Securities
TradingSecurities
6936000 USD
CY2020Q3 us-gaap Assets Held In Trust
AssetsHeldInTrust
24610000 USD
CY2021Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
4626000 USD
CY2020Q3 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
4621000 USD
CY2021Q3 us-gaap Equity Method Investments
EquityMethodInvestments
458000 USD
CY2020Q3 us-gaap Equity Method Investments
EquityMethodInvestments
446000 USD
CY2021Q3 us-gaap Other Investments
OtherInvestments
18418000 USD
CY2020Q3 us-gaap Other Investments
OtherInvestments
33573000 USD
CY2021Q3 us-gaap Long Term Investments
LongTermInvestments
30438000 USD
CY2020Q3 us-gaap Long Term Investments
LongTermInvestments
63250000 USD
CY2020Q3 us-gaap Investment Owned Unrecognized Unrealized Appreciation Depreciation Net
InvestmentOwnedUnrecognizedUnrealizedAppreciationDepreciationNet
138000 USD
CY2021Q3 us-gaap Restricted Cash Noncurrent
RestrictedCashNoncurrent
19167000 USD
CY2020 us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
9482000 USD
CY2020 us-gaap Proceeds From Divestiture Of Interest In Subsidiaries And Affiliates
ProceedsFromDivestitureOfInterestInSubsidiariesAndAffiliates
42210000 USD
CY2020Q3 us-gaap Receivable With Imputed Interest Net Amount
ReceivableWithImputedInterestNetAmount
15000000 USD
CY2020 us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
11208000 USD
CY2021Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
223707000 USD
CY2020Q3 us-gaap Property Plant And Equipment And Finance Lease Right Of Use Asset After Accumulated Depreciation And Amortization
PropertyPlantAndEquipmentAndFinanceLeaseRightOfUseAssetAfterAccumulatedDepreciationAndAmortization
236788000 USD
CY2021 us-gaap Depreciation
Depreciation
49279000 USD
CY2020 us-gaap Depreciation
Depreciation
47544000 USD
CY2019 us-gaap Depreciation
Depreciation
45037000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9177000 USD
CY2020Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9684000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
763710000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
834534000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
4624000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
26824000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
759086000 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
807710000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-5370000 USD
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-1743000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-4377000 USD
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
-1420000 USD
CY2020Q4 us-gaap Litigation Settlement Amount Awarded From Other Party
LitigationSettlementAmountAwardedFromOtherParty
10450000 GBP
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
97757000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
1058000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
1055000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
350854000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
298892000 USD
CY2021Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4917000 USD
CY2021Q3 us-gaap Long Term Debt
LongTermDebt
754533000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9177000 USD
CY2021Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
763710000 USD
CY2021Q3 matw Debt Maturities Repayments Of Principal In Next Twelve Monthsand Capital Leases Future Minimum Payments Due Current With Option To Extend
DebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonthsandCapitalLeasesFutureMinimumPaymentsDueCurrentWithOptionToExtend
96807000 USD
CY2021Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
12337000 USD
CY2020Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
9185000 USD
CY2021Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
80262000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
72011000 USD
CY2021Q3 matw Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
92599000 USD
CY2020Q3 matw Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
81196000 USD
CY2021Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3674000 USD
CY2020Q3 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
3515000 USD
CY2021Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
25151000 USD
CY2020Q3 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
23942000 USD
CY2021Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
5503000 USD
CY2020Q3 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
6169000 USD
CY2021Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
57272000 USD
CY2020Q3 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
49297000 USD
CY2021Q3 matw Finance And Operating Lease Liability
FinanceAndOperatingLeaseLiability
91600000 USD
CY2020Q3 matw Finance And Operating Lease Liability
FinanceAndOperatingLeaseLiability
82923000 USD
CY2021 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
4016000 USD
CY2020 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2112000 USD
CY2021 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
248000 USD
CY2020 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
206000 USD
CY2021 us-gaap Operating Lease Cost
OperatingLeaseCost
21716000 USD
CY2020 us-gaap Operating Lease Cost
OperatingLeaseCost
23735000 USD
CY2021 us-gaap Variable Lease Cost
VariableLeaseCost
6752000 USD
CY2020 us-gaap Variable Lease Cost
VariableLeaseCost
5298000 USD
CY2021 us-gaap Sublease Income
SubleaseIncome
83000 USD
CY2020 us-gaap Sublease Income
SubleaseIncome
732000 USD
CY2021 us-gaap Lease Cost
LeaseCost
32649000 USD
CY2020 us-gaap Lease Cost
LeaseCost
30619000 USD
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
28468000 USD
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
29033000 USD
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
38015000 USD
CY2021 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
255000 USD
CY2020 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
207000 USD
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
28246000 USD
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
29309000 USD
CY2021 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
4134000 USD
CY2020 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2064000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
3687000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
2613000 USD
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
16341000 USD
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
12442000 USD
CY2021Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y10M6D
CY2020Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P4Y4M20D
CY2021Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y9M25D
CY2020Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M7D
CY2021Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0270
CY2020Q3 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0289
CY2021Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0228
CY2020Q3 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0282
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
26643000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
3927000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
20953000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
2125000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
15588000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1222000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
10777000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
565000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7863000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
456000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
4341000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
1592000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
86165000 USD
CY2021Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
9887000 USD
CY2021Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3742000 USD
CY2021Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
710000 USD
CY2021Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
82423000 USD
CY2021Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
9177000 USD
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
2232000 USD
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2910000 USD
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-87155000 USD
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-37988000 USD
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31696000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31190000 shares
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
31416000 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
291000 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31987000 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31190000 shares
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
31416000 shares
CY2021Q3 us-gaap Assets Held In Trust
AssetsHeldInTrust
26103000 USD
CY2020Q3 us-gaap Assets Held In Trust
AssetsHeldInTrust
24610000 USD
CY2021Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
208344000 USD
CY2020Q3 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
168134000 USD
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
9186000 USD
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8692000 USD
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
8176000 USD
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
504000 USD
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1908000 USD
CY2021 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
11638000 USD
CY2020 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax
26988000 USD
CY2021 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-3741000 USD
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-12354000 USD
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
3308000 USD
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3579000 USD
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-1030000 USD
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2379000 USD
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
11306000 USD
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6375000 USD
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
2049000 USD
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
2217000 USD
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
-2078000 USD
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7589000 USD
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
5829000 USD
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
4710000 USD
CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-5472000 USD
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
169000 USD
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
2880000 USD
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-2782000 USD
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-1840000 USD
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-24197000 USD
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
1471000 USD
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
4158000 USD
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-16607000 USD
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-6783000 USD
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-18685000 USD
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
806000 USD
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.375
CY2020 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
-0.019
CY2019 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.027
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.186
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.034
CY2019 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
-0.008
CY2021 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
0.245
CY2020 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.014
CY2019 us-gaap Effective Income Tax Rate Reconciliation Nondeductible Expense Share Based Compensation Cost
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseShareBasedCompensationCost
-0.031
CY2021 matw Effective Income Tax Rate Reconciliation Nondeductible Expense Termination Of Supplemental Retirement Plan Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTerminationOfSupplementalRetirementPlanPercent
0.286
CY2020 matw Effective Income Tax Rate Reconciliation Nondeductible Expense Termination Of Supplemental Retirement Plan Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTerminationOfSupplementalRetirementPlanPercent
0
CY2019 matw Effective Income Tax Rate Reconciliation Nondeductible Expense Termination Of Supplemental Retirement Plan Percent
EffectiveIncomeTaxRateReconciliationNondeductibleExpenseTerminationOfSupplementalRetirementPlanPercent
0
CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
0.266
CY2020 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.018
CY2019 us-gaap Effective Income Tax Rate Reconciliation Tax Credits
EffectiveIncomeTaxRateReconciliationTaxCredits
-0.049
CY2021 matw Effective Income Tax Rate Reconciliation Deductible Basis Difference Percent
EffectiveIncomeTaxRateReconciliationDeductibleBasisDifferencePercent
0
CY2020 matw Effective Income Tax Rate Reconciliation Deductible Basis Difference Percent
EffectiveIncomeTaxRateReconciliationDeductibleBasisDifferencePercent
0
CY2019 matw Effective Income Tax Rate Reconciliation Deductible Basis Difference Percent
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