Acquisition (Tables)

12 Months Ended

Jun. 30, 2014

The allocation of the total purchase price to the fair values of the assets acquired and liabilities assumed as of June 30, 2014 is as follows:



(in thousands)	Total
ASSETS
Current assets:
Cash and cash equivalents	$	1,294
Accounts receivable	41,164
Inventories	100,453
Other current assets	4,014
Total current assets	146,925
Property, plant and equipment	127,838
Goodwill	243,577
Other intangible assets	127,300
Deferred income taxes	6,978
Other	603
Total assets	$	653,221

LIABILITIES
Current liabilities:
Accounts payable	$	22,790
Accrued payroll	3,401
Accrued expenses	5,434
Total current liabilities	31,625
Deferred income taxes	4,585
Other long-term liabilities	8,781
Total liabilities	44,991
Net assets acquired	$	608,230

Unaudited pro forma summary of operating results of Kennametal, assuming the acquisition had occurred as of July 1, 2012, are as follows:



Year ended June 30 (in thousands)	2014		2013
Pro forma (unaudited):
Net Sales	$	2,941,005	$	2,902,160
Net income attributable to Kennametal	$	175,804	$	190,863

Per share data attributable to Kennametal Shareholders :
Basic earnings per share	$	2.23	$	2.40
Diluted earnings per share	$	2.21	$	2.37