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Accumulated Other Comprehensive (Loss) Income (Tables) | 6 Months Ended
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Dec. 31, 2014
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Components of, and changes in accumulated other comprehensive loss | The components of, and changes in, AOCL were as follows (net of tax) for the three months ended December 31, 2014 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, September 30, 2014 | $ | (89,347 | ) | $ | (11,210 | ) | $ | (9,329 | ) | $ | (109,886 | )
Other comprehensive loss before reclassifications | 1,924 |  | (29,427 | ) | 1,206 |  | (26,297 | )
Amounts reclassified from AOCL | 735 |  | — |  | (35 | ) | 700 |
Net current period other comprehensive loss | 2,659 |  | (29,427 | ) | 1,171 |  | (25,597 | )
AOCL, December 31, 2014 | $ | (86,688 | ) | $ | (40,637 | ) | $ | (8,158 | ) | $ | (135,483 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, September 30, 2014 | $ | — |  | $ | (405 | ) | $ | — |  | $ | (405 | )
Other comprehensive loss before reclassifications | — |  | (782 | ) | — |  | (782 | )
Net current period other comprehensive loss | — |  | (782 | ) | — |  | (782 | )
AOCL, December 31, 2014 | $ | — |  | $ | (1,187 | ) | $ | — |  | $ | (1,187 | )
The components of, and changes in, AOCL were as follows (net of tax) for the six months ended December 31, 2014 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2014 | $ | (93,742 | ) | $ | 38,811 |  | $ | (11,200 | ) | $ | (66,131 | )
Other comprehensive loss before reclassifications | 5,565 |  | (79,448 | ) | 2,713 |  | (71,170 | )
Amounts reclassified from AOCL | 1,489 |  | — |  | 329 |  | 1,818 |
Net current period other comprehensive loss | 7,054 |  | (79,448 | ) | 3,042 |  | (69,352 | )
AOCL, December 31, 2014 | $ | (86,688 | ) | $ | (40,637 | ) | $ | (8,158 | ) | $ | (135,483 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2014 | $ | — |  | $ | 1,087 |  | $ | — |  | $ | 1,087 |
Other comprehensive loss before reclassifications | — |  | (2,274 | ) | — |  | (2,274 | )
Net current period other comprehensive loss | — |  | (2,274 | ) | — |  | (2,274 | )
AOCL, December 31, 2014 | $ | — |  | $ | (1,187 | ) | $ | — |  | $ | (1,187 | )
The components of, and changes in, AOCL were as follows (net of tax) for the three months ended December 31, 2013 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, September 30, 2013 | $ | (85,419 | ) | $ | 35,510 |  | $ | (12,642 | ) | $ | (62,551 | )
Other comprehensive (loss) income before reclassifications | (810 | ) | 11,263 |  | (273 | ) | 10,180 |
Amounts reclassified from AOCL | 498 |  | — |  | 440 |  | 938 |
Net current period other comprehensive (loss) income | (312 | ) | 11,263 |  | 167 |  | 11,118 |
AOCL, December 31, 2013 | $ | (85,731 | ) | $ | 46,773 |  | $ | (12,475 | ) | $ | (51,433 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, September 30, 2013 | $ | — |  | $ | 535 |  | $ | — |  | $ | 535 |
Other comprehensive income before reclassifications | — |  | 413 |  | — |  | 413 |
Net current period other comprehensive income | — |  | 413 |  | — |  | 413 |
AOCL, December 31, 2013 | $ | — |  | $ | 948 |  | $ | — |  | $ | 948 |
The components of, and changes in, AOCL were as follows (net of tax) for the six months ended December 31, 2013 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2013 | $ | (83,937 | ) | $ | 7,414 |  | $ | (12,481 | ) | $ | (89,004 | )
Other comprehensive (loss) income before reclassifications | (2,776 | ) | 39,359 |  | (843 | ) | 35,740 |
Amounts reclassified from AOCL | 982 |  | — |  | 849 |  | 1,831 |
Net current period other comprehensive (loss) income | (1,794 | ) | 39,359 |  | 6 |  | 37,571 |
AOCL, December 31, 2013 | $ | (85,731 | ) | $ | 46,773 |  | $ | (12,475 | ) | $ | (51,433 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2013 | $ | — |  | $ | 721 |  | $ | — |  | $ | 721 |
Other comprehensive income before reclassifications | — |  | 227 |  | — |  | 227 |
Net current period other comprehensive income | — |  | 227 |  | — |  | 227 |
AOCL, December 31, 2013 | $ | — |  | $ | 948 |  | $ | — |  | $ | 948 |
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three and six months ended December 31, 2014 and 2013, respectively consisted of the following (in thousands):
| Three Months Ended December 31, |  | Six Months Ended December 31, |
Details about AOCL components | 2014 |  | 2013 |  | 2014 |  | 2013 | Affected line item in the Income Statement
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
Forward starting interest rate swaps | $ | 505 |  |  | $ | 486 |  |  | $ | 1,010 |  |  | $ | 973 |  | Interest expense
Currency exchange contracts | (562 | ) |  | 224 |  |  | (474 | ) |  | 396 |  | Other expense, net
Total before tax | (57 | ) |  | 710 |  |  | 536 |  |  | 1,369 |  |
Tax (expense) benefit | (22 | ) |  | 270 |  |  | 207 |  |  | 520 |  | Provision for income taxes
Net of tax | $ | (35 | ) |  | $ | 440 |  |  | $ | 329 |  |  | $ | 849 |  |
Postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of transition obligations | $ | 19 |  |  | $ | 20 |  |  | $ | 40 |  |  | $ | 38 |  | See note 10 for further details
Amortization of prior service credit | (99 | ) |  | (86 | ) |  | (196 | ) |  | (173 | ) | See note 10 for further details
Recognition of actuarial losses | 1,144 |  |  | 749 |  |  | 2,351 |  |  | 1,470 |  | See note 10 for further details
Total before taxes | 1,064 |  |  | 683 |  |  | 2,195 |  |  | 1,335 |  |
Tax benefit | 329 |  |  | 185 |  |  | 706 |  |  | 353 |  | Provision for income taxes
Net of tax | $ | 735 |  |  | $ | 498 |  |  | $ | 1,489 |  |  | $ | 982 |  |

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36458714&loc=d3e526-108580 + Details
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