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Accumulated Other Comprehensive (Loss) Income (Tables)
6 Months Ended
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