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Accumulated Other Comprehensive (Loss) Income (Tables) | 9 Months Ended
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Mar. 31, 2015
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 March 31, 2015 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, December 31, 2014 | $ | (86,688 | ) | $ | (40,637 | ) | $ | (8,158 | ) | $ | (135,483 | )
Other comprehensive loss before reclassifications | 4,293 |  | (78,233 | ) | 3,025 |  | (70,915 | )
Amounts reclassified from AOCL | 685 |  | — |  | (705 | ) | (20 | )
Net current period other comprehensive loss | 4,978 |  | (78,233 | ) | 2,320 |  | (70,935 | )
AOCL, March 31, 2015 | $ | (81,710 | ) | $ | (118,870 | ) | $ | (5,838 | ) | $ | (206,418 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, December 31, 2014 | $ | — |  | $ | (1,187 | ) | $ | — |  | $ | (1,187 | )
Other comprehensive loss before reclassifications | — |  | (1,263 | ) | — |  | (1,263 | )
Net current period other comprehensive loss | — |  | (1,263 | ) | — |  | (1,263 | )
AOCL, March 31, 2015 | $ | — |  | $ | (2,450 | ) | $ | — |  | $ | (2,450 | )
The components of, and changes in, AOCL were as follows (net of tax) for the nine months ended March 31, 2015 (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 | 9,858 |  | (157,681 | ) | 5,738 |  | (142,085 | )
Amounts reclassified from AOCL | 2,174 |  | — |  | (376 | ) | 1,798 |
Net current period other comprehensive loss | 12,032 |  | (157,681 | ) | 5,362 |  | (140,287 | )
AOCL, March 31, 2015 | $ | (81,710 | ) | $ | (118,870 | ) | $ | (5,838 | ) | $ | (206,418 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2014 | $ | — |  | $ | 1,087 |  | $ | — |  | $ | 1,087 |
Other comprehensive loss before reclassifications | — |  | (3,537 | ) | — |  | (3,537 | )
Net current period other comprehensive loss | — |  | (3,537 | ) | — |  | (3,537 | )
AOCL, March 31, 2015 | $ | — |  | $ | (2,450 | ) | $ | — |  | $ | (2,450 | )
The components of, and changes in, AOCL were as follows (net of tax) for the three months ended March 31, 2014 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, December 31, 2013 | $ | (85,731 | ) | $ | 46,773 |  | $ | (12,475 | ) | $ | (51,433 | )
Other comprehensive (loss) income before reclassifications | (104 | ) | (4,429 | ) | (8 | ) | (4,541 | )
Amounts reclassified from AOCL | 495 |  | — |  | 659 |  | 1,154 |
Net current period other comprehensive (loss) income | 391 |  | (4,429 | ) | 651 |  | (3,387 | )
AOCL, March 31, 2014 | $ | (85,340 | ) | $ | 42,344 |  | $ | (11,824 | ) | $ | (54,820 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, December 31, 2013 | $ | — |  | $ | 948 |  | $ | — |  | $ | 948 |
Other comprehensive income before reclassifications | — |  | 320 |  | — |  | 320 |
Net current period other comprehensive income | — |  | 320 |  | — |  | 320 |
AOCL, March 31, 2014 | $ | — |  | $ | 1,268 |  | $ | — |  | $ | 1,268 |
The components of, and changes in, AOCL were as follows (net of tax) for the nine months ended March 31, 2014 (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 | (2,880 | ) | 34,930 |  | (851 | ) | 31,199 |
Amounts reclassified from AOCL | 1,477 |  | — |  | 1,508 |  | 2,985 |
Net current period other comprehensive (loss) income | (1,403 | ) | 34,930 |  | 657 |  | 34,184 |
AOCL, March 31, 2014 | $ | (85,340 | ) | $ | 42,344 |  | $ | (11,824 | ) | $ | (54,820 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2013 | $ | — |  | $ | 721 |  | $ | — |  | $ | 721 |
Other comprehensive income before reclassifications | — |  | 547 |  | — |  | 547 |
Net current period other comprehensive income | — |  | 547 |  | — |  | 547 |
AOCL, March 31, 2014 | $ | — |  | $ | 1,268 |  | $ | — |  | $ | 1,268 |
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three and nine months ended March 31, 2015 and 2014, respectively consisted of the following (in thousands):
| Three Months Ended March 31, |  | Nine Months Ended March 31, |
Details about AOCL components | 2015 |  | 2014 |  | 2015 |  | 2014 | Affected line item in the Income Statement
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
Forward starting interest rate swaps | $ | 505 |  |  | $ | 486 |  |  | $ | 1,515 |  |  | $ | 1,459 |  | Interest expense
Currency exchange contracts | (1,653 | ) |  | 577 |  |  | (2,127 | ) |  | 973 |  | Other (income) expense, net
Total before tax | (1,148 | ) |  | 1,063 |  |  | (612 | ) |  | 2,432 |  |
Tax (expense) benefit | (443 | ) |  | 404 |  |  | (236 | ) |  | 924 |  | Provision for income taxes
Net of tax | $ | (705 | ) |  | $ | 659 |  |  | $ | (376 | ) |  | $ | 1,508 |  |
Postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of transition obligations | $ | 18 |  |  | $ | 20 |  |  | $ | 58 |  |  | $ | 58 |  | See note 10 for further details
Amortization of prior service credit | (100 | ) |  | (86 | ) |  | (296 | ) |  | (259 | ) | See note 10 for further details
Recognition of actuarial losses | 1,078 |  |  | 750 |  |  | 3,430 |  |  | 2,220 |  | See note 10 for further details
Total before taxes | 996 |  |  | 684 |  |  | 3,192 |  |  | 2,019 |  |
Tax benefit | 311 |  |  | 189 |  |  | 1,018 |  |  | 542 |  | Provision for income taxes
Net of tax | $ | 685 |  |  | $ | 495 |  |  | $ | 2,174 |  |  | $ | 1,477 |  |

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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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