Accumulated Other Comprehensive (Loss) Income (Tables)

9 Months Ended

Mar. 31, 2015

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

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