ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

Total accumulated other comprehensive loss (AOCL) consists of net income and other changes in equity from transactions and other events from sources other than shareholders. It includes postretirement benefit plan adjustments, currency translation adjustments, and unrealized gains and losses from derivative instruments designated as cash flow hedges.

The components of and changes in AOCL were as follows (net of tax) for the year ended June 30, 2016 (in thousands):



Attributable to Kennametal:	Post-retirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2015	$	(138,793	)	$	(97,309	)	$	(7,421	)	$	(243,523	)
Other comprehensive (loss) income before reclassifications	(78,295		)	(51,508		)	(150		)	(129,953		)
Amounts Reclassified from AOCL	4,925			15,088			(1,563		)	18,450
Net current period other comprehensive loss	(73,370		)	(36,420		)	(1,713		)	(111,503		)
Sale of subsidiary stock to noncontrolling interest	—			2,517			—			2,517
AOCL, June 30, 2016	$	(212,163	)	$	(131,212	)	$	(9,134	)	$	(352,509	)

Attributable to noncontrolling interests:
Balance, June 30, 2015	$	—		$	(2,258	)	$	—		$	(2,258	)
Other comprehensive loss before reclassifications	—			(1,188		)	—			(1,188		)
Net current period other comprehensive loss	—			(1,188		)	—			(1,188		)
AOCL, June 30, 2016	$	—		$	(3,446	)	$	—		$	(3,446	)

The components of and changes in AOCL were as follows (net of tax) for the year ended June 30, 2015 (in thousands):



Attributable to Kennametal:	Post-retirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2014	$	(93,742	)	$	38,811		$	(11,200	)	$	(66,131	)
Other comprehensive (loss) income before reclassifications	(47,982		)	(136,120		)	6,652			(177,450		)
Amounts Reclassified from AOCL	2,931			—			(2,873		)	58
Net current period other comprehensive loss	(45,051		)	(136,120		)	3,779			(177,392		)
AOCL, June 30, 2015	$	(138,793	)	$	(97,309	)	$	(7,421	)	$	(243,523	)

Attributable to noncontrolling interests:
Balance, June 30, 2014	$	—		$	1,087		$	—		$	1,087
Other comprehensive income before reclassifications	—			(3,345		)	—			(3,345		)
Net current period other comprehensive loss	—			(3,345		)	—			(3,345		)
AOCL, June 30, 2015	$	—		$	(2,258	)	$	—		$	(2,258	)

The components of and changes in AOCL were as follows (net of tax) for the year ended June 30, 2014 (in thousands):



Attributable to Kennametal:	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Balance, June 30, 2013	$	(83,936	)	$	7,413	$	(12,481	)	$	(89,004	)
Other comprehensive income (loss) before reclassifications	(11,990		)	31,398		(706		)	18,702
Amounts Reclassified from AOCL	2,184			—		1,987			4,171
Net current period other comprehensive loss	(9,806		)	31,398		1,281			22,873
AOCL, June 30, 2014	$	(93,742	)	$	38,811	$	(11,200	)	$	(66,131	)

Attributable to noncontrolling interests:
Balance, June 30, 2013	$	—		$	721	$	—		$	721
Other comprehensive loss before reclassifications	—			366		—			366
Net current period other comprehensive loss	—			366		—			366
AOCL, June 30, 2014	$	—		$	1,087	$	—		$	1,087

Reclassifications out of AOCL for the years ended June 30, 2016, 2015 and 2014 consisted of the following:



	Year Ended June 30,
Details about AOCL components (in thousands)	2016			2015			2014			Affected line item in the Income Statement
Gains and losses on cash flow hedges:
Forward starting interest rate swaps	$	2,099		$	2,021		$	1,945		Interest expense
Currency exchange contracts	(4,645		)	(6,700		)	1,260			Other (income) expense, net
Total before tax	(2,546		)	(4,679		)	3,205
Tax expense (benefit)	983			1,806			(1,218		)	Provision (benefit) for income taxes
Net of tax	$	(1,563	)	$	(2,873	)	$	1,987

Post-retirement benefit plans:
Amortization of transition obligations	$	80		$	78		$	78		See Note 13 for further details
Amortization of prior service credit	(439		)	(420		)	(345		)	See Note 13 for further details
Recognition of actuarial losses	7,610			4,163			2,959			See Note 13 for further details
Total before tax	7,251			3,821			2,692
Tax (benefit)	(2,326		)	(890		)	(508		)	Provision (benefit) for income taxes
Net of tax	$	4,925		$	2,931		$	2,184

Foreign currency translation adjustments:
Released due to divestiture	15,088			—			—			Loss on divestiture
Total before taxes	15,088			—			—
Tax benefit	—			—			—			Provision (benefit) for income taxes
Net of tax	$	15,088		$	—		$	—

The amount of income tax allocated to each component of other comprehensive (loss) for the year ended June 30, 2016:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(244	)	$	94		$	(150	)
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	(2,546		)	983			(1,563		)
Unrecognized net pension and other postretirement benefit loss	(84,266		)	5,971			(78,295		)
Reclassification of net pension and other postretirement benefit loss	7,251			(2,326		)	4,925
Foreign currency translation adjustments	(52,699		)	4			(52,695		)
Reclassification of foreign currency translation adjustment loss realized upon sale	15,088			—			15,088
Other comprehensive (loss)	$	(117,416	)	$	4,726		$	(112,690	)

The amount of income tax allocated to each component of other comprehensive (loss) for the year ended June 30, 2015:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges	$	10,834		$	(4,182	)	$	6,652
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	(4,679		)	1,806			(2,873		)
Unrecognized net pension and other postretirement benefit loss	(76,029		)	28,047			(47,982		)
Reclassification of net pension and other postretirement benefit loss	3,821			(890		)	2,931
Foreign currency translation adjustments	(147,172		)	7,707			(139,465		)
Other comprehensive (loss)	$	(213,225	)	$	32,488		$	(180,737	)

The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2014:



(in thousands)	Pre-tax		Tax impact		Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	(1,139	)	433		(706	)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges	3,205		(1,218	)	1,987
Unrecognized net pension and other postretirement benefit loss	(15,900	)	3,910		(11,990	)
Reclassification of net pension and other postretirement benefit loss	2,692		(508	)	2,184
Foreign currency translation adjustments	33,493		(1,730	)	31,763
Other comprehensive income	22,351		887		23,238