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Accumulated Other Comprehensive (Loss) Income (Tables) | 6 Months Ended
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Dec. 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 December 31, 2015 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, September 30, 2015 | $ | (136,575 | ) | $ | (115,619 | ) | $ | (8,662 | ) | $ | (260,856 | )
Other comprehensive loss before reclassifications | 1,450 |  | (23,111 | ) | 277 |  | (21,384 | )
Amounts reclassified from AOCL | 1,203 |  | 17,028 |  | (418 | ) | 17,813 |
Net current period other comprehensive loss | 2,653 |  | (6,083 | ) | (141 | ) | (3,571 | )
AOCL, December 31, 2015 | $ | (133,922 | ) | $ | (121,702 | ) | $ | (8,803 | ) | $ | (264,427 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, September 30, 2015 | $ | — |  | $ | (2,797 | ) | $ | — |  | $ | (2,797 | )
Other comprehensive loss before reclassifications | — |  | (528 | ) | — |  | (528 | )
Net current period other comprehensive loss | — |  | (528 | ) | — |  | (528 | )
AOCL, December 31, 2015 | $ | — |  | $ | (3,325 | ) | $ | — |  | $ | (3,325 | )
The components of, and changes in, AOCL were as follows (net of tax) for the six months ended December 31, 2015 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2015 | $ | (138,793 | ) | $ | (97,309 | ) | $ | (7,421 | ) | $ | (243,523 | )
Other comprehensive loss before reclassifications | 2,449 |  | (41,421 | ) | 802 |  | (38,170 | )
Amounts reclassified from AOCL | 2,422 |  | 17,028 |  | (2,184 | ) | 17,266 |
Net current period other comprehensive loss | 4,871 |  | (24,393 | ) | (1,382 | ) | (20,904 | )
AOCL, December 31, 2015 | $ | (133,922 | ) | $ | (121,702 | ) | $ | (8,803 | ) | $ | (264,427 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2015 | $ | — |  | $ | (2,258 | ) | $ | — |  | $ | (2,258 | )
Other comprehensive loss before reclassifications | — |  | (1,067 | ) | — |  | (1,067 | )
Net current period other comprehensive loss | — |  | (1,067 | ) | — |  | (1,067 | )
AOCL, December 31, 2015 | $ | — |  | $ | (3,325 | ) | $ | — |  | $ | (3,325 | )
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) income before reclassifications | 1,924 |  | (29,427 | ) | 1,206 |  | (26,297 | )
Amounts reclassified from AOCL | 735 |  | — |  | (35 | ) | 700 |
Net current period other comprehensive (loss) income | 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 income before reclassifications | — |  | (782 | ) | — |  | (782 | )
Net current period other comprehensive income | — |  | (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 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three and six months ended December 31, 2015 and 2014 consisted of the following (in thousands):
| Three Months Ended December 31, |  | Six Months Ended December 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 | $ | 525 |  |  | $ | 505 |  |  | $ | 1,049 |  |  | $ | 1,010 |  | Interest expense
Currency exchange contracts | (1,199 | ) |  | (562 | ) |  | (4,572 | ) |  | (474 | ) | Other (income) expense, net
Total before tax | (674 | ) |  | (57 | ) |  | (3,523 | ) |  | 536 |  |
Tax expense (benefit) | 256 |  |  | 22 |  |  | 1,339 |  |  | (207 | ) | (Benefit) provision for income taxes
Net of tax | $ | (418 | ) |  | $ | (35 | ) |  | $ | (2,184 | ) |  | $ | 329 |  |
Postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of transition obligations | $ | 21 |  |  | $ | 19 |  |  | $ | 42 |  |  | $ | 40 |  | See note 10 for further details
Amortization of prior service credit | (109 | ) |  | (99 | ) |  | (220 | ) |  | (196 | ) | See note 10 for further details
Recognition of actuarial losses | 1,896 |  |  | 1,144 |  |  | 3,810 |  |  | 2,351 |  | See note 10 for further details
Total before taxes | 1,808 |  |  | 1,064 |  |  | 3,632 |  |  | 2,195 |  |
Tax (benefit) | (605 | ) |  | (329 | ) |  | (1,210 | ) |  | (706 | ) | (Benefit) provision for income taxes
Net of tax | $ | 1,203 |  |  | $ | 735 |  |  | $ | 2,422 |  |  | $ | 1,489 |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |
Released due to divestiture | $ | 17,028 |  |  | $ | — |  |  | $ | 17,028 |  |  | $ | — |  | Loss on divestiture
Total before taxes | 17,028 |  |  | — |  |  | 17,028 |  |  | — |  |
Tax benefit | — |  |  | — |  |  | — |  |  | — |  | (Benefit) provision for income taxes
Net of tax | $ | 17,028 |  |  | $ | — |  |  | $ | 17,028 |  |  | $ | — |  |
Income Tax Allocated to Each Component of Other Comprehensive Income [Table Text Block] | The amount of income tax allocated to each component of other comprehensive (loss) for the three months ended December 31, 2015 and 2014:
|  | 2015 |  |  |  |  | 2014 |
(in thousands) | Pre-tax | Tax impact | Net of tax |  |  | Pre-tax | Tax impact | Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges | $ | 447 |  | $ | (170 | ) | $ | 277 |  |  |  | $ | 1,964 |  | $ | (758 | ) | $ | 1,206 |
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges | (674 | ) | 256 |  | (418 | ) |  |  | (57 | ) | 22 |  | (35 | )
Unrecognized net pension and other postretirement benefit gain | 1,949 |  | (499 | ) | 1,450 |  |  |  | 2,608 |  | (684 | ) | 1,924 |
Reclassification of net pension and other postretirement benefit loss | 1,808 |  | (605 | ) | 1,203 |  |  |  | 1,064 |  | (329 | ) | 735 |
Foreign currency translation adjustments | (24,643 | ) | 1,004 |  | (23,639 | ) |  |  | (31,675 | ) | 1,466 |  | (30,209 | )
Reclassification of foreign currency translation adjustment loss realized upon sale | 17,028 |  | — |  | 17,028 |  |  |  | — |  | — |  | — |
Other comprehensive (loss) | $ | (4,085 | ) | $ | (14 | ) | $ | (4,099 | ) |  |  | $ | (26,096 | ) | $ | (283 | ) | $ | (26,379 | )
The amount of income tax allocated to each component of other comprehensive (loss) for the six months ended December 31, 2015 and 2014:
|  | 2015 |  |  |  |  | 2014 |
(in thousands) | Pre-tax | Tax impact | Net of tax |  |  | Pre-tax | Tax impact | Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges | $ | 1,294 |  | $ | (492 | ) | $ | 802 |  |  |  | $ | 4,419 |  | $ | (1,706 | ) | $ | 2,713 |
Reclassification of unrealized (gain) loss on expired derivatives designated and qualified as cash flow hedges | (3,523 | ) | 1,339 |  | (2,184 | ) |  |  | 536 |  | (207 | ) | 329 |
Unrecognized net pension and other postretirement benefit gain | 3,216 |  | (767 | ) | 2,449 |  |  |  | 7,586 |  | (2,021 | ) | 5,565 |
Reclassification of net pension and other postretirement benefit loss | 3,632 |  | (1,210 | ) | 2,422 |  |  |  | 2,195 |  | (706 | ) | 1,489 |
Foreign currency translation adjustments | (43,548 | ) | 1,060 |  | (42,488 | ) |  |  | (86,519 | ) | 4,797 |  | (81,722 | )
Reclassification of foreign currency translation adjustment loss realized upon sale | 17,028 |  | — |  | 17,028 |  |  |  | — |  | — |  | — |
Other comprehensive (loss) | $ | (21,901 | ) | $ | (70 | ) | $ | (21,971 | ) |  |  | $ | (71,783 | ) | $ | 157 |  | $ | (71,626 | )

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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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