ACCUMULATED OTHER COMPREHENSIVE LOSS

Total accumulated other comprehensive loss (AOCL) consists of net loss 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 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	)

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		$	—

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	)