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Accumulated Other Comprehensive (Loss) Income (Tables) | 9 Months Ended
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Mar. 31, 2016
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, 2016 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, December 31, 2015 | $ | (133,922 | ) | $ | (121,702 | ) | $ | (8,803 | ) | $ | (264,427 | )
Other comprehensive loss before reclassifications | (888 | ) | 17,256 |  | (637 | ) | 15,731 |
Amounts reclassified from AOCL | 1,219 |  | (1,940 | ) | 238 |  | (483 | )
Net current period other comprehensive loss | 331 |  | 15,316 |  | (399 | ) | 15,248 |
AOCL, March 31, 2016 | $ | (133,591 | ) | $ | (106,386 | ) | $ | (9,202 | ) | $ | (249,179 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, December 31, 2015 | $ | — |  | $ | (3,325 | ) | $ | — |  | $ | (3,325 | )
Other comprehensive loss before reclassifications | — |  | 527 |  | — |  | 527 |
Net current period other comprehensive loss | — |  | 527 |  | — |  | 527 |
AOCL, March 31, 2016 | $ | — |  | $ | (2,798 | ) | $ | — |  | $ | (2,798 | )
The components of, and changes in, AOCL were as follows (net of tax) for the nine months ended March 31, 2016 (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 | 1,561 |  | (24,165 | ) | 165 |  | (22,439 | )
Amounts reclassified from AOCL | 3,641 |  | 15,088 |  | (1,946 | ) | 16,783 |
Net current period other comprehensive loss | 5,202 |  | (9,077 | ) | (1,781 | ) | (5,656 | )
AOCL, March 31, 2016 | $ | (133,591 | ) | $ | (106,386 | ) | $ | (9,202 | ) | $ | (249,179 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2015 | $ | — |  | $ | (2,258 | ) | $ | — |  | $ | (2,258 | )
Other comprehensive loss before reclassifications | — |  | (540 | ) | — |  | (540 | )
Net current period other comprehensive loss | — |  | (540 | ) | — |  | (540 | )
AOCL, March 31, 2016 | $ | — |  | $ | (2,798 | ) | $ | — |  | $ | (2,798 | )
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) income before reclassifications | 4,293 |  | (78,233 | ) | 3,025 |  | (70,915 | )
Amounts reclassified from AOCL | 685 |  | — |  | (705 | ) | (20 | )
Net current period other comprehensive (loss) income | 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 income before reclassifications | — |  | (1,263 | ) | — |  | (1,263 | )
Net current period other comprehensive income | — |  | (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 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three and nine months ended March 31, 2016 and 2015 consisted of the following (in thousands):
| Three Months Ended March 31, |  | Nine Months Ended March 31, |
Details about AOCL components | 2016 |  | 2015 |  | 2016 |  | 2015 | Affected line item in the Income Statement
Gains and losses on cash flow hedges: |  |  |  |  |  |  |  |
Forward starting interest rate swaps | $ | 525 |  |  | $ | 505 |  |  | $ | 1,574 |  |  | $ | 1,515 |  | Interest expense
Currency exchange contracts | (141 | ) |  | (1,653 | ) |  | (4,713 | ) |  | (2,127 | ) | Other (income) expense, net
Total before tax | 384 |  |  | (1,148 | ) |  | (3,139 | ) |  | (612 | ) |
Tax (benefit) expense | (146 | ) |  | 443 |  |  | 1,193 |  |  | 236 |  | Provision (benefit) for income taxes
Net of tax | $ | 238 |  |  | $ | (705 | ) |  | $ | (1,946 | ) |  | $ | (376 | ) |
Postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of transition obligations | $ | 19 |  |  | $ | 18 |  |  | $ | 61 |  |  | $ | 58 |  | See note 10 for further details
Amortization of prior service credit | (110 | ) |  | (100 | ) |  | (329 | ) |  | (296 | ) | See note 10 for further details
Recognition of actuarial losses | 1,886 |  |  | 1,078 |  |  | 5,694 |  |  | 3,430 |  | See note 10 for further details
Total before taxes | 1,795 |  |  | 996 |  |  | 5,426 |  |  | 3,192 |  |
Tax (benefit) | (576 | ) |  | (311 | ) |  | (1,785 | ) |  | (1,018 | ) | Provision (benefit) for income taxes
Net of tax | $ | 1,219 |  |  | $ | 685 |  |  | $ | 3,641 |  |  | $ | 2,174 |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |
Released due to divestiture | $ | (1,940 | ) |  | $ | — |  |  | $ | 15,088 |  |  | $ | — |  | Loss on divestiture
Total before taxes | (1,940 | ) |  | — |  |  | 15,088 |  |  | — |  |
Tax benefit | — |  |  | — |  |  | — |  |  | — |  | Provision (benefit) for income taxes
Net of tax | $ | (1,940 | ) |  | $ | — |  |  | $ | 15,088 |  |  | $ | — |  |
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 income (loss) for the three months ended March 31, 2016 and 2015:
|  | 2016 |  |  |  |  | 2015 |
(in thousands) | Pre-tax | Tax impact | Net of tax |  |  | Pre-tax | Tax impact | Net of tax
Unrealized (loss) gain on derivatives designated and qualified as cash flow hedges | $ | (1,027 | ) | $ | 390 |  | $ | (637 | ) |  |  | $ | 4,927 |  | $ | (1,902 | ) | $ | 3,025 |
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges | 384 |  | (146 | ) | 238 |  |  |  | (1,148 | ) | 443 |  | (705 | )
Unrecognized net pension and other postretirement benefit (loss) gain | (1,332 | ) | 444 |  | (888 | ) |  |  | 5,895 |  | (1,602 | ) | 4,293 |
Reclassification of net pension and other postretirement benefit loss | 1,795 |  | (576 | ) | 1,219 |  |  |  | 996 |  | (311 | ) | 685 |
Foreign currency translation adjustments | 19,432 |  | (1,649 | ) | 17,783 |  |  |  | (83,881 | ) | 4,385 |  | (79,496 | )
Reclassification of foreign currency translation adjustment loss realized upon sale | (1,940 | ) | — |  | (1,940 | ) |  |  | — |  | — |  | — |
Other comprehensive income (loss) | $ | 17,312 |  | $ | (1,537 | ) | $ | 15,775 |  |  |  | $ | (73,211 | ) | $ | 1,013 |  | $ | (72,198 | )
The amount of income tax allocated to each component of other comprehensive income (loss) for the nine months ended March 31, 2016 and 2015:
|  | 2016 |  |  |  |  | 2015 |
(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 | $ | 266 |  | $ | (101 | ) | $ | 165 |  |  |  | $ | 9,345 |  | $ | (3,607 | ) | $ | 5,738 |
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges | (3,139 | ) | 1,193 |  | (1,946 | ) |  |  | (612 | ) | 236 |  | (376 | )
Unrecognized net pension and other postretirement benefit gain | 1,884 |  | (323 | ) | 1,561 |  |  |  | 13,481 |  | (3,623 | ) | 9,858 |
Reclassification of net pension and other postretirement benefit loss | 5,426 |  | (1,785 | ) | 3,641 |  |  |  | 3,192 |  | (1,018 | ) | 2,174 |
Foreign currency translation adjustments | (25,294 | ) | 589 |  | (24,705 | ) |  |  | (170,400 | ) | 9,182 |  | (161,218 | )
Reclassification of foreign currency translation adjustment loss realized upon sale | 15,088 |  | — |  | 15,088 |  |  |  | — |  | — |  | — |
Other comprehensive (loss) | $ | (5,769 | ) | $ | (427 | ) | $ | (6,196 | ) |  |  | $ | (144,994 | ) | $ | 1,170 |  | $ | (143,824 | )

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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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