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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2016 | Dec. 31, 2015
Income Statement [Abstract] |  |  |  |
Sales | $ 487,573 | $ 524,021 | $ 964,713 | $ 1,079,376
Cost of goods sold | 339,950 | 383,215 | 673,560 | 787,345
Gross profit | 147,623 | 140,806 | 291,153 | 292,031
Operating expense | 111,004 | 123,580 | 230,869 | 252,824
Restructuring and asset impairment charges (Notes 8 and 18) | 8,456 | 112,237 | 37,061 | 121,357
Loss on divestiture (Note 5) | 0 | 133,307 | 0 | 133,307
Amortization of intangibles | 4,150 | 5,638 | 8,421 | 11,886
Operating income (loss) | 24,013 | (233,956) | 14,802 | (227,343)
Interest expense | 7,151 | 6,803 | 14,144 | 13,782
Other expense (income), net | 726 | (732) | 844 | 353
Income (loss) before income taxes | 16,136 | (240,027) | (186) | (241,478)
Provision (benefit) for income taxes | 8,221 | (71,216) | 13,100 | (66,964)
Net income (loss) | 7,915 | (168,811) | (13,286) | (174,514)
Less: Net income attributable to noncontrolling interests | 653 | 416 | 1,108 | 939
Net income (loss) attributable to Kennametal | $ 7,262 | $ (169,227) | $ (14,394) | $ (175,453)
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS |  |  |  |
Basic earnings (loss) per share | $ 0.09 | $ (2.12) | $ (0.18) | $ (2.20)
Diluted earnings (loss) per share | 0.09 | (2.12) | (0.18) | (2.20)
Dividends per share | $ 0.20 | $ 0.20 | $ 0.40 | $ 0.40
Basic weighted average shares outstanding | 80,206 | 79,840 | 80,131 | 79,784
Diluted weighted average shares outstanding | 81,026 | 79,840 | 80,131 | 79,784

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