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Accumulated Other Comprehensive Loss (Tables) | 6 Months Ended
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Dec. 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 six months ended December 31, 2016 (in thousands):
Attributable to Kennametal: | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2016 | $ | (212,163 | ) | $ | (131,212 | ) | $ | (9,134 | ) | $ | (352,509 | )
Other comprehensive income (loss) before reclassifications | 4,101 |  | (39,625 | ) | 1,480 |  | (34,044 | )
Amounts reclassified from AOCL | 3,630 |  | — |  | 769 |  | 4,399 |
Net current period other comprehensive income (loss) | 7,731 |  | (39,625 | ) | 2,249 |  | (29,645 | )
AOCL, December 31, 2016 | $ | (204,432 | ) | $ | (170,837 | ) | $ | (6,885 | ) | $ | (382,154 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2016 | $ | — |  | $ | (3,446 | ) | $ | — |  | $ | (3,446 | )
Other comprehensive income before reclassifications | — |  | (639 | ) | — |  | (639 | )
Net current period other comprehensive loss | — |  | (639 | ) | — |  | (639 | )
AOCL, December 31, 2016 | $ | — |  | $ | (4,085 | ) | $ | — |  | $ | (4,085 | )
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 income (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 income (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 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three and six months ended December 31, 2016 and 2015 consisted of the following (in thousands):
| Three Months Ended December 31, | Six Months Ended December 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 | $ | 545 |  |  | $ | 525 |  | $ | 1,090 |  |  | $ | 1,049 |  |  | Interest expense
Currency exchange contracts | (163 | ) |  | (1,199 | ) | (321 | ) |  | (4,572 | ) |  | Other expense (income), net
Total before tax | 382 |  |  | (674 | ) | 769 |  |  | (3,523 | ) |  |
Tax impact | — |  |  | 256 |  | — |  |  | 1,339 |  |  | Provision (benefit) for income taxes
Net of tax | $ | 382 |  |  | $ | (418 | ) | $ | 769 |  |  | $ | (2,184 | ) |  |
Postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of transition obligations | $ | 22 |  |  | $ | 21 |  | $ | 45 |  |  | $ | 42 |  |  | See note 10 for further details
Amortization of prior service credit | (119 | ) |  | (109 | ) | (237 | ) |  | (220 | ) |  | See note 10 for further details
Recognition of actuarial losses | 2,177 |  |  | 1,896 |  | 4,377 |  |  | 3,810 |  |  | See note 10 for further details
Total before tax | 2,080 |  |  | 1,808 |  | 4,185 |  |  | 3,632 |  |  |
Tax impact | (284 | ) |  | (605 | ) | (555 | ) |  | (1,210 | ) |  | Provision (benefit) for income taxes
Net of tax | $ | 1,796 |  |  | $ | 1,203 |  | $ | 3,630 |  |  | $ | 2,422 |  |  |
Foreign currency translation adjustments: |  |  |  |  |  |  |  |
Released due to divestiture | $ | — |  |  | $ | 17,028 |  | $ | — |  |  | $ | 17,028 |  |  | Loss on divestiture
Total before taxes | — |  |  | 17,028 |  | — |  |  | 17,028 |  |  |
Tax impact | — |  |  | — |  | — |  |  | — |  |  | Provision (benefit) 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, 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 | $ | 1,606 |  | $ | — |  | $ | 1,606 |  |  |  | $ | 447 |  | $ | (170 | ) | $ | 277 |
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges | 382 |  | — |  | 382 |  |  |  | (674 | ) | 256 |  | (418 | )
Unrecognized net pension and other postretirement benefit gain | 4,639 |  | (1,168 | ) | 3,471 |  |  |  | 1,949 |  | (499 | ) | 1,450 |
Reclassification of net pension and other postretirement benefit loss | 2,080 |  | (284 | ) | 1,796 |  |  |  | 1,808 |  | (605 | ) | 1,203 |
Foreign currency translation adjustments | (41,428 | ) | — |  | (41,428 | ) |  |  | (24,643 | ) | 1,004 |  | (23,639 | )
Reclassification of foreign currency translation adjustment loss realized upon sale | — |  | — |  | — |  |  |  | 17,028 |  | — |  | 17,028 |
Other comprehensive loss | $ | (32,721 | ) | $ | (1,452 | ) | $ | (34,173 | ) |  |  | $ | (4,085 | ) | $ | (14 | ) | $ | (4,099 | )
The amount of income tax allocated to each component of other comprehensive loss for the six months ended December 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 | $ | 1,480 |  | $ | — |  | $ | 1,480 |  |  |  | $ | 1,294 |  | $ | (492 | ) | $ | 802 |
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges | 769 |  | — |  | 769 |  |  |  | (3,523 | ) | 1,339 |  | (2,184 | )
Unrecognized net pension and other postretirement benefit gain | 5,401 |  | (1,300 | ) | 4,101 |  |  |  | 3,216 |  | (767 | ) | 2,449 |
Reclassification of net pension and other postretirement benefit loss | 4,185 |  | (555 | ) | 3,630 |  |  |  | 3,632 |  | (1,210 | ) | 2,422 |
Foreign currency translation adjustments | (40,264 | ) | — |  | (40,264 | ) |  |  | (43,548 | ) | 1,060 |  | (42,488 | )
Reclassification of foreign currency translation adjustment loss realized upon sale | — |  | — |  | — |  |  |  | 17,028 |  | — |  | 17,028 |
Other comprehensive loss | $ | (28,429 | ) | $ | (1,855 | ) | $ | (30,284 | ) |  |  | $ | (21,901 | ) | $ | (70 | ) | $ | (21,971 | )

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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=66004124&loc=d3e526-108580 + Details
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