A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests as of March 31, 2017 and 2016 is as follows:



	Kennametal Shareholders’ Equity
(in thousands)	Capital stock			Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Non- controlling interests			Total equity
Balance as of June 30, 2016	$	99,618		$	436,617		$	780,597		$	(352,509	)	$	31,478		$	995,801
Net income	—			—			24,495			—			1,873			26,368
Other comprehensive (loss) income	—			—			—			(16,228		)	330			(15,898		)
Dividend reinvestment	7			181			—			—			—			188
Capital stock issued under employee benefit and stock plans⁽⁵⁾	697			20,688			—			—			—			21,385
Purchase of capital stock	(7		)	(181		)	—			—			—			(188		)
Cash dividends paid	—			—			(48,013		)	—			(72		)	(48,085		)
Balance as of March 31, 2017	$	100,315		$	457,305		$	757,079		$	(368,737	)	$	33,609		$	979,571



	Kennametal Shareholders’ Equity
(in thousands)	Capital stock			Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Non- controlling interests			Total equity
Balance as of June 30, 2015	$	99,219		$	419,829		$	1,070,282		$	(243,523	)	$	29,628		$	1,375,435
Net (loss) income	—			—			(159,454		)	—			1,634			(157,820		)
Other comprehensive loss	—			—			—			(5,656		)	(540		)	(6,196		)
Dividend reinvestment	12			219			—			—			—			231
Capital stock issued under employee benefit and stock plans⁽⁵⁾	380			10,863			—			—			—			11,243
Purchase of capital stock	(12		)	(219		)	—			—			—			(231		)
Cash dividends paid	—			—			(47,780		)	—			(71		)	(47,851		)
Balance as of March 31, 2016	$	99,599		$	430,692		$	863,048		$	(249,179	)	$	30,651		$	1,174,811