ACCUMULATED OTHER COMPREHENSIVE LOSS

Total accumulated other comprehensive loss (AOCL) consists of net income 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 year ended June 30, 2018 (in thousands):



Attributable to Kennametal:	Postretirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2017	$	(189,038	)	$	(126,606	)	$	(8,048	)	$	(323,692	)
Other comprehensive loss before reclassifications	(5,991		)	(741		)	(922		)	(7,654		)
Amounts Reclassified from AOCL	7,274			—			3,747			11,021
Net current period other comprehensive income (loss)	1,283			(741		)	2,825			3,367
AOCL, June 30, 2018	$	(187,755	)	$	(127,347	)	$	(5,223	)	$	(320,325	)

Attributable to noncontrolling interests:
Balance, June 30, 2017	$	—		$	(2,164	)	$	—		$	(2,164	)
Other comprehensive loss before reclassifications	—			(749		)	—			(749		)
Net current period other comprehensive loss	—			(749		)	—			(749		)
AOCL, June 30, 2018	$	—		$	(2,913	)	$	—		$	(2,913	)

The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2017 (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	15,559			4,606			(471		)	19,694
Amounts Reclassified from AOCL	7,566			—			1,557			9,123
Net current period other comprehensive income	23,125			4,606			1,086			28,817
AOCL, June 30, 2017	$	(189,038	)	$	(126,606	)	$	(8,048	)	$	(323,692	)

Attributable to noncontrolling interests:
Balance, June 30, 2016	$	—		$	(3,446	)	$	—		$	(3,446	)
Other comprehensive income before reclassifications	—			1,282			—			1,282
Net current period other comprehensive income	—			1,282			—			1,282
AOCL, June 30, 2017	$	—		$	(2,164	)	$	—		$	(2,164	)

The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 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	(78,295		)	(51,508		)	(150		)	(129,953		)
Amounts Reclassified from AOCL	4,925			15,088			(1,563		)	18,450
Net current period other comprehensive loss	(73,370		)	(36,420		)	(1,713		)	(111,503		)
Sale of subsidiary stock to noncontrolling interest	—			2,517			—			2,517
AOCL, June 30, 2016	$	(212,163	)	$	(131,212	)	$	(9,134	)	$	(352,509	)

Attributable to noncontrolling interests:
Balance, June 30, 2015	$	—		$	(2,258	)	$	—		$	(2,258	)
Other comprehensive loss before reclassifications	—			(1,188		)	—			(1,188		)
Net current period other comprehensive loss	—			(1,188		)	—			(1,188		)
AOCL, June 30, 2016	$	—		$	(3,446	)	$	—		$	(3,446	)

Reclassifications out of AOCL for the years ended June 30, 2018, 2017 and 2016 consisted of the following:



	Year Ended June 30,
Details about AOCL components (in thousands)	2018			2017			2016			Affected line item in the Income Statement
Gains and losses on cash flow hedges:
Forward starting interest rate swaps	$	2,265		$	2,180		$	2,099		Interest expense
Currency exchange contracts	2,243			(623		)	(4,645		)	Other expense (income), net
Total before tax	4,508			1,557			(2,546		)
Tax impact	(761		)	—			983			Provision for income taxes
Net of tax	$	3,747		$	1,557		$	(1,563	)

Postretirement benefit plans:
Amortization of transition obligations	$	94		$	89		$	80		See Note 13 for further details
Amortization of prior service credit	26			(474		)	(439		)	See Note 13 for further details
Recognition of actuarial losses	7,187			8,711			7,610			See Note 13 for further details
Total before tax	7,307			8,326			7,251
Tax impact	(33		)	(760		)	(2,326		)	Provision for income taxes
Net of tax	$	7,274		$	7,566		$	4,925

Foreign currency translation adjustments:
Released due to divestiture	$	—		$	—		$	15,088		Loss on divestiture
Total before taxes	—			—			15,088
Tax impact	—			—			—			Provision for income taxes
Net of tax	$	—		$	—		$	15,088

The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2018:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(928	)	$	6		$	(922	)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges	4,508			(761		)	3,747
Unrecognized net pension and other postretirement benefit loss	(8,043		)	2,052			(5,991		)
Reclassification of net pension and other postretirement benefit loss	7,307			(33		)	7,274
Foreign currency translation adjustments	(1,593		)	103			(1,490		)
Other comprehensive income	$	1,251		$	1,367		$	2,618

The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2017:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(471	)	$	—		$	(471	)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges	1,557			—			1,557
Unrecognized net pension and other postretirement benefit gain	18,656			(3,097		)	15,559
Reclassification of net pension and other postretirement benefit loss	8,326			(760		)	7,566
Foreign currency translation adjustments	6,266			(378		)	5,888
Other comprehensive income	$	34,334		$	(4,235	)	$	30,099

The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2016:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(244	)	$	94		$	(150	)
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	(2,546		)	983			(1,563		)
Unrecognized net pension and other postretirement benefit loss	(84,266		)	5,971			(78,295		)
Reclassification of net pension and other postretirement benefit loss	7,251			(2,326		)	4,925
Foreign currency translation adjustments	(52,699		)	4			(52,695		)
Reclassification of foreign currency translation adjustment loss realized upon sale	15,088			—			15,088
Other comprehensive loss	$	(117,416	)	$	4,726		$	(112,690	)