EQUITY

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests as of December 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, 2017	$	100,832		$	474,547		$	765,607		$	(323,692	)	$	35,359	$	1,052,653
Net income	—			—			80,785			—			1,011		81,796
Other comprehensive income	—			—			—			33,876			1,173		35,049
Dividend reinvestment	3			106			—			—			—		109
Capital stock issued under employee benefit and stock plans⁽³⁾	1,065			25,841			—			—			—		26,906
Purchase of capital stock	(3		)	(106		)	—			—			—		(109		)
Cash dividends paid	—			—			(32,456		)	—			—		(32,456		)
Balance as of December 31, 2017	$	101,897		$	500,388		$	813,936		$	(289,816	)	$	37,543	$	1,163,948



	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 (loss) income	—			—			(14,394		)	—			1,108			(13,286		)
Other comprehensive income	—			—			—			(29,645		)	(639		)	(30,284		)
Dividend reinvestment	5			122			—			—			—			127
Capital stock issued under employee benefit and stock plans⁽³⁾	464			14,028			—			—			—			14,492
Purchase of capital stock	(5		)	(122		)	—			—			—			(127		)
Cash dividends paid	—			—			(31,970		)	—			(72		)	(32,042		)
Balance as of December 31, 2016	$	100,082		$	450,645		$	734,233		$	(382,154	)	$	31,875		$	934,681

(3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements.

The amounts of comprehensive loss attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive income.