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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2018 | Mar. 31, 2017
Income Statement [Abstract] |  |  |  |
Sales | $ 607,936 | $ 528,630 | $ 1,721,734 | $ 1,493,343
Cost of goods sold | 388,475 | 342,365 | 1,124,736 | 1,015,926
Gross profit | 219,461 | 186,265 | 596,998 | 477,417
Operating expense | 129,151 | 116,939 | 369,131 | 347,808
Restructuring and asset impairment charges (Note 7) | 1,264 | 7,169 | 6,834 | 44,230
Amortization of intangibles | 3,690 | 4,245 | 11,028 | 12,665
Operating income | 85,356 | 57,912 | 210,005 | 72,714
Interest expense | 7,468 | 7,331 | 21,848 | 21,475
Other expense, net | 647 | 1,626 | 2,046 | 2,470
Income before income taxes | 77,241 | 48,955 | 186,111 | 48,769
Provision for income taxes | 24,130 | 9,301 | 51,204 | 22,401
Net income | 53,111 | 39,654 | 134,907 | 26,368
Less: Net income attributable to noncontrolling interests | 2,245 | 764 | 3,256 | 1,873
Net income attributable to Kennametal | $ 50,866 | $ 38,890 | $ 131,651 | $ 24,495
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS |  |  |  |
Basic earnings per share | $ 0.62 | $ 0.48 | $ 1.62 | $ 0.31
Diluted earnings per share | 0.61 | 0.48 | 1.59 | 0.30
Dividends per share | $ 0.20 | $ 0.20 | $ 0.60 | $ 0.60
Basic weighted average shares outstanding | 81,793 | 80,398 | 81,445 | 80,219
Diluted weighted average shares outstanding | 83,109 | 81,381 | 82,670 | 80,965

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