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Segment Data | 9 Months Ended
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Mar. 31, 2018
Segment Reporting [Abstract] |
SEGMENT DATA | SEGMENT DATA Kennametal delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. To provide these solutions, we harness our knowledge of advanced materials and application development with a commitment to environmental sustainability. Our product offering includes a wide selection of standard and customized technologies for metalworking, such as sophisticated metal cutting tools, tooling systems and services, as well as advanced, high-performance materials, such as cemented tungsten carbide products, super alloys, coatings and investment castings to address customer demands. We offer these products through a variety of channels to meet customer-specified needs. Our reportable operating segments have been determined in accordance with our internal management structure, which is organized based on operating activities, the manner in which we organize segments for making operating decisions and assessing performance and the availability of separate financial results. We do not allocate certain corporate expenses related to executive retirement plans, our Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. None of our three reportable operating segments represent the aggregation of two or more operating segments. The Industrial segment generally serves customers that operate in industrial end markets such as transportation, general engineering, aerospace and defense market sectors, as well as the machine tool industry, delivering high performance metalworking tools for specified purposes. Our customers in these end markets use our products and services in the manufacture of engines, airframes, automobiles, trucks, ships and other various types of industrial equipment. The technology and customization requirements we provide vary by customer, application and industry. Industrial goes to market under the Kennametal® brand through its direct sales force, a network of independent and national chain distributors, integrated supplier channels and via the Internet. Application engineers and technicians are critical to the sales process and directly assist our customers with specified product design, selection, application and support. The Widia segment offers a focused assortment of standard custom metal cutting solutions to general engineering, aerospace, energy and transportation customers. We serve our customers primarily through a network of value added resellers, integrated supplier channels and via the Internet. Widia markets its products under the WIDIA®, WIDIA Hanita® and WIDIA GTD® brands. The Infrastructure segment generally serves customers that operate in the energy and earthworks market sectors that support primary industries such as oil and gas, power generation and chemicals; underground, surface and hard-rock mining; highway construction and road maintenance; and process industries such as food and feed. Our success is determined by our ability to gain an in-depth understanding of our customers’ engineering and development needs, to provide complete system solutions and high-performance capabilities to optimize and add value to their operations. Infrastructure markets its products primarily under the Kennametal® brand and sells through a direct sales force as well as distributors. Our sales and operating income (loss) by segment are as follows:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
(in thousands) | 2018 |  | 2017 |  | 2018 |  | 2017
Sales: |  |  |  |  |  |  |
Industrial | $ | 333,012 |  |  | $ | 289,455 |  |  | $ | 942,922 |  |  | $ | 825,990 |
Widia | 52,217 |  |  | 46,297 |  |  | 145,204 |  |  | 130,186 |
Infrastructure | 222,707 |  |  | 192,878 |  |  | 633,608 |  |  | 537,167 |
Total sales | $ | 607,936 |  |  | $ | 528,630 |  |  | $ | 1,721,734 |  |  | $ | 1,493,343 |
Operating income (loss): |  |  |  |  |  |  |
Industrial | $ | 53,029 |  |  | $ | 38,535 |  |  | $ | 131,132 |  |  | $ | 62,138 |
Widia | 1,638 |  |  | 606 |  |  | 2,556 |  |  | (7,797 | )
Infrastructure | 31,767 |  |  | 19,770 |  |  | 79,347 |  |  | 22,457 |
Corporate | (1,078 | ) |  | (999 | ) |  | (3,030 | ) |  | (4,084 | )
Total 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 from continuing operations before income taxes | $ | 77,241 |  |  | $ | 48,955 |  |  | $ | 186,111 |  |  | $ | 48,769 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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