EQUITY

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, 2018 and 2017 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	—			—			131,651			—			3,256			134,907
Other comprehensive income	—			—			—			53,598			1,443			55,041
Dividend reinvestment	5			158			—			—			—			163
Capital stock issued under employee benefit and stock plans⁽³⁾	1,200			32,355			—			—			—			33,555
Purchase of capital stock	(5		)	(158		)	—			—			—			(163		)
Cash dividends	—			—			(48,773		)	—			(1,229		)	(50,002		)
Balance as of March 31, 2018	$	102,032		$	506,902		$	848,485		$	(270,094	)	$	38,829		$	1,226,154



	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⁽³⁾	697			20,688			—			—			—			21,385
Purchase of capital stock	(7		)	(181		)	—			—			—			(188		)
Cash dividends	—			—			(48,013		)	—			(72		)	(48,085		)
Balance as of March 31, 2017	$	100,315		$	457,305		$	757,079		$	(368,737	)	$	33,609		$	979,571

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

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