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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Components of, and changes in accumulated other comprehensive loss | The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the three months ended September 30, 2018:
(in thousands) | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Attributable to Kennametal: |  |  |  |
Balance, June 30, 2018 | $ | (187,755 | ) | $ | (127,347 | ) | $ | (5,223 | ) | $ | (320,325 | )
Other comprehensive income (loss) before reclassifications | 318 |  | (14,971 | ) | (262 | ) | (14,915 | )
Amounts reclassified from AOCL | 1,312 |  | — |  | 595 |  | 1,907 |
Net current period other comprehensive income (loss) | 1,630 |  | (14,971 | ) | 333 |  | (13,008 | )
AOCL, September 30, 2018 | $ | (186,125 | ) | $ | (142,318 | ) | $ | (4,890 | ) | $ | (333,333 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2018 | $ | — |  | $ | (2,913 | ) | $ | — |  | $ | (2,913 | )
Other comprehensive loss before reclassifications | — |  | (1,232 | ) | — |  | (1,232 | )
Net current period other comprehensive loss | — |  | (1,232 | ) | — |  | (1,232 | )
AOCL, September 30, 2018 | $ | — |  | $ | (4,145 | ) | $ | — |  | $ | (4,145 | )
The components of, and changes in, AOCL were as follows, net of tax, for the three months ended September 30, 2017:
(in thousands) | Postretirement benefit plans | Currency translation adjustment | Derivatives | Total
Attributable to Kennametal: |  |  |  |
Balance, June 30, 2017 | $ | (189,038 | ) | $ | (126,606 | ) | $ | (8,048 | ) | $ | (323,692 | )
Other comprehensive income (loss) before reclassifications | (1,965 | ) | 19,584 |  | (619 | ) | 17,000 |
Amounts reclassified from AOCL | 1,779 |  | — |  | 396 |  | 2,175 |
Net current period other comprehensive income (loss) | (186 | ) | 19,584 |  | (223 | ) | 19,175 |
AOCL, September 30, 2017 | $ | (189,224 | ) | $ | (107,022 | ) | $ | (8,271 | ) | $ | (304,517 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2017 | $ | — |  | $ | (2,164 | ) | $ | — |  | $ | (2,164 | )
Other comprehensive income before reclassifications | — |  | 284 |  | — |  | 284 |
Net current period other comprehensive income | — |  | 284 |  | — |  | 284 |
AOCL, September 30, 2017 | $ | — |  | $ | (1,880 | ) | $ | — |  | $ | (1,880 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three months ended September 30, 2018 and 2017 consisted of the following:
| Three Months Ended September 30, |  |
(in thousands) | 2018 |  | 2017 |  | Affected line item in the Income Statement
Gains and losses on cash flow hedges: |  |  |  |  |
Forward starting interest rate swaps | $ | 588 |  |  | $ | 566 |  |  | Interest expense
Currency exchange contracts | 200 |  |  | (170 | ) |  | Other income, net
Total before tax | 788 |  |  | 396 |  |  |
Tax impact | (193 | ) |  | — |  |  | Provision for income taxes
Net of tax | $ | 595 |  |  | $ | 396 |  |  |
Postretirement benefit plans: |  |  |  |  |
Amortization of transition obligations | $ | 23 |  |  | $ | 23 |  |  | Other income, net
Amortization of prior service (credit) cost | (27 | ) |  | 167 |  |  | Other income, net
Recognition of actuarial losses | 1,757 |  |  | 1,780 |  |  | Other income, net
Total before tax | 1,753 |  |  | 1,970 |  |  |
Tax impact | (441 | ) |  | (191 | ) |  | Provision for income taxes
Net of tax | $ | 1,312 |  |  | $ | 1,779 |  |  |
Income Tax Allocated to Each Component of Other Comprehensive Income [Table Text Block] | The amount of income tax allocated to each component of other comprehensive income for the three months ended September 30, 2018 and 2017 were as follows:
|  | 2018 |  |  |  |  | 2017 |
(in thousands) | Pre-tax | Tax impact | Net of tax |  |  | Pre-tax | Tax impact | Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges | $ | (347 | ) | $ | 85 |  | $ | (262 | ) |  |  | $ | (619 | ) | $ | — |  | $ | (619 | )
Reclassification of unrealized loss on derivatives designated and qualified as cash flow hedges | 788 |  | (193 | ) | 595 |  |  |  | 396 |  | — |  | 396 |
Unrecognized net pension and other postretirement benefit gain (loss) | 412 |  | (94 | ) | 318 |  |  |  | (2,600 | ) | 635 |  | (1,965 | )
Reclassification of net pension and other postretirement benefit loss | 1,753 |  | (441 | ) | 1,312 |  |  |  | 1,970 |  | (191 | ) | 1,779 |
Foreign currency translation adjustments | (16,270 | ) | 67 |  | (16,203 | ) |  |  | 20,445 |  | (577 | ) | 19,868 |
Other comprehensive (loss) income | $ | (13,664 | ) | $ | (576 | ) | $ | (14,240 | ) |  |  | $ | 19,592 |  | $ | (133 | ) | $ | 19,459 |

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- Definition Tabular disclosure of information about items reclassified out of accumulated other comprehensive income (loss). + References No definition available. + Details
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- Definition Tabular disclosure of components of comprehensive income (loss). Includes, but is not limited to, foreign currency translation adjustments, foreign currency transactions designated as economic hedges of a net investment in foreign entity, gain (loss) and prior service cost (credit) for pension plans and other postretirement benefit plans. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=114867106&loc=d3e526-108580 + Details
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