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Accumulated Other Comprehensive Loss
 3 Months Ended
Sep. 30, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss
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
)

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

 
 


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