EQUITY

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests as of December 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, 2018	$	102,058		$	511,909		$	900,683		$	(320,325	)	$	36,002		$	1,230,327
Net income	—			—			111,396			—			3,274			114,670
Other comprehensive loss	—			—			—			(14,307		)	(732		)	(15,039		)
Dividend reinvestment	3			104			—			—			—			107
Capital stock issued under employee benefit and stock plans⁽³⁾	642			10,504			—			—			—			11,146
Purchase of capital stock	(3		)	(104		)	—			—			—			(107		)
Cash dividends	—			—			(32,820		)	—			—			(32,820		)
Balance as of December 31, 2018	$	102,700		$	522,413		$	979,259		$	(334,632	)	$	38,544		$	1,308,284



	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	—			—			80,785			—			1,011		81,796
Other comprehensive income	—			—			—			33,876			1,173		35,049
Dividend reinvestment	3			106			—			—			—		109
Capital stock issued under employee benefit and stock plans⁽³⁾	1,065			25,841			—			—			—		26,906
Purchase of capital stock	(3		)	(106		)	—			—			—		(109		)
Cash dividends	—			—			(32,456		)	—			—		(32,456		)
Balance as of December 31, 2017	$	101,897		$	500,388		$	813,936		$	(289,816	)	$	37,543	$	1,163,948

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

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