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Accumulated Other Comprehensive Loss (Tables) | 9 Months Ended
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Mar. 31, 2019
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 nine months ended March 31, 2019:
(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 | 1,246 |  | (20,147 | ) | 141 |  | (18,760 | )
Amounts reclassified from AOCL | 3,893 |  | — |  | 1,552 |  | 5,445 |
Net current period other comprehensive income (loss) | 5,139 |  | (20,147 | ) | 1,693 |  | (13,315 | )
AOCL, March 30, 2019 | $ | (182,616 | ) | $ | (147,494 | ) | $ | (3,530 | ) | $ | (333,640 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2018 | $ | — |  | $ | (2,913 | ) | $ | — |  | $ | (2,913 | )
Other comprehensive loss before reclassifications | — |  | (698 | ) | — |  | (698 | )
Net current period other comprehensive loss | — |  | (698 | ) | — |  | (698 | )
AOCL, March 31, 2019 | $ | — |  | $ | (3,611 | ) | $ | — |  | $ | (3,611 | )
The components of, and changes in, AOCL were as follows, net of tax, for the nine months ended March 31, 2018:
(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 (loss) income before reclassifications | (4,339 | ) | 52,632 |  | (1,688 | ) | 46,605 |
Amounts reclassified from AOCL | 4,692 |  | — |  | 2,301 |  | 6,993 |
Net current period other comprehensive income | 353 |  | 52,632 |  | 613 |  | 53,598 |
AOCL, March 31, 2018 | $ | (188,685 | ) | $ | (73,974 | ) | $ | (7,435 | ) | $ | (270,094 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2017 | $ | — |  | $ | (2,164 | ) | $ | — |  | $ | (2,164 | )
Other comprehensive income before reclassifications | — |  | 1,443 |  | — |  | 1,443 |
Net current period other comprehensive income | — |  | 1,443 |  | — |  | 1,443 |
AOCL, March 31, 2018 | $ | — |  | $ | (721 | ) | $ | — |  | $ | (721 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three and nine months ended March 31, 2019 and 2018 consisted of the following:
| Three Months Ended March 31, | Nine Months Ended March 31, |  |
(in thousands) | 2019 |  | 2018 | 2019 |  | 2018 |  | Affected line item in the Income Statement
Losses on cash flow hedges: |  |  |  |  |  |  |  |
Forward starting interest rate swaps | $ | 588 |  |  | $ | 566 |  | $ | 1,764 |  |  | $ | 1,698 |  |  | Interest expense
Currency exchange contracts | 333 |  |  | 623 |  | 292 |  |  | 1,350 |  |  | Other income, net
Total before tax | 921 |  |  | 1,189 |  | 2,056 |  |  | 3,048 |  |  |
Tax impact | (226 | ) |  | (291 | ) | (504 | ) |  | (747 | ) |  | Provision for income taxes
Net of tax | $ | 695 |  |  | $ | 898 |  | $ | 1,552 |  |  | $ | 2,301 |  |  |
Postretirement benefit plans: |  |  |  |  |  |  |  |
Amortization of transition obligations | $ | 23 |  |  | $ | 24 |  | $ | 68 |  |  | $ | 70 |  |  | Other income, net
Amortization of prior service (credit) cost | (27 | ) |  | (48 | ) | (83 | ) |  | 74 |  |  | Other income, net
Recognition of actuarial losses | 1,744 |  |  | 1,816 |  | 5,242 |  |  | 5,384 |  |  | Other income, net
Total before tax | 1,740 |  |  | 1,792 |  | 5,227 |  |  | 5,528 |  |  |
Tax impact | (453 | ) |  | (448 | ) | (1,334 | ) |  | (836 | ) |  | Provision for income taxes
Net of tax | $ | 1,287 |  |  | $ | 1,344 |  | $ | 3,893 |  |  | $ | 4,692 |  |  |
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 March 31, 2019 and 2018 were as follows:
|  | 2019 |  |  |  |  | 2018 |
(in thousands) | Pre-tax | Tax impact | Net of tax |  |  | Pre-tax | Tax impact | Net of tax
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges | $ | 307 |  | $ | (75 | ) | $ | 232 |  |  |  | $ | (1,037 | ) | $ | 254 |  | $ | (783 | )
Reclassification of unrealized loss on derivatives designated and qualified as cash flow hedges | 921 |  | (226 | ) | 695 |  |  |  | 1,189 |  | (291 | ) | 898 |
Unrecognized net pension and other postretirement benefit gain (loss) | 172 |  | (121 | ) | 51 |  |  |  | (2,271 | ) | 522 |  | (1,749 | )
Reclassification of net pension and other postretirement benefit loss | 1,740 |  | (453 | ) | 1,287 |  |  |  | 1,792 |  | (448 | ) | 1,344 |
Foreign currency translation adjustments | (1,327 | ) | 88 |  | (1,239 | ) |  |  | 20,437 |  | (155 | ) | 20,282 |
Other comprehensive (loss) income | $ | 1,813 |  | $ | (787 | ) | $ | 1,026 |  |  |  | $ | 20,110 |  | $ | (118 | ) | $ | 19,992 |
The amount of income tax allocated to each component of other comprehensive (loss) income for the nine months ended March 31, 2019 and 2018 were as follows:
|  | 2019 |  |  |  |  | 2018 |
(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 | $ | 187 |  | $ | (46 | ) | $ | 141 |  |  |  | $ | (2,236 | ) | $ | 548 |  | $ | (1,688 | )
Reclassification of unrealized loss on derivatives designated and qualified as cash flow hedges | 2,056 |  | (504 | ) | 1,552 |  |  |  | 3,048 |  | (747 | ) | 2,301 |
Unrecognized net pension and other postretirement benefit gain (loss) | 1,723 |  | (477 | ) | 1,246 |  |  |  | (5,705 | ) | 1,366 |  | (4,339 | )
Reclassification of net pension and other postretirement benefit loss | 5,227 |  | (1,334 | ) | 3,893 |  |  |  | 5,528 |  | (836 | ) | 4,692 |
Foreign currency translation adjustments | (21,007 | ) | 162 |  | (20,845 | ) |  |  | 54,495 |  | (420 | ) | 54,075 |
Other comprehensive (loss) income | $ | (11,814 | ) | $ | (2,199 | ) | $ | (14,013 | ) |  |  | $ | 55,130 |  | $ | (89 | ) | $ | 55,041 |

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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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