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Accumulated Other Comprehensive Loss (Tables) | 3 Months Ended
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Sep. 30, 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 three months ended September 30, 2019:
(in thousands) | Pension and other postretirement benefits | Currency translation adjustment | Derivatives | Total
Attributable to Kennametal: |  |  |  |
Balance, June 30, 2019 | $ | (222,270 | ) | $ | (147,595 | ) | $ | (3,678 | ) | $ | (373,543 | )
Other comprehensive income (loss) before reclassifications | 2,607 |  | (34,034 | ) | 395 |  | (31,032 | )
Amounts reclassified from AOCL | 1,960 |  | — |  | 181 |  | 2,141 |
Net current period other comprehensive income (loss) | 4,567 |  | (34,034 | ) | 576 |  | (28,891 | )
AOCL, September 30, 2019 | $ | (217,703 | ) | $ | (181,629 | ) | $ | (3,102 | ) | $ | (402,434 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2019 | $ | — |  | $ | (3,450 | ) | $ | — |  | $ | (3,450 | )
Other comprehensive loss before reclassifications | — |  | (1,392 | ) | — |  | (1,392 | )
Net current period other comprehensive loss | — |  | (1,392 | ) | — |  | (1,392 | )
AOCL, September 30, 2019 | $ | — |  | $ | (4,842 | ) | $ | — |  | $ | (4,842 | )
The components of, and changes in, AOCL were as follows, net of tax, for the three months ended September 30, 2018:
(in thousands) | Pension and other postretirement benefits | 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 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the three months ended September 30, 2019 and 2018 consisted of the following:
| Three Months Ended September 30, |  |
(in thousands) | 2019 |  | 2018 |  | Affected line item in the Income Statement
Gains and losses on cash flow hedges: |  |  |  |  |
Forward starting interest rate swaps | $ | 611 |  |  | $ | 588 |  |  | Interest expense
Currency exchange contracts | (371 | ) |  | 200 |  |  | Cost of goods sold and other income, net
Total before tax | 240 |  |  | 788 |  |  |
Tax impact | (59 | ) |  | (193 | ) |  | Provision for income taxes
Net of tax | $ | 181 |  |  | $ | 595 |  |  |
Pension and other postretirement benefits: |  |  |  |  |
Amortization of transition obligations | $ | 22 |  |  | $ | 23 |  |  | Other income, net
Amortization of prior service credit | (57 | ) |  | (27 | ) |  | Other income, net
Recognition of actuarial losses | 2,659 |  |  | 1,757 |  |  | Other income, net
Total before tax | 2,624 |  |  | 1,753 |  |  |
Tax impact | (664 | ) |  | (441 | ) |  | Provision for income taxes
Net of tax | $ | 1,960 |  |  | $ | 1,312 |  |  |
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 loss for the three months ended September 30, 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 | $ | 523 |  | $ | (128 | ) | $ | 395 |  |  |  | $ | (347 | ) | $ | 85 |  | $ | (262 | )
Reclassification of unrealized loss on derivatives designated and qualified as cash flow hedges | 240 |  | (59 | ) | 181 |  |  |  | 788 |  | (193 | ) | 595 |
Unrecognized net pension and other postretirement benefit gain | 3,469 |  | (862 | ) | 2,607 |  |  |  | 412 |  | (94 | ) | 318 |
Reclassification of net pension and other postretirement benefit loss | 2,624 |  | (664 | ) | 1,960 |  |  |  | 1,753 |  | (441 | ) | 1,312 |
Foreign currency translation adjustments | (35,579 | ) | 153 |  | (35,426 | ) |  |  | (16,270 | ) | 67 |  | (16,203 | )
Other comprehensive loss | $ | (28,723 | ) | $ | (1,560 | ) | $ | (30,283 | ) |  |  | $ | (13,664 | ) | $ | (576 | ) | $ | (14,240 | )

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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=118930883&loc=d3e526-108580 + Details
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