XML 22 R2.htm IDEA: XBRL DOCUMENT v3.19.3
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sales $ 518,088 $ 586,687
Cost of goods sold 379,108 375,595
Gross profit 138,980 211,092
Operating expense 114,191 123,285
Restructuring and asset impairment charges (Note 6) 4,666 1,075
Amortization of intangibles 3,747 3,580
Operating income 16,376 83,152
Interest expense 7,881 8,097
Other income, net (2,681) (2,761)
Income before income taxes 11,176 77,816
Provision for income taxes 3,766 19,392
Net income 7,410 58,424
Less: Net income attributable to noncontrolling interests 944 1,725
Net income attributable to Kennametal $ 6,466 $ 56,699
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS    
Basic earnings per share $ 0.08 $ 0.69
Diluted earnings per share 0.08 0.68
Dividends per share $ 0.20 $ 0.20
Basic weighted average shares outstanding 82,881 82,105
Diluted weighted average shares outstanding 83,487 83,194
Noncontrolling Interest [Member]    
Net income $ 944 $ 1,725