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CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($)
$ in Thousands
Sep. 30, 2019
Jun. 30, 2019
Current assets:    
Cash and cash equivalents $ 113,522 $ 182,015
Accounts receivable, less allowance for doubtful accounts of $10,671 and $10,083, respectively 327,628 379,855
Inventories (Note 9) 557,133 571,576
Other current assets 67,106 57,381
Total current assets 1,065,389 1,190,827
Property, plant and equipment:    
Land and buildings 349,435 351,142
Machinery and equipment 1,825,381 1,804,871
Less accumulated depreciation (1,210,528) (1,221,118)
Property, plant and equipment, net 964,288 934,895
Other assets:    
Goodwill (Note 17) 294,584 300,011
Other intangible assets, less accumulated amortization of $153,788 and $151,445, respectively (Note 17) 156,708 160,998
Operating lease right-of-use assets (Note 10) 43,824 0
Deferred income taxes 18,921 20,507
Other 55,691 49,031
Total other assets 569,728 530,547
Total assets 2,599,405 2,656,269
Current liabilities:    
Notes payable to banks 3,528 157
Current operating lease liabilities (Note 10) 13,598 0
Accounts payable 198,674 212,908
Accrued income taxes 24,156 29,223
Accrued expenses 53,702 76,616
Other current liabilities 125,061 142,822
Total current liabilities 418,719 461,726
Long-term debt, less current maturities (Note 11) 592,858 592,474
Operating lease liabilities (Note 10) 30,296 0
Deferred income taxes 23,233 23,322
Accrued pension and postretirement benefits 167,002 174,003
Accrued income taxes 8,921 9,038
Other liabilities 20,726 21,002
Total liabilities 1,261,755 1,281,565
Commitments and contingencies
Kennametal Shareholders' Equity:    
Preferred stock, no par value; 5,000 shares authorized; none issued 0 0
Capital stock, $1.25 par value; 120,000 shares authorized; 82,833 and 82,421 shares issued, respectively 103,542 103,026
Additional paid-in capital 530,695 528,827
Retained earnings 1,066,763 1,076,862
Accumulated other comprehensive loss (402,434) (373,543)
Total Kennametal Shareholders' Equity 1,298,566 1,335,172
Noncontrolling interests 39,084 39,532
Total equity 1,337,650 1,374,704
Total liabilities and equity $ 2,599,405 $ 2,656,269