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Accumulated Other Comprehensive Loss (Tables) | 12 Months Ended
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Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract] |
Components of Accumulated Other Comprehensive I(Loss) Income [Table Text Block] | The components of and changes in accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the year ended June 30, 2020 (in thousands):
Attributable to Kennametal: | Pension and other postretirement benefits | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2019 | $ | (222,270 | ) | $ | (147,595 | ) | $ | (3,678 | ) | $ | (373,543 | )
Other comprehensive loss before reclassifications | (18,299 | ) | (33,432 | ) | (582 | ) | (52,313 | )
Amounts Reclassified from AOCL | 7,935 |  | — |  | 679 |  | 8,614 |
Net current period other comprehensive loss | (10,364 | ) | (33,432 | ) | 97 |  | (43,699 | )
AOCL, June 30, 2020 | $ | (232,634 | ) | $ | (181,027 | ) | $ | (3,581 | ) | $ | (417,242 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2019 | $ | — |  | $ | (3,450 | ) | $ | — |  | $ | (3,450 | )
Other comprehensive loss before reclassifications | — |  | (2,459 | ) | — |  | (2,459 | )
Net current period other comprehensive loss | — |  | (2,459 | ) | — |  | (2,459 | )
AOCL, June 30, 2020 | $ | — |  | $ | (5,909 | ) | $ | — |  | $ | (5,909 | )
The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2019 (in thousands):
Attributable to Kennametal: | Pension and other postretirement benefits | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2018 | $ | (187,755 | ) | $ | (127,347 | ) | $ | (5,223 | ) | $ | (320,325 | )
Other comprehensive loss before reclassifications | (39,639 | ) | (20,248 | ) | 197 |  | (59,690 | )
Amounts Reclassified from AOCL | 5,124 |  | — |  | 1,348 |  | 6,472 |
Net current period other comprehensive loss | (34,515 | ) | (20,248 | ) | 1,545 |  | (53,218 | )
AOCL, June 30, 2019 | $ | (222,270 | ) | $ | (147,595 | ) | $ | (3,678 | ) | $ | (373,543 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2018 | $ | — |  | $ | (2,913 | ) | $ | — |  | $ | (2,913 | )
Other comprehensive loss before reclassifications | — |  | (537 | ) | — |  | (537 | )
Net current period other comprehensive loss | — |  | (537 | ) | — |  | (537 | )
AOCL, June 30, 2019 | $ | — |  | $ | (3,450 | ) | $ | — |  | $ | (3,450 | )
The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2018 (in thousands):
Attributable to Kennametal: | Pension and other postretirement benefits | Currency translation adjustment | Derivatives | Total
Balance, June 30, 2017 | $ | (189,038 | ) | $ | (126,606 | ) | $ | (8,048 | ) | $ | (323,692 | )
Other comprehensive loss before reclassifications | (5,991 | ) | (741 | ) | (922 | ) | (7,654 | )
Amounts Reclassified from AOCL | 7,274 |  | — |  | 3,747 |  | 11,021 |
Net current period other comprehensive income | 1,283 |  | (741 | ) | 2,825 |  | 3,367 |
AOCL, June 30, 2018 | $ | (187,755 | ) | $ | (127,347 | ) | $ | (5,223 | ) | $ | (320,325 | )
Attributable to noncontrolling interests: |  |  |  |
Balance, June 30, 2017 | $ | — |  | $ | (2,164 | ) | $ | — |  | $ | (2,164 | )
Other comprehensive loss before reclassifications | — |  | (749 | ) | — |  | (749 | )
Net current period other comprehensive loss | — |  | (749 | ) | — |  | (749 | )
AOCL, June 30, 2018 | $ | — |  | $ | (2,913 | ) | $ | — |  | $ | (2,913 | )
Reclassification out of Accumulated Other Comprehensive Loss | Reclassifications out of AOCL for the years ended June 30, 2020, 2019 and 2018 consisted of the following:
| Year Ended June 30, |
Details about AOCL components (in thousands) | 2020 | 2019 | 2018 | Affected line item in the Income Statement
Gains and losses on cash flow hedges: |  |  |  |
Forward starting interest rate swaps | $ | 2,444 |  | $ | 2,352 |  | $ | 2,265 |  | Interest expense
Currency exchange contracts | (1,545 | ) | (567 | ) | 2,243 |  | Other income, net
Total before tax | 899 |  | 1,785 |  | 4,508 |  |
Tax impact | (220 | ) | (437 | ) | (761 | ) | Provision for income taxes
Net of tax | $ | 679 |  | $ | 1,348 |  | $ | 3,747 |  |
Pension and other postretirement benefits: |  |  |  |
Amortization of transition obligations | $ | 88 |  | $ | 91 |  | $ | 94 |  | Other income, net
Amortization of prior service credit | (226 | ) | (109 | ) | 26 |  | Other income, net
Recognition of actuarial losses | 10,616 |  | 6,971 |  | 7,187 |  | Other income, net
Total before tax | 10,478 |  | 6,953 |  | 7,307 |  |
Tax impact | (2,543 | ) | (1,829 | ) | (33 | ) | Provision for income taxes
Net of tax | $ | 7,935 |  | $ | 5,124 |  | $ | 7,274 |  |
Amount of Income Tax (Expense) Benefit Allocated to Each Component of Other Comprehensive Income (Loss) [Table Text Block] | The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2020:
(in thousands) | Pre-tax | Tax impact | Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges | $ | (771 | ) | $ | 189 |  | $ | (582 | )
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges | 899 |  | (220 | ) | 679 |
Unrecognized net pension and other postretirement benefit loss | (23,999 | ) | 5,700 |  | (18,299 | )
Reclassification of net pension and other postretirement benefit loss | 10,478 |  | (2,543 | ) | 7,935 |
Foreign currency translation adjustments | (35,936 | ) | 45 |  | (35,891 | )
Other comprehensive loss | $ | (49,329 | ) | $ | 3,171 |  | $ | (46,158 | )
The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2019:
(in thousands) | Pre-tax | Tax impact | Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges | $ | 261 |  | $ | (64 | ) | $ | 197 |
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges | 1,785 |  | (437 | ) | 1,348 |
Unrecognized net pension and other postretirement benefit loss | (52,087 | ) | 12,448 |  | (39,639 | )
Reclassification of net pension and other postretirement benefit loss | 6,953 |  | (1,829 | ) | 5,124 |
Foreign currency translation adjustments | (20,881 | ) | 96 |  | (20,785 | )
Other comprehensive loss | $ | (63,969 | ) | $ | 10,214 |  | $ | (53,755 | )
The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2018:
(in thousands) | Pre-tax | Tax impact | Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges | $ | (928 | ) | $ | 6 |  | $ | (922 | )
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges | 4,508 |  | (761 | ) | 3,747 |
Unrecognized net pension and other postretirement benefit loss | (8,043 | ) | 2,052 |  | (5,991 | )
Reclassification of net pension and other postretirement benefit loss | 7,307 |  | (33 | ) | 7,274 |
Foreign currency translation adjustments | (1,593 | ) | 103 |  | (1,490 | )
Other comprehensive income | $ | 1,251 |  | $ | 1,367 |  | $ | 2,618 |

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
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