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Accumulated Other Comprehensive (Loss) Income
 12 Months Ended
Jun. 30, 2020
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Accumulated Other Comprehensive Loss ACCUMULATED OTHER COMPREHENSIVE LOSS

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
)


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

 


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