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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
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