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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2020
Dec. 31, 2019
Sales $ 440,507 $ 505,080 $ 840,812 $ 1,023,168
Cost of goods sold 318,978 373,062 614,210 752,170
Gross profit 121,529 132,018 226,602 270,998
Operating expense 97,758 107,548 191,097 221,739
Restructuring and asset impairment charges (Note 6) 1,390 62,329 26,967 66,995
Loss on divestiture (Note 3) 0 6,517 0 6,517
Amortization of intangibles 3,347 3,262 6,681 7,008
Operating income (loss) 19,034 (47,638) 1,857 (31,261)
Interest expense 8,317 8,055 18,896 15,936
Other income, net (3,857) (4,211) (7,875) (6,891)
Income (loss) before income taxes 14,574 (51,482) (9,164) (40,306)
Benefit from income taxes (5,676) (45,253) (8,554) (41,487)
Net income (loss) 20,250 (6,229) (610) 1,181
Less: Net income (loss) attributable to noncontrolling interests 862 (290) 1,677 653
Net income (loss) attributable to Kennametal $ 19,388 $ (5,939) $ (2,287) $ 528
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS        
Basic earnings (loss) per share $ 0.23 $ (0.07) $ (0.03) $ 0.01
Diluted earnings (loss) per share 0.23 (0.07) (0.03) 0.01
Dividends per share $ 0.20 $ 0.20 $ 0.40 $ 0.40
Basic weighted average shares outstanding 83,582 83,075 83,451 82,979
Diluted weighted average shares outstanding 84,197 83,075 83,451 83,618
Noncontrolling Interest [Member]        
Net income (loss) $ 862 $ (290) $ 1,677 $ 653