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v3.21.1

Equity | 9 Months Ended
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Mar. 31, 2021
Equity [Abstract] |
EQUITY | EQUITY A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ending March 31, 2021 and 2020 is as follows:
| Kennametal Shareholders’ Equity |  |  |  |
(in thousands, except per share amounts) | Capital stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated other comprehensive loss |  | Non-controlling interests |  | Total equity
Balance as of December 31, 2020 | $ | 104,330 |  |  | $ | 547,754 |  |  | $ | 969,301 |  |  | $ | (342,231) |  |  | $ | 40,535 |  |  | $ | 1,319,689 |
Net income | — |  |  | — |  |  | 21,621 |  |  | — |  |  | 1,364 |  |  | 22,985 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | (16,572) |  |  | (730) |  |  | (17,302) |
Dividend reinvestment | 2 |  |  | 48 |  |  | — |  |  | — |  |  | — |  |  | 50 |
Capital stock issued under employee benefit and stock plans(3) | 148 |  |  | 8,768 |  |  | — |  |  | — |  |  | — |  |  | 8,916 |
Purchase of capital stock | (2) |  |  | (48) |  |  | — |  |  | — |  |  | — |  |  | (50) |
Cash dividends ($0.20 per share) | — |  |  | — |  |  | (16,707) |  |  | — |  |  | — |  |  | (16,707) |
Total equity, March 31, 2021 | $ | 104,478 |  |  | $ | 556,522 |  |  | $ | 974,215 |  |  | $ | (358,803) |  |  | $ | 41,169 |  |  | $ | 1,317,581 |
| Kennametal Shareholders’ Equity |  |  |  |
(in thousands, except per share amounts) | Capital stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated other comprehensive loss |  | Non-controlling interests |  | Total equity
Balance as of December 31, 2019 | $ | 103,618 |  |  | $ | 536,522 |  |  | $ | 1,044,247 |  |  | $ | (378,219) |  |  | $ | 40,859 |  |  | $ | 1,347,027 |
Net income (loss) | — |  |  | — |  |  | 2,917 |  |  | — |  |  | (676) |  |  | 2,241 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | (31,978) |  |  | (1,983) |  |  | (33,961) |
Dividend reinvestment | 2 |  |  | 50 |  |  | — |  |  | — |  |  | — |  |  | 52 |
Capital stock issued under employee benefit and stock plans(3) | 24 |  |  | 74 |  |  | — |  |  | — |  |  | — |  |  | 98 |
Purchase of capital stock | (2) |  |  | (50) |  |  | — |  |  | — |  |  | — |  |  | (52) |
Cash dividends ($0.20 per share) | — |  |  | — |  |  | (16,582) |  |  | — |  |  | — |  |  | (16,582) |
Total equity, March 31, 2020 | $ | 103,642 |  |  | $ | 536,596 |  |  | $ | 1,030,582 |  |  | $ | (410,197) |  |  | $ | 38,200 |  |  | $ | 1,298,823 |
(3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements. A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the nine months ending March 31, 2021 and 2020 is as follows:
| Kennametal Shareholders’ Equity |  |  |  |
(in thousands, except per share amounts) | Capital stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated other comprehensive loss |  | Non-controlling interests |  | Total equity
Balance as of June 30, 2020 | $ | 103,654 |  |  | $ | 538,575 |  |  | $ | 1,004,898 |  |  | $ | (417,242) |  |  | $ | 38,903 |  |  | $ | 1,268,788 |
Net income | — |  |  | — |  |  | 19,333 |  |  | — |  |  | 3,042 |  |  | 22,375 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | 58,439 |  |  | 1,904 |  |  | 60,343 |
Dividend reinvestment | 6 |  |  | 144 |  |  | — |  |  | — |  |  | — |  |  | 150 |
Capital stock issued under employee benefit and stock plans(3) | 824 |  |  | 18,258 |  |  | — |  |  | — |  |  | — |  |  | 19,082 |
Purchase of capital stock | (6) |  |  | (144) |  |  | — |  |  | — |  |  | — |  |  | (150) |
Cash dividends ($0.60 per share) | — |  |  | — |  |  | (50,016) |  |  | — |  |  | — |  |  | (50,016) |
Cash dividends to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | (1,361) |  |  | (1,361) |
Other | — |  |  | (311) |  |  | — |  |  | — |  |  | (1,319) |  |  | (1,630) |
Total equity, March 31, 2021 | $ | 104,478 |  |  | $ | 556,522 |  |  | $ | 974,215 |  |  | $ | (358,803) |  |  | $ | 41,169 |  |  | $ | 1,317,581 |
| Kennametal Shareholders’ Equity |  |  |  |
(in thousands, except per share amounts) | Capital stock |  | Additional paid-in capital |  | Retained earnings |  | Accumulated other comprehensive loss |  | Non-controlling interests |  | Total equity
Balance as of June 30, 2019 | $ | 103,026 |  |  | $ | 528,827 |  |  | $ | 1,076,862 |  |  | $ | (373,543) |  |  | $ | 39,532 |  |  | $ | 1,374,704 |
Net income (loss) | — |  |  | — |  |  | 3,445 |  |  | — |  |  | (23) |  |  | 3,422 |
Other comprehensive loss | — |  |  | — |  |  | — |  |  | (36,654) |  |  | (2,836) |  |  | (39,490) |
Dividend reinvestment | 6 |  |  | 151 |  |  | — |  |  | — |  |  | — |  |  | 157 |
Capital stock issued under employee benefit and stock plans(3) | 616 |  |  | 7,769 |  |  | — |  |  | — |  |  | — |  |  | 8,385 |
Purchase of capital stock | (6) |  |  | (151) |  |  | — |  |  | — |  |  | — |  |  | (157) |
Additions to noncontrolling interest | — |  |  | — |  |  | — |  |  | — |  |  | 1,527 |  |  | 1,527 |
Cash dividends ($0.60 per share) | — |  |  | — |  |  | (49,725) |  |  | — |  |  | — |  |  | (49,725) |
Total equity, March 31, 2020 | $ | 103,642 |  |  | $ | 536,596 |  |  | $ | 1,030,582 |  |  | $ | (410,197) |  |  | $ | 38,200 |  |  | $ | 1,298,823 |
(3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements. The amounts of comprehensive income attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive income.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(e)(1)) -URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -URI http://asc.fasb.org/extlink&oid=120397183&loc=d3e187085-122770 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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