XML 13 R3.htm IDEA: XBRL DOCUMENT v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Sales $ 484,658 $ 483,084 $ 1,325,470 $ 1,506,252
Cost of goods sold 334,483 326,066 948,693 1,078,236
Gross profit 150,175 157,018 376,777 428,016
Operating expense 108,113 98,534 299,211 320,273
Restructuring and asset impairment charges (Note 6) (822) 17,187 26,145 84,182
Loss on divestiture (Note 3) 0 0 0 6,517
Amortization of intangibles 3,362 3,404 10,043 10,413
Operating income 39,522 37,893 41,378 6,631
Interest expense (Note 10) 20,928 7,897 39,823 23,834
Other income, net (2,692) (2,438) (10,568) (9,330)
Income (loss) before income taxes 21,286 32,434 12,123 (7,873)
(Benefit) provision from income taxes (1,699) 30,193 (10,252) (11,295)
Net income 22,985 2,241 22,375 3,422
Less: Net income (loss) attributable to noncontrolling interests 1,364 (676) 3,042 (23)
Net income attributable to Kennametal $ 21,621 $ 2,917 $ 19,333 $ 3,445
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS        
Basic earnings per share $ 0.26 $ 0.04 $ 0.23 $ 0.04
Diluted earnings per share 0.26 0.03 0.23 0.04
Dividends per share $ 0.20 $ 0.20 $ 0.60 $ 0.60
Basic weighted average shares outstanding 83,719 83,106 83,539 83,022
Diluted weighted average shares outstanding 84,588 83,696 84,184 83,589
Noncontrolling Interest [Member]        
Net income $ 1,364 $ (676) $ 3,042 $ (23)