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Equity (Tables)

3 Months Ended

9 Months Ended

Mar. 31, 2023

Mar. 31, 2023

Equity [Abstract]

Summary of the changes in the carrying amounts of total equity, Kennametal shareholders' equity and equity attributable to noncontrolling interests

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, 2023 and 2022 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, 2022			$	100,641					$	473,323					$	1,088,379					$	(412,176)					$	39,034					$	1,289,201
Net income			—						—						31,937						—						1,129						33,066
Other comprehensive income			—						—						—						12,925						355						13,280
Dividend reinvestment			2						45						—						—						—						47
Capital stock issued under employee benefit and stock plans(3)			29						4,499						—						—						—						4,528
Purchase of capital stock			(330)						(7,158)						—						—						—						(7,488)
Cash dividends ($0.20 per share)			—						—						(16,097)						—						—						(16,097)
Cash dividends to non-controlling interests			—						—						—						—						(221)						(221)
Total equity, March 31, 2023			$	100,342					$	470,709					$	1,104,219					$	(399,251)					$	40,297					$	1,316,316

			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, 2021			$	103,842					$	534,592					$	1,026,756					$	(349,168)					$	40,551					$	1,356,573
Net income			—						—						35,295						—						1,583						36,878
Other comprehensive loss			—						—						—						(4,107)						(457)						(4,564)
Dividend reinvestment			2						45						—						—						—						47
Capital stock issued under employee benefit and stock plans(3)			31						4,457						—						—						—						4,488
Purchase of capital stock			(577)						(14,437)						—						—						—						(15,014)
Cash dividends ($0.20 per share)			—						—						(16,606)						—						—						(16,606)
Total equity, March 31, 2022			$	103,298					$	524,657					$	1,045,445					$	(353,275)					$	41,677					$	1,361,802

(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, 2023 and 2022 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, 2022			$	101,671					$	494,202					$	1,070,655					$	(413,951)					$	38,670					$	1,291,247
Net income			—						—						82,032						—						3,594						85,626
Other comprehensive income			—						—						—						14,700						(344)						14,356
Dividend reinvestment			6						134						—						—						—						140
Capital stock issued under employee benefit and stock plans(3)			614						11,980						—						—						—						12,594
Purchase of capital stock			(1,949)						(35,607)						—						—						—						(37,556)
Cash dividends ($0.60 per share)			—						—						(48,468)						—												(48,468)
Cash dividends to non-controlling interests			—												—						—						(1,623)						(1,623)
Total equity, March 31, 2023			$	100,342					$	470,709					$	1,104,219					$	(399,251)					$	40,297					$	1,316,316

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- References

No definition available.

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- Definition

Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 2
-URI https://asc.fasb.org/extlink&oid=126973232&loc=d3e21463-112644

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