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Equity | 6 Months Ended
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Dec. 31, 2023
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 ended December 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 September 30, 2023 | $ | 99,773 |  |  | $ | 453,385 |  |  | $ | 1,138,712 |  |  | $ | (431,512) |  |  | $ | 38,393 |  |  | $ | 1,298,751 |
Net income | — |  |  | — |  |  | 23,108 |  |  |  |  | 1,220 |  |  | 24,328 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | 30,191 |  |  | 668 |  |  | 30,859 |
Dividend reinvestment | 2 |  |  | 43 |  |  | — |  |  |  |  |  |  | 45 |
Capital stock issued under employee benefit and stock plans(3) | 80 |  |  | 4,979 |  |  | — |  |  |  |  |  |  | 5,059 |
Purchase of capital stock | (784) |  |  | (14,245) |  |  | — |  |  |  |  |  |  | (15,029) |
Cash dividends ($0.20 per share) | — |  |  | — |  |  | (15,909) |  |  | — |  |  | — |  |  | (15,909) |
Total equity, December 31, 2023 | $ | 99,071 |  |  | $ | 444,162 |  |  | $ | 1,145,911 |  |  | $ | (401,321) |  |  | $ | 40,281 |  |  | $ | 1,328,104 |
| 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 September 30, 2022 | $ | 101,095 |  |  | $ | 478,930 |  |  | $ | 1,082,575 |  |  | $ | (461,197) |  |  | $ | 36,942 |  |  | $ | 1,238,345 |
Net income | — |  |  | — |  |  | 21,899 |  |  | — |  |  | 1,025 |  |  | 22,924 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | 49,021 |  |  | 1,067 |  |  | 50,088 |
Dividend reinvestment | 2 |  |  | 45 |  |  | — |  |  | — |  |  | — |  |  | 47 |
Capital stock issued under employee benefit and stock plans(3) | 131 |  |  | 4,453 |  |  | — |  |  | — |  |  | — |  |  | 4,584 |
Purchase of capital stock | (587) |  |  | (10,105) |  |  | — |  |  | — |  |  | — |  |  | (10,692) |
Cash dividends ($0.20 per share) | — |  |  | — |  |  | (16,095) |  |  | — |  |  | — |  |  | (16,095) |
Total equity, December 31, 2022 | $ | 100,641 |  |  | $ | 473,323 |  |  | $ | 1,088,379 |  |  | $ | (412,176) |  |  | $ | 39,034 |  |  | $ | 1,289,201 |
(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 six months ended December 31, 2023 and 2022 is as follows:

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