XML 44 R35.htm IDEA: XBRL DOCUMENT
v3.24.0.1

Equity (Tables) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Dec. 31, 2023 | Dec. 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 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. |
| 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, 2023 | $ | 99,794 |  |  | $ | 465,406 |  |  | $ | 1,124,590 |  |  | $ | (414,343) |  |  | $ | 38,721 |  |  | $ | 1,314,168 |
Net income | — |  |  | — |  |  | $ | 53,165 |  |  | — |  |  | 1,532 |  |  | 54,697 |
Other comprehensive income | — |  |  | — |  |  | — |  |  | 13,022 |  |  | 28 |  |  | 13,050 |
Dividend reinvestment | 5 |  |  | 85 |  |  | — |  |  | — |  |  | — |  |  | 90 |
Capital stock issued under employee benefit and stock plans(3) | 689 |  |  | 6,008 |  |  | — |  |  | — |  |  | — |  |  | 6,697 |
Purchase of capital stock | (1,417) |  |  | (27,337) |  |  | — |  |  | — |  |  | — |  |  | (28,754) |
Cash dividends ($0.40 per share) | — |  |  | — |  |  | (31,844) |  |  | — |  |  |  |  | (31,844) |
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 June 30, 2022 | $ | 101,671 |  |  | $ | 494,202 |  |  | $ | 1,070,655 |  |  | $ | (413,951) |  |  | $ | 38,670 |  |  | $ | 1,291,247 |
Net income | — |  |  | — |  |  | $ | 50,095 |  |  | — |  |  | 2,466 |  |  | 52,561 |
Other comprehensive income (loss) | — |  |  | — |  |  | — |  |  | 1,775 |  |  | (698) |  |  | 1,077 |
Dividend reinvestment | 4 |  | — |  | 89 |  |  | — |  |  | — |  |  | — |  |  | 93 |
Capital stock issued under employee benefit and stock plans(3) | 585 |  |  | 7,481 |  |  | — |  |  | — |  |  | — |  |  | 8,066 |
Purchase of capital stock | (1,619) |  |  | (28,449) |  |  | — |  |  | — |  |  | — |  |  | (30,068) |
Cash dividends ($0.40 per share) | — |  |  | — |  |  | (32,371) |  |  | — |  |  | — |  |  | (32,371) |
Cash dividends to non-controlling interests | — |  |  | — |  |  | — |  |  | — |  |  | (1,404) |  |  | (1,404) |
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. The amounts of comprehensive income attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive income. On February 2, 2024, the Board of Directors of the Company authorized an additional share repurchase program. The Company intends to repurchase up to an additional $200 million of Kennametal common stock over a three-year period. The Company expects to fund repurchases through cash generated from operations.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org//1943274/2147481112/505-10-50-2 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration