Acquisition (Tables)

6 Months Ended

Dec. 31, 2013

The preliminary allocation of the purchase price to the fair values of the assets acquired and liabilities assumed is as follows:



(in thousands)	Total
ASSETS
Current assets:
Cash and cash equivalents	$	1,294
Accounts Receivable	41,164
Inventory	98,664
Other current assets	4,014
Total current assets	$	145,136
Property and equipment	125,283
Goodwill	242,363
Other intangible assets	124,200
Deferred income taxes	3,699
Other	1,565
Total assets	$	642,246
LIABILITIES
Current liabilities:
Accounts payable	$	21,001
Accrued payroll	3,646
Deferred income taxes	3,563
Accrued expenses	1,959
Total current liabilities	$	30,169
Accrued pension and postretirement benefits	88
Other long-term liabilities	5,021
Total liabilities	35,278
Net assets acquired	$	606,968

Unaudited pro forma summary of operating results of Kennametal, assuming the acquisition had occurred as of July 1, 2012, are as follows:



	Three Months Ended December 31,				Six Months Ended December 31,
(in thousands, except per share amounts)	2013		2012		2013		2012
Pro forma (unaudited):
Net Sales	$	721,062	$	731,941	$	1,434,250	$	1,468,196
Net income attributable to Kennametal	$	35,934	$	33,112	$	70,778	$	78,239
Per share data attributable to Kennametal:
Basic earnings per share	$	0.46	$	0.42	$	0.90	$	0.98
Diluted earnings per share	$	0.45	$	0.41	$	0.89	$	0.96