Accumulated Other Comprehensive Loss (Tables)

12 Months Ended

Jun. 30, 2015

The components of and changes in AOCL were as follows (net of tax) for the year ended June 30, 2015 (in thousands):



Attributable to Kennametal:	Post-retirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2014	$	(93,742	)	$	38,811		$	(11,200	)	$	(66,131	)
Other comprehensive (loss) income before reclassifications	(47,982		)	(136,120		)	6,652			(177,450		)
Amounts Reclassified from AOCL	2,931			—			(2,873		)	58
Net current period other comprehensive loss	(45,051		)	(136,120		)	3,779			(177,392		)
AOCL, June 30, 2015	$	(138,793	)	$	(97,309	)	$	(7,421	)	$	(243,523	)

Attributable to noncontrolling interests:
Balance, June 30, 2014	$	—		$	1,087		$	—		$	1,087
Other comprehensive loss before reclassifications	—			(3,345		)	—			(3,345		)
Net current period other comprehensive loss	—			(3,345		)	—			(3,345		)
AOCL, June 30, 2015	$	—		$	(2,258	)	$	—		$	(2,258	)

The components of and changes in AOCL were as follows (net of tax) for the year ended June 30, 2014 (in thousands):



Attributable to Kennametal:	Post-retirement benefit plans			Currency translation adjustment		Derivatives			Total
Balance, June 30, 2013	$	(83,936	)	$	7,413	$	(12,481	)	$	(89,004	)
Other comprehensive (loss) income before reclassifications	(11,990		)	31,398		(706		)	18,702
Amounts Reclassified from AOCL	2,184			—		1,987			4,171
Net current period other comprehensive loss	(9,806		)	31,398		1,281			22,873
AOCL, June 30, 2014	$	(93,742	)	$	38,811	$	(11,200	)	$	(66,131	)

Attributable to noncontrolling interests:
Balance, June 30, 2013	$	—		$	721	$	—		$	721
Other comprehensive income before reclassifications	—			366		—			366
Net current period other comprehensive loss	—			366		—			366
AOCL, June 30, 2014	$	—		$	1,087	$	—		$	1,087

The components of and changes in AOCL were as follows (net of tax) for the year ended June 30, 2013 (in thousands):



Attributable to Kennametal:	Post-retirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2012	$	(132,991	)	$	(4,424	)	$	(13,247	)	$	(150,662	)
Other comprehensive income (loss) before reclassifications	39,376			9,772			(611		)	48,537
Amounts Reclassified from AOCL	9,679			—			1,377			11,056
Net current period other comprehensive loss	49,055			9,772			766			59,593
Sale of subsidiary stock to noncontrolling interest	—			2,065			—			2,065
AOCL, June 30, 2013	$	(83,936	)	$	7,413		$	(12,481	)	$	(89,004	)

Attributable to noncontrolling interests:
Balance, June 30, 2012	$	—		$	1,271		$	—		$	1,271
Other comprehensive loss before reclassifications	—			(550		)	—			(550		)
Net current period other comprehensive loss	—			(550		)	—			(550		)
AOCL, June 30, 2013	$	—		$	721		$	—		$	721

Reclassifications out of AOCL for the years ended June 30, 2015, 2014 and 2013 consisted of the following:



	Year Ended June 30,
Details about AOCL components (in thousands)	2015			2014			2013			Affected line item in the Income Statement
Gains and losses on cash flow hedges:
Forward starting interest rate swaps	$	2,021		$	1,945		$	1,872		Interest expense
Currency exchange contracts	(6,700		)	1,260			363			Other (income) expense, net
Total before tax	(4,679		)	3,205			2,235
Tax (expense) benefit	(1,806		)	1,218			858			(Benefit) provision for income taxes
Net of tax	$	(2,873	)	$	1,987		$	1,377

Post-retirement benefit plans:
Amortization of transition obligations	$	78		$	78		$	69		See Note 12 for further details
Amortization of prior service credit	(420		)	(345		)	(306		)	See Note 12 for further details
Recognition of actuarial losses	4,163			2,959			15,378			See Note 12 for further details
Total before tax	3,821			2,692			15,141
Tax benefit	890			508			5,462			(Benefit) provision for income taxes
Net of tax	$	2,931		$	2,184		$	9,679

The amount of income tax allocated to each component of other comprehensive (loss) for the year ended June 30, 2015:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges	$	10,834		$	(4,182	)	$	6,652
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	(4,679		)	1,806			(2,873		)
Unrecognized net pension and other postretirement benefit loss	(76,029		)	28,047			(47,982		)
Reclassification of net pension and other postretirement benefit loss	3,821			(890		)	2,931
Foreign currency translation adjustments	(147,172		)	7,707			(139,465		)
Other comprehensive (loss)	$	(213,225	)	$	32,488		$	(180,737	)

The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2014:



(in thousands)	Pre-tax			Tax impact			Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(1,139	)	$	433		$	(706	)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges	3,205			(1,218		)	1,987
Unrecognized net pension and other postretirement benefit loss	(15,900		)	3,910			(11,990		)
Reclassification of net pension and other postretirement benefit loss	2,692			(508		)	2,184
Foreign currency translation adjustments	33,493			(1,730		)	31,763
Other comprehensive income	$	22,351		$	887		$	23,238

The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2013:



(in thousands)	Pre-tax		Tax impact		Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	(992	)	381		(611	)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges	2,235		(858	)	1,377
Unrecognized net pension and other postretirement benefit gain	64,340		(24,964	)	39,376
Reclassification of net pension and other postretirement benefit loss	15,141		(5,462	)	9,679
Foreign currency translation adjustments	10,414		(1,191	)	9,223
Other comprehensive income	91,138		(32,094	)	59,044