A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests as of December 31, 2015 and 2014 is as follows:



	Kennametal Shareholders’ Equity
(in thousands)	Capital stock			Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Non- controlling interests			Total equity
Balance as of June 30, 2015	$	99,219		$	419,829		$	1,070,282		$	(243,523	)	$	29,628		$	1,375,435
Net (loss) income	—			—			(175,453		)	—			939			(174,514		)
Other comprehensive loss	—			—			—			(20,904		)	(1,067		)	(21,971		)
Dividend reinvestment	8			159			—			—			—			167
Capital stock issued under employee benefit and stock plans	369			6,874			—			—			—			7,243
Purchase of capital stock	(8		)	(159		)	—			—			—			(167		)
Cash dividends paid	—			—			(31,845		)	—			(71		)	(31,916		)
Balance as of December 31, 2015	$	99,588		$	426,703		$	862,984		$	(264,427	)	$	29,429		$	1,154,277



	Kennametal Shareholders’ Equity
(in thousands)	Capital stock			Additional paid-in capital			Retained earnings			Accumulated other comprehensive loss			Non- controlling interests			Total equity
Balance as of June 30, 2014	$	98,340		$	395,890		$	1,501,157		$	(66,131	)	$	32,352		$	1,961,608
Net income	—			—			(348,814		)	—			1,236			(347,578		)
Other comprehensive loss	—			—			—			(69,352		)	(2,274		)	(71,626		)
Dividend reinvestment	5			163			—			—			—			168
Capital stock issued under employee benefit and stock plans	592			16,089			—			—			—			16,681
Purchase of capital stock	(5		)	(163		)	—			—			—			(168		)
Cash dividends paid	—			—			(28,451		)	—			(47		)	(28,498		)
Balance as of December 31, 2014	$	98,932		$	411,979		$	1,123,892		$	(135,483	)	$	31,267		$	1,530,587