ACCUMULATED OTHER COMPREHENSIVE LOSS

Total accumulated other comprehensive loss (AOCL) consists of net income (loss) and other changes in equity from transactions and other events from sources other than shareholders. It includes postretirement benefit plan adjustments, currency translation adjustments and unrealized gains and losses from derivative instruments designated as cash flow hedges.

The components of, and changes in, AOCL were as follows (net of tax) for the three months ended March 31, 2016 (in thousands):



Attributable to Kennametal:	Postretirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, December 31, 2015	$	(133,922	)	$	(121,702	)	$	(8,803	)	$	(264,427	)
Other comprehensive loss before reclassifications	(888		)	17,256			(637		)	15,731
Amounts reclassified from AOCL	1,219			(1,940		)	238			(483		)
Net current period other comprehensive loss	331			15,316			(399		)	15,248
AOCL, March 31, 2016	$	(133,591	)	$	(106,386	)	$	(9,202	)	$	(249,179	)

Attributable to noncontrolling interests:
Balance, December 31, 2015	$	—		$	(3,325	)	$	—		$	(3,325	)
Other comprehensive loss before reclassifications	—			527			—			527
Net current period other comprehensive loss	—			527			—			527
AOCL, March 31, 2016	$	—		$	(2,798	)	$	—		$	(2,798	)

The components of, and changes in, AOCL were as follows (net of tax) for the nine months ended March 31, 2016 (in thousands):



Attributable to Kennametal:	Postretirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2015	$	(138,793	)	$	(97,309	)	$	(7,421	)	$	(243,523	)
Other comprehensive loss before reclassifications	1,561			(24,165		)	165			(22,439		)
Amounts reclassified from AOCL	3,641			15,088			(1,946		)	16,783
Net current period other comprehensive loss	5,202			(9,077		)	(1,781		)	(5,656		)
AOCL, March 31, 2016	$	(133,591	)	$	(106,386	)	$	(9,202	)	$	(249,179	)

Attributable to noncontrolling interests:
Balance, June 30, 2015	$	—		$	(2,258	)	$	—		$	(2,258	)
Other comprehensive loss before reclassifications	—			(540		)	—			(540		)
Net current period other comprehensive loss	—			(540		)	—			(540		)
AOCL, March 31, 2016	$	—		$	(2,798	)	$	—		$	(2,798	)

The components of, and changes in, AOCL were as follows (net of tax) for the three months ended March 31, 2015 (in thousands):



Attributable to Kennametal:	Postretirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, December 31, 2014	$	(86,688	)	$	(40,637	)	$	(8,158	)	$	(135,483	)
Other comprehensive (loss) income before reclassifications	4,293			(78,233		)	3,025			(70,915		)
Amounts reclassified from AOCL	685			—			(705		)	(20		)
Net current period other comprehensive (loss) income	4,978			(78,233		)	2,320			(70,935		)
AOCL, March 31, 2015	$	(81,710	)	$	(118,870	)	$	(5,838	)	$	(206,418	)

Attributable to noncontrolling interests:
Balance, December 31, 2014	$	—		$	(1,187	)	$	—		$	(1,187	)
Other comprehensive income before reclassifications	—			(1,263		)	—			(1,263		)
Net current period other comprehensive income	—			(1,263		)	—			(1,263		)
AOCL, March 31, 2015	$	—		$	(2,450	)	$	—		$	(2,450	)

The components of, and changes in, AOCL were as follows (net of tax) for the nine months ended March 31, 2015 (in thousands):



Attributable to Kennametal:	Postretirement benefit plans			Currency translation adjustment			Derivatives			Total
Balance, June 30, 2014	$	(93,742	)	$	38,811		$	(11,200	)	$	(66,131	)
Other comprehensive loss before reclassifications	9,858			(157,681		)	5,738			(142,085		)
Amounts reclassified from AOCL	2,174			—			(376		)	1,798
Net current period other comprehensive loss	12,032			(157,681		)	5,362			(140,287		)
AOCL, March 31, 2015	$	(81,710	)	$	(118,870	)	$	(5,838	)	$	(206,418	)

Attributable to noncontrolling interests:
Balance, June 30, 2014	$	—		$	1,087		$	—		$	1,087
Other comprehensive loss before reclassifications	—			(3,537		)	—			(3,537		)
Net current period other comprehensive loss	—			(3,537		)	—			(3,537		)
AOCL, March 31, 2015	$	—		$	(2,450	)	$	—		$	(2,450	)

Reclassifications out of AOCL for the three and nine months ended March 31, 2016 and 2015 consisted of the following (in thousands):



	Three Months Ended March 31,						Nine Months Ended March 31,
Details about AOCL components	2016			2015			2016			2015			Affected line item in the Income Statement
Gains and losses on cash flow hedges:
Forward starting interest rate swaps	$	525		$	505		$	1,574		$	1,515		Interest expense
Currency exchange contracts	(141		)	(1,653		)	(4,713		)	(2,127		)	Other (income) expense, net
Total before tax	384			(1,148		)	(3,139		)	(612		)
Tax (benefit) expense	(146		)	443			1,193			236			Provision (benefit) for income taxes
Net of tax	$	238		$	(705	)	$	(1,946	)	$	(376	)

Postretirement benefit plans:
Amortization of transition obligations	$	19		$	18		$	61		$	58		See note 10 for further details
Amortization of prior service credit	(110		)	(100		)	(329		)	(296		)	See note 10 for further details
Recognition of actuarial losses	1,886			1,078			5,694			3,430			See note 10 for further details
Total before taxes	1,795			996			5,426			3,192
Tax (benefit)	(576		)	(311		)	(1,785		)	(1,018		)	Provision (benefit) for income taxes
Net of tax	$	1,219		$	685		$	3,641		$	2,174

Foreign currency translation adjustments:
Released due to divestiture	$	(1,940	)	$	—		$	15,088		$	—		Loss on divestiture
Total before taxes	(1,940		)	—			15,088			—
Tax benefit	—			—			—			—			Provision (benefit) for income taxes
Net of tax	$	(1,940	)	$	—		$	15,088		$	—

The amount of income tax allocated to each component of other comprehensive income (loss) for the three months ended March 31, 2016 and 2015:



				2016									2015
(in thousands)	Pre-tax			Tax impact			Net of tax			Pre-tax			Tax impact			Net of tax
Unrealized (loss) gain on derivatives designated and qualified as cash flow hedges	$	(1,027	)	$	390		$	(637	)	$	4,927		$	(1,902	)	$	3,025
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges	384			(146		)	238			(1,148		)	443			(705		)
Unrecognized net pension and other postretirement benefit (loss) gain	(1,332		)	444			(888		)	5,895			(1,602		)	4,293
Reclassification of net pension and other postretirement benefit loss	1,795			(576		)	1,219			996			(311		)	685
Foreign currency translation adjustments	19,432			(1,649		)	17,783			(83,881		)	4,385			(79,496		)
Reclassification of foreign currency translation adjustment loss realized upon sale	(1,940		)	—			(1,940		)	—			—			—
Other comprehensive income (loss)	$	17,312		$	(1,537	)	$	15,775		$	(73,211	)	$	1,013		$	(72,198	)

The amount of income tax allocated to each component of other comprehensive income (loss) for the nine months ended March 31, 2016 and 2015:



				2016									2015
(in thousands)	Pre-tax			Tax impact			Net of tax			Pre-tax			Tax impact			Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges	$	266		$	(101	)	$	165		$	9,345		$	(3,607	)	$	5,738
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges	(3,139		)	1,193			(1,946		)	(612		)	236			(376		)
Unrecognized net pension and other postretirement benefit gain	1,884			(323		)	1,561			13,481			(3,623		)	9,858
Reclassification of net pension and other postretirement benefit loss	5,426			(1,785		)	3,641			3,192			(1,018		)	2,174
Foreign currency translation adjustments	(25,294		)	589			(24,705		)	(170,400		)	9,182			(161,218		)
Reclassification of foreign currency translation adjustment loss realized upon sale	15,088			—			15,088			—			—			—
Other comprehensive (loss)	$	(5,769	)	$	(427	)	$	(6,196	)	$	(144,994	)	$	1,170		$	(143,824	)