EQUITY

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests as of September 30, 2017 and 2016 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, 2017	$	100,832		$	474,547		$	765,607		$	(323,692	)	$	35,359	$	1,052,653
Net income	—			—			39,183			—			455		39,638
Other comprehensive income	—			—			—			19,175			284		19,459
Dividend reinvestment	2			53			—			—			—		55
Capital stock issued under employee benefit and stock plans⁽³⁾	376			2,143			—			—			—		2,519
Purchase of capital stock	(2		)	(53		)	—			—			—		(55		)
Cash dividends paid	—			—			(16,191		)	—			—		(16,191		)
Balance as of September 30, 2017	$	101,208		$	476,690		$	788,599		$	(304,517	)	$	36,098	$	1,098,078



	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, 2016	$	99,618		$	436,617		$	780,597		$	(352,509	)	$	31,478	$	995,801
Net (loss) income	—			—			(21,656		)	—			455		(21,201		)
Other comprehensive income	—			—			—			3,474			415		3,889
Dividend reinvestment	3			60			—			—			—		63
Capital stock issued under employee benefit and stock plans⁽³⁾	290			6,609			—			—			—		6,899
Purchase of capital stock	(3		)	(60		)	—			—			—		(63		)
Cash dividends paid	—			—			(15,980		)	—			—		(15,980		)
Balance as of September 30, 2016	$	99,908		$	443,226		$	742,961		$	(349,035	)	$	32,348	$	969,408

(3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements.

The amounts of comprehensive loss attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive income.