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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Sales $ 505,080 $ 587,394 $ 1,023,168 $ 1,174,080
Cost of goods sold 373,062 388,796 752,170 764,389
Gross profit 132,018 198,598 270,998 409,691
Operating expense 107,548 114,635 221,739 237,920
Restructuring and asset impairment charges (Notes 7 and 18) 62,329 1,545 66,995 2,620
Loss on divestiture (Note 4) 6,517 0 6,517 0
Amortization of intangibles 3,262 3,560 7,008 7,141
Operating (loss) income (47,638) 78,858 (31,261) 162,010
Interest expense 8,055 8,104 15,936 16,201
Other income, net (4,211) (4,022) (6,891) (6,782)
(Loss) income before income taxes (51,482) 74,776 (40,306) 152,591
(Benefit) provision for income taxes (45,253) 18,529 (41,487) 37,921
Net (loss) income (6,229) 56,247 1,181 114,670
Less: Net (loss) income attributable to noncontrolling interests (290) 1,549 653 3,274
Net (loss) income attributable to Kennametal $ (5,939) $ 54,698 $ 528 $ 111,396
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS        
Basic (loss) earnings per share $ (0.07) $ 0.66 $ 0.01 $ 1.35
Diluted (loss) earnings per share (0.07) 0.66 0.01 1.34
Dividends per share $ 0.20 $ 0.20 $ 0.40 $ 0.40
Basic weighted average shares outstanding 83,075 82,331 82,979 82,218
Diluted weighted average shares outstanding 83,075 83,310 83,618 83,233
Noncontrolling Interest [Member]        
Net (loss) income $ (290) $ 1,549 $ 653 $ 3,274