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Accumulated Other Comprehensive Loss (Tables)
 6 Months Ended
Dec. 31, 2019
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of, and changes in accumulated other comprehensive loss
The components of, and changes in, accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the six months ended December 31, 2019:
(in thousands)
Pension and other postretirement benefits
Currency translation adjustment
Derivatives
Total
Attributable to Kennametal:
 
 
 
 
Balance, June 30, 2019
$
(222,270
)
$
(147,595
)
$
(3,678
)
$
(373,543
)
Other comprehensive (loss) income before reclassifications
(449
)
(8,821
)
856

(8,414
)
Amounts reclassified from AOCL
3,950

—

(212
)
3,738

Net current period other comprehensive
  income (loss)
3,501

(8,821
)
644

(4,676
)
AOCL, December 31, 2019
$
(218,769
)
$
(156,416
)
$
(3,034
)
$
(378,219
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2019
$
—

$
(3,450
)
$
—

$
(3,450
)
Other comprehensive loss before
  reclassifications
—

(853
)
—

(853
)
Net current period other comprehensive loss
—

(853
)
—

(853
)
AOCL, December 31, 2019
$
—

$
(4,303
)
$
—

$
(4,303
)


The components of, and changes in, AOCL were as follows, net of tax, for the six months ended December 31, 2018:
(in thousands)
Pension and other postretirement benefits
Currency translation adjustment
Derivatives
Total
Attributable to Kennametal:
 
 
 
 
Balance, June 30, 2018
$
(187,755
)
$
(127,347
)
$
(5,223
)
$
(320,325
)
Other comprehensive income (loss) before reclassifications
1,194

(18,873
)
(91
)
(17,770
)
Amounts reclassified from AOCL
2,606

—

857

3,463

Net current period other comprehensive
  income (loss)
3,800

(18,873
)
766

(14,307
)
AOCL, December 31, 2018
$
(183,955
)
$
(146,220
)
$
(4,457
)
$
(334,632
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2018
$
—

$
(2,913
)
$
—

$
(2,913
)
Other comprehensive loss before
  reclassifications
—

(732
)
—

(732
)
Net current period other comprehensive loss
—

(732
)
—

(732
)
AOCL, December 31, 2018
$
—

$
(3,645
)
$
—

$
(3,645
)
Reclassification out of Accumulated Other Comprehensive Loss
Reclassifications out of AOCL for the three and six months ended December 31, 2019 and 2018 consisted of the following:
 
Three Months Ended December 31,
Six Months Ended December 31,
 
 
(in thousands)
2019
 
2018
2019
 
2018
 
Affected line item in the Income Statement
Gains and losses on cash flow hedges:
 
 
 
 
 
 
 
 
Forward starting interest rate swaps
$
611

 
$
588

$
1,222

 
$
1,176

 
Interest expense
Currency exchange contracts
(1,132
)
 
(241
)
(1,503
)
 
(41
)
 
Cost of goods sold and other income, net
Total before tax
(521
)
 
347

(281
)
 
1,135

 
 
Tax impact
128

 
(85
)
69

 
(278
)
 
(Benefit) provision for income taxes
Net of tax
$
(393
)
 
$
262

$
(212
)
 
$
857

 
 
 
 
 
 
 
 
 
 
 
Pension and other postretirement benefits:
 
 
 
 
 
 
 
 
Amortization of transition obligations
$
22

 
$
23

$
44

 
$
45

 
Other income, net
Amortization of prior service credit
(56
)
 
(27
)
(113
)
 
(55
)
 
Other income, net
Recognition of actuarial losses
2,649

 
1,741

5,308

 
3,498

 
Other income, net
Total before tax
2,615

 
1,737

5,239

 
3,488

 
 
Tax impact
(625
)
 
(439
)
(1,289
)
 
(882
)
 
(Benefit) provision for income taxes
Net of tax
$
1,990

 
$
1,298

$
3,950

 
$
2,606

 
 
Income Tax Allocated to Each Component of Other Comprehensive Income [Table Text Block]
The amount of income tax allocated to each component of other comprehensive income (loss) for the three months ended December 31, 2019 and 2018 were as follows:
 
 
2019
 
 
 
 
2018
 
(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
$
611

$
(150
)
$
461

 
 
$
225

$
(55
)
$
170

Reclassification of unrealized (gain) loss on derivatives designated and qualified as cash flow hedges
(521
)
128

(393
)
 
 
347

(85
)
262

Unrecognized net pension and other postretirement benefit (loss) gain
(3,887
)
831

(3,056
)
 
 
1,134

(263
)
871

Reclassification of net pension and other postretirement benefit loss
2,615

(625
)
1,990

 
 
1,737

(439
)
1,298

Foreign currency translation adjustments
25,871

(120
)
25,751

 
 
(3,407
)
7

(3,400
)
Other comprehensive income (loss)
$
24,689

$
64

$
24,753

 
 
$
36

$
(835
)
$
(799
)

The amount of income tax allocated to each component of other comprehensive loss for the six months ended December 31, 2019 and 2018 were as follows:
 
 
2019
 
 
 
 
2018
 
(in thousands)
Pre-tax
Tax impact
Net of tax
 
 
Pre-tax
Tax impact
Net of tax
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges
$
1,134

$
(278
)
$
856

 
 
$
(121
)
$
30

$
(91
)
Reclassification of unrealized (gain) loss on derivatives designated and qualified as cash flow hedges
(281
)
69

(212
)
 
 
1,135

(278
)
857

Unrecognized net pension and other postretirement benefit (loss) gain
(418
)
(31
)
(449
)
 
 
1,551

(357
)
1,194

Reclassification of net pension and other postretirement benefit loss
5,239

(1,289
)
3,950

 
 
3,488

(882
)
2,606

Foreign currency translation adjustments
(9,707
)
33

(9,674
)
 
 
(19,679
)
74

(19,605
)
Other comprehensive loss
$
(4,033
)
$
(1,496
)
$
(5,529
)
 
 
$
(13,626
)
$
(1,413
)
$
(15,039
)