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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Sales $ 483,084 $ 597,204 $ 1,506,252 $ 1,771,285
Cost of goods sold 326,066 389,118 1,078,236 1,153,509
Gross profit 157,018 208,086 428,016 617,776
Operating expense 98,534 120,135 320,273 358,054
Restructuring and asset impairment charges (Notes 7 and 18) 17,187 2,440 84,182 5,061
Loss on divestiture (Note 4) 0 0 6,517 0
Amortization of intangibles 3,404 3,640 10,413 10,780
Operating income 37,893 81,871 6,631 243,881
Interest expense 7,897 8,104 23,834 24,305
Other income, net (2,438) (4,993) (9,330) (11,775)
Income (loss) before income taxes 32,434 78,760 (7,873) 231,351
Provision (benefit) for income taxes 30,193 8,632 (11,295) 46,553
Net income 2,241 70,128 3,422 184,798
Less: Net (loss) income attributable to noncontrolling interests (676) 1,578 (23) 4,852
Net income attributable to Kennametal $ 2,917 $ 68,550 $ 3,445 $ 179,946
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS        
Basic earnings per share $ 0.04 $ 0.83 $ 0.04 $ 2.19
Diluted earnings per share 0.03 0.82 0.04 2.16
Dividends per share $ 0.20 $ 0.20 $ 0.60 $ 0.60
Basic weighted average shares outstanding 83,106 82,479 83,022 82,305
Diluted weighted average shares outstanding 83,696 83,339 83,589 83,266
Noncontrolling Interest [Member]        
Net income $ (676) $ 1,578 $ (23) $ 4,852