Equity

9 Months Ended

Mar. 31, 2020

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ending March 31, 2020 and 2019 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 December 31, 2019	$	103,618		$	536,522		$	1,044,247		$	(378,219	)	$	40,859		$	1,347,027
Net income (loss)	—			—			2,917			—			(676		)	2,241
Other comprehensive loss	—			—			—			(31,978		)	(1,983		)	(33,961		)
Dividend reinvestment	2			50			—			—			—			52
Capital stock issued under employee benefit and stock plans⁽³⁾	24			74			—			—			—			98
Purchase of capital stock	(2		)	(50		)	—			—			—			(52		)
Cash dividends	—			—			(16,582		)				—			(16,582		)
Total equity, March 31, 2020	$	103,642		$	536,596		$	1,030,582		$	(410,197	)	$	38,200		$	1,298,823



	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 December 31, 2018	$	102,700		$	522,413		$	979,259		$	(334,632	)	$	38,544		$	1,308,284
Net income	—			—			68,550			—			1,578			70,128
Other comprehensive income	—			—			—			992			34			1,026
Dividend reinvestment	2			52			—			—			—			54
Capital stock issued under employee benefit and stock plans⁽³⁾	258			2,029			—			—			—			2,287
Purchase of capital stock	(2		)	(52		)	—			—			—			(54		)
Additions to noncontrolling interest	—			—			—			—			443			443
Cash dividends	—			—			(16,448		)	—			(315		)	(16,763		)
Total equity, March 31, 2019	$	102,958		$	524,442		$	1,031,361		$	(333,640	)	$	40,284		$	1,365,405

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the nine months ending March 31, 2020 and 2019 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, 2019	$	103,026		$	528,827		$	1,076,862		$	(373,543	)	$	39,532		$	1,374,704
Net income (loss)	—			—			3,445			—			(23		)	3,422
Other comprehensive loss	—			—			—			(36,654		)	(2,836		)	(39,490		)
Dividend reinvestment	6			151			—			—			—			157
Capital stock issued under employee benefit and stock plans⁽³⁾	616			7,769			—			—			—			8,385
Purchase of capital stock	(6		)	(151		)	—			—			—			(157		)
Additions to noncontrolling interest	—			—			—			—			1,527			1,527
Cash dividends	—			—			(49,725		)	—			—			(49,725		)
Total equity, March 31, 2020	$	103,642		$	536,596		$	1,030,582		$	(410,197	)	$	38,200		$	1,298,823



	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, 2018	$	102,058		$	511,909		$	900,683		$	(320,325	)	$	36,002		$	1,230,327
Net income	—			—			179,946			—			4,852			184,798
Other comprehensive loss	—			—			—			(13,315		)	(698		)	(14,013		)
Dividend reinvestment	5			156			—			—			—			161
Capital stock issued under employee benefit and stock plans⁽³⁾	900			12,533			—			—			—			13,433
Purchase of capital stock	(5		)	(156		)	—			—			—			(161		)
Additions to noncontrolling interest	—			—			—			—			443			443
Cash dividends	—			—			(49,268		)	—			(315		)	(49,583		)
Total equity, March 31, 2019	$	102,958		$	524,442		$	1,031,361		$	(333,640	)	$	40,284		$	1,365,405

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

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