CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2020	Jun. 30, 2019
Current assets:
Cash and cash equivalents	$ 606,684	$ 182,015
Accounts receivable, less allowance for doubtful accounts of $9,430 and $10,083, respectively	237,983	379,855
Inventories	522,447	571,576
Other current assets	73,698	57,381
Total current assets	1,440,812	1,190,827
Property, plant and equipment:
Land and buildings	360,256	351,142
Machinery and equipment	1,913,967	1,804,871
Less accumulated depreciation	(1,235,952)	(1,221,118)
Property, plant and equipment, net	1,038,271	934,895
Other assets:
Goodwill	270,580	300,011
Other intangible assets, less accumulated amortization of $137,386 and $158,507, respectively	132,568	160,998
Operating lease right-of-use assets	48,035
Deferred income taxes	46,782	20,507
Long-term prepaid pension benefit	43,116	31,581
Other	17,427	17,450
Total other assets	558,508	530,547
Total assets	3,037,591	2,656,269
Current liabilities:
Revolving and other lines of credit and notes payable to banks	500,368	157
Current operating lease liabilities	13,246
Accounts payable	164,641	212,908
Accrued income taxes	27,938	29,223
Accrued vacation pay	16,263	17,422
Accrued payroll	31,347	59,194
Other current liabilities	144,277	142,822
Total current liabilities	898,080	461,726
Long-term debt, less current maturities	594,083	592,474
Operating lease liabilities	35,372
Deferred income taxes	21,796	23,322
Accrued postretirement benefits	11,012	11,174
Accrued pension benefits	164,446	162,829
Accrued income taxes	9,584	9,038
Other liabilities	34,430	21,002
Total liabilities	1,768,803	1,281,565
Commitments and contingencies
Kennametal Shareholders' Equity:
Preferred stock, no par value; 5,000 shares authorized; none issued	0	0
Capital stock, $1.25 par value; 120,000 shares authorized; 82,923 and 82,421 shares issued respectively	103,654	103,026
Additional paid-in capital	538,575	528,827
Retained earnings	1,004,898	1,076,862
Accumulated other comprehensive loss	(417,242)	(373,543)
Total Kennametal Shareholders' Equity	1,229,885	1,335,172
Noncontrolling interests	38,903	39,532
Total equity	1,268,788	1,374,704
Total liabilities and equity	$ 3,037,591	$ 2,656,269