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CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Sales $ 486,673 $ 440,507 $ 970,182 $ 840,812
Cost of goods sold 333,718 318,978 656,477 614,210
Gross profit 152,955 121,529 313,705 226,602
Operating expense 106,654 97,758 209,348 191,097
Restructuring(benefits) charges and asset impairment charges (Note 6) (3,460) 1,390 (3,270) 26,967
Gain on divestiture (Note 3) (1,001) 0 (1,001) 0
Amortization of intangibles 3,257 3,347 6,517 6,681
Operating income 47,505 19,034 102,111 1,857
Interest expense 6,460 8,317 12,781 18,896
Other income, net (3,142) (3,857) (6,601) (7,875)
Provision for (benefit from) income taxes 11,462 (5,676) 25,454 (8,554)
Net income (loss) 32,725 20,250 70,477 (610)
Less: Net income (loss) attributable to noncontrolling interests 1,304 862 2,858 1,677
Net income (loss) attributable to Kennametal $ 31,421 $ 19,388 $ 67,619 $ (2,287)
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREHOLDERS        
Basic earnings (loss) per share $ 0.38 $ 0.23 $ 0.81 $ (0.03)
Diluted earnings (loss) per share 0.37 0.23 0.80 (0.03)
Dividends per share $ 0.20 $ 0.20 $ 0.40 $ 0.40
Basic weighted average shares outstanding 83,637 83,582 83,759 83,451
Diluted weighted average shares outstanding 84,374 84,197 84,502 83,451
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $ 44,187 $ 14,574 $ 95,931 $ (9,164)
Noncontrolling Interest [Member]        
Net income (loss) $ 1,304 $ 862 $ 2,858 $ 1,677