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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2023
Jun. 30, 2022
Current assets:    
Cash and cash equivalents $ 106,021 $ 85,586
Accounts receivable, less allowance for doubtful accounts of $8,759 and $9,422, respectively 307,313 295,346
Inventories (Note 7) 557,630 570,836
Other current assets 55,825 72,940
Total current assets 1,026,789 1,024,708
Property, plant and equipment:    
Land and buildings 416,291 410,039
Machinery and equipment 1,951,535 1,904,872
Less accumulated depreciation (1,398,758) (1,312,870)
Property, plant and equipment, net 969,068 1,002,041
Other assets:    
Goodwill (Note 8) 269,551 264,230
Other intangible assets, less accumulated amortization of $173,346 and $160,699, respectively (Note 8) 93,164 105,725
Operating lease right-of-use assets (Note 9) 43,036 47,206
Deferred income taxes (Note 13) 65,519 54,602
Long-term prepaid pension benefit (Note 14) 70,567 66,433
Other 9,540 8,579
Total other assets 551,377 546,775
Total assets 2,547,234 2,573,524
Current liabilities:    
Revolving and other lines of credit and notes payable (Note 12) 689 21,186
Current operating lease liabilities (Note 9) 11,379 12,387
Accounts payable 203,341 227,887
Accrued income taxes 25,143 29,476
Accrued vacation pay 14,501 15,340
Accrued payroll 41,134 40,970
Other current liabilities (Note 10) 137,788 138,403
Total current liabilities 433,975 485,649
Long-term debt, less current maturities (Note 11) 595,172 594,364
Operating lease liabilities (Note 9) 32,178 35,342
Deferred income taxes (Note 13) 32,062 32,185
Accrued postretirement benefits (Note 14) 6,800 7,924
Accrued pension benefits (Note 14) 108,736 105,071
Accrued income taxes 1,446 6,369
Other liabilities 22,697 15,373
Total liabilities 1,233,066 1,282,277
Commitments and contingencies (Note 20)
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; 79,835 and 81,337 shares issued, respectively 99,794 101,671
Additional paid-in capital 465,406 494,202
Retained earnings 1,124,590 1,070,655
Accumulated other comprehensive loss (Note 15) (414,343) (413,951)
Total Kennametal Shareholders' Equity 1,275,447 1,252,577
Noncontrolling interests 38,721 38,670
Total equity 1,314,168 1,291,247
Total liabilities and equity $ 2,547,234 $ 2,573,524