Equity

6 Months Ended

Dec. 31, 2023

Equity [Abstract]

EQUITY

EQUITY

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 ended December 31, 2023 and 2022 is as follows:

	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of September 30, 2023	$	99,773	$	453,385	$	1,138,712	$	(431,512)	$	38,393	$	1,298,751
Net income	—		—		23,108				1,220		24,328
Other comprehensive income	—		—		—		30,191		668		30,859
Dividend reinvestment	2		43		—						45
Capital stock issued under employee benefit and stock plans(3)	80		4,979		—						5,059
Purchase of capital stock	(784)		(14,245)		—						(15,029)
Cash dividends ($0.20 per share)	—		—		(15,909)		—		—		(15,909)
Total equity, December 31, 2023	$	99,071	$	444,162	$	1,145,911	$	(401,321)	$	40,281	$	1,328,104

	Kennametal Shareholders’ Equity
(in thousands, except per share amounts)	Capital stock		Additional paid-in capital		Retained earnings		Accumulated other comprehensive loss		Non-controlling interests		Total equity
Balance as of September 30, 2022	$	101,095	$	478,930	$	1,082,575	$	(461,197)	$	36,942	$	1,238,345
Net income	—		—		21,899		—		1,025		22,924
Other comprehensive income	—		—		—		49,021		1,067		50,088
Dividend reinvestment	2		45		—		—		—		47
Capital stock issued under employee benefit and stock plans(3)	131		4,453		—		—		—		4,584
Purchase of capital stock	(587)		(10,105)		—		—		—		(10,692)
Cash dividends ($0.20 per share)	—		—		(16,095)		—		—		(16,095)
Total equity, December 31, 2022	$	100,641	$	473,323	$	1,088,379	$	(412,176)	$	39,034	$	1,289,201

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

A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the six months ended December 31, 2023 and 2022 is as follows: