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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Jun. 30, 2023
Current assets:    
Cash and cash equivalents $ 127,971 $ 106,021
Accounts receivable, less allowance for doubtful accounts of $8,759 and $9,422, respectively 302,810 307,313
Inventories (Note 7) 514,632 557,630
Other current assets 57,179 55,825
Total current assets 1,002,592 1,026,789
Property, plant and equipment:    
Land and buildings 415,376 416,291
Machinery and equipment 1,992,001 1,951,535
Less accumulated depreciation (1,469,314) (1,398,758)
Property, plant and equipment, net 938,063 969,068
Other assets:    
Goodwill (Note 8) 271,567 269,551
Other intangible assets, less accumulated amortization of $173,346 and $160,699, respectively (Note 8) 81,421 93,164
Operating lease right-of-use assets (Note 9) 48,142 43,036
Deferred income taxes (Note 13) 79,333 65,519
Long-term prepaid pension benefit (Note 14) 70,016 70,567
Other 12,624 9,540
Total other assets 563,103 551,377
Total assets 2,503,758 2,547,234
Current liabilities:    
Revolving and other lines of credit and notes payable (Note 12) 1,377 689
Current operating lease liabilities (Note 9) 12,766 11,379
Accounts payable 191,541 203,341
Accrued income taxes 13,152 25,143
Accrued vacation pay 12,370 14,501
Accrued payroll 40,643 41,134
Other current liabilities (Note 10) 144,112 137,788
Total current liabilities 415,961 433,975
Long-term debt, less current maturities (Note 11) 595,980 595,172
Operating lease liabilities (Note 9) 35,631 32,178
Deferred income taxes (Note 13) 36,171 32,062
Accrued postretirement benefits (Note 14) 6,334 6,800
Accrued pension benefits (Note 14) 103,581 108,736
Accrued income taxes 1,484 1,446
Other liabilities 20,017 22,697
Total liabilities 1,215,159 1,233,066
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 97,361 99,794
Additional paid-in capital 416,620 465,406
Retained earnings 1,170,482 1,124,590
Accumulated other comprehensive loss (Note 15) (434,588) (414,343)
Total Kennametal Shareholders' Equity 1,249,875 1,275,447
Noncontrolling interests 38,724 38,721
Total equity 1,288,599 1,314,168
Total liabilities and equity $ 2,503,758 $ 2,547,234