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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]  
Components of Accumulated Other Comprehensive I(Loss) Income [Table Text Block]

The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2017 (in thousands):
Attributable to Kennametal:
Postretirement benefit plans
Currency translation adjustment
Derivatives
Total
Balance, June 30, 2016
$
(212,163
)
$
(131,212
)
$
(9,134
)
$
(352,509
)
Other comprehensive (loss) income before reclassifications
15,559

4,606

(471
)
19,694

Amounts Reclassified from AOCL
7,566


1,557

9,123

Net current period other comprehensive loss
23,125

4,606

1,086

28,817

AOCL, June 30, 2017
$
(189,038
)
$
(126,606
)
$
(8,048
)
$
(323,692
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2016
$

$
(3,446
)
$

$
(3,446
)
Other comprehensive loss before reclassifications

1,282


1,282

Net current period other comprehensive loss

1,282


1,282

AOCL, June 30, 2017
$

$
(2,164
)
$

$
(2,164
)


The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2016 (in thousands):
Attributable to Kennametal:
Postretirement benefit plans
Currency translation adjustment
Derivatives
Total
Balance, June 30, 2015
$
(138,793
)
$
(97,309
)
$
(7,421
)
$
(243,523
)
Other comprehensive (loss) income before reclassifications
(78,295
)
(51,508
)
(150
)
(129,953
)
Amounts Reclassified from AOCL
4,925

15,088

(1,563
)
18,450

Net current period other comprehensive loss
(73,370
)
(36,420
)
(1,713
)
(111,503
)
Sale of subsidiary stock to noncontrolling interest

2,517


$
2,517

AOCL, June 30, 2016
$
(212,163
)
$
(131,212
)
$
(9,134
)
$
(352,509
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2015
$

$
(2,258
)
$

$
(2,258
)
Other comprehensive income before reclassifications

(1,188
)

(1,188
)
Net current period other comprehensive loss

(1,188
)

(1,188
)
AOCL, June 30, 2016
$

$
(3,446
)
$

$
(3,446
)


The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2015 (in thousands):
Attributable to Kennametal:
Postretirement benefit plans
Currency translation adjustment
Derivatives
Total
Balance, June 30, 2014
$
(93,742
)
$
38,811

$
(11,200
)
$
(66,131
)
Other comprehensive income (loss) before reclassifications
(47,982
)
(136,120
)
6,652

(177,450
)
Amounts Reclassified from AOCL
2,931


(2,873
)
58

Net current period other comprehensive loss
(45,051
)
(136,120
)
3,779

(177,392
)
AOCL, June 30, 2015
$
(138,793
)
$
(97,309
)
$
(7,421
)
$
(243,523
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2014
$

$
1,087

$

$
1,087

Other comprehensive loss before
reclassifications

(3,345
)

(3,345
)
Net current period other comprehensive loss

(3,345
)

(3,345
)
AOCL, June 30, 2015
$

$
(2,258
)
$

$
(2,258
)
Reclassification out of Accumulated Other Comprehensive Loss
Reclassifications out of AOCL for the years ended June 30, 2017, 2016 and 2015 consisted of the following:
 
Year Ended June 30,
 
Details about AOCL components
(in thousands)
2017
2016
2015
Affected line item in the Income Statement
Gains and losses on cash flow hedges:
 
 
 
 
Forward starting interest rate swaps
$
2,180

$
2,099

$
2,021

Interest expense
Currency exchange contracts
(623
)
(4,645
)
(6,700
)
Other expense (income), net
Total before tax
1,557

(2,546
)
(4,679
)
 
Tax impact

983

1,806

Provision (benefit) for income taxes
Net of tax
$
1,557

$
(1,563
)
$
(2,873
)
 
 
 
 
 
 
Postretirement benefit plans:
 
 
 
 
Amortization of transition obligations
$
89

$
80

$
78

See Note 13 for further details
Amortization of prior service credit
(474
)
(439
)
(420
)
See Note 13 for further details
Recognition of actuarial losses
8,711

7,610

4,163

See Note 13 for further details
Total before tax
8,326

7,251

3,821

 
Tax impact
(760
)
(2,326
)
(890
)
Provision (benefit) for income taxes
Net of tax
$
7,566

$
4,925

$
2,931

 
 
 
 
 
 
Foreign currency translation adjustments:
 
 
 
 
Released due to divestiture
$

$
15,088

$

Loss on divestiture
Total before taxes

15,088


 
Tax impact



Provision (benefit) for income taxes
Net of tax
$

$
15,088

$

 
Amount of Income Tax (Expense) Benefit Allocated to Each Component of Other Comprehensive Income (Loss) [Table Text Block]
The amount of income tax allocated to each component of other comprehensive income for the year ended June 30, 2017:
(in thousands)
Pre-tax
Tax impact
Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges
$
(471
)
$

$
(471
)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges
1,557


1,557

Unrecognized net pension and other postretirement benefit gain
18,656

(3,097
)
15,559

Reclassification of net pension and other postretirement benefit loss
8,326

(760
)
7,566

Foreign currency translation adjustments
6,266

(378
)
5,888

Other comprehensive income
$
34,334

$
(4,235
)
$
30,099


The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2016:
(in thousands)
Pre-tax
Tax impact
Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges
$
(244
)
$
94

$
(150
)
Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges
(2,546
)
983

(1,563
)
Unrecognized net pension and other postretirement benefit loss
(84,266
)
5,971

(78,295
)
Reclassification of net pension and other postretirement benefit loss
7,251

(2,326
)
4,925

Foreign currency translation adjustments
(52,699
)
4

(52,695
)
Reclassification of foreign currency translation adjustment loss realized upon sale
15,088


15,088

Other comprehensive loss
$
(117,416
)
$
4,726

$
(112,690
)

The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2015:
(in thousands)
Pre-tax
Tax impact
Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges
$
10,834

$
(4,182
)
$
6,652

Reclassification of unrealized gain on expired derivatives designated and qualified as cash flow hedges
(4,679
)
1,806

(2,873
)
Unrecognized net pension and other postretirement benefit loss
(76,029
)
28,047

(47,982
)
Reclassification of net pension and other postretirement benefit loss
3,821

(890
)
2,931

Foreign currency translation adjustments
(147,172
)
7,707

(139,465
)
Other comprehensive loss
$
(213,225
)
$
32,488

$
(180,737
)