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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Jun. 30, 2019
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 accumulated other comprehensive loss (AOCL) were as follows, net of tax, for the year ended June 30, 2019 (in thousands):
Attributable to Kennametal:
Postretirement benefit plans
Currency translation adjustment
Derivatives
Total
Balance, June 30, 2018
$
(187,755
)
$
(127,347
)
$
(5,223
)
$
(320,325
)
Other comprehensive loss before reclassifications
(39,639
)
(20,248
)
197

(59,690
)
Amounts Reclassified from AOCL
5,124


1,348

6,472

Net current period other comprehensive loss
(34,515
)
(20,248
)
1,545

(53,218
)
AOCL, June 30, 2019
$
(222,270
)
$
(147,595
)
$
(3,678
)
$
(373,543
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2018
$

$
(2,913
)
$

$
(2,913
)
Other comprehensive loss before reclassifications

(537
)

(537
)
Net current period other comprehensive loss

(537
)

(537
)
AOCL, June 30, 2019
$

$
(3,450
)
$

$
(3,450
)


The components of and changes in AOCL were as follows, net of tax, for the year ended June 30, 2018 (in thousands):
Attributable to Kennametal:
Postretirement benefit plans
Currency translation adjustment
Derivatives
Total
Balance, June 30, 2017
$
(189,038
)
$
(126,606
)
$
(8,048
)
$
(323,692
)
Other comprehensive loss before reclassifications
(5,991
)
(741
)
(922
)
(7,654
)
Amounts Reclassified from AOCL
7,274


3,747

11,021

Net current period other comprehensive
    income
1,283

(741
)
2,825

3,367

AOCL, June 30, 2018
$
(187,755
)
$
(127,347
)
$
(5,223
)
$
(320,325
)
 
 
 
 
 
Attributable to noncontrolling interests:
 
 
 
 
Balance, June 30, 2017
$

$
(2,164
)
$

$
(2,164
)
Other comprehensive loss before reclassifications

(749
)

(749
)
Net current period other comprehensive
    loss

(749
)

(749
)
AOCL, June 30, 2018
$

$
(2,913
)
$

$
(2,913
)


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 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 income
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 income before
reclassifications

1,282


1,282

Net current period other comprehensive income

1,282


1,282

AOCL, June 30, 2017
$

$
(2,164
)
$

$
(2,164
)
Reclassification out of Accumulated Other Comprehensive Loss
Reclassifications out of AOCL for the years ended June 30, 2019, 2018 and 2017 consisted of the following:
 
Year Ended June 30,
 
Details about AOCL components
(in thousands)
2019
2018
2017
Affected line item in the Income Statement
Gains and losses on cash flow hedges:
 
 
 
 
Forward starting interest rate swaps
$
2,352

$
2,265

$
2,180

Interest expense
Currency exchange contracts
(567
)
2,243

(623
)
Other income, net
Total before tax
1,785

4,508

1,557

 
Tax impact
(437
)
(761
)

Provision for income taxes
Net of tax
$
1,348

$
3,747

$
1,557

 
 
 
 
 
 
Postretirement benefit plans:
 
 
 
 
Amortization of transition obligations
$
91

$
94

$
89

Other income, net
Amortization of prior service credit
(109
)
26

(474
)
Other income, net
Recognition of actuarial losses
6,971

7,187

8,711

Other income, net
Total before tax
6,953

7,307

8,326

 
Tax impact
(1,829
)
(33
)
(760
)
Provision for income taxes
Net of tax
$
5,124

$
7,274

$
7,566

 
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, 2019:
(in thousands)
Pre-tax
Tax impact
Net of tax
Unrealized gain on derivatives designated and qualified as cash flow hedges
$
261

$
(64
)
$
197

Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges
1,785

(437
)
1,348

Unrecognized net pension and other postretirement benefit loss
(52,087
)
12,448

(39,639
)
Reclassification of net pension and other postretirement benefit loss
6,953

(1,829
)
5,124

Foreign currency translation adjustments
(20,881
)
96

(20,785
)
Other comprehensive income
$
(63,969
)
$
10,214

$
(53,755
)

The amount of income tax allocated to each component of other comprehensive loss for the year ended June 30, 2018:
(in thousands)
Pre-tax
Tax impact
Net of tax
Unrealized loss on derivatives designated and qualified as cash flow hedges
$
(928
)
$
6

$
(922
)
Reclassification of unrealized loss on expired derivatives designated and qualified as cash flow hedges
4,508

(761
)
3,747

Unrecognized net pension and other postretirement benefit loss
(8,043
)
2,052

(5,991
)
Reclassification of net pension and other postretirement benefit loss
7,307

(33
)
7,274

Foreign currency translation adjustments
(1,593
)
103

(1,490
)
Other comprehensive income
$
1,251

$
1,367

$
2,618


The amount of income tax allocated to each component of other comprehensive loss 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