Equity

9 Months Ended

Mar. 31, 2022

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 ending March 31, 2022 and 2021 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 December 31, 2021	$	103,842	$	534,592	$	1,026,756	$	(349,168)	$	40,551	$	1,356,573
Net income	—		—		35,295		—		1,583		36,878
Other comprehensive loss	—		—		—		(4,107)		(457)		(4,564)
Dividend reinvestment	2		45		—		—		—		47
Capital stock issued under employee benefit and stock plans(3)	31		4,457		—		—		—		4,488
Purchase of capital stock	(577)		(14,437)		—		—		—		(15,014)
Cash dividends ($0.20 per share)	—		—		(16,606)		—		—		(16,606)
Total equity, March 31, 2022	$	103,298	$	524,657	$	1,045,445	$	(353,275)	$	41,677	$	1,361,802

	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 December 31, 2020	$	104,330	$	547,754	$	969,301	$	(342,231)	$	40,535	$	1,319,689
Net income	—		—		21,621		—		1,364		22,985
Other comprehensive loss	—		—		—		(16,572)		(730)		(17,302)
Dividend reinvestment	2		48		—		—		—		50
Capital stock issued under employee benefit and stock plans(3)	148		8,768		—		—		—		8,916
Purchase of capital stock	(2)		(48)		—		—		—		(50)
Cash dividends ($0.20 per share)	—		—		(16,707)		—		—		(16,707)
Total equity, March 31, 2021	$	104,478	$	556,522	$	974,215	$	(358,803)	$	41,169	$	1,317,581

(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 nine months ending March 31, 2022 and 2021 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 June 30, 2021	$	104,518	$	562,820	$	992,597	$	(330,327)	$	38,597	$	1,368,205
Net income	—		—		102,913		—		4,443		107,356
Other comprehensive loss	—		—		—		(22,948)		(1,363)		(24,311)
Dividend reinvestment	5		137		—		—		—		142
Capital stock issued under employee benefit and stock plans(3)	543		10,454		—		—		—		10,997
Purchase of capital stock	(1,768)		(48,754)		—		—		—		(50,522)
Cash dividends ($0.60 per share)	—		—		(50,065)		—		—		(50,065)
Total equity, March 31, 2022	$	103,298	$	524,657	$	1,045,445	$	(353,275)	$	41,677	$	1,361,802

	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 June 30, 2020	$	103,654	$	538,575	$	1,004,898	$	(417,242)	$	38,903	$	1,268,788
Net income	—		—		$	19,333	—		3,042		22,375
Other comprehensive income	—		—		—		58,439		1,904		60,343
Dividend reinvestment	6		144		—		—		—		150
Capital stock issued under employee benefit and stock plans(3)	824		18,258		—		—		—		19,082
Purchase of capital stock	(6)		(144)		—		—		—		(150)
Cash dividends ($0.60 per share)	—		—		(50,016)		—		—		(50,016)
Cash dividends to non-controlling interests	—		—		—		—		(1,361)		(1,361)
Other	—		(311)		—		—		(1,319)		(1,630)
Total equity, March 31, 2021	$	104,478	$	556,522	$	974,215	$	(358,803)	$	41,169	$	1,317,581

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

The amounts of comprehensive income attributable to Kennametal Shareholders and noncontrolling interests are disclosed in the condensed consolidated statements of comprehensive income.