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Document and Entity Information - USD ($)	12 Months Ended
Document and Entity Information - USD ($)	Jun. 30, 2013	Jul. 31, 2013	Dec. 31, 2012
Document and Entity Information [Abstract]
Entity Registrant Name	KENNAMETAL INC
Entity Central Index Key	0000055242
Document Type	10-K
Document Period End Date	Jun. 30, 2013
Amendment Flag	false
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 2,462,200,000
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		77,847,831

Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Income Statement [Abstract]
Sales	$ 2,589,373	$ 2,736,246	$ 2,403,493
Cost of goods sold	1,744,369	1,741,996	1,519,102
Gross profit	845,004	994,250	884,391
Operating expense	527,850	561,490	538,530
Restructuring charges (Note 14)	0	0	12,586
Amortization of intangibles	20,760	16,351	11,602
Operating income	296,394	416,409	321,673
Interest expense	27,472	27,215	22,760
Other expense (income), net	2,313	(775)	2,780
Income before income taxes	266,609	389,969	296,133
Provision for income taxes	59,693	79,136	63,856
Net income	206,916	310,833	232,277
Less: Net income attributable to noncontrolling interests	3,651	3,603	2,550
Net income attributable to Kennametal	$ 203,265	$ 307,230	$ 229,727
PER SHARE DATA ATTRIBUTABLE TO KENNAMETAL SHAREOWNERS
Basic earning per share	$ 2.56	$ 3.83	$ 2.80
Diluted earning per share	2.52	3.77	2.76
Dividends per share	$ 0.64	$ 0.54	$ 0.48
Basic weighted average shares outstanding	79,463	80,216	82,063
Diluted weighted average shares outstanding	80,612	81,439	83,173

Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Statement of Other Comprehensive Income [Abstract]
Net income	$ 206,916	$ 310,833	$ 232,277
Unrealized loss on derivatives designated and qualified as cash flow hedges, net of income tax benefit	(611)	(11,165)	(820)
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges, net of income tax benefit (expense)	1,377	(186)	783
Unrecognized net pension and other postretirement benefit gain (loss), net of income tax (expense) benefit	39,376	(90,686)	28,087
Reclassification of net pension and other postretirement benefit losses, net of income tax benefit	9,679	5,964	7,131
Foreign currency translation adjustments, net of income tax benefit (expense)	9,223	(140,797)	122,358
Total comprehensive income	265,960	73,963	389,816
Less: comprehensive income (loss) attributable to noncontrolling interests	3,101	(76)	4,779
Comprehensive income attributable to Kennametal Shareowners	$ 262,859	$ 74,039	$ 385,037

Consolidated Statements of Comprehensive Income Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges, Tax (expense) benefit	$ 0.4	$ 7.0	$ 0.5
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges, Tax benefit (expense)	0.9	(0.1)	0.5
Unrecognized net pension and other postretirement benefit gain (loss), Tax (expense) benefit	0.0	50.6	(11.9)
Reclassification of net pension and other postretirement benefit loss, Tax benefit	30.5	3.0	3.9
Foreign currency translation adjustments, Tax benefit (expense)	$ (7.3)	$ 84.0	$ (21.4)

- Definition

Tax effect of the income statement impact of the reclassification adjustment of accumulated gain (loss) from derivative instruments designated and qualifying as the effective portion of cash flow hedges realized in net income. Also includes reclassification adjustments of an entity's share of an equity investee's deferred hedging gain (loss) realized in net income.

+ References + Details

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Current assets:
Cash and cash equivalents	$ 377,316	$ 116,466
Accounts receivable, less allowance for doubtful accounts of $0 and $12,530	445,322	478,989
Inventories (Note 7)	578,795	585,856
Deferred income taxes (Note 11)	49,707	51,017
Other current assets	48,333	50,634
Total current assets	1,499,473	1,282,962
Property, plant and equipment:
Land and buildings	381,215	379,034
Machinery and equipment	1,466,942	1,396,359
Less accumulated depreciation	(1,106,675)	(1,033,192)
Property, plant and equipment, net	741,482	742,201
Other assets:
Investments in affiliated companies	671	685
Goodwill (Note 2)	721,755	719,350
Other intangible assets, less accumulated amortization of $0 and $89,886 (Note 2)	222,765	243,487
Deferred income taxes (Note 11)	39,590	25,205
Other	75,303	20,298
Total other assets	1,060,084	1,009,025
Total assets	3,301,039	3,034,188
Current liabilities:
Current maturities of long-term debt and capital leases (Note 9)	3,738	33,572
Notes payable to banks (Note 10)	40,581	41,565
Accounts payable	190,623	219,475
Accrued income taxes	19,471	39,270
Accrued vacation pay	39,410	35,987
Accrued payroll	49,023	61,190
Other current liabilities (Note 8)	124,747	147,563
Total current liabilities	467,593	578,622
Long-term debt and capital leases, less current maturities (Note 9)	703,626	490,608
Deferred income taxes (Note 11)	102,935	69,134
Accrued postretirement benefits (Note 12)	19,461	22,766
Accrued pension benefits (Note 12)	142,784	167,981
Accrued income taxes (Note 11)	27,530	3,964
Other liabilities	24,817	32,892
Total liabilities	1,488,746	1,365,967
Commitments and contingencies (Note 18(
Kennametal Shareowners' Equity:
Preferred stock, no par value; 5,000 shares authorized; none issued
Capital stock, $1.25 par value; 120,000 shares authorized; 0 and 80,085 shares issued	97,303	100,106
Additional paid-in capital	374,300	447,433
Retained earnings	1,399,227	1,246,973
Accumulated other comprehensive loss	89,004	150,662
Total Kennametal Shareowners' Equity	1,781,826	1,643,850
Noncontrolling interests	30,467	24,371
Total equity	1,812,293	1,668,221
Total liabilities and equity	$ 3,301,039	$ 3,034,188

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Statement of Financial Position [Abstract]
Allowance for doubtful accounts	$ 11,949	$ 12,530
Accumulated amortization on other intangible assets	$ 111,440	$ 89,886
Preferred stock, par value	$ 0	$ 0
Preferred stock, shares authorized	5,000	5,000
Preferred stock, shares issued	0	0
Capital stock, par value	$ 1.25	$ 1.25
Capital stock, shares authorized	120,000	120,000
Capital stock, shares issued	77,842	80,085

Consolidated Statements of Cash Flow (Unaudited) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
OPERATING ACTIVITIES
Net income	$ 206,916	$ 310,833	$ 232,277
Adjustments for non-cash items:
Depreciation	92,344	87,722	81,869
Amortization	20,760	16,351	11,602
Stock-based compensation expense	21,874	21,500	18,852
Restructuring charges			2,914
Deferred income tax provision (benefit)	232	28,602	(7,881)
Other	2,577	(12,702)	(9,872)
Changes in certain assets and liabilities:
Accounts receivable	33,801	(10,891)	(89,153)
Inventories	5,879	(63,833)	(124,082)
Accounts payable and accrued liabilities	(90,449)	(57,003)	100,325
Accrued income taxes	949	(14,157)	22,158
Other	(10,733)	(16,842)	(8,212)
Net cash flow provided by operating activities	284,150	289,580	230,797
INVESTING ACTIVITIES
Capital Expenditures	(82,835)	(103,036)	(83,442)
Disposals of property, plant and equipment	3,016	6,886	9,755
Business acquisition, net of cash acquired (Note 5)	(500)	(382,562)	0
Purchase of technology license	0	(10,000)	0
Proceeds from sale of investments in affiliated companies	0	0	1,723
Other	(379)	1,447	139
Net cash flow used for investing activities	(80,698)	(487,265)	(71,825)
FINANCING ACTIVITIES
Net (decrease) increase in notes payable	(833)	38,198	(15,992)
Net (decrease) increase in short-term revolving and other lines of credit	(23,600)	27,200	0
Term debt borrowings	944,152	1,509,767	450,109
Term debt repayments	(736,562)	(1,324,426)	(451,748)
Purchase of capital stock	(121,408)	(66,876)	(57,909)
Sale of subsidary stock	26,665	0	0
Settlement of interest rate swap agreement (Note 7)	0	(22,406)	0
Dividend reinvestment and the effect of employee benefit and stock plans	17,356	24,635	18,328
Cash dividends paid to shareowners	(51,011)	(43,631)	(39,801)
Other	(2,612)	(11,162)	988
Net cash flow provided by (used for) financing activities	52,147	131,299	(96,025)
Effect of exchange rate changes on cash and cash equivalents	5,251	(21,713)	23,489
CASH AND CASH EQUIVALENTS
Net increase (decrease) in cash and cash equivalents	260,850	(88,099)	86,436
Cash and cash equivalents, beginning of period	116,466	204,565	118,129
Cash and cash equivalents, end of period	$ 377,316	$ 116,466	$ 204,565

Consolidated Statements of Shareowners' Equity Statement - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]	Noncontrolling Interest [Member]
Beginning Balance, Shares at Jun. 30, 2010		81,903
Beginning Balance at Jun. 30, 2010		$ 102,379	$ 492,454	$ 793,448	$ (72,781)	$ 17,943
Dividend reinvestment plan, Shares		8
Dividend reinvestment plan		$ 10	354
Capital stock issued under employee benefit and stock plans, Shares		721
Capital stock issued under employee benefit and stock plans		$ 901	33,980
Purchase of capital stock, Shares		(1,503)
Purchase of capital stock		$ (1,879)	(56,030)
Sale of subsidiary stock to noncontrolling interest			0		0	0
Net income	$ 232,277			229,727		2,550
Cash dividends paid				(39,801)		(2,153)
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges, net of tax	(820)				(820)
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges, net of tax	783				783
Unrecognized net pension and other postretirement benefit gain (loss), net of tax	28,087				28,087
Reclassification of net pension and other postretirement benefit loss, net of tax	7,131				7,131
Foreign currency translation adjaustments, net of tax	122,358				120,129
Other comprehensive income (loss), net of tax					155,310	2,229
Purchase of noncontrolling interests						0
Acquisition by noncontrolling interests						0
Ending Balance, Shares at Jun. 30, 2011		81,129
Ending Balance at Jun. 30, 2011	1,658,641	$ 101,411	470,758	983,374	82,529	20,569
Dividend reinvestment plan, Shares		8
Dividend reinvestment plan		$ 10	282
Capital stock issued under employee benefit and stock plans, Shares		956
Capital stock issued under employee benefit and stock plans		$ 1,195	40,758
Purchase of capital stock, Shares		(2,008)
Purchase of capital stock		$ (2,510)	(64,365)
Sale of subsidiary stock to noncontrolling interest			0		0	0
Net income	310,833			307,230		3,603
Cash dividends paid				(43,631)		(1,333)
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges, net of tax	(11,165)				(11,165)
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges, net of tax	(186)				(186)
Unrecognized net pension and other postretirement benefit gain (loss), net of tax	(90,686)				(90,686)
Reclassification of net pension and other postretirement benefit loss, net of tax	5,964				5,964
Foreign currency translation adjaustments, net of tax	(140,797)				(137,118)
Other comprehensive income (loss), net of tax					(233,191)	(3,679)
Purchase of noncontrolling interests						0
Acquisition by noncontrolling interests						5,211
Ending Balance, Shares at Jun. 30, 2012		80,085
Ending Balance at Jun. 30, 2012	1,668,221	$ 100,106	447,433	1,246,973	(150,662)	24,371
Dividend reinvestment plan, Shares		6
Dividend reinvestment plan		$ 8	253
Capital stock issued under employee benefit and stock plans, Shares		837
Capital stock issued under employee benefit and stock plans		$ 1,047	31,649
Purchase of capital stock, Shares		(3,086)
Purchase of capital stock		$ (3,858)	(117,550)
Sale of subsidiary stock to noncontrolling interest			12,515		2,065	7,727
Net income	206,916			203,265		3,651
Cash dividends paid				(51,011)		(4,253)
Unrealized gain (loss) on derivatives designated and qualified as cash flow hedges, net of tax	(611)				(611)
Reclassification of unrealized loss (gain) on expired derivatives designated and qualified as cash flow hedges, net of tax	1,377				1,377
Unrecognized net pension and other postretirement benefit gain (loss), net of tax	39,376				39,376
Reclassification of net pension and other postretirement benefit loss, net of tax	9,679				9,679
Foreign currency translation adjaustments, net of tax	9,223				9,772
Other comprehensive income (loss), net of tax					59,593	(550)
Purchase of noncontrolling interests						(479)
Acquisition by noncontrolling interests						0
Ending Balance, Shares at Jun. 30, 2013		77,842
Ending Balance at Jun. 30, 2013	$ 1,812,293	$ 97,303	$ 374,300	$ 1,399,227	$ (89,004)	$ 30,467

Nature of operations	12 Months Ended
Nature of operations	Jun. 30, 2013
Nature of operations [Abstract]
Nature of Operations [Text Block]	NATURE OF OPERATIONS Kennametal delivers productivity to customers seeking peak performance in demanding environments by providing innovative custom and standard wear-resistant solutions. To provide these solutions, we harness our knowledge of advanced materials and application development with a commitment to environmental sustainability. Our solutions are built around industry-essential technology platforms. These include metalworking tools, engineered components, surface technologies and earth cutting tools that are mission-critical to the performance of our customers battling extreme conditions such as fatigue wear, corrosion and high temperatures. We believe that our reputation for manufacturing excellence, as well as our technological expertise and innovation we deliver in our products and services, helps us to achieve a leading position in our primary markets; general engineering, transportation, aerospace and defense, energy and earthworks markets. End users of our products include metalworking and machinery manufacturers and suppliers across a diverse array of industries, including the aerospace, defense, transportation, machine tool, light machinery and heavy machinery, as well as producers and suppliers in a number of equipment-intensive industries such as coal mining, road construction and quarrying, as well as oil and gas exploration, refining, production and supply. Our end users’ products range from airframes to mining operations, engines to oil wells and turbochargers to processing. Unless otherwise specified, any reference to a “year” is to a fiscal year ended June 30. When used in this annual report on Form 10-K, unless the context requires otherwise, the terms “we,” “our” and “us” refer to Kennametal Inc. and its subsidiaries.

Summary Of Significant Accounting Policies Summary of Significant Accounting Policies

12 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies [Abstract]

Significant Accounting Policies [Text Block]

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The summary of our significant accounting policies is presented below to assist in evaluating our consolidated financial statements.

PRINCIPLES OF CONSOLIDATION The consolidated financial statements include our accounts and those of our majority-owned subsidiaries. All significant intercompany balances and transactions are eliminated. Investments in entities of less than 50 percent of the voting stock over which we have significant influence are accounted for on an equity basis. The factors used to determine significant influence include, but are not limited to, our management involvement in the investee, such as hiring and setting compensation for management of the investee, the ability to make operating and capital decisions of the investee, representation on the investee’s board of directors and purchase and supply agreements with the investee. Investments in entities of less than 50 percent of the voting stock in which we do not have significant influence are accounted for on the cost basis.

USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS In preparing our consolidated financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP), we make judgments and estimates about the amounts reflected in our financial statements. As part of our financial reporting process, our management collaborates to determine the necessary information on which to base our judgments and develop estimates used to prepare the financial statements. We use historical experience and available information to make these judgments and estimates. However, different amounts could be reported using different assumptions and in light of different facts and circumstances. Therefore, actual amounts could differ from the estimates reflected in our financial statements.

CASH AND CASH EQUIVALENTS Cash investments having original maturities of three months or less are considered cash equivalents. Cash equivalents principally consist of investments in money market funds and bank deposits at June 30, 2013.

ACCOUNTS RECEIVABLE We market our products to a diverse customer base throughout the world. Trade credit is extended based upon periodically updated evaluations of each customer’s ability to satisfy its obligations. We make judgments as to our ability to collect outstanding receivables and provide allowances for the portion of receivables when collection becomes doubtful. Accounts receivable reserves are determined based upon an aging of accounts and a review of specific accounts.

INVENTORIES Inventories are stated at the lower of cost or market. We use the last-in, first-out (LIFO) method for determining the cost of a significant portion of our United States (U.S.) inventories. The cost of the remainder of our inventories is determined under the first-in, first-out or average cost methods. When market conditions indicate an excess of carrying costs over market value, a lower-of-cost-or-market provision is recorded. Excess and obsolete inventory reserves are established based upon our evaluation of the quantity of inventory on hand relative to demand. The excess and obsolete inventory reserve at June 30, 2013 and 2012 was $52.7 million and $55.0 million, respectively.

PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment are carried at cost. Major improvements are capitalized, while maintenance and repairs are expensed as incurred. Retirements and disposals are removed from cost and accumulated depreciation accounts, with the gain or loss reflected in operating income. Interest related to the construction of major facilities is capitalized as part of the construction costs and is depreciated over the facilities estimated useful life.

Depreciation for financial reporting purposes is computed using the straight-line method over the following estimated useful lives: building and improvements over 15-40 years; machinery and equipment over 4-15 years; furniture and fixtures over 5-10 years and computer hardware and software over 3-5 years.

Leased property and equipment under capital leases are depreciated using the straight-line method over the terms of the related leases.

LONG-LIVED ASSETS We evaluate the recoverability of property, plant and equipment and intangible assets that are amortized, whenever events or changes in circumstances indicate the carrying amount of any such assets may not be fully recoverable. Changes in circumstances include technological advances, changes in our business model, capital structure, economic conditions or operating performance. Our evaluation is based upon, among other things, our assumptions about the estimated future undiscounted cash flows these assets are expected to generate. When the sum of the undiscounted cash flows is less than the carrying value of the asset or asset group, we will recognize an impairment loss to the extent that carrying value exceeds fair value. We apply our best judgment when performing these evaluations to determine if a triggering event has occurred, the undiscounted cash flows used to assess recoverability and the fair value of the asset.

GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill represents the excess of cost over the fair value of the net assets of acquired companies. Goodwill and other intangible assets with indefinite lives are tested at least annually for impairment. We perform our annual impairment tests during the June quarter in connection with our annual planning process, unless there are impairment indicators that warrant a test prior to that.

A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows:



(in thousands)	Industrial			Infrastructure			Total
Goodwill	$	411,945		$	250,225		$	662,170
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2011	$	261,103		$	250,225		$	511,328
Acquisition	—			242,553			242,553
Translation	(17,062		)	(17,469		)	(34,531		)
Change in goodwill	(17,062		)	225,084			208,022
Goodwill	394,883			475,309			870,192
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2012	$	244,041		$	475,309		$	719,350
Translation	1,315			1,090			2,405
Change in goodwill	1,315			1,090			2,405
Goodwill	396,198			476,399			872,597
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2013	$	245,356		$	476,399		$	721,755

We recorded no goodwill or other intangible asset impairments in 2013, 2012 and 2011

The components of our other intangible assets were as follows:



	Estimated Useful Life (in years)	June 30, 2013					June 30, 2012
(in thousands)	Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Contract-based	4 to 15	$	21,450	$	(8,374	)	$	21,450	$	(6,423	)
Technology-based and other	4 to 17	38,005		(26,006		)	37,594		(24,384		)
Customer-related	10 to 20	178,318		(58,148		)	178,500		(44,354		)
Unpatented technology	15 to 30	45,972		(9,761		)	46,035		(6,943		)
Trademarks	5 to 20	14,055		(9,151		)	13,977		(7,782		)
Trademarks	Indefinite	36,405		—			35,817		—
Total		$	334,205	$	(111,440	)	$	333,373	$	(89,886	)

As of March 1, 2012 we acquired Deloro Stellite Holdings 1 Limited (Stellite) in our Infrastructure segment. As a result, we increased goodwill by $242.6 million and other intangible assets by $103.8 million based on purchase price allocations. We recorded customer-related intangible assets of $73.8 million with an estimated useful life of 20 years, unpatented technology-based intangible assets of $28.3 million with an estimated useful life of 15 - 17 years and trademarks of $1.7 million with an estimated useful life of 5 years. These intangible assets will be amortized over their respective estimated useful lives.

During the year ended June 30, 2012, we entered into a technology license agreement in our Infrastructure segment. This resulted in a $15.0 million increase of contract-based intangible assets. The technology license agreement will be amortized using the straight-line method over an estimated useful life of 10 years.

During 2013 and 2012, we recorded currency translation adjustments which decreased intangible assets by $0.2 million and $11.1 million, respectively.

Amortization expense for intangible assets was $20.8 million, $16.4 million and $11.6 million for 2013, 2012 and 2011, respectively. Estimated amortization expense for 2014 through 2018 is $20.9 million, $20.1 million, $19.8 million, $18.3 million, and $18.0 million, respectively.

PENSION AND OTHER POSTRETIREMENT BENEFITS We sponsor these types of benefit plans for certain employees and retirees. Accounting for the cost of these plans requires the estimation of the cost of the benefits to be provided well into the future and attributing that cost over the expected work life of employees participating in these plans. This estimation requires our judgment about the discount rate used to determine these obligations, expected return on plan assets, rate of future compensation increases, rate of future health care costs, withdrawal and mortality rates and participant retirement age. Differences between our estimates and actual results may significantly affect the cost of our obligations under these plans.

In the valuation of our pension and other postretirement benefit liabilities, management utilizes various assumptions. We determine our discount rate based on investment grade bond yield curves with a duration that approximates the benefit payment timing of each plan. This rate can fluctuate based on changes in investment grade bond yields.

The long-term rate of return on plan assets is estimated based on an evaluation of historical returns for each asset category held by the plans, coupled with the current and short-term mix of the investment portfolio. The historical returns are adjusted for expected future market and economic changes. This return will fluctuate based on actual market returns and other economic factors.

The rate of future health care costs is based on historical claims and enrollment information projected over the next year and adjusted for administrative charges. This rate is expected to decrease until 2029.

Future compensation rates, withdrawal rates and participant retirement age are determined based on historical information. These assumptions are not expected to significantly change. Mortality rates are determined based on a review of published mortality tables.

EARNINGS PER SHARE Basic earnings per share is computed using the weighted average number of shares outstanding during the period, while diluted earnings per share is calculated to reflect the potential dilution that occurs related to the issuance of capital stock under stock option grants, restricted stock awards and restricted stock units. The difference between basic and diluted earnings per share relates solely to the effect of capital stock options, restricted stock awards and restricted stock units.

For purposes of determining the number of diluted shares outstanding at June 30, 2013, 2012 and 2011, weighted average shares outstanding for basic earnings per share calculations were increased due solely to the dilutive effect of unexercised capital stock options, unvested restricted stock awards and unvested restricted stock units by 1.1 million, 1.2 million and 1.1 million shares, respectively. Unexercised capital stock options, restricted stock units and restricted stock awards of 1.0 million, 0.7 million and 0.4 million shares at June 30, 2013, 2012 and 2011, respectively, were not included in the computation of diluted earnings per share because the option exercise price was greater than the average market price, and therefore the inclusion would have been anti-dilutive.

REVENUE RECOGNITION We recognize revenue upon shipment of our products and assembled machines. Our general conditions of sale explicitly state that the delivery of our products and assembled machines is freight on board shipping point and that title and all risks of loss and damage pass to the buyer upon delivery of the sold products or assembled machines to the common carrier.

Our general conditions of sale explicitly state that acceptance of the conditions of shipment are considered to have occurred unless written notice of objection is received by Kennametal within 10 calendar days of the date specified on the invoice. We do not ship products or assembled machines unless we have documentation from our customers authorizing shipment. Our products are consumed by our customers in the manufacture of their products. Historically, we have experienced very low levels of returned products and assembled machines and do not consider the effect of returned products and assembled machines to be material. We have recorded an estimated returned goods allowance to provide for any potential returns.

We warrant that products and services sold are free from defects in material and workmanship under normal use and service when correctly installed, used and maintained. This warranty terminates 30 days after delivery of the product to the customer and does not apply to products that have been subjected to misuse, abuse, neglect or improper storage, handling or maintenance. Products may be returned to Kennametal, only after inspection and approval by Kennametal and upon receipt by the customer of shipping instructions from Kennametal. We have included an estimated allowance for warranty returns in our returned goods allowance.

We recognize revenue related to the sale of specialized assembled machines upon customer acceptance and installation, as installation is deemed essential to the functionality of a specialized assembled machine. Sales of specialized assembled machines were immaterial for 2013, 2012 and 2011.

STOCK-BASED COMPENSATION We recognize stock-based compensation expense for all stock options, restricted stock awards and restricted stock units over the period from the date of grant to the date when the award is no longer contingent on the employee providing additional service (substantive vesting period). We utilize the Black-Scholes valuation method to establish the fair value of all stock option awards.

Capital stock options are granted to eligible employees at fair market value at the date of grant. Capital stock options are exercisable under specified conditions for up to 10 years from the date of grant. On October 26, 2010, the Company’s Shareowners approved the Kennametal Inc., Stock and Incentive Plan of 2010 (2010 Plan). The 2010 Plan authorizes the issuance of up to 3,500,000 shares of the Company’s capital stock plus any shares remaining unissued under the Kennametal Inc. Stock and Incentive Plan of 2002, as amended (2002 Plan). Under the provisions of the 2010 Plan, participants may deliver our stock, owned by the holder for at least six months, in payment of the option price and receive credit for the fair market value of the shares on the date of delivery. The fair value of shares delivered during 2013, 2012 and 2011 was $0.1 million, $0.4 million and $0.8 million, respectively. In addition to stock option grants, the 2010 Plan permits the award of stock appreciation rights, performance share awards, performance unit awards, restricted stock awards, restricted unit awards and share awards to directors, officers and key employees.

RESEARCH AND DEVELOPMENT COSTS Research and development costs of $39.7 million, $38.3 million and $33.3 million in 2013, 2012 and 2011, respectively, were expensed as incurred. These costs are included in operating expense in the consolidated statements of income.

SHIPPING AND HANDLING FEES AND COSTS All fees billed to customers for shipping and handling are classified as a component of sales. All costs associated with shipping and handling are classified as a component of cost of goods sold.

INCOME TAXES Deferred income taxes are recognized based on the future income tax effects (using enacted tax laws and rates) of differences in the carrying amounts of assets and liabilities for financial reporting and tax purposes. A valuation allowance is recognized if it is “more likely than not” that some or all of a deferred tax asset will not be realized.

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES As part of our financial risk management program, we use certain derivative financial instruments. We do not enter into derivative transactions for speculative purposes and, therefore, hold no derivative instruments for trading purposes. We use derivative financial instruments to provide predictability to the effects of changes in foreign exchange rates on our consolidated results, achieve our targeted mix of fixed and floating interest rates on outstanding debt. Our objective in managing foreign exchange exposures with derivative instruments is to reduce volatility in cash flow, allowing us to focus more of our attention on business operations. With respect to interest rate management, these derivative instruments allow us to achieve our targeted fixed-to-floating interest rate mix, as a separate decision from funding arrangements, in the bank and public debt markets.

We account for derivative instruments as a hedge of the related asset, liability, firm commitment or anticipated transaction, when the derivative is specifically designated as a hedge of such items. We measure hedge effectiveness by assessing the changes in the fair value or expected future cash flows of the hedged item. The ineffective portions are recorded in other expense (income), net. Certain currency forward contracts hedging significant cross-border intercompany loans are considered other derivatives and, therefore, do not qualify for hedge accounting. These contracts are recorded at fair value in the balance sheet, with the offset to other expense (income), net.

CASH FLOW HEDGES Currency Forward contracts and range forward contracts (a transaction where both a put option is purchased and a call option is sold) are designated as cash flow hedges and hedge anticipated cash flows from cross-border intercompany sales of products and services. Gains and losses realized on these contracts at maturity are recorded in accumulated other comprehensive (loss) income, and are recognized as a component of other expense (income), net when the underlying sale of products or services is recognized into earnings.

Interest Rate Floating-to-fixed interest rate swap contracts, designated as cash flow hedges, are entered into from time to time to hedge our exposure to interest rate changes on a portion of our floating rate debt. These interest rate swap contracts convert a portion of our floating rate debt to fixed rate debt. We record the fair value of these contracts as an asset or a liability, as applicable, in the balance sheet, with the offset to accumulated other comprehensive (loss) income.

FAIR VALUE HEDGES Interest Rate Fixed-to-floating interest rate swap contracts, designated as fair value hedges, are entered into from time to time to hedge our exposure to fair value fluctuations on a portion of our fixed rate debt. These interest rate swap contracts convert a portion of our fixed rate debt to floating rate debt. When in place, these contracts require periodic settlement, and the difference between amounts to be received and paid under the contracts is recognized in interest expense.

CURRENCY TRANSLATION Assets and liabilities of international operations are translated into U.S. dollars using year-end exchange rates, while revenues and expenses are translated at average exchange rates throughout the year. The resulting net translation adjustments are recorded as a component of accumulated other comprehensive (loss) income. The local currency is the functional currency of most of our locations. Losses from currency transactions included in other expense (income), net were $4.5 million, $2.6 million and $6.6 million for 2013, 2012 and 2011, respectively.

NEW ACCOUNTING STANDARDS

Adopted

As of July 1, 2012, Kennametal adopted changes to the presentation of comprehensive income. This guidance eliminated the option to report other comprehensive income and its components in the statement of changes in equity. An entity could elect to present items of net income and other comprehensive income in one continuous statement or in two separate consecutive statements. Each component of net income and other comprehensive income, together with totals for comprehensive income and its two parts, net income and other comprehensive income, need to be displayed under either alternative. We elected to present the two-statement option. Other than the change in presentation, the adoption of this guidance had no impact on the consolidated financial statements.

As of July 1, 2012, Kennametal adopted changes to testing goodwill for impairment. The guidance permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test. The adoption of this guidance did not have an impact on our consolidated financial statements.

Issued

In February 2013, the FASB issued guidance on reporting of reclassifications out of accumulated other comprehensive income. The amendments do not change the current requirements for reporting net income or other comprehensive income in the financial statements. However, the amendments require an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component in its disclosures. This guidance is effective for Kennametal beginning July 1, 2013 and is not expected to have a material impact to the financial statements other than additional disclosures.

In June 2012, the FASB issued additional guidance on testing indefinite lived intangible assets for impairment. The guidance permits an entity to first assess qualitative factors to determine whether it is more likely than not that the fair value of an indefinite lived intangible asset is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step impairment test. This guidance is effective for Kennametal beginning July 1, 2013, with early adoption permitted. This guidance is not expected to have an impact on Kennametal.

Supplemental Cash Flow Information

12 Months Ended

Jun. 30, 2013

Supplemental Cash Flow Elements [Abstract]

SUPPLEMENTAL CASH FLOW DISCLOSURES



Year ended June 30 (in thousands)	2013			2012		2011
Cash paid during the period for:
Interest	$	24,432		$	27,395	$	26,624
Income taxes	51,098			55,728		60,459

Supplemental disclosure of non-cash information:
Changes in accounts payable related to purchases of property, plant and equipment	(8,600		)	—		—
Contribution of capital stock to employees’ defined contribution benefit plans	—			—		948

Acquisition

12 Months Ended

Jun. 30, 2013

Business Combinations [Abstract]

ACQUISITION

On March 1, 2012, the Company acquired all of the shares of Stellite pursuant to the terms of the Share Sale and Purchase Agreement dated January 13, 2012. The United Kingdom-based Stellite is a global manufacturer and provider of alloy-based critical wear solutions for extreme environments involving high temperature, corrosion and abrasion. Stellite employs approximately 1,300 people across seven primary operating facilities globally, including locations in the U.S., Canada, Germany, Italy, India and China. Stellite’s proprietary metal alloys, materials expertise, engineering design and fabrication capabilities complement Kennametal’s current business in the oil and gas, power generation, transportation and aerospace end markets. This acquisition is in alignment with Kennametal’s growth strategy and positions us to further achieve geographic and end market balance.

Kennametal acquired Stellite for a purchase price of $382.6 million, net of cash acquired, and funded the acquisition through existing credit facilities and operating cash flows. As part of the acquisition of Stellite, Kennametal incurred $8.9 million of acquisition-related costs in 2012, which are included in operating expense.

Purchase Price Allocation

This acquisition was accounted for under the acquisition method of accounting and accordingly, the purchase price has been allocated to the assets acquired and liabilities assumed based on fair values at the date of the acquisition. The Consolidated Balance Sheet as of June 30, 2012 reflects the allocation of the purchase price.

The allocation of the total purchase price to the fair values of the assets acquired and liabilities assumed as of June 30, 2012 is as follows:



(in thousands)	Total
ASSETS
Current assets:
Accounts receivable	$	44,414
Inventories	42,270
Other current assets	5,094
Total current assets	91,778
Property and equipment	76,146
Goodwill	242,553
Other intangible assets	103,793
Deferred income taxes	22,392
Other	70
Total assets	$	536,732

LIABILITIES
Current liabilities:
Short term debt and current maturities of long-term debt	$	4,685
Accounts payable	43,534
Accrued income taxes	24,688
Other current liabilities	17,487
Total current liabilities	90,394
Long-term debt and capital leases	5,379
Deferred income taxes	48,537
Other long-term liabilities	4,649
Total liabilities	148,959
Noncontrolling interest	5,211
Net assets acquired	$	382,562

In connection with this acquisition, we identified and valued certain intangible assets, including existing customer relationships, technologies and trademarks, as discussed in Note 2. The goodwill recorded of $242.6 million is not deductible for tax purposes and is attributable to the operating synergies we expect to gain from the acquisition. These intangible assets are part of the Infrastructure segment.

The operating results for the year ended June 30, 2013 include net sales of $238.0 million and net income attributable to Kennametal of $2.4 million related to Stellite. The operating results for the year ended June 30, 2012 include net sales of $90.1 million and net loss attributable to Kennametal of $7.1 million related to Stellite. This net loss includes $8.9 million of acquisition-related pre-tax costs.

Unaudited Pro Forma Financial Information

The following unaudited pro forma summary of operating results presents the consolidated results of operations as if the Stellite acquisition had occurred on July 1, 2010. These amounts were calculated after the conversion to U.S. GAAP, applying our accounting policies and adjusting Stellite’s results to reflect increased depreciation and amortization expense resulting from recording fixed assets and intangible assets at fair value and decreasing interest expense to reflect Kennametal’s more favorable borrowing rate, together with the related tax effects. The pro forma results for the year ended June 30, 2012 included $10.1 million of integration related pre-tax costs. The pro forma results for the year ended June 30, 2011 included $14.3 million of integration related pre-tax costs. The pro forma results have been presented for comparative purposes only and are not indicative of future results of operations or what would have occurred had the acquisition been made on July 1, 2010.



Year ended June 30 (in thousands)	2012		2011
Pro forma (unaudited):
Net Sales	$	3,042,987	$	2,675,119
Net income attributable to Kennametal	$	333,808	$	238,409

Per share data attributable to Kennametal :
Basic earnings per share	$	4.16	$	2.91
Diluted earnings per share	$	4.10	$	2.87

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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Reference 19: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Fair Value Measurements

12 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

FAIR VALUE MEASUREMENTS

Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy consists of three levels to prioritize the inputs used in valuations, as defined below:

Level 1: Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities.

Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, including quoted prices for similar assets or liabilities in active markets; quoted prices for identical or similar assets or liabilities in markets that are not active; inputs other than quoted prices that are observable for the asset or liability (e.g., interest rates); and inputs that are derived principally from or corroborated by observable market data by correlation or other means.

Level 3: Inputs that are unobservable.

As of June 30, 2013, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	775	$	—	$	775
Total assets at fair value	$	—	$	775	$	—	$	775

Liabilities:
Derivatives⁽¹⁾	$	—	$	530	$	—	$	530
Total liabilities at fair value	$	—	$	530	$	—	$	530

As of June 30, 2012, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	1,855	$	—	$	1,855
Total assets at fair value	$	—	$	1,855	$	—	$	1,855

Liabilities:
Derivatives ⁽¹⁾	$	—	$	193	$	—	$	193
Total liabilities at fair value	$	—	$	193	$	—	$	193

⁽¹⁾ Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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Reference 9: http://www.xbrl.org/2003/role/presentationRef
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Reference 11: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Derivative Instruments and Hedging Activities

12 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

DERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES

As part of our financial risk management program, we use certain derivative financial instruments. See Note 2 for discussion on our derivative instruments and hedging activities policy.

The fair value of derivatives designated and not designated as hedging instruments in the consolidated balance sheet are as follows:



(in thousands)	2013			2012
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	658		$	554
Other current liabilities - range forward contracts	(522		)	(193		)
Other assets - range forward contracts	69			3
Total derivatives designated as hedging instruments	205			364
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	48			1,298
Other current liabilities - currency forward contracts	(8		)	—
Total derivatives not designated as hedging instruments	40			1,298
Total derivatives	$	245		$	1,662

Certain currency forward contracts that hedge significant cross-border intercompany loans are considered as other derivatives and therefore do not qualify for hedge accounting. These contracts are recorded at fair value in the consolidated balance sheet, with the offset to other expense (income), net. Losses (gains) related to derivatives not designated as hedging instruments have been recognized as follows:



(in thousands)	2013		2012			2011
Other expense (income), net - currency forward contracts	$	1,210	$	(1,149	)	$	(1,138	)

FAIR VALUE HEDGES

Fixed-to-floating interest rate swap contracts, designated as fair value hedges, are entered into from time to time to hedge our exposure to fair value fluctuations on a portion of our fixed rate debt. We had no such contracts outstanding at June 30, 2013 and June 30, 2012.

In February 2009 we terminated interest rate swap contracts to convert $200.0 million of our fixed rate debt to floating rate debt. These contracts were originally set to mature in June 2012. This gain was amortized as a component of interest expense over the remaining term of the related debt using the effective interest rate method. The gain was fully amortized as of June 30, 2012. During the years ended June 30, 2012 and 2011, $5.9 million and $5.9 million, respectively, were recognized as a reduction in interest expense.

CASH FLOW HEDGES

Currency forward contracts and range forward contracts (a transaction where both a put option is purchased and a call option is sold) are designated as cash flow hedges and hedge anticipated cash flows from cross-border intercompany sales of products and services. Gains and losses realized on these contracts at maturity are recorded in accumulated other comprehensive (loss) income, and are recognized as a component of other expense (income), net when the underlying sale of products or services is recognized into earnings. The notional amount of the contracts translated into U.S. dollars at June 30, 2013 and 2012 was $102.2 million and $69.9 million, respectively. The time value component of the fair value of range forward contracts is excluded from the assessment of hedge effectiveness. Assuming the market rates remain constant with the rates at June 30, 2013, we expect to recognize into earnings in the next 12 months $0.2 million of losses on outstanding derivatives.

Floating-to-fixed interest rate swap contracts, designated as cash flow hedges, are entered into from time to time to hedge our exposure to interest rate changes on a portion of our floating rate debt. These interest rate swap contracts convert a portion of our floating rate debt to fixed rate debt. We record the fair value of these contracts as an asset or a liability, as applicable, in the balance sheet, with the offset to accumulated other comprehensive (loss) income, net of tax. We had no such contracts outstanding at June 30, 2013 or 2012, respectively.

In February 2012, we settled forward starting interest rate swap contracts to convert $150.0 million of our floating rate debt to fixed rate debt. Upon settlement, we made a cash payment of $22.4 million. The loss is being amortized as a component of interest expense over the term of the related debt using the effective interest rate method. During the year ended June 30, 2013 and 2012, $1.9 million and $0.7 million was recognized as interest expense, respectively.

The following represents losses related to cash flow hedges:



(in thousands)	2013			2012			2011
Losses recognized in other comprehensive loss, net	$	(611	)	$	(11,165	)	$	(820	)
Losses reclassified from accumulated other comprehensive loss into other expense (income), net	$	1,116		$	270		$	663

No portion of the gains or losses recognized in earnings was due to ineffectiveness and no amounts were excluded from our effectiveness testing for the years ended June 30, 2013, 2012 and 2011.

- Definition

The entire disclosure for the entity's entire derivative instruments and hedging activities. Describes an entity's risk management strategies, derivatives in hedging activities and non-hedging derivative instruments, the assets, obligations, liabilities, revenues and expenses arising therefrom, and the amounts of and methodologies and assumptions used in determining the amounts of such items.

+ References

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Inventories

12 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

INVENTORIES

Inventories consisted of the following at June 30:



(in thousands)	2013			2012
Finished goods	$	303,307		$	319,217
Work in process and powder blends	244,180			252,035
Raw materials	137,602			135,454
Inventories at current cost	685,089			706,706
Less: LIFO valuation	(106,294		)	(120,850		)
Total inventories	$	578,795		$	585,856

We used the LIFO method of valuing inventories for approximately 52 percent and 49 percent of total inventories at June 30, 2013 and 2012, respectively.

Other Current Liabilities Other Current Liabilities

12 Months Ended

Jun. 30, 2013

Other Liabilities, Current [Abstract]

Other Current Liabilities [Text Block]

OTHER CURRENT LIABILITIES

Other current liabilities consisted of the following at June 30:



(in thousands)	2013		2012
Accrued employee benefits	$	21,663	$	33,783
Payroll, state and local taxes	14,885		14,290
Other	88,199		99,490
Total other current liabilities	$	124,747	$	147,563

Long - Term Debt and Capital Leases

12 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

LONG-TERM DEBT AND CAPITAL LEASES

Long-term debt and capital lease obligations consisted of the following at June 30:



(in thousands)	2013			2012
2.65% Senior Unsecured Notes due 2019 net of discount of $0.5 million for 2013	$	399,519		$	—
3.875% Senior Unsecured Notes due 2022 net of discount of $0.3 million for 2013 and $0.4 million for 2012	299,683			299,646
Credit Agreement:
U.S. Dollar-denominated borrowings, 1.08% in 2013 and 1.24% in 2012, due 2018	3,600			212,200
Capital leases with terms expiring through 2018 at 2.3% to 5.4% in 2013 and 2.3% to 5.7% in 2012	4,553			6,195
Other	9			6,139
Total debt and capital leases	707,364			524,180
Less current maturities:
Long-term debt	(3,600		)	(27,200		)
Other	(9		)	(5,814		)
Capital leases	(129		)	(558		)
Total current maturities	(3,738		)	(33,572		)
Long-term debt and capital leases, less current maturities	$	703,626		$	490,608

Senior Unsecured Notes On November 7, 2012, we issued $400.0 million of 2.65 percent Senior Unsecured Notes due in 2019. Interest is paid semi-annually on May 1 and November 1 of each year. We used the net proceeds from this notes offering to repay outstanding indebtedness under our credit facility and for general corporate purposes. On February 14, 2012, we issued $300 million of 3.875 percent Senior Unsecured Notes due in 2022. Interest is paid semi-annually on February 15 and August 15 of each year. We settled forward starting interest rate swap contracts related to the bond issuance as discussed in Note 6. We applied the net proceeds from this notes offering to the repayment of our 7.2 percent Senior Unsecured Notes at their June 15, 2012 maturity.

2011 Credit Agreement The five-year, multi-currency, revolving credit facility (2011 Credit Agreement) permits revolving credit loans of up to $600 million for working capital, capital expenditures and general corporate purposes. The 2011 Credit Agreement allows for borrowings in U.S. dollars, euro, Canadian dollars, pound sterling and Japanese yen. Interest payable under the 2011 Credit Agreement is based upon the type of borrowing under the facility and may be (1) LIBOR plus an applicable margin, (2) the greater of the prime rate or the Federal Funds effective rate plus an applicable margin, or (3) fixed as negotiated by us.

The 2011 Credit Agreement requires us to comply with various restrictive and affirmative covenants, including two financial covenants: a maximum leverage ratio and a minimum consolidated interest coverage ratio (as those terms are defined in the agreement). We were in compliance with all covenants as of June 30, 2013. We had $3.6 million and $212.2 million of borrowings outstanding under the 2011 Credit Agreement as of June 30, 2013 and June 30, 2012, respectively. Borrowings under the 2011 Credit Agreement are guaranteed by our significant domestic subsidiaries.

On April 5, 2013, we entered into an amendment to our 2011 Credit Agreement. The amendment extends the maturity date of the credit facility to April 2018. The financial covenants and other key provisions remain unchanged.

Future principal maturities of long-term debt are $3.6 million in 2014 and $699.2 million beyond 2018.

Future minimum lease payments under capital leases for the next five years and thereafter in total are as follows:



(in thousands)
2014	$	317
2015	2,896
2016	1,085
2017	601
2018	199
After 2018	—
Total future minimum lease payments	5,098
Less amount representing interest	(545		)
Amount recognized as capital lease obligations	$	4,553

At June 30, 2013 and 2012 our collateralized debt consisted of capitalized lease obligations of $4.6 million and $6.2 million, respectively, and industrial revenue bond obligations which were immaterial in both years. The underlying assets collateralize these obligations.

Notes Payable and Lines of Credit Notes Payable and Lines of Credit	12 Months Ended
	Jun. 30, 2013
Notes Payable and Lines of Credit [Abstract]
Notes Payable and Lines of Credit	NOTES PAYABLE AND LINES OF CREDIT Notes payable to banks of $40.6 million and $41.6 million at June 30, 2013 and 2012, respectively, represents short-term borrowings under credit lines with commercial banks. These credit lines, translated into U.S. dollars at June 30, 2013 exchange rates, totaled $89.6 million at June 30, 2013, of which $49.0 million was unused. The weighted average interest rate for notes payable and lines of credit was 2.1 percent and 2.5 percent at June 30, 2013 and 2012, respectively.

Income Taxes

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

INCOME TAXES

Income before income taxes consisted of the following for the years ended June 30:



(in thousands)	2013			2012			2011
Income before income taxes:
United States	$	87,499		$	95,410		$	69,042
International	179,110			294,559			227,091
Total income before income taxes	$	266,609		$	389,969		$	296,133
Current income taxes:
Federal	$	10,645		$	23,313		$	26,234
State	3,441			2,275			1,063
International	45,375			24,946			44,440
Total current income taxes	59,461			50,534			71,737
Deferred income taxes	232			28,602			(7,881		)
Provision for income taxes	$	59,693		$	79,136		$	63,856
Effective tax rate	22.4		%	20.3		%	21.6		%

The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes was as follows for the years ended June 30:



(in thousands)	2013			2012			2011
Income taxes at U.S. statutory rate	$	93,313		$	136,489		$	103,647
State income taxes, net of federal tax benefits	4,051			4,110			1,956
U.S. income taxes provided on international income	3,067			8,164			21,556
Combined tax effects of international income	(30,692		)	(50,574		)	(35,423		)
Change in valuation allowance and other uncertain tax positions	(4,550		)	(16,243		)	(20,215		)
Impact of domestic production activities deduction	(3,546		)	(3,810		)	(6,413		)
Research and development credit	(4,141		)	(1,515		)	(2,685		)
Other	2,191			2,515			1,433
Provision for income taxes	$	59,693		$	79,136		$	63,856

During 2013, we recorded adjustments of $4.2 million related to the effective settlement of uncertain tax positions in Europe, which reduced income tax expense. The effect of this tax benefit is included in the income tax reconciliation table under the caption “change in valuation allowance and other uncertain tax positions.”

During 2012, we recorded net valuation allowance adjustments of $6.9 million, which reduced income tax expense. The valuation allowance adjustments reflect a change in judgment about the realizability of certain deferred tax assets in the Netherlands. The effect of these tax benefits is included in the income tax reconciliation table under the caption “change in valuation allowance and other uncertain tax positions.”

During 2012, we recorded adjustments of $9.0 million related to the effective settlement of uncertain tax positions in the U.S., Europe and Asia, which reduced income tax expense. The effect of these tax benefits is included in the income tax reconciliation table under the caption “change in valuation allowance and other uncertain tax positions.”

During 2011, we recorded net valuation allowance adjustments of $20.5 million, which reduced income tax expense. The valuation allowance adjustments reflect a change in judgment about the realizability of certain deferred tax assets in the United Kingdom and Europe. The effect of this tax benefit is included in the income tax reconciliation table under the caption “change in valuation allowance and other uncertain tax positions.”

During 2011, we incurred U.S. Federal income taxes of $17.9 million associated with dividends of international subsidiary current year income. The effect of this expense is included in the income tax reconciliation table under the caption “U.S. income taxes provided on international income.”

The components of net deferred tax liabilities and assets were as follows at June 30:



(in thousands)	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	50,984		$	68,782
Inventory valuation and reserves	21,935			26,363
Pension benefits	6,402			38,552
Other postretirement benefits	9,163			9,958
Accrued employee benefits	33,666			30,179
Other accrued liabilities	9,368			8,857
Hedging activities	13,994			13,338
Tax credits and other carryforwards	1,708			6,354
Other	20,918			—
Total	168,138			202,383
Valuation allowance	(15,569		)	(19,502		)
Total deferred tax assets	$	152,569		$	182,881
Deferred tax liabilities:
Tax depreciation in excess of book	$	107,623		$	109,948
Intangible assets	64,614			68,806
Other	—			448
Total deferred tax liabilities	$	172,237		$	179,202
Total net deferred tax (liabilities) assets	$	(19,668	)	$	3,679

Included in deferred tax assets at June 30, 2013 is $51.0 million associated with net operating loss carryforwards in federal, state and foreign jurisdictions. Of that amount, $5.2 million expires through June 2018, $9.1 million expires through 2023, $2.2 million expires through 2028, $1.3 million expires through 2033, and the remaining $33.2 million do not expire. The realization of these tax benefits is primarily dependent on future taxable income in these jurisdictions.

A valuation allowance of $15.6 million has been placed against deferred tax assets in Europe, China, Hong Kong, Brazil and the U.S., which would be allocated to income tax expense upon realization of the deferred tax assets. In 2013, the valuation allowance related to these deferred tax assets decreased by $3.9 million. As the respective operations generate sufficient income, the valuation allowances will be partially or fully reversed at such time we believe it will be more likely than not that the deferred tax assets will be realized.

As of June 30, 2013, unremitted earnings of our non-U.S. subsidiaries and affiliates of $2,233.6 million, the majority of which have not been previously taxed in the U.S., are considered permanently reinvested, and accordingly, no deferred tax liability has been recorded in connection therewith. It is not practical to estimate the income tax effect that might be incurred if cumulative prior year earnings not previously taxed in the U.S. were remitted to the U.S.

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest) is as follows as of June 30:



(in thousands)	2013			2012
Balance at beginning of year	$	7,298		$	18,289
Increases for tax positions of prior years	—			946
Increases for tax positions related to the current year	23,231			116
Decreases for tax positions related to the current year	—			(1,635		)
Decreases related to settlement with taxing authority	(3,813		)	(7,280		)
Decreases related to lapse of statute of limitations	—			(805		)
Foreign currency translation	82			(2,333		)
Balance at end of year	$	26,798		$	7,298

The total amount of unrecognized tax benefits that, if recognized, would affect the effective tax rate in 2013, 2012 and 2011 is $4.3 million, $6.4 million and $18.0 million, respectively. Our policy is to recognize interest and penalties related to income taxes as a component of the provision for income taxes in the Consolidated Statement of Income. We recognized a reduction in interest of $1.9 million and $0.9 million in 2013 and 2012, respectively. We recognized interest expense of $0.9 million for 2011. We also recognized $0.3 million of penalty in 2012 through goodwill. As of June 30, 2013 and 2012 the amount of interest accrued was $0.7 million and $1.9 million, respectively. As of June 30, 2013 and 2012, the amount of penalty accrued was $0.4 million and $0.3 million, respectively.

Increases for tax positions related to the current year primarily relate to one foreign tax position. A corresponding deferred tax asset in the amount of $22.5 million has been recorded for the position in the United States and is included in the components of net deferred tax liabilities and assets table under the caption "other."

With few exceptions, we are no longer subject to income tax examinations by tax authorities for years prior to 2007. The Internal Revenue Service has audited all U.S. tax years prior to 2011 and is currently examining 2011 and 2012. Various state and foreign jurisdiction tax authorities are in the process of examining our income tax returns for various tax years ranging from 2007 to 2011. We continue to execute and expand our pan-European business model. As a result of this and other matters, we continuously review our uncertain tax positions and evaluate any potential issues that may lead to an increase or decrease in the total amount of unrecognized tax benefits recorded. We believe that it is reasonably possible that the amount of unrecognized tax benefits could decrease by approximately $0.2 million within the next twelve months as a result of the progression of various federal, state, and foreign audits in process.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(h))
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-Publisher FASB
-Name Accounting Standards Codification
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-Publisher FASB
-Name Accounting Standards Codification
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-SubTopic 10
-Section 50
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-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 136, 172
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 08
-Paragraph h
-Article 4

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 109
-Paragraph 43, 44, 45, 46, 47, 48, 49
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Pension and Other Postretirement Benefits

12 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Pension and Other Postretirement Benefits Disclosure

PENSION AND OTHER POSTRETIREMENT BENEFITS

Pension benefits under defined benefit pension plans are based on years of service and, for certain plans, on average compensation for specified years preceding retirement. We fund pension costs in accordance with the funding requirements of the Employee Retirement Income Security Act of 1974 (ERISA), as amended, for U.S. plans and in accordance with local regulations or customs for non-U.S. plans.

We have an Executive Retirement Plan for various executives and a Supplemental Executive Retirement Plan which was closed to future participation on July 26, 2006.

We presently provide varying levels of postretirement health care and life insurance benefits to certain employees and retirees. Postretirement health care benefits are available to employees and their spouses retiring on or after age 55 with 10 or more years of service. Beginning with retirements on or after January 1, 1998, our portion of the costs of postretirement health care benefits is capped at 1996 levels. Beginning with retirements on or after January 1, 2009, we have no obligation to provide a company subsidy for retiree medical costs.

We use a June 30 measurement date for all of our plans.

Defined Benefit Pension Plans

The funded status of our pension plans and amounts recognized in the consolidated balance sheets as of June 30 were as follows:



(in thousands)	2013			2012
Change in benefit obligation:
Benefit obligation, beginning of year	$	958,306		$	786,572
Service cost	7,797			6,982
Interest cost	38,183			42,107
Participant contributions	28			34
Actuarial (gains) losses	(71,974		)	153,680
Benefits and expenses paid	(40,898		)	(39,051		)
Currency translation adjustments	173			(16,437		)
Effect of acquired business/plan combinations	—			28,296
Plan curtailments/settlements	(784		)	(3,877		)
Benefit obligation, end of year	$	890,831		$	958,306
Change in plan assets:
Fair value of plan assets, beginning of year	$	783,843		$	725,466
Actual return on plan assets	47,660			68,082
Company contributions	9,788			9,683
Participant contributions	28			34
Benefits and expenses paid	(40,898		)	(39,051		)
Plan curtailments/settlements	(784		)	(3,877		)
Effect of acquired business/plan combinations	—			26,438
Currency translation adjustments	(3,558		)	(2,932		)
Fair value of plan assets, end of year	$	796,079		$	783,843
Funded status of plan	$	(94,752	)	$	(174,463	)
Amounts recognized in the balance sheet consist of:
Long-term prepaid benefit	$	57,385		$	2,803
Short-term accrued benefit obligation	(9,353		)	(9,285		)
Accrued pension benefits	(142,784		)	(167,981		)
Net amount recognized	$	(94,752	)	$	(174,463	)

The pre-tax amounts related to our defined benefit pension plans recognized in accumulated other comprehensive (loss) income were as follows at June 30:



(in thousands)	2013			2012
Unrecognized net actuarial losses	$	113,452		$	191,340
Unrecognized net prior service credits	(1,498		)	(1,379		)
Unrecognized transition obligations	1,101			1,193
Total	$	113,055		$	191,154

Prepaid pension benefits are included in other long-term assets. The assets of our U.S. and international defined benefit pension plans consist principally of capital stocks, corporate bonds and government securities.

To the best of our knowledge and belief, the asset portfolios of our defined benefit pension plans do not contain our capital stock. We do not issue insurance contracts to cover future annual benefits of defined benefit pension plan participants. Transactions between us and our defined benefit pension plans include the reimbursement of plan expenditures incurred by us on behalf of the plans. To the best of our knowledge and belief, the reimbursement of cost is permissible under current ERISA rules or local government law. The accumulated benefit obligation for all defined benefit pension plans was $0.9 million and $0.9 million as of June 30, 2013 and 2012, respectively.

Included in the above information are plans with accumulated benefit obligations exceeding the fair value of plan assets as of June 30 as follows:



(in thousands)	2013		2012
Projected benefit obligation	$	184,805	$	855,697
Accumulated benefit obligation	183,056		835,870
Fair value of plan assets	34,405		671,588

The components of net periodic pension cost include the following as of June 30:



(in thousands)	2013			2012			2011
Service cost	$	7,797		$	6,982		$	7,650
Interest cost	38,183			42,107			40,984
Expected return on plan assets	(56,111		)	(51,376		)	(48,203		)
Amortization of transition obligation	69			65			52
Amortization of prior service cost	(195		)	(186		)	(281		)
Settlement loss	158			1,253			18
Recognition of actuarial losses	14,961			8,259			12,277
Net periodic pension cost	$	4,862		$	7,104		$	12,497

Net periodic pension cost decreased $2.2 million to $4.9 million in 2013 from $7.1 million in 2012. This decrease was primarily the result of discount rate changes and the expected return on plan assets.

As of June 30, 2013, the projected benefit payments, including future service accruals for these plans for 2014 through 2018, are $45.6 million, $45.9 million, $47.5 million, $50.8 million and $51.7 million, respectively, and $294.6 million in 2019 through 2023.

The amounts of accumulated other comprehensive loss expected to be recognized in net periodic pension cost during 2014 related to net actuarial losses and transition obligations are $2.5 million and $0.1 million, respectively. The amount of accumulated other comprehensive income expected to be recognized in net periodic pension cost during 2014 related to prior service credit is $0.2 million.

We expect to contribute approximately $12.2 million to our pension plans in 2014.

Other Postretirement Benefit Plans

The funded status of our other postretirement benefit plans and the related amounts recognized in the consolidated balance sheets were as follows:



(in thousands)	2013			2012
Change in benefit obligation:
Benefit obligation, beginning of year	$	24,574		$	19,771
Service cost	72			75
Interest cost	938			1,029
Actuarial (gains) losses	(907		)	7,345
Benefits paid	(3,255		)	(3,408		)
Plan amendment	—			(238		)
Benefit obligation, end of year	$	21,422		$	24,574
Funded status of plan	$	(21,422	)	$	(24,574	)
Amounts recognized in the balance sheet consist of:
Short-term accrued benefit obligation	$	(1,961	)	$	(1,808	)
Accrued postretirement benefits	(19,461		)	(22,766		)
Net amount recognized	$	(21,422	)	$	(24,574	)

The pre-tax amounts related to our other postretirement benefit plans which were recognized in accumulated other comprehensive (loss) income were as follows at June 30:



(in thousands)	2013			2012
Unrecognized net actuarial losses	$	5,213		$	6,538
Unrecognized net prior service credits	(563		)	(674		)
Total	$	4,650		$	5,864

The components of net periodic other postretirement costs (benefit) include the following for the years ended June 30:



(in thousands)	2013			2012			2011
Service cost	$	72		$	75		$	77
Interest cost	938			1,029			1,037
Amortization of prior service cost	(111		)	(89		)	—
Recognition of actuarial loss (gains)	417			(56		)	(190		)
Net periodic other postretirement benefit cost	$	1,316		$	959		$	924

As of June 30, 2013, the projected benefit payments, including future service accruals for our other postretirement benefit plans for 2014 through 2018, are $2.2 million, $2.1 million, $2.1 million, $2.0 million, and $1.9 million, respectively, and $8.1 million in 2019 through 2023.

The amounts of accumulated other comprehensive loss expected to be recognized in net periodic pension cost during 2014 related to net actuarial losses are $0.3 million. The amount of accumulated other comprehensive income expected to be recognized in net periodic pension cost during 2014 related to prior service credit is $0.1 million.

We expect to contribute approximately $2.1 million to our postretirement benefit plans in 2014.

Assumptions

The significant actuarial assumptions used to determine the present value of net benefit obligations for our defined benefit pension plans and other postretirement benefit plans were as follows:



	2013		2012		2011
Discount Rate:
U.S. plans	4.9	%	4.0	%	5.5	%
International plans	3.5-4.8%		4.0-5.0%		5.5-5.8%
Rates of future salary increases:
U.S. plans	3.0-5.0%		3.0-5.0%		3.0-5.0%
International plans	2.5-3.0%		2.5-4.0%		2.0-3.5%

The significant assumptions used to determine the net periodic costs (benefits) for our pension and other postretirement benefit plans were as follows:



	2013		2012		2011
Discount Rate:
U.S. plans	4.0	%	5.5	%	5.5	%
International plans	4.0-5.0%		5.5-5.8%		5.0-5.5%
Rates of future salary increases:
U.S. plans	3.0-5.0%		3.0-5.0%		3.0-5.0%
International plans	2.5-4.0%		2.0-3.5%		3.5	%
Rate of return on plans assets:
U.S. plans	8.0	%	8.0	%	8.0	%
International plans	5.6	%	5.8	%	6.4	%

The rates of return on plan assets are based on historical performance, as well as future expected returns by asset class considering macroeconomic conditions, current portfolio mix, long-term investment strategy and other available relevant information.

The annual assumed rate of increase in the per capita cost of covered benefits (the health care cost trend rate) for our postretirement benefit plans was as follows:



	2013		2012		2011
Health care costs trend rate assumed for next year	7.8	%	8.1	%	8.3	%
Rate to which the cost trend rate gradually declines	4.5	%	4.5	%	4.5	%
Year that the rate reaches the rate at which it is assumed to remain	2029		2029		2029

Assumed health care cost trend rates have a significant effect on the cost components and obligation for the health care plans. A change of one percentage point in the assumed health care cost trend rates would have the following effects on the total service and interest cost components of our other postretirement cost and other postretirement benefit obligation at June 30, 2013:



(in thousands)	1% Increase		1% Decrease
Effect on total service and interest cost components	$	49	$	(42	)
Effect on other postretirement obligation	735		(652		)

Plan Assets

The primary objective of certain of our pension plans’ investment policies is to ensure that sufficient assets are available to provide the benefit obligations at the time the obligations come due. The overall investment strategy for the defined benefit pension plans’ assets combine considerations of preservation of principal and moderate risk-taking. The assumption of an acceptable level of risk is warranted in order to achieve satisfactory results consistent with the long-term objectives of the portfolio. Fixed income securities comprise a significant portion of the portfolio due to their plan-liability-matching characteristics and to address the plans’ cash flow requirements. Additionally, diversification of investments within each asset class is utilized to further reduce the impact of losses in single investments.

Investment management practices must comply with ERISA and all applicable regulations and rulings thereof. The use of derivative instruments is permitted where appropriate and necessary for achieving overall investment policy objectives. Currently, the use of derivative instruments is not significant when compared to the overall investment portfolio.

The Company utilizes a liability driven investment strategy (LDI) for the assets of its U.S. defined benefit pension plans in order to reduce the volatility of the funded status of these plans and to meet the obligations at an acceptable cost over the long term. This LDI strategy entails modifying the asset allocation and duration of the assets of the plans to more closely match the liability profile of these plans. The asset reallocation involves increasing the fixed income allocation, reducing the equity component and adding alternative investments. Longer duration interest rate swaps have been added in order to increase the overall duration of the asset portfolio to more closely match the liabilities.

Our defined benefit pension plans’ asset allocations as of June 30, 2013 and 2012 and target allocations for 2014, by asset class, were as follows:



	2013		2012		Target %
Equity	34	%	30	%	30	%
Fixed Income	61	%	65	%	70	%
Other	5	%	5	%	—	%

The following sections describe the valuation methodologies used by the trustee to measure the fair value of the defined benefit pension plan assets, including an indication of the level in the fair value hierarchy in which each type of asset is generally classified (see Note 5 for the definition of fair value and a description of the fair value hierarchy).

Corporate fixed income securities Investments in corporate fixed income securities consist of corporate debt and asset backed securities. These investments are classified as level two and are valued using independent observable market inputs such as the treasury curve, swap curve and yield curve.

Common / collective trusts Investments in common / collective trusts invest primarily in publicly traded securities and are classified as level two and valued based on observable market data.

Common stock Common stocks are classified as level one and are valued at their quoted market price.

Government securities Investments in government securities consist of fixed income securities such as U.S. government and agency obligations and foreign government bonds and asset and mortgage backed securities such as obligations issued by government sponsored organizations. These investments are classified as level two and are valued using independent observable market inputs such as the treasury curve, credit spreads and interest rates.

Other fixed income securities Investments in other fixed income securities are classified as level two and valued based on observable market data.

Other Other investments consist primarily of state and local obligations and short term instruments including money market funds, certificates of deposit and state and local obligations. These investments are primarily classified as level two and are valued using independent observable market inputs.

The fair value methods described may not be reflective of future fair values. Additionally, while the Company believes the valuation methods used by the plans’ trustee are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in different fair value measurement at the reporting date.

The following table presents the fair value of the benefit plan assets classified under the appropriate level of the fair value hierarchy as of June 30, 2013:



(in thousands)	Level 1		Level 2		Level 3		Total
Corporate fixed income securities	$	—	$	363,027	$	—	$	363,027
Common / collective trusts:
Value funds	—		105,903		—		105,903
Growth funds	—		57,477		—		57,477
Balanced funds	—		19,370		—		19,370
Common stock	89,420		—		—		89,420
Government securities:
U.S. Government securities	—		54,857		—		54,857
Foreign government securities	—		29,115		—		29,115
Other fixed income securities	—		36,750		—		36,750
Other	1,625		38,535		—		40,160
Total investments	$	91,045	$	705,034	$	—	$	796,079

The following table presents the fair value of the benefit plan assets classified under the appropriate level of the fair value hierarchy as of June 30, 2012:



(in thousands)	Level 1		Level 2		Level 3		Total
Corporate fixed income securities	$	—	$	391,868	$	—	$	391,868
Common / collective trusts:
Value funds	—		96,216		—		96,216
Growth funds	—		52,011		—		52,011
Balanced funds	—		14,039		—		14,039
Common stock	76,685		—		—		76,685
Government securities:
U.S. Government securities	—		50,273		—		50,273
Foreign government securities	—		25,969		—		25,969
Other fixed income securities	—		36,165		—		36,165
Other	2,120		38,497		—		40,617
Total investments	$	78,805	$	705,038	$	—	$	783,843

Defined Contribution Plans

We sponsor several defined contribution retirement plans. Costs for defined contribution plans were $11.6 million, $15.4 million and $17.0 million in 2013, 2012 and 2011, respectively.

- Definition

The entire disclosure for pension and other postretirement benefits.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
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Reference 10: http://www.xbrl.org/2003/role/presentationRef
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Reference 12: http://www.xbrl.org/2003/role/presentationRef
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+ Details

Accumulated Other Comprehensive (Loss) Income Accumulated Other Comprehensive (Loss) Income

12 Months Ended

Jun. 30, 2013

Comprehensive Income (Loss) And Accumulated Other Comprehensive (Loss) Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME

The components of accumulated other comprehensive (loss) income consist of the following at June 30 (in thousands):



2013	After-tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(12,481	)
Unrecognized net actuarial losses	(84,099		)
Unrecognized net prior service credit	1,322
Unrecognized transition obligation	(1,160		)
Foreign currency translation adjustments	7,414
Total accumulated other comprehensive loss	$	(89,004	)



2012	After-tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(13,247	)
Unrecognized net actuarial losses	(133,033		)
Unrecognized net prior service credit	1,282
Unrecognized transition obligation	(1,240		)
Foreign currency translation adjustments	(4,424		)
Total accumulated other comprehensive loss	$	(150,662	)

- Definition

The entire disclosure for comprehensive income, which includes, but is not limited to, 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income.

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+ Details

Financial Instruments Financial Instruments	12 Months Ended
Financial Instruments Financial Instruments	Jun. 30, 2013
Financial Instruments [Abstract]
Financial Instruments Disclosure [Text Block]	FINANCIAL INSTRUMENTS The methods used to estimate the fair value of our financial instruments are as follows: Cash and Equivalents, Current Maturities of Long-Term Debt and Notes Payable to Banks The carrying amounts approximate their fair value because of the short maturity of the instruments. Long-Term Debt Fixed rate debt had a fair market value of $680.1 million and $306.8 million at June 30, 2013 and 2012, respectively. The fair value is determined based on the quoted market price of this debt as of June 30. Foreign Exchange Contracts The notional amount of outstanding foreign exchange contracts, translated at current exchange rates, was $102.2 million and $69.9 million at June 30, 2013 and 2012, respectively. We would have received $0.2 million and $0.4 million at June 30, 2013 and 2012, respectively, to settle these contracts representing the fair value of these agreements. The carrying value equaled the fair value for these contracts at June 30, 2013 and 2012. Fair value was estimated based on quoted market prices of comparable instruments. Concentrations of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist primarily of temporary cash investments and trade receivables. By policy, we make temporary cash investments with high credit quality financial institutions and limit the amount of exposure to any one financial institution. With respect to trade receivables, concentrations of credit risk are significantly reduced, because we serve numerous customers in many industries and geographic areas. We are exposed to counterparty credit risk for nonperformance of derivatives and, in the unlikely event of nonperformance, to market risk for changes in interest and currency exchange rates, as well as settlement risk. We manage exposure to counterparty credit risk through credit standards, diversification of counterparties and procedures to monitor concentrations of credit risk. We do not anticipate nonperformance by any of the counterparties. As of June 30, 2013 and 2012, we had no significant concentrations of credit risk.

Stock-Based Compensation Stock-Based Compensation

12 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

STOCK-BASED COMPENSATION

Stock Options

The assumptions used in our Black-Scholes valuation related to grants made during 2013, 2012 and 2011 were as follows:



	2013		2012		2011
Risk-free interest rate	0.6	%	1.1	%	1.4	%
Expected life (years) ⁽²⁾	4.5		4.5		4.5
Expected volatility ⁽³⁾	49.5	%	47.6	%	47.0	%
Expected dividend yield	1.5	%	1.5	%	2.0	%

(2) Expected life is derived from historical experience.

(3) Expected volatility is based on the implied historical volatility of our stock.

Changes in our stock options for 2013 were as follows:



	Options		Weighted Average Exercise Price		Weighted Average Remaining Life (years)	Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2012	2,891,563		$	28.46
Granted	388,894		36.83
Exercised	(511,073	)	24.28
Lapsed and forfeited	(40,316	)	31.35
Options outstanding, June 30, 2013	2,729,068		$	30.40	5.6	$	23,110
Options vested and expected to vest, June 30, 2013	2,699,095		$	30.34	5.5	$	23,017
Options exercisable, June 30, 2013	1,767,002		$	29.08	4.3	$	17,294

During 2013, 2012 and 2011, compensation expense related to stock options was $6.2 million, $5.5 million, and $5.2 million, respectively. As of June 30, 2013, the total unrecognized compensation cost related to options outstanding was $2.5 million and is expected to be recognized over a weighted average period of 2.5 years.

Weighted average fair value of options granted during 2013, 2012 and 2011 was $13.53, $13.87 and $9.33, respectively. Fair value of options vested during 2013, 2012 and 2011 was $5.2 million, $4.7 million and $4.4 million, respectively.

Tax benefits, relating to excess stock-based compensation deductions, are presented in the statement of cash flow as financing cash inflows. Tax benefits resulting from stock-based compensation deductions exceeded amounts reported for financial reporting purposes by $4.2 million, $4.1 million and $2.9 million in 2013, 2012 and 2011, respectively.

The amount of cash received from the exercise of capital stock options during 2013, 2012 and 2011 was $12.5 million, $19.4 million and $13.6 million, respectively. The related tax benefit for 2013, 2012 and 2011 was $2.8 million, $4.4 million and $3.2 million, respectively. The total intrinsic value of options exercised during 2013, 2012 and 2011 was $8.3 million, $14.2 million and $9.9 million, respectively.

Under the provisions of the 2010 Plan participants may deliver stock, owned by the holder for at least six months, in payment of the option price and receive credit for the fair market value of the shares on the date of delivery. The fair market value of shares delivered during 2013, 2012 and 2011 were $0.1 million, $0.4 million and $0.8 million, respectively.

Restricted Stock Awards

Changes in our restricted stock awards for 2013 were as follows:



	Shares		Weighted Average Fair Value
Unvested restricted stock awards, June 30, 2012	24,030		$	28.83
Vested	(23,840	)	28.83
Forfeited	(190	)	29.60
Unvested restricted stock awards, June 30, 2013	—		$	—

During 2013, 2012 and 2011, compensation expense related to restricted stock awards was $0.1 million, $0.9 million and $2.1 million, respectively.

Restricted Stock Units – Time Vesting and Performance Vesting

Performance vesting restricted stock units are earned pro rata each year if certain performance goals are met over a three-year period, and are also subject to a service condition that requires the individual to be employed by the Company at the payment date after the three-year performance period, with the exception of retirement eligible grantees, who upon retirement are entitled to receive payment for any units that have been earned, including a prorated portion in the partially completed fiscal year in which the retirement occurs.

Changes in our time vesting and performance vesting restricted stock units for 2013 were as follows:



	Performance Vesting Stock Units		Performance Vesting Weighted Average Fair Value		Time Vesting Stock Units		Time Vesting Weighted Average Fair Value
Unvested performance vesting and time vesting restricted stock units, June 30, 2012	246,345		$	31.27	971,767		$	30.47
Granted	131,693		36.76		373,808		36.88
Vested	—		—		(477,444	)	28.14
Forfeited	(10,426	)	35.97		(52,921	)	34.22
Unvested performance vesting and time vesting restricted stock units, June 30, 2013	367,612		$	32.08	815,210		$	34.53

During 2013, 2012 and 2011, compensation expense related to time vesting and performance vesting restricted stock units was $15.2 million, $14.9 million, $10.3 million, respectively. As of June 30, 2013, the total unrecognized compensation cost related to unvested time vesting and performance vesting restricted stock units was $13.5 million and is expected to be recognized over a weighted average period of 2.3 years.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 50
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6406099&loc=d3e25284-112666

Reference 2: http://www.xbrl.org/2003/role/presentationRef
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-Name Accounting Standards Codification
-Topic 718
-SubTopic 40
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-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6418621&loc=d3e17540-113929

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-Paragraph 4
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5444-113901

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Staff Accounting Bulletin (SAB)
-Number Topic 14

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 123R
-Paragraph 64, 65, A240
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Statement of Position (SOP)
-Number 93-6
-Paragraph 53
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Environmental Matters	12 Months Ended
Environmental Matters	Jun. 30, 2013
Environmental Remediation Obligations [Abstract]
ENVIRONMENTAL MATTERS	ENVIRONMENTAL MATTERS The operation of our business has exposed us to certain liabilities and compliance costs related to environmental matters. We are involved in various environmental cleanup and remediation activities at certain of our locations. Superfund Sites We are involved as a potentially responsible party (PRP) at various sites designated by the United States Environmental Protection Agency (USEPA) as Superfund sites. For certain of these sites, we have evaluated the claims and potential liabilities and have determined that neither are material, individually or in the aggregate. For certain other sites, proceedings are in the very early stages and have not yet progressed to a point where it is possible to estimate the ultimate cost of remediation, the timing and extent of remedial action that may be required by governmental authorities or the amount of our liability alone or in relation to that of any other PRP. Other Environmental Matters We establish and maintain reserves for other potential environmental issues. At June 30, 2013 and 2012, the balance of these reserves was $5.1 million and $5.1 million, respectively. These reserves represent anticipated costs associated with the remediation of these issues. The reserves we have established for environmental liabilities represent our best current estimate of the costs of addressing all identified environmental situations, based on our review of currently available evidence, and taking into consideration our prior experience in remediation and that of other companies, as well as public information released by the USEPA, other governmental agencies, and by the PRP groups in which we are participating. Although the reserves currently appear to be sufficient to cover these environmental liabilities, there are uncertainties associated with environmental liabilities, and we can give no assurance that our estimate of any environmental liability will not increase or decrease in the future. The reserved and unreserved liabilities for all environmental concerns could change substantially due to factors such as the nature and extent of contamination, changes in remedial requirements, technological changes, discovery of new information, the financial strength of other PRPs, the identification of new PRPs and the involvement of and direction taken by the government on these matters. We maintain a Corporate Environmental Health and Safety (EHS) Department to monitor compliance with environmental regulations and to oversee remediation activities. In addition, we have designated EHS coordinators who are responsible for each of our global manufacturing facilities. Our financial management team periodically meets with members of the Corporate EHS Department and the Corporate Legal Department to review and evaluate the status of environmental projects and contingencies. On a quarterly basis, we review financial provisions and reserves for environmental contingencies and adjust these reserves when appropriate.

- Definition

The entire disclosure for environmental loss contingencies, such as presence of hazardous waste, relevant information from reports issued by regulators, and estimated costs to achieve compliance with regulatory requirements. This element may be used for all of an entity's disclosures about environmental loss contingencies.

+ References + Details

Commitments and Contingencies Commitments and Contingencies	12 Months Ended
	Jun. 30, 2013
Committements and Contingencies [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Legal Matters Various lawsuits arising during the normal course of business are pending against us. In our opinion, the ultimate liability, if any, resulting from these matters will have no significant effect on our consolidated financial positions or results of operations. Lease Commitments We lease a wide variety of facilities and equipment under operating leases, primarily for warehouses, production and office facilities and equipment. Lease expense under these rentals amounted to $30.8 million, $29.1 million and $27.1 million in 2013, 2012 and 2011, respectively. Future minimum lease payments for non-cancelable operating leases are $20.3 million, $13.6 million, $9.8 million, $5.0 million and $2.2 million for the years 2014 through 2018 and $24.6 million thereafter. Purchase Commitments We have purchase commitments for materials, supplies and machinery and equipment as part of the ordinary conduct of business. A few of these commitments extend beyond one year and are based on minimum purchase requirements. We believe these commitments are not at prices in excess of current market. Other Contractual Obligations We do not have material financial guarantees or other contractual commitments that are reasonably likely to adversely affect our liquidity. Related Party Transactions Sales to affiliated companies were immaterial in 2013, 2012 and 2011. We do not have any other related party transactions that affect our operations, results of operations, cash flow or financial condition

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 825
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621

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-Name Accounting Standards Codification
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-Subparagraph (SX 210.5-02.25)
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-Publisher FASB
-Name FASB Interpretation (FIN)
-Number 14
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Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 5
-Paragraph 9, 10, 11, 12
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Segment Data

12 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

SEGMENT DATA

We operate in two reportable operating segments consisting of Industrial and Infrastructure. We do not allocate certain corporate expenses related to executive retirement plans, the Company’s Board of Directors and strategic initiatives, as well as certain other costs and report them in Corporate. Segment determination is based upon internal organizational structure, the manner in which we organize segments for making operating decisions and assessing performance, the availability of separate financial results and materiality considerations.

Sales to a single customer did not aggregate 4 percent or more of total sales in 2013, 2012 and 2011. Export sales from U.S. operations to unaffiliated customers were $102.1 million, $102.1 million, and $90.6 million in 2013, 2012 and 2011, respectively.

INDUSTRIAL The Industrial segment serves customers that operate in industrial end markets such as aerospace and defense, transportation and general engineering. The customers in these end markets manufacture engines, airframes, automobiles, trucks, ships and various types of industrial equipment. The technology and customization requirements for customers we serve vary by customer, application and industry. The value we deliver to our Industrial segment customers centers on our application expertise and our diverse offering of products and services.

INFRASTRUCTURE The Infrastructure segment serves customers that operate in the earthworks and energy sectors who support primary industries such as oil and gas, power generation, underground, surface and hard-rock mining, highway construction and road maintenance. Generally, we rely on customer intimacy to serve this segment. By gaining an in-depth understanding of our customers’ engineering and development needs, we are able to offer complete system solutions and high-performance capabilities to optimize and add value to their operations.

Segment data is summarized as follows:



(in thousands)	2013			2012			2011
Sales:
Industrial	$	1,471,882		$	1,667,434		$	1,528,672
Infrastructure	1,117,491			1,068,812			874,821
Total sales	$	2,589,373		$	2,736,246		$	2,403,493

Operating income:
Industrial	$	173,744		$	283,233		$	209,663
Infrastructure	130,537			141,640			121,733
Corporate	(7,887		)	(8,464		)	(9,723		)
Total operating income	$	296,394		$	416,409		$	321,673

Interest expense	$	27,472		$	27,215		$	22,760
Other expense (income), net	2,313			(775		)	2,780
Income before income taxes	$	266,609		$	389,969		$	296,133

Depreciation and amortization:
Industrial	$	66,939		$	70,329		$	68,000
Infrastructure	46,102			33,744			25,471
Corporate	63			—			—
Total depreciation and amortization	$	113,104		$	104,073		$	93,471

Equity income:
Industrial	$	42		$	7		$	229
Infrastructure	—			—			—
Total equity income	$	42		$	7		$	229

Total assets:
Industrial	$	1,362,626		$	1,465,300		$	1,531,409
Infrastructure	1,349,870			1,306,781			785,718
Corporate	588,543			262,107			437,342
Total assets	$	3,301,039		$	3,034,188		$	2,754,469

Capital expenditures:
Industrial	$	55,082		$	75,579		$	48,518
Infrastructure	27,753			27,457			26,411
Corporate	—			—			8,513
Total capital expenditures	$	82,835		$	103,036		$	83,442

Investments in affiliated companies:
Industrial	$	671		$	685		$	829
Infrastructure	—			—			—
Total investments in affiliated companies	$	671		$	685		$	829

Geographic information for sales, based on country of origin, and assets is as follows:



(in thousands)	2013		2012		2011
Sales:
United States	$	1,052,466	$	1,170,117	$	1,041,427
Germany	454,807		475,076		398,532
China	239,418		214,427		194,945
Italy	94,183		80,520		64,199
Canada	93,257		80,007		59,743
United Kingdom	92,614		82,635		63,466
India	83,401		105,136		103,366
Other	479,227		528,328		477,815
Total sales	$	2,589,373	$	2,736,246	$	2,403,493

Total assets:
United States	$	1,228,923	$	1,177,705	$	1,165,705
Germany	646,983		485,442		472,665
China	311,053		281,386		179,223
Switzerland	207,000		216,661		231,515
Italy	172,764		172,513		66,082
Canada	138,959		134,662		40,421
United Kingdom	107,738		104,805		67,549
India	94,914		95,618		129,104
Other	392,705		365,396		402,205
Total assets:	$	3,301,039	$	3,034,188	$	2,754,469

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
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-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599

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Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 131
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data

12 Months Ended

Jun. 30, 2013

Selected Quarterly Financial Data [Abstract]

Quarterly Financial Information [Text Block]

SELECTED QUARTERLY FINANCIAL DATA (unaudited)



For the quarter ended (in thousands, except per share data)	September 30		December 31		March 31		June 30
2013
Sales	$	629,459	$	633,144	$	655,360	$	671,410
Gross profit	208,348		199,447		208,495		228,714
Net income attributable to Kennametal	46,390		42,142		53,916		60,818
Basic earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.58		0.53		0.68		0.77
Diluted earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.57		0.52		0.67		0.76
2012
Sales	$	658,877	$	641,741	$	696,411	$	739,216
Gross profit	251,060		231,886		246,446		264,857
Net income attributable to Kennametal	71,986		73,697		75,499		86,048
Basic earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.89		0.92		0.94		1.07
Diluted earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.88		0.91		0.93		1.06

(5) Earnings per share amounts attributable to Kennametal for each quarter are computed using the weighted average number of shares outstanding during the quarter. Earnings per share amounts attributable to Kennametal for the full year are computed using the weighted average number of shares outstanding during the year. Thus, the sum of the four quarters’ earnings per share attributable to Kennametal does not always equal the full-year earnings per share attributable to Kennametal.

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

+ References + Details

Schedule II - Valuation and Qualifying Accounts and Reserves Schedule II Valuation and Qualifying Accounts and Reserves

12 Months Ended

Jun. 30, 2013

Valuation and Qualifying Accounts and Reserves [Abstract]

Schedule of Valuation and Qualifying Accounts Disclosure

SCHEDULE II — VALUATION AND QUALIFYING ACCOUNTS AND RESERVES



(In thousands) For the year ended June 30	Balance at Beginning of Year		Charges to Costs and Expenses			Charged to Other Comprehensive (Loss) Income		Recoveries		Other Adjustments				Deductions from Reserves				Balance at End of Year
2013
Allowance for doubtful accounts	$	12,530	$	1,532		$	—	$	193	$	55		⁽¹⁾	$	(2,361	)	⁽²⁾	$	11,949
Reserve for excess and obsolete inventory	55,042		6,688			—		—		508			⁽¹⁾	(9,499		)	⁽³⁾	52,739
Deferred tax asset valuation allowance	19,502		(148		)	—		—		(2,288		)	⁽⁶⁾	(1,497		)	⁽⁴⁾	15,569
2012
Allowance for doubtful accounts	$	20,958	$	(3,467	)	$	—	$	306	$	(1,260	)	⁽¹⁾	$	(4,007	)	⁽²⁾	$	12,530
Reserve for excess and obsolete inventory	55,283		8,115			—		—		(4,130		)	⁽¹⁾	(4,226		)	⁽³⁾	55,042
Deferred tax asset valuation allowance	25,662		(6,970		)	—		—		810			⁽⁵⁾	—				19,502
2011
Allowance for doubtful accounts	$	24,789	$	518		$	—	$	966	$	1,993		⁽¹⁾	$	(7,308	)	⁽²⁾	$	20,958
Reserve for excess and obsolete inventory	68,270		4,971			—		—		4,525			⁽¹⁾	(22,483		)	⁽³⁾	55,283
Deferred tax asset valuation allowance	47,987		(27,313		)	—		—		5,491			⁽¹⁾	(503		)	⁽⁴⁾	25,662

(1)Represents currency translation adjustment.

(2)Represents uncollected accounts charged against the allowance.

(3)Represents scrapped inventory and other charges against the reserve.

(4)Represents a forfeited net operating loss deduction.

(5)Represents $3.4 million charged to goodwill relating to the business acquisition and $(2.6) million relating to currency translation adjustment.

(6)Represents $(2.0) million goodwill adjustment relating to the business acquisition and $(0.3) million relating to currency translation adjustment.

Summary Of Significant Accounting Policies Summary of Significant Accounting Policies (Policies)

12 Months Ended

Jun. 30, 2013

Accounting Policies [Abstract]

Principles of Consolidation, Policy [Policy Text Block]

Use of Estimates in the Preparation of Financial Statements, Policy [Policy Text Block]

Cash and Cash Equivalents, Policy [Policy Text Block]

Accounts Receivable, Policy [Policy Text Block]

Inventory, Policy [Policy Text Block]

Property, Plant and Equipment, Policy [Policy Text Block]

Leased property and equipment under capital leases are depreciated using the straight-line method over the terms of the related leases.

Long Lived Assets, Policy [Policy Text Block]

Goodwill and Other Intangible Assets, Policy [Policy Text Block]

A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows:



(in thousands)	Industrial			Infrastructure			Total
Goodwill	$	411,945		$	250,225		$	662,170
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2011	$	261,103		$	250,225		$	511,328
Acquisition	—			242,553			242,553
Translation	(17,062		)	(17,469		)	(34,531		)
Change in goodwill	(17,062		)	225,084			208,022
Goodwill	394,883			475,309			870,192
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2012	$	244,041		$	475,309		$	719,350
Translation	1,315			1,090			2,405
Change in goodwill	1,315			1,090			2,405
Goodwill	396,198			476,399			872,597
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2013	$	245,356		$	476,399		$	721,755

We recorded no goodwill or other intangible asset impairments in 2013, 2012 and 2011

The components of our other intangible assets were as follows:



	Estimated Useful Life (in years)	June 30, 2013					June 30, 2012
(in thousands)	Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Contract-based	4 to 15	$	21,450	$	(8,374	)	$	21,450	$	(6,423	)
Technology-based and other	4 to 17	38,005		(26,006		)	37,594		(24,384		)
Customer-related	10 to 20	178,318		(58,148		)	178,500		(44,354		)
Unpatented technology	15 to 30	45,972		(9,761		)	46,035		(6,943		)
Trademarks	5 to 20	14,055		(9,151		)	13,977		(7,782		)
Trademarks	Indefinite	36,405		—			35,817		—
Total		$	334,205	$	(111,440	)	$	333,373	$	(89,886	)

During 2013 and 2012, we recorded currency translation adjustments which decreased intangible assets by $0.2 million and $11.1 million, respectively.

Pension and Other Postretirement Benefits, Policy [Policy Text Block]

Earnings Per Share, Policy [Policy Text Block]

Revenue Recognition, Policy [Policy Text Block]

Stock-Based Compensation, Policy [Policy Text Block]

Research and Development Costs, Policy [Policy Text Block]

Shipping and Handling Fees and Costs, Policy [Policy Text Block]

Income Taxes, Policy [Policy Text Block]

Derivative Instruments and Hedging Activities, Policy [Policy Text Block]

Cash Flow Hedges [Policy Text Block]

Fair Value Hedges [Policy Text Block]

Currency Translation, Policy [Policy Text Block]

New Accounting Standards, Policy [Policy Text Block]

NEW ACCOUNTING STANDARDS

Adopted

Issued

Summary Of Significant Accounting Policies Summary of Significant Accounting Policies (Tables)

12 Months Ended

Jun. 30, 2013

Summary of Significant Accounting Policies [Abstract]

Schedule of Goodwill [Table Text Block]

A summary of the carrying amount of goodwill attributable to each segment, as well as the changes in such, is as follows:



(in thousands)	Industrial			Infrastructure			Total
Goodwill	$	411,945		$	250,225		$	662,170
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2011	$	261,103		$	250,225		$	511,328
Acquisition	—			242,553			242,553
Translation	(17,062		)	(17,469		)	(34,531		)
Change in goodwill	(17,062		)	225,084			208,022
Goodwill	394,883			475,309			870,192
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2012	$	244,041		$	475,309		$	719,350
Translation	1,315			1,090			2,405
Change in goodwill	1,315			1,090			2,405
Goodwill	396,198			476,399			872,597
Accumulated impairment losses	(150,842		)	—			(150,842		)
Balance as of June 30, 2013	$	245,356		$	476,399		$	721,755

Components of Intangible Assets [Table Text Block]

The components of our other intangible assets were as follows:



	Estimated Useful Life (in years)	June 30, 2013					June 30, 2012
(in thousands)	Estimated Useful Life (in years)	Gross Carrying Amount		Accumulated Amortization			Gross Carrying Amount		Accumulated Amortization
Contract-based	4 to 15	$	21,450	$	(8,374	)	$	21,450	$	(6,423	)
Technology-based and other	4 to 17	38,005		(26,006		)	37,594		(24,384		)
Customer-related	10 to 20	178,318		(58,148		)	178,500		(44,354		)
Unpatented technology	15 to 30	45,972		(9,761		)	46,035		(6,943		)
Trademarks	5 to 20	14,055		(9,151		)	13,977		(7,782		)
Trademarks	Indefinite	36,405		—			35,817		—
Total		$	334,205	$	(111,440	)	$	333,373	$	(89,886	)

- Definition

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

+ References + Details

Supplemental Cash Flow Information (Tables)

12 Months Ended

Jun. 30, 2013

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Disclosures



Year ended June 30 (in thousands)	2013			2012		2011
Cash paid during the period for:
Interest	$	24,432		$	27,395	$	26,624
Income taxes	51,098			55,728		60,459

Supplemental disclosure of non-cash information:
Changes in accounts payable related to purchases of property, plant and equipment	(8,600		)	—		—
Contribution of capital stock to employees’ defined contribution benefit plans	—			—		948

Acquisition (Tables)

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Business Combinations [Abstract]

Fair Value of Assets Acquired and Liabilities Assumed [Table Text Block]

The allocation of the total purchase price to the fair values of the assets acquired and liabilities assumed as of June 30, 2012 is as follows:



(in thousands)	Total
ASSETS
Current assets:
Accounts receivable	$	44,414
Inventories	42,270
Other current assets	5,094
Total current assets	91,778
Property and equipment	76,146
Goodwill	242,553
Other intangible assets	103,793
Deferred income taxes	22,392
Other	70
Total assets	$	536,732

LIABILITIES
Current liabilities:
Short term debt and current maturities of long-term debt	$	4,685
Accounts payable	43,534
Accrued income taxes	24,688
Other current liabilities	17,487
Total current liabilities	90,394
Long-term debt and capital leases	5,379
Deferred income taxes	48,537
Other long-term liabilities	4,649
Total liabilities	148,959
Noncontrolling interest	5,211
Net assets acquired	$	382,562

Pro forma operating results



Year ended June 30 (in thousands)	2012		2011
Pro forma (unaudited):
Net Sales	$	3,042,987	$	2,675,119
Net income attributable to Kennametal	$	333,808	$	238,409

Per share data attributable to Kennametal :
Basic earnings per share	$	4.16	$	2.91
Diluted earnings per share	$	4.10	$	2.87

- Definition

Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate.

+ References + Details

Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2013

Fair Value Disclosures [Abstract]

Financial instruments at fair value on recurring basis

As of June 30, 2012, the fair value of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	1,855	$	—	$	1,855
Total assets at fair value	$	—	$	1,855	$	—	$	1,855

Liabilities:
Derivatives ⁽¹⁾	$	—	$	193	$	—	$	193
Total liabilities at fair value	$	—	$	193	$	—	$	193

⁽¹⁾ Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

As of June 30, 2013, the fair values of the Company’s financial assets and financial liabilities measured at fair value on a recurring basis are categorized as follows:



(in thousands)	Level 1		Level 2		Level 3		Total
Assets:
Derivatives ⁽¹⁾	$	—	$	775	$	—	$	775
Total assets at fair value	$	—	$	775	$	—	$	775

Liabilities:
Derivatives⁽¹⁾	$	—	$	530	$	—	$	530
Total liabilities at fair value	$	—	$	530	$	—	$	530

Derivative Instruments and Hedging Activities (Tables)

12 Months Ended

Jun. 30, 2013

Derivative Instruments and Hedging Activities Disclosure [Abstract]

Fair value of derivatives

The fair value of derivatives designated and not designated as hedging instruments in the consolidated balance sheet are as follows:



(in thousands)	2013			2012
Derivatives designated as hedging instruments
Other current assets - range forward contracts	$	658		$	554
Other current liabilities - range forward contracts	(522		)	(193		)
Other assets - range forward contracts	69			3
Total derivatives designated as hedging instruments	205			364
Derivatives not designated as hedging instruments
Other current assets - currency forward contracts	48			1,298
Other current liabilities - currency forward contracts	(8		)	—
Total derivatives not designated as hedging instruments	40			1,298
Total derivatives	$	245		$	1,662

Losses (gains) related to derivatives not designated as hedging instruments have been recognized as follows:



(in thousands)	2013		2012			2011
Other expense (income), net - currency forward contracts	$	1,210	$	(1,149	)	$	(1,138	)

Losses and gains related to cash flow hedges

The following represents losses related to cash flow hedges:



(in thousands)	2013			2012			2011
Losses recognized in other comprehensive loss, net	$	(611	)	$	(11,165	)	$	(820	)
Losses reclassified from accumulated other comprehensive loss into other expense (income), net	$	1,116		$	270		$	663

Inventories (Tables)

12 Months Ended

Jun. 30, 2013

Inventory Disclosure [Abstract]

Inventories

Inventories consisted of the following at June 30:



(in thousands)	2013			2012
Finished goods	$	303,307		$	319,217
Work in process and powder blends	244,180			252,035
Raw materials	137,602			135,454
Inventories at current cost	685,089			706,706
Less: LIFO valuation	(106,294		)	(120,850		)
Total inventories	$	578,795		$	585,856

Other Current Liabilities Other Current Liabilities (Tables)

12 Months Ended

Jun. 30, 2013

Other Liabilities, Current [Abstract]

Other Current Liabilities [Text Block]

Other current liabilities consisted of the following at June 30:



(in thousands)	2013		2012
Accrued employee benefits	$	21,663	$	33,783
Payroll, state and local taxes	14,885		14,290
Other	88,199		99,490
Total other current liabilities	$	124,747	$	147,563

Long - Term Debt and Capital Leases Long-term Debt and Capital Leases (Tables)

12 Months Ended

Jun. 30, 2013

Debt Disclosure [Abstract]

Long Term Debt and Capital Lease Obligations

Long-term debt and capital lease obligations consisted of the following at June 30:



(in thousands)	2013			2012
2.65% Senior Unsecured Notes due 2019 net of discount of $0.5 million for 2013	$	399,519		$	—
3.875% Senior Unsecured Notes due 2022 net of discount of $0.3 million for 2013 and $0.4 million for 2012	299,683			299,646
Credit Agreement:
U.S. Dollar-denominated borrowings, 1.08% in 2013 and 1.24% in 2012, due 2018	3,600			212,200
Capital leases with terms expiring through 2018 at 2.3% to 5.4% in 2013 and 2.3% to 5.7% in 2012	4,553			6,195
Other	9			6,139
Total debt and capital leases	707,364			524,180
Less current maturities:
Long-term debt	(3,600		)	(27,200		)
Other	(9		)	(5,814		)
Capital leases	(129		)	(558		)
Total current maturities	(3,738		)	(33,572		)
Long-term debt and capital leases, less current maturities	$	703,626		$	490,608

Future Minimum Payments Under Capital Leases

Future minimum lease payments under capital leases for the next five years and thereafter in total are as follows:



(in thousands)
2014	$	317
2015	2,896
2016	1,085
2017	601
2018	199
After 2018	—
Total future minimum lease payments	5,098
Less amount representing interest	(545		)
Amount recognized as capital lease obligations	$	4,553

Income Taxes Income Taxes (Tables)

12 Months Ended

Jun. 30, 2013

Income Tax Disclosure [Abstract]

Income from Continuing Operations Before Income Taxes

Income before income taxes consisted of the following for the years ended June 30:



(in thousands)	2013			2012			2011
Income before income taxes:
United States	$	87,499		$	95,410		$	69,042
International	179,110			294,559			227,091
Total income before income taxes	$	266,609		$	389,969		$	296,133
Current income taxes:
Federal	$	10,645		$	23,313		$	26,234
State	3,441			2,275			1,063
International	45,375			24,946			44,440
Total current income taxes	59,461			50,534			71,737
Deferred income taxes	232			28,602			(7,881		)
Provision for income taxes	$	59,693		$	79,136		$	63,856
Effective tax rate	22.4		%	20.3		%	21.6		%

Reconciliation of Income Taxes and the Provision for Income Taxes

The reconciliation of income taxes computed using the statutory U.S. income tax rate and the provision for income taxes was as follows for the years ended June 30:



(in thousands)	2013			2012			2011
Income taxes at U.S. statutory rate	$	93,313		$	136,489		$	103,647
State income taxes, net of federal tax benefits	4,051			4,110			1,956
U.S. income taxes provided on international income	3,067			8,164			21,556
Combined tax effects of international income	(30,692		)	(50,574		)	(35,423		)
Change in valuation allowance and other uncertain tax positions	(4,550		)	(16,243		)	(20,215		)
Impact of domestic production activities deduction	(3,546		)	(3,810		)	(6,413		)
Research and development credit	(4,141		)	(1,515		)	(2,685		)
Other	2,191			2,515			1,433
Provision for income taxes	$	59,693		$	79,136		$	63,856

Components of Net Deferred Tax Assets and Liabilities

The components of net deferred tax liabilities and assets were as follows at June 30:



(in thousands)	2013			2012
Deferred tax assets:
Net operating loss carryforwards	$	50,984		$	68,782
Inventory valuation and reserves	21,935			26,363
Pension benefits	6,402			38,552
Other postretirement benefits	9,163			9,958
Accrued employee benefits	33,666			30,179
Other accrued liabilities	9,368			8,857
Hedging activities	13,994			13,338
Tax credits and other carryforwards	1,708			6,354
Other	20,918			—
Total	168,138			202,383
Valuation allowance	(15,569		)	(19,502		)
Total deferred tax assets	$	152,569		$	182,881
Deferred tax liabilities:
Tax depreciation in excess of book	$	107,623		$	109,948
Intangible assets	64,614			68,806
Other	—			448
Total deferred tax liabilities	$	172,237		$	179,202
Total net deferred tax (liabilities) assets	$	(19,668	)	$	3,679

Reconciliation of Unrecognized Tax Benefits Excluding Interest

A reconciliation of the beginning and ending amount of unrecognized tax benefits (excluding interest) is as follows as of June 30:



(in thousands)	2013			2012
Balance at beginning of year	$	7,298		$	18,289
Increases for tax positions of prior years	—			946
Increases for tax positions related to the current year	23,231			116
Decreases for tax positions related to the current year	—			(1,635		)
Decreases related to settlement with taxing authority	(3,813		)	(7,280		)
Decreases related to lapse of statute of limitations	—			(805		)
Foreign currency translation	82			(2,333		)
Balance at end of year	$	26,798		$	7,298

Pension and Other Postretirement Benefits (Tables)

12 Months Ended

Jun. 30, 2013

Compensation and Retirement Disclosure [Abstract]

Funded Status of Pension Plans and Amount recognized in the Consolidated Balance Sheet

The funded status of our pension plans and amounts recognized in the consolidated balance sheets as of June 30 were as follows:



(in thousands)	2013			2012
Change in benefit obligation:
Benefit obligation, beginning of year	$	958,306		$	786,572
Service cost	7,797			6,982
Interest cost	38,183			42,107
Participant contributions	28			34
Actuarial (gains) losses	(71,974		)	153,680
Benefits and expenses paid	(40,898		)	(39,051		)
Currency translation adjustments	173			(16,437		)
Effect of acquired business/plan combinations	—			28,296
Plan curtailments/settlements	(784		)	(3,877		)
Benefit obligation, end of year	$	890,831		$	958,306
Change in plan assets:
Fair value of plan assets, beginning of year	$	783,843		$	725,466
Actual return on plan assets	47,660			68,082
Company contributions	9,788			9,683
Participant contributions	28			34
Benefits and expenses paid	(40,898		)	(39,051		)
Plan curtailments/settlements	(784		)	(3,877		)
Effect of acquired business/plan combinations	—			26,438
Currency translation adjustments	(3,558		)	(2,932		)
Fair value of plan assets, end of year	$	796,079		$	783,843
Funded status of plan	$	(94,752	)	$	(174,463	)
Amounts recognized in the balance sheet consist of:
Long-term prepaid benefit	$	57,385		$	2,803
Short-term accrued benefit obligation	(9,353		)	(9,285		)
Accrued pension benefits	(142,784		)	(167,981		)
Net amount recognized	$	(94,752	)	$	(174,463	)

Defined Benefit Pension Plans Pretax Amounts Recognized in Accumulated Other Comprehensive Income

The pre-tax amounts related to our defined benefit pension plans recognized in accumulated other comprehensive (loss) income were as follows at June 30:



(in thousands)	2013			2012
Unrecognized net actuarial losses	$	113,452		$	191,340
Unrecognized net prior service credits	(1,498		)	(1,379		)
Unrecognized transition obligations	1,101			1,193
Total	$	113,055		$	191,154

Accumulated Benefit Obligations Exceeding Plan Assets Fair Value

Included in the above information are plans with accumulated benefit obligations exceeding the fair value of plan assets as of June 30 as follows:



(in thousands)	2013		2012
Projected benefit obligation	$	184,805	$	855,697
Accumulated benefit obligation	183,056		835,870
Fair value of plan assets	34,405		671,588

Net periodic pension cost

The components of net periodic pension cost include the following as of June 30:



(in thousands)	2013			2012			2011
Service cost	$	7,797		$	6,982		$	7,650
Interest cost	38,183			42,107			40,984
Expected return on plan assets	(56,111		)	(51,376		)	(48,203		)
Amortization of transition obligation	69			65			52
Amortization of prior service cost	(195		)	(186		)	(281		)
Settlement loss	158			1,253			18
Recognition of actuarial losses	14,961			8,259			12,277
Net periodic pension cost	$	4,862		$	7,104		$	12,497

Funded Status of Other Postretirement Benefit Plans and Amount recognized in the Consolidated Balance Sheet

The funded status of our other postretirement benefit plans and the related amounts recognized in the consolidated balance sheets were as follows:



(in thousands)	2013			2012
Change in benefit obligation:
Benefit obligation, beginning of year	$	24,574		$	19,771
Service cost	72			75
Interest cost	938			1,029
Actuarial (gains) losses	(907		)	7,345
Benefits paid	(3,255		)	(3,408		)
Plan amendment	—			(238		)
Benefit obligation, end of year	$	21,422		$	24,574
Funded status of plan	$	(21,422	)	$	(24,574	)
Amounts recognized in the balance sheet consist of:
Short-term accrued benefit obligation	$	(1,961	)	$	(1,808	)
Accrued postretirement benefits	(19,461		)	(22,766		)
Net amount recognized	$	(21,422	)	$	(24,574	)

Other Postretirement Benefit Plans Pretax Amounts Recognized in Accumulated Other Comprehensive Income

The pre-tax amounts related to our other postretirement benefit plans which were recognized in accumulated other comprehensive (loss) income were as follows at June 30:



(in thousands)	2013			2012
Unrecognized net actuarial losses	$	5,213		$	6,538
Unrecognized net prior service credits	(563		)	(674		)
Total	$	4,650		$	5,864

Net periodic other postretirement costs (benefit)



(in thousands)	2013			2012			2011
Service cost	$	72		$	75		$	77
Interest cost	938			1,029			1,037
Amortization of prior service cost	(111		)	(89		)	—
Recognition of actuarial loss (gains)	417			(56		)	(190		)
Net periodic other postretirement benefit cost	$	1,316		$	959		$	924

Significant Actuarial Assumptions Used in Calculating the Present Value of Net Benefit Obligations

The significant actuarial assumptions used to determine the present value of net benefit obligations for our defined benefit pension plans and other postretirement benefit plans were as follows:



	2013		2012		2011
Discount Rate:
U.S. plans	4.9	%	4.0	%	5.5	%
International plans	3.5-4.8%		4.0-5.0%		5.5-5.8%
Rates of future salary increases:
U.S. plans	3.0-5.0%		3.0-5.0%		3.0-5.0%
International plans	2.5-3.0%		2.5-4.0%		2.0-3.5%

Significant Assumptions Used in Calculating Net Periodic Benefit Cost for our Pension and Other Postretirement and Postemployment Benefit Plans

The significant assumptions used to determine the net periodic costs (benefits) for our pension and other postretirement benefit plans were as follows:



	2013		2012		2011
Discount Rate:
U.S. plans	4.0	%	5.5	%	5.5	%
International plans	4.0-5.0%		5.5-5.8%		5.0-5.5%
Rates of future salary increases:
U.S. plans	3.0-5.0%		3.0-5.0%		3.0-5.0%
International plans	2.5-4.0%		2.0-3.5%		3.5	%
Rate of return on plans assets:
U.S. plans	8.0	%	8.0	%	8.0	%
International plans	5.6	%	5.8	%	6.4	%

Annual Assumed Rate of Increase in Per Capita Cost of Covered Benefits for Postretirement Benefit Plans

The annual assumed rate of increase in the per capita cost of covered benefits (the health care cost trend rate) for our postretirement benefit plans was as follows:



	2013		2012		2011
Health care costs trend rate assumed for next year	7.8	%	8.1	%	8.3	%
Rate to which the cost trend rate gradually declines	4.5	%	4.5	%	4.5	%
Year that the rate reaches the rate at which it is assumed to remain	2029		2029		2029

Calculated effect of change on assumption used to calculate cost components and obligations of healthcare plans

A change of one percentage point in the assumed health care cost trend rates would have the following effects on the total service and interest cost components of our other postretirement cost and other postretirement benefit obligation at June 30, 2013:



(in thousands)	1% Increase		1% Decrease
Effect on total service and interest cost components	$	49	$	(42	)
Effect on other postretirement obligation	735		(652		)

Asset Allocations and Target Allocations by Asset Class

Our defined benefit pension plans’ asset allocations as of June 30, 2013 and 2012 and target allocations for 2014, by asset class, were as follows:



	2013		2012		Target %
Equity	34	%	30	%	30	%
Fixed Income	61	%	65	%	70	%
Other	5	%	5	%	—	%

Fair Value of the Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy

The following table presents the fair value of the benefit plan assets classified under the appropriate level of the fair value hierarchy as of June 30, 2013:



(in thousands)	Level 1		Level 2		Level 3		Total
Corporate fixed income securities	$	—	$	363,027	$	—	$	363,027
Common / collective trusts:
Value funds	—		105,903		—		105,903
Growth funds	—		57,477		—		57,477
Balanced funds	—		19,370		—		19,370
Common stock	89,420		—		—		89,420
Government securities:
U.S. Government securities	—		54,857		—		54,857
Foreign government securities	—		29,115		—		29,115
Other fixed income securities	—		36,750		—		36,750
Other	1,625		38,535		—		40,160
Total investments	$	91,045	$	705,034	$	—	$	796,079

The following table presents the fair value of the benefit plan assets classified under the appropriate level of the fair value hierarchy as of June 30, 2012:



(in thousands)	Level 1		Level 2		Level 3		Total
Corporate fixed income securities	$	—	$	391,868	$	—	$	391,868
Common / collective trusts:
Value funds	—		96,216		—		96,216
Growth funds	—		52,011		—		52,011
Balanced funds	—		14,039		—		14,039
Common stock	76,685		—		—		76,685
Government securities:
U.S. Government securities	—		50,273		—		50,273
Foreign government securities	—		25,969		—		25,969
Other fixed income securities	—		36,165		—		36,165
Other	2,120		38,497		—		40,617
Total investments	$	78,805	$	705,038	$	—	$	783,843

Accumulated Other Comprehensive (Loss) Income Accumulated Other Comprehensive (Loss) Income (Tables)

12 Months Ended

Jun. 30, 2013

Comprehensive Income (Loss) And Accumulated Other Comprehensive (Loss) Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The components of accumulated other comprehensive (loss) income consist of the following at June 30 (in thousands):



2013	After-tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(12,481	)
Unrecognized net actuarial losses	(84,099		)
Unrecognized net prior service credit	1,322
Unrecognized transition obligation	(1,160		)
Foreign currency translation adjustments	7,414
Total accumulated other comprehensive loss	$	(89,004	)



2012	After-tax
Unrealized loss on derivatives designated and qualified as cash flow hedges	$	(13,247	)
Unrecognized net actuarial losses	(133,033		)
Unrecognized net prior service credit	1,282
Unrecognized transition obligation	(1,240		)
Foreign currency translation adjustments	(4,424		)
Total accumulated other comprehensive loss	$	(150,662	)

Stock-Based Compensation (Tables)

12 Months Ended

Jun. 30, 2013

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Assumptions used in our Black-Scholes valuation

The assumptions used in our Black-Scholes valuation related to grants made during 2013, 2012 and 2011 were as follows:



	2013		2012		2011
Risk-free interest rate	0.6	%	1.1	%	1.4	%
Expected life (years) ⁽²⁾	4.5		4.5		4.5
Expected volatility ⁽³⁾	49.5	%	47.6	%	47.0	%
Expected dividend yield	1.5	%	1.5	%	2.0	%

(2) Expected life is derived from historical experience.

(3) Expected volatility is based on the implied historical volatility of our stock.

Changes in stock options

Changes in our stock options for 2013 were as follows:



	Options		Weighted Average Exercise Price		Weighted Average Remaining Life (years)	Aggregate Intrinsic value (in thousands)
Options outstanding, June 30, 2012	2,891,563		$	28.46
Granted	388,894		36.83
Exercised	(511,073	)	24.28
Lapsed and forfeited	(40,316	)	31.35
Options outstanding, June 30, 2013	2,729,068		$	30.40	5.6	$	23,110
Options vested and expected to vest, June 30, 2013	2,699,095		$	30.34	5.5	$	23,017
Options exercisable, June 30, 2013	1,767,002		$	29.08	4.3	$	17,294

Restricted Stock Awards

Changes in our restricted stock awards for 2013 were as follows:



	Shares		Weighted Average Fair Value
Unvested restricted stock awards, June 30, 2012	24,030		$	28.83
Vested	(23,840	)	28.83
Forfeited	(190	)	29.60
Unvested restricted stock awards, June 30, 2013	—		$	—

Changes in time vesting and performance vesting restricted stock units

Changes in our time vesting and performance vesting restricted stock units for 2013 were as follows:



	Performance Vesting Stock Units		Performance Vesting Weighted Average Fair Value		Time Vesting Stock Units		Time Vesting Weighted Average Fair Value
Unvested performance vesting and time vesting restricted stock units, June 30, 2012	246,345		$	31.27	971,767		$	30.47
Granted	131,693		36.76		373,808		36.88
Vested	—		—		(477,444	)	28.14
Forfeited	(10,426	)	35.97		(52,921	)	34.22
Unvested performance vesting and time vesting restricted stock units, June 30, 2013	367,612		$	32.08	815,210		$	34.53

Segment Data (Tables)

12 Months Ended

Jun. 30, 2013

Segment Reporting [Abstract]

Segment Data

as follows:



(in thousands)	2013			2012			2011
Sales:
Industrial	$	1,471,882		$	1,667,434		$	1,528,672
Infrastructure	1,117,491			1,068,812			874,821
Total sales	$	2,589,373		$	2,736,246		$	2,403,493

Operating income:
Industrial	$	173,744		$	283,233		$	209,663
Infrastructure	130,537			141,640			121,733
Corporate	(7,887		)	(8,464		)	(9,723		)
Total operating income	$	296,394		$	416,409		$	321,673

Interest expense	$	27,472		$	27,215		$	22,760
Other expense (income), net	2,313			(775		)	2,780
Income before income taxes	$	266,609		$	389,969		$	296,133

Depreciation and amortization:
Industrial	$	66,939		$	70,329		$	68,000
Infrastructure	46,102			33,744			25,471
Corporate	63			—			—
Total depreciation and amortization	$	113,104		$	104,073		$	93,471

Equity income:
Industrial	$	42		$	7		$	229
Infrastructure	—			—			—
Total equity income	$	42		$	7		$	229

Total assets:
Industrial	$	1,362,626		$	1,465,300		$	1,531,409
Infrastructure	1,349,870			1,306,781			785,718
Corporate	588,543			262,107			437,342
Total assets	$	3,301,039		$	3,034,188		$	2,754,469

Capital expenditures:
Industrial	$	55,082		$	75,579		$	48,518
Infrastructure	27,753			27,457			26,411
Corporate	—			—			8,513
Total capital expenditures	$	82,835		$	103,036		$	83,442

Investments in affiliated companies:
Industrial	$	671		$	685		$	829
Infrastructure	—			—			—
Total investments in affiliated companies	$	671		$	685		$	829

Schedule of Revenue from External Customers Attributed to Foreign Countries by Geographic Area [Table Text Block]

Geographic information for sales, based on country of origin, and assets is as follows:



(in thousands)	2013		2012		2011
Sales:
United States	$	1,052,466	$	1,170,117	$	1,041,427
Germany	454,807		475,076		398,532
China	239,418		214,427		194,945
Italy	94,183		80,520		64,199
Canada	93,257		80,007		59,743
United Kingdom	92,614		82,635		63,466
India	83,401		105,136		103,366
Other	479,227		528,328		477,815
Total sales	$	2,589,373	$	2,736,246	$	2,403,493

Total assets:
United States	$	1,228,923	$	1,177,705	$	1,165,705
Germany	646,983		485,442		472,665
China	311,053		281,386		179,223
Switzerland	207,000		216,661		231,515
Italy	172,764		172,513		66,082
Canada	138,959		134,662		40,421
United Kingdom	107,738		104,805		67,549
India	94,914		95,618		129,104
Other	392,705		365,396		402,205
Total assets:	$	3,301,039	$	3,034,188	$	2,754,469

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References + Details

Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (Tables)

12 Months Ended

Jun. 30, 2013

Selected Quarterly Financial Data [Abstract]

Selected Quarterly Financials Data [Table Text Block]

SELECTED QUARTERLY FINANCIAL DATA (unaudited)



For the quarter ended (in thousands, except per share data)	September 30		December 31		March 31		June 30
2013
Sales	$	629,459	$	633,144	$	655,360	$	671,410
Gross profit	208,348		199,447		208,495		228,714
Net income attributable to Kennametal	46,390		42,142		53,916		60,818
Basic earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.58		0.53		0.68		0.77
Diluted earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.57		0.52		0.67		0.76
2012
Sales	$	658,877	$	641,741	$	696,411	$	739,216
Gross profit	251,060		231,886		246,446		264,857
Net income attributable to Kennametal	71,986		73,697		75,499		86,048
Basic earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.89		0.92		0.94		1.07
Diluted earnings per share attributable to Kennametal ⁽⁵⁾
Net income	0.88		0.91		0.93		1.06

Summary Of Significant Accounting Policies Summary of Significant Accounting Policies (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Goodwill, Gross	$ 872,597	$ 870,192	$ 662,170
Goodwill, Accumulated Impairment Loss	(150,842)	(150,842)	(150,842)
Goodwill	721,755	719,350	511,328
Goodwill, Acquired During Period		242,553
Translation	2,405	(34,531)
Goodwill, Period Increase (Decrease)	2,405	208,022
Industrial [Member]
Goodwill, Gross	396,198	394,883	411,945
Goodwill, Accumulated Impairment Loss	(150,842)	(150,842)	(150,842)
Goodwill	245,356	244,041	261,103
Goodwill, Acquired During Period		0
Translation	1,315	(17,062)
Goodwill, Period Increase (Decrease)	1,315	(17,062)
Infrastructure [Member]
Goodwill, Gross	476,399	475,309	250,225
Goodwill	476,399	475,309	$ 250,225
Goodwill, Acquired During Period		242,553
Translation	1,090	(17,469)
Goodwill, Period Increase (Decrease)	$ 1,090	$ 225,084

- Definition

Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 45
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6388280&loc=d3e13770-109266

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 43
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 1
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 68
-Subparagraph l
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 34
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

The increase (decrease) in the recorded value of goodwill for foreign currency translation adjustments and purchase accounting adjustments needed to revise the carrying amount of goodwill to fair value.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=14024403&loc=d3e13816-109267

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 141R
-Paragraph 72
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 3
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 6
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 142
-Paragraph 45
-Subparagraph e
-Clause 7
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Summary Of Significant Accounting Policies Summary of Significant Accounting Policies (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ (111,440)	$ (89,886)
Finite and Infinite Lived Intangible Assets Gross	334,205	$ 333,373
Contract-based [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life		10 years
Finite-Lived Intangible Assets, Gross	21,450	$ 21,450
Finite-Lived Intangible Assets, Accumulated Amortization	(8,374)	(6,423)
Technology-Based and other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	38,005	37,594
Finite-Lived Intangible Assets, Accumulated Amortization	(26,006)	(24,384)
Customer-related [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	178,318	178,500
Finite-Lived Intangible Assets, Accumulated Amortization	(58,148)	(44,354)
Unpatented Technology [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	45,972	46,035
Finite-Lived Intangible Assets, Accumulated Amortization	(9,761)	(6,943)
Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	14,055	13,977
Finite-Lived Intangible Assets, Accumulated Amortization	(9,151)	(7,782)
Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 36,405	$ 35,817
Minimum [Member] \| Contract-based [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Minimum [Member] \| Technology-Based and other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Minimum [Member] \| Customer-related [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Minimum [Member] \| Unpatented Technology [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Minimum [Member] \| Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Maximum [Member] \| Contract-based [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Maximum [Member] \| Technology-Based and other [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	17 years
Maximum [Member] \| Customer-related [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Maximum [Member] \| Unpatented Technology [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Maximum [Member] \| Trademarks [Member]
Finite Lived And Indefinite Lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years

Summary Of Significant Accounting Policies (Details 2) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011	Oct. 26, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exercisable Period for Capital Stock Options	10 years
Deferred Compensation Arrangement with Individual, Fair Value of Shares Issued	$ 0.1	$ 0.4	$ 0.8
Two Thousand Ten Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				3,500,000

Summary Of Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands, shares in Millions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2016	Jun. 30, 2015	Jun. 30, 2014
Summary Of Significant Accounting Policies (Textual) [Abstract]
Conditions for Investments in Entities Accounted for Equity Basis	0.50
Conditions for Investments in Entities Accounted for on Cost Basis	0.50
Excess and obsolete inventory reserve	$ 52,700	$ 55,000
Amortization	20,760	16,351	$ 11,602
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months								$ 20,900
Finite-Lived Intangible Assets, Amortization Expense, Year Two							$ 20,100
Finite-Lived Intangible Assets, Amortization Expense, Year Three						$ 19,800
Finite-Lived Intangible Assets, Amortization Expense, Year Four					$ 18,300
Finite-Lived Intangible Assets, Amortization Expense, Year Five				$ 18,000
Increase Decrease in Intangible Assets Due to Foreign Currency Translation Adjustments	$ 200	$ (11,100)
Increase in weighted average shares due to dilutive effect of unexercised capital stock options, unvested restricted stock awards and unvested restricted stock units	1.1	1.2	1.1
Unexercised capital stock options, restricted stock units and restricted stock awards excluded from computation of diluted EPS	1.0	0.7	0.4
Conditions of Shipment are Considered to Have Occurred Unless Written Notice of Objection is Received	10
Termination of Warranty	30
Research and Development Expense	$ 39,700	$ 38,300	$ 33,300
Currency Transaction Gain (Loss), before Tax	$ 4,500	$ 2,600	$ 6,600
Minimum [Member] \| Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Minimum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	4 years
Minimum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years
Minimum [Member] \| ComputerHardwareAndSoftware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	3 years
Maximum [Member] \| Building and Improvements [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	40 years
Maximum [Member] \| Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	15 years
Maximum [Member] \| Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	10 years
Maximum [Member] \| ComputerHardwareAndSoftware [Member]
Property, Plant and Equipment [Line Items]
Property, Plant and Equipment, Useful Life	5 years

Summary Of Significant Accounting Policies Summary of Signficant Accounting Policies (Details Additional textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Accumulated Amortization	$ 111,440	$ 89,886
Goodwill, Acquired During Period		242,553
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets		103,800
Stellite [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets		103,793
Contract-based [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	21,450	21,450
Finite-Lived Intangible Assets, Accumulated Amortization	$ 8,374	$ 6,423
Finite-Lived Intangible Asset, Useful Life		10 years
Acquired Finite-lived Intangible Asset, Amount		$ 15,000
Contract-based [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Contract-based [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	4 years
Customer-related[Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 178,318	178,500
Finite-Lived Intangible Assets, Accumulated Amortization	$ 58,148	44,354
Customer-related[Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Customer-related[Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	10 years
Customer-related[Member] \| Stellite [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets		$ 73,800
Finite-Lived Intangible Asset, Useful Life		20 years
Unpatented Technology [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 45,972	$ 46,035
Finite-Lived Intangible Assets, Accumulated Amortization	$ 9,761	6,943
Unpatented Technology [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	30 years
Unpatented Technology [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	15 years
Unpatented Technology [Member] \| Stellite [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets		$ 28,300
Unpatented Technology [Member] \| Stellite [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		17 years
Unpatented Technology [Member] \| Stellite [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life		15 years
Trademarks [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Assets, Gross	$ 14,055	$ 13,977
Finite-Lived Intangible Assets, Accumulated Amortization	$ 9,151	7,782
Trademarks [Member] \| Maximum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	20 years
Trademarks [Member] \| Minimum [Member]
Business Acquisition [Line Items]
Finite-Lived Intangible Asset, Useful Life	5 years
Trademarks [Member] \| Stellite [Member]
Business Acquisition [Line Items]
Business Acquisition, Purchase Price Allocation, Amortizable Intangible Assets		$ 1,700
Finite-Lived Intangible Asset, Useful Life		5 years

Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Cash paid during the period for:
Interest	$ 24,432	$ 27,395	$ 26,624
Income taxes	51,098	55,728	60,459
Change In Accounts Payable Related To Purchases Of Property, Plant And Equipment	(8,600)
Contribution of Capital Stock to Employees Defined Contribution Benefit Plans	$ 0	$ 0	$ 948

Acquisition Acquisition (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Assets, Current [Abstract]
Other Intangible Assets		$ 103,800
Noncontrolling Interest [Abstract]
Noncontrolling Interests	$ 30,467	24,371
Stellite [Member]
Assets, Current [Abstract]
Accounts Receivable		44,414
Inventories		42,270
Other Current Assets		5,094
Total Current Assets		91,778
Property and equipment		76,146
Goodwill		242,553
Other Intangible Assets		103,793
Deferred Income Taxes		22,392
Other		70
Total Assets		536,732
Current Liabilities [Abstract]
Short Term Debt and Current Maturities of Long-term Debt		4,685
Accounts Payable		43,534
Accrued Income Taxes		24,688
Other Current Liabilities		17,487
Total Current Liabilities		90,394
Long-Term Debt and Capital Leases		5,379
Deferred Income Taxes		48,537
Other Long-term Liabilities		4,649
Total Liabilities		148,959
Noncontrolling Interest [Abstract]
Noncontrolling Interests		5,211
Net Assets Acquired [Abstract]
Net Assets Acquired		$ 382,562

Acquisition (Details 1) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2012	Jun. 30, 2011
Pro forma (unaudited):
Net Sales	$ 3,042,987	$ 2,675,119
Net income attributable to Kennametal	$ 333,808	$ 238,409
Per share data attributable to Kennametal :
Basic earnings per share	$ 4.16	$ 2.91
Diluted earnings per share	$ 4.10	$ 2.87

- Definition

The pro forma basic net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

- Definition

The pro forma diluted net income per share for a period as if the business combination or combinations had been completed at the beginning of a period.

+ References + Details

Acquisition (Details Textual) - Stellite [Member]	12 Months Ended
Acquisition (Details Textual) - Stellite [Member]	Jun. 30, 2013 USD ($)	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)	Mar. 01, 2012 USD ($) Employee
Acquisitions (Textual) [Abstract]
Number of Stellite Employees \| Employee				1,300
Number of Primary Operating Facilities				7
Purchase price for acquiring Deloro Stellite				$ 382,600,000
Acquisition Related Costs		$ 8,900,000
Goodwill		242,553,000
Net sales	$ 238,000,000	90,100,000
Net income (loss) attributable to Kennametal	$ 2,400,000	(7,100,000)
Acquisition And Integration Related Expenses		$ 10,100,000	$ 14,300,000.0

Fair Value Measurements (Details) - USD ($)
$ in Thousands

Jun. 30, 2013

Jun. 30, 2012

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivatives Assets

^[1]

$ 775

$ 1,855

Total assets at fair value

775

1,855

Derivatives Liabilities

^[1]

530

193

Total liabilities at fair value

530

193

Fair Value, Measurements, Recurring [Member] | Level 2 [Member]

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Derivatives Assets

^[1]

775

1,855

Total assets at fair value

775

1,855

Derivatives Liabilities

^[1]

530

193

Total liabilities at fair value

$ 530

$ 193

[1]	Currency derivatives are valued based on observable market spot and forward rates and are classified within Level 2 of the fair value hierarchy.

- Definition

Fair values as of the balance sheet date of all assets resulting from contracts that meet the criteria of being accounted for as derivative instruments, net of the effects of master netting arrangements.

+ References + Details

Derivative Instruments and Hedging Activities (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Fair value of derivatives
Total derivatives designated as hedging instruments	$ 205	$ 364
Total derivatives not designated as hedging instruments	40	1,298
Total derivatives	245	1,662
Range Forward Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Fair value of derivatives
Derivative assets designated as hedging instruments	658	554
Range Forward Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Fair value of derivatives
Derivative liabilities designated as hedging instruments	(522)	(193)
Range Forward Contracts [Member] \| Designated as Hedging Instrument [Member] \| Other Assets [Member]
Fair value of derivatives
Derivative assets designated as hedging instruments	69	3
Currency Forward Contracts [Member] \| Not Designated as Hedging Instrument [Member] \| Other Current Assets [Member]
Fair value of derivatives
Derivative assets designated as hedging instruments	48	1,298
Currency Forward Contracts [Member] \| Not Designated as Hedging Instrument [Member] \| Other Current Liabilities [Member]
Fair value of derivatives
Derivative liabilities designated as hedging instruments	$ (8)	$ 0

Derivative Instruments and Hedging Activities (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Currency Forward Contracts [Member] \| Other Expense Income Net [Member] \| Not Designated as Hedging Instrument [Member]
Derivative Instruments, (Gain )Loss Recognized in Income, Net
Other expense (income), net - currency forward contracts	$ 1,210	$ (1,149)	$ (1,138)
Range Forward Contracts [Member] \| Cash flow hedging [Member]
(Gains) losses related to cash flow hedges
Losses recognized in other comprehensive loss, net	(611)	(11,165)	(820)
Losses reclassified from accumulated other comprehensive loss into other expense (income), net	$ 1,116	$ 270	$ 663

Derivative Instruments and Hedging Activities (Details Textual) - USD ($) $ in Thousands	1 Months Ended		12 Months Ended
	Feb. 28, 2012	Feb. 27, 2009	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011	Feb. 14, 2012
Derivative Instruments and Hedging Activities (Textual) [Abstract]
Terminated Interest Rate Swap Contracts		$ 200,000
Recognize loss on outstanding derivatives in the next 12 months			$ 200
Gains or losses recognized in earnings due to ineffectiveness and excluded from effectiveness testing			0	$ 0
Derivative, Gain (Loss) on Derivative, Net [Abstract]
Payments for derivative hedging instrument upon settlement	$ 22,400		0	22,406	$ 0
Forward Starting Interest Rate Swap Contracts [Member]
Additional Derivative Instruments and Hedging Activities (Textual) [Abstract]
Notional amount of the contracts translated into U.S. dollars						$ 150,000
Contracts translated to US dollars [Member]
Additional Derivative Instruments and Hedging Activities (Textual) [Abstract]
Notional amount of the contracts translated into U.S. dollars			$ 102,200	$ 69,900

Derivative Instruments and Hedging Activities (Details Textual 1) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Interest Rate Swap Contracts [Member] \| Interest Expense [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Reduction in interest expense		$ 5.9	$ 5.9
Forward Starting Interest Rate Swap Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Interest expense	$ 1.9	$ 0.7

- Definition

The amount of loss recognized in income during the period on derivative instruments designated and qualifying as hedging instruments in fair value hedges and related hedged items designated and qualifying in fair value hedges, on derivative instruments designated and qualifying as hedging instruments in cash flow hedges, and on derivative instruments not designated as hedging instruments.

+ References + Details

Inventories (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Inventories
Finished goods	$ 303,307	$ 319,217
Work in process and powder blends	244,180	252,035
Raw materials	137,602	135,454
Inventories at current cost	685,089	706,706
Less: LIFO valuation	(106,294)	(120,850)
Total inventories	$ 578,795	$ 585,856
Inventories (Textual) [Abstract]
Percentage of inventories valued by using LIFO method	52.00%	49.00%

Other Current Liabilities Other Current Liabilities (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Other Liabilities, Current [Abstract]
Accrued Employee Benefits	$ 21,663	$ 33,783
Payroll State and Local Taxes	14,885	14,290
Other	88,199	99,490
Total Other Current Liabilities	$ 124,747	$ 147,563

- Definition

Aggregate carrying amount of current liabilities (due within one year or within the normal operating cycle if longer) not separately disclosed in the balance sheet. Includes costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered and of liabilities not separately disclosed.

+ References + Details

Long - Term Debt and Capital Leases Long-term Debt and Capital Leases (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Long-term Debt and Capital Lease Obligations Current and Noncurrent
Capital leases with terms expiring through 2018 at 2.3% to 5.4% in 2013 and 2.3% to 5.7% in 2012	$ 4,553	$ 6,195
Other Long-term Debt	9	6,139
Total Debt and Capital Leases	707,364	524,180
Long-term Debt, Current Maturities [Abstract]
Long-term Debt, Current Maturities	(3,600)	(27,200)
Other Long-term Debt, Current	(9)	(5,814)
Capital Lease Obligations, Current	(129)	(558)
Total Current Maturities	(3,738)	(33,572)
Long-term Debt and Capital Leases, Less Current Maturities	703,626	490,608
2.650% Senior Notes due 2019 [Member]
Long-term Debt and Capital Lease Obligations Current and Noncurrent
Long-term Debt	399,519	0
3.875% Senior Unsecured Notes Due in 2022 [Member]
Long-term Debt and Capital Lease Obligations Current and Noncurrent
Long-term Debt	299,683	299,646
U.S. Dollar Denominated Borrowings, 1.08% in 2013 and 1.24% in 2012, Due 2018 [Member]
Long-term Debt and Capital Lease Obligations Current and Noncurrent
Long-term Debt	$ 3,600	$ 212,200

Long - Term Debt and Capital Leases Long-Term Debt and Capital Leases (Details 1) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Future Minimum Lease Payments Under Capital Leases
2014	$ 317
2015	2,896
2016	1,085
2017	601
2018	199
After 2018	0
Total Future Minimum Lease Payments	5,098
Less Amount Representing Interest	(545)
Capital Lease Obligations	$ 4,553	$ 6,195

Long -Term Debt and Capital Leases (Details Textual) - USD ($) $ in Thousands		1 Months Ended	12 Months Ended
	Nov. 07, 2012	Feb. 29, 2012	Jun. 30, 2013	Jun. 30, 2012	Jun. 15, 2012	Feb. 14, 2012	Oct. 21, 2011
Long Term Debt and Capital Leases (Additional Textual) [Abstract]
Minimum Interest Rate Stated Percentage under Capital Lease with terms			2.30%	2.30%
Maximum Interest Rate Stated Percentage under Capital Leases with terms			5.40%	5.70%
Future Principal Maturities of Long-term Debt in 2014			$ 3,600
Future Principal Maturities of Long-term Debt Beyond 2018			699,200
Capital Lease Obligations			$ 4,553	$ 6,195
Us Dollar Denominated Borrowings [Member]
Long-Term Debt and Capital Leases (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage			1.08%	1.24%
2.650% Senior Notes due 2019 [Member]
Long-Term Debt and Capital Leases (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	2.65%
Debt Instrument, Unamortized Discount			$ 500
Long Term Debt and Capital Leases (Additional Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt	$ 400,000
3.875% Senior Unsecured Notes Due in 2022 [Member]
Long-Term Debt and Capital Leases (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage						3.875%
Debt Instrument, Unamortized Discount			300	$ 400
Long Term Debt and Capital Leases (Additional Textual) [Abstract]
Proceeds from Issuance of Senior Long-term Debt		$ 300,000
7.2% Senior Unsecured Notes Due in 2012 [Member]
Long-Term Debt and Capital Leases (Textual) [Abstract]
Debt Instrument, Interest Rate, Stated Percentage					7.20%
2011 Credit Agreement [Member]
Long-Term Debt and Capital Leases (Textual) [Abstract]
Maximum Borrowing Capacity under the 2011 Credit Agreement							$ 600,000
Borrowing outstanding under 2011 Credit Agreement			$ 3,600	$ 212,200
Term of Long Term Debt							5 years

Notes Payable and Lines of Credit Notes Payable and Lines of Credit (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Notes Payable and Lines of Credit (Additional Textual) [Abstract]
Notes Payable	$ 40,581	$ 41,565
Weighted Average Interest Rate for Notes Payable and Lines of Credit	2.10%	2.50%
Notes Payable to Banks [Member]
Notes Payable and Lines of Credit (Textual) [Abstract]
Line of Credit Facility, Maximum Borrowing Capacity	$ 89,600
Line of Credit Facility, Remaining Borrowing Capacity	49,000
Notes Payable and Lines of Credit (Additional Textual) [Abstract]
Notes Payable	$ 40,600	$ 41,600

Income Taxes Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Income Before Income Taxes
United States	$ 87,499	$ 95,410	$ 69,042
International	179,110	294,559	227,091
Total Before Income Taxes	266,609	389,969	296,133
Current Income Taxes
Federal	10,645	23,313	26,234
State	3,441	2,275	1,063
International	45,375	24,946	44,440
Total Current Income Taxes	59,461	50,534	71,737
Deferred Income Taxes	232	28,602	(7,881)
Provision for income taxes	$ 59,693	$ 79,136	$ 63,856
Effective tax rate	22.38972%	20.2929%	21.56328%

Income Taxes Income Taxes (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Reconciliation of Income Taxes Computed Using the Statutory U.S. Income Tax Rate and the Provision for Income Taxes [Abstract]
Income Taxes at U.S Statutory Rate	$ 93,313	$ 136,489	$ 103,647
State Income Taxes, Net of Federal Tax Benefits	4,051	4,110	1,956
US Income Tax Provided On International Income	3,067	8,164	21,556
Combined Tax Effects of International Income	(30,692)	(50,574)	(35,423)
Change in Valuation Allowance and Other Uncertain Tax Positions	(4,550)	(16,243)	(20,215)
Impact of Domestic Production Activities Deduction	(3,546)	(3,810)	(6,413)
Research and Development Credit	(4,141)	(1,515)	(2,685)
Other	2,191	2,515	1,433
Provision for income taxes	$ 59,693	$ 79,136	$ 63,856

Income Taxes Income Taxes (Details 2) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Deferred Tax Assets
Net Operating Loss Carryforwards	$ 50,984	$ 68,782
Inventory Valuation and Reserves	21,935	26,363
Pension Benefits	6,402	38,552
Other Postretirement Benefits	9,163	9,958
Accrued Employee Benefits	33,666	30,179
Other Accrued Liabilities	9,368	8,857
Hedging Activities	13,994	13,338
Tax Credit and Other Carryforwards	1,708	6,354
Other	20,918	0
Total	168,138	202,383
Valuation Allowance	(15,569)	(19,502)
Total Deferred Tax (Liabilities) Assets	152,569	182,881
Deferred Tax Liabilities
Tax Depreciation in Excess of Book	107,623	109,948
Intangible Assets	64,614	68,806
Other	0	448
Total Deferred Tax Liabilities	172,237	179,202
Total Net Deferred Tax (Liabilities) Assets	$ (19,668)	$ 3,679

Income Taxes Income Taxes (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Income Tax Disclosure [Abstract]
Balance at beginning of year	$ 26,798	$ 7,298	$ 18,289
Increases for tax positions of prior years	0	946
Increases for tax positions related to the current year	23,231	116
Decreases for tax positions related to the current year	0	(1,635)
Decreases related to settlement with taxing authority	(3,813)	(7,280)
Decreases related to lapse of statute of limitations	0	(805)
Foreign currency translation	82	(2,333)
Balance at end of year	$ 26,798	$ 7,298

Income Taxes (Details Textual) - USD ($) $ in Thousands	12 Months Ended
Income Taxes (Details Textual) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Income Tax (Textual) [Abstract]
Valuation Allowance Adjustment		$ 6,900	$ 20,500
Tax Adjustments, Settlements, and Unusual Provisions	$ 4,200	9,000
Domestic Income Taxes Associated with Dividends of International Subsidiary Current Year Income			17,900
Unrealized Tax Benefits associated with Net Operating Loss Carryforwards in Federal, State and Foreign Jurisdiction	51,000
Unrealized Tax Benefits Expiring Through June 2018	5,200
Unrealized Tax Benefits Expiring Through 2023	9,100
Unrealized Tax Benefits Expiring Through 2028	2,200
Unrealized Tax Benefits Expiring Through 2033	1,300
Unrealized Tax Benefits that Do Not Expire	33,200
Valuation Allowance	15,569	19,502
Valuation Allowance Adjustments During 2013	3,900
Unremitted Earnings of Foreign Subsidiaries and Affiliates	2,233,600
Unrecognized Tax Benefits that Would Impact Effective Tax Rate	4,300	6,400	18,000
Reduction in Interest	1,900	900
Interest Expense			$ 900
Penalties Recognized Through Goodwill		300
Interest Accrued	700	1,900
Penalties Accrued	400	$ 300
Deferred Tax Assets, Other	22,500
Reasonably Possible amount of Unrecognized Tax Benefits within next 12 months as a result of progreession of various federal, state and foreign audits in progress, Lower Range	$ 200

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Change in Benefit Obligation
Participant Contributions	$ 28	$ 34
Change in Plan Assets
Fair Value of Plan Assets, Beginning of Year	783,843
Actual Return on Plan Assets	47,660	68,082
Company Contributions	9,788	9,683
Participant Contributions	28	34
Fair Value of Plan Assets, End of Year	796,079	783,843
Pension plans contribution [Member]
Change in Benefit Obligation
Benefit Obligation, Beginning of Year	958,306	786,572
Service Cost	7,797	6,982	$ 7,650
Interest Cost	38,183	42,107	40,984
Participant Contributions	28	34
Actuarial (Gains) Losses	(71,974)	153,680
Benefits and Expenses Paid	(40,898)	(39,051)
Currency Translation Adjustment	173	(16,437)
Effect of Acquired Business / Plan Combination	0	28,296
Plan Curtailments / Settlements	(784)	(3,877)
Benefit Obligation, End of Year	890,831	958,306	786,572
Change in Plan Assets
Fair Value of Plan Assets, Beginning of Year	783,843	725,466
Participant Contributions	28	34
Benefits and Expenses Paid	(40,898)	(39,051)
Plan Curtailments / Settlements	(784)	(3,877)
Effect of acquired business/plan combinations	0	26,438
Currency translation adjustments	(3,558)	(2,932)
Fair Value of Plan Assets, End of Year	796,079	783,843	$ 725,466
Funded Status of Plan	(94,752)	(174,463)
Amounts Recognized in Balance Sheet
Long-term Prepaid Benefit	57,385	2,803
Short-term Accrued Benefit Obligation	(9,353)	(9,285)
Accrued Pension Benefits	(142,784)	(167,981)
Net Amount Recognized	$ (94,752)	$ (174,463)

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 1) - Pension plans contribution [Member] - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Pension and Other Postretirement Benefit Plans, Accumulated Other Comprehensive Income (Loss), before Tax [Abstract]
Unrecognized Net Actuarial Losses	$ 113,452	$ 191,340
Unrecognized Net Prior Service Credits	(1,498)	(1,379)
Unrecognized Transition Obligations	1,101	1,193
Total	$ 113,055	$ 191,154

- Definition

The pretax net amount of gains and losses that are not yet recognized as a component of net periodic benefit cost, and that are recognized as increases or decreases in other comprehensive income as they arise. Gains and losses are due to changes in the value of either the benefit obligation or the plan assets resulting from experience different from that assumed or from a change in an actuarial assumption, or the consequence of a decision to temporarily deviate from the substantive plan.

+ References + Details

- Definition

Amount related to the pretax cost of benefit changes attributable to plan participants' prior service pursuant to a plan amendment or a plan initiation, which has not yet been recognized as components of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 60
-Glossary Prior Service Cost
-URI http://asc.fasb.org/extlink&oid=6521920

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (j)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 30
-Glossary Prior Service Cost
-URI http://asc.fasb.org/extlink&oid=6521884

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Before tax amount of net transition assets (obligations) which has yet to be recognized as a component of net periodic benefit cost.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (i)-(j)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Transition Asset
-URI http://asc.fasb.org/extlink&oid=6749452

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Transition Obligation
-URI http://asc.fasb.org/extlink&oid=6749492

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 158
-Paragraph 7
-Subparagraph c
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph i
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph ii
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 2) - Pension plans contribution [Member] - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Defined Benefit Plan Disclosure [Line Items]
Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Projected Benefit Obligation	$ 184,805	$ 855,697
Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Accumulated Benefit Obligation	183,056	835,870
Accumulated Benefit Obligations in Excess of Plan Assets, Aggregate Fair Value of Plan Assets	$ 34,405	$ 671,588

Pension and Other Postretirement Benefits (Details 3) - Pension plans contribution [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Net periodic pension cost
Service cost	$ 7,797	$ 6,982	$ 7,650
Interest cost	38,183	42,107	40,984
Expected return on plan assets	(56,111)	(51,376)	(48,203)
Amortization of transition obligation	69	65	52
Amortization of prior service cost	(195)	(186)	(281)
Settlement Loss	158	1,253	18
Recognition of actuarial losses	14,961	8,259	12,277
Net periodic pension cost	$ 4,862	$ 7,104	$ 12,497

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Change in Benefit Obligation
Benefits Paid	$ (40,898)	$ (39,051)
Other postretirement benefit plans [Member]
Change in Benefit Obligation
Benefit Obligation, Beginning of Year	24,574	19,771
Service Cost	72	75	$ 77
Interest Cost	938	1,029	1,037
Actuarial (Gains) Losses	(907)	7,345
Benefits Paid	(3,255)	(3,408)
Plan Amendments	0	(238)
Benefit Obligation, End of Year	21,422	24,574	$ 19,771
Funded Status of Plan	(21,422)	(24,574)
Amounts Recognized in Balance Sheet
Short-term Accrued Benefit Obligation	(1,961)	(1,808)
Accrued Pension Benefits	(19,461)	(22,766)
Net Amount Recognized	$ (21,422)	$ (24,574)

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 5) - Other postretirement benefit plans [Member] - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Defined Benefit Plan, Amounts Recognized in Other Comprehensive Income (Loss) [Abstract]
Unrecognized Net Actuarial Losses	$ 5,213	$ 6,538
Unrecognized Net Prior Service Credits	(563)	(674)
Total	$ 4,650	$ 5,864

- Definition

+ References + Details

- Definition

+ References

+ Details

Pension and Other Postretirement Benefits (Details 6) - Other postretirement benefit plans [Member] - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Net periodic other postretirement benefit costs
Service cost	$ 72	$ 75	$ 77
Interest cost	938	1,029	1,037
Amortization of prior service credit	(111)	(89)	0
Recognition of actuarial loss (gains)	417	(56)	(190)
Net periodic pension cost	$ 1,316	$ 959	$ 924

- Definition

The increase in a defined benefit pension plan's projected benefit obligation or a defined benefit postretirement plan's accumulated postretirement benefit obligation due to the passage of time.

+ References + Details

- Definition

The actuarial present value of benefits attributed by the pension benefit formula to services rendered by employees during the period. The portion of the expected postretirement benefit obligation attributed to employee service during the period. The service cost component is a portion of the benefit obligation and is unaffected by the funded status of the plan.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Service Cost (Component of Net Periodic Pension Cost)
-URI http://asc.fasb.org/extlink&oid=6525008

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-URI http://asc.fasb.org/extlink&oid=21915506&loc=d3e1928-114920

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 87
-Paragraph 264
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 132R
-Paragraph 5
-Subparagraph a, h
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 106
-Paragraph 518
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 7)	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
U.S. Plans [Member]
Discount Rate
Discount Rate	4.90%	4.00%	5.50%
Minimum [Member] \| U.S. Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	3.00%	3.00%	3.00%
Minimum [Member] \| International Plans [Member]
Discount Rate
Discount Rate	3.50%	4.00%	5.50%
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	2.50%	2.50%	2.00%
Maximum [Member] \| U.S. Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	5.00%	5.00%	5.00%
Maximum [Member] \| International Plans [Member]
Discount Rate
Discount Rate	4.80%	5.00%	5.80%
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increase	3.00%	4.00%	3.50%

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 8)	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
U.S. Plans [Member]
Discount Rate [Abstract]
Discount Rate	4.00%	5.50%	5.50%
Rate of Return on Plans Assets [Abstract]
Rate of Return on Plan Assets	8.00%	8.00%	8.00%
International Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increases			3.50%
Rate of Return on Plans Assets [Abstract]
Rate of Return on Plan Assets	5.60%	5.80%	6.40%
Minimum [Member] \| U.S. Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increases	3.00%	3.00%	3.00%
Minimum [Member] \| International Plans [Member]
Discount Rate [Abstract]
Discount Rate	4.00%	5.50%	5.00%
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increases	2.50%	2.00%
Maximum [Member] \| U.S. Plans [Member]
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increases	5.00%	5.00%	5.00%
Maximum [Member] \| International Plans [Member]
Discount Rate [Abstract]
Discount Rate	5.00%	5.80%	5.50%
Rates of Future Salary Increases [Abstract]
Rate of Future Salary Increases	4.00%	3.50%

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 9) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Annual assumed rate of increase in per capita cost of covered benefits for postretirement benefit plans
Health Care Cost Trend Rate Assumed for Next Year	7.80%	8.10%	8.30%
Rate to which the Cost Trend Rate Gradually Declines	4.50%	4.50%	4.50%
Year that the Rate Reaches the Rate at which it is assumed to Remain	2029	2029	2029
Calculated effect of change on assumption used to calculate cost components and obligations of healthcare plans
Effect on Total Service and Interest Cost Components, Increase	$ 49
Effect on Total Service and Interest Cost Components, Decrease	(42)
Effect on Other Postretirement Obligation, Increase	735
Effect on Other Postretirement Obligation, Decrease	$ (652)
Defined Benefit Plan Asset Allocations
Equity	34.00%	30.00%
Fixed Income	61.00%	65.00%
Other	5.00%	5.00%
Equity, Target Percentage	30.00%
Fixed Income, Target Percentage	70.00%
Other, Target Percentage	0.00%

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details 10) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	$ 796,079	$ 783,843
Level 1 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	91,045	78,805
Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	705,034	705,038
Corporate Fixed Income Securities [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	363,027	391,868
Corporate Fixed Income Securities [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	363,027	391,868
Value Funds [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	105,903	96,216
Value Funds [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	105,903	96,216
Growth Funds [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	57,477	52,011
Growth Funds [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	57,477	52,011
Balanced Funds [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	19,370	14,039
Balanced Funds [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	19,370	14,039
Common Stock [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	89,420	76,685
Common Stock [Member] \| Level 1 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	89,420	76,685
US Government Securities [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	54,857	50,273
US Government Securities [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	54,857	50,273
Foreign Government Securities [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	29,115	25,969
Foreign Government Securities [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	29,115	25,969
Other Fixed Income Securities [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	36,750	36,165
Other Fixed Income Securities [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	36,750	36,165
Other [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	40,160	40,617
Other [Member] \| Level 1 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	1,625	2,120
Other [Member] \| Level 2 [Member]
Benefit Plan Assets Classified Under Appropriate Level of Fair Value Hierarchy [Abstract]
Defined Benefit Plan, Fair Value of Plan Assets	$ 38,535	$ 38,497

Pension and Other Postretirement Benefits Pension and Other Postretirement Benefits (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Defined Benefit Plan Disclosure [Line Items]
Eligible Age for Availing Postretirement Healthcare Benefits	55
Defined Benefit Plans, General Information	10
Defined Contribution Pension and Other Postretirement Plans Disclosure [Abstract]
Defined Contribution Plan, Cost Recognized	$ 11,646	$ 15,439	$ 16,953
Pension plans contribution [Member]
Defined Benefit Plan Disclosure [Line Items]
Accumulated Benefit Obligation for all Defined Benefit Pension Plans	900	900
Decrease In Net Periodic Pension Costs	(2,200)
Net Periodic Pension Cost	4,862	7,104	12,497
Projected Benefit Payments for 2014	45,600
Projected Benefit Payments for 2015	45,900
Projected Benefit Payments for 2016	47,500
Projected Benefit Payments for 2017	50,800
Projected Benefit Payments for 2018	51,700
Projected Benefit Payments for 2019 through 2023	294,600
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost during 2014 related to Net Actuarial Loss	2,500
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost during 2014 related to Transition Obligations	74
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost during 2014 related to Prior Service Credit	200
Estimated Future Employer Contributions in 2014	12,200
Other postretirement benefit plans [Member]
Defined Benefit Plan Disclosure [Line Items]
Special Termination Benefits Due to Plan Amendments	0	(238)
Net Periodic Pension Cost	1,316	$ 959	$ 924
Projected Benefit Payments for 2014	2,200
Projected Benefit Payments for 2015	2,100
Projected Benefit Payments for 2016	2,100
Projected Benefit Payments for 2017	2,000
Projected Benefit Payments for 2018	1,900
Projected Benefit Payments for 2019 through 2023	8,100
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost during 2014 related to Net Actuarial Loss	300
Accumulated Other Comprehensive Loss Expected to be Recognized in Net Periodic Pension Cost during 2014 related to Prior Service Credit	100
Estimated Future Employer Contributions in 2014	$ 2,100

Accumulated Other Comprehensive (Loss) Income Accumulated Other Comprehensive (Loss) Income (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012
Comprehensive Income (Loss) And Accumulated Other Comprehensive (Loss) Income [Abstract]
Accumulated Other Comprehensive Income Loss Cumulative Changes in Unrealized Loss On Derivatives Desigated and Qualified as Cash Flow Hedges, Effect Net of Tax	$ (12,481)	$ (13,247)
Accumulated Other Comprehensive Income Loss Unrecognized Net Actuarial Losses Net of Tax	(84,099)	(133,033)
Accumulated Other Comprehensive Income Loss Unrecognized Net Prior Service Credit Net of Tax	1,322	1,282
Accumulated Other Comprehensive Income Loss Unrecognized Transition Obligation Net of Tax	(1,160)	(1,240)
Accumulated Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Net of Tax	7,414	(4,424)
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (89,004)	$ (150,662)

- Definition

Accumulated change, net of tax, in accumulated gains and losses from derivative instruments designated and qualifying as the effective portion of cash flow hedges. Includes an entity's share of an equity investee's Increase or Decrease in deferred hedging gains or losses.

+ References + Details

- Definition

Accumulated adjustment, net of tax, that results from the process of translating subsidiary financial statements and foreign equity investments into the reporting currency from the functional currency of the reporting entity, net of reclassification of realized foreign currency translation gains or losses.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 10A
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669646-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 45
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6915805&loc=d3e32022-110900

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 830
-SubTopic 30
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6450520&loc=d3e32583-110901

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 12, 13
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 133
-Paragraph 45
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 52
-Paragraph 31
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 17, 18, 19, 22, 23, 24, 25, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

+ Details

- Definition

Accumulated change in equity from transactions and other events and circumstances from non-owner sources, net of tax effect, at period end. Excludes Net Income (Loss), and accumulated changes in equity from transactions resulting from investments by owners and distributions to owners. Includes foreign currency translation items, certain pension adjustments, unrealized gains and losses on certain investments in debt and equity securities, other than temporary impairment (OTTI) losses related to factors other than credit losses on available-for-sale and held-to-maturity debt securities that an entity does not intend to sell and it is not more likely than not that the entity will be required to sell before recovery of the amortized cost basis, as well as changes in the fair value of derivatives related to the effective portion of a designated cash flow hedge.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 11
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e637-108580

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e681-108580

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-URI http://asc.fasb.org/extlink&oid=20435746&loc=SL7669686-108580

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 02
-Paragraph 31
-Article 5

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name FASB Staff Position (FSP)
-Number FAS115-1/124-1
-Paragraph 15D
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Principles Board Opinion (APB)
-Number 12
-Paragraph 10
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 14, 17, 26
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Article 3

+ Details

Financial Instruments Financial Instruments (Details) - USD ($) $ in Millions	Jun. 30, 2013	Jun. 30, 2012
Derivatives, Fair Value [Line Items]
Debt Instrument, Fair Value Disclosure	$ 680.1	$ 306.8
Contracts Translated to U S Dollars [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Cash Flow Hedge Instruments	102.2	69.9
Estimated Amount Of Receivable On Settlement Of Interest Rate Swap Contracts	$ 0.2	$ 0.4

Stock-Based Compensation (Details) - Stock Option [Member]

12 Months Ended

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2011

Assumptions used in valuation of stock options

Risk-free interest rate

0.60%

1.10%

1.40%

Expected life (years)

^[1]

4 years 6 months

Expected volatility

^[2]

49.50%

47.60%

47.00%

Expected dividend yield

1.50%

2.00%

[1]	Expected life is derived from historical experience.
[2]	Expected volatility is based on the implied historical volatility of our stock.

Stock-Based Compensation (Details 1) $ / shares in Units, $ in Thousands	12 Months Ended
	Jun. 30, 2013 USD ($) $ / shares shares
Changes in stock options
Options outstanding, June 30, 2012 \| shares	2,891,563
Options, Granted \| shares	388,894
Options, Exercised \| shares	(511,073)
Options, Lapsed and Forfeited \| shares	(40,316)
Options outstanding, June 30, 2013 \| shares	2,729,068
Options vested and expected to vest, June 30, 2013 \| shares	2,699,095
Options exercisable, June 30, 2013 \| shares	1,767,002
Weighted Average Exercise Price, Options outstanding, June 30, 2012 \| $ / shares	$ 28.46
Weighted Average Exercise Price, Granted \| $ / shares	36.83
Weighted Average Exercise Price, Exercised \| $ / shares	24.28
Weighted Average Exercise Price, Lapsed and Forfeited \| $ / shares	31.35
Weighted Average Exercise Price, Options outstanding, June 30, 2013 \| $ / shares	30.40
Weighted Average Exercise Price, Option vested and expected to vest, June 30, 2013 \| $ / shares	30.34
Weighted Average Exercise Price, Options exercisable, June 30, 2013 \| $ / shares	$ 29.08
Weighted Average Remaining Life, Options outstanding, June 30, 2013	5 years 7 months 6 days
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingLife	5 years 6 months
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageRemainingLife	4 years 3 months 18 days
Aggregate Intrinsic value, Options outstanding, June 30, 2013 \| $	$ 23,110
Aggregate Intrinsic Value, Options vested and expected to vest, June 30, 2013 \| $	23,017
Aggregate Intrinsic Value, Options exercisable, June 30, 2013 \| $	$ 17,294

Stock-Based Compensation (Details 2)	12 Months Ended
Stock-Based Compensation (Details 2)	Jun. 30, 2013 $ / shares shares
Restricted Stock Award [Member]
Changes in restricted stock awards
Unvested restricted stock awards, June 30, 2012, Shares \| shares	24,030
Vested, Shares \| shares	(23,840)
Forfeited, Shares \| shares	(190)
Unvested restricted stock awards, June 30, 2013 \| shares	0
Weighted Average Fair Value, Unvested restricted stock awards, June 30, 2012 \| $ / shares	$ 28.83
Weighted Average Fair Value, Vested \| $ / shares	28.83
Weighted Average Fair Value, Forfeited \| $ / shares	29.60
Weighted Average Fair Value, Unvested restricted stock awards, June 30, 2013 \| $ / shares	$ 0.00
Restricted Stock Units - Performance Vesting [Member]
Changes in restricted stock awards
Unvested restricted stock awards, June 30, 2012, Shares \| shares	246,345
Granted, Shares \| shares	131,693
Vested, Shares \| shares	0
Forfeited, Shares \| shares	(10,426)
Unvested restricted stock awards, June 30, 2013 \| shares	367,612
Weighted Average Fair Value, Unvested restricted stock awards, June 30, 2012 \| $ / shares	$ 31.27
Weighted Average Fair Value, Granted \| $ / shares	36.76
Weighted Average Fair Value, Vested \| $ / shares	0
Weighted Average Fair Value, Forfeited \| $ / shares	35.97
Weighted Average Fair Value, Unvested restricted stock awards, June 30, 2013 \| $ / shares	$ 32.08
Restricted Stock Units - Time Vesting [Member]
Changes in restricted stock awards
Unvested restricted stock awards, June 30, 2012, Shares \| shares	971,767
Granted, Shares \| shares	373,808
Vested, Shares \| shares	(477,444)
Forfeited, Shares \| shares	(52,921)
Unvested restricted stock awards, June 30, 2013 \| shares	815,210
Weighted Average Fair Value, Unvested restricted stock awards, June 30, 2012 \| $ / shares	$ 30.47
Weighted Average Fair Value, Granted \| $ / shares	36.88
Weighted Average Fair Value, Vested \| $ / shares	28.14
Weighted Average Fair Value, Forfeited \| $ / shares	34.22
Weighted Average Fair Value, Unvested restricted stock awards, June 30, 2013 \| $ / shares	$ 34.53

Stock-Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Stock-Based Compensation (Additional Textual) [Abstract]
Maximum period of achievement of performance goals to earn performance units	3 years
Minimum performance period of individual required to earn performance units	3 years
Stock Option [Member]
Stock-Based Compensation (Textual) [Abstract]
Compensation expense related to stock option	$ 6.2	$ 5.5	$ 5.2
Unrecognized compensation cost	$ 2.5
Unrecognized compensation costs, weighted average period	2 years 6 months
Weighted average fair value of options granted	$ 13.53	$ 13.87	$ 9.33
Fair value of options vested	$ 5.2	$ 4.7	$ 4.4
fair market value of shares delivered	0.1	0.4	0.8
Tax benefits resulting from stock-based compensation deductions in excess of amounts reported for financial reporting purposes	4.2	4.1	2.9
Cash received from the exercise of capital stock option	12.5	19.4	13.6
Tax benefit from the exercise of capital stock option	2.8	4.4	3.2
Total Intrinsic value of options exercised	8.3	14.2	9.9
Restricted Stock Award [Member]
Stock-Based Compensation (Textual) [Abstract]
Compensation expense related to stock option	0.1	0.9	2.1
Restricted Stock Units - Time Vesting Performance Vesting [Member]
Stock-Based Compensation (Textual) [Abstract]
Compensation expense related to stock option	15.2	$ 14.9	$ 10.3
Unrecognized compensation cost	$ 13.5
Unrecognized compensation costs, weighted average period	2 years 3 months 18 days

Environmental Matters (Details Textual) - USD ($) $ in Millions	Jun. 30, 2013	Jun. 30, 2012
Environmental Matters (Textual) [Abstract]
Accrual for Environmental Loss Contingencies	$ 5.1	$ 5.1

Commitments and Contingencies Commitments and Contingenceis (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Commitments and Contingencies [Abstract]
Lease Expense Under Rental	$ 30.8	$ 29.1	$ 27.1
Future Minimum Operating Lease Payment For Year 2014	20.3
Future Minimum Operating Lease Payment For Year 2015	13.6
Future Minimum Operating Lease Payment For Year 2016	9.8
Future Minimum Operating Lease Payment For Year 2017	5.0
Future Minimum Operating Lease Payment For Year 2018	2.2
Future Minimum Operating Lease Payment Due Thereafter	$ 24.6

Segment Data (Details) - USD ($) $ in Thousands	12 Months Ended
Segment Data (Details) - USD ($) $ in Thousands	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Segment Reporting Information [Line Items]
Total External Sales	$ 2,589,373	$ 2,736,246	$ 2,403,493
External sales:
Assets	3,301,039	3,034,188	2,754,469
Operating income:
Total operating income	296,394	416,409	321,673
Interest expense	27,472	27,215	22,760
Other expense (income), net	2,313	(775)	2,780
Income before income taxes	266,609	389,969	296,133
Depreciation and Amortization	113,104	104,073	93,471
Equity Income Loss	42	7	229
Payments to Acquire Property, Plant, and Equipment	82,835	103,036	83,442
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	671	685	829
Industrial [Member]
Segment Reporting Information [Line Items]
Total External Sales	1,471,882	1,667,434	1,528,672
External sales:
Assets	1,362,626	1,465,300	1,531,409
Operating income:
Total operating income	173,744	283,233	209,663
Depreciation and Amortization	66,939	70,329	68,000
Equity Income Loss	42	7	229
Payments to Acquire Property, Plant, and Equipment	55,082	75,579	48,518
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	671	685	829
Infrastructure [Member]
Segment Reporting Information [Line Items]
Total External Sales	1,117,491	1,068,812	874,821
External sales:
Assets	1,349,870	1,306,781	785,718
Operating income:
Total operating income	130,537	141,640	121,733
Depreciation and Amortization	46,102	33,744	25,471
Equity Income Loss	0	0	0
Payments to Acquire Property, Plant, and Equipment	27,753	27,457	26,411
Investments in and Advance to Affiliates, Subsidiaries, Associates, and Joint Ventures	0	0	0
Corporate [Member]
External sales:
Assets	588,543	262,107	437,342
Operating income:
Total operating income	(7,887)	(8,464)	(9,723)
Depreciation and Amortization	63	0	0
Payments to Acquire Property, Plant, and Equipment	$ 0	$ 0	$ 8,513

Segment Data Segment Data (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
External Sales [Abstract]
Total External Sales	$ 2,589,373	$ 2,736,246	$ 2,403,493
Total Assets [Abstract]
Assets	3,301,039	3,034,188	2,754,469
UNITED STATES
External Sales [Abstract]
Total External Sales	1,052,466	1,170,117	1,041,427
Total Assets [Abstract]
Assets	1,228,923	1,177,705	1,165,705
GERMANY
External Sales [Abstract]
Total External Sales	454,807	475,076	398,532
Total Assets [Abstract]
Assets	646,983	485,442	472,665
CHINA
External Sales [Abstract]
Total External Sales	239,418	214,427	194,945
Total Assets [Abstract]
Assets	311,053	281,386	179,223
SWITZERLAND
Total Assets [Abstract]
Assets	207,000	216,661	231,515
INDIA
External Sales [Abstract]
Total External Sales	83,401	105,136	103,366
Total Assets [Abstract]
Assets	94,914	95,618	129,104
UNITED KINGDOM
External Sales [Abstract]
Total External Sales	92,614	82,635	63,466
Total Assets [Abstract]
Assets	107,738	104,805	67,549
ITALY
External Sales [Abstract]
Total External Sales	94,183	80,520	64,199
Total Assets [Abstract]
Assets	172,764	172,513	66,082
CANADA
External Sales [Abstract]
Total External Sales	93,257	80,007	59,743
Total Assets [Abstract]
Assets	138,959	134,662	40,421
Other
External Sales [Abstract]
Total External Sales	479,227	528,328	477,815
Total Assets [Abstract]
Assets	$ 392,705	$ 365,396	$ 402,205

Segment Data Segment Data (Details Textual) $ in Millions	12 Months Ended
Segment Data Segment Data (Details Textual) $ in Millions	Jun. 30, 2013 USD ($) Segment	Jun. 30, 2012 USD ($)	Jun. 30, 2011 USD ($)
Segment Data [Abstract]
Operations in Number of Global Business Unit \| Segment	2
Sales To a Single Customer Did Not Aggretage More Than	0.04
Export Sales from Us Operations to Unaffiliated Customers \| $	$ 102.1	$ 102.1	$ 90.6

Selected Quarterly Financial Data (unaudited) Selected Quarterly Financial Data (Details) - USD ($)
$ / shares in Units, $ in Thousands

3 Months Ended

12 Months Ended

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2011

Sep. 30, 2011

Jun. 30, 2013

Jun. 30, 2012

Jun. 30, 2011

Selected Quarterly Financial Data [Abstract]

Sales

$ 671,410

$ 655,360

$ 633,144

$ 629,459

$ 739,216

$ 696,411

$ 641,741

$ 658,877

$ 2,589,373

$ 2,736,246

$ 2,403,493

Gross profit

228,714

208,495

199,447

208,348

264,857

246,446

231,886

251,060

845,004

994,250

884,391

Net income attributable to Kennametal

$ 60,818

$ 53,916

$ 42,142

$ 46,390

$ 86,048

$ 75,499

$ 73,697

$ 71,986

$ 203,265

$ 307,230

$ 229,727

Basic earning per share attributable to Kennametal

$ 0.77

^[1]

$ 0.68

^[1]

$ 0.53

^[1]

$ 0.58

^[1]

$ 1.07

^[1]

$ 0.94

^[1]

$ 0.92

^[1]

$ 0.89

^[1]

$ 2.56

$ 3.83

$ 2.80

Diluted earning per share attributable to Kennametal

$ 0.76

^[1]

$ 0.67

^[1]

$ 0.52

^[1]

$ 0.57

^[1]

$ 1.06

^[1]

$ 0.93

^[1]

$ 0.91

^[1]

$ 0.88

^[1]

$ 2.52

$ 3.77

$ 2.76

[1]

Earnings per share amounts attributable to Kennametal for each quarter are computed using the weighted average number of shares outstanding during the quarter. Earnings per share amounts attributable to Kennametal for the full year are computed using the weighted average number of shares outstanding during the year. Thus, the sum of the four quarters’ earnings per share attributable to Kennametal does not always equal the full-year earnings per share attributable to Kennametal.

- Definition

The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.21)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 55
-Paragraph 52
-URI http://asc.fasb.org/extlink&oid=16381557&loc=d3e4984-109258

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=7655603&loc=d3e1252-109256

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-04.23)
-URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 18
-Article 7

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 128
-Paragraph 36, 37, 38
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 07-4
-Paragraph 4
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 20
-Article 5

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 21
-Article 9

+ Details

- Definition

The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Net Income
-URI http://asc.fasb.org/extlink&oid=6518256

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 230
-SubTopic 10
-Section 45
-Paragraph 28
-URI http://asc.fasb.org/extlink&oid=6943989&loc=d3e3602-108585

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.19)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 225
-SubTopic 10
-Section S99
-Paragraph 2
-Subparagraph (SX 210.5-03.18)
-URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 944
-SubTopic 225
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-04.22)
-URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Glossary Other Comprehensive Income
-URI http://asc.fasb.org/extlink&oid=6519514

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=20435746&loc=d3e565-108580

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph d
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 130
-Paragraph 10, 15
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 11: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph A7
-Appendix A

Reference 12: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Emerging Issues Task Force (EITF)
-Number 87-21
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 03
-Paragraph 19
-Article 5

Reference 14: http://www.xbrl.org/2003/role/presentationRef
-Publisher AICPA
-Name Accounting Research Bulletin (ARB)
-Number 51
-Paragraph 38
-Subparagraph a
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Statement of Financial Accounting Standard (FAS)
-Number 95
-Paragraph 28, 29, 30
-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 16: http://www.xbrl.org/2003/role/presentationRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 04
-Paragraph 20
-Article 9

+ Details

Schedule II - Valuation and Qualifying Accounts and Reserves Schedule II Valuation and Qualifying Accounts and Reserves (Details) - USD ($) $ in Thousands	12 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2011
Valuation and Qualifying Accounts and Reserves (Details Textual) [Abstract]
Valuation Allowances and Reserves, Reserves of Businesses Acquired	$ (2,000)	$ 3,400
Valuation Allowances And Reserves Reserves Foreign Currency Translation Adjustment	(300)	(2,600)
Allowance for Doubtful Accounts [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	12,530	20,958	$ 24,789
Charges to Cost and Expense	1,532	(3,467)	518
Charged to Other Comprehensive (Loss) Income	0	0	0
Recoveries	193	306	966
Other Adjustments	55	(1,260)	1,993
Deductions from Reserves	(2,361)	(4,007)	(7,308)
Balance at End of Year	11,949	12,530	20,958
Reserve for Excess and Obsolete Inventory [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	55,042	55,283	68,270
Charges to Cost and Expense	6,688	8,115	4,971
Charged to Other Comprehensive (Loss) Income	0	0	0
Recoveries	0	0	0
Other Adjustments	508	(4,130)	4,525
Deductions from Reserves	(9,499)	(4,226)	(22,483)
Balance at End of Year	52,739	55,042	55,283
Deferred Tax Assets Valuation Allowance [Member]
Valuation and Qualifying Accounts Disclosure [Line Items]
Balance at Beginning of Year	19,502	25,662	47,987
Charges to Cost and Expense	(148)	(6,970)	(27,313)
Charged to Other Comprehensive (Loss) Income	0	0	0
Recoveries	0	0	0
Other Adjustments	(2,288)	810	5,491
Deductions from Reserves	(1,497)	0	(503)
Balance at End of Year	$ 15,569	$ 19,502	$ 25,662

Label	Element	Value
Restructuring Charges Non Cash Item	kmt_RestructuringChargesNonCashItem	$ 0