Summary of the changes in the carrying amounts of total equity, Kennametal shareholders' equity and equity attributable to noncontrolling interests |
A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the three months ending December 31, 2022 and 2021 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kennametal Shareholders’ Equity | | | | | (in thousands, except per share amounts) | Capital stock | | Additional paid-in capital | | Retained earnings | | Accumulated other comprehensive loss | | Non-controlling interests | | Total equity | Balance as of September 30, 2022 | $ | 101,095 | | | $ | 478,930 | | | $ | 1,082,575 | | | $ | (461,197) | | | $ | 36,942 | | | $ | 1,238,345 | | Net income | — | | | — | | | 21,899 | | | — | | | 1,025 | | | 22,924 | | Other comprehensive income | — | | | — | | | — | | | 49,021 | | | 1,067 | | | 50,088 | | Dividend reinvestment | 2 | | | 45 | | | — | | | — | | | — | | | 47 | | Capital stock issued under employee benefit and stock plans(3) | 131 | | | 4,453 | | | — | | | — | | | — | | | 4,584 | | Purchase of capital stock | (587) | | | (10,105) | | | — | | | — | | | — | | | (10,692) | | Cash dividends ($0.20 per share) | — | | | — | | | (16,095) | | | — | | | — | | | (16,095) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Total equity, December 31, 2022 | $ | 100,641 | | | $ | 473,323 | | | $ | 1,088,379 | | | $ | (412,176) | | | $ | 39,034 | | | $ | 1,289,201 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kennametal Shareholders’ Equity | | | | | (in thousands, except per share amounts) | Capital stock | | Additional paid-in capital | | Retained earnings | | Accumulated other comprehensive loss | | Non-controlling interests | | Total equity | Balance as of September 30, 2021 | $ | 104,527 | | | $ | 550,790 | | | $ | 1,012,055 | | | $ | (342,421) | | | $ | 39,696 | | | $ | 1,364,647 | | Net income | — | | | — | | | 31,421 | | | — | | | 1,304 | | | 32,725 | | Other comprehensive loss | — | | | — | | | — | | | (6,747) | | | (449) | | | (7,196) | | Dividend reinvestment | 1 | | | 46 | | | — | | | — | | | — | | | 47 | | Capital stock issued under employee benefit and stock plans(3) | 65 | | | 5,604 | | | — | | | — | | | — | | | 5,669 | | Purchase of capital stock | (751) | | | (21,848) | | | — | | | — | | | — | | | (22,599) | | Cash dividends ($0.20 per share) | — | | | — | | | (16,720) | | | — | | | — | | | (16,720) | | | | | | | | | | | | | | | | | | | | | | | | | | Total equity, December 31, 2021 | $ | 103,842 | | | $ | 534,592 | | | $ | 1,026,756 | | | $ | (349,168) | | | $ | 40,551 | | | $ | 1,356,573 | |
(3) Net of restricted stock units delivered upon vesting to satisfy tax withholding requirements.
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A summary of the changes in the carrying amounts of total equity, Kennametal Shareholders’ equity and equity attributable to noncontrolling interests for the six months ending December 31, 2022 and 2021 is as follows: | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Kennametal Shareholders’ Equity | | | | | (in thousands, except per share amounts) | Capital stock | | Additional paid-in capital | | Retained earnings | | Accumulated other comprehensive loss | | Non-controlling interests | | Total equity | Balance as of June 30, 2022 | $ | 101,671 | | | $ | 494,202 | | | $ | 1,070,655 | | | $ | (413,951) | | | $ | 38,670 | | | $ | 1,291,247 | | Net income | — | | | — | | | 50,095 | | | — | | | 2,466 | | | 52,561 | | Other comprehensive income | — | | | — | | | — | | | 1,775 | | | (698) | | | 1,077 | | Dividend reinvestment | 4 | | | 89 | | | — | | | — | | | — | | | 93 | | Capital stock issued under employee benefit and stock plans(3) | 585 | | | 7,481 | | | — | | | — | | | — | | | 8,066 | | Purchase of capital stock | (1,619) | | | (28,449) | | | — | | | — | | | — | | | (30,068) | | Cash dividends ($0.40 per share) | — | | | — | | | (32,371) | | | — | | | — | | | (32,371) | | Cash dividends to non-controlling interests | — | | | | | — | | | — | | | (1,404) | | | (1,404) | | | | | | | | | | | | | | | | | | | | | | | | | | Total equity, December 31, 2022 | $ | 100,641 | | | $ | 473,323 | | | $ | 1,088,379 | | | $ | (412,176) | | | $ | 39,034 | | | $ | 1,289,201 | |
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