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Note 13. Fair Value (Tables) | 12 Months Ended
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Jun. 30, 2021
Fair Value [Abstract] |
Fair Value Measurements, Recurring, Valuation Techniques | The following methods and assumptions were used to measure fair value:
Financial Instrument |  | Level |  | Valuation Technique/Inputs Used
Cash Equivalents |  | 1 |  | Market - Quoted market prices
Derivative Assets: Foreign exchange contracts |  | 2 |  | Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates, considering counterparty credit risk
Trading securities: Mutual funds held in SERP |  | 1 |  | Market - Quoted market prices
Derivative Liabilities: Foreign exchange contracts |  | 2 |  | Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball Electronics’ non-performance risk
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis | As of June 30, 2021 and 2020, the fair values of financial assets and liabilities that are measured at fair value on a recurring basis using the market approach are categorized as follows:
| June 30, 2021
(Amounts in Thousands) | Level 1 |  | Level 2 |  |  |  | Total
Assets |  |  |  |  |  |  |
Cash equivalents | $ | 1,540 |  |  | $ | — |  |  |  |  | $ | 1,540 |
Derivatives: foreign exchange contracts | — |  |  | 1,468 |  |  |  |  | 1,468 |
Trading securities: mutual funds held in nonqualified SERP | 12,644 |  |  | — |  |  |  |  | 12,644 |
Total assets at fair value | $ | 14,184 |  |  | $ | 1,468 |  |  |  |  | $ | 15,652 |
Liabilities |  |  |  |  |  |  |
Derivatives: foreign exchange contracts | $ | — |  |  | $ | 1,702 |  |  |  |  | $ | 1,702 |
Total liabilities at fair value | $ | — |  |  | $ | 1,702 |  |  |  |  | $ | 1,702 |
| June 30, 2020
(Amounts in Thousands) | Level 1 |  | Level 2 |  |  |  | Total
Assets |  |  |  |  |  |  |
Cash equivalents | $ | 1,140 |  |  | $ | — |  |  |  |  | $ | 1,140 |
Derivatives: foreign exchange contracts | — |  |  | 741 |  |  |  |  | 741 |
Trading securities: mutual funds held in nonqualified SERP | 10,477 |  |  | — |  |  |  |  | 10,477 |
Total assets at fair value | $ | 11,617 |  |  | $ | 741 |  |  |  |  | $ | 12,358 |
Liabilities |  |  |  |  |  |  |
Derivatives: foreign exchange contracts | $ | — |  |  | $ | 2,134 |  |  |  |  | $ | 2,134 |
Total liabilities at fair value | $ | — |  |  | $ | 2,134 |  |  |  |  | $ | 2,134 |
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques | Financial instruments that are not reflected in the Consolidated Balance Sheets at fair value that have carrying amounts which approximate fair value include the following:
Financial Instrument |  | Level |  | Valuation Technique/Inputs Used
Notes receivable |  | 2 |  | Market - Price approximated based on the assumed collection of receivables in the normal course of business, taking into account non-performance risk
Borrowings under credit facilities |  | 2 |  | Market - Based on observable market rates, taking into account Kimball Electronics’ non-performance risk

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- Definition Tabular disclosure of the inputs and valuation techniques used to measure fair value, and a discussion of changes in valuation techniques and related inputs, if any, applied during the period to each separate class of assets, liabilities, and financial instruments classified in shareholders' equity that are measured on a recurring basis. + References No definition available. + Details
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- Definition Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=117815213&loc=d3e19207-110258 + Details
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