XML 31 R14.htm IDEA: XBRL DOCUMENT
v3.21.2

Note 6. Goodwill and Other Intangible Assets (Notes) | 12 Months Ended
--- | ---
Jun. 30, 2021
Goodwill and Other Intangible Assets [Abstract] |
Goodwill and Intangible Assets Disclosure | Goodwill and Other Intangible Assets A summary of goodwill is as follows:
(Amounts in Thousands) |
Balance as of June 30, 2019 |
Goodwill | $ | 30,930 |
Accumulated impairment | (12,826) |
Goodwill, net | 18,104 |
Purchase Accounting Adjustments | 1,832 |
Impairment | (7,925) |
Balance as of June 30, 2020 |
Goodwill | 32,762 |
Accumulated impairment | (20,751) |
Goodwill, net | 12,011 |
Balance as of June 30, 2021 |
Goodwill | 32,762 |
Accumulated impairment | (20,751) |
Goodwill, net | $ | 12,011 |
We acquired $13.7 million in goodwill resulting from the GES acquisition, with $1.8 million added in fiscal year 2020 as a result of fair value measurement period adjustments. See Note 2 - Acquisition of Notes to Consolidated Financial Statements for more information on this acquisition. During fiscal years 2021 and 2019, no goodwill impairment was recognized. During fiscal year 2020, $7.9 million of goodwill impairment was recognized at the GES reporting unit. GES’s annual goodwill impairment test date is April 30th. Subsequent to our annual test date in fiscal year 2020, we identified an indicator of impairment related to future anticipated revenues, which triggered an additional impairment test as of June 30, 2020. The June 30, 2020 test (the “GES impairment test”) resulted in a $7.9 million goodwill impairment charge, partially offset by a $1.0 million reduction in income tax expense associated with the deferred tax asset established for the deductible portion of the impaired goodwill. For the GES impairment test, we used an independent, third-party valuation specialist to assist in the determination of fair value for the GES reporting unit. We used a combination of the Income Approach, using a discounted cash flow model, and the Market Approach, based on projected fiscal year 2021 results. We also used the independent, third-party valuation specialist to assist in the GES annual impairment test for fiscal year 2021, using a combination of the Income Approach and the Market Approach to determine fair value. The GES reporting unit fair value exceeded the carrying value by 35% as of April 30, 2021; therefore, no goodwill impairment was recognized in fiscal year 2021. A summary of other intangible assets subject to amortization is as follows:
| June 30, 2021 |  | June 30, 2020
(Amounts in Thousands) | Cost |  | Accumulated Amortization |  | Net Value |  | Cost |  | Accumulated Amortization |  | Net Value
Capitalized Software | $ | 32,774 |  |  | $ | 28,751 |  |  | $ | 4,023 |  |  | $ | 32,052 |  |  | $ | 27,851 |  |  | $ | 4,201 |
Customer Relationships | 8,618 |  |  | 2,520 |  |  | 6,098 |  |  | 8,618 |  |  | 2,014 |  |  | 6,604 |
Technology | 5,060 |  |  | 2,790 |  |  | 2,270 |  |  | 5,060 |  |  | 1,777 |  |  | 3,283 |
Trade Name | 6,369 |  |  | 1,752 |  |  | 4,617 |  |  | 6,369 |  |  | 1,114 |  |  | 5,255 |
Other Intangible Assets | $ | 52,821 |  |  | $ | 35,813 |  |  | $ | 17,008 |  |  | $ | 52,099 |  |  | $ | 32,756 |  |  | $ | 19,343 |
During fiscal years 2021, 2020, and 2019, amortization expense of other intangible assets was, in millions, $3.3, $3.2, and $2.6, respectively. Amortization expense in future periods is expected to be, in millions, $3.2, $3.1, $2.2, $1.6, and $1.5 in the five years ending June 30, 2026, and $5.4 thereafter. The estimated useful life of internal-use software ranges from 3 to 10 years. The amortization period for the customer relationships, technology, and trade name intangible assets is 15 years, 5 years, and 10 years, respectively. We have no intangible assets with indefinite useful lives which are not subject to amortization. Intangible assets are reviewed for impairment, and their remaining useful lives evaluated for revision, when events or circumstances indicate that the carrying value may not be recoverable over the remaining lives of the assets.

X
- Definition Goodwill and Other Intangible Assets [Abstract] + References No definition available. + Details
Name: | ke_GoodwillandOtherIntangibleAssetsAbstract
Namespace Prefix: | ke_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for goodwill and intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
Name: | us-gaap_GoodwillAndIntangibleAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration