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Note 15. Investments
12 Months Ended
Jun. 30, 2021
Investments [Abstract]  
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure Investments
Supplemental Employee Retirement Plan Investments:
The Company maintains a self-directed supplemental employee retirement plan (“SERP”) for executives and other key employees. The Company SERP utilizes a rabbi trust, and therefore, assets in the SERP portfolio are subject to creditor claims in the event of bankruptcy. We recognize SERP investment assets on the balance sheet at current fair value. A SERP liability of the same amount is recorded on the balance sheet representing an obligation to distribute SERP funds to participants. The SERP investment assets are classified as trading, and accordingly, realized and unrealized gains and losses are recognized in income in the Other Income (Expense) category. Adjustments made to revalue the SERP liability are also recognized in income as selling and administrative expenses and offset valuation adjustments on SERP investment assets. The change in net unrealized holding gains for the fiscal years ended June 30, 2021, 2020, and 2019 was $1.5 million, $0.4 million, and less than $0.1 million, respectively.
SERP asset and liability balances applicable to Kimball Electronics participants were as follows:
 June 30
(Amounts in Thousands)20212020
SERP investments - current asset$3,095 $1,972 
SERP investments - other long-term asset9,549 8,505 
Total SERP investments$12,644 $10,477 
SERP obligation - current liability$3,095 $1,972 
SERP obligation - other long-term liability9,549 8,505 
Total SERP obligation$12,644 $10,477