XML 29 R17.htm IDEA: XBRL DOCUMENT
v3.21.1

Note 9. Investments | 9 Months Ended
--- | ---
Mar. 31, 2021
Investments [Abstract] |
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure | Investments The Company maintains a self-directed supplemental employee retirement plan (“SERP”) for executive 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. The Company recognizes 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 Other income (expense), net on our Condensed Consolidated Statements of Income. 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 increase/(decrease) in net unrealized holding gains for the nine months ended March 31, 2021 and 2020 was approximately $0.9 million and $(0.6) million, respectively. SERP asset and liability balances applicable to Kimball Electronics participants were as follows:
(Amounts in Thousands) | March 31, 2021 |  | June 30, 2020
SERP investments - current asset | $ | 2,552 |  |  | $ | 1,972 |
SERP investments - other long-term asset | 9,504 |  |  | 8,505 |
Total SERP investments | $ | 12,056 |  |  | $ | 10,477 |
SERP obligation - current liability | $ | 2,552 |  |  | $ | 1,972 |
SERP obligation - other long-term liability | 9,504 |  |  | 8,505 |
Total SERP obligation | $ | 12,056 |  |  | $ | 10,477 |

X
- References No definition available. + Details
Name: | us-gaap_InvestmentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for investments in certain debt and equity securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2209399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2324412 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 320 -URI http://asc.fasb.org/topic&trid=2196928 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 940 -SubTopic 320 -URI http://asc.fasb.org/subtopic&trid=2176304 + Details
Name: | us-gaap_InvestmentsInDebtAndMarketableEquitySecuritiesAndCertainTradingAssetsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration