Kimball Electronics (KE) 10-Q 8 May 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Mar. 31, 2019	Apr. 23, 2019
Document Information
Entity Registrant Name	Kimball Electronics, Inc.
Entity Central Index Key	0001606757
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		25,418,807
Entity Emerging Growth Company	false
Entity Small Business	false

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Current Assets:
Cash and cash equivalents	$ 47,150	$ 46,428
Receivables, net of allowances of $317 and $482, respectively	225,775	173,559
Contract assets	52,222	0
Inventories	213,200	201,596
Prepaid expenses and other current assets	23,893	15,405
Total current assets	562,240	436,988
Property and Equipment, net of accumulated depreciation of $211,681 and $198,672, respectively	140,560	137,210
Goodwill	11,409	6,191
Other Intangible Assets, net of accumulated amortization of $29,063 and $27,276, respectively	23,038	4,375
Other Assets	24,633	23,994
Total Assets	761,880	608,758
Current Liabilities:
Current portion of borrowings under credit facilities	35,544	8,337
Accounts payable	209,819	187,788
Accrued expenses	39,385	32,446
Total current liabilities	284,748	228,571
Other Liabilities:
Long-term Line of Credit, Noncurrent	91,500	0
Long-term income taxes payable	10,937	12,361
Other long-term liabilities	15,220	12,299
Total other liabilities	117,657	24,660
Share Owners’ Equity:
Preferred stock-no par value	0	0
Common stock-no par value	0	0
Additional paid-in capital	304,515	304,215
Retained earnings	126,457	99,374
Accumulated other comprehensive loss	(9,080)	(6,899)
Treasury stock, at cost	(62,417)	(41,163)
Total Share Owners’ Equity	359,475	355,527
Total Liabilities and Share Owners’ Equity	$ 761,880	$ 608,758

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets Parentheticals - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
ASSETS
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 317	$ 482
Property and Equipment Accumulated Depreciation	211,681	198,672
Other Intangible Assets Accumulated Amortization	$ 29,063	$ 27,276
Share Owners' Equity
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 0
Preferred Stock, Shares Authorized	15,000,000	15,000,000
Preferred Stock, Shares Issued	0	0
Common Stock, Par Value Per Share	$ 0	$ 0
Common Stock, Shares Authorized	150,000,000	150,000,000
Common Stock, Shares, Issued	29,430,000	29,430,000
Treasury Stock, Shares	4,011,000	2,898,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Net Sales	$ 313,454	$ 283,938	$ 863,223	$ 795,293
Cost of Sales	286,900	261,057	798,039	732,038
Gross Profit	26,554	22,881	65,184	63,255
Selling and Administrative Expenses	12,057	11,751	33,535	32,483
Other General Income	0	0	(92)	0
Operating Income	14,497	11,130	31,741	30,772
Other Income (Expense):
Interest income	19	14	42	50
Interest expense	(1,165)	(140)	(2,644)	(369)
Non-operating income (expense), net	1,323	2,125	632	4,097
Other income (expense), net	177	1,999	(1,970)	3,778
Income Before Taxes on Income	14,674	13,129	29,771	34,550
Provision for Income Taxes	2,825	2,294	5,738	23,582
Net Income	$ 11,849	$ 10,835	$ 24,033	$ 10,968
Earnings Per Share of Common Stock:
Earnings Per Share, Basic	$ 0.46	$ 0.41	$ 0.92	$ 0.41
Earnings Per Share, Diluted	$ 0.46	$ 0.40	$ 0.92	$ 0.41
Weighted Average Number of Shares Outstanding, Basic	25,479	26,714	25,993	26,779
Weighted Average Number of Shares Outstanding, Diluted	25,568	26,846	26,181	27,006

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 11,849	$ 10,835	$ 24,033	$ 10,968
Other comprehensive income (loss):
Foreign currency translation adjustments, Pre-tax	(1,693)	2,699	(3,717)	7,561
Foreign currency translation adjustments, Tax	0	0	0	0
Foreign currency translation adjustments, Net of Tax	(1,693)	2,699	(3,717)	7,561
Other Comprehensive Income (Loss), Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings during Period, Before Tax	0	0	0	0
Other Comprehensive Income (Loss), Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings during Period, Tax	0	49	0	49
Other Comprehensive Income (Loss), Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings during Period, Net of Tax	0	49	0	49
Postemployment severance actuarial change, Pre-tax	61	134	371	398
Postemployment severance actuarial change, Tax	(15)	(49)	(89)	(146)
Postemployment severance actuarial change, Net of Tax	46	85	282	252
Derivative gain (loss), Pre-tax	748	1,009	2,487	(1,033)
Derivative gain (loss), Tax	(161)	(321)	(517)	276
Derivative gain (loss), Net of Tax	587	688	1,970	(757)
Reclassification to (earnings) loss:
Derivatives, Reclassification to (earnings) loss, Pre-tax	(561)	457	(546)	961
Derivatives, Reclassification to (earnings) loss, Tax	110	(57)	94	(56)
Derivatives, Reclassification to (earnings) loss, Net of Tax	(451)	400	(452)	905
Amortization of actuarial change, Pre-tax	(120)	(93)	(348)	(258)
Amortization of actuarial change, Tax	29	41	84	103
Amortization of actuarial change, Net of Tax	(91)	(52)	(264)	(155)
Other comprehensive income (loss), Pre-tax	(1,565)	4,206	(1,753)	7,629
Other comprehensive income (loss), Tax	(37)	(337)	(428)	226
Other comprehensive income (loss), Net of Tax	(1,602)	3,869	(2,181)	7,855
Total comprehensive income (loss)	10,247	14,704	21,852	18,823
Foreign Exchange Contract
Other comprehensive income (loss):
Derivative gain (loss), Pre-tax	$ 748	$ 1,009	$ 2,487	$ (1,033)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Cash Flows From Operating Activities:
Net income	$ 24,033	$ 10,968
Adjustments to reconcile net income to net cash (used for) provided by operating activities:
Depreciation and amortization	21,487	19,579
Gain on sales of assets	(6)	(17)
Deferred income tax and other deferred charges	(1,846)	2,793
Deferred tax valuation allowance	(410)	0
Stock-based compensation	4,261	3,867
Other, net	(278)	236
Change in operating assets and liabilities:
Receivables	(37,399)	(18,193)
Contract assets	(8,981)	0
Inventories	(43,786)	(47,049)
Prepaid expenses and other current assets	(4,560)	3,388
Accounts payable	24,339	36,011
Accrued expenses and taxes payable	4,166	9,305
Net cash (used for) provided by operating activities	(18,980)	20,888
Cash Flows From Investing Activities:
Capital expenditures	(15,238)	(21,505)
Proceeds from sales of assets	467	218
Payments for acquisitions, net of cash acquired	(43,889)	0
Purchases of capitalized software	(792)	(567)
Other, net	(12)	31
Net cash used for investing activities	(59,464)	(21,823)
Cash Flows From Financing Activities:
Proceeds from credit facilities	91,500	0
Payments on credit facilities	(12,843)	0
Additional net change in revolving credit facilities	27,300	6,250
Repurchases of common stock	(23,431)	(6,460)
Payments related to tax withholding for stock-based compensation	(1,766)	(1,508)
Debt issuance costs	(445)	0
Net cash provided by (used for) financing activities	80,315	(1,718)
Effect of Exchange Rate Change on Cash and Cash Equivalents	(1,149)	2,342
Net Increase (Decrease) in Cash and Cash Equivalents	722	(311)
Cash and Cash Equivalents at Beginning of Period	46,428	44,555
Cash and Cash Equivalents at End of Period	47,150	44,244
Cash paid during the period for:
Income taxes	7,453	12,305
Interest expense	$ 1,765	$ 281

Condensed Consolidated Statem_4

Condensed Consolidated Statement of Share Owners' Equity Statement - USD ($) $ in Thousands	Total	Additional Paid-in Capital	Retained Earnings	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Share Owners' Equity at Jun. 30, 2017	$ 342,272	$ 302,483	$ 82,671	$ (9,084)	$ (33,798)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,968		10,968
Other Comprehensive Income (Loss), Net of Tax	7,855			7,855
New Accounting Pronouncement or Change in Accounting Principle, Prior Period Not Restated	(49)		(49)
Stock Issued During Period, Value, Issued for Services	155	65			90
Compensation expense related to stock compensation plan	3,751	3,751
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	(1,508)	(3,471)			1,963
Treasury Stock, Value, Acquired, Cost Method	(6,326)				(6,326)
Share Owners' Equity at Mar. 31, 2018	357,118	302,828	93,590	(1,229)	(38,071)
Share Owners' Equity at Dec. 31, 2017	341,076	301,441	82,804	(5,098)	(38,071)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	10,835		10,835
Other Comprehensive Income (Loss), Net of Tax	3,869			3,869
New Accounting Pronouncement or Change in Accounting Principle, Prior Period Not Restated	(49)		(49)
Compensation expense related to stock compensation plan	1,387	1,387
Share Owners' Equity at Mar. 31, 2018	357,118	302,828	93,590	(1,229)	(38,071)
Share Owners' Equity at Jun. 30, 2018	355,527	304,215	99,374	(6,899)	(41,163)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,033		24,033
Other Comprehensive Income (Loss), Net of Tax	(2,181)			(2,181)
New Accounting Pronouncement or Change in Accounting Principle, Prior Period Not Restated	3,050		3,050
Stock Issued During Period, Value, Issued for Services	72	28			44
Compensation expense related to stock compensation plan	4,167	4,167
Stock Issued During Period, Value, Share-based Compensation, Net of Forfeitures	(1,762)	(3,895)			2,133
Treasury Stock, Value, Acquired, Cost Method	(23,431)				(23,431)
Share Owners' Equity at Mar. 31, 2019	359,475	304,515	126,457	(9,080)	(62,417)
Share Owners' Equity at Dec. 31, 2018	352,577	303,125	114,608	(7,478)	(57,678)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	11,849		11,849
Other Comprehensive Income (Loss), Net of Tax	(1,602)			(1,602)
Compensation expense related to stock compensation plan	1,390	1,390
Treasury Stock, Value, Acquired, Cost Method	(4,739)				(4,739)
Share Owners' Equity at Mar. 31, 2019	$ 359,475	$ 304,515	$ 126,457	$ (9,080)	$ (62,417)

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Share Owners' Equity Parentheticals - shares	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Stock Issued During Period, Shares, Issued for Services	0	0	4,000	8,000
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures	0	0	203,000	174,000
Treasury Stock, Shares, Acquired	295,000	0	1,320,000	325,000

Note 1. Business Description an

Note 1. Business Description and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Significant Accounting Policies	Business Description and Summary of Significant Accounting Policies Business Description: Kimball Electronics, Inc. (also referred to herein as “Kimball Electronics,” the “Company,” “we,” “us,” or “our”) is a global contract electronics manufacturing services (“EMS”) company that specializes in producing durable electronics for the automotive, medical, industrial, and public safety end markets. We offer a package of value that begins with our core competency of producing “durable electronics” and includes our set of robust processes and procedures that help us ensure that we deliver the highest levels of quality, reliability, and service throughout the entire life cycle of our customers’ products. We have been producing safety critical electronic assemblies for our automotive customers for over 30 years. We further offer diversified contract manufacturing services for non-electronic components, medical disposables, and plastics. The Company acquired GES Holdings, Inc., Global Equipment Services and Manufacturing, Inc., and its subsidiaries (collectively referred to as “GES”) on October 1, 2018, which specialize in production processing and test equipment design, volume contract manufacturing, and global contract services for industrial applications in the semiconductor, electronics, and life sciences industries. We are well recognized by customers and industry trade publications for our excellent quality, reliability, and innovative service. Basis of Presentation: The Condensed Consolidated Financial Statements presented herein reflect the consolidated financial position as of March 31, 2019 and June 30, 2018 , results of operations for the three and nine months ended March 31, 2019 and 2018 , cash flows for the nine months ended March 31, 2019 and 2018 , and share owners’ equity for the three and nine months ended March 31, 2019 and 2018 . The financial data presented herein is unaudited and should be read in conjunction with the annual Consolidated Financial Statements as of and for the year ended June 30, 2018 and related notes thereto included in our Annual Report on Form 10-K. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted, although we believe that the disclosures are adequate to make the information presented not misleading. Intercompany transactions and balances have been eliminated. Management believes the financial statements include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial statements for the interim periods. The results of operations for the interim periods shown in this report are not necessarily indicative of results for any future interim period or for the entire fiscal year. Revenue Recognition: We recognize revenue in accordance with the new standard issued by the Financial Accounting Standards Board (“FASB”), Revenue from Contracts with Customers and all the related amendments (“New Revenue Guidance”). Our revenue from contracts with customers is generated primarily from manufacturing services provided for the production of electronic assemblies, components, and medical disposables built to customer’s specifications. Our customer agreements are generally not for a definitive term, but continue for the relevant product’s life cycle. Typically, our customer agreements do not commit the customer to purchase our services until a purchase order is provided, which is generally short-term in nature. Customer purchase orders primarily have a single performance obligation. Generally, the prices stated in the customer purchase orders are agreed upon prices for the manufactured product and do not vary over the term of the order, and therefore, the majority of our contracts do not contain variable consideration. In limited circumstances, we may enter into a contract where we offer our customer a rebate once specific volume thresholds have been met; in these cases, the rebates are accounted for as variable consideration. The majority of our revenue is recognized over time as manufacturing services are performed as we manufacture a product to customer specifications with no alternative use and we have an enforceable right to payment for performance completed to date. The remaining revenue for manufacturing services is recognized when the customer obtains control of the product, typically either upon shipment or delivery of the product dependent on the terms of the contract, and the customer is able to direct the use of and obtain substantially all of the remaining benefits from the asset. We generally recognize revenue over time using costs based input methods, in which judgment is required to evaluate assumptions including the total estimated costs to determine our progress towards contract completion and to calculate the corresponding amount of revenue to recognize. Estimated costs include material, direct and indirect labor, and appropriate applied overheads. Costs based input methods are considered a faithful depiction of our efforts and progress toward satisfying our performance obligations for manufacturing services and for which we believe we are entitled to payment for performance completed to date. The cumulative effect of revisions to estimates related to net contract revenues or costs are recorded in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. We have elected to account for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated services and products. Accordingly, we record customer payments of shipping and handling costs as a component of net sales and classify such costs as a component of cost of sales. We recognize sales net of applicable sales or value add taxes. Based on estimated product returns and price concessions, a reserve for returns and allowances is recorded at the time revenue is recognized, resulting in a reduction of net revenue. Direct incremental costs to obtain and fulfill a contract are capitalized as a contract asset only if they are material, expected to be recovered, and are not accounted for in accordance with other guidance. Incidental items that are immaterial in the context of the contract are recognized as expense in the period incurred. See section entitled “New Accounting Standards” below for information on the adoption of the New Revenue Guidance and our Annual Report on Form 10-K for the year ended June 30, 2018 for revenue recognition policies for periods prior to fiscal year 2019. Notes Receivable and Trade Accounts Receivable: Notes receivable and trade accounts receivable are recorded per the terms of the agreement or sale, and accrued interest is recognized when earned. We determine on a case-by-case basis the cessation of accruing interest, the resumption of accruing interest, the method of recording payments received on nonaccrual receivables, and the delinquency status for our limited number of notes receivable. In the ordinary course of business, customers periodically negotiate extended payment terms on trade accounts receivable. Customary terms require payment within 30 to 45 days, with any terms beyond 45 days being considered extended payment terms. We may utilize accounts receivable factoring arrangements with third-party financial institutions in order to extend terms for the customer without negatively impacting our cash flow. These arrangements in all cases do not contain recourse provisions which would obligate us in the event of our customers’ failure to pay. Receivables are considered sold when they are transferred beyond the reach of Kimball Electronics and its creditors, the purchaser has the right to pledge or exchange the receivables, and we have surrendered control over the transferred receivables. In the nine months ended March 31, 2019 and 2018 , we sold, without recourse, $191.0 million and $120.1 million of accounts receivable, respectively. Factoring fees were $0.4 million and $0.3 million during the three months ended March 31, 2019 and 2018 , respectively, and $1.3 million and $0.8 million during the nine months ended March 31, 2019 and 2018 , respectively. The Company’s China operation, in limited circumstances, may receive banker’s acceptance drafts from customers as payment for their trade accounts receivable. The banker’s acceptance drafts are non-interest bearing and primarily mature within six months from the origination date. The Company has the ability to sell the drafts at a discount or transfer the drafts in settlement of current accounts payable prior to the scheduled maturity date. These drafts, which totaled $2.7 million at March 31, 2019 and $3.8 million at June 30, 2018 , are reflected in Receivables on the Condensed Consolidated Balance Sheets until the banker’s drafts are sold at a discount, transferred in settlement of current accounts payable, or cash is received at maturity. Banker’s acceptance drafts sold at a discount or transferred in settlement of current accounts payable during the nine months ended March 31, 2019 and 2018 were $2.3 million and $4.0 million , respectively. See Note 6 - Commitments and Contingent Liabilities of Notes to Condensed Consolidated Financial Statements for more information on banker’s acceptance drafts. Other General Income: Other General Income in the nine months ended March 31, 2019 included $0.1 million of pre-tax income resulting from a payment received related to a class action lawsuit in which Kimball Electronics was a class member. The lawsuit alleged that certain suppliers to the EMS industry conspired over a number of years to raise and fix the prices of certain electronic capacitors, resulting in overcharges to purchasers of those components. No Other General Income was recorded in the nine months ended March 31, 2018 . Non-operating Income (Expense), net: Non-operating income (expense), net includes the impact of such items as foreign currency rate movements and related derivative gain or loss, fair value adjustments on supplemental employee retirement plan (“SERP”) investments, government subsidies, bank charges, and other miscellaneous non-operating income and expense items that are not directly related to operations. The gain (loss) on SERP investments is offset by a change in the SERP liability that is recognized in Selling and Administrative Expenses. Components of Non-operating income (expense), net: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2019 2018 2019 2018 Foreign currency/derivative gain $ 746 $ 2,093 $ 91 $ 3,487 Gain on supplemental employee retirement plan investments 606 21 99 606 Foreign government subsidies 9 — 580 54 Other (38 ) 11 (138 ) (50 ) Non-operating income (expense), net $ 1,323 $ 2,125 $ 632 $ 4,097 The prior period presentation in the table above has been restated due to the adoption of new guidance issued by the FASB. See section entitled “New Accounting Standards” below for information on the adoption of this new guidance for the presentation of net periodic pension cost and net periodic postretirement benefit cost. Income Taxes: In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate which is based on expected annual income, statutory tax rates, and available tax planning opportunities in the various jurisdictions in which we operate. Unusual or infrequently occurring items are separately recognized in the quarter in which they occur. The U.S. Tax Cuts and Jobs Act (“Tax Reform”) was enacted into law on December 22, 2017. Tax Reform made broad and complex changes to the U.S. tax code, for which complete guidance may have not yet been issued. Tax Reform changes included, but were not limited to, (i) reducing the U.S. corporate statutory tax rate, (ii) requiring a one-time transition tax on certain unremitted earnings of foreign subsidiaries that is payable over an eight-year period, (iii) eliminating U.S. federal income taxes on dividends from foreign subsidiaries, and (iv) bonus depreciation that will allow for full expensing of qualifying property. Tax Reform reduced the U.S. corporate statutory tax rate from 35% to 21% effective upon enactment. The Company has made reasonable estimates of certain effects and, therefore, has recorded provisions for net deferred tax assets at the new applicable rate and the one-time deemed repatriation tax on accumulated unremitted foreign earnings. During the current fiscal year, the Company recorded favorable adjustments to these provisions of $0.3 million , which were recorded within the twelve-month measurement period ended December 31, 2018. As of March 31, 2019 , the remaining provision recorded for the one-time deemed repatriation tax is $11.9 million , including $10.9 million recorded in Long-term income taxes payable on the Condensed Consolidated Balance Sheet. Tax Reform also subjects U.S. corporations to tax on Global Intangible Low-Taxed Income (“GILTI”), which imposes tax on foreign earnings in excess of a deemed return on tangible assets. The Company’s estimates indicate it does not have a material liability under the GILTI tax rules. The Company has elected an accounting policy to record any future GILTI related taxes in the period in which they occur. The Company entered into a Tax Matters Agreement with Kimball International, Inc. (our “former Parent”) that governs the Company’s rights and obligations after the spin-off from former Parent on October 31, 2014 with respect to tax liabilities and benefits, tax attributes, tax contests, and other tax sharing regarding income taxes, other tax matters, and related tax returns. The Company will continue to have joint and several liabilities with former Parent with the IRS and certain U.S. state tax authorities for U.S. federal income and state taxes for the taxable periods in which the Company was a part of former Parent’s consolidated group. The tax matters agreement specifies the portion, if any, of this liability for which the Company bears responsibility, and former Parent has agreed to indemnify the Company against any amounts for which the Company is not responsible. As of both March 31, 2019 and June 30, 2018 , the Company has a receivable from Kimball International recorded for $0.5 million , of which $0.4 million is a long-term receivable, and was recorded in Other Assets on the Condensed Consolidated Balance Sheets, relating to benefits from domestic research and development tax credits. New Accounting Standards: Adopted in fiscal year 2019: In August 2018, the FASB issued guidance on changes to the disclosure requirements for fair value measurement. The new guidance modifies the disclosure requirements on fair value measurement which includes among other changes eliminating the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, eliminating the requirement to disclose the policy for timing of transfers between levels, and added a requirement to disclose changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. We adopted this guidance early, as permitted, in our first quarter of fiscal year 2019. As this guidance only impacts disclosures related to fair value measurement, the adoption did not impact our consolidated financial position, results of operations, or cash flows. In March 2017, the FASB issued guidance on improving the presentation of net periodic pension cost and net periodic postretirement benefit cost. The new guidance changes how employers that sponsor defined benefit pension plans and other postretirement plans present net periodic benefit costs in the income statement. An employer is required to report the service cost component in the same line item as other compensation costs arising from services rendered by the affected employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside of income from operations. The update also allows only the service cost component to be eligible for capitalization, when applicable. The amendments in this guidance were to be applied retrospectively for the presentation of the service cost component and the other components of the net benefit cost in the income statement, and prospectively for the capitalization of the service cost component in assets. We adopted this guidance in our first quarter of fiscal year 2019. We adopted the guidance on a retrospective basis for the presentation of the service cost component and the other components of the net benefit cost in the income statement. The prior period presentation has been restated. The retrospective adoption for the presentation of the service cost component and the other components of the net benefit cost in the income statement decreased our Operating income and increased our Non-operating income (expense), net by the same amount on our Condensed Consolidated Statements of Income of $110 thousand and $81 thousand for the three months ended March 31, 2019 and 2018 , respectively, and $316 thousand and $222 thousand for the nine months ended March 31, 2019 and 2018 , respectively. There was no effect to Net income or Earnings per share for the retrospective adoption for the presentation of the service cost component and the other components of the net benefit cost. The impact from the prospective adoption for the capitalization of only the service cost component in assets was not material. In May 2014, the FASB issued guidance on the recognition of Revenue from Contracts with Customers. The core principle of the guidance is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. To achieve this core principle, the guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance addresses several areas including transfer of control, contracts with multiple performance obligations, and costs to obtain and fulfill contracts. The guidance also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company adopted the New Revenue Guidance for all contracts using the modified retrospective transition method. We recognized the net cumulative effect of initially applying the New Revenue Guidance as an adjustment to the opening balance of retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. A majority of our sales revenue under the New Revenue Guidance will be recognized over time as manufacturing services are performed. This represents a change from our previous revenue recognition pattern as revenue was historically recognized at a point in time when title and risk of loss passed to the customer according to the terms of the contract. The remaining sales revenue for manufactured products will be recognized at a point in time when the customer obtains control of the product if the criteria to recognize revenue over time is not met for a specific contract. The effect of the adoption of the New Revenue Guidance on our Condensed Consolidated Balance Sheet as of July 1, 2018, our Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2019 , and our Condensed Consolidated Balance Sheet as of March 31, 2019 , resulting primarily from the change to recognize a majority of our revenue over time as manufacturing services are performed, were as follows: (Amounts in Thousands) (Unaudited) Balance at June 30, 2018 Adjustments from Adoption of New Revenue Guidance Balance at July 1, 2018 ASSETS Contract assets $ — $ 43,241 $ 43,241 Inventories 201,596 (39,169 ) 162,427 Other Assets 23,994 (871 ) 23,123 LIABILITIES AND SHARE OWNERS’ EQUITY Accrued expenses 32,446 151 32,597 Retained earnings 99,374 3,050 102,424 For the Three Months Ended March 31, 2019 (Amounts in Thousands) (Unaudited) As Reported Amounts Excluding Changes Related to New Revenue Guidance Effect of Change Income Statement Net Sales $ 313,454 $ 310,861 $ 2,593 Cost of Sales 286,900 284,784 2,116 Gross Profit 26,554 26,077 477 Operating Income 14,497 14,020 477 Income Before Taxes on Income 14,674 14,197 477 Provision for Income Taxes 2,825 2,732 93 Net Income $ 11,849 $ 11,465 $ 384 Earnings Per Share of Common Stock Basic $ 0.46 $ 0.45 $ 0.01 Diluted $ 0.46 $ 0.45 $ 0.01 At or For the Nine Months Ended March 31, 2019 (Amounts in Thousands) (Unaudited) As Reported Amounts Excluding Changes Related to New Revenue Guidance Effect of Change Income Statement Net Sales $ 863,223 $ 854,242 $ 8,981 Cost of Sales 798,039 789,853 8,186 Gross Profit 65,184 64,389 795 Operating Income 31,741 30,946 795 Income Before Taxes on Income 29,771 28,976 795 Provision for Income Taxes 5,738 5,583 155 Net Income $ 24,033 $ 23,393 $ 640 Earnings Per Share of Common Stock Basic $ 0.92 $ 0.90 $ 0.02 Diluted $ 0.92 $ 0.89 $ 0.03 Balance Sheet ASSETS Contract assets $ 52,222 $ — $ 52,222 Inventories 213,200 260,605 (47,405 ) Other Assets 24,633 24,633 — LIABILITIES AND SHARE OWNERS’ EQUITY Accrued expenses $ 39,385 $ 38,258 $ 1,127 Retained earnings $ 126,457 $ 122,767 $ 3,690 Not Yet Adopted: In August 2018, the FASB issued guidance on Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. This new guidance amends the accounting for implementation, setup, and other upfront costs incurred in a cloud computing hosting arrangement. The amendment aligns the requirement for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendment also requires companies to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement, including options to extend the agreement that is in control of the customer. The guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted. The guidance is to be adopted either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of the adoption of this guidance on our consolidated financial statements. In February 2016, the FASB issued guidance on leases with subsequent amendments to this new guidance in January 2018, July 2018, and December 2018. The new guidance requires lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by those leases and requires additional qualitative and quantitative disclosures. Under the current guidance, only capital leases are recognized on the balance sheet. The new guidance will be effective for our fiscal year 2020 interim and annual financial statements. Early application is permitted. The guidance is to be adopted using a modified retrospective transition method, with the option to recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption. The Company will adopt this guidance in the first quarter of fiscal year 2020 using the optional transition method of applying the new guidance at July 1, 2019, and if applicable, recognize a cumulative effect adjustment to the beginning balance of retained earnings in fiscal year 2020. Upon adoption, this new guidance will impact our consolidated financial position by increasing total assets and total liabilities as we recognize right-of-use assets and operating lease liabilities. We are currently evaluating the practical expedients and accounting policy elections as well as the overall impact of the adoption of this guidance on our consolidated financial statements.

Note 2. Acquisition (Notes)

Note 2. Acquisition (Notes)	9 Months Ended
	Mar. 31, 2019
Acquisition [Abstract]
Business Combination Disclosure	Acquisition On October 1, 2018 , the Company completed the acquisition of GES Holdings, Inc., Global Equipment Services and Manufacturing, Inc., and its subsidiaries (collectively referred to as “GES”). The acquisition included purchasing substantially all of the assets and assuming certain liabilities of GES Holdings, Inc., Global Equipment Services and Manufacturing, Inc., GES Infotek Pvt. Ltd., (India), GES Japan KK, Global Equipment Services and Manufacturing (Suzhou) Co., Ltd., (China), Suzhou Global Equipment Services and Trading Co., Ltd. (China), and acquiring 100% of the capital stock of Global Equipment Services & Manufacturing Vietnam Company Limited. This acquisition supports the Company’s new platform strategy for expansion and diversification to become a multifaceted manufacturing solutions company. GES specializes in production processing and test equipment design, volume contract manufacturing, and global contract services for industrial applications in the semiconductor, electronics, and life sciences industries. Incremental costs directly related to the acquisition totaled $1.1 million , which were expensed as incurred, including $0.2 million during the nine months ended March 31, 2019 and these costs were recorded in Selling and Administrative Expenses on our Condensed Consolidated Statements of Income. The operating results of this acquisition are included in the Company’s consolidated financial statements beginning on the acquisition date of October 1, 2018. The GES acquisition was accounted for as a business combination. As of March 31, 2019, the Company has recorded a net adjusted purchase price of $40.1 million which includes reductions for an estimated net working capital adjustment of $7.6 million and $2.3 million for cash acquired. Cash paid, net of cash acquired, is $43.9 million , and a net receivable due from the seller has been recognized for $3.8 million . The net working capital adjustment is estimated per the asset purchase agreement and is considered preliminary, therefore the purchase price is not final. The acquisition was primarily funded with the Company’s primary credit facility. The Company has determined this acquisition is not a significant subsidiary. The following table summarizes the preliminary purchase price allocation to assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess allocated to goodwill. The goodwill is expected to be deductible for tax purposes. The fair values of the assets acquired and the liabilities assumed presented in these financial statements are preliminary and may differ from the final purchase price allocation after the net working capital adjustment is finalized and as the Company obtains additional information during the measurement period, which will end no later than one year from the acquisition date. (Amounts in Thousands) October 1, 2018 Receivables $ 18,955 Inventories 7,850 Prepaid expenses and other current assets 1,424 Property and Equipment 9,100 Other Intangible Assets 19,259 Other Assets 498 Goodwill 5,218 Total assets acquired $ 62,304 Borrowings under Credit Facilities $ 12,843 Accounts payable 4,113 Accrued expenses 1,340 Other long-term liabilities 3,884 Total liabilities assumed $ 22,180 Net assets acquired $ 40,124 Income tax liabilities, indirect tax liabilities, and liabilities for unrecognized tax benefits, including interest and penalties, of $4.2 million have been recorded related to pre-closing tax periods of Global Equipment Services & Manufacturing Vietnam Company Limited of which $3.9 million is in Other long-term liabilities and $0.3 million is included in Accrued expenses. This reflects management’s best assessment of the estimated taxes, interest, and penalties that are more likely than not to be paid, or for indirect taxes the probable amounts due to the tax authorities, including interest and penalties, under the applicable laws in the various jurisdictions. Because of the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities. Included in Receivables is a related indemnification asset of $4.2 million for these estimated tax liabilities. The seller has agreed to indemnify the buyer in the purchase agreements for all taxes allocable to all pre-closing tax periods. Other Intangible Assets include the estimated fair values for finite-lived intangible assets acquired and are listed in the table below along with their estimated useful lives which are being amortized on a straight-line basis. (Amounts in Thousands) Estimated Fair Value Estimated useful life (years) Software $ 379 3 to 7 Technology $ 5,060 5 Trade name $ 6,369 10 Customer relationships $ 7,451 15

Note 3. Revenue from Contracts

Note 3. Revenue from Contracts with Customers (Notes)	9 Months Ended
	Mar. 31, 2019
Revenue from Contracts with Customers [Abstract]
Revenue from Contract with Customer	Revenue from Contracts with Customers We recognize revenue in accordance with the New Revenue Guidance. See Note 1 – Business Description and Summary of Significant Accounting Policies of Notes to Condensed Consolidated Financial Statements for more information regarding our revenue recognition policies and on the adoption of the New Revenue Guidance, including the impact on our Condensed Consolidated Balance Sheet and Condensed Consolidated Statements of Income. Our revenue from contracts with customers is generated primarily from manufacturing services provided for the production of electronic assemblies, components, and medical disposables in automotive, medical, industrial, and public safety applications, to the specifications and designs of our customers. The following table disaggregates our revenue by end market vertical for the three and nine months ended March 31, 2019 . Three Months Ended Nine Months Ended (Amounts in Millions) March 31, 2019 March 31, 2019 Vertical Markets: Automotive $ 127.3 $ 345.6 Medical 99.1 267.0 Industrial 68.0 187.6 Public Safety 15.1 50.1 Other 4.0 12.9 Total net sales $ 313.5 $ 863.2 Approximately 68% and 70% of our net sales were recognized over time under the New Revenue Guidance for the three and nine months ended March 31, 2019 , respectively, as manufacturing services were performed. The remaining sales revenue was primarily recognized when the customer obtained control of the manufactured product under the New Revenue Guidance if the criteria to recognize revenue over time was not met for a specific contract. Revenue recognized for tooling, excess inventory, and other services was not material for the three and nine months ended March 31, 2019 . The timing differences of revenue recognition, billings to our customers, and cash collections from our customers result in billed accounts receivable and unbilled accounts receivable. Contract assets on the Condensed Consolidated Balance Sheet relate to unbilled accounts receivable and occur when revenue is recognized over time as manufacturing services are provided and the billing to the customer has not yet occurred as of the balance sheet date. The Contract assets as of March 31, 2019 of $52.2 million increased from the Contract assets recognized as of the initial adoption of the New Revenue Guidance on July 1, 2018 of $43.2 million as a result of timing differences between revenue recognized and the billings to our customers. In limited circumstances, the Company may receive payments from customers in advance of the satisfaction of performance obligations primarily for tooling or other miscellaneous services or costs. These advance payments are recognized as contract liabilities until the performance obligations are completed and are included in Accrued expenses on the Condensed Consolidated Balance Sheets, which amounted to $6.5 million and $1.7 million as of March 31, 2019 and June 30, 2018, respectively.

Note 4. Inventories

Note 4. Inventories	9 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventory Disclosure	Inventories Inventories were valued using the lower of first-in, first-out (“FIFO”) cost and net realizable value. Inventory components were as follows: (Amounts in Thousands) March 31, 2019 June 30, Finished products $ 4,263 $ 25,552 Work-in-process 4,337 17,254 Raw materials 204,600 158,790 Total inventory $ 213,200 $ 201,596 As a result of the adoption of the New Revenue Guidance, inventories as of March 31, 2019 have been reduced for the contracts which have been recognized in revenue over time as manufacturing services are performed. Total inventory as of March 31, 2019 is $47.4 million lower than it would have been if we had not adopted the New Revenue Guidance. Inventories as of June 30, 2018 have not been restated and continue to be reported under the accounting guidance in effect at that time. See Note 1 - Business Description and Significant Accounting Policies and Note 3 - Revenue from Contracts with Customers for further information on adoption of the New Revenue Guidance.

Note 5. Accumulated Other Compr

Note 5. Accumulated Other Comprehensive Income (Loss)	9 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Accumulated Comprehensive Income (Loss)	Accumulated Other Comprehensive Income (Loss) During the nine months ended March 31, 2019 and 2018 , the changes in the balances of each component of Accumulated Other Comprehensive Income (Loss), net of tax, were as follows: Accumulated Other Comprehensive Income (Loss) (Amounts in Thousands) Foreign Currency Translation Adjustments Derivative Gain (Loss) Post Employment Benefits Net Actuarial Gain Accumulated Other Comprehensive Income (Loss) Balance at June 30, 2018 $ (4,357 ) $ (3,379 ) $ 837 $ (6,899 ) Other comprehensive income (loss) before reclassifications (3,717 ) 1,970 282 (1,465 ) Reclassification to (earnings) loss — (452 ) (264 ) (716 ) Net current-period other comprehensive income (loss) (3,717 ) 1,518 18 (2,181 ) Balance at March 31, 2019 $ (8,074 ) $ (1,861 ) $ 855 $ (9,080 ) Balance at June 30, 2017 $ (6,876 ) $ (2,788 ) $ 580 $ (9,084 ) Tax Reform impact (1) — (81 ) 130 49 Other comprehensive income (loss) before reclassifications 7,561 (757 ) 252 7,056 Reclassification to (earnings) loss — 905 (155 ) 750 Net current-period other comprehensive income (loss) 7,561 67 227 7,855 Balance at March 31, 2018 $ 685 $ (2,721 ) $ 807 $ (1,229 ) (1) In the third quarter of fiscal year 2018, the Company adopted a new accounting standard on accounting for the reclassification of certain tax effects from accumulated other comprehensive income related to Tax Reform. The following reclassifications were made from Accumulated Other Comprehensive Income (Loss) to the Condensed Consolidated Statements of Income: Reclassifications from Accumulated Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended Affected Line Item in the Condensed Consolidated Statements of Income March 31 March 31 (Amounts in Thousands) 2019 2018 2019 2018 Derivative gain (loss) (1) $ 571 $ (457 ) $ 541 $ (961 ) Cost of Sales (10 ) — 5 — Non-operating income (expense), net (110 ) 57 (94 ) 56 Benefit (Provision) for Income Taxes $ 451 $ (400 ) $ 452 $ (905 ) Net of Tax Postemployment Benefits: Amortization of actuarial gain (2) 120 93 348 258 Non-operating income (expense), net (29 ) (41 ) (84 ) (103 ) Benefit (Provision) for Income Taxes $ 91 $ 52 $ 264 $ 155 Net of Tax Total reclassifications for the period $ 542 $ (348 ) $ 716 $ (750 ) Net of Tax Amounts in parentheses indicate reductions to income. (1) See Note 9 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements for further information on derivative instruments. (2) See Note 11 - Postemployment Benefits of Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans. See Note 1 - Business Description and Significant Accounting Policies for further information on the restatement of the prior period presentation in the table above due to the adoption of new guidance issued by the FASB.

Note 6. Commitments and Conting

Note 6. Commitments and Contingent Liabilities	9 Months Ended
	Mar. 31, 2019
Commitments and Contingent Liabilities [Abstract]
Commitments and Contingencies Disclosure	Commitments and Contingent Liabilities Standby letters of credit may be issued to third-party suppliers and insurance institutions and can only be drawn upon in the event of the Company’s failure to pay its obligations to a beneficiary. As of March 31, 2019 , we had a maximum financial exposure from unused standby letters of credit totaling $0.4 million . We don’t expect circumstances to arise that would require us to perform under any of these arrangements and believe that the resolution of any claims that might arise in the future, either individually or in the aggregate, would not materially affect our condensed consolidated financial statements. Accordingly, no liability has been recorded as of March 31, 2019 with respect to the standby letters of credit. The Company also may enter into commercial letters of credit to facilitate payments to vendors and from customers. The Company’s China operation, in limited circumstances, receives banker’s acceptance drafts from customers as settlement for their trade accounts receivable. We in turn may transfer the acceptance drafts to a supplier of ours in settlement of current accounts payable. These drafts contain certain recourse provisions afforded to the transferee under laws of The People’s Republic of China. If a transferee were to exercise its available recourse rights, the draft would revert back to our China operation and we would be required to satisfy the obligation with the transferee. At March 31, 2019 , the drafts transferred and outstanding totaled $1.5 million . No transferee has exercised their recourse rights against us. For additional information on banker’s acceptance drafts, see Note 1 – Business Description and Summary of Significant Accounting Policies of Notes to Condensed Consolidated Financial Statements. The Company provides only assurance-type warranties for a limited time period, which cover workmanship and assures the product complies with specifications provided by or agreed upon with the customer. We maintain a provision for limited warranty repair or replacement of products manufactured and sold, which has been established in specific manufacturing contract agreements. We estimate product warranty liability at the time of sale based on historical repair or replacement cost trends in conjunction with the length of the warranty offered. Management refines the warranty liability periodically based on changes in historical cost trends and in certain cases where specific warranty issues become known. Changes in the product warranty accrual for the nine months ended March 31, 2019 and 2018 were as follows: Nine Months Ended March 31 (Amounts in Thousands) 2019 2018 Product warranty liability at the beginning of the period $ 656 $ 593 Additions to warranty accrual (including changes in estimates) 40 396 Settlements made (in cash or in kind) (40 ) (135 ) Product warranty liability at the end of the period $ 656 $ 854

Note 7. Credit Facilities (Note

Note 7. Credit Facilities (Notes)	9 Months Ended
	Mar. 31, 2019
Credit Facilities [Abstract]
Debt Disclosure	Credit Facilities Credit facilities consisted of the following: Availability to Borrow at Borrowings Outstanding at Borrowings Outstanding at (Amounts in Millions, in U.S Dollar Equivalents) March 31, 2019 March 31, 2019 June 30, 2018 Primary credit facility (1) $ 24.8 $ 124.8 $ 6.0 Thailand overdraft credit facility (2) 2.8 — — China revolving credit facility (2) 7.5 — — Netherlands revolving credit facility (2) 8.1 2.2 2.3 Poland revolving credit facility (3) 16.8 — — Total credit facilities $ 60.0 $ 127.0 $ 8.3 Less: current portion $ (35.5 ) $ (8.3 ) Long-term debt under credit facilities, less current portion (4) $ 91.5 $ — (1) At March 31, 2019 , the Company maintains a U.S. primary credit facility (the “primary facility”) dated as of July 27, 2018 and scheduled to mature in July 2023 . The primary facility provides for $150 million in borrowings, with an option to increase the amount available for borrowing to $225 million upon request, subject to the consent of each lender participating in such increase. This facility is maintained for working capital and general corporate purposes of the Company including capital expenditures and potential acquisitions. A commitment fee is payable on the unused portion of the credit facility at a rate that ranges from 20.0 to 25.0 basis points per annum as determined by the Company’s ratio of consolidated total indebtedness to adjusted consolidated EBITDA, as defined in the primary facility. Types of borrowings available on the primary facility include revolving loans, multi-currency term loans, and swingline loans. The interest rate on borrowings is dependent on the type of borrowings. The Company’s financial covenants under the primary credit facility require: • a ratio of consolidated total indebtedness minus unencumbered U.S. cash on hand in the United States in excess of $15 million to adjusted consolidated EBITDA, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be greater than 3.0 to 1.0, and • a fixed charge coverage ratio, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be less than 1.10 to 1.00. The Company had $0.4 million in letters of credit contingently committed against the credit facility at March 31, 2019 . (2) At March 31, 2019 , the Company also maintains foreign credit facilities in Thailand, China, and the Netherlands. For more information on these foreign credit facilities, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 . (3) During the current fiscal year, the Company established an uncommitted revolving credit facility for our Poland operation, which allows for borrowings up to 15 million Euro that can be drawn in Euro, U.S. dollars, or Polish Zloty. Proceeds from the facility are to be used for general working capital purposes. Interest on borrowing under this facility is charged at a rate of interest dependent on the denomination of the currency borrowed. The facility matures on December 20, 2019 . (4) The amount of Long-term debt, less current maturities at March 31, 2019 reflects the borrowings on the primary facility that the Company intends, and has the ability, to refinance for a period longer than twelve months. The weighted-average interest rate on the borrowings outstanding under the credit facilities at March 31, 2019 was 4.39% .

Note 8. Fair Value

Note 8. Fair Value	9 Months Ended
	Mar. 31, 2019
Fair Value [Abstract]
Fair Value Disclosures	Fair Value The Company categorizes assets and liabilities measured at fair value into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than those included in level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. There were no changes in the inputs or valuation techniques used to measure fair values during the nine months ended March 31, 2019 . For more information on inputs and fair valuation techniques used, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 . Recurring Fair Value Measurements: As of March 31, 2019 and June 30, 2018 , 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: March 31, 2019 (Amounts in Thousands) Level 1 Level 2 Total Assets Cash equivalents $ 1,116 $ — $ 1,116 Derivatives: foreign exchange contracts — 2,578 2,578 Trading securities: mutual funds held in nonqualified SERP 9,030 — 9,030 Total assets at fair value $ 10,146 $ 2,578 $ 12,724 Liabilities Derivatives: foreign exchange contracts $ — $ 432 $ 432 Total liabilities at fair value $ — $ 432 $ 432 June 30, 2018 (Amounts in Thousands) Level 1 Level 2 Total Assets Cash equivalents $ 1,099 $ — $ 1,099 Derivatives: foreign exchange contracts — 1,713 1,713 Trading securities: mutual funds held in nonqualified SERP 8,769 — 8,769 Total assets at fair value $ 9,868 $ 1,713 $ 11,581 Liabilities Derivatives: foreign exchange contracts $ — $ 1,867 $ 1,867 Total liabilities at fair value $ — $ 1,867 $ 1,867 We had no level 3 assets or liabilities measured at fair value during the nine months ended March 31, 2019 . Nonqualified supplemental employee retirement plan (“SERP”) assets consist primarily of equity funds, balanced funds, bond funds, and a money market fund. The SERP investment assets are offset by a SERP liability which represents Kimball Electronics’ obligation to distribute SERP funds to participants. See Note 10 - Investments of Notes to Condensed Consolidated Financial Statements for further information regarding the SERP. Financial Instruments Not Carried At Fair Value: Financial instruments that are not reflected in the Condensed Consolidated Balance Sheets at fair value that have carrying amounts which approximate fair value include notes receivable and borrowings under credit facilities. There were no changes to the inputs and valuation techniques used to assess the fair value of these financial instruments during the nine months ended March 31, 2019 . For more information on inputs and fair valuation techniques used, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 . The carrying value of our cash deposit accounts, trade accounts receivable, and trade accounts payable approximates fair value due to the relatively short maturity and immaterial non-performance risk.

Note 9. Derivative Instruments

Note 9. Derivative Instruments	9 Months Ended
	Mar. 31, 2019
Derivative Instruments [Abstract]
Derivative Instruments and Hedging Activities Disclosure	Derivative Instruments Foreign Exchange Contracts: We operate internationally and are therefore exposed to foreign currency exchange rate fluctuations in the normal course of business. Our primary means of managing this exposure is to utilize natural hedges, such as aligning currencies used in the supply chain with the sale currency. To the extent natural hedging techniques do not fully offset currency risk, we use derivative instruments with the objective of reducing the residual exposure to certain foreign currency rate movements. Factors considered in the decision to hedge an underlying market exposure include the materiality of the risk, the volatility of the market, the duration of the hedge, the degree to which the underlying exposure is committed to, and the availability, effectiveness, and cost of derivative instruments. Derivative instruments are only utilized for risk management purposes and are not used for speculative or trading purposes. We use forward contracts designated as cash flow hedges to protect against foreign currency exchange rate risks inherent in forecasted transactions denominated in a foreign currency. Foreign exchange contracts are also used to hedge against foreign currency exchange rate risks related to intercompany balances denominated in currencies other than the functional currencies. As of March 31, 2019 , we had outstanding foreign exchange contracts to hedge currencies against the U.S. dollar in the aggregate notional amount of $32.0 million and to hedge currencies against the Euro in the aggregate notional amount of 73.3 million Euro. The notional amounts are indicators of the volume of derivative activities but may not be indicators of the potential gain or loss on the derivatives. In limited cases due to unexpected changes in forecasted transactions, cash flow hedges may cease to meet the criteria to be designated as cash flow hedges. Depending on the type of exposure hedged, we may either purchase a derivative contract in the opposite position of the undesignated hedge or may retain the hedge until it matures if the hedge continues to provide an adequate offset in earnings against the currency revaluation impact of foreign currency denominated liabilities. The fair value of outstanding derivative instruments is recognized on the balance sheet as a derivative asset or liability. When derivatives are settled with the counterparty, the derivative asset or liability is relieved and cash flow is impacted for the net settlement. For derivative instruments that meet the criteria of hedging instruments under FASB guidance, the effective portions of the gain or loss on the derivative instrument are initially recorded net of related tax effect in Accumulated Other Comprehensive Income (Loss), a component of Share Owners’ Equity, and are subsequently reclassified into earnings in the period or periods during which the hedged transaction is recognized in earnings. The ineffective portion of the derivative gain or loss is reported immediately in Non-operating income (expense), net on the Condensed Consolidated Statements of Income. The gain or loss associated with derivative instruments that are not designated as hedging instruments or that cease to meet the criteria for hedging under FASB guidance is also reported immediately in Non-operating income (expense), net on the Condensed Consolidated Statements of Income. Based on fair values as of March 31, 2019 , we estimate that approximately $0.3 million of pre-tax derivative gain deferred in Accumulated Other Comprehensive Loss will be reclassified into earnings, along with the earnings effects of related forecasted transactions, within the next 12 months. Gains on foreign exchange contracts are generally offset by losses in operating income in the income statement when the underlying hedged transaction is recognized in earnings. Because gains or losses on foreign exchange contracts fluctuate partially based on currency spot rates, the future effect on earnings of the cash flow hedges alone is not determinable, but in conjunction with the underlying hedged transactions, the result is expected to be a decline in currency risk. The maximum length of time we had hedged our exposure to the variability in future cash flows was 12 months as of both March 31, 2019 and June 30, 2018 . See Note 8 - Fair Value of Notes to Condensed Consolidated Financial Statements for further information regarding the fair value of derivative assets and liabilities and the Condensed Consolidated Statements of Comprehensive Income for the changes in deferred derivative gains and losses. Information on the location and amounts of derivative fair values in the Condensed Consolidated Balance Sheets and derivative gains and losses in the Condensed Consolidated Statements of Income are presented below. Fair Value of Derivative Instruments on the Condensed Consolidated Balance Sheets Asset Derivatives Liability Derivatives Fair Value As of Fair Value As of (Amounts in Thousands) Balance Sheet Location March 31, June 30, Balance Sheet Location March 31, June 30, Derivatives Designated as Hedging Instruments: Foreign exchange contracts Prepaid expenses and other current assets $ 1,309 $ 758 Accrued expenses $ 432 $ 1,857 Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts Prepaid expenses and other current assets 1,269 955 Accrued expenses — 10 Total derivatives $ 2,578 $ 1,713 $ 432 $ 1,867 The Effect of Derivative Instruments on Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2019 2018 2019 2018 Amount of Pre-Tax Gain or (Loss) Recognized in Other Comprehensive Income (Loss) (OCI) on Derivatives (Effective Portion): Foreign exchange contracts $ 748 $ 1,009 $ 2,487 $ (1,033 ) The Effect of Derivative Instruments on Condensed Consolidated Statements of Income Three Months Ended Nine Months Ended (Amounts in Thousands) March 31 March 31 Derivatives in Cash Flow Hedging Relationships Location of Gain or (Loss) 2019 2018 2019 2018 Amount of Pre-Tax Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion): Foreign exchange contracts Cost of Sales $ 571 $ (457 ) $ 541 $ (961 ) Foreign exchange contracts Non-operating income (expense) (10 ) — — — Total $ 561 $ (457 ) $ 541 $ (961 ) Amount of Pre-Tax Loss Reclassified from Accumulated OCI into Income (Ineffective Portion): Foreign exchange contracts Non-operating income (expense) $ — $ — $ 5 $ — Derivatives Not Designated as Hedging Instruments Amount of Pre-Tax Gain or (Loss) Recognized in Income on Derivatives: Foreign exchange contracts Non-operating income (expense) $ 1,346 $ (663 ) $ 2,838 $ (1,744 ) Total Derivative Pre-Tax Gain (Loss) Recognized in Income $ 1,907 $ (1,120 ) $ 3,384 $ (2,705 )

Note 10. Investments

Note 10. Investments	9 Months Ended
	Mar. 31, 2019
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 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 (decrease)/increase in net unrealized holding gains for the nine months ended March 31, 2019 and 2018 was, in thousands, $(158) and $480 , respectively. SERP asset and liability balances applicable to Kimball Electronics participants were as follows: (Amounts in Thousands) March 31, June 30, SERP investments - current asset $ 1,708 $ 294 SERP investments - other long-term asset 7,322 8,475 Total SERP investments $ 9,030 $ 8,769 SERP obligation - current liability $ 1,708 $ 294 SERP obligation - other long-term liability 7,322 8,475 Total SERP obligation $ 9,030 $ 8,769

Note 11. Postemployment Benefit

Note 11. Postemployment Benefits	9 Months Ended
	Mar. 31, 2019
Defined Benefit Plan [Abstract]
Postemployment Benefits Disclosure	Postemployment Benefits The Company maintains severance plans for all domestic employees. These plans provide severance benefits to eligible employees meeting the plans’ qualifications, primarily involuntary termination without cause. There are no statutory requirements for us to contribute to the plans, nor do employees contribute to the plans. The plans hold no assets. Benefits are paid using available cash on hand when eligible employees meet plan qualifications for payment. Benefits are based upon an employee’s years of service and accumulate up to certain limits specified in the plans and include both salary and an allowance for medical benefits. The net periodic postemployment benefit costs were not material for the nine months ended March 31, 2019 and 2018 . Unusual or non-recurring severance actions are not estimable using actuarial methods and are expensed in accordance with the applicable U.S. GAAP.

Note 12. Stock Compensation Pla

Note 12. Stock Compensation Plans	9 Months Ended
	Mar. 31, 2019
Stock Compensation Plans [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments	Stock Compensation Plans The Company maintains a stock compensation plan, the Kimball Electronics, Inc. 2014 Stock Option and Incentive Plan (the “Plan”), which allows for the issuance of up to 4.5 million shares and may be awarded in the form of incentive stock options, stock appreciation rights, restricted shares, unrestricted shares, restricted share units, or performance shares and performance units. The Plan is a ten-year plan with no further awards allowed to be made under the Plan after October 1, 2024. The Company also maintains a nonqualified deferred stock compensation plan, the Kimball Electronics, Inc. Non-Employee Directors Stock Compensation Deferral Plan (the “Deferral Plan”), which allows Non-Employee Directors of the Company’s Board of Directors (the “Board”) to elect to defer all, or a portion of, their retainer fees in stock until retirement or termination from the Board or death. The Deferral Plan allows for issuance of up to 1.0 million shares of the Company’s common stock. For more information on the Plan and the Deferral Plan, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 . During the first nine months of fiscal year 2019 , the following stock compensation was awarded under the Plan and the Deferral Plan. Stock Compensation Awarded Quarter Awarded Shares/Units Grant Date Fair Value (2) Long-Term Performance Shares (1) 1st Quarter 192,868 $20.05 Unrestricted shares (3) 2nd Quarter 4,236 $17.69 Deferred share units (Director compensation) (4) 2nd Quarter 32,758 $17.40 (1) Long-term performance shares were awarded to officers and other key employees. Payouts will be based upon a combination of a bonus percentage attainment component calculated under the Company’s profit sharing incentive bonus plan, adjusted to a three-year average bonus percentage, and a growth attainment component, which is the Company’s growth in sales revenue based on comparison of its three-year compounded annual growth rate (“CAGR”) with the Electronics Manufacturing Services Industry’s three-year CAGR. The long-term performance shares awarded are based on three successive annual performance measurement periods, with each annual tranche having a grant date when economic profit tiers are established and approved by the Compensation and Governance Committee of the Board near the beginning of the applicable fiscal year and a vesting date shortly after the end of each annual period. The number of shares issued will be less than the maximum shares issuable if one or both of the above-mentioned incentive metric maximum thresholds are not obtained. (2) The grant date fair value is based on the stock price at the date of the award and for long-term performance shares is applicable to the first tranche only. (3) Unrestricted shares were awarded to a non-employee member of the Company’s Board of Directors as compensation for the portion of director’s annual retainer fees as a result of the directors’ election to be paid in unrestricted shares in lieu of cash payment or deferred share units. Director’s fees are expensed over the period that directors earn the compensation. Unrestricted shares were also awarded to a key employee which were expensed immediately. Unrestricted shares do not have vesting periods, holding periods, restrictions on sales, or other restrictions. (4) Deferred share units were awarded to non-employee members of the Company’s Board of Directors as compensation for the portion of director’s annual retainer fees as a result of directors’ elections to receive deferred share units in lieu of cash payment or unrestricted shares. Director’s fees are expensed over the period that directors earn the compensation. Deferred share units are participating securities and are payable in common stock upon a Director’s retirement or termination from the Board or death.

Note 13. Goodwill and Other Int

Note 13. Goodwill and Other Intangible Assets (Notes)	9 Months Ended
	Mar. 31, 2019
Goodwill and Other Intangible Assets [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Other Intangible Assets A summary of goodwill is as follows: (Amounts in Thousands) Balance as of June 30, 2018 Goodwill $ 19,017 Accumulated impairment (12,826 ) Goodwill, net 6,191 Goodwill Acquired 5,218 Balance as of March 31, 2019 Goodwill 24,235 Accumulated impairment (12,826 ) Goodwill, net $ 11,409 During the first nine months of fiscal year 2019, we acquired $5.2 million in goodwill resulting from the GES acquisition. See Note 2 - Acquisition of Notes to Condensed Consolidated Financial Statements for more information on this acquisition. A summary of other intangible assets subject to amortization is as follows: March 31, 2019 June 30, 2018 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Net Value Capitalized Software $ 32,054 $ 26,854 $ 5,200 $ 30,484 $ 26,154 $ 4,330 Customer Relationships 8,618 1,378 7,240 1,167 1,122 45 Technology 5,060 513 4,547 — — — Trade Name 6,369 318 6,051 — — — Other Intangible Assets $ 52,101 $ 29,063 $ 23,038 $ 31,651 $ 27,276 $ 4,375 During the three months ended March 31, 2019 and March 31, 2018 , amortization expense of other intangible assets was, in thousands, $855 and $229 , respectively. Amortization expense of other intangible assets during the nine months ended March 31, 2019 and March 31, 2018 was, in thousands, $1,800 and $670 , respectively. The estimated useful life of internal-use software ranges from 3 years 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.

Note 14. Share Owners' Equity (

Note 14. Share Owners' Equity (Notes)	9 Months Ended
	Mar. 31, 2019
Share Owners' Equity [Abstract]
Stockholders' Equity Note Disclosure	Share Owners’ Equity On October 21, 2015 , the Company’s Board of Directors (the “Board”) authorized an 18-month stock repurchase plan (the “Plan”) allowing a repurchase of up to $20 million worth of common stock. On September 29, 2016, the Board extended the Plan to allow the repurchase of up to an additional $20 million worth of common stock with no expiration date. On August 23, 2017, the Board increased the Plan to allow the repurchase of up to an additional $20 million worth of common stock with no expiration date. On November 8, 2018, the Board approved another extension of the Plan to allow the repurchase of an additional $20 million worth of common stock with no expiration date. This latest increase brings the total authorized stock repurchases under the Plan to $80 million . Purchases may be made under various programs, including in open-market transactions, block transactions on or off an exchange, or in privately negotiated transactions, all in accordance with applicable securities laws and regulations. The Plan may be suspended or discontinued at any time. During the nine months ended March 31, 2019 , the Company repurchased $23.4 million of common stock at an average price of $17.75 which was recorded as Treasury stock, at cost in the Condensed Consolidated Balance Sheets. Since the inception of the Plan, the Company has repurchased $67.9 million of common stock under the Plan at an average cost of $15.04 per share.

Note 15. Earnings Per Share (No

Note 15. Earnings Per Share (Notes)	9 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic and diluted earnings per share were calculated as follows under the two-class method: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in thousands, except per share data) 2019 2018 2019 2018 Basic and Diluted Earnings Per Share: Net Income $ 11,849 $ 10,835 $ 24,033 $ 10,968 Less: Net Income allocated to participating securities 15 5 22 6 Net Income allocated to common Share Owners $ 11,834 $ 10,830 $ 24,011 $ 10,962 Basic weighted average common shares outstanding 25,479 26,714 25,993 26,779 Dilutive effect of average outstanding performance shares 81 129 167 221 Dilutive effect of average outstanding deferred stock units 8 3 21 6 Dilutive weighted average shares outstanding 25,568 26,846 26,181 27,006 Earnings Per Share of Common Stock: Basic $ 0.46 $ 0.41 $ 0.92 $ 0.41 Diluted $ 0.46 $ 0.40 $ 0.92 $ 0.41

Note 1. Business Description _2

Note 1. Business Description and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation: The Condensed Consolidated Financial Statements presented herein reflect the consolidated financial position as of March 31, 2019 and June 30, 2018 , results of operations for the three and nine months ended March 31, 2019 and 2018 , cash flows for the nine months ended March 31, 2019 and 2018 , and share owners’ equity for the three and nine months ended March 31, 2019 and 2018 . The financial data presented herein is unaudited and should be read in conjunction with the annual Consolidated Financial Statements as of and for the year ended June 30, 2018 and related notes thereto included in our Annual Report on Form 10-K. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted, although we believe that the disclosures are adequate to make the information presented not misleading. Intercompany transactions and balances have been eliminated. Management believes the financial statements include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial statements for the interim periods. The results of operations for the interim periods shown in this report are not necessarily indicative of results for any future interim period or for the entire fiscal year.
Revenue Recognition, Policy	Revenue Recognition: We recognize revenue in accordance with the new standard issued by the Financial Accounting Standards Board (“FASB”), Revenue from Contracts with Customers and all the related amendments (“New Revenue Guidance”). Our revenue from contracts with customers is generated primarily from manufacturing services provided for the production of electronic assemblies, components, and medical disposables built to customer’s specifications. Our customer agreements are generally not for a definitive term, but continue for the relevant product’s life cycle. Typically, our customer agreements do not commit the customer to purchase our services until a purchase order is provided, which is generally short-term in nature. Customer purchase orders primarily have a single performance obligation. Generally, the prices stated in the customer purchase orders are agreed upon prices for the manufactured product and do not vary over the term of the order, and therefore, the majority of our contracts do not contain variable consideration. In limited circumstances, we may enter into a contract where we offer our customer a rebate once specific volume thresholds have been met; in these cases, the rebates are accounted for as variable consideration. The majority of our revenue is recognized over time as manufacturing services are performed as we manufacture a product to customer specifications with no alternative use and we have an enforceable right to payment for performance completed to date. The remaining revenue for manufacturing services is recognized when the customer obtains control of the product, typically either upon shipment or delivery of the product dependent on the terms of the contract, and the customer is able to direct the use of and obtain substantially all of the remaining benefits from the asset. We generally recognize revenue over time using costs based input methods, in which judgment is required to evaluate assumptions including the total estimated costs to determine our progress towards contract completion and to calculate the corresponding amount of revenue to recognize. Estimated costs include material, direct and indirect labor, and appropriate applied overheads. Costs based input methods are considered a faithful depiction of our efforts and progress toward satisfying our performance obligations for manufacturing services and for which we believe we are entitled to payment for performance completed to date. The cumulative effect of revisions to estimates related to net contract revenues or costs are recorded in the period in which the revisions to estimates are identified and the amounts can be reasonably estimated. We have elected to account for shipping and handling activities related to contracts with customers as costs to fulfill our promise to transfer the associated services and products. Accordingly, we record customer payments of shipping and handling costs as a component of net sales and classify such costs as a component of cost of sales. We recognize sales net of applicable sales or value add taxes. Based on estimated product returns and price concessions, a reserve for returns and allowances is recorded at the time revenue is recognized, resulting in a reduction of net revenue. Direct incremental costs to obtain and fulfill a contract are capitalized as a contract asset only if they are material, expected to be recovered, and are not accounted for in accordance with other guidance. Incidental items that are immaterial in the context of the contract are recognized as expense in the period incurred.
Notes Receivable and Trade Accounts Receivable	Notes Receivable and Trade Accounts Receivable: Notes receivable and trade accounts receivable are recorded per the terms of the agreement or sale, and accrued interest is recognized when earned. We determine on a case-by-case basis the cessation of accruing interest, the resumption of accruing interest, the method of recording payments received on nonaccrual receivables, and the delinquency status for our limited number of notes receivable. In the ordinary course of business, customers periodically negotiate extended payment terms on trade accounts receivable. Customary terms require payment within 30 to 45 days, with any terms beyond 45 days being considered extended payment terms. We may utilize accounts receivable factoring arrangements with third-party financial institutions in order to extend terms for the customer without negatively impacting our cash flow. These arrangements in all cases do not contain recourse provisions which would obligate us in the event of our customers’ failure to pay. Receivables are considered sold when they are transferred beyond the reach of Kimball Electronics and its creditors, the purchaser has the right to pledge or exchange the receivables, and we have surrendered control over the transferred receivables.
Banker's Acceptance Drafts	The Company’s China operation, in limited circumstances, may receive banker’s acceptance drafts from customers as payment for their trade accounts receivable. The banker’s acceptance drafts are non-interest bearing and primarily mature within six months from the origination date. The Company has the ability to sell the drafts at a discount or transfer the drafts in settlement of current accounts payable prior to the scheduled maturity date. These drafts, which totaled $2.7 million at March 31, 2019 and $3.8 million at June 30, 2018 , are reflected in Receivables on the Condensed Consolidated Balance Sheets until the banker’s drafts are sold at a discount, transferred in settlement of current accounts payable, or cash is received at maturity.
Other General Income	Other General Income: Other General Income in the nine months ended March 31, 2019 included $0.1 million of pre-tax income resulting from a payment received related to a class action lawsuit in which Kimball Electronics was a class member. The lawsuit alleged that certain suppliers to the EMS industry conspired over a number of years to raise and fix the prices of certain electronic capacitors, resulting in overcharges to purchasers of those components. No Other General Income was recorded in the nine months ended March 31, 2018 .
Non-operating Income (Expense), net	Non-operating Income (Expense), net: Non-operating income (expense), net includes the impact of such items as foreign currency rate movements and related derivative gain or loss, fair value adjustments on supplemental employee retirement plan (“SERP”) investments, government subsidies, bank charges, and other miscellaneous non-operating income and expense items that are not directly related to operations. The gain (loss) on SERP investments is offset by a change in the SERP liability that is recognized in Selling and Administrative Expenses.
Income Taxes	Income Taxes: In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate which is based on expected annual income, statutory tax rates, and available tax planning opportunities in the various jurisdictions in which we operate. Unusual or infrequently occurring items are separately recognized in the quarter in which they occur.
GILTI Tax, Policy	The Company has elected an accounting policy to record any future GILTI related taxes in the period in which they occur.
New Accounting Standards	New Accounting Standards: Adopted in fiscal year 2019: In August 2018, the FASB issued guidance on changes to the disclosure requirements for fair value measurement. The new guidance modifies the disclosure requirements on fair value measurement which includes among other changes eliminating the requirement to disclose the amount of and reasons for transfers between Level 1 and Level 2 of the fair value hierarchy, eliminating the requirement to disclose the policy for timing of transfers between levels, and added a requirement to disclose changes in unrealized gains and losses for the period included in other comprehensive income for recurring Level 3 fair value measurements held at the end of the reporting period. We adopted this guidance early, as permitted, in our first quarter of fiscal year 2019. As this guidance only impacts disclosures related to fair value measurement, the adoption did not impact our consolidated financial position, results of operations, or cash flows. In March 2017, the FASB issued guidance on improving the presentation of net periodic pension cost and net periodic postretirement benefit cost. The new guidance changes how employers that sponsor defined benefit pension plans and other postretirement plans present net periodic benefit costs in the income statement. An employer is required to report the service cost component in the same line item as other compensation costs arising from services rendered by the affected employees during the period. Other components of net benefit cost are required to be presented in the income statement separately from the service cost component and outside of income from operations. The update also allows only the service cost component to be eligible for capitalization, when applicable. The amendments in this guidance were to be applied retrospectively for the presentation of the service cost component and the other components of the net benefit cost in the income statement, and prospectively for the capitalization of the service cost component in assets. We adopted this guidance in our first quarter of fiscal year 2019. We adopted the guidance on a retrospective basis for the presentation of the service cost component and the other components of the net benefit cost in the income statement. The prior period presentation has been restated. The retrospective adoption for the presentation of the service cost component and the other components of the net benefit cost in the income statement decreased our Operating income and increased our Non-operating income (expense), net by the same amount on our Condensed Consolidated Statements of Income of $110 thousand and $81 thousand for the three months ended March 31, 2019 and 2018 , respectively, and $316 thousand and $222 thousand for the nine months ended March 31, 2019 and 2018 , respectively. There was no effect to Net income or Earnings per share for the retrospective adoption for the presentation of the service cost component and the other components of the net benefit cost. The impact from the prospective adoption for the capitalization of only the service cost component in assets was not material. In May 2014, the FASB issued guidance on the recognition of Revenue from Contracts with Customers. The core principle of the guidance is that a company should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration which the company expects to receive in exchange for those goods or services. To achieve this core principle, the guidance provides a five-step analysis of transactions to determine when and how revenue is recognized. The guidance addresses several areas including transfer of control, contracts with multiple performance obligations, and costs to obtain and fulfill contracts. The guidance also requires additional disclosure about the nature, amount, timing, and uncertainty of revenue and cash flows arising from customer contracts, including significant judgments and changes in judgments and assets recognized from costs incurred to obtain or fulfill a contract. The Company adopted the New Revenue Guidance for all contracts using the modified retrospective transition method. We recognized the net cumulative effect of initially applying the New Revenue Guidance as an adjustment to the opening balance of retained earnings. The comparative information has not been restated and continues to be reported under the accounting standards in effect for those periods. A majority of our sales revenue under the New Revenue Guidance will be recognized over time as manufacturing services are performed. This represents a change from our previous revenue recognition pattern as revenue was historically recognized at a point in time when title and risk of loss passed to the customer according to the terms of the contract. The remaining sales revenue for manufactured products will be recognized at a point in time when the customer obtains control of the product if the criteria to recognize revenue over time is not met for a specific contract. The effect of the adoption of the New Revenue Guidance on our Condensed Consolidated Balance Sheet as of July 1, 2018, our Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2019 , and our Condensed Consolidated Balance Sheet as of March 31, 2019 , resulting primarily from the change to recognize a majority of our revenue over time as manufacturing services are performed, were as follows: (Amounts in Thousands) (Unaudited) Balance at June 30, 2018 Adjustments from Adoption of New Revenue Guidance Balance at July 1, 2018 ASSETS Contract assets $ — $ 43,241 $ 43,241 Inventories 201,596 (39,169 ) 162,427 Other Assets 23,994 (871 ) 23,123 LIABILITIES AND SHARE OWNERS’ EQUITY Accrued expenses 32,446 151 32,597 Retained earnings 99,374 3,050 102,424 For the Three Months Ended March 31, 2019 (Amounts in Thousands) (Unaudited) As Reported Amounts Excluding Changes Related to New Revenue Guidance Effect of Change Income Statement Net Sales $ 313,454 $ 310,861 $ 2,593 Cost of Sales 286,900 284,784 2,116 Gross Profit 26,554 26,077 477 Operating Income 14,497 14,020 477 Income Before Taxes on Income 14,674 14,197 477 Provision for Income Taxes 2,825 2,732 93 Net Income $ 11,849 $ 11,465 $ 384 Earnings Per Share of Common Stock Basic $ 0.46 $ 0.45 $ 0.01 Diluted $ 0.46 $ 0.45 $ 0.01 At or For the Nine Months Ended March 31, 2019 (Amounts in Thousands) (Unaudited) As Reported Amounts Excluding Changes Related to New Revenue Guidance Effect of Change Income Statement Net Sales $ 863,223 $ 854,242 $ 8,981 Cost of Sales 798,039 789,853 8,186 Gross Profit 65,184 64,389 795 Operating Income 31,741 30,946 795 Income Before Taxes on Income 29,771 28,976 795 Provision for Income Taxes 5,738 5,583 155 Net Income $ 24,033 $ 23,393 $ 640 Earnings Per Share of Common Stock Basic $ 0.92 $ 0.90 $ 0.02 Diluted $ 0.92 $ 0.89 $ 0.03 Balance Sheet ASSETS Contract assets $ 52,222 $ — $ 52,222 Inventories 213,200 260,605 (47,405 ) Other Assets 24,633 24,633 — LIABILITIES AND SHARE OWNERS’ EQUITY Accrued expenses $ 39,385 $ 38,258 $ 1,127 Retained earnings $ 126,457 $ 122,767 $ 3,690 Not Yet Adopted: In August 2018, the FASB issued guidance on Customer’s Accounting for Fees Paid in a Cloud Computing Arrangement. This new guidance amends the accounting for implementation, setup, and other upfront costs incurred in a cloud computing hosting arrangement. The amendment aligns the requirement for capitalizing implementation costs incurred in a hosting arrangement that is a service contract with the requirements for capitalizing implementation costs incurred to develop or obtain internal-use software. The amendment also requires companies to expense the capitalized implementation costs of a hosting arrangement that is a service contract over the term of the hosting arrangement, including options to extend the agreement that is in control of the customer. The guidance is effective for fiscal years beginning after December 15, 2019 and interim periods within those fiscal years. Early adoption is permitted. The guidance is to be adopted either retrospectively or prospectively to all implementation costs incurred after the date of adoption. We are currently evaluating the impact of the adoption of this guidance on our consolidated financial statements. In February 2016, the FASB issued guidance on leases with subsequent amendments to this new guidance in January 2018, July 2018, and December 2018. The new guidance requires lessees to recognize assets and liabilities on the balance sheet for the rights and obligations created by those leases and requires additional qualitative and quantitative disclosures. Under the current guidance, only capital leases are recognized on the balance sheet. The new guidance will be effective for our fiscal year 2020 interim and annual financial statements. Early application is permitted. The guidance is to be adopted using a modified retrospective transition method, with the option to recognize a cumulative effect adjustment to the opening balance of retained earnings in the period of adoption. The Company will adopt this guidance in the first quarter of fiscal year 2020 using the optional transition method of applying the new guidance at July 1, 2019, and if applicable, recognize a cumulative effect adjustment to the beginning balance of retained earnings in fiscal year 2020. Upon adoption, this new guidance will impact our consolidated financial position by increasing total assets and total liabilities as we recognize right-of-use assets and operating lease liabilities. We are currently evaluating the practical expedients and accounting policy elections as well as the overall impact of the adoption of this guidance on our consolidated financial statements.

Note 2. Acquisition (Policies)

Note 2. Acquisition (Policies)	9 Months Ended
	Mar. 31, 2019
Acquisition [Abstract]
Intangible Assets, Policy	Other Intangible Assets include the estimated fair values for finite-lived intangible assets acquired and are listed in the table below along with their estimated useful lives which are being amortized on a straight-line basis.

Note 3. Revenue from Contract_2

Note 3. Revenue from Contracts with Customers (Policies)	9 Months Ended
	Mar. 31, 2019
Revenue from Contracts with Customers [Abstract]
Revenue Recognition, Deferred Revenue	In limited circumstances, the Company may receive payments from customers in advance of the satisfaction of performance obligations primarily for tooling or other miscellaneous services or costs. These advance payments are recognized as contract liabilities until the performance obligations are completed and are included in Accrued expenses on the Condensed Consolidated Balance Sheets, which amounted to $6.5 million and $1.7 million as of March 31, 2019 and June 30, 2018, respectively.

Note 4. Inventories (Policies)

Note 4. Inventories (Policies)	9 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Inventory	Inventories were valued using the lower of first-in, first-out (“FIFO”) cost and net realizable value.

Note 6. Commitments and Conti_2

Note 6. Commitments and Contingent Liabilities (Policies)	9 Months Ended
	Mar. 31, 2019
Commitments and Contingent Liabilities [Abstract]
Product Warranties	The Company provides only assurance-type warranties for a limited time period, which cover workmanship and assures the product complies with specifications provided by or agreed upon with the customer. We maintain a provision for limited warranty repair or replacement of products manufactured and sold, which has been established in specific manufacturing contract agreements. We estimate product warranty liability at the time of sale based on historical repair or replacement cost trends in conjunction with the length of the warranty offered. Management refines the warranty liability periodically based on changes in historical cost trends and in certain cases where specific warranty issues become known.

Note 8. Fair Value (Policies)

Note 8. Fair Value (Policies)	9 Months Ended
	Mar. 31, 2019
Fair Value [Abstract]
Fair Value	The Company categorizes assets and liabilities measured at fair value into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than those included in level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. There were no changes in the inputs or valuation techniques used to measure fair values during the nine months ended March 31, 2019 . For more information on inputs and fair valuation techniques used, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 .
Fair Value of Financial Instruments Not Carried at Fair Value	Financial Instruments Not Carried At Fair Value: Financial instruments that are not reflected in the Condensed Consolidated Balance Sheets at fair value that have carrying amounts which approximate fair value include notes receivable and borrowings under credit facilities. There were no changes to the inputs and valuation techniques used to assess the fair value of these financial instruments during the nine months ended March 31, 2019 . For more information on inputs and fair valuation techniques used, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 . The carrying value of our cash deposit accounts, trade accounts receivable, and trade accounts payable approximates fair value due to the relatively short maturity and immaterial non-performance risk.

Note 9. Derivative Instruments

Note 9. Derivative Instruments (Policies)	9 Months Ended
	Mar. 31, 2019
Derivative Instruments [Abstract]
Derivatives	Our primary means of managing this exposure is to utilize natural hedges, such as aligning currencies used in the supply chain with the sale currency. To the extent natural hedging techniques do not fully offset currency risk, we use derivative instruments with the objective of reducing the residual exposure to certain foreign currency rate movements. Factors considered in the decision to hedge an underlying market exposure include the materiality of the risk, the volatility of the market, the duration of the hedge, the degree to which the underlying exposure is committed to, and the availability, effectiveness, and cost of derivative instruments. Derivative instruments are only utilized for risk management purposes and are not used for speculative or trading purposes. We use forward contracts designated as cash flow hedges to protect against foreign currency exchange rate risks inherent in forecasted transactions denominated in a foreign currency. Foreign exchange contracts are also used to hedge against foreign currency exchange rate risks related to intercompany balances denominated in currencies other than the functional currencies.
Derivatives, Hedge Discontinuances	In limited cases due to unexpected changes in forecasted transactions, cash flow hedges may cease to meet the criteria to be designated as cash flow hedges. Depending on the type of exposure hedged, we may either purchase a derivative contract in the opposite position of the undesignated hedge or may retain the hedge until it matures if the hedge continues to provide an adequate offset in earnings against the currency revaluation impact of foreign currency denominated liabilities.
Derivatives, Reporting of Derivative Activity	The fair value of outstanding derivative instruments is recognized on the balance sheet as a derivative asset or liability. When derivatives are settled with the counterparty, the derivative asset or liability is relieved and cash flow is impacted for the net settlement. For derivative instruments that meet the criteria of hedging instruments under FASB guidance, the effective portions of the gain or loss on the derivative instrument are initially recorded net of related tax effect in Accumulated Other Comprehensive Income (Loss), a component of Share Owners’ Equity, and are subsequently reclassified into earnings in the period or periods during which the hedged transaction is recognized in earnings. The ineffective portion of the derivative gain or loss is reported immediately in Non-operating income (expense), net on the Condensed Consolidated Statements of Income. The gain or loss associated with derivative instruments that are not designated as hedging instruments or that cease to meet the criteria for hedging under FASB guidance is also reported immediately in Non-operating income (expense), net on the Condensed Consolidated Statements of Income.

Note 10. Investments (Policies)

Note 10. Investments (Policies)	9 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Investment	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 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.

Note 1. Business Description _3

Note 1. Business Description and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Mar. 31, 2019
Summary of Significant Accounting Policies [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles	The effect of the adoption of the New Revenue Guidance on our Condensed Consolidated Balance Sheet as of July 1, 2018, our Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2019 , and our Condensed Consolidated Balance Sheet as of March 31, 2019 , resulting primarily from the change to recognize a majority of our revenue over time as manufacturing services are performed, were as follows: (Amounts in Thousands) (Unaudited) Balance at June 30, 2018 Adjustments from Adoption of New Revenue Guidance Balance at July 1, 2018 ASSETS Contract assets $ — $ 43,241 $ 43,241 Inventories 201,596 (39,169 ) 162,427 Other Assets 23,994 (871 ) 23,123 LIABILITIES AND SHARE OWNERS’ EQUITY Accrued expenses 32,446 151 32,597 Retained earnings 99,374 3,050 102,424 For the Three Months Ended March 31, 2019 (Amounts in Thousands) (Unaudited) As Reported Amounts Excluding Changes Related to New Revenue Guidance Effect of Change Income Statement Net Sales $ 313,454 $ 310,861 $ 2,593 Cost of Sales 286,900 284,784 2,116 Gross Profit 26,554 26,077 477 Operating Income 14,497 14,020 477 Income Before Taxes on Income 14,674 14,197 477 Provision for Income Taxes 2,825 2,732 93 Net Income $ 11,849 $ 11,465 $ 384 Earnings Per Share of Common Stock Basic $ 0.46 $ 0.45 $ 0.01 Diluted $ 0.46 $ 0.45 $ 0.01 At or For the Nine Months Ended March 31, 2019 (Amounts in Thousands) (Unaudited) As Reported Amounts Excluding Changes Related to New Revenue Guidance Effect of Change Income Statement Net Sales $ 863,223 $ 854,242 $ 8,981 Cost of Sales 798,039 789,853 8,186 Gross Profit 65,184 64,389 795 Operating Income 31,741 30,946 795 Income Before Taxes on Income 29,771 28,976 795 Provision for Income Taxes 5,738 5,583 155 Net Income $ 24,033 $ 23,393 $ 640 Earnings Per Share of Common Stock Basic $ 0.92 $ 0.90 $ 0.02 Diluted $ 0.92 $ 0.89 $ 0.03 Balance Sheet ASSETS Contract assets $ 52,222 $ — $ 52,222 Inventories 213,200 260,605 (47,405 ) Other Assets 24,633 24,633 — LIABILITIES AND SHARE OWNERS’ EQUITY Accrued expenses $ 39,385 $ 38,258 $ 1,127 Retained earnings $ 126,457 $ 122,767 $ 3,690
Components of Non-operating income (expense), net	Components of Non-operating income (expense), net: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2019 2018 2019 2018 Foreign currency/derivative gain $ 746 $ 2,093 $ 91 $ 3,487 Gain on supplemental employee retirement plan investments 606 21 99 606 Foreign government subsidies 9 — 580 54 Other (38 ) 11 (138 ) (50 ) Non-operating income (expense), net $ 1,323 $ 2,125 $ 632 $ 4,097

Note 2. Acquisition (Tables)

Note 2. Acquisition (Tables)	9 Months Ended
	Mar. 31, 2019
Acquisition [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed	The following table summarizes the preliminary purchase price allocation to assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date, with the excess allocated to goodwill. The goodwill is expected to be deductible for tax purposes. The fair values of the assets acquired and the liabilities assumed presented in these financial statements are preliminary and may differ from the final purchase price allocation after the net working capital adjustment is finalized and as the Company obtains additional information during the measurement period, which will end no later than one year from the acquisition date. (Amounts in Thousands) October 1, 2018 Receivables $ 18,955 Inventories 7,850 Prepaid expenses and other current assets 1,424 Property and Equipment 9,100 Other Intangible Assets 19,259 Other Assets 498 Goodwill 5,218 Total assets acquired $ 62,304 Borrowings under Credit Facilities $ 12,843 Accounts payable 4,113 Accrued expenses 1,340 Other long-term liabilities 3,884 Total liabilities assumed $ 22,180 Net assets acquired $ 40,124
Schedule of Finite-Lived Intangible Assets Acquired as Part of Business Combination	Other Intangible Assets include the estimated fair values for finite-lived intangible assets acquired and are listed in the table below along with their estimated useful lives which are being amortized on a straight-line basis. (Amounts in Thousands) Estimated Fair Value Estimated useful life (years) Software $ 379 3 to 7 Technology $ 5,060 5 Trade name $ 6,369 10 Customer relationships $ 7,451 15

Note 3. Revenue from Contract_3

Note 3. Revenue from Contracts with Customers (Tables)	9 Months Ended
	Mar. 31, 2019
Revenue from Contracts with Customers [Abstract]
Disaggregation of Revenue	The following table disaggregates our revenue by end market vertical for the three and nine months ended March 31, 2019 . Three Months Ended Nine Months Ended (Amounts in Millions) March 31, 2019 March 31, 2019 Vertical Markets: Automotive $ 127.3 $ 345.6 Medical 99.1 267.0 Industrial 68.0 187.6 Public Safety 15.1 50.1 Other 4.0 12.9 Total net sales $ 313.5 $ 863.2

Note 4. Inventories (Tables)

Note 4. Inventories (Tables)	9 Months Ended
	Mar. 31, 2019
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventory components were as follows: (Amounts in Thousands) March 31, 2019 June 30, Finished products $ 4,263 $ 25,552 Work-in-process 4,337 17,254 Raw materials 204,600 158,790 Total inventory $ 213,200 $ 201,596

Note 5. Accumulated Other Com_2

Note 5. Accumulated Other Comprehensive Income (Loss) (Tables)	9 Months Ended
	Mar. 31, 2019
Accumulated Other Comprehensive Income (Loss) [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss)	During the nine months ended March 31, 2019 and 2018 , the changes in the balances of each component of Accumulated Other Comprehensive Income (Loss), net of tax, were as follows: Accumulated Other Comprehensive Income (Loss) (Amounts in Thousands) Foreign Currency Translation Adjustments Derivative Gain (Loss) Post Employment Benefits Net Actuarial Gain Accumulated Other Comprehensive Income (Loss) Balance at June 30, 2018 $ (4,357 ) $ (3,379 ) $ 837 $ (6,899 ) Other comprehensive income (loss) before reclassifications (3,717 ) 1,970 282 (1,465 ) Reclassification to (earnings) loss — (452 ) (264 ) (716 ) Net current-period other comprehensive income (loss) (3,717 ) 1,518 18 (2,181 ) Balance at March 31, 2019 $ (8,074 ) $ (1,861 ) $ 855 $ (9,080 ) Balance at June 30, 2017 $ (6,876 ) $ (2,788 ) $ 580 $ (9,084 ) Tax Reform impact (1) — (81 ) 130 49 Other comprehensive income (loss) before reclassifications 7,561 (757 ) 252 7,056 Reclassification to (earnings) loss — 905 (155 ) 750 Net current-period other comprehensive income (loss) 7,561 67 227 7,855 Balance at March 31, 2018 $ 685 $ (2,721 ) $ 807 $ (1,229 )
Reclassification out of Accumulated Other Comprehensive Income (Loss)	The following reclassifications were made from Accumulated Other Comprehensive Income (Loss) to the Condensed Consolidated Statements of Income: Reclassifications from Accumulated Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended Affected Line Item in the Condensed Consolidated Statements of Income March 31 March 31 (Amounts in Thousands) 2019 2018 2019 2018 Derivative gain (loss) (1) $ 571 $ (457 ) $ 541 $ (961 ) Cost of Sales (10 ) — 5 — Non-operating income (expense), net (110 ) 57 (94 ) 56 Benefit (Provision) for Income Taxes $ 451 $ (400 ) $ 452 $ (905 ) Net of Tax Postemployment Benefits: Amortization of actuarial gain (2) 120 93 348 258 Non-operating income (expense), net (29 ) (41 ) (84 ) (103 ) Benefit (Provision) for Income Taxes $ 91 $ 52 $ 264 $ 155 Net of Tax Total reclassifications for the period $ 542 $ (348 ) $ 716 $ (750 ) Net of Tax Amounts in parentheses indicate reductions to income. (1) See Note 9 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements for further information on derivative instruments. (2) See Note 11 - Postemployment Benefits of Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans. See Note 1 - Business Description and Significant Accounting Policies for further information on the restatement of the prior period presentation in the table above due to the adoption of new guidance issued by the FASB.

Note 6. Commitments and Conti_3

Note 6. Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Mar. 31, 2019
Commitments and Contingent Liabilities [Abstract]
Schedule of Product Warranty Liability	Changes in the product warranty accrual for the nine months ended March 31, 2019 and 2018 were as follows: Nine Months Ended March 31 (Amounts in Thousands) 2019 2018 Product warranty liability at the beginning of the period $ 656 $ 593 Additions to warranty accrual (including changes in estimates) 40 396 Settlements made (in cash or in kind) (40 ) (135 ) Product warranty liability at the end of the period $ 656 $ 854

Note 7. Credit Facilities (Tabl

Note 7. Credit Facilities (Tables)	9 Months Ended
	Mar. 31, 2019
Credit Facilities [Abstract]
Schedule of Line of Credit Facilities	Credit facilities consisted of the following: Availability to Borrow at Borrowings Outstanding at Borrowings Outstanding at (Amounts in Millions, in U.S Dollar Equivalents) March 31, 2019 March 31, 2019 June 30, 2018 Primary credit facility (1) $ 24.8 $ 124.8 $ 6.0 Thailand overdraft credit facility (2) 2.8 — — China revolving credit facility (2) 7.5 — — Netherlands revolving credit facility (2) 8.1 2.2 2.3 Poland revolving credit facility (3) 16.8 — — Total credit facilities $ 60.0 $ 127.0 $ 8.3 Less: current portion $ (35.5 ) $ (8.3 ) Long-term debt under credit facilities, less current portion (4) $ 91.5 $ — (1) At March 31, 2019 , the Company maintains a U.S. primary credit facility (the “primary facility”) dated as of July 27, 2018 and scheduled to mature in July 2023 . The primary facility provides for $150 million in borrowings, with an option to increase the amount available for borrowing to $225 million upon request, subject to the consent of each lender participating in such increase. This facility is maintained for working capital and general corporate purposes of the Company including capital expenditures and potential acquisitions. A commitment fee is payable on the unused portion of the credit facility at a rate that ranges from 20.0 to 25.0 basis points per annum as determined by the Company’s ratio of consolidated total indebtedness to adjusted consolidated EBITDA, as defined in the primary facility. Types of borrowings available on the primary facility include revolving loans, multi-currency term loans, and swingline loans. The interest rate on borrowings is dependent on the type of borrowings. The Company’s financial covenants under the primary credit facility require: • a ratio of consolidated total indebtedness minus unencumbered U.S. cash on hand in the United States in excess of $15 million to adjusted consolidated EBITDA, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be greater than 3.0 to 1.0, and • a fixed charge coverage ratio, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be less than 1.10 to 1.00. The Company had $0.4 million in letters of credit contingently committed against the credit facility at March 31, 2019 . (2) At March 31, 2019 , the Company also maintains foreign credit facilities in Thailand, China, and the Netherlands. For more information on these foreign credit facilities, refer to our Annual Report on Form 10-K for the year ended June 30, 2018 . (3) During the current fiscal year, the Company established an uncommitted revolving credit facility for our Poland operation, which allows for borrowings up to 15 million Euro that can be drawn in Euro, U.S. dollars, or Polish Zloty. Proceeds from the facility are to be used for general working capital purposes. Interest on borrowing under this facility is charged at a rate of interest dependent on the denomination of the currency borrowed. The facility matures on December 20, 2019 . (4) The amount of Long-term debt, less current maturities at March 31, 2019 reflects the borrowings on the primary facility that the Company intends, and has the ability, to refinance for a period longer than twelve months.

Note 8. Fair Value (Tables)

Note 8. Fair Value (Tables)	9 Months Ended
	Mar. 31, 2019
Fair Value [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	As of March 31, 2019 and June 30, 2018 , 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: March 31, 2019 (Amounts in Thousands) Level 1 Level 2 Total Assets Cash equivalents $ 1,116 $ — $ 1,116 Derivatives: foreign exchange contracts — 2,578 2,578 Trading securities: mutual funds held in nonqualified SERP 9,030 — 9,030 Total assets at fair value $ 10,146 $ 2,578 $ 12,724 Liabilities Derivatives: foreign exchange contracts $ — $ 432 $ 432 Total liabilities at fair value $ — $ 432 $ 432 June 30, 2018 (Amounts in Thousands) Level 1 Level 2 Total Assets Cash equivalents $ 1,099 $ — $ 1,099 Derivatives: foreign exchange contracts — 1,713 1,713 Trading securities: mutual funds held in nonqualified SERP 8,769 — 8,769 Total assets at fair value $ 9,868 $ 1,713 $ 11,581 Liabilities Derivatives: foreign exchange contracts $ — $ 1,867 $ 1,867 Total liabilities at fair value $ — $ 1,867 $ 1,867

Note 9. Derivative Instrument_2

Note 9. Derivative Instruments (Tables)	9 Months Ended
	Mar. 31, 2019
Derivative Instruments [Abstract]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value	Fair Value of Derivative Instruments on the Condensed Consolidated Balance Sheets Asset Derivatives Liability Derivatives Fair Value As of Fair Value As of (Amounts in Thousands) Balance Sheet Location March 31, June 30, Balance Sheet Location March 31, June 30, Derivatives Designated as Hedging Instruments: Foreign exchange contracts Prepaid expenses and other current assets $ 1,309 $ 758 Accrued expenses $ 432 $ 1,857 Derivatives Not Designated as Hedging Instruments: Foreign exchange contracts Prepaid expenses and other current assets 1,269 955 Accrued expenses — 10 Total derivatives $ 2,578 $ 1,713 $ 432 $ 1,867
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss)	The Effect of Derivative Instruments on Other Comprehensive Income (Loss) Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2019 2018 2019 2018 Amount of Pre-Tax Gain or (Loss) Recognized in Other Comprehensive Income (Loss) (OCI) on Derivatives (Effective Portion): Foreign exchange contracts $ 748 $ 1,009 $ 2,487 $ (1,033 )
Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance	The Effect of Derivative Instruments on Condensed Consolidated Statements of Income Three Months Ended Nine Months Ended (Amounts in Thousands) March 31 March 31 Derivatives in Cash Flow Hedging Relationships Location of Gain or (Loss) 2019 2018 2019 2018 Amount of Pre-Tax Gain or (Loss) Reclassified from Accumulated OCI into Income (Effective Portion): Foreign exchange contracts Cost of Sales $ 571 $ (457 ) $ 541 $ (961 ) Foreign exchange contracts Non-operating income (expense) (10 ) — — — Total $ 561 $ (457 ) $ 541 $ (961 ) Amount of Pre-Tax Loss Reclassified from Accumulated OCI into Income (Ineffective Portion): Foreign exchange contracts Non-operating income (expense) $ — $ — $ 5 $ — Derivatives Not Designated as Hedging Instruments Amount of Pre-Tax Gain or (Loss) Recognized in Income on Derivatives: Foreign exchange contracts Non-operating income (expense) $ 1,346 $ (663 ) $ 2,838 $ (1,744 ) Total Derivative Pre-Tax Gain (Loss) Recognized in Income $ 1,907 $ (1,120 ) $ 3,384 $ (2,705 )

Note 10. Investments (Tables)

Note 10. Investments (Tables)	9 Months Ended
	Mar. 31, 2019
Investments [Abstract]
Trading Securities (and Certain Trading Assets)	SERP asset and liability balances applicable to Kimball Electronics participants were as follows: (Amounts in Thousands) March 31, June 30, SERP investments - current asset $ 1,708 $ 294 SERP investments - other long-term asset 7,322 8,475 Total SERP investments $ 9,030 $ 8,769 SERP obligation - current liability $ 1,708 $ 294 SERP obligation - other long-term liability 7,322 8,475 Total SERP obligation $ 9,030 $ 8,769

Note 12. Stock Compensation P_2

Note 12. Stock Compensation Plans (Tables)	9 Months Ended
	Mar. 31, 2019
Stock Compensation Plans [Abstract]
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award	During the first nine months of fiscal year 2019 , the following stock compensation was awarded under the Plan and the Deferral Plan. Stock Compensation Awarded Quarter Awarded Shares/Units Grant Date Fair Value (2) Long-Term Performance Shares (1) 1st Quarter 192,868 $20.05 Unrestricted shares (3) 2nd Quarter 4,236 $17.69 Deferred share units (Director compensation) (4) 2nd Quarter 32,758 $17.40 (1) Long-term performance shares were awarded to officers and other key employees. Payouts will be based upon a combination of a bonus percentage attainment component calculated under the Company’s profit sharing incentive bonus plan, adjusted to a three-year average bonus percentage, and a growth attainment component, which is the Company’s growth in sales revenue based on comparison of its three-year compounded annual growth rate (“CAGR”) with the Electronics Manufacturing Services Industry’s three-year CAGR. The long-term performance shares awarded are based on three successive annual performance measurement periods, with each annual tranche having a grant date when economic profit tiers are established and approved by the Compensation and Governance Committee of the Board near the beginning of the applicable fiscal year and a vesting date shortly after the end of each annual period. The number of shares issued will be less than the maximum shares issuable if one or both of the above-mentioned incentive metric maximum thresholds are not obtained. (2) The grant date fair value is based on the stock price at the date of the award and for long-term performance shares is applicable to the first tranche only. (3) Unrestricted shares were awarded to a non-employee member of the Company’s Board of Directors as compensation for the portion of director’s annual retainer fees as a result of the directors’ election to be paid in unrestricted shares in lieu of cash payment or deferred share units. Director’s fees are expensed over the period that directors earn the compensation. Unrestricted shares were also awarded to a key employee which were expensed immediately. Unrestricted shares do not have vesting periods, holding periods, restrictions on sales, or other restrictions. (4) Deferred share units were awarded to non-employee members of the Company’s Board of Directors as compensation for the portion of director’s annual retainer fees as a result of directors’ elections to receive deferred share units in lieu of cash payment or unrestricted shares. Director’s fees are expensed over the period that directors earn the compensation. Deferred share units are participating securities and are payable in common stock upon a Director’s retirement or termination from the Board or death.

Note 13. Goodwill and Other I_2

Note 13. Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2019
Goodwill and Other Intangible Assets [Abstract]
Schedule of Goodwill	A summary of goodwill is as follows: (Amounts in Thousands) Balance as of June 30, 2018 Goodwill $ 19,017 Accumulated impairment (12,826 ) Goodwill, net 6,191 Goodwill Acquired 5,218 Balance as of March 31, 2019 Goodwill 24,235 Accumulated impairment (12,826 ) Goodwill, net $ 11,409
Schedule of Finite-Lived Intangible Assets	A summary of other intangible assets subject to amortization is as follows: March 31, 2019 June 30, 2018 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Net Value Capitalized Software $ 32,054 $ 26,854 $ 5,200 $ 30,484 $ 26,154 $ 4,330 Customer Relationships 8,618 1,378 7,240 1,167 1,122 45 Technology 5,060 513 4,547 — — — Trade Name 6,369 318 6,051 — — — Other Intangible Assets $ 52,101 $ 29,063 $ 23,038 $ 31,651 $ 27,276 $ 4,375

Note 15. Earnings Per Share (Ta

Note 15. Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Basic and diluted earnings per share were calculated as follows under the two-class method: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in thousands, except per share data) 2019 2018 2019 2018 Basic and Diluted Earnings Per Share: Net Income $ 11,849 $ 10,835 $ 24,033 $ 10,968 Less: Net Income allocated to participating securities 15 5 22 6 Net Income allocated to common Share Owners $ 11,834 $ 10,830 $ 24,011 $ 10,962 Basic weighted average common shares outstanding 25,479 26,714 25,993 26,779 Dilutive effect of average outstanding performance shares 81 129 167 221 Dilutive effect of average outstanding deferred stock units 8 3 21 6 Dilutive weighted average shares outstanding 25,568 26,846 26,181 27,006 Earnings Per Share of Common Stock: Basic $ 0.46 $ 0.41 $ 0.92 $ 0.41 Diluted $ 0.46 $ 0.40 $ 0.92 $ 0.41

Note 1. Business Description _4

Note 1. Business Description and Summary of Significant Accounting Policies - Revenue Recognition Topic 606 Adoption (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jul. 01, 2018	Jun. 30, 2018
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	$ 52,222		$ 52,222		$ 43,241	$ 0
Inventories	213,200		213,200		162,427	201,596
Other Assets	24,633		24,633		23,123	23,994
Accrued expenses	39,385		39,385		32,597	32,446
Retained earnings	126,457		126,457		102,424	$ 99,374
Net Sales	313,454	$ 283,938	863,223	$ 795,293
Cost of Sales	286,900	261,057	798,039	732,038
Gross Profit	26,554	22,881	65,184	63,255
Operating Income (Loss)	14,497	11,130	31,741	30,772
Income Before Taxes on Income	14,674	13,129	29,771	34,550
Provision for Income Taxes	2,825	2,294	5,738	23,582
Net income	$ 11,849	$ 10,835	$ 24,033	$ 10,968
Earnings Per Share, Diluted	$ 0.46	$ 0.40	$ 0.92	$ 0.41
Earnings Per Share, Basic	$ 0.46	$ 0.41	$ 0.92	$ 0.41
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	$ 52,222		$ 52,222		43,241
Inventories	(47,405)		(47,405)		(39,169)
Other Assets	0		0		(871)
Accrued expenses	1,127		1,127		151
Retained earnings	3,690		3,690		$ 3,050
Net Sales	2,593		8,981
Cost of Sales	2,116		8,186
Gross Profit	477		795
Operating Income (Loss)	477		795
Income Before Taxes on Income	477		795
Provision for Income Taxes	93		155
Net income	$ 384		$ 640
Earnings Per Share, Diluted	$ 0		$ 0.03
Earnings Per Share, Basic	$ 0		$ 0.02
Accounting Standards Update 2014-09 | Calculated under Revenue Guidance in Effect before Topic 606
Revenue, Initial Application Period Cumulative Effect Transition [Line Items]
Contract assets	$ 0		$ 0
Inventories	260,605		260,605
Other Assets	24,633		24,633
Accrued expenses	38,258		38,258
Retained earnings	122,767		122,767
Net Sales	310,861		854,242
Cost of Sales	284,784		789,853
Gross Profit	26,077		64,389
Operating Income (Loss)	14,020		30,946
Income Before Taxes on Income	14,197		28,976
Provision for Income Taxes	2,732		5,583
Net income	$ 11,465		$ 23,393
Earnings Per Share, Diluted	$ 0.45		$ 0.89
Earnings Per Share, Basic	$ 0.45		$ 0.90

Note 1. Business Description _5

Note 1. Business Description and Summary of Significant Accounting Policies - Components of Non-operating income (expense), net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Foreign Currency/Derivative Gain (Loss)	$ 746	$ 2,093	$ 91	$ 3,487
Gain on supplemental employee retirement plan investments	606	21	99	606
Foreign government subsidies	9	0	580	54
Other non-operating income (expense)	(38)	11	(138)	(50)
Non-operating income (expense), net	$ 1,323	$ 2,125	$ 632	$ 4,097

Note 1. Business Description _6

Note 1. Business Description and Summary of Significant Accounting Policies - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Operating Income (Loss)	$ 14,497	$ 11,130	$ 31,741	$ 30,772
Other General Income	0	0	$ (92)	0
Accounts Receivable, Extended Payment Terms			45 days
Accounts Receivable Sold Without Recourse			$ 191,000	120,100
Due From Bankers Acceptance Drafts	2,700		2,700		$ 3,800
SettlementofBankersAcceptanceDrafts			2,300	4,000
Factoring Fees	400	300	1,300	800
Non-operating income (expense), net	1,323	2,125	$ 632	4,097
Minimum
Accounts Receivable, Customary Payment Terms			30 days
Maximum
Accounts Receivable, Customary Payment Terms			45 days
Accounting Standards Update 2017-07
Operating Income (Loss)	(110)	(81)	$ (316)	(222)
Non-operating income (expense), net	$ 110	$ 81	$ 316	$ 222

Note 1. Business Description _7

Note 1. Business Description and Summary of Significant Accounting Policies - Income Taxes (Details) - USD ($) $ in Thousands	6 Months Ended	9 Months Ended
	Dec. 31, 2017	Mar. 31, 2019	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	35.00%	21.00%
Tax Cuts and Jobs Act of 2017, Change in Tax Rate, Net Deferred Tax Assets, Provisional Income Tax Expense (Benefit)		$ 300
Tax Cuts and Jobs Act of 2017, Incomplete Accounting, Transition Tax for Accumulated Foreign Earnings, Provisional Income Tax Expense (Benefit)		11,900
Long-term income taxes payable		10,937	$ 12,361
former parent
Nontrade Receivables		500	500
Nontrade Receivables, Noncurrent		$ 400	$ 400

Note 2. Acquisition (Details)

Note 2. Acquisition (Details) - USD ($) $ in Thousands	Oct. 01, 2018	Mar. 31, 2019	Mar. 31, 2018	Jun. 30, 2018
Business Acquisition [Line Items]
Goodwill		$ 11,409		$ 6,191
Payments to Acquire Businesses, Net of Cash Acquired		$ 43,889	$ 0
GES
Business Acquisition [Line Items]
Business Combination, Tax Liabilities Including Interest and Penalties Assumed, Liabilities	$ 4,200
Business Combination, Tax Liabilities Including Interest and Penalties Assumed, Noncurrent Liabilities	3,900
Business Combination, Tax Liabilities Including Interest and Penalties Assumed, Current Liabilities	300
Business Combination, Indemnification Assets, Amount as of Acquisition Date	4,200
Business Acquisition, Date of Acquisition Agreement		Oct. 1, 2018
Cash Acquired from Acquisition		$ 2,300
Business Acquisition, Transaction Costs		1,100
Business Combination, Acquisition Related Costs		200
Receivables	18,955
Inventories	7,850
Prepaid expenses and other current assets	1,424
Property and Equipment	9,100
Other Intangible Assets	19,259
Other Assets	498
Goodwill	5,218
Total assets acquired	62,304
Borrowings under Credit Facilities	12,843
Accounts payable	4,113
Accrued expenses	1,340
Other long-term liabilities	3,884
Total liabilities assumed	22,180
Net assets acquired	40,124
Business Combination, Consideration Transferred		40,100
Nontrade Receivables, Current		7,600
Payments to Acquire Businesses, Net of Cash Acquired		43,900
Nontrade Receivables, Current | GES
Business Acquisition [Line Items]
Business Combination, Consideration Transferred, Other		$ 3,800
Computer Software, Intangible Asset | GES
Business Acquisition [Line Items]
Finite-lived Intangible Assets Acquired	$ 379
Computer Software, Intangible Asset | Minimum | GES
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	3 years
Computer Software, Intangible Asset | Maximum | GES
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	7 years
Technology-Based Intangible Assets | GES
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	5 years
Finite-lived Intangible Assets Acquired	$ 5,060
Trade Names | GES
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Finite-lived Intangible Assets Acquired	$ 6,369
Customer Relationships | GES
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Finite-lived Intangible Assets Acquired	$ 7,451

Note 3. Revenue from Contract_4

Note 3. Revenue from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Jul. 01, 2018	Jun. 30, 2018
Disaggregation of Revenue [Line Items]
Net Sales	$ 313,454	$ 283,938	$ 863,223	$ 795,293
Contract assets	52,222		52,222		$ 43,241	$ 0
Contract with Customer, Liability	$ 6,500		$ 6,500			$ 1,700
Transferred over Time
Disaggregation of Revenue [Line Items]
Revenue from Contract with Customer, Excluding Assessed Tax, Percentage	68.00%		70.00%
Automotive
Disaggregation of Revenue [Line Items]
Net Sales	$ 127,300		$ 345,600
Medical
Disaggregation of Revenue [Line Items]
Net Sales	99,100		267,000
Industrial
Disaggregation of Revenue [Line Items]
Net Sales	68,000		187,600
Public Safety
Disaggregation of Revenue [Line Items]
Net Sales	15,100		50,100
Other
Disaggregation of Revenue [Line Items]
Net Sales	4,000		12,900
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Disaggregation of Revenue [Line Items]
Net Sales	2,593		8,981
Contract assets	$ 52,222		$ 52,222		$ 43,241

Note 4. Inventories - Inventory

Note 4. Inventories - Inventory Components (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jul. 01, 2018	Jun. 30, 2018
Inventory, Finished Goods, Net of Reserves	$ 4,263		$ 25,552
Inventory, Work in Process, Net of Reserves	4,337		17,254
Inventory, Raw Materials, Net of Reserves	204,600		158,790
Total inventory	213,200	$ 162,427	$ 201,596
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
Total inventory	$ (47,405)	$ (39,169)

Note 5. Accumulated Other Com_3

Note 5. Accumulated Other Comprehensive Income (Loss) - Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Share Owners' Equity		$ 352,577	$ 341,076	$ 355,527	$ 342,272
Other comprehensive income (loss) before reclassifications				(1,465)	7,056
Reclassification to (earnings) loss		(542)	348	(716)	750
Net current-period other comprehensive income (loss)				(2,181)	7,855
Share Owners' Equity		359,475	357,118	359,475	357,118
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss)
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings	[1]				49
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Share Owners' Equity		(7,478)	(5,098)	(6,899)	(9,084)
Share Owners' Equity		(9,080)	(1,229)	(9,080)	(1,229)
Foreign Currency Translation Adjustments
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Share Owners' Equity				(4,357)	(6,876)
Other comprehensive income (loss) before reclassifications				(3,717)	7,561
Reclassification to (earnings) loss				0	0
Net current-period other comprehensive income (loss)				(3,717)	7,561
Share Owners' Equity		(8,074)	685	(8,074)	685
Derivative Gain (Loss)
Accumulated Other Comprehensive Income (Loss)
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings	[1]				(81)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Share Owners' Equity				(3,379)	(2,788)
Other comprehensive income (loss) before reclassifications				1,970	(757)
Reclassification to (earnings) loss				(452)	905
Net current-period other comprehensive income (loss)				1,518	67
Share Owners' Equity		(1,861)	(2,721)	(1,861)	(2,721)
Postemployment Benefits, Net Actuarial Gain
Accumulated Other Comprehensive Income (Loss)
Tax Cuts and Jobs Act of 2017, Reclassification from AOCI to Retained Earnings	[1]				130
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Share Owners' Equity				837	580
Other comprehensive income (loss) before reclassifications				282	252
Reclassification to (earnings) loss				(264)	(155)
Net current-period other comprehensive income (loss)				18	227
Share Owners' Equity		$ 855	$ 807	$ 855	$ 807
[1]	In the third quarter of fiscal year 2018, the Company adopted a new accounting standard on accounting for the reclassification of certain tax effects from accumulated other comprehensive income related to Tax Reform.

Note 5. Accumulated Other Com_4

Note 5. Accumulated Other Comprehensive Income (Loss) - Reclassifications from Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss)
Cost of Sales		$ (286,900)	$ (261,057)	$ (798,039)	$ (732,038)
Non-operating income (expense), net		1,323	2,125	632	4,097
Benefit (Provision) for Income Taxes		(2,825)	(2,294)	(5,738)	(23,582)
Net Income		11,849	10,835	24,033	10,968
Total reclassifications for the period		542	(348)	716	(750)
Derivative gain (loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss)
Total reclassifications for the period				452	(905)
Derivative gain (loss) | Reclassification out of Accumulated Other Comprehensive Income | Foreign Exchange Contract
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss)
Cost of Sales	[1]	571	(457)	541	(961)
Non-operating income (expense), net	[1]	(10)	0	5	0
Benefit (Provision) for Income Taxes	[1]	(110)	57	(94)	56
Net Income	[1]	451	(400)	452	(905)
Postemployment Benefits, Amortization of actuarial gain (loss)
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss)
Total reclassifications for the period				264	155
Postemployment Benefits, Amortization of actuarial gain (loss) | Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment out of Accumulated Other Comprehensive Income (Loss)
Non-operating income (expense), net	[2]	120	93	348	258
Benefit (Provision) for Income Taxes	[2]	(29)	(41)	(84)	(103)
Net Income	[2]	$ 91	$ 52	$ 264	$ 155
[1]	See Note 9 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements for further information on derivative instruments.
[2]	See Note 11 - Postemployment Benefits of Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans. See Note 1 - Business Description and Significant Accounting Policies for further information on the restatement of the prior period presentation in the table above due to the adoption of new guidance issued by the FASB.

Note 6. Commitments and Conti_4

Note 6. Commitments and Contingent Liabilities - Commitments and Contingent Liabilities Textuals (Details)	Mar. 31, 2019USD ($)
Guarantor Obligations
Bankers acceptance drafts transferred and outstanding	$ 1,500,000
Financial Standby Letter of Credit
Guarantor Obligations
Letters of Credit, Amount	400,000
Loss Contingency Accrual, at Carrying Value	$ 0

Note 6. Commitments and Conti_5

Note 6. Commitments and Contingent Liabilities - Product Warranty (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Product warranty liability at the beginning of the period	$ 656	$ 593
Additions to warranty accrual (including changes in estimates)	40	396
Settlements made (in cash or in kind)	(40)	(135)
Product warranty liability at the end of the period	$ 656	$ 854

Note 7. Credit Facilities (Deta

Note 7. Credit Facilities (Details) $ in Thousands, € in Millions		Mar. 31, 2019EUR (€)	Mar. 31, 2019USD ($)	Jun. 30, 2018USD ($)
Line of Credit Facility [Line Items]
Short-term Debt, Weighted Average Interest Rate, at Point in Time		4.39%	4.39%
Current portion of borrowings under credit facilities			$ (35,544)	$ (8,337)
Long-term Line of Credit, Noncurrent			91,500	0
Line of Credit Facility, Remaining Borrowing Capacity			60,000
Long-term Line of Credit			127,000	8,300
China Revolving Credit Facility
Line of Credit Facility [Line Items]
Current portion of borrowings under credit facilities	[1]		0	0
Line of Credit Facility, Remaining Borrowing Capacity	[1]		7,500
Netherlands Revolving Credit Facility
Line of Credit Facility [Line Items]
Current portion of borrowings under credit facilities	[1]		(2,200)	(2,300)
Line of Credit Facility, Remaining Borrowing Capacity	[1]		8,100
Primary Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity			150,000
Long-term Line of Credit, Noncurrent	[2]		91,500	0
Line of Credit Facility, Remaining Borrowing Capacity	[3]		24,800
Long-term Line of Credit	[3]		124,800	6,000
Line of Credit Facility, Maximum Borrowing Capacity Upon Request			$ 225,000
Line of Credit Facility, Commitment Fee Basis Points, Minimum		20	20
Line of Credit Facility, Commitment Fee Basis Points, Maximum		25	25
Adjusted Leverage Ratio, Indebtedness Reduction For Excess Cash			$ 15,000
Adjusted Leverage Ratio Covenant		3	3
Fixed Charge Coverage Ratio Covenant		1.10	1.10
Thailand Overdraft Credit Facility
Line of Credit Facility [Line Items]
Current portion of borrowings under credit facilities	[1]		$ 0	0
Line of Credit Facility, Remaining Borrowing Capacity	[1]		2,800
Poland Revolving Credit Facility
Line of Credit Facility [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity | €		€ 15
Current portion of borrowings under credit facilities	[4]		0	$ 0
Line of Credit Facility, Remaining Borrowing Capacity	[4]		16,800
Financial Standby Letter of Credit
Line of Credit Facility [Line Items]
Guarantor Obligations, Maximum Exposure, Undiscounted			$ 400
[1]	At March 31, 2019, the Company also maintains foreign credit facilities in Thailand, China, and the Netherlands. For more information on these foreign credit facilities, refer to our Annual Report on Form 10-K for the year ended June 30, 2018.
[2]	The amount of Long-term debt, less current maturities at March 31, 2019 reflects the borrowings on the primary facility that the Company intends, and has the ability, to refinance for a period longer than twelve months.
[3]	At March 31, 2019, the Company maintains a U.S. primary credit facility (the “primary facility”) dated as of July 27, 2018 and scheduled to mature in July 2023. The primary facility provides for $150 million in borrowings, with an option to increase the amount available for borrowing to $225 million upon request, subject to the consent of each lender participating in such increase. This facility is maintained for working capital and general corporate purposes of the Company including capital expenditures and potential acquisitions. A commitment fee is payable on the unused portion of the credit facility at a rate that ranges from 20.0 to 25.0 basis points per annum as determined by the Company’s ratio of consolidated total indebtedness to adjusted consolidated EBITDA, as defined in the primary facility. Types of borrowings available on the primary facility include revolving loans, multi-currency term loans, and swingline loans. The interest rate on borrowings is dependent on the type of borrowings. The Company’s financial covenants under the primary credit facility require:•a ratio of consolidated total indebtedness minus unencumbered U.S. cash on hand in the United States in excess of $15 million to adjusted consolidated EBITDA, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be greater than 3.0 to 1.0, and•a fixed charge coverage ratio, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be less than 1.10 to 1.00. The Company had $0.4 million in letters of credit contingently committed against the credit facility at March 31, 2019.
[4]	During the current fiscal year, the Company established an uncommitted revolving credit facility for our Poland operation, which allows for borrowings up to 15 million Euro that can be drawn in Euro, U.S. dollars, or Polish Zloty. Proceeds from the facility are to be used for general working capital purposes. Interest on borrowing under this facility is charged at a rate of interest dependent on the denomination of the currency borrowed. The facility matures on December 20, 2019.

Note 8. Fair Value - Recurring

Note 8. Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Recurring Fair Value Measurements:
Derivative Asset	$ 2,578	$ 1,713
Debt Securities, Trading, and Equity Securities, FV-NI	9,030	8,769
Derivative Liability	432	1,867
Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Cash Equivalents, at Carrying Value	1,116	1,099
Debt Securities, Trading, and Equity Securities, FV-NI	9,030	8,769
Total assets at fair value	12,724	11,581
Total liabilities at fair value	432	1,867
Fair Value, Measurements, Recurring | Foreign Exchange Contract
Recurring Fair Value Measurements:
Derivative Asset	2,578	1,713
Derivative Liability	432	1,867
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Cash Equivalents, at Carrying Value	1,116	1,099
Debt Securities, Trading, and Equity Securities, FV-NI	9,030	8,769
Total assets at fair value	10,146	9,868
Total liabilities at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Foreign Exchange Contract
Recurring Fair Value Measurements:
Derivative Asset	0	0
Derivative Liability	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Cash Equivalents, at Carrying Value	0	0
Debt Securities, Trading, and Equity Securities, FV-NI	0	0
Total assets at fair value	2,578	1,713
Total liabilities at fair value	432	1,867
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Foreign Exchange Contract
Recurring Fair Value Measurements:
Derivative Asset	2,578	1,713
Derivative Liability	$ 432	$ 1,867

Note 8. Fair Value - Textuals (

Note 8. Fair Value - Textuals (Details)	9 Months Ended
	Mar. 31, 2019USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair Value, Purchases and Sales of Level 3 Assets	$ 0
Fair Value, Purchases and Sales of Level 3 Liabilities	$ 0

Note 9. Derivative Instrument_3

Note 9. Derivative Instruments - Textuals (Details) - Foreign Exchange Contract € in Millions, $ in Millions	9 Months Ended	12 Months Ended
	Mar. 31, 2019USD ($)	Jun. 30, 2018	Mar. 31, 2019EUR (€)	Mar. 31, 2019USD ($)
Derivatives, Fair Value
Cash Flow Hedge Gain (Loss) to be Reclassified within Twelve Months	$ 0.3
Derivative, Notional Amount			€ 73.3	$ 32
Derivative Instruments, Gain (Loss) Reclassification from Accumulated OCI to Income, Estimate of Time to Transfer	12 months	12 months

Note 9. Derivative Instrument_4

Note 9. Derivative Instruments - Fair Values of Derivative Instruments on the Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Derivatives, Fair Value
Derivative Asset	$ 2,578	$ 1,713
Derivative Liability	432	1,867
Foreign Exchange Contract | Fair Value, Measurements, Recurring
Derivatives, Fair Value
Derivative Asset	2,578	1,713
Derivative Liability	432	1,867
Designated as Hedging Instrument | Foreign Exchange Contract | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value
Derivative Asset	1,309	758
Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Derivatives, Fair Value
Derivative Liability	432	1,857
Not Designated as Hedging Instrument | Foreign Exchange Contract | Prepaid Expenses and Other Current Assets
Derivatives, Fair Value
Derivative Asset	1,269	955
Not Designated as Hedging Instrument | Foreign Exchange Contract | Accrued Liabilities
Derivatives, Fair Value
Derivative Liability	$ 0	$ 10

Note 9. Derivative Instrument_5

Note 9. Derivative Instruments - The Effect of Derivative Instruments on Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss)
Derivative Instruments, Pre-Tax Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion	$ 748	$ 1,009	$ 2,487	$ (1,033)
Foreign Exchange Contract
Derivative Instruments, Gain (Loss)
Derivative Instruments, Pre-Tax Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion	$ 748	$ 1,009	$ 2,487	$ (1,033)

Note 9. Derivative Instrument_6

Note 9. Derivative Instruments - The Effect of Derivative Instruments on Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Derivative Instruments, Gain (Loss)
Total Derivative Pre-Tax Gain (Loss) Recognized in Income	$ 1,907	$ (1,120)	$ 3,384	$ (2,705)
Foreign Exchange Contract | Nonoperating Income (Expense)
Derivative Instruments, Gain (Loss)
Derivatives Not Designated as Hedging Instruments, Pre-Tax Gain (Loss) Recognized in Income	1,346	(663)	2,838	(1,744)
Cash Flow Hedging
Derivative Instruments, Gain (Loss)
Derivatives, Pre-Tax Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	561	(457)	541	(961)
Cash Flow Hedging | Foreign Exchange Contract | Cost of Sales
Derivative Instruments, Gain (Loss)
Derivatives, Pre-Tax Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	571	(457)	541	(961)
Cash Flow Hedging | Foreign Exchange Contract | Nonoperating Income (Expense)
Derivative Instruments, Gain (Loss)
Derivatives, Pre-Tax Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion	(10)	0	0	0
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 0	$ 0	$ 5	$ 0

Note 10. Investments - Suppleme

Note 10. Investments - Supplemental Employee Retirement Investments Textuals (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Schedule of Trading Securities and Other Trading Assets
Trading Securities, Change in net unrealized holding gains (losses)	$ (158)	$ 480

Note 10. Investments - Supple_2

Note 10. Investments - Supplemental Employee Retirement Plan Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Jun. 30, 2018
Schedule of Trading Securities and Other Trading Assets
SERP investments	$ 9,030	$ 8,769
SERP obligation	9,030	8,769
Prepaid Expenses and Other Current Assets
Schedule of Trading Securities and Other Trading Assets
SERP investments	1,708	294
Other Noncurrent Assets
Schedule of Trading Securities and Other Trading Assets
SERP investments	7,322	8,475
Other Current Liabilities
Schedule of Trading Securities and Other Trading Assets
SERP obligation	1,708	294
Other Noncurrent Liabilities
Schedule of Trading Securities and Other Trading Assets
SERP obligation	$ 7,322	$ 8,475

Note 11. Postemployment Benef_2

Note 11. Postemployment Benefits (Details) - USD ($)	Mar. 31, 2019	Jun. 30, 2018
Components of Net Periodic Benefit Cost (before tax):
Assets for Plan Benefits, Defined Benefit Plan	$ 0	$ 0

Note 12. Stock Compensation P_3

Note 12. Stock Compensation Plans - Textuals (Details) - $ / shares		9 Months Ended
		Mar. 31, 2019	Oct. 20, 2016	Oct. 03, 2014
Stock Option and Incentive Plan 2014
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized				4,500,000
Non-Employee Directors Stock Compensation Deferral Plan
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			1,000,000
Deferred Share Units Director Compensation | Non-Employee Directors Stock Compensation Deferral Plan
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	[1]	32,758
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	[1],[2]	$ 17.40
Performance Shares | Stock Option and Incentive Plan 2014
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	[3]	192,868
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	[2],[3]	$ 20.05
Unrestricted Shares | Stock Option and Incentive Plan 2014
Share-based Compensation Arrangement by Share-based Payment Award
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period	[4]	4,236
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value	[2],[4]	$ 17.69
[1]	Deferred share units were awarded to non-employee members of the Company’s Board of Directors as compensation for the portion of director’s annual retainer fees as a result of directors’ elections to receive deferred share units in lieu of cash payment or unrestricted shares. Director’s fees are expensed over the period that directors earn the compensation. Deferred share units are participating securities and are payable in common stock upon a Director’s retirement or termination from the Board or death.
[2]	The grant date fair value is based on the stock price at the date of the award and for long-term performance shares is applicable to the first tranche only.
[3]	Long-term performance shares were awarded to officers and other key employees. Payouts will be based upon a combination of a bonus percentage attainment component calculated under the Company’s profit sharing incentive bonus plan, adjusted to a three-year average bonus percentage, and a growth attainment component, which is the Company’s growth in sales revenue based on comparison of its three-year compounded annual growth rate (“CAGR”) with the Electronics Manufacturing Services Industry’s three-year CAGR. The long-term performance shares awarded are based on three successive annual performance measurement periods, with each annual tranche having a grant date when economic profit tiers are established and approved by the Compensation and Governance Committee of the Board near the beginning of the applicable fiscal year and a vesting date shortly after the end of each annual period. The number of shares issued will be less than the maximum shares issuable if one or both of the above-mentioned incentive metric maximum thresholds are not obtained.
[4]	Unrestricted shares were awarded to a non-employee member of the Company’s Board of Directors as compensation for the portion of director’s annual retainer fees as a result of the directors’ election to be paid in unrestricted shares in lieu of cash payment or deferred share units. Director’s fees are expensed over the period that directors earn the compensation. Unrestricted shares were also awarded to a key employee which were expensed immediately. Unrestricted shares do not have vesting periods, holding periods, restrictions on sales, or other restrictions.

Note 13. Goodwill and Other I_3

Note 13. Goodwill and Other Intangible Assets (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Oct. 01, 2018	Jun. 30, 2018
Goodwill [Line Items]
Goodwill	$ 11,409,000		$ 11,409,000			$ 6,191,000
Goodwill, Impaired, Accumulated Impairment Loss	(12,826,000)		(12,826,000)			(12,826,000)
Goodwill, Gross	24,235,000		24,235,000			19,017,000
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	52,101,000		52,101,000			31,651,000
Finite-Lived Intangible Assets, Accumulated Amortization	29,063,000		29,063,000			27,276,000
Finite-Lived Intangible Assets, Net	23,038,000		23,038,000			4,375,000
Amortization of Intangible Assets	855,000	$ 229,000	1,800,000	$ 670,000
Indefinite-lived Intangible Assets (Excluding Goodwill)	0		0			0
Computer Software, Intangible Asset
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	32,054,000		32,054,000			30,484,000
Finite-Lived Intangible Assets, Accumulated Amortization	26,854,000		26,854,000			26,154,000
Finite-Lived Intangible Assets, Net	5,200,000		5,200,000			4,330,000
Customer Relationships
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	8,618,000		8,618,000			1,167,000
Finite-Lived Intangible Assets, Accumulated Amortization	1,378,000		1,378,000			1,122,000
Finite-Lived Intangible Assets, Net	7,240,000		$ 7,240,000			45,000
Finite-Lived Intangible Asset, Useful Life			15 years
Technology-Based Intangible Assets
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	5,060,000		$ 5,060,000			0
Finite-Lived Intangible Assets, Accumulated Amortization	513,000		513,000			0
Finite-Lived Intangible Assets, Net	4,547,000		$ 4,547,000			0
Finite-Lived Intangible Asset, Useful Life			5 years
Trade Names
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	6,369,000		$ 6,369,000			0
Finite-Lived Intangible Assets, Accumulated Amortization	318,000		318,000			0
Finite-Lived Intangible Assets, Net	$ 6,051,000		$ 6,051,000			$ 0
Finite-Lived Intangible Asset, Useful Life			10 years
Maximum | Computer Software, Intangible Asset
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			10 years
Minimum | Computer Software, Intangible Asset
Indefinite-lived Intangible Assets [Line Items]
Finite-Lived Intangible Asset, Useful Life			3 years
GES
Goodwill [Line Items]
Goodwill, Acquired During Period			$ 5,218,000
Goodwill					$ 5,218,000

Note 14. Share Owners' Equity_2

Note 14. Share Owners' Equity (Details) - USD ($)	3 Months Ended	9 Months Ended		41 Months Ended
	Mar. 31, 2019	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Nov. 08, 2018	Aug. 23, 2017	Sep. 29, 2016	Oct. 21, 2015
Stock Repurchase Program, Authorized Amount	$ 80,000,000	$ 80,000,000		$ 80,000,000
Treasury Stock, Value, Acquired, Cost Method	4,739,000	$ 23,431,000	$ 6,326,000
Treasury Stock Acquired, Average Cost Per Share		$ 17.75		$ 15.04
Treasury Stock
Treasury Stock, Value, Acquired, Cost Method	$ 4,739,000	$ 23,431,000	$ 6,326,000	$ 67,900,000
Share Repurchase Program October 2015
Stock Repurchase Program, Authorized Amount								$ 20,000,000
Share Repurchase Program September 2016 Extension
Stock Repurchase Program, Authorized Amount							$ 20,000,000
Share Repurchase Program August 2017 Extension
Stock Repurchase Program, Authorized Amount						$ 20,000,000
Share Repurchase Program November 2018 Extension
Stock Repurchase Program, Authorized Amount					$ 20,000,000

Note 15. Earnings Per Share (De

Note 15. Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018
Net income	$ 11,849	$ 10,835	$ 24,033	$ 10,968
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic	15	5	22	6
Net Income (Loss) Available to Common Stockholders, Basic	$ 11,834	$ 10,830	$ 24,011	$ 10,962
Weighted Average Number of Shares Outstanding, Basic	25,479	26,714	25,993	26,779
Dilutive effect of average outstanding performance shares	81	129	167	221
Incremental Common Shares Attributable to Participating Nonvested Shares with Non-forfeitable Dividend Rights	8	3	21	6
Weighted Average Number of Shares Outstanding, Diluted	25,568	26,846	26,181	27,006
Earnings Per Share, Basic	$ 0.46	$ 0.41	$ 0.92	$ 0.41
Earnings Per Share, Diluted	$ 0.46	$ 0.40	$ 0.92	$ 0.41