Kimball International (KBAL) 10-Q 2 May 18 2018 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	9 Months Ended
	Mar. 31, 2018	Apr. 20, 2018
Document Information
Entity Registrant Name	KIMBALL INTERNATIONAL INC
Entity Central Index Key	55,772
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Mar. 31, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q3
Amendment Flag	false
Class A Common Stock
Document Information
Entity Common Stock, Shares Outstanding		266,041
Class B Common Stock
Document Information
Entity Common Stock, Shares Outstanding		36,831,448

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Current Assets:
Cash and cash equivalents	$ 39,554	$ 62,882
Short-term investments	38,195	35,683
Receivables, net of allowances of $1,310 and $1,626, respectively	46,961	53,909
Inventories	39,037	38,062
Prepaid expenses and other current assets	18,708	8,050
Assets held for sale	281	4,223
Total current assets	182,736	202,809
Property and Equipment, net of accumulated depreciation of $179,557 and $182,803, respectively	81,260	80,069
Goodwill	8,824	0
Other Intangible Assets, net of accumulated amortization of $36,304 and $35,148, respectively	12,882	2,932
Deferred Tax Assets	8,886	14,487
Other Assets	13,492	13,450
Total Assets	308,080	313,747
Current Liabilities:
Current maturities of long-term debt	23	27
Accounts payable	39,756	44,730
Customer deposits	25,384	20,516
Sale-leaseback financing obligation	0	3,752
Dividends payable	2,710	2,296
Accrued expenses	38,290	49,018
Total current liabilities	106,163	120,339
Other Liabilities:
Long-term debt, less current maturities	161	184
Other	16,554	17,020
Total other liabilities	16,715	17,204
Common stock-par value $0.05 per share:
Additional paid-in capital	2,261	2,971
Retained earnings	242,591	230,763
Accumulated other comprehensive income	1,342	1,115
Less: Treasury stock, at cost, 5,937,000 shares and 5,726,000 shares, respectively	(63,143)	(60,796)
Total Shareowners’ Equity	185,202	176,204
Total Liabilities and Shareowners’ Equity	308,080	313,747
Class A Common Stock
Common stock-par value $0.05 per share:
Common Stock	13	14
Class B Common Stock
Common stock-par value $0.05 per share:
Common Stock	$ 2,138	$ 2,137

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Unaudited) Parentheticals - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
ASSETS
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 1,310	$ 1,626
Property and Equipment Accumulated Depreciation	179,557	182,803
Intangible Assets Accumulated Amortization	$ 36,304	$ 35,148
Class A Common Stock
Share Owners' Equity
Common Stock, Par or Stated Value Per Share	$ 0.05	$ 0.05
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	266,000	280,000
Class B Common Stock
Share Owners' Equity
Common Stock, Par or Stated Value Per Share	$ 0.05	$ 0.05
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	42,759,000	42,744,000
Treasury Stock, Shares	5,937,000	5,726,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Net Sales	$ 157,897	$ 153,068	$ 501,088	$ 497,951
Cost of Sales	110,142	102,016	339,808	332,454
Gross Profit	47,755	51,052	161,280	165,497
Selling and Administrative Expenses	39,245	40,106	124,808	126,061
Restructuring Gain	0	0	0	(1,832)
Operating Income	8,510	10,946	36,472	41,268
Other Income (Expense):
Interest income	258	136	726	345
Interest expense	(55)	(5)	(160)	(15)
Non-operating income (expense), net	(205)	361	344	569
Other income (expense), net	(2)	492	910	899
Income Before Taxes on Income	8,508	11,438	37,382	42,167
Provision for Income Taxes	2,658	4,207	13,197	15,221
Net Income	$ 5,850	$ 7,231	$ 24,185	$ 26,946
Earnings Per Share of Common Stock:
Basic Earnings Per Share	$ 0.16	$ 0.19	$ 0.65	$ 0.72
Diluted Earnings Per Share	0.16	0.19	0.64	0.71
Dividends Per Share of Common Stock
Dividends Per Share of Common Stock	$ 0.07	$ 0.06	$ 0.21	$ 0.18
Class A and B Common Stock:
Average Number of Shares Outstanding, Basic	37,259	37,236	37,388	37,360
Average Number of Shares Outstanding, Diluted	37,539	37,730	37,713	37,918

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Net income	$ 5,850	$ 7,231	$ 24,185	$ 26,946
Other comprehensive income (loss):
Available-for-sale securities, Pre-tax	0	0	(30)	(32)
Available-for-sale securities, Tax	(4)	0	8	13
Available-for-sale securities, Net of Tax	(4)	0	(22)	(19)
Postemployment severance actuarial change, Pre-tax	87	194	593	644
Postemployment severance actuarial change, Tax	(30)	(75)	(218)	(250)
Postemployment severance actuarial change, Net of Tax	57	119	375	394
Reclassification to (earnings) loss:
Available-for-sale securities, Reclassification, Pre-tax	1	0	4	0
Available-for-sale securities, Reclassification, Tax	0	0	(1)	0
Available-for-sale securities, Reclassification, Net of Tax	1	0	3	0
Amortization of actuarial change, Pre-tax	(58)	(134)	(191)	(422)
Amortization of actuarial change, Tax	19	52	62	164
Amortization of actuarial change, Net of Tax	(39)	(82)	(129)	(258)
Other comprehensive income (loss), Pre-tax	30	60	376	190
Other comprehensive income (loss), Tax	(15)	(23)	(149)	(73)
Other comprehensive income (loss), Net of Tax	15	37	227	117
Total comprehensive income	$ 5,865	$ 7,268	$ 24,412	$ 27,063

Condensed Consolidated Stateme6

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash Flows From Operating Activities:
Net income	$ 24,185	$ 26,946
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	11,512	11,754
Gain on sales of assets	(2,124)	(2,090)
Deferred income tax and other deferred charges	5,464	(1,017)
Stock-based compensation	3,326	4,773
Other, net	443	(862)
Change in operating assets and liabilities:
Receivables	8,344	9,383
Inventories	480	3,154
Prepaid expenses and other current assets	(7,690)	985
Accounts payable	(5,525)	(4,837)
Customer deposits	1,784	2,223
Accrued expenses	(13,800)	(674)
Net cash provided by operating activities	26,399	49,738
Cash Flows From Investing Activities:
Capital expenditures	(15,332)	(7,646)
Proceeds from sales of assets	5,660	11,734
Cash paid upon acquisition	(17,800)	0
Purchases of capitalized software	(510)	(703)
Purchases of available-for-sale securities	(33,825)	(28,449)
Maturities of available-for-sale securities	30,737	3,694
Other, net	(604)	(1,700)
Net cash used for investing activities	(31,674)	(23,070)
Cash Flows From Financing Activities:
Net change in capital leases and long-term debt	(27)	(27)
Dividends paid to shareowners	(7,480)	(6,549)
Repurchases of Common Stock	(8,120)	(6,524)
Repurchase of employee shares for tax withholding	(2,426)	(1,167)
Net cash used for financing activities	(18,053)	(14,267)
Net (Decrease) Increase in Cash and Cash Equivalents	(23,328)	12,401
Cash and Cash Equivalents at Beginning of Period	62,882	47,576
Cash and Cash Equivalents at End of Period	39,554	59,977
Cash paid during the period for:
Income taxes	13,635	16,433
Interest expense	$ 160	$ 15

Note 1. Basis of Presentation

Note 1. Basis of Presentation	9 Months Ended
	Mar. 31, 2018
Basis of Presentation [Abstract]
Business Description and Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Kimball International, Inc. (the “Company,” “Kimball International,” “we,” “us,” or “our”) have been prepared in accordance with the instructions to Form 10-Q. 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. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in our latest annual report on Form 10-K.

Note 2. Recent Accounting Prono

Note 2. Recent Accounting Pronouncements and Supplemental Information	9 Months Ended
	Mar. 31, 2018
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements and Supplemental Information	Recent Accounting Pronouncements and Supplemental Information Recently Adopted Accounting Pronouncements: In January 2017, the Financial Accounting Standards Board (“FASB”) issued guidance on simplifying the test for goodwill impairment by eliminating the requirement to estimate the implied fair value of a reporting unit from the goodwill impairment test. Under the guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. However, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective prospectively for our first quarter of fiscal year 2021 financial statements with early adoption permitted. In conjunction with our recent acquisition, we early adopted the guidance in our second quarter of fiscal year 2018 and the guidance did not have a material effect on our consolidated financial statements. In January 2017, the FASB issued guidance which revises the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted and the amendments can be applied to transactions occurring before the guidance was issued as long as the applicable financial statements have not been issued. In conjunction with our recent acquisition, we early adopted the guidance in our second quarter of fiscal year 2018 and the guidance did not have a material effect on our consolidated financial statements. In August 2016, the FASB issued guidance that clarifies and provides specific guidance on eight cash flow classification issues that are not addressed by current GAAP. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows, including how to classify contingent consideration payments made after a business combination, which will impact the presentation of future earn-out payments for our recent acquisition. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted. We early adopted the guidance in our second quarter of fiscal year 2018 and the guidance did not have a material effect on our consolidated financial statements. In July 2015, the FASB issued guidance on simplifying the measurement of inventory which applies to inventory that is measured using first-in, first-out (“FIFO”) or average cost. Inventory within the scope of this update is required to be measured at the lower of cost or net realizable value, which is the estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal, and transportation. The guidance does not impact inventory measured on a last-in, first-out (“LIFO”) basis. The guidance was adopted prospectively in our first quarter of fiscal year 2018 and did not have a material effect on our consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted: In February 2018, the FASB issued guidance that allows the reclassification of the income tax effects resulting from the Tax Cuts and Jobs Act (“Tax Reform”) from accumulated other comprehensive income to retained earnings. Under the Tax Reform, deferred taxes were adjusted to reflect the reduction of the federal income tax rate to the newly enacted federal income tax rate which left the tax effects on items within accumulated other comprehensive income stranded at historical tax rates. This guidance requires qualitative disclosure of the accounting policy for releasing income tax effects from accumulated other comprehensive income and if the reclassification election is made, the impacts of the change on the consolidated financial statements. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted and is to be applied either in the period of adoption or retrospectively to each period in which the effect of the Tax Reform changes are recognized. We are reviewing the impact of this rule but have not yet determined the effect of this guidance on our consolidated financial statements. In May 2017, the FASB issued guidance that clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted and will be applied prospectively to an award modified on or after the adoption date. We do not expect the adoption to have a material effect on our consolidated financial statements. In March 2017, the FASB issued guidance that will shorten the amortization period for certain callable debt securities held at a premium to the earliest call date. This guidance does not require an accounting change for securities held at a discount. This guidance is to be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted. We have not yet determined the effect of this guidance on our consolidated financial statements. In March 2017, the FASB issued guidance that requires employers that present a measure of operating income in their statement of income to include only the service cost component of net periodic benefit cost in operating expenses, which will impact the presentation of our postemployment benefit plan. Employers are required to present all other components of net benefit cost separate from the service costs and disclose the line item in which the components of net benefit cost other than the service cost are included. Retrospective application of the change in the statement of income presentation is required. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted. We do not expect the adoption to have a material effect on our consolidated financial statements. In February 2017, the FASB issued guidance that clarifies the scope of guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. This new guidance is meant to clarify the scope of the original guidance that was issued in connection with the guidance relating to the recognition of revenue from contracts with customers, as defined below, which addresses recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted, and we are required to adopt concurrent with the adoption of the guidance on recognition of revenue from contracts with customers. We are reviewing the impact of this rule but have not yet determined the effect of this guidance on our consolidated financial statements. In November 2016, the FASB issued guidance which requires an entity to include in their cash and cash equivalent balances in the statement of cash flows those amounts that are deemed to be restricted cash and restricted cash equivalents. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted, and is required to be applied using a retrospective transition method to each prior reporting period. We do not expect the adoption to have a material effect on our consolidated financial statements. In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. Under the guidance, an entity recognizes as an allowance its estimate of expected credit losses, which the FASB believes will result in more timely recognition of such losses. The guidance is also intended to reduce the complexity by decreasing the number of credit impairment models that entities use to account for debt instruments. The guidance is effective for our first quarter of fiscal year 2021 with early adoption in our fiscal year 2020 permitted. We have not yet determined the effect of this guidance on our consolidated financial statements. In February 2016, the FASB issued guidance that revises the accounting for leases. The guidance is intended to improve financial reporting of leasing transactions by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet. Leases will continue to be classified as either operating or finance leases, with the classification affecting the pattern of expense recognition in the statement of income. The guidance will also require additional disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. In January 2018, the FASB issued additional guidance for land easements which permits entities to forgo the evaluation of existing land easement arrangements to determine if they contain a lease. New land easement arrangements, or modifications to existing arrangements, after the adoption of the lease standard will be evaluated to determine if they meet the definition of a lease. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted, and is required to be applied using a modified retrospective approach to each prior reporting period. We are currently evaluating the impact of this guidance, but have not yet determined the effect on our consolidated financial statements. In January 2016, the FASB issued guidance which is intended to improve the recognition and measurement of financial instruments. The guidance revises an entity’s accounting related to the classification and measurement of investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The guidance is effective prospectively for our first quarter of fiscal year 2019 financial statements with early adoption allowed on certain provisions. We are currently evaluating the impact of this guidance, but have not yet determined the effect on our consolidated financial statements. 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. In July 2015, the FASB decided to defer the effective date for this new revenue standard by one year, which will make the guidance effective for our first quarter of fiscal year 2019 financial statements using either of two acceptable adoption methods: (i) retrospective adoption to each prior reporting period presented with the option to elect certain practical expedients; or (ii) adoption with the cumulative effect of initially applying the guidance recognized at the date of initial application and providing certain additional disclosures. In March 2016, the FASB issued additional guidance which further clarifies assessing whether an entity is a principal or an agent in a revenue transaction, and impacts whether an entity reports revenue on a gross or net basis; in April 2016, the FASB issued additional guidance that addresses identifying performance obligations and implementing licensing guidance; and in May 2016, the FASB issued additional guidance that clarifies collectability, noncash consideration, and other transition issues. The amendments have the same effective date and transition requirements as the new revenue standard. We have completed a preliminary review of the impact of the new revenue standard and expect the primary change to be the reclassification of certain items on the statement of income. For contracts involving products that are sold directly to end customers, currently any fees paid to dealer agents for facilitating the sale and performing certain services are netted against revenue. Under the new standard, fees paid to dealer agents will be recognized as either cost of sales or selling expense. In addition, any commissions or fees paid to third-party purchasing organizations will be recognized as a selling expense rather than being netted against revenue. Although the result of these changes will be increases in net sales, cost of sales, and selling expenses, these changes will have no impact to operating income dollars, but will reduce operating income as a percent of net sales. The new standard will also require several less significant changes including classifying the reserve for returns and allowance as a liability rather than a contra-receivable, recognizing a recovery asset for potential product returns, and capitalizing costs to obtain and fulfill sales contracts. The new standard will also require significantly more disclosure than is required under current rules. We continue to evaluate the impact that will result from adoption of the new standard, and we are in the process of implementing changes to our business processes, systems, and internal controls to support recognition and disclosure under the new standard. We expect to adopt the standard at the beginning of our fiscal year 2019 using the full retrospective approach which, upon adoption, will adjust fiscal years 2017 and 2018 to provide comparable financial reporting for these periods. Goodwill and Other Intangible Assets: Goodwill represents the difference between the purchase price and the related underlying tangible and intangible net asset fair values resulting from business acquisitions. Annually, or if conditions indicate an earlier review is necessary, we may assess qualitative factors to determine if it is more likely than not that the fair value is less than its carrying amount. We also have the option to bypass the qualitative assessment and proceed directly to performing the quantitative goodwill impairment test. We compare the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. If the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. Goodwill is assigned to and the fair value is tested at the reporting unit level. The fair value is established primarily using a discounted cash flow analysis and secondarily a market approach utilizing current industry information. The calculation of the fair value of the reporting unit considers current market conditions existing at the assessment date. During fiscal year 2018 no goodwill impairment was recognized. During the year-to-date period of fiscal year 2018, we recorded $8.8 million in goodwill from the acquisition of D’style, Inc. See Note 3 - Acquisition of Notes to Condensed Consolidated Financial Statements for more information on this acquisition. Other Intangible Assets reported on the Condensed Consolidated Balance Sheets consist of capitalized software, product rights, customer relationships, trade names, and non-compete agreements. Intangible assets are reviewed for impairment when events or circumstances indicate that the carrying value may not be recoverable over the remaining lives of the assets. A summary of intangible assets subject to amortization is as follows: March 31, 2018 June 30, 2017 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Capitalized Software $ 38,304 $ 35,721 $ 2,583 $ 37,918 $ 34,986 $ 2,932 Product Rights 162 162 — 162 162 — Customer Relationships 7,050 264 6,786 — — — Trade Names 3,570 149 3,421 — — — Non-Compete Agreements 100 8 92 — — — Other Intangible Assets $ 49,186 $ 36,304 $ 12,882 $ 38,080 $ 35,148 $ 2,932 Amortization expense related to intangible assets was, in thousands, $534 and $1,280 during the quarter and year-to-date period ended March 31, 2018 , respectively, and was, in thousands, $277 and $795 during the quarter and year-to-date period ended March 31, 2017 , respectively. Amortization expense in future periods is expected to be, in thousands, $491 for the remainder of fiscal year 2018, and $1,858 , $1,905 , $1,524 , and $1,237 in the four years ending June 30, 2022, and $5,867 thereafter. The estimated useful life of internal-use software ranges from 2 to 10 years . The amortization period for customer relationship intangible assets is 20 years . The estimated useful life of trade names is 10 years . The estimated useful life of non-compete agreements is 5 years . Internal-use software is stated at cost less accumulated amortization and is amortized using the straight-line method. During the software application development stage, capitalized costs include external consulting costs, cost of software licenses, and internal payroll and payroll-related costs for employees who are directly associated with a software project. Upgrades and enhancements are capitalized if they result in added functionality which enable the software to perform tasks it was previously incapable of performing. Software maintenance, training, data conversion, and business process re-engineering costs are expensed in the period in which they are incurred. Product rights to produce and sell certain products, trade names, and non-compete agreements are amortized on a straight-line basis over their estimated useful lives. Capitalized customer relationships are amortized on estimated attrition rate of customers. We have no intangible assets with indefinite useful lives which are not subject to amortization. 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. Our policy for estimating the allowance for credit losses on trade accounts receivable and notes receivable includes analysis of such items as aging, credit worthiness, payment history, and historical bad debt experience. Management uses these specific analyses in conjunction with an evaluation of the general economic and market conditions to determine the final allowance for credit losses on the trade accounts receivable and notes receivable. Trade accounts receivable and notes receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. Our limited amount of notes receivable allows management to monitor the risks, credit quality indicators, collectability, and probability of impairment on an individual basis. Adjustments to the allowance for credit losses are recorded in selling and administrative expenses. Customary terms require payment within 30 days , with terms beyond 30 days being considered extended. Non-operating Income (Expense), net: The non-operating income (expense), net line item includes the impact of such items as fair value adjustments on Supplemental Employee Retirement Plan (“SERP”) investments, foreign currency rate movements, investment gain or loss, non-production rent income, bank charges, and other miscellaneous non-operating income and expense items that are not directly related to operations. The gain or loss on SERP investments is offset by a change in the SERP liability that is recognized in selling and administrative expenses. Components of the Non-operating income (expense), net line, were: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2018 2017 2018 2017 Foreign Currency Loss $ (18 ) $ (14 ) $ (31 ) $ (28 ) Gain (Loss) on Supplemental Employee Retirement Plan Investments (8 ) 473 756 869 Other (179 ) (98 ) (381 ) (272 ) Non-operating income (expense), net $ (205 ) $ 361 $ 344 $ 569

Note 3. Acquisition (Notes)

Note 3. Acquisition (Notes)	9 Months Ended
	Mar. 31, 2018
Acquisition [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Acquisition During the second quarter of fiscal year 2018, we acquired the assets of D’style, Inc., headquartered in Chula Vista, California. This acquisition expands our reach into hospitality public space areas and adds an attractive product portfolio of solutions for the residential market through the acquired Allan Copley Designs brand. These offerings enable us to take advantage of the trend where hospitality, residential and commercial designs are merging. In addition, the acquisition includes Diseños de Estilo in Tijuana, Mexico, another member of the D’style group which manufactures exclusively for D’style, strengthening our North American manufacturing footprint and serving as a distribution channel to the Mexico and Latin America hospitality markets. The cash paid for the acquisition totaled $17.8 million and additionally we expect to pay $0.4 million as a post-close working capital adjustment. An earn-out of up to $2.2 million may be paid, which is contingent based upon fiscal year 2018 and 2019 D’style, Inc. operating income compared to a predetermined target for each fiscal year. As of March 31, 2018, the fair value of the earn-out was $1.4 million . A summary of the preliminary purchase price allocation is as follows: Purchase Price Allocation (Amounts in Thousands) Assets: Receivables $ 1,467 Inventories 1,455 Prepaid expenses and other current assets 1,120 Net property and equipment 184 Goodwill 8,824 Other intangible assets 10,720 Deferred tax assets 303 $ 24,073 Liabilities: Accounts payable $ 804 Customer deposits 3,084 Accrued expenses 333 $ 4,221 $ 19,852 Consideration (Amounts in Thousands) Cash $ 17,800 Contingent earn-out — fair value at acquisition date 1,680 Working capital adjustment payable 372 Fair value of total consideration $ 19,852 As of the acquisition date the fair value of the earn-out was $1.7 million . During the quarter ended March 31, 2018, the fair value of the contingent earn-out liability was adjusted to $1.4 million , resulting in a $0.3 million gain, recognized as a $0.4 million gain included in Selling and Administrative Expenses, offset in part by $0.1 million of Interest Expense related to accretion of the liability to future value. The operating results of this acquisition are included in our consolidated financial statements beginning on November 6, 2017. For the quarter ended March 31, 2018 , net sales and net income related to D’style were $4.8 million and $0.5 million , respectively. For the year-to-date period ended March 31, 2018 , net sales and net income related to D’style were $7.6 million and $0.5 million , respectively. Direct costs of the acquisition during the quarter and year-to-date periods ended March 31, 2018 , of approximately $0.1 million and $0.8 million , respectively, were expensed as incurred and were included on the Selling and Administrative Expenses line of our Condensed Consolidated Statements of Income. Goodwill is primarily attributable to the anticipated revenue and supply chain synergies expected from the operations of the combined company. An immaterial amount of goodwill is not deductible for tax purposes, while the tax deductible portion is deductible over 15 years . See Note 2 - Recent Accounting Pronouncements and Supplemental Information of Notes to Condensed Consolidated Financial Statements for more information on goodwill and other intangible assets. The following summarizes our goodwill activity for fiscal year 2018: Goodwill (Amounts in Thousands) Goodwill - December 31, 2017 $ 8,559 Working capital adjustments 265 Goodwill - March 31, 2018 $ 8,824 The purchase price allocation is provisional pending final valuations and purchase accounting adjustments, which were not final as of March 31, 2018. We utilized management estimates and consultation with an independent third-party valuation firm to assist in the valuation process.

Note 4. Income Taxes (Notes)

Note 4. Income Taxes (Notes)	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act (“Tax Reform”) was signed into law. The Tax Reform reduced federal corporate income tax rates effective January 1, 2018, and changed numerous other provisions. Because Kimball International has a June 30 fiscal year-end, the lower corporate federal income tax rate will be phased in, resulting in a U.S. federal statutory tax rate of 28.1% for our fiscal year ending June 30, 2018, and 21% for subsequent fiscal years. The nine months ended March 31, 2018 included approximately $2.0 million year-to-date in reduced income tax expense to reflect federal taxes on current year taxable income at the lower blended effective tax rate, offset by a fiscal year-to-date discrete tax impact of $1.9 million expense as a result of applying the new lower federal income tax rates to our net deferred tax assets. The third quarter fiscal year 2018 tax impact was approximately $0.4 million income to reflect federal taxes on current year taxable income at the lower blended effective tax rate, and $0.1 million income as a result of adjusting the timing of reversals of net deferred tax assets. The changes included in the Tax Reform are broad and complex. The final transition impacts of the Tax Reform may differ from the above estimate, due to, among other things, changes in interpretations of the Tax Reform, any legislative action to address questions that arise because of the Tax Reform, any changes in accounting standards for income taxes or related interpretations in response to the Tax Reform, or any updates or changes to estimates we have utilized to calculate the transition impacts. The Securities and Exchange Commission has issued rules that would allow for a measurement period of up to one year after the enactment date of the Tax Reform to finalize the recording of the related tax impacts. We currently anticipate finalizing and recording any resulting adjustments by the end of our current fiscal year ending June 30, 2018. 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. Our effective tax rates of 31.2% and 35.3% , respectively, for the three and nine months ended March 31, 2018 , were lower than the effective tax rates of 36.8% and 36.1% , respectively, for the three and nine months ended March 31, 2017, primarily due to the benefits of Tax Reform, partially offset by the negative tax impact of applying the lower federal tax rates to deferred tax assets which was primarily recorded in the second quarter of fiscal year 2018. Our effective tax rate for the three months ended March 31, 2018 , was lower than the statutory rate as a result of adjusting the timing of reversals of net deferred tax assets. Our effective tax rate for the nine months ended March 31, 2018, was higher than the statutory tax rate due to the negative tax impact of applying the lower federal tax rates to deferred tax assets which more than offset the benefits of the domestic manufacturing deduction. Our effective tax rates for the three and nine months ended March 31, 2017, were lower than the statutory rate primarily due to the benefit of the domestic manufacturing deduction.

Note 5. Inventories

Note 5. Inventories	9 Months Ended
	Mar. 31, 2018
Inventories [Abstract]
Inventory Disclosure	Inventories Inventory components were as follows: (Amounts in Thousands) March 31, 2018 June 30, Finished products $ 27,699 $ 24,537 Work-in-process 1,195 1,346 Raw materials 24,167 25,368 Total FIFO inventory 53,061 51,251 LIFO reserve (14,024 ) (13,189 ) Total inventory $ 39,037 $ 38,062 For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end. The earnings impact of LIFO inventory liquidations during the three and nine -month periods ended March 31, 2018 and 2017 was immaterial.

Note 6. Accumulated Other Compr

Note 6. Accumulated Other Comprehensive Income	9 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income [Abstract]
Accumulated Comprehensive Income	Accumulated Other Comprehensive Income During the three months ended March 31, 2018 and 2017 , the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at December 31, 2017 $ (37 ) $ 1,364 $ 1,327 Other comprehensive income (loss) before reclassifications (4 ) 57 53 Reclassification to (earnings) loss 1 (39 ) (38 ) Net current-period other comprehensive income (loss) (3 ) 18 15 Balance at March 31, 2018 $ (40 ) $ 1,382 $ 1,342 Balance at December 31, 2016 $ (19 ) $ 1,410 $ 1,391 Other comprehensive income (loss) before reclassifications — 119 119 Reclassification to (earnings) loss — (82 ) (82 ) Net current-period other comprehensive income (loss) — 37 37 Balance at March 31, 2017 $ (19 ) $ 1,447 $ 1,428 During the nine months ended March 31, 2018 and 2017 , the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2017 $ (21 ) $ 1,136 $ 1,115 Other comprehensive income (loss) before reclassifications (22 ) 375 353 Reclassification to (earnings) loss 3 (129 ) (126 ) Net current-period other comprehensive income (loss) (19 ) 246 227 Balance at March 31, 2018 $ (40 ) $ 1,382 $ 1,342 Balance at June 30, 2016 $ — $ 1,311 $ 1,311 Other comprehensive income (loss) before reclassifications (19 ) 394 375 Reclassification to (earnings) loss — (258 ) (258 ) Net current-period other comprehensive income (loss) (19 ) 136 117 Balance at March 31, 2017 $ (19 ) $ 1,447 $ 1,428 The following reclassifications were made from Accumulated Other Comprehensive Income to the Condensed Consolidated Statements of Income: Reclassifications from Accumulated Other Comprehensive Income Three Months Ended Nine Months Ended Affected Line Item in the Condensed Consolidated Statements of Income March 31, March 31, (Amounts in Thousands) 2018 2017 2018 2017 Realized Investment Gain (Loss) on available-for-sale securities (1) $ (1 ) $ — (4 ) $ — Non-operating income (expense), net — — 1 — Benefit (Provision) for Income Taxes (1 ) — (3 ) — Net Income Postemployment Benefits amortization of actuarial gain (2) $ 37 $ 85 $ 124 $ 268 Cost of Sales 21 49 67 154 Selling and Administrative Expenses (19 ) (52 ) (62 ) (164 ) Benefit (Provision) for Income Taxes 39 82 129 258 Net Income Total Reclassifications for the Period $ 38 $ 82 $ 126 $ 258 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 11 - Investments of Notes to Condensed Consolidated Financial Statements for further information on available-for-sale securities. (2) See Note 13 - Postemployment Benefits of Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans.

Note 7. Commitments and Conting

Note 7. Commitments and Contingent Liabilities	9 Months Ended
	Mar. 31, 2018
Commitments and Contingent Liabilities [Abstract]
Commitments and Contingencies Disclosure	Commitments and Contingent Liabilities Guarantees: Standby letters of credit were issued to lessors and insurance institutions and can only be drawn upon in the event of our failure to pay our obligations to a beneficiary. As of March 31, 2018 , we had a maximum financial exposure from unused standby letters of credit totaling $1.4 million . We are periodically required to provide performance bonds in order to conduct business with certain customers. The bonds are required to provide assurances to customers that the products and services they have purchased will be installed and/or provided properly and without damage to their facilities. We are ultimately liable for claims that may occur against the performance bonds. We had a maximum financial exposure from one performance bond totaling $0.5 million as of March 31, 2018 . We are not aware of circumstances that would require us to perform under 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 consolidated financial statements. Accordingly, no liability has been recorded as of March 31, 2018 with respect to the standby letters of credit or performance bond. We also enter into commercial letters of credit to facilitate payments to vendors and from customers. Product Warranties: 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, 2018 and 2017 were as follows: Nine Months Ended March 31 (Amounts in Thousands) 2018 2017 Product Warranty Liability at the beginning of the period $ 1,992 $ 2,351 Additions to warranty accrual (including changes in estimates) 1,043 437 Settlements made (in cash or in kind) (773 ) (807 ) Product Warranty Liability at the end of the period $ 2,262 $ 1,981 Other Contingency: The U.S. government, as well as state and local governments, can typically terminate or modify their contracts with us either at their discretion or if we default by failing to perform under the terms of the applicable contract, which could expose us to liability. The failure to comply with regulatory and contractual requirements could subject us to investigations, fines, or other penalties, and violations of certain regulatory and contractual requirements could also result in us being suspended or debarred from future government contracting. In March 2016, in connection with a renewal of one of our contracts, we became aware of noncompliance and inaccuracies in our General Services Administration (“GSA”) subcontractor reporting. Accordingly, we retained outside legal counsel to assist in conducting an internal review of our reporting practices, and we self-reported the matter and the results of the internal review to the GSA. We have promptly responded to inquiries from the GSA since our initial reporting, have met with government officials as requested on two occasions, and intend to cooperate fully with any further inquiries or investigations. While we are not able to reasonably estimate the future financial impact, if any, of the possible sanctions at this time, any of them could, if imposed, have a material adverse impact on our business, future financial position, results of operations, or cash flows. The timing of the government’s review and determination of any outcome of these matters is uncertain. We have incurred, and will continue to incur, legal and related costs in connection with our internal review and the government’s response to this matter. During the first nine months of fiscal year 2018, sales related to our GSA contracts were approximately 7.9% of our consolidated sales, with one contract accounting for approximately 5.4% of our consolidated sales and the other contract accounting for approximately 2.5% of our consolidated sales.

Note 8. Restructuring

Note 8. Restructuring	9 Months Ended
	Mar. 31, 2018
Restructuring Expense [Abstract]
Restructuring and Related Activities Disclosure	Restructuring During the three months ended September 30, 2016, we completed our capacity utilization restructuring plan which included the consolidation of our metal fabrication production from an operation located in Post Falls, Idaho, into existing production facilities in Indiana, and the reduction of our Company plane fleet from two jets to one. We recognized a pre-tax restructuring gain of $1.8 million in the three months ended September 30, 2016 which included a gain on the sale of the Post Falls facility. During the three and nine months ended March 31, 2018 , and the three months ended March 31, 2017 , we recognized no restructuring expense as the restructuring plan was complete. Restructuring activity is included in the Restructuring Gain line item on our Condensed Consolidated Statements of Income.

Note 9. Assets Held for Sale (

Note 9. Assets Held for Sale (Notes)	9 Months Ended
	Mar. 31, 2018
Assets Held for Sale [Abstract]
Disclosure of Assets Held For Sale	Assets Held for Sale At March 31, 2018 , excess land located in Jasper, Indiana totaling $0.3 million was classified as held for sale. At June 30, 2017 , our fleet of over-the-road tractors and trailers which had been outsourced and a small parcel of land located in Jasper, Indiana totaling $4.2 million were classified as held for sale. During the first quarter of fiscal year 2018, we sold substantially all of our over-the-road tractors and trailers and the small parcel of land and recognized a pre-tax gain of $0.4 million as the $4.6 million selling price exceeded the book value net of selling costs. During the second quarter of fiscal year 2018, we sold the remainder of our over-the-road tractors and trailers for proceeds of $0.1 million which approximated net book value.

Note 10. Fair Value

Note 10. Fair Value	9 Months Ended
	Mar. 31, 2018
Fair Value [Abstract]
Fair Value Disclosures	Fair Value We categorize 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. Our policy is to recognize transfers between these levels as of the end of each quarterly reporting period. There were no transfers between these levels during the nine months ended March 31, 2018 . There were also no changes in the inputs or valuation techniques used to measure fair values compared to those disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2017 . We hold a total investment of $2.0 million in a privately-held company, consisting of $0.5 million in non-marketable equity securities and $1.5 million in stock warrants. The investment in non-marketable equity securities is classified as a Level 3 financial asset and is accounted for using the cost method, as explained in the Financial Instruments Not Carried At Fair Value section below. The investment in stock warrants is also classified as a Level 3 financial asset and is accounted for as a derivative instrument valued on a recurring basis, as explained in the Financial Instruments Recognized at Fair Value section below. See Note 11 - Investments of Notes to Condensed Consolidated Financial Statements for further information regarding the investment in non-marketable equity securities, and Note 12 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements for further information regarding the investment in stock warrants. No purchases or sales of Level 3 assets occurred during the three months ended March 31, 2018. In connection with the acquisition of D’style, we valued long-lived and intangible assets at their estimated fair values at the acquisition date. The fair value estimates for intangible assets were based upon assumptions related to the future cash flows and discount rates utilizing currently available information, and in some cases, valuation results from independent valuation specialists (Level 3 determination of fair value). Subsequent to the acquisition, we determine the fair value of our long-lived and intangible assets on a non-recurring basis in connection with our periodic evaluations of such assets for potential impairment and record impairment charges when such fair value estimates are lower than the carrying values of the assets. As part of the acquisition, contingent earn-out payments up to $2.2 million may be paid based upon fiscal year 2018 and 2019 D’style, Inc. operating income compared to a predetermined target for each fiscal year. As of the acquisition date the fair value of the earn-out liability was $1.7 million . The liability is carried at fair value and is classified in Level 3 of the fair value hierarchy. During the quarter ended March 31, 2018, the fair value of the contingent earn-out liability was adjusted to $1.4 million , resulting in a $0.3 million gain, recognized as $0.4 million gain included in Selling and Administrative Expense, offset in part by $0.1 million of Interest Expense related to accretion of the liability to future value. Financial Instruments Recognized at Fair Value: The following methods and assumptions were used to measure fair value: Financial Instrument Level Valuation Technique/Inputs Used Cash Equivalents: Money market funds 1 Market - Quoted market prices Cash Equivalents: Commercial paper 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: Secondary market certificates of deposit 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: Municipal bonds 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: U.S. Treasury and federal agencies 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - The privately-held company is currently in an early stage of start-up. The pricing of recent purchases or sales of the investment are considered, as well as positive and negative qualitative evidence, in the assessment of fair value. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability. Recurring Fair Value Measurements: As of March 31, 2018 and June 30, 2017 , the fair values of financial assets that are measured at fair value on a recurring basis using the market approach are categorized as follows: (Amounts in Thousands) March 31, 2018 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 13,268 $ — $ — $ 13,268 Cash equivalents: Commercial paper — 22,156 — 22,156 Available-for-sale securities: Secondary market certificates of deposit — 13,501 — 13,501 Available-for-sale securities: Municipal bonds — 17,639 — 17,639 Available-for-sale securities: U.S. Treasury and federal agencies — 7,055 — 7,055 Trading Securities: Mutual funds in nonqualified SERP 12,232 — — 12,232 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 25,500 $ 60,351 $ 1,500 $ 87,351 Liabilities Contingent earn-out liability $ — $ — $ 1,417 $ 1,417 Total liabilities at fair value $ — $ — $ 1,417 $ 1,417 (Amounts in Thousands) June 30, 2017 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 30,383 $ — $ — $ 30,383 Cash equivalents: Commercial paper — 29,102 — 29,102 Available-for-sale securities: Secondary market certificates of deposit — 10,336 — 10,336 Available-for-sale securities: Municipal bonds — 22,154 — 22,154 Available-for-sale securities: U.S. Treasury and federal agencies — 3,193 — 3,193 Trading Securities: Mutual funds in nonqualified SERP 11,194 — — 11,194 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 41,577 $ 64,785 $ 1,500 $ 107,862 The nonqualified supplemental employee retirement plan (“SERP”) assets consist primarily of equity funds, balanced funds, target date funds, a bond fund, and a money market fund. The SERP investment assets are offset by a SERP liability which represents our obligation to distribute SERP funds to participants. See Note 11 - 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 the following: Financial Instrument Level Valuation Technique/Inputs Used Notes receivable 2 Market - Price approximated based on the assumed collection of receivables in the normal course of business, taking into account the customer’s non-performance risk Non-marketable equity securities (cost-method investments, which carry shares at cost except in the event of impairment) 3 Cost method, with impairment recognized using a market-based valuation technique - See the explanation below the table regarding the method used to periodically estimate the fair value of cost-method investments. Long-term debt (carried at amortized cost) 3 Income - Price estimated using a discounted cash flow analysis based on quoted long-term debt market rates, taking into account Kimball International’s non-performance risk The investment in non-marketable equity securities is accounted for using the cost method because we do not have the ability to exercise significant influence over the operating and financial policies of the investee. On a periodic basis, but no less frequently than quarterly, these investments are assessed for impairment when there are events or changes in circumstances that may have a significant adverse effect on the fair value of the investment. If a significant adverse effect on the fair value of the investment were to occur and was deemed to be other-than-temporary, the fair value of the investment would be estimated, and the amount by which the carrying value of the cost-method investment exceeds its fair value would be recorded as an impairment loss. The carrying value of our cash deposit accounts, trade accounts receivable, trade accounts payable, and dividends payable approximates fair value due to the relatively short maturity and immaterial non-performance risk.

Note 11. Investments

Note 11. Investments	9 Months Ended
	Mar. 31, 2018
Investments [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure	Investments Investment Portfolio: Our investment portfolio as of March 31, 2018 and June 30, 2017 was comprised of municipal bonds, certificates of deposit purchased in the secondary market, and U.S. Treasury and federal agency securities. Municipal bonds include general obligation bonds and revenue bonds, some of which are pre-refunded. U.S. Treasury securities represent Treasury Bills and Notes of the U.S. government. Federal agency securities represent debt securities of a U.S. government sponsored agency, and certain of these securities are callable. Our investment policy dictates that municipal bonds, U.S. Treasury and federal agency securities must be investment grade quality. Our secondary market certificates of deposit are classified as investment securities, being purchased in the secondary market through a broker and available to be sold in the secondary market. All certificates of deposit are FDIC insured. Our investment portfolio is available for use in current operations, therefore investments are recorded within Current Assets in the Condensed Consolidated Balance Sheets. The contractual maturities of our investment portfolio were as follows (maturity dates for municipal bonds are based on pre-refunded dates and maturity dates for government agency securities are based on the first available call date, if applicable): March 31, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Within one year $ 9,258 $ 15,095 $ 5,384 After one year through two years 4,243 2,544 1,671 Total Fair Value $ 13,501 $ 17,639 $ 7,055 All investments are classified as available-for-sale securities which are recorded at fair value. See Note 10 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the fair value of available-for-sale securities. The amortized cost basis reflects the original purchase price, with discounts and premiums amortized over the life of the available-for-sale securities. Unrealized losses on available-for-sale securities are recognized in earnings when there is intent to sell or it is likely to be required to sell before recovery of the loss, or when the available-for-sale securities have incurred a credit loss. Otherwise, unrealized gains and losses are recorded net of the tax-related effect as a component of Shareowners’ Equity. March 31, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 13,501 $ 17,692 $ 7,062 Unrealized holding gains — — — Unrealized holding losses — (53 ) (7 ) Fair Value $ 13,501 $ 17,639 $ 7,055 June 30, 2017 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 10,334 $ 22,183 $ 3,200 Unrealized holding gains 2 — — Unrealized holding losses — (29 ) (7 ) Fair Value $ 10,336 $ 22,154 $ 3,193 An immaterial amount of investments were in a continuous unrealized loss position as of March 31, 2018 . Realized gains and losses as a result of sales in the three and nine months ended March 31, 2018 and March 31, 2017 were also immaterial. Supplemental Employee Retirement Plan Investments: We maintain a self-directed supplemental employee retirement plan (“SERP”) in which executive employees are eligible to participate. The SERP utilizes a rabbi trust, and therefore assets in the SERP portfolio are subject to creditor claims in the event of bankruptcy. We recognize SERP investment assets on the Condensed Consolidated Balance Sheets at current fair value. A SERP liability of the same amount is recorded on the Condensed Consolidated Balance Sheets 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. Net unrealized holding gains for the nine months ended March 31, 2018 and 2017 were, in thousands, $450 and $533 , respectively. SERP asset and liability balances were as follows: (Amounts in Thousands) March 31, June 30, SERP investments - current asset $ 3,105 $ 1,259 SERP investments - other long-term asset 9,127 9,935 Total SERP investments $ 12,232 $ 11,194 SERP obligation - current liability $ 3,105 $ 1,259 SERP obligation - other long-term liability 9,127 9,935 Total SERP obligation $ 12,232 $ 11,194 Non-marketable equity securities: We hold a total investment of $2.0 million in a privately-held company, including $0.5 million in non-marketable equity securities. The investment in non-marketable equity securities is included in the Other Assets line of the Condensed Consolidated Balance Sheets. See Note 10 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities. We do not hold a majority voting interest and are not the variable interest primary beneficiary of the privately-held company, thus consolidation is not required.

Note 12. Derivative Instruments

Note 12. Derivative Instruments	9 Months Ended
	Mar. 31, 2018
Derivative Instruments [Abstract]
Derivative Instruments and Hedging Activities Disclosure	Derivative Instruments Stock Warrants: We hold a total investment of $2.0 million in a privately-held company, including $1.5 million in stock warrants. The investment in stock warrants is accounted for as a derivative instrument, and is included in the Other Assets line of the Condensed Consolidated Balance Sheets. The stock warrants are convertible into equity shares of the privately-held company upon achieving certain milestones. The value of the stock warrants will fluctuate primarily in relation to the value of the privately-held company's underlying securities, either providing an appreciation in value or potentially expiring with no value. During the quarter ended March 31, 2018 , the change in fair value of the stock warrants was not significant. See Note 10 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities.

Note 13. Postemployment Benefit

Note 13. Postemployment Benefits	9 Months Ended
	Mar. 31, 2018
Postemployment Benefits [Abstract]
Postemployment Benefits Disclosure	Postemployment Benefits Our domestic employees participate in severance plans which provide severance benefits to eligible employees meeting the plans’ qualifications, primarily for involuntary termination without cause. The components of net periodic postemployment benefit cost applicable to our severance plans were as follows: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2018 2017 2018 2017 Service cost $ 132 $ 110 $ 398 $ 342 Interest cost 20 14 62 43 Amortization of actuarial income (58 ) (134 ) (191 ) (422 ) Net periodic benefit cost (income) $ 94 $ (10 ) $ 269 $ (37 ) The benefit cost (income) in the above table includes only normal recurring levels of severance activity, as estimated using an actuarial method. Unusual or non-recurring severance actions are not estimable using actuarial methods and are expensed in accordance with the applicable U.S. GAAP.

Note 14. Stock Compensation

Note 14. Stock Compensation	9 Months Ended
	Mar. 31, 2018
Stock Compensation Plan [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments	Stock Compensation Stock-based compensation expense during the quarter and year-to-date period ended March 31, 2018 , was $0.8 million and $3.3 million , respectively, and during the quarter and year-to-date period ended March 31, 2017 , was $1.5 million and $4.8 million , respectively. The total income tax benefit for stock compensation arrangements during the quarter and year-to-date period ended March 31, 2018 , was $0.3 million and $1.7 million , respectively, and during the quarter and year-to-date period ended March 31, 2017 , was $0.6 million and $1.9 million , respectively. The first quarter of fiscal year 2018 included $0.6 million of excess tax benefits from stock awards vesting. During fiscal year 2018 , the following stock compensation was awarded to officers and other key employees and to members of the Board of Directors who are not employees. Awards granted through October were under the Amended and Restated 2003 Stock Option and Incentive Plan, while awards granted after October were under the 2017 Stock Incentive Plan, which was approved by shareowners at the October 31, 2017 annual shareowners meeting. For more information on stock compensation awards, refer to our Annual Report on Form 10-K for the fiscal year ended June 30, 2017 . Type of Award Quarter Awarded Shares or Units Grant Date Fair Value (5) Annual Performance Shares (1) 1st Quarter 55,839 $16.52 Annual Performance Shares (1) 2nd Quarter 4,830 $17.63 - $19.73 Annual Performance Shares (1) 3rd Quarter 132 $16.55 Relative Total Shareholder Return Awards (2) 1st Quarter 26,167 $21.21 Restricted Share Units (3) 1st Quarter 51,211 $16.76 Restricted Share Units (3) 2nd Quarter 7,005 $17.91 - $18.11 Restricted Share Units (3) 3rd Quarter 15,297 $18.67 - $18.77 Unrestricted Shares (4) 1st Quarter 10,055 $16.97 Unrestricted Shares (4) 2nd Quarter 9,237 $19.29 - $20.72 Unrestricted Shares (4) 3rd Quarter 9,344 $18.72 (1) Annual performance shares were awarded to officers and other key employees. The number of annual performance shares to be issued will be dependent upon the Company’s return on equity during fiscal year 2018, with a percentage payout ranging from 0% to 200% of the target number set forth above. The maximum number of shares that can be issued under these awards is 121,602 . Annual performance shares vest on June 30, 2018. (2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2020. Participants will earn from 0% to 200% of the target award depending upon how the compound annual growth rate of Kimball International common stock ranks within the peer group at the end of the performance period. The maximum number of units that can be issued under these awards is 52,334 . (3) Restricted share units were awarded to officers and key employees. Vesting occurs at June 30, 2018, June 30, 2019, and June 30, 2020. Upon vesting, the outstanding number of restricted share units and the value of dividends accumulated over the vesting period are converted to shares of common stock. (4) Unrestricted shares were awarded to non-employee members of the Board of Directors as consideration for service to Kimball International and do not have vesting periods, holding periods, restrictions on sale, or other restrictions. (5) The grant date fair value of annual performance shares is based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding annual performance share awards. The grant date fair value of the Relative Total Shareholder Return awards was calculated using a Monte Carlo simulation. This valuation technique includes estimating the movement of stock prices and the effects of volatility, interest rates, and dividends. The grant date fair value of the restricted share units and unrestricted shares was based on the stock price at the date of the award.

Note 15. Variable Interest Enti

Note 15. Variable Interest Entities	9 Months Ended
	Mar. 31, 2018
Variable Interest Entities [Abstract]
Variable Interest Entities	Variable Interest Entities Our involvement with variable interest entities (“VIEs”) is limited to situations in which we are not the primary beneficiary as we lack the power to direct the activities that most significantly impact the VIE’s economic performance. Thus, consolidation is not required. Our involvement with VIEs consists of an investment in a privately-held company consisting of non-marketable equity securities and stock warrants, and notes receivable related to independent dealership financing. The non-marketable equity securities and stock warrants were valued at $0.5 million and $1.5 million , respectively, at both March 31, 2018 and June 30, 2017 and were included in the Other Assets line of the Condensed Consolidated Balance Sheets. For more information related to our investment in the privately-held company, see Note 10 - Fair Value of Notes to Condensed Consolidated Financial Statements. The carrying value of the notes receivable for independent dealership financing were $0.7 million and $0.4 million as of March 31, 2018 and June 30, 2017 , respectively, and were primarily included on the Other Assets line of our Condensed Consolidated Balance Sheets. We have no obligation to provide additional funding to the VIEs, and thus our exposure and risk of loss related to the VIEs is limited to the carrying value of the investment and notes receivable. Financial support provided by Kimball International to the VIEs was limited to the items discussed above during the quarter ended March 31, 2018 .

Note 16. Credit Quality and All

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable	9 Months Ended
	Mar. 31, 2018
Credit Quality and Allowance for Credit Losses of Notes Receivable [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure	Credit Quality and Allowance for Credit Losses of Notes Receivable We monitor credit quality and associated risks of notes receivable on an individual basis based on criteria such as financial stability of the party and collection experience in conjunction with general economic and market conditions. As of March 31, 2018 and June 30, 2017 , we had no material past due outstanding notes receivable. As of March 31, 2018 As of June 30, 2017 (Amounts in Thousands) Unpaid Balance Related Allowance Receivable Net of Allowance Unpaid Balance Related Allowance Receivable Net of Allowance Independent Dealership Financing $ 667 $ — $ 667 $ 433 $ — $ 433 Other Notes Receivable 126 123 3 138 126 12 Total $ 793 $ 123 $ 670 $ 571 $ 126 $ 445

Note 17. Earnings Per Share (No

Note 17. Earnings Per Share (Notes)	9 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share are based on the weighted average number of shares outstanding during the period. Diluted earnings per share are based on the weighted average number of shares outstanding plus the assumed issuance of common shares for all potentially dilutive securities. Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands, Except for Per Share Data) 2018 2017 2018 2017 Net Income $ 5,850 $ 7,231 $ 24,185 $ 26,946 Average Shares Outstanding for Basic EPS Calculation 37,259 37,236 37,388 37,360 Dilutive Effect of Average Outstanding Compensation Awards 280 494 325 558 Average Shares Outstanding for Diluted EPS Calculation 37,539 37,730 37,713 37,918 Basic Earnings Per Share $ 0.16 $ 0.19 $ 0.65 $ 0.72 Diluted Earnings Per Share $ 0.16 $ 0.19 $ 0.64 $ 0.71

Note 1. Basis of Presentation (

Note 1. Basis of Presentation (Policies)	9 Months Ended
	Mar. 31, 2018
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Kimball International, Inc. (the “Company,” “Kimball International,” “we,” “us,” or “our”) have been prepared in accordance with the instructions to Form 10-Q. 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. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in our latest annual report on Form 10-K.

Note 2. Recent Accounting Pro25

Note 2. Recent Accounting Pronouncements and Supplemental Information (Policies)	9 Months Ended
	Mar. 31, 2018
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements: In January 2017, the Financial Accounting Standards Board (“FASB”) issued guidance on simplifying the test for goodwill impairment by eliminating the requirement to estimate the implied fair value of a reporting unit from the goodwill impairment test. Under the guidance, an entity should perform its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount and should recognize an impairment charge for the amount by which the carrying amount exceeds the reporting unit’s fair value. However, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. An entity still has the option to perform the qualitative assessment for a reporting unit to determine if the quantitative impairment test is necessary. The guidance is effective prospectively for our first quarter of fiscal year 2021 financial statements with early adoption permitted. In conjunction with our recent acquisition, we early adopted the guidance in our second quarter of fiscal year 2018 and the guidance did not have a material effect on our consolidated financial statements. In January 2017, the FASB issued guidance which revises the definition of a business with the objective of adding guidance to assist entities with evaluating whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted and the amendments can be applied to transactions occurring before the guidance was issued as long as the applicable financial statements have not been issued. In conjunction with our recent acquisition, we early adopted the guidance in our second quarter of fiscal year 2018 and the guidance did not have a material effect on our consolidated financial statements. In August 2016, the FASB issued guidance that clarifies and provides specific guidance on eight cash flow classification issues that are not addressed by current GAAP. The new guidance is intended to reduce diversity in practice in how certain transactions are classified in the statement of cash flows, including how to classify contingent consideration payments made after a business combination, which will impact the presentation of future earn-out payments for our recent acquisition. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted. We early adopted the guidance in our second quarter of fiscal year 2018 and the guidance did not have a material effect on our consolidated financial statements. In July 2015, the FASB issued guidance on simplifying the measurement of inventory which applies to inventory that is measured using first-in, first-out (“FIFO”) or average cost. Inventory within the scope of this update is required to be measured at the lower of cost or net realizable value, which is the estimated selling price in the ordinary course of business less reasonably predictable costs of completion, disposal, and transportation. The guidance does not impact inventory measured on a last-in, first-out (“LIFO”) basis. The guidance was adopted prospectively in our first quarter of fiscal year 2018 and did not have a material effect on our consolidated financial statements. Recently Issued Accounting Pronouncements Not Yet Adopted: In February 2018, the FASB issued guidance that allows the reclassification of the income tax effects resulting from the Tax Cuts and Jobs Act (“Tax Reform”) from accumulated other comprehensive income to retained earnings. Under the Tax Reform, deferred taxes were adjusted to reflect the reduction of the federal income tax rate to the newly enacted federal income tax rate which left the tax effects on items within accumulated other comprehensive income stranded at historical tax rates. This guidance requires qualitative disclosure of the accounting policy for releasing income tax effects from accumulated other comprehensive income and if the reclassification election is made, the impacts of the change on the consolidated financial statements. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted and is to be applied either in the period of adoption or retrospectively to each period in which the effect of the Tax Reform changes are recognized. We are reviewing the impact of this rule but have not yet determined the effect of this guidance on our consolidated financial statements. In May 2017, the FASB issued guidance that clarifies when changes to the terms or conditions of a share-based payment award must be accounted for as modifications. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted and will be applied prospectively to an award modified on or after the adoption date. We do not expect the adoption to have a material effect on our consolidated financial statements. In March 2017, the FASB issued guidance that will shorten the amortization period for certain callable debt securities held at a premium to the earliest call date. This guidance does not require an accounting change for securities held at a discount. This guidance is to be applied on a modified retrospective basis, with a cumulative-effect adjustment directly to retained earnings as of the beginning of the period of adoption. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted. We have not yet determined the effect of this guidance on our consolidated financial statements. In March 2017, the FASB issued guidance that requires employers that present a measure of operating income in their statement of income to include only the service cost component of net periodic benefit cost in operating expenses, which will impact the presentation of our postemployment benefit plan. Employers are required to present all other components of net benefit cost separate from the service costs and disclose the line item in which the components of net benefit cost other than the service cost are included. Retrospective application of the change in the statement of income presentation is required. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted. We do not expect the adoption to have a material effect on our consolidated financial statements. In February 2017, the FASB issued guidance that clarifies the scope of guidance on nonfinancial asset derecognition as well as the accounting for partial sales of nonfinancial assets. This new guidance is meant to clarify the scope of the original guidance that was issued in connection with the guidance relating to the recognition of revenue from contracts with customers, as defined below, which addresses recognizing gains and losses from the transfer of nonfinancial assets in contracts with noncustomers. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted, and we are required to adopt concurrent with the adoption of the guidance on recognition of revenue from contracts with customers. We are reviewing the impact of this rule but have not yet determined the effect of this guidance on our consolidated financial statements. In November 2016, the FASB issued guidance which requires an entity to include in their cash and cash equivalent balances in the statement of cash flows those amounts that are deemed to be restricted cash and restricted cash equivalents. The guidance is effective for our first quarter of fiscal year 2019 with early adoption permitted, and is required to be applied using a retrospective transition method to each prior reporting period. We do not expect the adoption to have a material effect on our consolidated financial statements. In June 2016, the FASB issued guidance on the measurement of credit losses on financial instruments. Under the guidance, an entity recognizes as an allowance its estimate of expected credit losses, which the FASB believes will result in more timely recognition of such losses. The guidance is also intended to reduce the complexity by decreasing the number of credit impairment models that entities use to account for debt instruments. The guidance is effective for our first quarter of fiscal year 2021 with early adoption in our fiscal year 2020 permitted. We have not yet determined the effect of this guidance on our consolidated financial statements. In February 2016, the FASB issued guidance that revises the accounting for leases. The guidance is intended to improve financial reporting of leasing transactions by requiring lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet. Leases will continue to be classified as either operating or finance leases, with the classification affecting the pattern of expense recognition in the statement of income. The guidance will also require additional disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. In January 2018, the FASB issued additional guidance for land easements which permits entities to forgo the evaluation of existing land easement arrangements to determine if they contain a lease. New land easement arrangements, or modifications to existing arrangements, after the adoption of the lease standard will be evaluated to determine if they meet the definition of a lease. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted, and is required to be applied using a modified retrospective approach to each prior reporting period. We are currently evaluating the impact of this guidance, but have not yet determined the effect on our consolidated financial statements. In January 2016, the FASB issued guidance which is intended to improve the recognition and measurement of financial instruments. The guidance revises an entity’s accounting related to the classification and measurement of investments in equity securities and the presentation of certain fair value changes for financial liabilities measured at fair value. The guidance also amends certain disclosure requirements associated with the fair value of financial instruments. The guidance is effective prospectively for our first quarter of fiscal year 2019 financial statements with early adoption allowed on certain provisions. We are currently evaluating the impact of this guidance, but have not yet determined the effect on our consolidated financial statements. 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. In July 2015, the FASB decided to defer the effective date for this new revenue standard by one year, which will make the guidance effective for our first quarter of fiscal year 2019 financial statements using either of two acceptable adoption methods: (i) retrospective adoption to each prior reporting period presented with the option to elect certain practical expedients; or (ii) adoption with the cumulative effect of initially applying the guidance recognized at the date of initial application and providing certain additional disclosures. In March 2016, the FASB issued additional guidance which further clarifies assessing whether an entity is a principal or an agent in a revenue transaction, and impacts whether an entity reports revenue on a gross or net basis; in April 2016, the FASB issued additional guidance that addresses identifying performance obligations and implementing licensing guidance; and in May 2016, the FASB issued additional guidance that clarifies collectability, noncash consideration, and other transition issues. The amendments have the same effective date and transition requirements as the new revenue standard. We have completed a preliminary review of the impact of the new revenue standard and expect the primary change to be the reclassification of certain items on the statement of income. For contracts involving products that are sold directly to end customers, currently any fees paid to dealer agents for facilitating the sale and performing certain services are netted against revenue. Under the new standard, fees paid to dealer agents will be recognized as either cost of sales or selling expense. In addition, any commissions or fees paid to third-party purchasing organizations will be recognized as a selling expense rather than being netted against revenue. Although the result of these changes will be increases in net sales, cost of sales, and selling expenses, these changes will have no impact to operating income dollars, but will reduce operating income as a percent of net sales. The new standard will also require several less significant changes including classifying the reserve for returns and allowance as a liability rather than a contra-receivable, recognizing a recovery asset for potential product returns, and capitalizing costs to obtain and fulfill sales contracts. The new standard will also require significantly more disclosure than is required under current rules. We continue to evaluate the impact that will result from adoption of the new standard, and we are in the process of implementing changes to our business processes, systems, and internal controls to support recognition and disclosure under the new standard. We expect to adopt the standard at the beginning of our fiscal year 2019 using the full retrospective approach which, upon adoption, will adjust fiscal years 2017 and 2018 to provide comparable financial reporting for these periods.
Goodwill	Goodwill represents the difference between the purchase price and the related underlying tangible and intangible net asset fair values resulting from business acquisitions. Annually, or if conditions indicate an earlier review is necessary, we may assess qualitative factors to determine if it is more likely than not that the fair value is less than its carrying amount. We also have the option to bypass the qualitative assessment and proceed directly to performing the quantitative goodwill impairment test. We compare the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. If the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. Goodwill is assigned to and the fair value is tested at the reporting unit level. The fair value is established primarily using a discounted cash flow analysis and secondarily a market approach utilizing current industry information. The calculation of the fair value of the reporting unit considers current market conditions existing at the assessment date.
Intangible Assets	Internal-use software is stated at cost less accumulated amortization and is amortized using the straight-line method. During the software application development stage, capitalized costs include external consulting costs, cost of software licenses, and internal payroll and payroll-related costs for employees who are directly associated with a software project. Upgrades and enhancements are capitalized if they result in added functionality which enable the software to perform tasks it was previously incapable of performing. Software maintenance, training, data conversion, and business process re-engineering costs are expensed in the period in which they are incurred. Product rights to produce and sell certain products, trade names, and non-compete agreements are amortized on a straight-line basis over their estimated useful lives. Capitalized customer relationships are amortized on estimated attrition rate of customers. We have no intangible assets with indefinite useful lives which are not subject to amortization.
Notes Receivables 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. Our policy for estimating the allowance for credit losses on trade accounts receivable and notes receivable includes analysis of such items as aging, credit worthiness, payment history, and historical bad debt experience. Management uses these specific analyses in conjunction with an evaluation of the general economic and market conditions to determine the final allowance for credit losses on the trade accounts receivable and notes receivable. Trade accounts receivable and notes receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. Our limited amount of notes receivable allows management to monitor the risks, credit quality indicators, collectability, and probability of impairment on an individual basis. Adjustments to the allowance for credit losses are recorded in selling and administrative expenses. Customary terms require payment within 30 days , with terms beyond 30 days being considered extended.
Non-operating Income and Expense, net	Non-operating Income (Expense), net: The non-operating income (expense), net line item includes the impact of such items as fair value adjustments on Supplemental Employee Retirement Plan (“SERP”) investments, foreign currency rate movements, investment gain or loss, non-production rent income, bank charges, and other miscellaneous non-operating income and expense items that are not directly related to operations. The gain or loss on SERP investments is offset by a change in the SERP liability that is recognized in selling and administrative expenses.

Note 4. Income Taxes (Policies)

Note 4. Income Taxes (Policies)	9 Months Ended
	Mar. 31, 2018
Income Tax Disclosure [Abstract]
Income Tax, Policy [Policy Text Block]	The changes included in the Tax Reform are broad and complex. The final transition impacts of the Tax Reform may differ from the above estimate, due to, among other things, changes in interpretations of the Tax Reform, any legislative action to address questions that arise because of the Tax Reform, any changes in accounting standards for income taxes or related interpretations in response to the Tax Reform, or any updates or changes to estimates we have utilized to calculate the transition impacts. The Securities and Exchange Commission has issued rules that would allow for a measurement period of up to one year after the enactment date of the Tax Reform to finalize the recording of the related tax impacts. We currently anticipate finalizing and recording any resulting adjustments by the end of our current fiscal year ending June 30, 2018. 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.

Note 5. Inventories (Policies)

Note 5. Inventories (Policies)	9 Months Ended
	Mar. 31, 2018
Inventories [Abstract]
Inventory	For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end.

Note 7. Commitments and Conti28

Note 7. Commitments and Contingent Liabilities (Policies)	9 Months Ended
	Mar. 31, 2018
Commitments and Contingent Liabilities [Abstract]
Product Warranties	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 10. Fair Value (Policies)

Note 10. Fair Value (Policies)	9 Months Ended
	Mar. 31, 2018
Fair Value [Abstract]
Fair Value	We categorize 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. Our policy is to recognize transfers between these levels as of the end of each quarterly reporting period. There were no transfers between these levels during the nine months ended March 31, 2018 . There were also no changes in the inputs or valuation techniques used to measure fair values compared to those disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2017 .
Fair Value of Financial Instruments Policy Continued	Financial Instruments Recognized at Fair Value: The following methods and assumptions were used to measure fair value: Financial Instrument Level Valuation Technique/Inputs Used Cash Equivalents: Money market funds 1 Market - Quoted market prices Cash Equivalents: Commercial paper 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: Secondary market certificates of deposit 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: Municipal bonds 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: U.S. Treasury and federal agencies 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - The privately-held company is currently in an early stage of start-up. The pricing of recent purchases or sales of the investment are considered, as well as positive and negative qualitative evidence, in the assessment of fair value. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability.
Business Combinations Policy	In connection with the acquisition of D’style, we valued long-lived and intangible assets at their estimated fair values at the acquisition date. The fair value estimates for intangible assets were based upon assumptions related to the future cash flows and discount rates utilizing currently available information, and in some cases, valuation results from independent valuation specialists (Level 3 determination of fair value). Subsequent to the acquisition, we determine the fair value of our long-lived and intangible assets on a non-recurring basis in connection with our periodic evaluations of such assets for potential impairment and record impairment charges when such fair value estimates are lower than the carrying values of the assets.
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 the following: Financial Instrument Level Valuation Technique/Inputs Used Notes receivable 2 Market - Price approximated based on the assumed collection of receivables in the normal course of business, taking into account the customer’s non-performance risk Non-marketable equity securities (cost-method investments, which carry shares at cost except in the event of impairment) 3 Cost method, with impairment recognized using a market-based valuation technique - See the explanation below the table regarding the method used to periodically estimate the fair value of cost-method investments. Long-term debt (carried at amortized cost) 3 Income - Price estimated using a discounted cash flow analysis based on quoted long-term debt market rates, taking into account Kimball International’s non-performance risk The investment in non-marketable equity securities is accounted for using the cost method because we do not have the ability to exercise significant influence over the operating and financial policies of the investee. On a periodic basis, but no less frequently than quarterly, these investments are assessed for impairment when there are events or changes in circumstances that may have a significant adverse effect on the fair value of the investment. If a significant adverse effect on the fair value of the investment were to occur and was deemed to be other-than-temporary, the fair value of the investment would be estimated, and the amount by which the carrying value of the cost-method investment exceeds its fair value would be recorded as an impairment loss.

Note 11. Investments (Policies)

Note 11. Investments (Policies)	9 Months Ended
	Mar. 31, 2018
Investments [Abstract]
Investment, Policy [Policy Text Block]	Our investment policy dictates that municipal bonds, U.S. Treasury and federal agency securities must be investment grade quality.

Note 14. Stock Compensation (Po

Note 14. Stock Compensation (Policies)	9 Months Ended
	Mar. 31, 2018
Stock Compensation Plan [Abstract]
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	The grant date fair value of annual performance shares is based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding annual performance share awards. The grant date fair value of the Relative Total Shareholder Return awards was calculated using a Monte Carlo simulation. This valuation technique includes estimating the movement of stock prices and the effects of volatility, interest rates, and dividends. The grant date fair value of the restricted share units and unrestricted shares was based on the stock price at the date of the award.

Note 2. Recent Accounting Pro32

Note 2. Recent Accounting Pronouncements and Supplemental Information (Tables)	9 Months Ended
	Mar. 31, 2018
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of intangible assets subject to amortization is as follows: March 31, 2018 June 30, 2017 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Capitalized Software $ 38,304 $ 35,721 $ 2,583 $ 37,918 $ 34,986 $ 2,932 Product Rights 162 162 — 162 162 — Customer Relationships 7,050 264 6,786 — — — Trade Names 3,570 149 3,421 — — — Non-Compete Agreements 100 8 92 — — — Other Intangible Assets $ 49,186 $ 36,304 $ 12,882 $ 38,080 $ 35,148 $ 2,932
Components of Non-operating income (expense), net	Components of the Non-operating income (expense), net line, were: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2018 2017 2018 2017 Foreign Currency Loss $ (18 ) $ (14 ) $ (31 ) $ (28 ) Gain (Loss) on Supplemental Employee Retirement Plan Investments (8 ) 473 756 869 Other (179 ) (98 ) (381 ) (272 ) Non-operating income (expense), net $ (205 ) $ 361 $ 344 $ 569

Note 3. Acquisition (Tables)

Note 3. Acquisition (Tables)	9 Months Ended
	Mar. 31, 2018
Acquisition [Abstract]
Schedule of Purchase Price Allocation [Table Text Block]	A summary of the preliminary purchase price allocation is as follows: Purchase Price Allocation (Amounts in Thousands) Assets: Receivables $ 1,467 Inventories 1,455 Prepaid expenses and other current assets 1,120 Net property and equipment 184 Goodwill 8,824 Other intangible assets 10,720 Deferred tax assets 303 $ 24,073 Liabilities: Accounts payable $ 804 Customer deposits 3,084 Accrued expenses 333 $ 4,221 $ 19,852
Schedule of Business Acquisitions by Acquisition, Contingent Consideration [Table Text Block]	Consideration (Amounts in Thousands) Cash $ 17,800 Contingent earn-out — fair value at acquisition date 1,680 Working capital adjustment payable 372 Fair value of total consideration $ 19,852
Schedule of Goodwill [Table Text Block]	The following summarizes our goodwill activity for fiscal year 2018: Goodwill (Amounts in Thousands) Goodwill - December 31, 2017 $ 8,559 Working capital adjustments 265 Goodwill - March 31, 2018 $ 8,824

Note 5. Inventories (Tables)

Note 5. Inventories (Tables)	9 Months Ended
	Mar. 31, 2018
Inventories [Abstract]
Schedule of Inventory, Current	Inventory components were as follows: (Amounts in Thousands) March 31, 2018 June 30, Finished products $ 27,699 $ 24,537 Work-in-process 1,195 1,346 Raw materials 24,167 25,368 Total FIFO inventory 53,061 51,251 LIFO reserve (14,024 ) (13,189 ) Total inventory $ 39,037 $ 38,062

Note 6. Accumulated Other Com35

Note 6. Accumulated Other Comprehensive Income (Tables)	9 Months Ended
	Mar. 31, 2018
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income	During the three months ended March 31, 2018 and 2017 , the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at December 31, 2017 $ (37 ) $ 1,364 $ 1,327 Other comprehensive income (loss) before reclassifications (4 ) 57 53 Reclassification to (earnings) loss 1 (39 ) (38 ) Net current-period other comprehensive income (loss) (3 ) 18 15 Balance at March 31, 2018 $ (40 ) $ 1,382 $ 1,342 Balance at December 31, 2016 $ (19 ) $ 1,410 $ 1,391 Other comprehensive income (loss) before reclassifications — 119 119 Reclassification to (earnings) loss — (82 ) (82 ) Net current-period other comprehensive income (loss) — 37 37 Balance at March 31, 2017 $ (19 ) $ 1,447 $ 1,428 During the nine months ended March 31, 2018 and 2017 , the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2017 $ (21 ) $ 1,136 $ 1,115 Other comprehensive income (loss) before reclassifications (22 ) 375 353 Reclassification to (earnings) loss 3 (129 ) (126 ) Net current-period other comprehensive income (loss) (19 ) 246 227 Balance at March 31, 2018 $ (40 ) $ 1,382 $ 1,342 Balance at June 30, 2016 $ — $ 1,311 $ 1,311 Other comprehensive income (loss) before reclassifications (19 ) 394 375 Reclassification to (earnings) loss — (258 ) (258 ) Net current-period other comprehensive income (loss) (19 ) 136 117 Balance at March 31, 2017 $ (19 ) $ 1,447 $ 1,428
Reclassifications from Accumulated Other Comprehensive Income	The following reclassifications were made from Accumulated Other Comprehensive Income to the Condensed Consolidated Statements of Income: Reclassifications from Accumulated Other Comprehensive Income Three Months Ended Nine Months Ended Affected Line Item in the Condensed Consolidated Statements of Income March 31, March 31, (Amounts in Thousands) 2018 2017 2018 2017 Realized Investment Gain (Loss) on available-for-sale securities (1) $ (1 ) $ — (4 ) $ — Non-operating income (expense), net — — 1 — Benefit (Provision) for Income Taxes (1 ) — (3 ) — Net Income Postemployment Benefits amortization of actuarial gain (2) $ 37 $ 85 $ 124 $ 268 Cost of Sales 21 49 67 154 Selling and Administrative Expenses (19 ) (52 ) (62 ) (164 ) Benefit (Provision) for Income Taxes 39 82 129 258 Net Income Total Reclassifications for the Period $ 38 $ 82 $ 126 $ 258 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 11 - Investments of Notes to Condensed Consolidated Financial Statements for further information on available-for-sale securities. (2) See Note 13 - Postemployment Benefits of Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans.

Note 7. Commitments and Conti36

Note 7. Commitments and Contingent Liabilities (Tables)	9 Months Ended
	Mar. 31, 2018
Commitments and Contingent Liabilities [Abstract]
Schedule of Product Warranty Liability	Changes in the product warranty accrual for the nine months ended March 31, 2018 and 2017 were as follows: Nine Months Ended March 31 (Amounts in Thousands) 2018 2017 Product Warranty Liability at the beginning of the period $ 1,992 $ 2,351 Additions to warranty accrual (including changes in estimates) 1,043 437 Settlements made (in cash or in kind) (773 ) (807 ) Product Warranty Liability at the end of the period $ 2,262 $ 1,981

Note 10. Fair Value (Tables)

Note 10. Fair Value (Tables)	9 Months Ended
	Mar. 31, 2018
Fair Value [Abstract]
Fair Value Measurements, Recurring, Valuation Techniques	The following methods and assumptions were used to measure fair value: Financial Instrument Level Valuation Technique/Inputs Used Cash Equivalents: Money market funds 1 Market - Quoted market prices Cash Equivalents: Commercial paper 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: Secondary market certificates of deposit 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: Municipal bonds 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Available-for-sale securities: U.S. Treasury and federal agencies 2 Market - Based on market data which use evaluated pricing models and incorporate available trade, bid, and other market information. Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - The privately-held company is currently in an early stage of start-up. The pricing of recent purchases or sales of the investment are considered, as well as positive and negative qualitative evidence, in the assessment of fair value. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	As of March 31, 2018 and June 30, 2017 , the fair values of financial assets that are measured at fair value on a recurring basis using the market approach are categorized as follows: (Amounts in Thousands) March 31, 2018 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 13,268 $ — $ — $ 13,268 Cash equivalents: Commercial paper — 22,156 — 22,156 Available-for-sale securities: Secondary market certificates of deposit — 13,501 — 13,501 Available-for-sale securities: Municipal bonds — 17,639 — 17,639 Available-for-sale securities: U.S. Treasury and federal agencies — 7,055 — 7,055 Trading Securities: Mutual funds in nonqualified SERP 12,232 — — 12,232 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 25,500 $ 60,351 $ 1,500 $ 87,351 Liabilities Contingent earn-out liability $ — $ — $ 1,417 $ 1,417 Total liabilities at fair value $ — $ — $ 1,417 $ 1,417 (Amounts in Thousands) June 30, 2017 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 30,383 $ — $ — $ 30,383 Cash equivalents: Commercial paper — 29,102 — 29,102 Available-for-sale securities: Secondary market certificates of deposit — 10,336 — 10,336 Available-for-sale securities: Municipal bonds — 22,154 — 22,154 Available-for-sale securities: U.S. Treasury and federal agencies — 3,193 — 3,193 Trading Securities: Mutual funds in nonqualified SERP 11,194 — — 11,194 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 41,577 $ 64,785 $ 1,500 $ 107,862
Fair Value Measurements, Recurring and Nonrecurring, Valuation Techniques	Financial instruments that are not reflected in the Condensed Consolidated Balance Sheets at fair value that have carrying amounts which approximate fair value include the following: Financial Instrument Level Valuation Technique/Inputs Used Notes receivable 2 Market - Price approximated based on the assumed collection of receivables in the normal course of business, taking into account the customer’s non-performance risk Non-marketable equity securities (cost-method investments, which carry shares at cost except in the event of impairment) 3 Cost method, with impairment recognized using a market-based valuation technique - See the explanation below the table regarding the method used to periodically estimate the fair value of cost-method investments. Long-term debt (carried at amortized cost) 3 Income - Price estimated using a discounted cash flow analysis based on quoted long-term debt market rates, taking into account Kimball International’s non-performance risk

Note 11. Investments (Tables)

Note 11. Investments (Tables)	9 Months Ended
	Mar. 31, 2018
Investments [Abstract]
Schedule of Contractual Maturities on Investments	The contractual maturities of our investment portfolio were as follows (maturity dates for municipal bonds are based on pre-refunded dates and maturity dates for government agency securities are based on the first available call date, if applicable): March 31, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Within one year $ 9,258 $ 15,095 $ 5,384 After one year through two years 4,243 2,544 1,671 Total Fair Value $ 13,501 $ 17,639 $ 7,055
Unrealized Gain (Loss) on Investments	March 31, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 13,501 $ 17,692 $ 7,062 Unrealized holding gains — — — Unrealized holding losses — (53 ) (7 ) Fair Value $ 13,501 $ 17,639 $ 7,055 June 30, 2017 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 10,334 $ 22,183 $ 3,200 Unrealized holding gains 2 — — Unrealized holding losses — (29 ) (7 ) Fair Value $ 10,336 $ 22,154 $ 3,193
Trading Securities (and Certain Trading Assets)	SERP asset and liability balances were as follows: (Amounts in Thousands) March 31, June 30, SERP investments - current asset $ 3,105 $ 1,259 SERP investments - other long-term asset 9,127 9,935 Total SERP investments $ 12,232 $ 11,194 SERP obligation - current liability $ 3,105 $ 1,259 SERP obligation - other long-term liability 9,127 9,935 Total SERP obligation $ 12,232 $ 11,194

Note 13. Postemployment Benef39

Note 13. Postemployment Benefits (Tables)	9 Months Ended
	Mar. 31, 2018
Postemployment Benefits [Abstract]
Schedule of Changes in Projected Benefit Obligations	The components of net periodic postemployment benefit cost applicable to our severance plans were as follows: Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands) 2018 2017 2018 2017 Service cost $ 132 $ 110 $ 398 $ 342 Interest cost 20 14 62 43 Amortization of actuarial income (58 ) (134 ) (191 ) (422 ) Net periodic benefit cost (income) $ 94 $ (10 ) $ 269 $ (37 )

Note 14. Stock Compensation (Ta

Note 14. Stock Compensation (Tables)	9 Months Ended
	Mar. 31, 2018
Stock Compensation Plan [Abstract]
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period	Type of Award Quarter Awarded Shares or Units Grant Date Fair Value (5) Annual Performance Shares (1) 1st Quarter 55,839 $16.52 Annual Performance Shares (1) 2nd Quarter 4,830 $17.63 - $19.73 Annual Performance Shares (1) 3rd Quarter 132 $16.55 Relative Total Shareholder Return Awards (2) 1st Quarter 26,167 $21.21 Restricted Share Units (3) 1st Quarter 51,211 $16.76 Restricted Share Units (3) 2nd Quarter 7,005 $17.91 - $18.11 Restricted Share Units (3) 3rd Quarter 15,297 $18.67 - $18.77 Unrestricted Shares (4) 1st Quarter 10,055 $16.97 Unrestricted Shares (4) 2nd Quarter 9,237 $19.29 - $20.72 Unrestricted Shares (4) 3rd Quarter 9,344 $18.72 (1) Annual performance shares were awarded to officers and other key employees. The number of annual performance shares to be issued will be dependent upon the Company’s return on equity during fiscal year 2018, with a percentage payout ranging from 0% to 200% of the target number set forth above. The maximum number of shares that can be issued under these awards is 121,602 . Annual performance shares vest on June 30, 2018. (2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2020. Participants will earn from 0% to 200% of the target award depending upon how the compound annual growth rate of Kimball International common stock ranks within the peer group at the end of the performance period. The maximum number of units that can be issued under these awards is 52,334 . (3) Restricted share units were awarded to officers and key employees. Vesting occurs at June 30, 2018, June 30, 2019, and June 30, 2020. Upon vesting, the outstanding number of restricted share units and the value of dividends accumulated over the vesting period are converted to shares of common stock. (4) Unrestricted shares were awarded to non-employee members of the Board of Directors as consideration for service to Kimball International and do not have vesting periods, holding periods, restrictions on sale, or other restrictions. (5) The grant date fair value of annual performance shares is based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding annual performance share awards. The grant date fair value of the Relative Total Shareholder Return awards was calculated using a Monte Carlo simulation. This valuation technique includes estimating the movement of stock prices and the effects of volatility, interest rates, and dividends. The grant date fair value of the restricted share units and unrestricted shares was based on the stock price at the date of the award.

Note 16. Credit Quality and A41

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable (Tables)	9 Months Ended
	Mar. 31, 2018
Credit Quality and Allowance for Credit Losses of Notes Receivable [Abstract]
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent	As of March 31, 2018 As of June 30, 2017 (Amounts in Thousands) Unpaid Balance Related Allowance Receivable Net of Allowance Unpaid Balance Related Allowance Receivable Net of Allowance Independent Dealership Financing $ 667 $ — $ 667 $ 433 $ — $ 433 Other Notes Receivable 126 123 3 138 126 12 Total $ 793 $ 123 $ 670 $ 571 $ 126 $ 445

Note 17. Earnings Per Share (Ta

Note 17. Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended Nine Months Ended March 31 March 31 (Amounts in Thousands, Except for Per Share Data) 2018 2017 2018 2017 Net Income $ 5,850 $ 7,231 $ 24,185 $ 26,946 Average Shares Outstanding for Basic EPS Calculation 37,259 37,236 37,388 37,360 Dilutive Effect of Average Outstanding Compensation Awards 280 494 325 558 Average Shares Outstanding for Diluted EPS Calculation 37,539 37,730 37,713 37,918 Basic Earnings Per Share $ 0.16 $ 0.19 $ 0.65 $ 0.72 Diluted Earnings Per Share $ 0.16 $ 0.19 $ 0.64 $ 0.71

Note 2. Recent Accounting Pro43

Note 2. Recent Accounting Pronouncements and Supplemental Information - Goodwill and Other Intangible Assets Textuals (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Dec. 31, 2017	Jun. 30, 2017
Goodwill, Impairment Loss			$ 0
Goodwill	$ 8,824,000		8,824,000		$ 8,559,000	$ 0
Amortization of Intangible Assets	534,000	$ 277,000	1,280,000	$ 795,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	491,000		491,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,858,000		1,858,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,905,000		1,905,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,524,000		1,524,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,237,000		1,237,000
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	$ 5,867,000		$ 5,867,000
Software and Software Development Costs | Minimum
Finite-Lived Intangible Asset, Useful Life			2 years
Software and Software Development Costs | Maximum
Finite-Lived Intangible Asset, Useful Life			10 years
Customer Relationships
Finite-Lived Intangible Asset, Useful Life			20 years
Trade Names
Finite-Lived Intangible Asset, Useful Life			10 years
Non-Compete Agreements
Finite-Lived Intangible Asset, Useful Life			5 years

Note 2. Recent Accounting Pro44

Note 2. Recent Accounting Pronouncements and Supplemental Information - Textuals (Details)	9 Months Ended
	Mar. 31, 2018
Accounts Receivable, Customary Payment Terms	30 days
Accounts Receivable, Days Beyond Which Terms Are Considered Extended Payment Terms	30 days

Note 2. Recent Accounting Pro45

Note 2. Recent Accounting Pronouncements and Supplemental Information - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	$ 49,186	$ 38,080
Intangible Assets Accumulated Amortization	36,304	35,148
Finite-Lived Intangible Assets, Net Value	12,882	2,932
Capitalized Software
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	38,304	37,918
Intangible Assets Accumulated Amortization	35,721	34,986
Finite-Lived Intangible Assets, Net Value	2,583	2,932
Product Rights
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	162	162
Intangible Assets Accumulated Amortization	162	162
Finite-Lived Intangible Assets, Net Value	0	0
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	7,050	0
Intangible Assets Accumulated Amortization	264	0
Finite-Lived Intangible Assets, Net Value	6,786	0
Trade Names
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	3,570	0
Intangible Assets Accumulated Amortization	149	0
Finite-Lived Intangible Assets, Net Value	3,421	0
Non-Compete Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	100	0
Intangible Assets Accumulated Amortization	8	0
Finite-Lived Intangible Assets, Net Value	$ 92	$ 0

Note 2. Recent Accounting Pro46

Note 2. Recent Accounting Pronouncements and Supplemental Information - Components of Non-operating income (expense), net (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Other	$ (179)	$ (98)	$ (381)	$ (272)
Foreign Currency Loss	(18)	(14)	(31)	(28)
Gain (Loss) on Supplemental Employee Retirement Plan Investments	(8)	473	756	869
Non-operating income (expense), net	$ (205)	$ 361	$ 344	$ 569

Note 3. Acquisition Acquisition

Note 3. Acquisition Acquisition Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017	Nov. 06, 2017
Payments to Acquire Businesses, Gross			$ 17,800
Business Acquisition Adjustment for Working Capital			372
Business Combination, Contingent Consideration, Potential Earn-out	$ 2,200		2,200		$ 2,200
Contingent earn-out liability	1,400		1,400		$ 1,680
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			300
Net Sales	157,897	$ 153,068	501,088	$ 497,951
Net income	5,850	$ 7,231	24,185	$ 26,946
Business Acquisition, Transaction Costs	100		800
D'Style
Net Sales	4,800		7,600
Net income	$ 500		$ 500
Goodwill tax amortization period			15 years
Selling and Administrative Expenses
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 400
Interest Expense
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability			$ 100

Note 3. Acquisition Schedule of

Note 3. Acquisition Schedule of Purchase Price Allocation for Acquistion (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017
Assets [Abstract]
Receivables	$ 1,467
Inventories	1,455
Prepaid expenses and other current assets	1,120
Net property and equipment	184
Goodwill	8,824	$ 8,559	$ 0
Other intangible assets	10,720
Deferred tax assets	303
Acquisition, Assets Acquired	24,073
Liabilities [Abstract]
Accounts payable	804
Customer deposits	3,084
Accrued expenses	333
Acquisition, Liabilities Acquired	4,221
Total consideration paid	$ 19,852

Note 3. Acquisition Schedule 49

Note 3. Acquisition Schedule of Consideration for Acquisition (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Nov. 06, 2017
Business Acquisition, Contingent Consideration [Line Items]
Cash	$ 17,800	$ 0
Contingent earn-out — fair value at acquisition date	1,400		$ 1,680
Business Acquisition Adjustment for Working Capital	372
Fair value of total consideration	$ 19,852

Note 3. Acquisition Schedule 50

Note 3. Acquisition Schedule of Goodwill (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Jun. 30, 2017
Goodwill Disclosure [Abstract]
Goodwill	$ 8,824	$ 8,559	$ 0
Working capital adjustments	$ 265

Note 4. Income Taxes - Textuals

Note 4. Income Taxes - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%
Provision for Income Taxes	$ (2,658)	$ (4,207)	$ (13,197)	$ (15,221)
Effective Income Tax Rate Reconciliation, Percent	31.20%	36.80%	35.30%	36.10%
Federal Blended Rate
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			28.10%
Effect of Lower Blended Rate
Provision for Income Taxes	$ 400		$ 2,000
Impact Of Lower Tax Rate On Deferred Tax Assets
Provision for Income Taxes	$ 100		$ (1,900)

Note 5. Inventories - Inventory

Note 5. Inventories - Inventory Components (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Finished products	$ 27,699	$ 24,537
Work-in-process	1,195	1,346
Raw materials	24,167	25,368
Total FIFO inventory	53,061	51,251
LIFO reserve	(14,024)	(13,189)
Total inventory	$ 39,037	$ 38,062

Note 6. Accumulated Other Com53

Note 6. Accumulated Other Comprehensive Income - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	$ 1,327	$ 1,391	$ 1,115	$ 1,311
Other Comprehensive Income (Loss) before Reclassifications	53	119	353	375
Reclassification to (earnings) loss	(38)	(82)	(126)	(258)
Net current-period other comprehensive income (loss)	15	37	227	117
Accumulated Other Comprehensive Income at end of period	1,342	1,428	1,342	1,428
Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	(37)	(19)	(21)	0
Other Comprehensive Income (Loss) before Reclassifications	(4)	0	(22)	(19)
Reclassification to (earnings) loss	1	0	3	0
Net current-period other comprehensive income (loss)	(3)	0	(19)	(19)
Accumulated Other Comprehensive Income at end of period	(40)	(19)	(40)	(19)
Postemployment Benefits, Net Actuarial Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	1,364	1,410	1,136	1,311
Other Comprehensive Income (Loss) before Reclassifications	57	119	375	394
Reclassification to (earnings) loss	(39)	(82)	(129)	(258)
Net current-period other comprehensive income (loss)	18	37	246	136
Accumulated Other Comprehensive Income at end of period	$ 1,382	$ 1,447	$ 1,382	$ 1,447

Note 6. Accumulated Other Com54

Note 6. Accumulated Other Comprehensive Income - Reclassifications from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Reclassification Adjustment from Accumulated Other Comprehensive Income
Postemployment Benefits, Amortization of Actuarial Gain	$ 58	$ 134	$ 191	$ 422
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(38)	(82)	(126)	(258)
Cost of Sales
Reclassification Adjustment from Accumulated Other Comprehensive Income
Postemployment Benefits, Amortization of Actuarial Gain	37	85	124	268
Selling and Administrative Expenses
Reclassification Adjustment from Accumulated Other Comprehensive Income
Postemployment Benefits, Amortization of Actuarial Gain	21	49	67	154
Other Nonoperating Income (Expense)
Reclassification Adjustment from Accumulated Other Comprehensive Income
Available-for-sale Securities, Gross Realized Gain (Loss)	(1)	0	(4)	0
Provision for Income Taxes
Reclassification Adjustment from Accumulated Other Comprehensive Income
Available-for-sale Securities, Gross Realized Gain (Loss)	0	0	1	0
Postemployment Benefits, Amortization of Actuarial Gain	(19)	(52)	(62)	(164)
Net Income
Reclassification Adjustment from Accumulated Other Comprehensive Income
Available-for-sale Securities, Gross Realized Gain (Loss)	(1)	0	(3)	0
Postemployment Benefits, Amortization of Actuarial Gain	39	82	129	258
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 38	$ 82	$ 126	$ 258

Note 7. Commitments and Conti55

Note 7. Commitments and Contingent Liabilities - Commitments and Contingent Liabilities Textuals (Details)	9 Months Ended
	Mar. 31, 2018USD ($)
Government Contracts Concentration Risk
Guarantor Obligations
Concentration Risk, Percentage	7.90%
GSA Contract A
Guarantor Obligations
Concentration Risk, Percentage	5.40%
GSA Contract B
Guarantor Obligations
Concentration Risk, Percentage	2.50%
Financial Standby Letter of Credit
Guarantor Obligations
Letters of Credit, Amount	$ 1,400,000
Loss Contingency Accrual, at Carrying Value	0
Performance Guarantee
Guarantor Obligations
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 500,000

Note 7. Commitments and Conti56

Note 7. Commitments and Contingent Liabilities - Product Warranty (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Product Warranty Liability at the beginning of the period	$ 1,992	$ 2,351
Additions to warranty accrual (including changes in estimates)	1,043	437
Settlements made (in cash or in kind)	(773)	(807)
Product Warranty Liability at the end of the period	$ 2,262	$ 1,981

Note 8. Restructuring -Textuals

Note 8. Restructuring -Textuals (Details) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Sep. 30, 2016	Mar. 31, 2018	Mar. 31, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Gain	$ 0	$ 0	$ (1,832)	$ 0	$ (1,832)

Note 9. Assets Held for Sale T

Note 9. Assets Held for Sale Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2018	Mar. 31, 2017	Jun. 30, 2017
Long Lived Assets Held-for-sale [Line Items]
Assets held for sale			$ 281		$ 4,223
Gain (Loss) on Disposition of Property Plant Equipment		$ 400	(2,124)	$ (2,090)
Proceeds from sales of assets	$ 100		$ 5,660	$ 11,734
Held for Sale over-the-road tractors, trailers, and land
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sales of assets		$ 4,600

Note 10. Fair Value - Textuals

Note 10. Fair Value - Textuals (Details) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2018	Nov. 06, 2017	Jun. 30, 2017
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair Value, Transfers Between Levels, Amount	$ 0	$ 0
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0	0
Investment Owned, at Cost	2,000,000	2,000,000
Fair Value, Purchases of Level 3 Assets	0
Business Combination, Contingent Consideration, Potential Earn-out	2,200,000	2,200,000	$ 2,200,000
Contingent earn-out — fair value at acquisition date	1,400,000	1,400,000	$ 1,680,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		300,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out — fair value at acquisition date	1,417,000	1,417,000
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out — fair value at acquisition date	0	0
Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out — fair value at acquisition date	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cost Method Investments	500,000	500,000
Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out — fair value at acquisition date	1,417,000	1,417,000
Warrant | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Asset, Fair Value, Gross Asset	1,500,000	1,500,000		$ 1,500,000
Warrant | Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Asset, Fair Value, Gross Asset	0	0		0
Warrant | Fair Value, Inputs, Level 2 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Asset, Fair Value, Gross Asset	0	0		0
Warrant | Fair Value, Inputs, Level 3 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Derivative Asset, Fair Value, Gross Asset	$ 1,500,000	1,500,000		$ 1,500,000
Selling and Administrative Expenses
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		400,000
Interest Expense
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ 100,000

Note 10. Fair Value - Recurring

Note 10. Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Nov. 06, 2017	Jun. 30, 2017
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	$ 12,232		$ 11,194
Contingent earn-out liability	1,400	$ 1,680
Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Total assets at fair value	87,351		107,862
Contingent earn-out liability	1,417
Total liabilities at fair value	1,417
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Total assets at fair value	25,500		41,577
Contingent earn-out liability	0
Total liabilities at fair value	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Total assets at fair value	60,351		64,785
Contingent earn-out liability	0
Total liabilities at fair value	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Total assets at fair value	1,500		1,500
Contingent earn-out liability	1,417
Total liabilities at fair value	1,417
Warrant | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Derivative Asset, Fair Value, Gross Asset	1,500		1,500
Warrant | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Derivative Asset, Fair Value, Gross Asset	0		0
Warrant | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Derivative Asset, Fair Value, Gross Asset	0		0
Warrant | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Derivative Asset, Fair Value, Gross Asset	1,500		1,500
Money Market Funds | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Cash equivalents	13,268		30,383
Money Market Funds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Cash equivalents	13,268		30,383
Money Market Funds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Cash equivalents	0		0
Money Market Funds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Cash equivalents	0		0
Commercial Paper | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Cash equivalents	22,156		29,102
Commercial Paper | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Cash equivalents	0		0
Commercial Paper | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Cash equivalents	22,156		29,102
Commercial Paper | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Cash equivalents	0		0
Certificates of Deposit
Recurring Fair Value Measurements:
Available-for-sale Securities	13,501		10,336
Certificates of Deposit | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	13,501		10,336
Certificates of Deposit | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Available-for-sale Securities	0		0
Certificates of Deposit | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Available-for-sale Securities	13,501		10,336
Certificates of Deposit | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Available-for-sale Securities	0		0
Municipal Bonds
Recurring Fair Value Measurements:
Available-for-sale Securities	17,639		22,154
Municipal Bonds | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	17,639		22,154
Municipal Bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Available-for-sale Securities	0		0
Municipal Bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Available-for-sale Securities	17,639		22,154
Municipal Bonds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Available-for-sale Securities	0		0
US Treasury and Federal Agencies
Recurring Fair Value Measurements:
Available-for-sale Securities	7,055		3,193
US Treasury and Federal Agencies | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	7,055		3,193
US Treasury and Federal Agencies | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Available-for-sale Securities	0		0
US Treasury and Federal Agencies | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Available-for-sale Securities	7,055		3,193
US Treasury and Federal Agencies | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Available-for-sale Securities	0		0
Mutual Fund | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	12,232		11,194
Mutual Fund | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	12,232		11,194
Mutual Fund | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	0		0
Mutual Fund | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	$ 0		$ 0

Note 11. Investments - Schedule

Note 11. Investments - Schedule of Contractual Maturities on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Certificates of Deposit
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	$ 9,258
Available-for-sale Securities, Debt Maturities, Rolling Year Two	4,243
Available-for-sale Securities	13,501	$ 10,336
Municipal Bonds
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	15,095
Available-for-sale Securities, Debt Maturities, Rolling Year Two	2,544
Available-for-sale Securities	17,639	22,154
US Treasury and Federal Agency Securities
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	5,384
Available-for-sale Securities, Debt Maturities, Rolling Year Two	1,671
Available-for-sale Securities	$ 7,055	$ 3,193

Note 11. Investments - Unrealiz

Note 11. Investments - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 13,501	$ 10,334
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	2
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Available-for-sale Securities	13,501	10,336
Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	17,692	22,183
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(53)	(29)
Available-for-sale Securities	17,639	22,154
US Treasury and Federal Agency Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	7,062	3,200
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(7)	(7)
Available-for-sale Securities	$ 7,055	$ 3,193

Note 11. Investments - Suppleme

Note 11. Investments - Supplemental Employee Retirement Investments Textuals (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Schedule of Trading Securities and Other Trading Assets
Trading Securities, Change in net unrealized holding gains (losses)	$ 450	$ 533

Note 11. Investments - Supple64

Note 11. Investments - Supplemental Employee Retirement Plan Investments (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Schedule of Trading Securities and Other Trading Assets
SERP investments	$ 12,232	$ 11,194
SERP obligation	12,232	11,194
Short-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	3,105	1,259
SERP obligation	3,105	1,259
Other Long-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	9,127	9,935
SERP obligation	$ 9,127	$ 9,935

Note 11. Investments - Investme

Note 11. Investments - Investments - Non-Marketable Equity Securities Textuals (Details) $ in Millions	Mar. 31, 2018USD ($)
Investment Owned, at Cost	$ 2
Other Assets | Preferred Stock
Investment Owned, at Cost	$ 0.5

Note 12. Derivative Instrumen66

Note 12. Derivative Instruments - Textuals (Details) $ in Millions	Mar. 31, 2018USD ($)
Derivative [Line Items]
Investment Owned, at Cost	$ 2
Other Assets | Warrant
Derivative [Line Items]
Investment Owned, at Cost	$ 1.5

Note 13. Postemployment Benef67

Note 13. Postemployment Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Components of Net Periodic Benefit Cost (before tax):
Service cost	$ 132	$ 110	$ 398	$ 342
Interest cost	20	14	62	43
Amortization of actuarial income	(58)	(134)	(191)	(422)
Net periodic benefit cost (income)	$ 94	$ (10)	$ 269	$ (37)

Note 14. Stock Compensation - S

Note 14. Stock Compensation - Stock Compensation Textuals (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Allocated Share-based Compensation Expense	$ 0.8			$ 1.5	$ 3.3	$ 4.8
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 0.3			$ 0.6	$ 1.7	$ 1.9
Excess tax benefits from stock award vesting			$ 0.6
Minimum
Annual Performance Shares, Earned Percentage	0.00%				0.00%
Relative Total Shareholder Return, Earned Percentage	0.00%				0.00%
Maximum
Annual Performance Shares, Earned Percentage	200.00%				200.00%
Relative Total Shareholder Return, Earned Percentage	200.00%				200.00%
Annual Performance Shares
Stock Compensation, Shares Awarded	132	4,830	55,839
Annual Performance Shares | Maximum
Stock Compensation, Shares Awarded	121,602
Relative Total Shareholder Return
Stock Compensation, Shares Awarded			26,167
Relative Total Shareholder Return | Maximum
Stock Compensation, Shares Awarded	52,334

Note 14. Stock Compensation -69

Note 14. Stock Compensation - Stock Compensation Awards (Details) - $ / shares	3 Months Ended
	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017
Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	132	4,830	55,839
Stock Compensation, Grant Date Fair Value	$ 16.55		$ 16.52
Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded			26,167
Stock Compensation, Grant Date Fair Value			$ 21.21
Unrestricted Shares Director Compensation
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	9,344	9,237	10,055
Stock Compensation, Grant Date Fair Value	$ 18.72		$ 16.97
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	15,297	7,005	51,211
Stock Compensation, Grant Date Fair Value			$ 16.76
Minimum | Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		$ 17.63
Minimum | Unrestricted Shares Director Compensation
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		19.29
Minimum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	$ 18.67	17.91
Maximum | Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	121,602
Stock Compensation, Grant Date Fair Value		19.73
Maximum | Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	52,334
Maximum | Unrestricted Shares Director Compensation
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		20.72
Maximum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	$ 18.77	$ 18.11

Note 15. Variable Interest En70

Note 15. Variable Interest Entities -Textuals (Details) - Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2018	Jun. 30, 2017
Variable Interest Entity
Variable Interest Entity, Obligation to Provide Additional Funding, Amount	$ 0
Other Assets | Cost-method Investments
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	500	$ 500
Other Assets | Stock Warrant
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	1,500	1,500
Other Assets | Independent Dealership Financing | Notes Receivable
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	$ 700	$ 400

Note 16. Credit Quality and A71

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable - Textuals (Details) - USD ($)	Mar. 31, 2018	Jun. 30, 2017
Notes Receivable
Notes Receivable
Financing Receivable, Recorded Investment, Past Due	$ 0	$ 0

Note 16. Credit Quality and A72

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable - Credit Quality and Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Mar. 31, 2018	Jun. 30, 2017
Notes Receivable
Notes Receivable, Unpaid Balance	$ 793	$ 571
Notes Receivable, Related Allowance	123	126
Notes Receivable, Net of Allowance	670	445
Notes Receivable | Independent Dealership Financing
Notes Receivable
Notes Receivable, Unpaid Balance	667	433
Notes Receivable, Related Allowance	0	0
Notes Receivable, Net of Allowance	667	433
Notes Receivable | Other Notes Receivable
Notes Receivable
Notes Receivable, Unpaid Balance	126	138
Notes Receivable, Related Allowance	123	126
Notes Receivable, Net of Allowance	$ 3	$ 12

Note 17. Earnings Per Share Ear

Note 17. Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2018	Mar. 31, 2017	Mar. 31, 2018	Mar. 31, 2017
Net Income	$ 5,850	$ 7,231	$ 24,185	$ 26,946
Average Number of Shares Outstanding, Basic	37,259	37,236	37,388	37,360
Dilutive Effect of Average Outstanding Compensation Awards	280	494	325	558
Average Number of Shares Outstanding, Diluted	37,539	37,730	37,713	37,918
Basic Earnings Per Share	$ 0.16	$ 0.19	$ 0.65	$ 0.72
Diluted Earnings Per Share	$ 0.16	$ 0.19	$ 0.64	$ 0.71