Kimball International (KBAL) 10-Q 6 Nov 18 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	3 Months Ended
	Sep. 30, 2018	Oct. 18, 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	Sep. 30, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Document Information
Entity Common Stock, Shares Outstanding		263,735
Class B Common Stock
Document Information
Entity Common Stock, Shares Outstanding		36,656,648

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Current Assets:
Cash and cash equivalents	$ 42,643	$ 52,663
Short-term investments	41,359	34,607
Receivables, net of allowances of $1,637 and $1,317, respectively	59,862	62,276
Inventories	42,125	39,509
Prepaid expenses and other current assets	13,716	18,523
Assets held for sale	281	281
Total current assets	199,986	207,859
Property and Equipment, net of accumulated depreciation of $179,652 and $180,059, respectively	85,188	84,487
Goodwill	8,824	8,824
Other Intangible Assets, net of accumulated amortization of $37,215 and $36,757, respectively	12,325	12,607
Deferred Tax Assets	6,393	4,916
Other Assets	12,892	12,767
Total Assets	325,608	331,460
Current Liabilities:
Current maturities of long-term debt	25	23
Accounts payable	46,667	48,214
Customer Deposits	25,536	21,253
Dividends payable	3,062	2,662
Accrued expenses	35,903	50,586
Total current liabilities	111,193	122,738
Other Liabilities:
Long-term debt, less current maturities	136	161
Other	15,595	15,537
Total other liabilities	15,731	15,698
Common stock-par value $0.05 per share:
Additional paid-in capital	1,431	1,881
Retained earnings	257,825	249,945
Accumulated other comprehensive income	1,788	1,816
Less: Treasury stock, at cost, 5,977,000 shares and 5,901,000 shares, respectively	(64,511)	(62,769)
Total Shareowners’ Equity	198,684	193,024
Total Liabilities and Shareowners’ Equity	325,608	331,460
Class A Common Stock
Common stock-par value $0.05 per share:
Common Stock	13	13
Class B Common Stock
Common stock-par value $0.05 per share:
Common Stock	$ 2,138	$ 2,138

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) Parentheticals - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
ASSETS
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 1,637	$ 1,317
Property and Equipment Accumulated Depreciation	179,652	180,059
Intangible Assets Accumulated Amortization	$ 37,215	$ 36,757
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	264,000	264,000
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	42,761,000	42,761,000
Treasury Stock, Shares	5,977,000	5,901,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Net Sales	$ 194,123	$ 175,360
Cost of Sales	128,250	111,353
Gross Profit	65,873	64,007
Selling and Administrative Expenses	52,179	48,050
Operating Income	13,694	15,957
Other Income (Expense):
Interest income	419	234
Interest expense	(50)	(31)
Non-operating income (expense), net	327	286
Other income (expense), net	696	489
Income Before Taxes on Income	14,390	16,446
Provision for Income Taxes	3,514	5,489
Net Income	$ 10,876	$ 10,957
Earnings Per Share of Common Stock:
Basic Earnings Per Share	$ 0.29	$ 0.29
Diluted Earnings Per Share	0.29	0.29
Dividends Per Share of Common Stock
Dividends Per Share of Common Stock	$ 0.08	$ 0.07
Class A and B Common Stock:
Average Number of Shares Outstanding, Basic	37,109	37,428
Average Number of Shares Outstanding, Diluted	37,392	37,733

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Net income	$ 10,876	$ 10,957
Other comprehensive income (loss):
Available-for-sale securities, Pre-tax	(26)	14
Available-for-sale securities, Tax	7	(5)
Available-for-sale securities, Net of Tax	(19)	9
Postemployment severance actuarial change, Pre-tax	80	267
Postemployment severance actuarial change, Tax	(20)	(104)
Postemployment severance actuarial change, Net of Tax	60	163
Derivative gain (loss), Pre-tax	(9)	0
Derivative gain (loss), Tax	2	0
Derivative gain (loss), Net of Tax	(7)	0
Reclassification to (earnings) loss:
Derivatives, Pre-tax	16	0
Derivatives, Tax	(4)	0
Derivatives, Net of Tax	12	0
Amortization of actuarial change, Pre-tax	(99)	(67)
Amortization of actuarial change, Tax	25	26
Amortization of actuarial change, Net of Tax	(74)	(41)
Other comprehensive income (loss), Pre-tax	(38)	214
Other comprehensive income (loss), Tax	10	(83)
Other comprehensive income (loss), Net of Tax	(28)	131
Total comprehensive income	$ 10,848	$ 11,088

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Cash Flows From Operating Activities:
Net income		$ 10,876	$ 10,957
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		4,107	3,668
Gain on sales of assets		(1,128)	(436)
Deferred income tax and other deferred charges		(1,456)	(1,976)
Stock-based compensation		1,945	1,536
Other, net		(867)	(100)
Change in operating assets and liabilities:
Receivables		2,414	(400)
Inventories		(2,616)	(3,258)
Prepaid expenses and other current assets		4,341	480
Accounts payable		(556)	2,794
Customer deposits		4,283	563
Accrued expenses		(14,222)	(6,803)
Net cash provided by operating activities		7,121	7,025
Cash Flows From Investing Activities:
Capital expenditures		(4,531)	(6,408)
Proceeds from sales of assets		1,196	5,405
Purchases of capitalized software		(193)	(187)
Purchases of available-for-sale securities		(16,842)	(6,991)
Maturities of available-for-sale securities		9,963	8,977
Other, net		26	(69)
Net cash (used for) provided by investing activities		(10,381)	727
Cash Flows From Financing Activities:
Net change in capital leases and long-term debt		(23)	1
Dividends paid to shareowners		(2,595)	(2,234)
Repurchases of Common Stock		(3,300)	(1,746)
Repurchase of employee shares for tax withholding		(840)	(2,426)
Net cash used for financing activities		(6,758)	(6,405)
Net (Decrease) Increase in Cash, Cash Equivalents, and Restricted Cash (1)	[1]	(10,018)	1,347
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (1)	[1]	53,321	63,088
Cash, Cash Equivalents, and Restricted Cash at End of Period (1)	[1]	43,303	64,435
Cash paid during the period for:
Income taxes		24	938
Interest expense		$ 40	$ 31
[1]	The restricted cash included in other assets on the balance sheet represents amounts pledged as collateral for a long-term financing arrangement as contractually required by a lender. The restriction will lapse when the related long-term debt is paid off. Beginning in the second quarter of fiscal year 2018, restricted cash also included customer deposits held due to a foreign entity being classified as a restricted entity by a government agency subsequent to our receipt of the deposit.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) Cash Reconciliation - USD ($) $ in Thousands		Sep. 30, 2018	Jun. 30, 2018	Sep. 30, 2017	Jun. 30, 2017
Cash and cash equivalents		$ 42,643	$ 52,663	$ 64,250	$ 62,882
Restricted Cash		660	658	185	206
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	[1]	$ 43,303	$ 53,321	$ 64,435	$ 63,088
[1]	The restricted cash included in other assets on the balance sheet represents amounts pledged as collateral for a long-term financing arrangement as contractually required by a lender. The restriction will lapse when the related long-term debt is paid off. Beginning in the second quarter of fiscal year 2018, restricted cash also included customer deposits held due to a foreign entity being classified as a restricted entity by a government agency subsequent to our receipt of the deposit.

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Shareowners' Equity (unaudited) Statement - USD ($) $ in Thousands	Total	Common StockClass A Common Stock	Common StockClass B Common Stock	Additional Paid-in Capital	Retained Earnings	AOCI Attributable to Parent	Treasury Stock
Shareowners’ Equity at Jun. 30, 2017	$ 176,204	$ 14	$ 2,137	$ 2,971	$ 230,763	$ 1,115	$ (60,796)
Net Income	10,957				10,957
Other Comprehensive Income (Loss), Net of Tax	131					131
Issuance of non-restricted stock (12,000 shares in 2018, 10,000 shares in 2017)	2			(251)			253
Compensation expense related to stock incentive plans	1,536			1,536
Performance share issuance (81,000 shares in 2018, 226,000 shares in 2017)	(2,102)			(2,261)	(4,463)		4,622
Relative total shareholder return performance units issuance (27,000 shares in 2018, 38,000 shares in 2017)	(326)			(1,283)			957
Repurchase of Common Stock (196,000 shares in 2018, 105,000 shares in 2017)	(1,746)						(1,746)
Dividends declared ($0.08 per share in 2018, $0.07 per share in 2017)	(2,641)				(2,641)
Shareowners’ Equity at Sep. 30, 2017	182,015	14	2,137	712	234,616	1,246	(56,710)
Shareowners’ Equity at Jun. 30, 2018	193,024	13	2,138	1,881	249,945	1,816	(62,769)
Net Income	10,876				10,876
Other Comprehensive Income (Loss), Net of Tax	(28)					(28)
Issuance of non-restricted stock (12,000 shares in 2018, 10,000 shares in 2017)	(12)			(163)			151
Compensation expense related to stock incentive plans	1,945			1,945
Performance share issuance (81,000 shares in 2018, 226,000 shares in 2017)	(652)			(1,709)			1,057
Relative total shareholder return performance units issuance (27,000 shares in 2018, 38,000 shares in 2017)	(173)			(523)			350
Repurchase of Common Stock (196,000 shares in 2018, 105,000 shares in 2017)	(3,300)						(3,300)
Dividends declared ($0.08 per share in 2018, $0.07 per share in 2017)	(2,996)				(2,996)
Shareowners’ Equity at Sep. 30, 2018	$ 198,684	$ 13	$ 2,138	$ 1,431	$ 257,825	$ 1,788	$ (64,511)

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Shareowners' Equity (unaudited) Shareowners' Equity Parentheticals - $ / shares	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Issuance of non-restricted stock, Shares	12,000	10,000
Performance Share Issuance, Shares	81,000	226,000
Treasury Stock, Shares, Acquired	196,000	105,000
Vesting of relative total shareholder return performance units, Shares	27,000	38,000
Dividends Per Share of Common Stock	$ 0.08	$ 0.07

Note 1. Basis of Presentation

Note 1. Basis of Presentation	3 Months Ended
	Sep. 30, 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. Prior Period Reclassifications Our prior period financial statements were recast for the full retrospective adoption of guidance on the recognition of revenue from contracts with customers. Certain prior period amounts on the Condensed Consolidated Statements of Cash Flows have also been recast to incorporate restricted cash flows and restricted cash balances, as a result of the retrospective adoption of new accounting guidance.

Note 2. Recent Accounting Prono

Note 2. Recent Accounting Pronouncements and Supplemental Information	3 Months Ended
	Sep. 30, 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 August 2018, the Securities and Exchange Commission adopted disclosure and simplification amendments which update certain disclosure requirements that were redundant, duplicative, overlapping, outdated, or superseded. The amendments require a shareowners’ equity statement provided in interim financial statements or in a note. The adoption resulted in the addition of an interim Condensed Consolidated Statements of Shareowners’ Equity. In June 2018, the Financial Accounting Standards Board (“FASB”) issued guidance to improve the accounting for and to reduce the cost and complexity of share-based payments to nonemployees for goods and services. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted, but it may not be adopted earlier than our adoption of the new revenue standard. We early adopted the guidance in our first quarter of fiscal year 2019 in advance of the October 2018 retirement of our Chief Executive Officer and Chairman of our Board of Directors, who will have stock compensation awards vesting after his retirement. The adoption did not have a material effect on our first quarter of fiscal year 2019 condensed 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 was adopted during our first quarter of fiscal year 2019 and was applied prospectively to awards modified on or after the adoption date. The adoption of the guidance did not have a material effect on our condensed 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. Due to the immaterial amounts in prior periods we did not apply the rule retrospectively. The guidance was adopted during our first quarter of fiscal year 2019 and did not have a material effect on our condensed 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 was adopted during our first quarter of fiscal year 2019 concurrently with the adoption of the guidance on recognition of revenue from contracts with customers. The adoption of this guidance did not have a material impact on our condensed 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 was adopted during our first quarter of fiscal year 2019 and was applied retrospectively to each prior reporting period. The guidance resulted in certain prior period amounts being reclassified to conform with the current period presentation, including the addition of restricted cash to cash and cash equivalents on the Condensed Consolidated Statements of Cash Flows. 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 was adopted during our first quarter of fiscal year 2019 and did not have a material effect on our condensed 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 made the guidance effective for our first quarter of fiscal year 2019 financial statements using either of two acceptable adoption methods: (i) full 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 clarified assessing whether an entity is a principal or an agent in a revenue transaction, and impacted whether an entity reports revenue on a gross or net basis; in April 2016, the FASB issued additional guidance that addressed identifying performance obligations and implementing licensing guidance; and in May 2016, the FASB issued additional guidance that clarified collectability, noncash consideration, and other transition issues. The amendments had the same effective date and transition requirements as the new revenue standard. We adopted the standard at the beginning of fiscal year 2019 using the full retrospective approach which required that we recast prior year comparative periods to provide comparable financial reporting for all reported fiscal years. All changes required by the new standard, including accounting policies, controls, and disclosures, have been identified and implemented as of the beginning of fiscal 2019. We applied the transition practical expedient related to remaining performance obligations for reporting periods presented before the date of initial application. See Note 4 - Revenue in the Notes to Condensed Consolidated Financial Statements for more information on revenue recognition. Recently Issued Accounting Pronouncements Not Yet Adopted: In August 2018, the FASB issued guidance on a customer’s accounting for implementation, set-up, and other upfront costs incurred in a cloud computing arrangement that is hosted by the vendor. Under the new guidance, customers will apply the same criteria for capitalizing implementation costs as they would for an arrangement that has a software license. The guidance is effective for our first quarter of fiscal year 2021 with early adoption permitted. Entities can choose to adopt the guidance prospectively to eligible costs incurred on or after the date this guidance is first applied or retrospectively. We have not yet determined the effect of this guidance on our condensed consolidated financial statements. In August 2018, the FASB issued guidance to add, remove, and clarify disclosure requirements related to defined pension benefit and other postretirement plans. The guidance is effective for our first quarter of fiscal year 2021 with early adoption permitted and should be applied retrospectively. We have not yet determined the effect of this guidance on our condensed consolidated financial statements. In August 2018, the FASB issued guidance which changes the fair value measurement disclosure requirements. The guidance modifies and removes certain disclosures related to the fair value hierarchy, and adds new disclosure requirements such as disclosing the changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The guidance is effective for our first quarter of fiscal year 2021 with early adoption permitted and should be applied retrospectively except for certain disclosures. We have not yet determined the effect of this guidance on our condensed 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 condensed 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 condensed 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. In July 2018, the FASB amended the new standard to clarify certain aspects of the guidance, and also issued another standard that allows the option to apply the provisions of the leasing standard at the adoption date instead of at the earliest comparative period in the condensed consolidated financial statements. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted. We expect to utilize the option to not retrospectively adjust prior comparative periods. We are currently evaluating the impact of this guidance but have not yet determined the effect on our condensed consolidated financial statements. 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. Goodwill is assigned to and the fair value is tested at the reporting unit level. 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 which compares the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. Under the quantitative assessment, if the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. 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 the three months ended September 30, 2018 , no goodwill impairment was recognized. During fiscal year 2018, we recorded $8.8 million and $10.7 million , respectively, in goodwill and other intangible assets from the acquisition of D’style, Inc. See Note 3 - Acquisition in the 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: September 30, 2018 June 30, 2018 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Capitalized Software $ 38,658 $ 36,134 $ 2,524 $ 38,482 $ 35,922 $ 2,560 Product Rights 162 162 — 162 162 — Customer Relationships 7,050 574 6,476 7,050 422 6,628 Trade Names 3,570 327 3,243 3,570 238 3,332 Non-Compete Agreements 100 18 82 100 13 87 Other Intangible Assets $ 49,540 $ 37,215 $ 12,325 $ 49,364 $ 36,757 $ 12,607 Amortization expense related to intangible assets was, in thousands, $475 and $295 during the three months ended September 30, 2018 and 2017 , respectively. Amortization expense in future periods is expected to be, in thousands, $1,435 for the remainder of fiscal year 2019, and $1,997 , $1,613 , $1,272 , and $1,044 in the four years ending June 30, 2023, and $4,964 thereafter. The estimated useful life of internal-use software ranges from 3 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. Trade names, non-compete agreements, and product rights to produce and sell certain products 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, amortization of actuarial income, 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 September 30 (Amounts in Thousands) 2018 2017 Gain on Supplemental Employee Retirement Plan Investments $ 371 $ 351 Other (44 ) (65 ) Non-operating income, net $ 327 $ 286

Note 3. Acquisition (Notes)

Note 3. Acquisition (Notes)	3 Months Ended
	Sep. 30, 2018
Acquisition [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Acquisition On November 6, 2017, we acquired certain assets of D’style, Inc. (“D’style”) and all of the capital stock of Diseños de Estilo S.A. de C.V. headquartered in Tijuana, Mexico, a member of the D’style group which manufactures exclusively for D’style, strengthening our North American manufacturing footprint. The purchase price allocation did not change from the amounts disclosed in our Annual Report on Form 10-K for the fiscal year ended June 30, 2018, and is final as of September 30, 2018. The portion of the earn-out related to fiscal year 2018 performance totaling $0.4 million was paid during our quarter ended September 30, 2018 which reduced the fair value earn-out liability as of June 30, 2018 from $1.1 million to $0.7 million as of September 30, 2018. The remaining earn-out is contingent based upon fiscal year 2019 D’style, Inc. operating income compared to a predetermined target.

Note 4. Revenue (Notes)

Note 4. Revenue (Notes)	3 Months Ended
	Sep. 30, 2018
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue We adopted new accounting guidance on the recognition of revenue from contracts with customers at the beginning of fiscal year 2019 using the full retrospective approach and adjusted fiscal year 2018 to provide comparable financial reporting for all reported fiscal years. The primary impact of the new revenue standard was a reclassification of certain items on the statement of income. For contracts involving products that are sold directly to end customers, fees paid to dealer agents for facilitating the sale and performing certain services are recognized as either cost of sales or selling expense rather than being netted against revenue. In addition, any commissions or fees paid to third-party purchasing organizations are recognized as a selling expense rather than being netted against revenue. The result of these changes was increases in net sales, cost of sales, and selling expenses. On a net basis these changes had no impact to operating income dollars but did reduce operating income as a percent of net sales. The new standard also required 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 sales contracts. There was no cumulative effect of adopting the standard at the date of initial application in retained earnings. The following tables present the effects of the adoption of the new standard on prior period financial statements: Impact to Condensed Consolidated Statements of Income Three Months Ended September 30, 2017 (Amounts in Thousands) As Originally Reported Adoption of New Revenue Standard As Adjusted Net Sales $ 169,517 $ 5,843 $ 175,360 Cost of Sales 109,928 1,425 111,353 Gross Profit 59,589 4,418 64,007 Selling and Administrative Expenses 43,632 4,418 48,050 Operating Income 15,957 — 15,957 Operating Income as of Percent of Net Sales 9.4 % 9.1 % Impact to Condensed Consolidated Balance Sheet As of June 30, 2018 (Amounts in Thousands) As Originally Reported Adoption of New Revenue Standard As Adjusted Receivables, net of allowances $ 60,984 $ 1,292 $ 62,276 Accrued Expenses 49,294 1,292 50,586 Performance Obligations Revenue is measured as the amount of consideration we expect to receive in exchange for transferring distinct goods or providing services to customers. Our revenue consists substantially of product sales, and is reported net of sales discounts, rebates, incentives, returns, and other allowances offered to customers. We recognize revenue when performance obligations under the terms of contracts with our customers are satisfied, which occurs when control passes to a customer to enable them to direct the use of and obtain benefit from a product. This typically occurs when a customer obtains legal title, obtains the risks and rewards of ownership, has received the goods according to the contractual shipping terms either at the shipping point or destination, and is obligated to pay for the product. Customary terms require payment within 30 days , and for certain customers, deposits may be required in advance of shipment. We sell products both to independent dealers and directly to end customers. Sales to independent dealers typically include products only, as the independent dealer provides additional value-added services to end customers. Direct sales to end customers include products and may include related services such as installation and design services. These services are distinct from the delivered products within the context of the contract, and therefore revenue is recognized for products, installation, and design on a discrete basis. The performance of services may be outsourced to independent dealers or other third parties, but we typically retain the primary responsibility for performance of the services when selling directly to end customers. For services, revenue is recognized when the service is performed and we have an enforceable right to payment. Service revenue does not represent a significant portion of our total sales. We provide an assurance-type warranty that guarantees our product complies with agreed-upon specifications. This warranty is not sold separately and does not convey any additional services to the customer; therefore, our warranty is not considered a separate performance obligation. We estimate the costs that may be incurred under warranties and record a liability at the time product revenue is recognized. See Note 8 - Commitments and Contingent Liabilities in the Notes to Condensed Consolidated Financial Statements for additional information on warranty obligations. Disaggregation of Revenue The following table provides information about revenue by vertical market: Three Months Ended September 30 (Amounts in Millions) 2018 2017 Commercial $ 56.6 $ 52.3 Education 34.6 31.7 Finance 18.2 13.2 Government 17.1 27.5 Healthcare 24.4 20.4 Hospitality 43.2 30.3 Total Net Sales $ 194.1 $ 175.4 We report revenue under a single aggregated reportable segment consisting of three operating segments which have similar products and services in nature, utilize similar production and distribution processes, and share similar long-term economic characteristics. Contract Balances We have contract assets reported as Receivables in the Condensed Consolidated Balance Sheets, which represent the amount of consideration to which we are entitled in exchange for the goods or services sold to our customers, net of allowances for doubtful accounts. Receivables are recorded when the right to consideration from the customer becomes unconditional, which is generally upon billing or upon satisfaction of a performance obligation, whichever is earlier. During the three months ended September 30, 2018 and 2017, impairment losses on doubtful accounts receivable, where collectability is not reasonably assured, were $0.5 million and $0.2 million , respectively. We also receive deposits from certain customers before revenue is recognized, resulting in the recognition of a contract liability reported as Customer Deposits in the Condensed Consolidated Balance Sheets. Changes in the customer deposits during the three months ended September 30, 2018 are as follows: (Amounts in Millions) Customer Deposits Balance as of June 30, 2018 $ 21.3 Increases due to deposits received, net of other adjustments 30.2 Revenue recognized (26.0 ) Balance as of September 30, 2018 $ 25.5 Customer deposits are typically utilized within a year of the receipt of the deposit. The amount of revenue recognized during the three months ended September 30, 2018 that was included in the June 30, 2018 customer deposit balance was $16.7 million . The amount of revenue recognized during the three months ended September 30, 2017 that was included in the June 30, 2017 customer deposit balance was $15.0 million . Additionally, we have contract assets representing funds paid to certain independent dealers in exchange for their multi-year commitment to market and sell our product. These incremental costs of obtaining contracts are capitalized to the extent we expect to recover them, with $0.3 million reported in Prepaid Expenses and Other Current Assets and $0.3 million reported in Other Assets in the Condensed Consolidated Balance Sheets as of both September 30, 2018 and June 30, 2018. The capitalized costs are amortized over the term of the contract. Amortization expense recognized in Selling and Administrative Expenses was $0.1 million for both the three months ended September 30, 2018 and 2017. Significant Judgments We use significant judgment in estimating the reduction in net sales driven by customer rebate and incentive programs. Judgments primarily include an estimate of the most likely sales levels to be achieved and the corresponding rebate and incentive amounts expected to be earned by dealers and salespersons. In the three months ended September 30, 2018 and 2017, we had an immaterial amount of adjustments to estimates for cumulative growth rebates and incentives that related to the preceding fiscal years. We also use judgment in estimating a reserve for returns and allowances recorded at the time of the sale, resulting in a reduction of revenue, based on estimated product returns and price concessions. Accounting Policies and Practical Expedients Elected For shipping and handling activities, we are applying an accounting policy election which allows an entity to account for shipping and handling activities as fulfillment activities rather than a promised good or service when the activities are performed, even if those activities are performed after the control of the good has been transferred to the customer. Therefore, we expense shipping and handling costs at the time revenue is recognized. We classify shipping and handling expenses in Cost of Sales in the Condensed Consolidated Statements of Income. We are also applying an accounting policy election which allows an entity to exclude from revenue any amounts collected from customers on behalf of third parties, such as sales taxes and other similar taxes we collect concurrent with revenue-producing activities. Therefore, we present revenue net of sales taxes and similar revenue-based taxes. For incremental costs of obtaining a contract, we elected a practical expedient which permits an entity to recognize incremental costs to obtain a contract as an expense when incurred if the amortization period is less than one year. This election had an immaterial effect on our financial statements. For significant financing components, we elected a practical expedient which allows an entity to recognize the promised amount of consideration without adjusting for the time value of money if the contract has a duration of one year or less, or if the reason the contract extended beyond one year is because the timing of delivery of the product is at the customer’s discretion. As our contracts typically are less than one year in length and do not have significant financing components, we have not presented revenue on a present value basis.

Note 5. Income Taxes (Notes)

Note 5. Income Taxes (Notes)	3 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes On December 22, 2017, the Tax Cuts and Jobs Act (“Tax Act”) was signed into law. The Tax Act 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 was phased in, resulting in a blended U.S. federal statutory tax rate of 28.1% for our fiscal year ended June 30, 2018, and 21% for fiscal year 2019. Prior to the effective date of the Tax Act, the U.S. federal statutory tax rate was 35% . 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 rate of 24.4% for the three months ended September 30, 2018 was lower than the effective tax rate of 33.4% for the three months ended September 30, 2017 , primarily due to the benefits of the Tax Act. Our effective tax rate for the three months ended September 30, 2018 approximated the combined federal and state statutory tax rate, and our effective tax rate for the three months ended September 30, 2017 was lower than the combined federal and state statutory tax rate primarily due to excess tax benefits from stock award vesting.

Note 6. Inventories

Note 6. Inventories	3 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Inventory Disclosure	Inventories Inventory components were as follows: (Amounts in Thousands) September 30, 2018 June 30, Finished products $ 26,345 $ 23,756 Work-in-process 1,286 1,378 Raw materials 30,183 29,158 Total FIFO inventory 57,814 54,292 LIFO reserve, net (15,689 ) (14,783 ) Total inventory $ 42,125 $ 39,509 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 month periods ended September 30, 2018 and 2017 was immaterial.

Note 7. Accumulated Other Compr

Note 7. Accumulated Other Comprehensive Income	3 Months Ended
	Sep. 30, 2018
Accumulated Other Comprehensive Income [Abstract]
Accumulated Comprehensive Income	Accumulated Other Comprehensive Income During the three months ended September 30, 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) Derivative Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2018 $ (31 ) $ 1,854 $ (7 ) $ 1,816 Other comprehensive income (loss) before reclassifications (19 ) 60 (7 ) 34 Reclassification to (earnings) loss — (74 ) 12 (62 ) Net current-period other comprehensive income (loss) (19 ) (14 ) 5 (28 ) Balance at September 30, 2018 $ (50 ) $ 1,840 $ (2 ) $ 1,788 Balance at June 30, 2017 $ (21 ) $ 1,136 $ — $ 1,115 Other comprehensive income (loss) before reclassifications 9 163 — 172 Reclassification to (earnings) loss — (41 ) — (41 ) Net current-period other comprehensive income (loss) 9 122 — 131 Balance at September 30, 2017 $ (12 ) $ 1,258 $ — $ 1,246 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 Affected Line Item in the Condensed Consolidated Statements of Income September 30, (Amounts in Thousands) 2018 2017 Derivative Gain (Loss) (1) $ (16 ) $ — Non-operating income (expense), net 4 — Benefit (Provision) for Income Taxes $ (12 ) $ — Net Income Postemployment Benefits amortization of actuarial gain (2) $ — $ 44 Cost of Sales — 23 Selling and Administrative Expenses 99 — Non-operating income (expense), net (25 ) (26 ) Benefit (Provision) for Income Taxes 74 41 Net Income Total Reclassifications for the Period $ 62 $ 41 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 12 - Derivative Instruments in the Notes to Condensed Consolidated Financial Statements for further information on derivative instruments. (2) See Note 13 - Postemployment Benefits in the Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans.

Note 8. Commitments and Conting

Note 8. Commitments and Contingent Liabilities	3 Months Ended
	Sep. 30, 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 September 30, 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 September 30, 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 condensed consolidated financial statements. Accordingly, no liability has been recorded as of September 30, 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 provide an assurance-type warranty that guarantees our product complies with agreed-upon specifications. This warranty is not sold separately and does not convey any additional services to the customer. 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 three months ended September 30, 2018 and 2017 were as follows: Three Months Ended September 30 (Amounts in Thousands) 2018 2017 Product Warranty Liability at the beginning of the period $ 2,294 $ 1,992 Additions to warranty accrual (including changes in estimates) 343 313 Settlements made (in cash or in kind) (318 ) (146 ) Product Warranty Liability at the end of the period $ 2,319 $ 2,159

Note 9. Earnings Per Share (Not

Note 9. Earnings Per Share (Notes)	3 Months Ended
	Sep. 30, 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 September 30 (Amounts in Thousands, Except for Per Share Data) 2018 2017 Net Income $ 10,876 $ 10,957 Average Shares Outstanding for Basic EPS Calculation 37,109 37,428 Dilutive Effect of Average Outstanding Compensation Awards 283 305 Average Shares Outstanding for Diluted EPS Calculation 37,392 37,733 Basic Earnings Per Share $ 0.29 $ 0.29 Diluted Earnings Per Share $ 0.29 $ 0.29

Note 10. Fair Value

Note 10. Fair Value	3 Months Ended
	Sep. 30, 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 three months ended September 30, 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, 2018 . We hold a total investment of $2.0 million in a privately-held company, consisting of $0.5 million in equity securities without readily determinable fair value and $1.5 million in stock warrants. The investment in equity securities without readily determinable fair value is classified as a Level 3 financial asset, 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 in the Notes to Condensed Consolidated Financial Statements for further information regarding the investment in equity securities without readily determinable fair value, and Note 12 - Derivative Instruments in the 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 September 30, 2018. Related to the prior year acquisition of D'style, 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. The fair value of the contingent earn-out liability as of June 30, 2018 of $1.1 million was reduced to $0.7 million as of September 30, 2018 due to payment of $0.4 million for the earn-out relating to fiscal year 2018. During the quarter ended September 30, 2018, there was no adjustment for the contingent earn-out liability that is based upon fiscal year 2019 D’style, Inc. operating income compared to a predetermined target for the fiscal year. 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, if any, as well as positive and negative qualitative evidence, in the assessment of fair value. Derivative Liability: Foreign exchange contracts 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. 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 September 30, 2018 and June 30, 2018 , 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) September 30, 2018 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 15,260 $ — $ — $ 15,260 Cash equivalents: Commercial paper — 24,048 — 24,048 Available-for-sale securities: Secondary market certificates of deposit — 12,599 — 12,599 Available-for-sale securities: Municipal bonds — 11,313 — 11,313 Available-for-sale securities: U.S. Treasury and federal agencies — 17,447 — 17,447 Trading Securities: Mutual funds in nonqualified SERP 12,500 — — 12,500 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 27,760 $ 65,407 $ 1,500 $ 94,667 Liabilities Derivatives: Foreign exchange contracts $ — $ 3 $ — $ 3 Contingent earn-out liability — — 655 655 Total liabilities at fair value $ — $ 3 $ 655 $ 658 (Amounts in Thousands) June 30, 2018 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 24,407 $ — $ — $ 24,407 Cash equivalents: Commercial paper — 25,918 — 25,918 Available-for-sale securities: Secondary market certificates of deposit — 11,850 — 11,850 Available-for-sale securities: Municipal bonds — 16,508 — 16,508 Available-for-sale securities: U.S. Treasury and federal agencies — 6,249 — 6,249 Trading Securities: Mutual funds in nonqualified SERP 12,114 — — 12,114 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 36,521 $ 60,525 $ 1,500 $ 98,546 Liabilities Derivatives: Foreign exchange contracts $ — $ 10 $ — $ 10 Contingent earn-out liability — — 1,056 1,056 Total liabilities at fair value $ — $ 10 $ 1,056 $ 1,066 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 in the 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. Equity securities without readily determinable fair value 3 Cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Impairment is assessed qualitatively. On a periodic basis, but no less frequently than quarterly, the investment in equity securities without readily determinable fair value is qualitatively 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 investment exceeds its fair value would be recorded as an impairment loss. See Note 11 - Investments in the Notes to Condensed Consolidated Financial Statements for the carrying amount of this investment. 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	3 Months Ended
	Sep. 30, 2018
Investments [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure	Investments Investment Portfolio: Our investment portfolio consists 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): September 30, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Within one year $ 9,521 $ 10,404 $ 10,031 After one year through two years 3,078 909 7,416 Total Fair Value $ 12,599 $ 11,313 $ 17,447 All investments are classified as available-for-sale securities which are recorded at fair value. See Note 10 - Fair Value in the 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. September 30, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 12,599 $ 11,338 $ 17,489 Unrealized holding gains — — — Unrealized holding losses — (25 ) (42 ) Fair Value $ 12,599 $ 11,313 $ 17,447 June 30, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 11,850 $ 16,532 $ 6,266 Unrealized holding gains — — — Unrealized holding losses — (24 ) (17 ) Fair Value $ 11,850 $ 16,508 $ 6,249 An immaterial amount of investments were in a continuous unrealized loss position for greater than twelve months as of September 30, 2018 . There were no realized gains or losses as a result of sales in the three months ended September 30, 2018 and September 30, 2017 . 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 three months ended September 30, 2018 and 2017 were, in thousands, $344 and $299 , respectively. SERP asset and liability balances were as follows: (Amounts in Thousands) September 30, June 30, SERP investments - current asset $ 3,402 $ 3,868 SERP investments - other long-term asset 9,098 8,246 Total SERP investments $ 12,500 $ 12,114 SERP obligation - current liability $ 3,402 $ 3,868 SERP obligation - other long-term liability 9,098 8,246 Total SERP obligation $ 12,500 $ 12,114 Equity securities without readily determinable fair value: We hold a total investment of $2.0 million in a privately-held company, including $0.5 million in equity securities without readily determinable fair value. The investment in equity securities without readily determinable fair value is included in the Other Assets line of the Condensed Consolidated Balance Sheets. See Note 10 - Fair Value in the 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	3 Months Ended
	Sep. 30, 2018
Derivative Instruments [Abstract]
Derivative Instruments and Hedging Activities Disclosure	Derivative Instruments Foreign Exchange Contracts: We operate internationally and are therefore exposed to foreign currency exchange rate fluctuations in the normal course of our business. As of September 30, 2018 , we had outstanding foreign exchange contracts to hedge currencies against the U.S. dollar in the aggregate notional amount of $87 thousand . The notional amount is an indicator of the volume of derivative activities but is not an indicator of the potential gain or loss on the derivatives. The impact on earnings was immaterial for the quarter ended September 30, 2018 . 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 September 30, 2018 , the change in fair value of the stock warrants was not significant. See Note 10 - Fair Value in the Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities. Information on the location and amounts of derivative fair values in the Consolidated Balance Sheets are presented below. Fair Values of Derivative Instruments on the Condensed Consolidated Balance Sheets Asset Derivatives Liability Derivatives Fair Value As of Fair Value As of (Amounts in Thousands) Balance Sheet Location September 30 June 30 Balance Sheet Location September 30 June 30 Derivatives designated as hedging instruments: Foreign exchange contracts Accrued expenses $ 3 $ 10 Derivatives not designated as hedging instruments: Stock warrants Other Assets $ 1,500 $ 1,500 Total derivatives $ 1,500 $ 1,500 $ 3 $ 10

Note 13. Postemployment Benefit

Note 13. Postemployment Benefits	3 Months Ended
	Sep. 30, 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 September 30 (Amounts in Thousands) 2018 2017 Service cost $ 127 $ 135 Interest cost 23 21 Amortization of actuarial income (99 ) (67 ) Net periodic benefit cost $ 51 $ 89 The benefit cost 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. During fiscal year 2019, we reported service cost in the Cost of Sales and Selling and Administrative Expenses lines of the Condensed Consolidated Statement of Income, interest cost in the Interest Expense line, and amortization of actuarial income in the Non-Operating income (expense), net line. During fiscal year 2018, all costs were recognized in the Cost of Sales and Selling and Administrative Expenses lines and were not segregated between the operating and non-operating sections of the Condensed Consolidated Statement of Income because the impact was immaterial.

Note 14. Stock Compensation

Note 14. Stock Compensation	3 Months Ended
	Sep. 30, 2018
Stock Compensation Plan [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments	Stock Compensation Stock-based compensation expense during the three months ended September 30, 2018 and 2017 was $1.9 million and $1.5 million , respectively. The total income tax benefit for stock compensation arrangements was $0.5 million during the three months ended September 30, 2018 , and $1.3 million for the three months ended September 30, 2017 . The first quarter of fiscal year 2019 had an immaterial amount of excess tax benefits from the vesting of stock awards, while the first quarter of fiscal year 2018 included $0.7 million of excess tax benefits from the vesting of stock awards. During fiscal year 2019 , the following stock compensation was awarded to officers and other key employees and to members of the Board of Directors who are not employees. All awards were granted under the 2017 Stock Incentive Plan. For more information on stock compensation awards, refer to our Annual Report on Form 10-K for the fiscal year ended June 30, 2018 . Type of Award Quarter Awarded Shares or Units Grant Date Fair Value (5) Annual Performance Shares (1) 1st Quarter 34,176 $16.12 Relative Total Shareholder Return Awards (2) 1st Quarter 9,703 $21.16 Restricted Stock Units (3) 1st Quarter 170,686 $15.99 - $16.39 Unrestricted Shares (4) 1st Quarter 12,318 $16.39 (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 capital during fiscal year 2019, 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 68,352 . Annual performance shares vest on June 30, 2019. (2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2021. 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 19,406 . (3) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2019, June 30, 2020, and June 30, 2021. Upon vesting, the outstanding number of restricted stock 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 and key employees 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	3 Months Ended
	Sep. 30, 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 equity securities without readily determinable fair value and stock warrants, and notes receivable related to independent dealership financing. The equity securities without readily determinable fair value and stock warrants were valued at $0.5 million and $1.5 million , respectively, at both September 30, 2018 and June 30, 2018 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 in the Notes to Condensed Consolidated Financial Statements. The carrying value of the notes receivable for independent dealership financing were $0.7 million , net of a $0.1 million allowance, and $0.6 million , net of a $0.1 million allowance as of September 30, 2018 and June 30, 2018 , respectively, and were included on the Receivables and Other Assets lines 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 September 30, 2018 .

Note 16. Credit Quality and All

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable	3 Months Ended
	Sep. 30, 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 September 30, 2018 and June 30, 2018 , we had no material past due outstanding notes receivable. As of September 30, 2018 As of June 30, 2018 (Amounts in Thousands) Unpaid Balance Related Allowance Receivable Net of Allowance Unpaid Balance Related Allowance Receivable Net of Allowance Independent Dealership Financing $ 822 $ 88 $ 734 $ 666 $ 50 $ 616 Other Notes Receivable 178 178 — 183 183 — Total $ 1,000 $ 266 $ 734 $ 849 $ 233 $ 616

Note 17. Subsequent Events (Not

Note 17. Subsequent Events (Notes)	3 Months Ended
	Sep. 30, 2018
Subsequent Events [Abstract]
Subsequent Events [Text Block]	Subsequent Events Acquisition: On October 26, 2018, we acquired substantially all the assets and assumed certain specified limited liabilities of David Edward headquartered in Baltimore, Maryland. David Edward is a premier designer and manufacturer of contract furniture, sold in the healthcare, corporate, education, and premium hospitality markets. David Edward sells primarily in the North American and Middle Eastern markets. David Edward’s products are generally specified by architects and designers, represented through a network of independent representatives, and sold through authorized furniture dealerships. The David Edward product portfolio consists of classic and contemporary designs, focused primarily in the seating, tables, and ancillary furniture categories. In conjunction with the asset acquisition, we leased the two existing David Edward production facilities in Baltimore and Red Lion, Pennsylvania. Resolution of GSA Matter: On November 2, 2018, we received notification from the U.S. General Services Administration Office of Inspector General (“GSA OIG”) in response to our self-reporting in 2016 of subcontractor reporting noncompliance and inaccuracies. The GSA OIG Contractor Reporting Program reviewed the information we provided and has stated that, based on current information, it does not anticipate taking any further action on this matter at this time.

Note 1. Basis of Presentation (

Note 1. Basis of Presentation (Policies)	3 Months Ended
	Sep. 30, 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.
Reclassification, Policy [Policy Text Block]	Prior Period Reclassifications Our prior period financial statements were recast for the full retrospective adoption of guidance on the recognition of revenue from contracts with customers. Certain prior period amounts on the Condensed Consolidated Statements of Cash Flows have also been recast to incorporate restricted cash flows and restricted cash balances, as a result of the retrospective adoption of new accounting guidance.

Note 2. Recent Accounting Pro_2

Note 2. Recent Accounting Pronouncements and Supplemental Information (Policies)	3 Months Ended
	Sep. 30, 2018
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Impairment Or Disposal Of Intangible Assets	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.
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements: In August 2018, the Securities and Exchange Commission adopted disclosure and simplification amendments which update certain disclosure requirements that were redundant, duplicative, overlapping, outdated, or superseded. The amendments require a shareowners’ equity statement provided in interim financial statements or in a note. The adoption resulted in the addition of an interim Condensed Consolidated Statements of Shareowners’ Equity. In June 2018, the Financial Accounting Standards Board (“FASB”) issued guidance to improve the accounting for and to reduce the cost and complexity of share-based payments to nonemployees for goods and services. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted, but it may not be adopted earlier than our adoption of the new revenue standard. We early adopted the guidance in our first quarter of fiscal year 2019 in advance of the October 2018 retirement of our Chief Executive Officer and Chairman of our Board of Directors, who will have stock compensation awards vesting after his retirement. The adoption did not have a material effect on our first quarter of fiscal year 2019 condensed 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 was adopted during our first quarter of fiscal year 2019 and was applied prospectively to awards modified on or after the adoption date. The adoption of the guidance did not have a material effect on our condensed 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. Due to the immaterial amounts in prior periods we did not apply the rule retrospectively. The guidance was adopted during our first quarter of fiscal year 2019 and did not have a material effect on our condensed 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 was adopted during our first quarter of fiscal year 2019 concurrently with the adoption of the guidance on recognition of revenue from contracts with customers. The adoption of this guidance did not have a material impact on our condensed 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 was adopted during our first quarter of fiscal year 2019 and was applied retrospectively to each prior reporting period. The guidance resulted in certain prior period amounts being reclassified to conform with the current period presentation, including the addition of restricted cash to cash and cash equivalents on the Condensed Consolidated Statements of Cash Flows. 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 was adopted during our first quarter of fiscal year 2019 and did not have a material effect on our condensed 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 made the guidance effective for our first quarter of fiscal year 2019 financial statements using either of two acceptable adoption methods: (i) full 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 clarified assessing whether an entity is a principal or an agent in a revenue transaction, and impacted whether an entity reports revenue on a gross or net basis; in April 2016, the FASB issued additional guidance that addressed identifying performance obligations and implementing licensing guidance; and in May 2016, the FASB issued additional guidance that clarified collectability, noncash consideration, and other transition issues. The amendments had the same effective date and transition requirements as the new revenue standard. We adopted the standard at the beginning of fiscal year 2019 using the full retrospective approach which required that we recast prior year comparative periods to provide comparable financial reporting for all reported fiscal years. All changes required by the new standard, including accounting policies, controls, and disclosures, have been identified and implemented as of the beginning of fiscal 2019. We applied the transition practical expedient related to remaining performance obligations for reporting periods presented before the date of initial application. See Note 4 - Revenue in the Notes to Condensed Consolidated Financial Statements for more information on revenue recognition. Recently Issued Accounting Pronouncements Not Yet Adopted: In August 2018, the FASB issued guidance on a customer’s accounting for implementation, set-up, and other upfront costs incurred in a cloud computing arrangement that is hosted by the vendor. Under the new guidance, customers will apply the same criteria for capitalizing implementation costs as they would for an arrangement that has a software license. The guidance is effective for our first quarter of fiscal year 2021 with early adoption permitted. Entities can choose to adopt the guidance prospectively to eligible costs incurred on or after the date this guidance is first applied or retrospectively. We have not yet determined the effect of this guidance on our condensed consolidated financial statements. In August 2018, the FASB issued guidance to add, remove, and clarify disclosure requirements related to defined pension benefit and other postretirement plans. The guidance is effective for our first quarter of fiscal year 2021 with early adoption permitted and should be applied retrospectively. We have not yet determined the effect of this guidance on our condensed consolidated financial statements. In August 2018, the FASB issued guidance which changes the fair value measurement disclosure requirements. The guidance modifies and removes certain disclosures related to the fair value hierarchy, and adds new disclosure requirements such as disclosing the changes in unrealized gains and losses included in other comprehensive income for recurring Level 3 fair value measurements and disclosing the range and weighted average of significant unobservable inputs used to develop Level 3 fair value measurements. The guidance is effective for our first quarter of fiscal year 2021 with early adoption permitted and should be applied retrospectively except for certain disclosures. We have not yet determined the effect of this guidance on our condensed 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 condensed 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 condensed 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. In July 2018, the FASB amended the new standard to clarify certain aspects of the guidance, and also issued another standard that allows the option to apply the provisions of the leasing standard at the adoption date instead of at the earliest comparative period in the condensed consolidated financial statements. The guidance is effective for our first quarter of fiscal year 2020 with early adoption permitted. We expect to utilize the option to not retrospectively adjust prior comparative periods. We are currently evaluating the impact of this guidance but have not yet determined the effect on our condensed consolidated financial statements.
Goodwill	Goodwill represents the difference between the purchase price and the related underlying tangible and intangible net asset fair values resulting from business acquisitions. Goodwill is assigned to and the fair value is tested at the reporting unit level. 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 which compares the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. Under the quantitative assessment, if the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. 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. Trade names, non-compete agreements, and product rights to produce and sell certain products 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, amortization of actuarial income, 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. Revenue Revenue (Polici

Note 4. Revenue Revenue (Policies)	3 Months Ended
	Sep. 30, 2018
Revenue [Abstract]
Revenue Recognition, Sales of Goods	We recognize revenue when performance obligations under the terms of contracts with our customers are satisfied, which occurs when control passes to a customer to enable them to direct the use of and obtain benefit from a product. This typically occurs when a customer obtains legal title, obtains the risks and rewards of ownership, has received the goods according to the contractual shipping terms either at the shipping point or destination, and is obligated to pay for the product.
Revenue Recognition, Sales of Services	For services, revenue is recognized when the service is performed and we have an enforceable right to payment.
Shipping and Handling Cost	We classify shipping and handling expenses in Cost of Sales in the Condensed Consolidated Statements of Income.
Revenue Recognition, Revenue Reductions	We are also applying an accounting policy election which allows an entity to exclude from revenue any amounts collected from customers on behalf of third parties, such as sales taxes and other similar taxes we collect concurrent with revenue-producing activities. Therefore, we present revenue net of sales taxes and similar revenue-based taxes.

Note 5. Income Taxes (Policies)

Note 5. Income Taxes (Policies)	3 Months Ended
	Sep. 30, 2018
Income Tax Disclosure [Abstract]
Income Tax, Policy [Policy Text Block]	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 6. Inventories (Policies)

Note 6. Inventories (Policies)	3 Months Ended
	Sep. 30, 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 8. Commitments and Conti_2

Note 8. Commitments and Contingent Liabilities (Policies)	3 Months Ended
	Sep. 30, 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)	3 Months Ended
	Sep. 30, 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 three months ended September 30, 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, 2018 .
Fair Value of Financial Instruments Policy Continued	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, if any, as well as positive and negative qualitative evidence, in the assessment of fair value. Derivative Liability: Foreign exchange contracts 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. 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	Related to the prior year acquisition of D'style, 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. Equity securities without readily determinable fair value 3 Cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Impairment is assessed qualitatively. On a periodic basis, but no less frequently than quarterly, the investment in equity securities without readily determinable fair value is qualitatively 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 investment exceeds its fair value would be recorded as an impairment loss.

Note 11. Investments (Policies)

Note 11. Investments (Policies)	3 Months Ended
	Sep. 30, 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)	3 Months Ended
	Sep. 30, 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 Pro_3

Note 2. Recent Accounting Pronouncements and Supplemental Information (Tables)	3 Months Ended
	Sep. 30, 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: September 30, 2018 June 30, 2018 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Capitalized Software $ 38,658 $ 36,134 $ 2,524 $ 38,482 $ 35,922 $ 2,560 Product Rights 162 162 — 162 162 — Customer Relationships 7,050 574 6,476 7,050 422 6,628 Trade Names 3,570 327 3,243 3,570 238 3,332 Non-Compete Agreements 100 18 82 100 13 87 Other Intangible Assets $ 49,540 $ 37,215 $ 12,325 $ 49,364 $ 36,757 $ 12,607
Components of Non-operating income (expense), net	Components of the Non-operating income (expense), net line, were: Three Months Ended September 30 (Amounts in Thousands) 2018 2017 Gain on Supplemental Employee Retirement Plan Investments $ 371 $ 351 Other (44 ) (65 ) Non-operating income, net $ 327 $ 286

Note 4. Revenue (Tables)

Note 4. Revenue (Tables)	3 Months Ended
	Sep. 30, 2018
Revenue Recognition [Abstract]
Schedule of New Accounting Pronouncements and Changes in Accounting Principles [Table Text Block]	Impact to Condensed Consolidated Statements of Income Three Months Ended September 30, 2017 (Amounts in Thousands) As Originally Reported Adoption of New Revenue Standard As Adjusted Net Sales $ 169,517 $ 5,843 $ 175,360 Cost of Sales 109,928 1,425 111,353 Gross Profit 59,589 4,418 64,007 Selling and Administrative Expenses 43,632 4,418 48,050 Operating Income 15,957 — 15,957 Operating Income as of Percent of Net Sales 9.4 % 9.1 %
Schedule Of New Accounting Pronouncements And Changes In Accounting Principles2 [Table Text Block]	Impact to Condensed Consolidated Balance Sheet As of June 30, 2018 (Amounts in Thousands) As Originally Reported Adoption of New Revenue Standard As Adjusted Receivables, net of allowances $ 60,984 $ 1,292 $ 62,276 Accrued Expenses 49,294 1,292 50,586
Disaggregation of Revenue [Table Text Block]	The following table provides information about revenue by vertical market: Three Months Ended September 30 (Amounts in Millions) 2018 2017 Commercial $ 56.6 $ 52.3 Education 34.6 31.7 Finance 18.2 13.2 Government 17.1 27.5 Healthcare 24.4 20.4 Hospitality 43.2 30.3 Total Net Sales $ 194.1 $ 175.4
Contract with Customer, Liability [Table Text Block]	Changes in the customer deposits during the three months ended September 30, 2018 are as follows: (Amounts in Millions) Customer Deposits Balance as of June 30, 2018 $ 21.3 Increases due to deposits received, net of other adjustments 30.2 Revenue recognized (26.0 ) Balance as of September 30, 2018 $ 25.5

Note 6. Inventories (Tables)

Note 6. Inventories (Tables)	3 Months Ended
	Sep. 30, 2018
Inventories [Abstract]
Schedule of Inventory, Current	Inventory components were as follows: (Amounts in Thousands) September 30, 2018 June 30, Finished products $ 26,345 $ 23,756 Work-in-process 1,286 1,378 Raw materials 30,183 29,158 Total FIFO inventory 57,814 54,292 LIFO reserve, net (15,689 ) (14,783 ) Total inventory $ 42,125 $ 39,509

Note 7. Accumulated Other Com_2

Note 7. Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Sep. 30, 2018
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income	During the three months ended September 30, 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) Derivative Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2018 $ (31 ) $ 1,854 $ (7 ) $ 1,816 Other comprehensive income (loss) before reclassifications (19 ) 60 (7 ) 34 Reclassification to (earnings) loss — (74 ) 12 (62 ) Net current-period other comprehensive income (loss) (19 ) (14 ) 5 (28 ) Balance at September 30, 2018 $ (50 ) $ 1,840 $ (2 ) $ 1,788 Balance at June 30, 2017 $ (21 ) $ 1,136 $ — $ 1,115 Other comprehensive income (loss) before reclassifications 9 163 — 172 Reclassification to (earnings) loss — (41 ) — (41 ) Net current-period other comprehensive income (loss) 9 122 — 131 Balance at September 30, 2017 $ (12 ) $ 1,258 $ — $ 1,246
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 Affected Line Item in the Condensed Consolidated Statements of Income September 30, (Amounts in Thousands) 2018 2017 Derivative Gain (Loss) (1) $ (16 ) $ — Non-operating income (expense), net 4 — Benefit (Provision) for Income Taxes $ (12 ) $ — Net Income Postemployment Benefits amortization of actuarial gain (2) $ — $ 44 Cost of Sales — 23 Selling and Administrative Expenses 99 — Non-operating income (expense), net (25 ) (26 ) Benefit (Provision) for Income Taxes 74 41 Net Income Total Reclassifications for the Period $ 62 $ 41 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 12 - Derivative Instruments in the Notes to Condensed Consolidated Financial Statements for further information on derivative instruments. (2) See Note 13 - Postemployment Benefits in the Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans.

Note 8. Commitments and Conti_3

Note 8. Commitments and Contingent Liabilities (Tables)	3 Months Ended
	Sep. 30, 2018
Commitments and Contingent Liabilities [Abstract]
Schedule of Product Warranty Liability	Changes in the product warranty accrual for the three months ended September 30, 2018 and 2017 were as follows: Three Months Ended September 30 (Amounts in Thousands) 2018 2017 Product Warranty Liability at the beginning of the period $ 2,294 $ 1,992 Additions to warranty accrual (including changes in estimates) 343 313 Settlements made (in cash or in kind) (318 ) (146 ) Product Warranty Liability at the end of the period $ 2,319 $ 2,159

Note 9. Earnings Per Share (Tab

Note 9. Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended September 30 (Amounts in Thousands, Except for Per Share Data) 2018 2017 Net Income $ 10,876 $ 10,957 Average Shares Outstanding for Basic EPS Calculation 37,109 37,428 Dilutive Effect of Average Outstanding Compensation Awards 283 305 Average Shares Outstanding for Diluted EPS Calculation 37,392 37,733 Basic Earnings Per Share $ 0.29 $ 0.29 Diluted Earnings Per Share $ 0.29 $ 0.29

Note 10. Fair Value (Tables)

Note 10. Fair Value (Tables)	3 Months Ended
	Sep. 30, 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, if any, as well as positive and negative qualitative evidence, in the assessment of fair value. Derivative Liability: Foreign exchange contracts 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. 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 September 30, 2018 and June 30, 2018 , 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) September 30, 2018 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 15,260 $ — $ — $ 15,260 Cash equivalents: Commercial paper — 24,048 — 24,048 Available-for-sale securities: Secondary market certificates of deposit — 12,599 — 12,599 Available-for-sale securities: Municipal bonds — 11,313 — 11,313 Available-for-sale securities: U.S. Treasury and federal agencies — 17,447 — 17,447 Trading Securities: Mutual funds in nonqualified SERP 12,500 — — 12,500 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 27,760 $ 65,407 $ 1,500 $ 94,667 Liabilities Derivatives: Foreign exchange contracts $ — $ 3 $ — $ 3 Contingent earn-out liability — — 655 655 Total liabilities at fair value $ — $ 3 $ 655 $ 658 (Amounts in Thousands) June 30, 2018 Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 24,407 $ — $ — $ 24,407 Cash equivalents: Commercial paper — 25,918 — 25,918 Available-for-sale securities: Secondary market certificates of deposit — 11,850 — 11,850 Available-for-sale securities: Municipal bonds — 16,508 — 16,508 Available-for-sale securities: U.S. Treasury and federal agencies — 6,249 — 6,249 Trading Securities: Mutual funds in nonqualified SERP 12,114 — — 12,114 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 36,521 $ 60,525 $ 1,500 $ 98,546 Liabilities Derivatives: Foreign exchange contracts $ — $ 10 $ — $ 10 Contingent earn-out liability — — 1,056 1,056 Total liabilities at fair value $ — $ 10 $ 1,056 $ 1,066
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. Equity securities without readily determinable fair value 3 Cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Impairment is assessed qualitatively.

Note 11. Investments (Tables)

Note 11. Investments (Tables)	3 Months Ended
	Sep. 30, 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): September 30, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Within one year $ 9,521 $ 10,404 $ 10,031 After one year through two years 3,078 909 7,416 Total Fair Value $ 12,599 $ 11,313 $ 17,447
Unrealized Gain (Loss) on Investments	September 30, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 12,599 $ 11,338 $ 17,489 Unrealized holding gains — — — Unrealized holding losses — (25 ) (42 ) Fair Value $ 12,599 $ 11,313 $ 17,447 June 30, 2018 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 11,850 $ 16,532 $ 6,266 Unrealized holding gains — — — Unrealized holding losses — (24 ) (17 ) Fair Value $ 11,850 $ 16,508 $ 6,249
Trading Securities (and Certain Trading Assets)	SERP asset and liability balances were as follows: (Amounts in Thousands) September 30, June 30, SERP investments - current asset $ 3,402 $ 3,868 SERP investments - other long-term asset 9,098 8,246 Total SERP investments $ 12,500 $ 12,114 SERP obligation - current liability $ 3,402 $ 3,868 SERP obligation - other long-term liability 9,098 8,246 Total SERP obligation $ 12,500 $ 12,114

Note 12. Derivative Instrumen_2

Note 12. Derivative Instruments (Tables)	3 Months Ended
	Sep. 30, 2018
Derivative Instruments [Abstract]
Schedule of Derivative Instruments	Fair Values of Derivative Instruments on the Condensed Consolidated Balance Sheets Asset Derivatives Liability Derivatives Fair Value As of Fair Value As of (Amounts in Thousands) Balance Sheet Location September 30 June 30 Balance Sheet Location September 30 June 30 Derivatives designated as hedging instruments: Foreign exchange contracts Accrued expenses $ 3 $ 10 Derivatives not designated as hedging instruments: Stock warrants Other Assets $ 1,500 $ 1,500 Total derivatives $ 1,500 $ 1,500 $ 3 $ 10

Note 13. Postemployment Benef_2

Note 13. Postemployment Benefits (Tables)	3 Months Ended
	Sep. 30, 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 September 30 (Amounts in Thousands) 2018 2017 Service cost $ 127 $ 135 Interest cost 23 21 Amortization of actuarial income (99 ) (67 ) Net periodic benefit cost $ 51 $ 89

Note 14. Stock Compensation (Ta

Note 14. Stock Compensation (Tables)	3 Months Ended
	Sep. 30, 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 34,176 $16.12 Relative Total Shareholder Return Awards (2) 1st Quarter 9,703 $21.16 Restricted Stock Units (3) 1st Quarter 170,686 $15.99 - $16.39 Unrestricted Shares (4) 1st Quarter 12,318 $16.39 (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 capital during fiscal year 2019, 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 68,352 . Annual performance shares vest on June 30, 2019. (2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2021. 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 19,406 . (3) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2019, June 30, 2020, and June 30, 2021. Upon vesting, the outstanding number of restricted stock 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 and key employees 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 A_2

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable (Tables)	3 Months Ended
	Sep. 30, 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 September 30, 2018 As of June 30, 2018 (Amounts in Thousands) Unpaid Balance Related Allowance Receivable Net of Allowance Unpaid Balance Related Allowance Receivable Net of Allowance Independent Dealership Financing $ 822 $ 88 $ 734 $ 666 $ 50 $ 616 Other Notes Receivable 178 178 — 183 183 — Total $ 1,000 $ 266 $ 734 $ 849 $ 233 $ 616

Note 2. Recent Accounting Pro_4

Note 2. Recent Accounting Pronouncements and Supplemental Information - Goodwill and Other Intangible Assets Textuals (Details) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Goodwill, Impairment Loss	$ 0
Goodwill	8,824,000		$ 8,824,000
Amortization of Intangible Assets	475,000	$ 295,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	1,435,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,997,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,613,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,272,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,044,000
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	4,964,000
Indefinite-Lived Intangible Assets (Excluding Goodwill)	$ 0
Software and Software Development Costs | Minimum
Finite-Lived Intangible Asset, Useful Life	3 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
D'Style
Goodwill	$ 8,800,000
Intangible Assets, Gross (Excluding Goodwill)	$ 10,700,000

Note 2. Recent Accounting Pro_5

Note 2. Recent Accounting Pronouncements and Supplemental Information - Textuals (Details)	3 Months Ended
	Sep. 30, 2018
Revenue, Practical Expedient, Initial Application and Transition, Nondisclosure of Transaction Price Allocation to Remaining Performance Obligation [true/false]	true
Accounts Receivable, Customary Payment Terms	30 days
Accounts Receivable, Days Beyond Which Terms Are Considered Extended Payment Terms	30 days

Note 2. Recent Accounting Pro_6

Note 2. Recent Accounting Pronouncements and Supplemental Information - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	$ 49,540	$ 49,364
Intangible Assets Accumulated Amortization	37,215	36,757
Finite-Lived Intangible Assets, Net Value	12,325	12,607
Capitalized Software
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	38,658	38,482
Intangible Assets Accumulated Amortization	36,134	35,922
Finite-Lived Intangible Assets, Net Value	2,524	2,560
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	7,050
Intangible Assets Accumulated Amortization	574	422
Finite-Lived Intangible Assets, Net Value	6,476	6,628
Trade Names
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	3,570	3,570
Intangible Assets Accumulated Amortization	327	238
Finite-Lived Intangible Assets, Net Value	3,243	3,332
Non-Compete Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	100	100
Intangible Assets Accumulated Amortization	18	13
Finite-Lived Intangible Assets, Net Value	$ 82	$ 87

Note 2. Recent Accounting Pro_7

Note 2. Recent Accounting Pronouncements and Supplemental Information - Components of Non-operating income (expense), net (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Gain on Supplemental Employee Retirement Plan Investments	$ 371	$ 351
Other	(44)	(65)
Non-operating income, net	$ 327	$ 286

Note 3. Acquisition Acquisition

Note 3. Acquisition Acquisition Textuals (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 0
D'Style
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0.4
Contingent earn-out liability	$ 0.7	$ 1.1

Note 4. Revenue - Impact to Con

Note 4. Revenue - Impact to Condensed Consolidated Statements of Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Net Sales	$ 194,123	$ 175,360
Cost of Sales	128,250	111,353
Gross Profit	65,873	64,007
Selling and Administrative Expenses	52,179	48,050
Operating Income	$ 13,694	$ 15,957
Operating Income as of Percent of Net Sales		9.10%
Calculated under Revenue Guidance in Effect before Topic 606
Net Sales		$ 169,517
Cost of Sales		109,928
Gross Profit		59,589
Selling and Administrative Expenses		43,632
Operating Income		$ 15,957
Operating Income as of Percent of Net Sales		9.40%
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Net Sales		$ 5,843
Cost of Sales		1,425
Gross Profit		4,418
Selling and Administrative Expenses		4,418
Operating Income		$ 0

Note 4. Revenue - Impact to C_2

Note 4. Revenue - Impact to Condensed Consolidated Balance Sheet (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Receivables, net of allowances of $1,637 and $1,317, respectively	$ 59,862	$ 62,276
Accrued expenses	$ 35,903	50,586
Calculated under Revenue Guidance in Effect before Topic 606
Receivables, net of allowances of $1,637 and $1,317, respectively		60,984
Accrued expenses		49,294
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Receivables, net of allowances of $1,637 and $1,317, respectively		1,292
Accrued expenses		$ 1,292

Note 4. Revenue - Disaggregatio

Note 4. Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Net Sales	$ 194,123	$ 175,360
Commercial and Industrial Sector
Net Sales	56,600	52,300
Education Sector
Net Sales	34,600	31,700
Financial Services Sector
Net Sales	18,200	13,200
Government Sector
Net Sales	17,100	27,500
Healthcare Sector
Net Sales	24,400	20,400
Hospitality Sector
Net Sales	$ 43,200	$ 30,300

Note 4. Revenue - Changes in Cu

Note 4. Revenue - Changes in Customer Deposits (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2018USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Customer Deposits	$ 21,253
Increases due to deposits received, net of other adjustments	30,200
Revenue recognized	(26,000)
Customer Deposits	$ 25,536

Note 4. Revenue - Revenue Textu

Note 4. Revenue - Revenue Textuals (Details) - USD ($)	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Accounts Receivable, Customary Payment Terms	30 days
Contract with Customer, Liability, Revenue Recognized	$ 16,700,000	$ 15,000,000
Revenue, Practical Expedient, Financing Component [true/false]	true
Revenue, Practical Expedient, Incremental Cost of Obtaining Contract [true/false]	true
Provision for Doubtful Accounts	$ 500,000	200,000
Prepaid Expenses and Other Current Assets
Capitalized Contract Cost, Net	300,000		$ 300,000
Other Noncurrent Assets
Capitalized Contract Cost, Net	300,000		$ 300,000
Selling and Administrative Expenses
Capitalized Contract Cost, Amortization	$ 100,000	100,000
Accounting Standards Update 2014-09 | Difference between Revenue Guidance in Effect before and after Topic 606
Retained earnings cumulative effect of adoption		$ 0

Note 5. Income Taxes - Textuals

Note 5. Income Taxes - Textuals (Details)	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	35.00%
Effective Income Tax Rate Reconciliation, Percent	24.40%	33.40%
Federal Blended Rate
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			28.10%

Note 6. Inventories - Inventory

Note 6. Inventories - Inventory Components (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Finished products	$ 26,345	$ 23,756
Work-in-process	1,286	1,378
Raw materials	30,183	29,158
Total FIFO inventory	57,814	54,292
LIFO reserve, net	(15,689)	(14,783)
Total inventory	$ 42,125	$ 39,509

Note 7. Accumulated Other Com_3

Note 7. Accumulated Other Comprehensive Income - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	$ 1,816	$ 1,115
Other Comprehensive Income (Loss) before Reclassifications	34	172
Reclassification to (earnings) loss	(62)	(41)
Net current-period other comprehensive income (loss)	(28)	131
Accumulated Other Comprehensive Income at end of period	1,788	1,246
Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	(31)	(21)
Other Comprehensive Income (Loss) before Reclassifications	(19)	9
Reclassification to (earnings) loss	0	0
Net current-period other comprehensive income (loss)	(19)	9
Accumulated Other Comprehensive Income at end of period	(50)	(12)
Postemployment Benefits, Net Actuarial Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	1,854	1,136
Other Comprehensive Income (Loss) before Reclassifications	60	163
Reclassification to (earnings) loss	(74)	(41)
Net current-period other comprehensive income (loss)	(14)	122
Accumulated Other Comprehensive Income at end of period	1,840	1,258
Derivative Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	(7)	0
Other Comprehensive Income (Loss) before Reclassifications	(7)	0
Reclassification to (earnings) loss	12	0
Net current-period other comprehensive income (loss)	5	0
Accumulated Other Comprehensive Income at end of period	$ (2)	$ 0

Note 7. Accumulated Other Com_4

Note 7. Accumulated Other Comprehensive Income - Reclassifications from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Reclassification Adjustment from Accumulated Other Comprehensive Income
Postemployment Benefits, Amortization of Actuarial Gain	$ 99	$ 67
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	(62)	(41)
Cost of Sales
Reclassification Adjustment from Accumulated Other Comprehensive Income
Postemployment Benefits, Amortization of Actuarial Gain	0	44
Selling and Administrative Expenses
Reclassification Adjustment from Accumulated Other Comprehensive Income
Postemployment Benefits, Amortization of Actuarial Gain	0	23
Non-operating income (expense), net
Reclassification Adjustment from Accumulated Other Comprehensive Income
Derivative Gain (Loss)	(16)	0
Postemployment Benefits, Amortization of Actuarial Gain	99	0
Provision for Income Taxes
Reclassification Adjustment from Accumulated Other Comprehensive Income
Derivative Gain (Loss)	4	0
Postemployment Benefits, Amortization of Actuarial Gain	(25)	(26)
Net Income
Reclassification Adjustment from Accumulated Other Comprehensive Income
Derivative Gain (Loss)	(12)	0
Postemployment Benefits, Amortization of Actuarial Gain	74	41
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	$ 62	$ 41

Note 8. Commitments and Conti_4

Note 8. Commitments and Contingent Liabilities - Commitments and Contingent Liabilities Textuals (Details)	Sep. 30, 2018USD ($)
Financial Standby Letter of Credit
Guarantor Obligations
Letters of Credit, Amount	$ 1,400,000
Loss Contingency Accrual, at Carrying Value	0
Performance Bond
Guarantor Obligations
Loss Contingency Accrual, at Carrying Value	0
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 500,000

Note 8. Commitments and Conti_5

Note 8. Commitments and Contingent Liabilities - Product Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Product Warranty Liability at the beginning of the period	$ 2,294	$ 1,992
Additions to warranty accrual (including changes in estimates)	343	313
Settlements made (in cash or in kind)	(318)	(146)
Product Warranty Liability at the end of the period	$ 2,319	$ 2,159

Note 9. Earnings Per Share Earn

Note 9. Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Net Income	$ 10,876	$ 10,957
Average Number of Shares Outstanding, Basic	37,109	37,428
Dilutive Effect of Average Outstanding Compensation Awards	283	305
Average Number of Shares Outstanding, Diluted	37,392	37,733
Basic Earnings Per Share	$ 0.29	$ 0.29
Diluted Earnings Per Share	$ 0.29	$ 0.29

Note 10. Fair Value - Textuals

Note 10. Fair Value - Textuals (Details) - USD ($)	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair Value, Transfers Between Levels, Amount	$ 0
Investment in privately held company	2,000,000
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount	0
Derivative Asset, Fair Value, Gross Asset	1,500,000	$ 1,500,000
Fair Value, Purchases of Level 3 Assets	0
Business Combination, Contingent Consideration Arrangements, Payment	400,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability	655,000	1,056,000
Fair Value, Inputs, Level 1 | Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability	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 liability	0	0
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Equity securities not readily marketable	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 liability	655,000	1,056,000
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
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
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
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
Not Designated as Hedging Instrument | Other Assets | 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
D'Style
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability	700,000	$ 1,100,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability	$ 400,000

Note 10. Fair Value - Recurring

Note 10. Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	$ 12,500	$ 12,114
Derivative Asset, Fair Value, Gross Asset	1,500	1,500
Derivative Liability, Fair Value, Gross Liability	3	10
Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Total assets at fair value	94,667	98,546
Contingent earn-out liability	655	1,056
Total liabilities at fair value	658	1,066
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Total assets at fair value	27,760	36,521
Contingent earn-out liability	0	0
Total liabilities at fair value	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Total assets at fair value	65,407	60,525
Contingent earn-out liability	0	0
Total liabilities at fair value	3	10
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	655	1,056
Total liabilities at fair value	655	1,056
Foreign Exchange Contract | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Derivative Liability, Fair Value, Gross Liability	3	10
Foreign Exchange Contract | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Derivative Liability, Fair Value, Gross Liability	0	0
Foreign Exchange Contract | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Derivative Liability, Fair Value, Gross Liability	3	10
Foreign Exchange Contract | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Derivative Liability, Fair Value, Gross Liability	0	0
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	15,260	24,407
Money Market Funds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Cash equivalents	15,260	24,407
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	24,048	25,918
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	24,048	25,918
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	12,599	11,850
Certificates of Deposit | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	12,599	11,850
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	12,599	11,850
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	11,313	16,508
Municipal Bonds | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	11,313	16,508
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	11,313	16,508
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	17,447	6,249
US Treasury and Federal Agencies | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	17,447	6,249
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	17,447	6,249
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	12,500	12,114
Mutual Fund | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	12,500	12,114
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	Sep. 30, 2018	Jun. 30, 2018
Certificates of Deposit
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	$ 9,521
Available-for-sale Securities, Debt Maturities, Rolling Year Two	3,078
Available-for-sale Securities	12,599	$ 11,850
Municipal Bonds
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	10,404
Available-for-sale Securities, Debt Maturities, Rolling Year Two	909
Available-for-sale Securities	11,313	16,508
US Treasury and Federal Agency Securities
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	10,031
Available-for-sale Securities, Debt Maturities, Rolling Year Two	7,416
Available-for-sale Securities	$ 17,447	$ 6,249

Note 11. Investments - Unrealiz

Note 11. Investments - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Certificates of Deposit
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 12,599	$ 11,850
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	0	0
Available-for-sale Securities	12,599	11,850
Municipal Bonds
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	11,338	16,532
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(25)	(24)
Available-for-sale Securities	11,313	16,508
US Treasury and Federal Agency Securities
Schedule of Available-for-sale Securities [Line Items]
Available-for-sale Securities, Amortized Cost Basis	17,489	6,266
Available-for-sale Securities, Accumulated Gross Unrealized Gain, before Tax	0	0
Available-for-sale Securities, Accumulated Gross Unrealized Loss, before Tax	(42)	(17)
Available-for-sale Securities	$ 17,447	$ 6,249

Note 11. Investments - Suppleme

Note 11. Investments - Supplemental Employee Retirement Investments Textuals (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Schedule of Trading Securities and Other Trading Assets
Trading Securities, Change in net unrealized holding gains (losses)	$ 344	$ 299

Note 11. Investments - Supple_2

Note 11. Investments - Supplemental Employee Retirement Plan Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Schedule of Trading Securities and Other Trading Assets
SERP investments	$ 12,500	$ 12,114
SERP obligation	12,500	12,114
Short-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	3,402	3,868
SERP obligation	3,402	3,868
Other Long-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	9,098	8,246
SERP obligation	$ 9,098	$ 8,246

Note 11. Investments - Investme

Note 11. Investments - Investments - Non-Marketable Equity Securities Textuals (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Investment in privately held company	$ 2,000
Available-for-sale Securities, Gross Realized Gain (Loss)	0	$ 0
Other Assets | Preferred Stock
Equity securities not readily marketable	$ 500

Note 12. Derivative Instrumen_3

Note 12. Derivative Instruments - Textuals (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Derivative [Line Items]
Investment in privately held company	$ 2,000
Derivative Asset, Fair Value, Gross Asset	1,500	$ 1,500
Foreign Exchange Contract
Derivative [Line Items]
Derivative, Notional Amount	87
Fair Value, Measurements, Recurring | Warrant
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	1,500	1,500
Fair Value, Measurements, Recurring | Not Designated as Hedging Instrument | Other Assets | Warrant
Derivative [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 1,500	$ 1,500

Note 12. Derivative Instrumen_4

Note 12. Derivative Instruments - Fair Values of Derivative Instruments on the Consolidated Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 1,500	$ 1,500
Derivative Liability, Fair Value, Gross Liability	3	10
Foreign Exchange Contract | Designated as Hedging Instrument | Accrued expenses
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	3	10
Fair Value, Measurements, Recurring | Foreign Exchange Contract
Derivatives, Fair Value [Line Items]
Derivative Liability, Fair Value, Gross Liability	3	10
Fair Value, Measurements, Recurring | Warrant
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	1,500	1,500
Fair Value, Measurements, Recurring | Warrant | Not Designated as Hedging Instrument | Other Assets
Derivatives, Fair Value [Line Items]
Derivative Asset, Fair Value, Gross Asset	$ 1,500	$ 1,500

Note 13. Postemployment Benef_3

Note 13. Postemployment Benefits (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Components of Net Periodic Benefit Cost (before tax):
Service cost	$ 127	$ 135
Interest cost	23	21
Amortization of actuarial income	(99)	(67)
Net periodic benefit cost	$ 51	$ 89

Note 14. Stock Compensation - S

Note 14. Stock Compensation - Stock Compensation Textuals (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Allocated Share-based Compensation Expense	$ 1.9	$ 1.5
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 0.5	1.3
Excess tax benefits from stock award vesting		$ 0.7
Minimum
Annual Performance Shares, Earned Percentage	0.00%
Relative Total Shareholder Return, Earned Percentage	0.00%
Maximum
Annual Performance Shares, Earned Percentage	200.00%
Relative Total Shareholder Return, Earned Percentage	200.00%
Annual Performance Shares
Stock Compensation, Shares Awarded	34,176
Annual Performance Shares | Maximum
Stock Compensation, Shares Awarded	68,352
Relative Total Shareholder Return
Stock Compensation, Shares Awarded	9,703
Relative Total Shareholder Return | Maximum
Stock Compensation, Shares Awarded	19,406

Note 14. Stock Compensation -_2

Note 14. Stock Compensation - Stock Compensation Awards (Details)	3 Months Ended
	Sep. 30, 2018$ / sharesshares
Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	34,176
Stock Compensation, Grant Date Fair Value | $ / shares	$ 16.12
Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	9,703
Stock Compensation, Grant Date Fair Value | $ / shares	$ 21.16
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	170,686
Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	12,318
Stock Compensation, Grant Date Fair Value | $ / shares	$ 16.39
Minimum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value | $ / shares	$ 15.99
Maximum | Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	68,352
Maximum | Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	19,406
Maximum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value | $ / shares	$ 16.39

Note 15. Variable Interest En_2

Note 15. Variable Interest Entities -Textuals (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Variable Interest Entity
Financing Receivable, Allowance for Credit Losses	$ 266	$ 233
Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity
Variable Interest Entity, Obligation to Provide Additional Funding, Amount	0
Independent Dealership Financing | Notes Receivable
Variable Interest Entity
Financing Receivable, Allowance for Credit Losses	88	50
Other Assets | Cost-method Investments | Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	500	500
Other Assets | Stock Warrant | Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	1,500	1,500
Receivables and Other Assets | Independent Dealership Financing | Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure | Notes Receivable
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	700	600
Financing Receivable, Allowance for Credit Losses	$ 100	$ 100

Note 16. Credit Quality and A_3

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

Note 16. Credit Quality and A_4

Note 16. Credit Quality and Allowance for Credit Losses of Notes Receivable - Credit Quality and Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Sep. 30, 2018	Jun. 30, 2018
Notes Receivable
Notes Receivable, Unpaid Balance	$ 1,000	$ 849
Notes Receivable, Related Allowance	266	233
Notes Receivable, Net of Allowance	734	616
Notes Receivable | Independent Dealership Financing
Notes Receivable
Notes Receivable, Unpaid Balance	822	666
Notes Receivable, Related Allowance	88	50
Notes Receivable, Net of Allowance	734	616
Notes Receivable | Other Notes Receivable
Notes Receivable
Notes Receivable, Unpaid Balance	178	183
Notes Receivable, Related Allowance	178	183
Notes Receivable, Net of Allowance	$ 0	$ 0