Kimball International (KBAL) 10-Q 5 Feb 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Dec. 31, 2019	Jan. 27, 2020
Document Information
Entity Registrant Name	KIMBALL INTERNATIONAL INC
Entity Central Index Key	0000055772
Current Fiscal Year End Date	--06-30
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Current Reporting Status	Yes
Class A Common Stock
Document Information
Entity Common Stock, Shares Outstanding		194,762
Class B Common Stock
Document Information
Entity Common Stock, Shares Outstanding		36,608,177

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Current Assets:
Cash and cash equivalents	$ 71,430	$ 73,196
Short-term investments	25,648	33,071
Receivables, net of allowances of $1,691 and $1,321, respectively	62,344	63,120
Inventories	49,743	46,812
Prepaid expenses and other current assets	15,511	13,105
Assets held for sale	281	281
Total current assets	224,957	229,585
Property and Equipment, net of accumulated depreciation of $189,827 and $185,865, respectively	93,205	90,671
Right-of-use Lease Assets	17,092	0
Goodwill	11,160	11,160
Other Intangible Assets, net of accumulated amortization of $39,371 and $38,320, respectively	12,510	12,108
Deferred Tax Assets	9,663	8,722
Other Assets	14,092	12,420
Total Assets	382,679	364,666
Current Liabilities:
Current maturities of long-term debt	27	25
Accounts payable	39,621	47,916
Customer deposits	32,494	24,611
Current portion of lease liability	4,443	0
Dividends payable	3,477	3,038
Accrued expenses	37,775	57,494
Total current liabilities	117,837	133,084
Other Liabilities:
Long-term debt, less current maturities	109	136
Long-term lease liability	16,570	0
Other	15,574	14,956
Total other liabilities	32,253	15,092
Common stock-par value $0.05 per share:
Additional paid-in capital	3,423	3,570
Retained earnings	293,089	277,391
Accumulated other comprehensive income	2,120	1,937
Less: Treasury stock, at cost, 6,147,000 shares and 6,212,000 shares, respectively	(68,194)	(68,559)
Total Shareholders’ Equity	232,589	216,490
Total Liabilities and Shareholders’ Equity	382,679	364,666
Class A Common Stock
Common stock-par value $0.05 per share:
Common Stock	10	12
Class B Common Stock
Common stock-par value $0.05 per share:
Common Stock	$ 2,141	$ 2,139

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) Parentheticals - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
ASSETS
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 1,691	$ 1,321
Property and Equipment Accumulated Depreciation	189,827	185,865
Intangible Assets Accumulated Amortization	$ 39,371	$ 38,320
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	195,000	251,000
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	42,830,000	42,773,000
Treasury Stock, Shares	6,147,000	6,212,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Net Sales	$ 192,164	$ 201,008	$ 393,616	$ 395,131
Cost of Sales	126,823	136,019	257,905	264,269
Gross Profit	65,341	64,989	135,711	130,862
Selling and Administrative Expenses	49,719	51,491	100,633	103,670
Restructuring Expense	1,396	0	5,746	0
Operating Income	14,226	13,498	29,332	27,192
Other Income (Expense):
Interest income	489	428	1,096	847
Interest expense	(21)	(56)	(44)	(106)
Non-operating income (expense), net	717	(1,226)	718	(899)
Other income (expense), net	1,185	(854)	1,770	(158)
Income Before Taxes on Income	15,411	12,644	31,102	27,034
Provision for Income Taxes	4,372	3,239	8,679	6,753
Net Income	$ 11,039	$ 9,405	$ 22,423	$ 20,281
Earnings Per Share of Common Stock:
Basic Earnings Per Share	$ 0.30	$ 0.26	$ 0.61	$ 0.55
Diluted Earnings Per Share	0.30	0.25	0.60	0.54
Dividends Per Share of Common Stock
Dividends Per Share of Common Stock	$ 0.09	$ 0.08	$ 0.18	$ 0.16
Class A and B Common Stock:
Average Number of Shares Outstanding - Basic	36,921	36,793	36,929	36,951
Average Number of Shares Outstanding - Diluted	37,221	37,088	37,274	37,347

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 11,039	$ 9,405	$ 22,423	$ 20,281
Other comprehensive income (loss):
Available-for-sale securities, Pre-tax	(12)	41	(20)	15
Available-for-sale securities, Tax	3	(11)	5	(4)
Available-for-sale securities, Net of Tax	(9)	30	(15)	11
Postemployment severance actuarial change, Pre-tax	296	158	445	238
Postemployment severance actuarial change, Tax	(76)	(41)	(115)	(61)
Postemployment severance actuarial change, Net of Tax	220	117	330	177
Derivative gain (loss), Pre-tax	0	(2)	0	(11)
Derivative gain (loss), Tax	0	0	0	2
Derivative gain (loss), Net of Tax	0	(2)	0	(9)
Reclassification to (earnings) loss:
Amortization of actuarial change, Pre-tax	(90)	(103)	(178)	(202)
Amortization of actuarial change, Tax	23	27	46	52
Amortization of actuarial change, Net of Tax	(67)	(76)	(132)	(150)
Derivatives, Pre-tax	0	5	0	21
Derivatives, Tax	0	(1)	0	(5)
Derivatives, Net of Tax	0	4	0	16
Other comprehensive income (loss), Pre-tax	194	99	247	61
Other comprehensive income (loss), Tax	(50)	(26)	(64)	(16)
Other comprehensive income (loss), Net of Tax	144	73	183	45
Total comprehensive income	$ 11,183	$ 9,478	$ 22,606	$ 20,326

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Cash Flows From Operating Activities:
Net income		$ 22,423	$ 20,281
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		7,476	7,361
Amortization		1,068	959
Loss (Gain) on sales of assets		59	(1,164)
Restructuring and asset impairment charges		2,763	0
Deferred income tax and other deferred charges		(979)	(1,907)
Stock-based compensation		2,729	3,628
Other, net		2,220	(1,166)
Change in operating assets and liabilities:
Receivables		825	(1,486)
Inventories		(2,931)	(6,745)
Prepaid expenses and other current assets		(2,343)	2,795
Accounts payable		(7,057)	3,292
Customer deposits		7,883	5,596
Accrued expenses		(20,734)	(7,536)
Net cash provided by operating activities		13,402	23,908
Cash Flows From Investing Activities:
Capital expenditures		(12,038)	(10,346)
Proceeds from sales of assets		102	1,269
Cash paid for acquisition		0	(4,850)
Purchases of capitalized software		(1,471)	(374)
Purchases of available-for-sale securities		(13,975)	(26,196)
Maturities of available-for-sale securities		21,488	18,618
Other, net		(853)	30
Net cash used for investing activities		(6,747)	(21,849)
Cash Flows From Financing Activities:
Change in long-term debt		(25)	(23)
Dividends paid to shareholders		(6,286)	(5,562)
Repurchases of Common Stock		(1,266)	(9,130)
Repurchase of employee shares for tax withholding		(842)	(1,035)
Net cash used for financing activities		(8,419)	(15,750)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (1)	[1]	(1,764)	(13,691)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (1)	[1]	73,837	53,321
Cash, Cash Equivalents, and Restricted Cash at End of Period (1)	[1]	72,073	39,630
Cash paid during the period for:
Income taxes		9,063	2,641
Interest expense		$ 14	$ 69
[1]	The following table reconciles cash and cash equivalents in the balance sheets to cash, cash equivalents, and restricted cash per the statements of cash flows. 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. 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		Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018	Jun. 30, 2018
Cash and cash equivalents		$ 71,430	$ 73,196	$ 38,993	$ 52,663
Restricted cash included in Other Assets		643	641	637	658
Total Cash, Cash Equivalents, and Restricted Cash at end of period	[1]	$ 72,073	$ 73,837	$ 39,630	$ 53,321
[1]	The following table reconciles cash and cash equivalents in the balance sheets to cash, cash equivalents, and restricted cash per the statements of cash flows. 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. 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	Accumulated Other Comprehensive Income (Loss)	Treasury Stock
Shareowners’ Equity at Jun. 30, 2018	$ 193,024	$ 13	$ 2,138	$ 1,881	$ 249,945	$ 1,816	$ (62,769)
Net income	20,281				20,281
Other Comprehensive Income (Loss), Net of Tax	45					45
Issuance of non-restricted stock (6,000 shares in Q2'20, 9,000 shares in Q2'19, 15,000 shares YTD in FY'20, 21,000 shares YTD in FY'19)	(12)			(288)			276
Conversion of Class A to Class B common stock (55,000 shares in Q2'20, 7,000 shares in Q2'19, 57,000 shares YTD in FY'20, 7,000 shares YTD in FY'19)	0	0	0
Compensation expense related to stock incentive plans	3,628			3,628
Performance share issuance (0 shares in Q2'20, 0 shares in Q2'19, 67,000 shares YTD in FY'20, 81,000 shares YTD in FY'19)	(652)			(1,709)	0		1,057
Restricted share units issuance (0 shares in Q2'20, 15,000 shares in Q2'19, 0 shares YTD in FY'20, 15,000 shares YTD in FY'19)	(181)			(382)			201
Relative total shareholder return performance units issuance (0 shares in Q2'20, 0 shares in Q2'19, 48,000 shares YTD in FY'20, 27,000 shares YTD in FY'19)	(173)			(523)			350
Repurchase of Common Stock (65,000 shares in Q2'20, 371,000 shares in Q2'19, 65,000 shares YTD in FY'20, 567,000 shares YTD in FY'19)	(9,130)						(9,130)
Dividends declared ($0.09 per share in Q2'20, $0.08 per share in Q2'19, $0.18 per share YTD in FY'20, $0.16 per share YTD in FY'19)	(5,959)				(5,959)
Shareowners’ Equity at Dec. 31, 2018	200,871	13	2,138	2,607	264,267	1,861	(70,015)
Shareowners’ Equity at Sep. 30, 2018	198,684	13	2,138	1,431	257,825	1,788	(64,511)
Net income	9,405				9,405
Other Comprehensive Income (Loss), Net of Tax	73					73
Issuance of non-restricted stock (6,000 shares in Q2'20, 9,000 shares in Q2'19, 15,000 shares YTD in FY'20, 21,000 shares YTD in FY'19)	0			(125)			125
Conversion of Class A to Class B common stock (55,000 shares in Q2'20, 7,000 shares in Q2'19, 57,000 shares YTD in FY'20, 7,000 shares YTD in FY'19)	0	0	0
Compensation expense related to stock incentive plans	1,683			1,683
Restricted share units issuance (0 shares in Q2'20, 15,000 shares in Q2'19, 0 shares YTD in FY'20, 15,000 shares YTD in FY'19)	(181)			(382)			201
Repurchase of Common Stock (65,000 shares in Q2'20, 371,000 shares in Q2'19, 65,000 shares YTD in FY'20, 567,000 shares YTD in FY'19)	(5,830)						(5,830)
Dividends declared ($0.09 per share in Q2'20, $0.08 per share in Q2'19, $0.18 per share YTD in FY'20, $0.16 per share YTD in FY'19)	(2,963)				(2,963)
Shareowners’ Equity at Dec. 31, 2018	200,871	13	2,138	2,607	264,267	1,861	(70,015)
Shareowners’ Equity at Jun. 30, 2019	216,490	12	2,139	3,570	277,391	1,937	(68,559)
Net income	22,423				22,423
Other Comprehensive Income (Loss), Net of Tax	183					183
Issuance of non-restricted stock (6,000 shares in Q2'20, 9,000 shares in Q2'19, 15,000 shares YTD in FY'20, 21,000 shares YTD in FY'19)	0			(202)			202
Conversion of Class A to Class B common stock (55,000 shares in Q2'20, 7,000 shares in Q2'19, 57,000 shares YTD in FY'20, 7,000 shares YTD in FY'19)	0	(2)	2
Compensation expense related to stock incentive plans	3,080			3,080
Performance share issuance (0 shares in Q2'20, 0 shares in Q2'19, 67,000 shares YTD in FY'20, 81,000 shares YTD in FY'19)	(512)			(1,391)			879
Relative total shareholder return performance units issuance (0 shares in Q2'20, 0 shares in Q2'19, 48,000 shares YTD in FY'20, 27,000 shares YTD in FY'19)	(330)			(954)			624
Reclassification of equity-classified awards	(680)			(680)
Repurchase of Common Stock (65,000 shares in Q2'20, 371,000 shares in Q2'19, 65,000 shares YTD in FY'20, 567,000 shares YTD in FY'19)	(1,340)						(1,340)
Dividends declared ($0.09 per share in Q2'20, $0.08 per share in Q2'19, $0.18 per share YTD in FY'20, $0.16 per share YTD in FY'19)	(6,725)				(6,725)
Shareowners’ Equity at Dec. 31, 2019	232,589	10	2,141	3,423	293,089	2,120	(68,194)
Shareowners’ Equity at Sep. 30, 2019	225,032	12	2,139	2,438	285,405	1,976	(66,938)
Net income	11,039				11,039
Other Comprehensive Income (Loss), Net of Tax	144					144
Issuance of non-restricted stock (6,000 shares in Q2'20, 9,000 shares in Q2'19, 15,000 shares YTD in FY'20, 21,000 shares YTD in FY'19)	0			(84)			84
Conversion of Class A to Class B common stock (55,000 shares in Q2'20, 7,000 shares in Q2'19, 57,000 shares YTD in FY'20, 7,000 shares YTD in FY'19)	0	(2)	2
Compensation expense related to stock incentive plans	1,069			1,069
Repurchase of Common Stock (65,000 shares in Q2'20, 371,000 shares in Q2'19, 65,000 shares YTD in FY'20, 567,000 shares YTD in FY'19)	(1,340)						(1,340)
Dividends declared ($0.09 per share in Q2'20, $0.08 per share in Q2'19, $0.18 per share YTD in FY'20, $0.16 per share YTD in FY'19)	(3,355)				(3,355)
Shareowners’ Equity at Dec. 31, 2019	$ 232,589	$ 10	$ 2,141	$ 3,423	$ 293,089	$ 2,120	$ (68,194)

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Shareowners' Equity (unaudited) Shareowners' Equity Parentheticals - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Issuance of non-restricted stock, Shares	6,000	9,000	15,000	21,000
Conversion of Class A to Class B common stock, Shares	55,000	7,000	57,000	7,000
Performance Share Issuance, Shares	0	0	67,000	81,000
Restricted share units issuance	0	(15,000)	0	(15,000)
Relative total shareholder return performance units issuance, Shares	0	0	48,000	27,000
Repurchase of Common Stock, Shares	65,000	371,000	65,000	567,000
Dividends Per Share of Common Stock	$ 0.09	$ 0.08	$ 0.18	$ 0.16

Note 1. Basis of Presentation

Note 1. Basis of Presentation	6 Months Ended
	Dec. 31, 2019
Basis of Presentation [Abstract]
Business Description and Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Kimball International, Inc. (the “Company,” “Kimball International,” “we,” “us,” or “our”) have been prepared in accordance with the instructions to Form 10-Q. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted, although we believe that the disclosures are adequate to make the information presented not misleading. Intercompany transactions and balances have been eliminated. Management believes the financial statements include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial statements for the interim periods. The results of operations for the interim periods shown in this report are not necessarily indicative of results for any future interim period or for the entire fiscal year. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in our latest annual report on Form 10-K.

Note 2. Recent Accounting Prono

Note 2. Recent Accounting Pronouncements and Supplemental Information	6 Months Ended
	Dec. 31, 2019
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements and Supplemental Information	Recent Accounting Pronouncements and Supplemental Information Recently Adopted Accounting Pronouncements: In March 2017, the Financial Accounting Standards Board (“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. The guidance was effective for our first quarter of fiscal year 2020. The adoption did not have a material effect 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 also requires 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 they also issued another new standard in July 2018 that allows the option to apply the transition provisions at the adoption date instead of at the earliest comparative period in the condensed consolidated financial statements. In March 2019, the FASB issued clarifying guidance regarding interim transition disclosures. We adopted this lease guidance as of the beginning of our fiscal year 2020. We have assessed our portfolio of leases and compiled a central repository of leases, recording a right-of-use asset and a lease liability for all leases with a lease term of greater than twelve months. All changes required by the new standard, including accounting policies, controls, and disclosures, have been identified and implemented. See Note 6 - Leases in the Notes to Condensed Consolidated Financial Statements for additional information. 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 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 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. In May 2019, the FASB amended the new standard to allow entities to elect the fair value option on certain financial instruments that were previously recorded at amortized cost. In November 2019, the FASB amended the new standard to extend the disclosure relief for accrued interest receivable balances to additional relevant disclosures involving amortized cost basis. 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. 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. As of December 31, 2019 and June 30, 2019 our goodwill totaled $11.2 million . During the quarter ended December 31, 2019 , we assessed goodwill for impairment, and no goodwill impairment was recognized. Other Intangible Assets reported on the Condensed Consolidated Balance Sheets consist of capitalized software, 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: December 31, 2019 June 30, 2019 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Capitalized Software $ 41,161 $ 37,104 $ 4,057 $ 39,708 $ 36,662 $ 3,046 Customer Relationships 7,050 1,450 5,600 7,050 1,030 6,020 Trade Names 3,570 774 2,796 3,570 595 2,975 Non-Compete Agreements 100 43 57 100 33 67 Other Intangible Assets $ 51,881 $ 39,371 $ 12,510 $ 50,428 $ 38,320 $ 12,108 Amortization expense related to intangible assets was, in thousands, $547 and $1,068 during the quarter and year-to-date period ended December 31, 2019 , and $484 and $959 during the quarter and year-to-date period ended December 31, 2018 . Amortization expense in future periods is expected to be, in thousands, $1,143 for the remainder of fiscal year 2020, and $1,955 , $1,616 , $1,373 , and $1,201 in the four years ending June 30, 2024, and $5,222 thereafter. The estimated useful life of capitalized 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 . Capitalized 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 and non-compete agreements are amortized on a straight-line basis over their estimated useful lives. Capitalized customer relationships are amortized based on estimated attrition rates 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, 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 Six Months Ended December 31 December 31 (Amounts in Thousands) 2019 2018 2019 2018 Gain (Loss) on SERP Investments $ 716 $ (1,097 ) $ 774 $ (726 ) Other 1 (129 ) (56 ) (173 ) Non-operating income (expense), net $ 717 $ (1,226 ) $ 718 $ (899 )

Note 3. Restructuring (Notes)

Note 3. Restructuring (Notes)	6 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Transformation Restructuring Plan: In June 2019, we announced a transformation restructuring plan that is expected to optimize resources for future growth, improve efficiency, and build capabilities across our organization. We believe the transformation restructuring plan will establish a more cost-efficient structure to better align our operations with our long-term strategic goals. The transformation restructuring plan includes the following: • Our overall manufacturing facility footprint is being reviewed to reduce excess capacity and gain efficiencies by centralizing manufacturing operations. We plan to exit a leased seating manufacturing facility in Martinsville, Virginia as well as a David Edward production facility in Red Lion, Pennsylvania in the second half of fiscal year 2020 and are evaluating our production capabilities and capacity across our organization to identify additional opportunities. • The creation of center-led functions for finance, human resources, information technology and legal functions is expected to result in the standardization of processes and the elimination of duplication. In addition, we are centralizing our supply chain efforts to maximize supplier value and plan to drive more efficient practices and operations within our logistics function. • Kimball brand selling resources were reallocated to higher-growth markets. We also ceased use of four leased furniture showrooms across our brands during the first quarter of fiscal year 2020 and recognized impairment of the leases and associated leasehold improvements. The efforts are expected to generate annualized pre-tax savings of approximately $10.0 million when the transformation restructuring plan is fully implemented. We estimate that pre-tax restructuring charges incurred through the end of fiscal year 2020 will be approximately $9.0 million to $10.0 million . The restructuring charges are expected to consist of approximately $3.7 million to $4.0 million for severance and other employee-related costs, $2.5 million to $3.0 million for facility exit and other costs, and $2.8 million to $3.0 million for asset impairment. Approximately 65% of the total cost estimate is expected to be cash expense. A summary of the charges recorded in connection with the Transformation Restructuring Plan is as follows: Three Months Ended Six Months Ended Charges incurred to date (Amounts in Thousands) December 31, 2019 December 31, 2019 Cash-related restructuring charges: Severance and other employee related costs $ 785 $ 1,991 $ 2,654 Facility exit costs and other cash charges 523 992 1,195 Total cash-related restructuring charges $ 1,308 $ 2,983 $ 3,849 Non-cash charges: Transition stock compensation 184 654 725 Impairment (recovery) of assets (147 ) 2,058 2,058 Other non-cash charges 51 51 51 Total non-cash charges $ 88 $ 2,763 $ 2,834 Total charges $ 1,396 $ 5,746 $ 6,683 A summary of the current period activity in accrued restructuring related to the Transformation Restructuring Plan is as follows: (Amounts in Thousands) Severance and other employee related costs Facility exit and other costs Total Balance at June 30, 2019 $ 619 $ 203 $ 822 Additions charged to expense 2,322 379 2,701 Cash payments charged against reserve (1,617 ) (582 ) (2,199 ) Non-cash adjustments (150 ) — (150 ) Balance at December 31, 2019 $ 1,174 $ — $ 1,174 To date, we have recognized $6.7 million of restructuring costs related to the Transformation Restructuring Plan. We expect this restructuring plan to be complete by June 30, 2020. It is currently estimated that this plan will incur an additional $2.3 million to $3.3 million of future restructuring charges. We utilized available market prices and management estimates to determine the fair value of impaired assets. Restructuring is included in the Restructuring Expense line item on our Condensed Consolidated Statements of Income.

Note 4. Acquisition (Notes)

Note 4. Acquisition (Notes)	6 Months Ended
	Dec. 31, 2019
Acquisition [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	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. 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 two existing David Edward production facilities in Baltimore, Maryland and Red Lion, Pennsylvania. The purchase price allocation did not change from the amounts disclosed in our Annual Report on Form 10-K for 2019 and is final.

Note 5. Revenue (Notes)

Note 5. Revenue (Notes)	6 Months Ended
	Dec. 31, 2019
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Disaggregation of Revenue The following table provides information about revenue by vertical market: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Millions) 2019 2018 2019 2018 Commercial $ 55.8 $ 63.6 $ 111.0 $ 120.2 Education 20.1 18.1 54.8 52.7 Finance 16.8 18.1 34.0 36.3 Government 21.7 18.8 40.3 35.9 Healthcare 28.2 28.5 57.1 52.9 Hospitality 49.6 53.9 96.4 97.1 Total Net Sales $ 192.2 $ 201.0 $ 393.6 $ 395.1 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 Receivables in the Condensed Consolidated Balance Sheets 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. 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. Customer deposits are typically utilized within a year of the receipt of the deposit. The amount of revenue recognized during the six months ended December 31, 2019 that was included in the June 30, 2019 customer deposit balance was $24.0 million .

Note 6. Leases (Notes)

Note 6. Leases (Notes)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	Leases At the beginning of our fiscal year 2020, we adopted new accounting guidance (“ASC 842”) regarding leases on a prospective basis. This guidance requires lessees to record right-of-use assets and corresponding lease liabilities on the balance sheet. The effects of the initial application did not result in a cumulative adjustment to retained earnings. We recognize lease liabilities at the lease commencement date based upon the present value of the remaining lease payments. Right-of-use assets are based on the lease liability adjusted for prepaid rent, deferred rent, and tenant allowances received. Lease liabilities are amortized based upon the effective interest method, while right-of-use assets are amortized based upon the straight line expense less interest on the lease liability. Lease expense for lease payments is recognized on a straight-line basis over the lease term, except for impaired leases for which the lease expense is recognized on a declining basis over the remaining lease term. Variable lease expense associated with our leases is dependent upon the occurrence of events, activities, or circumstances in lease agreements, such as warehouse square footage utilized, property taxes assessed, and other non-lease component charges. Variable lease expense is presented as operating expense in our Condensed Consolidated Statements of Income and Comprehensive Income in the same line item as expense arising from fixed lease payments for operating leases. We have operating leases for showrooms, manufacturing facilities, warehouses, certain offices, and other facilities to support our operations in addition to select equipment that expire at various dates through 2028. We have no financing leases. Certain operating lease agreements include rental payments adjusted periodically for inflationary indexes. Additionally, some leases include options to renew or terminate the leases which can be exercised at our discretion. Lease terms include the noncancellable portion of the underlying leases along with any reasonably certain lease periods associated with available renewal periods. Our leases do not contain residual value guarantees or material restrictive covenants. As the rate implicit in our lease contracts cannot be readily determined, we use an estimated incremental borrowing rate based on the information available at the lease commencement date in determining the present value of the lease payments. The estimated incremental borrowing rate represents the estimated rate of interest we would have to pay to borrow an amount equal to the lease payments for a similar period of time on a collateralized basis. The components of our lease expenses are as follows: Three Months Ended Six Months Ended (Amounts in Millions) December 31, 2019 December 31, 2019 Operating lease expense $ 0.8 $ 1.6 Variable lease expense 0.6 1.3 Total lease expense $ 1.4 $ 2.9 Right-of-use assets for operating leases are tested for impairment in the same manner as long-lived assets used in operations. During the first quarter of fiscal year 2020, we recorded $2.2 million of right-of-use asset and associated leasehold improvement impairment resulting from ceasing use of four furniture showrooms after the implementation of ASC 842 as part of our transformation restructuring plan. The impairment is included in the Restructuring Expense line item on our Condensed Consolidated Statements of Income. Supplemental cash flow and other information related to leases are as follows: Six Months Ended (Amounts in Millions) December 31, 2019 Cash flow information: Operating lease payments impacting lease liability $ 2.4 Leased assets obtained in exchange for operating lease liabilities $ 0.1 As of (Amounts in Millions) December 31, 2019 Other information: Weighted-average remaining term (in years) 6.0 Weighted-average discount rate 4.6 % The following table summarizes the future minimum lease payments as of December 31, 2019: Fiscal Year Ended (Amounts in Millions) June 30 (1) 2020 $ 2.2 2021 4.5 2022 4.3 2023 3.8 2024 3.1 Thereafter 6.2 Total lease payments $ 24.1 Less interest $ 3.1 Present value of lease liabilities $ 21.0 (1) Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced. At December 31, 2019, we have an additional operating lease that has not yet commenced for which we will record a right-of-use asset and lease liability of $1.6 million . The lease will commence in our third quarter of fiscal year 2020 with a lease term of approximately 7 years . The following table summarizes the future minimum lease payments as of June 30, 2019 before adoption of ASC 842: Fiscal Year Ended (Amounts in Millions) June 30 2020 $ 4.6 2021 4.2 2022 4.1 2023 3.6 2024 2.5 Thereafter 3.8 Total lease payments $ 22.8 Practical Expedients Elected We elected the following practical expedients as a result of adopting ASC 842: • We elected not to separate non-lease components of a contract from the lease components to which they relate for all classes of lease assets. • We elected the package of practical expedients available for transition which allowed us not to reassess (1) whether any expired or existing contracts contain leases, (2) the classification of the leases as operating or finance and (3) the amount of initial direct costs associated with the leases. • We elected that our date of initial application be the beginning of our period of adoption which was July 1, 2019. • We elected not to recognize a right-of-use asset or lease liability for short-term leases that have a lease term of twelve months or less. • We elected not to assess whether land easements that were not previously accounted for as leases are or contain a lease. • We did not elect to use hindsight in determining the lease term and in assessing the likelihood that a lessee purchase option will be exercised.

Note 7. Earnings Per Share (Not

Note 7. Earnings Per Share (Notes)	6 Months Ended
	Dec. 31, 2019
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 Six Months Ended December 31 December 31 (Amounts in Thousands, Except for Per Share Data) 2019 2018 2019 2018 Net Income $ 11,039 $ 9,405 $ 22,423 $ 20,281 Average Shares Outstanding for Basic EPS Calculation 36,921 36,793 36,929 36,951 Dilutive Effect of Average Outstanding Compensation Awards 300 295 345 396 Average Shares Outstanding for Diluted EPS Calculation 37,221 37,088 37,274 37,347 Basic Earnings Per Share $ 0.30 $ 0.26 $ 0.61 $ 0.55 Diluted Earnings Per Share $ 0.30 $ 0.25 $ 0.60 $ 0.54

Note 8. Income Taxes (Notes)

Note 8. Income Taxes (Notes)	6 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	Income Taxes In determining the quarterly provision for income taxes, we use an estimated annual effective tax rate which is based on expected annual income, statutory tax rates, and available tax planning opportunities in the various jurisdictions in which we operate. Unusual or infrequently occurring items are separately recognized in the quarter in which they occur. Our effective tax rate was 28.4% and 27.9% , respectively, for the three and six months ended December 31, 2019 , and was higher than statutory rates primarily due to nondeductible expenses and a prior year state tax provision adjustment that impacted the first quarter of fiscal year 2020. Our effective tax rate was 25.6% and 25.0% , respectively, for the three and six months ended December 31, 2018 , which approximated the combined federal and state statutory rate.

Note 9. Inventories

Note 9. Inventories	6 Months Ended
	Dec. 31, 2019
Inventories [Abstract]
Inventory Disclosure	Inventories Inventory components were as follows: (Amounts in Thousands) December 31, 2019 June 30, Finished products $ 29,534 $ 26,304 Work-in-process 1,961 2,455 Raw materials 34,718 34,335 Total FIFO inventory 66,213 63,094 LIFO reserve, net (16,470 ) (16,282 ) Total inventory $ 49,743 $ 46,812 For interim reporting, LIFO inventories are computed based on quantities as of the end of the quarter and interim changes in price levels. Changes in quantities and price levels are reflected in the interim financial statements in the period in which they occur, except in cases where LIFO inventory liquidations are expected to be reinstated by fiscal year end. The earnings impact of LIFO inventory liquidations during the three and six month periods ended December 31, 2019 and 2018 was immaterial.

Note 10. Accumulated Other Comp

Note 10. Accumulated Other Comprehensive Income	6 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income [Abstract]
Accumulated Comprehensive Income	Accumulated Other Comprehensive Income During the three months ended December 31, 2019 and 2018 , 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 September 30, 2019 $ 17 $ 1,959 $ — $ 1,976 Other comprehensive income (loss) before reclassifications (9 ) 220 — 211 Reclassification to (earnings) loss — (67 ) — (67 ) Net current-period other comprehensive income (loss) (9 ) 153 — 144 Balance at December 31, 2019 $ 8 $ 2,112 $ — $ 2,120 Balance at September 30, 2018 $ (50 ) $ 1,840 $ (2 ) $ 1,788 Other comprehensive income (loss) before reclassifications 30 117 (2 ) 145 Reclassification to (earnings) loss — (76 ) 4 (72 ) Net current-period other comprehensive income (loss) 30 41 2 73 Balance at December 31, 2018 $ (20 ) $ 1,881 $ — $ 1,861 During the six months ended December 31, 2019 and 2018 , 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, 2019 $ 23 $ 1,914 $ — $ 1,937 Other comprehensive income (loss) before reclassifications (15 ) 330 — 315 Reclassification to (earnings) loss — (132 ) — (132 ) Net current-period other comprehensive income (loss) (15 ) 198 — 183 Balance at December 31, 2019 $ 8 $ 2,112 $ — $ 2,120 Balance at June 30, 2018 $ (31 ) $ 1,854 $ (7 ) $ 1,816 Other comprehensive income (loss) before reclassifications 11 177 (9 ) 179 Reclassification to (earnings) loss — (150 ) 16 (134 ) Net current-period other comprehensive income (loss) 11 27 7 45 Balance at December 31, 2018 $ (20 ) $ 1,881 $ — $ 1,861 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 Six Months Ended Affected Line Item in the Condensed Consolidated Statements of Income December 31, December 31, (Amounts in Thousands) 2019 2018 2019 2018 Postemployment Benefits Amortization of Actuarial Gain (1) $ 90 $ 103 $ 178 $ 202 Non-operating income (expense), net (23 ) (27 ) (46 ) (52 ) Benefit (Provision) for Income Taxes $ 67 $ 76 $ 132 $ 150 Net Income Derivative Gain (Loss) $ — $ (5 ) $ — $ (21 ) Non-operating income (expense), net — 1 — 5 Benefit (Provision) for Income Taxes $ — $ (4 ) $ — $ (16 ) Net Income Total Reclassifications for the Period $ 67 $ 72 $ 132 $ 134 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 15 - Postemployment Benefits in the Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans.

Note 11. Commitments and Contin

Note 11. Commitments and Contingent Liabilities	6 Months Ended
	Dec. 31, 2019
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 December 31, 2019 , we had a maximum financial exposure from unused standby letters of credit totaling $1.5 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 performance bonds totaling $5.4 million as of December 31, 2019 . 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 December 31, 2019 with respect to the standby letters of credit. 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 six months ended December 31, 2019 and 2018 were as follows: Six Months Ended December 31 (Amounts in Thousands) 2019 2018 Product Warranty Liability at the beginning of the period $ 2,238 $ 2,294 Additions to warranty accrual (including changes in estimates) 285 354 Settlements made (in cash or in kind) (422 ) (606 ) Product Warranty Liability at the end of the period $ 2,101 $ 2,042

Note 12. Fair Value

Note 12. Fair Value	6 Months Ended
	Dec. 31, 2019
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 six months ended December 31, 2019 . 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, 2019 . 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 13 - 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 14 - 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 six months ended December 31, 2019 . 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 in a start-up phase. 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. 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 December 31, 2019 and June 30, 2019 , the fair values of financial assets that are measured at fair value on a recurring basis using the market or income approach are categorized as follows: December 31, 2019 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 38,147 $ — $ — $ 38,147 Cash equivalents: Commercial paper — 31,655 — 31,655 Available-for-sale securities: Secondary market certificates of deposit — 5,970 — 5,970 Available-for-sale securities: Municipal bonds — 875 — 875 Available-for-sale securities: U.S. Treasury and federal agencies — 18,803 — 18,803 Trading Securities: Mutual funds in nonqualified SERP 12,690 — — 12,690 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 50,837 $ 57,303 $ 1,500 $ 109,640 June 30, 2019 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 40,016 $ — $ — $ 40,016 Cash equivalents: Commercial paper — 29,408 — 29,408 Available-for-sale securities: Secondary market certificates of deposit — 11,230 — 11,230 Available-for-sale securities: Municipal bonds — 1,922 — 1,922 Available-for-sale securities: U.S. Treasury and federal agencies — 19,919 — 19,919 Trading Securities: Mutual funds in nonqualified SERP 11,774 — — 11,774 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 51,790 $ 62,479 $ 1,500 $ 115,769 Liabilities Contingent earn-out liability — — 360 360 Total liabilities at fair value $ — $ — $ 360 $ 360 The fair value of the contingent earn-out liability as of June 30, 2019 of $0.4 million was paid out during the quarter ended September 30, 2019, relating to fiscal year 2019 performance of D’style, an acquired business. 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 13 - Investments in the Notes to Condensed Consolidated Financial Statements for further information regarding the SERP. Non-Recurring Fair Value Measurements: Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments when events or circumstances indicate a significant adverse effect on the fair value of the asset. Assets that are written down to fair value when impaired are not subsequently adjusted to fair value unless further impairment occurs. Non-recurring Fair Value Adjustment Level Valuation Technique/Inputs Used Impairment of Leases 3 Income - Based on a valuation model that measures the present value of remaining lease payments less estimated sublease income at a discount rate that captures the risk associated with the future cash flows. During the first quarter of fiscal year 2020, due to ceasing use of four showrooms related to the Transformation Restructuring Plan, we recognized an impairment loss of $2.2 million to reduce the related asset groups to fair value. The impairment loss is included as a component of the Restructuring Expense line item on our Condensed Consolidated Statements of Income. The asset groups used to calculate impairment included the right-of-use lease assets, leasehold improvements, and lease liabilities. 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 13 - 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, customer deposits, and dividends payable approximates fair value due to the relatively short maturity and immaterial non-performance risk.

Note 13. Investments

Note 13. Investments	6 Months Ended
	Dec. 31, 2019
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): December 31, 2019 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Within one year $ 5,220 $ 875 $ 18,803 After one year through two years 750 — — Total Fair Value $ 5,970 $ 875 $ 18,803 All investments are classified as available-for-sale securities which are recorded at fair value. See Note 12 - 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 Shareholders’ Equity. December 31, 2019 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 5,970 $ 875 $ 18,791 Unrealized holding gains — — 12 Unrealized holding losses — — — Fair Value $ 5,970 $ 875 $ 18,803 June 30, 2019 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 11,230 $ 1,921 $ 19,888 Unrealized holding gains — 1 31 Unrealized holding losses — — — Fair Value $ 11,230 $ 1,922 $ 19,919 No investments were in a continuous unrealized loss position for greater than twelve months as of December 31, 2019 . There were no realized gains or losses as a result of sales in the three and six months ended December 31, 2019 and December 31, 2018 . 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 the Other Income (Expense) section of the Condensed Consolidated Statements of Income. Adjustments made to revalue the SERP liability are also recognized in income or expense as selling and administrative expenses and offset valuation adjustments on SERP investment assets. Net unrealized holding gains (losses) for the six months ended December 31, 2019 and 2018 were, in thousands, $418 and $(1,089) , respectively. SERP asset and liability balances were as follows: (Amounts in Thousands) December 31, June 30, SERP investments - current asset $ 3,151 $ 3,087 SERP investments - other long-term asset 9,539 8,687 Total SERP investments $ 12,690 $ 11,774 SERP obligation - current liability $ 3,151 $ 3,087 SERP obligation - other long-term liability 9,539 8,687 Total SERP obligation $ 12,690 $ 11,774 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 12 - 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 14. Derivative Instruments

Note 14. Derivative Instruments	6 Months Ended
	Dec. 31, 2019
Derivative Instruments [Abstract]
Derivative Instruments and Hedging Activities Disclosure	Derivative Instruments 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 December 31, 2019 , the change in fair value of the stock warrants was not significant. See Note 12 - Fair Value in the Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities.

Note 15. Postemployment Benefit

Note 15. Postemployment Benefits	6 Months Ended
	Dec. 31, 2019
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 Six Months Ended December 31 December 31 (Amounts in Thousands) 2019 2018 2019 2018 Service cost $ 119 $ 126 $ 245 $ 253 Interest cost 18 24 37 47 Amortization of actuarial income (90 ) (103 ) (178 ) (202 ) Net periodic benefit cost $ 47 $ 47 $ 104 $ 98 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, such as restructuring actions, are not estimable using actuarial methods and are expensed in accordance with the applicable U.S. GAAP.

Note 16. Stock Compensation

Note 16. Stock Compensation	6 Months Ended
	Dec. 31, 2019
Stock Compensation Plan [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments	Stock Compensation Stock-based compensation expense during the quarter and year-to-date period ended December 31, 2019 was $1.1 million and $3.2 million , respectively, and during the quarter and year-to-date period ended December 31, 2018 , was $1.7 million and $3.6 million , respectively. The total income tax benefit for stock compensation arrangements during the quarter and year-to-date period ended December 31, 2019 , was $0.3 million and $0.8 million , respectively, and during the quarter and year-to-date period ended December 31, 2018 , was $0.4 million and $0.9 million , respectively. During fiscal year 2020 , 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, 2019 . Type of Award Quarter Awarded Targeted Shares or Units Grant Date Fair Value (5) Annual Performance Shares (1) 1st Quarter 34,305 $16.85 - $16.93 Relative Total Shareholder Return Performance Units (2) 1st Quarter 28,080 $21.25 Restricted Stock Units (3) 1st Quarter 188,588 $16.85 - $17.24 Restricted Stock Units (3) 2nd Quarter 2,500 $20.46 Unrestricted Shares (4) 1st Quarter 9,091 $17.19 Unrestricted Shares (4) 2nd Quarter 6,321 $19.18 (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 invested capital during fiscal year 2020, 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 68,610 . Annual performance shares vest on June 30, 2020. (2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2022. 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 56,160 . (3) Restricted stock units were awarded to officers and employees. Also, in connection with the redesign of the Company’s annual cash incentive plan certain employees were awarded time-based retention and performance-based transition units. The number of performance-based transition units to be issued will be dependent upon the Company’s EBITDA during fiscal year 2020, with a percentage payout ranging from 0% to 100% of the target. The maximum number of units that can be issued under the performance-based transition awards is 35,598 . The Company also awarded performance-based transformation units that will earn from 0% to 100% of the target award depending upon the Company’s reduction of operating costs and EBITDA during fiscal year 2020. The maximum number of units that can be issued under the performance-based transformation award is 2,165 . Vesting occurs at June 30, 2020, June 30, 2021, and June 30, 2022. Dividends accumulate over the vesting period for all awards except the time-based retention and performance-based transition awards. (4) Unrestricted shares were awarded to non-employee members of the Board of Directors as consideration for service to Kimball International and do not have vesting periods, holding periods, restrictions on sale, or other restrictions. (5) The grant date fair value of annual performance shares and restricted stock units that do not receive dividends was 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 or certain restricted stock unit 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 stock units that receive dividends and unrestricted shares was based on the stock price at the date of the award.

Note 17. Variable Interest Enti

Note 17. Variable Interest Entities	6 Months Ended
	Dec. 31, 2019
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 December 31, 2019 and June 30, 2019 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 12 - Fair Value in the Notes to Condensed Consolidated Financial Statements. The carrying value of the notes receivable for independent dealership financing were $1.0 million at both December 31, 2019 and June 30, 2019 and was 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 December 31, 2019 .

Note 18. Credit Quality and All

Note 18. Credit Quality and Allowance for Credit Losses of Notes Receivable	6 Months Ended
	Dec. 31, 2019
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 December 31, 2019 and June 30, 2019 , we had no material past due outstanding notes receivable. As of December 31, 2019 As of June 30, 2019 (Amounts in Thousands) Unpaid Balance Related Allowance Receivable Net of Allowance Unpaid Balance Related Allowance Receivable Net of Allowance Independent Dealership Financing $ 1,022 $ — $ 1,022 $ 1,010 $ — $ 1,010 Other Notes Receivable 370 370 — 122 122 — Total $ 1,392 $ 370 $ 1,022 $ 1,132 $ 122 $ 1,010

Note 1. Basis of Presentation (

Note 1. Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2019
Basis of Presentation [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Kimball International, Inc. (the “Company,” “Kimball International,” “we,” “us,” or “our”) have been prepared in accordance with the instructions to Form 10-Q. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted, although we believe that the disclosures are adequate to make the information presented not misleading. Intercompany transactions and balances have been eliminated. Management believes the financial statements include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial statements for the interim periods. The results of operations for the interim periods shown in this report are not necessarily indicative of results for any future interim period or for the entire fiscal year. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in our latest annual report on Form 10-K.

Note 2. Recent Accounting Pro_2

Note 2. Recent Accounting Pronouncements and Supplemental Information (Policies)	6 Months Ended
	Dec. 31, 2019
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements: In March 2017, the Financial Accounting Standards Board (“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. The guidance was effective for our first quarter of fiscal year 2020. The adoption did not have a material effect 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 also requires 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 they also issued another new standard in July 2018 that allows the option to apply the transition provisions at the adoption date instead of at the earliest comparative period in the condensed consolidated financial statements. In March 2019, the FASB issued clarifying guidance regarding interim transition disclosures. We adopted this lease guidance as of the beginning of our fiscal year 2020. We have assessed our portfolio of leases and compiled a central repository of leases, recording a right-of-use asset and a lease liability for all leases with a lease term of greater than twelve months. All changes required by the new standard, including accounting policies, controls, and disclosures, have been identified and implemented. See Note 6 - Leases in the Notes to Condensed Consolidated Financial Statements for additional information. 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 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 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. In May 2019, the FASB amended the new standard to allow entities to elect the fair value option on certain financial instruments that were previously recorded at amortized cost. In November 2019, the FASB amended the new standard to extend the disclosure relief for accrued interest receivable balances to additional relevant disclosures involving amortized cost basis. 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.
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.
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.
Intangible Assets	Capitalized 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 and non-compete agreements are amortized on a straight-line basis over their estimated useful lives. Capitalized customer relationships are amortized based on estimated attrition rates of customers.
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	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, 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 3. Restructuring (Policies

Note 3. Restructuring (Policies)	6 Months Ended
	Dec. 31, 2019
Restructuring and Related Activities [Abstract]
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	We utilized available market prices and management estimates to determine the fair value of impaired assets. Restructuring is included in the Restructuring Expense line item on our Condensed Consolidated Statements of Income.

Note 6. Leases (Policies)

Note 6. Leases (Policies)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Recognition of Asset and Liability for Lease [Policy Text Block]	We recognize lease liabilities at the lease commencement date based upon the present value of the remaining lease payments. Right-of-use assets are based on the lease liability adjusted for prepaid rent, deferred rent, and tenant allowances received. Lease liabilities are amortized based upon the effective interest method, while right-of-use assets are amortized based upon the straight line expense less interest on the lease liability. Lease expense for lease payments is recognized on a straight-line basis over the lease term, except for impaired leases for which the lease expense is recognized on a declining basis over the remaining lease term. Variable lease expense associated with our leases is dependent upon the occurrence of events, activities, or circumstances in lease agreements, such as warehouse square footage utilized, property taxes assessed, and other non-lease component charges. Variable lease expense is presented as operating expense in our Condensed Consolidated Statements of Income and Comprehensive Income in the same line item as expense arising from fixed lease payments for operating leases.
Separation of Lease and Nonlease Components [Policy Text Block]	We elected not to separate non-lease components of a contract from the lease components to which they relate for all classes of lease assets
Short-term Leases [Policy Text Block]	We elected not to recognize a right-of-use asset or lease liability for short-term leases that have a lease term of twelve months or less.

Note 8. Income Taxes (Policies)

Note 8. Income Taxes (Policies)	6 Months Ended
	Dec. 31, 2019
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 9. Inventories (Policies)

Note 9. Inventories (Policies)	6 Months Ended
	Dec. 31, 2019
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 11. Commitments and Cont_2

Note 11. Commitments and Contingent Liabilities (Policies)	6 Months Ended
	Dec. 31, 2019
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 12. Fair Value (Policies)

Note 12. Fair Value (Policies)	6 Months Ended
	Dec. 31, 2019
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 six months ended December 31, 2019 . 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, 2019 .
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 in a start-up phase. 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. 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.
Fair Value Measurement, Non-recurring, Policy [Policy Text Block]	Certain assets are measured at fair value on a non-recurring basis. These assets are not measured at fair value on an ongoing basis but are subject to fair value adjustments when events or circumstances indicate a significant adverse effect on the fair value of the asset. Assets that are written down to fair value when impaired are not subsequently adjusted to fair value unless further impairment occurs. Non-recurring Fair Value Adjustment Level Valuation Technique/Inputs Used Impairment of Leases 3 Income - Based on a valuation model that measures the present value of remaining lease payments less estimated sublease income at a discount rate that captures the risk associated with the future cash flows.
Fair Value of 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 13. Investments (Policies)

Note 13. Investments (Policies)	6 Months Ended
	Dec. 31, 2019
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 16. Stock Compensation (Po

Note 16. Stock Compensation (Policies)	6 Months Ended
	Dec. 31, 2019
Stock Compensation Plan [Abstract]
Share-based Payment Arrangement [Policy Text Block]	The grant date fair value of annual performance shares and restricted stock units that do not receive dividends was 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 or certain restricted stock unit 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 stock units that receive dividends 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)	6 Months Ended
	Dec. 31, 2019
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of intangible assets subject to amortization is as follows: December 31, 2019 June 30, 2019 (Amounts in Thousands) Cost Accumulated Amortization Net Value Cost Accumulated Amortization Net Value Capitalized Software $ 41,161 $ 37,104 $ 4,057 $ 39,708 $ 36,662 $ 3,046 Customer Relationships 7,050 1,450 5,600 7,050 1,030 6,020 Trade Names 3,570 774 2,796 3,570 595 2,975 Non-Compete Agreements 100 43 57 100 33 67 Other Intangible Assets $ 51,881 $ 39,371 $ 12,510 $ 50,428 $ 38,320 $ 12,108
Components of Non-operating income (expense), net	Components of the Non-operating income (expense), net line, were: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Thousands) 2019 2018 2019 2018 Gain (Loss) on SERP Investments $ 716 $ (1,097 ) $ 774 $ (726 ) Other 1 (129 ) (56 ) (173 ) Non-operating income (expense), net $ 717 $ (1,226 ) $ 718 $ (899 )

Note 3. Restructuring (Tables)

Note 3. Restructuring (Tables)	6 Months Ended
	Dec. 31, 2019
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Costs [Table Text Block]	A summary of the charges recorded in connection with the Transformation Restructuring Plan is as follows: Three Months Ended Six Months Ended Charges incurred to date (Amounts in Thousands) December 31, 2019 December 31, 2019 Cash-related restructuring charges: Severance and other employee related costs $ 785 $ 1,991 $ 2,654 Facility exit costs and other cash charges 523 992 1,195 Total cash-related restructuring charges $ 1,308 $ 2,983 $ 3,849 Non-cash charges: Transition stock compensation 184 654 725 Impairment (recovery) of assets (147 ) 2,058 2,058 Other non-cash charges 51 51 51 Total non-cash charges $ 88 $ 2,763 $ 2,834 Total charges $ 1,396 $ 5,746 $ 6,683
Accrued Restructuring Charges Activity [Table Text Block]	A summary of the current period activity in accrued restructuring related to the Transformation Restructuring Plan is as follows: (Amounts in Thousands) Severance and other employee related costs Facility exit and other costs Total Balance at June 30, 2019 $ 619 $ 203 $ 822 Additions charged to expense 2,322 379 2,701 Cash payments charged against reserve (1,617 ) (582 ) (2,199 ) Non-cash adjustments (150 ) — (150 ) Balance at December 31, 2019 $ 1,174 $ — $ 1,174

Note 5. Revenue (Tables)

Note 5. Revenue (Tables)	6 Months Ended
	Dec. 31, 2019
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table provides information about revenue by vertical market: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Millions) 2019 2018 2019 2018 Commercial $ 55.8 $ 63.6 $ 111.0 $ 120.2 Education 20.1 18.1 54.8 52.7 Finance 16.8 18.1 34.0 36.3 Government 21.7 18.8 40.3 35.9 Healthcare 28.2 28.5 57.1 52.9 Hospitality 49.6 53.9 96.4 97.1 Total Net Sales $ 192.2 $ 201.0 $ 393.6 $ 395.1

Note 6. Leases (Tables)

Note 6. Leases (Tables)	6 Months Ended
	Dec. 31, 2019
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of our lease expenses are as follows: Three Months Ended Six Months Ended (Amounts in Millions) December 31, 2019 December 31, 2019 Operating lease expense $ 0.8 $ 1.6 Variable lease expense 0.6 1.3 Total lease expense $ 1.4 $ 2.9
Supplemental cash flow and other information related to leases [Table Text Block]	Supplemental cash flow and other information related to leases are as follows: Six Months Ended (Amounts in Millions) December 31, 2019 Cash flow information: Operating lease payments impacting lease liability $ 2.4 Leased assets obtained in exchange for operating lease liabilities $ 0.1 As of (Amounts in Millions) December 31, 2019 Other information: Weighted-average remaining term (in years) 6.0 Weighted-average discount rate 4.6 %
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	The following table summarizes the future minimum lease payments as of December 31, 2019: Fiscal Year Ended (Amounts in Millions) June 30 (1) 2020 $ 2.2 2021 4.5 2022 4.3 2023 3.8 2024 3.1 Thereafter 6.2 Total lease payments $ 24.1 Less interest $ 3.1 Present value of lease liabilities $ 21.0 (1) Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced. At December 31, 2019, we have an additional operating lease that has not yet commenced for which we will record a right-of-use asset and lease liability of $1.6 million . The lease will commence in our third quarter of fiscal year 2020 with a lease term of approximately 7 years .
Lessee, Operating Lease, Disclosure [Table Text Block]	The following table summarizes the future minimum lease payments as of June 30, 2019 before adoption of ASC 842: Fiscal Year Ended (Amounts in Millions) June 30 2020 $ 4.6 2021 4.2 2022 4.1 2023 3.6 2024 2.5 Thereafter 3.8 Total lease payments $ 22.8

Note 7. Earnings Per Share (Tab

Note 7. Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended Six Months Ended December 31 December 31 (Amounts in Thousands, Except for Per Share Data) 2019 2018 2019 2018 Net Income $ 11,039 $ 9,405 $ 22,423 $ 20,281 Average Shares Outstanding for Basic EPS Calculation 36,921 36,793 36,929 36,951 Dilutive Effect of Average Outstanding Compensation Awards 300 295 345 396 Average Shares Outstanding for Diluted EPS Calculation 37,221 37,088 37,274 37,347 Basic Earnings Per Share $ 0.30 $ 0.26 $ 0.61 $ 0.55 Diluted Earnings Per Share $ 0.30 $ 0.25 $ 0.60 $ 0.54

Note 9. Inventories (Tables)

Note 9. Inventories (Tables)	6 Months Ended
	Dec. 31, 2019
Inventories [Abstract]
Schedule of Inventory, Current	Inventory components were as follows: (Amounts in Thousands) December 31, 2019 June 30, Finished products $ 29,534 $ 26,304 Work-in-process 1,961 2,455 Raw materials 34,718 34,335 Total FIFO inventory 66,213 63,094 LIFO reserve, net (16,470 ) (16,282 ) Total inventory $ 49,743 $ 46,812

Note 10. Accumulated Other Co_2

Note 10. Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Dec. 31, 2019
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income	During the three months ended December 31, 2019 and 2018 , 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 September 30, 2019 $ 17 $ 1,959 $ — $ 1,976 Other comprehensive income (loss) before reclassifications (9 ) 220 — 211 Reclassification to (earnings) loss — (67 ) — (67 ) Net current-period other comprehensive income (loss) (9 ) 153 — 144 Balance at December 31, 2019 $ 8 $ 2,112 $ — $ 2,120 Balance at September 30, 2018 $ (50 ) $ 1,840 $ (2 ) $ 1,788 Other comprehensive income (loss) before reclassifications 30 117 (2 ) 145 Reclassification to (earnings) loss — (76 ) 4 (72 ) Net current-period other comprehensive income (loss) 30 41 2 73 Balance at December 31, 2018 $ (20 ) $ 1,881 $ — $ 1,861 During the six months ended December 31, 2019 and 2018 , 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, 2019 $ 23 $ 1,914 $ — $ 1,937 Other comprehensive income (loss) before reclassifications (15 ) 330 — 315 Reclassification to (earnings) loss — (132 ) — (132 ) Net current-period other comprehensive income (loss) (15 ) 198 — 183 Balance at December 31, 2019 $ 8 $ 2,112 $ — $ 2,120 Balance at June 30, 2018 $ (31 ) $ 1,854 $ (7 ) $ 1,816 Other comprehensive income (loss) before reclassifications 11 177 (9 ) 179 Reclassification to (earnings) loss — (150 ) 16 (134 ) Net current-period other comprehensive income (loss) 11 27 7 45 Balance at December 31, 2018 $ (20 ) $ 1,881 $ — $ 1,861
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 Six Months Ended Affected Line Item in the Condensed Consolidated Statements of Income December 31, December 31, (Amounts in Thousands) 2019 2018 2019 2018 Postemployment Benefits Amortization of Actuarial Gain (1) $ 90 $ 103 $ 178 $ 202 Non-operating income (expense), net (23 ) (27 ) (46 ) (52 ) Benefit (Provision) for Income Taxes $ 67 $ 76 $ 132 $ 150 Net Income Derivative Gain (Loss) $ — $ (5 ) $ — $ (21 ) Non-operating income (expense), net — 1 — 5 Benefit (Provision) for Income Taxes $ — $ (4 ) $ — $ (16 ) Net Income Total Reclassifications for the Period $ 67 $ 72 $ 132 $ 134 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 15 - Postemployment Benefits in the Notes to Condensed Consolidated Financial Statements for further information on postemployment benefit plans.

Note 11. Commitments and Cont_3

Note 11. Commitments and Contingent Liabilities (Tables)	6 Months Ended
	Dec. 31, 2019
Commitments and Contingent Liabilities [Abstract]
Schedule of Product Warranty Liability	Changes in the product warranty accrual for the six months ended December 31, 2019 and 2018 were as follows: Six Months Ended December 31 (Amounts in Thousands) 2019 2018 Product Warranty Liability at the beginning of the period $ 2,238 $ 2,294 Additions to warranty accrual (including changes in estimates) 285 354 Settlements made (in cash or in kind) (422 ) (606 ) Product Warranty Liability at the end of the period $ 2,101 $ 2,042

Note 12. Fair Value (Tables)

Note 12. Fair Value (Tables)	6 Months Ended
	Dec. 31, 2019
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 in a start-up phase. 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. 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 December 31, 2019 and June 30, 2019 , the fair values of financial assets that are measured at fair value on a recurring basis using the market or income approach are categorized as follows: December 31, 2019 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 38,147 $ — $ — $ 38,147 Cash equivalents: Commercial paper — 31,655 — 31,655 Available-for-sale securities: Secondary market certificates of deposit — 5,970 — 5,970 Available-for-sale securities: Municipal bonds — 875 — 875 Available-for-sale securities: U.S. Treasury and federal agencies — 18,803 — 18,803 Trading Securities: Mutual funds in nonqualified SERP 12,690 — — 12,690 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 50,837 $ 57,303 $ 1,500 $ 109,640 June 30, 2019 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 40,016 $ — $ — $ 40,016 Cash equivalents: Commercial paper — 29,408 — 29,408 Available-for-sale securities: Secondary market certificates of deposit — 11,230 — 11,230 Available-for-sale securities: Municipal bonds — 1,922 — 1,922 Available-for-sale securities: U.S. Treasury and federal agencies — 19,919 — 19,919 Trading Securities: Mutual funds in nonqualified SERP 11,774 — — 11,774 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 51,790 $ 62,479 $ 1,500 $ 115,769 Liabilities Contingent earn-out liability — — 360 360 Total liabilities at fair value $ — $ — $ 360 $ 360
Non-recurring Fair Value Adjustment Technique [Table Text Block]	Non-recurring Fair Value Adjustment Level Valuation Technique/Inputs Used Impairment of Leases 3 Income - Based on a valuation model that measures the present value of remaining lease payments less estimated sublease income at a discount rate that captures the risk associated with the future cash flows.
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 13. Investments (Tables)

Note 13. Investments (Tables)	6 Months Ended
	Dec. 31, 2019
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): December 31, 2019 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Within one year $ 5,220 $ 875 $ 18,803 After one year through two years 750 — — Total Fair Value $ 5,970 $ 875 $ 18,803
Unrealized Gain (Loss) on Investments	December 31, 2019 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 5,970 $ 875 $ 18,791 Unrealized holding gains — — 12 Unrealized holding losses — — — Fair Value $ 5,970 $ 875 $ 18,803 June 30, 2019 (Amounts in Thousands) Certificates of Deposit Municipal Bonds U.S. Treasury and Federal Agencies Amortized cost basis $ 11,230 $ 1,921 $ 19,888 Unrealized holding gains — 1 31 Unrealized holding losses — — — Fair Value $ 11,230 $ 1,922 $ 19,919
Trading Securities (and Certain Trading Assets)	SERP asset and liability balances were as follows: (Amounts in Thousands) December 31, June 30, SERP investments - current asset $ 3,151 $ 3,087 SERP investments - other long-term asset 9,539 8,687 Total SERP investments $ 12,690 $ 11,774 SERP obligation - current liability $ 3,151 $ 3,087 SERP obligation - other long-term liability 9,539 8,687 Total SERP obligation $ 12,690 $ 11,774

Note 15. Postemployment Benef_2

Note 15. Postemployment Benefits (Tables)	6 Months Ended
	Dec. 31, 2019
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 Six Months Ended December 31 December 31 (Amounts in Thousands) 2019 2018 2019 2018 Service cost $ 119 $ 126 $ 245 $ 253 Interest cost 18 24 37 47 Amortization of actuarial income (90 ) (103 ) (178 ) (202 ) Net periodic benefit cost $ 47 $ 47 $ 104 $ 98

Note 16. Stock Compensation (Ta

Note 16. Stock Compensation (Tables)	6 Months Ended
	Dec. 31, 2019
Stock Compensation Plan [Abstract]
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Grants in Period	Type of Award Quarter Awarded Targeted Shares or Units Grant Date Fair Value (5) Annual Performance Shares (1) 1st Quarter 34,305 $16.85 - $16.93 Relative Total Shareholder Return Performance Units (2) 1st Quarter 28,080 $21.25 Restricted Stock Units (3) 1st Quarter 188,588 $16.85 - $17.24 Restricted Stock Units (3) 2nd Quarter 2,500 $20.46 Unrestricted Shares (4) 1st Quarter 9,091 $17.19 Unrestricted Shares (4) 2nd Quarter 6,321 $19.18 (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 invested capital during fiscal year 2020, 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 68,610 . Annual performance shares vest on June 30, 2020. (2) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2022. 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 56,160 . (3) Restricted stock units were awarded to officers and employees. Also, in connection with the redesign of the Company’s annual cash incentive plan certain employees were awarded time-based retention and performance-based transition units. The number of performance-based transition units to be issued will be dependent upon the Company’s EBITDA during fiscal year 2020, with a percentage payout ranging from 0% to 100% of the target. The maximum number of units that can be issued under the performance-based transition awards is 35,598 . The Company also awarded performance-based transformation units that will earn from 0% to 100% of the target award depending upon the Company’s reduction of operating costs and EBITDA during fiscal year 2020. The maximum number of units that can be issued under the performance-based transformation award is 2,165 . Vesting occurs at June 30, 2020, June 30, 2021, and June 30, 2022. Dividends accumulate over the vesting period for all awards except the time-based retention and performance-based transition awards. (4) Unrestricted shares were awarded to non-employee members of the Board of Directors as consideration for service to Kimball International and do not have vesting periods, holding periods, restrictions on sale, or other restrictions. (5) The grant date fair value of annual performance shares and restricted stock units that do not receive dividends was 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 or certain restricted stock unit 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 stock units that receive dividends and unrestricted shares was based on the stock price at the date of the award.

Note 18. Credit Quality and A_2

Note 18. Credit Quality and Allowance for Credit Losses of Notes Receivable (Tables)	6 Months Ended
	Dec. 31, 2019
Credit Quality and Allowance for Credit Losses of Notes Receivable [Abstract]
Schedule of Credit Losses Related to Financing Receivables, Current and Noncurrent	As of December 31, 2019 As of June 30, 2019 (Amounts in Thousands) Unpaid Balance Related Allowance Receivable Net of Allowance Unpaid Balance Related Allowance Receivable Net of Allowance Independent Dealership Financing $ 1,022 $ — $ 1,022 $ 1,010 $ — $ 1,010 Other Notes Receivable 370 370 — 122 122 — Total $ 1,392 $ 370 $ 1,022 $ 1,132 $ 122 $ 1,010

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		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Jun. 30, 2019
Goodwill, Impairment Loss	$ 0
Goodwill	11,160,000		$ 11,160,000		$ 11,160,000
Amortization	547,000	$ 484,000	1,068,000	$ 959,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	1,143,000		1,143,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	1,955,000		1,955,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	1,616,000		1,616,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	1,373,000		1,373,000
Finite-Lived Intangible Assets, Amortization Expense, Year Five	1,201,000		1,201,000
Finite-Lived Intangible Assets, Amortization Expense, after Year Five	5,222,000		5,222,000
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 0		$ 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

Note 2. Recent Accounting Pro_5

Note 2. Recent Accounting Pronouncements and Supplemental Information - Textuals (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
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
Goodwill	$ 11,160	$ 11,160

Note 2. Recent Accounting Pro_6

Note 2. Recent Accounting Pronouncements and Supplemental Information - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	$ 51,881	$ 50,428
Intangible Assets Accumulated Amortization	39,371	38,320
Finite-Lived Intangible Assets, Net Value	12,510	12,108
Capitalized Software
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	41,161	39,708
Intangible Assets Accumulated Amortization	37,104	36,662
Finite-Lived Intangible Assets, Net Value	4,057	3,046
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	7,050	7,050
Intangible Assets Accumulated Amortization	1,450	1,030
Finite-Lived Intangible Assets, Net Value	5,600	6,020
Trade Names
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	3,570	3,570
Intangible Assets Accumulated Amortization	774	595
Finite-Lived Intangible Assets, Net Value	2,796	2,975
Non-Compete Agreements
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Cost	100	100
Intangible Assets Accumulated Amortization	43	33
Finite-Lived Intangible Assets, Net Value	$ 57	$ 67

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		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Gain (Loss) on SERP Investments	$ 716	$ (1,097)	$ 774	$ (726)
Other	1	(129)	(56)	(173)
Non-operating income (expense), net	$ 717	$ (1,226)	$ 718	$ (899)

Note 3. Restructuring - Restruc

Note 3. Restructuring - Restructuring Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	$ 1,396	$ 0	$ 5,746	$ 0
Percentage of Restructuring Costs Expected in Cash			65.00%
Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Cost Incurred to Date	6,683		$ 6,683
Restructuring Expense	1,396		5,746
Effect on Future Earnings, Amount			10,000
Minimum | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	9,000		9,000
Restructuring and Related Cost, Expected Cost Remaining	2,300		2,300
Minimum | Severance and Other Employee Related Costs | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	3,700		3,700
Minimum | Facility Closing | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,500		2,500
Minimum | Lease asset impairment | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	2,800		2,800
Maximum | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	10,000		10,000
Restructuring and Related Cost, Expected Cost Remaining	3,300		3,300
Maximum | Severance and Other Employee Related Costs | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	4,000		4,000
Maximum | Facility Closing | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	3,000		3,000
Maximum | Lease asset impairment | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and Related Cost, Expected Cost	$ 3,000		$ 3,000

Note 3. Restructuring - Charges

Note 3. Restructuring - Charges related to Transformation Restructuring Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	$ 1,396	$ 0	$ 5,746	$ 0
Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	1,396		5,746
Restructuring and Related Cost, Cost Incurred to Date	6,683		6,683
Non-Cash Related Restructuring Expense | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	88		2,763
Restructuring and Related Cost, Cost Incurred to Date	2,834		2,834
Non-Cash Related Restructuring Expense | Transition Equity Compensation | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	184		654
Restructuring and Related Cost, Cost Incurred to Date	725		725
Non-Cash Related Restructuring Expense | Lease asset impairment | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	(147)		2,058
Restructuring and Related Cost, Cost Incurred to Date	2,058		2,058
Non-Cash Related Restructuring Expense | Other non-cash charges | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	51		51
Restructuring and Related Cost, Cost Incurred to Date	51		51
Cash Related Restructuring Expense | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	1,308		2,983
Restructuring and Related Cost, Cost Incurred to Date	3,849		3,849
Cash Related Restructuring Expense | Severance and Other Employee Related Costs | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	785		1,991
Restructuring and Related Cost, Cost Incurred to Date	2,654		2,654
Cash Related Restructuring Expense | Facility Closing | Transformation Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring Expense	523		992
Restructuring and Related Cost, Cost Incurred to Date	$ 1,195		$ 1,195

Note 3. Restructuring - Current

Note 3. Restructuring - Current Period activity in accrued restructuring related to Transformation Restructuring Reserve (Details) - Transformation Restructuring Plan - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
Restructuring Cost and Reserve [Line Items]
Additions charged to expense	$ 2,701
Cash payments charged against reserve	(2,199)
Non-cash adjustments	(150)
Restructuring Reserve, Current	1,174	$ 822
Severance and Other Employee Related Costs
Restructuring Cost and Reserve [Line Items]
Additions charged to expense	2,322
Cash payments charged against reserve	(1,617)
Non-cash adjustments	(150)
Restructuring Reserve, Current	1,174	619
Other Charges
Restructuring Cost and Reserve [Line Items]
Additions charged to expense	379
Cash payments charged against reserve	(582)
Non-cash adjustments	0
Restructuring Reserve, Current	$ 0	$ 203

Note 5. Revenue - Disaggregatio

Note 5. Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Net Sales	$ 192,164	$ 201,008	$ 393,616	$ 395,131
Commercial
Net Sales	55,800	63,600	111,000	120,200
Education
Net Sales	20,100	18,100	54,800	52,700
Finance
Net Sales	16,800	18,100	34,000	36,300
Government
Net Sales	21,700	18,800	40,300	35,900
Healthcare
Net Sales	28,200	28,500	57,100	52,900
Hospitality
Net Sales	$ 49,600	$ 53,900	$ 96,400	$ 97,100

Note 5. Revenue - Revenue Textu

Note 5. Revenue - Revenue Textuals (Details) $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)
Contract with Customer, Liability, Revenue Recognized	$ 24

Note 6. Leases - Components of

Note 6. Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2019
Operating lease expense	$ 0.8	$ 1.6
Variable lease expense	0.6	1.3
Total lease expense	$ 1.4	$ 2.9

Note 6. Leases - Supplemental C

Note 6. Leases - Supplemental Cash Flow relating to Leases (Details) $ in Millions	6 Months Ended
	Dec. 31, 2019USD ($)
Leases [Abstract]
Operating lease payments impacting lease liability	$ 2.4
Leased assets obtained in exchange for operating lease liabilities	$ 0.1
Operating Lease, Weighted Average Remaining Lease Term	6 years
Operating Lease, Weighted Average Discount Rate, Percent	4.60%

Note 6. Leases - Summary of fut

Note 6. Leases - Summary of future lease payments (Details) $ in Millions	Dec. 31, 2019USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 2.2
Lessee, Operating Lease, Liability, Payments, Due Year Two	4.5
Lessee, Operating Lease, Liability, Payments, Due Year Three	4.3
Lessee, Operating Lease, Liability, Payments, Due Year Four	3.8
Lessee, Operating Lease, Liability, Payments, Due Year Five	3.1
Lessee, Operating Lease, Liability, Payments, Due after Year Five	6.2
Lessee, Operating Lease, Liability, Payments, Due	24.1
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	3.1
Operating Lease, Liability	$ 21

Note 6. Leases - Summary of f_2

Note 6. Leases - Summary of future lease payments before adoption of ASC842 (Details) $ in Millions	Jun. 30, 2019USD ($)
Operating Leases, Future Minimum Payments, Remainder of Fiscal Year	$ 4.6
Operating Leases, Future Minimum Payments, Due in Two Years	4.2
Operating Leases, Future Minimum Payments, Due in Three Years	4.1
Operating Leases, Future Minimum Payments, Due in Four Years	3.6
Operating Leases, Future Minimum Payments, Due in Five Years	2.5
Operating Leases, Future Minimum Payments, Due Thereafter	3.8
Operating Leases, Future Minimum Payments Due	$ 22.8

Note 6. Leases - Leases Textual

Note 6. Leases - Leases Textuals (Details) - USD ($)	3 Months Ended
	Dec. 31, 2019	Sep. 30, 2019
Lessee, Operating Lease, Lease Not yet Commenced, Term of Contract	7 years
Finance Lease, Liability	$ 0
Operating Lease, Impairment Loss, Right-of-Use Asset		$ 2,200,000
Lease, Practical Expedient, Use of Hindsight [true false]	false
Lease, Practical Expedients, Package [true false]	true
Lease, Practical Expedient, Land Easement [true false]	false
Lessee, Operating Lease, Lease Liability Not Yet Commenced	$ 1,600,000
Lessee, Operating Lease, Right of Use Asset, Not Yet Commenced	$ 1,600,000

Note 7. Earnings Per Share Earn

Note 7. Earnings Per Share Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Net income	$ 11,039	$ 9,405	$ 22,423	$ 20,281
Average Shares Outstanding for Basic EPS Calculation	36,921	36,793	36,929	36,951
Dilutive Effect of Average Outstanding Compensation Awards	300	295	345	396
Average Shares Outstanding for Diluted EPS Calculation	37,221	37,088	37,274	37,347
Basic Earnings Per Share	$ 0.30	$ 0.26	$ 0.61	$ 0.55
Diluted Earnings Per Share	$ 0.30	$ 0.25	$ 0.60	$ 0.54

Note 8. Income Taxes - Textuals

Note 8. Income Taxes - Textuals (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Effective Income Tax Rate Reconciliation, Percent	28.40%	25.60%	27.90%	25.00%

Note 9. Inventories - Inventory

Note 9. Inventories - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Finished products	$ 29,534	$ 26,304
Work-in-process	1,961	2,455
Raw materials	34,718	34,335
Total FIFO inventory	66,213	63,094
LIFO reserve, net	(16,470)	(16,282)
Total inventory	$ 49,743	$ 46,812

Note 10. Accumulated Other Co_3

Note 10. Accumulated Other Comprehensive Income - Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	$ 1,976	$ 1,788	$ 1,937	$ 1,816
Other Comprehensive Income (Loss) before Reclassifications	211	145	315	179
Reclassification to (earnings) loss	(67)	(72)	(132)	(134)
Net current-period other comprehensive income (loss)	144	73	183	45
Accumulated Other Comprehensive Income at end of period	2,120	1,861	2,120	1,861
Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	17	(50)	23	(31)
Other Comprehensive Income (Loss) before Reclassifications	(9)	30	(15)	11
Reclassification to (earnings) loss	0	0	0	0
Net current-period other comprehensive income (loss)	(9)	30	(15)	11
Accumulated Other Comprehensive Income at end of period	8	(20)	8	(20)
Postemployment Benefits, Net Actuarial Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	1,959	1,840	1,914	1,854
Other Comprehensive Income (Loss) before Reclassifications	220	117	330	177
Reclassification to (earnings) loss	(67)	(76)	(132)	(150)
Net current-period other comprehensive income (loss)	153	41	198	27
Accumulated Other Comprehensive Income at end of period	2,112	1,881	2,112	1,881
Derivative Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	0	(2)	0	(7)
Other Comprehensive Income (Loss) before Reclassifications	0	(2)	0	(9)
Reclassification to (earnings) loss	0	4	0	16
Net current-period other comprehensive income (loss)	0	2	0	7
Accumulated Other Comprehensive Income at end of period	$ 0	$ 0	$ 0	$ 0

Note 10. Accumulated Other Co_4

Note 10. Accumulated Other Comprehensive Income - Reclassifications from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Reclassification Adjustment from Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	$ (23)	$ (27)	$ (46)	$ (52)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	67	76	132	150
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	(90)	(103)	(178)	(202)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	0	(1)	0	(5)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	0	4	0	16
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	0	5	0	21
Total Reclassification for the Period from AOCI	67	72	132	134
Non-operating income (expense), net
Reclassification Adjustment from Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	90	103	178	202
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, before Tax	0	(5)	0	(21)
Benefit (Provision) for Income Taxes
Reclassification Adjustment from Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	(23)	(27)	(46)	(52)
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Tax	0	1	0	5
Net Income
Reclassification Adjustment from Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, after Tax	67	76	132	150
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax	0	(4)	0	(16)
Total Reclassification for the Period from AOCI	$ 67	$ 72	$ 132	$ 134

Note 11. Commitments and Cont_4

Note 11. Commitments and Contingent Liabilities - Commitments and Contingent Liabilities Textuals (Details)	Dec. 31, 2019USD ($)
Guarantor Obligations
Performance Bonds, Maximum Exposure	$ 5,400,000
Financial Standby Letter of Credit
Guarantor Obligations
Letters of Credit Outstanding, Maximum Exposure	1,500,000
Loss Contingency Accrual, at Carrying Value	$ 0

Note 11. Commitments and Cont_5

Note 11. Commitments and Contingent Liabilities - Product Warranty (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Product Warranty Liability at the beginning of the period	$ 2,238	$ 2,294
Additions to warranty accrual (including changes in estimates)	285	354
Settlements made (in cash or in kind)	(422)	(606)
Product Warranty Liability at the end of the period	$ 2,101	$ 2,042

Note 12. Fair Value - Textuals

Note 12. Fair Value - Textuals (Details) - USD ($)	3 Months Ended	6 Months Ended
	Sep. 30, 2019	Dec. 31, 2019	Jun. 30, 2019
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Operating Lease, Impairment Loss	$ 2,200,000
Fair Value, Transfers Between Levels, Amount		$ 0
Investment Owned, at Cost		2,000,000
Fair Value, Assets, Level 2 to Level 1 Transfers, Amount		0
Fair Value, Purchases of Level 3 Assets		0
Fair Value, Sales of Level 3 Assets		0
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability			$ 360,000
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
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
Fair Value, Inputs, Level 3
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Cost Method Investments		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			360,000
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
D'Style
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability			$ 400,000

Note 12. Fair Value - Recurring

Note 12. Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	$ 12,690	$ 11,774
Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Total assets at fair value	109,640	115,769
Contingent earn-out liability		360
Total liabilities at fair value		360
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Total assets at fair value	50,837	51,790
Contingent earn-out liability		0
Total liabilities at fair value		0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Total assets at fair value	57,303	62,479
Contingent earn-out liability		0
Total liabilities at fair value		0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Total assets at fair value	1,500	1,500
Contingent earn-out liability		360
Total liabilities at fair value		360
Warrant | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Derivatives: Stock Warrants	1,500	1,500
Warrant | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Derivatives: Stock Warrants	0	0
Warrant | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Recurring Fair Value Measurements:
Derivatives: Stock Warrants	0	0
Warrant | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Recurring Fair Value Measurements:
Derivatives: Stock Warrants	1,500	1,500
Money Market Funds | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Cash equivalents	38,147	40,016
Money Market Funds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Cash equivalents	38,147	40,016
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	31,655	29,408
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	31,655	29,408
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	5,970	11,230
Certificates of Deposit | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	5,970	11,230
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	5,970	11,230
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	875	1,922
Municipal Bonds | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	875	1,922
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	875	1,922
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	18,803	19,919
US Treasury and Federal Agencies | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	18,803	19,919
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	18,803	19,919
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	12,690	11,774
Mutual Fund | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	12,690	11,774
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 13. Investments - Schedule

Note 13. Investments - Schedule of Contractual Maturities on Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Certificates of Deposit
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	$ 5,220
Available-for-sale Securities, Debt Maturities, Rolling Year Two	750
Available-for-sale Securities	5,970	$ 11,230
Municipal Bonds
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	875
Available-for-sale Securities, Debt Maturities, Rolling Year Two	0
Available-for-sale Securities	875	1,922
US Treasury and Federal Agency Securities
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	18,803
Available-for-sale Securities, Debt Maturities, Rolling Year Two	0
Available-for-sale Securities	$ 18,803	$ 19,919

Note 13. Investments - Unrealiz

Note 13. Investments - Unrealized Gain (Loss) on Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Certificates of Deposit
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 5,970	$ 11,230
Available-for-sale Securities, Unrealized holding gains	0	0
Available-for-sale Securities, Unrealized holding losses	0	0
Fair Value, Available-for-sale Securities	5,970	11,230
Municipal Bonds
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	875	1,921
Available-for-sale Securities, Unrealized holding gains	0	1
Available-for-sale Securities, Unrealized holding losses	0	0
Fair Value, Available-for-sale Securities	875	1,922
US Treasury and Federal Agency Securities
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	18,791	19,888
Available-for-sale Securities, Unrealized holding gains	12	31
Available-for-sale Securities, Unrealized holding losses	0	0
Fair Value, Available-for-sale Securities	$ 18,803	$ 19,919

Note 13. Investments - Suppleme

Note 13. Investments - Supplemental Employee Retirement Investments Textuals (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Schedule of Trading Securities and Other Trading Assets
Trading Securities, Change in net unrealized holding gains (losses)	$ 418	$ (1,089)

Note 13. Investments - Supple_2

Note 13. Investments - Supplemental Employee Retirement Plan Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Schedule of Trading Securities and Other Trading Assets
SERP investments	$ 12,690	$ 11,774
SERP obligation	12,690	11,774
Short-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	3,151	3,087
SERP obligation	3,151	3,087
Other Long-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	9,539	8,687
SERP obligation	$ 9,539	$ 8,687

Note 13. Investments - Investme

Note 13. Investments - Investments - Equity securities without readily determinable fair value Textuals (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 0		$ 0
Trading Securities, Realized Gain (Loss)	0	$ 0	0	$ 0
Investment Owned, at Cost	2,000,000		2,000,000
Other Assets | Preferred Stock
Equity securities without readily determinable fair value	$ 500,000		$ 500,000

Note 14. Derivative Instrumen_2

Note 14. Derivative Instruments - Textuals (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Derivative [Line Items]
Investment Owned, at Cost	$ 2,000
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

Note 15. Postemployment Benef_3

Note 15. Postemployment Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Components of Net Periodic Benefit Cost (before tax):
Service cost	$ 119	$ 126	$ 245	$ 253
Interest cost	18	24	37	47
Amortization of actuarial income	(90)	(103)	(178)	(202)
Net periodic benefit cost	$ 47	$ 47	$ 104	$ 98

Note 16. Stock Compensation - S

Note 16. Stock Compensation - Stock Compensation Textuals (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Dec. 31, 2019	Sep. 30, 2019	Dec. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Share-based Payment Arrangement, Expense	$ 1.1		$ 1.7	$ 3.2	$ 3.6
Share-based Payment Arrangement, Expense, Tax Benefit	$ 0.3		$ 0.4	$ 0.8	$ 0.9
Annual Performance Shares
Stock Compensation, Shares Awarded		34,305
Annual Performance Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	0.00%			0.00%
Annual Performance Shares | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	68,610			68,610
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	200.00%			200.00%
Relative Total Shareholder Return
Stock Compensation, Shares Awarded		28,080
Relative Total Shareholder Return | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	0.00%			0.00%
Relative Total Shareholder Return | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	56,160			56,160
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	200.00%			200.00%
Restricted Stock Units (RSUs)
Stock Compensation, Shares Awarded	2,500	188,588
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	0.00%			0.00%
Restricted Stock Units (RSUs) | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	35,598			35,598
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	100.00%			100.00%
Transformation Units | Minimum
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	0.00%			0.00%
Transformation Units | Maximum
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	2,165			2,165
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	100.00%			100.00%

Note 16. Stock Compensation -_2

Note 16. Stock Compensation - Stock Compensation Awards (Details) - $ / shares	3 Months Ended
	Dec. 31, 2019	Sep. 30, 2019
Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded		34,305
Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded		28,080
Stock Compensation, Grant Date Fair Value		$ 21.25
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	2,500	188,588
Stock Compensation, Grant Date Fair Value	$ 20.46
Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	6,321	9,091
Stock Compensation, Grant Date Fair Value	$ 19.18	$ 17.19
Minimum | Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		16.85
Minimum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		16.85
Maximum | Annual Performance Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		16.93
Maximum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value		$ 17.24

Note 17. Variable Interest En_2

Note 17. Variable Interest Entities -Textuals (Details) - Variable Interest Entity, Not Primary Beneficiary, Aggregated Disclosure - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2019	Jun. 30, 2019
Variable Interest Entity
Variable Interest Entity, Obligation to Provide Additional Funding, Amount	$ 0
Other Assets
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	500	$ 500
Receivables and Other Assets | Independent Dealership Financing | Notes Receivable
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	1,000	1,000
Warrant | Other Assets
Variable Interest Entity
Variable Interest Entity, Nonconsolidated, Carrying Amount, Assets	$ 1,500	$ 1,500

Note 18. Credit Quality and A_3

Note 18. Credit Quality and Allowance for Credit Losses of Notes Receivable - Textuals (Details) - USD ($)	Dec. 31, 2019	Jun. 30, 2019
Notes Receivable
Notes Receivable
Financing Receivable, Past Due	$ 0	$ 0

Note 18. Credit Quality and A_4

Note 18. Credit Quality and Allowance for Credit Losses of Notes Receivable - Credit Quality and Allowance for Credit Losses (Details) - USD ($) $ in Thousands	Dec. 31, 2019	Jun. 30, 2019
Notes Receivable
Notes Receivable, Unpaid Balance	$ 1,392	$ 1,132
Notes Receivable, Related Allowance	370	122
Notes Receivable, Net of Allowance	1,022	1,010
Notes Receivable | Independent Dealership Financing
Notes Receivable
Notes Receivable, Unpaid Balance	1,022	1,010
Notes Receivable, Related Allowance	0	0
Notes Receivable, Net of Allowance	1,022	1,010
Notes Receivable | Other Notes Receivable
Notes Receivable
Notes Receivable, Unpaid Balance	370	122
Notes Receivable, Related Allowance	370	122
Notes Receivable, Net of Allowance	$ 0	$ 0