Kimball International (KBAL) 10-Q 8 Feb 21 2021 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information Document - shares	6 Months Ended
	Dec. 31, 2020	Jan. 28, 2021
Entity Information [Line Items]
Document Type	10-Q
Entity File Number	0-3279
Entity Registrant Name	KIMBALL INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-0514506
City Area Code	812
Entity Address, Address Line One	1600 Royal Street
Entity Address, City or Town	Jasper
Entity Address, State or Province	IN
Entity Address, Postal Zip Code	47546-2256
Local Phone Number	(812) 482-1600
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000055772
Current Fiscal Year End Date	--06-30
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2021
Amendment Flag	false
Entity Small Business	false
Document Quarterly Report	true
Document Transition Report	false
Document Fiscal Period Focus	Q2
Security Exchange Name	NASDAQ
Trading Symbol	KBAL
Title of 12(b) Security	Class B Common Stock, par value $0.05 per share
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		191,587
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		36,690,325

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Current Assets:
Cash and cash equivalents	$ 39,720	$ 91,798
Short-term investments	1,505	5,294
Receivables, Net, Current	54,759	68,365
Inventories	60,199	49,857
Prepaid expenses and other current assets	17,504	16,869
Assets held for sale	0	215
Total current assets	173,687	232,398
Property, Plant and Equipment, Net	90,028	92,041
Right-of-use operating lease assets	18,072	16,461
Goodwill	82,958	11,160
Finite-Lived Intangible Assets, Net	68,041	13,949
Deferred tax assets	12,854	7,485
Other assets	18,460	12,773
Total Assets	464,100	386,267
Current Liabilities:
Short-term Debt	40,000	0
Current maturities of long-term debt	1,282	27
Accounts payable	42,268	40,229
Customer deposits	28,965	19,649
Current portion of operating lease liability	6,601	4,886
Dividends payable	3,580	3,454
Accrued expenses	31,726	41,076
Total current liabilities	154,422	109,321
Other Liabilities:
Long-term debt, less current maturities	1,331	109
Long-term operating lease liability	15,527	16,610
Contingent earn-out liability	31,790	0
Other	17,018	15,431
Total other liabilities	65,666	32,150
Common stock-par value $0.05 per share:
Additional paid-in capital	4,843	3,770
Retained earnings	302,937	305,024
Accumulated other comprehensive income	2,169	2,137
Less: Treasury stock, at cost, 6,101,000 shares and 6,110,000 shares, respectively	(68,088)	(68,286)
Total Shareholders’ Equity	244,012	244,796
Total Liabilities and Shareholders’ Equity	464,100	386,267
Class A Common Stock
Common stock-par value $0.05 per share:
Common Stock	$ 9	$ 10
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	192,000	193,000
Class B Common Stock
Common stock-par value $0.05 per share:
Common Stock	$ 2,142	$ 2,141
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	42,831,000	42,830,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Net Sales	$ 136,197	$ 192,164	$ 284,141	$ 393,616
Cost of Sales	90,648	126,823	186,236	257,905
Gross Profit	45,549	65,341	97,905	135,711
Selling and Administrative Expenses	45,967	49,719	87,654	100,633
Restructuring Expense	1,616	1,396	5,856	5,746
Operating Income (Loss)	(2,034)	14,226	4,395	29,332
Other Income (Expense):
Interest income	87	489	189	1,096
Interest expense	(58)	(21)	(86)	(44)
Non-operating income (expense), net	1,380	717	2,123	718
Other income (expense), net	1,409	1,185	2,226	1,770
Income (Loss) Before Taxes on Income	(625)	15,411	6,621	31,102
Provision for Income Taxes	213	4,372	2,073	8,679
Net Income (Loss)	$ (838)	$ 11,039	$ 4,548	$ 22,423
Earnings (Loss) Per Share of Common Stock:
Basic Earnings (Loss) Per Share	$ (0.02)	$ 0.30	$ 0.12	$ 0.61
Diluted Earnings (Loss) Per Share	$ (0.02)	$ 0.30	$ 0.12	$ 0.60
Class A and B Common Stock:
Average Number of Shares Outstanding - Basic	36,962	36,921	36,968	36,929
Average Number of Shares Outstanding - Diluted	36,962	37,221	37,465	37,274

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Net Income (Loss) Attributable to Parent	$ (838)	$ 11,039	$ 4,548	$ 22,423
Other comprehensive income (loss):
Available-for-sale securities, Pre-tax	(13)	(12)	(38)	(20)
Available-for-sale securities, Tax	3	3	10	5
Available-for-sale securities, Net of Tax	(10)	(9)	(28)	(15)
Postemployment severance actuarial change, Pre-tax	124	296	302	445
Postemployment severance actuarial change, Tax	(32)	(76)	(78)	(115)
Postemployment severance actuarial change, Net of Tax	92	220	224	330
Reclassification to (earnings) loss:
Amortization of actuarial change, Pre-tax	(109)	(90)	(221)	(178)
Amortization of actuarial change, Tax	28	23	57	46
Amortization of actuarial change, Net of Tax	(81)	(67)	(164)	(132)
Other comprehensive income (loss), Pre-tax	2	194	43	247
Other comprehensive income (loss), Tax	(1)	(50)	(11)	(64)
Other comprehensive income (loss), Net of Tax	1	144	32	183
Total comprehensive income (loss)	$ (837)	$ 11,183	$ 4,580	$ 22,606

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		6 Months Ended
		Dec. 31, 2020	Dec. 31, 2019
Cash Flows From Operating Activities:
Net Income (Loss) Attributable to Parent		$ 4,548	$ 22,423
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation		7,128	7,476
Amortization		1,702	1,068
(Gain) loss on sales of assets		(177)	59
Restructuring and asset impairment charges		1,462	2,763
Deferred income tax and other deferred charges		(747)	(979)
Stock-based compensation		2,258	2,729
Other, net		(547)	2,220
Change in operating assets and liabilities:
Receivables		16,720	825
Inventories		5,376	(2,931)
Prepaid expenses and other current assets		156	(2,343)
Accounts payable		(5,785)	(7,057)
Customer deposits		7,271	7,883
Accrued expenses		(14,844)	(20,734)
Net cash provided by operating activities		24,521	13,402
Cash Flows From Investing Activities:
Capital expenditures		(5,895)	(12,038)
Proceeds from sales of assets		394	102
Cash paid for acquisition		(100,930)	0
Purchases of capitalized software		(3,047)	(1,471)
Purchases of available-for-sale securities		(10,000)	(13,975)
Maturities of available-for-sale securities		13,750	21,488
Other, net		(46)	(853)
Net cash used for investing activities		(105,774)	(6,747)
Cash Flows From Financing Activities:
Proceeds from Short-term Debt		40,000	0
Repayments of long-term debt		(27)	(25)
Dividends paid to shareholders		(6,643)	(6,286)
Repurchases of Common Stock		(638)	(1,266)
Repurchase of employee shares for tax withholding		(236)	(842)
Net cash provided by (used for) financing activities		32,456	(8,419)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash (1)	[1]	(48,797)	(1,764)
Cash, Cash Equivalents, and Restricted Cash at Beginning of Period (1)	[1]	92,444	73,837
Cash, Cash Equivalents, and Restricted Cash at End of Period (1)	[1]	43,647	72,073
Noncash Investing and Financing Items
Contingent earn-out liability for Poppin, Inc. acquisition		31,790	0
Cash paid during the period for:
Income taxes		6,089	9,063
Interest expense		$ 29	$ 14
[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 and cash held in escrow for repayment of the Payment Protection Program loan that Poppin, Inc. obtained prior to its acquisition.

Condensed Consolidated Statem_4

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, 2019	$ 216,490	$ 12	$ 2,139	$ 3,570	$ 277,391	$ 1,937	$ (68,559)
Net Income (Loss) Attributable to Parent	22,423				22,423
Other Comprehensive Income (Loss), Net of Tax	183					183
Issuance of non-restricted stock (11,000 shares in Q2'21, 6,000 shares in Q2'20, 24,000 shares YTD in FY'21, 15,000 shares YTD in FY'20)	0			(202)			202
Conversion of Class A to Class B common stock (1,000 shares in Q2'21, 55,000 shares in Q2'20, 1,000 shares YTD in FY'21, 57,000 shares YTD in FY'20)	0	(2)	2
Compensation expense related to stock incentive plans	3,080			3,080
Performance share issuance (0 shares in Q2'21, 0 shares in Q2'20, 0 shares YTD in FY'21, 67,000 shares YTD in FY'20)	(512)			(1,391)			879
Relative total shareholder return performance units issuance (0 shares in Q2'21, 0 shares in Q2'20, 32,000 shares YTD in FY'21, 48,000 shares YTD in FY'20)	(330)			(954)			624
Reclassification of equity-classified awards	(680)			(680)
Repurchase of Common Stock (62,000 shares in Q2'21, 65,000 shares in Q2'20, 62,000 shares YTD in FY'21, 65,000 shares YTD in FY'20)	(1,340)						(1,340)
Dividends declared ($0.09 per share in Q2'21, $0.09 per share in Q2'20, $0.18 per share YTD in FY'21, $0.18 per share YTD in FY'20)	(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 (Loss) Attributable to Parent	11,039				11,039
Other Comprehensive Income (Loss), Net of Tax	144					144
Issuance of non-restricted stock (11,000 shares in Q2'21, 6,000 shares in Q2'20, 24,000 shares YTD in FY'21, 15,000 shares YTD in FY'20)	0			(84)			84
Conversion of Class A to Class B common stock (1,000 shares in Q2'21, 55,000 shares in Q2'20, 1,000 shares YTD in FY'21, 57,000 shares YTD in FY'20)	0	(2)	2
Compensation expense related to stock incentive plans	1,069			1,069
Repurchase of Common Stock (62,000 shares in Q2'21, 65,000 shares in Q2'20, 62,000 shares YTD in FY'21, 65,000 shares YTD in FY'20)	(1,340)						(1,340)
Dividends declared ($0.09 per share in Q2'21, $0.09 per share in Q2'20, $0.18 per share YTD in FY'21, $0.18 per share YTD in FY'20)	(3,355)				(3,355)
Shareowners’ Equity at Dec. 31, 2019	232,589	10	2,141	3,423	293,089	2,120	(68,194)
Shareowners’ Equity at Jun. 30, 2020	244,796	10	2,141	3,770	305,024	2,137	(68,286)
Net Income (Loss) Attributable to Parent	4,548				4,548
Other Comprehensive Income (Loss), Net of Tax	32					32
Issuance of non-restricted stock (11,000 shares in Q2'21, 6,000 shares in Q2'20, 24,000 shares YTD in FY'21, 15,000 shares YTD in FY'20)	0			(315)			315
Conversion of Class A to Class B common stock (1,000 shares in Q2'21, 55,000 shares in Q2'20, 1,000 shares YTD in FY'21, 57,000 shares YTD in FY'20)	0	(1)	1
Compensation expense related to stock incentive plans	2,258			2,258
Restricted stock units issuance (0 shares in Q2'21, 0 shares in Q2'20, 15,000 shares YTD in FY'21, 0 shares YTD in FY'20)	(80)			(284)			204
Relative total shareholder return performance units issuance (0 shares in Q2'21, 0 shares in Q2'20, 32,000 shares YTD in FY'21, 48,000 shares YTD in FY'20)	(156)			(586)			430
Cumulative effect of change in accounting principle	134				134
Repurchase of Common Stock (62,000 shares in Q2'21, 65,000 shares in Q2'20, 62,000 shares YTD in FY'21, 65,000 shares YTD in FY'20)	(751)						(751)
Dividends declared ($0.09 per share in Q2'21, $0.09 per share in Q2'20, $0.18 per share YTD in FY'21, $0.18 per share YTD in FY'20)	(6,769)				(6,769)
Shareowners’ Equity at Dec. 31, 2020	244,012	9	2,142	4,843	302,937	2,169	(68,088)
Shareowners’ Equity at Sep. 30, 2020	247,693	10	2,141	3,681	307,177	2,168	(67,484)
Net Income (Loss) Attributable to Parent	(838)				(838)
Other Comprehensive Income (Loss), Net of Tax	1					1
Issuance of non-restricted stock (11,000 shares in Q2'21, 6,000 shares in Q2'20, 24,000 shares YTD in FY'21, 15,000 shares YTD in FY'20)	0			(147)			147
Conversion of Class A to Class B common stock (1,000 shares in Q2'21, 55,000 shares in Q2'20, 1,000 shares YTD in FY'21, 57,000 shares YTD in FY'20)	0	(1)	1
Compensation expense related to stock incentive plans	1,309			1,309
Repurchase of Common Stock (62,000 shares in Q2'21, 65,000 shares in Q2'20, 62,000 shares YTD in FY'21, 65,000 shares YTD in FY'20)	(751)						(751)
Dividends declared ($0.09 per share in Q2'21, $0.09 per share in Q2'20, $0.18 per share YTD in FY'21, $0.18 per share YTD in FY'20)	(3,402)				(3,402)
Shareowners’ Equity at Dec. 31, 2020	$ 244,012	$ 9	$ 2,142	$ 4,843	$ 302,937	$ 2,169	$ (68,088)

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (unaudited) Parentheticals - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Allowance for Doubtful Accounts, Premiums and Other Receivables	$ 2,780	$ 2,574
Property and Equipment Accumulated Depreciation	197,261	193,641
Intangible Assets Accumulated Amortization	$ 37,030	$ 40,442
Class A Common Stock
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Shares, Issued	192,000	193,000
Common Stock, Par or Stated Value Per Share	$ 0.05	$ 0.05
Class B Common Stock
Common Stock, Shares Authorized	100,000,000	100,000,000
Common Stock, Shares, Issued	42,831,000	42,830,000
Treasury Stock, Shares	6,101,000	6,110,000
Common Stock, Par or Stated Value Per Share	$ 0.05	$ 0.05

Condensed Consolidated Statem_5

Condensed Consolidated Statements of Cash Flows (unaudited) - Cash Reconciliation - USD ($) $ in Thousands		Dec. 31, 2020	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019
Cash and cash equivalents		$ 39,720	$ 91,798	$ 71,430	$ 73,196
Restricted cash included in Other Assets		3,927	646	643	641
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	[1]	$ 43,647	$ 92,444	$ 72,073	$ 73,837
[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 and cash held in escrow for repayment of the Payment Protection Program loan that Poppin, Inc. obtained prior to its acquisition.

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Shareowners' Equity (unaudited) Parentheticals - $ / shares	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Issuance of non-restricted stock, Shares	11,000	6,000	24,000	15,000
Conversion of Class A to Class B common stock, Shares	1,000	55,000	1,000	57,000
Performance Share Issuance, Shares				67,000
Vesting of restricted stock units, Shares			15,000
Relative total shareholder return performance units issuance, Shares			32,000	48,000
Repurchase of Common Stock	62,000	65,000	62,000	65,000
Common Stock, Dividends, Per Share, Declared	$ 0.09	$ 0.09	$ 0.18	$ 0.18

Note 1. Basis of Presentation (

Note 1. Basis of Presentation (Notes)	6 Months Ended
	Dec. 31, 2020
Basis of Presentation [Abstract]
Business Description and Basis of Presentation	Basis of PresentationThe 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. Additionally, based on the duration and severity of the current global situation involving the COVID-19 pandemic, including but not limited to the prolonged reduction in travel and the speed of the recovery of economic conditions globally, the extent to which COVID-19 will impact our business and our consolidated financial results will depend on future developments, which are highly uncertain and cannot be predicted.

Note 2.Recent Accounting Pronou

Note 2.Recent Accounting Pronouncements and Supplemental Information (Notes)	6 Months Ended
	Dec. 31, 2020
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements and Supplemental Information	Recent Accounting Pronouncements and Supplemental Information Recently Adopted Accounting Pronouncements: In August 2018, the Financial Accounting Standards Board (“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 was adopted during our first quarter of fiscal year 2021 and was applied prospectively. The adoption of this guidance did not have a material effect 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 was adopted during our first quarter of fiscal year 2021 and was applied retrospectively. The adoption of this guidance did not have a material effect 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 was adopted during our first quarter of fiscal year 2021 and did not have a material effect on our condensed consolidated financial statements. Goodwill and Other Intangible Assets: Goodwill represents the difference between the purchase price and the related underlying tangible and intangible net asset fair values resulting from business acquisitions. Goodwill is assigned to and the fair value is tested at the reporting unit level. Annually, or if conditions indicate an earlier review is necessary, we may assess qualitative factors to determine if it is more likely than not that the fair value is less than its carrying amount. We also have the option to bypass the qualitative assessment and proceed directly to performing the quantitative goodwill impairment test which compares the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. Under the quantitative assessment, if the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. The fair value is established primarily using a discounted cash flow analysis and secondarily a market approach utilizing current industry information. The calculation of the fair value of the reporting unit considers current market conditions existing at the assessment date. In connection with our annual impairment test, we assessed goodwill associated with the acquisitions of D’style, Inc., and David Edward Furniture, Inc. for impairment during our second quarter of fiscal year 2021, and no goodwill impairment was recognized. As of December 31, 2020 and June 30, 2020 our goodwill totaled $83.0 million and $11.2 million, respectively. During fiscal year 2021, we recorded $71.8 million and $52.4 million, respectively, in goodwill and other intangible assets from the acquisition of Poppin, Inc. See Note 3 - Acquisition of Notes to Condensed Consolidated Financial Statements for more information on this acquisition. Other Intangible Assets reported on the Condensed Consolidated Balance Sheets consist of capitalized software, customer relationships, trade names, acquired technology, patents, trademarks, 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, 2020 June 30, 2020 (Amounts in Thousands) Cost Accumulated Net Value Cost Accumulated Net Value Capitalized Software $ 42,063 $ 33,202 $ 8,861 $ 43,671 $ 37,566 $ 6,105 Customer Relationships 19,050 2,378 16,672 7,050 1,871 5,179 Trade Names 36,570 1,326 35,244 3,570 952 2,618 Acquired Technology 7,000 59 6,941 — — — Patents and Trademarks 288 2 286 — — — Non-Compete Agreements 100 63 37 100 53 47 Other Intangible Assets $ 105,071 $ 37,030 $ 68,041 $ 54,391 $ 40,442 $ 13,949 Amortization expense related to intangible assets was, in thousands, $1,049 and $1,702 during the quarter and year-to-date period ended December 31, 2020, and was, in thousands, $547 and $1,068 during the quarter and year-to-date period ended December 31, 2019. Amortization expense in future periods is expected to be, in thousands, $4,918 for the remainder of fiscal year 2021, and $9,182, $8,344, $7,754, and $7,565 in the four years ending June 30, 2025, and $30,278 thereafter. The estimated useful life of capitalized software ranges from 2 to 10 years. The amortization period for customer relationship intangible assets ranges from 10 to 20 years. The estimated useful life of trade names is 10 years. The amortization period for acquired technology is 7 years. The estimated useful life of non-compete agreements is 5 years. The estimated useful life of patents is 14 years and the estimated useful life of trademarks is 15 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, non-compete agreements, acquired technology, patents and trademarks 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 non accrual 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 considers several factors including historical write-off experience, overall customer credit quality in relation to general economic and market conditions, and specific customer account analyses to estimate the collectability of certain accounts. The specific customer account analyses considers such items as aging, credit worthiness, payment history, and historical bad debt experience. 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) 2020 2019 2020 2019 Gain on Supplemental Employee Retirement Plan Investments $ 1,381 $ 716 $ 2,139 $ 774 Other (1) 1 (16) (56) Non-operating income, net $ 1,380 $ 717 $ 2,123 $ 718

Note 3. Acquisition (Notes)

Note 3. Acquisition (Notes)	6 Months Ended
	Dec. 31, 2020
Acquisition [Abstract]
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	AcquisitionDuring the second quarter of fiscal year 2021, we acquired Poppin, Inc. (“Poppin”), a tech-enabled, market-leading B2B commercial furniture design company headquartered in New York City, New York. Poppin designs commercial-grade furniture that is made to mix, match, and scale in today’s modern office and work-from-home environments. The acquisition purchase price totaled $110.2 million in initial cash consideration plus additional contingent payments, if all milestones are achieved, of $70 million based on revenue and profitability milestones achieved through June 30, 2024. As of the acquisition date the fair value of the contingent earn-out was $31.8 million. The $110.2 million initial cash consideration is subject to certain post-closing working capital and other customary adjustments. Proforma financial information will be filed on a Current Report on Form 8-K/A in late February. A summary of the preliminary purchase price allocation is as follows: Purchase Price Allocation (Amounts in Thousands) Cash $ 5,768 Receivables 2,814 Inventories 15,718 Other current assets 700 Net property and equipment 975 Other intangible assets 52,394 Goodwill 71,798 Right-of-use operating lease assets 5,103 Other long-term assets 4,161 Deferred tax assets 4,664 Total Assets $ 164,095 Current maturities of long-term debt 1,252 Accounts payable 7,715 Customer deposits 2,045 Current portion of operating lease liability 1,937 Accrued expenses 5,260 Long-term debt, less current maturities 1,252 Long-term operating lease liability 2,565 Other long-term liabilities 80 Total Liabilities $ 22,106 Net Assets $ 141,989 Consideration (Amounts in Thousands) Cash $ 110,199 Contingent earn-out — fair value at acquisition date 31,790 Fair value of total consideration $ 141,989 Less: Acquired cash 5,768 Total consideration less acquired cash $ 136,221 The operating results of this acquisition are included in our consolidated financial statements beginning on December 9, 2020. For both the quarter and year-to-date periods ended December 31, 2020, net sales and net loss related to Poppin were $2.7 million and $1.0 million, respectively. Direct costs of the acquisition during both the quarter and year-to-date periods ended December 31, 2020, of approximately $3.4 million were expensed as incurred and were included on the Selling and Administrative Expenses line of our Condensed Consolidated Statements of Income. The goodwill is not deductible for tax purposes. Goodwill is primarily attributable to the anticipated supply chain and revenue synergies including cross selling initiatives expected from the operations of the combined company. See Note 2 - Recent Accounting Pronouncements and Supplemental Information of Notes to Condensed Consolidated Financial Statements for more information on goodwill and other intangible assets. The purchase price allocation is provisional pending final valuations and purchase accounting adjustments, which were not final as of December 31, 2020. We utilized management estimates and consultation with an independent third-party valuation firm to assist in the valuation process. Pro Forma Information The following unaudited pro forma financial information summarizes the combined results of operations for Kimball International, Inc. and Poppin, Inc. as if the companies were combined as of the beginning of fiscal year 2020: (unaudited) (unaudited) Three Months Ended Six Months Ended December 31 December 31 (Amounts in Thousands, Except Per Share Date) 2020 2019 2020 2019 Net Sales $ 143,500 $ 214,727 $ 304,290 $ 436,057 Net Income (Loss) (1,640) 7,969 1,342 16,352 Diluted Earnings (Loss) Per Share of Common Stock $ (0.04) $ 0.21 $ 0.04 $ 0.44 This pro forma financial information is based on historical results of operations, adjusted for the allocation of the purchase price and other acquisition accounting adjustments. This pro forma information is not necessarily indicative of what our results would have been had we operated the businesses since the beginning of the periods presented. The pro forma adjustments reflect the income statement effects of amortization of intangibles related to the fair value adjustments of the assets acquired, acquisition-related costs, incremental interest expense, and the related tax effects.

Note 4. Restructuring (Notes)

Note 4. Restructuring (Notes)	6 Months Ended
	Dec. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure	Restructuring We recognized pre-tax restructuring expense of $1.6 million and $5.9 million in the three and six months ended December 31, 2020, respectively, and recognized $1.4 million and $5.7 million for the three and six months ended December 31, 2019. 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. Transformation Restructuring Plan Phase 1: In June 2019, we announced a transformation restructuring plan to optimize resources for future growth, improve efficiency, and build capabilities across our organization. We believe phase 1 of our transformation restructuring plan has established a more cost-efficient structure to better align our operations with our long-term strategic goals. The transformation restructuring plan includes the following: • We reviewed our overall manufacturing facility footprint to reduce excess capacity and gain efficiencies by centralizing manufacturing operations. We have ceased operations at a leased seating manufacturing facility in Martinsville, Virginia, and consolidated a David Edward production facility in Red Lion, Pennsylvania into our Baltimore, Maryland facility. • The creation of center-led functions for finance, human resources, information technology and legal functions resulted in the standardization of processes and the elimination of duplication. In addition, we centralized 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 lease and associated leasehold improvements. Additional impairment was recognized in our fourth quarter of fiscal year 2020 due to degradation of sublease assumptions resulting from the current economic environment. We estimate that the total pre-tax restructuring charges upon completion of the plan will be approximately $11.3 million. The restructuring charges are expected to consist of approximately $3.6 million for severance and other employee-related costs, $3.6 million for facility exit and other costs, and $4.1 million for asset impairment. Approximately 55% of the total cost estimate is expected to be cash expense. A summary of the charges recorded in connection with phase 1 of the transformation restructuring plan is as follows: Three Months Ended Six Months Ended Charges Incurred to Date December 31 December 31 (Amounts in Thousands) 2020 2019 2020 2019 Cash-related restructuring charges: Severance and other employee related costs $ — $ 785 $ 62 $ 1,991 $ 2,884 Facility exit costs and other cash charges 254 523 585 992 2,625 Total cash-related restructuring charges $ 254 $ 1,308 $ 647 $ 2,983 $ 5,509 Non-cash charges: Transition stock compensation — 184 — 654 725 Impairment of assets and accelerated depreciation 73 (147) 405 2,058 4,095 Other non-cash charges 34 51 72 51 221 Total non-cash charges $ 107 $ 88 $ 477 $ 2,763 $ 5,041 Total charges $ 361 $ 1,396 $ 1,124 $ 5,746 $ 10,550 A summary of the current period activity in accrued restructuring related to phase 1 of 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, 2020 $ 167 $ 65 $ 232 Additions charged to expense 62 — 62 Cash payments charged against reserve (224) (60) (284) Non-cash adjustments — (5) (5) Balance at December 31, 2020 $ 5 $ — $ 5 Transformation Restructuring Plan Phase 2: In August 2020, we announced the next phase of our transformation restructuring plan that will align our business units to a new market-centric orientation and is expected to yield additional cost savings that will aid us in effectively managing through the downturn caused by the COVID-19 pandemic. Phase 2 of the transformation restructuring plan builds on the initial strategy and the transformation restructuring plan announced in June 2019. The following is a summary of the activities we will be undertaking pursuant to phase 2 of the transformation restructuring plan: • As part of the previously announced plan to consolidate manufacturing of all brands into one world-class global operations group, we are streamlining our manufacturing facilities by leveraging production capabilities across all facilities, establishing centers of excellence, and setting up processes to facilitate flexing of product between facilities in response to volume fluctuations. We are also reviewing our overall facility footprint to identify opportunities to reduce capacity and gain efficiencies. • We are streamlining our workforce to align with the new organizational structure and respond to lower volumes created by the COVID-19 pandemic, creating a more efficient organization to deliver on our Connect 2.0 strategy. Phase 2 of the transformation restructuring plan began in the first quarter of our fiscal year 2021, and we expect a substantial majority of the underlying activities of these aforementioned actions to be completed within two years. In addition to the savings already generated from phase 1 of the transformation restructuring plan, the efforts of the phase 2 transformation restructuring plan are expected to generate annualized pre-tax savings of approximately $16.0 million when it is fully implemented. We currently estimate the phase 2 transformation restructuring plan will incur total pre-tax restructuring charges of approximately $15.0 million to $16.0 million, with $10.0 million to $11.0 million expected to be recorded in fiscal year 2021, and the remainder in fiscal year 2022. The restructuring charges are expected to consist of approximately $6.3 million to $6.7 million for severance and other employee-related costs, $3.7 million to $4.1 million for facility costs, and $5.0 million to $5.2 million for lease and other asset impairment. Approximately 70% of the total cost estimate is expected to be cash expense. A summary of the charges recorded in connection with phase 2 of the transformation restructuring plan is as follows: Three Months Ended Six Months Ended Charges Incurred to Date December 31 December 31 (Amounts in Thousands) 2020 2020 Cash-related restructuring charges: Severance and other employee related costs $ 621 $ 3,511 $ 3,511 Facility exit costs and other cash charges 109 236 236 Total cash-related restructuring charges $ 730 $ 3,747 $ 3,747 Non-cash charges: Impairment of assets and accelerated depreciation 525 985 985 Total charges $ 1,255 $ 4,732 $ 4,732 A summary of the current period activity in accrued restructuring related to phase 2 of 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, 2020 $ — $ — $ — Additions charged to expense 3,703 — 3,703 Cash payments charged against reserve (2,272) — (2,272) Non-cash adjustments (192) — (192) Balance at December 31, 2020 $ 1,239 $ — $ 1,239

Note 5. Revenue (Notes)

Note 5. Revenue (Notes)	6 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Revenue from Contract with Customer [Text Block]	Revenue Disaggregation of Revenue The following table provides information about revenue by end market: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Millions) 2020 2019 2020 2019 Workplace $ 87.4 $ 114.4 $ 182.7 $ 240.1 Health 27.0 28.2 47.6 57.1 Hospitality 21.8 49.6 53.8 96.4 Total Net Sales $ 136.2 $ 192.2 $ 284.1 $ 393.6 The Workplace, Health, and Hospitality end markets align with the reorganization which occurred at the beginning of fiscal year 2021. Our Workplace end market includes sales to the commercial, financial, government and education vertical markets. 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, 2020 that was included in the June 30, 2020 customer deposit balance was $13.3 million.

Note 6. Leases (Notes)

Note 6. Leases (Notes)	6 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Leases of Lessee Disclosure [Text Block]	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 2027. 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. Certain leases have terms that are dependent upon the occurrence of events, activities, or circumstances in lease agreements and incur variable lease expense driven by 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. For all classes of assets, we do not separate non-lease components of a contract from the lease components to which they relate. We do not recognize a right-of-use asset or lease liability for short-term leases that have a lease term of twelve months or less. The components of our lease expenses are as follows: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Millions) 2020 2019 2020 2019 Operating lease expense $ 1.0 $ 0.8 $ 1.8 $ 1.6 Variable lease expense 0.6 0.6 1.3 1.3 Total lease expense $ 1.6 $ 1.4 $ 3.1 $ 2.9 Right-of-use assets for operating leases are tested for impairment in the same manner as long-lived assets used in operations as explained in Note 13 - Fair Value of Notes to Condensed Consolidated Financial Statements. During the first quarter of fiscal year 2021, we recorded $0.2 million of right-of-use asset and associated leasehold improvement impairment resulting from consolidating a production facility in Red Lion, Pennsylvania into our Baltimore, Maryland facility as part of our transformation restructuring plan. 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 as part of our transformation restructuring plan. The impairment charges are 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 December 31 (Amounts in Millions) 2020 2019 Cash flow information: Operating lease payments impacting lease liability $ 2.5 $ 2.4 Non-cash impact of obtaining new right-of-use assets $ 5.1 $ 0.1 As of December 31 (Amounts in Millions) 2020 2019 Other information: Weighted-average remaining term (in years) 4.6 6.0 Weighted-average discount rate 4.5 % 4.6 % The following table summarizes the future minimum lease payments as of December 31, 2020: Fiscal Year Ended (Amounts in Millions) June 30 (1) 2021 $ 3.5 2022 6.6 2023 5.6 2024 3.4 2025 2.7 Thereafter 2.6 Total lease payments $ 24.4 Less interest 2.3 Present value of lease liabilities $ 22.1

Note 7. Earnings Per Share (Not

Note 7. Earnings Per Share (Notes)	6 Months Ended
	Dec. 31, 2020
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) 2020 2019 2020 2019 Net Income (Loss) $ (838) $ 11,039 $ 4,548 $ 22,423 Average Shares Outstanding for Basic EPS Calculation 36,962 36,921 36,968 36,929 Dilutive Effect of Average Outstanding Compensation Awards — 300 497 345 Average Shares Outstanding for Diluted EPS Calculation 36,962 37,221 37,465 37,274 Basic Earnings (Loss) Per Share $ (0.02) $ 0.30 $ 0.12 $ 0.61 Diluted Earnings (Loss) Per Share $ (0.02) $ 0.30 $ 0.12 $ 0.60

Note 8. Income Taxes (Notes)

Note 8. Income Taxes (Notes)	6 Months Ended
	Dec. 31, 2020
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 for the six months ended December 31, 2020 was 31.3%, which was higher than the combined federal and state statutory tax rate due to nondeductible acquisition expenses related to the Poppin, Inc. acquisition and nondeductible officer compensation which was not fully offset by tax credits. Our effective tax rate for the three months ended December 31, 2020 was a negative tax rate of (34.1)%, as nondeductible costs outweighed the tax benefit from the pre-tax loss during the quarter. Our effective tax rate of 28.4% and 27.9%, respectively, for the three and six months ended December 31, 2019, was higher than statutory rates primarily due to nondeductible expenses and a prior year state tax provision adjustment. During the second quarter of fiscal year 2021, we acquired U.S. federal net operating losses (“NOLs”) of approximately $75.7 million in connection with the Poppin, Inc. acquisition, of which an estimated $72.7 million will be available to offset future taxable income during the carryforward period based on limitations under Section 382 of the Internal Revenue Code of 1986, as amended. Approximately $60.1 million of federal NOLs expire between fiscal years 2032 and 2037 and the remaining available federal NOLs can be carried forward indefinitely. We also acquired state NOLs of approximately $91.3 million in connection with the Poppin, Inc. acquisition, of which an estimated $66.7 million will available to offset future taxable income during the carryforward periods. We provided a full valuation allowance against the available state NOLs, as we do not have sufficient positive evidence at this time to conclude that Poppin, Inc. will be able to utilize the NOL carryforwards in the states where the losses were generated, considering state limitations on the utilization of NOLs.

Note 9. Inventories (Notes)

Note 9. Inventories (Notes)	6 Months Ended
	Dec. 31, 2020
Inventories [Abstract]
Inventory Disclosure	Inventories Inventory components were as follows: (Amounts in Thousands) December 31, June 30, Finished products $ 44,164 $ 29,081 Work-in-process 1,145 1,648 Raw materials 31,526 35,295 Total FIFO inventory 76,835 66,024 LIFO reserve (16,636) (16,167) Total inventory $ 60,199 $ 49,857

Note 10. Accumulated Other Comp

Note 10. Accumulated Other Comprehensive Income (Notes)	6 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income [Abstract]
Accumulated Comprehensive Income	Accumulated Other Comprehensive Income During the three months ended December 31, 2020 and 2019, the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at September 30, 2020 $ 14 $ 2,154 $ 2,168 Other comprehensive income (loss) before reclassifications (10) 92 82 Reclassification to (earnings) loss — (81) (81) Net current-period other comprehensive income (loss) (10) 11 1 Balance at December 31, 2020 $ 4 $ 2,165 $ 2,169 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 During the six months ended December 31, 2020 and 2019, the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2020 $ 32 $ 2,105 $ 2,137 Other comprehensive income (loss) before reclassifications (28) 224 196 Reclassification to (earnings) loss — (164) (164) Net current-period other comprehensive income (loss) (28) 60 32 Balance at December 31, 2020 $ 4 $ 2,165 $ 2,169 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 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) 2020 2019 2020 2019 Postemployment Benefits Amortization of Actuarial Gain (1) $ 109 $ 90 $ 221 $ 178 Non-operating income (expense), net (28) (23) (57) (46) Benefit (Provision) for Income Taxes Total Reclassifications for the Period $ 81 $ 67 $ 164 $ 132 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 16 - Postemployment Benefits

Note 11. Short-Term and Long-Te

Note 11. Short-Term and Long-Term Debt (Notes)	6 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Debt Disclosure	Short-Term and Long-Term Debt Short-term borrowings and long-term debt consisted of the following obligations: (Amounts in Thousands) December 31, June 30, Short-term debt under credit facility due June 8, 2021; 1.56% $ 40,000 $ — PPP loan obtained in Poppin acquisition due April 23, 2022; 1.00% 2,504 — Other debt maturing August 12, 2025; 9.25% 109 136 Total Debt $ 42,613 $ 136 As of December 31, 2020 we had a $125 million credit facility with a maturity date of October 2024 that allowed for both issuances of letters of credit and cash borrowings. We also have an option to request an increase of the amount available for borrowing to $200 million, subject to participating banks’ consent. The loans under the Credit Agreement could consist of, at our election, advances in U.S. dollars or advances in any other currency that was agreed to by the lenders. The proceeds of the loans are to be used for general corporate purposes including acquisitions. A portion of the credit facility, not to exceed $10 million of the principal amount, was available for the issuance of letters of credit. At December 31, 2020, we had $1.6 million in letters of credit outstanding, which reduced our borrowing capacity on the credit facility. Total availability to borrow under the credit facility totaled $83.4 million at December 31, 2020. For the second quarter of fiscal year 2021 and 2020, interest expense incurred and paid was, in thousands, $2 and $0, respectively, and for the year-to date periods of fiscal year 2021 and 2020 was $29 and $14, respectively. The interest rate is dependent on the type of borrowings and will be one of the following two options: • the adjusted London Interbank Offered Rate (“Adjusted LIBO Rate” as defined in the Credit Agreement) in effect two business days prior to the advance (adjusted upwards to reflect bank reserve costs) for such interest period, plus the Eurocurrency Loans margin which can range from 125.0 to 200.0 basis points based on the Company's ratio of consolidated total indebtedness to adjusted consolidated EBITDA; or • the Alternate Base Rate (the “ABR”) which is defined as the highest of the fluctuating rate per annum equal to the higher of a. prime rate as last quoted by The Wall Street Journal; or b. 1% per annum above the Adjusted LIBO rate; or c. 0.5% per annum above the Federal Reserve Bank of New York; plus the ABR Loans spread which can range from 25.0 to 100.0 basis points based on the Company's ratio of consolidated total indebtedness to adjusted consolidated EBITDA. We were in compliance with all debt covenants of the credit facility during the six-month period ended December 31, 2020. The most significant financial covenants under the Credit Agreement require: • an adjusted leverage ratio of (a) consolidated total indebtedness minus unencumbered U.S. cash equivalents in excess of $15,000,000 provided that the maximum subtraction shall not exceed $35,000,000 to (b) adjusted consolidated EBITDA, determined as of the end of each of its fiscal quarters for the then most recently ended four fiscal quarters, to not be greater than 3.0 to 1.0, and • an interest coverage ratio, for any period, of (a) Consolidated EBITDA for such period to (b) cash interest expense for such period, calculated on a consolidated basis in accordance with GAAP for the trailing four quarter period then ending, to not be less than 3.00 to 1.00. We acquired Poppin, Inc. subsequent to their borrowing of the Payment Protection Program (“PPP”) loan, and we hold restricted cash in escrow for repayment of the PPP loan. If the PPP loan is forgiven, the proceeds will be paid to the former Poppin, Inc. equityholders per the terms of the agreement and plan of merger.

Note 12. Commitments and Contin

Note 12. Commitments and Contingent Liabilities (Notes)	6 Months Ended
	Dec. 31, 2020
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, 2020, we had a maximum financial exposure from unused standby letters of credit totaling $1.6 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 $8.4 million as of December 31, 2020. 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, 2020 with respect to the standby letters of credit or performance bonds. 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, 2020 and 2019 were as follows: Six Months Ended December 31 (Amounts in Thousands) 2020 2019 Product Warranty Liability at the beginning of the period $ 3,190 $ 2,238 Additions to warranty accrual (including changes in estimates) 867 285 Settlements made (in cash or in kind) (1,025) (422) Product Warranty Liability at the end of the period $ 3,032 $ 2,101

Note 13. Fair Value (Notes)

Note 13. Fair Value (Notes)	6 Months Ended
	Dec. 31, 2020
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. There were 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, 2020. In connection with the acquisition of Poppin, we valued long-lived and intangible assets at their estimated fair values at the acquisition date. The fair value estimates for intangible assets were based upon assumptions related to the future cash flows and discount rates utilizing currently available information, and in some cases, valuation results from independent valuation specialists (Level 3 determination of fair value). Subsequent to the acquisition, we may determine the fair value of our long-lived and intangible assets on a non-recurring basis in connection with our periodic evaluations of such assets for potential impairment and record impairment charges when such fair value estimates are lower than the carrying values of the assets. As part of the acquisition, contingent earn-out payments up to $70.0 million may be paid based on revenue and profitability milestones achieved through June 30, 2024. As of the December 9, 2020 acquisition date, the fair value of the contingent earn-out liability was $31.8 million. The liability is carried at fair value and is classified in Level 3 of the fair value hierarchy. The recurring Level 3 fair value measurements of our contingent consideration liability include the following significant unobservable inputs: Contingent Consideration Liability Fair Value Valuation Technique Unobservable Inputs Range Selected Revenue and EBITDA Based Payments $ 31.8 million Discounted Cash Flow Revenue Discount Rate 4% to 6% 5 % EBITDA Volatility 30% to 52.5% 50 % Revenue Volatility 5% to 7% 7 % 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 14 - Investments of Notes to Condensed Consolidated Financial Statements for further information regarding the investment in equity securities without readily determinable fair value, and Note 15 - Derivative Instruments of Notes to Condensed Consolidated Financial Statements for further information regarding the investment in stock warrants. No purchases or sales of Level 3 assets occurred during the six months ended December 31, 2020. 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 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. 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. The value of the stock warrants fluctuates primarily in relation to the value of the privately-held company's underlying securities. 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, 2020 and June 30, 2020, 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, 2020 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 33,745 $ — $ — $ 33,745 Available-for-sale securities: Secondary market certificates of deposit — 1,505 — 1,505 Trading Securities: Mutual funds in nonqualified SERP 13,452 — — 13,452 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 47,197 $ 1,505 $ 1,500 $ 50,202 Liabilities Contingent earn-out liability — — 31,790 31,790 Total liabilities at fair value $ — $ — $ 31,790 $ 31,790 June 30, 2020 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 91,035 $ — $ — $ 91,035 Available-for-sale securities: Secondary market certificates of deposit — 5,294 — 5,294 Trading Securities: Mutual funds in nonqualified SERP 11,975 — — 11,975 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 103,010 $ 5,294 $ 1,500 $ 109,804 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 14 - Investments of 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 Right of Use Lease Assets and Related Asset Groups 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 2021, we recorded $0.2 million of right-of-use asset and associated leasehold improvement impairment resulting from consolidating a production facility in Red Lion, Pennsylvania into our Baltimore, Maryland facility as part of our transformation restructuring plan. 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 1 4 - Investments of 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, debt, and dividends payable approximates fair value due to their relatively short maturity and immaterial non-performance risk.

Note 14. Investments (Notes)

Note 14. Investments (Notes)	6 Months Ended
	Dec. 31, 2020
Investments [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure	Investments Investment Portfolio: Our investment portfolio consists of certificates of deposit purchased in the secondary market. 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: December 31, 2020 (Amounts in Thousands) Certificates of Deposit Within one year $ 1,505 After one year through two years — Total Fair Value $ 1,505 All investments are classified as available-for-sale securities which are recorded at fair value. See Note 1 3 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the fair value of available-for-sale securities. The amortized cost basis reflects the original purchase price, with discounts and premiums amortized over the life of the available-for-sale securities. Unrealized losses on available-for-sale securities are recognized in earnings when there is intent to sell or it is likely to be required to sell before recovery of the loss, or when the available-for-sale securities have incurred a credit loss. Otherwise, unrealized gains and losses are recorded net of the tax-related effect as a component of Shareholders’ Equity. December 31, 2020 (Amounts in Thousands) Certificates of Deposit Amortized cost basis $ 1,500 Unrealized holding gains 5 Unrealized holding losses — Fair Value $ 1,505 June 30, 2020 (Amounts in Thousands) Certificates of Deposit Amortized cost basis $ 5,250 Unrealized holding gains 44 Unrealized holding losses — Fair Value $ 5,294 No investments were in a continuous unrealized loss position for greater than twelve months as of December 31, 2020. There were no realized gains or losses as a result of sales in the three and six months ended December 31, 2020 and December 31, 2019. Supplemental Employee Retirement Plan Investments: We maintain a self-directed 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 for the six months ended December 31, 2020 and 2019 were, in thousands, $1,747 and $418, respectively. SERP asset and liability balances were as follows: (Amounts in Thousands) December 31, June 30, SERP investments - current asset $ 3,284 $ 3,622 SERP investments - other long-term asset 10,168 8,353 Total SERP investments $ 13,452 $ 11,975 SERP obligation - current liability $ 3,284 $ 3,622 SERP obligation - other long-term liability 10,168 8,353 Total SERP obligation $ 13,452 $ 11,975 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 1 3 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities. We do not hold a majority voting interest and are not the variable interest primary beneficiary of the privately-held company, thus consolidation is not required.

Note 15. Derivative Instruments

Note 15. Derivative Instruments (Notes)	6 Months Ended
	Dec. 31, 2020
Derivative Instruments [Abstract]
Derivative Instruments and Hedging Activities Disclosure	Derivative InstrumentsWe 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, 2020, the change in fair value of the stock warrants was not significant. See Note 1 3 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities.

Note 16. Postemployment Benefit

Note 16. Postemployment Benefits (Notes)	6 Months Ended
	Dec. 31, 2020
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) 2020 2019 2020 2019 Service cost $ 121 $ 119 $ 243 $ 245 Interest cost 10 18 21 37 Amortization of actuarial income (109) (90) (221) (178) Net periodic benefit cost $ 22 $ 47 $ 43 $ 104 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 17. Stock Compensation (No

Note 17. Stock Compensation (Notes)	6 Months Ended
	Dec. 31, 2020
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, 2020 was $1.3 million and $2.3 million, respectively, and during the quarter and year-to-date period ended December 31, 2019 was $1.1 million and $3.2 million, respectively. The total income tax benefit for stock compensation arrangements during the quarter and year-to-date period ended December 31, 2020 was $0.3 million and $0.6 million, respectively, and during the quarter and year-to-date period ended December 31, 2019 was $0.3 million and $0.8 million, respectively. During fiscal year 2021, 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, 2020. Type of Award Quarter Awarded Targeted Shares or Units Grant Date Fair Value (4) Relative Total Shareholder Return Performance Units (1) 1st Quarter 82,036 $11.35 Relative Total Shareholder Return Performance Units (1) 2nd Quarter 17,285 $10.68 - $12.63 Restricted Stock Units (2) 1st Quarter 165,529 $10.94 - $11.28 Restricted Stock Units (2) 2nd Quarter 415,513 $11.08 - $12.25 Unrestricted Shares (3) 1st Quarter 12,592 $11.02 Unrestricted Shares (3) 2nd Quarter 11,042 $10.65 - $10.67 (1) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2021, June 30, 2022, and June 30, 2023. 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 190,664. (2) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2021, December 31, 2021, June 30, 2022, December 31, 2022, June 30, 2023, and December 31, 2023. Upon vesting, the outstanding number of restricted stock units and the value of dividends accumulated over the vesting period are converted to shares of common stock. (3) 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. (4) 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. Variable Interest Enti

Note 18. Variable Interest Entities (Notes)	6 Months Ended
	Dec. 31, 2020
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, 2020 and June 30, 2020 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 13 - Fair Value of Notes to Condensed Consolidated Financial Statements. The carrying value of the notes receivable for independent dealership financing were $0.6 million at December 31, 2020 and $0.9 million at June 30, 2020 and were included on the Receivables and Other Assets lines of our Condensed Consolidated Balance Sheets. We have no obligation to provide additional funding to the VIEs, and thus our exposure and risk of loss related to the VIEs is limited to the carrying value of the investment and notes receivable. Financial support provided by Kimball International to the VIEs was limited to the items discussed above during the quarter ended December 31, 2020.

Note 1. Basis of Presentation_2

Note 1. Basis of Presentation (Policies)	6 Months Ended
	Dec. 31, 2020
Basis of Presentation [Abstract]
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 (Policies)	6 Months Ended
	Dec. 31, 2020
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements	Recently Adopted Accounting Pronouncements: In August 2018, the Financial Accounting Standards Board (“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 was adopted during our first quarter of fiscal year 2021 and was applied prospectively. The adoption of this guidance did not have a material effect 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 was adopted during our first quarter of fiscal year 2021 and was applied retrospectively. The adoption of this guidance did not have a material effect 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 was adopted during our first quarter of fiscal year 2021 and did not have a material effect on our condensed consolidated financial statements.
Goodwill	Goodwill represents the difference between the purchase price and the related underlying tangible and intangible net asset fair values resulting from business acquisitions. Goodwill is assigned to and the fair value is tested at the reporting unit level. Annually, or if conditions indicate an earlier review is necessary, we may assess qualitative factors to determine if it is more likely than not that the fair value is less than its carrying amount. We also have the option to bypass the qualitative assessment and proceed directly to performing the quantitative goodwill impairment test which compares the carrying value of the reporting unit to the reporting unit’s fair value to identify impairment. Under the quantitative assessment, if the fair value of the reporting unit is less than the carrying value, goodwill is written down to its fair value. The fair value is established primarily using a discounted cash flow analysis and secondarily a market approach utilizing current industry information. The calculation of the fair value of the reporting unit considers current market conditions existing at the assessment date.
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, non-compete agreements, acquired technology, patents and trademarks 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 non accrual 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 considers several factors including historical write-off experience, overall customer credit quality in relation to general economic and market conditions, and specific customer account analyses to estimate the collectability of certain accounts. The specific customer account analyses considers such items as aging, credit worthiness, payment history, and historical bad debt experience. 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
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 4. Restructuring (Policies

Note 4. Restructuring (Policies)	3 Months Ended
	Dec. 31, 2020
Restructuring and Related Activities [Abstract]
Impairment or Disposal of Long-Lived Assets, Policy	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, 2020
Leases [Abstract]
Recognition of Asset and Liability for Lease [Policy Text Block]	Certain leases have terms that are dependent upon the occurrence of events, activities, or circumstances in lease agreements and incur variable lease expense driven by 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]	For all classes of assets, we do not separate non-lease components of a contract from the lease components to which they relate.
Short-term Leases [Policy Text Block]	We do not 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, 2020
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, 2020
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 12. Commitments and Cont_2

Note 12. Commitments and Contingent Liabilities (Policies)	6 Months Ended
	Dec. 31, 2020
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 13. Fair Value (Policies)

Note 13. Fair Value (Policies)	6 Months Ended
	Dec. 31, 2020
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. There were 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, 2020.
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 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. 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. The value of the stock warrants fluctuates primarily in relation to the value of the privately-held company's underlying securities. 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 Right of Use Lease Assets and Related Asset Groups 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.

Note 17. Stock Compensation (Po

Note 17. Stock Compensation (Policies)	6 Months Ended
	Dec. 31, 2020
Stock Compensation Plan [Abstract]
Share-based Payment Arrangement [Policy Text Block]	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_2

Note 2. Recent Accounting Pronouncements and Supplemental Information (Tables)	6 Months Ended
	Dec. 31, 2020
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, 2020 June 30, 2020 (Amounts in Thousands) Cost Accumulated Net Value Cost Accumulated Net Value Capitalized Software $ 42,063 $ 33,202 $ 8,861 $ 43,671 $ 37,566 $ 6,105 Customer Relationships 19,050 2,378 16,672 7,050 1,871 5,179 Trade Names 36,570 1,326 35,244 3,570 952 2,618 Acquired Technology 7,000 59 6,941 — — — Patents and Trademarks 288 2 286 — — — Non-Compete Agreements 100 63 37 100 53 47 Other Intangible Assets $ 105,071 $ 37,030 $ 68,041 $ 54,391 $ 40,442 $ 13,949
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) 2020 2019 2020 2019 Gain on Supplemental Employee Retirement Plan Investments $ 1,381 $ 716 $ 2,139 $ 774 Other (1) 1 (16) (56) Non-operating income, net $ 1,380 $ 717 $ 2,123 $ 718

Note 3. Acquisition (Tables)

Note 3. Acquisition (Tables)	6 Months Ended
	Dec. 31, 2020
Acquisition [Abstract]
Schedule of Business Acquisitions, by Acquisition	A summary of the preliminary purchase price allocation is as follows: Purchase Price Allocation (Amounts in Thousands) Cash $ 5,768 Receivables 2,814 Inventories 15,718 Other current assets 700 Net property and equipment 975 Other intangible assets 52,394 Goodwill 71,798 Right-of-use operating lease assets 5,103 Other long-term assets 4,161 Deferred tax assets 4,664 Total Assets $ 164,095 Current maturities of long-term debt 1,252 Accounts payable 7,715 Customer deposits 2,045 Current portion of operating lease liability 1,937 Accrued expenses 5,260 Long-term debt, less current maturities 1,252 Long-term operating lease liability 2,565 Other long-term liabilities 80 Total Liabilities $ 22,106 Net Assets $ 141,989
Schedule of Business Acquisitions by Acquisition, Contingent Consideration	Consideration (Amounts in Thousands) Cash $ 110,199 Contingent earn-out — fair value at acquisition date 31,790 Fair value of total consideration $ 141,989 Less: Acquired cash 5,768 Total consideration less acquired cash $ 136,221
Business Acquisition, Pro Forma Information	The following unaudited pro forma financial information summarizes the combined results of operations for Kimball International, Inc. and Poppin, Inc. as if the companies were combined as of the beginning of fiscal year 2020: (unaudited) (unaudited) Three Months Ended Six Months Ended December 31 December 31 (Amounts in Thousands, Except Per Share Date) 2020 2019 2020 2019 Net Sales $ 143,500 $ 214,727 $ 304,290 $ 436,057 Net Income (Loss) (1,640) 7,969 1,342 16,352 Diluted Earnings (Loss) Per Share of Common Stock $ (0.04) $ 0.21 $ 0.04 $ 0.44

Note 4. Restructuring (Tables)

Note 4. Restructuring (Tables)	6 Months Ended
	Dec. 31, 2020
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs Phase 1	A summary of the charges recorded in connection with phase 1 of the transformation restructuring plan is as follows: Three Months Ended Six Months Ended Charges Incurred to Date December 31 December 31 (Amounts in Thousands) 2020 2019 2020 2019 Cash-related restructuring charges: Severance and other employee related costs $ — $ 785 $ 62 $ 1,991 $ 2,884 Facility exit costs and other cash charges 254 523 585 992 2,625 Total cash-related restructuring charges $ 254 $ 1,308 $ 647 $ 2,983 $ 5,509 Non-cash charges: Transition stock compensation — 184 — 654 725 Impairment of assets and accelerated depreciation 73 (147) 405 2,058 4,095 Other non-cash charges 34 51 72 51 221 Total non-cash charges $ 107 $ 88 $ 477 $ 2,763 $ 5,041 Total charges $ 361 $ 1,396 $ 1,124 $ 5,746 $ 10,550
Restructuring and Related Costs Phase 2	A summary of the charges recorded in connection with phase 2 of the transformation restructuring plan is as follows: Three Months Ended Six Months Ended Charges Incurred to Date December 31 December 31 (Amounts in Thousands) 2020 2020 Cash-related restructuring charges: Severance and other employee related costs $ 621 $ 3,511 $ 3,511 Facility exit costs and other cash charges 109 236 236 Total cash-related restructuring charges $ 730 $ 3,747 $ 3,747 Non-cash charges: Impairment of assets and accelerated depreciation 525 985 985 Total charges $ 1,255 $ 4,732 $ 4,732
Accrued Restructuring Charges Activity Phase 1	A summary of the current period activity in accrued restructuring related to phase 1 of 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, 2020 $ 167 $ 65 $ 232 Additions charged to expense 62 — 62 Cash payments charged against reserve (224) (60) (284) Non-cash adjustments — (5) (5) Balance at December 31, 2020 $ 5 $ — $ 5
Accrued Restructuring Charges Activity Phase 2	A summary of the current period activity in accrued restructuring related to phase 2 of 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, 2020 $ — $ — $ — Additions charged to expense 3,703 — 3,703 Cash payments charged against reserve (2,272) — (2,272) Non-cash adjustments (192) — (192) Balance at December 31, 2020 $ 1,239 $ — $ 1,239

Note 5. Revenue (Tables)

Note 5. Revenue (Tables)	6 Months Ended
	Dec. 31, 2020
Revenue Recognition [Abstract]
Disaggregation of Revenue [Table Text Block]	The following table provides information about revenue by end market: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Millions) 2020 2019 2020 2019 Workplace $ 87.4 $ 114.4 $ 182.7 $ 240.1 Health 27.0 28.2 47.6 57.1 Hospitality 21.8 49.6 53.8 96.4 Total Net Sales $ 136.2 $ 192.2 $ 284.1 $ 393.6

Note 6. Leases (Tables)

Note 6. Leases (Tables)	6 Months Ended
	Dec. 31, 2020
Leases [Abstract]
Lease, Cost [Table Text Block]	The components of our lease expenses are as follows: Three Months Ended Six Months Ended December 31 December 31 (Amounts in Millions) 2020 2019 2020 2019 Operating lease expense $ 1.0 $ 0.8 $ 1.8 $ 1.6 Variable lease expense 0.6 0.6 1.3 1.3 Total lease expense $ 1.6 $ 1.4 $ 3.1 $ 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 December 31 (Amounts in Millions) 2020 2019 Cash flow information: Operating lease payments impacting lease liability $ 2.5 $ 2.4 Non-cash impact of obtaining new right-of-use assets $ 5.1 $ 0.1 As of December 31 (Amounts in Millions) 2020 2019 Other information: Weighted-average remaining term (in years) 4.6 6.0 Weighted-average discount rate 4.5 % 4.6 %
Future Minimum Lease Payments [Table Text Block]	The following table summarizes the future minimum lease payments as of December 31, 2020: Fiscal Year Ended (Amounts in Millions) June 30 (1) 2021 $ 3.5 2022 6.6 2023 5.6 2024 3.4 2025 2.7 Thereafter 2.6 Total lease payments $ 24.4 Less interest 2.3 Present value of lease liabilities $ 22.1

Note 7. Earnings Per Share (Tab

Note 7. Earnings Per Share (Tables)	6 Months Ended
	Dec. 31, 2020
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) 2020 2019 2020 2019 Net Income (Loss) $ (838) $ 11,039 $ 4,548 $ 22,423 Average Shares Outstanding for Basic EPS Calculation 36,962 36,921 36,968 36,929 Dilutive Effect of Average Outstanding Compensation Awards — 300 497 345 Average Shares Outstanding for Diluted EPS Calculation 36,962 37,221 37,465 37,274 Basic Earnings (Loss) Per Share $ (0.02) $ 0.30 $ 0.12 $ 0.61 Diluted Earnings (Loss) Per Share $ (0.02) $ 0.30 $ 0.12 $ 0.60

Note 9. Inventories (Tables)

Note 9. Inventories (Tables)	6 Months Ended
	Dec. 31, 2020
Inventories [Abstract]
Schedule of Inventory, Current	Inventory components were as follows: (Amounts in Thousands) December 31, June 30, Finished products $ 44,164 $ 29,081 Work-in-process 1,145 1,648 Raw materials 31,526 35,295 Total FIFO inventory 76,835 66,024 LIFO reserve (16,636) (16,167) Total inventory $ 60,199 $ 49,857

Note 10. Accumulated Other Co_2

Note 10. Accumulated Other Comprehensive Income (Tables)	6 Months Ended
	Dec. 31, 2020
Accumulated Other Comprehensive Income [Abstract]
Schedule of Accumulated Other Comprehensive Income	During the three months ended December 31, 2020 and 2019, the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at September 30, 2020 $ 14 $ 2,154 $ 2,168 Other comprehensive income (loss) before reclassifications (10) 92 82 Reclassification to (earnings) loss — (81) (81) Net current-period other comprehensive income (loss) (10) 11 1 Balance at December 31, 2020 $ 4 $ 2,165 $ 2,169 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 During the six months ended December 31, 2020 and 2019, the changes in the balances of each component of Accumulated Other Comprehensive Income, net of tax, were as follows: Accumulated Other Comprehensive Income (Amounts in Thousands) Unrealized Investment Gain (Loss) Postemployment Benefits Net Actuarial Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2020 $ 32 $ 2,105 $ 2,137 Other comprehensive income (loss) before reclassifications (28) 224 196 Reclassification to (earnings) loss — (164) (164) Net current-period other comprehensive income (loss) (28) 60 32 Balance at December 31, 2020 $ 4 $ 2,165 $ 2,169 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
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) 2020 2019 2020 2019 Postemployment Benefits Amortization of Actuarial Gain (1) $ 109 $ 90 $ 221 $ 178 Non-operating income (expense), net (28) (23) (57) (46) Benefit (Provision) for Income Taxes Total Reclassifications for the Period $ 81 $ 67 $ 164 $ 132 Net Income Amounts in parentheses indicate reductions to income. (1) See Note 16 - Postemployment Benefits

Note 11. Short-Term and Long-_2

Note 11. Short-Term and Long-Term Debt (Tables)	6 Months Ended
	Dec. 31, 2020
Debt Disclosure [Abstract]
Schedule of Debt	Short-term borrowings and long-term debt consisted of the following obligations: (Amounts in Thousands) December 31, June 30, Short-term debt under credit facility due June 8, 2021; 1.56% $ 40,000 $ — PPP loan obtained in Poppin acquisition due April 23, 2022; 1.00% 2,504 — Other debt maturing August 12, 2025; 9.25% 109 136 Total Debt $ 42,613 $ 136

Note 12. Commitments and Cont_3

Note 12. Commitments and Contingent Liabilities (Tables)	6 Months Ended
	Dec. 31, 2020
Commitments and Contingent Liabilities [Abstract]
Schedule of Product Warranty Liability	Changes in the product warranty accrual for the six months ended December 31, 2020 and 2019 were as follows: Six Months Ended December 31 (Amounts in Thousands) 2020 2019 Product Warranty Liability at the beginning of the period $ 3,190 $ 2,238 Additions to warranty accrual (including changes in estimates) 867 285 Settlements made (in cash or in kind) (1,025) (422) Product Warranty Liability at the end of the period $ 3,032 $ 2,101

Note 13. Fair Value (Tables)

Note 13. Fair Value (Tables)	6 Months Ended
	Dec. 31, 2020
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 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. 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. The value of the stock warrants fluctuates primarily in relation to the value of the privately-held company's underlying securities. 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, 2020 and June 30, 2020, 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, 2020 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 33,745 $ — $ — $ 33,745 Available-for-sale securities: Secondary market certificates of deposit — 1,505 — 1,505 Trading Securities: Mutual funds in nonqualified SERP 13,452 — — 13,452 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 47,197 $ 1,505 $ 1,500 $ 50,202 Liabilities Contingent earn-out liability — — 31,790 31,790 Total liabilities at fair value $ — $ — $ 31,790 $ 31,790 June 30, 2020 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 91,035 $ — $ — $ 91,035 Available-for-sale securities: Secondary market certificates of deposit — 5,294 — 5,294 Trading Securities: Mutual funds in nonqualified SERP 11,975 — — 11,975 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 103,010 $ 5,294 $ 1,500 $ 109,804
Non-recurring Fair Value Adjustment Technique [Table Text Block]	Non-recurring Fair Value Adjustment Level Valuation Technique/Inputs Used Impairment of Right of Use Lease Assets and Related Asset Groups 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.
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation	The recurring Level 3 fair value measurements of our contingent consideration liability include the following significant unobservable inputs: Contingent Consideration Liability Fair Value Valuation Technique Unobservable Inputs Range Selected Revenue and EBITDA Based Payments $ 31.8 million Discounted Cash Flow Revenue Discount Rate 4% to 6% 5 % EBITDA Volatility 30% to 52.5% 50 % Revenue Volatility 5% to 7% 7 %

Note 14. Investments (Tables)

Note 14. Investments (Tables)	6 Months Ended
	Dec. 31, 2020
Investments [Abstract]
Schedule of Contractual Maturities on Investments	The contractual maturities of our investment portfolio were as follows: December 31, 2020 (Amounts in Thousands) Certificates of Deposit Within one year $ 1,505 After one year through two years — Total Fair Value $ 1,505
Unrealized Gain (Loss) on Investments	December 31, 2020 (Amounts in Thousands) Certificates of Deposit Amortized cost basis $ 1,500 Unrealized holding gains 5 Unrealized holding losses — Fair Value $ 1,505 June 30, 2020 (Amounts in Thousands) Certificates of Deposit Amortized cost basis $ 5,250 Unrealized holding gains 44 Unrealized holding losses — Fair Value $ 5,294
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 $ 3,284 $ 3,622 SERP investments - other long-term asset 10,168 8,353 Total SERP investments $ 13,452 $ 11,975 SERP obligation - current liability $ 3,284 $ 3,622 SERP obligation - other long-term liability 10,168 8,353 Total SERP obligation $ 13,452 $ 11,975

Note 16. Postemployment Benef_2

Note 16. Postemployment Benefits (Tables)	6 Months Ended
	Dec. 31, 2020
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) 2020 2019 2020 2019 Service cost $ 121 $ 119 $ 243 $ 245 Interest cost 10 18 21 37 Amortization of actuarial income (109) (90) (221) (178) Net periodic benefit cost $ 22 $ 47 $ 43 $ 104

Note 17. Stock Compensation (Ta

Note 17. Stock Compensation (Tables)	6 Months Ended
	Dec. 31, 2020
Stock Compensation Plan [Abstract]
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Grant Date Intrinsic Value	Type of Award Quarter Awarded Targeted Shares or Units Grant Date Fair Value (4) Relative Total Shareholder Return Performance Units (1) 1st Quarter 82,036 $11.35 Relative Total Shareholder Return Performance Units (1) 2nd Quarter 17,285 $10.68 - $12.63 Restricted Stock Units (2) 1st Quarter 165,529 $10.94 - $11.28 Restricted Stock Units (2) 2nd Quarter 415,513 $11.08 - $12.25 Unrestricted Shares (3) 1st Quarter 12,592 $11.02 Unrestricted Shares (3) 2nd Quarter 11,042 $10.65 - $10.67 (1) Performance units were awarded to key officers under the Company’s Relative Total Shareholder Return program. Vesting occurs at June 30, 2021, June 30, 2022, and June 30, 2023. 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 190,664. (2) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2021, December 31, 2021, June 30, 2022, December 31, 2022, June 30, 2023, and December 31, 2023. Upon vesting, the outstanding number of restricted stock units and the value of dividends accumulated over the vesting period are converted to shares of common stock. (3) 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. (4) 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 - Goodwill and Other Intangible Assets Textuals (Details) - USD ($)	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 09, 2020	Jun. 30, 2020
Goodwill, Impairment Loss	$ 0
Goodwill	82,958,000		$ 82,958,000			$ 11,160,000
Amortization	1,049,000	$ 547,000	1,702,000	$ 1,068,000
Finite-Lived Intangible Assets, Amortization Expense, Remainder of Fiscal Year	4,918,000		4,918,000
Finite-Lived Intangible Asset, Expected Amortization, Year One	9,182,000		9,182,000
Finite-Lived Intangible Assets, Amortization Expense, Year Two	8,344,000		8,344,000
Finite-Lived Intangible Assets, Amortization Expense, Year Three	7,754,000		7,754,000
Finite-Lived Intangible Assets, Amortization Expense, Year Four	7,565,000		7,565,000
Finite Lived Intangible Assets Amortization Expense After Year Four	30,278,000		30,278,000
Indefinite-lived Intangible Assets (Excluding Goodwill)	0		0
Finite-Lived Intangible Assets, Net	68,041,000		$ 68,041,000			13,949,000
Software and Software Development Costs | Minimum
Finite-Lived Intangible Asset, Useful Life			2 years
Software and Software Development Costs | Maximum
Finite-Lived Intangible Asset, Useful Life			10 years
Customer Relationships
Finite-Lived Intangible Assets, Net	16,672,000		$ 16,672,000			5,179,000
Customer Relationships | Minimum
Finite-Lived Intangible Asset, Useful Life			10 years
Customer Relationships | Maximum
Finite-Lived Intangible Asset, Useful Life			20 years
Trade Names
Finite-Lived Intangible Asset, Useful Life			10 years
Finite-Lived Intangible Assets, Net	35,244,000		$ 35,244,000			2,618,000
Non-Compete Agreements
Finite-Lived Intangible Asset, Useful Life			5 years
Finite-Lived Intangible Assets, Net	37,000		$ 37,000			47,000
Patents
Finite-Lived Intangible Asset, Useful Life			14 years
Trademarks
Finite-Lived Intangible Asset, Useful Life			15 years
Technology-Based Intangible Assets
Finite-Lived Intangible Asset, Useful Life			7 years
Finite-Lived Intangible Assets, Net	$ 6,941,000		$ 6,941,000			$ 0
Poppin, Inc.
Goodwill					$ 71,798,000
Finite-Lived Intangible Assets, Net					$ 52,400,000

Note 2. Recent Accounting Pro_4

Note 2. Recent Accounting Pronouncements and Supplemental Information - Textuals (Details)	6 Months Ended
	Dec. 31, 2020
Accounts Receivable, Customary Payment Terms	30 days
Accounts Receivable, Days Beyond Which Terms Are Considered Extended Payment Terms	30 days

Note 2. Recent Accounting Pro_5

Note 2. Recent Accounting Pronouncements and Supplemental Information - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	$ 105,071	$ 54,391
Intangible Assets Accumulated Amortization	37,030	40,442
Finite-Lived Intangible Assets, Net Value	68,041	13,949
Capitalized Software
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	42,063	43,671
Intangible Assets Accumulated Amortization	33,202	37,566
Finite-Lived Intangible Assets, Net Value	8,861	6,105
Customer Relationships
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	19,050	7,050
Intangible Assets Accumulated Amortization	2,378	1,871
Finite-Lived Intangible Assets, Net Value	16,672	5,179
Trade Names
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	36,570	3,570
Intangible Assets Accumulated Amortization	1,326	952
Finite-Lived Intangible Assets, Net Value	35,244	2,618
Patents and Trademarks
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	288	0
Intangible Assets Accumulated Amortization	2	0
Finite-Lived Intangible Assets, Net Value	286	0
Non-Compete Agreements
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	100	100
Intangible Assets Accumulated Amortization	63	53
Finite-Lived Intangible Assets, Net Value	37	47
Technology-Based Intangible Assets
Finite-Lived Intangible Assets
Finite-Lived Intangible Assets, Cost	7,000	0
Intangible Assets Accumulated Amortization	59	0
Finite-Lived Intangible Assets, Net Value	$ 6,941	$ 0

Note 2. Recent Accounting Pro_6

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, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Gain on Supplemental Employee Retirement Plan Investments	$ 1,381	$ 716	$ 2,139	$ 774
Other	(1)	1	(16)	(56)
Non-operating income (expense), net	$ 1,380	$ 717	$ 2,123	$ 718

Note 3. Acquisition Textuals (D

Note 3. Acquisition Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019	Dec. 09, 2020
Net Sales	$ 136,197	$ 192,164	$ 284,141	$ 393,616
Net Loss	(838)	$ 11,039	4,548	$ 22,423
Selling, General and Administrative Expenses
Business Acquisition, Transaction Costs	3,400		3,400
Poppin, Inc.
Payments to Acquire Businesses, Gross			110,199
Contingent earn-out liability					$ 31,800
Net Sales	2,700		2,700
Net Loss	$ 1,000		$ 1,000
Poppin, Inc. | Maximum
Contingent earn-out liability					$ 70,000

Note 3. Acquisition Schedule of

Note 3. Acquisition Schedule of Purchase Price Allocation for Acquisition (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Dec. 09, 2020	Jun. 30, 2020
Business Acquisition [Line Items]
Goodwill	$ 82,958		$ 11,160
Poppin, Inc.
Business Acquisition [Line Items]
Cash		$ 5,768
Receivables		2,814
Inventories		15,718
Other current assets		700
Net property and equipment		975
Other intangible assets		52,394
Goodwill		71,798
Right-of-use operating lease assets		5,103
Other long-term assets		4,161
Deferred tax assets		4,664
Total Assets		164,095
Current maturities of long-term debt		1,252
Accounts payable		7,715
Customer deposits		2,045
Current portion of operating lease liability		1,937
Accrued expenses		5,260
Long-term debt, less current maturities		1,252
Long-term operating lease liability		2,565
Other long-term liabilities		80
Total Liabilities		22,106
Net Assets		$ 141,989

Note 3. Acquisition Schedule _2

Note 3. Acquisition Schedule of Consideration for Acquisition (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 09, 2020	Jun. 30, 2020
Business Acquisition, Contingent Consideration [Line Items]
Contingent earn-out liability	$ 31,790		$ 0
Poppin, Inc.
Business Acquisition, Contingent Consideration [Line Items]
Payments to Acquire Businesses, Gross	110,199
Contingent earn-out liability	31,800	$ 31,790
Fair value of total consideration		141,989
Cash Acquired from Acquisition	$ 5,768
Total consideration less acquired cash		$ 136,221

Note 3. Acquisition Pro Forma I

Note 3. Acquisition Pro Forma Information (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Business Acquisition, Pro Forma Revenue	$ 143,500	$ 214,727	$ 304,290	$ 436,057
Business Acquisition, Pro Forma Net Income (Loss)	$ (1,640)	$ 7,969	$ 1,342	$ 16,352
Business Acquisition, Pro Forma Earnings Per Share, Diluted	$ (0.04)	$ 0.21	$ 0.04	$ 0.44

Note 4. Restructuring - Restruc

Note 4. Restructuring - Restructuring Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Restructuring Expense and Other Related Items
Restructuring Expense	$ 1,616	$ 1,396	$ 5,856	$ 5,746
Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	361	$ 1,396	1,124	$ 5,746
Restructuring and Related Cost, Expected Cost	11,300		$ 11,300
Percentage of Restructuring Costs Expected in Cash			55.00%
Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring Expense	1,255		$ 4,732
Effect on Future Earnings, Amount			$ 16,000
Percentage of Restructuring Costs Expected in Cash			70.00%
Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	3,600		$ 3,600
Facility Closing | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	3,600		3,600
Lease asset impairment | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	4,100		4,100
Minimum | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	15,000		15,000
Restructuring and Related Cost Expected Cost, Fiscal 2021	10,000		10,000
Minimum | Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	6,300		6,300
Minimum | Facility Closing | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	3,700		3,700
Minimum | Lease asset impairment | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	5,000		5,000
Maximum | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	16,000		16,000
Restructuring and Related Cost Expected Cost, Fiscal 2021	11,000		11,000
Maximum | Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	6,700		6,700
Maximum | Facility Closing | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	4,100		4,100
Maximum | Lease asset impairment | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring and Related Cost, Expected Cost	$ 5,200		$ 5,200

Note 4. Restructuring - Charges

Note 4. Restructuring - Charges related to Transformation Restructuring Plan (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Restructuring Expense and Other Related Items
Restructuring Expense	$ 1,616	$ 1,396	$ 5,856	$ 5,746
Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	361	1,396	1,124	5,746
Restructuring and Related Cost, Cost Incurred to Date	10,550		10,550
Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring Expense	1,255		4,732
Restructuring and Related Cost, Cost Incurred to Date	4,732		4,732
Cash Related Restructuring Expense | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	254	1,308	647	2,983
Restructuring and Related Cost, Cost Incurred to Date	5,509		5,509
Cash Related Restructuring Expense | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring Expense	730		3,747
Restructuring and Related Cost, Cost Incurred to Date	3,747		3,747
Cash Related Restructuring Expense | Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	0	785	62	1,991
Restructuring and Related Cost, Cost Incurred to Date	2,884		2,884
Cash Related Restructuring Expense | Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring Expense	621		3,511
Restructuring and Related Cost, Cost Incurred to Date	3,511		3,511
Cash Related Restructuring Expense | Facility Closing | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	254	523	585	992
Restructuring and Related Cost, Cost Incurred to Date	2,625		2,625
Cash Related Restructuring Expense | Facility Closing | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring Expense	109		236
Restructuring and Related Cost, Cost Incurred to Date	236		236
Non-Cash Related Restructuring Expense | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	107	88	477	2,763
Restructuring and Related Cost, Cost Incurred to Date	5,041		5,041
Non-Cash Related Restructuring Expense | Transition Equity Compensation | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	0	184	0	654
Restructuring and Related Cost, Cost Incurred to Date	725		725
Non-Cash Related Restructuring Expense | Lease asset impairment | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	73	(147)	405	2,058
Restructuring and Related Cost, Cost Incurred to Date	4,095		4,095
Non-Cash Related Restructuring Expense | Lease asset impairment | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Restructuring Expense	525		985
Restructuring and Related Cost, Cost Incurred to Date	985		985
Non-Cash Related Restructuring Expense | Other non-cash charges | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Restructuring Expense	34	$ 51	72	$ 51
Restructuring and Related Cost, Cost Incurred to Date	$ 221		$ 221

Note 4. Restructuring - Current

Note 4. Restructuring - Current Period activity in accrued restructuring related to Transformation Restructuring Reserve (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Jun. 30, 2020
Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Additions charged to expense	$ 62
Cash payments charged against reserve	(284)
Non-cash adjustments	(5)
Restructuring Reserve, Current	5	$ 232
Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Additions charged to expense	3,703
Cash payments charged against reserve	(2,272)
Non-cash adjustments	(192)
Restructuring Reserve, Current	1,239	0
Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Additions charged to expense	62
Cash payments charged against reserve	(224)
Non-cash adjustments	0
Restructuring Reserve, Current	5	167
Severance and Other Employee Related Costs | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Additions charged to expense	3,703
Cash payments charged against reserve	(2,272)
Non-cash adjustments	(192)
Restructuring Reserve, Current	1,239	0
Other Charges | Transformation Restructuring Plan Phase 1
Restructuring Expense and Other Related Items
Additions charged to expense	0
Cash payments charged against reserve	(60)
Non-cash adjustments	(5)
Restructuring Reserve, Current	0	65
Other Charges | Transformation Restructuring Plan Phase 2
Restructuring Expense and Other Related Items
Additions charged to expense	0
Cash payments charged against reserve	0
Non-cash adjustments	0
Restructuring Reserve, Current	$ 0	$ 0

Note 5. Revenue - Disaggregatio

Note 5. Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Net Sales	$ 136,197	$ 192,164	$ 284,141	$ 393,616
Workplace
Net Sales	87,400	114,400	182,700	240,100
Health
Net Sales	27,000	28,200	47,600	57,100
Hospitality
Net Sales	$ 21,800	$ 49,600	$ 53,800	$ 96,400

Note 5. Revenue - Revenue Textu

Note 5. Revenue - Revenue Textuals (Details) $ in Millions	6 Months Ended
	Dec. 31, 2020USD ($)
Contract with Customer, Liability, Revenue Recognized	$ 13.3

Note 6. Leases - Components of

Note 6. Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Operating lease expense	$ 1	$ 0.8	$ 1.8	$ 1.6
Variable lease expense	0.6	0.6	1.3	1.3
Total lease expense	$ 1.6	$ 1.4	$ 3.1	$ 2.9

Note 6. Leases - Supplemental C

Note 6. Leases - Supplemental Cash Flow relating to Leases (Details) - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Leases [Abstract]
Operating lease payments impacting lease liability	$ 2.5	$ 2.4
Non-cash impact of obtaining new right-of-use assets	$ 5.1	$ 0.1
Operating Lease, Weighted Average Remaining Lease Term	4 years 7 months 6 days	6 years
Operating Lease, Weighted Average Discount Rate, Percent	4.50%	4.60%

Note 6. Leases - Summary of fut

Note 6. Leases - Summary of future lease payments (Details) $ in Millions	Dec. 31, 2020USD ($)
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Remainder of Fiscal Year	$ 3.5
Lessee, Operating Lease, Liability, to be Paid, Year One	6.6
Lessee, Operating Lease, Liability, Payments, Due Year Two	5.6
Lessee, Operating Lease, Liability, Payments, Due Year Three	3.4
Lessee, Operating Lease, Liability, Payments, Due Year Four	2.7
Lessee, Operating Lease, Liability, Payments, Due after Year Four	2.6
Lessee, Operating Lease, Liability, Payments, Due	24.4
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	2.3
Operating Lease, Liability	$ 22.1

Note 6. Leases - Leases Textual

Note 6. Leases - Leases Textuals (Details) - USD ($)	3 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020
Finance Lease, Liability			$ 0
Operating Lease, Impairment Loss, Right-of-Use Asset	$ 200,000	$ 2,200,000

Note 7. Earnings Per Share (Det

Note 7. Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Net Income (Loss) Attributable to Parent	$ (838)	$ 11,039	$ 4,548	$ 22,423
Average Shares Outstanding for Basic EPS Calculation	36,962	36,921	36,968	36,929
Dilutive Effect of Average Outstanding Compensation Awards	0	300	497	345
Average Shares Outstanding for Diluted EPS Calculation	36,962	37,221	37,465	37,274
Basic Earnings (Loss) Per Share	$ (0.02)	$ 0.30	$ 0.12	$ 0.61
Diluted Earnings (Loss) Per Share	$ (0.02)	$ 0.30	$ 0.12	$ 0.60

Note 7. Earnings Per Share Text

Note 7. Earnings Per Share Textuals (Details) shares in Thousands	3 Months Ended
	Dec. 31, 2020shares
Restricted Stock Units (RSUs)
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	681
Relative Total Shareholder Return
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	164

Note 8. Income Taxes - Textuals

Note 8. Income Taxes - Textuals (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Effective Income Tax Rate Reconciliation, Percent	(34.10%)	28.40%	31.30%	27.90%
Poppin, Inc. | Domestic Tax Authority
Operating Loss Carryforwards	$ 72,700		$ 72,700
Operating Loss Carryforwards Before Tax Limitation	75,700		75,700
Operating Losses Expiring After Carryforward Period	60,100		60,100
Poppin, Inc. | State and Local Jurisdiction
Operating Loss Carryforwards	66,700		66,700
Operating Loss Carryforwards Before Tax Limitation	$ 91,300		$ 91,300

Note 9. Inventories - Inventory

Note 9. Inventories - Inventory Components (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Finished products	$ 44,164	$ 29,081
Work-in-process	1,145	1,648
Raw materials	31,526	35,295
Total FIFO inventory	76,835	66,024
LIFO reserve	(16,636)	(16,167)
Total inventory	$ 60,199	$ 49,857

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, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	$ 2,168	$ 1,976	$ 2,137	$ 1,937
Other Comprehensive Income (Loss) before Reclassifications	82	211	196	315
Reclassification to (earnings) loss	(81)	(67)	(164)	(132)
Net current-period other comprehensive income (loss)	1	144	32	183
Accumulated Other Comprehensive Income at end of period	2,169	2,120	2,169	2,120
Unrealized Investment Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	14	17	32	23
Other Comprehensive Income (Loss) before Reclassifications	(10)	(9)	(28)	(15)
Reclassification to (earnings) loss	0	0	0	0
Net current-period other comprehensive income (loss)	(10)	(9)	(28)	(15)
Accumulated Other Comprehensive Income at end of period	4	8	4	8
Postemployment Benefits, Net Actuarial Gain (Loss)
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income at beginning of period	2,154	1,959	2,105	1,914
Other Comprehensive Income (Loss) before Reclassifications	92	220	224	330
Reclassification to (earnings) loss	(81)	(67)	(164)	(132)
Net current-period other comprehensive income (loss)	11	153	60	198
Accumulated Other Comprehensive Income at end of period	$ 2,165	$ 2,112	$ 2,165	$ 2,112

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, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Reclassification Adjustment from Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, Tax	$ (28)	$ (23)	$ (57)	$ (46)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	(109)	(90)	(221)	(178)
Total Reclassification for the Period from AOCI	81	67	164	132
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	109	90	221	178
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	(28)	(23)	(57)	(46)
Net Income
Reclassification Adjustment from Accumulated Other Comprehensive Income
Total Reclassification for the Period from AOCI	$ 81	$ 67	$ 164	$ 132

Note 11. Short-Term and Long-_3

Note 11. Short-Term and Long-Term Debt (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Short-term Debt	$ 40,000	$ 0
Total Debt	42,613	136
Revolving Credit Facility
Short-term Debt	$ 40,000	0
Debt Instrument, Interest Rate, Stated Percentage	1.56%
PPP Loan
Other Debt	$ 2,504	0
Debt Instrument, Interest Rate, Stated Percentage	1.00%
Other Debt
Other Debt	$ 109	$ 136
Debt Instrument, Interest Rate, Stated Percentage	9.25%

Note 11. Short-Term and Long-_4

Note 11. Short-Term and Long-Term Debt Textuals (Details)	3 Months Ended		6 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2019USD ($)
Line of Credit Facility, Maximum Borrowing Capacity	$ 125,000,000		$ 125,000,000
Line of Credit Facility, Maximum Borrowing Capacity Upon Request	200,000,000		200,000,000
Line of Credit Facility, Amount Available for Letters of Credit	10,000,000		10,000,000
Line of Credit Facility, Remaining Borrowing Capacity	83,400,000		83,400,000
Interest Paid on Borrowings	2,000	$ 0	29,000	$ 14,000
Adjusted Leverage Ratio, Indebtedness Reduction For Excess Cash	$ 15,000,000		$ 15,000,000
Adjusted Leverage Ratio Covenant	3		3
Interest Coverage Ratio Covenant	3		3
London Interbank Offered Rate (LIBOR) | Primary Revolving Credit Facility
Interest Rate Charged Over Index Rate			1.00%
Federal Funds Rate
Interest Rate Charged Over Index Rate			0.50%
Minimum | Eurocurrency Loans Margin
Line of Credit Facility, Interest Rate Basis Points			125
Minimum | Alternate Base Rate Loans Spread
Line of Credit Facility, Interest Rate Basis Points			25
Maximum
Adjusted Leverage Ratio, Indebtedness Reduction For Excess Cash	$ 35,000,000		$ 35,000,000
Maximum | Eurocurrency Loans Margin
Line of Credit Facility, Interest Rate Basis Points			200
Maximum | Alternate Base Rate Loans Spread
Line of Credit Facility, Interest Rate Basis Points			100
Financial Standby Letter of Credit
Letters of Credit, Amount	$ 1,600,000		$ 1,600,000

Note 12. Commitments and Cont_4

Note 12. Commitments and Contingent Liabilities - Commitments and Contingent Liabilities Textuals (Details) $ in Thousands	Dec. 31, 2020USD ($)
Financial Standby Letter of Credit
Guarantor Obligations
Letters of Credit, Amount	$ 1,600
Standby Letters of Credit
Guarantor Obligations
Loss Contingency Accrual, at Carrying Value	0
Performance Guarantee
Guarantor Obligations
Guarantor Obligations, Maximum Exposure, Undiscounted	$ 8,400

Note 12. Commitments and Cont_5

Note 12. Commitments and Contingent Liabilities - Product Warranty (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Product Warranty Liability at the beginning of the period	$ 3,190	$ 2,238
Additions to warranty accrual (including changes in estimates)	867	285
Settlements made (in cash or in kind)	(1,025)	(422)
Product Warranty Liability at the end of the period	$ 3,032	$ 2,101

Note 13. Fair Value - Textuals

Note 13. Fair Value - Textuals (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2020	Sep. 30, 2019	Dec. 31, 2020	Dec. 09, 2020	Jun. 30, 2020
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Fair Value, Assets, Level 1 to Level 2 Transfers, Amount			$ 0
Fair Value, Transfers Between Levels, Amount			0
Operating Lease, Impairment Loss	$ 200,000	$ 2,200,000
Investment Owned, at Cost			2,000,000
Fair Value, Purchases of Level 3 Assets			0
Fair Value, Sales of Level 3 Assets			0
Contingent earn-out liability			31,790,000		$ 0
Poppin, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability			31,800,000	$ 31,790,000
Contingent earn-out liability				31,800,000
Poppin, Inc. | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability				$ 70,000,000
Fair Value, Measurements, Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability			31,790,000
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			31,790,000
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

Note 13. Fair Value - Recurring

Note 13. Fair Value - Recurring Fair Value Measurements, Unobservable Input Reconciliation (Details) $ in Thousands	Dec. 31, 2020USD ($)	Dec. 09, 2020USD ($)	Jun. 30, 2020USD ($)
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent earn-out liability	$ 31,790		$ 0
Revenue Discount Rate
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.05
Revenue Discount Rate | Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.04
Revenue Discount Rate | Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.06
EBITDA Volatility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.50
EBITDA Volatility | Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.30
EBITDA Volatility | Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.525
Revenue Volatility
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.07
Revenue Volatility | Minimum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.05
Revenue Volatility | Maximum
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Business Combination, Contingent Consideration, Liability, Measurement Input	0.07
Poppin, Inc.
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Contingent earn-out liability	$ 31,800	$ 31,790

Note 13. Fair Value - Recurri_2

Note 13. Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	$ 13,452	$ 11,975
Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Total assets at fair value	50,202	109,804
Contingent earn-out liability	31,790
Total liabilities at fair value	31,790
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Total assets at fair value	47,197	103,010
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	1,505	5,294
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	31,790
Total liabilities at fair value	31,790
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	33,745	91,035
Money Market Funds | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Cash equivalents	33,745	91,035
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
Certificates of Deposit
Recurring Fair Value Measurements:
Available-for-sale Securities	1,505	5,294
Certificates of Deposit | Fair Value, Measurements, Recurring
Recurring Fair Value Measurements:
Available-for-sale Securities	1,505	5,294
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	1,505	5,294
Certificates of Deposit | 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	13,452	11,975
Mutual Fund | Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Recurring Fair Value Measurements:
Trading Securities: Mutual funds in nonqualified SERP	13,452	11,975
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 14. Investments - Schedule

Note 14. Investments - Schedule of Contractual Maturities on Investments (Details) - Certificates of Deposit - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Schedule of Investments [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Fair Value	$ 1,505
Available-for-sale Securities, Debt Maturities, Rolling Year Two	0
Available-for-sale Securities	$ 1,505	$ 5,294

Note 14. Investments - Unrealiz

Note 14. Investments - Unrealized Gain (Loss) on Investments (Details) - Certificates of Deposit - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Debt Securities, Available-for-sale [Line Items]
Available-for-sale Securities, Amortized Cost Basis	$ 1,500	$ 5,250
Available-for-sale Securities, Unrealized holding gains	5	44
Available-for-sale Securities, Unrealized holding losses	0	0
Fair Value, Available-for-sale Securities	$ 1,505	$ 5,294

Note 14. Investments - Suppleme

Note 14. Investments - Supplemental Employee Retirement Investments Textuals (Details) - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of Trading Securities and Other Trading Assets
Trading Securities, Change in net unrealized holding gains (losses)	$ 1,747	$ 418

Note 14. Investments - Supple_2

Note 14. Investments - Supplemental Employee Retirement Plan Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
Schedule of Trading Securities and Other Trading Assets
SERP investments	$ 13,452	$ 11,975
SERP obligation	13,452	11,975
Short-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	3,284	3,622
SERP obligation	3,284	3,622
Other Long-term Investments
Schedule of Trading Securities and Other Trading Assets
SERP investments	10,168	8,353
SERP obligation	$ 10,168	$ 8,353

Note 14. Investments - Investme

Note 14. Investments - Investments - Equity securities without readily determinable fair value Textuals (Details)	3 Months Ended	6 Months Ended
	Dec. 31, 2020USD ($)	Dec. 31, 2020USD ($)
Available-for-sale Securities, Continuous Unrealized Loss Position, Accumulated Loss	$ 0	$ 0
Trading Securities, Realized Gain (Loss)	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 15. Derivative Instrumen_2

Note 15. Derivative Instruments - Textuals (Details) - USD ($) $ in Thousands	Dec. 31, 2020	Jun. 30, 2020
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 16. Postemployment Benef_3

Note 16. Postemployment Benefits (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Components of Net Periodic Benefit Cost (before tax):
Service cost	$ 121	$ 119	$ 243	$ 245
Interest cost	10	18	21	37
Amortization of actuarial income	(109)	(90)	(221)	(178)
Net periodic benefit cost	$ 22	$ 47	$ 43	$ 104

Note 17. Stock Compensation - S

Note 17. Stock Compensation - Stock Compensation Textuals (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2020	Dec. 31, 2019
Share-based Payment Arrangement, Expense	$ 1.3	$ 1.1	$ 2.3	$ 3.2
Share-based Payment Arrangement, Expense, Tax Benefit	$ 0.3	$ 0.3	$ 0.6	$ 0.8
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	190,664		190,664
Share-based Compensation Arrangement by Share-based Payment Award, Payout Percentage	200.00%		200.00%

Note 17. Stock Compensation -_2

Note 17. Stock Compensation - Stock Compensation Awards (Details) - $ / shares	3 Months Ended
	Dec. 31, 2020	Sep. 30, 2020
Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	17,285	82,036
Stock Compensation, Grant Date Fair Value		$ 11.35
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	415,513	165,529
Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Shares Awarded	11,042	12,592
Stock Compensation, Grant Date Fair Value		$ 11.02
Minimum | Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	$ 10.68
Minimum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	11.08	10.94
Minimum | Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	10.65
Maximum | Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	$ 12.63
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	190,664
Maximum | Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	$ 12.25	$ 11.28
Maximum | Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Stock Compensation, Grant Date Fair Value	$ 10.67

Note 18. Variable Interest En_2

Note 18. Variable Interest Entities -Textuals (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	6 Months Ended
	Dec. 31, 2020	Jun. 30, 2020
Variable Interest Entity
Variable Interest Entity, Obligation to Provide Additional Funding, Amount	$ 0
Other Assets
Variable Interest Entity
Equity securities not readily marketable	500	$ 500
Receivables and Other Assets | Independent Dealership Financing | Notes Receivable
Variable Interest Entity
Notes Receivable, Net of Allowance	600	900
Warrant | Other Assets
Variable Interest Entity
Derivative Asset, Fair Value, Gross Asset	$ 1,500	$ 1,500