Kimball International (KBAL) 10-Q 4 Nov 22 2023 Q1 Quarterly report Financial data

Cover page

Cover page - shares	3 Months Ended
	Sep. 30, 2022	Oct. 26, 2022
Entity Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	0-3279
Entity Registrant Name	KIMBALL INTERNATIONAL, INC.
Entity Incorporation, State or Country Code	IN
Entity Tax Identification Number	35-0514506
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
City Area Code	(812)
Local Phone Number	482-1600
Title of 12(b) Security	Class B Common Stock, par value $0.05 per share
Trading Symbol	KBAL
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Central Index Key	0000055772
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Class A Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		167,489
Class B Common Stock
Entity Information [Line Items]
Entity Common Stock, Shares Outstanding		36,406,017

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Current Assets:
Cash and cash equivalents	$ 16,760	$ 10,934
Receivables, net of allowances of $977 and $1,041, respectively	64,726	79,301
Inventories	105,935	97,969
Prepaid expenses and other current assets	24,754	30,937
Total current assets	212,175	219,141
Property and equipment, net of accumulated depreciation of $186,263 and $188,530, respectively	97,069	96,970
Right-of-use operating lease assets	13,172	12,839
Goodwill	47,844	47,844
Other intangible assets, net of accumulated amortization of $49,250 and $54,553, respectively	53,644	54,767
Deferred tax assets	15,528	14,472
Other assets	14,928	15,245
Total Assets	454,360	461,278
Current Liabilities:
Current maturities of long-term debt	0	33
Accounts payable	69,731	70,936
Customer deposits	36,427	29,706
Current portion of operating lease liability	5,718	6,096
Dividends payable	3,710	3,623
Accrued expenses	31,378	41,088
Total current liabilities	146,964	151,482
Long-term debt, less current maturities	65,000	68,046
Long-term operating lease liability	12,228	12,150
Other long-term liabilities	12,797	16,064
Total long-term liabilities	90,025	96,260
Common stock-par value $0.05 per share:
Additional paid-in capital	7,283	6,304
Retained earnings	272,993	269,833
Accumulated other comprehensive income	4,297	3,766
Less: Treasury stock, at cost, 6,299,000 shares and 6,179,000 shares, respectively	(69,353)	(68,518)
Total Shareholders’ Equity	217,371	213,536
Total Liabilities and Shareholders’ Equity	454,360	461,278
Class A Common Stock
Common stock-par value $0.05 per share:
Common Stock	8	8
Class B Common Stock
Common stock-par value $0.05 per share:
Common Stock	$ 2,143	$ 2,143

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) Parentheticals - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Receivables allowance	$ 977	$ 1,041
Accumulated depreciation	186,263	188,530
Accumulated Amortization	$ 49,250	$ 54,553
Treasury stock (in shares)	6,299,000	6,179,000
Class A Common Stock
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05
Common stock, shares authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	167,000	167,000
Class B Common Stock
Common stock, par value (in dollars per share)	$ 0.05	$ 0.05
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	42,856,000	42,856,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net Sales	$ 177,811	$ 156,610
Cost of Sales	118,197	107,513
Gross Profit	59,614	49,097
Selling and Administrative Expenses	53,407	50,159
Contingent Earn-out (Gain) Loss	(3,160)	4,610
Restructuring Expense	370	1,455
Operating Income (Loss)	8,997	(7,127)
Other Income (Expense):
Interest income	77	9
Interest expense	(681)	(257)
Non-operating income (expense), net	(490)	(186)
Other income (expense), net	(1,094)	(434)
Income (Loss) Before Taxes on Income	7,903	(7,561)
Provision (Benefit) for Income Taxes	1,347	(2,512)
Net Income (Loss)	$ 6,556	$ (5,049)
Earnings (Loss) Per Share of Common Stock:
Basic Earnings (Loss) Per Share (in dollars per share)	$ 0.18	$ (0.14)
Diluted Earnings (Loss) Per Share (in dollars per share)	$ 0.18	$ (0.14)
Class A and B Common Stock:
Average Number of Shares Outstanding - Basic (in shares)	36,754	36,821
Average Number of Shares Outstanding - Diluted (in shares)	36,976	36,821

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income (loss)	$ 6,556	$ (5,049)
Postemployment severance actuarial change
Postemployment severance actuarial change, Pre-tax	129	265
Postemployment severance actuarial change, Tax	(33)	(69)
Postemployment severance actuarial change, Net of Tax	96	196
Unrealized gain (loss) on interest rate swap
Unrealized gain (loss) on interest rate swap, Pre-tax	888	(351)
Unrealized gain (loss) on interest rate swap, Tax	(229)	90
Unrealized gain (loss) on interest rate swap, Net of tax	659	(261)
Amortization of actuarial change
Amortization of actuarial change, Pre-tax	(166)	(136)
Amortization of actuarial change, Tax	43	35
Amortization of actuarial change, Net of Tax	(123)	(101)
Interest rate swap, Pre-tax	(136)	58
Interest rate swap, Tax	35	(15)
Interest rate swap, Net of Tax	(101)	43
Other comprehensive income (loss)
Other comprehensive income (loss), Pre-tax	715	(164)
Other comprehensive income (loss), Tax	(184)	41
Other comprehensive income (loss)	531	(123)
Total comprehensive income (loss)	$ 7,087	$ (5,172)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2022	Sep. 30, 2021
Cash Flows From Operating Activities:
Net income (loss)		$ 6,556	$ (5,049)
Adjustments to reconcile net income (loss) to net cash (used for) provided by operating activities:
Depreciation		3,634	3,562
Amortization		2,195	2,439
(Gain) loss on sales of assets		(4)	4
Restructuring and asset impairment charges		314	853
Deferred income tax and other deferred charges		(1,219)	961
Stock-based compensation		1,168	1,122
Change in earn-out liability		(3,160)	4,610
Other, net		(418)	(669)
Change in operating assets and liabilities:
Receivables		14,548	4,834
Inventories		(8,281)	(4,943)
Prepaid expenses and other current assets		6,225	(1,764)
Accounts payable		(667)	7,804
Customer deposits		6,721	2,731
Accrued expenses		(9,520)	(4,590)
Net cash provided by operating activities		18,092	11,905
Cash Flows From Investing Activities:
Capital expenditures		(4,202)	(2,734)
Proceeds from sales of assets		311	122
Purchases of capitalized software		(1,222)	(1,101)
Other, net		167	121
Net cash used for investing activities		(4,946)	(3,592)
Cash Flows From Financing Activities:
Proceeds from revolving credit facility		40,000	10,000
Payments on revolving credit facility		(43,000)	(10,000)
Repayments of long-term debt		(79)	(30)
Dividends paid to shareholders		(3,309)	(3,308)
Repurchases of Common Stock		(1,011)	(1,531)
Repurchase of employee shares for tax withholding		0	(216)
Net cash used for financing activities		(7,399)	(5,085)
Net Decrease in Cash, Cash Equivalents, and Restricted Cash	[1]	5,747	3,228
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at Beginning of Period	[1]	11,996	25,727
Cash, Cash Equivalents, Restricted Cash and Restricted Cash at End of Period	[1]	17,743	28,955
Cash paid (refunded) during the period for:
Income taxes		(974)	98
Interest expense		$ 639	$ 220
[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 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 also cash held in escrow for repayment of the Payment Protection Program loan that Poppin, Inc. obtained prior to its acquisition. In addition, the restricted cash balance for periods June 30, 2022 and prior included amounts pledged as collateral for a long-term financing arrangement as contractually required by a lender and the restriction lapsed when the related debt was paid.

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (unaudited) - Cash Reconciliation - USD ($) $ in Thousands		Sep. 30, 2022	Jun. 30, 2022	Sep. 30, 2021	Jun. 30, 2021
Statement of Cash Flows [Abstract]
Cash and cash equivalents		$ 16,760	$ 10,934	$ 27,864	$ 24,336
Restricted cash included in Other Assets		983	1,062	1,091	1,391
Total Cash, Cash Equivalents, and Restricted Cash at end of period	[1]	$ 17,743	$ 11,996	$ 28,955	$ 25,727
[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 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 also cash held in escrow for repayment of the Payment Protection Program loan that Poppin, Inc. obtained prior to its acquisition. In addition, the restricted cash balance for periods June 30, 2022 and prior included amounts pledged as collateral for a long-term financing arrangement as contractually required by a lender and the restriction lapsed when the related debt was paid.

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Shareowners' Equity (unaudited) Statement - USD ($) $ in Thousands	Total	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Income	Treasury Stock
Balance at the beginning of the period at Jun. 30, 2021	$ 239,670	$ 9	$ 2,142	$ 5,298	$ 299,034	$ 1,980	$ (68,793)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	(5,049)				(5,049)
Other comprehensive income (loss)	(123)					(123)
Issuance of non-restricted stock	(3)			(120)			117
Compensation expense related to stock compensation plans	1,122			1,122
Restricted stock units issuance	(176)			(568)			392
Relative total shareholder return performance units issuance	(32)			(104)			72
Repurchase of Common Stock	(1,523)						(1,523)
Dividends declared	(3,367)				(3,367)
Balance at the end of the period at Sep. 30, 2021	230,519	9	2,142	5,628	290,618	1,857	(69,735)
Balance at the beginning of the period at Jun. 30, 2022	213,536	8	2,143	6,304	269,833	3,766	(68,518)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	6,556				6,556
Other comprehensive income (loss)	531					531
Issuance of non-restricted stock	41			(189)			230
Compensation expense related to stock compensation plans	1,168			1,168
Repurchase of Common Stock	(1,065)						(1,065)
Dividends declared	(3,396)				(3,396)
Balance at the end of the period at Sep. 30, 2022	$ 217,371	$ 8	$ 2,143	$ 7,283	$ 272,993	$ 4,297	$ (69,353)

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Shareowners' Equity (unaudited) Parentheticals - $ / shares	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Issuance of non-restricted stock (in shares)	22,000	9,000
Vesting of restricted stock units (in shares)		30,000
Relative total shareholder return performance units issuance (in shares)		5,000
Repurchase of Common Stock (in shares)	142,000	124,000
Dividends declared (in dollars per share)	$ 0.09	$ 0.09

Basis of Presentation

Basis of Presentation	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Kimball International, Inc. (the “Company,” “Kimball International,” “we,” “us,” or “our”) have been prepared in accordance with the instructions to Form 10-Q. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted, although we believe that the disclosures are adequate to make the information presented not misleading. Intercompany transactions and balances have been eliminated. Management believes the financial statements include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial statements for the interim periods. The results of operations for the interim periods shown in this report are not necessarily indicative of results for any future interim period or for the entire fiscal year. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in our latest annual report on Form 10-K. Prior Period Reclassification:

Recent Accounting Pronouncement

Recent Accounting Pronouncements and Supplemental Information	3 Months Ended
	Sep. 30, 2022
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Recent Accounting Pronouncements and Supplemental Information	Recent Accounting Pronouncements and Supplemental Information Recently Issued Accounting Pronouncements Not Yet Adopted: In October 2021, the Financial Accounting Standards Board issued guidance on accounting for contract assets and contract liabilities, related to revenue contracts with customers, during a business combination by the acquiring business entity. The acquirer is to measure the contract asset and contract liability as of the acquisition date as if the acquirer had originated the contracts. This is a departure from the current practice under U.S. GAAP of recognizing contract assets and contract liabilities at fair value as of the acquisition date. The guidance will be effective in our first quarter of fiscal year 2024, though early adoption is permitted. Management is unable to predict whether the adoption of this guidance will have a material impact on our 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 and reporting unit specific scenarios weighted on probability of outcome. Application of the goodwill impairment test requires judgment, including the identification of reporting units, assignment of assets and liabilities to reporting units, assignment of goodwill to reporting units, and determination of the fair value of each reporting unit. This analysis requires significant judgments, including estimation of future cash flows, which is dependent on internal forecasts, estimation of the long-term rate of growth for our business, and determination of our weighted average cost of capital. The estimates used to calculate the fair value of a reporting unit change from year to year based on operating results, market conditions, and other factors. Changes in these estimates and assumptions could materially affect the determination of fair value and goodwill impairment for each reporting unit. While we have historically performed goodwill impairment testing annually during the second fiscal quarter, changes in circumstances may require interim assessments of the carrying amounts of our reporting units relative to their fair values. As a result of revenue and earnings forecast declines within our Poppin reporting unit, we determined that a triggering event had occurred; therefore, we performed a quantitative assessment of the fair value of goodwill as of September 30, 2022. Based upon our quantitative impairment assessment, we determined the fair value exceeded the carrying amount of our Poppin reporting unit thus no impairment was recorded. However, further changes to the assumptions regarding the future performance, an adverse change to macroeconomic conditions, or a change to other assumptions could result in additional impairment losses in the future, which could be significant. The goodwill within our Poppin reporting unit remains susceptible to future impairment charges due to narrow differences between fair value and carrying value resulting from the $34.1 million goodwill impairment charge recorded in fiscal year 2022 which was primarily driven by reductions in our long-term net sales and profitability projections. Our remaining goodwill within the Poppin reporting unit totals $36.7 million. Other Intangible Assets reported on the Condensed Consolidated Balance Sheets consist of capitalized software, customer relationships, trade names, acquired technology, patents and 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: September 30, 2022 June 30, 2022 (Amounts in Thousands) Cost Accumulated Net Value Cost Accumulated Net Value Capitalized Software $ 46,870 $ 35,664 $ 11,206 $ 46,246 $ 35,521 $ 10,725 Customer Relationships 12,000 3,894 8,106 19,050 10,518 8,532 Trade Names 36,570 7,725 28,845 36,570 6,811 29,759 Acquired Technology 7,000 1,814 5,186 7,000 1,563 5,437 Patents and Trademarks 354 55 299 354 47 307 Non-Compete Agreements 100 98 2 100 93 7 Other Intangible Assets $ 102,894 $ 49,250 $ 53,644 $ 109,320 $ 54,553 $ 54,767 A summary of the useful lives of intangible assets subject to amortization is as follows: Years Capitalized Software 3 to 13 Customer Relationships 10 Trade Names 10 Acquired Technology 7 Patents 14 Trademarks 15 Non-Compete Agreements 5 Amortization expense incurred and future expected expenses related to intangible assets were: Three months ended September 30 Remainder Future Fiscal Years (Amounts in Thousands) 2022 2021 2023 2024 2025 2026 2027 Thereafter Amortization Expense $ 2,195 $ 2,439 $ 7,224 $ 9,240 $ 9,021 $ 8,638 $ 6,298 $ 13,223 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. 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. Non-operating Income (Expense), net: Non-operating income and expense include the impact of such items as fair value adjustments on Supplemental Employee Retirement Plan (“SERP”) investments, amortization of actuarial income, foreign currency rate movements, bank charges, and other miscellaneous non-operating income and expense items that are not directly related to operations. The gain or loss on SERP investments is offset by a change in the SERP liability that is recognized in selling and administrative expenses. Components of the Non-operating income (expense), net line, were: Three Months Ended September 30 (Amounts in Thousands) 2022 2021 Loss on SERP Investments $ (459) $ (93) Other (31) (93) Non-operating income (expense), net $ (490) $ (186)

Restructuring

Restructuring	3 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring We recognized pre-tax restructuring expense of $0.4 million in the three months ended September 30, 2022, and recognized $1.5 million for the three months ended September 30, 2021. 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 Operations. Transformation Restructuring Plan: Current actions under our transformation restructuring plan are focused on activities such as the streamlining of manufacturing facilities, the consolidation of showrooms, and the closure of our manufacturing facility in Tijuana, Mexico which was completed during the first quarter of fiscal year 2023. This phase of the transformation restructuring plan began in the first quarter of our fiscal year 2021, and we expect a substantial majority of the restructuring actions to be completed by the end of fiscal year 2023. In addition to the savings already generated from the first phase of the transformation restructuring plan, the efforts of this second phase of the transformation restructuring plan are expected to generate annualized pre-tax savings of approximately $19.0 million when it is fully implemented. We currently estimate this phase of the transformation restructuring plan will incur total pre-tax restructuring charges of approximately $21.5 million to $22.0 million, with approximately $2.5 million expected to be recorded in remainder of fiscal year 2023. The restructuring charges are expected to consist of approximately $7.0 million for severance and other employee-related costs, $6.3 million to $6.5 million for facility costs, and $8.2 million to $8.5 million for lease and other asset impairment. Approximately 55% of the total cost estimate is expected to be cash expense. A summary of the charges recorded in connection with the second phase of the transformation restructuring plan is as follows: Three Months Ended Charges Incurred to Date September 30 (Amounts in Thousands) 2022 2021 Cash-related restructuring charges: Severance and other employee related costs $ 190 $ 146 $ 7,025 Facility exit costs and other cash charges 933 456 4,881 Total cash-related restructuring charges $ 1,123 $ 602 $ 11,906 Non-cash charges: (Gain) on sale, impairment of assets and accelerated depreciation (753) 853 7,778 Total charges $ 370 $ 1,455 $ 19,684 A summary of the current period activity in accrued restructuring related to the second phase of the transformation restructuring plan is as follows: (Amounts in Thousands) Severance and other employee related costs Balance at June 30, 2022 $ 974 Additions charged to expense 210 Cash payments charged against reserve (1,133) Non-cash adjustments (47) Balance at September 30, 2022 $ 4

Revenue

Revenue	3 Months Ended
	Sep. 30, 2022
Revenue Recognition [Abstract]
Revenue	Revenue Disaggregation of Revenue The following table provides information about revenue by operating segment: Three Months Ended September 30 (Amounts in Millions) 2022 2021 Workplace & Health $ 142.8 $ 116.3 Hospitality 19.7 25.0 eBusiness 15.3 15.3 Total Net Sales $ 177.8 $ 156.6 For the three months ended September 30, 2021, the Workplace and Health categories have been combined based on our reassessment of disaggregation of revenue based on our current method of evaluating our business. 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

Leases

Leases	3 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Leases	Leases Our operating lease portfolio is primarily comprised of showrooms, which expire at various dates through fiscal year 2030. We have no financing leases. Certain operating lease agreements include rental payments adjusted periodically for inflationary indices. 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 Operations 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 September 30 (Amounts in Millions) 2022 2021 Operating lease expense $ 1.3 $ 1.2 Variable lease expense 1.7 1.4 Total lease expense $ 3.0 $ 2.6 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 12 - Fair Value of Notes to Condensed Consolidated Financial Statements. During the first three months of fiscal year 2023 we had no lease impairment, however for the first three months of fiscal year 2022 we recorded $0.7 million of right-of-use asset and associated leasehold improvement impairments. The impairment charge is included in the Restructuring Expense line item on our Condensed Consolidated Statements of Operations. See Note 3 - Restructuring of Notes to Condensed Consolidated Financial Statements for more information on the impairment. Supplemental cash flow and other information related to leases are as follows: Three Months Ended September 30 (Amounts in Millions) 2022 2021 Cash flow information: Operating lease payments impacting lease liability $ 1.6 $ 1.7 Non-cash impact of obtaining new right-of-use assets $ 1.5 $ — As of September 30 2022 2021 Other information: Weighted-average remaining term (in years) 4.6 4.1 Weighted-average discount rate 4.5 % 4.6 % The following table summarizes the future minimum lease payments as of September 30, 2022: Fiscal Year Ended (Amounts in Millions) June 30 (1) 2023 $ 4.6 2024 4.4 2025 3.8 2026 2.8 2027 2.1 Thereafter 2.1 Total lease payments $ 19.8 Less interest 1.9 Present value of lease liabilities $ 17.9 (1) Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced. At September 30, 2022, we have additional operating leases that have not yet commenced for which we will record both right-of-use assets and lease liabilities of $9.9 million. Two of the leases are expected to commence in our second quarter of fiscal year 2023 with lease terms of approximately 3 years at a total of $0.3 million. A third lease is expected to commence in our third quarter of fiscal year 2023 with a lease term of approximately 10 years at $5.7 million, while a fourth lease is expected to commence in our fourth quarter of fiscal year 2023 with a lease term of approximately 12 years at $3.9 million.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share are based on the weighted average number of shares outstanding during the period. Diluted earnings per share are based on the weighted average number of shares outstanding plus the assumed issuance of common shares for all potentially dilutive securities. Three Months Ended September 30 (Amounts in Thousands, Except for Per Share Data) 2022 2021 Net Income (Loss) $ 6,556 $ (5,049) Average Shares Outstanding for Basic EPS Calculation 36,754 36,821 Dilutive Effect of Average Outstanding Compensation Awards 222 — Average Shares Outstanding for Diluted EPS Calculation 36,976 36,821 Basic Earnings (Loss) Per Share $ 0.18 $ (0.14) Diluted Earnings (Loss) Per Share $ 0.18 $ (0.14) Stock compensation awards were antidilutive as a result of the net loss for the quarter ended September 30, 2021, thus 790,000 average restricted stock units and 174,000 average relative total shareholder return awards were excluded from the dilutive calculation.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesIn 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 three months ended September 30, 2022 was 17.0%, which was lower than the combined federal and state statutory tax rate primarily due to a sale of Mexican subsidiary stock and an earn-out valuation adjustment. Our effective tax rate for the three months ended September 30, 2021 was 33.2%, which was higher than the combined federal and state statutory tax rate primarily due to an earn-out valuation adjustment.

Inventories

Inventories	3 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Inventories	Inventories Inventory components were as follows: (Amounts in Thousands) September 30, June 30, Finished products $ 73,561 $ 66,890 Work-in-process 1,716 1,974 Raw materials 54,872 52,878 Total FIFO inventory 130,149 121,742 LIFO reserve (24,214) (23,773) Total inventory $ 105,935 $ 97,969

Accumulated Other Comprehensive

Accumulated Other Comprehensive Income	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Accumulated Other Comprehensive Income	Accumulated Other Comprehensive Income During the three months ended September 30, 2022 and 2021, 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) Postemployment Benefits Net Actuarial Gain (Loss) Interest Rate Swap Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2022 $ 2,291 $ 1,475 $ 3,766 Other comprehensive income (loss) before reclassifications 96 659 755 Reclassification to (earnings) loss (123) (101) (224) Net current-period other comprehensive income (loss) (27) 558 531 Balance at September 30, 2022 $ 2,264 $ 2,033 $ 4,297 Balance at June 30, 2021 $ 1,980 $ — $ 1,980 Other comprehensive income (loss) before reclassifications 196 (261) (65) Reclassification to (earnings) loss (101) 43 (58) Net current-period other comprehensive income (loss) 95 (218) (123) Balance at September 30, 2021 $ 2,075 $ (218) $ 1,857 The following reclassifications were made from Accumulated Other Comprehensive Income to the Condensed Consolidated Statements of Operations: Reclassifications from Accumulated Other Comprehensive Income Three Months Ended Affected Line Item in the Condensed Consolidated Statements of Operations September 30 (Amounts in Thousands) 2022 2021 Postemployment Benefits Amortization of Actuarial Gain $ 166 $ 136 Non-operating income (expense), net (43) (35) Benefit (Provision) for Income Taxes $ 123 $ 101 Net Income (Loss) Interest Rate Swap Gain (Loss) $ 136 $ (58) Interest expense (35) 15 Benefit (Provision) for Income Taxes $ 101 $ (43) Net Income (Loss) Total Reclassifications for the Period $ 224 $ 58 Net Income (Loss) Amounts in parentheses indicate reductions to income.

Long-Term Debt and Revolving Cr

Long-Term Debt and Revolving Credit Facility	3 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Long-Term Debt and Revolving Credit Facility	Long-Term Debt and Revolving Credit Facility Short-term borrowings and long-term debt consisted of the following obligations: (Amounts in Thousands) September 30, June 30, Long-term debt under revolving credit facility due October 2024; 4.32% variable interest rate at September 30, 2022 $ 65,000 $ 68,000 Other debt matured August 2022; 9.25% fixed interest rate — 79 Total Debt $ 65,000 $ 68,079 The $65.0 million of long-term debt matures in fiscal year 2025. As of September 30, 2022 we had a $125.0 million revolving 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 $200.0 million, subject to participating banks’ consent. The revolving 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 revolving credit facility, not to exceed $10.0 million of the principal amount, was available for the issuance of letters of credit. At September 30, 2022, we had $1.8 million in letters of credit outstanding, which reduced our borrowing capacity on the revolving credit facility. Total availability to borrow under the revolving credit facility was $58.2 million at September 30, 2022. The commitment fee on the unused portion of principal amount of the revolving credit facility is payable at a rate that ranges from 20 to 30 basis points per annum as determined by our ratio of consolidated total indebtedness to adjusted consolidated EBITDA. We were in compliance with all debt covenants of the revolving credit facility during the three-month period ended September 30, 2022. During the first quarter of fiscal year 2022, we entered into a Second Amendment to Credit Agreement which amended our credit agreement by adding content to facilitate a transition to a base interest rate index other than the London Interbank Offered Rate and to define the provisions by which an overpayment or erroneous payment may be requested and returned to us. We have an interest rate swap agreement with a bank with a notional value of $40.0 million. The interest rate swap became effective in July 2021 and is accounted for using hedge accounting.

Commitments and Contingent Liab

Commitments and Contingent Liabilities	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingent Liabilities	Commitments and Contingent Liabilities Guarantees: Standby letters of credit were issued to lessors and insurance institutions and can only be drawn upon in the event of our failure to pay our obligations to a beneficiary. As of September 30, 2022, we had a maximum financial exposure from unused standby letters of credit totaling $1.8 million. We are not aware of circumstances that would require us to perform under these arrangements and believe that the resolution of any claims that might arise in the future, either individually or in the aggregate, would not materially affect our Condensed Consolidated Financial Statements. Accordingly, no liability has been recorded as of September 30, 2022 with respect to the standby letters of credit. We also enter into commercial letters of credit to facilitate payments to vendors and from customers. Product Warranties: We provide an assurance-type warranty that guarantees our product complies with agreed-upon specifications. This warranty is not sold separately and does not convey any additional services to the customer. We estimate product warranty liability at the time of sale based on historical repair or replacement cost trends in conjunction with the length of the warranty offered. Management refines the warranty liability periodically based on changes in historical cost trends and in certain cases where specific warranty issues become known. The product warranty liability is included on the Accrued Expenses and Other lines of our Condensed Consolidated Balance Sheets. Changes in the product warranty accrual for the three months ended September 30, 2022 and 2021 were as follows: Three Months Ended September 30 (Amounts in Thousands) 2022 2021 Product Warranty Liability at the beginning of the period $ 2,530 $ 2,861 Additions to warranty accrual (including changes in estimates) 1,196 18 Settlements made (in cash or in kind) (1,055) (376) Product Warranty Liability at the end of the period $ 2,671 $ 2,503

Fair Value

Fair Value	3 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value	Fair Value We categorize assets and liabilities measured at fair value into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. Our policy is to recognize transfers between these levels as of the end of each quarterly reporting period. There were no transfers between these levels during the three months ended September 30, 2022 and 2021. 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, 2022. In connection with the acquisition of Poppin, we entered into an earn-out arrangement with contingent payments up to $45.0 million based on revenue and profitability milestones achieved through June 30, 2024. We do not currently expect to have any earn-out payments under this arrangement, therefore our contingent earn-out liability as of September 30, 2022 was zero. As of June 30, 2022 the fair value of the contingent earn-out liability was $3.2 million. The liability is carried at fair value and is classified in Level 3 of the fair value hierarchy and is included in Other long-term liabilities line on our Condensed Consolidated Balance Sheet. During the three months ended September 30, 2022 and 2021, the recurring revaluation to fair value resulted in a gain of $3.2 million and a loss of $4.6 million, respectively. 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 Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - 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. Derivative Asset: Interest Rate Swap 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability. Recurring Fair Value Measurements: As of September 30, 2022 and June 30, 2022, 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: September 30, 2022 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 11,919 $ — $ — $ 11,919 Derivatives: Interest rate swap contract — 2,738 — 2,738 Trading Securities: Mutual funds in nonqualified SERP 10,072 — — 10,072 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 21,991 $ 2,738 $ 1,500 $ 26,229 June 30, 2022 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 5,508 $ — $ — $ 5,508 Derivatives: Interest rate swap contract — 1,986 — 1,986 Trading Securities: Mutual funds in nonqualified SERP 10,517 — — 10,517 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 16,025 $ 1,986 $ 1,500 $ 19,511 Liabilities Contingent earn-out liability — — 3,160 3,160 Total liabilities at fair value $ — $ — $ 3,160 $ 3,160 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. Impairment of Goodwill 3 Income - Based on a valuation model that determines fair value based on estimated discounted future cash flows of each reporting unit, requiring the use of significant estimates and assumptions, including revenue growth rates and EBITDA margins, future market conditions and discount rates that capture the risk associated with future cash flows. During the first quart er of fiscal year 2022, we recorded $0.7 million of right-of-use asset and associated leasehold improvement impairment resulting from closure from our leased Pennsylvania and Maryland facilities as part of our transformation restructuring plan. The impairment loss is included as a component of the Restructuring Expense line item on our Condensed Consolidated Statements of Operations. 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. The carrying value of our cash deposit accounts, trade accounts receivable, trade accounts payable, customer deposits, and dividends payable approximates fair value due to their relatively short maturity and immaterial non-performance risk. Based upon variable interest rates currently available to the Company, the fair value of our debt approximates the carrying value.

Investments

Investments	3 Months Ended
	Sep. 30, 2022
Investments [Abstract]
Investments	Investments Supplemental Employee Retirement Plan Investments: We maintain a self-directed supplemental employee retirement plan (“SERP”) in which executive employees are eligible to participate. The SERP utilizes a rabbi trust, and therefore assets in the SERP portfolio are subject to creditor claims in the event of bankruptcy. We recognize SERP investment assets on the Condensed Consolidated Balance Sheets at current fair value. A SERP liability of the same amount is recorded on the Condensed Consolidated Balance Sheets representing an obligation to distribute SERP funds to participants. The SERP investment assets are classified as trading, and accordingly, realized and unrealized gains and losses are recognized in the Other Income (Expense) section of the Condensed Consolidated Statements of Operations. Adjustments made to revalue the SERP liability are also recognized in income or expense as selling and administrative expenses and offset valuation adjustments on SERP investment assets. Net unrealized holding gains (losses) for the three months ended September 30, 2022 and 2021 were, in millions, $(0.5) and $(0.2), respectively. SERP asset and liability balances were as follows: (Amounts in Thousands) September 30, June 30, SERP investments - current asset $ 3,200 $ 3,284 SERP investments - other long-term asset 6,872 7,233 Total SERP investments $ 10,072 $ 10,517 SERP obligation - current liability $ 3,200 $ 3,284 SERP obligation - other long-term liability 6,872 7,233 Total SERP obligation $ 10,072 $ 10,517 Equity securities without readily determinable fair value: We hold a total investment of $2.0 million in a privately-held company, including $0.5 million in equity securities without readily determinable fair value. The investment in equity securities without readily determinable fair value is included in the Other Assets line of the Condensed Consolidated Balance Sheets. See Note 12 - Fair Value 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.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments Interest Rate Swap: We are subject to interest rate risk related to the revolving credit facility and we enter into interest rate swap agreements that are based on LIBOR to manage this exposure. The interest rate swap agreements are designated as cash flow hedges that qualify for hedge accounting under the hypothetical derivative method. Fair value adjustments are recorded as a component of Accumulated Other Comprehensive Income (“AOCI”), net of tax in the Condensed Consolidated Balance Sheets. Balances in AOCI are reclassified into earnings when transactions related to the underlying risk are settled. As of September 30, 2022 we held an interest rate swap with a notional value totaling $40.0 million and a weighted average LIBOR fixed rate of 0.834%. At September 30, 2022, our interest rate swap was recorded at fair value in current assets and non-current assets at $1.3 million and $1.4 million, respectively. At June 30, 2022, our interest rate swap was recorded in current assets and non-current assets at $0.9 million and $1.1 million, respectively. The pre-tax balance of interest rate swap gains in AOCI as of September 30, 2022 was $2.7 million. See Note 9 - Accumulated Other Comprehensive Income of Notes to Condensed Consolidated Financial Statements for information regarding activity recorded as a component of AOCI during the three months ended September 30, 2022. As of September 30, 2022, we have $1.3 million of interest rate swap gains recorded in AOCI which are expected to be reclassified into earnings within the next twelve months. Stock Warrants: We hold a total investment of $2.0 million in a privately-held company, including $1.5 million in stock warrants. The investment in stock warrants is accounted for as a derivative instrument and is included in the Other Assets line of the Condensed Consolidated Balance Sheets. The stock warrants are convertible into equity shares of the privately-held company upon achieving certain milestones. The value of the stock warrants will fluctuate primarily in relation to the value of the privately-held company's underlying securities, either providing an appreciation in value or potentially expiring with no value. During the quarter ended September 30, 2022, the change in fair value of the stock warrants was not significant. See Note 12 - Fair Value

Stock Compensation

Stock Compensation	3 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [Abstract]
Stock Compensation	Stock Compensation Stock-based compensation expense during the quarters ended September 30, 2022 and September 30, 2021 was $1.2 million and $1.1 million, respectively. The total income tax benefit for stock compensation arrangements was $0.3 million for both quarters ended September 30, 2022 and September 30, 2021. During fiscal year 2023, 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, 2022. Type of Award Quarter Awarded Targeted Shares or Units Grant Date Fair Value (4) Performance Units (1) 1st Quarter 152,034 $7.33 Restricted Stock Units (2) 1st Quarter 379,087 $7.83 Unrestricted Shares (3) 1st Quarter 21,318 $7.77 (1) Performance units were awarded to key officers. Vesting occurs at June 30, 2025. Participants will earn from 0% to 200% of the target award depending upon the compound annual growth rate of Kimball International’s adjusted earnings per share at the end of the performance period. The maximum number of units that can be issued under these awards is 304,068. (2) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2025. 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 performance units was based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding performance units. The grant date fair value of the restricted stock units and unrestricted shares was based on the stock price at the date of the award.

Basis of Presentation (Policies

Basis of Presentation (Policies)	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prior Period Reclassification	Prior Period Reclassification:We combined the Long-term earn-out liability line with the Other long-term liabilities line on our June 30, 2022 balance sheet as the balance no longer requires separate presentation.

Recent Accounting Pronounceme_2

Recent Accounting Pronouncements and Supplemental Information (Policies)	3 Months Ended
	Sep. 30, 2022
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements of Kimball International, Inc. (the “Company,” “Kimball International,” “we,” “us,” or “our”) have been prepared in accordance with the instructions to Form 10-Q. As such, certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted, although we believe that the disclosures are adequate to make the information presented not misleading. Intercompany transactions and balances have been eliminated. Management believes the financial statements include all adjustments (consisting only of normal recurring adjustments) considered necessary to present fairly the financial statements for the interim periods. The results of operations for the interim periods shown in this report are not necessarily indicative of results for any future interim period or for the entire fiscal year. It is suggested that these financial statements be read in conjunction with the financial statements and the notes thereto included in our latest annual report on Form 10-K. Prior Period Reclassification:
Recently Issued Accounting Pronouncements Not Yet Adopted	Recently Issued Accounting Pronouncements Not Yet Adopted:In October 2021, the Financial Accounting Standards Board issued guidance on accounting for contract assets and contract liabilities, related to revenue contracts with customers, during a business combination by the acquiring business entity. The acquirer is to measure the contract asset and contract liability as of the acquisition date as if the acquirer had originated the contracts. This is a departure from the current practice under U.S. GAAP of recognizing contract assets and contract liabilities at fair value as of the acquisition date. The guidance will be effective in our first quarter of fiscal year 2024, though early adoption is permitted. Management is unable to predict whether the adoption of this guidance will have a material impact on our financial statements.
Goodwill and Other Intangible Assets	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 and reporting unit specific scenarios weighted on probability of outcome.
Impairment Or Disposal Of Intangible Assets	Other Intangible Assets reported on the Condensed Consolidated Balance Sheets consist of capitalized software, customer relationships, trade names, acquired technology, patents and 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.
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. Customer relationships are amortized based on estimated attrition rates of customers.
Non-operating Income and Expense, net	Non-operating Income (Expense), net: Non-operating income and expense include the impact of such items as fair value adjustments on Supplemental Employee Retirement Plan (“SERP”) investments, amortization of actuarial income, foreign currency rate movements, 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.
Impairment or Disposal of Long-lived Assets	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 Operations.
Recognition of Asset and Liability for Lease	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 Operations in the same line item as expense arising from fixed lease payments for operating leases.
Separation of Lease and Non-lease Components	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	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.
Income Tax	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.
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.
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. The product warranty liability is included on the Accrued Expenses and Other lines of our Condensed Consolidated Balance Sheets.
Fair Value	We categorize assets and liabilities measured at fair value into three levels based upon the assumptions (inputs) used to price the assets or liabilities. Level 1 provides the most reliable measure of fair value, whereas Level 3 generally requires significant management judgment. The three levels are defined as follows: • Level 1: Unadjusted quoted prices in active markets for identical assets and liabilities. • Level 2: Observable inputs other than those included in Level 1. For example, quoted prices for similar assets or liabilities in active markets or quoted prices for identical assets or liabilities in inactive markets. • Level 3: Unobservable inputs reflecting management’s own assumptions about the inputs used in pricing the asset or liability. Our policy is to recognize transfers between these levels as of the end of each quarterly reporting period. There were no transfers between these levels during the three months ended September 30, 2022 and 2021. 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, 2022. 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 Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - 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. Derivative Asset: Interest Rate Swap 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability.
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 Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - 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. Derivative Asset: Interest Rate Swap 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability.
Fair Value Measurement, Non-Recurring	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. Impairment of Goodwill 3 Income - Based on a valuation model that determines fair value based on estimated discounted future cash flows of each reporting unit, requiring the use of significant estimates and assumptions, including revenue growth rates and EBITDA margins, future market conditions and discount rates that capture the risk associated with 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.

Recent Accounting Pronounceme_3

Recent Accounting Pronouncements and Supplemental Information (Tables)	3 Months Ended
	Sep. 30, 2022
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Schedule of Finite-Lived Intangible Assets	A summary of intangible assets subject to amortization is as follows: September 30, 2022 June 30, 2022 (Amounts in Thousands) Cost Accumulated Net Value Cost Accumulated Net Value Capitalized Software $ 46,870 $ 35,664 $ 11,206 $ 46,246 $ 35,521 $ 10,725 Customer Relationships 12,000 3,894 8,106 19,050 10,518 8,532 Trade Names 36,570 7,725 28,845 36,570 6,811 29,759 Acquired Technology 7,000 1,814 5,186 7,000 1,563 5,437 Patents and Trademarks 354 55 299 354 47 307 Non-Compete Agreements 100 98 2 100 93 7 Other Intangible Assets $ 102,894 $ 49,250 $ 53,644 $ 109,320 $ 54,553 $ 54,767 A summary of the useful lives of intangible assets subject to amortization is as follows: Years Capitalized Software 3 to 13 Customer Relationships 10 Trade Names 10 Acquired Technology 7 Patents 14 Trademarks 15 Non-Compete Agreements 5
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense	Amortization expense incurred and future expected expenses related to intangible assets were: Three months ended September 30 Remainder Future Fiscal Years (Amounts in Thousands) 2022 2021 2023 2024 2025 2026 2027 Thereafter Amortization Expense $ 2,195 $ 2,439 $ 7,224 $ 9,240 $ 9,021 $ 8,638 $ 6,298 $ 13,223
Components of Non-operating Income (Expense), Net	Components of the Non-operating income (expense), net line, were: Three Months Ended September 30 (Amounts in Thousands) 2022 2021 Loss on SERP Investments $ (459) $ (93) Other (31) (93) Non-operating income (expense), net $ (490) $ (186)

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring and Related Costs	A summary of the charges recorded in connection with the second phase of the transformation restructuring plan is as follows: Three Months Ended Charges Incurred to Date September 30 (Amounts in Thousands) 2022 2021 Cash-related restructuring charges: Severance and other employee related costs $ 190 $ 146 $ 7,025 Facility exit costs and other cash charges 933 456 4,881 Total cash-related restructuring charges $ 1,123 $ 602 $ 11,906 Non-cash charges: (Gain) on sale, impairment of assets and accelerated depreciation (753) 853 7,778 Total charges $ 370 $ 1,455 $ 19,684
Accrued Restructuring Charges Activity	A summary of the current period activity in accrued restructuring related to the second phase of the transformation restructuring plan is as follows: (Amounts in Thousands) Severance and other employee related costs Balance at June 30, 2022 $ 974 Additions charged to expense 210 Cash payments charged against reserve (1,133) Non-cash adjustments (47) Balance at September 30, 2022 $ 4

Revenue (Tables)

Revenue (Tables)	3 Months Ended
	Sep. 30, 2022
Revenue Recognition [Abstract]
Disaggregation of Revenue	The following table provides information about revenue by operating segment: Three Months Ended September 30 (Amounts in Millions) 2022 2021 Workplace & Health $ 142.8 $ 116.3 Hospitality 19.7 25.0 eBusiness 15.3 15.3 Total Net Sales $ 177.8 $ 156.6

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2022
Leases [Abstract]
Components of Lease Expense	The components of our lease expenses are as follows: Three Months Ended September 30 (Amounts in Millions) 2022 2021 Operating lease expense $ 1.3 $ 1.2 Variable lease expense 1.7 1.4 Total lease expense $ 3.0 $ 2.6
Supplemental Cash Flow and Other Information Related to Leases	Supplemental cash flow and other information related to leases are as follows: Three Months Ended September 30 (Amounts in Millions) 2022 2021 Cash flow information: Operating lease payments impacting lease liability $ 1.6 $ 1.7 Non-cash impact of obtaining new right-of-use assets $ 1.5 $ — As of September 30 2022 2021 Other information: Weighted-average remaining term (in years) 4.6 4.1 Weighted-average discount rate 4.5 % 4.6 %
Future Minimum Lease Payments	The following table summarizes the future minimum lease payments as of September 30, 2022: Fiscal Year Ended (Amounts in Millions) June 30 (1) 2023 $ 4.6 2024 4.4 2025 3.8 2026 2.8 2027 2.1 Thereafter 2.1 Total lease payments $ 19.8 Less interest 1.9 Present value of lease liabilities $ 17.9 (1) Lease payments include options to extend lease terms that are reasonably certain of being exercised. The payments exclude legally binding minimum lease payments for leases signed but not yet commenced. At September 30, 2022, we have additional operating leases that have not yet commenced for which we will record both right-of-use assets and lease liabilities of $9.9 million. Two of the leases are expected to commence in our second quarter of fiscal year 2023 with lease terms of approximately 3 years at a total of $0.3 million. A third lease is expected to commence in our third quarter of fiscal year 2023 with a lease term of approximately 10 years at $5.7 million, while a fourth lease is expected to commence in our fourth quarter of fiscal year 2023 with a lease term of approximately 12 years at $3.9 million.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted	Three Months Ended September 30 (Amounts in Thousands, Except for Per Share Data) 2022 2021 Net Income (Loss) $ 6,556 $ (5,049) Average Shares Outstanding for Basic EPS Calculation 36,754 36,821 Dilutive Effect of Average Outstanding Compensation Awards 222 — Average Shares Outstanding for Diluted EPS Calculation 36,976 36,821 Basic Earnings (Loss) Per Share $ 0.18 $ (0.14) Diluted Earnings (Loss) Per Share $ 0.18 $ (0.14)

Inventories (Tables)

Inventories (Tables)	3 Months Ended
	Sep. 30, 2022
Inventory Disclosure [Abstract]
Schedule of Inventory, Current	Inventory components were as follows: (Amounts in Thousands) September 30, June 30, Finished products $ 73,561 $ 66,890 Work-in-process 1,716 1,974 Raw materials 54,872 52,878 Total FIFO inventory 130,149 121,742 LIFO reserve (24,214) (23,773) Total inventory $ 105,935 $ 97,969

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Income (Tables)	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income	During the three months ended September 30, 2022 and 2021, 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) Postemployment Benefits Net Actuarial Gain (Loss) Interest Rate Swap Gain (Loss) Accumulated Other Comprehensive Income Balance at June 30, 2022 $ 2,291 $ 1,475 $ 3,766 Other comprehensive income (loss) before reclassifications 96 659 755 Reclassification to (earnings) loss (123) (101) (224) Net current-period other comprehensive income (loss) (27) 558 531 Balance at September 30, 2022 $ 2,264 $ 2,033 $ 4,297 Balance at June 30, 2021 $ 1,980 $ — $ 1,980 Other comprehensive income (loss) before reclassifications 196 (261) (65) Reclassification to (earnings) loss (101) 43 (58) Net current-period other comprehensive income (loss) 95 (218) (123) Balance at September 30, 2021 $ 2,075 $ (218) $ 1,857
Reclassifications from Accumulated Other Comprehensive Income	The following reclassifications were made from Accumulated Other Comprehensive Income to the Condensed Consolidated Statements of Operations: Reclassifications from Accumulated Other Comprehensive Income Three Months Ended Affected Line Item in the Condensed Consolidated Statements of Operations September 30 (Amounts in Thousands) 2022 2021 Postemployment Benefits Amortization of Actuarial Gain $ 166 $ 136 Non-operating income (expense), net (43) (35) Benefit (Provision) for Income Taxes $ 123 $ 101 Net Income (Loss) Interest Rate Swap Gain (Loss) $ 136 $ (58) Interest expense (35) 15 Benefit (Provision) for Income Taxes $ 101 $ (43) Net Income (Loss) Total Reclassifications for the Period $ 224 $ 58 Net Income (Loss) Amounts in parentheses indicate reductions to income.

Long-Term Debt and Revolving _2

Long-Term Debt and Revolving Credit Facility (Tables)	3 Months Ended
	Sep. 30, 2022
Debt Disclosure [Abstract]
Schedule of Debt	Short-term borrowings and long-term debt consisted of the following obligations: (Amounts in Thousands) September 30, June 30, Long-term debt under revolving credit facility due October 2024; 4.32% variable interest rate at September 30, 2022 $ 65,000 $ 68,000 Other debt matured August 2022; 9.25% fixed interest rate — 79 Total Debt $ 65,000 $ 68,079

Commitments and Contingent Li_2

Commitments and Contingent Liabilities (Tables)	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Schedule of Product Warranty Liability	Changes in the product warranty accrual for the three months ended September 30, 2022 and 2021 were as follows: Three Months Ended September 30 (Amounts in Thousands) 2022 2021 Product Warranty Liability at the beginning of the period $ 2,530 $ 2,861 Additions to warranty accrual (including changes in estimates) 1,196 18 Settlements made (in cash or in kind) (1,055) (376) Product Warranty Liability at the end of the period $ 2,671 $ 2,503

Fair Value (Tables)

Fair Value (Tables)	3 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements, Recurring and Nonrecurring, 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 Trading securities: Mutual funds held in nonqualified SERP 1 Market - Quoted market prices Derivative Assets: Stock warrants 3 Market - 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. Derivative Asset: Interest Rate Swap 2 Market - Based on observable market inputs using standard calculations, such as time value, forward interest rate yield curves, and current spot rates adjusted for Kimball International's non-performance risk. Contingent earn-out liability 3 Income - Based on a valuation model that measures the present value of the probable cash payments based upon the forecasted operating performance of the acquisition and a discount rate that captures the risk associated with the liability. 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.
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis	As of September 30, 2022 and June 30, 2022, 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: September 30, 2022 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 11,919 $ — $ — $ 11,919 Derivatives: Interest rate swap contract — 2,738 — 2,738 Trading Securities: Mutual funds in nonqualified SERP 10,072 — — 10,072 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 21,991 $ 2,738 $ 1,500 $ 26,229 June 30, 2022 (Amounts in Thousands) Level 1 Level 2 Level 3 Total Assets Cash equivalents: Money market funds $ 5,508 $ — $ — $ 5,508 Derivatives: Interest rate swap contract — 1,986 — 1,986 Trading Securities: Mutual funds in nonqualified SERP 10,517 — — 10,517 Derivatives: Stock warrants — — 1,500 1,500 Total assets at fair value $ 16,025 $ 1,986 $ 1,500 $ 19,511 Liabilities Contingent earn-out liability — — 3,160 3,160 Total liabilities at fair value $ — $ — $ 3,160 $ 3,160
Non-recurring Fair Value Adjustment Technique	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. Impairment of Goodwill 3 Income - Based on a valuation model that determines fair value based on estimated discounted future cash flows of each reporting unit, requiring the use of significant estimates and assumptions, including revenue growth rates and EBITDA margins, future market conditions and discount rates that capture the risk associated with future cash flows.

Investments (Tables)

Investments (Tables)	3 Months Ended
	Sep. 30, 2022
Investments [Abstract]
Trading Securities (and Certain Trading Assets)	SERP asset and liability balances were as follows: (Amounts in Thousands) September 30, June 30, SERP investments - current asset $ 3,200 $ 3,284 SERP investments - other long-term asset 6,872 7,233 Total SERP investments $ 10,072 $ 10,517 SERP obligation - current liability $ 3,200 $ 3,284 SERP obligation - other long-term liability 6,872 7,233 Total SERP obligation $ 10,072 $ 10,517

Stock Compensation (Tables)

Stock Compensation (Tables)	3 Months Ended
	Sep. 30, 2022
Share-based Payment Arrangement [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) Performance Units (1) 1st Quarter 152,034 $7.33 Restricted Stock Units (2) 1st Quarter 379,087 $7.83 Unrestricted Shares (3) 1st Quarter 21,318 $7.77 (1) Performance units were awarded to key officers. Vesting occurs at June 30, 2025. Participants will earn from 0% to 200% of the target award depending upon the compound annual growth rate of Kimball International’s adjusted earnings per share at the end of the performance period. The maximum number of units that can be issued under these awards is 304,068. (2) Restricted stock units were awarded to officers and key employees. Vesting occurs at June 30, 2025. 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 performance units was based on the stock price at the date of the award, reduced by the present value of dividends normally paid over the vesting period which are not payable on outstanding performance units. The grant date fair value of the restricted stock units and unrestricted shares was based on the stock price at the date of the award.

Recent Accounting Pronounceme_4

Recent Accounting Pronouncements and Supplemental Information - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Accounting Standards and Supplemental Information [Line Items]
Goodwill impairment		$ 34,100
Goodwill	$ 47,844	$ 47,844
Indefinite-lived intangible assets (excluding goodwill)	0
Poppin, Inc.
Accounting Standards and Supplemental Information [Line Items]
Goodwill impairment	0
Goodwill	$ 36,700

Recent Accounting Pronounceme_5

Recent Accounting Pronouncements and Supplemental Information - Schedule of Finite-Lived Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Finite-Lived Intangible Assets
Cost	$ 102,894	$ 109,320
Accumulated Amortization	49,250	54,553
Net Value	53,644	54,767
Capitalized Software
Finite-Lived Intangible Assets
Cost	46,870	46,246
Accumulated Amortization	35,664	35,521
Net Value	$ 11,206	10,725
Capitalized Software | Minimum
Finite-Lived Intangible Assets
Useful life (in years)	3 years
Capitalized Software | Maximum
Finite-Lived Intangible Assets
Useful life (in years)	13 years
Customer Relationships
Finite-Lived Intangible Assets
Cost	$ 12,000	19,050
Accumulated Amortization	3,894	10,518
Net Value	$ 8,106	8,532
Useful life (in years)	10 years
Trade Names
Finite-Lived Intangible Assets
Cost	$ 36,570	36,570
Accumulated Amortization	7,725	6,811
Net Value	$ 28,845	29,759
Useful life (in years)	10 years
Acquired Technology
Finite-Lived Intangible Assets
Cost	$ 7,000	7,000
Accumulated Amortization	1,814	1,563
Net Value	$ 5,186	5,437
Useful life (in years)	7 years
Patents and Trademarks
Finite-Lived Intangible Assets
Cost	$ 354	354
Accumulated Amortization	55	47
Net Value	299	307
Non-Compete Agreements
Finite-Lived Intangible Assets
Cost	100	100
Accumulated Amortization	98	93
Net Value	$ 2	$ 7
Useful life (in years)	5 years
Patents
Finite-Lived Intangible Assets
Useful life (in years)	14 years
Trademarks
Finite-Lived Intangible Assets
Useful life (in years)	15 years

Recent Accounting Pronounceme_6

Recent Accounting Pronouncements and Supplemental Information - Amortization Expense and Future Expected Expenses (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accounting Policies [Abstract]
Amortization Expense	$ 2,195	$ 2,439
Remainder of fiscal year	7,224
2024	9,240
2025	9,021
2026	8,638
2027	6,298
Thereafter	$ 13,223

Recent Accounting Pronounceme_7

Recent Accounting Pronouncements and Supplemental Information - Components of Non-operating income (expense), net (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Recent Accounting Pronouncements and Supplemental Information [Abstract]
Loss on SERP Investments	$ (459)	$ (93)
Other	(31)	(93)
Non-operating income (expense), net	$ (490)	$ (186)

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Restructuring Expense and Other Related Items
Restructuring expense	$ 370	$ 1,455
Transformation Restructuring Plan
Restructuring Expense and Other Related Items
Restructuring expense	370	$ 1,455
Effect on future earnings, amount	19,000
Restructuring and expected cost remaining	$ 2,500
Percentage of restructuring costs expected in cash	55%
Transformation Restructuring Plan | Minimum
Restructuring Expense and Other Related Items
Restructuring and related expected costs	$ 21,500
Transformation Restructuring Plan | Minimum | Severance and other employee related costs
Restructuring Expense and Other Related Items
Restructuring and related expected costs	7,000
Transformation Restructuring Plan | Minimum | Facility exit costs and other cash charges
Restructuring Expense and Other Related Items
Restructuring and related expected costs	6,300
Transformation Restructuring Plan | Minimum | (Gain) on sale, impairment of assets and accelerated depreciation
Restructuring Expense and Other Related Items
Restructuring and related expected costs	8,200
Transformation Restructuring Plan | Maximum
Restructuring Expense and Other Related Items
Restructuring and related expected costs	22,000
Transformation Restructuring Plan | Maximum | Facility exit costs and other cash charges
Restructuring Expense and Other Related Items
Restructuring and related expected costs	6,500
Transformation Restructuring Plan | Maximum | (Gain) on sale, impairment of assets and accelerated depreciation
Restructuring Expense and Other Related Items
Restructuring and related expected costs	$ 8,500

Restructuring - Charges related

Restructuring - Charges related to Transformation Restructuring Plan (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Restructuring Expense and Other Related Items
Restructuring expense	$ 370	$ 1,455
Transformation Restructuring Plan
Restructuring Expense and Other Related Items
Restructuring expense	370	1,455
Charges Incurred to Date	19,684
Transformation Restructuring Plan | Cash-related restructuring charges:
Restructuring Expense and Other Related Items
Restructuring expense	1,123	602
Charges Incurred to Date	11,906
Transformation Restructuring Plan | Cash-related restructuring charges: | Severance and other employee related costs
Restructuring Expense and Other Related Items
Restructuring expense	190	146
Charges Incurred to Date	7,025
Transformation Restructuring Plan | Cash-related restructuring charges: | Facility exit costs and other cash charges
Restructuring Expense and Other Related Items
Restructuring expense	933	456
Charges Incurred to Date	4,881
Transformation Restructuring Plan | Non-cash charges: | (Gain) on sale, impairment of assets and accelerated depreciation
Restructuring Expense and Other Related Items
(Gain) on sale, impairment of assets and accelerated depreciation	(753)	$ 853
Charges Incurred to Date	$ 7,778

Restructuring - Current Period

Restructuring - Current Period activity in accrued restructuring related to Transformation Restructuring Reserve (Details) - Severance and other employee related costs - Transformation Restructuring Plan $ in Thousands	3 Months Ended
	Sep. 30, 2022 USD ($)
Restructuring Reserve [Roll Forward]
Balance at the beginning of the period	$ 974
Additions charged to expense	210
Cash payments charged against reserve	(1,133)
Non-cash adjustments	(47)
Balance at the end of the period	$ 4

Revenue - Disaggregation of Rev

Revenue - Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net Sales	$ 177,811	$ 156,610
Workplace & Health
Disaggregation of Revenue [Line Items]
Net Sales	142,800	116,300
Hospitality
Disaggregation of Revenue [Line Items]
Net Sales	19,700	25,000
eBusiness
Disaggregation of Revenue [Line Items]
Net Sales	$ 15,300	$ 15,300

Revenue - Narrative (Details)

Revenue - Narrative (Details) $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($)
Revenue Recognition and Deferred Revenue [Abstract]
Customer deposit balance	$ 16.6

Leases - Narrative (Details)

Leases - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Finance lease liability	$ 0
Operating lease, impairment loss	$ 0	$ 0.7

Leases - Components of Lease Ex

Leases - Components of Lease Expense (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease expense	$ 1.3	$ 1.2
Variable lease expense	1.7	1.4
Total lease expense	$ 3	$ 2.6

Leases - Supplemental Cash Flow

Leases - Supplemental Cash Flow relating to Leases (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Leases [Abstract]
Operating lease payments impacting lease liability	$ 1.6	$ 1.7
Non-cash impact of obtaining new right-of-use assets	$ 1.5	$ 0
Weighted-average remaining term (in years)	4 years 7 months 6 days	4 years 1 month 6 days
Weighted-average discount rate	4.50%	4.60%

Leases - Summary of Future Leas

Leases - Summary of Future Lease Payments (Details) $ in Millions	Sep. 30, 2022 USD ($)
Lessee, Lease, Description [Line Items]
2023	$ 4.6
2024	4.4
2025	3.8
2026	2.8
2027	2.1
Thereafter	2.1
Total lease payments	19.8
Less interest	1.9
Present value of lease liabilities	17.9
Operating leases that have not yet commenced, Right-of-use asset	9.9
Operating leases that have not yet commenced, Liability	$ 9.9
Lease Term, Lease One, Approximately Three Years
Lessee, Lease, Description [Line Items]
Operating lease not yet commenced, term of contract (in years)	3 years
Operating leases that have not yet commenced, Liability	$ 0.3
Lease Term Lease One Approximately Ten Years
Lessee, Lease, Description [Line Items]
Operating lease not yet commenced, term of contract (in years)	10 years
Operating leases that have not yet commenced, Liability	$ 5.7
Lease Term Lease One Approximately Twelve Years
Lessee, Lease, Description [Line Items]
Operating lease not yet commenced, term of contract (in years)	12 years
Operating leases that have not yet commenced, Liability	$ 3.9

Earnings Per Share - Schedule o

Earnings Per Share - Schedule of EPS Basic and Diluted (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Net income (loss)	$ 6,556	$ (5,049)
Average Shares Outstanding for Basic EPS Calculation (in shares)	36,754	36,821
Dilutive Effect of Average Outstanding Compensation Awards (in shares)	222	0
Average Shares Outstanding for Diluted EPS Calculation (in shares)	36,976	36,821
Basic Earnings (Loss) Per Share (in dollars per share)	$ 0.18	$ (0.14)
Diluted Earnings (Loss) Per Share (in dollars per share)	$ 0.18	$ (0.14)

Earnings Per Share - Narrative

Earnings Per Share - Narrative (Details) shares in Thousands	3 Months Ended
	Sep. 30, 2021 shares
Restricted Stock Units (RSUs)
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	790
Relative Total Shareholder Return
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	174

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Effective income tax rate reconciliation percent	17%	33.20%

Inventories - Inventory Compone

Inventories - Inventory Components (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Inventory Disclosure [Abstract]
Finished products	$ 73,561	$ 66,890
Work-in-process	1,716	1,974
Raw materials	54,872	52,878
Total FIFO inventory	130,149	121,742
LIFO reserve	(24,214)	(23,773)
Total inventory	$ 105,935	$ 97,969

Inventories - Narrative (Detail

Inventories - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Inventory Disclosure [Abstract]
Effect of LIFO inventory on expense	$ 0.4	$ 2.4
Effect of LIFO inventory on income	$ 0	$ 0

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Income- Schedule of Balances of Each Component (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income
Balance at the beginning of the period	$ 213,536	$ 239,670
Other comprehensive income (loss) before reclassifications	755	(65)
Reclassification to (earnings) loss	(224)	(58)
Net current-period other comprehensive income (loss)	531	(123)
Balance at the end of the period	217,371	230,519
Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income
Balance at the beginning of the period	3,766	1,980
Balance at the end of the period	4,297	1,857
Postemployment Benefits Net Actuarial Gain (Loss)
Accumulated Other Comprehensive Income
Balance at the beginning of the period	2,291	1,980
Other comprehensive income (loss) before reclassifications	96	196
Reclassification to (earnings) loss	(123)	(101)
Net current-period other comprehensive income (loss)	(27)	95
Balance at the end of the period	2,264	2,075
Interest Rate Swap Gain (Loss)
Accumulated Other Comprehensive Income
Balance at the beginning of the period	1,475	0
Other comprehensive income (loss) before reclassifications	659	(261)
Reclassification to (earnings) loss	(101)	43
Net current-period other comprehensive income (loss)	558	(218)
Balance at the end of the period	$ 2,033	$ (218)

Accumulated Other Comprehensi_4

Accumulated Other Comprehensive Income - Reclassifications from Accumulated Other Comprehensive Income (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Reclassification Adjustment from Accumulated Other Comprehensive Income
Nonoperating Income (Expense)	$ (1,094)	$ (434)
Provision (Benefit) for Income Taxes	1,347	(2,512)
Net income (loss)	6,556	(5,049)
Reclassification out of Accumulated Other Comprehensive Income
Reclassification Adjustment from Accumulated Other Comprehensive Income
Net income (loss)	224	58
Reclassification out of Accumulated Other Comprehensive Income | Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Including Portion Attributable to Noncontrolling Interest
Reclassification Adjustment from Accumulated Other Comprehensive Income
Nonoperating Income (Expense)	166	136
Provision (Benefit) for Income Taxes	(43)	(35)
Net income (loss)	123	101
Reclassification out of Accumulated Other Comprehensive Income | AOCI, Derivative Qualifying as Hedge, Excluded Component, Noncontrolling Interest
Reclassification Adjustment from Accumulated Other Comprehensive Income
Nonoperating Income (Expense)	136	(58)
Provision (Benefit) for Income Taxes	(35)	15
Net income (loss)	$ 101	$ (43)

Long-Term Debt and Revolving _3

Long-Term Debt and Revolving Credit Facility - Schedule of Short-term and Long-term Debt (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Debt Instrument [Line Items]
Total Debt	$ 65,000	$ 68,079
Revolving Credit Facility
Debt Instrument [Line Items]
Interest rate, stated percentage	4.32%
Long-term debt under revolving credit facility due October 2024; 4.32% variable interest rate at September 30, 2022	$ 65,000	68,000
Other Debt
Debt Instrument [Line Items]
Interest rate, stated percentage	9.25%
Other debt	$ 0	$ 79

Long-Term Debt and Revolving _4

Long-Term Debt and Revolving Credit Facility - Narrative (Details) $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($)
Debt Instrument [Line Items]
Maturities in fiscal year 2025	$ 65
Maximum borrowing capacity	125
Line of credit facility, remaining borrowing capacity	58.2
Interest Rate Swap | Designated as Hedging Instrument
Debt Instrument [Line Items]
Derivative notional amount	40
Revolving Credit Facility
Debt Instrument [Line Items]
Maximum borrowing capacity upon request	$ 200
Minimum | Revolving Credit Facility
Debt Instrument [Line Items]
Unused capacity, commitment fee percentage (basis points)	0.20%
Maximum | Revolving Credit Facility
Debt Instrument [Line Items]
Amount available for letters of credit	$ 10
Unused capacity, commitment fee percentage (basis points)	0.30%
Financial Standby Letter of Credit
Debt Instrument [Line Items]
Letters of credit, amount	$ 1.8

Commitments and Contingent Li_3

Commitments and Contingent Liabilities - Narrative (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Financial Standby Letter of Credit
Guarantor Obligations
Letters of credit, amount	$ 1,800
Standby Letters of Credit
Guarantor Obligations
Loss contingency accrual	$ 0

Commitments and Contingent Li_4

Commitments and Contingent Liabilities - Product Warranty (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Movement in Standard Product Warranty Accrual [Roll Forward]
Product Warranty Liability at the beginning of the period	$ 2,530	$ 2,861
Additions to warranty accrual (including changes in estimates)	1,196	18
Settlements made (in cash or in kind)	(1,055)	(376)
Product Warranty Liability at the end of the period	$ 2,671	$ 2,503

Fair Value - Narrative (Details

Fair Value - Narrative (Details) $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($) showroom	Sep. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Changes in inputs and valuation techniques | showroom	0
Recurring revaluation gain (loss)	$ 3.2	$ (4.6)
Operating lease, impairment loss	0	$ 0.7
Poppin, Inc.
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Long-term earn-out liability	0		$ 3.2
Poppin, Inc. | Maximum
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis
Contingent earn-out liability	$ 45

Fair Value - Recurring Fair Val

Fair Value - Recurring Fair Value Measurements (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Assets
Trading Securities: Mutual funds in nonqualified SERP	$ 10,072	$ 10,517
Fair Value, Measurements, Recurring
Assets
Total assets at fair value	26,229	19,511
Liabilities
Contingent earn-out liability		3,160
Total liabilities at fair value		3,160
Fair Value, Measurements, Recurring | Interest Rate Swap
Assets
Derivatives: Stock warrants	2,738	1,986
Fair Value, Measurements, Recurring | Warrant
Assets
Derivatives: Stock warrants	1,500	1,500
Fair Value, Measurements, Recurring | Money Market Funds
Assets
Cash equivalents: Money market funds	11,919	5,508
Fair Value, Measurements, Recurring | Mutual Fund
Assets
Trading Securities: Mutual funds in nonqualified SERP	10,072	10,517
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1
Assets
Total assets at fair value	21,991	16,025
Liabilities
Contingent earn-out liability		0
Total liabilities at fair value		0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Interest Rate Swap
Assets
Derivatives: Stock warrants	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Warrant
Assets
Derivatives: Stock warrants	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Money Market Funds
Assets
Cash equivalents: Money market funds	11,919	5,508
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 1 | Mutual Fund
Assets
Trading Securities: Mutual funds in nonqualified SERP	10,072	10,517
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2
Assets
Total assets at fair value	2,738	1,986
Liabilities
Contingent earn-out liability		0
Total liabilities at fair value		0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Interest Rate Swap
Assets
Derivatives: Stock warrants	2,738	1,986
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Warrant
Assets
Derivatives: Stock warrants	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Money Market Funds
Assets
Cash equivalents: Money market funds	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 2 | Mutual Fund
Assets
Trading Securities: Mutual funds in nonqualified SERP	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3
Assets
Total assets at fair value	1,500	1,500
Liabilities
Contingent earn-out liability		3,160
Total liabilities at fair value		3,160
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Interest Rate Swap
Assets
Derivatives: Stock warrants	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Warrant
Assets
Derivatives: Stock warrants	1,500	1,500
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Money Market Funds
Assets
Cash equivalents: Money market funds	0	0
Fair Value, Measurements, Recurring | Fair Value, Inputs, Level 3 | Mutual Fund
Assets
Trading Securities: Mutual funds in nonqualified SERP	$ 0	$ 0

Investments - Supplemental Empl

Investments - Supplemental Employee Retirement Investments Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Investments [Abstract]
Unrealized holding gains (losses)	$ (0.5)	$ (0.2)

Investments - Supplemental Em_2

Investments - Supplemental Employee Retirement Plan Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Jun. 30, 2022
Schedule of Trading Securities and Other Trading Assets
Total SERP investments	$ 10,072	$ 10,517
Total SERP obligation	10,072	10,517
SERP investments - current asset
Schedule of Trading Securities and Other Trading Assets
Total SERP investments	3,200	3,284
Total SERP obligation	3,200	3,284
SERP investments - other long-term asset
Schedule of Trading Securities and Other Trading Assets
Total SERP investments	6,872	7,233
Total SERP obligation	$ 6,872	$ 7,233

Investments - Investments - Equ

Investments - Investments - Equity securities without readily determinable fair value Textuals (Details) $ in Millions	Sep. 30, 2022 USD ($)
Investment owned, at cost	$ 2
Other Assets | Preferred Stock
Equity securities without readily determinable fair value	$ 0.5

Derivative Instruments (Details

Derivative Instruments (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022
Derivative [Line Items]
Interest rate contract losses in AOCI	$ 888	$ (351)
Investment owned, at cost	2,000
Interest Rate Swap
Derivative [Line Items]
Interest rate contract losses in AOCI	2,700
Interest rate swap contract losses expected to be reclassified into earnings in the next twelve months	1,300
Designated as Hedging Instrument | Interest Rate Swap
Derivative [Line Items]
Derivative notional amount	$ 40,000
Designated as Hedging Instrument | Interest Rate Swap | London Interbank Offered Rate (LIBOR) Swap Rate
Derivative [Line Items]
Derivative, interest rate	0.834%
Designated as Hedging Instrument | Other Current Assets | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value, gross asset	$ 1,300		$ 900
Designated as Hedging Instrument | Other Noncurrent Assets | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value, gross asset	1,400		1,100
Fair Value, Measurements, Recurring | Interest Rate Swap
Derivative [Line Items]
Derivative asset, fair value, gross asset	2,738		1,986
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

Stock Compensation - Narrative

Stock Compensation - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Share-based Payment Arrangement [Abstract]
Share-based compensation expense	$ 1.2	$ 1.1
Share-based payment arrangement, expense, tax benefit	$ 0.3

Stock Compensation - Schedule o

Stock Compensation - Schedule of Awards (Details)	3 Months Ended
	Sep. 30, 2022 $ / shares shares
Relative Total Shareholder Return
Share-based Compensation Arrangement by Share-based Payment Award
Targeted Shares or Units (in shares)	152,034
Grant Date Fair Value (in dollars per share) | $ / shares	$ 7.33
Relative Total Shareholder Return | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Payout percentage	0%
Relative Total Shareholder Return | Maximum
Share-based Compensation Arrangement by Share-based Payment Award
Payout percentage	200%
Number of shares authorized (in shares)	304,068
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award
Targeted Shares or Units (in shares)	379,087
Restricted Stock Units (RSUs) | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Grant Date Fair Value (in dollars per share) | $ / shares	$ 7.83
Unrestricted Shares
Share-based Compensation Arrangement by Share-based Payment Award
Targeted Shares or Units (in shares)	21,318
Unrestricted Shares | Minimum
Share-based Compensation Arrangement by Share-based Payment Award
Grant Date Fair Value (in dollars per share) | $ / shares	$ 7.77