Note 11. Investments

9 Months Ended

Mar. 31, 2015

Investments [Abstract]

Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure

Investments

Kimball maintains 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. Kimball recognizes SERP investment assets on the Condensed Consolidated Balance Sheets at current fair value. A SERP liability of the same amount is recorded on the Condensed Consolidated Balance Sheets representing an obligation to distribute SERP funds to participants. The SERP investment assets are classified as trading, and accordingly, realized and unrealized gains and losses are recognized in income in the Other Income (Expense) category. Adjustments made to revalue the SERP liability are also recognized in income as selling and administrative expenses and offset valuation adjustments on SERP investment assets. Net unrealized holding losses recognized in continuing operations for the nine months ended March 31, 2015 and 2014 were, in thousands, $121 and $160, respectively.

SERP asset and liability balances were as follows:

(Amounts in Thousands)	March 31, 2015		June 30, 2014
SERP investments - current asset	$	9,384	$	8,812
SERP investments - other long-term asset	9,325		14,294
Total SERP investments	$	18,709	$	23,106
SERP obligation - current liability	$	9,384	$	8,812
SERP obligation - other long-term liability	9,325		14,294
Total SERP obligation	$	18,709	$	23,106

The reduction in SERP investments and obligation from June 30, 2014 to March 31, 2015 was due primarily to the spin-off of Kimball Electronics on October 31, 2014.