Note 10. Investments

9 Months Ended

Mar. 31, 2016

Investments [Abstract]

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

Investments

Supplemental Employee Retirement Plan 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 from continuing operations for the nine months ended March 31, 2016 and 2015 were, in thousands, $550 and $121, respectively.

SERP asset and liability balances were as follows:

(Amounts in Thousands)	March 31, 2016		June 30, 2015
SERP investments - current asset	$	634	$	1,276
SERP investments - other long-term asset	9,391		9,077
Total SERP investments	$	10,025	$	10,353
SERP obligation - current liability	$	634	$	1,276
SERP obligation - other long-term liability	9,391		9,077
Total SERP obligation	$	10,025	$	10,353

Non-marketable equity securities:

We invested $0.5 million in non-marketable equity securities of a privately-held company during the quarter ended March 31, 2016. The securities were valued at $0.5 million at March 31, 2016, and are included in the Other Assets line of the Condensed Consolidated Balance Sheets. See Note 8 - Fair Value of Notes to Condensed Consolidated Financial Statements for more information on the valuation of these securities. The investment does not rise to the level of a material variable interest or a controlling interest in the privately-held company which would require consolidation.