Note 13. Investments

12 Months Ended

Jun. 30, 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 Consolidated Balance Sheets at current fair value. A SERP liability of the same amount is recorded on the 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 gains (losses) from continuing operations for securities held at June 30, 2016, 2015, and 2014 were, in thousands, $(484), $(644), and $(72), respectively. SERP asset and liability balances were as follows:

	June 30
(Amounts in Thousands)	2016		2015
SERP investments - current asset	$	768	$	1,276
SERP investments - other long-term asset	9,233		9,077
Total SERP investments	$	10,001	$	10,353
SERP obligation - current liability	$	768	$	1,276
SERP obligation - other long-term liability	9,233		9,077
Total SERP obligation	$	10,001	$	10,353

Non-marketable equity securities:

We invested $0.5 million in non-marketable equity securities of a privately-held company during fiscal year 2016. The securities were valued at $0.5 million at June 30, 2016, and are included in the Other Assets line of the Consolidated Balance Sheets. See Note 11 - Fair Value of Notes to 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.