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Pension Plans And Other Post Retirement Benefits | 6 Months Ended
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Dec. 31, 2011
Pension Plans And Other Post Retirement Benefits [Abstract] |
Pension Plans And Other Post Retirement Benefits | NOTE 11—PENSION PLANS AND OTHER POST RETIREMENT BENEFITS The following table provides details of our defined benefit pension plans and long-term employee benefit obligations for Open Text Document Technologies GmbH (CDT) and IXOS AG (IXOS) as of December 31, 2011 and June 30, 2011:
|  | Total benefit obligation |  |  | Current portion of benefit obligation* |  |  | Noncurrent portion of benefit obligation |
CDT defined benefit plan |  | $ | 17,119 |  |  | $ | 480 |  |  | $ | 16,639 |
CDT Anniversary plan |  |  | 486 |  |  |  | 93 |  |  |  | 393 |
CDT early retirement plan |  |  | 129 |  |  |  | — |  |  |  | 129 |
IXOS defined benefit plan |  |  | 19 |  |  |  | — |  |  |  | 19 |
Total as of December 31, 2011 |  | $ | 17,753 |  |  | $ | 573 |  |  | $ | 17,180 |
|  | Total benefit obligation |  |  | Current portion of benefit obligation* |  |  | Noncurrent portion of benefit obligation |
CDT defined benefit plan |  | $ | 18,231 |  |  | $ | 489 |  |  | $ | 17,742 |
CDT Anniversary plan |  |  | 550 |  |  |  | 57 |  |  |  | 493 |
CDT early retirement plan |  |  | 234 |  |  |  | — |  |  |  | 234 |
IXOS defined benefit plan |  |  | 9 |  |  |  | — |  |  |  | 9 |
Total as of June 30, 2011 |  | $ | 19,024 |  |  | $ | 546 |  |  | $ | 18,478 |
* | The current portion of the benefit obligation has been included within Accounts payable and accrued liabilities within the Condensed Consolidated Balance Sheets.
CDT Defined Benefit Plan CDT sponsors an unfunded defined benefit pension plan covering substantially all CDT employees (CDT pension plan) which provides for old age, disability and survivors' benefits. Benefits under the CDT pension plan are generally based on age at retirement, years of service and the employee's annual earnings. The net periodic cost of this pension plan is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and estimated service costs. The following are the components of net periodic benefit costs for the CDT pension plan and the details of the change in the benefit obligation for the periods indicated:
|  | As of December 31, 2011 |  |  | As of June 30, 2011 |
Benefit obligation—beginning of period |  | $ | 18,231 |  |  | $ | 15,507 |
Service cost |  |  | 166 |  |  |  | 350 |
Interest cost |  |  | 444 |  |  |  | 868 |
Benefits paid |  |  | (213 | ) |  |  | (423 | )
Actuarial (gain) loss |  |  | 209 |  |  |  | (688 | )
Foreign exchange (gain) loss |  |  | (1,718 | ) |  |  | 2,617 |
Benefit obligation—end of period |  |  | 17,119 |  |  |  | 18,231 |
Less: current portion |  |  | (480 | ) |  |  | (489 | )
Noncurrent portion of benefit obligation |  | $ | 16,639 |  |  | $ | 17,742 |
The following are the details of net pension expense for the CDT pension plan for the periods indicated:
|  | Three months ended December 31, |  |  | Six months ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2011 |  |  | 2010 |
Pension expense: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Service cost |  | $ | 81 |  |  | $ | 83 |  |  | $ | 166 |  |  | $ | 169 |
Interest cost |  |  | 217 |  |  |  | 206 |  |  |  | 444 |  |  |  | 420 |
Net pension expense |  | $ | 298 |  |  | $ | 289 |  |  | $ | 610 |  |  | $ | 589 |
The CDT pension plan is an unfunded plan and therefore no contributions have been made since the inception of the plan. In determining the fair value of the CDT pension plan benefit obligations as of December 31, 2011 and June 30, 2011, respectively, we used the following weighted-average key assumptions:
|  | As of December 31, 2011 |  |  | As of June 30, 2011 |
Assumptions: |  |  |  |  |  |  |  |
Salary increases |  |  | 2.25 | % |  |  | 2.25 | %
Pension increases |  |  | 1.75 | % |  |  | 1.50 | %
Discount rate |  |  | 5.30 | % |  |  | 5.25 | %
Employee fluctuation rate: |  |  |  |  |  |  |  |
to age 30 |  |  | 1.00 | % |  |  | 1.00 | %
to age 35 |  |  | 0.50 | % |  |  | 0.50 | %
to age 40 |  |  | 0.00 | % |  |  | 0.00 | %
to age 45 |  |  | 0.50 | % |  |  | 0.50 | %
to age 50 |  |  | 0.50 | % |  |  | 0.50 | %
from age 51 |  |  | 1.00 | % |  |  | 1.00 | %
Anticipated pension payments under the CDT pension plan for the fiscal years indicated below are as follows:
2012 (six months ending June 30) |  | $ | 224 |
2013 |  |  | 513 |
2014 |  |  | 598 |
2015 |  |  | 637 |
2016 |  |  | 731 |
2017 to 2021 |  |  | 4,685 |
Total |  | $ | 7,388 |
CDT Long-term Employee Benefit Obligations CDT's long-term employee benefit obligations arise under CDT's "Anniversary plan" and an early retirement plan. The obligation is unfunded and carried at a fair value of $0.5 million for the Anniversary plan and $0.1 million for the early retirement plan as of December 31, 2011 ($0.6 million and $0.2 million, respectively, as of June 30, 2011). IXOS AG Defined Benefit Plans Included in our pension liability, as of December 31, 2011, is a net amount of $19,000 (June 30, 2011—$9,000) that relates to two IXOS defined benefit pensions plans (IXOS pension plans) in connection with certain former members of the IXOS Board of Directors and certain IXOS employees, respectively. The net periodic pension cost with respect to the IXOS pension plans is determined using the projected unit credit method and several actuarial assumptions, the most significant of which are the discount rate and the expected return on plan assets.

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