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Pension Plans And Other Post Retirement Benefits
 12 Months Ended
Jun. 30, 2012
Compensation and Retirement Disclosure [Abstract]  
Pension Plans And Other Post Retirement Benefits
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 June 30, 2012 and June 30, 2011: 
 
Total  benefit
obligation
 
Current portion  of
benefit obligation*
 
Noncurrent portion of
benefit obligation
CDT defined benefit plan
$
21,461

 
$
475

 
$
20,986

CDT Anniversary plan
457

 
67

 
390

CDT early retirement plan
69

 
69

 
—

IXOS defined benefit plan
698

 
—

 
698

Total as of June 30, 2012
$
22,685

 
$
611

 
$
22,074

 
 
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 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 June 30, 2012
 
As of June 30, 2011
Benefit obligation—beginning of period
$
18,231

 
$
15,507

Service cost
326

 
350

Interest cost
873

 
868

Benefits paid
(441
)
 
(423
)
Actuarial (gain) loss
5,179

 
(688
)
Foreign exchange (gain) loss
(2,707
)
 
2,617

Benefit obligation—end of period
21,461

 
18,231

Less: current portion
(475
)
 
(489
)
Noncurrent portion of benefit obligation
$
20,986

 
$
17,742


 
The following are the details of net pension expense for the CDT pension plan for the periods indicated:
 
 
 
Year Ended June 30,
 
 
2012
 
2011
Pension expense:
 
 
 
 
Service cost
 
$
326

 
$
350

Interest cost
 
873

 
868

Net pension expense
 
$
1,199

 
$
1,218


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 June 30, 2012 and June 30, 2011, respectively, we used the following weighted-average key assumptions:
 
 
As of June 30, 2012
 
As of June 30, 2011
Assumptions:
 
 
 
Salary increases
2.50
%
 
2.25
%
Pension increases
2.00
%
 
1.50
%
Discount rate
4.00
%
 
5.25
%
Employee fluctuation rate:
 
 
 
to age 30
1.00
%
 
1.00
%
to age 35
0.50
%
 
0.50
%
to age 40
—
%
 
—
%
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: 
2013
$
475

2014
531

2015
587

2016
651

2017
725

2018 to 2022
4,788

 
 
Total
$
7,757


CDT 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 approximately $0.1 million for the early retirement plan as of June 30, 2012 ($0.6 million and $0.2 million, respectively, as of June 30, 2011).
IXOS Defined Benefit Plans
Included in our pension liability, as of June 30, 2012, is a net amount of $0.7 million (June 30, 2011—$0.01 million) 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.