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Pension Plans And Other Post Retirement Benefits
 6 Months Ended
Dec. 31, 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 Open Text Software GmbH (IXOS) as of December 31, 2012 and June 30, 2012: 
 
As of December 31, 2012
 
Total  benefit
obligation
 
Current portion  of
benefit obligation*
 
Non current portion of
benefit obligation
CDT defined benefit plan
$
24,446

 
$
524

 
$
23,922

CDT anniversary plan
466

 
85

 
381

CDT early retirement plan
—

 
—

 
—

IXOS defined benefit plans
739

 
—

 
739

Total
$
25,651

 
$
609

 
$
25,042

 
 
As of June 30, 2012
 
Total  benefit
obligation
 
Current portion  of
benefit obligation*
 
Non current 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 plans
698

 
—

 
698

Total
$
22,685

 
$
611

 
$
22,074

 
*
The current portion of the benefit obligation has been included within "Accounts payable and accrued liabilities" in 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 details of the change in the benefit obligation for the CDT pension plan for the periods indicated: 
 
As of December 31, 2012
 
As of June 30, 2012
Benefit obligation as of June 30, 2012
$
21,461

 
$
18,231

Service cost
230

 
326

Interest cost
446

 
873

Benefits paid
(229
)
 
(441
)
Actuarial (gain) loss
876

 
5,179

Foreign exchange (gain) loss
1,662

 
(2,707
)
Benefit obligation as of December 31, 2012
24,446

 
21,461

Less: Current portion
(524
)
 
(475
)
Non current portion of benefit obligation
$
23,922

 
$
20,986


 
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,
 
 
2012
 
2011
 
2012
 
2011
Pension expense:
 
 
 
 
 
 
 
 
Service cost
 
$
117

 
$
81

 
$
230

 
$
166

Interest cost
 
226

 
217

 
446

 
444

Amortization of actuarial gains and losses
 
71

 
—

 
139

 
—

Net pension expense
 
$
414

 
$
298

 
$
815

 
$
610


The CDT pension plan is an unfunded plan and therefore no contributions have been made since the inception of the plan. Actuarial gains and losses in excess of 10% of the greater of the projected benefit obligation or the market-related value of plan obligations are being amortized and recognized as a component of net periodic benefit costs over the average remaining service period of the plan's active employees. Currently there is approximately $0.1 million in accumulated other comprehensive income related to the CDT pension plan that is expected to be recognized as a component of net periodic benefit costs over the remaining fiscal year.
In determining the fair value of the CDT pension plan benefit obligations as of December 31, 2012 and June 30, 2012, respectively, we used the following weighted-average key assumptions:
 
 
As of December 31, 2012
 
As of June 30, 2012
Assumptions:
 
 
 
Salary increases
2.50
%
 
2.50
%
Pension increases
2.00
%
 
2.00
%
Discount rate
3.60
%
 
4.00
%
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: 
 
Fiscal years ending
June  30,

2013 (six months ended June 30)
$
262

2014
562

2015
620

2016
690

2017
759

2018 to 2022
5,599

Total
$
8,492


CDT Anniversary Plan
CDT’s long-term employee benefit obligations arise under CDT’s “anniversary plan”. The obligation is unfunded and is carried at its fair value.
IXOS Defined Benefit Plans
Included in our pension liability, as of December 31, 2012, is a net amount of $0.7 million (June 30, 2012—$0.7 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.