Acquisitions (Tables) (Actuate Corporation [Member])

9 Months Ended

Mar. 31, 2015

Actuate Corporation [Member]

Business Acquisition, Pro Forma Information [Table Text Block]

The amount of Actuate’s revenues and net income included in our Condensed Consolidated Statements of Income for the three months ended March 31, 2015 is set forth below:



	January 16, 2015— March 31, 2015
Revenues	$	14,534
Net loss *	$	(7,555	)

* Net loss includes one-time fees of approximately $4.0 million on account of special charges, and $5.8 million of amortization charges relating to intangible assets.

The unaudited pro forma revenues and net income of the combined entity for the three and nine months ended March 31, 2015 and 2014, respectively, had the acquisition been consummated as of July 1, 2013, are set forth below:



	Three Months Ended March 31,				Nine Months Ended March 31,
	2015		2014		2015		2014
Supplemental Unaudited Pro forma Information
Total revenues	$	450,432	$	466,840	$	1,424,824	$	1,219,504
Net income (1) (2)	$	14,862	$	37,946	$	141,285	$	115,528

(1) Included in pro forma net income for the three months ended March 31, 2015 are approximately $10.6 million of one-time expenses incurred by Actuate on account of the acquisition. These one-time expenses include i) approximately $3.4 million in employee change in control payments, ii) approximately $3.9 million of post-business combination compensation obligations associated with the acquisition, and iii) approximately $3.3 million of transaction fees triggered by the closing of the acquisition. In addition to the one-time expenses discussed above, included in pro forma net income for the nine months ended March 31, 2015 is another $2.2 million of transaction fees triggered by the closing of the acquisition.

(2) Included in pro forma net income for the three and nine months ended March 31, 2015 are estimated amortization charges relating to the allocated values of intangible assets.

Schedule of Business Acquisitions, by Acquisition

The following tables summarize the preliminary consideration paid for Actuate and the amount of the assets acquired and liabilities assumed, as well as the goodwill recorded as of the acquisition date:



Cash consideration*	$	322,417
Actuate shares already owned by OpenText through open market purchases (at fair value)	9,539
Preliminary purchase consideration	$	331,956
Acquisition-related costs (included in Special charges in the Condensed Consolidated Statements of Income) for the three months ended March 31, 2015	$	1,164
Acquisition-related costs (included in Special charges in the Condensed Consolidated Statements of Income) for the nine months ended March 31, 2015	$	3,252

*Inclusive of $8.2 million accrued for but unpaid as of March 31, 2015.

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The recognized amounts of identifiable assets acquired and liabilities assumed, based upon their fair values as of January 16, 2015, are set forth below:



Current assets (inclusive of cash acquired of $22,463)	$	78,307
Non-current tangible assets	18,273
Intangible customer assets	62,600
Intangible technology assets	60,000
Liabilities assumed	(77,868		)
Total identifiable net assets	141,312
Goodwill	190,644
Net assets acquired	$	331,956