Earnings Per Share

9 Months Ended

Mar. 31, 2017

Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive. Per share data and number of Common Shares included in the table below are presented on a post share split basis. See note 12 "Share Capital, Option Plans and Share-based Payments" for additional information about the share split.



	Three Months Ended March 31,				Nine Months Ended March 31,
	2017		2016		2017			2016
Basic earnings per share
Net income attributable to OpenText	$	21,616	$	69,115	$	979,522	(1)	$	198,087
Basic earnings per share attributable to OpenText	$	0.08	$	0.29	$	3.91		$	0.82
Diluted earnings per share
Net income attributable to OpenText	$	21,616	$	69,115	$	979,522	(1)	$	198,087
Diluted earnings per share attributable to OpenText	$	0.08	$	0.28	$	3.88		$	0.81
Weighted-average number of shares outstanding
Basic	263,329		242,318		250,538			243,028
Effect of dilutive securities	2,111		1,094		1,931			1,060
Diluted	265,440		243,412		252,469			244,088
Excluded as anti-dilutive⁽²⁾	1,117		5,414		1,577			5,494

⁽¹⁾ Please also see note 14 "Income Taxes" for details relating to a one-time tax benefit of $876.1 million recorded during the three months ended September 30, 2016 in connection with an internal reorganization of our subsidiaries.

⁽²⁾ Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.