XML 55 R43.htm IDEA: XBRL DOCUMENT v3.10.0.1

Pension Plans and Other Post Retirement Benefits (Tables)

6 Months Ended

Dec. 31, 2018

Retirement Benefits [Abstract]

Schedule of Defined Benefit Plan and Long-Term Employee Benefit Obligations

The following table provides details of our defined benefit pension plans and long-term employee benefit obligations for Open Text Document Technologies GmbH (CDT), GXS GmbH (GXS GER), GXS Philippines, Inc. (GXS PHP) and other plans as of December 31, 2018 and June 30, 2018:

	As of December 31, 2018
	Total benefit obligation				Current portion of benefit obligation*				Non-current portion of benefit obligation
CDT defined benefit plan	$	32,326			$	661			$	31,665
GXS GER defined benefit plan	25,285				1,003				24,282
GXS PHP defined benefit plan	4,067				117				3,950
Other plans	5,795				427				5,368
Total	$	67,473			$	2,208			$	65,265

	As of June 30, 2018
	Total benefit obligation				Current portion of benefit obligation*				Non-current portion of benefit obligation
CDT defined benefit plan	$	32,651			$	655			$	31,996
GXS GER defined benefit plan	25,382				1,027				24,355
GXS PHP defined benefit plan	3,853				138				3,715
Other plans	6,095				442				5,653
Total	$	67,981			$	2,262			$	65,719

* The current portion of the benefit obligation has been included within "Accrued salaries and commissions", all within "Accounts payable and accrued liabilities" in the Condensed Consolidated Balance Sheets (see note 9 "Accounts Payable and Accrued Liabilities").

Schedule of the Change in the Benefit Obligation of Defined Benefit Plan

The following are the details of the change in the benefit obligation for each of the above mentioned pension plans for the periods indicated: 

	As of December 31, 2018																As of June 30, 2018
	CDT				GXS GER				GXS PHP				Total				CDT				GXS GER				GXS PHP				Total
Benefit obligation—beginning of period	$	32,651			$	25,382			$	3,853			$	61,886			$	28,881			$	23,730			$	4,495			$	57,106
Service cost	277				285				335				897				501				472				832				1,805
Interest cost	324				247				140				711				607				489				241				1,337
Benefits paid	(322		)		(498		)		(118		)		(938		)		(580		)		(974		)		(141		)		(1,695		)
Actuarial (gain) loss	208				494				(174		)		528				2,442				997				(1,313		)		2,126
Foreign exchange (gain) loss	(812		)		(625		)		31				(1,406		)		800				668				(261		)		1,207
Benefit obligation—end of period	32,326				25,285				4,067				61,678				32,651				25,382				3,853				61,886
Less: Current portion	(661		)		(1,003		)		(117		)		(1,781		)		(655		)		(1,027		)		(138		)		(1,820		)
Non-current portion of benefit obligation	$	31,665			$	24,282			$	3,950			$	59,897			$	31,996			$	24,355			$	3,715			$	60,066

Components of Net Pension Expense for Pension Plan

The following are details of net pension expense relating to the following pension plans:

	Three Months Ended December 31,
	2018																2017
Pension expense:	CDT				GXS GER				GXS PHP				Total				CDT				GXS GER				GXS PHP				Total
Service cost	$	136			$	140			$	159			$	435			$	125			$	117			$	228			$	470
Interest cost	159				121				72				352				151				122				59				332
Amortization of actuarial (gains) and losses	175				33				(139		)		69				134				18				(62		)		90
Net pension expense	$	470			$	294			$	92			$	856			$	410			$	257			$	225			$	892

Schedule of Weighted-Average Key Assumptions Used for CDT Pension Plan

In determining the fair value of the pension plan benefit obligations as of December 31, 2018 and June 30, 2018, respectively, we used the following weighted-average key assumptions:

	As of December 31, 2018						As of June 30, 2018
	CDT		GXS GER		GXS PHP		CDT		GXS GER		GXS PHP
Assumptions:
Salary increases	3.50%		3.50%		6.50%		3.50%		3.50%		6.50%
Pension increases	2.00%		2.00%		N/A		2.00%		2.00%		N/A
Discount rate	2.02%		2.02%		7.50%		2.00%		2.00%		7.25%
Normal retirement age	65-67		65-67		60		65-67		65-67		60
Employee fluctuation rate:
to age 20	—%		—%		12.19%		—%		—%		12.19%
to age 25	—%		—%		16.58%		—%		—%		16.58%
to age 30	1.00%		—%		13.97%		1.00%		—%		13.97%
to age 35	0.50%		—%		10.77%		0.50%		—%		10.77%
to age 40	—%		—%		7.39%		—%		—%		7.39%
to age 45	0.50%		—%		3.28%		0.50%		—%		3.28%
to age 50	0.50%		—%		—%		0.50%		—%		—%
from age 51	1.00%		—%		—%		1.00%		—%		—%

Anticipated Pension Payments Under Pension Plan

Anticipated pension payments under the pension plans for the fiscal years indicated below are as follows:

	Fiscal years ending June 30,
	CDT				GXS GER				GXS PHP
2019 (six months ended June 30)	$	319			$	500			$	59
2020	682				1,006				118
2021	780				1,034				216
2022	868				1,041				246
2023	974				1,044				205
2024 to 2028	5,856				5,367				1,158
Total	$	9,479			$	9,992			$	2,002

X

- Definition

Schedule of Defined Benefit Plan and Long Term Employee Benefit Obligation [Table Text Block]

+ References

No definition available.

+ Details

Name:	otex_ScheduleOfDefinedBenefitPlanAndLongTermEmployeeBenefitObligationTableTextBlock
Namespace Prefix:	otex_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the assumptions used to determine for pension plans and/or other employee benefit plans the benefit obligation and net benefit cost, including assumed discount rates, rate increase in compensation increase, and expected long-term rates of return on plan assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (k)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfAssumptionsUsedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the change in the benefit obligation of pension plans and/or other employee benefit plans from the beginning to the end of the period, showing separately, if applicable, the effects of the following: service cost, interest cost, contributions by plan participants, actuarial gains and losses, foreign currency exchange rate changes, benefits paid, plan amendments, business combinations, divestitures, curtailments, settlements, and special and contractual termination benefits.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of benefits expected to be paid by pension plans and/or other employee benefit plans in each of the next five fiscal years and in the aggregate for the five fiscal years thereafter.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (f)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfExpectedBenefitPaymentsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (h)
-URI http://asc.fasb.org/extlink&oid=108410482&loc=d3e1928-114920

+ Details

Name:	us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration