Earnings Per Share

3 Months Ended

Sep. 30, 2019

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.



	Three Months Ended September 30,
	2019		2018
Basic earnings per share
Net income attributable to OpenText	$	74,401	$	36,324
Basic earnings per share attributable to OpenText	$	0.28	$	0.14
Diluted earnings per share
Net income attributable to OpenText	$	74,401	$	36,324
Diluted earnings per share attributable to OpenText	$	0.27	$	0.13
Weighted-average number of shares outstanding (in 000's)
Basic	270,013		268,028
Effect of dilutive securities	1,238		1,359
Diluted	271,251		269,387
Excluded as anti-dilutive⁽¹⁾	2,174		1,868

⁽¹⁾ 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.