XML 31 R43.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2

Pension Plans and Other Post Retirement Benefits (Tables)

6 Months Ended

Dec. 31, 2019

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, 2019 and June 30, 2019:

	As of December 31, 2019
	Total benefit obligation				Current portion of benefit obligation*				Non-current portion of benefit obligation
CDT defined benefit plan	$	35,221			$	700			$	34,521
GXS GER defined benefit plan	25,650				986				24,664
GXS PHP defined benefit plan	7,113				93				7,020
Other plans	7,964				491				7,473
Total	$	75,948			$	2,270			$	73,678

	As of June 30, 2019
	Total benefit obligation				Current portion of benefit obligation*				Non-current portion of benefit obligation
CDT defined benefit plan	$	35,836			$	675			$	35,161
GXS GER defined benefit plan	26,739				1,012				25,727
GXS PHP defined benefit plan	6,904				124				6,780
Other plans	8,052				481				7,571
Total	$	77,531			$	2,292			$	75,239

* 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 10 "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, 2019																As of June 30, 2019
	CDT				GXS GER				GXS PHP				Total				CDT				GXS GER				GXS PHP				Total
Benefit obligation—beginning of period	$	35,836			$	26,739			$	6,904			$	69,479			$	32,651			$	25,382			$	3,853			$	61,886
Service cost	286				159				609				1,054				550				566				771				1,887
Interest cost	229				168				173				570				642				489				300				1,431
Benefits paid	(313		)		(472		)		(115		)		(900		)		(626		)		(996		)		(140		)		(1,762		)
Actuarial (gain) loss	90				(269		)		(559		)		(738		)		3,365				1,872				1,957				7,194
Foreign exchange (gain) loss	(907		)		(675		)		101				(1,481		)		(746		)		(574		)		163				(1,157		)
Benefit obligation—end of period	35,221				25,650				7,113				67,984				35,836				26,739				6,904				69,479
Less: Current portion	(700		)		(986		)		(93		)		(1,779		)		(675		)		(1,012		)		(124		)		(1,811		)
Non-current portion of benefit obligation	$	34,521			$	24,664			$	7,020			$	66,205			$	35,161			$	25,727			$	6,780			$	67,668

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,
	2019																2018
Pension expense:	CDT				GXS GER				GXS PHP				Total				CDT				GXS GER				GXS PHP				Total
Service cost	$	144			$	80			$	310			$	534			$	136			$	140			$	159			$	435
Interest cost	115				84				88				287				159				121				72				352
Amortization of actuarial (gains) and losses	235				61				(72		)		224				175				33				(139		)		69
Net pension expense	$	494			$	225			$	326			$	1,045			$	470			$	294			$	92			$	856

	Six Months Ended December 31,
	2019																2018
Pension expense:	CDT				GXS GER				GXS PHP				Total				CDT				GXS GER				GXS PHP				Total
Service cost	$	286			$	159			$	609			$	1,054			$	277			$	285			$	335			$	897
Interest cost	229				168				173				570				324				247				140				711
Amortization of actuarial (gains) and losses	469				122				(143		)		448				351				66				(279		)		138
Net pension expense	$	984			$	449			$	639			$	2,072			$	952			$	598			$	196			$	1,746

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, 2019 and June 30, 2019, respectively, we used the following weighted-average key assumptions:

	As of December 31, 2019						As of June 30, 2019
	CDT		GXS GER		GXS PHP		CDT		GXS GER		GXS PHP
Assumptions:
Salary increases	2.50%		2.50%		6.50%		2.50%		2.50%		6.50%
Pension increases	2.00%		2.00%		N/A		2.00%		2.00%		N/A
Discount rate	1.30%		1.30%		5.25%		1.32%		1.32%		5.00%
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
2020 (six months ended June 30)	$	331			$	493			$	31
2021	739				985				268
2022	810				1,017				266
2023	909				1,017				222
2024	1,014				1,023				278
2025 to 2029	5,851				5,171				2,890
Total	$	9,654			$	9,706			$	3,955

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 assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate.

+ 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=118255775&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=118255775&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=118255775&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=118255775&loc=d3e1928-114920

+ Details

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