XML 92 R30.htm IDEA: XBRL DOCUMENT v3.20.1
Other Income (Expense), Net
 9 Months Ended
Mar. 31, 2020
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
Other income (expense), net relates to certain non-operational charges primarily consisting of debt extinguishment costs, income or losses in our share of investments accounted for under the equity method and of transactional foreign exchange gains (losses). The income (expense) from foreign exchange is dependent upon the change in foreign currency exchange rates vis-à-
vis the functional currency of the legal entity.
 
Three Months Ended March 31,
 
Nine Months Ended March 31,
 
2020
 
2019
 
2020
 
2019
Foreign exchange gains (losses)
$
(5,766
)
 
$
2,033

 
$
(9,073
)
 
$
(4,124
)
OpenText share in net income of equity investees (note 9)
4,527

 
2,789

 
6,475

 
10,652

Loss on debt extinguishment (1)
(17,854
)
 
—

 
(17,854
)
 
—

Other miscellaneous income (expense)
170

 
243

 
716

 
437

Total other income (expense), net
$
(18,923
)
 
$
5,065

 
$
(19,736
)
 
$
6,965

(1) On March 5, 2020 we redeemed Senior Notes 2023 in full, which resulted in a loss on extinguishment of debt of approximately $17.9 million. Of this, approximately $6.7 million relates to unamortized debt issuance costs and the remaining $11.2 million relates to the early termination call premium. See note 11 "Long-Term Debt".