Earnings Per Share

9 Months Ended

Mar. 31, 2020

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 March 31,				Nine Months Ended March 31,
	2020		2019		2020		2019
Basic earnings per share
Net income attributable to OpenText	$	25,965	$	72,762	$	207,833	$	213,518
Basic earnings per share attributable to OpenText	$	0.10	$	0.27	$	0.77	$	0.80
Diluted earnings per share
Net income attributable to OpenText	$	25,965	$	72,762	$	207,833	$	213,518
Diluted earnings per share attributable to OpenText	$	0.10	$	0.27	$	0.77	$	0.79
Weighted-average number of shares outstanding (in 000's)
Basic	271,221		268,991		270,559		268,511
Effect of dilutive securities	981		1,039		1,084		1,095
Diluted	272,202		270,030		271,643		269,606
Excluded as anti-dilutive⁽¹⁾	3,361		2,928		2,681		2,643

⁽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.