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PENSION PLANS AND OTHER POST RETIREMENT BENEFITS (Tables)

12 Months Ended

Jun. 30, 2022

Retirement Benefits [Abstract]

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 June 30, 2022 and 2021:

			As of June 30, 2022
			Total benefit obligation						Current portion of benefit obligation(1)						Non-current portion of benefit obligation
CDT defined benefit plan			$	24,562					$	907					$	23,655
GXS GER defined benefit plan			15,927						915						15,012
GXS PHP defined benefit plan			9,802						85						9,717
Other plans			13,189						622						12,567
Total			$	63,480					$	2,529					$	60,951

			As of June 30, 2021
			Total benefit obligation						Current portion of benefit obligation(1)						Non-current portion of benefit obligation
CDT defined benefit plan			$	32,865					$	880					$	31,985
GXS GER defined benefit plan			23,861						1,058						22,803
GXS PHP defined benefit plan			10,973						42						10,931
Other plans			9,594						802						8,792
Total			$	77,293					$	2,782					$	74,511

____________________________

(1) The current portion of the benefit obligation has been included within “Accrued salaries, incentives and commissions”, all within “Accounts payable and accrued liabilities” in the Consolidated Balance Sheets (see Note 10 “Accounts Payable and Accrued Liabilities”).

Changes in 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 June 30, 2022																								As of June 30, 2021
			CDT						GXS GER						GXS PHP						Total						CDT						GXS GER						GXS PHP						Total
Benefit obligation—beginning of fiscal year			$	32,865					$	23,861					$	10,973					$	67,699					$	32,851					$	24,105					$	10,270					$	67,226
Service cost			357						165						1,869						2,391						473						206						1,822						2,501
Interest cost			427						304						616						1,347						505						364						469						1,338
Benefits paid			(830)						(969)						(253)						(2,052)						(800)						(1,027)						(19)						(1,846)
Actuarial (gain) loss			(4,497)						(4,718)						(2,026)						(11,241)						(1,976)						(1,118)						(1,853)						(4,947)
Foreign exchange (gain) loss			(3,760)						(2,716)						(1,377)						(7,853)						1,812						1,331						284						3,427
Benefit obligation—end of period			24,562						15,927						9,802						50,291						32,865						23,861						10,973						67,699
Less: Current portion			(907)						(915)						(85)						(1,907)						(880)						(1,058)						(42)						(1,980)
Non-current portion of benefit obligation			$	23,655					$	15,012					$	9,717					$	48,384					$	31,985					$	22,803					$	10,931					$	65,719

Components of Net Pension Expense for Pension Plan

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

			Year Ended June 30,
			2022																								2021																								2020
Pension expense:			CDT						GXS GER						GXS PHP						Total						CDT						GXS GER						GXS PHP						Total						CDT						GXS GER						GXS PHP						Total
Service cost			$	357					$	165					$	1,869					$	2,391					$	473					$	206					$	1,822					$	2,501					$	572					$	319					$	1,247					$	2,138
Interest cost			427						304						616						1,347						505						364						469						1,338						459						337						368						1,164
Amortization of actuarial (gains) losses			475						24						(89)						410						705						113						(1)						817						939						244						(288)						895
Net pension expense			$	1,259					$	493					$	2,396					$	4,148					$	1,683					$	683					$	2,290					$	4,656					$	1,970					$	900					$	1,327					$	4,197

Weighted-Average Key Assumptions Used for CDT Pension Plan

In determining the fair value of the pension plan benefit obligations as of June 30, 2022 and 2021, respectively, we used the following weighted-average key assumptions:

			As of June 30, 2022																		As of June 30, 2021
			CDT						GXS GER						GXS PHP						CDT						GXS GER						GXS PHP
Assumptions:
Salary increases			2.20%						1.50%						6.00%						1.50%						1.50%						5.00%
Pension increases			2.20%						1.50%						N/A						1.50%						1.50%						N/A
Discount rate			3.39%						3.29%						6.50%						1.39%						1.39%						5.00%
Normal retirement age			65-67						65-67						60						65-67						65-67						60
Employee fluctuation rate:
to age 20			—%						—%						13.98%						—%						—%						13.98%
to age 25			—%						—%						7.10%						—%						—%						7.10%
to age 30			1.00%						—%						3.00%						1.00%						—%						3.00%
to age 35			0.50%						—%						2.44%						0.50%						—%						2.44%
to age 40			—%						—%						2.59%						—%						—%						2.59%
to age 45			0.50%						—%						1.15%						0.50%						—%						1.15%
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
2023			$	907					$	915					$	85
2024			942						937						122
2025			990						926						170
2026			1,030						920						179
2027			1,078						911						544
2028 to 2032			6,464						22,047						2,740
Total			$	11,411					$	26,656					$	3,840

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