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OTHER INCOME (EXPENSE), NET (Tables)
 12 Months Ended
Jun. 30, 2022
Other Income and Expenses [Abstract]  
Schedule of Other Income (Expense), Net
Year Ended June 30,
202220212020
Foreign exchange gains (losses)$(2,670)$(1,273)$(4,184)
OpenText share in net income of equity investees (1)
58,702 62,897 8,700 
Loss on debt extinguishment (2)
(27,413)— (17,854)
Other miscellaneous income (expense)499 (190)1,392 
Total other income (expense), net$29,118 $61,434 $(11,946)
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(1) Represents our share in net income of equity investees, which approximates fair value and subject to volatility based on market trends and business conditions, based on our interest in certain investment funds in which we are a limited partner. Our interests in each of these investees range from 4% to below 20% and these investments are accounted for using the equity method (see Note 9 “Prepaid Expenses and Other Assets” for more details).
(2)On December 9, 2021, we redeemed Senior Notes 2026 in full, which resulted in a loss on debt extinguishment of $27.4 million. Of this, $25.0 million related to the early termination call premium, $6.2 million related to unamortized debt issuance costs and ($3.8) million related to unamortized premium (see Note 11 “Long-Term Debt” for more details).