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EARNINGS (LOSS) PER SHARE | 6 Months Ended
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Dec. 31, 2021
Earnings Per Share [Abstract] |
EARNINGS (LOSS) PER SHARE | EARNINGS (LOSS) PER SHARE Basic earnings (loss) per share are computed by dividing net income (loss), attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings (loss) per share are computed by dividing net income (loss), attributable to OpenText, by the shares used in the calculation of basic earnings (loss) 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 (loss) per share if their effect is anti-dilutive. For periods in which we incur a net loss, our outstanding Common Share equivalents are not included in the calculation of diluted loss per share as their effect is anti-dilutive. Accordingly, basic and diluted net loss per share for those periods are identical.
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2021 |  | 2020 |  | 2021 |  | 2020
Basic earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) attributable to OpenText | $ | 88,298 |  |  | $ | (65,477) |  |  | $ | 220,213 |  |  | $ | 37,899 |
Basic earnings (loss) per share attributable to OpenText | $ | 0.32 |  |  | $ | (0.24) |  |  | $ | 0.81 |  |  | $ | 0.14 |
Diluted earnings (loss) per share |  |  |  |  |  |  |
Net income (loss) attributable to OpenText | $ | 88,298 |  |  | $ | (65,477) |  |  | $ | 220,213 |  |  | $ | 37,899 |
Diluted earnings (loss) per share attributable to OpenText | $ | 0.32 |  |  | $ | (0.24) |  |  | $ | 0.81 |  |  | $ | 0.14 |
Weighted-average number of shares outstanding (in '000's) |  |  |  |  |  |  |
Basic | 272,112 |  |  | 272,433 |  |  | 272,078 |  |  | 272,210 |
Effect of dilutive securities | 819 |  |  | — |  |  | 996 |  |  | 809 |
Diluted | 272,931 |  |  | 272,433 |  |  | 273,074 |  |  | 273,019 |
Excluded as anti-dilutive(1) | 3,108 |  |  | 9,549 |  |  | 2,845 |  |  | 5,762 |
(1) Represents options to purchase Common Shares excluded from the calculation of diluted earnings (loss) 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.

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