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OTHER INCOME (EXPENSE), NET | 9 Months Ended
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Mar. 31, 2022
Other Income and Expenses [Abstract] |
OTHER INCOME (EXPENSE), NET | OTHER INCOME (EXPENSE), NET
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Foreign exchange gains (losses) | $ | (3,443) |  |  | $ | (3,248) |  |  | $ | (2,900) |  |  | $ | (3,258) |
OpenText share in net income of equity investees (1) | 27,746 |  |  | 11,765 |  |  | 59,103 |  |  | 20,020 |
Loss on debt extinguishment (2) | — |  |  | — |  |  | (27,413) |  |  | — |
Other miscellaneous income (expense) | 89 |  |  | (234) |  |  | 347 |  |  | (345) |
Total other income (expense), net | $ | 24,392 |  |  | $ | 8,283 |  |  | $ | 29,137 |  |  | $ | 16,417 |
(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).

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- Definition The entire disclosure for the components of non-operating income or non-operating expense, including, but not limited to, amounts earned from dividends, interest on securities, gain (loss) on securities sold, equity earnings of unconsolidated affiliates, gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(7)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(9)) -URI http://asc.fasb.org/extlink&oid=123367319&loc=SL114868664-224227 + Details
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