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PENSION PLANS AND OTHER POST RETIREMENT BENEFITS (Tables)

9 Months Ended

Mar. 31, 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 March 31, 2022 and June 30, 2021:

			As of March 31, 2022
			Total benefit obligation						Current portion of benefit obligation(1)						Non-current portion of benefit obligation
CDT defined benefit plan			$	27,158					$	867					$	26,291
GXS GER defined benefit plan			19,545						968						18,577
GXS PHP defined benefit plan			12,071						86						11,985
Other plans			20,126						615						19,511
Total			$	78,900					$	2,536					$	76,364

			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 Condensed 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 March 31, 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			273						126						1,420						1,819						473						206						1,822						2,501
Interest cost			326						232						457						1,015						505						364						469						1,338
Benefits paid			(625)						(743)						(183)						(1,551)						(800)						(1,027)						(19)						(1,846)
Actuarial (gain) loss			(3,110)						(2,072)						268						(4,914)						(1,976)						(1,118)						(1,853)						(4,947)
Foreign exchange (gain) loss			(2,571)						(1,859)						(864)						(5,294)						1,812						1,331						284						3,427
Benefit obligation—end of period			27,158						19,545						12,071						58,774						32,865						23,861						10,973						67,699
Less: Current portion			(867)						(968)						(86)						(1,921)						(880)						(1,058)						(42)						(1,980)
Non-current portion of benefit obligation			$	26,291					$	18,577					$	11,985					$	56,853					$	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:

			Three Months Ended March 31,
			2022																								2021
Pension expense:			CDT						GXS GER						GXS PHP						Total						CDT						GXS GER						GXS PHP						Total
Service cost			$	88					$	41					$	520					$	649					$	117					$	51					$	404					$	572
Interest cost			105						75						164						344						125						90						104						319
Amortization of actuarial (gains) losses			117						6						(22)						101						175						28						—						203
Net pension expense			$	310					$	122					$	662					$	1,094					$	417					$	169					$	508					$	1,094

			Nine Months Ended March 31,
			2022																								2021
Pension expense:			CDT						GXS GER						GXS PHP						Total						CDT						GXS GER						GXS PHP						Total
Service cost			$	273					$	126					$	1,420					$	1,819					$	354					$	155					$	1,245					$	1,754
Interest cost			326						232						457						1,015						378						272						299						949
Amortization of actuarial (gains) losses			363						18						(68)						313						529						85						—						614
Net pension expense			$	962					$	376					$	1,809					$	3,147					$	1,261					$	512					$	1,544					$	3,317

Weighted-Average Key Assumptions Used for CDT Pension Plan

In determining the fair value of the pension plan benefit obligations as of March 31, 2022 and June 30, 2021, respectively, we used the following weighted-average key assumptions:

			As of March 31, 2022																		As of June 30, 2021
			CDT						GXS GER						GXS PHP						CDT						GXS GER						GXS PHP
Assumptions:
Salary increases			1.50%						1.50%						6.00%						1.50%						1.50%						5.00%
Pension increases			1.50%						1.50%						N/A						1.50%						1.50%						N/A
Discount rate			2.10%						2.10%						5.50%						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
2022 (three months ended)			$	203					$	244					$	—
2023			886						965						116
2024			959						966						130
2025			1,002						989						175
2026			1,036						977						287
2027 to 2031			5,997						4,743						2,894
Total			$	10,083					$	8,884					$	3,602

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