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OTHER INCOME (EXPENSE), NET | 6 Months Ended
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Dec. 31, 2022
Other Income and Expenses [Abstract] |
OTHER INCOME (EXPENSE), NET | OTHER INCOME (EXPENSE), NET
| Three Months Ended December 31, |  | Six Months Ended December 31,
| 2022 |  | 2021 |  | 2022 |  | 2021
Foreign exchange gains (losses) | $ | 60 |  |  | $ | 192 |  |  | $ | (1,301) |  |  | $ | 543 |
Unrealized gains (losses) on derivatives not designated as hedges (1) | 171,607 |  |  | — |  |  | (9,854) |  |  | — |
OpenText share in net income of equity investees (2) | (289) |  |  | 2,042 |  |  | (6,823) |  |  | 31,357 |
Loss on debt extinguishment (3) (4) | (8,131) |  |  | (27,413) |  |  | (8,131) |  |  | (27,413) |
Other miscellaneous income (expense) | 102 |  |  | 142 |  |  | 227 |  |  | 258 |
Total other income (expense), net | $ | 163,349 |  |  | $ | (25,037) |  |  | $ | (25,882) |  |  | $ | 4,745 |
____________________________________ (1)Represents the unrealized gains (losses) on our derivatives not designated as hedges related to the financing of the Micro Focus Acquisition (see Note 17 “Derivative Instruments and Hedging Activities” for more details). (2)Represents our share in net income (losses) 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). (3)On December 1, 2022, we amended the Acquisition Term Loan and Bridge Loan to reallocate commitments under the Bridge Loan to the Acquisition Term Loan and terminated all remaining commitments under the Bridge Loan which resulted in a loss on debt extinguishment of $8.1 million related to unamortized debt issuance costs (see Note 11 “Long-Term Debt” for more details). (4)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 https://asc.fasb.org/extlink&oid=126953954&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 https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
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