XML 65 R55.htm IDEA: XBRL DOCUMENT v3.22.4

OTHER INCOME (EXPENSE), NET (Tables)

6 Months Ended

Dec. 31, 2022

Other Income and Expenses [Abstract]

Schedule of 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).

X

- References

No definition available.

+ Details

Name:	us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration