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ACQUISITIONS (Tables) | 9 Months Ended
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Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract] |
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed | The recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of January 31, 2023, are set forth below:
Current assets (inclusive of cash acquired of $542.2 million) | $ | 1,231,719 |
Non-current tangible assets | 440,771 |
Intangible customer assets | 2,117,600 |
Intangible technology assets | 1,380,600 |
Liabilities assumed | (2,430,783) |
Total identifiable net assets | 2,739,907 |
Goodwill | 3,507,075 |
Net assets acquired | $ | 6,246,982 |
The recognized amounts of identifiable assets acquired and liabilities assumed, based on their fair values as of December 23, 2021, are set forth below:
Current assets (inclusive of cash acquired of $38.3 million) | $ | 71,527 |
Non-current tangible assets | 13,450 |
Intangible customer assets | 212,400 |
Intangible technology assets | 92,650 |
Liabilities assumed | (81,476) |
Total identifiable net assets | 308,551 |
Goodwill | 585,910 |
Net assets acquired | $ | 894,461 |
Schedule of Micro Focus’ Revenues and Net Loss | The amount of Micro Focus’ revenues and net loss included in our Condensed Consolidated Statements of Income for the three and nine months ended March 31, 2023 is set forth below:
| February 1, 2023 – March 31, 2023
Revenues | $ | 374,414 |
Net Loss (1) | $ | (29,795) |
______________________ (1)Net loss for the three and nine months ended includes one-time fees of approximately $39.9 million, respectively, on account of special charges and $43.6 million, respectively, of amortization charges relating to intangible assets.
Schedule of Unaudited Pro Forma Information | The unaudited pro forma revenues and net income of the combined entity for the three and nine months ended March 31, 2023 and 2022, respectively, had the Micro Focus Acquisition been consummated on July 1, 2021, are set forth below:
| Three Months Ended March 31, |  | Nine Months Ended March 31,
Supplemental Unaudited Pro Forma Information | 2023 |  | 2022 |  | 2023 |  | 2022
Revenues | $ | 1,456,893 |  |  | $ | 1,480,505 |  |  | $ | 4,442,276 |  |  | $ | 4,729,591 |
Net income (loss) (1) | (853) |  |  | (44,366) |  |  | (450,690) |  |  | 105,286 |
Net income (loss) attributable to OpenText (1) | (910) |  |  | (44,407) |  |  | (450,828) |  |  | 105,156 |
______________________ (1)Included in the pro forma net loss for the nine months ended March 31, 2023, is a $448.2 million goodwill impairment recorded by Micro Focus in its pre-acquisition historical results as a result of the Company’s offer to acquire Micro Focus at a price of 532 pence per share.

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- Definition Tabular disclosure of the nature and amount of any material, nonrecurring adjustments directly attributable to the business combination(s) included in the reported pro forma revenue and earnings (supplemental pro forma information). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(4) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of pro forma results of operations for a material business acquisition or series of individually immaterial business acquisitions that are material in the aggregate. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(2) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(3) -URI https://asc.fasb.org/extlink&oid=79982066&loc=d3e1392-128463 + Details
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- Definition Tabular disclosure of the amounts recognized as of the acquisition date for each major class of assets acquired and liabilities assumed. May include but not limited to the following: (a) acquired receivables; (b) contingencies recognized at the acquisition date; and (c) the fair value of noncontrolling interests in the acquiree. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=128092470&loc=d3e4845-128472 + Details
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