XML 52 R42.htm IDEA: XBRL DOCUMENT
v3.23.3

LEASES (Tables) | 3 Months Ended
--- | ---
Sep. 30, 2023
Leases [Abstract] |
Schedule of Assets And Liabilities, Lessee | The following illustrates the Condensed Consolidated Balance Sheets information related to leases:
|  | As of September 30, 2023 |  | As of June 30, 2023
Operating Leases | Balance Sheet Location |  |  |
Operating lease right of use assets | Operating lease right of use assets | $ | 266,053 |  |  | $ | 285,723 |
Operating lease liabilities (current) | Operating lease liabilities | $ | 90,418 |  |  | $ | 91,425 |
Operating lease liabilities (noncurrent) | Long-term operating lease liabilities | 252,629 |  |  | 271,579 |
Total operating lease liabilities |  | $ | 343,047 |  |  | $ | 363,004 |
Finance Leases |  |  |  |
Finance lease receivables (current) | Prepaid expenses and other current assets | $ | 5,492 |  |  | $ | 6,362 |
Finance lease receivables (noncurrent) | Other assets | 4,443 |  |  | 5,515 |
Total finance lease receivables |  | $ | 9,935 |  |  | $ | 11,877 |
Finance lease liabilities (current) | Accounts payable and accrued liabilities | $ | 4,992 |  |  | $ | 5,281 |
Finance lease liabilities (noncurrent) | Accrued liabilities | 4,437 |  |  | 5,500 |
Total finance lease liabilities |  | $ | 9,429 |  |  | $ | 10,781 |
Schedule of Lease Costs and Other Information | The weighted average remaining lease term and discount rate for the periods indicated below were as follows:
| As of September 30, 2023 |  | As of June 30, 2023
Weighted-average remaining lease term |  |  |
Operating leases | 5.49 years |  | 5.62 years
Finance leases | 2.22 years |  | 2.40 years
Weighted-average discount rate |  |  |
Operating leases | 4.7 | % |  | 4.66 | %
Finance leases | 5.58 | % |  | 5.60 | %
The following illustrates the various components of lease costs for the period indicated:
| Three Months Ended September 30,
| 2023 |  | 2022
Operating lease cost | $ | 23,740 |  |  | $ | 14,311 |
Short-term lease cost | 1,155 |  |  | 387 |
Variable lease cost | 1,135 |  |  | 579 |
Sublease income | (3,338) |  |  | (2,912) |
Total lease cost | $ | 22,692 |  |  | $ | 12,365 |
The following table presents supplemental information relating to cash flows arising from lease transactions. Cash payments made for variable lease costs and short-term leases are not included in the measurement of lease liabilities, and, as such, are excluded from the amounts below:
| Three Months Ended September 30,
| 2023 |  | 2022
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating leases | $ | 27,699 |  |  | $ | 17,740 |
Finance leases | $ | 1,486 |  |  | $ | — |
Right of use assets obtained in exchange for new lease liabilities: |  |  |
Operating leases | $ | 7,045 |  |  | $ | 22,467 |
Schedule of Maturity of Lease Liabilities | The following table presents the future minimum lease payments under our leases liabilities as of September 30, 2023:
Fiscal years ending June 30, | Operating Leases |  | Finance Leases
2024 (nine months ended) | $ | 79,726 |  |  | $ | 4,232 |
2025 | 84,518 |  |  | 3,363 |
2026 | 62,278 |  |  | 1,937 |
2027 | 50,684 |  |  | 459 |
2028 | 39,505 |  |  | — |
Thereafter | 70,926 |  |  | — |
Total lease payments | $ | 387,637 |  |  | $ | 9,991 |
Less: Imputed interest | (44,590) |  |  | (562) |
Total | $ | 343,047 |  |  | $ | 9,429 |

X
- Definition Assets And Liabilities, Lessee + References No definition available. + Details
Name: | otex_AssetsAndLiabilitiesLesseeTableTextBlock
Namespace Prefix: | otex_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-4 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_LeasesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of undiscounted cash flows of lessee's operating lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to operating lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org//1943274/2147478964/842-20-50-6 + Details
Name: | us-gaap_LesseeOperatingLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration