XML 49 R32.htm IDEA: XBRL DOCUMENT v3.20.2
OTHER INCOME (EXPENSE), NET
 12 Months Ended
Jun. 30, 2020
Other Income and Expenses [Abstract]  
OTHER INCOME (EXPENSE), NET OTHER INCOME (EXPENSE), NET
 
Year Ended June 30,
 
2020
 
2019
 
2018
Foreign exchange gains (losses)
$
(4,184
)
 
$
(4,330
)
 
$
4,845

OpenText share in net income of equity investees (note 9)
8,700

 
13,668

 
5,965

Income from long-term other receivable
—

 
—

 
1,327

Gain on shares held in Guidance (1)
—

 
—

 
841

Gain from contractual settlement (2)
—

 
—

 
5,000

Loss on debt extinguishment (3)
(17,854
)
 
—

 
—

Other miscellaneous income (expense)
1,392

 
818

 
(5
)
Total other income (expense), net
$
(11,946
)
 
$
10,156

 
$
17,973

(1) Represents the release to income from other comprehensive income relating to the mark to market on shares we held in Guidance prior to our acquisition in the first fiscal quarter of Fiscal 2018.
(2) Represents a gain recognized in connection with the settlement of a certain breach of contractual arrangement in the second quarter of Fiscal 2018.
(3) On March 5, 2020 we redeemed Senior Notes 2023 in full, which resulted in a loss on extinguishment of debt of $17.9 million. Of this, $6.7 million is related to unamortized debt issuance costs and the remaining $11.2 million is related to the early termination call premium. See note 11 "Long-Term Debt".