EARNINGS PER SHARE

12 Months Ended

Jun. 30, 2020

Basic earnings per share are computed by dividing net income, attributable to OpenText, by the weighted average number of Common Shares outstanding during the period. Diluted earnings per share are computed by dividing net income, attributable to OpenText, by the shares used in the calculation of basic earnings per share plus the dilutive effect of Common Share equivalents, such as stock options, using the treasury stock method. Common Share equivalents are excluded from the computation of diluted earnings per share if their effect is anti-dilutive.



	Year Ended June 30,
	2020		2019		2018
Basic earnings per share
Net income attributable to OpenText	$	234,225	$	285,501	$	242,224
Basic earnings per share attributable to OpenText	$	0.86	$	1.06	$	0.91
Diluted earnings per share
Net income attributable to OpenText	$	234,225	$	285,501	$	242,224
Diluted earnings per share attributable to OpenText	$	0.86	$	1.06	$	0.91
Weighted-average number of shares outstanding (in 000's)
Basic	270,847		268,784		266,085
Effect of dilutive securities	970		1,124		1,407
Diluted	271,817		269,908		267,492
Excluded as anti-dilutive⁽¹⁾	3,001		2,759		2,770

⁽¹⁾ Represents options to purchase Common Shares excluded from the calculation of diluted earnings per share because the exercise price of the stock options was greater than or equal to the average price of the Common Shares during the period.