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Document Detail:
Form 10-Q
(3-31-2009)
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Statement of Income (Including Gross Margin) (Unaudited, USD $)
(in Thousands, except per share data)
3 Months Ended 9 Months Ended
Mar. 31, 2009
Mar. 31, 2008
Mar. 31, 2009
Mar. 31, 2008
Licenses revenue
Customer support revenue
Service and other (Revenues [Abstract])
Total revenues
Cost of revenues: License
Cost of revenues: Customer support
Service and other (Cost of Revenue [Abstract])
Cost of revenues: Amortization of acquired technology intangible assets
Total cost of revenues
Gross profit
Research and development expense
Sales and marketing expense
General and administrative expense
Depreciation
Amortization of acquired customer-based intangible assets
Special charges (recoveries)
Total operating expenses

Income from operations
Other income (expense), net
Interest income (expense), net
Income before income taxes
Provision for income taxes
Net income before minority interest
Minority interest
Net income for the period
Net income per share - basic
Net income per share - diluted
Weighted average number of Common Shares outstanding - basic
Weighted average number of Common Shares outstanding - diluted

Statement of Financial Position, Classified (Unaudited, USD $)
(in Thousands, except per share data)
Mar. 31, 2009
Jun. 30, 2008
Cash and cash equivalents
Accounts Receivable trade, net of allowance for doubtful accounts of $3,784 as of March 31, 2009 and $3,974 as of June 30, 2008
Inventory
Income taxes recoverable
Prepaid expenses and other current assets
Deferred tax assets
Total current assets
Investments in marketable securities
Capital assets
Goodwill
Acquired intangible assets
Deferred tax assets
Other assets
Long-term income taxes recoverable
Total Assets

Accounts payable and accrued liabilities
Current portion of long-term debt
Deferred revenues
Income taxes payable
Deferred tax liabilities
Total current liabilities
Accrued liabilities
Pension liability
Long-term debt
Deferred revenues
Long-term income taxes payable
Deferred tax liabilities
Total long-term liabilities

Minority interest
Share Capital
Additional paid-in capital
Accumulated other comprehensive income
Retained earnings (deficit)
Total shareholders' equity
Total Liabilities and Shareholders' Equity

Statement of Cash Flows (Unaudited, USD $)
(in Thousands, except per share data)
9 Months Ended
Mar. 31, 2009
Mar. 31, 2008
Net Income (Loss)
Depreciation and amortization
In-process research and development
Share-based compensation expense
Employee long-term incentive plan
Excess tax benefits from share-based compensation
Undistributed earnings related to minority interest
Pension Expense
Amortization of debt issuance costs
Unrealized (gain) loss on financial instruments
Loss on sale and write down of capital assets
Deferred taxes
Accounts receivable
Inventory
Prepaid expenses and other current assets
Income taxes
Accounts payable and accrued liabilities
Deferred revenue
Other assets
Net cash provided by operating activities

Acquisition of capital assets
Purchase of a division of Spicer Corporation
Purchase of eMotion LLC, net of cash acquired
Purchase of Captaris Inc., net of cash acquired
Additional purchase consideration for prior period acquisitions
Purchase of an asset group constituting a business
Investments in marketable securities
Acquisition related costs
Net cash used in investment activities

Excess tax benefits on share-based compensation expense
Proceeds from issuance of common stock
Repayment of long-term debt
Debt issuance costs
Net cash provided by (used in) financing activities

Foreign exchange gain (loss) on cash held in foreign currencies
Cash and Cash Equivalents, Period Increase (Decrease)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance
Cash and Cash Equivalents, at Carrying Value, Ending Balance

Document Information (Unaudited, USD $)
(in Millions, except per share data)
9 Months Ended
Mar. 31, 2009
Document Type
10-Q
Amendment Flag
false
Amendment Description
None
Document Period End Date
2009-03-31

Entity Information (Unaudited, USD $)
(in Millions, except per share data)
9 Months Ended
Mar. 31, 2009
Entity Registrant Name
Open Text Corporation
Entity Central Index Key
0001002638
Current Fiscal Year End Date
--06-30
Entity Well-known Seasoned Issuer
Yes
Entity Voluntary Filers
No
Entity Current Reporting Status
Yes
Entity Filer Category
Large Accelerated Filer
Entity Common Stock, Shares Outstanding

Statement of Income (Including Gross Margin)

Statement of Income (Including Gross Margin) (Unaudited, USD $)
(in Thousands, except per share data)
3 Months Ended 9 Months Ended
Mar. 31, 2009
Mar. 31, 2008
Mar. 31, 2009
Mar. 31, 2008
Licenses revenue
Customer support revenue
Service and other (Revenues [Abstract])
Total revenues
Cost of revenues: License
Cost of revenues: Customer support
Service and other (Cost of Revenue [Abstract])
Cost of revenues: Amortization of acquired technology intangible assets
Total cost of revenues
Gross profit
Research and development expense
Sales and marketing expense
General and administrative expense
Depreciation
Amortization of acquired customer-based intangible assets
Special charges (recoveries)
Total operating expenses

Income from operations
Other income (expense), net
Interest income (expense), net
Income before income taxes
Provision for income taxes
Net income before minority interest
Minority interest
Net income for the period
Net income per share - basic
Net income per share - diluted
Weighted average number of Common Shares outstanding - basic
Weighted average number of Common Shares outstanding - diluted
Statement of Financial Position, Classified
Statement of Financial Position, Classified (Unaudited, USD $)
(in Thousands, except per share data)
Mar. 31, 2009
Jun. 30, 2008
Cash and cash equivalents
Accounts Receivable trade, net of allowance for doubtful accounts of $3,784 as of March 31, 2009 and $3,974 as of June 30, 2008
Inventory
Income taxes recoverable
Prepaid expenses and other current assets
Deferred tax assets
Total current assets
Investments in marketable securities
Capital assets
Goodwill
Acquired intangible assets
Deferred tax assets
Other assets
Long-term income taxes recoverable
Total Assets

Accounts payable and accrued liabilities
Current portion of long-term debt
Deferred revenues
Income taxes payable
Deferred tax liabilities
Total current liabilities
Accrued liabilities
Pension liability
Long-term debt
Deferred revenues
Long-term income taxes payable
Deferred tax liabilities
Total long-term liabilities

Minority interest
Share Capital
Additional paid-in capital
Accumulated other comprehensive income
Retained earnings (deficit)
Total shareholders' equity
Total Liabilities and Shareholders' Equity
Statement of Cash Flows
Statement of Cash Flows (Unaudited, USD $)
(in Thousands, except per share data)
9 Months Ended
Mar. 31, 2009
Mar. 31, 2008
Net Income (Loss)
Depreciation and amortization
In-process research and development
Share-based compensation expense
Employee long-term incentive plan
Excess tax benefits from share-based compensation
Undistributed earnings related to minority interest
Pension Expense
Amortization of debt issuance costs
Unrealized (gain) loss on financial instruments
Loss on sale and write down of capital assets
Deferred taxes
Accounts receivable
Inventory
Prepaid expenses and other current assets
Income taxes
Accounts payable and accrued liabilities
Deferred revenue
Other assets
Net cash provided by operating activities

Acquisition of capital assets
Purchase of a division of Spicer Corporation
Purchase of eMotion LLC, net of cash acquired
Purchase of Captaris Inc., net of cash acquired
Additional purchase consideration for prior period acquisitions
Purchase of an asset group constituting a business
Investments in marketable securities
Acquisition related costs
Net cash used in investment activities

Excess tax benefits on share-based compensation expense
Proceeds from issuance of common stock
Repayment of long-term debt
Debt issuance costs
Net cash provided by (used in) financing activities

Foreign exchange gain (loss) on cash held in foreign currencies
Cash and Cash Equivalents, Period Increase (Decrease)
Cash and Cash Equivalents, at Carrying Value, Beginning Balance
Cash and Cash Equivalents, at Carrying Value, Ending Balance
Document Information
Document Information (Unaudited, USD $)
(in Millions, except per share data)
9 Months Ended
Mar. 31, 2009
Document Type
10-Q
Amendment Flag
false
Amendment Description
None
Document Period End Date
2009-03-31
Entity Information
Entity Information (Unaudited, USD $)
(in Millions, except per share data)
9 Months Ended
Mar. 31, 2009
Entity Registrant Name
Open Text Corporation
Entity Central Index Key
0001002638
Current Fiscal Year End Date
--06-30
Entity Well-known Seasoned Issuer
Yes
Entity Voluntary Filers
No
Entity Current Reporting Status
Yes
Entity Filer Category
Large Accelerated Filer
Entity Common Stock, Shares Outstanding

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