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Share-Based Compensation Share-Based Compensation (Tables) | 6 Months Ended
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Sep. 30, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of Assumptions Used | The following weighted-average assumptions were used for options granted during the first six months of fiscal 2022 and 2021:
|  | Fiscal 2022 |  | Fiscal 2021
Risk-free interest rate |  | 1.16 | % |  | 0.46 | %
Expected life of options |  | 5.9 years |  | 6.0 years
Expected dividend yield of stock |  | 0.97 | % |  | 0.96 | %
Expected volatility of stock |  | 24.37 | % |  | 23.04 | %
Schedule of Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding | A summary of share option activity is as follows:
|  | Number of Options |  | Weighted Average Exercise Price Per Share |  | Average Remaining Contractual Term |  | Aggregate Intrinsic Value
Outstanding at March 31, 2021 |  | 1,637,047 |  |  | $ | 112.03 |  |  |  |  |
Granted |  | 214,734 |  |  | 210.79 |  |  |  |  |
Exercised |  | (112,199) |  |  | 68.78 |  |  |  |  |
Forfeited |  | — |  |  | — |  |  |  |  |
Outstanding at September 30, 2021 |  | 1,739,582 |  |  | $ | 127.01 |  |  | 6.7 years |  | $ | 135,815 |
Exercisable at September 30, 2021 |  | 1,094,684 |  |  | $ | 99.58 |  |  | 5.7 years |  | $ | 114,798 |
Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest | A summary of the non-vested restricted share and share unit activity is presented below:
|  | Number of Restricted Shares |  | Number of Restricted Share Units |  | Weighted-Average Grant Date Fair Value
Non-vested at March 31, 2021 |  | 533,323 |  |  | 29,500 |  |  | $ | 121.35 |
Granted |  | 112,036 |  |  | 14,189 |  |  | 192.85 |
Vested |  | (170,619) |  |  | (15,534) |  |  | 96.19 |
Forfeited |  | (8,425) |  |  | (430) |  |  | 153.97 |
Non-vested at September 30, 2021 |  | 466,315 |  |  | 27,725 |  |  | $ | 148.57 |
Share-based Payment Arrangement, Activity | A summary of the non-vested restricted share units activity associated with the Cantel share-based compensation plans is presented below:
|  |  |  | Number of Restricted Share Units |  | Weighted-Average Grant Date Fair Value
Non-vested at March 31, 2021 |  |  |  | — |  |  | $ | — |
Granted |  |  |  | 280,402 |  |  | $ | 191.18 |
Vested |  |  |  | (157,821) |  |  | 191.18 |
Forfeited |  |  |  | (3,380) |  |  | 191.18 |
Non-vested at September 30, 2021 |  |  |  | 119,201 |  |  | $ | 191.18 |

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- Definition Tabular disclosure of assumption used to determine benefit obligation and net periodic benefit cost of defined benefit plan. Includes, but is not limited to, discount rate, rate of compensation increase, expected long-term rate of return on plan assets and interest crediting rate. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (k) -URI http://asc.fasb.org/extlink&oid=123447040&loc=d3e1928-114920 + Details
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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding options that are fully vested and expected to vest. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of number, weighted-average exercise price or conversion ratio, aggregate intrinsic value, and weighted-average remaining contractual term for outstanding restricted stock units that are fully vested and expected to vest. Includes, but is not limited to, unvested restricted stock units for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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