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Business Acquisitions and Divestitures Business Acquisitions and Divestitures (Tables)
 6 Months Ended
Sep. 30, 2021
Business Acquisitions and Divestitures [Abstract]  
Consideration Paid [Table]
The total consideration for Cantel Common Stock and stock equivalents was $3,599,471. The consideration was comprised of the following:
(shares in thousands)
Cash consideration $16.93 per Cantel share (42,816 shares)
$716,412 
Cash consideration for fractional shares 14 
 STERIS plc ordinary shares (14,297 shares at 188.07 per share)
2,689,317 
Consideration related to Cantel equity compensation programs18,173 
Consideration related to equity component of Cantel convertible debt175,555 
Total purchase consideration$3,599,471 
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed
Cantel (1)
Cash$169,073 
Accounts receivable172,226 
Inventory271,132 
Property, plant and equipment227,783 
Lease right-of-use assets, net48,504 
Other assets65,837 
Intangible assets2,190,000 
Goodwill2,149,827 
Total assets acquired5,294,382 
Convertible debt, par value168,000 
Other current liabilities243,331 
Long-term lease obligations40,768 
Deferred income taxes, net521,528 
Long-term indebtedness 721,284 
Total liabilities assumed1,694,911 
Net assets acquired $3,599,471 
(1) Purchase price allocation is still preliminary as of September 30, 2021, as valuations have not been finalized.
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination
 
Total (1)
Useful Life
Customer relationships$2,060,000 10 years
Trade name130,000 10 years
Total intangible assets acquired$2,190,000 
(1) Amounts are preliminary as of September 30, 2021, as valuations have not been finalized.
Business Acquisition, Pro Forma Information The following unaudited pro forma information gives effect to our acquisition of Cantel as if the acquisition had occurred on April 1, 2020 and Cantel had been included in our consolidated results of operations for the three-month and six-month periods ended September 30, 2021 and 2020.
Three Months Ended September 30,Six Months Ended September 30
(unaudited)(unaudited)
 2021202020212020
Net revenues$1,196,985 $1,035,265 $2,370,504 $1,905,139 
Net income (loss) from continuing operations137,375 58,593 231,017 (62,106)