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Share-Based Compensation Share-Based Compensation (Tables)

6 Months Ended

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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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.

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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.

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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.

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