XML 73 R58.htm IDEA: XBRL DOCUMENT v3.21.2
Fair Value Measurements Fair Value Hierarchy (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Mar. 31, 2021
Reported Value Measurement [Member]          
Assets:          
Cash and cash equivalents $ 383,494   $ 383,494   $ 220,531
Forward and swap contracts [1] 1,145   1,145   57
Equity Securities, FV-NI [2] 9,949   9,949   10,301
Investments 2,643   2,643   2,665
Liabilities:          
Deferred compensation plans [2] 1,927   1,927   1,715
Long term debt 3,439,524   3,439,524   1,650,540
Contingent consideration obligations 19,969   19,969   19,642
Foreign Currency Contracts, Liability, Fair Value Disclosure [1] 57   57   367
Debt and Equity Securities, Gain (Loss) 213 $ 384 229 $ 74  
Contingent consideration obligations 19,969   19,969   19,642
Level 1          
Assets:          
Cash and cash equivalents 383,494   383,494   220,531
Forward and swap contracts 0   0   0
Equity Securities, FV-NI [2] 9,949   9,949   10,301
Investments 2,643   2,643   2,665
Liabilities:          
Deferred compensation plans [2] 1,927   1,927   1,715
Long term debt 0   0   0
Contingent consideration obligations 0   0   0
Foreign Currency Contracts, Liability, Fair Value Disclosure 0   0   0
Level 2          
Assets:          
Cash and cash equivalents 0   0   0
Forward and swap contracts [1] 1,145   1,145   57
Equity Securities, FV-NI 0   0   0
Investments 0   0   0
Liabilities:          
Deferred compensation plans 0   0   0
Long term debt 3,585,697   3,585,697   1,722,459
Contingent consideration obligations 0   0   0
Foreign Currency Contracts, Liability, Fair Value Disclosure [1] 57   57   367
Level 3          
Assets:          
Cash and cash equivalents 0   0   0
Forward and swap contracts 0   0   0
Equity Securities, FV-NI 0   0   0
Investments 0   0   0
Liabilities:          
Deferred compensation plans 0   0   0
Contingent consideration obligations [3] 19,969   19,969   19,642
Debt Instrument, Fair Value Disclosure 0   0   0
Foreign Currency Contracts, Liability, Fair Value Disclosure $ 0   $ 0   $ 0
[1] The fair values of forward and swap contracts are based on period-end forward rates and reflect the value of the amount that we would pay or receive for the contracts involving the same notional amounts and maturity dates.
[2] We maintain a frozen domestic non-qualified deferred compensation plan covering certain employees, which allows for the deferral of payment of previously earned compensation for an employee-specified term or until retirement or termination. Amounts deferred can be allocated to various hypothetical investment options (compensation deferrals have been frozen under the plan). We hold investments to satisfy the future obligations of the plan. Employees who made deferrals are entitled to receive distributions of their hypothetical account balances (amounts deferred, together with earnings (losses)). We also hold an investment in the common stock of Servizi Italia, S.p.A, a leading provider of integrated linen washing and outsourced sterile processing services to hospital Customers. Changes in the fair value of these investments are recorded in the "Interest income and miscellaneous expense line" of the Consolidated Statement of Income. During the second quarter and first half of fiscal 2022, we recorded losses of $213 and $229, respectively, related to these investments
[3] Contingent consideration obligations arise from business acquisitions. The fair values are based on discounted cash flow analyses reflecting the possible achievement of specified performance measures or events and captures the contractual nature of the contingencies, commercial risk, and the time value of money. Contingent consideration obligations are classified in the consolidated balance sheets as accrued expense (short-term) and other liabilities (long-term), as appropriate based on the contractual payment dates