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Share-Based Compensation (Tables)

12 Months Ended

Mar. 31, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of Assumptions Used

The following weighted-average assumptions were used for options granted during fiscal 2023, fiscal 2022 and fiscal 2021:

						Fiscal 2023						Fiscal 2022						Fiscal 2021
Risk-free interest rate						2.44		%				1.10		%				0.46		%
Expected life of options						5.9 years						5.9 years						6.0 years
Expected dividend yield of stock						0.80		%				0.95		%				0.96		%
Expected volatility of stock						24.49		%				24.27		%				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						Average Remaining Contractual Term						Aggregate Intrinsic Value
Outstanding at March 31, 2022						1,560,954						$	138.37
Granted						235,435						247.45
Exercised						(37,732)						50.86
Forfeited						(8,928)						205.25
Outstanding at March 31, 2023						1,749,729						$	154.60					6.2 years						$	83,950
Exercisable at March 31, 2023						1,124,664						$	122.41					5.2 years						$	79,561

Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the non-vested restricted share and restricted 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, 2022						485,510						33,677						$	157.37
Granted						131,650						13,884						223.57
Vested						(148,828)						(16,335)						127.98
Forfeited						(17,539)						(2,684)						182.75
Non-vested at March 31, 2023						450,793						28,542						$	186.60

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, 2022												45,722						$	191.18
Granted												—						—
Vested												(25,470)						191.18
Forfeited												(4,582)						191.18
Non-vested at March 31, 2023												15,670						$	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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Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

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