Share-Based Compensation Share-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2022

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 2023 and 2022:

	Fiscal 2023		Fiscal 2022
Risk-free interest rate	2.44	%	1.16	%
Expected life of options	5.9 years		5.9 years
Expected dividend yield of stock	0.80	%	0.97	%
Expected volatility of stock	24.49	%	24.37	%

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, 2022	1,560,954	$	138.37
Granted	235,435	247.45
Exercised	(24,408)	50.99
Forfeited	(8,928)	205.25
Outstanding at September 30, 2022	1,763,053	$	153.81	6.7 years	$	58,929
Exercisable at September 30, 2022	1,118,754	$	119.95	5.6 years	$	57,462

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, 2022	485,510	33,677	$	157.37
Granted	124,558	13,030	226.03
Vested	(138,099)	(13,101)	125.48
Forfeited	(12,750)	(1,246)	179.57
Non-vested at September 30, 2022	459,219	32,360	$	185.84

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	(2,729)	191.18
Forfeited	(3,738)	191.18
Non-vested at September 30, 2022	39,255	$	191.18