XML 21 R53.htm IDEA: XBRL DOCUMENT v2.4.0.8
Acquisitions (Details 5) (USD $)
0 Months Ended 3 Months Ended 12 Months Ended 0 Months Ended 1 Months Ended 12 Months Ended 24 Months Ended 12 Months Ended 0 Months Ended
Jul. 12, 2013
Jul. 31, 2013
Apr. 30, 2013
Jan. 31, 2013
Oct. 31, 2012
Jul. 31, 2012
Apr. 30, 2012
Jan. 31, 2012
Oct. 31, 2011
Jul. 31, 2013
Jul. 31, 2012
Jul. 31, 2011
Jul. 31, 2013
Endoscopy
Jul. 31, 2012
Endoscopy
Jul. 31, 2011
Endoscopy
Aug. 02, 2011
Second Amended and Restated Credit Agreement
Aug. 02, 2011
BMI
Medivators subsidiary
item
Dec. 31, 2011
BMI
Medivators subsidiary
Jul. 31, 2013
BMI
Medivators subsidiary
Jul. 31, 2012
BMI
Medivators subsidiary
Dec. 31, 2010
BMI
Medivators subsidiary
Jul. 31, 2012
BMI
Medivators subsidiary
Jan. 31, 2013
BMI
Medivators subsidiary
Jul. 29, 2011
BMI
Medivators subsidiary
Jul. 31, 2012
BMI
Medivators subsidiary
General administrative expenses
Jul. 31, 2011
BMI
Medivators subsidiary
General administrative expenses
Aug. 02, 2011
BMI
Medivators subsidiary
Customer relationships
Aug. 02, 2011
BMI
Medivators subsidiary
Brand name
Aug. 02, 2011
BMI
Medivators subsidiary
Technology
Aug. 02, 2011
BMI
Medivators subsidiary
Non-compete agreement
Aug. 02, 2011
BMI
Medivators subsidiary
Minimum
Aug. 02, 2011
BMI
Medivators subsidiary
Maximum
Aug. 02, 2011
BMI
Medivators subsidiary
Purchase of land and buildings from Byrne Investments LLC
Acquisitions                                                                  
Estimated acquisition-related costs                                           $ 1,099,000     $ 626,000 $ 473,000              
Aggregate purchase price                                   99,361,000                              
Reduction in goodwill resulting from net asset value adjustment                                   639,000                              
Portion of purchase price paid in cash                                   89,361,000                              
Portion of purchase price paid in shares                                 10,000,000                                
Price floor period                                 3 years                                
Stock split ratio 1.5                               1.5                                
Stock consideration (in shares)                                 902,528                                
Closing share price of Cantel to determine stock consideration (in dollars per share)                                               $ 11.08                  
Potential cash contingent consideration payable                                 10,000,000                                
Period over which potential cash contingent consideration is payable                                 2 years                                
Purchase price                                                                 5,900,000
Change in fair value of contingent consideration liability                                     1,500,000 1,200,000                          
Contingent consideration                                             0                    
Aggregate value of the stock consideration threshold                                 10,000,000                                
Change in fair value of price floor liability                                     992,000 1,963,000                          
Price floor liability                                     45,000                            
Lock-up period prohibiting sellers from trading Cantel common stock                                                             3 years 4 years  
Fair value of shares                                 7,640,000                                
Portion of fair value of shares determined as stock-based compensation expense                                 330,000                                
Components of the purchase price                                                                  
Cash (including purchase of buildings)                                 95,261,000                                
Fair value of the multi-year lock-up of Cantel common stock                                 7,310,000                                
Consideration for the transaction                                 102,571,000                                
Price floor                                 3,000,000                                
Contingent consideration                                 2,700,000                                
Total purchase price recorded                                 108,271,000                                
Credit facility entered in conjunction with the acquisition and impending expiration of existing credit facility                               150,000,000                                  
Net Assets                                                                  
Accounts receivable                                 4,303,000                                
Inventory                                 4,581,000                                
Other assets                                 588,000                                
Property, plant and equipment                                 10,074,000                                
Amortizable intangible assets                                                     25,300,000 2,200,000 11,900,000 2,000,000      
Other assets, Noncurrent                                 105,000                                
Current liabilities                                 (2,277,000)                                
Other liabilities                                 (85,000)                                
Net assets acquired                                 58,689,000                                
Amortizable intangible assets, useful life                                 13 years                   15 years 10 years 8 years 14 years      
Number of in-process research and development projects acquired                                 0                                
Goodwill deductible for income tax purposes                                 49,582,000                                
Period for income tax deduction                                 15 years                                
Revenues generated by acquiree in latest fiscal year before the business acquisition                                         34,293,000                        
Gross profit generated by acquiree in latest audited fiscal year before the business acquisition                                         21,991,000                        
Condensed Consolidated Financial Statements:                                                                  
Net sales   $ 113,973,000 $ 105,009,000 $ 106,363,000 $ 99,681,000 $ 98,693,000 $ 97,238,000 $ 97,297,000 $ 93,262,000 $ 425,026,000 $ 386,490,000 $ 321,651,000 $ 160,317,000 $ 153,224,000 $ 102,484,000