Fair Value Measurements (Tables)

12 Months Ended

Mar. 31, 2022

Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]

Fair Value, Measurement Inputs, Disclosure [Table Text Block]

The following table shows the fair value of our financial assets and liabilities at March 31, 2022 and March 31, 2021:

					Fair Value Measurements
At March 31,	Carrying Value				Quoted Prices in Active Markets for Identical Assets				Significant Other Observable Inputs				Significant Unobservable Inputs
					Level 1				Level 2				Level 3
	2022		2021		2022		2021		2022		2021		2022		2021
Assets:
Cash and cash equivalents	$	348,320	$	220,531	$	348,320	$	220,531	$	—	$	—	$	—	$	—
Forward and swap contracts (1)	2,780		57		—		—		2,780		57		—		—
Equity investments (2)	8,520		10,301		8,520		10,301		—		—		—		—
Other investments	2,272		2,665		2,272		2,665		—		—		—		—
Liabilities:
Forward and swap contracts (1)	$	198	$	367	$	—	$	—	$	198	$	367	$	—	$	—
Deferred compensation plans (2)	1,240		1,715		1,240		1,715		—		—		—		—
Total debt (3)	3,088,356		1,650,540		—		—		2,991,680		1,722,459		—		—
Contingent consideration obligations (4)	10,550		19,642		—		—		—		—		10,550		19,642

(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 allowed 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 fiscal 2022 and fiscal 2021, we recorded (losses) gains of $(775) and $594, respectively, related to these investments.

(3) We estimate the fair value of our debt using discounted cash flow analyses, based on our current incremental borrowing rates for similar types of borrowing arrangements. The fair values of our Senior Public Notes are estimated using quoted market prices for the publicly registered Senior Notes.

(4) Contingent consideration obligations arise from prior 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.

Fair Value, by Balance Sheet Grouping [Table Text Block]

The changes in Level 3 assets and liabilities measured at fair value on a recurring basis are summarized as follows:

	Contingent Consideration
Balance at March 31, 2020	$	15,988
Additions	3,486
Payments	(984)
Reductions and adjustments	1,175
Foreign currency translation adjustments	(23)
Balance at March 31, 2021	$	19,642
Liabilities assumed in acquisition of Cantel	25,000
Additions	601
Payments	(32,336)
Adjustments	(2,350)
Foreign currency translation adjustments	(7)
Balance at March 31, 2022	$	10,550