Pay vs Performance Disclosure - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2021
Pay vs Performance Disclosure [Table]      
Pay vs Performance [Table Text Block]
Pay Versus
P
erform
a
n
c
e
We are providing the following information about the relationship between “compensation actually paid” to our named executive officers and certain financial performance as required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation
S-K.
Please see the Compensation Discussion and Analysis on page 44 for additional information regarding our executive compensation program.
 
PAY VERSUS PERFORMANCE(1)
 
                   
Year
(a)
 
Summary
Compen-
sation
Table
(“SCT”)
Total for
PEO
(Carestio)
(b)
   
SCT Total for
PEO
(Rosebrough)
(b)
   
Compensation
Actually Paid
to PEO

(Carestio)
(c)(2)
   
Compensation
Actually Paid
to PEO

(Rosebrough)
(c)(2)
   
Average
SCT Total
for
Non-PEO

Named
Executive
Officers
(d)
   
Average
Compen-
sation
Actually
Paid to
Non-PEO

Named
Executive
Officers
(e)(2)
   
Value of Initial
Fixed $100
Investment Based
On:
   
Net
Income –
in
thousands
(h)(5)
   
EBIT – in
thousands
(i)(6)
 
 
Total
Share-
holder
Return
(f)(3)
   
Peer
Group
Total
Share-
holder
Return
(g)(4)
 
                     
2023
  $ 7,740,184           $ 2,167,818           $ 2,053,642     $ 15,524     $ 144.07     $ 176.92     $ 107,030     $ 1,170,001  
                     
2022
  $ 5,903,168     $ 1,156,398     $ 11,823,596     $ 9,584,917     $ 2,354,427     $ 5,031,228     $ 178.09     $ 183.84     $ 243,888     $ 1,076,769  
                     
2021
        $ 6,847,109           $ 20,016,406     $ 2,336,554     $ 5,591,256     $ 138.50     $ 167.11     $ 397,400     $ 699,380  
 
(1)
Daniel J. Carestio was our principal executive officer (“PEO”) for the full year for fiscal 2023 and from July 29, 2021 through the end of fiscal year 2022. Walter M Rosebrough, Jr. was our PEO for the full year for fiscal 2021 and from the beginning of fiscal year 2022 until July 29, 2021. For fiscal year 2023, our
non-PEO
named executive officers were Michael J. Tokich, J. Adam Zangerle, Cary L. Majors and Mary Clare Fraser. For fiscal 2022, our
non-PEO
named executive officers were Michael J. Tokich, J. Adam Zangerle, Cary L. Majors and Andrew Xilas. For fiscal year 2021, our
non-PEO
named executive officers were Daniel A. Carestio, Michael J. Tokich, J. Adam Zangerle and Cary L. Majors.
 
(2)
For each of fiscal 2023, 2022 and 2021 (each, a “Covered Year”), in determining both the “compensation actually paid” to our PEOs and the average “compensation actually paid” to our
non-PEO
named executive officers for purposes of this Pay Versus Performance table (“PVP Table”), we deducted from or added to the total amounts of compensation reported in columns (b) and (d) for such Covered Year the following amounts:
 
       
Item and Value Added (Deducted)
 
2023
   
2022
   
2021
 
       
For Daniel A. Carestio (as PEO)
                       
       
- SCT “Stock Awards” column value
 
$
(2,154,084
 
$
(1,397,772
 
 
 
       
- SCT “Option Awards” column value
 
$
(4,000,598
 
$
(2,870,787
 
 
 
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
$
4,709,722
 
 
$
7,347,026
 
 
 
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
$
(3,235,090
 
$
2,796,409
 
 
 
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
$
(950,771
 
$
12,373
 
 
 
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
$
58,455
 
 
$
33,179
 
 
 
 
       
TOTAL ADDED (DEDUCTED):
 
$
(5,572,366
 
$
5,920,428
 
 
 
 
 
For Walter M Rosebrough, Jr. (as PEO)
 
       
- SCT “Stock Awards” column value
 
 
 
 
 
 
 
$
(1,468,984
       
- SCT “Option Awards” column value
 
 
 
 
 
 
 
$
(2,729,173
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
 
 
 
 
 
 
$
6,017,324
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
 
 
 
$
8,482,009
 
 
$
8,273,815
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
 
 
 
$
(87,822
 
$
3,032,925
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
 
 
 
$
34,333
 
 
$
43,391
 
       
TOTAL ADDED (DEDUCTED):
 
 
 
 
$
8,428,519
 
 
$
13,169,297
 
       
For
Non-PEO
Named Executive Officers (Average):
                       
       
- SCT “Stock Awards” column value
 
$
(557,389
 
$
(527,733
 
$
(508,049
       
- SCT “Option Awards” column value
 
$
(814,151
 
$
(843,644
 
$
(711,762
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
$
1,058,610
 
 
$
2,282,600
 
 
$
1,712,974
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
$
(1,380,326
 
$
1,754,107
 
 
$
2,185,114
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
$
(365,275
 
$
(5,442
 
$
551,610
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
$
20,412
 
 
$
16,913
 
 
$
24,815
 
       
TOTAL ADDED (DEDUCTED):
 
$
(2,038,118
 
$
2,676,802
 
 
$
3,254,702
 
 
(3)
For each Covered Year, our total shareholder return was calculated as the yearly percentage change in our cumulative total shareholder return on our Ordinary Shares measured as the quotient of (a) the sum of (i) the cumulative amount of dividends for the period beginning with our closing price on NYSE on March 31, 2020 through and including the last day of the Covered Year (each
one-year,
two-year
and three-year period, a “Measurement Period”), assuming dividend reinvestment, plus (ii) the difference between our closing stock price at the end versus the beginning of the Measurement Period divided by (b) our closing share price at the beginning of the Measurement Period. Each of these yearly percentage changes was then applied to a deemed fixed investment of $100 at the beginning of the Measurement Period to produce the Covered
Year-end
values of such investment as of the end of fiscal 2023, 2022 and 2021, as applicable. Because Covered Years are presented in the table in reverse chronical order (from top to bottom), the table should be read from bottom to top for purposes of understanding cumulative returns over time.
 
(4)
For purposes of this pay versus performance disclosure, our peer group is the Dow Jones U.S. Medical Supplies Index
(the “PVP Peer Group”). For each Covered Year, the PVP Peer Group cumulative total shareholder return was calculated based on a deemed
fixed
investment of $100 in the index through each Measurement Period, assuming
dividend
reinvestmen
t
for
the PVP Peer Group
.
 
(5)
Net income is calculated in accordance with U.S. GAAP.
 
(6)
EBIT is a
non-GAAP
measure calculated as earnings before interest and taxes, excluding the effects of amounts related to certain special items. The financial metric is used in the determination of attainment percentages under our annual MICP plan. See the section in the Compensation Discussion and Analysis above titled “2023 Compensation Decisions” for more information.
   
Company Selected Measure Name EBIT    
Named Executive Officers, Footnote [Text Block] Daniel J. Carestio was our principal executive officer (“PEO”) for the full year for fiscal 2023 and from July 29, 2021 through the end of fiscal year 2022. Walter M Rosebrough, Jr. was our PEO for the full year for fiscal 2021 and from the beginning of fiscal year 2022 until July 29, 2021. For fiscal year 2023, our
non-PEO
named executive officers were Michael J. Tokich, J. Adam Zangerle, Cary L. Majors and Mary Clare Fraser. For fiscal 2022, our
non-PEO
named executive officers were Michael J. Tokich, J. Adam Zangerle, Cary L. Majors and Andrew Xilas. For fiscal year 2021, our
non-PEO
named executive officers were Daniel A. Carestio, Michael J. Tokich, J. Adam Zangerle and Cary L. Majors.
   
Peer Group Issuers, Footnote [Text Block] For purposes of this pay versus performance disclosure, our peer group is the Dow Jones U.S. Medical Supplies Index
(the “PVP Peer Group”). For each Covered Year, the PVP Peer Group cumulative total shareholder return was calculated based on a deemed
fixed
investment of $100 in the index through each Measurement Period, assuming
dividend
reinvestmen
t
for
the PVP Peer Group
.
   
Adjustment To PEO Compensation, Footnote [Text Block] For each of fiscal 2023, 2022 and 2021 (each, a “Covered Year”), in determining both the “compensation actually paid” to our PEOs and the average “compensation actually paid” to our
non-PEO
named executive officers for purposes of this Pay Versus Performance table (“PVP Table”), we deducted from or added to the total amounts of compensation reported in columns (b) and (d) for such Covered Year the following amounts:
       
Item and Value Added (Deducted)
 
2023
   
2022
   
2021
 
       
For Daniel A. Carestio (as PEO)
                       
       
- SCT “Stock Awards” column value
 
$
(2,154,084
 
$
(1,397,772
 
 
 
       
- SCT “Option Awards” column value
 
$
(4,000,598
 
$
(2,870,787
 
 
 
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
$
4,709,722
 
 
$
7,347,026
 
 
 
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
$
(3,235,090
 
$
2,796,409
 
 
 
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
$
(950,771
 
$
12,373
 
 
 
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
$
58,455
 
 
$
33,179
 
 
 
 
       
TOTAL ADDED (DEDUCTED):
 
$
(5,572,366
 
$
5,920,428
 
 
 
 
 
For Walter M Rosebrough, Jr. (as PEO)
 
       
- SCT “Stock Awards” column value
 
 
 
 
 
 
 
$
(1,468,984
       
- SCT “Option Awards” column value
 
 
 
 
 
 
 
$
(2,729,173
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
 
 
 
 
 
 
$
6,017,324
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
 
 
 
$
8,482,009
 
 
$
8,273,815
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
 
 
 
$
(87,822
 
$
3,032,925
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
 
 
 
$
34,333
 
 
$
43,391
 
       
TOTAL ADDED (DEDUCTED):
 
 
 
 
$
8,428,519
 
 
$
13,169,297
 
       
For
Non-PEO
Named Executive Officers (Average):
                       
       
- SCT “Stock Awards” column value
 
$
(557,389
 
$
(527,733
 
$
(508,049
       
- SCT “Option Awards” column value
 
$
(814,151
 
$
(843,644
 
$
(711,762
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
$
1,058,610
 
 
$
2,282,600
 
 
$
1,712,974
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
$
(1,380,326
 
$
1,754,107
 
 
$
2,185,114
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
$
(365,275
 
$
(5,442
 
$
551,610
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
$
20,412
 
 
$
16,913
 
 
$
24,815
 
       
TOTAL ADDED (DEDUCTED):
 
$
(2,038,118
 
$
2,676,802
 
 
$
3,254,702
 
   
Non-PEO NEO Average Total Compensation Amount $ 2,053,642 $ 2,354,427 $ 2,336,554
Non-PEO NEO Average Compensation Actually Paid Amount $ 15,524 5,031,228 5,591,256
Adjustment to Non-PEO NEO Compensation Footnote [Text Block] For each of fiscal 2023, 2022 and 2021 (each, a “Covered Year”), in determining both the “compensation actually paid” to our PEOs and the average “compensation actually paid” to our
non-PEO
named executive officers for purposes of this Pay Versus Performance table (“PVP Table”), we deducted from or added to the total amounts of compensation reported in columns (b) and (d) for such Covered Year the following amounts:
       
Item and Value Added (Deducted)
 
2023
   
2022
   
2021
 
       
For Daniel A. Carestio (as PEO)
                       
       
- SCT “Stock Awards” column value
 
$
(2,154,084
 
$
(1,397,772
 
 
 
       
- SCT “Option Awards” column value
 
$
(4,000,598
 
$
(2,870,787
 
 
 
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
$
4,709,722
 
 
$
7,347,026
 
 
 
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
$
(3,235,090
 
$
2,796,409
 
 
 
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
$
(950,771
 
$
12,373
 
 
 
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
$
58,455
 
 
$
33,179
 
 
 
 
       
TOTAL ADDED (DEDUCTED):
 
$
(5,572,366
 
$
5,920,428
 
 
 
 
 
For Walter M Rosebrough, Jr. (as PEO)
 
       
- SCT “Stock Awards” column value
 
 
 
 
 
 
 
$
(1,468,984
       
- SCT “Option Awards” column value
 
 
 
 
 
 
 
$
(2,729,173
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
 
 
 
 
 
 
$
6,017,324
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
 
 
 
$
8,482,009
 
 
$
8,273,815
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
 
 
 
$
(87,822
 
$
3,032,925
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
 
 
 
$
34,333
 
 
$
43,391
 
       
TOTAL ADDED (DEDUCTED):
 
 
 
 
$
8,428,519
 
 
$
13,169,297
 
       
For
Non-PEO
Named Executive Officers (Average):
                       
       
- SCT “Stock Awards” column value
 
$
(557,389
 
$
(527,733
 
$
(508,049
       
- SCT “Option Awards” column value
 
$
(814,151
 
$
(843,644
 
$
(711,762
       
+
year-end
fair value of outstanding equity awards granted in Covered Year
 
$
1,058,610
 
 
$
2,282,600
 
 
$
1,712,974
 
       
+/- change in fair value of outstanding equity awards granted in prior years
 
$
(1,380,326
 
$
1,754,107
 
 
$
2,185,114
 
       
+ vesting date fair value of equity awards granted and vested in Covered Year
 
 
 
 
 
 
 
 
 
       
+/- change in fair value of prior-year equity awards vested in Covered Year
 
$
(365,275
 
$
(5,442
 
$
551,610
 
       
- prior
year-end
fair value of prior-year equity awards forfeited in Covered Year
 
 
 
 
 
 
 
 
 
       
+ includable dividends/earnings on equity awards during Covered Year
 
$
20,412
 
 
$
16,913
 
 
$
24,815
 
       
TOTAL ADDED (DEDUCTED):
 
$
(2,038,118
 
$
2,676,802
 
 
$
3,254,702
 
   
Compensation Actually Paid vs. Total Shareholder Return [Text Block]    
Compensation Actually Paid vs. Net Income [Text Block]    
Compensation Actually Paid vs. Company Selected Measure [Text Block]    
Total Shareholder Return Vs Peer Group [Text Block]    
Tabular List [Table Text Block]
Fiscal 2023 Tabular List

The following table lists all of the financial performance measures that we used to link compensation actually paid to our named executive officers for fiscal 2023 to our performance.
 
Financial Performance Measure:
 
EBIT
 
Free Cash Flow
   
Total Shareholder Return Amount $ 144.07 178.09 138.5
Peer Group Total Shareholder Return Amount 176.92 183.84 167.11
Net Income (Loss) $ 107,030,000 $ 243,888,000 $ 397,400,000
Company Selected Measure Amount 1,170,001,000 1,076,769,000 699,380,000
Measure [Axis]: 1      
Pay vs Performance Disclosure [Table]      
Measure Name EBIT    
Non-GAAP Measure Description [Text Block] EBIT is a
non-GAAP
measure calculated as earnings before interest and taxes, excluding the effects of amounts related to certain special items. The financial metric is used in the determination of attainment percentages under our annual MICP plan. See the section in the Compensation Discussion and Analysis above titled “2023 Compensation Decisions” for more information.
   
Measure [Axis]: 2      
Pay vs Performance Disclosure [Table]      
Measure Name Free Cash Flow    
Daniel J. Carestio [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount $ 7,740,184 $ 5,903,168  
PEO Actually Paid Compensation Amount $ 2,167,818 11,823,596  
PEO Name Daniel J. Carestio    
Walter M Rosebrough, Jr. [Member]      
Pay vs Performance Disclosure [Table]      
PEO Total Compensation Amount   1,156,398 $ 6,847,109
PEO Actually Paid Compensation Amount   9,584,917 20,016,406
PEO Name Walter M Rosebrough, Jr.    
PEO [Member] | Daniel J. Carestio [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (5,572,366) 5,920,428  
PEO [Member] | Daniel J. Carestio [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,154,084) (1,397,772)  
PEO [Member] | Daniel J. Carestio [Member] | Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (4,000,598) (2,870,787)  
PEO [Member] | Daniel J. Carestio [Member] | Year End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 4,709,722 7,347,026  
PEO [Member] | Daniel J. Carestio [Member] | Change In Fair Value of Outstanding Equity Awards Granted In Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (3,235,090) 2,796,409  
PEO [Member] | Daniel J. Carestio [Member] | Change In Fair Value Of PriorYear Equity Awards Vested In Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (950,771) 12,373  
PEO [Member] | Daniel J. Carestio [Member] | Includable Dividends Earnings On Equity Awards During Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 58,455 33,179  
PEO [Member] | Walter M Rosebrough, Jr. [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   8,428,519 13,169,297
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (1,468,984)
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     (2,729,173)
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Year End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount     6,017,324
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Change In Fair Value of Outstanding Equity Awards Granted In Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   8,482,009 8,273,815
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Change In Fair Value Of PriorYear Equity Awards Vested In Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   (87,822) 3,032,925
PEO [Member] | Walter M Rosebrough, Jr. [Member] | Includable Dividends Earnings On Equity Awards During Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount   34,333 43,391
Non-PEO NEO [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (2,038,118) 2,676,802 3,254,702
Non-PEO NEO [Member] | Stock Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (557,389) (527,733) (508,049)
Non-PEO NEO [Member] | Option Awards [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (814,151) (843,644) (711,762)
Non-PEO NEO [Member] | Year End Fair Value Of Outstanding Equity Awards Granted In Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,058,610 2,282,600 1,712,974
Non-PEO NEO [Member] | Change In Fair Value of Outstanding Equity Awards Granted In Prior Years [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (1,380,326) 1,754,107 2,185,114
Non-PEO NEO [Member] | Change In Fair Value Of PriorYear Equity Awards Vested In Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (365,275) (5,442) 551,610
Non-PEO NEO [Member] | Includable Dividends Earnings On Equity Awards During Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ 20,412 $ 16,913 $ 24,815