2021 Q4 Form 10-K Financial Statement

#000085698222000013 Filed on March 01, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $278.5M $1.075B $258.0M
YoY Change 7.94% 11.5% 0.03%
Cost Of Revenue $149.7M $589.4M $146.8M
YoY Change 1.97% 4.75% 0.34%
Gross Profit $128.8M $485.3M $111.2M
YoY Change 15.87% 20.98% -0.42%
Gross Profit Margin 46.25% 45.16% 43.09%
Selling, General & Admin $76.63M $335.7M $79.90M
YoY Change -4.09% 12.75% -2.68%
% of Gross Profit 59.49% 69.17% 71.88%
Research & Development $20.41M $71.25M $15.40M
YoY Change 32.51% 23.83% -5.52%
% of Gross Profit 15.84% 14.68% 13.85%
Depreciation & Amortization $20.89M $84.07M $23.60M
YoY Change -11.47% -10.63% 0.0%
% of Gross Profit 16.22% 17.32% 21.23%
Operating Expenses $96.87M $424.4M $86.50M
YoY Change 11.99% 5.38% -8.47%
Operating Profit $31.93M $60.92M $16.01M
YoY Change 99.49% -3999.87% -569.55%
Interest Expense -$1.004M $5.261M -$1.600M
YoY Change -37.25% -47.36% -75.0%
% of Operating Profit -3.14% 8.64% -10.0%
Other Income/Expense, Net -$711.0K -$6.999M -$1.200M
YoY Change -40.75% -40.02% -166.67%
Pretax Income $20.18M $53.92M $13.20M
YoY Change 52.89% -507.51% -265.0%
Income Tax -$432.0K $5.463M -$2.133M
% Of Pretax Income -2.14% 10.13% -16.16%
Net Earnings $20.61M $48.45M $15.38M
YoY Change 34.04% -592.27% -465.71%
Net Earnings / Revenue 7.4% 4.51% 5.96%
Basic Earnings Per Share $0.86 $0.28
Diluted Earnings Per Share $357.8K $0.84 $0.27
COMMON SHARES
Basic Shares Outstanding 56.46M 56.15M 55.55M
Diluted Shares Outstanding 57.36M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $67.75M $67.75M $56.90M
YoY Change 19.07% 19.07% 28.44%
Cash & Equivalents $67.75M $67.75M $56.92M
Short-Term Investments
Other Short-Term Assets $19.70M $19.70M $16.80M
YoY Change 17.26% 17.26% 5.0%
Inventory $221.9M $221.9M $198.0M
Prepaid Expenses
Receivables $152.3M $152.3M $146.6M
Other Receivables $20.54M $20.54M $11.40M
Total Short-Term Assets $482.2M $482.2M $429.7M
YoY Change 12.22% 12.22% -5.46%
LONG-TERM ASSETS
Property, Plant & Equipment $371.7M $437.6M $382.7M
YoY Change -2.89% -5.08% 1.04%
Goodwill $361.7M $363.5M
YoY Change -0.49% 2.93%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $41.42M $45.16M $37.68M
YoY Change 9.94% 12.61% -9.13%
Total Long-Term Assets $1.166B $1.166B $1.235B
YoY Change -5.56% -5.56% -5.23%
TOTAL ASSETS
Total Short-Term Assets $482.2M $482.2M $429.7M
Total Long-Term Assets $1.166B $1.166B $1.235B
Total Assets $1.648B $1.648B $1.664B
YoY Change -0.97% -0.97% -5.29%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.62M $55.62M $49.80M
YoY Change 11.69% 11.69% -8.79%
Accrued Expenses $159.0M $134.9M $111.9M
YoY Change 42.05% 27.31% 6.43%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.438M $8.438M $7.500M
YoY Change 12.51% 12.51% 0.0%
Total Short-Term Liabilities $236.3M $236.3M $185.0M
YoY Change 27.72% 27.72% 1.84%
LONG-TERM LIABILITIES
Long-Term Debt $234.4M $234.4M $343.7M
YoY Change -31.81% -31.8% -20.43%
Other Long-Term Liabilities $23.58M $106.3M $52.75M
YoY Change -55.29% -26.07% -6.6%
Total Long-Term Liabilities $258.0M $340.7M $396.5M
YoY Change -34.93% -30.11% -18.83%
TOTAL LIABILITIES
Total Short-Term Liabilities $236.3M $236.3M $185.0M
Total Long-Term Liabilities $258.0M $340.7M $396.5M
Total Liabilities $608.5M $608.5M $705.8M
YoY Change -13.79% -13.79% -12.58%
SHAREHOLDERS EQUITY
Retained Earnings $406.3M $357.8M
YoY Change 13.54% -2.83%
Common Stock $641.5M $606.2M
YoY Change 5.82% 3.27%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.040B $1.040B $958.6M
YoY Change
Total Liabilities & Shareholders Equity $1.648B $1.648B $1.664B
YoY Change -0.97% -0.97% -5.29%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $20.61M $48.45M $15.38M
YoY Change 34.04% -592.27% -465.71%
Depreciation, Depletion And Amortization $20.89M $84.07M $23.60M
YoY Change -11.47% -10.63% 0.0%
Cash From Operating Activities $45.82M $147.2M $36.90M
YoY Change 24.16% -10.91% 37.17%
INVESTING ACTIVITIES
Capital Expenditures -$9.040M $27.94M -$11.20M
YoY Change -19.29% -39.25% -46.15%
Acquisitions $7.171M
YoY Change -34.53%
Other Investing Activities -$5.567M -$6.388M -$10.70M
YoY Change -47.97% -32.04% -3666.67%
Cash From Investing Activities -$14.61M -$37.16M -$21.90M
YoY Change -33.3% -36.64% 6.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $21.31M
YoY Change 221.12%
Debt Paid & Issued, Net $206.9M
YoY Change 31.8%
Cash From Financing Activities -32.47M -98.44M -4.500M
YoY Change 621.53% 2.85% 2150.0%
NET CHANGE
Cash From Operating Activities 45.82M 147.2M 36.90M
Cash From Investing Activities -14.61M -37.16M -21.90M
Cash From Financing Activities -32.47M -98.44M -4.500M
Net Change In Cash -1.261M 10.83M 10.50M
YoY Change -112.01% -13.99% 72.13%
FREE CASH FLOW
Cash From Operating Activities $45.82M $147.2M $36.90M
Capital Expenditures -$9.040M $27.94M -$11.20M
Free Cash Flow $54.86M $119.3M $48.10M
YoY Change 14.04% 0.01% 0.84%

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NumberOfOperatingSegments
2
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2021 mmsi Number Of Product Categories
NumberOfProductCategories
5
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-align:justify;text-indent:0pt;margin:0pt 0pt 12pt 0pt;"><b style="font-weight:bold;">Use of Estimates in Preparing Financial Statements</b>. The preparation of financial statements in conformity with accounting principles generally accepted in the United States ("U.S. GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p>
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
1900000
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
0
CY2021 us-gaap Number Of Reporting Units
NumberOfReportingUnits
4
CY2021 us-gaap Depreciation
Depreciation
34500000
CY2020 us-gaap Depreciation
Depreciation
35400000
CY2019 us-gaap Depreciation
Depreciation
31400000
CY2021Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
19100000
CY2020Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
17100000
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
18100000
CY2020Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
16800000
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
19126000
CY2020Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
17074000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
14711000
CY2020Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
12043000
CY2021Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
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2345000
CY2020Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
2196000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
5239000
CY2020Q4 us-gaap Other Assets Miscellaneous Noncurrent
OtherAssetsMiscellaneousNoncurrent
6363000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
41421000
CY2020Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
37676000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13500000
CY2020Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
36917000
CY2021Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
10084000
CY2020Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
15831000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23584000
CY2020Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
52748000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16100000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14300000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
9400000
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
1074751000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
963875000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
994852000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
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132403000
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
110933000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
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22160000
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
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19308000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
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67359000
CY2020Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
67778000
CY2021Q4 us-gaap Inventory Net
InventoryNet
221922000
CY2020Q4 us-gaap Inventory Net
InventoryNet
198019000
CY2020Q4 us-gaap Goodwill
Goodwill
363533000
CY2019Q4 us-gaap Goodwill
Goodwill
353193000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2078000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-1941000
CY2021 mmsi Goodwill Purchase Accounting Adjustments And Additions
GoodwillPurchaseAccountingAdjustmentsAndAdditions
286000
CY2020 mmsi Goodwill Purchase Accounting Adjustments And Additions
GoodwillPurchaseAccountingAdjustmentsAndAdditions
8399000
CY2021Q4 us-gaap Goodwill
Goodwill
361741000
CY2020Q4 us-gaap Goodwill
Goodwill
363533000
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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8300000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
8300000
CY2019 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Amortization Of Intangible Assets
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49600000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58600000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
60700000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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48195000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
47101000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
44165000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
42396000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
31843000
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
28700000
CY2019 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
3300000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
21328000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-32216000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
-37277000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
32589000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
18985000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
IncomeLossFromContinuingOperationsBeforeIncomeTaxesForeign
39470000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
53917000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-13231000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2193000
CY2021 us-gaap Current Federal Tax Expense Benefit
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CY2020 us-gaap Current Federal Tax Expense Benefit
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CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
479000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
806000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
437000
CY2019 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
662000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8480000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8407000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8037000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10094000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7907000
CY2019 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
9178000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-468000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-8111000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2019 us-gaap Deferred Income Tax Expense Benefit
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CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3258000
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2019 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
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CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
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CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
11323000
CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2019 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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461000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-283000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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-1448000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-2241000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2507000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2391000
CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1064000
CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-281000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
4705000
CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
1325000
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
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401000
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
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-455000
CY2019 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-574000
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
290000
CY2019 us-gaap Income Tax Reconciliation Tax Exempt Income
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CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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-1822000
CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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1257000
CY2020 us-gaap Income Tax Reconciliation Tax Settlements
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CY2021 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Taxes Amount
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526000
CY2020 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Taxes Amount
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1765000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2019 us-gaap Income Tax Reconciliation Nondeductible Expense
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CY2021 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of Contingent Consideration Liabilities Amount
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733000
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CY2019 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of Contingent Consideration Liabilities Amount
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-87000
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132000
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-246000
CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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CY2021Q4 mmsi Deferred Tax Assets State Tax Credit Carryforwards Research
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4126000
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5003000
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3607000
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11126000
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42888000
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47178000
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CY2019 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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228000
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322000
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-46000
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90000
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2000000.0
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SaleLeasebackTransactionDeferredGainNet
93000
CY2021 us-gaap Lease Cost
LeaseCost
15900000
CY2020 us-gaap Lease Cost
LeaseCost
16700000
CY2019 us-gaap Lease Cost
LeaseCost
16500000
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
16013000
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
16735000
CY2019 us-gaap Operating Lease Expense
OperatingLeaseExpense
16828000
CY2021 us-gaap Sublease Income
SubleaseIncome
75000
CY2020 us-gaap Sublease Income
SubleaseIncome
15000
CY2019 us-gaap Sublease Income
SubleaseIncome
361000
CY2021 us-gaap Lease Cost
LeaseCost
15938000
CY2020 us-gaap Lease Cost
LeaseCost
16720000
CY2019 us-gaap Lease Cost
LeaseCost
16467000
CY2021 us-gaap Operating Lease Payments
OperatingLeasePayments
14970000
CY2020 us-gaap Operating Lease Payments
OperatingLeasePayments
15059000
CY2019 us-gaap Operating Lease Payments
OperatingLeasePayments
14646000
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.034
CY2020Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.033
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P12Y3M18D
CY2021 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
1524000
CY2020 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10938000
CY2019 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
10637000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P11Y4M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.032
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12405000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
9794000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
8847000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
7130000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
6378000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
43306000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
87860000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
15666000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
72194000
CY2021 dei Auditor Firm
AuditorFirmId
34

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