2023 Q1 Form 10-K Financial Statement

#000085698223000011 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $297.6M $293.4M $1.151B
YoY Change 8.04% 5.36% 7.09%
Cost Of Revenue $159.2M $158.9M $631.9M
YoY Change 3.04% 6.13% 7.2%
Gross Profit $138.4M $134.6M $519.1M
YoY Change 14.44% 4.46% 6.96%
Gross Profit Margin 46.5% 45.86% 45.1%
Selling, General & Admin $90.14M $83.24M $342.5M
YoY Change 7.3% 8.63% 2.04%
% of Gross Profit 65.15% 61.87% 65.98%
Research & Development $21.31M $20.44M $75.51M
YoY Change 22.59% 0.15% 5.98%
% of Gross Profit 15.4% 15.19% 14.55%
Depreciation & Amortization $20.54M $20.49M $81.80M
YoY Change 0.35% -1.92% -2.69%
% of Gross Profit 14.84% 15.23% 15.76%
Operating Expenses $112.0M $103.6M $431.5M
YoY Change 5.97% 6.93% 1.68%
Operating Profit $26.38M $30.96M $87.56M
YoY Change 73.2% -3.03% 43.74%
Interest Expense $2.011M -$2.036M $6.339M
YoY Change 100.7% 102.79% 20.49%
% of Operating Profit 7.62% -6.58% 7.24%
Other Income/Expense, Net -$883.0K $1.774M -$4.934M
YoY Change -16.85% -349.51% -29.5%
Pretax Income $25.50M $30.16M $82.63M
YoY Change 79.94% 49.42% 53.25%
Income Tax $4.797M -$3.246M $8.113M
% Of Pretax Income 18.81% -10.76% 9.82%
Net Earnings $20.70M $33.40M $74.52M
YoY Change 96.33% 62.04% 53.79%
Net Earnings / Revenue 6.96% 11.38% 6.47%
Basic Earnings Per Share $0.36 $1.31
Diluted Earnings Per Share $0.36 $0.58 $1.29
COMMON SHARES
Basic Shares Outstanding 57.32M 56.92M 56.81M
Diluted Shares Outstanding 58.18M 57.67M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.95M $58.41M $58.41M
YoY Change 7.55% -13.79% -13.79%
Cash & Equivalents $57.95M $58.41M $58.41M
Short-Term Investments
Other Short-Term Assets $23.88M $26.24M $26.24M
YoY Change 2.25% 33.19% 33.19%
Inventory $289.6M $266.0M $266.0M
Prepaid Expenses
Receivables $170.2M $164.7M $164.7M
Other Receivables $15.63M $13.77M $13.77M
Total Short-Term Assets $557.2M $529.1M $529.1M
YoY Change 16.55% 9.72% 9.72%
LONG-TERM ASSETS
Property, Plant & Equipment $387.5M $383.0M $448.2M
YoY Change 4.18% 3.05% 2.44%
Goodwill $360.3M $359.8M
YoY Change -0.32% -0.53%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $45.72M $44.35M $48.55M
YoY Change 9.62% 7.08% 7.53%
Total Long-Term Assets $1.127B $1.135B $1.135B
YoY Change -2.15% -2.68% -2.68%
TOTAL ASSETS
Total Short-Term Assets $557.2M $529.1M $529.1M
Total Long-Term Assets $1.127B $1.135B $1.135B
Total Assets $1.684B $1.664B $1.664B
YoY Change 3.34% 0.95% 0.95%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $65.59M $68.50M $68.50M
YoY Change 12.89% 23.16% 23.16%
Accrued Expenses $119.2M $123.2M $118.4M
YoY Change -2.61% -22.53% -12.28%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $11.25M $11.25M $11.25M
YoY Change 20.0% 33.33% 33.33%
Total Short-Term Liabilities $216.0M $220.6M $220.6M
YoY Change 5.95% -6.62% -6.62%
LONG-TERM LIABILITIES
Long-Term Debt $186.4M $186.8M $186.8M
YoY Change -23.32% -20.32% -20.32%
Other Long-Term Liabilities $13.90M $14.74M $93.70M
YoY Change -4.47% -37.52% -11.86%
Total Long-Term Liabilities $200.3M $201.5M $280.5M
YoY Change -22.25% -21.9% -17.68%
TOTAL LIABILITIES
Total Short-Term Liabilities $216.0M $220.6M $220.6M
Total Long-Term Liabilities $200.3M $201.5M $280.5M
Total Liabilities $512.5M $519.6M $519.6M
YoY Change -10.6% -14.61% -14.61%
SHAREHOLDERS EQUITY
Retained Earnings $501.5M $480.8M
YoY Change 20.32% 18.34%
Common Stock $681.1M $675.2M
YoY Change 5.37% 5.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.172B $1.144B $1.144B
YoY Change
Total Liabilities & Shareholders Equity $1.684B $1.664B $1.664B
YoY Change 3.34% 0.95% 0.95%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $20.70M $33.40M $74.52M
YoY Change 96.33% 62.04% 53.79%
Depreciation, Depletion And Amortization $20.54M $20.49M $81.80M
YoY Change 0.35% -1.92% -2.69%
Cash From Operating Activities $14.55M $28.01M $114.3M
YoY Change 21.11% -38.87% -22.37%
INVESTING ACTIVITIES
Capital Expenditures $12.79M $12.49M $45.03M
YoY Change 34.21% -238.16% 61.17%
Acquisitions $2.000M $8.287M
YoY Change 15.56%
Other Investing Activities -$2.071M -$4.839M -$12.37M
YoY Change 505.56% -13.08% 93.61%
Cash From Investing Activities -$14.86M -$17.33M -$57.40M
YoY Change 50.55% 18.63% 54.45%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $20.07M
YoY Change -5.8%
Debt Paid & Issued, Net $50.05M $260.1M
YoY Change -29.4% 25.72%
Cash From Financing Activities -497.0K -5.749M -60.26M
YoY Change -96.51% -82.29% -38.78%
NET CHANGE
Cash From Operating Activities 14.55M 28.01M 114.3M
Cash From Investing Activities -14.86M -17.33M -57.40M
Cash From Financing Activities -497.0K -5.749M -60.26M
Net Change In Cash -432.0K 4.930M -7.192M
YoY Change -96.4% -490.96% -166.38%
FREE CASH FLOW
Cash From Operating Activities $14.55M $28.01M $114.3M
Capital Expenditures $12.79M $12.49M $45.03M
Free Cash Flow $1.760M $15.52M $69.26M
YoY Change -29.15% -71.71% -41.94%

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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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56916000
CY2022 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
858000
CY2021 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
480000
CY2020 us-gaap Interest Paid Capitalized
InterestPaidCapitalized
813000
CY2022 us-gaap Interest Paid Net
InterestPaidNet
6258000
CY2021 us-gaap Interest Paid Net
InterestPaidNet
5261000
CY2020 us-gaap Interest Paid Net
InterestPaidNet
10077000
CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
17092000
CY2021 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8828000
CY2020 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
8918000
CY2022 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
3702000
CY2021 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2558000
CY2020 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2180000
CY2020 mmsi Fair Value Of Equity Investment In Exchange For Settlement Of Note Receivable
FairValueOfEquityInvestmentInExchangeForSettlementOfNoteReceivable
899000
CY2020 us-gaap Noncash Or Part Noncash Divestiture Amount Of Consideration Received1
NoncashOrPartNoncashDivestitureAmountOfConsiderationReceived1
321000
CY2022 mmsi Acquisition Of Developed Technology In Accrued Expenses
AcquisitionOfDevelopedTechnologyInAccruedExpenses
3526000
CY2020 mmsi Acquisition Of Developed Technology In Accrued Expenses
AcquisitionOfDevelopedTechnologyInAccruedExpenses
4358000
CY2022 mmsi Stock Surrendered During Period Shares Stock Options Exercised
StockSurrenderedDuringPeriodSharesStockOptionsExercised
18000
CY2021 mmsi Stock Surrendered During Period Shares Stock Options Exercised
StockSurrenderedDuringPeriodSharesStockOptionsExercised
3000
CY2020 mmsi Stock Surrendered During Period Shares Stock Options Exercised
StockSurrenderedDuringPeriodSharesStockOptionsExercised
39000
CY2022 mmsi Stock Surrendered During Period Value Stock Options Exercised
StockSurrenderedDuringPeriodValueStockOptionsExercised
1140000
CY2022Q4 mmsi Deferred Tax Liabilities Foreign Withholding Tax
DeferredTaxLiabilitiesForeignWithholdingTax
1571000
CY2021 mmsi Stock Surrendered During Period Value Stock Options Exercised
StockSurrenderedDuringPeriodValueStockOptionsExercised
180000
CY2020 mmsi Stock Surrendered During Period Value Stock Options Exercised
StockSurrenderedDuringPeriodValueStockOptionsExercised
1467000
CY2022 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11130000
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
CY2022 us-gaap Number Of Operating Segments
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2
CY2022 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2
CY2022 mmsi Number Of Product Categories
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5
CY2022 us-gaap Use Of Estimates
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<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>
CY2022 us-gaap Number Of Reporting Units
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4
CY2022 us-gaap Depreciation
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33400000
CY2021 us-gaap Depreciation
Depreciation
34500000
CY2020 us-gaap Depreciation
Depreciation
35400000
CY2022Q4 us-gaap Cash Surrender Value Of Life Insurance
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15800000
CY2021Q4 us-gaap Cash Surrender Value Of Life Insurance
CashSurrenderValueOfLifeInsurance
19100000
CY2022Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
15300000
CY2021Q4 us-gaap Deferred Compensation Liability Classified Noncurrent
DeferredCompensationLiabilityClassifiedNoncurrent
18100000
CY2022Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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15576000
CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
14711000
CY2022Q4 us-gaap Deferred Compensation Plan Assets
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15767000
CY2021Q4 us-gaap Deferred Compensation Plan Assets
DeferredCompensationPlanAssets
19126000
CY2022Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
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2397000
CY2021Q4 us-gaap Long Term Accounts Notes And Loans Receivable Net Noncurrent
LongTermAccountsNotesAndLoansReceivableNetNoncurrent
2345000
CY2022Q4 us-gaap Other Assets Miscellaneous Noncurrent
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10612000
CY2021Q4 us-gaap Other Assets Miscellaneous Noncurrent
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5239000
CY2022Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
44352000
CY2021Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
41421000
CY2022Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2260000
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
13500000
CY2022Q4 us-gaap Other Long Term Debt
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12476000
CY2021Q4 us-gaap Other Long Term Debt
OtherLongTermDebt
10084000
CY2022Q4 us-gaap Other Liabilities Noncurrent
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14736000
CY2021Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
23584000
CY2021Q4 us-gaap Inventory Net
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221922000
CY2022 us-gaap Allocated Share Based Compensation Expense
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18000000.0
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16100000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14300000
CY2022Q4 us-gaap Inventory Net
InventoryNet
265991000
CY2022 us-gaap Number Of Operating Segments
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2
CY2022 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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1150981000
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
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
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147051000
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
132403000
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
29534000
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
22160000
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
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89406000
CY2021Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
67359000
CY2021Q4 us-gaap Goodwill
Goodwill
361741000
CY2020Q4 us-gaap Goodwill
Goodwill
363533000
CY2022 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
1920000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
2078000
CY2021 mmsi Goodwill Purchase Accounting Adjustments And Additions
GoodwillPurchaseAccountingAdjustmentsAndAdditions
286000
CY2022Q4 us-gaap Goodwill
Goodwill
359821000
CY2021Q4 us-gaap Goodwill
Goodwill
361741000
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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8300000
CY2022Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
8300000
CY2020 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0
CY2022 us-gaap Amortization Of Intangible Assets
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48400000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
49600000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
58600000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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47496000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
44434000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
42610000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
32040000
CY2022Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
28966000
CY2020 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
28700000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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77562000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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21328000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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-32216000
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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5067000
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
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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82629000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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53917000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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-13231000
CY2022 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9584000
CY2021 us-gaap Current Federal Tax Expense Benefit
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808000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
-937000
CY2022 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
3162000
CY2021 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
806000
CY2020 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
437000
CY2022 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
10291000
CY2021 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8480000
CY2020 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
8407000
CY2022 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
23037000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
10094000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
7907000
CY2022 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-10438000
CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-468000
CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-2688000
CY2022 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-3615000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-1845000
CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-4524000
CY2022 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-871000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-2318000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
DeferredForeignIncomeTaxExpenseBenefit
-4083000
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-14924000
CY2021 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-4631000
CY2020 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-11295000
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8113000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5463000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3388000
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
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0.210
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.210
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
1568000
CY2021Q4 us-gaap Deferred Tax Liabilities Deferred Expense
DeferredTaxLiabilitiesDeferredExpense
1047000
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
CY2021Q4 mmsi Deferred Tax Liabilities Foreign Withholding Tax
DeferredTaxLiabilitiesForeignWithholdingTax
5575000
CY2022Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
20925000
CY2021Q4 us-gaap Deferred Tax Liabilities Property Plant And Equipment
DeferredTaxLiabilitiesPropertyPlantAndEquipment
20797000
CY2022 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
17352000
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
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-2778000
CY2022 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
35000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-283000
CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-1448000
CY2022 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
1978000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2507000
CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
IncomeTaxReconciliationTaxCreditsResearch
2391000
CY2022 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
IncomeTaxReconciliationForeignIncomeTaxRateDifferential
-10698000
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
CY2022 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-47000
CY2021 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
401000
CY2020 us-gaap Income Tax Reconciliation Tax Contingencies
IncomeTaxReconciliationTaxContingencies
-455000
CY2022 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-706000
CY2021 us-gaap Income Tax Reconciliation Tax Exempt Income
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413000
CY2020 us-gaap Income Tax Reconciliation Tax Exempt Income
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290000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense Share Based Compensation Cost
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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
CY2022 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
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3523000
CY2020 us-gaap Income Tax Reconciliation Change In Deferred Tax Assets Valuation Allowance
IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance
1257000
CY2020 us-gaap Income Tax Reconciliation Tax Settlements
IncomeTaxReconciliationTaxSettlements
1890000
CY2022 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Taxes Amount
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375000
CY2021 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Taxes Amount
EffectiveIncomeTaxRateReconciliationRemeasurementOfStateDeferredTaxesAmount
526000
CY2020 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of State Deferred Taxes Amount
EffectiveIncomeTaxRateReconciliationRemeasurementOfStateDeferredTaxesAmount
1765000
CY2022 us-gaap Income Tax Reconciliation Nondeductible Expense
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2027000
CY2021 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
2455000
CY2020 us-gaap Income Tax Reconciliation Nondeductible Expense
IncomeTaxReconciliationNondeductibleExpense
1077000
CY2022 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of Contingent Consideration Liabilities Amount
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1061000
CY2021 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of Contingent Consideration Liabilities Amount
EffectiveIncomeTaxRateReconciliationRemeasurementOfContingentConsiderationLiabilitiesAmount
733000
CY2020 mmsi Effective Income Tax Rate Reconciliation Remeasurement Of Contingent Consideration Liabilities Amount
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-1185000
CY2022 us-gaap Income Tax Reconciliation Other Adjustments
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-70000
CY2021 us-gaap Income Tax Reconciliation Other Adjustments
IncomeTaxReconciliationOtherAdjustments
132000
CY2020 us-gaap Income Tax Reconciliation Other Adjustments
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CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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CY2021 us-gaap Income Tax Expense Benefit
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CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
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1494000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
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9968000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Employee Compensation
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsEmployeeCompensation
11063000
CY2022Q4 us-gaap Deferred Tax Assets Inventory
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5712000
CY2021Q4 us-gaap Deferred Tax Assets Inventory
DeferredTaxAssetsInventory
4887000
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
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11117000
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
14833000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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7167000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsShareBasedCompensationCost
6388000
CY2022Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
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12801000
CY2021Q4 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Deferred Rent
DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsDeferredRent
13431000
CY2022Q4 mmsi Deferred Tax Assets Federal Tax Credit Carryforwards Research
DeferredTaxAssetsFederalTaxCreditCarryforwardsResearch
634000
CY2021Q4 mmsi Deferred Tax Assets Federal Tax Credit Carryforwards Research
DeferredTaxAssetsFederalTaxCreditCarryforwardsResearch
5003000
CY2022Q4 mmsi Deferred Tax Assets State Tax Credit Carryforwards Research
DeferredTaxAssetsStateTaxCreditCarryforwardsResearch
4679000
CY2021Q4 mmsi Deferred Tax Assets State Tax Credit Carryforwards Research
DeferredTaxAssetsStateTaxCreditCarryforwardsResearch
4126000
CY2022Q4 mmsi Deferred Tax Assets Capitalized Research And Development Expense
DeferredTaxAssetsCapitalizedResearchAndDevelopmentExpense
15012000
CY2022Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
8827000
CY2021Q4 us-gaap Deferred Tax Assets Other
DeferredTaxAssetsOther
9939000
CY2022Q4 us-gaap Deferred Tax Assets Gross
DeferredTaxAssetsGross
77842000
CY2022Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
38547000
CY2021Q4 us-gaap Deferred Tax Liabilities Goodwill And Intangible Assets Intangible Assets
DeferredTaxLiabilitiesGoodwillAndIntangibleAssetsIntangibleAssets
42888000
CY2021 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
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316000
CY2022Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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11527000
CY2021Q4 us-gaap Deferred Tax Liabilities Leasing Arrangements
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11938000
CY2022Q4 us-gaap Deferred Tax Liabilities Other
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2040000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
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3556000
CY2022Q4 us-gaap Deferred Income Tax Liabilities
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76178000
CY2021Q4 us-gaap Deferred Income Tax Liabilities
DeferredIncomeTaxLiabilities
85801000
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
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13527000
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
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10786000
CY2022Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
11863000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
25423000
CY2022Q4 us-gaap Deferred Income Tax Assets Net
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6599000
CY2021Q4 us-gaap Deferred Income Tax Assets Net
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6080000
CY2022Q4 us-gaap Deferred Income Tax Liabilities Net
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18462000
CY2021Q4 us-gaap Deferred Income Tax Liabilities Net
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31503000
CY2022Q4 us-gaap Deferred Tax Liabilities
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CY2021 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2021 us-gaap Effective Income Tax Rate Reconciliation Tax Cuts And Jobs Act Of2017 Transition Tax On Accumulated Foreign Earnings Amount
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CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2022Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Unrecognized Tax Benefits
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CY2020Q4 us-gaap Unrecognized Tax Benefits
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CY2021Q4 us-gaap Employee Related Liabilities Current And Noncurrent
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CY2021Q4 us-gaap Long Term Debt
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CY2021Q4 us-gaap Long Term Debt Current
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CY2021Q4 us-gaap Long Term Debt Noncurrent
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CY2021 us-gaap Interest Expense
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CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
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CY2021 us-gaap Proceeds From Stock Options Exercised
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CY2020 us-gaap Proceeds From Stock Options Exercised
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CY2022 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Exercise Of Stock Options
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CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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CY2021Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
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CY2022 mmsi Lessee Operating Lease Termination Period
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CY2021Q4 us-gaap Operating Lease Right Of Use Asset
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CY2022Q4 us-gaap Operating Lease Liability
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CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2020Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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8941000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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7523000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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5944000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
37983000
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
84583000
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
13842000
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
70741000
CY2022 dei Auditor Firm
AuditorFirmId
34

Files In Submission

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mmsi-20221231_lab.xml Edgar Link unprocessable
mmsi-20221231_def.xml Edgar Link unprocessable
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