2021 Q2 Form 10-Q Financial Statement
#000175789821000027 Filed on August 09, 2021
Income Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
Revenue | $968.4M | $668.9M |
YoY Change | 44.77% | -4.0% |
Cost Of Revenue | $542.1M | $381.5M |
YoY Change | 42.09% | -2.15% |
Gross Profit | $426.3M | $287.4M |
YoY Change | 48.33% | -6.36% |
Gross Profit Margin | 44.02% | 42.96% |
Selling, General & Admin | $393.8M | $155.2M |
YoY Change | 153.76% | -13.21% |
% of Gross Profit | 92.37% | 53.99% |
Research & Development | $18.19M | $16.23M |
YoY Change | 12.08% | 4.15% |
% of Gross Profit | 4.27% | 5.65% |
Depreciation & Amortization | $83.62M | $48.95M |
YoY Change | 70.82% | 3.93% |
% of Gross Profit | 19.62% | 17.03% |
Operating Expenses | $412.0M | $171.6M |
YoY Change | 140.11% | -12.36% |
Operating Profit | $14.32M | $115.8M |
YoY Change | -87.63% | 5.2% |
Interest Expense | $21.81M | $9.492M |
YoY Change | 129.79% | -9.12% |
% of Operating Profit | 152.28% | 8.2% |
Other Income/Expense, Net | -$43.30M | -$7.203M |
YoY Change | 501.15% | -32.54% |
Pretax Income | -$28.98M | $108.6M |
YoY Change | -126.68% | 9.26% |
Income Tax | -$7.075M | $19.08M |
% Of Pretax Income | 17.57% | |
Net Earnings | -$21.81M | $89.60M |
YoY Change | -124.34% | 4.95% |
Net Earnings / Revenue | -2.25% | 13.39% |
Basic Earnings Per Share | -$0.24 | $1.05 |
Diluted Earnings Per Share | -$0.24 | $1.05 |
COMMON SHARES | ||
Basic Shares Outstanding | 90.15M shares | 84.96M shares |
Diluted Shares Outstanding | 90.99M shares | 85.68M shares |
Balance Sheet
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $534.8M | $255.6M |
YoY Change | 109.22% | 7.35% |
Cash & Equivalents | $534.8M | $255.6M |
Short-Term Investments | ||
Other Short-Term Assets | $136.6M | $61.40M |
YoY Change | 122.47% | -2.54% |
Inventory | $593.1M | $277.0M |
Prepaid Expenses | ||
Receivables | $743.4M | $503.2M |
Other Receivables | $0.00 | $0.00 |
Total Short-Term Assets | $2.008B | $1.097B |
YoY Change | 83.01% | 5.06% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $1.499B | $1.148B |
YoY Change | 30.61% | 8.9% |
Goodwill | $5.287B | $2.372B |
YoY Change | 122.89% | 1.04% |
Intangibles | $3.048B | $551.5M |
YoY Change | 452.71% | -8.41% |
Long-Term Investments | ||
YoY Change | ||
Other Assets | $51.45M | $51.97M |
YoY Change | -1.01% | -12.21% |
Total Long-Term Assets | $10.09B | $4.267B |
YoY Change | 136.55% | 1.94% |
TOTAL ASSETS | ||
Total Short-Term Assets | $2.008B | $1.097B |
Total Long-Term Assets | $10.09B | $4.267B |
Total Assets | $12.10B | $5.364B |
YoY Change | 125.6% | 2.57% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $232.2M | $133.5M |
YoY Change | 73.88% | -1.44% |
Accrued Expenses | $300.8M | $180.2M |
YoY Change | 66.91% | -1.43% |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $6.875M | $35.00M |
YoY Change | -80.36% | |
Long-Term Debt Due | $6.875M | |
YoY Change | ||
Total Short-Term Liabilities | $1.145B | $479.5M |
YoY Change | 138.77% | 10.81% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $3.257B | $1.022B |
YoY Change | 218.61% | -15.52% |
Other Long-Term Liabilities | $86.04M | $86.39M |
YoY Change | -0.4% | 1.55% |
Total Long-Term Liabilities | $3.343B | $1.109B |
YoY Change | 201.55% | -14.4% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $1.145B | $479.5M |
Total Long-Term Liabilities | $3.343B | $1.109B |
Total Liabilities | $5.516B | $1.874B |
YoY Change | 194.31% | -5.57% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | $1.875B | $1.700B |
YoY Change | 10.27% | 21.65% |
Common Stock | $4.737B | $1.983B |
YoY Change | 138.87% | -0.67% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $6.575B | $3.475B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $12.10B | $5.364B |
YoY Change | 125.6% | 2.57% |
Cashflow Statement
Concept | 2021 Q2 | 2020 Q2 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$21.81M | $89.60M |
YoY Change | -124.34% | 4.95% |
Depreciation, Depletion And Amortization | $83.62M | $48.95M |
YoY Change | 70.82% | 3.93% |
Cash From Operating Activities | $97.43M | $134.1M |
YoY Change | -27.36% | 22.67% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $56.40M | $66.86M |
YoY Change | -15.65% | 34.28% |
Acquisitions | $547.4M | $0.00 |
YoY Change | -100.0% | |
Other Investing Activities | -$547.1M | $100.0K |
YoY Change | -547236.0% | |
Cash From Investing Activities | -$603.5M | -$66.72M |
YoY Change | 804.52% | -20.86% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $10.67M | $14.30M |
YoY Change | -25.36% | -3.96% |
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $818.8M | -$134.0M |
YoY Change | -711.05% | 1661.54% |
NET CHANGE | ||
Cash From Operating Activities | $97.43M | $134.1M |
Cash From Investing Activities | -$603.5M | -$66.72M |
Cash From Financing Activities | $818.8M | -$134.0M |
Net Change In Cash | $314.2M | -$63.95M |
YoY Change | -591.36% | -466.83% |
FREE CASH FLOW | ||
Cash From Operating Activities | $97.43M | $134.1M |
Capital Expenditures | $56.40M | $66.86M |
Free Cash Flow | $41.03M | $67.26M |
YoY Change | -39.0% | 12.96% |
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InterestExpense
|
21812000 | USD |
CY2020Q2 | us-gaap |
Interest Expense
InterestExpense
|
9492000 | USD |
CY2021Q2 | ste |
Fair Value Adjustment Related To Convertible Debt Liability
FairValueAdjustmentRelatedToConvertibleDebtLiability
|
22923000 | USD |
CY2020Q2 | ste |
Fair Value Adjustment Related To Convertible Debt Liability
FairValueAdjustmentRelatedToConvertibleDebtLiability
|
0 | USD |
CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
1434000 | USD |
CY2020Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
2289000 | USD |
CY2021Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-43301000 | USD |
CY2020Q2 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
-7203000 | USD |
CY2021Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
-28977000 | USD |
CY2020Q2 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
108614000 | USD |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
-7075000 | USD |
CY2020Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
19083000 | USD |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-21902000 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
89531000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-95000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-66000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21807000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
89597000 | USD |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.24 | |
CY2020Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.05 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.24 | |
CY2020Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.05 | |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.40 | |
CY2020Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.37 | |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-21902000 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
89531000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-95000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-66000 | USD |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-21807000 | USD |
CY2020Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
89597000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
|
174000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
|
174000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
-507000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
|
-510000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
24933000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
27619000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
24426000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
27109000 | USD |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
2619000 | USD |
CY2020Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
116706000 | USD |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-21902000 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
89531000 | USD |
CY2021Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
83621000 | USD |
CY2020Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
48954000 | USD |
CY2021Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
456000 | USD |
CY2020Q2 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-1814000 | USD |
CY2021Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
26600000 | USD |
CY2020Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5962000 | USD |
CY2021Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-824000 | USD |
CY2020Q2 | us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
-237000 | USD |
CY2021Q2 | ste |
Loss On Sale Of Business
LossOnSaleOfBusiness
|
-419000 | USD |
CY2020Q2 | ste |
Loss On Sale Of Business
LossOnSaleOfBusiness
|
-10000 | USD |
CY2021Q2 | ste |
Fair Value Adjustment Related To Convertible Debt Liability
FairValueAdjustmentRelatedToConvertibleDebtLiability
|
22923000 | USD |
CY2020Q2 | ste |
Fair Value Adjustment Related To Convertible Debt Liability
FairValueAdjustmentRelatedToConvertibleDebtLiability
|
0 | USD |
CY2021Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
2334000 | USD |
CY2020Q2 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-6842000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-41732000 | USD |
CY2020Q2 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-84665000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
1660000 | USD |
CY2020Q2 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
28830000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
6747000 | USD |
CY2020Q2 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
6729000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-4614000 | USD |
CY2020Q2 | us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-17011000 | USD |
CY2021Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-41892000 | USD |
CY2020Q2 | us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
-47695000 | USD |
CY2021Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
97426000 | USD |
CY2020Q2 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
134122000 | USD |
CY2021Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
56396000 | USD |
CY2020Q2 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
66861000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
217000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
137000 | USD |
CY2021Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
547353000 | USD |
CY2020Q2 | us-gaap |
Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
|
0 | USD |
CY2021Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-603532000 | USD |
CY2020Q2 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-66724000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
1350000000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
|
0 | USD |
CY2021Q2 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
650000000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
0 | USD |
CY2021Q2 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
125000000 | USD |
CY2020Q2 | us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
0 | USD |
CY2021Q2 | us-gaap |
Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
|
-721284000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Repayments Of Other Long Term Debt
ProceedsFromRepaymentsOfOtherLongTermDebt
|
0 | USD |
CY2021Q2 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-249421000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-95837000 | USD |
CY2021Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
17227000 | USD |
CY2020Q2 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
0 | USD |
CY2021Q2 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
25150000 | USD |
CY2020Q2 | us-gaap |
Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
|
21000 | USD |
CY2021Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
10670000 | USD |
CY2020Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
14296000 | USD |
CY2021Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
34148000 | USD |
CY2020Q2 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
31471000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
CY2020Q2 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
2258000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
1710000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
5367000 | USD |
CY2021Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
818810000 | USD |
CY2020Q2 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-134000000 | USD |
CY2021Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
1539000 | USD |
CY2020Q2 | us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
|
2648000 | USD |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
314243000 | USD |
CY2020Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-63954000 | USD |
CY2021Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
220531000 | USD |
CY2020Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
319581000 | USD |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
534774000 | USD |
CY2020Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
255627000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3891468000 | USD |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-21902000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
24426000 | USD |
CY2021Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
10670000 | USD |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
28299000 | USD |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.40 | |
CY2021Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
34148000 | USD |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
2689317000 | USD |
CY2021Q2 | ste |
Consideration Related To Equity Component Of Cantel Convertible Debt
ConsiderationRelatedToEquityComponentOfCantelConvertibleDebt
|
175555000 | USD |
CY2021Q2 | ste |
Consideration Related To Cantel Equity Compensation Programs
ConsiderationRelatedToCantelEquityCompensationPrograms
|
18173000 | USD |
CY2021Q2 | ste |
Reclassification To Cantel Convertible Debt Premium Liability
ReclassificationToCantelConvertibleDebtPremiumLiability
|
175555000 | USD |
CY2021Q2 | ste |
Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
|
-52000 | USD |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
6585015000 | USD |
CY2020Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3418210000 | USD |
CY2020Q2 | us-gaap |
Profit Loss
ProfitLoss
|
89531000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
27109000 | USD |
CY2020Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
14296000 | USD |
CY2020Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
11256000 | USD |
CY2020Q2 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.37 | |
CY2020Q2 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
31471000 | USD |
CY2020Q2 | ste |
Noncontrolling Interest Increase From Contributions To Noncontrolling Interest Holders
NoncontrollingInterestIncreaseFromContributionsToNoncontrollingInterestHolders
|
2258000 | USD |
CY2020Q2 | ste |
Increase Decrease In Noncontrolling Interests Other
IncreaseDecreaseInNoncontrollingInterestsOther
|
-9000 | USD |
CY2020Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3502606000 | USD |
CY2021Q2 | us-gaap |
Nature Of Operations
NatureOfOperations
|
Nature of Operations and Summary of Significant Accounting Policies<div style="margin-bottom:6pt;margin-top:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Nature of Operations</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">STERIS is a leading global provider of products and services that meet the needs of healthcare growth areas: procedures, devices, pharmaceuticals and dental. Ou</span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">r MISSION IS TO HELP OUR CUSTOMERS CREATE A HEALTHIER AND SAFER WORLD by providing innovative healthcare and life science products and services around the globe. We offer our Customers a unique mix of innovative consumable products, such as detergents, gastrointestinal ("GI") endoscopy accessories, barrier product solutions, and other products and services, including: equipment installation and maintenance, microbial reduction of medical devices, dental instruments and tools, instrument and scope repair solutions, laboratory testing services, outsourced reprocessing, and capital equipment products, such as sterilizers and surgical tables, automated endoscope reprocessors, and connectivity solutions such as operating room (“OR”) integrati</span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">on. </span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Our fiscal year ends on March 31. References in this Quarterly Report to a particular “year” or “year-end” mean our fiscal year. The significant accounting policies applied in preparing the accompanying consolidated financial statements of the Company are summarized below:</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On June 2, 2021, we completed our previously announced acquisition of Cantel Medical Corp. Refer to note 2 titled, "Business Acquisitions" for additional information regarding this acquisition.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Interim Financial Statements</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We prepared the accompanying unaudited consolidated financial statements of the Company according to accounting principles generally accepted in the United States (“U.S. GAAP”) for interim financial information and the instructions to the Quarterly Report on Form 10-Q and Rule 10-01 of Regulation S-X. This means that they do not include all of the information and footnotes required by U.S. GAAP for complete financial statements. Our unaudited interim consolidated financial statements contain all material adjustments (including normal recurring accruals and adjustments) management believes are necessary to fairly state our financial condition, results of operations, and cash flows for the periods presented.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">These interim consolidated financial statements should be read together with the consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended March 31, 2021 dated May 28, 2021. The Consolidated Balance Sheet at March 31, 2021 was derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. GAAP for complete financial statements.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Principles of Consolidation</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We use the consolidation method to report our investment in our subsidiaries. Therefore, the accompanying consolidated financial statements include the accounts of the Company and its wholly-owned and majority-owned subsidiaries. We eliminate inter-company accounts and transactions when we consolidate these accounts. Investments in equity of unconsolidated affiliates, over which the Company has significant influence, but not control, over the financial and operating polices, are accounted for primarily using the equity method. These investments are immaterial to the Company's Consolidated Financial Statements.</span></div><div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We make certain estimates and assumptions when preparing financial statements according to U.S. GAAP that affect the reported amounts of assets and liabilities at the financial statement dates and the reported amounts of revenues and expenses during the periods presented. These estimates and assumptions involve judgments with respect to many factors that are difficult to predict and are beyond our control. Actual results could be materially different from these estimates. We revise the estimates and assumptions as new information becomes available. This means that operating results for the three month period ended June 30, 2021 are not necessarily indicative of results that may be expected for future quarters or for the full fiscal year ending March 31, 2022.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition and Associated Liabilities</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Revenue is recognized when obligations under the terms of the contract are satisfied and control of the promised products or services have transferred to the Customer. Revenues are measured at the amount of consideration that we expect to be paid in exchange for the products or services. Product revenue is recognized when control passes to the Customer, which is generally based on contract or shipping terms. Service revenue is recognized when the Customer benefits from the service, which occurs either upon completion of the service or as it is provided to the Customer. Our Customers include end users as well as dealers and distributors who market and sell our products. Our revenue is not contingent upon resale by the dealer or distributor, and we have no further obligations related to bringing about resale. Our standard return and restocking fee policies are applied to sales of products. Shipping and handling costs charged to Customers are included in Product revenues. The associated expenses are treated as fulfillment costs and are included in Cost of revenues. Revenues are reported net of sales and value-added taxes collected from Customers.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We have individual Customer contracts that offer discounted pricing. Dealers and distributors may be offered sales incentives in the form of rebates. We reduce revenue for discounts and estimated returns, rebates, and other similar allowances in the same period the related revenues are recorded. The reduction in revenue for these items is estimated based on historical experience and trend analysis to the extent that it is probable that a significant reversal of revenue will not occur. Estimated returns are recorded gross on the Consolidated Balance Sheets.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In transactions that contain multiple performance obligations, such as when products, maintenance services, and other services are combined, we recognize revenue as each product is delivered or service is provided to the Customer. We allocate the total arrangement consideration to each performance obligation based on its relative standalone selling price, which is the price for the product or service when it is sold separately.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Payment terms vary by the type and location of the Customer and the products or services offered. Generally, the time between when revenue is recognized and when payment is due is not significant. We do not evaluate whether the selling price contains a financing component for contracts that have a duration of less than one year.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We do not capitalize sales commissions as substantially all of our sales commission programs have an amortization period of one year or less.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Certain costs to fulfill a contract are capitalized and amortized over the term of the contract if they are recoverable, directly related to a contract and generate resources that we will use to fulfill the contract in the future. At June 30, 2021, assets related to costs to fulfill a contract were not material to our Consolidated Financial Statements.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 9, titled "Business Segment Information" for disaggregation of revenue.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Product Revenue</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Product revenues consist of revenues generated from sales of consumables and capital equipment. These contracts are primarily based on a Customer’s purchase order and may include a Distributor, Dealer or Group Purchasing Organization ("GPO") agreement.</span><span style="color:#ff0000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%"> </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We recognize revenue for sales of product when control passes to the Customer, which generally occurs either when the products are shipped or when they are received by the Customer. Revenue related to capital equipment products is deferred until installation is complete if the capital equipment and installation are highly integrated and form a single performance obligation.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Service Revenue</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Within our Healthcare and Life Sciences segments, service revenues consist of revenue generated from parts and labor associated with the maintenance, repair and installation of capital equipment. These contracts are primarily based on a Customer’s purchase order and may include a Distributor, Dealer, or Group Purchasing Organization ("GPO") agreement. For maintenance, repair and installation of capital equipment, revenue is recognized upon completion of the service. Healthcare service revenues also include outsourced reprocessing services and instrument repairs. Contracts for outsourced reprocessing services are primarily based on an agreement with a Customer, ranging in length from several months to 15 years. Outsourced reprocessing services revenue is recognized ratably over the contract term using a time-based input measure, adjusted for volume and other performance metrics, to the extent that it is probable that a significant reversal of revenue will not occur. Contracts for instrument repairs are primarily based on a Customer’s purchase order, and the associated revenue is recognized upon completion of the repair. </span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We also offer preventive maintenance and separately priced extended warranty agreements to our Customers, which require us to maintain and repair our products over the duration of the contract. Generally, these contract terms are cancelable </span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">without penalty and range from one to five years. Amounts received under these Customer contracts are initially recorded as a service liability and are recognized as service revenue ratably over the contract term using a time-based input measure. </span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Within our Applied Sterilization Technologies segment, service revenues include contract sterilization and laboratory services. Sales contracts for contract sterilization and laboratory services are primarily based on a Customer’s purchase order and associated Customer agreement and revenues are generally recognized upon completion of the service.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Contract Liabilities</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Payments received from Customers are based on invoices or billing schedules as established in contracts with Customers. Deferred revenue is recorded when payment is received in advance of performance under the contract. Deferred revenue is recognized as revenue upon completion of the performance obligation, which generally occurs within one year. During the first three months of fiscal </span><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">2022, $35,722 of </span><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">the March 31, 2021 deferred revenue balance was recorded as revenue. During the first three months of fiscal 2021, $30,804 of the March 31, 2020 deferred revenue balance was recorded as revenue.</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 6, titled "Additional Consolidated Balance Sheet Information" for Deferred revenue balances.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Service Liabilities</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Payments received in advance of performance for cancellable preventive maintenance and separately priced extended warranty contracts are recorded as service liabilities. Service liabilities are recognized as revenue as performance is rendered under the contract. </span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Refer to Note 6, titled "Additional Consolidated Balance Sheet Information" for Service liability balances.</span></div><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Remaining Performance Obligations</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Remaining performance obligations reflect only the performance obligations related to agreements for which we have a firm commitment from a Customer to purchase and exclude variable consideration related to unsatisfied performance obligations. With regard to products, these remaining performance obligations include capital equipment and consumable orders which have not shipped. With regard to service, these remaining performance obligations primarily include installation, certification, and outsourced reprocessing services. As of June 30, 2021, the transaction price allocated to remaining performance obligations was approximately $1,371,500. We expect to recognize approximately 55% of the transaction price within one year and approximately 37% beyond one year. The remainder has yet to be scheduled for delivery. </span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Recently Issued Accounting Standards Impacting the Company</span></div><div><span><br/></span></div><div style="text-indent:18pt"><span style="background-color:#ffffff;color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Recently Issued Accounting Standards Impacting the Company are presented in the following table:</span></div><div style="margin-bottom:6pt;margin-top:6pt"><table style="border-collapse:collapse;display:inline-table;margin-bottom:5pt;vertical-align:text-bottom;width:98.830%"><tr><td style="width:1.0%"/><td style="width:14.136%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:9.107%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:37.361%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:7.331%"/><td style="width:0.1%"/><td style="width:0.1%"/><td style="width:0.539%"/><td style="width:0.1%"/><td style="width:1.0%"/><td style="width:23.609%"/><td style="width:0.1%"/></tr><tr><td colspan="3" style="border-left:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Standard</span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Date of Issuance</span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Description</span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Date of Adoption</span></td><td colspan="3" style="border-bottom:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/><td colspan="3" style="border-bottom:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:center;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:9pt;font-weight:700;line-height:100%">Effect on the financial statements or other significant matters</span></td></tr><tr><td colspan="27" style="background-color:#cceeff;border-bottom:1pt solid #000000;border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:2px 1pt;text-align:left;vertical-align:bottom"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">Standards that have been adopted in fiscal 2022</span></td></tr><tr style="height:5pt"><td colspan="27" style="border-left:1pt solid #000000;border-right:1pt solid #000000;border-top:1pt solid #000000;padding:0 1pt"/></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ASU 2019-12 "Income Taxes (Topic 740)"</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">December 2019</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">The standard provides final guidance that simplifies the accounting for income taxes by eliminating certain exceptions to the guidance in ASC 740 related to the approach for intra-period tax allocation, the methodology for calculating income taxes in an interim period and the recognition of deferred tax liabilities for outside basis differences. The guidance simplifies accounting for franchise taxes and enacted changes in tax laws or rates and clarifies the accounting for transactions that result in a step-up in the tax basis of goodwill. .</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">First Quarter Fiscal 2022</span></td><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">We adopted this standard effective April 1, 2021 with no material impact to our consolidated financial statements.</span></div></td></tr><tr><td colspan="3" style="background-color:#ffffff;border-left:1pt solid #000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">ASU 2020-06 "Debt—Debt with Conversion and Other Options (Subtopic 470-20) and Derivatives and Hedging—Contracts in Entity’s Own Equity (Subtopic 815-40)"</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:center;vertical-align:top"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">August 2020</span></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">This standard simplifies the accounting for convertible instruments and its application of the derivatives scope exception for contracts in an entity’s own equity. The standard reduces the number of accounting models that require separating embedded conversion features from convertible instruments. As a result, only conversion features accounted for under the substantial premium model and those that require bifurcation will be accounted for separately. For contracts in an entity’s own equity, the new standard eliminates some of the current requirements for equity classification. The standard also addresses how convertible instruments are accounted for in the diluted earnings per share calculation and requires enhanced disclosures about the terms of convertible instruments and contracts in an entity’s own equity. </span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="text-align:center"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">First Quarter Fiscal 2022</span></div></td><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-right:1pt solid #000000;border-top:1pt solid #000;padding:2px 1pt;text-align:left;vertical-align:top"><div style="margin-bottom:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:100%">We adopted this standard effective April 1, 2021 and applied it to our accounting for the convertible debt assumed in the acquisition of Cantel Medical Corp. ("Cantel"). </span></div></td></tr><tr style="height:3pt"><td colspan="3" style="background-color:#ffffff;border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000;padding:0 1pt"/><td colspan="3" style="border-top:1pt solid #000000;padding:0 1pt"/></tr><tr style="height:11pt"><td colspan="3" style="background-color:#ffffff;padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/><td colspan="3" style="padding:0 1pt"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/><td colspan="3" style="display:none"/></tr><tr><td colspan="3" style="display:none"/></tr></table></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">A detailed description of our significant and critical accounting policies, estimates, and assumptions is included in our consolidated financial statements included in our Annual Report on Form 10-K for the year ended March 31, 2021 dated May 28, 2021. Our significant and critical accounting policies, estimates, and assumptions have not changed materially from March 31, 2021.</span></div> | |
CY2021Q2 | ste |
Consideration Related To Equity Component Of Convertible Debt
ConsiderationRelatedToEquityComponentOfConvertibleDebt
|
175555000 | USD |
CY2021Q2 | ste |
Cantel Acquisition Assumed Debt Obligations
CantelAcquisitionAssumedDebtObligations
|
721284000 | USD |
CY2021Q2 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We make certain estimates and assumptions when preparing financial statements according to U.S. GAAP that affect the reported amounts of assets and liabilities at the financial statement dates and the reported amounts of revenues and expenses during the periods presented. These estimates and assumptions involve judgments with respect to many factors that are difficult to predict and are beyond our control. Actual results could be materially different from these estimates. We revise the estimates and assumptions as new information becomes available. This means that operating results for the three month period ended June 30, 2021 are not necessarily indicative of results that may be expected for future quarters or for the full fiscal year ending March 31, 2022.</span></div> | |
CY2021Q2 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
35722000 | USD |
CY2020Q2 | us-gaap |
Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
|
30804000 | USD |
CY2021Q2 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
1371500000 | USD |
CY2021Q2 | dei |
Entity Number Of Employees
EntityNumberOfEmployees
|
3700 | |
CY2021Q2 | us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
716412000 | USD |
CY2021Q2 | us-gaap |
Business Combination Consideration Transferred Other1
BusinessCombinationConsiderationTransferredOther1
|
14000 | USD |
CY2021Q2 | us-gaap |
Business Combination Consideration Transferred Equity Interests Issued And Issuable
BusinessCombinationConsiderationTransferredEquityInterestsIssuedAndIssuable
|
2689317000 | USD |
CY2021Q2 | ste |
Consideration Transferred Equity Awards Issued And Issuable
ConsiderationTransferredEquityAwardsIssuedAndIssuable
|
18173000 | USD |
CY2021Q2 | ste |
Contingent Consideration Liability Assumed In Cantel Combination
ContingentConsiderationLiabilityAssumedInCantelCombination
|
25000000 | USD |
CY2021Q2 | ste |
Net Sales Attributable To Cantel
NetSalesAttributableToCantel
|
101758000 | USD |
CY2021Q2 | ste |
Operating Loss Income Attributable To Cantel
OperatingLossIncomeAttributableToCantel
|
-133190000 | USD |
CY2021Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
1173519000 | USD |
CY2020Q2 | us-gaap |
Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
|
869874000 | USD |
CY2021Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
93635000 | USD |
CY2020Q2 | us-gaap |
Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
|
-90382000 | USD |
CY2021Q2 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
183233000 | USD |
CY2021Q1 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
103939000 | USD |
CY2021Q2 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
72119000 | USD |
CY2021Q1 | us-gaap |
Inventory Work In Process
InventoryWorkInProcess
|
54283000 | USD |
CY2021Q2 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
376381000 | USD |
CY2021Q1 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
176623000 | USD |
CY2021Q2 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
38666000 | USD |
CY2021Q1 | us-gaap |
Inventory Valuation Reserves
InventoryValuationReserves
|
19778000 | USD |
CY2021Q2 | us-gaap |
Inventory Net
InventoryNet
|
593067000 | USD |
CY2021Q1 | us-gaap |
Inventory Net
InventoryNet
|
315067000 | USD |
CY2021Q2 | us-gaap |
Land
Land
|
84154000 | USD |
CY2021Q1 | us-gaap |
Land
Land
|
69477000 | USD |
CY2021Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
662527000 | USD |
CY2021Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
567132000 | USD |
CY2021Q2 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
866896000 | USD |
CY2021Q1 | us-gaap |
Machinery And Equipment Gross
MachineryAndEquipmentGross
|
779044000 | USD |
CY2021Q2 | ste |
Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
|
224584000 | USD |
CY2021Q1 | ste |
Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
|
193222000 | USD |
CY2021Q2 | us-gaap |
Materials Supplies And Other
MaterialsSuppliesAndOther
|
577724000 | USD |
CY2021Q1 | us-gaap |
Materials Supplies And Other
MaterialsSuppliesAndOther
|
565681000 | USD |
CY2021Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
274414000 | USD |
CY2021Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
211381000 | USD |
CY2021Q2 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2690299000 | USD |
CY2021Q1 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
2385937000 | USD |
CY2021Q2 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1190851000 | USD |
CY2021Q1 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
1150537000 | USD |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1499448000 | USD |
CY2021Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1235400000 | USD |
CY2021Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
6875000 | USD |
CY2021Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
0 | USD |
CY2021Q2 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
6875000 | USD |
CY2021Q1 | us-gaap |
Short Term Borrowings
ShortTermBorrowings
|
0 | USD |
CY2021Q2 | us-gaap |
Senior Notes
SeniorNotes
|
862719000 | USD |
CY2021Q1 | us-gaap |
Senior Notes
SeniorNotes
|
860308000 | USD |
CY2021Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
0 | USD |
CY2021Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
247423000 | USD |
CY2021Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
28160000 | USD |
CY2021Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
7191000 | USD |
CY2021Q2 | ste |
Term Loan
TermLoan
|
418125000 | USD |
CY2021Q1 | ste |
Term Loan
TermLoan
|
550000000 | USD |
CY2021Q2 | ste |
Delayed Draw Term Loan
DelayedDrawTermLoan
|
650000000 | USD |
CY2021Q1 | ste |
Delayed Draw Term Loan
DelayedDrawTermLoan
|
0 | USD |
CY2021Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
4030000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
0 | USD |
CY2021Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
3256714000 | USD |
CY2021Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
1650540000 | USD |
CY2021Q2 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
3431589000 | USD |
CY2021Q1 | us-gaap |
Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
|
1650540000 | USD |
CY2021Q2 | ste |
Delayed Draw Term Loan
DelayedDrawTermLoan
|
650000000 | USD |
CY2021Q2 | ste |
Business Acquisition Shares Received Per Ordinary Share
BusinessAcquisitionSharesReceivedPerOrdinaryShare
|
0.33787 | shares |
CY2021Q2 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q2 | ste |
Debt Instrument Convertible Units Of Property Reference
DebtInstrumentConvertibleUnitsOfPropertyReference
|
25.0843 | |
CY2021Q2 | ste |
Debt Instrument Convertible Parent Shares
DebtInstrumentConvertibleParentShares
|
8.4752 | shares |
CY2021Q2 | ste |
Debt Instrument Convertible Cash Per One Thousand Dollars Ratio
DebtInstrumentConvertibleCashPerOneThousandDollarsRatio
|
424.68 | |
CY2021Q2 | ste |
Debt Instrument Convertible Increase In Conversion Rate Shares
DebtInstrumentConvertibleIncreaseInConversionRateShares
|
0.9931 | shares |
CY2021Q2 | ste |
Debt Instrument Convertible Stock Price
DebtInstrumentConvertibleStockPrice
|
81.3520 | |
CY2021Q2 | ste |
Consideration Related To Equity Component Of Convertible Debt
ConsiderationRelatedToEquityComponentOfConvertibleDebt
|
175555000 | USD |
CY2021Q2 | ste |
Convertible Debt Premium Liability
ConvertibleDebtPremiumLiability
|
198478000 | USD |
CY2021Q2 | ste |
Long Term Debt Daily Volume Weighted Average Price
LongTermDebtDailyVolumeWeightedAveragePrice
|
208.45 | |
CY2021Q2 | ste |
Long Term Debt Increase Decrease In Daily Volume Weighted Average Price Percent
LongTermDebtIncreaseDecreaseInDailyVolumeWeightedAveragePricePercent
|
0.050 | |
CY2021Q2 | ste |
Long Term Debt Increase Decrease In Non Operating Expenses
LongTermDebtIncreaseDecreaseInNonOperatingExpenses
|
11300000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Rolling Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextRollingTwelveMonths
|
168000000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
142875000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
60000000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
165938000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
502500000 | USD |
CY2021Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
2416406000 | USD |
CY2021Q2 | ste |
Long Term Debt Excluding Deferred Financing Fees
LongTermDebtExcludingDeferredFinancingFees
|
3455719000 | USD |
CY2021Q2 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
112225000 | USD |
CY2021Q1 | us-gaap |
Employee Related Liabilities Current And Noncurrent
EmployeeRelatedLiabilitiesCurrentAndNoncurrent
|
47157000 | USD |
CY2021Q2 | us-gaap |
Accrued Vacation Current And Noncurrent
AccruedVacationCurrentAndNoncurrent
|
20081000 | USD |
CY2021Q1 | us-gaap |
Accrued Vacation Current And Noncurrent
AccruedVacationCurrentAndNoncurrent
|
12389000 | USD |
CY2021Q2 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
40759000 | USD |
CY2021Q1 | us-gaap |
Accrued Bonuses Current And Noncurrent
AccruedBonusesCurrentAndNoncurrent
|
62530000 | USD |
CY2021Q2 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
15945000 | USD |
CY2021Q1 | us-gaap |
Accrued Liabilities For Commissions Expense And Taxes
AccruedLiabilitiesForCommissionsExpenseAndTaxes
|
24022000 | USD |
CY2021Q2 | us-gaap |
Other Postretirement Benefits Payable Current And Noncurrent
OtherPostretirementBenefitsPayableCurrentAndNoncurrent
|
1326000 | USD |
CY2021Q1 | us-gaap |
Other Postretirement Benefits Payable Current And Noncurrent
OtherPostretirementBenefitsPayableCurrentAndNoncurrent
|
1326000 | USD |
CY2021Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrentAndNoncurrent
|
2831000 | USD |
CY2021Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Current And Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrentAndNoncurrent
|
2654000 | USD |
CY2021Q2 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
193167000 | USD |
CY2021Q1 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
150078000 | USD |
CY2021Q2 | us-gaap |
Deferred Revenue
DeferredRevenue
|
102133000 | USD |
CY2021Q1 | us-gaap |
Deferred Revenue
DeferredRevenue
|
62492000 | USD |
CY2021Q2 | ste |
Serviceliabilities
Serviceliabilities
|
44852000 | USD |
CY2021Q1 | ste |
Serviceliabilities
Serviceliabilities
|
46720000 | USD |
CY2021Q2 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
9068000 | USD |
CY2021Q1 | us-gaap |
Self Insurance Reserve Current
SelfInsuranceReserveCurrent
|
8095000 | USD |
CY2021Q2 | us-gaap |
Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
|
31851000 | USD |
CY2021Q1 | us-gaap |
Accrued Sales Commission Current And Noncurrent
AccruedSalesCommissionCurrentAndNoncurrent
|
27348000 | USD |
CY2021Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
13633000 | USD |
CY2021Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9406000 | USD |
CY2021Q2 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
1199000 | USD |
CY2021Q1 | us-gaap |
Asset Retirement Obligation Current
AssetRetirementObligationCurrent
|
1193000 | USD |
CY2021Q2 | ste |
Accrued Interest
AccruedInterest
|
16285000 | USD |
CY2021Q1 | ste |
Accrued Interest
AccruedInterest
|
7751000 | USD |
CY2021Q2 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
81749000 | USD |
CY2021Q1 | us-gaap |
Other Accrued Liabilities Current And Noncurrent
OtherAccruedLiabilitiesCurrentAndNoncurrent
|
57552000 | USD |
CY2021Q2 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
300770000 | USD |
CY2021Q1 | us-gaap |
Accrued Liabilities Current And Noncurrent
AccruedLiabilitiesCurrentAndNoncurrent
|
220557000 | USD |
CY2021Q2 | us-gaap |
Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
|
17295000 | USD |
CY2021Q1 | us-gaap |
Self Insurance Reserve Noncurrent
SelfInsuranceReserveNoncurrent
|
17295000 | USD |
CY2021Q2 | us-gaap |
Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
|
8279000 | USD |
CY2021Q1 | us-gaap |
Other Postretirement Benefits Payable Noncurrent
OtherPostretirementBenefitsPayableNoncurrent
|
8690000 | USD |
CY2021Q2 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
4020000 | USD |
CY2021Q1 | us-gaap |
Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
|
3748000 | USD |
CY2021Q2 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
1733000 | USD |
CY2021Q1 | us-gaap |
Pension And Other Postretirement And Postemployment Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent
|
2353000 | USD |
CY2021Q2 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
13241000 | USD |
CY2021Q1 | us-gaap |
Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
|
13241000 | USD |
CY2021Q2 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
12361000 | USD |
CY2021Q1 | us-gaap |
Asset Retirement Obligations Noncurrent
AssetRetirementObligationsNoncurrent
|
12137000 | USD |
CY2021Q2 | ste |
Longtermliabilitiesother
Longtermliabilitiesother
|
29111000 | USD |
CY2021Q1 | ste |
Longtermliabilitiesother
Longtermliabilitiesother
|
30546000 | USD |
CY2021Q2 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
86040000 | USD |
CY2021Q1 | us-gaap |
Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
|
88010000 | USD |
CY2021Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.244 | |
CY2020Q2 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.176 | |
CY2021Q2 | us-gaap |
Income Tax Examination Estimate Of Possible Loss
IncomeTaxExaminationEstimateOfPossibleLoss
|
12000000 | USD |
CY2021Q2 | ste |
Uncertain Tax Liability Resulting From Irs Notice
UncertainTaxLiabilityResultingFromIRSNotice
|
50000000 | USD |
CY2021Q2 | ste |
Amortizationandimpairmentofacquiredintangibleassets
Amortizationandimpairmentofacquiredintangibleassets
|
41741000 | USD |
CY2020Q2 | ste |
Amortizationandimpairmentofacquiredintangibleassets
Amortizationandimpairmentofacquiredintangibleassets
|
17500000 | USD |
CY2021Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
140996000 | USD |
CY2020Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1286000 | USD |
CY2021Q2 | ste |
Tax Restructuring Costs
TaxRestructuringCosts
|
-49000 | USD |
CY2020Q2 | ste |
Tax Restructuring Costs
TaxRestructuringCosts
|
170000 | USD |
CY2021Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
-419000 | USD |
CY2020Q2 | us-gaap |
Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
|
-10000 | USD |
CY2021Q2 | ste |
Amortizationofinventoryandpropertystepuptofairvalue
Amortizationofinventoryandpropertystepuptofairvalue
|
24789000 | USD |
CY2020Q2 | ste |
Amortizationofinventoryandpropertystepuptofairvalue
Amortizationofinventoryandpropertystepuptofairvalue
|
603000 | USD |
CY2021Q2 | ste |
Covid19incrementalcosts
COVID19incrementalcosts
|
0 | USD |
CY2020Q2 | ste |
Covid19incrementalcosts
COVID19incrementalcosts
|
8670000 | USD |
CY2021Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
14000 | USD |
CY2020Q2 | us-gaap |
Restructuring Charges
RestructuringCharges
|
166000 | USD |
CY2021Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
14324000 | USD |
CY2020Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
115817000 | USD |
CY2021Q2 | us-gaap |
Revenues
Revenues
|
968422000 | USD |
CY2020Q2 | us-gaap |
Revenues
Revenues
|
668932000 | USD |
CY2021Q2 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1499448000 | USD |
CY2021Q1 | us-gaap |
Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
|
1235400000 | USD |
CY2021Q2 | us-gaap |
Assets
Assets
|
12101007000 | USD |
CY2021Q1 | us-gaap |
Assets
Assets
|
6574471000 | USD |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
90152000 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
84959000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
840000 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
717000 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
90992000 | shares |
CY2020Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
85676000 | shares |
CY2021Q2 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2021Q2 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2021Q2 | ste |
Deferred Ordinary Shares
DeferredOrdinaryShares
|
25000 | shares |
CY2019Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
78979000 | USD |
CY2019Q3 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
300000000 | USD |
CY2021Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
333932000 | USD |
CY2020Q2 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
35000 | shares |
CY2020Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
5047000 | USD |
CY2021Q2 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
59648 | shares |
CY2021Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
10670000 | USD |
CY2020Q2 | us-gaap |
Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
|
63150 | shares |
CY2020Q2 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
9248000 | USD |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
|
3275133 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0116 | |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0046 | |
CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y9M18D | |
CY2020Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P6Y | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0097 | |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0.0096 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.2441 | |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.2304 | |
CY2021Q2 | ste |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
|
0.0285 | |
CY2020Q2 | ste |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsForfeitureRate
|
0.0278 | |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1637047 | shares |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
112.03 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
|
200684 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
210.31 | |
CY2021Q2 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
36853 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
50.23 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
0 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
0 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
1800878 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
124.25 | |
CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P6Y10M24D | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
|
148573000 | USD |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1155980 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
96.73 | |
CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
|
P5Y10M24D | |
CY2021Q2 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
126658000 | USD |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
|
621487 | shares |
CY2021Q2 | ste |
Common Stock Fair Market Value Per Share
CommonStockFairMarketValuePerShare
|
206.30 | |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
5469000 | USD |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue
|
9581000 | USD |
CY2021Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1710000 | USD |
CY2020Q2 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
5367000 | USD |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
36.24 | |
CY2020Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
27.44 | |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
|
67599000 | USD |
CY2021Q2 | us-gaap |
Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
|
P2Y4M24D | |
CY2021Q1 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9406000 | USD |
CY2021Q2 | us-gaap |
Standard Product Warranty Accrual Additions From Business Acquisition
StandardProductWarrantyAccrualAdditionsFromBusinessAcquisition
|
4769000 | USD |
CY2021Q2 | us-gaap |
Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
|
3530000 | USD |
CY2021Q2 | us-gaap |
Standard Product Warranty Accrual Payments
StandardProductWarrantyAccrualPayments
|
4072000 | USD |
CY2021Q2 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
13633000 | USD |
CY2021Q2 | ste |
Nonderivative Net Investment Hedge
NonderivativeNetInvestmentHedge
|
50102000 | USD |
CY2021Q2 | us-gaap |
Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
|
-16000 | USD |
CY2020Q2 | us-gaap |
Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
|
309000 | USD |
CY2021Q1 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
19642000 | USD |
CY2021Q2 | ste |
Contingent Consideration Liability Assumed In Cantel Combination
ContingentConsiderationLiabilityAssumedInCantelCombination
|
25000000 | USD |
CY2021Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
19805000 | USD |
CY2021Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-61243000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
25524000 | USD |
CY2021Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-1098000 | USD |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
24426000 | USD |
CY2021Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-36817000 | USD |
CY2020Q1 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-235463000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
27937000 | USD |
CY2020Q2 | us-gaap |
Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
|
-828000 | USD |
CY2020Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
27109000 | USD |
CY2020Q2 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
-208354000 | USD |