| Cover | 12 Months Ended |
| Dec. 31, 2022 | |
| Document Information [Line Items] | |
| Document Type | DEF 14A |
| Amendment Flag | false |
| Entity Information [Line Items] | |
| Entity Registrant Name | LeMaitre Vascular, Inc. |
| Entity Central Index Key | 0001158895 |
| Pay vs Performance Disclosure Pure in Millions | 12 Months Ended | ||
| Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | Dec. 31, 2020 USD ($) | |
| Pay vs Performance Disclosure [Table] | |||
| Pay vs Performance [Table Text Block] | PAY VERSUS PERFORMANCE As described in greater detail in “Executive Compensation – Compensation Discussion and Analysis,” our executive compensation program reflects a variable pay-for-performance philosophy. The following table and related disclosures provide further “pay versus performance” disclosure with respect to our chief executive officer, also referred to as our principal executive officer (PEO), and our other named executive officers (NEOs), as contemplated by Item 402(v) of Regulation S-K. Year Summary Compensation Table Total to PEO 1 Compensation Actually Paid to PEO 2 Average Summary Compensation Table Total For Non-PEO Average Compensation Actually Paid to Non-PEO Value of Initial Fixed $100 Investment Based On: Net Income (millions) 7 Income from Operations (millions) 8 Named Executive Officers 3 Named Executive Officers 4 Company TSR 5 Peer Group TSR 6 (a) (b) (c) (d) (e) (f) (g) (h) (i) 2022 $ 1,940,112 $ 2,426,823 $ 876,242 $ 984,574 $ 132 $ 97 $ 20.6 $ 26.8 2021 $ 1,982,030 $ 5,341,607 $ 905,073 $ 1,704,467 $ 143 $ 144 $ 26.9 $ 36.4 2020 $ 1,386,506 $ 3,114,459 $ 598,045 $ 1,062,349 $ 114 $ 140 $ 21.2 $ 28.8 (1) The dollar amounts reported in column (b) are the amounts of total compensation reported for Mr. LeMaitre (our Chief Executive Officer or PEO) for each corresponding year in the “Total” column of the Summary Compensation Table. Refer to “Executive Compensation –Summary Compensation Table.” | ||
| PEO Total Compensation Amount | $ 1,940,112 | $ 1,982,030 | $ 1,386,506 |
| PEO Actually Paid Compensation Amount | $ 2,426,823 | 5,341,607 | 3,114,459 |
| Adjustment To PEO Compensation, Footnote [Text Block] | (2) The dollar amounts reported in column (c) represent the amount of “compensation actually paid” to Mr. LeMaitre, as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the average amount of compensation earned by or paid to Mr. LeMaitre during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average compensation for Mr. LeMaitre for each year to determine the compensation actually paid: Year Reported Summary Compensation Table Total for PEO Reported Value of Equity Awards (a) Equity Award Adjustments (b) Compensation Actually Paid to PEO 2022 $1,940,112 ($1,100,000) $1,586,711 $2,426,823 2021 $1,982,030 ($1,100,000) $4,459,577 $5,341,607 2020 $1,386,506 ($725,000) $2,452,953 $3,114,459 (a) Represents the grant date fair value of equity-based awards granted each year as reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year. Because we do not maintain a pension in which any NEO participates, no adjustments from the SCT total related to pension value are needed to calculate “compensation actually paid” in accordance with Item 402(v) of Regulation S-K. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows: Year Year End Fair Value of Equity Awards Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation Total Equity Award Adjustments 2022 $1,065,968 ($357,456) $1,759 $1,161,759 ($286,647) $1,329 $1,586,711 2021 $1,157,309 $703,308 $2,304 $2,596,656 $0 $0 $4,459,577 2020 $831,690 $448,074 $2,387 $1,170,802 $0 $0 $2,452,953 (3) The dollar amounts reported in column (d) represent the average of the amounts reported for the Company’s named executive officers (NEOs) as a group (excluding Mr. LeMaitre, who has served as our CEO in each of the covered years) in the “Total” column of the Summary Compensation Table in each applicable year. For each of the reported years, the names of each of the NEOs (excluding Mr. LeMaitre) included for purposes of calculating the average amounts in each applicable year are David B. Roberts, Joseph P. Pellegrino, and Trent G. Kamke. | ||
| Non-PEO NEO Average Total Compensation Amount | $ 876,242 | 905,073 | 598,045 |
| Non-PEO NEO Average Compensation Actually Paid Amount | $ 984,574 | 1,704,467 | 1,062,349 |
| Adjustment to Non-PEO NEO Compensation Footnote [Text Block] | (4) The dollar amounts reported in column (e) represent the average amount of “compensation actually paid” (CAP) to the NEOs as a group (excluding Mr. LeMaitre), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. LeMaitre) during the applicable year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to the average compensation for the NEOs as a group (excluding Mr. LeMaitre) for each year to determine the compensation actually paid: Year Average Reported Summary Compensation Table Total for Non-PEO NEOs Average Reported Value of Equity Awards (a) Average Equity Award Adjustments (b) Average Compensation Actually Paid to Non-PEO NEOs 2022 $876,242 ($408,333) $516,666 $984,574 2021 $905,073 ($408,333) $1,207,728 $1,704,467 2020 $598,045 ($205,000) $669,304 $1,062,349 (a) Represents the grant date fair value of equity-based awards granted each year as reported in the “Stock Awards” and “Option Awards” columns in the Summary Compensation Table for the applicable year. Because we do not maintain a pension in which any NEO participates, no adjustments from the SCT total related to pension value are needed to calculate “compensation actually paid” in accordance with Item 402(v) of Regulation S-K. (b) The equity award adjustments for each applicable year include the addition (or subtraction, as applicable) of the following: (i) the year-end fair value of any equity awards granted in the applicable year that are outstanding and unvested as of the end of the year; (ii) the amount of change as of the end of the applicable year (from the end of the prior fiscal year) in fair value of any awards granted in prior years that are outstanding and unvested as of the end of the applicable year; (iii) for awards that are granted and vest in same applicable year, the fair value as of the vesting date; (iv) for awards granted in prior years that vest in the applicable year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in fair value; (v) for awards granted in prior years that are determined to fail to meet the applicable vesting conditions during the applicable year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on awards in the applicable year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the applicable year. The valuation assumptions used to calculate fair values did not materially differ from those disclosed at the time of grant. The amounts deducted or added in calculating the equity award adjustments are as follows: Year Average Year End Fair Value of Equity Awards Year over Year Average Change in Fair Value of Outstanding and Unvested Equity Awards Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year Year over Year Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation Total Average Equity Award Adjustments 2022 $395,661 ($108,829) $6,860 $328,914 ($106,362) $422 $516,666 2021 $429,021 $198,028 $384 $580,295 $0 $0 $1,207,728 2020 $234,727 $119,345 $772 $314,460 $0 $0 $669,304 (5) Company TSR is calculated to show the cumulative stockholder return on our common stock during the covered period, including reinvestment of dividends. (6) Represents the weighted peer group TSR, weighted according to the respective companies’ stock market capitalization at the beginning of each period for which a return is indicated. The peer group used for this purpose is the following published industry index: Nasdaq Medical Equipment Index. (7) The dollar amounts reported represent the amount of net income reflected in our audited financial statements for the applicable year. (8) The dollar amounts reported represent the amount of income from operations reflected in our audited financial statements for the applicable year. With respect to fiscal 2022, the Company’s bonus plan target level with respect to income from operations was set to adjusted income from operations to account for a restructuring charge. | ||
| Compensation Actually Paid vs. Total Shareholder Return [Text Block] | Analysis of the Information Presented in the Pay versus Performance Table While we utilize several performance measures to align executive compensation with our performance, all of these measures are not presented in the above Pay versus Performance Table. Moreover, we generally seek to incentivize long-term performance, and therefore do not specifically align our performance measures with compensation that is actually paid (as computed in accordance with Item 402(v) of Regulation S-K) for a particular year. In accordance with Item 402(v) of Regulation S-K, we are providing the following descriptions of the relationships between information presented in the Pay versus Performance Table. CAP versus TSR As shown in the chart below, the PEO and other NEOs’ CAP amounts are aligned with the Company’s TSR. This is due primarily to the Company’s use of equity incentives, which are tied directly to stock price in addition to the company’s financial performance. | ||
| Compensation Actually Paid vs. Net Income [Text Block] | CAP versus Net Income As shown in the chart below, while the variations in the Company’s net income and the PEO and other NEOs’ CAP have been directionally consistent each year. | ||
| Compensation Actually Paid vs. Company Selected Measure [Text Block] | CAP versus Company-Selected Measure (CSM) The chart below compares the PEO and other NEOs’ CAP to our CSM, income from operations, which indicates there is a very strong relationship between this CSM and CAP. | ||
| Total Shareholder Return Vs Peer Group [Text Block] | TSR: Company versus Peer Group As shown in the chart below, the Company's 3-year cumulative TSR is less than the companies included in our industry index, the Nasdaq Medical Equipment Index. For more information regarding the Company’s performance and the companies that the Compensation Committee considers when determining compensation, refer to “Executive Compensation – Compensation Discussion and Analysis.” The information contained above under the heading “Pay Versus Performance” shall not be incorporated by reference into any future filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended, except to the extent that we specifically incorporate it by reference in any such filing. | ||
| Tabular List [Table Text Block] | Financial Performance Measures As described in greater detail in “Executive Compensation – Compensation Discussion and Analysis,” our executive compensation program reflects a variable pay-for-performance philosophy. The most important financial performance measures we used to link executive compensation actually paid to our NEOs, for the most recently completed fiscal year, to our performance are as follows: ● Net sales; ● Income from operations; ● Adjusted income from operations; and ● Net income | ||
| Total Shareholder Return Amount | $ 132 | 143 | 114 |
| Peer Group Total Shareholder Return Amount | 97 | 144 | 140 |
| Net Income (Loss) | $ 20,600,000 | $ 26,900,000 | $ 21,200,000 |
| Company Selected Measure Amount | 26.8 | 36.4 | 28.8 |
| Measure [Axis]: 1 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Net sales | ||
| Measure [Axis]: 2 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Income from operations | ||
| Measure [Axis]: 3 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Adjusted income from operations | ||
| Measure [Axis]: 4 | |||
| Pay vs Performance Disclosure [Table] | |||
| Measure Name | Net income | ||
| PEO Reported Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | $ (1,100,000) | $ (1,100,000) | $ (725,000) |
| PEO Equity Award Adjustments [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,586,711 | 4,459,577 | 2,452,953 |
| PEO Year End Fair Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,065,968 | ||
| PEO Year over Year Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (357,456) | 703,308 | 448,074 |
| PEO Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,759 | 2,304 | 2,387 |
| PEO Year over Year Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,161,759 | 2,596,656 | 1,170,802 |
| PEO Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (286,647) | 0 | 0 |
| PEO Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,329 | 0 | 0 |
| PEO Total Equity Award Adjustments [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,586,711 | 4,459,577 | 2,452,953 |
| Year End Fair Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 1,157,309 | 831,690 | |
| NEO Average Reported Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (408,333) | (408,333) | (205,000) |
| NEO Average Equity Award Adjustments [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 516,666 | 1,207,728 | 669,304 |
| NEO Average Year End Fair Value of Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 395,661 | 429,021 | 234,727 |
| NEO Year over Year Average Change in Fair Value of Outstanding and Unvested Equity Awards [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (108,829) | 198,028 | 119,345 |
| NEO Average Fair Value as of Vesting Date of Equity Awards Granted and Vested in the Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 6,860 | 384 | 772 |
| NEO Year over Year Average Change in Fair Value of Equity Awards Granted in Prior Years that Vested in the Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 328,914 | 580,295 | 314,460 |
| NEO Average Fair Value at the End of the Prior Year of Equity Awards that Failed to Meet Vesting Conditions in the Year [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | (106,362) | 0 | 0 |
| NEO Average Value of Dividends or other Earnings Paid on Stock or Option Awards not Otherwise Reflected in Fair Value or Total Compensation [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | 422 | 0 | 0 |
| NEO Total Average Equity Award Adjustments [Member] | |||
| Pay vs Performance Disclosure [Table] | |||
| Adjustment to Compensation Amount | $ 516,666 | $ 1,207,728 | $ 669,304 |
