Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 106

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 106
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 discounts, returns and uncollectible accounts(16,314)(16,377)Accounts receivable, net$194,293 $176,775 

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3.    Inventories

Inventories consist of the following: March 31,(In thousands)20252024Components of InventoriesPackaging and raw materials$26,562 $19,210 Work in process2,880 636 Finished goods118,267 118,871 Inventories$147,709 $138,717 Inventories are carried and depicted above at the lower of cost or net realizable value, which includes a reduction in inventory values of $4.0 million and $4.7 million at March 31, 2025 and 2024, respectively, related to obsolete and slow-moving inventory.

4.      Property, Plant and Equipment

Property, plant and equipment, net consist of the following: March 31,(In thousands)20252024Components of Property, Plant and EquipmentLand$550 $550 Building31,353 31,009 Machinery74,621 70,873 Computer equipment31,958 30,173 Furniture and fixtures3,341 3,294 Leasehold improvements10,610 10,555 Construction in progress3,350 2,413  155,783 148,867 Accumulated depreciation(81,235)(72,360)Property, plant and equipment, net$74,548 $76,507 

We recorded depreciation expense of $9.7 million, $8.2 million and $7.7 million for 2025, 2024 and 2023, respectively. 

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5.      Goodwill

The following table summarizes the changes in the carrying value of goodwill by operating segment for each of 2023, 2024 and 2025: (In thousands)North American OTC HealthcareInternational OTC HealthcareConsolidatedBalance – March 31, 2023   Goodwill$711,452 $30,204 $741,656 Accumulated impairment losses(212,516)(1,587)(214,103)Balance - March 31, 2023$498,936 $28,617 $527,553 Additions (a)— 621 621 Effects of foreign currency exchange rates— (441)(441)Balance