Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 112

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 112
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 the years ended March 31, 2025 and 2024 were as follows:March 31,(In thousands)20252024Finance lease cost:     Amortization of right-of-use assets$2,230 $2,658      Interest on lease liabilities375 88 Operating lease cost7,332 6,564 Short term lease cost139 132 Variable lease cost55,399 61,069 Total net lease cost$65,475 $70,511 As of March 31, 2025, the maturities of lease liabilities were as follows:

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(In thousands)Year Ending March 31,Operating LeasesFinancing LeasesTotal2026$7,595 $3,875 $11,470 20277,239 3,875 11,114 20286,837 3,875 10,712 20295,556 3,869 9,425 20305,169 3,366 8,535 Thereafter1,147 10,658 11,805 Total undiscounted lease payments33,543 29,518 63,061 Less amount of lease payments representing interest(4,764)(6,404)(11,168)Total present value of lease payments$28,779 $23,114 $51,893 The weighted average remaining lease term and weighted average discount rate were as follows:March 31, 2025Weighted average remaining lease term (years)Operating leases4.76Financing leases8.09Weighted average discount rateOperating leases6.55 %Financing leases6.33 %On October 1, 2024, we entered into Amendments 3 and 4 extending the Master Logistics Services Agreement with GEODIS Logistics LLC ("GEODIS") as our third-party logistics provider. Under this agreement, we have extended our May 2019 agreement that authorized GEODIS to lease a facility and equipment for an additional 65 month term. The lease and non-lease components were recorded in our fiscal 2025 financial statements. The ROU asset and operating lease liability at lease commencement was $23.0 million. The GEODIS amendments also included a new finance lease and the renewal of previous finance leases for assets purchased by GEODIS for our use under the Master Logistics Agreement. The ROU asset and finance lease liability at lease commencement was $4.7