Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 128

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 128
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 in accumulated other comprehensive loss as of March 31, 2023:Unrecognized actuarial (gain)$(930)Balances in accumulated other comprehensive loss as of March 31, 2024:Unrecognized actuarial (gain)$(942)Balances in accumulated other comprehensive loss as of March 31, 2025:Unrecognized actuarial (gain)$(836)There was no unrecognized prior service credit for any of the periods presented.Assumptions used in determining the actuarial present value of the net periodic benefit cost (income) for the fiscal years ended March 31, 2025, 2024 and 2023 were as follows:March 31,202520242023 *Key assumptions:Discount rate   4.97%     4.88%   3.26% to 3.48% Expected return on plan assets, net of administrative fees—%—%2.75%*The qualified plan was remeasured at April 30, 2022 for settlement accounting, at which point a discount rate of 3.98% and an expected return assumption of 2.75% were selected and used to determine the net periodic benefit cost (income) for the remainder of the fourth quarter of fiscal 2023.Assumptions used in determining the actuarial present value of the benefit obligation as of March 31, 2025 and 2024 were as follows:March 31,20252024Key assumptions:Discount rate4.97%4.88% 

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In fiscal 2023, the determination of the expected long-term rate of return was derived from an optimized portfolio using an asset allocation software program.  The risk and return assumptions, along with the correlations between the asset classes, were entered into the program.  In fiscal 2024 and 2025, no long-term rate of return is expected due to the termination of the Plan.

16.     Commitments and Contingencies

We are involved from time to time in routine legal matters and other claims incidental to our business.  We review outstanding claims and proceedings internally and with external counsel as necessary to assess probability and amount of potential loss.  These assessments are re-evaluated at each reporting period and as new information becomes available to determine whether a reserve should be established or if any existing reserve should be adjusted.  The actual cost of resolving a claim or proceeding ultimately may be substantially different than the amount of the recorded reserve