Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 124

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 124
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405 $(130,331)Foreign34,386 36,620 36,416 Total income (loss) before income taxes$284,189 $276,025 $(93,915)The provision (benefit) for income taxes consists of the following:Year Ended March 31, (In thousands)202520242023Current   Federal$34,156 $28,302 $33,475 State5,914 3,662 3,721 Foreign11,092 11,652 11,959 Deferred   Federal12,237 20,582 (52,473)State5,210 3,034 (8,201)Foreign975 (546)(90)Total provision (benefit) for income taxes$69,584 $66,686 $(11,609)The principal components of our deferred tax balances are as follows:March 31,(In thousands)20252024Deferred Tax Assets  Allowance for credit losses and sales returns$2,920 $4,070 Inventory capitalization2,069 1,685 Inventory reserves1,221 1,353 State income taxes9,631 8,246 Accrued liabilities1,275 1,431 Accrued compensation3,653 3,230 Stock compensation3,506 3,580 Research and development6,231 4,179 Lease liability12,086 2,604 Unrealized foreign exchange loss245 204 Other11,268 10,319 Total deferred tax assets$54,105 $40,901 Deferred Tax Liabilities  Property, plant and equipment$(9,081)$(9,403)Intangible assets(451,368)(430,308)Right-of-use asset(12,413)(2,371)Total deferred tax liabilities$(472,862)$(442,082)Net deferred tax liability$(418,757)$(401,181)The total net deferred tax liability shown above is net of $0.8 million and $2.4 million of deferred tax assets which are included in Other long-term assets on the Consolidated Balance Sheets as of March 31, 2025 and 2024, respectively.

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We had no valuation allowance as of March 31, 2025 and March 31, 2024. A reconciliation of the effective tax rate compared to the statutory U