Company: PBH
Filing Date: 2025-05-09
Form Type: 10-K
Source: 0001295947-25-000017
Chunk: 125

Company: Prestige Consumer Healthcare Inc.
Filing Date: 2025-05-09
Form: 10-K
Item: Item 8
Chunk 125
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.S. Federal tax rate is as follows: Year Ended March 31,202520242023(In thousands) % % %Income tax provision (benefit) at statutory rate$59,680 21.0 $57,965 21.0 $(19,722)21.0 Foreign tax provision4,691 1.7 3,164 1.1 4,168 (4.4)State income taxes provision (benefit), net of federal income tax benefit10,187 3.6 6,004 2.2 (5,300)5.6 Goodwill impairment— — — — 10,232 (10.9)Research and development(600)(0.2)(700)(0.3)(514)0.5 Compensation limitations1,312 0.5 1,910 0.7 1,483 (1.6)Foreign tax credit(622)(0.2)(889)(0.3)(1,297)1.4 Uncertain tax positions(3,694)(1.3)390 0.1 (91)0.1 Other(1,370)(0.6)(1,158)(0.3)(568)0.7 Total provision (benefit) for income taxes$69,584 24.5 $66,686 24.2 $(11,609)12.4 Uncertain tax liability activity is as follows: 202520242023(In thousands)  Balance – beginning of year$3,325 $3,295 $3,562 Reductions based on lapse of statute of limitations(2,649)(417)(495)Payments and other movements390 447 228 Balance – end of year$1,066 $3,325 $3,295 We recognize interest and penalties related to uncertain tax positions as a component of income tax (benefit) expense.  We did not incur any material interest or penalties related to income taxes in 2025, 2024 or 2023.  We reasonably anticipate that uncertain tax positions could decrease in the next year by approximately $0.2 million, principally due to the statute of limitation expirations if recognized and would impact the effective tax rate in a future period.  We are subject to taxation in the United States and various state and foreign jurisdictions,