Intangible Assets, net

9 Months Ended

Dec. 31, 2025

Goodwill and Intangible Assets Disclosure [Abstract]

A reconciliation of the activity affecting intangible assets, net is as follows:


(In thousands)	Indefinite- Lived Trademarks		Finite-Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2025	$	2,136,986	$	434,500	$	2,571,486

Additions (a)	—		13,865		13,865


Effects of foreign currency exchange rates	4,623		1,184		5,807
Balance — December 31, 2025	$	2,141,609	$	449,549	$	2,591,158

Accumulated Amortization
Balance — March 31, 2025	$	—	$	276,136	$	276,136

Additions	—		13,349		13,349

Effects of foreign currency exchange rates	—		137		137
Balance — December 31, 2025	$	—	$	289,622	$	289,622

Intangible assets, net - December 31, 2025	$	2,141,609	$	159,927	$	2,301,536

(a) On October 31, 2025, we completed the acquisition of Feminax. In connection with this asset acquisition, we allocated the entire purchase price of $13.9 million to intangible assets.

Amortization expense was $4.4 million and $13.3 million for the three and nine months ended December 31, 2025, respectively, and $4.2 million and $14.0 million for the three and nine months ended December 31, 2024, respectively.

Finite-lived intangible assets are expected to be amortized over their estimated useful life, which ranges from a period of 10 to 24 years, and the estimated amortization expense for each of the five succeeding years and the periods thereafter is as follows (in thousands):


(In thousands)
Year Ending March 31,	Amount
2026 (remaining three months ended March 31, 2026)	$	4,265
2027	16,463
2028	14,138
2029	14,139
2030	14,139
Thereafter	96,783
	$	159,927

At February 28, 2025, the date of our annual impairment review, we recorded impairment charges of $12.5 million in our March 31, 2025 financial statements. The assumptions subject to significant uncertainties in the impairment analysis include the discount rate utilized in the analysis, as well as future sales, gross margins, and advertising and marketing expenses. The discount rate assumption may be influenced by such factors as changes in interest rates and rates of inflation, which can have an impact on the determination of fair value. Additionally, should the related fair values of intangible assets be adversely affected as a result of declining sales or margins caused by competition, changing consumer needs or preferences, technological advances, changes in advertising and marketing expenses, supply chain constraints, labor shortages, or inflation, we may be required to record impairment charges in the future. As of December 31, 2025, no events have occurred that would indicate potential impairment of intangible assets.

Prestige Consumer Healthcare Inc. 10-Q