Document and Entity Information	9 Months Ended
Document and Entity Information	Dec. 31, 2011	Feb. 06, 2012
Entity Information [Line Items]
Entity Registrant Name	Prestige Brands Holdings, Inc.
Entity Central Index Key	0001295947
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2011
Document Fiscal Year Focus	2012
Document Fiscal Period Focus	Q3
Amendment Flag	false
Entity Common Stock, Shares Outstanding		50,433,268

Consolidated Statements of Operations (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2011	Dec. 31, 2010
Revenues
Net sales	$ 105,799	$ 90,077	$ 304,678	$ 238,086
Other revenues	451	531	2,411	2,061
Total revenues	106,250	90,608	307,089	240,147
Cost of Sales
Cost of sales (exclusive of depreciation)	51,128	46,596	148,193	115,574
Gross profit	55,122	44,012	158,896	124,573
Operating Expenses
Advertising and promotion	15,274	13,049	38,580	28,775
General and administrative	13,655	15,426	32,366	30,941
Depreciation and amortization	2,563	2,513	7,683	7,336
Total operating expenses	31,492	30,988	78,629	67,052
Operating income	23,630	13,024	80,267	57,521
Other (income) expense
Interest income	(1)	0	(4)	0
Interest expense	8,117	7,674	24,977	18,508
Gain on settlement	0	0	(5,063)	0
Loss on extinguishment of debt	0		0	300
Total other expense	8,116	7,674	19,910	18,808
Income from continuing operations before income taxes	15,514	5,350	60,357	38,713
Provision for income taxes	6,004	3,204	23,130	15,948
Income from continuing operations	9,510	2,146	37,227	22,765
Discontinued Operations
Income from discontinued operations, net of income tax	0	32	0	591
Loss on sale of discontinued operations, net of income tax	0	0	0	(550)
Net income	$ 9,510	$ 2,178	$ 37,227	$ 22,806
Basic earnings per share:
Income from continuing operations (in dollars per share)	$ 0.19	$ 0.04	$ 0.74	$ 0.46
Income from discontinued operations and loss on sale of discontinued operations (in dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Net income (in dollars per share)	$ 0.19	$ 0.04	$ 0.74	$ 0.46
Diluted earnings per share:
Income from continuing operations (in dollars per share)	$ 0.19	$ 0.04	$ 0.73	$ 0.45
Income from discontinued operations and loss on sale of discontinued operations (in dollars per share)	$ 0.00	$ 0.00	$ 0.00	$ 0.00
Net income (in dollars per share)	$ 0.19	$ 0.04	$ 0.73	$ 0.45
Weighted average shares outstanding:
Basic (in shares)	50,307	50,085	50,256	50,059
Diluted (in shares)	50,684	50,533	50,667	50,260

Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2011	Mar. 31, 2011
Current assets
Cash and cash equivalents	$ 4,439	$ 13,334
Accounts receivable, net	50,163	44,393
Inventories	43,579	39,751
Deferred income tax assets	5,540	5,292
Prepaid expenses and other current assets	2,162	4,812
Total current assets	105,883	107,582
Property and equipment, net	1,238	1,444
Goodwill	153,696	154,896
Intangible assets, net	779,242	786,361
Other long-term assets	5,788	6,635
Total Assets	1,045,847	1,056,918
Liabilities and Stockholders' Equity
Accounts payable	23,977	21,615
Accrued interest payable	5,181	10,313
Other accrued liabilities	23,905	22,280
Total current liabilities	53,063	54,208
Long-term debt
Principal amount	434,000	492,000
Less unamortized discount	(4,368)	(5,055)
Long-term debt, net of unamortized discount	429,632	486,945
Deferred income tax liabilities	161,502	153,933
Total Liabilities	644,197	695,086
Commitments and Contingencies — Note 17
Stockholders' Equity
Preferred stock - $0.01 par value; Authorized - 5,000 shares; Issued and outstanding - None	0	0
Common stock - $0.01 par value; Authorized - 250,000 shares; Issued - 50,433 shares at December 31, 2011 and 50,276 shares at March 31, 2011	504	503
Additional paid-in capital	390,863	387,932
Treasury stock, at cost - 181 shares at December 31, 2011 and 160 shares at March 31, 2011	(687)	(416)
Accumulated other comprehensive loss, net of tax	(70)	0
Retained earnings (accumulated deficit)	11,040	(26,187)
Total Stockholders' Equity	401,650	361,832
Total Liabilities and Stockholders' Equity	$ 1,045,847	$ 1,056,918

Consolidated Balance Sheets (Parentheticals) (USD $) In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2011	Mar. 31, 2011
Stockholders' Equity:
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000	5,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	250,000	250,000
Common stock, shares issued	50,433	50,276
Treasury stock, shares	181	160

- Definition

Face amount or stated value per share of nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer); generally not indicative of the fair market value per share.

+ References+ Details

Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2011	Dec. 31, 2010
Operating Activities
Net income	$ 37,227	$ 22,806
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,683	7,565
Loss on sale of discontinued operations	0	890
Deferred income taxes	7,321	5,591
Amortization of deferred financing costs	847	767
Stock-based compensation costs	2,360	2,751
Loss on extinguishment of debt	0	300
Amortization of debt discount	687	480
Loss on disposal of equipment	0	131
Changes in operating assets and liabilities
Accounts receivable	(5,816)	7,330
Inventories	(3,850)	2,814
Inventories held for sale	0	1,114
Prepaid expenses and other current assets	2,650	3,166
Accounts payable	2,392	(1,054)
Accrued liabilities	(3,508)	7,008
Net cash provided by operating activities	47,993	61,659
Investing Activities
Purchases of equipment	(358)	(405)
Proceeds from sale of discontinued operations	0	4,122
Acquisition of Blacksmith, net of cash acquired	0	(202,044)
Proceeds from escrow of Blacksmith acquisition	1,200	0
Net cash provided by (used in) investing activities	842	(198,327)
Financing Activities
Proceeds from issuance of Senior Notes	0	100,250
Proceeds from issuance of Senior Term Loan	0	112,936
Payment of deferred financing costs	0	(648)
Repayment of long-term debt	(58,000)	(33,587)
Proceeds from exercise of stock options	572	150
Shares surrendered as payment of tax withholding	(271)	(264)
Net cash (used in) provided by financing activities	(57,699)	178,837
Effects of exchange rate changes on cash and cash equivalents	(31)	0
(Decrease) increase in cash and cash equivalents	(8,895)	42,169
Cash and cash equivalents - beginning of period	13,334	41,097
Cash and cash equivalents - end of period	4,439	83,266
Interest paid	28,503	13,354
Income taxes paid	$ 12,699	$ 4,096

Business and Basis of Presentation

9 Months Ended

Dec. 31, 2011

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Business and Basis of Presentation

Nature of Business

Prestige Brands Holdings, Inc. (referred to herein as the “Company” or “we”, which reference shall, unless the context requires otherwise, be deemed to refer to Prestige Brands Holdings, Inc. and all of its direct and indirect wholly-owned subsidiaries on a consolidated basis) is engaged in the marketing, sales and distribution of Over-The-Counter (“OTC”) Healthcare and Household Cleaning brands to mass merchandisers, drug stores, supermarkets and dollar and club stores primarily in the United States, Canada and certain other international markets. Prestige Brands Holdings, Inc. is a holding company with no operations and is also the parent guarantor of the senior credit facility and the senior notes described in Note 10 to the Consolidated Financial Statements.

Basis of Presentation

The unaudited Consolidated Financial Statements presented herein have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial reporting and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. All significant intercompany transactions and balances have been eliminated in the Consolidated Financial Statements. In the opinion of management, the financial statements include all adjustments, consisting of normal recurring adjustments that are considered necessary for a fair presentation of our consolidated financial position, results of operations and cash flows for the interim periods presented. Our fiscal year ends on March 31st of each year. References in these Consolidated Financial Statements or notes to a year (e.g., “2012”) mean our fiscal year ending or ended on March 31st of that year. Operating results for the three and nine months ended December 31, 2011 are not necessarily indicative of results that may be expected for the fiscal year ending March 31, 2012. This financial information should be read in conjunction with our financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2011.

Use of Estimates

The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Although these estimates are based on our knowledge of current events and actions that we may undertake in the future, actual results could differ from those estimates. As discussed below, our most significant estimates include those made in connection with the valuation of intangible assets, sales returns and allowances, trade promotional allowances and inventory obsolescence.

Cash and Cash Equivalents

We consider all short-term deposits and investments with original maturities of three months or less to be cash equivalents. Substantially all of our cash is held by a large regional bank with headquarters in California. We do not believe that, as a result of this concentration, we are subject to any unusual financial risk beyond the normal risk associated with commercial banking relationships.

Accounts Receivable

We extend non-interest-bearing trade credit to our customers in the ordinary course of business. We maintain an allowance for doubtful accounts receivable based upon historical collection experience and expected collectability of the accounts receivable. In an effort to reduce credit risk, we (i) have established credit limits for all of our customer relationships, (ii) perform ongoing credit evaluations of customers' financial condition, (iii) monitor the payment history and aging of customers' receivables, and (iv) monitor open orders against an individual customer's outstanding receivable balance.

Inventories

Inventories are stated at the lower of cost or market value, with cost determined by using the first-in, first-out method. We reduce inventories for diminution of value resulting from product obsolescence, damage or other issues affecting marketability, equal to the difference between the cost of the inventory and its estimated market value. Factors utilized in the determination of estimated market value include (i) current sales data and historical return rates, (ii) estimates of future demand, (iii) competitive pricing pressures, (iv) new product introductions, (v) product expiration dates, and (vi) component and packaging obsolescence.

Property and Equipment

Property and equipment are stated at cost and are depreciated using the straight-line method based on the following estimated useful lives:



	Years
Machinery	5
Computer equipment	3
Furniture and fixtures	7

Leasehold improvements are amortized over the lesser of the term of the lease or five years.

Expenditures for maintenance and repairs are charged to expense as incurred. When an asset is sold or otherwise disposed of, we remove the cost and associated accumulated depreciation from the respective accounts and recognize the resulting gain or loss in the Consolidated Statements of Operations.

Property and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. An impairment loss is recognized if the carrying amount of the asset exceeds its fair value.

Goodwill

The excess of the purchase price over the fair market value of assets acquired and liabilities assumed in purchase business combinations is classified as goodwill. Goodwill is not amortized, although the carrying value is tested for impairment at least annually in the fourth fiscal quarter of each year, or more frequently if events or changes in circumstances indicate that the asset may be impaired. We test goodwill for impairment at the reporting unit “brand” level, which is one level below the operating segment level.

Intangible Assets

Intangible assets, which are comprised primarily of trademarks, are stated at cost less accumulated amortization. For intangible assets with finite lives, amortization is computed using the straight-line method over estimated useful lives ranging from 3 to 30 years.

Indefinite-lived intangible assets are tested for impairment at least annually in the fourth fiscal quarter of each year. Intangible assets with finite lives are reviewed for impairment whenever events or changes in circumstances indicate that their carrying amounts exceed their fair values and may not be recoverable. An impairment loss is recognized if the carrying amount of the asset exceeds its fair value.

Deferred Financing Costs

We have incurred debt origination costs in connection with the issuance of long-term debt. These costs are capitalized as deferred financing costs and amortized using the straight-line method, which approximates the effective interest method, over the term of the related debt.

Revenue Recognition

Revenues are recognized when the following criteria are met: (i) persuasive evidence of an arrangement exists, (ii) the selling price is fixed or determinable, (iii) the product has been shipped and the customer takes ownership and assumes the risk of loss, and (iv) collection of the resulting receivable is reasonably assured. We have determined that these criteria are met and the transfer of the risk of loss generally occurs when product is received by the customer, and, accordingly, we recognize revenue at that time. Provision is made for estimated discounts related to customer payment terms and estimated product returns at the time of sale based on our historical experience.

As is customary in the consumer products industry, we participate in the promotional programs of our customers to enhance the sale of our products. The cost of these promotional programs varies based on the actual number of units sold during a finite period of time. These promotional programs consist of direct-to-consumer incentives, such as coupons and temporary price reductions, as well as incentives to our customers, such as allowances for new distribution, including slotting fees, and cooperative advertising. Estimates of the costs of these promotional programs are based on (i) historical sales experience, (ii) the current promotional offering, (iii) forecasted data, (iv) current market conditions, and (v) communication with customer purchasing/marketing personnel. At the completion of a promotional program, the estimated amounts are adjusted to actual results.

Due to the nature of the consumer products industry, we are required to estimate future product returns. Accordingly, we record an estimate of product returns concurrent with recording sales, which is made after analyzing (i) historical return rates, (ii) current economic trends, (iii) changes in customer demand, (iv) product acceptance, (v) seasonality of our product offerings, and (vi) the impact of changes in product formulation, packaging and advertising.

Cost of Sales

Cost of sales includes product costs, warehousing costs, inbound and outbound shipping costs, and handling and storage costs. Shipping, warehousing and handling costs for the three and nine months ended December 31, 2011 were $6.9 million and $20.1 million, respectively, and $6.6 million and $17.2 million, respectively, for the three and nine months ended December 31, 2010.

Advertising and Promotion Costs

Advertising and promotion costs are expensed as incurred. Allowances for new distribution costs associated with products, including slotting fees, are recognized as a reduction of sales. Under these new distribution arrangements, the retailers allow our products to be placed on the stores' shelves in exchange for such fees.

Stock-based Compensation

We recognize stock-based compensation by measuring the cost of services to be rendered based on the grant-date fair value of the equity award. Compensation expense is to be recognized over the period an employee is required to provide service in exchange for the award, generally referred to as the requisite service period.

Income Taxes

Deferred tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities using the enacted tax rates and laws that will be in effect when the differences are expected to reverse. A valuation allowance is established when necessary to reduce deferred tax assets to the amounts expected to be realized.

The Income Taxes topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) prescribes a recognition threshold and measurement attributes for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. As a result, we have applied a more-likely-than-not recognition threshold for all tax uncertainties. The guidance only allows the recognition of those tax benefits that have a greater than 50% likelihood of being sustained upon examination by the various taxing authorities.

We are subject to taxation in the United States and various state and foreign jurisdictions.

We classify penalties and interest related to unrecognized tax benefits as income tax expense in the Consolidated Statements of Operations.

Derivative Instruments

Companies are required to recognize derivative instruments as either assets or liabilities in the Consolidated Balance Sheets at fair value. The accounting for changes in the fair value of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship. For those derivative instruments that are designated and qualify as hedging instruments, a company must designate the hedging instrument, based upon the exposure being hedged, as a fair value hedge, a cash flow hedge or a hedge of a net investment in a foreign operation.

While we have utilized derivative financial instruments in the past, we did not have any derivative financial instruments at December 31, 2011 or March 31, 2011, or for any of the periods presented.

Earnings Per Share

Basic earnings per share is calculated based on income available to common stockholders and the weighted-average number of shares outstanding during the reporting period. Diluted earnings per share is calculated based on income available to common stockholders and the weighted-average number of common and potential common shares outstanding during the reporting period. Potential common shares, composed of the incremental common shares issuable upon the exercise of stock options, stock appreciation rights and unvested restricted shares, are included in the earnings per share calculation to the extent that they are dilutive.

Recently Issued Accounting Standards

In June 2011, the FASB issued guidance regarding presentation of comprehensive income. Under the ASC Comprehensive Income topic, entities are allowed the option to present the total of comprehensive income, the components of net income, and the components of other comprehensive income either in a single continuous statement of comprehensive income or in two separate but consecutive statements. In both choices, an entity is required to present each component of net income along with total net income, each component of other comprehensive income along with a total for other comprehensive income, and a total amount for comprehensive income. This guidance eliminates the option to present the components of other comprehensive income as part of the statement of changes in stockholders' equity. This guidance does not change the items that must be reported in other comprehensive income or when an item of other comprehensive income must be reclassified to net income.

In December 2011, the FASB issued guidance to defer the new requirement to present components of reclassifications of other comprehensive income on the face of the income statement. Based on this guidance, entities are still required to adopt either the single continuous statement or the two-statement approach required by the new guidance. However, entities should continue to report reclassifications out of accumulated other comprehensive income consistent with the requirements in effect before the adoption of the new standard (i.e., by component of other comprehensive income, either by displaying each component on a gross basis on the face of the appropriate financial statement or by displaying each component net of other changes on the face of the appropriate financial statement with the gross change disclosed in the notes). The new guidance and this deferral are effective for fiscal years, and interim periods within those years, beginning after December 15, 2011. Early adoption is permitted, but full retrospective application is required. The December 2011 deferral of the guidance issued in June 2011, as well as the June 2011 guidance, are effective at the same time. We do not expect that the adoption of this new guidance will have a material impact on our Consolidated Financial Statements.

In September 2011, the FASB issued guidance regarding testing goodwill for impairment. The new guidance is intended to simplify how entities test goodwill for impairment. The new guidance permits an entity to first assess qualitative factors to determine whether it is "more-likely-than-not" that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test described in the ASC Intangibles-Goodwill and Other topic. The more-likely-than-not threshold is defined as having a likelihood of more than 50%. The new guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. Early adoption is permitted. We do not expect that the adoption of this new guidance will have a material impact on our Consolidated Financial Statements.

In May 2011, the FASB issued guidance on fair value measurement. The ASC Fair Value Measurement topic amended the requirements for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning of the term “fair value”. The new guidance states that the concepts of highest and best use and valuation premise are only relevant when measuring the fair value of non-financial assets (that is, it does not apply to financial assets or any liabilities). The disclosure requirements have been enhanced, with the most significant change requiring entities, for their recurring Level 3 fair value measurements, to disclose quantitative information about unobservable inputs used, a description of the valuation processes used by the entity, and a qualitative discussion about the sensitivity of the measurements. New disclosures are required about the use of a non-financial asset measured or disclosed at fair value if its use differs from its highest and best use. In addition, entities must report the level in the fair value hierarchy of assets and liabilities not recorded at fair value but where fair value is disclosed. This guidance is effective during interim and annual periods beginning after December 15, 2011 and is required to be applied prospectively. The adoption of this new guidance did not have a material impact on our Consolidated Financial Statements.

Management has reviewed and continues to monitor the actions of the various financial and regulatory reporting agencies and is currently not aware of any other pronouncement that could have a material impact on our consolidated financial position, results of operations or cash flows.

- Definition

The entire disclosure for the organization, consolidation and basis of presentation of financial statements disclosure, and significant accounting policies of the reporting entity. May be provided in more than one note to the financial statements, as long as users are provided with an understanding of (1) the significant judgments and assumptions made by an enterprise in determining whether it must consolidate a VIE and/or disclose information about its involvement with a VIE, (2) the nature of restrictions on a consolidated VIE's assets reported by an enterprise in its statement of financial position, including the carrying amounts of such assets, (3) the nature of, and changes in, the risks associated with an enterprise's involvement with the VIE, and (4) how an enterprise's involvement with the VIE affects the enterprise's financial position, financial performance, and cash flows. Describes procedure if disclosures are provided in more than one note to the financial statements.

+ References+ Details

Acquisitions

9 Months Ended

Dec. 31, 2011

Business Combinations [Abstract]

Acquisitions

Blacksmith Acquisition

On November 1, 2010, we acquired 100% of the capital stock of Blacksmith Brands Holdings, Inc. (“Blacksmith”) for $190.0 million in cash, plus a working capital adjustment of $13.4 million, and we paid an additional $1.1 million on behalf of Blacksmith for the seller's transaction costs. As previously disclosed, we brought to arbitration a matter regarding the working capital adjustment related to Blacksmith. On July 20, 2011, we received notification from the arbitrator that we would be awarded a working capital adjustment pending final resolution and distribution from the escrow agent. In September 2011, we received $1.2 million in settlement of this matter, which reduced the amount of recorded goodwill related to Blacksmith.

In connection with this acquisition, we acquired five leading consumer OTC brands: Efferdent, Effergrip, PediaCare, Luden's, and NasalCrom. The purchase price was funded by cash provided by the issuance of long-term debt and additional bank borrowings, which are discussed further in Note 10 to the Consolidated Financial Statements.

The acquisition was accounted for in accordance with the Business Combinations topic of the ASC, which requires that the total cost of an acquisition be allocated to the tangible and intangible assets acquired and liabilities assumed based upon their respective fair values at the date of acquisition.

The allocation of the purchase price to assets acquired and liabilities assumed is based on a valuation which we performed to determine the fair value of such assets as of the acquisition date. The following table summarizes our allocation of the $203.4 million purchase price to the assets acquired and liabilities assumed at the Blacksmith acquisition date:



(In thousands)	November 1, 2010

Cash acquired	$	2,507
Accounts receivable, net	17,473
Other receivables	1,198
Income taxes receivable	5
Inventories	22,155
Prepaids and other current assets	44
Property, plant and equipment, net	226
Goodwill	42,207
Trademarks	165,346
Other long-term assets	19
Total assets acquired	251,180

Accounts payable	7,060
Accrued expenses	5,212
Income taxes payable	2,031
Deferred income taxes	33,526
Total liabilities assumed	47,829

Total purchase price	$	203,351

We recorded goodwill based on the amount by which the purchase price exceeded the fair value of assets acquired and liabilities assumed. The amount of goodwill deductible for tax purposes is $4.6 million.

The fair value of the trademarks was comprised of $158.0 million of non-amortizable intangible assets and $7.3 million of amortizable intangible assets. We are amortizing the purchased amortizable intangible assets on a straight-line basis over an estimated weighted average useful life of 15 years. The weighted average remaining life for amortizable intangible assets at December 31, 2011 was 13.8 years.

The operating results of Blacksmith have been included in our Consolidated Financial Statements from November 1, 2010, the date of acquisition. Revenues of the acquired operations for the three and nine months ended December 31, 2011 were $28.4 million and $70.0 million, respectively.

The following table provides our unaudited pro forma revenues, income from continuing operations and income from continuing operations per basic and diluted common share as if the results of Blacksmith's operations had been included in our operations commencing on April 1, 2010, and based upon available information related to Blacksmith's operations. This pro forma information is not necessarily indicative either of the combined results of operations that actually would have been realized by us had the Blacksmith acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results.



(In thousands, except per share data)	Three Months Ended December 31, 2010		Nine Months Ended December 31, 2010

Revenues	$	98,564	$	295,838
Income from continuing operations	2,470		25,033

Basic earnings per share:
Income from continuing operations	$	0.05	$	0.50

Diluted earnings per share:
Income from continuing operations	$	0.05	$	0.50

Dramamine Acquisition

On January 6, 2011, we acquired certain assets comprising the Dramamine brand in the United States. The purchase price was $77.1 million in cash, after a $0.1 million post-closing inventory adjustment and including transaction costs of $1.2 million incurred in the acquisition. The purchase price was funded by cash on hand.

The acquisition was accounted for in accordance with the Business Combinations topic of the ASC. Accordingly, as the Dramamine assets acquired do not constitute a business, as defined in the ASC, we have accounted for the transaction as an asset acquisition. The total consideration paid, including transaction costs, has been allocated to the tangible and intangible assets acquired based upon their relative fair values at the date of acquisition.

The allocation of the purchase price to assets acquired and liabilities assumed is based on valuations which we performed to determine the fair value of such assets as of the acquisition date. The following table summarizes our allocation of the $77.1 million purchase price to the assets we acquired comprising the Dramamine brand:



(In thousands)	January 6, 2011

Inventories	$	1,249
Trademark	75,866
Total purchase price	$	77,115

The $75.9 million fair value of the acquired Dramamine trademark was comprised solely of non-amortizable intangible assets.

Acquisition of GlaxoSmithKline OTC Brands

On December 20, 2011, we entered into two separate agreements with GlaxoSmithKline plc ("GSK") to acquire a total of 17 North American OTC pharmaceutical brands for $660.0 million in cash. On January 31, 2012, we completed the acquisition of 15 of these brands for $615.0 million. The acquisition of the remaining two brands is expected to be completed no later than June 30, 2012. The acquisition and the agreements are more fully described in Note 22- Subsequent Events.

- Definition

The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable).

+ References

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-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4934-128472

Reference 8: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e6996-128479

Reference 9: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6911361&loc=d3e7000-128479

Reference 10: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

-Section 50

-Paragraph 7

-URI http://asc.fasb.org/extlink&oid=6909870&loc=d3e1524-128463

Reference 11: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Emerging Issues Task Force (EITF)

-Number 88-16

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 12: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141

-Paragraph 51, 52

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 13: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Appendix F

-Paragraph F4

-Subparagraph e

Reference 14: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 141R

-Paragraph 67-73

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 15: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 30

-Section 50

-Paragraph 1

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-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

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-Name Accounting Standards Codification

-Topic 805

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-Section 50

-Paragraph 4

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 805

-SubTopic 10

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-Topic 805

-SubTopic 20

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6910749&loc=d3e4926-128472

+ Details

Discontinued Operations and Sale of Certain Assets

9 Months Ended

Dec. 31, 2011

Discontinued Operations and Disposal Groups [Abstract]

Discontinued Operations and Sale of Certain Assets

On September 1, 2010, we sold certain assets related to the Cutex nail polish remover brand for $4.1 million. In accordance with the Discontinued Operations topic of the ASC, we reclassified the related operating results as discontinued operations in our Consolidated Financial Statements and related notes for all periods presented. We recognized a loss of $0.9 million on a pre-tax basis and $0.6 million, net of tax effects of $0.3 million, on the sale in the second quarter of 2011. As a result of the divestiture of Cutex, which comprised a substantial majority of the assets in our previously reported Personal Care segment, we reclassified the then remaining Personal Care segment assets to the OTC Healthcare segment for all periods presented.

The following table summarizes the results of discontinued operations:



(In thousands)	Three Months Ended December 31,				Nine Months Ended December 31,
	2011		2010		2011		2010
Components of Income
Revenues	$	—	$	84	$	—	$	4,027
Income from discontinued operations, net of income tax	—		32		—		591

- Definition

The entire disclosure for the facts and circumstances leading to the completed or expected disposal, manner and timing of disposal, the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the segment in which the disposal group was reported, and the classification (whether sold or classified as held for sale) and carrying value of the assets and liabilities comprising the disposal group. Includes all disposal groups, including those classified as components of the entity (discontinued operations).

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 144

-Paragraph 43-48

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

-Section 50

-Paragraph 3

-URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2941-110230

Reference 3: http://www.xbrl.org/2003/role/presentationRef

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-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760

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-Paragraph 5

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-Topic 205

-SubTopic 20

-Section 45

-Paragraph 5

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-Name Accounting Standards Codification

-Topic 360

-SubTopic 10

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-Name Accounting Standards Codification

-Topic 205

-SubTopic 20

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-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1436-107760

+ Details

Accounts Receivable

9 Months Ended

Dec. 31, 2011

Receivables [Abstract]

Accounts Receivable

Accounts receivable consist of the following:



(In thousands)	December 31, 2011			March 31, 2011
Components of Accounts Receivable
Trade accounts receivable	$	54,770		$	50,333
Other receivables	607			712
	55,377			51,045
Less allowances for discounts, returns and uncollectible accounts	(5,214		)	(6,652		)
Accounts receivable, net	$	50,163		$	44,393

- Definition

The entire disclosure for claims held for amounts due a company. Examples include trade accounts receivables, notes receivables, loans receivables.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 02

-Paragraph 3, 4

-Article 5

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 03

-Paragraph 7

-Article 9

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 01-6

-Paragraph 13

-Subparagraph d

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 4: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Article 4

-Section 08

-Paragraph k

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.5-02.3,4)

-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

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-Publisher FASB

-Name Accounting Standards Codification

-Topic 235

-SubTopic 10

-Section S99

-Paragraph 1

-Subparagraph (SX 210.4-08.(k))

-URI http://asc.fasb.org/extlink&oid=6881521&loc=d3e23780-122690

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-Topic 310

-SubTopic 10

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-Paragraph 11

-URI http://asc.fasb.org/extlink&oid=6965416&loc=d3e5162-111524

+ Details

Inventories

9 Months Ended

Dec. 31, 2011

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:



(In thousands)	December 31, 2011		March 31, 2011
Components of Inventories
Packaging and raw materials	$	797	$	1,287
Finished goods	42,782		38,464
Inventories	$	43,579	$	39,751

Inventories are carried and depicted above at the lower of cost or market, which includes a reduction in inventory values of $2.1 million and $0.6 million at December 31, 2011 and March 31, 2011, respectively, related to obsolete and slow-moving inventory.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

+ References+ Details

Property and Equipment

9 Months Ended

Dec. 31, 2011

Property, Plant and Equipment [Abstract]

Property and Equipment

Property and equipment consist of the following:



(In thousands)	December 31, 2011			March 31, 2011
Components of Property and Equipment
Machinery	$	1,431		$	1,215
Computer equipment	2,471			2,341
Furniture and fixtures	241			239
Leasehold improvements	431			423
	4,574			4,218
Accumulated depreciation	(3,336		)	(2,774		)
Property and equipment, net	$	1,238		$	1,444

We recorded depreciation expense of $0.2 million for each of the three months ended December 31, 2011 and December 31, 2010, and of $0.6 million and $0.5 million for the nine months ended December 31, 2011 and December 31, 2010, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

+ References+ Details

Goodwill

9 Months Ended

Dec. 31, 2011

Goodwill [Abstract]

Goodwill

A reconciliation of the activity affecting goodwill by operating segment is as follows:



(In thousands)	OTC Healthcare			Household Cleaning			Consolidated

Balance — March 31, 2011
Goodwill	$	277,986		$	72,549		$	350,535
Accumulated impairment losses	(130,479		)	(65,160		)	(195,639		)
	147,507			7,389			154,896

Additions	—			—			—

Balance — December 31, 2011
Goodwill	277,986			72,549			350,535
Blacksmith escrow settlement *	(1,200		)	—			(1,200		)
Accumulated impairment losses	(130,479		)	(65,160		)	(195,639		)
	$	146,307		$	7,389		$	153,696

* As previously disclosed, we brought to arbitration a matter regarding the working capital adjustment related to Blacksmith. On July 20, 2011, we received notification from the arbitrator that we would be awarded a working capital adjustment pending final resolution and distribution from the escrow agent. In September 2011, we received $1.2 million in settlement of this matter, which reduced the amount of recorded goodwill related to Blacksmith.

At March 31, 2011, during our annual test for goodwill impairment, there were no indicators of impairment under the analysis. Accordingly, no impairment charge was recorded in 2011. Additionally, for the three and nine months ended December 31, 2011, no indicators of impairment existed and no impairment charge was recorded.

The discounted cash flow methodology is a widely-accepted valuation technique to estimate fair value utilized by market participants in the transaction evaluation process and has been applied consistently. We also considered our market capitalization at March 31, 2011, as compared to the aggregate fair values of our reporting units, to assess the reasonableness of our estimates pursuant to the discounted cash flow methodology. The estimates and assumptions made in assessing the fair value of our reporting units and the valuation of the underlying assets and liabilities are inherently subject to significant uncertainties. Consequently, changing rates of interest and inflation, declining sales or margins, increases in competition, changing consumer preferences, technical advances, or reductions in advertising and promotion may require impairments in the future.

As discussed in Note 1, in accordance with recent guidance from the FASB, an entity is permitted to first assess qualitative factors in testing goodwill for impairment prior to performing a quantitative assessment. The new guidance is effective for annual and interim goodwill impairment tests performed for fiscal years beginning after December 15, 2011. This new guidance will be effective for the Company in fiscal year 2013.

Intangible Assets

9 Months Ended

Dec. 31, 2011

Intangible Assets [Abstract]

Intangible Assets

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



(In thousands)	Indefinite Lived Trademarks		Finite Lived Trademarks		Non Compete Agreement		Totals
Carrying Amounts
Balance — March 31, 2011	$	688,484	$	150,293	$	158	$	838,935
Additions	—		—		—		—
Balance — December 31, 2011	$	688,484	$	150,293	$	158	$	838,935

Accumulated Amortization
Balance — March 31, 2011	$	—	$	52,416	$	158	$	52,574
Additions	—		7,119		—		7,119
Balance — December 31, 2011	$	—	$	59,535	$	158	$	59,693

Intangible assets, net — December 31, 2011	$	688,484	$	90,758	$	—	$	779,242

In a manner similar to goodwill, we completed our test for impairment of our indefinite-lived intangible assets during the three months ended March 31, 2011. We did not record an impairment charge, as facts and circumstances indicated that the fair values of the intangible assets for our operating segments exceeded their carrying values. Additionally, for the indefinite-lived intangible assets, an evaluation of the facts and circumstances as of December 31, 2011 continues to support an indefinite useful life for these assets. Therefore, no impairment charge was recorded for the three and nine months ended December 31, 2011.

The weighted average remaining life for finite-lived intangible assets at December 31, 2011 was approximately 14.1 years and the amortization expense for the three and nine months ended December 31, 2011 was $2.4 million and $7.1 million, respectively. At December 31, 2011, intangible assets are expected to be amortized over a period of 3 to 30 years as follows:



(In thousands)
Year Ending March 31,	Amount
2012 (Remaining three months ending March 31, 2012)	$	2,285
2013	8,552
2014	7,416
2015	6,082
2016	6,082
Thereafter	60,341
	$	90,758

- Definition

The entire disclosure for all or part of the information related to intangible assets.

+ References+ Details

Other Accrued Liabilities

9 Months Ended

Dec. 31, 2011

Accounts Payable and Accrued Liabilities [Abstract]

Other Accrued Liabilities

Other accrued liabilities consist of the following:



(In thousands)	December 31, 2011		March 31, 2011

Accrued marketing costs	$	11,458	$	9,967
Accrued payroll	5,035		7,589
Accrued commissions	513		408
Accrued income taxes	5		531
Accrued professional fees	6,326		1,953
Accrued severance	198		1,324
Accrued other	370		508
	$	23,905	$	22,280

Long-Term Debt

9 Months Ended

Dec. 31, 2011

Long-term Debt, Unclassified [Abstract]

Long-Term Debt

Long-term debt consists of the following, as of the dates indicated:



(In thousands, except percentages)	December 31, 2011			March 31, 2011
Senior secured term loan facility (“2010 Senior Term Loan”) that bears interest at the Company's option at either the prime rate plus a margin of 2.25% or LIBOR plus 3.25% with a LIBOR floor of 1.5%. At December 31, 2011, the average interest rate on the 2010 Senior Term Loan was 4.75%. All required principal payments prior to maturity have been paid and the remaining principal on the 2010 Senior Term Loan is due on the maturity date. The 2010 Senior Term Loan matures on March 24, 2016 and is collateralized by substantially all of the Company's assets. The 2010 Senior Term Loan is unconditionally guaranteed by Prestige Brands Holdings, Inc. and its domestic wholly-owned subsidiaries, other than Prestige Brands, Inc. (the "Borrower"). Each of these guarantees is joint and several. There are no significant restrictions on the ability of any of the guarantors to obtain funds from their subsidiaries.	$	184,000		$	242,000

Senior unsecured notes ("2010 Senior Notes") bear interest at 8.25%, with interest only payable on April 1st and October 1st of each year. The 2010 Senior Notes mature on April 1, 2018; however, the Company may earlier redeem some or all of the 2010 Senior Notes at redemption prices set forth in the indenture governing the 2010 Senior Notes (the "Senior Notes Indenture"). The 2010 Senior Notes are unconditionally guaranteed by Prestige Brands Holdings, Inc. and its domestic wholly-owned subsidiaries other than Prestige Brands, Inc., the issuer. Each of these guarantees is joint and several. There are no significant restrictions on the ability of any of the guarantors to obtain funds from their subsidiaries.	250,000			250,000
	434,000			492,000
Current portion of long-term debt	—			—
	434,000			492,000
Less: unamortized discount on the 2010 Senior Notes	(4,368		)	(5,055		)
Long-term debt, net of unamortized discount and premium	$	429,632		$	486,945

On March 24, 2010, Prestige Brands, Inc. issued $150.0 million of 2010 Senior Notes, with an interest rate of 8.25% and a maturity date of April 1, 2018. On November 1, 2010, Prestige Brands, Inc. issued an additional $100.0 million of the 2010 Senior Notes. The 2010 Senior Notes issued in March and November 2010 were issued at an aggregate face value of $150.0 million and $100.0 million, respectively, with a discount to the initial purchasers of $2.2 million and a premium of $0.3 million, respectively, and net proceeds to the Company of $147.8 million and $100.3 million, respectively, yielding an 8.5% effective interest rate for the 2010 Senior Notes on a combined basis.

On March 24, 2010, Prestige Brands, Inc. entered into the 2010 Senior Term Loan for $150.0 million, with an interest rate at LIBOR plus 3.25% with a LIBOR floor of 1.5% and a maturity date of March 24, 2016. The $150.0 million 2010 Senior Term Loan was entered into with a discount to lenders of $1.8 million and net proceeds to the Company of $148.2 million, yielding a 5.0% effective interest rate. On November 1, 2010, we, together with the Borrower and certain of our other subsidiaries, executed an Increase Joinder to our Credit Agreement dated March 24, 2010 (the "Increase Joinder"), pursuant to which the Borrower entered into an incremental term loan in the amount of $115.0 million. The incremental 2010 Senior Term Loan will also mature on March 24, 2016.

Additionally, on March 24, 2010, Prestige Brands, Inc. entered into a non-amortizing senior secured revolving credit facility (“2010 Revolving Credit Facility” and, collectively with the 2010 Senior Term Loan, the “Credit Agreement”) in an aggregate principal amount of up to $30.0 million. On November 1, 2010, pursuant to the Increase Joinder, the amount of the 2010 Revolving Credit Facility was increased by $10.0 million and the Borrower had borrowing capacity under the 2010 Revolving Credit Facility in an aggregate principal amount of up to $40.0 million. Our 2010 Revolving Credit Facility was available for maximum borrowings of $40.0 million at December 31, 2011. Except for the increase in the amount of the 2010 Revolving Credit Facility, no other changes were made to the 2010 Revolving Credit Facility.

In connection with the financing activities of March 2010 relating to the 2010 Senior Notes, the 2010 Senior Term Loan and the 2010 Revolving Credit Facility, we incurred $7.3 million in issuance costs, of which $6.6 million was capitalized as deferred financing costs and $0.7 million was expensed. In connection with the financing activities of November 2010 relating to the 2010 Senior Notes, the 2010 Senior Term Loan and the 2010 Revolving Credit Facility, we incurred $0.6 million in issuance costs, all of which were capitalized as deferred financing costs. The deferred financing costs are being amortized over the terms of the related loan and notes.

On March 24, 2010, we retired our existing Senior Secured Term Loan Facility with an original maturity date of April 6, 2011. In addition, on March 24, 2010, we repaid a portion and, on April 15, 2010, redeemed in full the remaining outstanding indebtedness under our previously outstanding Senior Subordinated Notes due in 2012, which bore interest at 9.25% with a maturity date of April 15, 2012. In connection with the refinancing, we recognized a $0.3 million loss on the extinguishment of debt for the nine months ended December 31, 2010.

The 2010 Senior Notes are senior unsecured obligations of the Company and are guaranteed on a senior unsecured basis. The 2010 Senior Notes are effectively junior in right of payment to all existing and future secured obligations of the Company, equal in right of payment with all existing and future senior unsecured indebtedness of the Company, and senior in right of payment to all future subordinated debt of the Company.

At any time prior to April 1, 2014, we may redeem the 2010 Senior Notes in whole or in part at a redemption price equal to 100% of the principal amount of the notes redeemed, plus a “make-whole premium” calculated as set forth in the Senior Notes Indenture, together with accrued and unpaid interest, if any, to the date of redemption. We may redeem the 2010 Senior Notes in whole or in part at any time on or after the 12-month period beginning April 1, 2014 at a redemption price of 104.125% of the principal amount thereof, at a redemption price of 102.063% of the principal amount thereof if the redemption occurs during the 12-month period beginning on April 1, 2015, and at a redemption price of 100% of the principal amount thereof if the redemption occurs on and after April 1, 2016, in each case, plus accrued and unpaid interest, if any, to the redemption date. In addition, prior to April 1, 2013, with the net cash proceeds from certain equity offerings, we may redeem up to 35% in aggregate principal amount of the 2010 Senior Notes at a redemption price of 108.250% of the principal amount of the 2010 Senior Notes to be redeemed, plus accrued and unpaid interest, if any, to the redemption date.

The Credit Agreement contains various financial covenants, including provisions that require us to maintain certain leverage and interest coverage ratios and not to exceed annual capital expenditures of $3.0 million. The Credit Agreement and the Senior Notes Indenture also contain provisions that restrict us from undertaking specified corporate actions, such as asset dispositions, acquisitions, dividend payments, repurchases of common shares outstanding, changes of control, incurrences of indebtedness, creation of liens, making of loans and transactions with affiliates. Additionally, the Credit Agreement and the Senior Notes Indenture contain cross-default provisions whereby a default pursuant to the terms and conditions of certain indebtedness will cause a default on the remaining indebtedness under the Credit Agreement and the Senior Notes Indenture. At December 31, 2011, we were in compliance with the covenants under our long-term indebtedness.

During the nine months ended December 31, 2011, we made voluntary principal payments against outstanding indebtedness of $58.0 million in excess of required payments under the Credit Agreement governing the 2010 Senior Term Loan. In accordance with the Credit Agreement governing the 2010 Senior Term Loan, such payments were applied against the first four required principal payments, and any additional principal payments are applied ratably toward the remaining required principal payments. As such, we do not have a required principal payment until the 2010 Senior Term Loan matures in 2016.

Future principal payments required in accordance with the terms of the Credit Agreement and the Senior Notes Indenture are as follows:



(In thousands)
Year Ending March 31,	Amount
2012 (Remaining three months ending March 31, 2012)	$	—
2013	—
2014	—
2015	—
2016	184,000
2017	—
Thereafter	250,000
	$	434,000

On December 20, 2011, we entered into two separate agreements with GSK to acquire a total of 17 North American OTC pharmaceutical brands for $660.0 million in cash. On January 31, 2012, we completed the acquisition of 15 of these brands for $615.0 million. The acquisition of the remaining two brands is expected to be completed no later than June 30, 2012. The acquisition and the related financing are more fully described in Note 22- Subsequent Events.

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Dec. 31, 2011
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements As we deem appropriate, we may from time to time utilize derivative financial instruments to mitigate the impact of changing interest rates associated with our long-term debt obligations or other derivative financial instruments. While we have utilized derivative financial instruments in the past, we did not have any derivative financial instruments outstanding at either December 31, 2011 or at March 31, 2011 or during any of the periods presented. We have not entered into derivative financial instruments for trading purposes; all of our derivatives were over-the-counter instruments with liquid markets. For certain of our financial instruments, including cash, accounts receivable, accounts payable and other current liabilities, the carrying amounts approximate their respective fair values due to the relatively short maturity of these amounts. At December 31, 2011 and March 31, 2011, the carrying value of the 2010 Senior Term Loan was $184.0 million and $242.0 million, respectively. The terms of the 2010 Senior Term Loan provide that the interest rate is adjusted, at our option, on either a monthly or quarterly basis, to the prime rate plus a margin of 2.25% or to LIBOR, with a floor of 1.50%, plus a margin of 3.25%. The market value of our 2010 Senior Term Loan was approximately $183.5 million and $243.4 million at December 31, 2011 and March 31, 2011, respectively. At December 31, 2011 and March 31, 2011, the carrying value of our 2010 Senior Notes was $250.0 million. The market value of these notes was approximately $258.8 million and $264.4 million at December 31, 2011 and March 31, 2011, respectively. The market values have been determined from market transactions in our debt securities.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

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+ Details

Stockholders' Equity	9 Months Ended
Stockholders' Equity	Dec. 31, 2011
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders' Equity The Company is authorized to issue 250.0 million shares of common stock, $0.01 par value per share, and 5.0 million shares of preferred stock, $0.01 par value per share. The Board of Directors may direct the issuance of the undesignated preferred stock in one or more series and determine preferences, privileges and restrictions thereof. Each share of common stock has the right to one vote on all matters submitted to a vote of stockholders. The holders of common stock are also entitled to receive dividends whenever funds are legally available and when declared by the Board of Directors, subject to prior rights of holders of all classes of stock outstanding having priority rights as to dividends. No dividends have been declared or paid on the Company's common stock through December 31, 2011. During the three and nine months ended December 31, 2011, we repurchased zero and 20,999 shares, respectively, of restricted common stock from our employees pursuant to the provisions of the various employee restricted stock awards. The repurchases were at an average price of $12.86. During the three and nine months ended December 31, 2010, we repurchased 17,719 and 36,032 shares, respectively, of restricted common stock from our employees pursuant to the provisions of the various employee restricted stock awards. The repurchases were at an average price of $12.07 and $13.68, respectively, during the three and nine months ended December 31, 2010. All of the repurchased shares have been recorded as treasury stock.

- Definition

The entire disclosure for shareholders' equity, comprised of portions attributable to the parent entity and noncontrolling interest, if any, including other comprehensive income (as applicable). Including, but not limited to: (1) balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings; (2) accumulated balance for each classification of other comprehensive income and total amount of comprehensive income; (3) amount and nature of changes in separate accounts, including the number of shares authorized and outstanding, number of shares issued upon exercise and conversion, and for other comprehensive income, the adjustments for reclassifications to net income; (4) rights and privileges of each class of stock authorized; (5) basis of treasury stock, if other than cost, and amounts paid and accounting treatment for treasury stock purchased significantly in excess of market; (6) dividends paid or payable per share and in the aggregate for each class of stock for each period presented; (7) dividend restrictions and accumulated preferred dividends in arrears (in aggregate and per share amount); (8) retained earnings appropriations or restrictions, such as dividend restrictions; (9) impact of change in accounting principle, initial adoption of new accounting principle and correction of an error in previously issued financial statements; (10) shares held in trust for Employee Stock Ownership Plan (ESOP); (11) deferred compensation related to issuance of capital stock; (12) note received for issuance of stock; (13) unamortized discount on shares; (14) description, terms, and number of warrants or rights outstanding; (15) shares under subscription and subscription receivables, effective date of new retained earnings after quasi-reorganization and deficit eliminated by quasi-reorganization and, for a period of at least ten years after the effective date, the point in time from which the new retained dates; and (16) retroactive effective of subsequent change in capital structure.

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-URI http://asc.fasb.org/extlink&oid=6521494

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+ Details

Accumulated Other Comprehensive Income (Loss)

9 Months Ended

Dec. 31, 2011

Accumulated Other Comprehensive Income (Loss) [Abstract]

Accumulated Other Comprehensive Income (Loss)

Accumulated other comprehensive income (loss) (“AOCI”) is comprised of various items that affect equity and results from recognized transactions and other economic events, other than transactions with owners in their capacity as owners. AOCI consisted of the following at December 31, 2011 and March 31, 2011:



	December 31,			March 31,
(In thousands)	2011			2011
Components of Accumulated Other Comprehensive Loss
Cumulative translation adjustment	$	(70	)	$	—
Total accumulated other comprehensive loss	$	(70	)	$	—

The following table describes the components of comprehensive income for the nine months ended December 31, 2011 and 2010:



	Nine Months Ended December 31,
(In thousands)	2011			2010
Components of Comprehensive Income
Net income	$	37,227		$	22,806
Translation adjustments, net of related income tax effects	(70		)	—
Comprehensive Income	$	37,157		$	22,806

- Definition

The entire disclosure for comprehensive income. Includes, but is not limited to, the following: 1) the amount of income tax expense or benefit allocated to each component of other comprehensive income, including reclassification adjustments, 2) the reclassification adjustments for each classification of other comprehensive income and 3) the ending accumulated balances for each component of comprehensive income. Components of comprehensive income include: (1) foreign currency translation adjustments; (2) gains (losses) on foreign currency transactions that are designated as, and are effective as, economic hedges of a net investment in a foreign entity; (3) gains (losses) on intercompany foreign currency transactions that are of a long-term-investment nature, when the entities to the transaction are consolidated, combined, or accounted for by the equity method in the reporting enterprise's financial statements; (4) change in the market value of a futures contract that qualifies as a hedge of an asset reported at fair value; (5) unrealized holding gains (losses) on available-for-sale securities and that resulting from transfers of debt securities from the held-to-maturity category to the available-for-sale category; (6) a net loss recognized as an additional pension liability not yet recognized as net periodic pension cost; and (7) the net gain (loss) and net prior service cost or credit for pension plans and other postretirement benefit plans.

+ References

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-URI http://asc.fasb.org/extlink&oid=6522872

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+ Details

Earnings Per Share

9 Months Ended

Dec. 31, 2011

Earnings Per Share [Abstract]

Earnings Per Share

Basic earnings per share is computed based on the weighted-average number of shares of common stock outstanding during the period. Diluted earnings per share is computed based on the weighted-average number of shares of common stock outstanding plus the effect of potentially dilutive common shares outstanding during the period using the treasury stock method, which includes stock options, restricted stock awards and restricted stock units. The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended December 31,				Nine Months Ended December 31,
(In thousands, except per share data)	2011		2010		2011		2010
Numerator
Income from continuing operations	$	9,510	$	2,146	$	37,227	$	22,765
Income from discontinued operations and loss on sale of discontinued operations, net of income tax	—		32		—		41
Net income	$	9,510	$	2,178	$	37,227	$	22,806

Denominator
Denominator for basic earnings per share — weighted average shares	50,307		50,085		50,256		50,059
Dilutive effect of unvested restricted common stock (including restricted stock units) and options issued to employees and directors	377		448		411		201
Denominator for diluted earnings per share	50,684		50,533		50,667		50,260

Earnings per Common Share:
Basic earnings per share from continuing operations	$	0.19	$	0.04	$	0.74	$	0.46
Basic earnings per share from discontinued operations and loss on sale of discontinued operations	—		—		—		—
Basic net earnings per share	$	0.19	$	0.04	$	0.74	$	0.46

Diluted earnings per share from continuing operations	$	0.19	$	0.04	$	0.73	$	0.45
Diluted earnings per share from discontinued operations and loss on sale of discontinued operations	—		—		—		—
Diluted net earnings per share	$	0.19	$	0.04	$	0.73	$	0.45

At December 31, 2011 and December 31, 2010, there were zero and 0.1 million shares, respectively, of restricted stock awards that have been excluded from the calculation of basic earnings per share as these awards were subject to contingencies that were not met as of the end of each respective period. Additionally, for the three months ended December 31, 2011 and 2010, there were 0.7 million and 0.2 million shares, respectively, attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive. For the nine months ended December 31, 2011 and 2010, there were 0.5 million and 0.1 million shares, respectively, attributable to outstanding stock-based awards that were excluded from the calculation of diluted earnings per share because their inclusion would have been anti-dilutive.

- Definition

The entire disclosure for earnings per share.

+ References+ Details

Share-Based Compensation

9 Months Ended

Dec. 31, 2011

Share-based Compensation [Abstract]

Share-based Compensation

Share-Based Compensation

In connection with our initial public offering, the Board of Directors adopted the 2005 Long-Term Equity Incentive Plan (the “Plan”), which provides for the grant of up to a maximum of 5.0 million shares of restricted stock, stock options, restricted stock units and other equity-based awards. Directors, officers and other employees of the Company and its subsidiaries, as well as others performing services for the Company, are eligible for grants under the Plan.

During the three and nine months ended December 31, 2011, pre-tax share-based compensation costs charged against income were $0.7 million and $2.4 million, respectively, and the related income tax benefit recognized was $0.2 million and $0.6 million, respectively. During the three and nine months ended December 31, 2010, pre-tax share-based compensation costs charged against income were $1.1 million and $2.8 million, respectively, and the related income tax benefit recognized was $0.4 million and $1.1 million, respectively.

Restricted Shares

Restricted shares granted to employees under the Plan generally vest in three to five years, contingent on attainment of certain performance goals by the Company, including revenue and earnings before income taxes, depreciation and amortization targets, or the attainment of certain time vesting thresholds. The restricted share awards provide for accelerated vesting if there is a change of control, as defined in the Plan. On May 10, 2011, the Compensation Committee of the Board of Directors granted 89,923 shares of restricted common stock to certain executive officers and employees under the Plan at a grant-date fair value of $11.27 per share. These restricted common stock awards will vest in their entirety three years after the date of grant so long as the grantee remains employed by us. In addition, on May 30, 2011, previously issued restricted performance shares vested, resulting in the issuance of 16,153 additional shares pursuant to such equity grants at a fair value of $10.91 per share. On August 2, 2011, the Compensation Committee of our Board of Directors granted 16,408 shares of restricted stock units to the independent members of our Board of Directors. The restricted stock units will vest in their entirety one year after the date of grant so long as membership on the Board of Directors continues through the vesting date, with settlement in common stock to occur on the earliest of the director's death, disability or six month anniversary of the date on which the director's Board membership ceases for reasons other than death or disability. The fair value of restricted shares is determined using the closing price of our common stock on the day preceding the grant date. The weighted-average grant-date fair value of restricted shares granted during the nine months ended December 31, 2011 and 2010 was $11.35 and $9.01, respectively.

A summary of the Company's restricted shares granted under the Plan is presented below:



Restricted Shares	Shares (in thousands)		Weighted- Average Grant-Date Fair Value
Nine months ended December 31, 2010:
Nonvested at March 31, 2010	287.1		$	8.86
Granted	122.6		9.01
Vested and issued	(88.0	)	9.50
Forfeited	(42.5	)	10.09
Outstanding at December 31, 2010	279.2		8.54
Vested at December 31, 2010	29.2		6.84


Nine months ended December 31, 2011:
Nonvested at March 31, 2011	275.4		8.46
Granted	122.5		11.35
Vested and issued	(103.4	)	9.93
Forfeited	(15.2	)	10.72
Outstanding at December 31, 2011	279.3		9.06
Vested at December 31, 2011	54.0		7.40

Options

The Plan provides that the exercise price of options granted shall be no less than the fair market value of the Company's common stock on the date the options are granted. Options granted have a term of no greater than 10 years from the date of grant and vest in accordance with a schedule determined at the time the option is granted, generally three to five years. The option awards provide for accelerated vesting if there is a change in control, as defined in the Plan.

The fair value of each option award is estimated on the date of grant using the Black-Scholes Option Pricing Model that uses the assumptions noted in the table below. Expected volatilities are based on the historical volatility of our common stock and other factors, including the historical volatilities of comparable companies. We use appropriate historical data, as well as current data, to estimate option exercise and employee termination behaviors. Employees that are expected to exhibit similar exercise or termination behaviors are grouped together for the purposes of valuation. The expected terms of the options granted are derived from management's estimates and consideration of information derived from the public filings of companies similar to us and represent the period of time that options granted are expected to be outstanding. The risk-free rate represents the yield on U.S. Treasury bonds with a maturity equal to the expected term of the granted option. On May 10, 2011, the Compensation Committee of the Board of Directors granted stock options to acquire 308,154 shares of common stock to certain executive officers and employees under the Plan at an exercise price of $11.27 per share.

The weighted-average grant-date fair value of the options granted during the nine months ended December 31, 2011 and 2010 was $5.83 and $4.91, respectively.



	Nine Months Ended December 31,
	2011			2010
Expected volatility	53.0		%	52.8		%
Expected dividends	$	—		$	—
Expected term in years	6.5			7.0
Risk-free rate	2.4		%	3.2		%

A summary of option activity under the Plan is as follows:



Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term	Aggregate Intrinsic Value (in thousands)
Nine months ended December 31, 2010:
Outstanding at March 31, 2010	1,584.2		$	8.50
Granted	418.5		9.26
Exercised	(13.7	)	10.91
Forfeited or expired	(301.0	)	10.63
Outstanding at December 31, 2010	1,688.0		8.29		7.9	$	6,294.3
Exercisable at December 31, 2010	495.8		9.60		5.9	1,280.1

Nine months ended December 31, 2011:
Outstanding at March 31, 2011	1,621.5		8.19
Granted	308.1		11.27
Exercised	(54.2	)	10.54
Forfeited or expired	(78.9	)	11.93
Outstanding at December 31, 2011	1,796.5		8.48		7.9	5,124.5
Exercisable at December 31, 2011	678.0		8.43		7.4	2,035.1

The aggregate intrinsic value of options exercised in the nine months ended December 31, 2011 was $0.1 million. The aggregate intrinsic value at December 31, 2011 for options granted during the nine months ended December 31, 2011 was zero.

At December 31, 2011, there were $3.4 million of unrecognized compensation costs related to nonvested share-based compensation arrangements under the Plan, based on management's estimate of the shares that will ultimately vest. We expect to recognize such costs over a weighted-average period of 1.0 years. The total fair value of shares vested during the nine months ended December 31, 2011 and 2010 was $2.8 million and $0.8 million, respectively. For the nine months ended December 31, 2011, cash received from the exercise of stock options was $0.7 million, and we realized $0.1 million in tax benefits for the tax deductions resulting from these option exercises. There were 13,700 stock options exercised by a former employee at a weighted average exercise price of $10.91 during the nine months ended December 31, 2010. At December 31, 2011, there were 2.5 million shares available for issuance under the Plan.

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 123R

-Paragraph 64, 65, A240

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 93-6

-Paragraph 53

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher SEC

-Name Staff Accounting Bulletin (SAB)

-Number Topic 14

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-Name Accounting Standards Codification

-Topic 505

-SubTopic 50

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+ Details

Income Taxes

9 Months Ended

Dec. 31, 2011

Income Tax Disclosure [Abstract]

Income Taxes

Income taxes are recorded in our quarterly financial statements based on our estimated annual effective income tax rate, subject to adjustments for discrete events should they occur. The effective tax rate used in the calculation of income taxes was 38.7% and 59.9%, respectively, for the three months ended December 31, 2011 and December 31, 2010. The effective tax rate used in the calculation of income taxes was 38.3% and 41.2%, respectively, for the nine months ended December 31, 2011 and December 31, 2010. The decrease in the effective tax rate for the three and nine months ended December 31, 2011 is primarily due to $0.8 million of non-deductible transaction expenses related to the Blacksmith acquisition and a $0.3 million charge for our deferred state tax rate incurred in the prior year period.

At December 31, 2011, a wholly-owned subsidiary had a net operating loss carryforward of approximately $1.5 million which may be used to offset future taxable income of the consolidated group and which begins to expire in 2020. The net operating loss carryforward is subject to an annual limitation as to usage of approximately $0.2 million pursuant to Internal Revenue Code Section 382.

Uncertain tax liability activity is as follows:



(In thousands)	2011			2010
Balance — March 31	$	456		$	315
Adjustments based on tax positions related to the current year	(164		)	141
Balance — December 31	$	292		$	456

We recognize interest and penalties related to uncertain tax positions as a component of income tax expense. We did not incur any material interest or penalties related to income taxes in any of the periods presented. We do not anticipate any significant events or circumstances that would cause a material change to these uncertainties during the ensuing year.

- Definition

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Regulation S-X (SX)

-Number 210

-Section 08

-Paragraph h

-Article 4

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

-Paragraph 136, 172

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 109

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-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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-Name Accounting Standards Codification

-Topic 235

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-Paragraph 1

-Subparagraph (SX 210.4-08.(h))

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+ Details

Commitments and Contingencies

9 Months Ended

Dec. 31, 2011

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

Trutek Arbitration

On November 1, 2010, Trutek Corp. (“Trutek”) commenced an arbitration proceeding against Prestige Brands, Inc. (“Prestige Brands”), a wholly-owned subsidiary of the Company, in which Trutek alleged that Prestige Brands breached certain terms of a license agreement between Trutek and Prestige Brands providing for the license of certain intellectual property by Trutek to Prestige Brands for an allergy relief product. Prestige Brands denied Trutek's allegations of breach of the license agreement. The arbitration hearing was conducted in October 2011 and closing arguments were made on November 30, 2011. We received a written decision from the arbitration panel on January 30, 2012 in which the panel denied all of Trutek's claims in the arbitration.

In addition to the matters described above, we are involved from time to time in other 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. In addition, because it is not permissible under GAAP to establish a litigation reserve until the loss is both probable and estimable, in some cases there may be insufficient time to establish a reserve prior to the actual incurrence of the loss (upon verdict and judgment at trial, for example, or in the case of a quickly negotiated settlement). We believe the resolution of routine matters and other incidental claims, taking into account reserves and insurance, will not have a material adverse effect on our business, financial condition or results from operations.

Lease Commitments

We have operating leases for office facilities and equipment in New York and Wyoming, which expire at various dates through 2014.

The following summarizes future minimum lease payments for our operating leases as of December 31, 2011:



(In thousands)	Facilities		Equipment		Total
Year Ending March 31,
2012 (Remaining three months ending March 31, 2012)	$	261	$	23	$	284
2013	1,082		50		1,132
2014	719		23		742
2015	56		—		56
Thereafter	—		—		—
	$	2,118	$	96	$	2,214

Rent expense for the three months ended December 31, 2011 and 2010 was $0.3 million and $0.2 million, respectively, while rent expense for the nine months ended December 30, 2011 and 2010 was $0.7 million and $0.6 million, respectively.

Purchase Commitments

We have entered into a ten year supply agreement for the exclusive manufacture of a portion of one of our Household Cleaning products. Although we are committed under the supply agreement to pay the minimum amounts set forth in the table below, the total commitment is less than ten percent of the estimated purchases that we expect to make during the course of the agreement.



(In thousands)
Year Ending March 31,	Amount
2012 (Remaining three months ending March 31, 2012)	$	296
2013	1,166
2014	1,136
2015	1,105
2016	1,074
Thereafter	3,599
	$	8,376

- Definition

The entire disclosure for commitments and contingencies.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name FASB Interpretation (FIN)

-Number 14

-Paragraph 3

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 5

-Paragraph 9, 10, 11, 12

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 3: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 210

-SubTopic 10

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-Paragraph 1

-Subparagraph (SX 210.5-02.25)

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+ Details

Concentrations of Risk	9 Months Ended
Concentrations of Risk	Dec. 31, 2011
Risks and Uncertainties [Abstract]
Concentrations of Risk	Concentrations of Risk Our revenues are concentrated in the areas of OTC Healthcare and Household Cleaning products. We sell our products to mass merchandisers, food and drug stores, and dollar and club stores. During the three and nine months ended December 31, 2011, approximately 55.0% and 54.8%, respectively, of our total revenues were derived from our five top selling brands. During the three and nine months ended December 31, 2010, approximately 61.5% and 68.6%, respectively, of our total revenues were derived from our five top selling brands. One customer accounted for more than 10% of our gross revenues for each of the periods presented. Such customer accounted for approximately 20.9% and 19.1% of our gross revenues for the three and nine months ended December 31, 2011, respectively, and 22.8% and 22.6% of our gross revenues for the three and nine months ended December 31, 2010, respectively. At December 31, 2011, approximately 23.4% of accounts receivable were owed by the same customer. We manage product distribution in the continental United States through a third-party distribution center in St. Louis, Missouri. A serious disruption, such as a flood or fire, to the main distribution center could damage our inventories and could materially impair our ability to distribute our products to customers in a timely manner or at a reasonable cost. We could incur significantly higher costs and experience longer lead times associated with the distribution of our products to our customers during the time that it takes us to reopen or replace our distribution center. As a result, any such disruption could have a material adverse effect on our sales and profitability. At December 31, 2011, we had relationships with 52 third-party manufacturers. Of those, we had long-term contracts with 15 manufacturers that produced items that accounted for approximately 66.7% of gross sales for the nine months ended December 31, 2011. At December 31, 2010, we had relationships with 43 third-party manufacturers. Of those, we had long-term contracts with eight manufacturers that produced items that accounted for approximately 43.5% of gross sales for the nine months ended December 31, 2010. The fact that we do not have long-term contracts with certain manufacturers means they could cease producing products at any time and for any reason, or initiate arbitrary and costly price increases, which could have a material adverse effect on our business, financial condition and results from operations.

- Definition

The entire disclosure for any concentrations existing at the date of the financial statements that make an entity vulnerable to a reasonably possible, near-term, severe impact. This disclosure informs financial statement users about the general nature of the risk associated with the concentration, and may indicate the percentage of concentration risk as of the balance sheet date.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Statement of Financial Accounting Standard (FAS)

-Number 107

-Paragraph 15A

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher AICPA

-Name Statement of Position (SOP)

-Number 94-6

-Paragraph 21, 22, 24

-LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy.

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+ Details

Business Segments

9 Months Ended

Dec. 31, 2011

Segment Reporting [Abstract]

Business Segments

Segment information has been prepared in accordance with the Segment Reporting topic of the FASB ASC. As described in Note 3, on September 1, 2010, we sold certain assets related to the Cutex nail polish remover brand included in our previously reported Personal Care segment to an unrelated third party. The assets sold comprised a substantial majority of the assets in our previously reported Personal Care segment. The remaining assets and revenues generated do not constitute a reportable segment under the Segment Reporting topic of the FASB ASC. Therefore, we reclassified the remaining assets and results of the Personal Care segment to the OTC Healthcare segment for all periods presented. Our current operating and reportable segments now consist of (i) OTC Healthcare and (ii) Household Cleaning.

There were no inter-segment sales or transfers during any of the periods presented. We evaluate the performance of our operating segments and allocate resources to them based primarily on contribution margin.

The tables below summarize information about our operating and reportable segments.



	Three Months Ended December 31, 2011
(In thousands)	OTC Healthcare		Household Cleaning		Consolidated
Net sales	$	84,711	$	21,088	$	105,799
Other revenues	195		256		451
Total revenues	84,906		21,344		106,250
Cost of sales	35,329		15,799		51,128
Gross profit	49,577		5,545		55,122
Advertising and promotion	14,170		1,104		15,274
Contribution margin	$	35,407	$	4,441	39,848
Other operating expenses					16,218
Operating income					23,630
Other expense					8,116
Provision for income taxes					6,004
Income from continuing operations					9,510
Income from discontinued operations, net of income tax					—
Loss on sale of discontinued operations, net of income tax					—
Net income					$	9,510



	Three Months Ended December 31, 2010
(In thousands)	OTC Healthcare		Household Cleaning		Consolidated
Net sales	$	67,287	$	22,790	$	90,077
Other revenues	173		358		531
Total revenues	67,460		23,148		90,608
Cost of sales	30,827		15,769		46,596
Gross profit	36,633		7,379		44,012
Advertising and promotion	11,842		1,207		13,049
Contribution margin	$	24,791	$	6,172	30,963
Other operating expenses					17,939
Operating income					13,024
Other expense					7,674
Provision for income taxes					3,204
Income from continuing operations					2,146
Income from discontinued operations, net of income tax					32
Loss on sale of discontinued operations, net of income tax					—
Net income					$	2,178



	Nine Months Ended December 31, 2011
(In thousands)	OTC Healthcare		Household Cleaning		Consolidated
Net sales	$	234,712	$	69,966	$	304,678
Other revenues	552		1,859		2,411
Total revenues	235,264		71,825		307,089
Cost of sales	97,198		50,995		148,193
Gross profit	138,066		20,830		158,896
Advertising and promotion	34,746		3,834		38,580
Contribution margin	$	103,320	$	16,996	120,316
Other operating expenses					40,049
Operating income					80,267
Other expense					19,910
Provision for income taxes					23,130
Income from continuing operations					37,227
Income from discontinued operations, net of income tax					—
Loss on sale of discontinued operations, net of income tax					—
Net income					$	37,227



	Nine Months Ended December 31, 2010
(In thousands)	OTC Healthcare		Household Cleaning		Consolidated
Net sales	$	162,652	$	75,434	$	238,086
Other revenues	368		1,693		2,061
Total revenues	163,020		77,127		240,147
Cost of sales	64,477		51,097		115,574
Gross profit	98,543		26,030		124,573
Advertising and promotion	23,918		4,857		28,775
Contribution margin	$	74,625	$	21,173	95,798
Other operating expenses					38,277
Operating income					57,521
Other expense					18,808
Provision for income taxes					15,948
Income from continuing operations					22,765
Income from discontinued operations, net of income tax					591
Loss on sale of discontinued operations, net of income tax					(550		)
Net income					$	22,806

During the three and nine months ended December 31, 2011, approximately 96.2% and 96.3%, respectively, of our sales were made to customers in the United States and Canada, while during the three and nine months ended December 31, 2010, approximately 95.5% and 95.7%, respectively, of our sales were made to customers in the United States and Canada. Other than the United States, no individual geographical area accounted for more than 10% of net sales in any of the periods presented.

At December 31, 2011, substantially all of our long-term assets were located in the United States and have been allocated to the operating segments as follows:



(In thousands)	OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	146,307	$	7,389	$	153,696

Intangible assets
Indefinite-lived	568,664		119,820		688,484
Finite-lived	60,666		30,092		90,758
	629,330		149,912		779,242

	$	775,637	$	157,301	$	932,938

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 280

-SubTopic 10

-Section 50

-Paragraph 1

-URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599

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-Publisher FASB

-Name Accounting Standards Codification

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+ Details

Condensed Consolidating Financial Statements

9 Months Ended

Dec. 31, 2011

Condensed Consolidating Financial Statements [Abstract]

Condensed Consolidating Financial Statements

As described in Note 10, we, together with certain of our wholly-owned subsidiaries, have fully and unconditionally guaranteed, on a joint and several basis, the obligations of Prestige Brands, Inc. (a wholly-owned subsidiary of the Company) set forth in the Senior Notes Indenture, including, without limitation, the obligation to pay principal and interest with respect to the 2010 Senior Notes. The wholly-owned subsidiaries of the Company that have guaranteed the 2010 Senior Notes are as follows: Prestige Personal Care Holdings, Inc., Prestige Personal Care, Inc., Prestige Services Corp., Prestige Brands Holdings, Inc. (a Virginia corporation), Prestige Brands International, Inc., Medtech Holdings, Inc., Medtech Products Inc., The Cutex Company, The Denorex Company, The Spic and Span Company, and Blacksmith Brands, Inc. (collectively, the "Subsidiary Guarantors"). A significant portion of our operating income and cash flow is generated by our subsidiaries. As a result, funds necessary to meet Prestige Brands, Inc.'s debt service obligations are provided in part by distributions or advances from our subsidiaries. Under certain circumstances, contractual and legal restrictions, as well as the financial condition and operating requirements of our subsidiaries, could limit Prestige Brands, Inc.'s ability to obtain cash from our subsidiaries for the purpose of meeting our debt service obligations, including the payment of principal and interest on the 2010 Senior Notes. Although holders of the 2010 Senior Notes will be direct creditors of the guarantors of the 2010 Senior Notes by virtue of the guarantees, we have indirect subsidiaries located primarily in the United Kingdom and in the Netherlands (collectively, the "Non-Guarantor Subsidiaries") that have not guaranteed the 2010 Senior Notes, and such subsidiaries will not be obligated with respect to the 2010 Senior Notes. As a result, the claims of creditors of the Non-Guarantor Subsidiaries will effectively have priority with respect to the assets and earnings of such companies over the claims of the holders of the 2010 Senior Notes.

Presented below are supplemental Condensed Consolidating Balance Sheets as of December 31, 2011 and March 31, 2011, Condensed Consolidating Statements of Operations for the three and nine months ended December 31, 2011 and 2010, and Condensed Consolidating Statements of Cash Flows for the nine months ended December 31, 2011 and 2010. Such consolidating information includes separate columns for:

a) Prestige Brands Holdings, Inc., the parent,

b) Prestige Brands, Inc., the issuer,

c) Combined Subsidiary Guarantors,

d) Combined Non-Guarantor Subsidiaries, and

e) Elimination entries necessary to consolidate the Company and all of its subsidiaries.

The Condensed Consolidating Financial Statements are presented using the equity method of accounting for investments in wholly-owned subsidiaries. Under the equity method, the investments in subsidiaries are recorded at cost and adjusted for our share of the subsidiaries' cumulative results of operations, capital contributions, distributions and other equity changes. The elimination entries principally eliminate investments in subsidiaries and intercompany balances and transactions. The financial information in this note should be read in conjunction with the Consolidated Financial Statements presented and other notes related thereto contained in this Quarterly Report on Form 10-Q for the quarter ended December 31, 2011.

Condensed Consolidating Statement of Operations

Three Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	83,572		$	21,088		$	1,139		$	—		$	105,799
Other revenues	—			196			255			284			(284		)	451
Total revenues	—			83,768			21,343			1,423			(284		)	106,250

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			35,138			15,799			475			(284		)	51,128
Gross profit	—			48,630			5,544			948			—			55,122

Advertising and promotion	—			13,547			1,103			624			—			15,274
General and administrative	1,206			9,610			2,450			389			—			13,655
Depreciation and amortization	134			1,954			458			17			—			2,563
Total operating expenses	1,340			25,111			4,011			1,030			—			31,492

Operating income (loss)	(1,340		)	23,519			1,533			(82		)	—			23,630

Other (income) expense
Interest income	(11,790		)	(2,267		)	—			(60		)	14,116			(1		)
Interest expense	—			19,384			2,849			—			(14,116		)	8,117
Equity in income of subsidiaries	(3,125		)	—			—			—			3,125			—
Total other (income) expense	(14,915		)	17,117			2,849			(60		)	3,125			8,116

Income (loss) before income taxes	13,575			6,402			(1,316		)	(22		)	(3,125		)	15,514

Provision (benefit) for income taxes	4,065			2,430			(509		)	18			—			6,004
Net income (loss)	$	9,510		$	3,972		$	(807	)	$	(40	)	$	(3,125	)	$	9,510

Condensed Consolidating Statement of Operations

Three Months Ended December 31, 2010



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	66,089		$	22,790		$	1,198		$	—		$	90,077
Other revenues	—			173			358			336			(336		)	531
Total revenues	—			66,262			23,148			1,534			(336		)	90,608

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			30,662			15,769			501			(336		)	46,596
Gross profit	—			35,600			7,379			1,033			—			44,012

Advertising and promotion	3			11,232			1,206			608			—			13,049
General and administrative	(74		)	12,445			2,797			258			—			15,426
Depreciation and amortization	111			1,921			463			18			—			2,513
Total operating expenses	40			25,598			4,466			884			—			30,988

Operating income (loss)	(40		)	10,002			2,913			149			—			13,024

Other (income) expense
Interest income	(13,073		)	(2,258		)	—			(85		)	15,416			—
Interest expense	—			19,534			3,556			—			(15,416		)	7,674
Equity in income of subsidiaries	4,698			—			—			—			(4,698		)	—
Total other (income) expense	(8,375		)	17,276			3,556			(85		)	(4,698		)	7,674

Income (loss) from continuing operations before income taxes	8,335			(7,274		)	(643		)	234			4,698			5,350

Provision (benefit) for income taxes	6,157			(2,797		)	(245		)	89			—			3,204
Income (loss) from continuing operations	2,178			(4,477		)	(398		)	145			4,698			2,146

Discontinued operations
Income from discontinued operations, net of income tax	—			17			15			—			—			32
Loss on sale of discontinued operations, net of income tax	—			—			—			—			—			—
Net income (loss)	$	2,178		$	(4,460	)	$	(383	)	$	145		$	4,698		$	2,178

Condensed Consolidating Statement of Operations

Nine Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	231,662		$	69,964		$	3,052		$	—		$	304,678
Other revenues	—			552			1,859			1,284			(1,284		)	2,411
Total revenues	—			232,214			71,823			4,336			(1,284		)	307,089

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			97,227			50,995			1,255			(1,284		)	148,193
Gross profit	—			134,987			20,828			3,081			—			158,896

Advertising and promotion	—			33,643			3,834			1,103			—			38,580
General and administrative	627			22,882			7,891			966			—			32,366
Depreciation and amortization	412			5,843			1,375			53			—			7,683
Total operating expenses	1,039			62,368			13,100			2,122			—			78,629

Operating income (loss)	(1,039		)	72,619			7,728			959			—			80,267

Other (income) expense
Interest income	(36,663		)	(6,795		)	—			(173		)	43,627			(4		)
Interest expense	—			58,713			9,891			—			(43,627		)	24,977
Gain on settlement	(5,063		)	—			—			—			—			(5,063		)
Equity in income of subsidiaries	(12,119		)	—			—			—			12,119			—
Total other (income) expense	(53,845		)	51,918			9,891			(173		)	12,119			19,910

Income (loss) before income taxes	52,806			20,701			(2,163		)	1,132			(12,119		)	60,357

Provision (benefit) for income taxes	15,579			8,000			(837		)	388			—			23,130
Net income (loss)	$	37,227		$	12,701		$	(1,326	)	$	744		$	(12,119	)	$	37,227

Condensed Consolidating Statement of Operations

Nine Months Ended December 31, 2010



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors		Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	159,772		$	75,434	$	2,880		$	—		$	238,086
Other revenues	—			369			1,692		1,327			(1,327		)	2,061
Total revenues	—			160,141			77,126		4,207			(1,327		)	240,147

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			64,680			51,097		1,124			(1,327		)	115,574
Gross profit	—			95,461			26,029		3,083			—			124,573

Advertising and promotion	2			22,864			4,858		1,051			—			28,775
General and administrative	(225		)	22,651			8,196		319			—			30,941
Depreciation and amortization	338			5,559			1,388		51			—			7,336
Total operating expenses	115			51,074			14,442		1,421			—			67,052

Operating income (loss)	(115		)	44,387			11,587		1,662			—			57,521

Other (income) expense
Interest income	(39,142		)	(6,884		)	—		(132		)	46,158			—
Interest expense	—			54,021			10,645		—			(46,158		)	18,508
Loss on extinguishment of debt	—			300			—		—			—			300
Equity in income of subsidiaries	110			—			—		—			(110		)	—
Total other (income) expense	(39,032		)	47,437			10,645		(132		)	(110		)	18,808

Income (loss) from continuing operations before income taxes	38,917			(3,050		)	942		1,794			110			38,713

Provision (benefit) for income taxes	16,111			(993		)	361		469			—			15,948
Income (loss) from continuing operations	22,806			(2,057		)	581		1,325			110			22,765

Discontinued operations
Income from discontinued operations, net of income tax	—			578			13		—			—			591
Loss on sale of discontinued operations, net of income tax	—			(550		)	—		—			—			(550		)
Net income (loss)	$	22,806		$	(2,029	)	$	594	$	1,325		$	110		$	22,806

Condensed Consolidating Balance Sheet

December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	$	3,545		$	—		$	—		$	894		$	—		$	4,439
Accounts receivable, net	37			41,166			8,111			849			—			50,163
Inventories	—			33,975			8,973			631			—			43,579
Deferred income tax assets	220			4,731			589			—			—			5,540
Prepaid expenses and other current assets	1,285			872			5			—			—			2,162
Total current assets	5,087			80,744			17,678			2,374			—			105,883

Property and equipment, net	860			268			106			4			—			1,238
Goodwill	—			146,306			7,390			—			—			153,696
Intangible assets, net	—			628,938			149,912			392			—			779,242
Other long-term assets	(1		)	5,789			—			—			—			5,788
Intercompany receivable	1,020,576			937,176			105,748			6,972			(2,070,472		)	—
Investment in subsidiary	456,119			—			—			—			(456,119		)	—
Total Assets	$	1,482,641		$	1,799,221		$	280,834		$	9,742		$	(2,526,591	)	$	1,045,847

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$	1,890		$	13,914		$	7,437		$	736		$	—		$	23,977
Accrued interest payable	—			5,181			—			—			—			5,181
Other accrued liabilities	4,446			29,101			1,568			824			(12,034		)	23,905
Total current liabilities	6,336			48,196			9,005			1,560			(12,034		)	53,063

Long-term debt
Principal amount	—			434,000			—			—			—			434,000
Less unamortized discount	—			(4,368		)	—			—			—			(4,368		)
Long-term debt, net of unamortized discount	—			429,632			—			—			—			429,632

Deferred income tax liabilities	(4,235		)	138,842			26,812			83			—			161,502

Intercompany payable	916,629			968,697			172,479			632			(2,058,437		)	—
Intercompany equity in subsidiaries	162,261			—			—			—			(162,261		)	—

Total Liabilities	1,080,991			1,585,367			208,296			2,275			(2,232,732		)	644,197

Stockholders' Equity
Common stock	504			—			—			—			—			504
Additional paid-in capital	390,863			337,458			118,638			24			(456,120		)	390,863
Treasury stock, at cost - 181 shares	(687		)	—			—			—			—			(687		)
Accumulated other comprehensive loss, net of tax	(70		)	—			—			(70		)	70			(70		)
Retained earnings (accumulated deficit)	11,040			(129,331		)	(46,100		)	13,240			162,191			11,040
Intercompany dividends	—			5,727			—			(5,727		)	—			—
Total Stockholders' Equity	401,650			213,854			72,538			7,467			(293,859		)	401,650

Total Liabilities and Stockholders' Equity	$	1,482,641		$	1,799,221		$	280,834		$	9,742		$	(2,526,591	)	$	1,045,847

Condensed Consolidating Balance Sheet

March 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	$	12,698		$	—		$	—		$	636		$	—		$	13,334
Accounts receivable, net	13			34,835			8,842			703			—			44,393
Inventories	—			31,023			8,050			678			—			39,751
Deferred income tax assets	646			4,168			477			1			—			5,292
Prepaid expenses and other current assets	4,505			156			150			1			—			4,812
Total current assets	17,862			70,182			17,519			2,019			—			107,582

Property and equipment, net	1,131			127			173			13			—			1,444
Goodwill	—			147,506			7,390			—			—			154,896
Intangible assets, net	—			634,704			151,220			437			—			786,361
Other long-term assets	—			6,635			—			—			—			6,635
Intercompany receivable	1,007,260			954,317			92,251			4,558			(2,058,386		)	—
Investment in subsidiary	456,119			—			—			—			(456,119		)	—
Total Assets	$	1,482,372		$	1,813,471		$	268,553		$	7,027		$	(2,514,505	)	$	1,056,918

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$	1,920		$	14,656		$	4,627		$	412		$	—		$	21,615
Accrued interest payable	—			10,313			—			—			—			10,313
Other accrued liabilities	15,555			15,134			(7,382		)	(1,027		)	—			22,280
Total current liabilities	17,475			40,103			(2,755		)	(615		)	—			54,208

Long-term debt
Principal amount	—			492,000			—			—			—			492,000
Less unamortized discount	—			(5,055		)	—			—			—			(5,055		)
Long-term debt, net of unamortized discount	—			486,945			—			—			—			486,945

Deferred income tax liabilities	(2,846		)	132,549			24,135			95			—			153,933

Intercompany payable	931,601			952,721			173,310			754			(2,058,386		)	—
Intercompany equity in subsidiaries	174,310			—			—			—			(174,310		)	—

Total Liabilities	1,120,540			1,612,318			194,690			234			(2,232,696		)	695,086

Stockholders' Equity
Common stock	503			—			—			—			—			503
Additional paid-in capital	387,932			337,458			118,637			24			(456,119		)	387,932
Treasury stock, at cost - 160 shares	(416		)	—			—			—			—			(416		)
(Accumulated deficit) retained earnings	(26,187		)	(142,032		)	(44,774		)	12,496			174,310			(26,187		)
Intercompany dividends	—			5,727			—			(5,727		)	—			—
Total Stockholders' Equity	361,832			201,153			73,863			6,793			(281,809		)	361,832

Total Liabilities and Stockholders' Equity	$	1,482,372		$	1,813,471		$	268,553		$	7,027		$	(2,514,505	)	$	1,056,918

Condensed Consolidating Statement of Cash Flows

Nine Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer				Combined Subsidiary Guarantors				Combined Non- Guarantor Subsidiaries				Eliminations				Consolidated
Operating Activities
Net income (loss)	$	37,227		$	12,701			$	(1,326	)		$	744			$	(12,119	)		$	37,227
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Depreciation and amortization	412			5,843				1,375				53				—				7,683
Deferred income taxes	(963		)	5,718				2,565				1				—				7,321
Amortization of deferred financing costs	—			847				—				—				—				847
Stock-based compensation costs	2,360			—				—				—				—				2,360
Amortization of debt discount	—			687				—				—				—				687
Changes in operating assets and liabilities
Accounts receivable	(23		)	(6,331		)		731				(193		)		—				(5,816		)
Inventories	—			(2,951		)		(924		)		25				—				(3,850		)
Prepaid expenses and other current assets	3,218			(715		)		145				2				—				2,650
Accounts payable	(29		)	(748		)		2,810				359				—				2,392
Accrued liabilities	(14,662		)	14,860				(3,084		)		(622		)		—				(3,508		)
Intercompany activity, net	26,866			(34,020		)		(2,292		)		(200		)		9,646				—
Net cash provided by (used in) operating activities	54,406			(4,109		)		—				169				(2,473		)		47,993

Investing Activities
Purchases of equipment	(140		)	(218		)		—				—				—				(358		)
Proceeds from escrow of Blacksmith acquisition	—			1,200				—				—				—				1,200
Intercompany activity, net	1,200			(1,200		)		—				—				—				—
Net cash provided by (used in) investing activities	1,060			(218		)	—	—			—	—			—	—			—	842

Financing Activities
Repayment of long-term debt	—			(58,000		)		—				—				—				(58,000		)
Proceeds from exercise of stock options	572			—				—				—				—				572
Shares surrendered as payment of tax withholding	(271		)	—				—				—				—				(271		)
Intercompany activity, net	(64,920		)	62,327				—				120				2,473				—
Net cash (used in) provided by financing activities	(64,619		)	4,327				—				120				2,473				(57,699		)

Effect of exchange rate changes on cash and cash equivalents	—			—				—				(31		)		—				(31		)
(Decrease) increase in cash	(9,153		)	—				—				258				—				(8,895		)
Cash - beginning of period	12,698			—				—				636				—				13,334

Cash - end of period	$	3,545		$	—			$	—			$	894			$	—			$	4,439

Condensed Consolidating Statement of Cash Flows

Nine Months Ended December 31, 2010



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Operating Activities
Net income (loss)	$	22,806		$	(2,029	)	$	594		$	1,325		$	110		$	22,806
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	338			5,789			1,388			50			—			7,565
Loss on sale of discontinued operations	—			890			—			—			—			890
Deferred income taxes	(1,039		)	3,768			2,862			—			—			5,591
Amortization of deferred financing costs	—			767			—			—			—			767
Stock-based compensation costs	2,751			—			—			—			—			2,751
Loss on extinguishment of debt	—			300			—			—			—			300
Amortization of debt discount	—			480			—			—			—			480
Loss on disposal of equipment	3			105			20			3			—			131
Changes in operating assets and liabilities, net of effects of purchases of businesses:
Accounts receivable	1,037			3,624			2,985			(316		)	—			7,330
Inventories	—			4,696			(1,712		)	(170		)	—			2,814
Inventories held for sale	—			1,114			—			—			—			1,114
Prepaid expenses and other current assets	3,404			(395		)	157			—			—			3,166
Accounts payable	(1,631		)	(746		)	852			471			—			(1,054		)
Accrued liabilities	(2,069		)	11,567			(2,778		)	288			—			7,008
Intercompany activity, net	—			—			—			—			—			—
Net cash provided by operating activities	25,600			29,930			4,368			1,651			110			61,659

Investing Activities
Purchases of equipment	(358		)	(44		)	—			(3		)	—			(405		)
Proceeds from sale of discontinued operations	—			4,122			—			—			—			4,122
Acquisition of Blacksmith, net of cash acquired	(221		)	(201,823		)	—			—			—			(202,044		)
Net cash used in investing activities	(579		)	(197,745		)	—			(3		)	—			(198,327		)

Financing Activities
Proceeds from issuance of Senior Notes	—			100,250			—			—			—			100,250
Proceeds from issuance of Senior Term Loan	—			112,936			—			—			—			112,936
Payment of deferred financing costs	—			(648		)	—			—			—			(648		)
Repayment of long-term debt	—			(33,587		)	—			—			—			(33,587		)
Proceeds from exercise of stock options	150			—			—			—			—			150
Shares surrendered as payment of tax withholding	(264		)	—			—			—			—			(264		)
Intercompany activity, net	17,101			(11,136		)	(4,368		)	(1,487		)	(110		)	—
Net cash provided by (used in) financing activities	16,987			167,815			(4,368		)	(1,487		)	(110		)	178,837

Increase in cash	42,008			—			—			161			—			42,169
Cash - beginning of period	40,644			—			—			453			—			41,097

Cash - end of period	$	82,652		$	—		$	—		$	614		$	—		$	83,266

Subsequent Events	9 Months Ended
Subsequent Events	Dec. 31, 2011
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events Acquisition and refinancing: On January 24, 2012, we priced, and on January 31, 2012, we completed, an offering of $250.0 million in aggregate principal amount of 8.125% senior notes due 2020 (the “Notes”). In addition, on January 31, 2012, we completed, subject to a post-closing inventory adjustment, the acquisition of 15 North American over-the-counter healthcare brands owned by GSK and its affiliates (the “GSK Brands I”) for $615.0 million in cash, including the related contracts, trademarks and inventory. We also entered into new senior secured term loan and revolving credit facilities and ratably secured our existing 8.25% Senior Notes due 2018 with the new term loan facility. The Notes will be senior unsecured obligations and will be guaranteed by us and certain of our domestic subsidiaries. We are using the net proceeds from the Notes offering, together with borrowings under the new senior secured term loan facility, to finance the acquisition of 17 North American over-the-counter from GSK and its affiliates, to repay our existing senior secured credit facilities, to pay fees and expenses incurred in connection with these transactions and for general corporate purposes. On January 31, 2012, in connection with the completed acquisition of the GSK Brands I, we entered into a New Senior Secured Credit Facility which consists of (i) a $660.0 million term loan facility (“New Term Loan Facility”) with a seven-year maturity and (ii) a $50.0 million asset-based revolving credit facility (“New ABL Revolving Credit Facility”) with a five-year maturity. Borrowings under our New Senior Secured Credit Facility bear interest at a rate per annum (i) with respect to term loans, at our option, at the Eurocurrency Rate (as defined in the agreement) plus 4.00% or the Base Rate (as defined in the agreement) plus 3.00%, (ii) with respect to revolving loans, at our option, at the Eurocurrency Rate plus a range of 1.75% to 2.25% depending on Excess Availability (as defined in the agreement) or the Base Rate plus a range of 0.75% to 1.25% depending on Excess Availability, and (iii) with respect to swing line loans, the Base Rate plus a range of 0.75% to 1.25% depending on Excess Availability. We will be required to make quarterly payments each equal to 0.25% of the original principal amount of the term loan made on the closing date, with the balance expected to be due on the seventh anniversary of the closing date. The GSK Brands I include BC, Goody's and Ecotrin brands of pain relievers; Beano, Gaviscon, Phazyme, Tagamet and Fiber Choice gastrointestinal (“GI”) brands; and the Sominex sleep aid brand. These brands are complementary to our existing OTC Healthcare portfolio. We acquired the GSK Brands I pursuant to the terms of that certain purchase agreement we entered into on December 20, 2011 with GSK and its affiliates. We also entered into a separate purchase agreement on December 20, 2011 with GSK and its affiliates to acquire Debrox and Gly-Oxide brands (the "GSK Brands II") in the United States for $45.0 million in cash, including the related contracts, trademarks and inventory, subject to a post-closing inventory adjustment. The GSK Brands II are also complementary to our existing OTC Healthcare portfolio. The acquisition of the GSK Brands II is expected to be completed no later than June 30, 2012. These acquisitions will be accounted for in accordance with the Business Combinations Topic of the ASC, which requires that the total cost of an acquisition be allocated to the tangible and intangible assets acquired and liabilities assumed based upon their respective fair values at the date of acquisition. As of the date of this Quarterly Report on Form 10−Q, we have not yet completed the initial accounting for the acquisition, and the acquisition−date fair values of the acquired assets and assumed liabilities have not yet been determined. Equity Awards: On January 25, 2012, the Compensation Committee of our Board of Directors granted 95,000 shares of restricted stock units to certain members of executive management. The restricted stock units will vest in equal annual installments over a three year period on the anniversary date of the grants.

Gain on Settlement	9 Months Ended
Gain on Settlement	Dec. 31, 2011
Gain on Settlement of Pending Litigation [Abstract]
Gain on Settlement	Gain on Settlement On June 15, 2011, we received a settlement payment of $8.0 million in the resolution of a pending litigation matter. We incurred costs of $2.9 million in pursuing this matter. Therefore, we recorded a pre-tax gain on settlement of $5.1 million net of costs incurred and $3.2 million after income tax effects for the nine months ended December 31, 2011. The $5.1 million pre-tax gain is included in other (income) expense, as this gain did not relate to our ongoing operations.