Document and Entity Information - shares	6 Months Ended
Document and Entity Information - shares	Sep. 30, 2017	Oct. 27, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	Prestige Brands Holdings, Inc.
Entity Central Index Key	0001295947
Current Fiscal Year End Date	--03-31
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Sep. 30, 2017
Document Fiscal Year Focus	2018
Document Fiscal Period Focus	Q2
Amendment Flag	false
Entity Common Stock, Shares Outstanding		53,038,866

Condensed Consolidated Statements of Income and Comprehensive Income - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Revenues
Net sales	$ 257,930	$ 215,017	$ 514,417	$ 423,787
Other revenues	96	35	182	840
Total revenues	258,026	215,052	514,599	424,627
Cost of Sales
Cost of sales excluding depreciation	112,580	91,087	224,337	179,071
Cost of sales depreciation	1,348	0	2,688	0
Cost of sales	113,928	91,087	227,025	179,071
Gross profit	144,098	123,965	287,574	245,556
Operating Expenses
Advertising and promotion	39,188	28,592	76,132	56,227
General and administrative	21,567	18,795	41,903	38,252
Depreciation and amortization	7,186	6,016	14,353	12,848
(Gain) loss on divestitures	0	(496)	0	54,957
Total operating expenses	67,941	52,907	132,388	162,284
Operating income	76,157	71,058	155,186	83,272
Other (income) expense
Interest income	(85)	(46)	(154)	(103)
Interest expense	26,921	20,876	53,331	42,060
Total other expense	26,836	20,830	53,177	41,957
Income before income taxes	49,321	50,228	102,009	41,315
Provision for income taxes	18,616	18,033	37,545	14,651
Net income	$ 30,705	$ 32,195	$ 64,464	$ 26,664
Earnings per share:
Basic (in USD per share)	$ 0.58	$ 0.61	$ 1.21	$ 0.50
Diluted (in USD per share)	$ 0.57	$ 0.60	$ 1.20	$ 0.50
Weighted average shares outstanding:
Basic (in shares)	53,098	52,993	53,068	52,941
Diluted (in shares)	53,539	53,345	53,524	53,329
Comprehensive income (loss), net of tax:
Currency translation adjustments	$ 2,716	$ 2,703	$ 3,835	$ (3,121)
Unrecognized net gain on pension plans	0	0	1	0
Total other comprehensive income (loss)	2,716	2,703	3,836	(3,121)
Comprehensive income	$ 33,421	$ 34,898	$ 68,300	$ 23,543

Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Current assets
Cash and cash equivalents	$ 42,977	$ 41,855
Accounts receivable, net of allowance of $14,393 and $13,010, respectively	145,422	136,742
Inventories	119,484	115,609
Prepaid expenses and other current assets	23,189	40,228
Total current assets	331,072	334,434
Property, plant and equipment, net	49,570	50,595
Goodwill	620,388	615,252
Intangible assets, net	2,894,140	2,903,613
Other long-term assets	7,023	7,454
Total Assets	3,902,193	3,911,348
Current liabilities
Accounts payable	79,258	70,218
Accrued interest payable	8,333	8,130
Other accrued liabilities	73,131	83,661
Total current liabilities	160,722	162,009
Long-term debt
Principal amount	2,117,000	2,222,000
Less unamortized debt costs	(24,912)	(28,268)
Long-term debt, net	2,092,088	2,193,732
Deferred income tax liabilities	731,684	715,086
Other long-term liabilities	21,733	17,972
Total Liabilities	3,006,227	3,088,799
Commitments and Contingencies — Note 16
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 - 53,392 shares at September 30, 2017 and 53,287 shares at March 31, 2017	534	533
Additional paid-in capital	464,446	458,255
Treasury stock, at cost - 353 shares at September 30, 2017 and 332 shares at March 31, 2017	(7,669)	(6,594)
Accumulated other comprehensive loss, net of tax	(22,516)	(26,352)
Retained earnings	461,171	396,707
Total Stockholders' Equity	895,966	822,549
Total Liabilities and Stockholders' Equity	$ 3,902,193	$ 3,911,348

Condensed Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable, current	$ 14,393	$ 13,010
Stockholders' Equity:
Preferred stock, par value (in USD per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	250,000,000	250,000,000
Common stock, shares issued (in shares)	53,392,000	53,287,000
Treasury stock (in shares)	353,000	332,000

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operating Activities
Net income	$ 64,464	$ 26,664
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	17,041	12,848
(Gain) loss on divestitures	0	54,957
Loss on disposals of property and equipment	1,461	155
Deferred income taxes	16,321	(10,602)
Amortization of debt origination costs	3,494	5,097
Excess tax benefits from share-based awards	470	800
Stock-based compensation costs	4,726	3,933
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(9,345)	356
Inventories	(3,409)	(10,663)
Prepaid expenses and other current assets	17,123	10,112
Accounts payable	8,008	820
Accrued liabilities	(11,869)	6,605
Noncurrent assets and liabilities	55	0
Net cash provided by operating activities	108,540	101,082
Investing Activities
Purchases of property, plant and equipment	(4,785)	(1,404)
Acquisition of Fleet escrow payment	970	0
Proceeds from the sales of property, plant and equipment	0	75
Proceeds from sales of intangible assets	0	52,353
Net cash (used in) provided by investing activities	(3,815)	51,024
Financing Activities
Term loan repayments	(105,000)	(130,500)
Borrowings under revolving credit agreement	0	20,000
Repayments under revolving credit agreement	0	(40,000)
Payments of debt origination costs	0	(9)
Proceeds from exercise of stock options	1,466	3,423
Fair value of shares surrendered as payment of tax withholding	(1,075)	(1,395)
Net cash used in financing activities	(104,609)	(148,481)
Effects of exchange rate changes on cash and cash equivalents	1,006	(397)
Increase in cash and cash equivalents	1,122	3,228
Cash and cash equivalents - beginning of period	41,855	27,230
Cash and cash equivalents - end of period	42,977	30,458
Interest paid	49,404	37,259
Income taxes paid	$ 9,037	$ 6,743

Business and Basis of Presentation	6 Months Ended
Business and Basis of Presentation	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Business and Basis of Presentation	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 100% owned subsidiaries on a consolidated basis) is engaged in the development, manufacturing, marketing, sales and distribution of over-the-counter (“OTC”) healthcare and household cleaning products to mass merchandisers and drug, food, dollar, convenience and club stores in North America (the United States and Canada), and in Australia 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 8. Basis of Presentation The unaudited Condensed 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 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 consolidation. In the opinion of management, these Condensed Consolidated Financial Statements include all adjustments, consisting of normal recurring adjustments, that are considered necessary for a fair statement of our consolidated financial position, results of operations and cash flows for the interim periods presented. Our fiscal year ends on March 31^st of each year. References in these Condensed Consolidated Financial Statements or related notes to a year (e.g., “2018”) mean our fiscal year ending or ended on March 31^st of that year. Operating results for the three and six months ended September 30, 2017 are not necessarily indicative of results that may be expected for the fiscal year ending March 31, 2018. These unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with our audited Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2017. 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. Reclassification In accordance with Accounting Standards Update (“ASU”) 2016-09, Compensation - Stock Compensation (Topic 718), we have reclassified cash flows on our Condensed Consolidated Statements of Cash Flows related to excess tax benefits from a financing activity to an operating activity for all periods presented. The impact of the reclassification on our Financial Statements was not material. 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 the product is received by the customer, and, accordingly, we recognize revenue at that time. Provisions are 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. We recognize the cost of such sales incentives by recording an estimate of such cost as a reduction of revenue, at the later of (a) the date the related revenue is recognized, or (b) the date when a particular sales incentive is offered. 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. Warehousing, shipping and handling and storage costs were $15.1 million and $28.6 million for the three and six months ended September 30, 2017, respectively, and $10.9 million and $21.4 million for the three and six months ended September 30, 2016, respectively. Advertising and Promotion Costs Advertising and promotion costs are expensed as incurred. Allowances for distribution costs associated with products, including slotting fees, are recognized as a reduction of sales. Under these slotting fee distribution arrangements, the retailers allow our products to be placed on the stores' shelves in exchange for such fees. Recently Adopted Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments in this update involve several aspects of accounting for share-based payment transactions, including income tax consequences, classification of awards and classification on the statement of cash flows. For public business entities, the amendments in this update were effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. We adopted ASU 2016-09 effective April 1, 2017, and the adoption did not have a material impact on our Financial Statements. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. The amendments in this update more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards, under which an entity should measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Our adoption of ASU 2015-11, effective April 1, 2017, did not have a material impact on our Financial Statements. Recently Issued Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350). The amendments in this update simplify the test for goodwill impairment by eliminating Step 2 from the impairment test, which required the entity to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities following the procedure that would be required in determining fair value of assets acquired and liabilities assumed in a business combination. The amendments in this update are effective for public companies for annual or any interim goodwill impairments tests in fiscal years beginning after December 15, 2019. We are evaluating the impact of adopting this guidance on our Financial Statements and whether to early adopt this ASU. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805); Clarifying the Definition of a Business. The amendments in this update clarify the definition of a business to help companies evaluate whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this update are effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those periods. We are evaluating the impact of adopting this guidance on our Financial Statements. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments. The amendments in this update provide clarification and guidance on eight cash flow classification issues. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The adoption of ASU 2016-15 is not expected to have a material impact on our Financial Statements. In February 2016, the FASB issued ASU 2016-02, Leases. The amendments in this update include a new FASB Accounting Standards Codification ("ASC") Topic 842, which supersedes Topic 840. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted for all entities as of the beginning of interim or annual reporting periods. We are evaluating the impact of adopting this guidance on our Financial Statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers - Topic 606, including new FASB ASC 606, which supersedes the revenue recognition requirements in FASB ASC 605. The new guidance will eliminate industry-specific revenue recognition guidance under current GAAP and replace it with a principle-based approach for determining revenue recognition. This ASU primarily states that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. This ASU will also require additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU 2015-14, which deferred the effective date of ASU 2014-09 from annual and interim periods beginning after December 15, 2016 to annual and interim periods beginning after December 15, 2017. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. With the issuance of ASU 2016-08 in March 2016, the FASB clarified the implementation guidance on principals versus agent considerations in FASB ASC 606. In April 2016, the FASB issued ASU 2016-10, which clarified implementation guidance on identifying performance obligations and licensing in FASB ASC 606. Certain narrow aspects of the guidance in FASB ASC 606 were amended with the issuances of ASU 2016-12 in May 2016 and ASU 2016-20 in December 2016. We expect to adopt this guidance when effective using the modified retrospective transition method. We have made substantial progress in completing our review of the impact of this guidance. Our implementation approach includes performing a detailed study of the various types of agreements that we have with our customers and assessing conformance of our current accounting practices with the new standard. We currently do not expect this new guidance to have a material impact on our Financial Statements, revenue recognition practices, or our internal controls. We continue to monitor additional amendments, clarifications and interpretations issued by the FASB that may affect our current conclusions.

Acquisitions

6 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Acquisitions

Acquisition of Fleet

On January 26, 2017, the Company completed the acquisition of C.B. Fleet Company, Inc. ("Fleet") pursuant to the Agreement and Plan of Merger, dated as of December 22, 2016, for $823.7 million plus cash on hand at closing and subject to certain adjustments related to net working capital. The purchase price was funded by available cash on hand, additional borrowings under our asset-based revolving credit facility, and a new $740.0 million senior secured incremental term loan. As a result of the merger, we acquired multiple women's health, gastrointestinal and dermatological care OTC brands, including Summer’s Eve, Fleet, and Boudreaux's Butt Paste, as well as a “mix and fill” manufacturing facility in Lynchburg, Virginia. The financial results from the Fleet acquisition are included in the Company's North American and International OTC Healthcare segments.

The acquisition was accounted for in accordance with Business Combinations topic of the FASB ASC 805, 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.

We prepared an analysis of the fair values of the assets acquired and liabilities assumed as of the date of acquisition. The following table summarizes our allocation of the assets acquired and liabilities assumed as of the January 26, 2017 acquisition date.



(In thousands)	January 26, 2017
Cash	$	19,884
Accounts receivable	25,293
Inventories	20,812
Prepaid expenses and other current assets	17,024
Property, plant and equipment	38,661
Goodwill	273,058
Intangible assets	747,600
Other long-term assets	1,137
Total assets acquired	1,143,469

Accounts payable	10,412
Accrued expenses	22,895
Deferred income taxes - long term	261,555
Other long term liabilities	24,884
Total liabilities assumed	319,746
Total purchase price	$	823,723

Based on this preliminary analysis, we allocated $648.7 million to non-amortizable intangible assets and $98.9 million to amortizable intangible assets. We are amortizing the purchased amortizable intangible assets on a straight-line basis over an estimated weighted average useful life of 18.7 years.

We recorded goodwill of $273.1 million based on the amount by which the purchase price exceeded the fair value of the net assets acquired. The goodwill is a result of acquiring and retaining workforces and expected synergies from integrating Fleet's operations into the Company's. Goodwill is not deductible for income tax purposes.

The following table provides our unaudited pro forma revenues, net income and net income per basic and diluted common share had the results of Fleet's operations been included in our operations commencing on April 1, 2016, based on available information related to Fleet'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 Fleet acquisition been consummated at the beginning of the period for which the pro forma information is presented, or of future results.



	Three Months Ended		Six Months Ended
	September 30, 2016		September 30, 2016
(In thousands, except per share data)	(Unaudited)
Revenues	$	265,967	$	526,743
Net income	$	32,358	$	26,428

Earnings per share:
Basic EPS	$	0.61	$	0.50
Diluted EPS	$	0.61	$	0.50

Divestitures and Sale of License Rights	6 Months Ended
Divestitures and Sale of License Rights	Sep. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]
Divestitures and Sale of License Rights	Divestitures and Sale of License Rights Divestitures On July 7, 2016, we completed the sale of the Pediacare, New Skin and Fiber Choice brands for $40.0 million plus the cost of inventory. During the six months ended September 30, 2016, we recorded a pre-tax loss on sale of $56.2 million. Concurrent with the completion of the sale of these brands, we entered into a transitional services agreement with the buyer, whereby we agreed to provide the buyer with various services, including marketing, operations, finance and other services, from the date of the acquisition through January 7, 2017. We also entered into an option agreement with the buyer to purchase Dermoplast at a specified earnings multiple, as defined in the option agreement. The buyer paid a $1.25 million deposit for this option in September 2016 and later notified us of its election to exercise the option. The sale was completed in December 2016. Sale of license rights Historically, we received royalty income from the licensing of the names of certain of our brands in geographic areas or markets in which we do not directly compete. We have had royalty agreements for our Comet brand for several years, which included options on behalf of the licensee to purchase license rights in certain geographic areas and markets in perpetuity. In December 2014, we amended these agreements and we sold rights to use of the Comet brand in certain Eastern European countries to a third-party licensee in exchange for $10.0 million as a partial early buyout of the license. The amended agreement provided that we would continue to receive royalty payments of $1.0 million per quarter for the remaining geographic areas and also granted the licensee an option to acquire the license rights in the remaining geographic areas any time after June 30, 2016. In July 2016, the licensee elected to exercise its option. In August 2016, we received $11.0 million for the purchase of the remaining license rights and, as a result, we recorded a pre-tax gain of $1.2 million and reduced our indefinite-lived trademarks by $9.0 million. Furthermore, the licensee was no longer required to make additional royalty payments to us, and as a result, our future royalty income was reduced accordingly.

Inventories

6 Months Ended

Sep. 30, 2017

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:



(In thousands)	September 30, 2017		March 31, 2017
Components of Inventories
Packaging and raw materials	$	10,770	$	9,984
Work in process	210		369
Finished goods	108,504		105,256
Inventories	$	119,484	$	115,609

Inventories are carried and depicted above at the lower of cost or net realizable value, which includes a reduction in inventory values of $4.2 million and $6.6 million at September 30, 2017 and March 31, 2017, respectively, related to obsolete and slow-moving inventory.

Goodwill

6 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill

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



(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Balance — March 31, 2017	$	576,453	$	32,554	$	6,245	$	615,252
Adjustments ^(a)	4,481		—		—		4,481
Effects of foreign currency exchange rates	—		655		—		655
Balance — September 30, 2017	$	580,934	$	33,209	$	6,245	$	620,388

(a) Amount relates to a measurement period adjustment recorded during the three months ended September 30, 2017, associated with our Fleet acquisition.

As discussed in Note 2, on January 26, 2017, we completed the acquisition of Fleet. In connection with this acquisition, we recorded goodwill of $273.1 million based on the amount by which the purchase price exceeded the fair value of the net assets acquired.

Under accounting guidelines, goodwill is not amortized, but must be tested for impairment annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the reporting unit below the carrying amount.

On an annual basis during the fourth quarter of each fiscal year, or more frequently if conditions indicate that the carrying value of the asset may not be recoverable, management performs a review of the values assigned to goodwill and tests for impairment. At February 28, 2017, during our annual test for goodwill impairment, there were no indicators of impairment under the analysis. Accordingly, no impairment charge was recorded in fiscal 2017. We utilize the discounted cash flow method to estimate the fair value of our reporting units as part of the goodwill impairment test. We also considered our market capitalization at February 28, 2017, which was the date of our annual review, 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 an impairment charge to be recorded in the future. As of September 30, 2017, no events have occurred that would indicate potential impairment of goodwill.

Intangible Assets, net

6 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Intangible Assets, net

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



(In thousands)	Indefinite Lived Trademarks		Finite Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2017	$	2,589,155	$	441,801	$	3,030,956
Effects of foreign currency exchange rates	2,068		156		2,224
Balance — September 30, 2017	2,591,223		441,957		3,033,180

Accumulated Amortization
Balance — March 31, 2017	—		127,343		127,343
Additions	—		11,683		11,683
Effects of foreign currency exchange rates	—		14		14
Balance — September 30, 2017	—		139,040		139,040

Intangible assets, net — September 30, 2017	$	2,591,223	$	302,917	$	2,894,140

As discussed in Note 2, on January 26, 2017, we completed the acquisition of Fleet. In connection with this acquisition, we allocated $747.6 million to intangible assets based on our analysis.

Under accounting guidelines, indefinite-lived assets are not amortized, but must be tested for impairment annually, or more frequently if an event occurs or circumstances change that would more likely than not reduce the fair value of the asset below the carrying amount. Additionally, at each reporting period, an evaluation must be made to determine whether events and circumstances continue to support an indefinite useful life. Intangible assets with finite lives are amortized over their respective estimated useful lives and are also tested for impairment whenever events or changes in circumstances indicate that the carrying value of the asset may not be recoverable and exceeds its fair value.

On an annual basis during the fourth fiscal quarter, or more frequently if conditions indicate that the carrying value of the asset may not be recoverable, management performs a review of both the values and, if applicable, useful lives assigned to intangible assets and tests for impairment.

We utilize the excess earnings method to estimate the fair value of our individual indefinite-lived intangible assets. We also considered our market capitalization at February 28, 2017, which was the date of our annual impairment review. 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 an impairment charge to be recorded in the future. As of September 30, 2017, no events have occurred that would indicate potential impairment of intangible assets.

Other Accrued Liabilities

6 Months Ended

Sep. 30, 2017

Payables and Accruals [Abstract]

Other Accrued Liabilities

Other accrued liabilities consist of the following:



(In thousands)	September 30, 2017		March 31, 2017
Accrued marketing costs	$	30,021	$	29,384
Accrued compensation costs	8,782		15,535
Accrued broker commissions	1,179		1,782
Income taxes payable	3,005		3,840
Accrued professional fees	2,662		2,412
Accrued production costs	5,215		4,580
Income tax related payable	13,921		19,000
Other accrued liabilities	8,346		7,128
	$	73,131	$	83,661

Long-Term Debt

6 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Long-Term Debt

At September 30, 2017, we had $90.0 million outstanding on the asset-based revolving credit facility entered into January 31, 2012, as amended (the "2012 ABL Revolver") and an additional borrowing capacity of $85.0 million.

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



(In thousands, except percentages)	September 30, 2017			March 31, 2017
2016 Senior Notes bearing interest at 6.375%, with interest payable on March 1 and September 1 of each year. The 2016 Senior Notes mature on March 1, 2024.	$	350,000		$	350,000
2013 Senior Notes bearing interest at 5.375%, with interest payable on June 15 and December 15 of each year. The 2013 Senior Notes mature on December 15, 2021.	400,000			400,000
2012 Term B-4 Loans bearing interest at our option at either LIBOR plus a margin of 2.75%, with a LIBOR floor of 0.75%, or a base rate plus a margin (with a margin step-down to 2.50%) due on January 26, 2024.	1,277,000			1,382,000
2012 ABL Revolver bearing interest at our option at either a base rate plus applicable margin or LIBOR plus applicable margin. Any unpaid balance is due on January 26, 2022.	90,000			90,000
Total long-term debt (including current portion)	2,117,000			2,222,000
Current portion of long-term debt	—			—
Long-term debt	2,117,000			2,222,000
Less: unamortized debt costs	(24,912		)	(28,268		)
Long-term debt, net	$	2,092,088		$	2,193,732

As of September 30, 2017, aggregate future principal payments required in accordance with the terms of the 2012 Term B-4 Loans, 2012 ABL Revolver and the indentures governing the 6.375% senior unsecured notes due 2024 (the "2016 Senior Notes") and the 5.375% senior unsecured notes due 2021 (the "2013 Senior Notes") are as follows:



(In thousands)
Year Ending March 31,	Amount
2018 (remaining six months ending March 31, 2018)	$	—
2019	—
2020	—
2021	—
2022	490,000
Thereafter	1,627,000
	$	2,117,000

Fair Value Measurements

6 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Fair Value Measurements

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.

FASB ASC 820, Fair Value Measurements, requires fair value to be determined based on the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market assuming an orderly transaction between market participants. ASC 820 established market (observable inputs) as the preferred source of fair value, to be followed by the Company's assumptions of fair value based on hypothetical transactions (unobservable inputs) in the absence of observable market inputs. Based upon the above, the following fair value hierarchy was created:

Level 1 - Quoted market prices for identical instruments in active markets;

Level 2 - Quoted prices for similar instruments in active markets, as well as quoted prices for identical or similar instruments in markets that are not considered active; and

Level 3 - Unobservable inputs developed by the Company using estimates and assumptions reflective of those that would be utilized by a market participant.

The market values have been determined based on market values for similar instruments adjusted for certain factors. As such, the 2016 Senior Notes, the 2013 Senior Notes, the 2012 Term B-4 Loans, and the 2012 ABL Revolver are measured in Level 2 of the above hierarchy (see summary below detailing the carrying amounts and estimated fair values of these borrowings at September 30, 2017 and March 31, 2017).



	September 30, 2017				March 31, 2017
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
2016 Senior Notes	$	350,000	$	375,375	$	350,000	$	367,500
2013 Senior Notes	400,000		412,000		400,000		409,000
2012 Term B-4 Loans	1,277,000		1,283,385		1,382,000		1,395,820
2012 ABL Revolver	90,000		90,000		90,000		90,000

At September 30, 2017 and March 31, 2017, we did not have any assets or liabilities measured in Level 1 or 3.

In accordance with ASU 2015-07, Fair Value Measurement (Topic 820): Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), investments that are measured at fair value using net asset value ("NAV") per share as a practical expedient have not been classified in the fair value hierarchy.

- 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 + Details

Stockholders' Equity	6 Months Ended
Stockholders' Equity	Sep. 30, 2017
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 outstanding stock having priority rights as to dividends. No dividends have been declared or paid on the Company's common stock through September 30, 2017. During the three months ended September 30, 2017 and 2016, we repurchased 933 shares and 0 shares, respectively, of restricted common stock from our employees pursuant to the provisions of various employee restricted stock awards. The repurchases for the three months ended September 30, 2017 were at an average price of $51.60. During the six months ended September 30, 2017 and 2016, we repurchased 20,549 shares and 24,988 shares, respectively, of restricted common stock from our employees pursuant to the provisions of various employee restricted stock awards. The repurchases for the six months ended September 30, 2017 and 2016 were at an average price of $52.33 and $55.82, respectively. All of the repurchased shares have been recorded as treasury stock.

Accumulated Other Comprehensive Loss

6 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Accumulated Other Comprehensive Loss

The table below presents accumulated other comprehensive loss (“AOCI”), which affects 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 September 30, 2017 and March 31, 2017:



	September 30,			March 31,
(In thousands)	2017			2017
Components of Accumulated Other Comprehensive Loss
Cumulative translation adjustment	$	(22,265	)	$	(26,100	)
Unrecognized net loss on pension plans	(251		)	(252		)
Accumulated other comprehensive loss, net of tax	$	(22,516	)	$	(26,352	)

As of September 30, 2017 and March 31, 2017, no amounts were reclassified from accumulated other comprehensive income into earnings.

Earnings Per Share

6 Months Ended

Sep. 30, 2017

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 and restricted stock units. In loss periods, the assumed exercise of in-the-money stock options and restricted stock units has an anti-dilutive effect, and therefore these instruments are excluded from the computation of diluted earnings per share.

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended September 30,				Six Months Ended September 30,
(In thousands, except per share data)	2017		2016		2017		2016
Numerator
Net income	$	30,705	$	32,195	$	64,464	$	26,664

Denominator
Denominator for basic earnings per share — weighted average shares outstanding	53,098		52,993		53,068		52,941
Dilutive effect of unvested restricted stock units and options issued to employees and directors	441		352		456		388
Denominator for diluted earnings per share	53,539		53,345		53,524		53,329

Earnings per Common Share:
Basic net earnings per share	$	0.58	$	0.61	$	1.21	$	0.50

Diluted net earnings per share	$	0.57	$	0.60	$	1.20	$	0.50

For the three months ended September 30, 2017 and 2016, there were 0.4 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 six months ended September 30, 2017 and 2016, there were 0.4 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.

Share-Based Compensation

6 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

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 grants of up to a maximum of 5.0 million shares of restricted stock, stock options, restricted stock units ("RSUs") and other equity-based awards. In June 2014, the Board of Directors approved, and in July 2014, our stockholders ratified, an increase of an additional 1.8 million shares of our common stock for issuance under the Plan, increased the maximum number of shares subject to stock options that may be awarded to any one participant under the Plan during any fiscal 12-month period from 1.0 million to 2.5 million shares, and extended the term of the Plan by ten years, to February 2025. 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 six months ended September 30, 2017, pre-tax share-based compensation costs charged against income were $3.0 million and $4.7 million, respectively, and the related income tax benefit recognized was $1.0 million and $1.5 million, respectively. During the three and six months ended September 30, 2016, pre-tax share-based compensation costs charged against income were $2.0 million and $3.9 million, respectively, and the related income tax benefit recognized was $0.5 million and $1.2 million, respectively.

At September 30, 2017, there were $10.7 million of unrecognized compensation costs related to unvested 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 year. The total fair value of options and restricted stock units vested during the six months ended September 30, 2017 and 2016 was $6.7 million and $6.0 million, respectively. For the six months ended September 30, 2017 and 2016, we received cash from the exercise of stock options of $1.5 million and $3.4 million, respectively. For the six months ended September 30, 2017 and 2016, we realized $1.2 million and $1.7 million, respectively, in tax benefits from the tax deductions resulting from restricted stock issuances and stock option exercises. At September 30, 2017, there were 2.2 million shares available for issuance under the Plan.

On May 8, 2017, the Compensation and Talent Management Committee of our Board of Directors granted 35,593 performance units, 54,773 RSUs and stock options to acquire 182,823 shares of our common stock to certain executive officers and employees under the Plan. The stock options were granted at an exercise price of $56.11 per share, which was equal to the closing price for our common stock on the date of the grant.

Pursuant to the Plan, each of the independent members of the Board of Directors received a grant of 2,564 RSUs on August 1, 2017. The RSUs are fully vested upon receipt of the award and will be settled by delivery to the director of one share of common stock of the Company for each vested RSU promptly following the earliest of the director's (i) death, (ii) disability or (iii) the six-month anniversary of the date on which the director's Board membership ceases for reasons other than death or disability.

Restricted Stock Units

RSUs granted to employees under the Plan generally vest in three years, primarily upon the attainment of certain time vesting thresholds, and, in the case of performance share units, may also be contingent on the attainment of certain performance goals of the Company, including revenue and earnings before income taxes, depreciation and amortization targets. The RSUs provide for accelerated vesting if there is a change of control, as defined in the Plan. The RSUs granted to employees generally vest either ratably over three years or in their entirety on the three-year anniversary of the date of the grant. Upon vesting, the units will be settled in shares of our common stock. Termination of employment prior to vesting will result in forfeiture of the RSUs, unless otherwise accelerated by the Compensation and Talent Management Committee or, in the case of RSUs granted in May 2017, subject to pro-rata vesting in the event of death, disability or retirement. The RSUs granted to directors vest either in their entirety one year after the date of grant so long as membership on the Board of Directors continues through the vesting date, or immediately upon grant, and will be settled by delivery to the director of one share of common stock of the Company for each vested RSU promptly following the earliest of the director's (i) death, (ii) disability or (iii) the 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 the RSUs is determined using the closing price of our common stock on the date of the grant. The weighted-average grant-date fair value of RSUs granted during the six months ended September 30, 2017 and 2016 was $55.61 and $55.65, respectively.

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



RSUs	Shares (in thousands)		Weighted- Average Grant-Date Fair Value
Six months ended September 30, 2016
Vested and nonvested at March 31, 2016	467.8		$	35.22
Granted	65.8		55.65
Vested and issued	(92.7	)	28.47
Forfeited	(91.0	)	41.69
Vested and nonvested at September 30, 2016	349.9		39.16
Vested at September 30, 2016	63.4		20.12

Six months ended September 30, 2017
Vested and nonvested at March 31, 2017	350.1		$	39.29
Granted	105.8		55.61
Vested and issued	(53.3	)	34.30
Forfeited	(6.7	)	49.30
Vested and nonvested at September 30, 2017	395.9		44.15
Vested at September 30, 2017	90.5		29.88

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 ten 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 in the event of a change in control, as defined in the Plan. Except in the case of death, disability or retirement, termination of employment prior to vesting will result in forfeiture of the unvested stock options. Vested stock options will remain exercisable by the employee after termination of employment, subject to the terms 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 our historical experience, 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 options.

The weighted-average grant-date fair values of the options granted during the six months ended September 30, 2017 and 2016 were $21.20 and $21.87, respectively.



	Six months ended September 30,
	2017			2016
Expected volatility	35.2		%	37.8		%
Expected dividends	$	—		$	—
Expected term in years	6.0			6.0
Risk-free rate	2.2		%	1.7		%

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



Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in thousands)
Six months ended September 30, 2016
Outstanding at March 31, 2016	727.7		$	30.70
Granted	250.6		56.17
Exercised	(107.1	)	31.97
Forfeited or expired	(90.7	)	42.56
Outstanding at September 30, 2016	780.5		37.33		7.5	$	10,326
Exercisable at September 30, 2016	383.7		25.61		6.5	$	8,693

Six months ended September 30, 2017
Outstanding at March 31, 2017	772.3		$	37.70
Granted	182.8		56.11
Exercised	(51.0	)	28.76
Forfeited or expired	(19.0	)	47.57
Outstanding at September 30, 2017	885.1		41.80		7.5	$	9,768
Exercisable at September 30, 2017	498.4		32.34		6.3	$	9,305

The aggregate intrinsic value of options exercised in the six months ended September 30, 2017 was $1.2 million.

Income Taxes	6 Months Ended
Income Taxes	Sep. 30, 2017
Income Tax Disclosure [Abstract]
Income Taxes	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 rates used in the calculation of income taxes were 37.7% and 35.9% for the three months ended September 30, 2017 and 2016, respectively. The effective rates used in the calculation of income taxes were 36.8% and 35.5% for the six months ended September 30, 2017 and 2016, respectively. The increase in the effective tax rate for the three and six months ended September 30, 2017 was primarily due to state tax increases that occurred during the period. The balance in our uncertain tax liability was $8.1 million at September 30, 2017 and $3.7 million March 31, 2017. The increase in our uncertain tax liability was related to a measurement period adjustment associated with our Fleet acquisition. 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.

Employee Retirement Plans

6 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Employee Retirement Plans

The primary components of Net Periodic Benefits consist of the following:



(In thousands)	Three Months Ended September 30, 2017			Six Months Ended September 30, 2017
Interest cost	$	634		$	1,263
Expected return on assets	(725		)	(1,451		)
Net periodic benefit cost (income)	$	(91	)	$	(188	)

During the six months ended September 30, 2017, the Company contributed $0.2 million to our non-qualified defined benefit plan and made no contributions to the qualified defined benefit plan. During the remainder of fiscal 2018, we expect to contribute an additional $0.2 million to the non-qualified plan and make no contributions to the qualified plan.

Commitments and Contingencies

6 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

We are involved from time to time in legal matters and other claims incidental to our business. We review outstanding claims and proceedings internally and with external counsel as necessary to assess the probability and amount of a 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 legal matters and other claims incidental to our business, taking our reserves into account, will not have a material adverse effect on our business, financial condition, or results of operations.

Purchase Commitments

We have supply agreements for the manufacture of some of our products. The following table shows the minimum amounts that we are committed to pay under these agreements:



(In thousands)
Year Ending March 31,	Amount
2018 (Remaining six months ending March 31, 2018)	$	2,836
2019	9,082
2020	9,859
2021	9,300
2022	9,300
Thereafter	2,300
	$	42,677

Concentrations of Risk	6 Months Ended
Concentrations of Risk	Sep. 30, 2017
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 and drug, food, dollar, convenience and club stores. During the three and six months ended September 30, 2017, approximately 40.8% and 42.0%, respectively, of our total revenues were derived from our five top selling brands. During the three and six months ended September 30, 2016, approximately 41.6% and 42.0%, respectively, of our total revenues were derived from our five top selling brands. Two customers, Walmart and Walgreens, accounted for more than 10% of our gross revenues for each of the periods presented. Walmart accounted for approximately 25.3% and 25.4%, respectively, of our gross revenues for the three and six months ended September 30, 2017. Walgreens accounted for approximately 8.7% and 8.9%, respectively, of gross revenues for the three and six months ended September 30, 2017. Walmart accounted for approximately 21.1% and 20.9%, respectively, of our gross revenues for the three and six months ended September 30, 2016. Walgreens accounted for approximately 10.7% and 10.5%, respectively, of gross revenues for the three and six months ended September 30, 2016. At September 30, 2017, approximately 24.9% and 8.3% of accounts receivable were owed by Walmart and Walgreens, respectively. We manage product distribution in the continental United States through a third-party distribution center in St. Louis, Missouri. A serious disruption, such as an earthquake, tornado, 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 business, sales and profitability. At September 30, 2017, we had relationships with 110 third-party manufacturers. Of those, we had long-term contracts with 45 manufacturers that produced items that accounted for approximately 79.5% of gross sales for the six months ended September 30, 2017. At September 30, 2016, we had relationships with 116 third-party manufacturers. Of those, we had long-term contracts with 49 manufacturers that produced items that accounted for approximately 78.8% of gross sales for the six months ended September 30, 2016. The fact that we do not have long-term contracts with certain manufacturers means that they could cease manufacturing our 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 and results of operations. Although we are in the process of negotiating long-term contracts with certain key manufacturers, we may not be able to reach a timely agreement, which could have a material adverse effect on our business and results of operations.

Business Segments

6 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Business Segments

Segment information has been prepared in accordance with the Segment Reporting topic of the FASB ASC 280. Our current reportable segments consist of (i) North American OTC Healthcare, (ii) International OTC Healthcare and (iii) Household Cleaning. We evaluate the performance of our operating segments and allocate resources to these segments based primarily on contribution margin, which we define as gross profit less advertising and promotional expenses.

The tables below summarize information about our reportable segments.



	Three Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	215,302	$	20,957	$	21,767	$	258,026
Cost of sales	87,184		9,296		17,448		113,928
Gross profit	128,118		11,661		4,319		144,098
Advertising and promotion	35,064		3,593		531		39,188
Contribution margin	$	93,054	$	8,068	$	3,788	104,910
Other operating expenses							28,753
Operating income							76,157
Other expense							26,836
Income before income taxes							49,321
Provision for income taxes							18,616
Net income							$	30,705

* Intersegment revenues of $2.3 million were eliminated from the North America OTC Healthcare segment.



	Six Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	431,117	$	41,855	$	41,627	$	514,599
Cost of sales	173,685		19,246		34,094		227,025
Gross profit	257,432		22,609		7,533		287,574
Advertising and promotion	67,872		7,283		977		76,132
Contribution margin	$	189,560	$	15,326	$	6,556	211,442
Other operating expenses							56,256
Operating income							155,186
Other expense							53,177
Income before income taxes							102,009
Provision for income taxes							37,545
Net income							$	64,464

* Intersegment revenues of $3.7 million were eliminated from the North American OTC Healthcare segment.



	Three Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	172,447	$	18,804	$	23,801	$	215,052
Cost of sales	65,402		7,096		18,589		91,087
Gross profit	107,045		11,708		5,212		123,965
Advertising and promotion	24,811		3,244		537		28,592
Contribution margin	$	82,234	$	8,464	$	4,675	95,373
Other operating expenses**							24,315
Operating income							71,058
Other expense							20,830
Income before income taxes							50,228
Provision for income taxes							18,033
Net income							$	32,195

* Intersegment revenues of $0.1 million were eliminated from the North American OTC Healthcare segment.

**Other operating expenses for the three months ended September 30, 2016 includes a pre-tax loss on sale of assets of $0.7 million related to Pediacare, New Skin, and Fiber Choice and a pre-tax gain on sale of assets of $1.2 million associated with the sale of license rights in certain geographic areas pertaining to Comet. The assets and corresponding contribution margin associated with the pre-tax loss on sale of assets related to Pediacare, New Skin, and Fiber Choice are included within the North American OTC Healthcare segment, while the pre-tax gain on sale of license rights related to Comet are included in the Household Cleaning segment.



	Six Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	344,527	$	34,608	$	45,492	$	424,627
Cost of sales	129,636		14,044		35,391		179,071
Gross profit	214,891		20,564		10,101		245,556
Advertising and promotion	49,851		5,368		1,008		56,227
Contribution margin	$	165,040	$	15,196	$	9,093	189,329
Other operating expenses**							106,057
Operating income							83,272
Other expense							41,957
Income before income taxes							41,315
Provision for income taxes							14,651
Net income							$	26,664

* Intersegment revenues of $1.4 million were eliminated from the North American OTC Healthcare segment.

**Other operating expenses for the six months ended September 30, 2016 includes a pre-tax loss on sale of assets of $56.2 million related to Pediacare, New Skin, and Fiber Choice and a pre-tax gain on sale of assets of $1.2 million associated with the sale of license rights in certain geographic areas pertaining to Comet. The assets and corresponding contribution margin associated with the pre-tax loss on sale of assets related to Pediacare, New Skin, and Fiber Choice are included within the North American OTC Healthcare segment, while the pre-tax gain on sale of license rights related to Comet are included in the Household Cleaning segment.

The tables below summarize information about our segment revenues from similar product groups.



	Three Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	29,348	$	40	$	—	$	29,388
Cough & Cold	21,567		4,659		—		26,226
Women's Health	61,436		1,906		—		63,342
Gastrointestinal	28,323		8,139		—		36,462
Eye & Ear Care	22,535		2,590		—		25,125
Dermatologicals	25,821		524		—		26,345
Oral Care	24,990		3,097		—		28,087
Other OTC	1,282		2		—		1,284
Household Cleaning	—		—		21,767		21,767
Total segment revenues	$	215,302	$	20,957	$	21,767	$	258,026



	Six Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	58,638	$	549	$	—	$	59,187
Cough & Cold	38,977		9,272		—		48,249
Women's Health	124,581		5,500		—		130,081
Gastrointestinal	58,753		13,872		—		72,625
Eye & Ear Care	47,806		5,645		—		53,451
Dermatologicals	49,952		1,025		—		50,977
Oral Care	49,882		5,989		—		55,871
Other OTC	2,528		3		—		2,531
Household Cleaning	—		—		41,627		41,627
Total segment revenues	$	431,117	$	41,855	$	41,627	$	514,599



	Three Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	29,993	$	544	$	—	$	30,537
Cough & Cold	21,106		5,160		—		26,266
Women's Health	33,268		635		—		33,903
Gastrointestinal	16,280		6,088		—		22,368
Eye & Ear Care	22,934		2,989		—		25,923
Dermatologicals	22,952		567		—		23,519
Oral Care	24,368		2,820		—		27,188
Other OTC	1,546		1		—		1,547
Household Cleaning	—		—		23,801		23,801
Total segment revenues	$	172,447	$	18,804	$	23,801	$	215,052



	Six Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	58,119	$	1,071	$	—	$	59,190
Cough & Cold	39,073		9,552		—		48,625
Women's Health	66,155		1,571		—		67,726
Gastrointestinal	35,386		10,344		—		45,730
Eye & Ear Care	48,941		5,785		—		54,726
Dermatologicals	45,650		1,238		—		46,888
Oral Care	48,179		5,037		—		53,216
Other OTC	3,024		10		—		3,034
Household Cleaning	—		—		45,492		45,492
Total segment revenues	$	344,527	$	34,608	$	45,492	$	424,627

During the three months ended September 30, 2017 and 2016, approximately 87.3% and 85.8%, respectively, of our total segment revenues were from customers in the United States. During the six months ended September 30, 2017 and 2016, approximately 87.5% and 86.7%, respectively, of our total segment revenues were from customers in the United States. Other than the United States, no individual geographical area accounted for more than 10% of net sales in any of the periods presented. During the three months ended September 30, 2017, our Canada and Australia sales accounted for approximately 4.5% and 4.5%, respectively, of our total segment revenues, while during the three months ended September 30, 2016, our Canada and Australia sales accounted for approximately 5.4% and 5.9%, respectively, of our total segment revenues. During the six months ended September 30, 2017, our Canada and Australia sales accounted for approximately 4.2% and 4.3%, respectively, of our total segment revenues, while during the six months ended September 30, 2016, our Canada and Australia sales accounted for approximately 5.1% and 5.5%, respectively, of our total segment revenues.

At September 30, 2017 and March 31, 2017, approximately 96.4% of our consolidated goodwill and intangible assets were located in the United States and approximately 3.6% were located in Australia, the United Kingdom and Singapore. These consolidated goodwill and intangible assets have been allocated to the reportable segments as follows:



September 30, 2017 (In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	580,934	$	33,209	$	6,245	$	620,388

Intangible assets
Indefinite-lived	2,404,336		85,626		101,261		2,591,223
Finite-lived, net	276,512		6,343		20,062		302,917
Intangible assets, net	2,680,848		91,969		121,323		2,894,140
Total	$	3,261,782	$	125,178	$	127,568	$	3,514,528



March 31, 2017 (In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	576,453	$	32,554	$	6,245	$	615,252

Intangible assets
Indefinite-lived	2,404,336		83,558		101,261		2,589,155
Finite-lived, net	287,056		6,468		20,934		314,458
Intangible assets, net	2,691,392		90,026		122,195		2,903,613
Total	$	3,267,845	$	122,580	$	128,440	$	3,518,865

Business and Basis of Presentation (Policies)	6 Months Ended
Business and Basis of Presentation (Policies)	Sep. 30, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The unaudited Condensed 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 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 consolidation. In the opinion of management, these Condensed Consolidated Financial Statements include all adjustments, consisting of normal recurring adjustments, that are considered necessary for a fair statement of our consolidated financial position, results of operations and cash flows for the interim periods presented. Our fiscal year ends on March 31^st of each year. References in these Condensed Consolidated Financial Statements or related notes to a year (e.g., “2018”) mean our fiscal year ending or ended on March 31^st of that year. Operating results for the three and six months ended September 30, 2017 are not necessarily indicative of results that may be expected for the fiscal year ending March 31, 2018. These unaudited Condensed Consolidated Financial Statements and related notes should be read in conjunction with our audited Consolidated Financial Statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended March 31, 2017.
Use of Estimates	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.
Reclassification	Reclassification In accordance with Accounting Standards Update (“ASU”) 2016-09, Compensation - Stock Compensation (Topic 718), we have reclassified cash flows on our Condensed Consolidated Statements of Cash Flows related to excess tax benefits from a financing activity to an operating activity for all periods presented.
Revenue Recognition	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 the product is received by the customer, and, accordingly, we recognize revenue at that time. Provisions are 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. We recognize the cost of such sales incentives by recording an estimate of such cost as a reduction of revenue, at the later of (a) the date the related revenue is recognized, or (b) the date when a particular sales incentive is offered. 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 Cost of sales includes product costs, warehousing costs, inbound and outbound shipping costs, and handling and storage costs.
Advertising and Promotion Costs	Advertising and Promotion Costs Advertising and promotion costs are expensed as incurred. Allowances for distribution costs associated with products, including slotting fees, are recognized as a reduction of sales. Under these slotting fee distribution arrangements, the retailers allow our products to be placed on the stores' shelves in exchange for such fees.
Recently Issued Accounting Standards	Recently Adopted Accounting Pronouncements In March 2016, the FASB issued ASU 2016-09, Compensation - Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting. The amendments in this update involve several aspects of accounting for share-based payment transactions, including income tax consequences, classification of awards and classification on the statement of cash flows. For public business entities, the amendments in this update were effective for annual periods beginning after December 15, 2016, and interim periods within those annual periods. We adopted ASU 2016-09 effective April 1, 2017, and the adoption did not have a material impact on our Financial Statements. In July 2015, the FASB issued ASU 2015-11, Simplifying the Measurement of Inventory. The amendments in this update more closely align the measurement of inventory in GAAP with the measurement of inventory in International Financial Reporting Standards, under which an entity should measure inventory at the lower of cost or net realizable value. Net realizable value is the estimated selling price in the ordinary course of business, less reasonably predictable costs of completion, disposal, and transportation. For public business entities, the amendments are effective for fiscal years beginning after December 15, 2016, including interim periods within those fiscal years. Our adoption of ASU 2015-11, effective April 1, 2017, did not have a material impact on our Financial Statements. Recently Issued Accounting Pronouncements In January 2017, the FASB issued ASU 2017-04, Intangibles - Goodwill and Other (Topic 350). The amendments in this update simplify the test for goodwill impairment by eliminating Step 2 from the impairment test, which required the entity to perform procedures to determine the fair value at the impairment testing date of its assets and liabilities following the procedure that would be required in determining fair value of assets acquired and liabilities assumed in a business combination. The amendments in this update are effective for public companies for annual or any interim goodwill impairments tests in fiscal years beginning after December 15, 2019. We are evaluating the impact of adopting this guidance on our Financial Statements and whether to early adopt this ASU. In January 2017, the FASB issued ASU 2017-01, Business Combinations (Topic 805); Clarifying the Definition of a Business. The amendments in this update clarify the definition of a business to help companies evaluate whether transactions should be accounted for as acquisitions or disposals of assets or businesses. The amendments in this update are effective for public companies for annual periods beginning after December 15, 2017, including interim periods within those periods. We are evaluating the impact of adopting this guidance on our Financial Statements. In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments. The amendments in this update provide clarification and guidance on eight cash flow classification issues. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2017, and interim periods within those fiscal years. The adoption of ASU 2016-15 is not expected to have a material impact on our Financial Statements. In February 2016, the FASB issued ASU 2016-02, Leases. The amendments in this update include a new FASB Accounting Standards Codification ("ASC") Topic 842, which supersedes Topic 840. The core principle of Topic 842 is that a lessee should recognize the assets and liabilities that arise from leases. For public business entities, the amendments in this update are effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years. Early application is permitted for all entities as of the beginning of interim or annual reporting periods. We are evaluating the impact of adopting this guidance on our Financial Statements. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers - Topic 606, including new FASB ASC 606, which supersedes the revenue recognition requirements in FASB ASC 605. The new guidance will eliminate industry-specific revenue recognition guidance under current GAAP and replace it with a principle-based approach for determining revenue recognition. This ASU primarily states that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods and services. This ASU will also require additional disclosures regarding the nature, amount, timing and uncertainty of revenue and cash flows arising from customer contracts. In August 2015, the FASB issued ASU 2015-14, which deferred the effective date of ASU 2014-09 from annual and interim periods beginning after December 15, 2016 to annual and interim periods beginning after December 15, 2017. Earlier application is permitted only as of annual reporting periods beginning after December 15, 2016, including interim periods within that reporting period. With the issuance of ASU 2016-08 in March 2016, the FASB clarified the implementation guidance on principals versus agent considerations in FASB ASC 606. In April 2016, the FASB issued ASU 2016-10, which clarified implementation guidance on identifying performance obligations and licensing in FASB ASC 606. Certain narrow aspects of the guidance in FASB ASC 606 were amended with the issuances of ASU 2016-12 in May 2016 and ASU 2016-20 in December 2016. We expect to adopt this guidance when effective using the modified retrospective transition method. We have made substantial progress in completing our review of the impact of this guidance. Our implementation approach includes performing a detailed study of the various types of agreements that we have with our customers and assessing conformance of our current accounting practices with the new standard. We currently do not expect this new guidance to have a material impact on our Financial Statements, revenue recognition practices, or our internal controls. We continue to monitor additional amendments, clarifications and interpretations issued by the FASB that may affect our current conclusions.

Acquisitions (Tables)

6 Months Ended

Sep. 30, 2017

Business Combinations [Abstract]

Allocation of Assets Acquired and Liabilities Assumed

The following table summarizes our allocation of the assets acquired and liabilities assumed as of the January 26, 2017 acquisition date.



(In thousands)	January 26, 2017
Cash	$	19,884
Accounts receivable	25,293
Inventories	20,812
Prepaid expenses and other current assets	17,024
Property, plant and equipment	38,661
Goodwill	273,058
Intangible assets	747,600
Other long-term assets	1,137
Total assets acquired	1,143,469

Accounts payable	10,412
Accrued expenses	22,895
Deferred income taxes - long term	261,555
Other long term liabilities	24,884
Total liabilities assumed	319,746
Total purchase price	$	823,723

Schedule of Pro Forma Information



	Three Months Ended		Six Months Ended
	September 30, 2016		September 30, 2016
(In thousands, except per share data)	(Unaudited)
Revenues	$	265,967	$	526,743
Net income	$	32,358	$	26,428

Earnings per share:
Basic EPS	$	0.61	$	0.50
Diluted EPS	$	0.61	$	0.50

Inventories (Tables)

6 Months Ended

Sep. 30, 2017

Inventory Disclosure [Abstract]

Inventories

Inventories consist of the following:



(In thousands)	September 30, 2017		March 31, 2017
Components of Inventories
Packaging and raw materials	$	10,770	$	9,984
Work in process	210		369
Finished goods	108,504		105,256
Inventories	$	119,484	$	115,609

Goodwill (Tables)

6 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Reconciliation of the Activity Affecting Goodwill

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



(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Balance — March 31, 2017	$	576,453	$	32,554	$	6,245	$	615,252
Adjustments ^(a)	4,481		—		—		4,481
Effects of foreign currency exchange rates	—		655		—		655
Balance — September 30, 2017	$	580,934	$	33,209	$	6,245	$	620,388

(a) Amount relates to a measurement period adjustment recorded during the three months ended September 30, 2017, associated with our Fleet acquisition

Intangible Assets, net (Tables)

6 Months Ended

Sep. 30, 2017

Goodwill and Intangible Assets Disclosure [Abstract]

Reconciliation of the Activity Affecting Finite Lived Intangible Assets

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



(In thousands)	Indefinite Lived Trademarks		Finite Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2017	$	2,589,155	$	441,801	$	3,030,956
Effects of foreign currency exchange rates	2,068		156		2,224
Balance — September 30, 2017	2,591,223		441,957		3,033,180

Accumulated Amortization
Balance — March 31, 2017	—		127,343		127,343
Additions	—		11,683		11,683
Effects of foreign currency exchange rates	—		14		14
Balance — September 30, 2017	—		139,040		139,040

Intangible assets, net — September 30, 2017	$	2,591,223	$	302,917	$	2,894,140

Reconciliation of the Activity Affecting Indefinite Lived Intangible Assets

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



(In thousands)	Indefinite Lived Trademarks		Finite Lived Trademarks and Customer Relationships		Totals
Gross Carrying Amounts
Balance — March 31, 2017	$	2,589,155	$	441,801	$	3,030,956
Effects of foreign currency exchange rates	2,068		156		2,224
Balance — September 30, 2017	2,591,223		441,957		3,033,180

Accumulated Amortization
Balance — March 31, 2017	—		127,343		127,343
Additions	—		11,683		11,683
Effects of foreign currency exchange rates	—		14		14
Balance — September 30, 2017	—		139,040		139,040

Intangible assets, net — September 30, 2017	$	2,591,223	$	302,917	$	2,894,140

Long-Term Debt (Tables)

6 Months Ended

Sep. 30, 2017

Debt Disclosure [Abstract]

Schedule of Long-term Debt

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



(In thousands, except percentages)	September 30, 2017			March 31, 2017
2016 Senior Notes bearing interest at 6.375%, with interest payable on March 1 and September 1 of each year. The 2016 Senior Notes mature on March 1, 2024.	$	350,000		$	350,000
2013 Senior Notes bearing interest at 5.375%, with interest payable on June 15 and December 15 of each year. The 2013 Senior Notes mature on December 15, 2021.	400,000			400,000
2012 Term B-4 Loans bearing interest at our option at either LIBOR plus a margin of 2.75%, with a LIBOR floor of 0.75%, or a base rate plus a margin (with a margin step-down to 2.50%) due on January 26, 2024.	1,277,000			1,382,000
2012 ABL Revolver bearing interest at our option at either a base rate plus applicable margin or LIBOR plus applicable margin. Any unpaid balance is due on January 26, 2022.	90,000			90,000
Total long-term debt (including current portion)	2,117,000			2,222,000
Current portion of long-term debt	—			—
Long-term debt	2,117,000			2,222,000
Less: unamortized debt costs	(24,912		)	(28,268		)
Long-term debt, net	$	2,092,088		$	2,193,732

Aggregate Future Principal Payments



(In thousands)
Year Ending March 31,	Amount
2018 (remaining six months ending March 31, 2018)	$	—
2019	—
2020	—
2021	—
2022	490,000
Thereafter	1,627,000
	$	2,117,000

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.22)
-URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21475-112644

Reference 3: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 470
-Section 50
-Paragraph 3
-URI http://asc.fasb.org/extlink&oid=75038535&loc=d3e64711-112823

Reference 4: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690

Reference 5: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 55
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=64930739&loc=d3e28878-108400

Reference 6: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 8
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21538-112644

Reference 7: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 6
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21506-112644

Reference 8: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 1A
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28541-108399

Reference 9: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 835
-SubTopic 30
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=64930785&loc=d3e28551-108399

Reference 10: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 505
-SubTopic 10
-Section 50
-Paragraph 7
-URI http://asc.fasb.org/extlink&oid=84159872&loc=d3e21521-112644

+ Details

Fair Value Measurements (Tables)

6 Months Ended

Sep. 30, 2017

Fair Value Disclosures [Abstract]

Summary of Carry Amounts and Fair Value Measurements

As such, the 2016 Senior Notes, the 2013 Senior Notes, the 2012 Term B-4 Loans, and the 2012 ABL Revolver are measured in Level 2 of the above hierarchy (see summary below detailing the carrying amounts and estimated fair values of these borrowings at September 30, 2017 and March 31, 2017).



	September 30, 2017				March 31, 2017
(In thousands)	Carrying Value		Fair Value		Carrying Value		Fair Value
2016 Senior Notes	$	350,000	$	375,375	$	350,000	$	367,500
2013 Senior Notes	400,000		412,000		400,000		409,000
2012 Term B-4 Loans	1,277,000		1,283,385		1,382,000		1,395,820
2012 ABL Revolver	90,000		90,000		90,000		90,000

Accumulated Other Comprehensive Loss (Tables)

6 Months Ended

Sep. 30, 2017

Stockholders' Equity Note [Abstract]

Schedule of Accumulated Other Comprehensive Loss

AOCI consisted of the following at September 30, 2017 and March 31, 2017:



	September 30,			March 31,
(In thousands)	2017			2017
Components of Accumulated Other Comprehensive Loss
Cumulative translation adjustment	$	(22,265	)	$	(26,100	)
Unrecognized net loss on pension plans	(251		)	(252		)
Accumulated other comprehensive loss, net of tax	$	(22,516	)	$	(26,352	)

Earnings Per Share (Tables)

6 Months Ended

Sep. 30, 2017

Earnings Per Share [Abstract]

Computation of Basic and Diluted Earnings Per Share

The following table sets forth the computation of basic and diluted earnings per share:



	Three Months Ended September 30,				Six Months Ended September 30,
(In thousands, except per share data)	2017		2016		2017		2016
Numerator
Net income	$	30,705	$	32,195	$	64,464	$	26,664

Denominator
Denominator for basic earnings per share — weighted average shares outstanding	53,098		52,993		53,068		52,941
Dilutive effect of unvested restricted stock units and options issued to employees and directors	441		352		456		388
Denominator for diluted earnings per share	53,539		53,345		53,524		53,329

Earnings per Common Share:
Basic net earnings per share	$	0.58	$	0.61	$	1.21	$	0.50

Diluted net earnings per share	$	0.57	$	0.60	$	1.20	$	0.50

Share-Based Compensation (Tables)

6 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Summary of Restricted Shares

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



RSUs	Shares (in thousands)		Weighted- Average Grant-Date Fair Value
Six months ended September 30, 2016
Vested and nonvested at March 31, 2016	467.8		$	35.22
Granted	65.8		55.65
Vested and issued	(92.7	)	28.47
Forfeited	(91.0	)	41.69
Vested and nonvested at September 30, 2016	349.9		39.16
Vested at September 30, 2016	63.4		20.12

Six months ended September 30, 2017
Vested and nonvested at March 31, 2017	350.1		$	39.29
Granted	105.8		55.61
Vested and issued	(53.3	)	34.30
Forfeited	(6.7	)	49.30
Vested and nonvested at September 30, 2017	395.9		44.15
Vested at September 30, 2017	90.5		29.88

Fair Value of Options Granted

The weighted-average grant-date fair values of the options granted during the six months ended September 30, 2017 and 2016 were $21.20 and $21.87, respectively.



	Six months ended September 30,
	2017			2016
Expected volatility	35.2		%	37.8		%
Expected dividends	$	—		$	—
Expected term in years	6.0			6.0
Risk-free rate	2.2		%	1.7		%

Stock Option Activity

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



Options	Shares (in thousands)		Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Term (years)	Aggregate Intrinsic Value (in thousands)
Six months ended September 30, 2016
Outstanding at March 31, 2016	727.7		$	30.70
Granted	250.6		56.17
Exercised	(107.1	)	31.97
Forfeited or expired	(90.7	)	42.56
Outstanding at September 30, 2016	780.5		37.33		7.5	$	10,326
Exercisable at September 30, 2016	383.7		25.61		6.5	$	8,693

Six months ended September 30, 2017
Outstanding at March 31, 2017	772.3		$	37.70
Granted	182.8		56.11
Exercised	(51.0	)	28.76
Forfeited or expired	(19.0	)	47.57
Outstanding at September 30, 2017	885.1		41.80		7.5	$	9,768
Exercisable at September 30, 2017	498.4		32.34		6.3	$	9,305

Employee Retirement Plans (Tables)

6 Months Ended

Sep. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of Primary Components of Net Periodic Benefits

The primary components of Net Periodic Benefits consist of the following:



(In thousands)	Three Months Ended September 30, 2017			Six Months Ended September 30, 2017
Interest cost	$	634		$	1,263
Expected return on assets	(725		)	(1,451		)
Net periodic benefit cost (income)	$	(91	)	$	(188	)

Commitments and Contingencies (Tables)

6 Months Ended

Sep. 30, 2017

Commitments and Contingencies Disclosure [Abstract]

Purchase Commitments Minimum Amounts Set Forth

We have supply agreements for the manufacture of some of our products. The following table shows the minimum amounts that we are committed to pay under these agreements:



(In thousands)
Year Ending March 31,	Amount
2018 (Remaining six months ending March 31, 2018)	$	2,836
2019	9,082
2020	9,859
2021	9,300
2022	9,300
Thereafter	2,300
	$	42,677

Business Segments (Tables)

6 Months Ended

Sep. 30, 2017

Segment Reporting [Abstract]

Information about our Operating and Reportable Segments

The tables below summarize information about our reportable segments.



	Three Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	215,302	$	20,957	$	21,767	$	258,026
Cost of sales	87,184		9,296		17,448		113,928
Gross profit	128,118		11,661		4,319		144,098
Advertising and promotion	35,064		3,593		531		39,188
Contribution margin	$	93,054	$	8,068	$	3,788	104,910
Other operating expenses							28,753
Operating income							76,157
Other expense							26,836
Income before income taxes							49,321
Provision for income taxes							18,616
Net income							$	30,705

* Intersegment revenues of $2.3 million were eliminated from the North America OTC Healthcare segment.



	Six Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	431,117	$	41,855	$	41,627	$	514,599
Cost of sales	173,685		19,246		34,094		227,025
Gross profit	257,432		22,609		7,533		287,574
Advertising and promotion	67,872		7,283		977		76,132
Contribution margin	$	189,560	$	15,326	$	6,556	211,442
Other operating expenses							56,256
Operating income							155,186
Other expense							53,177
Income before income taxes							102,009
Provision for income taxes							37,545
Net income							$	64,464

* Intersegment revenues of $3.7 million were eliminated from the North American OTC Healthcare segment.



	Three Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	172,447	$	18,804	$	23,801	$	215,052
Cost of sales	65,402		7,096		18,589		91,087
Gross profit	107,045		11,708		5,212		123,965
Advertising and promotion	24,811		3,244		537		28,592
Contribution margin	$	82,234	$	8,464	$	4,675	95,373
Other operating expenses**							24,315
Operating income							71,058
Other expense							20,830
Income before income taxes							50,228
Provision for income taxes							18,033
Net income							$	32,195

* Intersegment revenues of $0.1 million were eliminated from the North American OTC Healthcare segment.



	Six Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Total segment revenues*	$	344,527	$	34,608	$	45,492	$	424,627
Cost of sales	129,636		14,044		35,391		179,071
Gross profit	214,891		20,564		10,101		245,556
Advertising and promotion	49,851		5,368		1,008		56,227
Contribution margin	$	165,040	$	15,196	$	9,093	189,329
Other operating expenses**							106,057
Operating income							83,272
Other expense							41,957
Income before income taxes							41,315
Provision for income taxes							14,651
Net income							$	26,664

* Intersegment revenues of $1.4 million were eliminated from the North American OTC Healthcare segment.

Information about our Revenues from Similar Product Groups

The tables below summarize information about our segment revenues from similar product groups.



	Three Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	29,348	$	40	$	—	$	29,388
Cough & Cold	21,567		4,659		—		26,226
Women's Health	61,436		1,906		—		63,342
Gastrointestinal	28,323		8,139		—		36,462
Eye & Ear Care	22,535		2,590		—		25,125
Dermatologicals	25,821		524		—		26,345
Oral Care	24,990		3,097		—		28,087
Other OTC	1,282		2		—		1,284
Household Cleaning	—		—		21,767		21,767
Total segment revenues	$	215,302	$	20,957	$	21,767	$	258,026



	Six Months Ended September 30, 2017
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	58,638	$	549	$	—	$	59,187
Cough & Cold	38,977		9,272		—		48,249
Women's Health	124,581		5,500		—		130,081
Gastrointestinal	58,753		13,872		—		72,625
Eye & Ear Care	47,806		5,645		—		53,451
Dermatologicals	49,952		1,025		—		50,977
Oral Care	49,882		5,989		—		55,871
Other OTC	2,528		3		—		2,531
Household Cleaning	—		—		41,627		41,627
Total segment revenues	$	431,117	$	41,855	$	41,627	$	514,599



	Three Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	29,993	$	544	$	—	$	30,537
Cough & Cold	21,106		5,160		—		26,266
Women's Health	33,268		635		—		33,903
Gastrointestinal	16,280		6,088		—		22,368
Eye & Ear Care	22,934		2,989		—		25,923
Dermatologicals	22,952		567		—		23,519
Oral Care	24,368		2,820		—		27,188
Other OTC	1,546		1		—		1,547
Household Cleaning	—		—		23,801		23,801
Total segment revenues	$	172,447	$	18,804	$	23,801	$	215,052



	Six Months Ended September 30, 2016
(In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Analgesics	$	58,119	$	1,071	$	—	$	59,190
Cough & Cold	39,073		9,552		—		48,625
Women's Health	66,155		1,571		—		67,726
Gastrointestinal	35,386		10,344		—		45,730
Eye & Ear Care	48,941		5,785		—		54,726
Dermatologicals	45,650		1,238		—		46,888
Oral Care	48,179		5,037		—		53,216
Other OTC	3,024		10		—		3,034
Household Cleaning	—		—		45,492		45,492
Total segment revenues	$	344,527	$	34,608	$	45,492	$	424,627

Allocation of Long-Term Assets to Segments

These consolidated goodwill and intangible assets have been allocated to the reportable segments as follows:



September 30, 2017 (In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	580,934	$	33,209	$	6,245	$	620,388

Intangible assets
Indefinite-lived	2,404,336		85,626		101,261		2,591,223
Finite-lived, net	276,512		6,343		20,062		302,917
Intangible assets, net	2,680,848		91,969		121,323		2,894,140
Total	$	3,261,782	$	125,178	$	127,568	$	3,514,528



March 31, 2017 (In thousands)	North American OTC Healthcare		International OTC Healthcare		Household Cleaning		Consolidated
Goodwill	$	576,453	$	32,554	$	6,245	$	615,252

Intangible assets
Indefinite-lived	2,404,336		83,558		101,261		2,589,155
Finite-lived, net	287,056		6,468		20,934		314,458
Intangible assets, net	2,691,392		90,026		122,195		2,903,613
Total	$	3,267,845	$	122,580	$	128,440	$	3,518,865

Business and Basis of Presentation (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Ownership percentage, subsidiaries	100.00%		100.00%
Warehousing, shipping and handling, and storage costs	$ 15.1	$ 10.9	$ 28.6	$ 21.4

Acquisitions (Narrative) (Details) - USD ($)	Jan. 26, 2017	Sep. 30, 2017	Mar. 31, 2017
Business Acquisition [Line Items]
Goodwill		$ 620,388,000	$ 615,252,000
C.B. Fleet Company, Inc.
Business Acquisition [Line Items]
Purchase price	$ 823,700,000
Non-amortizable intangible assets	648,700,000
Amortizable intangible assets	$ 98,900,000
Purchased amortizable intangible assets, weighted average useful life	18 years 8 months 12 days
Goodwill	$ 273,058,000
Term Loans \| C.B. Fleet Company, Inc.
Business Acquisition [Line Items]
Debt instrument, face amount	$ 740,000,000

Acquisitions (Allocation of Assets Acquired and Liabilities Assumed) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017	Jan. 26, 2017
Purchase Price
Goodwill	$ 620,388	$ 615,252
C.B. Fleet Company, Inc.
Purchase Price
Cash acquired			$ 19,884
Accounts receivable			25,293
Inventories			20,812
Prepaids and other current assets			17,024
Property, plant and equipment, net			38,661
Goodwill			273,058
Intangible assets, net			747,600
Other long-term assets			1,137
Total assets acquired			1,143,469
Accounts payable			10,412
Accrued expenses			22,895
Deferred income taxes - long term			261,555
Other long term liabilities			24,884
Total liabilities assumed			319,746
Total purchase price			$ 823,723

Acquisitions (Pro Forma) (Details) - C.B. Fleet Company, Inc. - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2016	Sep. 30, 2016
Business Acquisition, Pro Forma Information, Nonrecurring Adjustment [Line Items]
Revenues	$ 265,967	$ 526,743
Net income	$ 32,358	$ 26,428
Earnings per share:
Basic EPS (in USD per share)	$ 0.61	$ 0.50
Diluted EPS (in USD per share)	$ 0.61	$ 0.50

Divestitures and Sale of License Rights (Narrative) (Details) - USD ($) $ in Thousands		1 Months Ended			3 Months Ended		6 Months Ended
	Jul. 07, 2016	Sep. 30, 2016	Aug. 31, 2016	Dec. 31, 2014	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Long Lived Assets Held-for-sale [Line Items]
Pre-tax gain (loss) on sales					$ 0	$ 496	$ 0	$ (54,957)
Disposal group, held-for-sale, not discontinued operations \| Pediacare, New Skin and Fiber Choice \| Cough and Cold, Dermatologicals, and Gastrointestinal Products Group \| North American OTC Healthcare
Long Lived Assets Held-for-sale [Line Items]
Proceeds from sale of divestiture	$ 40,000
Pre-tax gain (loss) on sales						$ (700)		$ (56,200)
Disposal group, held-for-sale, not discontinued operations \| Dermoplast \| Cough and Cold, Dermatologicals, and Gastrointestinal Products Group \| North American OTC Healthcare
Long Lived Assets Held-for-sale [Line Items]
Deposit for agreement to purchase		$ 1,250
Comet Brand
Long Lived Assets Held-for-sale [Line Items]
Proceeds from early buy-out of intangible assets				$ 10,000
Royalty revenue				$ 1,000
Proceeds from sale of intangible assets			$ 11,000
Gain sale of intangible assets			1,200
Intangible assets reduction			$ 9,000

Inventories (Components of Inventories) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Inventory Disclosure [Abstract]
Packaging and raw materials	$ 10,770	$ 9,984
Work in process	210	369
Finished goods	108,504	105,256
Inventories	119,484	115,609
Inventory valuation reserves related to obsolete and slow-moving inventory	$ 4,200	$ 6,600

Goodwill (Schedule of Segment Goodwill) (Details)	6 Months Ended
Goodwill (Schedule of Segment Goodwill) (Details)	Sep. 30, 2017 USD ($)
Goodwill [Roll Forward]
Balance — March 31, 2017	$ 615,252,000
Adjustments (a)	4,481,000
Effects of foreign currency exchange rates	655,000
Balance — September 30, 2017	620,388,000
North American OTC Healthcare
Goodwill [Roll Forward]
Balance — March 31, 2017	576,453,000
Adjustments (a)	4,481,000
Effects of foreign currency exchange rates	0
Balance — September 30, 2017	580,934,000
International OTC Healthcare
Goodwill [Roll Forward]
Balance — March 31, 2017	32,554,000
Adjustments (a)	0
Effects of foreign currency exchange rates	655,000
Balance — September 30, 2017	33,209,000
Household Cleaning
Goodwill [Roll Forward]
Balance — March 31, 2017	6,245,000
Adjustments (a)	0
Effects of foreign currency exchange rates	0
Balance — September 30, 2017	$ 6,245,000

Goodwill (Narrative) (Details) - USD ($)	12 Months Ended
Goodwill (Narrative) (Details) - USD ($)	Mar. 31, 2017	Sep. 30, 2017	Jan. 26, 2017
Goodwill [Line Items]
Goodwill	$ 615,252,000	$ 620,388,000
Goodwill impairment	$ 0
C.B. Fleet Company, Inc.
Goodwill [Line Items]
Goodwill			$ 273,058,000

Intangible Assets, net (Schedule of Reconciliation of Activity Affecting Intangible Assets) (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Indefinite-Lived Intangible Assets [Abstract]
Indefinite Lived Trademarks, beginning balance	$ 2,589,155
Indefinite Lived Trademarks, ending balance	2,591,223
Finite-lived Intangible Assets, Accumulated Amortization [Abstract]
Finite Lived Trademarks and Customer Relationships, accumulated amortization, beginning balance	127,343
Accumulated amortization, additions	11,683
Accumulated amortization, effects of foreign exchange rates	14
Finite Lived Trademarks and Customer Relationships, accumulated amortization, ending balance	139,040
Intangible Assets, Gross [Abstract]
Totals, gross, beginning balance	3,030,956
Totals, effects of foreign currency exchange rate	2,224
Totals, gross, ending balance	3,033,180
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived, net	302,917	$ 314,458
Intangible Assets, Net [Abstract]
Intangible assets, net	2,894,140	$ 2,903,613
Finite Lived Trademarks and Customer Relationships
Finite-Lived Intangible Assets, Gross [Abstract]
Finite Lived Trademarks and Customer Relationships, beginning balance	441,801
Finite Lived Trademarks and Customer Relationships, effects of foreign currency exchange rate	156
Finite Lived Trademarks and Customer Relationships, ending balance	441,957
Finite-lived Intangible Assets, Accumulated Amortization [Abstract]
Finite Lived Trademarks and Customer Relationships, accumulated amortization, beginning balance	127,343
Accumulated amortization, additions	11,683
Accumulated amortization, effects of foreign exchange rates	14
Finite Lived Trademarks and Customer Relationships, accumulated amortization, ending balance	139,040
Finite-Lived Intangible Assets, Net [Abstract]
Finite-lived, net	302,917
Indefinite Lived Trademarks
Indefinite-Lived Intangible Assets [Abstract]
Indefinite Lived Trademarks, beginning balance	2,589,155
Indefinite Lived Trademarks, effects of foreign currency exchange rate	2,068
Indefinite Lived Trademarks, ending balance	$ 2,591,223

Intangible Assets, net (Narrative) (Details) $ in Thousands	Jan. 26, 2017 USD ($)
C.B. Fleet Company, Inc.
Finite-Lived Intangible Assets [Line Items]
Intangible assets, net	$ 747,600

Other Accrued Liabilities (Summary of Accrued Liabilities and Accounts Payable) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Payables and Accruals [Abstract]
Accrued marketing costs	$ 30,021	$ 29,384
Accrued compensation costs	8,782	15,535
Accrued broker commissions	1,179	1,782
Income taxes payable	3,005	3,840
Accrued professional fees	2,662	2,412
Accrued production costs	5,215	4,580
Income tax related payable	13,921	19,000
Other accrued liabilities	8,346	7,128
Total other accrued liabilities	$ 73,131	$ 83,661

Long-Term Debt (Narrative) (Details)	Sep. 30, 2017 USD ($)
2012 ABL Revolver \| Revolving Credit Facility
Debt Instrument [Line Items]
Line of credit facility, amount outstanding	$ 90,000,000.0
Line of credit facility, additional borrowing capacity	$ 85,000,000.0
Senior Notes \| 2016 Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate (percent)	6.375%
Senior Notes \| 2013 Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate (percent)	5.375%

Long-Term Debt (Schedule of Long-term Debt) (Details) - USD ($) $ in Thousands	6 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Debt Instrument [Line Items]
Long-term debt, gross	$ 2,117,000	$ 2,222,000
Current portion of long-term debt	0	0
Long-term debt	2,117,000	2,222,000
Less unamortized debt costs	(24,912)	(28,268)
Long-term debt, net	2,092,088	2,193,732
2012 ABL Revolver \| Revolving Credit Facility
Debt Instrument [Line Items]
Long-term debt, gross	$ 90,000	90,000
Senior Notes \| 2016 Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate (percent)	6.375%
Long-term debt, gross	$ 350,000	350,000
Senior Notes \| 2013 Senior Notes
Debt Instrument [Line Items]
Debt instrument, stated interest rate (percent)	5.375%
Long-term debt, gross	$ 400,000	400,000
Term B-4 Loans \| 2012 Senior Notes
Debt Instrument [Line Items]
Long-term debt, gross	$ 1,277,000	$ 1,382,000
Term B-4 Loans \| 2012 Senior Notes \| LIBOR
Debt Instrument [Line Items]
Debt instrument, basis spread on variable rate (percent)	2.75%
Debt Instrument, variable rate, minimum	0.75%
Term B-4 Loans \| 2012 Senior Notes \| Base Rate
Debt Instrument [Line Items]
Debt instrument, margin step-down	2.50%

Long-Term Debt (Maturities of Long-term Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Aggregate Future Principal Payments
2018 (remaining six months ending March 31, 2018)	$ 0
2019	0
2020	0
2021	0
2022	490,000
Thereafter	1,627,000
Long-term debt, gross	$ 2,117,000	$ 2,222,000

Fair Value Measurements (Summary of Carrying Amounts and Estimated Fair Values) (Details) - USD ($) $ in Thousands	Sep. 30, 2017	Mar. 31, 2017
Senior Notes \| 2016 Senior Notes \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, senior notes and term loans	$ 350,000	$ 350,000
Senior Notes \| 2013 Senior Notes \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, senior notes and term loans	400,000	400,000
Term Loans \| Term B-4 Loans \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, senior notes and term loans	1,277,000	1,382,000
Revolving Credit Facility \| 2012 ABL Revolver \| Carrying Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
2012 ABL Revolver	90,000	90,000
Fair Value, Measurements, Recurring \| Senior Notes \| 2016 Senior Notes \| Fair Value \| Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, senior notes and term loans	375,375	367,500
Fair Value, Measurements, Recurring \| Senior Notes \| 2013 Senior Notes \| Fair Value \| Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, senior notes and term loans	412,000	409,000
Fair Value, Measurements, Recurring \| Term Loans \| Term B-4 Loans \| Fair Value \| Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Long-term debt, senior notes and term loans	1,283,385	1,395,820
Fair Value, Measurements, Recurring \| Revolving Credit Facility \| 2012 ABL Revolver \| Fair Value \| Fair Value, Inputs, Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
2012 ABL Revolver	$ 90,000	$ 90,000

Stockholders' Equity (Narrative) (Details)	3 Months Ended		6 Months Ended
Stockholders' Equity (Narrative) (Details)	Sep. 30, 2017 vote $ / shares shares	Sep. 30, 2016 shares	Sep. 30, 2017 USD ($) vote $ / shares shares	Sep. 30, 2016 $ / shares shares	Mar. 31, 2017 $ / shares shares
Class of Stock [Line Items]
Common stock, shares authorized (in shares) \| shares	250,000,000		250,000,000		250,000,000
Common stock, par value (in USD per share) \| $ / shares	$ 0.01		$ 0.01		$ 0.01
Preferred stock, shares authorized (in shares) \| shares	5,000,000		5,000,000		5,000,000
Preferred stock, par value (in USD per share) \| $ / shares	$ 0.01		$ 0.01		$ 0.01
Voting rights, number of votes per common share owned \| vote	1		1
Dividends declared on common stock \| $			$ 0
Restricted Shares
Class of Stock [Line Items]
Restricted stock repurchased during period (in shares) \| shares	933	0	20,549	24,988
Restricted stock acquired, average cost per share (in USD per share) \| $ / shares	$ 51.60		$ 52.33	$ 55.82

Accumulated Other Comprehensive Loss (Components of AOCI) (Details) - USD ($)	6 Months Ended	12 Months Ended
	Sep. 30, 2017	Mar. 31, 2017
Accumulated Other Comprehensive Income (Loss) [Line Items]
Components of Accumulated Other Comprehensive Loss	$ 895,966,000	$ 822,549,000
Reclassification from accumulated other comprehensive loss into earnings	0	0
Cumulative translation adjustment
Accumulated Other Comprehensive Income (Loss) [Line Items]
Components of Accumulated Other Comprehensive Loss	(22,265,000)	(26,100,000)
Unrecognized net loss on pension plans
Accumulated Other Comprehensive Income (Loss) [Line Items]
Components of Accumulated Other Comprehensive Loss	(251,000)	(252,000)
Accumulated other comprehensive loss, net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Components of Accumulated Other Comprehensive Loss	$ (22,516,000)	$ (26,352,000)

Earnings Per Share (Computation of Basis and Diluted Earnings Per Share) (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Numerator
Net income	$ 30,705	$ 32,195	$ 64,464	$ 26,664
Denominator
Denominator for basic earnings per share — weighted average shares outstanding (in shares)	53,098	52,993	53,068	52,941
Dilutive effect of unvested restricted stock units and options issued to employees and directors (in shares)	441	352	456	388
Denominator for diluted earnings per share (in shares)	53,539	53,345	53,524	53,329
Earnings per Common Share:
Basic net earnings per share (in USD per share)	$ 0.58	$ 0.61	$ 1.21	$ 0.50
Diluted net earnings per share (in USD per share)	$ 0.57	$ 0.60	$ 1.20	$ 0.50

Earnings Per Share (Antidilutive Securities) (Details) - shares shares in Millions	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Outstanding Stock Awards
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share (in shares)	0.4	0.2	0.4	0.2

Share-Based Compensation (Narrative) (Details) $ / shares in Units, $ in Thousands				1 Months Ended	3 Months Ended		6 Months Ended
	Aug. 01, 2017 shares	May 08, 2017 $ / shares shares	May 31, 2014 shares	Jun. 30, 2014 shares	Sep. 30, 2017 USD ($) shares	Sep. 30, 2016 USD ($)	Sep. 30, 2017 USD ($) shares $ / shares	Sep. 30, 2016 USD ($) $ / shares shares
Share-based Compensation, Aggregate Disclosures:
Maximum number of shares per participant, 12 month period (in shares)			1,000,000.0	2,500,000.0
Extension of plan term				10 years
Share-based compensation costs charged against income \| $					$ 3,000	$ 2,000	$ 4,700	$ 3,900
Tax benefit recognized from share-based compensation expense \| $					1,000	$ 500	1,500	1,200
Unrecognized compensation costs related to nonvested awards \| $					$ 10,700		$ 10,700
Unrecognized compensation costs related to nonvested awards, weighted average period for recognition							12 months
Total fair value of vested shares \| $							$ 6,700	6,000
Proceeds from exercise of stock options \| $							1,466	3,423
Tax benefit realized from exercise of stock options \| $							$ 1,200	$ 1,700
Shares available for issuance under the Plan (in shares)					2,200,000		2,200,000
Stock options granted (in shares)							182,800	250,600
Options, Additional Disclosures:
Options granted, weighted-average grant-date fair value (in USD per share) \| $ / shares							$ 21.20	$ 21.87
Options exercised, aggregate intrinsic value \| $							$ 1,200
Performance Shares
Share-based Compensation, Aggregate Disclosures:
Granted in period to each independent director (in shares)		35,593
Restricted Stock Units (RSUs)
Share-based Compensation, Aggregate Disclosures:
Granted in period to each independent director (in shares)	2,564	54,773					105,800	65,800
Restricted Shares
Granted, weighted-average grant-date fair value (in USD per share) \| $ / shares							$ 55.61	$ 55.65
Stock Options
Share-based Compensation, Aggregate Disclosures:
Stock options granted (in shares)	1	182,823
Stock options granted, exercise price (in USD per share) \| $ / shares		$ 56.11
Stock Options \| Minimum
Restricted Shares
Award vesting period							3 years
Stock Options \| Maximum
Restricted Shares
Award vesting period							5 years
Options, Additional Disclosures:
Award exercisability period, from date of grant							10 years
Employee \| Restricted Stock Units (RSUs)
Restricted Shares
Award vesting period							3 years
Employee \| Restricted Stock Units (RSUs) \| Minimum
Restricted Shares
Award vesting period							3 years
Director \| Restricted Stock Units (RSUs)
Restricted Shares
Award vesting period							1 year
Number of common shares into which each RSU may be converted (in shares)							1
Period following director's term in which RSUs may be settled							6 months
Long-term Equity Incentive Plan, 2005
Share-based Compensation, Aggregate Disclosures:
Number of shares authorized for grant under 2005 Long-Term Equity Incentive Plan (in shares)			5,000,000.0
Number of additional shares authorized (in shares)				1,800,000.0
Cliff Vesting \| Employee \| Restricted Stock Units (RSUs)
Restricted Shares
Award vesting period							3 years

Share-Based Compensation (Restricted Stock Units Activity) (Details) - Restricted Stock Units (RSUs) - $ / shares			6 Months Ended
	Aug. 01, 2017	May 08, 2017	Sep. 30, 2017	Sep. 30, 2016
Shares
Outstanding, beginning of period (in shares)			350,100	467,800
Granted (in shares)	2,564	54,773	105,800	65,800
Vested and issued (in shares)			(53,300)	(92,700)
Forfeited (in shares)			(6,700)	(91,000)
Outstanding, end of period (in shares)			395,900	349,900
Vested, end of period (in shares)			90,500	63,400
Weighted- Average Grant-Date Fair Value
Outstanding, beginning of period, weighted-average grant-date fair value (in USD per share)			$ 39.29	$ 35.22
Granted, weighted-average grant-date fair value (in USD per share)			55.61	55.65
Vested and issued, weighted-average grant-date fair value (in USD per share)			34.30	28.47
Forfeited, weighted-average grant-date fair value (in USD per share)			49.30	41.69
Outstanding, end of period, weighted-average grant-date fair value (in USD per share)			44.15	39.16
Vested, end of period, weighted-average grant-date fair value (in USD per share)			$ 29.88	$ 20.12

Share-Based Compensation (Stock Option Valuation Assumptions) (Details) - Stock Options - USD ($)	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected volatility	35.20%	37.80%
Expected dividends	$ 0	$ 0
Expected term in years	6 years	6 years
Risk-free rate	2.20%	1.70%

Share-Based Compensation (Stock Option Activity) (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Shares
Outstanding, beginning of period (in shares)	772,300	727,700
Granted (in shares)	182,800	250,600
Exercised (in shares)	(51,000)	(107,100)
Forfeited or expired (in shares)	(19,000)	(90,700)
Outstanding, end of period (in shares)	885,100	780,500
Exercisable, end of period (in shares)	498,400	383,700
Weighted- Average Exercise Price
Outstanding, beginning of period, weighted-average exercise price (in USD per share)	$ 37.70	$ 30.70
Granted, weighted-average exercise price (in USD per share)	56.11	56.17
Exercised, weighted-average exercise price (in USD per share)	28.76	31.97
Forfeited or expired, weighted-average exercise price (in USD per share)	47.57	42.56
Outstanding, end of period, weighted-average exercise price (in USD per share)	41.80	37.33
Exercisable, end of period, weighted-average exercise price (in USD per share)	$ 32.34	$ 25.61
Options, Additional Disclosures:
Outstanding, end of period, weighted-average remaining contractual term	7 years 5 months 30 days	7 years 6 months
Exercisable, end of period, weighted-average remaining contractual term	6 years 3 months 18 days	6 years 6 months
Outstanding, end of period, aggregate intrinsic value	$ 9,768	$ 10,326
Exercisable, end of period, aggregate intrinsic value	$ 9,305	$ 8,693

Income Taxes (Narrative) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
Income Taxes (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Income Tax Disclosure [Abstract]
Effective income tax rate (percent)	37.70%	35.90%	36.80%	35.50%
Uncertain tax liability	$ 8.1		$ 8.1		$ 3.7

Employee Retirement Plans (Expected Return on Plan Assets) (Details) - Pension Plan - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Sep. 30, 2017	Sep. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Interest cost	$ 634	$ 1,263
Expected return on assets	(725)	(1,451)
Net periodic benefit cost (income)	$ (91)	$ (188)

Employee Retirement Plans (Narrative) (Details) - Pension Plan	6 Months Ended
	Sep. 30, 2017 USD ($)
Non-qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	$ 200,000
Expected employer contributions, 2018 fiscal year	200,000
Qualified Plan
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Employer contributions	0
Expected employer contributions, 2018 fiscal year	$ 0

Commitments and Contingencies (Long-term Supply Agreement) (Details) - Third-party Manufacturing $ in Thousands	Sep. 30, 2017 USD ($)
Minimum Amounts Committed to Pay Under Supply Agreements
2018 (Remaining six months ending March 31, 2018)	$ 2,836
2019	9,082
2020	9,859
2021	9,300
2022	9,300
Thereafter	2,300
Total purchase commitment	$ 42,677

Concentrations of Risk (Narrative) (Details) - manufacturer	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Concentration Risk [Line Items]
Number of third-party manufacturers	110	116	110	116
Sales \| Product Concentration Risk \| Top 5 Customers
Concentration Risk [Line Items]
Concentration risk, percentage	40.80%	41.60%	42.00%	42.00%
Sales \| Customer Concentration Risk \| Walmart
Concentration Risk [Line Items]
Concentration risk, percentage	25.30%	21.10%	25.40%	20.90%
Sales \| Customer Concentration Risk \| Walgreens
Concentration Risk [Line Items]
Concentration risk, percentage	8.70%	10.70%	8.90%	10.50%
Sales \| Supplier Concentration Risk
Concentration Risk [Line Items]
Concentration risk, percentage			79.50%	78.80%
Number of third-party manufacturers with long-term contracts			45	49
Accounts Receivable \| Customer Concentration Risk \| Walmart
Concentration Risk [Line Items]
Concentration risk, percentage			24.90%
Accounts Receivable \| Customer Concentration Risk \| Walgreens
Concentration Risk [Line Items]
Concentration risk, percentage			8.30%

Business Segments (Information on Operating and Reportable Segments) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016
Segment Reporting Information, Profit (Loss):
Total revenues	$ 258,026	$ 215,052	$ 514,599	$ 424,627
Cost of sales	113,928	91,087	227,025	179,071
Gross profit	144,098	123,965	287,574	245,556
Advertising and promotion	39,188	28,592	76,132	56,227
Contribution margin	104,910	95,373	211,442	189,329
Other operating expenses	28,753	24,315	56,256	106,057
Operating income	76,157	71,058	155,186	83,272
Other expense	26,836	20,830	53,177	41,957
Income before income taxes	49,321	50,228	102,009	41,315
Provision for income taxes	18,616	18,033	37,545	14,651
Net income	30,705	32,195	64,464	26,664
Pre-tax gain (loss) on sales	0	496	0	(54,957)
North American OTC Healthcare
Segment Reporting Information, Profit (Loss):
Total revenues	215,302	172,447	431,117	344,527
Cost of sales	87,184	65,402	173,685	129,636
Gross profit	128,118	107,045	257,432	214,891
Advertising and promotion	35,064	24,811	67,872	49,851
Contribution margin	93,054	82,234	189,560	165,040
International OTC Healthcare
Segment Reporting Information, Profit (Loss):
Total revenues	20,957	18,804	41,855	34,608
Cost of sales	9,296	7,096	19,246	14,044
Gross profit	11,661	11,708	22,609	20,564
Advertising and promotion	3,593	3,244	7,283	5,368
Contribution margin	8,068	8,464	15,326	15,196
Household Cleaning
Segment Reporting Information, Profit (Loss):
Total revenues	21,767	23,801	41,627	45,492
Cost of sales	17,448	18,589	34,094	35,391
Gross profit	4,319	5,212	7,533	10,101
Advertising and promotion	531	537	977	1,008
Contribution margin	3,788	4,675	6,556	9,093
Intersegment Eliminations \| North American OTC Healthcare
Segment Reporting Information, Profit (Loss):
Total revenues	$ (2,300)	(100)	$ (3,700)	(1,400)
Disposal group, held-for-sale, not discontinued operations \| Pediacare, New Skin and Fiber Choice \| Cough and Cold, Dermatologicals, and Gastrointestinal Products Group \| North American OTC Healthcare
Segment Reporting Information, Profit (Loss):
Pre-tax gain (loss) on sales		(700)		(56,200)
Disposal group, held-for-sale, not discontinued operations \| Comet Brand \| Household Cleaning
Segment Reporting Information, Profit (Loss):
Pre-tax gain (loss) on sales		$ 1,200		$ 1,200

Business Segments (Assets by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2016	Mar. 31, 2017
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill	$ 620,388		$ 620,388		$ 615,252
Indefinite-lived	2,591,223		2,591,223		2,589,155
Finite-lived, net	302,917		302,917		314,458
Intangible assets, net	2,894,140		2,894,140		2,903,613
Intangible assets, net (including goodwill)	3,514,528		3,514,528		3,518,865
North American OTC Healthcare
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill	580,934		580,934		576,453
Indefinite-lived	2,404,336		2,404,336		2,404,336
Finite-lived, net	276,512		276,512		287,056
Intangible assets, net	2,680,848		2,680,848		2,691,392
Intangible assets, net (including goodwill)	3,261,782		3,261,782		3,267,845
International OTC Healthcare
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill	33,209		33,209		32,554
Indefinite-lived	85,626		85,626		83,558
Finite-lived, net	6,343		6,343		6,468
Intangible assets, net	91,969		91,969		90,026
Intangible assets, net (including goodwill)	125,178		125,178		122,580
Household Cleaning
Segment Reporting, Asset Reconciling Item [Line Items]
Goodwill	6,245		6,245		6,245
Indefinite-lived	101,261		101,261		101,261
Finite-lived, net	20,062		20,062		20,934
Intangible assets, net	121,323		121,323		122,195
Intangible assets, net (including goodwill)	$ 127,568		$ 127,568		$ 128,440
Sales \| UNITED STATES \| Geographic concentration risk
Segment Reporting, Asset Reconciling Item [Line Items]
Concentration risk, percentage	87.30%	85.80%	87.50%	86.70%
Sales \| CANADA \| Geographic concentration risk
Segment Reporting, Asset Reconciling Item [Line Items]
Concentration risk, percentage	4.50%	4.20%	5.40%	5.10%
Sales \| AUSTRALIA \| Geographic concentration risk
Segment Reporting, Asset Reconciling Item [Line Items]
Concentration risk, percentage	4.50%	4.30%	5.90%	5.50%
Goodwill and Intangible Assets \| UNITED STATES \| Geographic concentration risk
Segment Reporting, Asset Reconciling Item [Line Items]
Concentration risk, percentage			96.40%		96.50%
Goodwill and Intangible Assets \| Australia, the United Kingdom and Singapore \| Geographic concentration risk
Segment Reporting, Asset Reconciling Item [Line Items]
Concentration risk, percentage			3.60%		3.50%