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Goodwill | 3 Months Ended
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Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill | Goodwill A reconciliation of the activity affecting goodwill by operating segment is as follows:
(In thousands) | North American OTC Healthcare |  | International OTC Healthcare |  |  |  | Consolidated
Balance - March 31, 2023 |  |  |  |  |  |  |
| Goodwill | $ | 711,452 |  |  | $ | 30,204 |  |  |  |  | $ | 741,656 |
| Accumulated impairment loss | (212,516) |  |  | (1,587) |  |  |  |  | (214,103) |
Balance - March 31, 2023 | 498,936 |  |  | 28,617 |  |  |  |  | 527,553 |
| Adjustment related to acquisition | — |  |  | — |  |  |  |  | — |
| Effects of foreign currency exchange rates | — |  |  | (95) |  |  |  |  | (95) |
Balance - June 30, 2023 |  |  |  |  |  |  |
| Goodwill | 711,452 |  |  | 30,109 |  |  |  |  | 741,561 |
| Accumulated impairment loss | (212,516) |  |  | (1,587) |  |  |  |  | (214,103) |
Balance - June 30, 2023 | $ | 498,936 |  |  | $ | 28,522 |  |  |  |  | $ | 527,458 |
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. The date of our annual impairment review was February 28, 2023, and we recorded impairment charges to goodwill of $48.8 million in our March 31, 2023 financial statements. We utilized 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, 2023 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 related to future sales, gross margins, and advertising and marketing expenses, which can be impacted by increases in competition, changing consumer preferences, technical advances, supply chain constraints, labor shortages, and inflation. The discount rate assumption may be influenced by such factors as changes in interest rates and rates of inflation, which can have an impact on the determination of fair value. If these assumptions are adversely affected, we may be required to record impairment charges in the future. As of June 30, 2023, we determined no events have occurred that would indicate potential impairment of goodwill.

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