Condensed Consolidating Financial Statements

As described in Note 10, Prestige Brands Holdings, Inc., together with certain of our wholly-owned subsidiaries, have fully and unconditionally guaranteed, on a joint and several basis, the obligations of Prestige Brands, Inc. (a wholly-owned subsidiary of the Company) set forth in the indentures governing the 2012 Senior Notes and the 2010 Senior Notes, including, without limitation, the obligation to pay principal and interest with respect to the 2012 Senior Notes and the 2010 Senior Notes. The wholly-owned subsidiaries of the Company that have guaranteed the 2012 Senior Notes and the 2010 Senior Notes are as follows: Prestige Personal Care Holdings, Inc., Prestige Personal Care, Inc., Prestige Services Corp., Prestige Brands Holdings, Inc. (a Virginia corporation), Prestige Brands International, Inc., Medtech Holdings, Inc., Medtech Products Inc., The Cutex Company, The Denorex Company, The Spic and Span Company, and Blacksmith Brands, Inc. (collectively, the "Subsidiary Guarantors"). A significant portion of our operating income and cash flow is generated by our subsidiaries. As a result, funds necessary to meet Prestige Brands, Inc.'s debt service obligations are provided in part by distributions or advances from our subsidiaries. Under certain circumstances, contractual and legal restrictions, as well as the financial condition and operating requirements of our subsidiaries, could limit Prestige Brands, Inc.'s ability to obtain cash from our subsidiaries for the purpose of meeting our debt service obligations, including the payment of principal and interest on the 2012 Senior Notes and the 2010 Senior Notes. Although holders of the 2012 Senior Notes and the 2010 Senior Notes will be direct creditors of the guarantors of the 2012 Senior Notes and the 2010 Senior Notes by virtue of the guarantees, we have indirect subsidiaries located primarily in the United Kingdom and in the Netherlands (collectively, the "Non-Guarantor Subsidiaries") that have not guaranteed the 2012 Senior Notes or the 2010 Senior Notes, and such subsidiaries will not be obligated with respect to the 2012 Senior Notes or the 2010 Senior Notes. As a result, the claims of creditors of the Non-Guarantor Subsidiaries will effectively have priority with respect to the assets and earnings of such companies over the claims of the holders of the 2012 Senior Notes and the 2010 Senior Notes.

Presented below are supplemental Condensed Consolidating Balance Sheets as of December 31, 2012 and March 31, 2012, Condensed Consolidating Income and Comprehensive Income Statements for the three and nine months ended December 31, 2012 and 2011, and Condensed Consolidating Statements of Cash Flows for the nine months ended December 31, 2012 and 2011. Such consolidating information includes separate columns for:

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

b) Prestige Brands, Inc., the issuer,

c) Combined Subsidiary Guarantors,

d) Combined Non-Guarantor Subsidiaries, and

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

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

Condensed Consolidating Statements of Income and Comprehensive Income

Three Months Ended December 31, 2012



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	25,345		$	132,881		$	1,266		$	—		$	159,492
Other revenues	—			79			724			276			(339		)	740
Total revenues	—			25,424			133,605			1,542			(339		)	160,232

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			9,877			65,172			525			(339		)	75,235
Gross profit	—			15,547			68,433			1,017			—			84,997

Operating Expenses
Advertising and promotion	—			3,032			19,997			509			—			23,538
General and administrative	952			1,585			8,734			107			—			11,378
Depreciation and amortization	549			140			2,658			12			—			3,359
Total operating expenses	1,501			4,757			31,389			628			—			38,275
Operating income (loss)	(1,501		)	10,790			37,044			389			—			46,722

Other (income) expense
Interest income	33			(41,552		)	162			(62		)	41,415			(4		)
Interest expense	8,735			35,394			23,951			—			(41,415		)	26,665
Equity in income of subsidiaries	(18,531		)	(8,407		)	(393		)	—			27,331			—
Total other (income) expense	(9,763		)	(14,565		)	23,720			(62		)	27,331			26,661
Income before income taxes	8,262			25,355			13,324			451			(27,331		)	20,061
Provision (benefit) for income taxes	(3,995		)	6,593			5,030			176			—			7,804
Net income (loss)	$	12,257		$	18,762		$	8,294		$	275		$	(27,331	)	$	12,257

Comprehensive income, net of tax:
Currency translation adjustments	(1		)	—			—			1			(1		)	(1		)
Total other comprehensive income (loss)	(1		)	—			—			1			(1		)	(1		)
Comprehensive income (loss)	$	12,256		$	18,762		$	8,294		$	276		$	(27,332	)	$	12,256

Condensed Consolidating Statements of Income and Comprehensive Income

Nine Months Ended December 31, 2012



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	75,294		$	387,815		$	3,626		$	—		$	466,735
Other revenues	—			220			2,310			1,270			(1,451		)	2,349
Total revenues	—			75,514			390,125			4,896			(1,451		)	469,084

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			28,493			181,382			1,514			(1,451		)	209,938
Gross profit	—			47,021			208,743			3,382			—			259,146

Operating Expenses
Advertising and promotion	—			8,917			57,326			1,128			—			67,371
General and administrative	3,676			5,020			30,802			616			—			40,114
Depreciation and amortization	818			420			8,667			45			—			9,950
Total operating expenses	4,494			14,357			96,795			1,789			—			117,435
Operating income (loss)	(4,494		)	32,664			111,948			1,593			—			141,711

Other (income) expense
Interest income	(24,337		)	(63,573		)	162			(163		)	87,902			(9		)
Interest expense	26,147			92,320			35,613			—			(87,902		)	66,178
Equity in income of subsidiaries	(50,008		)	(49,280		)	(1,306		)	—			100,594			—
Total other (income) expense	(48,198		)	(20,533		)	34,469			(163		)	100,594			66,169
Income before income taxes	43,704			53,197			77,479			1,756			(100,594		)	75,542
Provision (benefit) for income taxes	(2,452		)	1,524			29,631			683			—			29,386
Net income (loss)	$	46,156		$	51,673		$	47,848		$	1,073		$	(100,594	)	$	46,156

Comprehensive income, net of tax:
Currency translation adjustments	23			—			—			(23		)	23			23
Total other comprehensive income (loss)	23			—			—			(23		)	23			23
Comprehensive income (loss)	$	46,179		$	51,673		$	47,848		$	1,050		$	(100,571	)	$	46,179

Condensed Consolidating Statements of Income and Comprehensive Income

Three Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors		Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	27,352		$	77,308	$	1,139		$	—		$	105,799
Other revenues	—			57			451		227			(284		)	451
Total revenues	—			27,409			77,759		1,366			(284		)	106,250

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			9,784			41,154		474			(284		)	51,128
Gross profit	—			17,625			36,605		892			—			55,122

Operating Expenses
Advertising and promotion	3			3,431			11,216		624			—			15,274
General and administrative	5,318			2,322			5,684		331			—			13,655
Depreciation and amortization	135			143			2,267		18			—			2,563
Total operating expenses	5,456			5,896			19,167		973			—			31,492
Operating income (loss)	(5,456		)	11,729			17,438		(81		)	—			23,630

Other (income) expense
Interest income	(12,302		)	(11,118		)	—		(60		)	23,479			(1		)
Interest expense	8,791			16,907			5,898		—			(23,479		)	8,117
Equity in income of subsidiaries	(10,727		)	(7,936		)	39		—			18,624			—
Total other (income) expense	(14,238		)	(2,147		)	5,937		(60		)	18,624			8,116
Income (loss) before income taxes	8,782			13,876			11,501		(21		)	(18,624		)	15,514
Provision (benefit) for income taxes	(728		)	2,285			4,454		(7		)	—			6,004
Net income (loss)	9,510			11,591			7,047		(14		)	(18,624		)	9,510

Comprehensive income, net of tax:
Currency translation adjustments	(18		)	—			—		(18		)	18			(18		)
Total other comprehensive income (loss)	(18		)	—			—		(18		)	18			(18		)
Comprehensive income (loss)	$	9,492		$	11,591		$	7,047	$	(32	)	$	(18,606	)	$	9,492

Condensed Consolidating Statements of Income and Comprehensive Income

Nine Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Revenues
Net sales	$	—		$	74,767		$	226,859		$	3,052		$	—		$	304,678
Other revenues	—			178			2,386			1,131			(1,284		)	2,411
Total revenues	—			74,945			229,245			4,183			(1,284		)	307,089

Cost of Sales
Cost of sales (exclusive of depreciation shown below)	—			27,191			121,032			1,254			(1,284		)	148,193
Gross profit	—			47,754			108,213			2,929			—			158,896

Operating Expenses
Advertising and promotion	3			9,341			28,133			1,103			—			38,580
General and administrative	5,514			7,502			18,538			812			—			32,366
Depreciation and amortization	412			428			6,789			54			—			7,683
Total operating expenses	5,929			17,271			53,460			1,969			—			78,629
Operating income (loss)	(5,929		)	30,483			54,753			960			—			80,267

Other (income) expense
Interest income	(38,196		)	(33,291		)	—			(173		)	71,656			(4		)
Interest expense	26,323			51,299			19,011			—			(71,656		)	24,977
Gain on settlement	(5,063		)	—			—			—			—			(5,063		)
Equity in income of subsidiaries	(30,438		)	(23,768		)	(745		)	—			54,951			—
Total other (income) expense	(47,374		)	(5,760		)	18,266			(173		)	54,951			19,910
Income (loss) before income taxes	41,445			36,243			36,487			1,133			(54,951		)	60,357
Provision (benefit) for income taxes	4,218			4,781			13,697			434			—			23,130
Net income (loss)	37,227			31,462			22,790			699			(54,951		)	37,227

Comprehensive income, net of tax:
Currency translation adjustments	(70		)	—			—			(70		)	70			(70		)
Total other comprehensive income (loss)	(70		)	—			—			(70		)	70			(70		)
Comprehensive income (loss)	$	37,157		$	31,462		$	22,790		$	629		$	(54,881	)	$	37,157

Condensed Consolidating Balance Sheet

December 31, 2012



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors		Combined Non- Guarantor Subsidiaries		Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	$	8,878		$	—		$	—	$	1,553	$	—		$	10,431
Accounts receivable, net	140			13,217			59,428		967		—			73,752
Inventories	—			9,340			44,218		692		—			54,250
Deferred income tax assets	213			730			5,651		—		—			6,594
Prepaid expenses and other current assets	1,656			425			4,101		13		—			6,195
Total current assets	10,887			23,712			113,398		3,225		—			151,222

Property and equipment, net	8,987			25			178		—		—			9,190
Goodwill	—			66,007			101,539		—		—			167,546
Intangible assets, net	—			193,530			1,182,074		334		—			1,375,938
Other long-term assets	—			27,493			—		—		—			27,493
Intercompany receivable	1,284,415			1,933,896			420,375		7,537		(3,646,223		)	—
Investment in subsidiary	808,377			622,107			6,890		—		(1,437,374		)	—
Total Assets	$	2,112,666		$	2,866,770		$	1,824,454	$	11,096	$	(5,083,597	)	$	1,731,389

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$	2,275		$	7,304		$	30,012	$	1,267	$	—		$	40,858
Accrued interest payable	—			13,620			—		—		—			13,620
Other accrued liabilities	10,571			2,485			19,958		1,258		—			34,272
Total current liabilities	12,846			23,409			49,970		2,525		—			88,750

Long-term debt
Principal amount	—			1,007,500			—		—		—			1,007,500
Less unamortized discount	—			(7,200		)	—		—		—			(7,200		)
Long-term debt, net of unamortized discount	—			1,000,300			—		—		—			1,000,300

Deferred income tax liabilities	—			50,869			134,059		79		—			185,007
Intercompany payable	1,642,488			451,454			1,552,100		181		(3,646,223		)	—
Total Liabilities	1,655,334			1,526,032			1,736,129		2,785		(3,646,223		)	1,274,057

Stockholders' Equity
Preferred share rights	283			—			—		—		—			283
Common stock	512			—			—		—		—			512
Additional paid-in capital	400,316			1,280,945			39,724		1,111		(1,321,780		)	400,316
Treasury stock, at cost - 181 shares	(687		)	—			—		—		—			(687		)
Accumulated other comprehensive income, net of tax	10			—			—		10		(10		)	10
Retained earnings (accumulated deficit)	56,898			59,793			48,601		7,190		(115,584		)	56,898
Total Stockholders' Equity	457,332			1,340,738			88,325		8,311		(1,437,374		)	457,332
Total Liabilities and Stockholders' Equity	$	2,112,666		$	2,866,770		$	1,824,454	$	11,096	$	(5,083,597	)	$	1,731,389

Condensed Consolidating Balance Sheet

March 31, 2012



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors		Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Assets
Current assets
Cash and cash equivalents	$	18,221		$	—		$	—	$	794		$	—		$	19,015
Accounts receivable, net	25			13,502			45,954		747			—			60,228
Inventories	—			8,098			42,334		681			—			51,113
Deferred income tax assets	356			849			4,078		—			—			5,283
Prepaid expenses and other current assets	8,102			56			2,874		364			—			11,396
Total current assets	26,704			22,505			95,240		2,586			—			147,035

Property and equipment, net	934			22			346		2			—			1,304
Goodwill	—			66,007			107,695		—			—			173,702
Intangible assets, net	—			193,932			1,206,213		377			—			1,400,522
Other long-term assets	—			35,713			—		—			—			35,713
Intercompany receivable	680,067			1,449,005			314,699		5,935			(2,449,706		)	—
Investment in subsidiary	1,358,120			1,172,601			5,583		—			(2,536,304		)	—
Total Assets	$	2,065,825		$	2,939,785		$	1,729,776	$	8,900		$	(4,986,010	)	$	1,758,276

Liabilities and Stockholders' Equity
Current liabilities
Accounts payable	$	4,531		$	4,816		$	17,008	$	371		$	—		$	26,726
Accrued interest payable	—			13,889			—		—			—			13,889
Other accrued liabilities	11,758			1,687			8,944		919			—			23,308
Total current liabilities	16,289			20,392			25,952		1,290			—			63,923

Long-term debt
Principal amount	—			1,135,000			—		—			—			1,135,000
Less unamortized discount	—			(11,092		)	—		—			—			(11,092		)
Long-term debt, net of unamortized discount	—			1,123,908			—		—			—			1,123,908

Deferred income tax liabilities	—			50,944			116,690		83			—			167,717
Intercompany payable	1,646,808			455,702			346,884		312			(2,449,706		)	—
Total Liabilities	1,663,097			1,650,946			489,526		1,685			(2,449,706		)	1,355,548

Stockholders' Equity
Preferred share rights	283			—			—		—			—			283
Common stock	505			—			—		—			—			505
Additional paid-in capital	391,898			1,280,719			1,239,497		1,111			(2,521,327		)	391,898
Treasury stock, at cost - 181 shares	(687		)	—			—		—			—			(687		)
Accumulated other comprehensive loss, net of tax	(13		)	—			—		(13		)	13			(13		)
Retained earnings (accumulated deficit)	10,742			8,120			753		6,117			(14,990		)	10,742
Total Stockholders' Equity	402,728			1,288,839			1,240,250		7,215			(2,536,304		)	402,728
Total Liabilities and Stockholders' Equity	$	2,065,825		$	2,939,785		$	1,729,776	$	8,900		$	(4,986,010	)	$	1,758,276

Condensed Consolidating Statement of Cash Flows

Nine Months Ended December 31, 2012



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non- Guarantor Subsidiaries			Eliminations			Consolidated
Operating Activities
Net income (loss)	$	46,156		$	51,673		$	47,848		$	1,073		$	(100,594	)	$	46,156
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	818			420			8,667			45			—			9,950
Deferred income taxes	143			44			15,796			(4		)	—			15,979
Amortization of deferred financing costs	—			8,220			—			—			—			8,220
Stock-based compensation costs	2,965			—			—			—			—			2,965
Amortization of debt discount	—			3,892			—			—			—			3,892
Lease termination costs	975			—			—			—			—			975
Loss on disposal of equipment	30			—			21			—			—			51
Equity in income of subsidiaries	(50,008		)	(49,280		)	(1,306		)	—			100,594			—
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(115		)	285			(13,474		)	(214		)	—			(13,518		)
Inventories	—			(1,242		)	(2,104		)	(5		)	—			(3,351		)
Prepaid expenses and other current assets	6,446			(369		)	(627		)	351			—			5,801
Accounts payable	(3,347		)	2,488			14,095			889			—			14,125
Accrued liabilities	(1,071		)	529			9,830			343			—			9,631
Net cash provided by operating activities	2,992			16,660			78,746			2,478			—			100,876

Investing Activities
Purchases of property and equipment	(8,922		)	—			—			—			—			(8,922		)
Proceeds from the sale of property and equipment	—			—			15			—			—			15
Proceeds from the sale of the Phazyme brand	—			—			21,700			—			—			21,700
Acquisition of brands from GSK purchase price adjustments	—			—			(226		)	—			—			(226		)
Intercompany activity, net	(226		)	—			226			—			—			—
Net cash provided by (used in) investing activities	(9,148		)	—			21,715			—			—			12,567

Financing Activities
Repayments of long-term debt	—			(167,500		)	—			—			—			(167,500		)
Repayments under revolving credit agreement	—			(8,000		)	—			—			—			(8,000		)
Borrowings under revolving credit agreement	—			48,000			—			—			—			48,000
Proceeds from exercise of stock options	5,460			—			—			—			—			5,460
Intercompany activity, net	(8,647		)	110,840			(100,461		)	(1,732		)	—			—
Net cash used in financing activities	(3,187		)	(16,660		)	(100,461		)	(1,732		)	—			(122,040		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			13			—			13
(Decrease) increase in cash and cash equivalents	(9,343		)	—			—			759			—			(8,584		)
Cash - beginning of period	18,221			—			—			794			—			19,015
Cash - end of period	$	8,878		$	—		$	—		$	1,553		$	—		$	10,431

Condensed Consolidating Statement of Cash Flows

Nine Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.			Prestige Brands, Inc., the issuer			Combined Subsidiary Guarantors			Combined Non-Guarantor Subsidiaries			Eliminations			Consolidated
Operating Activities
Net income (loss)	$	37,227		$	31,462		$	22,790		$	699		$	(54,951	)	$	37,227
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Depreciation and amortization	412			428			6,789			54			—			7,683
Deferred income taxes	427			1,612			5,293			(11		)	—			7,321
Amortization of deferred financing costs	—			847			—			—			—			847
Stock-based compensation costs	2,360			—			—			—			—			2,360
Amortization of debt discount	—			687			—			—			—			687
Equity in income of subsidiaries	(30,438		)	(23,768		)	(745		)	—			54,951			—
Changes in operating assets and liabilities, net of effects from acquisitions:
Accounts receivable	(23		)	(2,930		)	(2,671		)	(192		)	—			(5,816		)
Inventories	—			(1,053		)	(2,822		)	25			—			(3,850		)
Prepaid expenses and other current assets	3,219			(138		)	(418		)	(13		)	—			2,650
Accounts payable	(31		)	(502		)	2,571			354			—			2,392
Accrued liabilities	589			(5,032		)	761			174			—			(3,508		)
Net cash provided by operating activities	13,742			1,613			31,548			1,090			—			47,993

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

Financing Activities
Repayment of long-term debt	—			(58,000		)	—			—			—			(58,000		)
Proceeds from exercise of stock options	572			—			—			—			—			572
Shares surrendered as payment of tax withholding	(271		)	—			—			—			—			(271		)
Intercompany activity, net	(24,256		)	56,387			(31,330		)	(801		)	—			—
Net cash used in financing activities	(23,955		)	(1,613		)	(31,330		)	(801		)	—			(57,699		)

Effect of exchange rate changes on cash and cash equivalents	—			—			—			(31		)	—			(31		)
Increase in cash and cash equivalents	(9,153		)	—			—			258			—			(8,895		)
Cash - beginning of period	12,698			—			—			636			—			13,334
Cash - end of period	$	3,545		$	—		$	—		$	894		$	—		$	4,439

In the first quarter of fiscal 2013, the Company determined that in prior periods it had incorrectly recorded intercompany transactions between Prestige Brands Holdings, Inc. ("the Parent") and Prestige Brands, Inc. ("the Issuer") as a component of interest expense, resulting in (i) the misclassification of amounts between interest expense, equity in income of subsidiaries, and taxes of the Parent, and (ii) a corresponding understatement of interest income, taxes and net income of the Issuer. It was further determined that certain subsidiaries of the Issuer had been fully consolidated by the Issuer in error, resulting in (i) a gross-up of the Issuer's balance sheet, statement of income and comprehensive income and statement of cash flows and (ii) the need to revise the presentation to reflect the Issuer's interests in those subsidiaries under the equity method. Those entities had previously been incorrectly included in the Issuer column and omitted from the Guarantor column, and accordingly, this resulted in a need to revise the presentation to include the balance sheet, results of operations, and cash flows of those Issuer subsidiary entities in the Combined Subsidiary Guarantors column of the revised condensed consolidating financial statements. In addition, the Company reclassified portions of its intercompany activity between operating and financing in the statement of cash flows. The Company also determined that it had incorrectly presented certain intercompany balances between the Parent, the Issuer, the Combined Subsidiary Guarantors and Non-Guarantors resulting in revisions impacting other accrued liabilities, deferred income taxes, provision (benefit) for income taxes, intercompany receivables, intercompany payables, investment in subsidiaries and total equity balances. Additionally, certain revisions have been made to the Company's Condensed Consolidating Statement of Income and Comprehensive Income for the three months ended June 30, 2012. For the three months ended June 30, 2012, the provision for income taxes was increased approximately $4.3 million to $0.6 million for the Parent, and the benefit for income taxes was increased approximately $4.4 million to $3.0 million for the Issuer.

The Company has revised its Condensed Consolidating Financial Statements to correct the presentation of these items. There were no changes to any of the Company's Condensed Consolidated Financial Statements. The Company assessed the materiality of these items on previously issued annual and interim financial statements in accordance with SEC Staff Accounting Bulletin No. 99 and No. 108, and concluded that the revisions were not material to the consolidated financial statements. The Company will disclose the impact of the revisions on previously reported amounts and accordingly revise the Condensed Consolidated Financial Statements for comparative periods in its future filings. The impact of these revisions as of March 31, 2012 and for each of the three and nine month periods ended December 31, 2011 are shown in the following tables:

Condensed Consolidating Statement of Income and Comprehensive Income for the Three Months Ended December 31, 2011



(In thousands)	Prestige Brands Holdings, Inc.					Prestige Brands, Inc., the issuer				Combined Subsidiary Guarantors					Combined Non-Guarantor Subsidiaries						Eliminations
	Reported		Revised			Reported		Revised		Reported			Revised		Reported			Revised			Reported			Revised
Revenue	$	—	$	—		$	83,768	$	27,409	$	21,343		$	77,759	$	1,423		$	1,366		$	(284	)	$	(284	)
Income before income taxes	13,575		8,782			6,402		13,876		(1,316		)	11,501		(22		)	(21		)	(3,125		)	(18,624		)
Provision (benefit) for income taxes	4,065		(728		)	2,430		2,285		(509		)	4,454		18			(7		)	—			—
Net income	9,510		9,510			3,972		11,591		(807		)	7,047		(40		)	(14		)	(3,125		)	(18,624		)

Condensed Consolidating Statement of Income and Comprehensive Income for the Nine Months Ended December 31, 2011.



(In thousands)	Prestige Brands Holdings, Inc.				Prestige Brands, Inc., the issuer				Combined Subsidiary Guarantors					Combined Non-Guarantor Subsidiaries				Eliminations
	Reported		Revised		Reported		Revised		Reported			Revised		Reported		Revised		Reported			Revised
Revenue	$	—	$	—	$	232,214	$	74,945	$	71,823		$	229,245	$	4,336	$	4,183	$	(1,284	)	$	(1,284	)
Income before income taxes	52,806		41,445		20,701		36,243		(2,163		)	36,487		1,132		1,133		(12,119		)	(54,951		)
Provision (benefit) for income taxes	15,579		4,218		8,000		4,781		(837		)	13,697		388		434		—			—
Net income	37,227		37,227		12,701		31,462		(1,326		)	22,790		744		699		(12,119		)	(54,951		)

Condensed Consolidating Balance sheet as of March 31, 2012.



(In thousands)	Prestige Brands Holdings, Inc.				Prestige Brands, Inc., the issuer				Combined Subsidiary Guarantors					Combined Non-Guarantor Subsidiaries				Eliminations
	Reported		Revised		Reported		Revised		Reported			Revised		Reported		Revised		Reported			Revised
Total current assets	$	26,704	$	26,704	$	98,887	$	22,505	$	19,222		$	95,240	$	2,222	$	2,586	$	—		$	—
Total assets	2,200,652		2,065,825		3,236,598		2,939,785		267,407			1,729,776		10,402		8,900		(3,956,783		)	(4,986,010		)
Total current liabilities	16,779		16,289		49,246		20,392		(3,446		)	25,952		1,344		1,290		—			—
Total liabilities	1,797,927		1,663,097		2,982,492		1,650,946		196,430			489,526		2,116		1,685		(3,623,417		)	(2,449,706		)
Total stockholder's equity	402,725		402,728		254,106		1,288,839		70,977			1,240,250		8,286		7,215		(333,366		)	(2,536,304		)

Condensed Consolidating Statement of Cash Flows for the Nine Months Ended December 31, 2011.



(In thousands)	Prestige Brands Holdings, Inc.						Prestige Brands, Inc., the issuer						Combined Subsidiary Guarantors					Combined Non-Guarantor Subsidiaries					Eliminations
	Reported			Revised			Reported			Revised			Reported		Revised			Reported		Revised			Reported			Revised
Net cash provided by (used in) operating activities	$	54,406		$	13,742		$	(4,109	)	$	1,613		$	—	$	31,548		$	169	$	1,090		$	(2,473	)	$	—
Net cash provided by (used in) investing activities	1,060			1,060			(218		)	—			—		(218		)	—		—			—			—
Net cash provided by (used in) financing activities	(64,619		)	(23,955		)	4,327			(1,613		)	—		(31,330		)	120		(801		)	2,473			—