XML 77 R51.htm IDEA: XBRL DOCUMENT
v3.25.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2025
Income Tax Disclosure [Abstract] |
Schedule of Effective Income Tax Rate Reconciliation | The sources and tax effects of the differences were as follows:
|  | Year Ended March 31,
|  | 2025 |  | 2024 |  | 2023
Statutory federal income tax rate (1) |  | 21.00 | % |  | 21.00 | % |  | 21.00 | %
Expected tax expense (benefit) at statutory rate |  | $ | (1,156) |  |  | $ | 12,921 |  |  | $ | 15,640 |
State income taxes net of federal benefit |  | (514) |  |  | 652 |  |  | 2,719 |
Foreign taxes at rates other than statutory federal rate |  | (431) |  |  | (247) |  |  | 1,757 |
Employee benefits |  | 483 |  |  | 1,347 |  |  | 1,207 |
US benefit on foreign derived income |  | (259) |  |  | (686) |  |  | (477) |
US Tax on foreign earnings |  | 379 |  |  | 757 |  |  | 1,257 |
Permanent items (4) |  | 421 |  |  | 694 |  |  | 168 |
Valuation allowance (3) |  | 181 |  |  | (1,109) |  |  | (787) |
Federal tax credits |  | (1,002) |  |  | (1,384) |  |  | (1,539) |
Other (3) |  | (28) |  |  | 1,437 |  |  | 285 |
Tax audit adjustments (2) |  | — |  |  | (819) |  |  | 2,523 |
Unremitted earnings |  | 397 |  |  | 501 |  |  | 720 |
Reversal of stranded tax effects from AOCI |  | 961 |  |  | (22) |  |  | — |
Interest income from tax refunds |  | (505) |  |  | — |  |  | — |
Non-deductible interest |  | 286 |  |  | 420 |  |  | 119 |
Transfer pricing adjustments |  | 600 |  |  | — |  |  | — |
Return to provision adjustment |  | (180) |  |  | 440 |  |  | 2,454 |
Actual tax provision expense |  | $ | (367) |  |  | $ | 14,902 |  |  | $ | 26,046 |
(1) Fiscal year 2024 and 2023 table amounts have been adjusted to be consistent with individual rate reconciling items disclosed for fiscal 2025. (2) For fiscal 2023, the Company settled income tax assessments related to tax periods prior to the Company's acquisition of STAHL. In accordance with the tax indemnification clause of the share purchase agreement, the Company received full reimbursement from STAHL’s prior owner which was recorded as a gain in Other (income) expense, net. For fiscal 2024, the Company collected tax refunds related to a period prior to the Company's acquisition of STAHL. In accordance with the tax indemnifica tion clause of the share purchase agreement, the Company will reimburse STAHL’s prior owner which was recorded as an loss in Other (income) expense, net. (3) For fiscal 2024, the Company wrote off $1,142,000 of tax attributes as a result of legal entity simplification.The tax attributes had an associated valuation allowance of $1,142,000 which was also written off in fiscal 2024. (4) For fiscal 2024, a tax impact of $525,000 from non-deductible transaction costs was incurred as part of the montratec GmbH acquisition.
Schedule of Provision for Income Tax Expense (Benefit) | The provision for income tax expense (benefit) consisted of the following:
|  | Year Ended March 31,
|  | 2025 |  | 2024 |  | 2023
Current income tax expense (benefit): |  |  |  |  |  |
United States Federal |  | $ | 6,843 |  |  | $ | 15,375 |  |  | $ | 7,772 |
State taxes |  | 850 |  |  | 2,715 |  |  | 2,218 |
Foreign |  | 12,226 |  |  | 12,097 |  |  | 16,356 |
Deferred income tax expense (benefit): |  |  |  |  |  |
United States |  | (17,411) |  |  | (12,451) |  |  | (517) |
Foreign |  | (2,875) |  |  | (2,834) |  |  | 217 |
|  | $ | (367) |  |  | $ | 14,902 |  |  | $ | 26,046 |
Schedule of Deferred Tax Assets and Deferred Tax Liabilities | The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and deferred tax liabilities are as follows:
|  | March 31,
|  | 2025 |  | 2024
Deferred tax assets (1): |  |  |  |
Federal net operating loss carryforwards |  | $ | 10,649 |  |  | $ | 11,779 |
State and foreign tax loss and credit carryforwards |  | 8,992 |  |  | 9,354 |
Employee benefit plans |  | 9,624 |  |  | 12,203 |
Inventory |  | 4,243 |  |  | 3,853 |
Insurance reserves |  | 3,060 |  |  | 3,301 |
Accrued vacation and incentive costs |  | 2,943 |  |  | 3,929 |
Federal tax credit carryforwards |  | 12,080 |  |  | 12,094 |
ASC 842 Lease Liability |  | 19,996 |  |  | 20,120 |
Equity compensation |  | 5,309 |  |  | 5,247 |
Capitalized Research and Development Costs |  | 15,069 |  |  | 12,029 |
Interest Carryforwards |  | 10,411 |  |  | 5,657 |
Other |  | 341 |  |  | — |
Valuation allowance |  | (15,802) |  |  | (15,156) |
Deferred tax assets after valuation allowance |  | 86,915 |  |  | 84,410 |
Deferred tax liabilities: |  |  |  |
Property, plant, and equipment |  | (5,909) |  |  | (7,525) |
ASC 842 Right-of-Use Asset |  | (16,807) |  |  | (18,509) |
Intangible assets |  | (88,275) |  |  | (96,494) |
Other |  | — |  |  | (535) |
Unremitted earnings |  | (1,322) |  |  | — |
Total deferred tax liabilities |  | (112,313) |  |  | (123,063) |
Net deferred tax assets (liabilities) |  | $ | (25,398) |  |  | $ | (38,653) |
(1) Fiscal year 2024 table amounts have been adjusted to be consistent with individual deferred tax items disclosed for fiscal 2025.
Schedule of Classification of Deferred Income Taxes in Consolidated Balance Sheet | Deferred income taxes are classified within the consolidated balance sheets based on the following breakdown:
|  | March 31,
|  | 2025 |  | 2024
Net non-current deferred tax assets |  | $ | 2,904 |  |  | $ | 1,797 |
Net non-current deferred tax liabilities |  | (28,302) |  |  | (40,450) |
Net deferred tax assets (liabilities) |  | $ | (25,398) |  |  | $ | (38,653) |
Schedule of Uncertain Income Tax Positions | Changes in the Company’s uncertain income tax positions, excluding the related accrual for interest and penalties, are as follows:
|  | 2025 |  | 2024 |  | 2023
Beginning balance |  | $ | 411 |  |  | $ | 411 |  |  | $ | 414 |
Additions for prior year tax positions |  | 563 |  |  | — |  |  | — |
Foreign currency translation |  | 25 |  |  | — |  |  | (3) |
Ending balance |  | $ | 999 |  |  | $ | 411 |  |  | $ | 411 |

X
- Definition Documentation for Schedule of Classification of Deferred Income Taxes in Consolidated Balance Sheet + References No definition available. + Details
Name: | cmco_ScheduleofClassificationofDeferredIncomeTaxesinConsolidatedBalanceSheetTableTextBlock
Namespace Prefix: | cmco_
Data Type: | dtr-types1:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration