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Earnings Per Share
 9 Months Ended
Dec. 31, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Earnings Per Share
The following table sets forth the computation of basic and diluted earnings per share (in thousands):
 Three Months Ended
Nine Months Ended
 December 31, 2024December 31, 2023December 31, 2024December 31, 2023
Numerator for basic and diluted earnings per share:
Net income (loss)$3,960 $9,728 $(2,454)$34,816 
Denominators: 
Weighted-average common stock outstanding – denominator for basic EPS28,631 28,744 28,778 28,711 
Effect of dilutive employee stock options and other share-based awards257 247 — 268 
Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS28,888 28,991 28,778 28,979 

Stock options with respect to 578,000 common shares for the three months ended December 31, 2024 and 824,000 and 744,000 common shares for the three and nine months ended December 31, 2023, respectively, were not included in the computation of diluted income per share because they were antidilutive. Contingently issuable common shares of 244,000 for the three months ended December 31, 2024 and 165,000 for the three and nine months ended December 31, 2023, respectively, were not included in the computation of diluted income per share because a performance condition had not yet been met.
Stock options, restricted stock units, and performance shares with respect to 1,777,000 common shares for the nine months ended December 31, 2024 were not included in the computation of diluted income per share because they were antidilutive as a result of the Company's net loss.

The Company grants share based compensation to eligible participants under the Columbus McKinnon Corporation 2016 Long Term Incentive Plan, as Amended and Restated in June 2019 and July 2024 ("2016 LTIP").  The total number of shares of common stock with respect to which awards may be granted under the 2016 LTIP were increased by 2,500,000 as a result of the June 2019 amendment and restatement. In July of fiscal 2025, the 2016 LTIP was amended and restated a second time, which increased the total number of shares of common stock that may be granted under the 2016 LTIP by an additional 2,800,000 shares.

During the nine months ended December 31, 2024, the Company repurchased 293,000 shares of its common stock at an aggregate cost of $9,945,000 in accordance with the Company's previously adopted share repurchase program. The value of the shares purchased are reflected as Treasury stock on the Company's Condensed Consolidated Balance Sheet as of December 31, 2024.

During the first nine months of fiscal 2025, there were 12,000 shares of stock issued upon the exercise of stock options that were issued under the Company’s 2016 LTIP. During the fiscal year ended March 31, 2024, 146,000 shares of restricted stock units vested and were issued.

On January 21, 2025, the Company's Board of Directors declared a dividend of $0.07 per common share. The dividend will be paid on February 18, 2025 to shareholders of record on February 7, 2025. The dividend payment is expected to be approximately $2,005,000.

Refer to the Company’s consolidated financial statements included in the 2024 10-K for further information on its earnings per share and stock plans.