COLUMBUS MCKINNON CORP
For the period ended Mar 31, 2024. Filed May 29, 2024.
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FY2024 · Filed May 29, 2024
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Accrued Liabilities and Other Non-current Liabilities
- Accrued Liabilities and Other Non-current Liabilities
Consolidated accrued liabilities of the Company consisted of the following:
| March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Accrued payroll | $39,315 | $39,713 |
| Accrued income taxes payable | 15,526 | 9,152 |
| Accrued health insurance | 2,450 | 2,216 |
| Accrued general and product liability costs | 4,600 | 4,900 |
| Customer advances, deposits, and rebates | 17,531 | 27,827 |
| Current ROU lease liabilities | 8,723 | 7,966 |
| Other accrued liabilities | 39,828 | 32,543 |
| $127,973 | $124,317 | |
Consolidated other non-current liabilities of the Company consisted of the following:
| March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Accumulated postretirement benefit obligation | $695 | $826 |
| Accrued general and product liability costs | 15,388 | 16,203 |
| Accrued pension cost | 70,552 | 70,660 |
| Cross currency swap | 2,541 | 2,270 |
| Deferred income tax | 40,450 | 45,999 |
| Non-current ROU lease liabilities | 60,666 | 46,524 |
| Other non-current liabilities | 12,263 | 9,531 |
| $202,555 | $192,013 | |
For the years ended March 31, 2024 and March 31, 2023, the Accrued general and product liability costs are presented gross of estimated recoveries of $7,637,000 and $8,272,000, respectively. Refer to Note 16 for additional information.
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