COLUMBUS MCKINNON CORP
For the period ended Mar 31, 2025. Filed May 28, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed May 28, 2025
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Property, Plant, and Equipment
- Property, Plant, and Equipment
Consolidated property, plant, and equipment of the Company consisted of the following:
| March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Land and land improvements | $4,396 | $5,460 |
| Buildings | 68,345 | 66,683 |
| Machinery, equipment, and leasehold improvements | 277,396 | 253,643 |
| Construction in progress | 9,025 | 23,426 |
| 359,162 | 349,212 | |
| Less accumulated depreciation | 252,998 | 242,817 |
| Net property, plant, and equipment | $106,164 | $106,395 |
Depreciation expense was $18,241,000, $16,549,000, and $15,946,000 for the years ended March 31, 2025, 2024, and 2023, respectively.
Gross property, plant, and equipment includes capitalized software costs of $42,927,000 at March 31, 2025, and $40,881,000 at March 31, 2024. Accumulated depreciation includes accumulated amortization on capitalized software costs of $30,740,000 and $28,443,000 at March 31, 2025, and 2024, respectively. Amortization expense on capitalized software costs was $1,935,000, $1,510,000 and $2,132,000 during the years ended March 31, 2025, 2024, and 2023, respectively.
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