10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D. C. 20549

FORM 10-Q

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT 1934

For the quarterly period ended December 31, 2012

or

o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.

For the transition period from to

Commission File Number:       0-27618

Columbus McKinnon Corporation
(Exact name of registrant as specified in its charter)
New York	16-0547600
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification No.)
140 John James Audubon Parkway, Amherst, NY	14228-1197
(Address of principal executive offices)	(Zip code)
(716) 689-5400
(Registrant's telephone number, including area code)
(Former name, former address and former fiscal year, if changed since last report.)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.  : x Yes   o  No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).  Yes x  No o

Indicate by checkmark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Act.

Large accelerated filer  o	Accelerated filer x
Non-accelerated filer  o  (Do not check if a smaller reporting company)	Smaller Reporting Company o

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). o Yes    x No

The number of shares of common stock outstanding as of January 18, 2013 was: 19,498,879 shares.

FORM 10-Q INDEX

COLUMBUS McKINNON CORPORATION

December 31, 2012

		Page #
Part I. Financial Information
Item 1.	Condensed Consolidated Financial Statements (Unaudited)
	Condensed consolidated balance sheets – December 31, 2012 and March 31, 2012	3
	Condensed consolidated statements of operations and retained earnings - Three and nine months ended December 31, 2012 and December 31, 2011	4
	Condensed consolidated statements of comprehensive income (loss) - Three and nine months ended December 31, 2012 and December 31, 2011	5
	Condensed consolidated statements of cash flows – Nine months ended December 31, 2012 and December 31, 2011	6
	Notes to condensed consolidated financial statements – December 31, 2012	7
Item 2.	Management's Discussion and Analysis of Results of Operations and Financial Condition	25
Item 3.	Quantitative and Qualitative Disclosures About Market Risk	33
Item 4.	Controls and Procedures	33
Part II. Other Information
Item 1.	Legal Proceedings – none.	34
Item 1A.	Risk Factors	34
Item 2.	Unregistered Sales of Equity Securities and Use of Proceeds – none.	34
Item 3.	Defaults upon Senior Securities – none.	34
Item 4.	Mine Safety Disclosures – N/A.	34
Item 5.	Other Information – none.	34
Item 6.	Exhibits	34

2

Part I.     Financial Information

Item 1.     Condensed Consolidated Financial Statements (Unaudited)

COLUMBUS McKINNON CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

	December 31, 2012			March 31, 2012
	(unaudited)
ASSETS:	(In thousands)
Current assets:
Cash and cash equivalents	$	111,937		$	89,473
Trade accounts receivable		78,710			88,642
Inventories		101,531			108,055
Prepaid expenses and other		9,111			10,449
Total current assets		301,289			296,619
Property, plant, and equipment, net		60,765			61,709
Goodwill		106,061			106,435
Other intangibles, net		14,281			15,791
Marketable securities		23,699			25,393
Deferred taxes on income		3,033			2,824
Other assets		6,614			6,636
Total assets	$	515,742		$	515,407
LIABILITIES AND SHAREHOLDERS' EQUITY:
Current liabilities:
Notes payable to banks	$	-		$	112
Trade accounts payable		30,310			40,991
Accrued liabilities		51,603			61,713
Current portion of long-term debt		1,108			1,093
Total current liabilities		83,021			103,909
Senior debt, less current portion		2,881			3,749
Subordinated debt		148,345			148,140
Other non-current liabilities		92,035			99,143
Total liabilities		326,282			354,941
Shareholders' equity:
Voting common stock; 50,000,000 shares authorized; 19,498,879 and 19,400,526 shares issued and outstanding		194			193
Additional paid in capital		191,945			189,260
Retained earnings		52,162			25,895
ESOP debt guarantee		(657	)		(975	)
Accumulated other comprehensive loss		(54,184	)		(53,907	)
Total shareholders' equity		189,460			160,466
Total liabilities and shareholders' equity	$	515,742		$	515,407

See accompanying notes.

3

COLUMBUS McKINNON CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND RETAINED EARNINGS

(UNAUDITED)

	Three Months Ended						Nine Months Ended
	December 31,			December 31,			December 31,			December 31,
	2012			2011			2012			2011
	(In thousands, except per share data)
Net sales	$	153,225		$	142,750		$	452,710		$	432,373
Cost of products sold		109,428			104,147			322,687			318,897
Gross profit		43,797			38,603			130,023			113,476
Selling expenses		16,390			15,980			49,204			47,515
General and administrative expenses		12,725			11,605			39,448			33,956
Restructuring charges		-			(1,467	)		-			(1,037	)
Amortization of intangibles		493			485			1,481			1,515
		29,608			26,603			90,133			81,949
Income from operations		14,189			12,000			39,890			31,527
Interest and debt expense		3,413			3,590			10,418			10,651
Investment income		(354	)		(275	)		(1,017	)		(824	)
Foreign currency exchange loss (gain)		293			(97	)		147			121
Other expense (income), net		65			(1,399	)		(429	)		(1,880	)
Income from continuing operations before income tax expense		10,772			10,181			30,771			23,459
Income tax expense		1,193			1,666			4,504			5,898
Income from continuing operations		9,579			8,515			26,267			17,561
Income from discontinued operations - net of tax		-			-			-			409
Net income		9,579			8,515			26,267			17,970
Retained earnings (accumulated deficit) - beginning of period		42,583			8,383			25,895			(1,072	)
Retained earnings -  end of period	$	52,162		$	16,898		$	52,162		$	16,898
Average basic shares outstanding		19,451			19,313			19,406			19,256
Average diluted shares outstanding		19,697			19,488			19,620			19,526
Basic income per share:
Income from continuing operations	$	0.49		$	0.44		$	1.35		$	0.91
Income from discontinued operations		-			-			-			0.02
Net income	$	0.49		$	0.44		$	1.35		$	0.93
Diluted income per share:
Income from continuing operations	$	0.49		$	0.44		$	1.34		$	0.90
Income from discontinued operations		-			-			-			0.02
Net income	$	0.49		$	0.44		$	1.34		$	0.92

See accompanying notes.

4

COLUMBUS McKINNON CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(UNAUDITED)

	Three Months Ended						Nine Months Ended
	December 31,			December 31,			December 31,			December 31,
	2012			2011			2012			2011
	(In thousands)
Net income	$	9,579		$	8,515		$	26,267		$	17,970
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		2,604			(3,597	)		(40	)		(8,047	)
Change in derivatives qualifying as hedges, net of deferred tax (benefit) expense of ($89), ($3), ($158), and $3 *		(138	)		(36	)		(326	)		36
Adjustments:
Unrealized holding gain arising during the period, net of deferred taxes of $0 *		194			610			489			198
Reclassification adjustment for (loss) gain included in net income, net of deferred tax expense of $0 *		(253	)		32			(400	)		157
Net change in unrealized gain (loss) on investments		(59	)		642			89			355
Total other comprehensive income (loss)		2,407			(2,991	)		(277	)		(7,656	)
Comprehensive income	$	11,986			5,524		$	25,990		$	10,314

* The zero net deferred tax benefit related to the change in derivatives for our domestic subsidiaries qualifying as hedges, unrealized holding gains and losses, and reclassification adjustments during the three and nine months ended December 31, 2012 and 2011 is due to the related deferred tax asset valuation allowance.

See accompanying notes.

5

COLUMBUS McKINNON CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(UNAUDITED)

	Nine Months Ended
	December 31,			December 31,
	2012			2011
	(In thousands)
OPERATING ACTIVITIES:
Net income	$	26,267		$	17,970
Adjustments to reconcile net income to net cash provided by operating activities:
Income from discontinued operations		-			(409	)
Depreciation and amortization		9,116			8,609
Deferred income taxes and related valuation allowance		153			378
Gain on sale of real estate/investments		(431	)		(1,909	)
Gain on re-measurement of investment		-			(850	)
Stock-based compensation		2,474			2,246
Amortization of deferred financing costs		226			289
Changes in operating assets and liabilities:
Trade accounts receivable		9,330			(775	)
Inventories		4,129			(14,011	)
Prepaid expenses and other		(345	)		2,440
Other assets		415			332
Trade accounts payable		(8,835	)		927
Accrued and non-current liabilities		(16,212	)		(1,774	)
Net cash provided by operating activities		26,287			13,463
INVESTING ACTIVITIES:
Proceeds from sale of marketable securities		4,907			5,747
Purchases of marketable securities		(2,724	)		(4,503	)
Capital expenditures		(7,139	)		(10,464	)
Purchase of businesses		-			(3,356	)
Proceeds from sale of assets		2,357			1,971
Net cash used for investing activities from continuing operations		(2,599	)		(10,605	)
Net cash provided by investing activities from discontinued operations		-			409
Net cash used for investing activities		(2,599	)		(10,196	)
FINANCING ACTIVITIES:
Proceeds from exercise of stock options		232			1,733
Net payments under lines-of-credit		(52	)		(238	)
Repayment of debt		(592	)		(488	)
Payment of deferred financing costs		(684	)		-
Change in ESOP guarantee		318			324
Net cash (used for) provided by financing activities		(778	)		1,331
Effect of exchange rate changes on cash		(446	)		(2,704	)
Net change in cash and cash equivalents		22,464			1,894
Cash and cash equivalents at beginning of period		89,473			80,139
Cash and cash equivalents at end of period	$	111,937		$	82,033
Supplementary cash flow data:
Interest paid	$	10,227		$	10,202
Income taxes paid, net of refunds	$	3,591		$	5,272

See accompanying notes.

6

COLUMBUS McKINNON CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

December 31, 2012

1. Description of Business

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of Columbus McKinnon Corporation (the Company) at December 31, 2012, the results of its operations for the three and nine month periods ended December 31, 2012 and December 31, 2011, and cash flows for the nine months ended December 31, 2012 and December 31, 2011, have been included. Results for the period ended December 31, 2012 are not necessarily indicative of the results that may be expected for the year ending March 31, 2013. The balance sheet at March 31, 2012 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Columbus McKinnon Corporation annual report on Form 10-K for the year ended March 31, 2012.

The Company is a leading designer, marketer and manufacturer of material handling products and services which efficiently and safely move, lift, position and secure material. Key products include hoists, rigging tools, cranes, and actuators. The Company’s material handling products are sold globally, principally to third party distributors through diverse distribution channels, and to a lesser extent directly to end-users. During the three and nine months ended December 31, 2012, approximately 54% and 56% of sales were to customers in the U.S., respectively.

2. Divestitures

Income from discontinued operations presented in the condensed consolidated statements of operations and retained earnings for the three and nine month period ending December 31, 2011 includes payments received on a note receivable related to the Company’s fiscal 2002 disposal of Automatic Systems, Inc. The note was collected in full during the three months ended June 30, 2012.

During the nine months ended December 31, 2012 the Company sold certain assets of the Gaffey division of Crane Equipment and Service, Inc.  The sale of the Gaffey assets did not have a material effect on the Company’s financial statements for the three and nine months ended December 31, 2012 and therefore was not reclassified as a discontinued operation.

3. Fair Value Measurements

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 “Fair Value Measurements and Disclosures” establishes the standards for reporting financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value on a recurring basis (at least annually). Under these standards, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date.

ASC Topic 820-10-35-37 establishes a hierarchy for inputs that may be used to measure fair value. Level 1 is defined as quoted prices in active markets that the Company has the ability to access for identical assets or liabilities. The fair value of the Company’s marketable securities is based on Level 1 inputs. Level 2 is defined as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 inputs are unobservable inputs based on the Company’s own assumptions used to measure assets and liabilities at fair value. The Company primarily uses readily observable market data in conjunction with internally developed discounted cash flow valuation models when valuing its derivative portfolio and, consequently, the fair value of the Company’s derivatives is based on Level 2 inputs.  The Company uses quoted prices in an inactive market when valuing its Subordinated Debt, represented by the 7 7/8% Notes and, consequently, the fair value is based on Level 2 inputs. The carrying values of the Company’s senior debt and notes payable to banks approximate fair value based on current market interest rates for debt instruments of similar credit standing and, consequently, their fair values are based on Level 2 inputs. As of December 31, 2012, the Company’s assets and liabilities measured or disclosed at fair value on recurring bases were as follows (in thousands):

7

	Fair value measurements at reporting date using
				Quoted prices in		Significant other			Significant
				active markets for		observable			unobservable
	At December 31,			identical assets		inputs			inputs
Description	2012			(Level 1)		(Level 2)			(Level 3)
Assets/(Liabilities) measured at fair value:
Marketable securities	$	23,699		$	23,699	$	-		$	-
Derivative liabilities		(742	)		-		(742	)		-
Other equity investments		1,176			1,176		-			-
Assets/(Liabilities) disclosed at fair value:
Subordinated debt	$	(160,875	)	$	-	$	(160,875	)	$	-
Senior debt		(3,989	)		-		(3,989	)		-

Assets that are measured on a nonrecurring basis include the Company’s reporting units that are used to test goodwill for impairment on an annual or interim basis under the provisions of ASC Topic 350-20-35-1 “Intangibles, Goodwill and Other – Goodwill Subsequent Measurement,” as well as property, plant and equipment in circumstances when the Company determines that those assets are impaired under the provisions of ASC Topic 360-10-35-17 “Property Plant and Equipment – Subsequent Measurement” and the measurement of certain termination benefits in connection with the Company’s restructuring plan under the provisions of ASC Topic 420 “Exit or Disposal Cost Obligations.” There were no assets or liabilities measured at fair value on a nonrecurring basis during the three or nine month periods ended December 31, 2012.

8

4. Inventories

Inventories consisted of the following (in thousands):

	December 31,		March 31,
	2012		2012
At cost - FIFO basis:
Raw materials	$	58,095	$	59,252
Work-in-process		11,579		18,952
Finished goods		52,793		49,315
		122,467		127,519
LIFO cost less than FIFO cost		(20,936)		(19,464)
Net inventories	$	101,531	$	108,055

An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management's estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management's control, estimated interim results are subject to change in the final year-end LIFO inventory valuation.

5. Marketable Securities

All of the Company’s marketable securities, which consist of equity securities and fixed income securities, have been classified as available-for-sale securities and are therefore recorded at their fair values with the unrealized gains and losses, net of tax, reported in accumulated other comprehensive income (loss) in the shareholders’ equity section of the balance sheet unless unrealized losses are deemed to be other than temporary. In such instances, the unrealized losses are reported in the consolidated statements of operations and retained earnings within investment income. Estimated fair value is based on published trading values at the balance sheet dates. The cost of securities sold is based on the specific identification method. Interest and dividend income are included in investment income in the consolidated statements of operations and retained earnings.

The marketable securities are carried as long-term assets since they are held for the settlement of the Company’s general and products liability insurance claims filed through CM Insurance Company, Inc., a wholly owned captive insurance subsidiary.  The marketable securities are not available for general working capital purposes.

In accordance with ASC Topic 320-10-35-30 “Investments – Debt & Equity Securities – Subsequent Measurement,” the Company reviews its marketable securities for declines in market value that may be considered other-than-temporary. The Company generally considers market value declines to be other-than-temporary if there are declines for a period longer than six months and in excess of 20% of original cost, or when other evidence indicates impairment.  There were no other-than-temporary impairments for the nine months ended December 31, 2012 or December 31, 2011.

The following is a summary of available-for-sale securities at December 31, 2012 (in thousands):

			Gross Unrealized		Gross Unrealized		Estimated Fair
	Cost		Gains		Losses		Value
Marketable securities	$	21,385	$	2,320	$	6	$	23,699

9

The aggregate fair value of investments and unrealized losses on available-for-sale securities in an unrealized loss position at December 31, 2012 are as follows (in thousands):

	Aggregate		Unrealized
	Fair Value		Losses
Securities in a continuous loss position for less than 12 months	$	1,125	$	6
Securities in a continuous loss position for more than 12 months		-		-
	$	1,125	$	6

Net realized gains related to sales of marketable securities were $147,000 and $31,000, in the three-month periods ended December 31, 2012 and December 31, 2011, respectively and $399,000 and $152,000 for the nine month periods then ended, respectively.

The following is a summary of available-for-sale securities at March 31, 2012 (in thousands):

	Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Marketable securities	$	23,183	$	2,249	$	39	$	25,393

6. Goodwill and Intangible Assets

Goodwill is not amortized but is tested for impairment at least annually or when indicators of impairment are identified, in accordance with the provisions of ASC Topic 350-20-35-1.  Goodwill impairment is deemed to exist if the net book value of a reporting unit exceeds its estimated fair value.  The fair value of a reporting unit is determined using a discounted cash flow methodology.  The Company’s reporting units are determined based upon whether discrete financial information is available and reviewed regularly, whether those units constitute a business, and the extent of economic similarities between those reporting units for purposes of aggregation.  The Company’s reporting units identified under ASC Topic 350-20-35-33 are at the component level, or one level below the reporting segment level as defined under ASC Topic 280-10-50-10 “Segment Reporting – Disclosure.” The Company has four reporting units.  Only two of the four reporting units carry goodwill at December 31, 2012 and March 31, 2012.

When we evaluate the potential for goodwill impairment, we assess a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for our products and services, regulatory and political developments, entity specific factors such as strategy and changes in key personnel and overall financial performance. If, after completing this assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value, we proceed to a two-step impairment test.

In accordance with ASC Topic 350-20-35-3, the assessment of goodwill for impairment consists of two steps. In the first step, the Company compares the fair value of each reporting unit to its carrying value. As part of the impairment analysis, the Company determines the fair value of each of its reporting units with goodwill using the income approach. The income approach uses a discounted cash flow methodology to determine fair value. This methodology recognizes value based on the expected receipt of future economic benefits. Key assumptions in the income approach include a free cash flow projection, an estimated discount rate, a long-term growth rate and a terminal value. These assumptions are based upon the Company’s historical experience, current market trends and future expectations.

We performed our qualitative assessment including consideration of relevant events and circumstances impacting each of our reporting units during the fourth quarter of fiscal year 2012 and determined it was not more likely than not that the fair value of each of our reporting units was less than its applicable carrying value. Accordingly, we did not perform the two-step goodwill impairment test for any of our reporting units.

10

Future impairment indicators, such as declines in forecasted cash flows, may cause additional significant impairment charges. Impairment indicators could be based on such factors as the Company’s stock price, forecasted cash flows, assumptions used, control premiums or other variables.

A summary of changes in goodwill during the nine months ended December 31, 2012 is as follows (in thousands):

Balance at April 1, 2012	$	106,435
Currency translation		(374	)
Balance at December 31, 2012	$	106,061

Identifiable intangible assets acquired in a business combination are amortized over their useful lives unless their useful lives are indefinite, in which case those intangible assets are tested for impairment annually (or upon identification of impairment indicators) and not amortized until their lives are determined to be finite.

Identifiable intangible assets are summarized as follows (in thousands):

	December 31, 2012							March 31, 2012
	Gross Carrying Amount		Accumulated Amortization			Net		Gross Carrying Amount		Accumulated Amortization			Net
Trademark	$	5,720	$	(1,332	)	$	4,388	$	5,783	$	(1,109	)	$	4,674
Customer relationships		14,605		(5,723	)		8,882		14,808		(4,693	)		10,115
Other		1,378		(367	)		1,011		1,267		(265	)		1,002
Total	$	21,703	$	(7,422	)	$	14,281	$	21,858	$	(6,067	)	$	15,791

Based on the current amount of identifiable intangible assets, the estimated amortization expense for each of the fiscal years 2013 through 2017 is expected to be in a range of $1,700,000 to $1,900,000.

7. Derivative Instruments

The Company uses derivative instruments to manage selected foreign currency exposures. The Company does not use derivative instruments for speculative trading purposes. All derivative instruments must be recorded on the balance sheet at fair value. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is recorded as accumulated other comprehensive loss, or “AOCL”, and is reclassified to earnings when the underlying transaction has an impact on earnings. The ineffective portion of changes in the fair value of the derivative is reported in foreign currency exchange loss (gain) in the Company’s consolidated statement of operations. For derivatives not classified as cash flow hedges, all changes in market value are recorded as a foreign currency exchange loss (gain) in the Company’s consolidated statements of operations and retained earnings.

The Company has foreign currency forward agreements and cross-currency swaps in place to offset changes in the value of intercompany loans to certain foreign subsidiaries due to changes in foreign exchange rates. The notional amount of these derivatives is $4,554,000 and all contracts mature by September 30, 2013. These contracts are not designated as hedges.

The Company has foreign currency forward agreements in place to hedge changes in the value of recorded foreign currency liabilities due to changes in foreign exchange rates at the settlement date. The notional amount of those derivatives is $2,803,000 and all contracts mature within twelve months. These contracts are marked to market each balance sheet date and are not designated as hedges.

The Company has foreign currency forward agreements that are designated as cash flow hedges to hedge a portion of forecasted inventory purchases and sales, including multi-year contracts related to capital project sales, denominated in a foreign currency. The notional amount of those derivatives is $9,392,000 and all contracts mature within twenty one months of December 31, 2012.

The Company is exposed to credit losses in the event of non performance by the counterparties on its financial instruments. All counterparties have investment grade credit ratings. The Company anticipates that these counterparties will be able to fully satisfy their obligations under the contracts. The Company has derivative contracts with three different counterparties as of December 31, 2012.

11

The following is the effect of derivative instruments on the condensed consolidated statement of operations for the three months ended December 31, 2012 and 2011 (in thousands):

December 31,	Derivatives Designated as Cash Flow  Hedges	(Loss)/Gain Recognized (1)			Location of Gain/(Loss) Recognized in Income on Derivatives	(Loss)/Gain Reclassified (2)
2012	Foreign exchange contracts	$	(128	)	Cost of products sold	$	10
2011	Foreign exchange contracts	$	36		Cost of products sold	$	75

(1) Recognized in Other Comprehensive Loss (AOCL) on Derivatives (Effective Portion)

(2)  Reclassified from AOCL into Income (Effective Portion)

December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives	Gain Recognized in Income on Derivatives
2012	Foreign exchange contracts	Foreign currency exchange gain (loss)	$	(276	)
2011	Foreign exchange contracts	Foreign currency exchange gain	$	(1	)

The following is the effect of derivative instruments on the condensed consolidated statement of operations for the nine months ended December 31, 2012 and 2011 (in thousands):

December 31,	Derivatives Designated as Cash Flow  Hedges	(Loss)/Gain Recognized (3)			Location of Gain/(Loss) Recognized in Income on Derivatives	Gain Reclassified (4)
2012	Foreign exchange contracts	$	(201	)	Cost of products sold	$	125
2011	Foreign exchange contracts	$	171		Cost of products sold	$	138

(3) Recognized in AOCL on Derivatives (Effective Portion)

(4)  Reclassified from AOCL into Income (Effective Portion)

December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives	Gain Recognized in Income on Derivatives
2012	Foreign exchange contracts	Foreign currency exchange gain	$	258
2011	Foreign exchange contracts	Foreign currency exchange gain	$	987

12

As of December 31, 2012, the Company had no derivatives designated as net investments or fair value hedges in accordance with ASC Topic 815, “Derivatives and Hedging.”

The following is information relative to the Company’s derivative instruments in the condensed consolidated balance sheet as of December 31, 2012 (in thousands):

Derivatives Designated as Hedging Instruments	Balance Sheet Location	Fair Value of Asset (Liability)
Foreign exchange contracts	Other Assets	$	2
Foreign exchange contracts	Accrued Liabilities	$	(516	)
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location	Fair Value of Asset (Liability)
Foreign exchange contracts	Other Assets	$	9
Foreign exchange contracts	Accrued Liabilities	$	(237	)

8. Debt

The Company entered into a fifth amended, restated and expanded revolving credit facility dated October 19, 2012 (New Revolving Credit Facility). The New Revolving Credit Facility provides availability up to a maximum of $100,000,000 and has an initial term ending October 31, 2017.

Provided there is no default, the Company may request an increase in the availability of the New Revolving Credit Facility by an amount not exceeding $75,000,000, subject to lender approval. The unused portion of the New Revolving Credit Facility totalled $88,530,000 net of outstanding borrowings of $0 and outstanding letters of credit of $11,470,000 as of December 31, 2012. The outstanding letters of credit at December 31, 2012 consisted of $2,362,000 in commercial letters of credit and $9,108,000 of standby letters of credit.   Interest on the revolver is payable at varying Eurodollar rates based on LIBOR plus an applicable margin of 100 basis points or at a Base Rate (equivalent to a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.”) plus 0 basis points.  The applicable margin is determined based on the pricing grid in the New Revolving Credit Facility which varies based on the Company’s total leverage ratio at December 31, 2012. The New Revolving Credit Facility is secured by all U.S. inventory, receivables, equipment, real property, subsidiary stock (limited to 65% of non-U.S. subsidiaries) and intellectual property.

The corresponding credit agreement associated with the New Revolving Credit Facility places certain debt covenant restrictions on the Company, including certain financial requirements and restrictions on dividend payments, with which the Company was in compliance as of December 31, 2012. Key financial covenants include a minimum fixed charge coverage ratio of 1.25x, a maximum total leverage ratio, net of cash, of 3.50x and maximum annual capital expenditures of $30,000,000.

At March 31, 2012, the Company had entered into an amended, restated and expanded revolving credit facility dated December 31, 2009. The Revolving Credit Facility provided availability up to a maximum of $85,000,000 and had an initial term ending December 31, 2013. The Revolving Credit Facility was replaced by the New Revolving Credit Facility on October 19, 2012.

On January 25, 2011, the Company issued $150,000,000 principal amount of 7 7/8% Senior Subordinated Notes due 2019 in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (Unregistered 7 7/8% Notes). The offering price of the Unregistered 7 7/8% Notes was 98.545% of par after adjustment for original issue discount.

13

Provisions of the Unregistered 7 7/8% Notes include, without limitation, restrictions on indebtedness, asset sales, and dividends and other restricted payments. Until February 1, 2014, the Company may redeem up to 35% of the outstanding Unregistered 7 7/8% Notes at a redemption price of 107.875% with the proceeds of equity offerings, subject to certain restrictions. On or after February 1, 2015, the Unregistered 7 7/8% Notes are redeemable at the option of the Company, in whole or in part, at a redemption price of 103.938%, reducing to 101.969% and 100% on February 1, 2016 and February 1, 2017, respectively and are due February 1, 2019. In the event of a Change of Control (as defined in the indenture for such notes), each holder of the Unregistered 7 7/8% Notes may require the Company to repurchase all or a portion of such holder’s Unregistered 7 7/8% Notes at a purchase price equal to 101% of the principal amount thereof. The Unregistered 7 7/8% Notes are guaranteed by certain existing and future U.S. subsidiaries and are not subject to any sinking fund requirements.

On June 2, 2011 the Company exchanged $150,000,000 of its outstanding Unregistered 7 7/8% Notes due 2019 for a like principal amount of its 7 7/8% Notes due 2019, registered under the Securities Act of 1933, as amended (7 7/8% Notes).  All of the Unregistered 7 7/8% Senior Subordinated Notes due 2019 were exchanged in the transaction.  The 7 7/8% Notes contain identical terms and provisions as the Unregistered 7 7/8% Notes.

The Company’s Notes payable to banks consist primarily of draws against unsecured non-U.S. lines of credit.  The Company’s other senior debt consists primarily of capital lease obligations.

Unsecured and uncommitted lines of credit are available to meet short-term working capital needs for certain of our subsidiaries operating outside of the U.S. The lines of credit are available on an offering basis, meaning that transactions under the line of credit will be on such terms and conditions, including interest rate, maturity, representations, covenants and events of default, as mutually agreed between our subsidiaries and the local bank at the time of each specific transaction. As of December 31, 2012, unsecured credit lines totaled approximately $8,126,000, of which $0 was drawn. In addition to the above facilities, one of our foreign subsidiaries has a credit line secured by a parent company guarantee. This credit line provides availability of up to $963,000, of which $0 was drawn as of December 31, 2012.

Refer to the Company’s consolidated financial statements included in its annual report on Form 10-K for the year ended March 31, 2012 for further information on its debt arrangements.

9. Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension cost for the Company’s defined benefit pension plans (in thousands):

	Three months ended						Nine Months Ended
	December 31, 2012						December 31, 2011
	2012			2011			2012			2011
Service costs	$	623		$	846		$	1,869		$	2,537
Interest cost		2,481			2,507			7,443			7,521
Expected return on plan assets		(2,803	)		(2,689	)		(8,410	)		(8,065	)
Net amortization		1,558			1,004			4,675			3,012
Curtailment (see below)		-			-			-			1,172
Net periodic pension cost	$	1,859		$	1,668		$	5,577		$	6,177

The Company currently plans to contribute approximately $10,400,000 to its pension plans in fiscal 2013.

14

The following table sets forth the components of net periodic postretirement benefit cost for the Company’s defined benefit postretirement plans (in thousands):

	Three months ended				Nine Months Ended
	December 31, 2012				December 31, 2011
	2012		2011		2012		2011
Interest cost	$	78	$	120	$	234	$	359
Amortization of plan net losses		36		82		107		246
Net periodic postretirement cost	$	114	$	202	$	341	$	605

During the nine months ended December 31, 2011, the Company completed negotiations with one of its labor unions which resulted in an amendment to one of its pension plans.  The Company recorded within cost of products sold for the nine months ended December 31, 2011 a curtailment charge of $1,172,000 resulting from the amendment.

For additional information on the Company’s defined benefit pension and postretirement benefit plans, refer to the consolidated financial statements included in the Company’s annual report on Form 10-K for the year ended March 31, 2012.

10. 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, 2012		December 31, 2011		December 31, 2012		December 30, 2011
Numerator for basic and diluted earnings per share:
Net income	$	9,579	$	8,515	$	26,267	$	17,970
Denominators:
Weighted-average common stock outstanding – denominator for basic EPS		19,451		19,313		19,406		19,256
Effect of dilutive employee stock options and other share-based awards		246		175		214		270
Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS		19,697		19,488		19,620		19,526

Stock options and performance shares amounting to 275,000 and 448,000 common shares for the three month periods ended December 31, 2012 and 2011, respectively were not included in the computation of diluted earnings per share because they were antidilutive. Stock options and performance shares amounting to 275,000 and 215,000 common shares for the nine month periods ended December 31, 2012, and 2011, respectively were not included in the computation of diluted earnings per share respectively, because they were antidilutive.

On July 26, 2010, the shareholders of the Company approved the 2010 Long Term Incentive Plan (“LTIP”).  The Company grants share based compensation to eligible participants under the LTIP.  The total number of shares of common stock with respect to which awards may be granted under the plan is 1,250,000 including shares not previously authorized for issuance under any of the Prior Stock Plans and any shares not issued or subject to outstanding awards under the Prior Stock Plans.

15

During the first nine months of fiscal 2013 and 2012, a total of 30,798 and 165,544 shares of common stock were issued upon the exercising of stock options related to the Company’s stock option plans. During the fiscal year ended March 31, 2012, 49,254 shares of restricted stock vested and were issued.

Refer to the Company’s consolidated financial statements included in its Form 10-K for the year ended March 31,2012for further information on its earnings per share and stock plans.

11. Loss Contingencies

Like many industrial manufacturers, the Company is involved in asbestos-related litigation.  In continually evaluating costs relating to its estimated asbestos-related liability, the Company reviews, among other things, the incidence of past and recent claims, the historical case dismissal rate, the mix of the claimed illnesses and occupations of the plaintiffs, its recent and historical resolution of the cases, the number of cases pending against it, the status and results of broad-based settlement discussions, and the number of years such activity might continue. Based on this review, the Company has estimated its share of liability to defend and resolve probable asbestos-related personal injury claims. This estimate is highly uncertain due to the limitations of the available data and the difficulty of forecasting with any certainty the numerous variables that can affect the range of the liability. The Company will continue to study the variables in light of additional information in order to identify trends that may become evident and to assess their impact on the range of liability that is probable and estimable.

Based on actuarial information, the Company has estimated its asbestos-related aggregate liability including related legal costs to range between $8,000,000 and $13,000,000 using actuarial parameters of continued claims for a period of 18 to 30 years from December 31, 2012.  The Company's estimation of its asbestos-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $10,700,000, which has been reflected as a liability in the consolidated financial statements as of December 31, 2012. The recorded liability does not consider the impact of any potential favorable federal legislation. This liability will fluctuate based on the uncertainty in the number of future claims that will be filed and the cost to resolve those claims, which may be influenced by a number of factors, including the outcome of the ongoing broad-based settlement negotiations, defensive strategies, and the cost to resolve claims outside the broad-based settlement program. Of this amount, management expects to incur asbestos liability settlement costs and legal fees of approximately $2,000,000 over the next 12 months. Because payment of the liability is likely to extend over many years, management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period.

The Company is also involved in other unresolved legal actions that arise in the normal course of business. The most prevalent of these unresolved actions involve disputes related to product design, manufacture and performance liability. The Company's estimation of its product-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $6,400,000, which has been reflected as a liability in the consolidated financial statements as of December 31, 2012. In some cases, we cannot reasonably estimate a range of loss because there is insufficient information regarding the matter.  Management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period.

The total asbestos-related and product-related liability approximates $17,100,000 at December 31, 2012 and $20,500,000 at March 31, 2012. The decrease in these liabilities primarily resulted from the Company’s implementation of a defensive strategy that is beginning to yield a higher dismissal rate than in the past year.

12. Restructuring Charges

The Company did not incur any restructuring costs during the three and nine months ended December 31, 2012.  The Company incurred $430,000 in restructuring costs for the nine months ended December 31, 2011 primarily related to workforce reductions at one of its European facilities.  

During the three and nine months period ended December 31, 2011 the Company recognized a net gain of $1,467,000 on the sale of one of its previously closed manufacturing facilities.  These net gains were recorded as a credit to restructuring expense in both periods.

16

13. Income Taxes

Income tax expense as a percentage of income from continuing operations before income tax expense was 11% and 16% for the three month periods ended December 31, 2012 and 2011, respectively and 15% and 25% for the nine-month periods then ended, respectively.  Typically these percentages vary from the U.S. statutory rate primarily due to varying effective tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of taxable income for these subsidiaries.  We estimate that the effective tax rate related to continuing operations will be approximately 13% to 17% for fiscal 2013 based on the forecasted jurisdictional mix of taxable income.

During the fiscal year ended March 31, 2011, the Company recorded a non-cash charge of $42,983,000 included within its provision for income taxes.  This charge relates to the Company’s determination that a full valuation allowance against its deferred tax assets generated in the U.S and three of the Company’s international subsidiaries was necessary.  Accounting rules require a reduction of the carrying amounts of deferred tax assets by a valuation allowance if, based on the available and objectively verifiable evidence, it is more likely than not that such assets will not be realized.  The existence of cumulative losses for a certain threshold period is a significant form of negative evidence used in the assessment.  If a cumulative loss threshold is met, the accounting rules indicate that forecasts of future profitability are generally not sufficient positive evidence to overcome the presumption that a valuation allowance is necessary.

14. Summary Financial Information

The following information (in thousands) sets forth the condensed consolidating summary financial information of the parent and guarantors, which guarantee the 7 7/8% Senior Subordinated Notes, and the nonguarantors. The guarantors are wholly owned and the guarantees are full, unconditional, joint and several.

						Non
As of December 31, 2012	Parent			Guarantors		Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	67,255		$	-	$	44,682		$	-		$	111,937
Trade accounts receivable		37,475			3,803		37,432			-			78,710
Inventories		29,851			16,343		55,337			-			101,531
Other current assets		4,402			534		4,175			-			9,111
Total current assets		138,983			20,680		141,626			-			301,289
Property, plant, and equipment, net		34,199			11,791		14,775			-			60,765
Goodwill and other intangibles, net		40,960			31,025		48,357			-			120,342
Intercompany		(184	)		63,175		(61,728	)		(1,263	)		-
Other assets		6,400			783		26,163			-			33,346
Investment in subsidiaries		203,753			-		-			(203,753	)		-
Total assets	$	424,111		$	127,454	$	169,193		$	(205,016	)	$	515,742
Current liabilities		34,755			11,374		38,155			(1,263	)		83,021
Long-term debt, less current portion		148,345			1,731		1,150			-			151,226
Other non-current liabilities		51,551			6,782		33,702			-			92,035
Total liabilities		234,651			19,887		73,007			(1,263	)		326,282
Shareholders' equity		189,460			107,567		96,186			(203,753	)		189,460
Total liabilities and shareholders' equity	$	424,111		$	127,454	$	169,193		$	(205,016	)	$	515,742

17

For the Three months ended December 31, 2012							Non
	Parent			Guarantors			Guarantors		Eliminations			Consolidated
Net sales	$	63,278		$	34,323		$	68,439	$	(12,815	)	$	153,225
Cost of products sold		44,711			27,904			49,628		(12,815	)		109,428
Gross profit		18,567			6,419			18,811		-			43,797
Selling, general and administrative expenses		9,732			4,866			14,517		-			29,115
Amortization of intangibles		26			-			467		-			493
		9,758			4,866			14,984		-			29,608
Income from operations		8,809			1,553			3,827		-			14,189
Interest and debt expense		3,863			(532	)		82		-			3,413
Other (income) and expense, net		(991	)		(180	)		1,175		-			4
Income before income tax expense and equity in income of subsidiaries		5,937			2,265			2,570		-			10,772
Income tax expense (benefit)		250			(80	)		1,023		-			1,193
Equity in income from continuing operations of subsidiaries		3,892			-			-		(3,892	)		-
Net income	$	9,579		$	2,345		$	1,547	$	(3,892	)	$	9,579

For the Nine Months Ended December 31, 2012							Non
	Parent			Guarantors			Guarantors		Eliminations			Consolidated
Net sales	$	180,008		$	117,522		$	195,625	$	(40,445	)	$	452,710
Cost of products sold		128,941			97,740			136,451		(40,445	)		322,687
Gross profit		51,067			19,782			59,174		-			130,023
Selling, general and administrative expenses		30,061			15,997			42,594		-			88,652
Restructuring charges		-			-			-		-			-
Amortization of intangibles		73			-			1,408		-			1,481
		30,134			15,997			44,002		-			90,133
Income from operations		20,933			3,785			15,172		-			39,890
Interest and debt expense		9,961			152			305		-			10,418
Other (income) and expense, net		(1,161	)		(164	)		26		-			(1,299	)
Income before income tax expense and equity in income of subsidiaries		12,133			3,797			14,841		-			30,771
Income tax (benefit) expense		17			-			4,487		-			4,504
Equity in income from continuing operations of subsidiaries		14,151			-			-		(14,151	)		-
Net income	$	26,267		$	3,797		$	10,354	$	(14,151	)	$	26,267

18

For the Three Months Ended December 31, 2012						Non
	Parent			Guarantors		Guarantors			Eliminations			Consolidated
Net income	$	9,579		$	2,345	$	1,547		$	(3,892	)	$	9,579
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-			-		2,604			-			2,604
Change in derivatives qualifying as hedges, net of deferred tax expense		(161	)		-		23			-			(138	)
Adjustments:
Unrealized holding gain arising during the period, net of deferred tax expense		-			-		194			-			194
Reclassification adjustment for gain included in net income, net of deferred tax expense		-			-		(253	)		-			(253	)
Total adjustments		-			-		(59	)		-			(59	)
Total other comprehensive income		(161	)		-		2,568			-			2,407
Comprehensive income	$	9,418		$	2,345	$	4,115		$	(3,892	)	$	11,986

For the Nine Months Ended December 31, 2012						Non
	Parent			Guarantors		Guarantors			Eliminations			Consolidated
Net income	$	26,267		$	3,797	$	10,354		$	(14,151	)	$	26,267
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-			-		(40	)		-			(40	)
Change in derivatives qualifying as hedges, net of deferred tax expense		(118	)		-		(208	)		-			(326	)
Adjustments:		-			-		-			-			-
Unrealized holding gain arising during the period, net of deferred tax expense		-			-		489			-			489
Reclassification adjustment for gain included in net income, net of deferred tax expense		-			-		(400	)		-			(400	)
Total adjustments		-			-		89			-			89
Total other comprehensive income (loss)		(118	)		-		(159	)		-			(277	)
Comprehensive income	$	26,149		$	3,797	$	10,195		$	(14,151	)	$	25,990

19

For the Nine Months Ended December 31, 2012							Non
	Parent			Guarantors			Guarantors			Eliminations		Consolidated
Operating activities:
Net cash provided by (used for) operating activities	$	15,908		$	(1,715	)	$	12,094		$	-	$	26,287
Investing activities:
Purchase of marketable securities, net		-			-			2,183			-		2,183
Capital expenditures		(4,683	)		(445	)		(2,011	)		-		(7,139	)
Proceeds from sale of assets		-			2,357			-			-		2,357
Net cash (used for) provided by investing activities		(4,683	)		1,912			172			-		(2,599	)
Financing activities:
Proceeds from stock options exercised		232			-			-			-		232
Net payments under lines-of-credit		-			-			(52	)		-		(52	)
Other		(160	)		(202	)		(596	)		-		(958	)
Net cash provided by (used for) financing activities		72			(202	)		(648	)		-		(778	)
Effect of exchange rate changes on cash		-			-			(446	)		-		(446	)
Net change in cash and cash equivalents		11,297			(5	)		11,172			-		22,464
Cash and cash equivalents at beginning of period		55,958			5			33,510			-		89,473
Cash and cash equivalents at end of period	$	67,255		$	-		$	44,682		$	-	$	111,937

20

						Non
As of March 31, 2012	Parent			Guarantors		Guarantors			Eliminations			Consolidated
Current assets:
Cash and cash equivalents	$	55,958		$	5	$	33,510		$	-		$	89,473
Trade accounts receivable		44,375			5,579		38,688			-			88,642
Inventories		29,161			20,087		61,347			(2,540	)		108,055
Prepaid expenses		5,398			502		4,004			545			10,449
Total current assets		134,892			26,173		137,549			(1,995	)		296,619
Property, plant, and equipment, net		32,679			13,050		15,980			-			61,709
Goodwill and other intangibles, net		40,906			31,025		50,295			-			122,226
Intercompany		(41,502	)		102,471		(61,149	)		180			-
Other non-current assets		6,449			784		27,620			-			34,853
Investment in subsidiaries		228,138			-		-			(228,138	)		-
Total assets	$	401,562		$	173,503	$	170,295		$	(229,953	)	$	515,407
		-			-		-			-			-
Current liabilities	$	37,480		$	18,772	$	49,472		$	(1,815	)	$	103,909
Long-term debt, less current portion		148,140			1,961		1,788			-			151,889
Other non-current liabilities		55,476			6,842		36,825			-			99,143
Total liabilities		241,096			27,575		88,085			(1,815	)		354,941
Shareholders' equity		160,466			145,928		82,210			(228,138	)		160,466
Total liabilities and shareholders' equity	$	401,562		$	173,503	$	170,295		$	(229,953	)	$	515,407

For the Three months ended December 31, 2011							Non
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net sales	$	55,631		$	34,900		$	65,124		$	(12,905	)	$	142,750
Cost of products sold		40,354			30,007			46,691			(12,905	)		104,147
Gross profit		15,277			4,893			18,433			-			38,603
Selling, general and administrative expenses		9,357			5,004			13,224			-			27,585
Amortization of intangibles		28			-			457			-			485
		7,918			5,004			13,681			-			26,603
Income from operations		7,359			(111	)		4,752			-			12,000
Interest and debt expense		2,862			642			86			-			3,590
Other (income) and expense, net		(180	)		15			(1,606	)		-			(1,771	)
Income before income tax expense and equity in income of subsidiaries		4,677			(768	)		6,272			-			10,181
Income tax expense		(807	)		-			2,473			-			1,666
Equity in income from continuing operations of subsidiaries		3,031			-			-			(3,031	)		-
Net income	$	8,515		$	(768	)	$	3,799		$	(3,031	)	$	8,515

21

For the Nine Months Ended December 31, 2011						Non
	Parent			Guarantors		Guarantors			Eliminations			Consolidated
Net sales	$	159,172			121,760		191,495			(40,054	)	$	432,373
Cost of products sold		118,157			105,425		135,369			(40,054	)		318,897
Gross profit		41,015			16,335		56,126			-			113,476
Selling, general and administrative expenses		26,150			14,756		40,565			-			81,471
Restructuring charges		(1,455	)		-		418			-			(1,037	)
Amortization of intangibles		82			-		1,433			-			1,515
		24,777			14,756		42,416			-			81,949
Income from operations		16,238			1,579		13,710			-			31,527
Interest and debt expense		9,340			1,048		263			-			10,651
Other (income) and expense, net		(586	)		33		(2,030	)		-			(2,583	)
Income from continuing operations before income tax expense and equity in income of subsidiaries		7,484			498		15,477			-			23,459
Income tax expense		557			169		5,172			-			5,898
Equity in income from continuing operations of subsidiaries		10,634			-		-			(10,634	)		-
Income from continuing operations		17,561			329		10,305			(10,634	)		17,561
Gain from discontinued operations		409			-		-			-			409
Net income	$	17,970			329		10,305			(10,634	)	$	17,970

For the Three Months Ended December 31, 2011							Non
	Parent			Guarantors			Guarantors			Eliminations			Consolidated
Net income	$	8,515		$	(768	)	$	3,799		$	(3,031	)	$	8,515
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-			-			(3,597	)		-			(3,597	)
Change in derivatives qualifying as hedges, net of deferred tax expense		(82	)		-			46			-			(36	)
Adjustments:
Unrealized holding loss arising during the period, net of deferred tax expense		-			-			610			-			610
Reclassification adjustment for gain included in net income, net of deferred tax expense		-			-			32			-			32
Total adjustments		-			-			642			-			642
Total other comprehensive income (loss)		(82	)		-			(2,909	)		-			(2,991	)
Comprehensive income (loss)	$	8,433		$	(768	)	$	890		$	(3,031	)	$	5,524

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For the Nine Months Ended December 31, 2011						Non
	Parent			Guarantors		Guarantors			Eliminations			Consolidated
Net income	$	17,970		$	329	$	10,305		$	(10,634	)	$	17,970
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-			-		(8,047	)		-			(8,047	)
Change in derivatives qualifying as hedges, net of deferred tax expense		(10	)		-		46			-			36
Adjustments:
Unrealized holding loss arising during the period, net of deferred tax expense		-			-		198			-			198
Reclassification adjustment for gain included in net income, net of deferred tax expense		-			-		157			-			157
Total adjustments		-			-		355			-			355
Total other comprehensive income (loss)		(10	)		-		(7,646	)		-			(7,656	)
Comprehensive income	$	17,960		$	329	$	2,659		$	(10,634	)	$	10,314

For the Nine Months Ended December 31, 2011							Non
	Parent			Guarantors			Guarantors			Eliminations		Consolidated
Operating activities:
Net cash provided by (used for) operating activities	$	8,044		$	2,942		$	2,477		$	-	$	13,463
Investing activities:
Purchase of marketable securities, net		-			-			1,244			-		1,244
Capital expenditures		(8,553	)		(702	)		(1,209	)		-		(10,464	)
Proceeds from sale of real estate, net		1,971			-			-			-		1,971
Purchase of business, net of cash acquired		-			-			(3,356	)		-		(3,356	)
Net cash provided by investing activities from discontinued operations		409			-			-			-		409
Net cash used for investing activities		(6,173	)		(702	)		(3,321	)		-		(10,196	)
Financing activities:
Proceeds from stock options exercised		1,733			-			-			-		1,733
Net payments under lines-of-credit		-			-			(238	)		-		(238	)
Other		324			(177	)		(311	)		-		(164	)
Net cash provided by (used for) financing activities		2,057			(177	)		(549	)		-		1,331
Effect of exchange rate changes on cash		-			-			(2,704	)		-		(2,704	)
Net change in cash and cash equivalents		3,928			2,063			(4,097	)		-		1,894
Cash and cash equivalents at beginning of period		45,954			7			34,178			-		80,139
Cash and cash equivalents at end of period	$	49,882		$	2,070		$	30,081		$	-	$	82,033

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15. Effects of New Accounting Pronouncements

In October 2012, the FASB issued ASU No. 2012-04, “Technical Corrections and Improvements” which amends a wide variety of Topics in the FASB Accounting Standards Codification ("Codification”). The amendments in ASU No. 2012-04 represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice. The adoption of ASU 2012-04 in fiscal 2013 did not have a significant impact on the Company’s condensed consolidated financial statements.

In August 2012, the FASB issued ASU No. 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)”. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 did not have a significant impact on the Company’s condensed consolidated financial statements.

In July 2012, the FASB issued ASU No. 2012-02, which updated the guidance in ASC Topic 350, Intangibles – Goodwill and Other. The amendments in this Update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not, the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The amendments are not expected to have an impact on our financial condition or results of operations.

In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income (“ASU 2011-05”), effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.  The issuance of ASU 2011-5 is intended to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income.  The guidance in ASU 2011-5 supersedes the presentation options in ASC Topic 220 and facilitates convergence of U.S. generally accepted accounting principles and International Financial Reporting Standards by eliminating the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity and requiring that all nonowner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The adoption of ASU 2011-05 in fiscal 2013 did not have a significant impact on the Company’s condensed consolidated financial statements.

In May 2011 the FASB issued ASU No. 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in US GAAP and International Financial Reporting Standards (“IFRS”) (“ASU 2011-04”).  ASU 2011-04 represents the converged guidance of the FASB and the International Accounting Standards Board (the “Boards”) on fair value measurements.  The collective efforts of the Boards and their staffs, reflected in ASU 2011-04, have resulted in common requirements for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning of the term “fair value.” The Boards have concluded the common requirements will result in greater comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with GAAP and IFRS.  The amendments in this ASU are required to be applied prospectively, and are effective for interim and annual periods beginning after December 15, 2011.  The adoption of ASU 2011-04 in fiscal 2013 did not have a significant impact on the Company’s condensed consolidated financial statements.

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Item 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF RESULTS OF OPERATIONS AND FINANCIAL CONDITION

Executive Overview

We are a leading worldwide designer, manufacturer and marketer of material handling products, systems and services which efficiently and safely move, lift, position and secure material. Key products include hoists, actuators, cranes and rigging tools. The Company is focused on serving commercial and industrial applications that require the safety and quality provided by the Company’s superior design and engineering know-how.

Founded in 1875, we have grown to our current size and leadership position through organic growth and acquisitions. We developed our leading market position over our 137-year history by emphasizing technological innovation, manufacturing excellence and superior after-sale service. In addition, acquisitions significantly broadened our product lines and services and expanded our geographic reach, end-user markets and customer base. Ongoing initiatives include improving our productivity and increasing penetration of the Asian, Latin American and European marketplaces. In accordance with our strategy, we have been investing in our sales and marketing activities, new product development and “Lean” efforts across the Company. Shareholder value will be enhanced through continued emphasis on improvement of the fundamentals including market expansion, a high degree of customer satisfaction, new product development, manufacturing efficiency, cost containment, and efficient capital investment.

Over the course of our history, we have managed through many business cycles and our solid cash flow profile has helped us grow and expand globally. We stand with a capital structure which includes sufficient cash reserves, significant revolver availability with an expiration of October 31, 2017, fixed-rate long-term debt which expires in 2019 and a solid cash flow business profile.

Additionally our revenue base is now more geographically diverse than at any time in our Company’s history, with approximately 44% derived from customers outside the U.S. for the nine months ended December 31, 2012. We believe this will help balance the impact of changes that will occur in local economies as well as benefit the Company from growth in emerging markets.  As in the past, we monitor both U.S. and Eurozone Industrial Capacity Utilization statistics as indicators of anticipated demand for our product. Since their June 2009 trough, these statistics have improved over the last several years but have recently declined in the Eurozone.  In addition, we continue to monitor the potential impact of other global and U.S. trends including industrial production, energy costs, steel price fluctuations, interest rates, foreign currency exchange rates and activity of end-user markets around the globe.

From a strategic perspective, we are investing in global markets and new products as we focus on our greatest opportunities for growth. We maintain a strong North American market share with significant leading market positions in hoists, lifting and sling chain, forged attachments and actuators. We seek to maintain and enhance our market share by focusing our sales and marketing activities toward select North American and global market sectors including energy, construction, entertainment, mining and food processing.

Regardless of the economic climate and point in the economic cycle, we constantly explore ways to increase our operating margins as well as further improve our productivity and competitiveness. We have specific initiatives related to improved customer satisfaction, reduction of defects, shortened lead times, improved inventory turns and on-time deliveries, reduction of warranty costs, and improved working capital utilization. The initiatives are being driven by the continued implementation of our “Lean” efforts which are fundamentally changing our manufacturing and business processes to be more responsive to customer demand and improving on-time delivery and productivity. In addition to “Lean,” we are working to achieve these strategic initiatives through product simplification, the creation of centers of excellence, and improved supply chain management.

We continuously monitor market prices of steel. We purchase approximately $30,000,000 to $40,000,000 of steel annually in a variety of forms including rod, wire, bar, structural and others. Generally, as we experience fluctuations in our costs, we reflect them as price increases or surcharges to our customers with the goal of being margin neutral. Some of our steel costs have increased during this year as a result of higher scrap and alloy surcharges.

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We are also looking for opportunities for growth via strategic acquisitions or joint ventures. The focus of our acquisition strategy centers on opportunities for non-U.S. market penetration and product line expansion in alignment with our existing core product offering.

We operate in a highly competitive and global business environment. We face a variety of opportunities in those markets and geographies, including trends toward increased utilization of the global labor force and the expansion of market opportunities in Asia and other emerging markets. While we continue to execute our long-term growth strategy, we are supported by our solid capital structure, including our cash position and flexible cost base. We are also aggressively addressing costs and restructuring opportunities to enhance future margin opportunities.

Results of Operations

Three and Nine Months Ended December 31, 2012 and December 31, 2011

Net sales in the fiscal 2013 quarter ended December 31, 2012 were $153,225,000, up $10,475,000 or 7.3% from the fiscal 2012 quarter ended December 31, 2011 net sales of $142,750,000. Net sales for the nine month period ended December 31, 2012 were $452,710,000, up $20,337,000 or 4.7% from the nine months ended December 31, 2011 net sales of $432,373,000.  For the three months ended December 31, 2012 net sales were positively impacted $6,491,000 by volume and mix of products sold, $4,922,000 by two additional shipping days and $3,757,000 by price increases. Sales for the quarter were negatively impacted by $2,647,000 due to net acquisition and divestiture activity and $2,048,000 due to foreign currency translation.  For the nine months ended December 31, 2012 net sales were positively impacted $25,203,000 by volume and mix of products sold, $12,895,000 by price increases, and $2,581,000 by one additional shipping day.  Net sales were negatively impacted $4,026,000 by net acquisition and divestiture activity and $16,316,000 by the impact of currency translation.

Gross profit in the fiscal 2013 quarter ended December 31, 2012 was $43,797,000, an increase of $5,194,000 or 13.5% from the fiscal 2012 quarter ended December 31, 2011 gross profit of $38,603,000. Gross profit margin increased to 28.6% in the fiscal 2013 quarter from 27.0% in the fiscal 2012 quarter. Gross profit in the nine month period ended December 31, 2012 was $130,023,000, up $16,547,000 or 14.6% from the nine month period ended December 31, 2011 gross profit of $113,476,000. Gross profit margin for the nine month period ending December 31, 2012 increased to 28.7% compared to 26.2% for the nine month period ending December 31, 2011.

For the quarter ended December 31, 2012 the increase in gross profit was due to $3,757,000 in price increases, $2,571,000 in increased volume and the impact of product sales mix, $840,000 from net acquisition and divestiture activity, and $586,000 of lower product liability expense, offset by material inflation of $1,496,000 and unfavorable productivity of $479,000. The translation of foreign currencies had a $585,000 negative impact on gross profit in the fiscal 2013 quarter.  For the nine months ended December 31, 2012 the increase in gross profit was due to $12,895,000 in price increases, $6,383,000 in increased volume and the impact of product sales mix, $4,303,000 in increased productivity, $1,874,000 from net acquisition and divestiture activity and $1,456,000 of lower product liability expense offset by material inflation of $5,244,000. The translation of foreign currencies had a $5,120,000 negative impact on gross profit in fiscal 2013.

Selling expenses were $16,390,000 and $15,980,000 for the three months ended December 31, 2012 and 2011, respectively. Selling expenses were $49,204,000 and $47,515,000 for the nine months ended December 31, 2012 and 2011, respectively. For the three and nine months ended December 31, 2012 the increase was consistent with the overall increase in sales volume along with increased selling costs in developing new markets. Additionally, foreign currency translation had a $383,000 and $2,485,000 positive impact on selling expenses for the three and nine months ended December 31, 2012, respectively.  As a percentage of consolidated net sales, selling expenses were 10.7% and 11.2% for the three months ended December 31, 2012 and 2011, respectively and 10.9% and 11.0% for the nine month periods then ended, respectively.

General and administrative expenses were $12,725,000 and $11,605,000 for the three month periods ended December 31, 2012 and 2011, respectively. General and administrative expenses were $39,448,000 and $33,956,000 for the nine months ended December 31, 2012 and 2011.  For the three months ended December 31, 2012, the increase in general and administrative expense was primarily the result of higher pension costs and investments for growth in the Asia Pacific region as well as general inflationary increases.  For the nine months ended December 31, 2012 the increase in general and administrative expenses was primarily the result of investments in the Company’s ERP system implementation, increased benefit costs including pension, group health, and relocation, as well as general inflationary increases. Foreign currency translation had a $169,000 and $1,199,000 favorable impact on general and administrative expense for the three and nine month periods ended December 31, 2012. As a percentage of consolidated net sales, general and administrative expenses were 8.3% and 8.1% for the three month periods ended December 31, 2012 and 2011, respectively and 8.7% and 7.9% for the nine month periods then ended, respectively.

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The Company did not incur any restructuring costs during the three and nine months ended December 31, 2012.  The Company incurred $430,000 in restructuring costs for the nine months ended December 31, 2011 primarily related to workforce reductions at one of its European facilities.

During the three and nine months period ended December 31, 2011 the Company recognized a net gain of $1,467,000 on the sale of one of its previously closed manufacturing facilities.  These net gains were recorded as a credit to restructuring expense in both periods.

There were no significant changes in amortization of intangibles for the three and nine months ended December 31, 2012 compared to the three and nine months ended December 31, 2011 other than the impact of foreign currency translation.  Amortization of intangibles was $493,000 and $485,000 for the three months ended December 31, 2012 and 2011, respectively and $1,481,000 and $1,515,000 for the nine month periods then ended, respectively.

Interest and debt expense was $3,413,000 and $3,590,000 for the three months ended December 31, 2012 and 2011, respectively and $10,418,000 and $10,651,000 for the nine month periods then ended, respectively.

Income tax expense as a percentage of income from continuing operations before income tax expense was 11% and 16% for the three month periods ended December 31, 2012 and 2011, respectively and 15% and 25% for the nine-month periods then ended, respectively. These percentages vary from the U.S. statutory rate primarily due to varying effective tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of taxable income for these subsidiaries. We estimate that the effective tax rate related to continuing operations will be approximately 13% to 17% for fiscal 2013 based on the forecasted jurisdictional mix of taxable income. This percentage could change if conditions are met to reverse the deferred tax asset valuation allowance.

Liquidity and Capital Resources

Cash and cash equivalents totaled $111,937,000 at December 31, 2012, an increase of $22,464,000 from the March 31, 2012 balance of $89,473,000.

Cash flow provided by operating activities

Net cash provided by operating activities was $26,287,000 for the nine months ended December 31, 2012 compared with net cash provided by operating activities of $13,463,000 for the nine months ended December 31, 2011. The net cash provided by operating activities for the nine months ended December 31, 2012 consisted of $26,267,000 in net income, which was largely due to higher gross profit, and a decrease in inventories and trade accounts receivable of $4,129,000 and $9,330,000 respectively, offset by a decrease in trade accounts payable and accrued and non-current liabilities of $8,835,000 and $16,212,000 respectively. The reduction in accrued and non-current liabilities was due to payment of the annual incentive compensation as well as a net decrease in customer deposits and sales rebates earned in fiscal year 2012 and paid in fiscal 2013.

Net cash provided by operating activities was $13,463,000 for the nine months ended December 31, 2011. The net cash provided by operating activities for the nine months ended December 31, 2011 was primarily the result of net income from continuing operations of $17,970,000 offset largely by an increase in inventories of $14,011,000. The increase in inventory was primarily to meet increasing sales volume and expected future customer demand.

Cash flow provided by investing activities

Net cash used by investing activities was $2,599,000 for the nine months ended December 31, 2012 compared with net cash used by investing activities of $10,196,000 for the nine months ended December 31, 2011. The net cash used by investing activities for the nine months ended December 31, 2012 primarily consisted of $7,139,000 in capital expenditures (of which $2,174,000 relates to implementation of our global ERP system) partially offset by $2,357,000 in proceeds from the sale of assets and $2,183,000 in net proceeds from the sale of marketable equity securities.

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Net cash used by investing activities was $10,196,000 for the nine months ended December 31, 2011. The net cash used by investing activities for the nine months ended December 31, 2011 was primarily the result of $10,464,000 in capital expenditures (of which $4,651,000 related to the implementation of our global ERP system).

Cash flow provided by financing activities

Net cash used by financing activities was $778,000 for the nine months ended December 31, 2012 compared with net cash provided by financing activities of $1,331,000 for the nine months ended December 31, 2011. The net cash provided by financing activities for the nine months ended December 31, 2011 included $1,733,000 of proceeds from exercises of stock options.

We believe that our cash on hand, cash flows, and borrowing capacity under our Revolving Credit Facility will be sufficient to fund our ongoing operations and budgeted capital expenditures for at least the next twelve months. This belief is dependent upon successful execution of our current business plan and effective working capital utilization. No material restrictions exist in accessing cash held by our non-U.S. subsidiaries.  Additionally we expect to meet our U.S. funding needs without repatriating non-U.S. cash and incurring the incremental U.S. taxes. As of December 31, 2012, $44,413,000 of cash and cash equivalents were held by foreign subsidiaries.

The Company entered into a fifth amended, restated and expanded revolving credit facility on October 19, 2012 (New Revolving Credit Facility). The New Revolving Credit Facility provides availability up to a maximum of $100,000,000 and expires October 31, 2017.

The unused portion of the Revolving Credit Facility totalled $88,530,000, net of outstanding borrowings of $0 and outstanding letters of credit of $11,470,000, as of December 31, 2012. The outstanding letters of credit at December 31, 2012 consisted of $2,362,000 in commercial letters of credit and $9,108,000 of standby letters of credit.

Provided there is no default, the Company may request an increase in the availability of the New Revolving Credit Facility by an amount not exceeding $75,000,000, subject to lender approval. Interest on the revolver is payable at varying Eurodollar rates based on LIBOR plus an applicable margin of 100 basis points or at a Base Rate (equivalent to a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.”) plus 0 basis points.  The applicable margin is determined based on the pricing grid in the New Revolving Credit Facility which varies based on the Company’s total leverage ratio at December 31, 2012.  The New Revolving Credit Facility is secured by all U.S. inventory, receivables, equipment, real property, subsidiary stock (limited to 65% of non-U.S. subsidiaries) and intellectual property.

The corresponding credit agreement associated with the New Revolving Credit Facility places certain debt covenant restrictions on the Company, including certain financial requirements and restrictions on dividend payments, with which we are in compliance as of December 31, 2012.  Key financial covenants include a minimum fixed charge coverage ratio of 1.25x, a maximum total leverage ratio, net of cash, of 3.50x and maximum annual capital expenditures of $30,000,000.

As of March 31, 2012, we had an amended, restated and expanded revolving credit facility dated December 31, 2009 (Revolving Credit Facility). The Revolving Credit Facility provided availability up to a maximum of $85,000,000. The Revolving Credit Facility was replaced by the New Revolving Credit Facility on October 19, 2012.

During the fourth quarter of fiscal year 2011, the Company refinanced its 8 7/8% Notes through the issuance of $150,000,000 principal amount of 7 7/8% Senior Subordinated Notes due 2019 in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (“Unregistered 7 7/8% Notes”).  The proceeds from the sale of the Unregistered 7 7/8% Notes were used to repurchase or redeem all of the outstanding 8 7/8% Notes amounting to $124,855,000 and to fund working capital and other corporate activities.  The offering price of the Unregistered 7 7/8% Notes was 98.545% after adjustment for the original issue discount.  Provisions of the Unregistered 7 7/8% Notes include, without limitation, restrictions on indebtedness, asset sales, and dividends and other restrictive payments.  Until February 1, 2014, the Company may redeem up to 35% of the outstanding Unregistered 7 7/8% Notes at a redemption price of 107.875% with the proceeds of equity offerings, subject to certain restrictions.    On or after February 1, 2015, the Unregistered 7 7/8% Notes are redeemable at the option of the Company, in whole or in part, at a redemption price of 103.938%, reducing to 100% on February 1, 2017. In the event of a Change of Control (as defined in the indenture for such notes), each holder of the Unregistered 7 7/8% Notes may require us to repurchase all or a portion of such holder’s Unregistered 7 7/8% Notes at a purchase price equal to 101% of the principal amount thereof. The Unregistered 7 7/8% Notes are guaranteed by certain existing and future U.S. subsidiaries and are not subject to any sinking fund requirements.

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During the first quarter of fiscal year 2012, the Company exchanged its $150,000,000 outstanding Unregistered       7 7/8% Notes for a like principal amount of 7 7/8% Senior Subordinated Notes due 2019 registered under the Securities Act of 1933, as amended (“7 7/8% Notes”).  All of the Unregistered 7 7/8% Notes were exchanged in the transaction.  The 7 7/8% Notes contain identical terms and provisions as the Unregistered 7 7/8% Notes.

Our capital lease obligations related to property and equipment leases amounted to $3,989,000 at December 31, 2012. Capital lease obligations are included in senior debt in the consolidated balance sheets.

Unsecured and uncommitted lines of credit are available to meet short-term working capital needs for certain of our subsidiaries operating outside of the U.S. The lines of credit are available on an offering basis, meaning that transactions under the line of credit will be on such terms and conditions, including interest rate, maturity, representations, covenants and events of default, as mutually agreed between our subsidiaries and the local bank at the time of each specific transaction. As of December 31, 2012, significant unsecured credit lines totaled approximately $8,126,000, of which $0 was drawn. In addition to the above facilities, one of our foreign subsidiaries has a credit line secured by a parent company guarantee. This credit line provides availability of up to $963,000, of which $0 was drawn as of December 31, 2012.

Capital Expenditures

In addition to keeping our current equipment and plants properly maintained, we are committed to replacing, enhancing and upgrading our property, plant and equipment to support new product development, improve productivity and customer responsiveness, reduce production costs, increase flexibility to respond effectively to market fluctuations and changes, meet environmental requirements, enhance safety and promote ergonomically correct work stations. Consolidated capital expenditures for the nine months ended December 31, 2012 and December 31, 2011 were $7,139,000 and $10,464,000, respectively. We expect capital spending for fiscal 2013 to be approximately $12,000,000 to $15,000,000 compared with $13,765,000 in fiscal 2012.

Inflation and Other Market Conditions

Our costs are affected by inflation in the U.S. economy and, to a lesser extent, in non-U.S. economies including those of Europe, Canada, Mexico, South America, and Asia Pacific. We have been impacted by fluctuations in steel costs, which vary by type of steel and we continue to monitor them and address our pricing policies accordingly. In addition, U.S. employee benefits costs such as health insurance and pension, as well as energy costs have exceeded general inflation levels. Otherwise, we do not believe that general inflation has had a material effect on results of operations over the periods presented primarily due to overall low inflation levels over such periods and our ability to generally pass on rising costs through price increases or surcharges.  In the future, we may be further affected by inflation that we may not be able to offset with price increases or surcharges. Additionally, we are impacted by fluctuations in currency exchange rates which are primarily translational, but transactional fluctuations could also impact our financial results.

Goodwill Impairment Testing

We test goodwill for impairment at least annually and more frequently whenever events occur or circumstances change that indicate there may be impairment.  These events or circumstances could include a significant long-term adverse change in the business climate, poor indicators of operating performance, or a sale or disposition of a significant portion of a reporting unit.

We test goodwill at the reporting unit level, which is one level below our operating segment.  We identify our reporting units by assessing whether the components of our operating segment constitute businesses for which discrete financial information is available and segment management regularly reviews the operating results of those components.  We also aggregate components that have similar economic characteristics into single reporting units (for example, similar products and / or services, similar long-term financial results, product processes, classes of customers, etc.). We have four reporting units, only two of which have goodwill. Our Duff Norton reporting unit and Rest of Products reporting unit had goodwill totalling $9,807,000 and $96,254,000 at December 31, 2012, respectively.

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When we evaluate the potential for goodwill impairment, we assess a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for our products and services, regulatory and political developments, entity specific factors such as strategy and changes in key personnel and overall financial performance. If, after completing this assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value, we proceed to a two-step impairment test.

In order to perform the two-step impairment test, we use the discounted cash flow method to estimate the fair value of each of our reporting units. The discounted cash flow method incorporates various assumptions, the most significant being projected revenue growth rates, operating profit margins and cash flows, the terminal growth rate and the discount rate. Management projects revenue growth rates, operating margins and cash flows based on each reporting unit’s current business, expected developments and operational strategies over a five-year period. In estimating the terminal growth rate, we consider our historical and projected results, as well as the economic environment in which our reporting units operate. The discount rates utilized for each reporting unit reflect management’s assumptions of marketplace participants’ cost of capital and risk assumptions, both specific to the reporting unit and overall in the economy.

We currently do not believe that it is more likely than not that the fair value of each of our reporting units is less than that its applicable carrying value. Additionally, we currently do not believe that we have any significant impairment indicators or that any of our reporting units with goodwill are at risk of failing Step One of the goodwill impairment test. However if the projected long-term revenue growth rates, profit margins, or terminal rates are significantly lower, and/or the estimated weighted-average cost of capital is considerably higher, future testing may indicate impairment of one or more of the Company’s reporting units and, as a result, the related goodwill may be impaired.

Deferred Tax Asset Valuation Allowance

During the fiscal year ended March 31, 2011, the Company recorded a non-cash charge of $42,983,000 included within its provision for income taxes. The balance of the valuation allowance at March 31, 2012 was $53,325,000. This charge related to the Company’s determination that a full valuation allowance against its deferred tax assets generated in the U.S. was necessary. The deferred tax assets relate principally to liabilities related to employee benefit plans, insurance reserves, U.S. tax credits, and U.S. net operating loss (“NOL”) carryforwards. The U.S. NOL carryforwards have been generated primarily as a result of restructuring costs in fiscal years 2010 and 2011. Accounting rules require a reduction of the carrying amounts of deferred tax assets by a valuation allowance if, based on the available and objectively verifiable evidence, it is more likely than not that such assets will not be realized. The existence of cumulative losses for a certain threshold period is a significant form of negative evidence used in the assessment. During the third quarter ended December 31, 2010, the Company determined that it would be in a three-year cumulative pretax loss position in the U.S. at March 31, 2011 primarily due to restructuring-related charges incurred in the U.S. to-date in fiscal 2011, despite our expectations of future profitability. If a cumulative loss threshold is met, the accounting rules indicate that forecasts of future profitability are generally not sufficient positive evidence to overcome the presumption that a valuation allowance is necessary.

The recording of this non-cash charge does not impact the Company’s ability to realize the economic benefit of its deferred tax assets (including those related to NOL carryforwards) amounting to $58,226,000 on a gross basis at March 31, 2012 on future tax returns. In future periods, the allowance could be reduced or reversed based on sufficient objectively verifiable evidence indicating that it is more likely than not that a portion or all of the Company’s deferred tax assets will be realized.

The Internal Revenue Code imposes limitations on a corporation’s ability to utilize NOLs if it experiences an “ownership change.” In general terms, an ownership change may result from transactions increasing the ownership of certain stockholders in the stock of a corporation by more than 50 percentage points over a three year period. If we were to experience an ownership change, utilization of our NOLs would be subject to an annual limitation determined by multiplying the market value of our outstanding shares of stock at the time of the ownership change by the applicable long-term tax-exempt rate. Any unused annual limitation may be carried over to later years within the allowed NOL carryforward period. The amount of the limitation may, under certain circumstances, be increased or decreased by built-in gains or losses held by us at the time of the change that are recognized in the five-year period after the change.

30

Seasonality and Quarterly Results

Quarterly results may be materially affected by the timing of large customer orders, periods of high vacation and holiday concentrations, gains or losses on early retirement of bonds, gains or losses in our portfolio of marketable securities, restructuring charges, favorable or unfavorable foreign currency translation, divestitures and acquisitions. Therefore, the operating results for any particular fiscal quarter are not necessarily indicative of results for any subsequent fiscal quarter or for the full fiscal year.

Effects of New Accounting Pronouncements

In October 2012, the FASB issued ASU No. 2012-04, “Technical Corrections and Improvements” which amends a wide variety of Topics in the FASB Accounting Standards Codification ("Codification”). The amendments in ASU No. 2012-04 represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice. The adoption of ASU 2012-04 in fiscal 2013 did not have a significant impact on the Company’s condensed consolidated financial statements.

In August 2012, the FASB issued ASU No. 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)”. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 did not have a significant impact on the Company’s condensed consolidated financial statements.

In July 2012, the FASB issued ASU No. 2012-02, which updated the guidance in ASC Topic 350, Intangibles – Goodwill and Other. The amendments in this Update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not, the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The amendments are not expected to have an impact on our financial condition or results of operations.

In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income (“ASU 2011-05”), effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.  The issuance of ASU 2011-5 is intended to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income.  The guidance in ASU 2011-5 supersedes the presentation options in ASC Topic 220 and facilitates convergence of U.S. generally accepted accounting principles and International Financial Reporting Standards by eliminating the option to present components of other comprehensive income as part of the statement of changes in stockholders’ equity and requiring that all nonowner changes in stockholders’ equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The adoption of ASU 2011-05 in fiscal 2013 did not have a significant impact on the Company’s condensed consolidated financial statements.

In May 2011 the FASB issued ASU No. 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in US GAAP and International Financial Reporting Standards (“IFRS”) (“ASU 2011-04”).  ASU 2011-04 represents the converged guidance of the FASB and the International Accounting Standards Board (the “Boards”) on fair value measurements.  The collective efforts of the Boards and their staffs, reflected in ASU 2011-04, have resulted in common requirements for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning of the term “fair value.” The Boards have concluded the common requirements will result in greater comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with GAAP and IFRS.  The amendments in this ASU are required to be applied prospectively, and are effective for interim and annual periods beginning after December 15, 2011.  The adoption of ASU 2011-04 in fiscal 2013 did not have a significant impact on the Company’s condensed consolidated financial statements.

31

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

This report may include “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that could cause our actual results to differ materially from the results expressed or implied by such statements, including general economic and business conditions, conditions affecting the industries served by us and our subsidiaries, conditions affecting our customers and suppliers, competitor responses to our products and services, the overall market acceptance of such products and services, facility consolidations and other restructurings, our asbestos-related liability, the integration of acquisitions and other factors disclosed in our periodic reports filed with the Commission. Consequently such forward-looking statements should be regarded as our current plans, estimates and beliefs. We do not undertake and specifically decline any obligation to publicly release the results of any revisions to these forward-looking statements that may be made to reflect any future events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

32

Item 3. Quantitative and Qualitative Disclosures About Market Risk

There have been no material changes in the market risks since the end of Fiscal 2012.

Item 4. Controls and Procedures

As of December 31, 2012, an evaluation was performed under the supervision and with the participation of the Company’s management, including the chief executive officer and chief financial officer, of the effectiveness of the design and operation of the Company’s disclosure controls and procedures. Based on that evaluation, the Company’s management, including the chief executive officer and chief financial officer, concluded that the Company’s disclosure controls and procedures were effective as of December 31, 2012, to ensure that information required to be disclosed in reports filed or submitted under the Exchange Act is made known to them on a timely basis, and that these disclosure controls and procedures are effective to ensure such information is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms.

There have been no changes in the Company’s internal control over financial reporting during the most recent quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

33

Part II. Other Information

Item 1. Legal Proceedings – none.

Item 1A. Risk Factors

There have been no material changes from the risk factors as previously disclosed in the Company’s Form 10-K for the year ended March 31, 2012.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds – none.

Item 3. Defaults upon Senior Securities – none.

Item 4. Mine Safety Disclosures – Not applicable

Item 5. Other Information – none.

Item 6. Exhibits

Exhibit 31.1 Certification of Chief Executive Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934; as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 31.2 Certification of Chief Financial Officer pursuant to Rule 13a-14(a)/15d-14(a) of the Securities Exchange Act of 1934; as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

Exhibit 32 Certification pursuant to 18 U.S.C. Section 1350 as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

Exhibit 101* The following financial statements from the Company’s Quarterly Report on Form 10-Q for the quarter and nine months ended December 31, 2012, formatted in XBRL, as follows:

(i) Condensed Consolidated Balance Sheets for December 31, 2012 and March 31, 2012;

(ii) Condensed Consolidated Statements of Operations and Retained Earnings (Accumulated Deficit) for the three and nine months ended December 31, 2012 and 2011;

(iii) Condensed Consolidated Statements of Cash Flows for the nine months ended December 31, 2012 and 2011;

(iv) Condensed Consolidated Statements of Comprehensive Income (Loss) for the three and nine months ended December 31, 2012 and 2011; and

(v) Notes to Consolidated Condensed Financial Statements for the nine months ended December 31, 2012.

*Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Section 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.

34

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

	COLUMBUS McKINNON CORPORATION
	(Registrant)
Date: January 25, 2013	/s/   GREGORY P. RUSTOWICZ
	Gregory P. Rustowicz
	Chief Financial Officer
	(Principal Financial Officer)

35

EX-31.1

Exhibit 31.1

CERTIFICATION

I, Timothy T. Tevens, Chief Executive Officer, certify that:

1. I have reviewed this report on Form 10-Q of Columbus McKinnon Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: January 25, 2013

/s/ Timothy T. Tevens

Timothy T. Tevens

Chief Executive Officer

(Principal Executive Officer)

EX-31.2

Exhibit 31.2

CERTIFICATION

I, Gregory P. Rustowicz, Chief Financial Officer, certify that:

1. I have reviewed this report on Form 10-Q of Columbus McKinnon Corporation;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of registrant’s board of directors (or persons performing the equivalent functions):

a. all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: January 25, 2013

/s/ GREGORY P. RUSTOWICZ

Gregory P. Rustowicz

Chief Financial Officer

(Principal Financial Officer)

EX-32

Exhibit 32

CERTIFICATION

Each of the undersigned hereby certifies, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that the Quarterly Report of Columbus McKinnon Corporation (the "Company") on Form 10-Q for the period ended December 31, 2012, fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934 and that information contained in the such Quarterly Report on Form 10-Q fairly presents, in all material respects, the financial condition and results of operations of the Company.

A signed original of this written statement required by Section 906 has been provided to the Company and will be retained by the Company and furnished to the Securities and Exchange Commission or its staff upon request.

Dated: January 25, 2013

/s/ Timothy T. Tevens
Timothy T. Tevens
Chief Executive Officer
	(Principal Executive Officer)
	/s/ GREGORY P. RUSTOWICZ
	Gregory P. Rustowicz
	Chief Financial Officer
		(Principal Financial Officer)

XML

Debt (Narratives) (Details) (USD $)	9 Months Ended
	Dec. 31, 2012	Dec. 31, 2009
Line of Credit Facility [Line Items]
Line of Credit Facility, Expiration Date	October 31, 2017
Line of Credit Facility, Maximum Borrowing Capacity	$ 75,000,000
Line of Credit, Unused Borrowing Capacity, Amount	88,530,000
Line of Credit Facility, Amount Outstanding	0
Letters of Credit Outstanding, Amount	11,470,000
Revolving credit facility secured by Non US Subsidiary Stock	65.00%
Fixed Charge Coverage Ratio Minimum	1.25
Maximum total leverage ratio	3.50
Annual capital expenditures, excluding capital expenditures for a global ERP system	30,000,000
Letters of credit issuance period prior to the expiry date of the Revolving Credit Facility	5
Letters of credit issuance period after the expiry date of the Revolving Credit Facility	1
Debt Instrument, Interest Rate, Stated Percentage	7.875%
Debt Instrument, Issuance Date	January 25, 2011
New Senior Subordinated note issued	150,000,000
Debt instrument issued at Discount rate percent	98.545%
Repurchase of notes at premium, percent	101.00%
Carrying amount of the Company's revolving credit facility	150,000,000
Debt Instrument, Fair Value Disclosure	156,000,000
Unsecured Debt	8,126,000
Line of Credit Facility, Average Outstanding Amount	0
Secured Debt	963,000
Proceeds from Secured Lines of Credit	0
February One Two Thousand Fourteen [Member]
Line of Credit Facility [Line Items]
Redemption of outstanding notes percent maximum	35.00%
Redemption Price Of Outstanding Notes Percent	107.875%
February One Two Thousand Fifteen [Member]
Line of Credit Facility [Line Items]
Redemption Price Of Outstanding Notes Percent	103.938%
February One Two Thousand Sixteen [Member]
Line of Credit Facility [Line Items]
Redemption Price Of Outstanding Notes Percent	101.969%
February One Two Thousand Seventeen [Member]
Line of Credit Facility [Line Items]
Redemption Price Of Outstanding Notes Percent	100.00%
New Debt [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity	100,000,000
Letter of Credit [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	0
General Lien Basket [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	0
Standby Letters of Credit [Member]
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	9,108,000
Financial Standby Letter of Credit [Member]
Line of Credit Facility [Line Items]
Letters of Credit Outstanding, Amount	2,362,000
Maximum [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity		100,000,000
LIBOR	1.00%
Payments for (Proceeds from) Short-term Investments	30,000,000
Maximum [Member] | New Debt [Member]
Line of Credit Facility [Line Items]
Line Of Credit Facility Maximum Borrowing Capacity	75,000,000
Maximum [Member] | General Investments Basket [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	0
Minimum [Member]
Line of Credit Facility [Line Items]
LIBOR	0.00%
Payments for (Proceeds from) Short-term Investments	20,000,000
Minimum [Member] | General Investments Basket [Member]
Line of Credit Facility [Line Items]
Line of Credit Facility, Remaining Borrowing Capacity	$ 0

XML

Debt footote (details) (2 of 3) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012
Debt Disclosure [Abstract]
Long Term Debt Current	$ 1,108	$ 1,093
Long-term debt, less current portion	$ 151,226	$ 151,889

XML

Summary Financial Information (Statements of Operations and (Accumulated Deficit) Retained Earnings) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Net sales	$ 153,225	$ 142,750	$ 452,710	$ 432,373
Cost of products sold	109,428	104,147	322,687	318,897
Gross Profit	43,797	38,603	130,023	113,476
Selling, general and administrative expenses	29,115	27,585	88,652	81,471
Restructuring charges	0	(1,467)		(1,037)
Amortization of intangibles	493	485	1,481	1,515
Total operating expenses	29,608	26,603	90,133	81,949
Operating Income Loss	14,189	12,000	39,890	31,527
Interest and debt expense	3,413	3,590	10,418	10,651
Other (income) and expense, net	4	(1,771)	(1,299)	(2,583)
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments	10,772	10,181	30,771	23,459
Income Tax Expense Benefit	1,193	1,666	4,504	5,898
Income from discontinued operations		0	0	409
Equity in income from continuing operations of subsidiaries			0	0
Net income (loss)	9,579	8,515	26,267	17,970
Selling expenses	16,390	15,980	49,204	47,515
General and administrative expenses	12,725	11,605	39,448	33,956
Investment income	354	275	1,017	824
Foreign currency exchange (loss) gain	(293)	97	(147)	(121)
Other income, net	(65)	1,399	429	1,880
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest	9,579	8,515	26,267	17,561
Parent Company [Member]
Net sales	63,278	55,631	180,008	159,172
Cost of products sold	44,711	40,354	128,941	118,157
Gross Profit	18,567	15,277	51,067	41,015
Selling, general and administrative expenses	9,732	9,357	30,061	26,150
Restructuring charges	0			(1,455)
Amortization of intangibles	26	28	73	82
Total operating expenses	9,758	7,918	30,134	24,777
Operating Income Loss	8,809	7,359	20,933	16,238
Interest and debt expense	3,863	2,862	9,961	9,340
Other (income) and expense, net	(991)	(180)	(1,161)	(586)
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments	5,937	4,677	12,133	7,484
Income Tax Expense Benefit	250	(807)	17	557
Income from discontinued operations				409
Equity in income from continuing operations of subsidiaries	3,892	3,031	14,151	10,634
Net income (loss)	9,579	8,515	26,267	17,970
Guarantor Subsidiaries [Member]
Net sales	34,323	34,900	117,522	121,760
Cost of products sold	27,904	30,007	97,740	105,425
Gross Profit	6,419	4,893	19,782	16,335
Selling, general and administrative expenses	4,866	5,004	15,997	14,756
Restructuring charges				0
Amortization of intangibles				0
Total operating expenses	4,866	5,004	15,997	14,756
Operating Income Loss	1,553	(111)	3,785	1,579
Interest and debt expense	(532)	642	152	1,048
Other (income) and expense, net	(180)	15	(164)	33
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments	2,265	(768)	3,797	498
Income Tax Expense Benefit	(80)	0	0	169
Equity in income from continuing operations of subsidiaries				0
Net income (loss)	2,345	(768)	3,797	329
Non-Guarantor Subsidiaries [Member]
Net sales	68,439	65,124	195,625	191,495
Cost of products sold	49,628	46,691	136,451	135,369
Gross Profit	18,811	18,433	59,174	56,126
Selling, general and administrative expenses	14,517	13,224	42,594	40,565
Restructuring charges	0			418
Amortization of intangibles	467	457	1,408	1,433
Total operating expenses	14,984	13,681	44,002	42,416
Operating Income Loss	3,827	4,752	15,172	13,710
Interest and debt expense	82	86	305	263
Other (income) and expense, net	1,175	(1,606)	26	(2,030)
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments	2,570	6,272	14,841	15,477
Income Tax Expense Benefit	1,023	2,473	4,487	5,172
Equity in income from continuing operations of subsidiaries				0
Net income (loss)	1,547	3,799	10,354	10,305
Consolidation, Eliminations [Member]
Net sales	(12,815)	(12,905)	(40,445)	(40,054)
Cost of products sold	(12,815)	(12,905)	(40,445)	(40,054)
Gross Profit		0	0
Amortization of intangibles			0
Total operating expenses			0
Operating Income Loss	0
Other (income) and expense, net			0
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments		0	0
Income Tax Expense Benefit		0	0
Equity in income from continuing operations of subsidiaries	(3,892)	(3,031)	(14,151)	(10,634)
Net income (loss)	$ (3,892)	$ (3,031)	$ (14,151)	$ (10,634)

XML

Restructuring (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2011	Mar. 31, 2012
Restructuring Charges [Abstract]
Restructuring Reserve Current				$ 0
Restructuring charges	0	(1,467)	(1,037)
Restructuring Reserve Current	$ 0			$ 0

XML

Income Taxes (Narratives) (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Mar. 31, 2012
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate	11.00%	16.00%	15.00%	25.00%
Deferred Tax Assets, Valuation Allowance					$ 42,983,000
Maximum [Member] | Scenario, Forecast [Member]
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate			17.00%
Minimum [Member] | Scenario, Forecast [Member]
Income Tax [Line Items]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate			13.00%

XML

Marketable Securities (Summary of available-for-sale securities ) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012
Schedule of Available-for-sale Securities [Line Items]
Securities in a continuous loss position for less than 12 months	$ 1,125
Securities in a continuous loss position for more than 12 months	0
Aggregate fair value	1,125
Securities in a continuous loss position for less than 12 months	6
Securities in a continuous loss position for more than 12 months	0
Unrealized losses	6
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	21,385	23,183
Gross Unrealized Gains	2,320	2,249
Gross Unrealized Losses	6	39
Estimated fair value	$ 23,699	$ 25,393

XML

Selected Quarterly Financial Data (Details) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Quarterly Financial Information Disclosure [Abstract]
Gross Profit	$ 43,797	$ 38,603	$ 130,023	$ 113,476
Operating Income Loss	$ 14,189	$ 12,000	$ 39,890	$ 31,527
Earnings Per Share Basic	$ 0.49	$ 0.44	$ 1.35	$ 0.93
Earnings Per Share Diluted	$ 0.49	$ 0.44	$ 1.34	$ 0.92

XML

Derivative Instruments (Tables)

3 Months Ended

9 Months Ended

Dec. 31, 2012

Dec. 31, 2012

Derivative Instruments and Hedges, Assets [Abstract]

Schedule of Derivative Instruments, Gain (Loss) in Statement of Financial Performance [Text Block]

December 31,	Derivatives Designated as Cash Flow Hedges		(Loss)/Gain Recognized (1)	Location of Gain/(Loss) Recognized in Income on Derivatives		(Loss)/Gain Reclassified (2)
2012	Foreign exchange contracts	$	(128)	Cost of products sold	$	10
2011	Foreign exchange contracts	$	36	Cost of products sold	$	75
(1) Recognized in Other Comprehensive Loss (AOCL) on Derivatives (Effective Portion)
(2) Reclassified from AOCL into Income (Effective Portion)

December 31,	Derivatives Designated as Cash Flow Hedges		(Loss)/Gain Recognized (3)	Location of Gain/(Loss) Recognized in Income on Derivatives		Gain Reclassified (4)
2012	Foreign exchange contracts	$	(201)	Cost of products sold	$	125
2011	Foreign exchange contracts	$	171	Cost of products sold	$	138
(3) Recognized in AOCL on Derivatives (Effective Portion)
(4) Reclassified from AOCL into Income (Effective Portion)

December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives		Gain Recognized in Income on Derivatives
2012	Foreign exchange contracts	Foreign currency exchange gain	$	258
2011	Foreign exchange contracts	Foreign currency exchange gain	$	987

Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Text Block]

December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives		Gain Recognized in Income on Derivatives
2012	Foreign exchange contracts	Foreign currency exchange gain (loss)	$	(276)
2011	Foreign exchange contracts	Foreign currency exchange gain	$	(1)

Derivatives Designated as Hedging Instruments	Balance Sheet Location		Fair Value of Asset (Liability)
Foreign exchange contracts	Other Assets	$	2
Foreign exchange contracts	Accrued Liabilities	$	(516)
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location		Fair Value of Asset (Liability)
Foreign exchange contracts	Other Assets	$	9
Foreign exchange contracts	Accrued Liabilities	$	(237)

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Summary Financial Information (OCI Statement) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Net income (loss)	$ 9,579	$ 8,515	$ 26,267	$ 17,970
Change in derivatives qualifying as hedges, net of deferred tax expense of $(3), $17, $(3), and $154	(138)	(36)	326	36
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent [Abstract]
Foreign currency translation adjustments	2,604	(3,597)	40	(8,047)
Adjustments [Abstract]
Unrealized holding gain (loss) arising during the period, net of deferred taxes of $0 for all periods	194	610	(489)	198
Reclassification adjustment for gain included in net income, net of deferred tax expense of $0 for all periods	(253)	32	(400)	157
Total Adjustments	(59)	642	89	355
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent	2,407	(2,991)	277	(7,656)
Comprehensive Income Net Of Tax	11,986	5,524	(25,990)	10,314
Parent Company [Member]
Net income (loss)	9,579	8,515	26,267	17,970
Change in derivatives qualifying as hedges, net of deferred tax expense of $(3), $17, $(3), and $154	(161)	(82)	(118)	(10)
Adjustments [Abstract]
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent	(161)	(82)	(118)	(10)
Comprehensive Income Net Of Tax	9,418	8,433	26,149	17,960
Guarantor Subsidiaries [Member]
Net income (loss)	2,345	(768)	3,797	329
Adjustments [Abstract]
Comprehensive Income Net Of Tax	2,345	(768)	3,797	329
Non-Guarantor Subsidiaries [Member]
Net income (loss)	1,547	3,799	10,354	10,305
Change in derivatives qualifying as hedges, net of deferred tax expense of $(3), $17, $(3), and $154	23		(208)
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent [Abstract]
Foreign currency translation adjustments	2,604	(3,597)	(40)	(8,047)
Adjustments [Abstract]
Unrealized holding gain (loss) arising during the period, net of deferred taxes of $0 for all periods	194	610	(489)	198
Reclassification adjustment for gain included in net income, net of deferred tax expense of $0 for all periods	(253)	(32)	(400)	(157)
Total Adjustments	(59)		89
Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent	2,568	(2,909)	(159)	(7,646)
Comprehensive Income Net Of Tax	4,115	890	10,195	2,659
Consolidation, Eliminations [Member]
Net income (loss)	(3,892)	(3,031)	(14,151)	(10,634)
Adjustments [Abstract]
Comprehensive Income Net Of Tax	$ (3,892)	$ (3,031)	$ (14,151)	$ (10,634)

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Earnings Per Share (Narratives) (Details)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of shares of restricted stock vested and were issued			49,254
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	275,000	448,000	275,000	215,000
Two Thousand Ten Long Term Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	1,250,000		1,250,000
Stock Options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares of stock were issued upon the exercising of stock option			30,798	165,544

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Derivative Instruments (Pretax effect of derivative instruments on the condensed consolidated statement of operations) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended	9 Months Ended			3 Months Ended
	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012 Cost of Sales [Member]	Dec. 31, 2012 Foreign Exchange Contract [Member]	Dec. 31, 2012 Foreign Exchange Contract [Member] Cost of Sales [Member]
Derivatives, Fair Value [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ 36	$ (201)	$ 171		$ (128)	$ 10
Derivative Instruments, Loss Reclassified from Accumulated OCI into Income, Effective Portion	75		138	125
Amount of Gain Recognized in Income on Derivatives	$ (1)	$ 258	$ 987			$ (276)

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Accounting Principles and Practices (Narratives) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Foreign currency exchange (loss) gain	$ (293)	$ 97	$ (147)	$ (121)

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Income Taxes (Details) 1 of 2 (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]
Income Tax Expense Benefit	$ 1,193	$ 1,666	$ 4,504	$ 5,898
Deferred Income Tax Expense (Benefit) [Abstract]
Income Tax Expense Benefit	$ 1,193	$ 1,666	$ 4,504	$ 5,898

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Earnings per Share and Stock Plans (Tables)

9 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three months ended				Nine Months Ended
		December 31, 2012		December 31, 2011		December 31, 2012		December 30, 2011
Numerator for basic and diluted earnings per share:
Net income	$	9,579	$	8,515	$	26,267	$	17,970
Denominators:
Weighted-average common stock outstanding – denominator for basic EPS		19,451		19,313		19,406		19,256
Effect of dilutive employee stock options and other share-based awards		246		175		214		270
Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS		19,697		19,488		19,620		19,526

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Summary Financial Information (Statement of Financial Position) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012	Dec. 31, 2011	Mar. 31, 2011
Summary Financial Information [Abstract]
Debt Instrument, Interest Rate, Stated Percentage	7.875%
Assets Current [Abstract]
Cash And Cash Equivalents At Carrying Value	$ 111,937	$ 89,473	$ 82,033	$ 80,139
Accounts Receivable Net Current	78,710	88,642
Inventory Net	101,531	108,055
Prepaid Expense Current	9,111	10,449
Assets Current	301,289	296,619
Property Plant And Equipment Net	60,765	61,709
Goodwill and other intangibles, net	120,342	122,226
Intercompany	0
Other assets	33,346	34,853
Investment in subsidiaries	0	0
Assets	515,742	515,407
Long-term debt, less current portion	151,226	151,889
Other Liabilities Noncurrent	92,035	99,143
Total liabilities	326,282	354,941
Stockholders Equity Including Portion Attributable To Noncontrolling Interest	189,460	160,466
Liabilities And Stockholders Equity	515,742	515,407
Goodwill	106,061	106,435
Intangible Assets Net Excluding Goodwill	14,281	15,791
Marketable Securities Noncurrent	23,699	25,393
Deferred Tax Assets Net Noncurrent	3,033	2,824
Short Term Bank Loans And Notes Payable	0	112
Accounts Payable Trade Current	30,310	40,991
Accrued Liabilities Current	51,603	61,713
Restructuring Reserve Current	0	0
Long Term Debt Current	1,108	1,093
Liabilities Current	83,021	103,909
Senior Long Term Notes	2,881	3,749
Subordinated Long Term Debt	148,345	148,140
Parent Company [Member]
Assets Current [Abstract]
Cash And Cash Equivalents At Carrying Value	67,255	55,958	49,882	45,954
Accounts Receivable Net Current	37,475	44,375
Inventory Net	29,851	29,161
Prepaid Expense Current	4,402	5,398
Assets Current	138,983	134,892
Property Plant And Equipment Net	34,199	32,679
Goodwill and other intangibles, net	40,960	40,906
Intercompany	(184)	(41,502)
Other assets	6,400	6,449
Investment in subsidiaries	203,753	228,138
Assets	424,111	401,562
Long-term debt, less current portion	148,345	148,140
Other Liabilities Noncurrent	51,551	55,476
Total liabilities	234,651	241,096
Stockholders Equity Including Portion Attributable To Noncontrolling Interest	189,460	160,466
Liabilities And Stockholders Equity	424,111	401,562
Liabilities Current	34,755	37,480
Guarantor Subsidiaries [Member]
Assets Current [Abstract]
Cash And Cash Equivalents At Carrying Value	0	5	2,070	7
Accounts Receivable Net Current	3,803	5,579
Inventory Net	16,343	20,087
Prepaid Expense Current	534	502
Assets Current	20,680	26,173
Property Plant And Equipment Net	11,791	13,050
Goodwill and other intangibles, net	31,025	31,025
Intercompany	63,175	102,471
Other assets	783	784
Investment in subsidiaries	0	0
Assets	127,454	173,503
Long-term debt, less current portion	1,731	1,961
Other Liabilities Noncurrent	6,782	6,842
Total liabilities	19,887	27,575
Stockholders Equity Including Portion Attributable To Noncontrolling Interest	107,567	145,928
Liabilities And Stockholders Equity	127,454	173,503
Liabilities Current	11,374	18,772
Non-Guarantor Subsidiaries [Member]
Assets Current [Abstract]
Cash And Cash Equivalents At Carrying Value	44,682	33,510	30,081	34,178
Accounts Receivable Net Current	37,432	38,688
Inventory Net	55,337	61,347
Prepaid Expense Current	4,175	4,004
Assets Current	141,626	137,549
Property Plant And Equipment Net	14,775	15,980
Goodwill and other intangibles, net	48,357	50,295
Intercompany	(61,728)	(61,149)
Other assets	26,163	27,620
Investment in subsidiaries	0	0
Assets	169,193	170,295
Long-term debt, less current portion	1,150	1,788
Other Liabilities Noncurrent	33,702	36,825
Total liabilities	73,007	88,085
Stockholders Equity Including Portion Attributable To Noncontrolling Interest	96,186	82,210
Liabilities And Stockholders Equity	169,193	170,295
Liabilities Current	38,155	49,472
Consolidation, Eliminations [Member]
Assets Current [Abstract]
Inventory Net	0	(2,540)
Prepaid Expense Current	0	545
Assets Current	0	(1,995)
Intercompany	(1,263)	180
Investment in subsidiaries	(203,753)	(228,138)
Assets	(205,016)	(229,953)
Total liabilities	(1,263)	(1,815)
Stockholders Equity Including Portion Attributable To Noncontrolling Interest	(203,753)	(228,138)
Liabilities And Stockholders Equity	(205,016)	(229,953)
Liabilities Current	$ (1,263)	$ (1,815)

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Inventories

9 Months Ended

Dec. 31, 2012

Inventory Disclosure [Abstract]

Inventory Disclosure [Text Block]

4.       Inventories

Inventories consisted of the following (in thousands):

	December 31,		March 31,
	2012		2012
At cost - FIFO basis:
Raw materials	$	58,095	$	59,252
Work-in-process		11,579		18,952
Finished goods		52,793		49,315
		122,467		127,519
LIFO cost less than FIFO cost		(20,936)		(19,464)
Net inventories	$	101,531	$	108,055

An actual valuation of inventory under the LIFO method can be made only at the end of each year based on the inventory levels and costs at that time. Accordingly, interim LIFO calculations must necessarily be based on management's estimates of expected year-end inventory levels and costs. Because these are subject to many factors beyond management's control, estimated interim results are subject to change in the final year-end LIFO inventory valuation.

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Pension and Other Benefit Plans (Narrative) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended			3 Months Ended				9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Mar. 31, 2012	Dec. 31, 2012 Pension Plans, Defined Benefit [Member]	Dec. 31, 2011 Pension Plans, Defined Benefit [Member]	Dec. 31, 2012 Other Postretirement Benefit Plans, Defined Benefit [Member]	Dec. 31, 2011 Other Postretirement Benefit Plans, Defined Benefit [Member]	Dec. 31, 2012 Other Postretirement Benefit Plans, Defined Benefit [Member]	Dec. 31, 2011 Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Net periodic pension cost	$ 5,577	$ 6,177		$ 1,859	$ 1,668	$ 114	$ 202	$ 341	$ 605
Total liabilities	326,282		354,941
Other Liabilities Noncurrent	92,035		99,143
Accrued Liabilities Current	$ 51,603		$ 61,713

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Earnings Per Share (Computation of basic and diluted earnings per share) (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Numerator For Basic And Diluted Earnings Per Share [Abstract]
Net income (loss)	$ 9,579	$ 8,515	$ 26,267	$ 17,970
Denominators [Abstract]
Weighted Average Number Of Shares Outstanding Basic	19,451	19,313	19,406	19,256
Effect of dilutive employee stock options and other share-based awards	$ 246	$ 175	$ 214	$ 270
Weighted Average Number Of Diluted Shares Outstanding	19,697	19,488	19,620	19,526

XML

Description of Business (Narrative) (Details)	9 Months Ended
	Dec. 31, 2012
Description Of Business [Abstract]
Description Of Types Of Products And Services From Which Each Reportable Segment Derives Its Revenues	The Company is a leading designer, marketer and manufacturer of material handling products and services which efficiently and safely move, lift, position and secure material. Key products include hoists, rigging tools, cranes, and actuators.
Statement [Line Items]
Sales Revenue Goods Net Percentage	56.00%
US [Member]
Statement [Line Items]
Sales Revenue Goods Net Percentage	54.00%

XML

Summary Financial Information (Tables)

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Mar. 31, 2012

Summary Financial Information [Abstract]

Schedule Of Condensed Financial Statements [Table Text Block]

For the Three months ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	63,278	$	34,323	$	68,439	$	(12,815)	$	153,225
Cost of products sold		44,711		27,904		49,628		(12,815)		109,428
Gross profit		18,567		6,419		18,811		-		43,797
Selling, general and administrative expenses		9,732		4,866		14,517		-		29,115
Amortization of intangibles		26		-		467		-		493
		9,758		4,866		14,984		-		29,608
Income from operations		8,809		1,553		3,827		-		14,189
Interest and debt expense		3,863		(532)		82		-		3,413
Other (income) and expense, net		(991)		(180)		1,175		-		4
Income before income tax expense and equity in income of subsidiaries		5,937		2,265		2,570		-		10,772
Income tax expense (benefit)		250		(80)		1,023		-		1,193
Equity in income from continuing operations of subsidiaries		3,892		-		-		(3,892)		-
Net income	$	9,579	$	2,345	$	1,547	$	(3,892)	$	9,579

For the Three Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	9,579	$	2,345	$	1,547	$	(3,892)	$	9,579
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		2,604		-		2,604
Change in derivatives qualifying as hedges, net of deferred tax expense		(161)		-		23		-		(138)
Adjustments:
Unrealized holding gain arising during the period, net of deferred tax expense		-		-		194		-		194
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		(253)		-		(253)
Total adjustments		-		-		(59)		-		(59)
Total other comprehensive income		(161)		-		2,568		-		2,407
Comprehensive income	$	9,418	$	2,345	$	4,115	$	(3,892)	$	11,986

For the Three months ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	55,631	$	34,900	$	65,124	$	(12,905)	$	142,750
Cost of products sold		40,354		30,007		46,691		(12,905)		104,147
Gross profit		15,277		4,893		18,433		-		38,603
Selling, general and administrative expenses		9,357		5,004		13,224		-		27,585
Amortization of intangibles		28		-		457		-		485
		7,918		5,004		13,681		-		26,603
Income from operations		7,359		(111)		4,752		-		12,000
Interest and debt expense		2,862		642		86		-		3,590
Other (income) and expense, net		(180)		15		(1,606)		-		(1,771)
Income before income tax expense and equity in income of subsidiaries		4,677		(768)		6,272		-		10,181
Income tax expense		(807)		-		2,473		-		1,666
Equity in income from continuing operations of subsidiaries		3,031		-		-		(3,031)		-
Net income	$	8,515	$	(768)	$	3,799	$	(3,031)	$	8,515

For the Three Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	8,515	$	(768)	$	3,799	$	(3,031)	$	8,515
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		(3,597)		-		(3,597)
Change in derivatives qualifying as hedges, net of deferred tax expense		(82)		-		46		-		(36)
Adjustments:
Unrealized holding loss arising during the period, net of deferred tax expense		-		-		610		-		610
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		32		-		32
Total adjustments		-		-		642		-		642
Total other comprehensive income (loss)		(82)		-		(2,909)		-		(2,991)
Comprehensive income (loss)	$	8,433	$	(768)	$	890	$	(3,031)	$	5,524

14.       Summary Financial Information

The following information (in thousands) sets forth the condensed consolidating summary financial information of the parent and guarantors, which guarantee the 7 7/8% Senior Subordinated Notes, and the nonguarantors. The guarantors are wholly owned and the guarantees are full, unconditional, joint and several.

						Non
As of December 31, 2012		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	67,255	$	-	$	44,682	$	-	$	111,937
Trade accounts receivable		37,475		3,803		37,432		-		78,710
Inventories		29,851		16,343		55,337		-		101,531
Other current assets		4,402		534		4,175		-		9,111
Total current assets		138,983		20,680		141,626		-		301,289
Property, plant, and equipment, net		34,199		11,791		14,775		-		60,765
Goodwill and other intangibles, net		40,960		31,025		48,357		-		120,342
Intercompany		(184)		63,175		(61,728)		(1,263)		-
Other assets		6,400		783		26,163		-		33,346
Investment in subsidiaries		203,753		-		-		(203,753)		-
Total assets	$	424,111	$	127,454	$	169,193	$	(205,016)	$	515,742
Current liabilities		34,755		11,374		38,155		(1,263)		83,021
Long-term debt, less current portion		148,345		1,731		1,150		-		151,226
Other non-current liabilities		51,551		6,782		33,702		-		92,035
Total liabilities		234,651		19,887		73,007		(1,263)		326,282
Shareholders' equity		189,460		107,567		96,186		(203,753)		189,460
Total liabilities and shareholders' equity	$	424,111	$	127,454	$	169,193	$	(205,016)	$	515,742

For the Nine Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	180,008	$	117,522	$	195,625	$	(40,445)	$	452,710
Cost of products sold		128,941		97,740		136,451		(40,445)		322,687
Gross profit		51,067		19,782		59,174		-		130,023
Selling, general and administrative expenses		30,061		15,997		42,594		-		88,652
Restructuring charges		-		-		-		-		-
Amortization of intangibles		73		-		1,408		-		1,481
		30,134		15,997		44,002		-		90,133
Income from operations		20,933		3,785		15,172		-		39,890
Interest and debt expense		9,961		152		305		-		10,418
Other (income) and expense, net		(1,161)		(164)		26		-		(1,299)
Income before income tax expense and equity in income of subsidiaries		12,133		3,797		14,841		-		30,771
Income tax (benefit) expense		17		-		4,487		-		4,504
Equity in income from continuing operations of subsidiaries		14,151		-		-		(14,151)		-
Net income	$	26,267	$	3,797	$	10,354	$	(14,151)	$	26,267

For the Nine Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	26,267	$	3,797	$	10,354	$	(14,151)	$	26,267
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		(40)		-		(40)
Change in derivatives qualifying as hedges, net of deferred tax expense		(118)		-		(208)		-		(326)
Adjustments:		-		-		-		-		-
Unrealized holding gain arising during the period, net of deferred tax expense		-		-		489		-		489
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		(400)		-		(400)
Total adjustments		-	-	-	-	89	-	-	-	89
Total other comprehensive income (loss)		(118)	-	-	-	(159)	-	-	-	(277)
Comprehensive income	$	26,149	$	3,797	$	10,195	$	(14,151)	$	25,990

For the Nine Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Operating activities:
Net cash provided by (used for) operating activities	$	15,908	$	(1,715)	$	12,094	$	-	$	26,287
Investing activities:
Purchase of marketable securities, net		-		-		2,183		-		2,183
Capital expenditures		(4,683)		(445)		(2,011)		-		(7,139)
Proceeds from sale of assets		-		2,357		-		-		2,357
Net cash (used for) provided by investing activities		(4,683)		1,912		172		-		(2,599)
Financing activities:
Proceeds from stock options exercised		232		-		-		-		232
Net payments under lines-of-credit		-		-		(52)		-		(52)
Other		(160)		(202)		(596)		-		(958)
Net cash provided by (used for) financing activities		72		(202)		(648)		-		(778)
Effect of exchange rate changes on cash		-		-		(446)		-		(446)
Net change in cash and cash equivalents		11,297		(5)		11,172		-		22,464
Cash and cash equivalents at beginning of period		55,958		5		33,510		-		89,473
Cash and cash equivalents at end of period	$	67,255	$	-	$	44,682	$	-	$	111,937

For the Nine Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	17,970	$	329	$	10,305	$	(10,634)	$	17,970
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		(8,047)		-		(8,047)
Change in derivatives qualifying as hedges, net of deferred tax expense		(10)		-		46		-		36
Adjustments:
Unrealized holding loss arising during the period, net of deferred tax expense		-		-		198		-		198
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		157		-		157
Total adjustments		-		-		355		-		355
Total other comprehensive income (loss)		(10)		-		(7,646)		-		(7,656)
Comprehensive income	$	17,960	$	329	$	2,659	$	(10,634)	$	10,314

For the Nine Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Operating activities:
Net cash provided by (used for) operating activities	$	8,044	$	2,942	$	2,477	$	-	$	13,463
Investing activities:
Purchase of marketable securities, net		-		-		1,244		-		1,244
Capital expenditures		(8,553)		(702)		(1,209)		-		(10,464)
Proceeds from sale of real estate, net		1,971		-		-		-		1,971
Purchase of business, net of cash acquired		-		-		(3,356)		-		(3,356)
Net cash provided by investing activities from discontinued operations		409		-		-		-		409
Net cash used for investing activities		(6,173)		(702)		(3,321)		-		(10,196)
Financing activities:
Proceeds from stock options exercised		1,733		-		-		-		1,733
Net payments under lines-of-credit		-		-		(238)		-		(238)
Other		324		(177)		(311)		-		(164)
Net cash provided by (used for) financing activities		2,057		(177)		(549)		-		1,331
Effect of exchange rate changes on cash		-		-		(2,704)		-		(2,704)
Net change in cash and cash equivalents		3,928		2,063		(4,097)		-		1,894
Cash and cash equivalents at beginning of period		45,954		7		34,178		-		80,139
Cash and cash equivalents at end of period	$	49,882	$	2,070	$	30,081	$	-	$	82,033

						Non
As of March 31, 2012		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	55,958	$	5	$	33,510	$	-	$	89,473
Trade accounts receivable		44,375		5,579		38,688		-		88,642
Inventories		29,161		20,087		61,347		(2,540)		108,055
Prepaid expenses		5,398		502		4,004		545		10,449
Total current assets		134,892		26,173		137,549		(1,995)		296,619
Property, plant, and equipment, net		32,679		13,050		15,980		-		61,709
Goodwill and other intangibles, net		40,906		31,025		50,295		-		122,226
Intercompany		(41,502)		102,471		(61,149)		180		-
Other non-current assets		6,449		784		27,620		-		34,853
Investment in subsidiaries		228,138		-		-		(228,138)		-
Total assets	$	401,562	$	173,503	$	170,295	$	(229,953)	$	515,407
		-		-		-		-		-
Current liabilities	$	37,480	$	18,772	$	49,472	$	(1,815)	$	103,909
Long-term debt, less current portion		148,140		1,961		1,788		-		151,889
Other non-current liabilities		55,476		6,842		36,825		-		99,143
Total liabilities		241,096		27,575		88,085		(1,815)		354,941
Shareholders' equity		160,466		145,928		82,210		(228,138)		160,466
Total liabilities and shareholders' equity	$	401,562	$	173,503	$	170,295	$	(229,953)	$	515,407

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Business Segment Information (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012
Segment Reporting Information [Line Items]
Assets	$ 515,742	$ 515,407
Other assets	$ 33,346	$ 34,853

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Loss Contingencies (Narratives) (Details) (USD $)	9 Months Ended
	Dec. 31, 2012 month	Mar. 31, 2012
Loss Contingencies [Line Items]
Asbestos-related aggregate liability - Minimum	$ 8,000,000
Asbestos-related aggregate liability - Maximum	13,000,000
Loss Contingency, Estimate of Possible Loss	10,700,000
Loss Settlement Gross Period	12
Actuarial Parameters Of Continued Claims Minimum Period	18,000
Actuarial Parameters Of Continued Claims Maximum Period	30,000
Asbestos Related Aggregate Liability	2,000,000,000
Product Related Aggregate Liability	6,400,000,000
Asbestos Related And Non Asbestos Related Aggregate Liability	$ 17,100,000	$ 20,500,000

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Fair Value Measurements (Assets and liabilities measured at fair value on recurring bases) (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Significant Other Observable Inputs (Level 2) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	$ (742)
Marketable securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	23,699
Liabilities	(160,875)
Marketable securities [Member] | Quoted Prices in Active Markets for Indentical Assets (Level 1) [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	23,699
Derivative liabilities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(742)
Equity Securities [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Assets	1,176
Subordinated Debt Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	(160,875)
Obligations [Member]
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Liabilities	$ (3,989)

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Inventories (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012
Inventory Disclosure [Abstract]
Raw materials	$ 58,095	$ 59,252
Work-in-process	11,579	18,952
Finished goods	52,793	49,315
Inventory, Gross	122,467	127,519
LIFO cost less than FIFO cost	(20,936)	(19,464)
Net inventories	$ 101,531	$ 108,055

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Fair Value Measurements

9 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Fair Value Disclosures [TextBlock]

3.       Fair Value Measurements

Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 820 “Fair Value Measurements and Disclosures” establishes the standards for reporting financial assets and liabilities and nonfinancial assets and liabilities that are recognized or disclosed at fair value on a recurring basis (at least annually). Under these standards, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability (i.e., the "exit price") in an orderly transaction between market participants at the measurement date.

ASC Topic 820-10-35-37 establishes a hierarchy for inputs that may be used to measure fair value. Level 1 is defined as quoted prices in active markets that the Company has the ability to access for identical assets or liabilities. The fair value of the Company's marketable securities is based on Level 1 inputs. Level 2 is defined as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets. Level 3 inputs are unobservable inputs based on the Company's own assumptions used to measure assets and liabilities at fair value. The Company primarily uses readily observable market data in conjunction with internally developed discounted cash flow valuation models when valuing its derivative portfolio and, consequently, the fair value of the Company's derivatives is based on Level 2 inputs.  The Company uses quoted prices in an inactive market when valuing its Subordinated Debt, represented by the 7 7/8% Notes and, consequently, the fair value is based on Level 2 inputs.The carrying values of the Company's senior debt and notes payable to banks approximate fair value based on current market interest rates for debt instruments of similar credit standing and, consequently, their fair values are based on Level 2 inputs. As of December 31, 2012, the Company's assets and liabilities measured or disclosed at fair value on recurring bases were as follows (in thousands):

	Fair value measurements at reporting date using
				Quoted prices in		Significant other		Significant
				active markets for		observable		unobservable
		At December 31,		identical assets		inputs		inputs
Description		2012		(Level 1)		(Level 2)		(Level 3)
Assets/(Liabilities) measured at fair value:
Marketable securities	$	23,699	$	23,699	$	0	$	0
Derivative liabilities		(742)		0		(742)		0
Other equity investments		1,176		1,176		0		0
Assets/(Liabilities) disclosed at fair value:
Subordinated debt	$	(160,875)	$	0	$	(160,875)	$	0
Senior debt		(3,989)		0		(3,989)		0

Assets that are measured on a nonrecurring basis include the Company's reporting units that are used to test goodwill for impairment on an annual or interim basis under the provisions of ASC Topic 350-20-35-1 “Intangibles, Goodwill and Other – Goodwill Subsequent Measurement,” as well as property, plant and equipment in circumstances when the Company determines that those assets are impaired under the provisions of ASC Topic 360-10-35-17 “Property Plant and Equipment – Subsequent Measurement” and the measurement of certain termination benefits in connection with the Company's restructuring plan under the provisions of ASC Topic 420 “Exit or Disposal Cost Obligations.” There were no assets or liabilities measured at fair value on a nonrecurring basis during the threeor nine month periodsended December 31, 2012.

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Marketable Securities (Narratives) (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012 month	Dec. 31, 2011
Marketable Securities [Abstract]
Marketable Securities, Realized Loss, Other than Temporary Impairments, Description			The Company generally considers market value declines to be other-than-temporary if there are declines for a period longer than six months and in excess of 20% of original cost, or when other evidence indicates impairment.
Minimum Decline In Value Of Marketable Securities To Be Called As Other Than Temporaty Impairment Period			6
Minimum Decline In Value Of Marketable Securities To Be Called As Other Than Temporary Impairment Percent			20.00%
Marketable Securities, Realized Gain (Loss)	$ 147,000	$ 31,000	$ 399,000	$ 152,000

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Net Periodic Benefit Cost (Narratives) (Details) (USD $)	9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Net Periodic Benefit Cost [Abstract]
Defined Benefit Plan Expected Contribution By Employer	$ 10,400,000
Defined Benefit Plan, Curtailments		$ 1,172,000

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Property, Plant, and Equipment (Details) (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012
Property, Plant and Equipment, Net [Abstract]
Property Plant And Equipment Net	$ 60,765	$ 61,709

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Consolidated Statements of Operations and (Accumulated Deficit) Retained Earnings (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Revenues [Abstract]
Net sales	$ 153,225	$ 142,750	$ 452,710	$ 432,373
Cost of products sold	109,428	104,147	322,687	318,897
Gross profit	43,797	38,603	130,023	113,476
Operating Expenses [Abstract]
Selling expenses	16,390	15,980	49,204	47,515
General and administrative expenses	12,725	11,605	39,448	33,956
Restructuring charges	0	(1,467)		(1,037)
Amortization of intangibles	493	485	1,481	1,515
Total operating expenses	29,608	26,603	90,133	81,949
Income (loss) from operations	14,189	12,000	39,890	31,527
Other Income & Expenses [Abstract]
Interest and debt expense	3,413	3,590	10,418	10,651
Investment income	(354)	(275)	(1,017)	(824)
Foreign currency exchange (loss) gain	293	(97)	147	121
Other income, net	65	(1,399)	(429)	(1,880)
(Loss) income from continuing operations before income tax expense (benefit)	10,772	10,181	30,771	23,459
Income Tax Expense Benefit [Abstract]
Income Tax Expense Benefit	1,193	1,666	4,504	5,898
Income (Loss) from continuing operations	9,579	8,515	26,267	17,561
Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax & Other [Abstract]
Income from discontinued operations		0	0	409
Profit Loss	9,579	8,515	26,267	17,970
Retained Earnings Accumulated Deficit [Abstract]
New Accounting Pronouncement Or Change In Accounting Principle Name	-			-
(Accumulated Deficit) retained earnings - beginning of period	42,583	8,383	25,895	(1,072)
Accumulated deficit (retained earnings) - end of period	$ 52,162	$ 16,898	$ 52,162	$ 16,898
Weighted Average Number Of Shares Outstanding Basic [Abstract]
Weighted Average Number Of Shares Outstanding Basic	19,451	19,313	19,406	19,256
Weighted Average Number Of Shares Outstanding [Abstract]
Weighted Average Number Of Diluted Shares Outstanding	19,697	19,488	19,620	19,526
Earnings Per Share Basic [Abstract]
Income Loss From Continuing Operations Per Basic Share	$ 0.49	$ 0.44	$ 1.35	$ 0.91
Income Loss From Discontinued Operations Net Of Tax Per Basic Share		$ 0	$ 0.00	$ 0.02
Earnings Per Share Basic	$ 0.49	$ 0.44	$ 1.35	$ 0.93
Earnings Per Share Diluted [Abstract]
Income Loss From Continuing Operations Per Diluted Share	$ 0.49	$ 0.44	$ 1.34	$ 0.90
Income Loss From Discontinued Operations Net Of Tax Per Diluted Share		$ 0	$ 0.00	$ 0.02
Earnings Per Share Diluted	$ 0.49	$ 0.44	$ 1.34	$ 0.92

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Restructuring Charges (Narratives) (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2011
Restructuring Charges [Abstract]
Termination benefits recorded as restructuring costs			$ 430,000
Restructuring charges	0	(1,467,000)	(1,037,000)
Gain In Sale Of Closed Facility		$ 1,467,000	$ 1,467,000

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Description of Business

9 Months Ended

Dec. 31, 2012

Description Of Business [Abstract]

Organization Consolidation And Presentation Of Financial Statements Disclosure [Text Block]

1.       Description of Business

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles for interim financial information. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation of the financial position of Columbus McKinnon Corporation (the Company) at December 31, 2012, the results of its operations for the three and ninemonth periods ended December 31, 2012 and December 31, 2011, and cash flows for the nine months ended December 31, 2012 and December 31, 2011, have been included. Results for the period ended December 31, 2012 are not necessarily indicative of the results that may be expected for the year ending March 31, 2013. The balance sheet at March 31, 2012 has been derived from the audited consolidated financial statements at that date, but does not include all of the information and footnotes required by U.S. generally accepted accounting principles for complete financial statements. For further information, refer to the consolidated financial statements and footnotes thereto included in the Columbus McKinnon Corporation annual report on Form 10-K for the year ended March 31, 2012.

The Company is a leading designer, marketer and manufacturer of material handling products and services which efficiently and safely move, lift, position and secure material. Key products include hoists, rigging tools, cranes, and actuators. The Company's material handling products are sold globally, principally to third party distributors through diverse distribution channels, and to a lesser extent directly to end-users. During the three and nine months ended December 31, 2012, approximately 54% and 56% of sales were to customers in the U.S., respectively.

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Consolidated statement of stockholders equity (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Opening Balance			$ 160,466
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Net income (loss)	9,579	8,515	26,267	17,970
closing balance	189,460		189,460
Other Comprehensive Income (Loss), Net of Tax [Abstract]
Net income (loss)	$ 9,579	$ 8,515	$ 26,267	$ 17,970

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Goodwill and Intangible Assets (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2012	Mar. 31, 2012
Goodwill [Roll Forward]
Opening Balance	$ 106,435
Goodwill Translation Adjustments	(374)
Closing Balance	106,061
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	21,703	21,858
Accumulated Amortization	(7,422)	(6,067)
Net	14,281	15,791
Trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	5,720	5,783
Accumulated Amortization	(1,332)	(1,109)
Net	4,388	4,674
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	14,605	14,808
Accumulated Amortization	(5,723)	(4,693)
Net	8,882	10,115
Other [Member]
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,378	1,267
Accumulated Amortization	(367)	(265)
Net	$ 1,011	$ 1,002

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Earnings per share and stock plans (Details) (1) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Numerator For Basic And Diluted Earnings Per Share [Abstract]
Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest	$ 9,579	$ 8,515	$ 26,267	$ 17,561
Income from discontinued operations		0	0	409
Net income (loss)	$ 9,579	$ 8,515	$ 26,267	$ 17,970
Denominator For Basic And Diluted Earnings Per Share [Abstract]
Weighted Average Number Of Shares Outstanding Basic	19,451	19,313	19,406	19,256
Weighted Average Number Of Diluted Shares Outstanding	19,697	19,488	19,620	19,526

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Inventories (Tables)

9 Months Ended

Dec. 31, 2012

Inventory Disclosure [Abstract]

Schedule of Inventory, Current [Table Text Block]

	December 31,		March 31,
	2012		2012
At cost - FIFO basis:
Raw materials	$	58,095	$	59,252
Work-in-process		11,579		18,952
Finished goods		52,793		49,315
		122,467		127,519
LIFO cost less than FIFO cost		(20,936)		(19,464)
Net inventories	$	101,531	$	108,055

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Derivative Instruments (Narratives) (Details) (USD $)	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Derivative Instruments in Hedges, at Fair Value, Net	$ 0
Designated As Hedging Instrument [Member] | Commodity Contract [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Foreign Currency Derivatives	9,392,000
Derivatives Not Designated As Hedging Instruments [Member] | Currency Swap [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Foreign Currency Derivatives	4,554,000
Derivatives Not Designated As Hedging Instruments [Member] | Foreign Exchange Contract [Member]
Derivatives, Fair Value [Line Items]
Notional Amount of Foreign Currency Derivatives	$ 2,803,000

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Goodwill and Intangible Assets (Tables)

9 Months Ended

Dec. 31, 2012

Goodwill And Intangible Assets Disclosure [Abstract]

Schedule of Goodwill [Text Block]

Balance at April 1, 2012	$	106,435
Currency translation		(374)
Balance at December 31, 2012	$	106,061

Schedule of Indefinite-lived Intangible Assets by Major Class [Text Block]

		December 31, 2012						March 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademark	$	5,720	$	(1,332)	$	4,388	$	5,783	$	(1,109)	$	4,674
Customer relationships		14,605		(5,723)		8,882		14,808		(4,693)		10,115
Other		1,378		(367)		1,011		1,267		(265)		1,002
Total	$	21,703	$	(7,422)	$	14,281	$	21,858	$	(6,067)	$	15,791

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Income Taxes (Details) 2 of 2 (USD $)	Mar. 31, 2012
Components of Deferred Tax Assets [Abstract]
Deferred Tax Assets, Valuation Allowance	$ 42,983,000

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Divestitures

9 Months Ended

Dec. 31, 2012

Divestitures [Abstract]

Disposal Groups Including Discontinued Operations Disclosure [Text Block]

2.       Divestitures

Income from discontinued operations presented in the condensed consolidated statements of operations and retained earnings for the three and nine month period ending December 31, 2011 includes payments received on a note receivable related to the Company's fiscal 2002 disposal of Automatic Systems, Inc.The note was collected in fullduring the three months ended June 30, 2012.

During the nine months ended December 31, 2012 the Company sold certain assets of the Gaffey division of Crane Equipment and Service, Inc.  The sale of the Gaffey assets did not have a material effect on the Company's financial statements for the three and nine months ended December 31, 2012 and therefore was not reclassified as a discontinued operation.

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Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Dec. 31, 2012	Mar. 31, 2012
Assets Current [Abstract]
Cash And Cash Equivalents At Carrying Value	$ 111,937	$ 89,473
Accounts Receivable Net Current	78,710	88,642
Inventory Net	101,531	108,055
Prepaid Expense Current	9,111	10,449
Total Assets Current	301,289	296,619
Property Plant And Equipment Net	60,765	61,709
Goodwill	106,061	106,435
Intangible Assets Net Excluding Goodwill	14,281	15,791
Marketable Securities Noncurrent	23,699	25,393
Deferred Tax Assets Net Noncurrent	3,033	2,824
Other Assets Noncurrent	6,614	6,636
Total Assets	515,742	515,407
Liabilities Current [Abstract]
Short Term Bank Loans And Notes Payable	0	112
Accounts Payable Trade Current	30,310	40,991
Accrued Liabilities Current	51,603	61,713
Restructuring Reserve Current	0	0
Long Term Debt Current	1,108	1,093
Total current liabilities	83,021	103,909
Senior Long Term Notes	2,881	3,749
Subordinated Long Term Debt	148,345	148,140
Other Liabilities Noncurrent	92,035	99,143
Total liabilities	326,282	354,941
Stockholders Equity Including Portion Attributable To Noncontrolling Interest [Abstract]
Common Stock Value	194	193
Additional Paid In Capital Common Stock	191,945	189,260
Accumulated deficit (retained earnings)	52,162	25,895
Employee Stock Ownership Plan ESOP Debt Structure Employer Loan Guarantee	(657)	(975)
Accumulated Other Comprehensive Income Loss Net Of Tax	(54,184)	(53,907)
Total shareholders' equity	189,460	160,466
Total Liabilities and Shareholders' Equity	$ 515,742	$ 515,407

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Earnings Per Share

9 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Earnings Per Share [Text Block]

10.       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, 2012		December 31, 2011		December 31, 2012		December 30, 2011
Numerator for basic and diluted earnings per share:
Net income	$	9,579	$	8,515	$	26,267	$	17,970
Denominators:
Weighted-average common stock outstanding – denominator for basic EPS		19,451		19,313		19,406		19,256
Effect of dilutive employee stock options and other share-based awards		246		175		214		270
Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS		19,697		19,488		19,620		19,526

Stock options and performance shares amounting to275,000 and 448,000 common shares for the three month periods ended December 31, 2012and2011, respectively were not included in the computation of diluted earnings per share because they were antidilutive.Stock options and performance shares amounting to 275,000 and 215,000 common shares for the nine month periods ended December 31, 2012,and2011, respectively were not included in the computation of diluted earnings per share respectively, because they were antidilutive.

On July 26, 2010, the shareholders of the Company approved the 2010 Long Term Incentive Plan (“LTIP”).  The Company grants share based compensation to eligible participants under the LTIP.  The total number of shares of common stock with respect to which awards may be granted under the plan is 1,250,000 including shares not previously authorized for issuance under any of the Prior Stock Plans and any shares not issued or subject to outstanding awards under the Prior Stock Plans.  

During the first nine months of fiscal 2013 and 2012, a total of30,798 and 165,544 shares of common stock were issued upon the exercising of stock options related to the Company's stock option plans. During the fiscal year ended March 31, 2012, 49,254 shares of restricted stock vested and were issued.

Refer to the Company's consolidated financial statements included in its Form 10-K for the year ended March 31,2012for further information on its earnings per share and stock plans.

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Document and Entity Information (USD $)	9 Months Ended
	Dec. 31, 2012
Document Entity Information [Abstract]
Document Type	10-Q
Document Period End Date	Dec. 31, 2012
Amendment Flag	false
Entity Registrant Name	Columbus McKinnon Corporation
Entity Central Index Key	0001005229
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Current Fiscal Year End Date	--03-31
Entity Filer Category	Accelerated Filer
Entity Well Known Seasoned Issuer	No
Entity Common Stock Shares Outstanding	19,498,879
Entity Public Float	$ 317,246,761
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q3

XML

Summary Financial Information

3 Months Ended

9 Months Ended

12 Months Ended

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Mar. 31, 2012

Summary Financial Information [Abstract]

Schedule Of Condensed Financial Statement [Text Block]

For the Three months ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	63,278	$	34,323	$	68,439	$	(12,815)	$	153,225
Cost of products sold		44,711		27,904		49,628		(12,815)		109,428
Gross profit		18,567		6,419		18,811		-		43,797
Selling, general and administrative expenses		9,732		4,866		14,517		-		29,115
Amortization of intangibles		26		-		467		-		493
		9,758		4,866		14,984		-		29,608
Income from operations		8,809		1,553		3,827		-		14,189
Interest and debt expense		3,863		(532)		82		-		3,413
Other (income) and expense, net		(991)		(180)		1,175		-		4
Income before income tax expense and equity in income of subsidiaries		5,937		2,265		2,570		-		10,772
Income tax expense (benefit)		250		(80)		1,023		-		1,193
Equity in income from continuing operations of subsidiaries		3,892		-		-		(3,892)		-
Net income	$	9,579	$	2,345	$	1,547	$	(3,892)	$	9,579

For the Three Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	9,579	$	2,345	$	1,547	$	(3,892)	$	9,579
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		2,604		-		2,604
Change in derivatives qualifying as hedges, net of deferred tax expense		(161)		-		23		-		(138)
Adjustments:
Unrealized holding gain arising during the period, net of deferred tax expense		-		-		194		-		194
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		(253)		-		(253)
Total adjustments		-		-		(59)		-		(59)
Total other comprehensive income		(161)		-		2,568		-		2,407
Comprehensive income	$	9,418	$	2,345	$	4,115	$	(3,892)	$	11,986

For the Three months ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	55,631	$	34,900	$	65,124	$	(12,905)	$	142,750
Cost of products sold		40,354		30,007		46,691		(12,905)		104,147
Gross profit		15,277		4,893		18,433		-		38,603
Selling, general and administrative expenses		9,357		5,004		13,224		-		27,585
Amortization of intangibles		28		-		457		-		485
		7,918		5,004		13,681		-		26,603
Income from operations		7,359		(111)		4,752		-		12,000
Interest and debt expense		2,862		642		86		-		3,590
Other (income) and expense, net		(180)		15		(1,606)		-		(1,771)
Income before income tax expense and equity in income of subsidiaries		4,677		(768)		6,272		-		10,181
Income tax expense		(807)		-		2,473		-		1,666
Equity in income from continuing operations of subsidiaries		3,031		-		-		(3,031)		-
Net income	$	8,515	$	(768)	$	3,799	$	(3,031)	$	8,515

For the Three Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	8,515	$	(768)	$	3,799	$	(3,031)	$	8,515
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		(3,597)		-		(3,597)
Change in derivatives qualifying as hedges, net of deferred tax expense		(82)		-		46		-		(36)
Adjustments:
Unrealized holding loss arising during the period, net of deferred tax expense		-		-		610		-		610
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		32		-		32
Total adjustments		-		-		642		-		642
Total other comprehensive income (loss)		(82)		-		(2,909)		-		(2,991)
Comprehensive income (loss)	$	8,433	$	(768)	$	890	$	(3,031)	$	5,524

						Non
As of December 31, 2012		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	67,255	$	-	$	44,682	$	-	$	111,937
Trade accounts receivable		37,475		3,803		37,432		-		78,710
Inventories		29,851		16,343		55,337		-		101,531
Other current assets		4,402		534		4,175		-		9,111
Total current assets		138,983		20,680		141,626		-		301,289
Property, plant, and equipment, net		34,199		11,791		14,775		-		60,765
Goodwill and other intangibles, net		40,960		31,025		48,357		-		120,342
Intercompany		(184)		63,175		(61,728)		(1,263)		-
Other assets		6,400		783		26,163		-		33,346
Investment in subsidiaries		203,753		-		-		(203,753)		-
Total assets	$	424,111	$	127,454	$	169,193	$	(205,016)	$	515,742
Current liabilities		34,755		11,374		38,155		(1,263)		83,021
Long-term debt, less current portion		148,345		1,731		1,150		-		151,226
Other non-current liabilities		51,551		6,782		33,702		-		92,035
Total liabilities		234,651		19,887		73,007		(1,263)		326,282
Shareholders' equity		189,460		107,567		96,186		(203,753)		189,460
Total liabilities and shareholders' equity	$	424,111	$	127,454	$	169,193	$	(205,016)	$	515,742

For the Nine Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	180,008	$	117,522	$	195,625	$	(40,445)	$	452,710
Cost of products sold		128,941		97,740		136,451		(40,445)		322,687
Gross profit		51,067		19,782		59,174		-		130,023
Selling, general and administrative expenses		30,061		15,997		42,594		-		88,652
Restructuring charges		-		-		-		-		-
Amortization of intangibles		73		-		1,408		-		1,481
		30,134		15,997		44,002		-		90,133
Income from operations		20,933		3,785		15,172		-		39,890
Interest and debt expense		9,961		152		305		-		10,418
Other (income) and expense, net		(1,161)		(164)		26		-		(1,299)
Income before income tax expense and equity in income of subsidiaries		12,133		3,797		14,841		-		30,771
Income tax (benefit) expense		17		-		4,487		-		4,504
Equity in income from continuing operations of subsidiaries		14,151		-		-		(14,151)		-
Net income	$	26,267	$	3,797	$	10,354	$	(14,151)	$	26,267

For the Nine Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	26,267	$	3,797	$	10,354	$	(14,151)	$	26,267
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		(40)		-		(40)
Change in derivatives qualifying as hedges, net of deferred tax expense		(118)		-		(208)		-		(326)
Adjustments:		-		-		-		-		-
Unrealized holding gain arising during the period, net of deferred tax expense		-		-		489		-		489
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		(400)		-		(400)
Total adjustments		-	-	-	-	89	-	-	-	89
Total other comprehensive income (loss)		(118)	-	-	-	(159)	-	-	-	(277)
Comprehensive income	$	26,149	$	3,797	$	10,195	$	(14,151)	$	25,990

For the Nine Months Ended December 31, 2012						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Operating activities:
Net cash provided by (used for) operating activities	$	15,908	$	(1,715)	$	12,094	$	-	$	26,287
Investing activities:
Purchase of marketable securities, net		-		-		2,183		-		2,183
Capital expenditures		(4,683)		(445)		(2,011)		-		(7,139)
Proceeds from sale of assets		-		2,357		-		-		2,357
Net cash (used for) provided by investing activities		(4,683)		1,912		172		-		(2,599)
Financing activities:
Proceeds from stock options exercised		232		-		-		-		232
Net payments under lines-of-credit		-		-		(52)		-		(52)
Other		(160)		(202)		(596)		-		(958)
Net cash provided by (used for) financing activities		72		(202)		(648)		-		(778)
Effect of exchange rate changes on cash		-		-		(446)		-		(446)
Net change in cash and cash equivalents		11,297		(5)		11,172		-		22,464
Cash and cash equivalents at beginning of period		55,958		5		33,510		-		89,473
Cash and cash equivalents at end of period	$	67,255	$	-	$	44,682	$	-	$	111,937

For the Nine Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	159,172	-	121,760	-	191,495	-	(40,054)	$	432,373
Cost of products sold		118,157		105,425		135,369		(40,054)		318,897
Gross profit		41,015		16,335		56,126		-		113,476
Selling, general and administrative expenses		26,150		14,756		40,565		-		81,471
Restructuring charges		(1,455)		-		418		-		(1,037)
Amortization of intangibles		82		-		1,433		-		1,515
		24,777		14,756		42,416		-		81,949
Income from operations		16,238		1,579		13,710		-		31,527
Interest and debt expense		9,340		1,048		263		-		10,651
Other (income) and expense, net		(586)		33		(2,030)		-		(2,583)
Income from continuing operations before income tax expense and equity in income of subsidiaries		7,484		498		15,477		-		23,459
Income tax expense		557		169		5,172		-		5,898
Equity in income from continuing operations of subsidiaries		10,634		-		-		(10,634)		-
Income from continuing operations		17,561		329		10,305		(10,634)		17,561
Gain from discontinued operations		409		-		-		-		409
Net income	$	17,970	-	329	-	10,305	-	(10,634)	$	17,970

For the Nine Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net sales	$	159,172	-	121,760	-	191,495	-	(40,054)	$	432,373
Cost of products sold		118,157		105,425		135,369		(40,054)		318,897
Gross profit		41,015		16,335		56,126		-		113,476
Selling, general and administrative expenses		26,150		14,756		40,565		-		81,471
Restructuring charges		(1,455)		-		418		-		(1,037)
Amortization of intangibles		82		-		1,433		-		1,515
		24,777		14,756		42,416		-		81,949
Income from operations		16,238		1,579		13,710		-		31,527
Interest and debt expense		9,340		1,048		263		-		10,651
Other (income) and expense, net		(586)		33		(2,030)		-		(2,583)
Income from continuing operations before income tax expense and equity in income of subsidiaries		7,484		498		15,477		-		23,459
Income tax expense		557		169		5,172		-		5,898
Equity in income from continuing operations of subsidiaries		10,634		-		-		(10,634)		-
Income from continuing operations		17,561		329		10,305		(10,634)		17,561
Gain from discontinued operations		409		-		-		-		409
Net income	$	17,970	-	329	-	10,305	-	(10,634)	$	17,970

For the Nine Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Net income	$	17,970	$	329	$	10,305	$	(10,634)	$	17,970
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		-		-		(8,047)		-		(8,047)
Change in derivatives qualifying as hedges, net of deferred tax expense		(10)		-		46		-		36
Adjustments:
Unrealized holding loss arising during the period, net of deferred tax expense		-		-		198		-		198
Reclassification adjustment for gain included in net income, net of deferred tax expense		-		-		157		-		157
Total adjustments		-		-		355		-		355
Total other comprehensive income (loss)		(10)		-		(7,646)		-		(7,656)
Comprehensive income	$	17,960	$	329	$	2,659	$	(10,634)	$	10,314

For the Nine Months Ended December 31, 2011						Non
		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Operating activities:
Net cash provided by (used for) operating activities	$	8,044	$	2,942	$	2,477	$	-	$	13,463
Investing activities:
Purchase of marketable securities, net		-		-		1,244		-		1,244
Capital expenditures		(8,553)		(702)		(1,209)		-		(10,464)
Proceeds from sale of real estate, net		1,971		-		-		-		1,971
Purchase of business, net of cash acquired		-		-		(3,356)		-		(3,356)
Net cash provided by investing activities from discontinued operations		409		-		-		-		409
Net cash used for investing activities		(6,173)		(702)		(3,321)		-		(10,196)
Financing activities:
Proceeds from stock options exercised		1,733		-		-		-		1,733
Net payments under lines-of-credit		-		-		(238)		-		(238)
Other		324		(177)		(311)		-		(164)
Net cash provided by (used for) financing activities		2,057		(177)		(549)		-		1,331
Effect of exchange rate changes on cash		-		-		(2,704)		-		(2,704)
Net change in cash and cash equivalents		3,928		2,063		(4,097)		-		1,894
Cash and cash equivalents at beginning of period		45,954		7		34,178		-		80,139
Cash and cash equivalents at end of period	$	49,882	$	2,070	$	30,081	$	-	$	82,033

						Non
As of March 31, 2012		Parent		Guarantors		Guarantors		Eliminations		Consolidated
Current assets:
Cash and cash equivalents	$	55,958	$	5	$	33,510	$	-	$	89,473
Trade accounts receivable		44,375		5,579		38,688		-		88,642
Inventories		29,161		20,087		61,347		(2,540)		108,055
Prepaid expenses		5,398		502		4,004		545		10,449
Total current assets		134,892		26,173		137,549		(1,995)		296,619
Property, plant, and equipment, net		32,679		13,050		15,980		-		61,709
Goodwill and other intangibles, net		40,906		31,025		50,295		-		122,226
Intercompany		(41,502)		102,471		(61,149)		180		-
Other non-current assets		6,449		784		27,620		-		34,853
Investment in subsidiaries		228,138		-		-		(228,138)		-
Total assets	$	401,562	$	173,503	$	170,295	$	(229,953)	$	515,407
		-		-		-		-		-
Current liabilities	$	37,480	$	18,772	$	49,472	$	(1,815)	$	103,909
Long-term debt, less current portion		148,140		1,961		1,788		-		151,889
Other non-current liabilities		55,476		6,842		36,825		-		99,143
Total liabilities		241,096		27,575		88,085		(1,815)		354,941
Shareholders' equity		160,466		145,928		82,210		(228,138)		160,466
Total liabilities and shareholders' equity	$	401,562	$	173,503	$	170,295	$	(229,953)	$	515,407

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Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Net Cash Provided By Used In Operating Activities [Abstract]
Net income (loss)	$ 26,267	$ 17,970
Income from discontinued operations	0	(409)
Depreciation and amortization	9,116	8,609
Deferred income taxes and related valuation allowance	153	378
Gain on sale of real estate/investments	(431)	(1,909)
Gain on disposal of assets	0	(850)
Stock-based compensation	2,474	2,246
Amortization of deferred financing costs	226	289
Non-cash restructuring charges	0	0
Increase Decrease In Operating Capital [Abstract]
Trade accounts receivable	(9,330)	775
Inventories	4,129	(14,011)
Prepaid expenses	(345)	2,440
Other assets	415	332
Trade accounts payable	8,835	(927)
Accrued and non-current liabilities	(16,212)	(1,774)
Net Cash Provided By Used In Operating Activities	26,287	13,463
Net Cash Provided By Used In Investing Activities [Abstract]
Proceeds from sale of marketable securities	4,907	5,747
Purchases of marketable securities	(2,724)	(4,503)
Capital expenditures	(7,139)	(10,464)
AcquisitionCosts		(3,356)
Proceeds from sale of businesses or assets	2,357	1,971
Net cash used for investing activities from continuing operations	(2,599)	(10,605)
Net cash provided by investing activities from discontinued operations	0	409
Net cash used for investing activities	(2,599)	(10,196)
Net Cash Provided By Used In Financing Activities [Abstract]
Proceeds from exercise of stock options	232	1,733
Net payments under lines-of-credit	(52)	(238)
Repayments of debt	592	488
Change in ESOP guarantee	(318)	(324)
Net cash provided by (used) for financing activities	(778)	1,331
Payments of Financing Costs	(684)
Effect Of Exchange Rate On Cash And Cash Equivalents	(446)	(2,704)
Cash And Cash Equivalents Period Increase Decrease	22,464	1,894
Cash And Cash Equivalents At Carrying Value - Beginning of Period	89,473	80,139
Cash And Cash Equivalents At Carrying Value - End of Period	111,937	82,033
Supplemental Cash Flow Information [Abstract]
Interest Paid	10,227	10,202
Income Taxes Paid	$ 3,591	$ 5,272

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Derivative Instruments

3 Months Ended

9 Months Ended

Dec. 31, 2012

Dec. 31, 2012

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Instruments And Hedging Activities Disclosure [Text Block]

December 31,	Derivatives Designated as Cash Flow Hedges		(Loss)/Gain Recognized (1)	Location of Gain/(Loss) Recognized in Income on Derivatives		(Loss)/Gain Reclassified (2)
2012	Foreign exchange contracts	$	(128)	Cost of products sold	$	10
2011	Foreign exchange contracts	$	36	Cost of products sold	$	75
(1) Recognized in Other Comprehensive Loss (AOCL) on Derivatives (Effective Portion)
(2) Reclassified from AOCL into Income (Effective Portion)

December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives		Gain Recognized in Income on Derivatives
2012	Foreign exchange contracts	Foreign currency exchange gain (loss)	$	(276)
2011	Foreign exchange contracts	Foreign currency exchange gain	$	(1)

7.Derivative Instruments

The Company uses derivative instruments to manage selected foreign currency exposures. The Company does not use derivative instruments for speculative trading purposes. All derivative instruments must be recorded on the balance sheet at fair value. For derivatives designated as cash flow hedges, the effective portion of changes in the fair value of the derivative is recorded as accumulated other comprehensive loss, or “AOCL”, and is reclassified to earnings when the underlying transaction has an impact on earnings. The ineffective portion of changes in the fair value of the derivative is reported in foreign currency exchange gain in the Company's consolidated statement of operations. For derivatives not classified as cash flow hedges, all changes in market value are recorded as a foreign currency exchange loss (gain) in the Company's consolidated statements of operations.

The Company has foreign currency forward agreements and cross-currency swaps in place to offset changes in the value of intercompany loans to certain foreign subsidiaries due to changes in foreign exchange rates. The notional amount of these derivatives is $4,554,000 and all contracts mature by September 30, 2013. These contracts are not designated as hedges.

The Company has foreign currency forward agreements in place to hedge changes in the value of recorded foreign currency liabilities due to changes in foreign exchange rates at the settlement date. The notional amount of those derivatives is $2,803,000 and all contracts mature within twelve months. These contracts are marked to market each balance sheet date and are not designated as hedges.

The Company has foreign currency forward agreements that are designated as cash flow hedges to hedge a portion of forecasted inventory purchases and sales, including multi-year contracts related to capital project sales, denominated in a foreign currency. The notional amount of those derivatives is $9,392,000 and all contracts mature within eighteen months of December 31, 2012.

The Company is exposed to credit losses in the event of non performance by the counterparties on its financial instruments. All counterparties have investment grade credit ratings. The Company anticipates that these counterparties will be able to fully satisfy their obligations under the contracts. The Company has derivative contracts with three different counterparties as of December 31, 2012.

The following is the effect of derivative instruments on the condensed consolidated statement of operations for the three months ended December 31, 2012 and 2011 (in thousands):

The following is the effect of derivative instruments on the condensed consolidated statement of operations for the ninemonths ended December 31, 2012and 2011 (in thousands):

December 31,	Derivatives Designated as Cash Flow Hedges		(Loss)/Gain Recognized (3)	Location of Gain/(Loss) Recognized in Income on Derivatives		Gain Reclassified (4)
2012	Foreign exchange contracts	$	(201)	Cost of products sold	$	125
2011	Foreign exchange contracts	$	171	Cost of products sold	$	138
(3) Recognized in AOCL on Derivatives (Effective Portion)
(4) Reclassified from AOCL into Income (Effective Portion)

December 31,	Derivatives Not Designated as Hedging Instruments	Location of Gain Recognized in Income on Derivatives		Gain Recognized in Income on Derivatives
2012	Foreign exchange contracts	Foreign currency exchange gain	$	258
2011	Foreign exchange contracts	Foreign currency exchange gain	$	987

As of December 31,2012, the Company had no derivatives designated as net investments or fair value hedges in accordance with ASC Topic 815, “Derivatives and Hedging.”

The following is information relative to the Company's derivative instruments in the condensed consolidated balance sheet as of December 31, 2012(in thousands):

Derivatives Designated as Hedging Instruments	Balance Sheet Location		Fair Value of Asset (Liability)
Foreign exchange contracts	Other Assets	$	2
Foreign exchange contracts	Accrued Liabilities	$	(516)
Derivatives Not Designated as Hedging Instruments	Balance Sheet Location		Fair Value of Asset (Liability)
Foreign exchange contracts	Other Assets	$	9
Foreign exchange contracts	Accrued Liabilities	$	(237)

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Goodwill and Intangible Assets

9 Months Ended

Dec. 31, 2012

Goodwill And Intangible Assets Disclosure [Abstract]

Goodwill And Intangible Assets Disclosure [Text Block]

6.       Goodwill and Intangible Assets

Goodwill is not amortized but is tested for impairment at least annually or when indicators of impairment are identified, in accordance with the provisions of ASC Topic 350-20-35-1.  Goodwill impairment is deemed to exist if the net book value of a reporting unit exceeds its estimated fair value.  The fair value of a reporting unit is determined using a discounted cash flow methodology.  The Company's reporting units are determined based upon whether discrete financial information is available and reviewed regularly, whether those units constitute a business, and the extent of economic similarities between those reporting units for purposes of aggregation.  The Company's reporting units identified under ASC Topic 350-20-35-33 are at the component level, or one level below the reporting segment level as defined under ASC Topic 280-10-50-10 “Segment Reporting – Disclosure.” The Company has four reporting units.  Only two of the four reporting units carry goodwill at December 31, 2012 and March 31, 2012.

When we evaluate the potential for goodwill impairment, we assess a range of qualitative factors including, but not limited to, macroeconomic conditions, industry conditions, the competitive environment, changes in the market for our products and services, regulatory and political developments, entity specific factors such as strategy and changes in key personnel and overall financial performance. If, after completing this assessment, it is determined that it is more likely than not that the fair value of a reporting unit is less than its carrying value, we proceed to a two-step impairment test.

In accordance with ASC Topic 350-20-35-3, the assessment of goodwill for impairment consists of two steps. In the first step, the Company compares the fair value of each reporting unit to its carrying value. As part of the impairment analysis, the Company determines the fair value of each of its reporting units with goodwill using the income approach. The income approach uses a discounted cash flow methodology to determine fair value. This methodology recognizes value based on the expected receipt of future economic benefits. Key assumptions in the income approach include a free cash flow projection, an estimated discount rate, a long-term growth rate and a terminal value. These assumptions are based upon the Company's historical experience, current market trends and future expectations.

We performed our qualitative assessment including consideration of relevant events and circumstances impacting each of our reporting units during the fourth quarter of fiscal year 2012 and determined it was not more likely than not that the fair value of each of our reporting units was less than its applicable carrying value. Accordingly, we did not perform the two-step goodwill impairment test for any of our reporting units.

Future impairment indicators, such as declines in forecasted cash flows, may cause additional significant impairment charges. Impairment indicators could be based on such factors as the Company's stock price, forecasted cash flows, assumptions used, control premiums or other variables.

A summary of changes in goodwill during the nine months endedDecember 31, 2012is as follows (in thousands):

Balance at April 1, 2012	$	106,435
Currency translation		(374)
Balance at December 31, 2012	$	106,061

Identifiable intangible assets acquired in a business combination are amortized over their useful lives unless their useful lives are indefinite, in which case those intangible assets are tested for impairment annually (or upon identification of impairment indicators) and not amortized until their lives are determined to be finite.

Identifiable intangible assets are summarized as follows (in thousands):

		December 31, 2012						March 31, 2012
		Gross Carrying Amount		Accumulated Amortization		Net		Gross Carrying Amount		Accumulated Amortization		Net
Trademark	$	5,720	$	(1,332)	$	4,388	$	5,783	$	(1,109)	$	4,674
Customer relationships		14,605		(5,723)		8,882		14,808		(4,693)		10,115
Other		1,378		(367)		1,011		1,267		(265)		1,002
Total	$	21,703	$	(7,422)	$	14,281	$	21,858	$	(6,067)	$	15,791

Based on the current amount of identifiable intangible assets, the estimated amortization expense for each of the fiscal years 2013 through 2017 is expected to be in a range of $1,700,000 to $1,900,000.

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Marketable Securities (Tables)

9 Months Ended

12 Months Ended

Dec. 31, 2012

Mar. 31, 2012

Marketable Securities [Abstract]

Schedule Of Available For Sale Securities Reconciliation [Table Text Block]

				Gross Unrealized		Gross Unrealized		Estimated Fair
		Cost		Gains		Losses		Value
Marketable securities	$	21,385	$	2,320	$	6	$	23,699

		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Marketable securities	$	23,183	$	2,249	$	39	$	25,393

Schedule of Unrealized Loss on Investments [Table Text Block]

		Aggregate		Unrealized
		Fair Value		Losses
Securities in a continuous loss position for less than 12 months	$	1,125	$	6
Securities in a continuous loss position for more than 12 months		-		-
	$	1,125	$	6

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Loss Contingencies

9 Months Ended

Dec. 31, 2012

Loss Contingency [Abstract]

Commitments And Contingencies Disclosure [Text Block]

11.       Loss Contingencies

Like many industrial manufacturers, the Company is involved in asbestos-related litigation.  In continually evaluating costs relating to its estimated asbestos-related liability, the Company reviews, among other things, the incidence of past and recent claims, the historical case dismissal rate, the mix of the claimed illnesses and occupations of the plaintiffs, its recent and historical resolution of the cases, the number of cases pending against it, the status and results of broad-based settlement discussions, and the number of years such activity might continue. Based on this review, the Company has estimated its share of liability to defend and resolve probable asbestos-related personal injury claims. This estimate is highly uncertain due to the limitations of the available data and the difficulty of forecasting with any certainty the numerous variables that can affect the range of the liability. The Company will continue to study the variables in light of additional information in order to identify trends that may become evident and to assess their impact on the range of liability that is probable and estimable.

Based on actuarial information, the Company has estimated its asbestos-related aggregate liability including related legal costs to range between $8,000,000 and $13,000,000 using actuarial parameters of continued claims for a period of 18 to 30 years from December 31, 2012. The Company's estimation of its asbestos-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $10,700,000, which has been reflected as a liability in the consolidated financial statements as of December 31, 2012.The recorded liability does not consider the impact of any potential favorable federal legislation. This liability will fluctuate based on the uncertainty in the number of future claims that will be filed and the cost to resolve those claims, which may be influenced by a number of factors, including the outcome of the ongoing broad-based settlement negotiations, defensive strategies, and the cost to resolve claims outside the broad-based settlement program. Of this amount, management expects to incur asbestos liability settlement costs and legal fees of approximately $2,000,000 over the next 12 months. Because payment of the liability is likely to extend over many years, management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period.

The Company is also involved in other unresolved legal actions that arise in the normal course of business. The most prevalent of these unresolved actions involve disputes related to product design, manufacture and performance liability. The Company's estimation of its product-related aggregate liability that is probable and estimable, in accordance with U.S. generally accepted accounting principles approximates $6,400,000, which has been reflected as a liability in the consolidated financial statements as ofDecember 31, 2012.In some cases, we cannot reasonably estimate a range of loss because there is insufficient information regarding the matter. Management believes that the potential additional costs for claims will not have a material effect on the financial condition of the Company or its liquidity, although the effect of any future liabilities recorded could be material to earnings in a future period.

The total asbestos-related and product-related liability approximates $17,100,000 at December 31, 2012 and $20,500,000 at March 31, 2012. The decrease in these liabilities primarily resulted from the Company's implementation of a defensive strategy that is beginning to yield a higher dismissal rate than in the past year.

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Net Periodic Benefit Cost

9 Months Ended

Dec. 31, 2012

Net Periodic Benefit Cost [Abstract]

Postemployment Benefits Disclosure [Text Block]

9.       Net Periodic Benefit Cost

The following table sets forth the components of net periodic pension cost for the Company's defined benefit pension plans (in thousands):

		Three months ended				Nine Months Ended
		December 31, 2012				December 31, 2011
		2012		2011		2012		2011
Service costs	$	623	$	846	$	1,869	$	2,537
Interest cost		2,481		2,507		7,443		7,521
Expected return on plan assets		(2,803)		(2,689)		(8,410)		(8,065)
Net amortization		1,558		1,004		4,675		3,012
Curtailment (see below)		-		-		-		1,172
Net periodic pension cost	$	1,859	$	1,668	$	5,577	$	6,177

The Company currently plans to contribute approximately $10,400,000 to its pension plans in fiscal 2013.

The following table sets forth the components of net periodic postretirement benefit cost for the Company's defined benefit postretirement plans (in thousands):

		Three months ended				Nine Months Ended
		December 31, 2012				December 31, 2011
		2012		2011		2012		2011
Interest cost	$	78	$	120	$	234	$	359
Amortization of plan net losses		36		82		107		246
Net periodic postretirement cost	$	114	$	202	$	341	$	605

During the nine months endedDecember 31, 2011, the Company completed negotiations with one of its labor unions which resulted in an amendment to one of its pension plans. The Company recorded within cost of products sold for the nine months ended December 31, 2011a curtailment charge of $1,172,000 resulting from the amendment.

For additional information on the Company's defined benefit pension and postretirement benefit plans, refer to the consolidated financial statements included in the Company's annual report on Form 10-K for the year ended March 31, 2012.

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Pensions and Other Benefit Plans (Tables)

9 Months Ended

Dec. 31, 2012

Pension Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

		Three months ended				Nine Months Ended
		December 31, 2012				December 31, 2011
		2012		2011		2012		2011
Service costs	$	623	$	846	$	1,869	$	2,537
Interest cost		2,481		2,507		7,443		7,521
Expected return on plan assets		(2,803)		(2,689)		(8,410)		(8,065)
Net amortization		1,558		1,004		4,675		3,012
Curtailment (see below)		-		-		-		1,172
Net periodic pension cost	$	1,859	$	1,668	$	5,577	$	6,177

Other Postretirement Benefit Plans, Defined Benefit [Member]

Defined Benefit Plan Disclosure [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

		Three months ended				Nine Months Ended
		December 31, 2012				December 31, 2011
		2012		2011		2012		2011
Interest cost	$	78	$	120	$	234	$	359
Amortization of plan net losses		36		82		107		246
Net periodic postretirement cost	$	114	$	202	$	341	$	605

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Debt

9 Months Ended

Dec. 31, 2012

Debt Disclosure [Abstract]

Debt Disclosure [Text Block]

8. Debt

The Company entered into a fifth amended, restated and expanded revolving credit facility dated October 19, 2012 (New Revolving Credit Facility). The New Revolving Credit Facility provides availability up to a maximum of $100,000,000 and has an initial term ending October 31, 2017.

Provided there is no default, the Company may request an increase in the availability of the New Revolving Credit Facility by an amount not exceeding $75,000,000, subject to lender approval. The unused portion of the New Revolving Credit Facility totalled $88,530,000 net of outstanding borrowings of $0 and outstanding letters of credit of $11,470,000 as of December 31, 2012. The outstanding letters of credit at December 31, 2012 consisted of $2,362,000 in commercial letters of credit and $9,108,000 of standby letters of credit.  Interest on the revolver is payable at varying Eurodollar rates based on LIBOR plus an applicable margin of 100 basis points or at a Base Rate (equivalent to a fluctuating rate per annum equal to the higher of (a) the Federal Funds Rate plus 1/2 of 1% and (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate.”) plus 0 basis points.  The applicable margin is determined based on the pricing grid in the New Revolving Credit Facility which varies based on the Company's total leverage ratio at December 31, 2012. The New Revolving Credit Facility is secured by all U.S. inventory, receivables, equipment, real property, subsidiary stock (limited to 65% of non-U.S. subsidiaries) and intellectual property.

The corresponding credit agreement associated with the New Revolving Credit Facility places certain debt covenant restrictions on the Company, including certain financial requirements and restrictions on dividend payments, with which the Company was in compliance as of December 31, 2012. Key financial covenants include a minimum fixed charge coverage ratio of 1.25x, a maximum total leverage ratio, net of cash, of 3.50x and maximum annual capital expenditures of $30,000,000.

At March 31, 2012, the Company had entered into an amended, restated and expanded revolving credit facility dated December 31, 2009. The Revolving Credit Facility provided availability up to a maximum of $85,000,000 and had an initial term ending December 31, 2013. The Revolving Credit Facility was replaced by the New Revolving Credit Facility on October 19, 2012.

On January 25, 2011, the Company issued $150,000,000 principal amount of 7 7/8% Senior Subordinated Notes due 2019 in a private placement pursuant to Rule 144A under the Securities Act of 1933, as amended (Unregistered 7 7/8% Notes). The offering price of the Unregistered 7 7/8% Notes was 98.545% of par after adjustment for original issue discount.  

Provisions of the Unregistered 7 7/8% Notes include, without limitation, restrictions on indebtedness, asset sales, and dividends and other restricted payments. Until February 1, 2014, the Company may redeem up to 35% of the outstanding Unregistered 7 7/8% Notes at a redemption price of 107.875% with the proceeds of equity offerings, subject to certain restrictions. On or after February 1, 2015, the Unregistered 7 7/8% Notes are redeemable at the option of the Company, in whole or in part, at a redemption price of 103.938%, reducing to 101.969% and 100% on February 1, 2016 and February 1, 2017, respectively and are due February 1, 2019. In the event of a Change of Control (as defined in the indenture for such notes), each holder of the Unregistered 7 7/8% Notes may require the Company to repurchase all or a portion of such holder's Unregistered 7 7/8% Notes at a purchase price equal to 101% of the principal amount thereof. The Unregistered 7 7/8% Notes are guaranteed by certain existing and future U.S. subsidiaries and are not subject to any sinking fund requirements.

On June 2, 2011 the Company exchanged $150,000,000 of its outstanding Unregistered 7 7/8% Notes due 2019 for a like principal amount of its 7 7/8% Notes due 2019, registered under the Securities Act of 1933, as amended (7 7/8% Notes).  All of the Unregistered 7 7/8% Senior Subordinated Notes due 2019 were exchanged in the transaction. The 7 7/8% Notes contain identical terms and provisions as the Unregistered 7 7/8% Notes.

The Company's Notes payable to banks consist primarily of draws against unsecured non-U.S. lines of credit.  The Company's other senior debt consists primarily of capital lease obligations.

Unsecured and uncommitted lines of credit are available to meet short-term working capital needs for certain of our subsidiaries operating outside of the U.S. The lines of credit are available on an offering basis, meaning that transactions under the line of credit will be on such terms and conditions, including interest rate, maturity, representations, covenants and events of default, as mutually agreed between our subsidiaries and the local bank at the time of each specific transaction. As of December 31, 2012, unsecured credit lines totaled approximately $8,126,000, of which $0 was drawn. In addition to the above facilities, one of our foreign subsidiaries has a credit line secured by a parent company guarantee. This credit line provides availability of up to $963,000, of which $0 was drawn as of December 31, 2012.

Refer to the Company's consolidated financial statements included in its annual report on Form 10-K for the year ended March 31, 2012 for further information on its debt arrangements.

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Restructuring Charges

9 Months Ended

Dec. 31, 2012

Restructuring Charges [Abstract]

Restructuring And Related Activities Disclosure [Text Block]

12.       Restructuring Charges

The Company did not incur any restructuring costs during the three and nine months ended December 31, 2012. The Company incurred $430,000 in restructuring costs for the nine months ended December 31, 2011 primarily related to workforce reductions at one of its European facilities.

During the three and nine months period ended December 31, 2011 the Company recognized a net gain of $1,467,000 on the sale of one of its previously closed manufacturing facilities.  These net gains were recorded as a credit to restructuring expense in both periods.

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Income Taxes

9 Months Ended

Dec. 31, 2012

Income Tax Disclosure [Abstract]

Income Tax Disclosure [Text Block]

13.Income Taxes

Income tax expense as a percentage of income from continuing operations before income tax expense was 11% and 16% for the three month periods endedDecember 31, 2012 and 2011, respectively and 15% and 25% for the nine-month periods then ended, respectively.  Typically these percentages vary from the U.S. statutory rate primarily due to varying effective tax rates at the Company's foreign subsidiaries, and the jurisdictional mix of taxable income for these subsidiaries.  We estimate that the effective tax rate related to continuing operations will be approximately 13% to 17% for fiscal 2013 based on the forecasted jurisdictional mix of taxable income.

During the fiscal year ended March 31, 2011, the Company recorded a non-cash charge of $42,983,000 included within its provision for income taxes.  This charge relates to the Company's determination that a full valuation allowance against its deferred tax assets generated in the U.S and three of the Company's international subsidiaries was necessary.  Accounting rules require a reduction of the carrying amounts of deferred tax assets by a valuation allowance if, based on the available and objectively verifiable evidence, it is more likely than not that such assets will not be realized.  The existence of cumulative losses for a certain threshold period is a significant form of negative evidence used in the assessment.  If a cumulative loss threshold is met, the accounting rules indicate that forecasts of future profitability are generally not sufficient positive evidence to overcome the presumption that a valuation allowance is necessary.

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Earnings per share and stock plans (narrative) (details)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	275,000	448,000	275,000	215,000

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Earnings per share and stock plans 2 of 2	9 Months Ended
	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested [Roll Forward]
Number of shares of restricted stock vested and were issued	49,254

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Pension and Other Benefits (Details) (1) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Defined Benefit Plan, Curtailments				$ 1,172,000
Service costs			1,869,000	2,537,000
Interest cost			7,443,000	7,521,000
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Defined Benefit Plan, Curtailments	0	0
Service costs	623,000	846,000
Interest cost	2,481,000	2,507,000
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Interest cost	$ 78,000	$ 120,000	$ 234,000	$ 359,000

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Goodwill and Intangible Assets (Narratives) (Details) (USD $)	9 Months Ended
	Dec. 31, 2012
Goodwill And Intangible Assets Disclosure [Abstract]
Impairment charges related to goodwill or intangible assets	$ 0
2014	1,700,000
2015	1,700,000
2016	1,700,000
2017	1,700,000
2018	$ 1,700,000

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Fair Value Disclosure (Narratives) (Details)	9 Months Ended
	Dec. 31, 2012
Fair Value Disclosures [Abstract]
Fair Value, Held-to-maturity Securities, Valuation Techniques	0

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Fair value Measurements (Tables)

9 Months Ended

Dec. 31, 2012

Fair Value Disclosures [Abstract]

Schedule Of Fair Value Assets And Liabilities Measured On Recurring Basis [Table Text Block]

	Fair value measurements at reporting date using
				Quoted prices in		Significant other		Significant
				active markets for		observable		unobservable
		At December 31,		identical assets		inputs		inputs
Description		2012		(Level 1)		(Level 2)		(Level 3)
Assets/(Liabilities) measured at fair value:
Marketable securities	$	23,699	$	23,699	$	0	$	0
Derivative liabilities		(742)		0		(742)		0
Other equity investments		1,176		1,176		0		0
Assets/(Liabilities) disclosed at fair value:
Subordinated debt	$	(160,875)	$	0	$	(160,875)	$	0
Senior debt		(3,989)		0		(3,989)		0

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Net Periodic Benefit Cost (Tables)

9 Months Ended

Dec. 31, 2012

Pension Plans, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

		Three months ended				Nine Months Ended
		December 31, 2012				December 31, 2011
		2012		2011		2012		2011
Service costs	$	623	$	846	$	1,869	$	2,537
Interest cost		2,481		2,507		7,443		7,521
Expected return on plan assets		(2,803)		(2,689)		(8,410)		(8,065)
Net amortization		1,558		1,004		4,675		3,012
Curtailment (see below)		-		-		-		1,172
Net periodic pension cost	$	1,859	$	1,668	$	5,577	$	6,177

Other Postretirement Benefit Plans, Defined Benefit [Member]

Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]

Schedule of Net Benefit Costs [Table Text Block]

		Three months ended				Nine Months Ended
		December 31, 2012				December 31, 2011
		2012		2011		2012		2011
Interest cost	$	78	$	120	$	234	$	359
Amortization of plan net losses		36		82		107		246
Net periodic postretirement cost	$	114	$	202	$	341	$	605

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Summary Financial Information (Consolidated Statements of Cash Flows ) (Details) (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011
Net Cash Provided By Used In Operating Activities [Abstract]
Net Cash Provided By Used In Operating Activities	$ 26,287	$ 13,463
Net Cash Provided By Used In Investing Activities [Abstract]
Purchase of marketable securities, net	2,183	(1,244)
Capital expenditures	(7,139)	(10,464)
Net Cash Provided By Used In Investing Activities	(2,599)	(10,196)
Proceeds from sale of businesses or assets	2,357	1,971
Net cash provided by investing activities from discontinued operations	0	409
Proceeds from sale of marketable securities	4,907	5,747
Purchases of marketable securities	2,724	4,503
AcquisitionCosts		(3,356)
Net Cash Provided By Used In Financing Activities [Abstract]
Net payments under lines-of-credit	(52)	(238)
Other	(958)	(164)
Net Cash Provided By Used In Financing Activities	(778)	1,331
Proceeds from exercise of stock options	232	1,733
Payments of Financing Costs	(684)
Repayments Of Long Term Debt And Capital Securities	(592)	(488)
Increase Decrease In Employee Stock Options Guarantee	(318)	(324)
Effect Of Exchange Rate On Cash And Cash Equivalents	(446)	(2,704)
Cash And Cash Equivalents Period Increase Decrease	22,464	1,894
Cash And Cash Equivalents At Carrying Value - Beginning of Period	89,473	80,139
Cash And Cash Equivalents At Carrying Value - End of Period	111,937	82,033
Parent Company [Member]
Net Cash Provided By Used In Operating Activities [Abstract]
Net Cash Provided By Used In Operating Activities	15,908	8,044
Net Cash Provided By Used In Investing Activities [Abstract]
Purchase of marketable securities, net	0	0
Capital expenditures	(4,683)	(8,553)
Net Cash Provided By Used In Investing Activities	(4,683)	(6,173)
Proceeds from sale of businesses or assets		1,971
Net cash provided by investing activities from discontinued operations		409
Net Cash Provided By Used In Financing Activities [Abstract]
Net payments under lines-of-credit		0
Other	(160)	324
Net Cash Provided By Used In Financing Activities	72	2,057
Proceeds from exercise of stock options	232	1,733
Effect Of Exchange Rate On Cash And Cash Equivalents	0	0
Cash And Cash Equivalents Period Increase Decrease	11,297	3,928
Cash And Cash Equivalents At Carrying Value - Beginning of Period	55,958	45,954
Cash And Cash Equivalents At Carrying Value - End of Period	67,255	49,882
Guarantor Subsidiaries [Member]
Net Cash Provided By Used In Operating Activities [Abstract]
Net Cash Provided By Used In Operating Activities	(1,715)	2,942
Net Cash Provided By Used In Investing Activities [Abstract]
Purchase of marketable securities, net		0
Capital expenditures	(445)	(702)
Net Cash Provided By Used In Investing Activities	1,912	(702)
Proceeds from sale of businesses or assets	2,357
Net Cash Provided By Used In Financing Activities [Abstract]
Net payments under lines-of-credit		0
Other	(202)	(177)
Net Cash Provided By Used In Financing Activities	(202)	(177)
Effect Of Exchange Rate On Cash And Cash Equivalents	0	0
Cash And Cash Equivalents Period Increase Decrease	(5)	2,063
Cash And Cash Equivalents At Carrying Value - Beginning of Period	5	7
Cash And Cash Equivalents At Carrying Value - End of Period	0	2,070
Non-Guarantor Subsidiaries [Member]
Net Cash Provided By Used In Operating Activities [Abstract]
Net Cash Provided By Used In Operating Activities	12,094	2,477
Net Cash Provided By Used In Investing Activities [Abstract]
Purchase of marketable securities, net	2,183	(1,244)
Capital expenditures	(2,011)	(1,209)
Net Cash Provided By Used In Investing Activities	172	(3,321)
AcquisitionCosts		(3,356)
Net Cash Provided By Used In Financing Activities [Abstract]
Net payments under lines-of-credit	(52)	(238)
Other	(596)	(311)
Net Cash Provided By Used In Financing Activities	(648)	(549)
Effect Of Exchange Rate On Cash And Cash Equivalents	(446)	(2,704)
Cash And Cash Equivalents Period Increase Decrease	11,172	(4,097)
Cash And Cash Equivalents At Carrying Value - Beginning of Period	33,510	34,178
Cash And Cash Equivalents At Carrying Value - End of Period	44,682	30,081
Consolidation, Eliminations [Member]
Net Cash Provided By Used In Operating Activities [Abstract]
Net Cash Provided By Used In Operating Activities	0
Net Cash Provided By Used In Financing Activities [Abstract]
Other	0
Net Cash Provided By Used In Financing Activities	0
Effect Of Exchange Rate On Cash And Cash Equivalents	$ 0

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Net Periodic Benefit Cost (Components of net periodic pension cost and net periodic postretirement benefit cost) (Details) (USD $)	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Defined Benefit Plan Disclosure [Line Items]
Service costs			$ 1,869,000	$ 2,537,000
Interest cost			7,443,000	7,521,000
Expected return on plan assets			(8,410,000)	(8,065,000)
Net amortization			4,675,000	3,012,000
Defined Benefit Plan, Curtailments				1,172,000
Net periodic pension cost			5,577,000	6,177,000
Pension Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Service costs	623,000	846,000
Interest cost	2,481,000	2,507,000
Expected return on plan assets	(2,803,000)	(2,689,000)
Net amortization	1,558,000	1,004,000
Defined Benefit Plan, Curtailments	0	0
Net periodic pension cost	1,859,000	1,668,000
Other Postretirement Benefit Plans, Defined Benefit [Member]
Defined Benefit Plan Disclosure [Line Items]
Interest cost	78,000	120,000	234,000	359,000
Net amortization			107,000	246,000
Net periodic pension cost	114,000	202,000	341,000	605,000
Amortization of plan net losses	$ 36,000	$ 82,000

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Consolidated Statements of Comprehensive (Loss) Income (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Statement Of Income And Comprehensive Income [Abstract]
Net income (loss)	$ 9,579	$ 8,515	$ 26,267	$ 17,970
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent [Abstract]
Foreign currency translation adjustments	2,604	(3,597)	40	(8,047)
Change in derivatives qualifying as hedges, net of deferred tax expense of $(3), $17, $(3), and $154	(138)	(36)	326	36
Unrealized holding gain (loss) arising during the period, net of deferred taxes of $0 for all periods	194	610	(489)	198
Reclassification adjustment for gain included in net income, net of deferred tax expense of $0 for all periods	(253)	32	(400)	157
Total Adjustments	(59)	642	89	355
Total other comprehensive (loss) income	2,407	(2,991)	277	(7,656)
Comprehensive Income Net Of Tax	$ 11,986	$ 5,524	$ (25,990)	$ 10,314

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Marketable Securities

9 Months Ended

12 Months Ended

Dec. 31, 2012

Mar. 31, 2012

Marketable Securitiesb [Abstract]

Available For Sale Securities [Text Block]

5.       Marketable Securities

All of the Company's marketable securities, which consist of equity securities and fixed income securities, have been classified as available-for-sale securities and are therefore recorded at their fair values with the unrealized gains and losses, net of tax, reported in accumulated other comprehensive income (loss) in the shareholders' equity section of the balance sheet unless unrealized losses are deemed to be other than temporary. In such instances, the unrealized losses are reported in the consolidated statements of operations and retained earnings within investment income. Estimated fair value is based on published trading values at the balance sheet dates. The cost of securities sold is based on the specific identification method. Interest and dividend income are included in investment income in the consolidated statements of operations and retained earnings.

The marketable securities are carried as long-term assets since they are held for the settlement of the Company's general and products liability insurance claims filed through CM Insurance Company, Inc., a wholly owned captive insurance subsidiary.  The marketable securities are not available for general working capital purposes.

In accordance with ASC Topic 320-10-35-30 “Investments – Debt & Equity Securities – Subsequent Measurement,” the Company reviews its marketable securities for declines in market value that may be considered other-than-temporary. The Company generally considers market value declines to be other-than-temporary if there are declines for a period longer than six months and in excess of 20% of original cost, or when other evidence indicates impairment.  There were no other-than-temporary impairments for the nine months endedDecember 31, 2012 or December 31, 2011.

The following is a summary of available-for-sale securities atDecember 31, 2012 (in thousands):

				Gross Unrealized		Gross Unrealized		Estimated Fair
		Cost		Gains		Losses		Value
Marketable securities	$	21,385	$	2,320	$	6	$	23,699

The aggregate fair value of investments and unrealized losses on available-for-sale securities in an unrealized loss position at December 31,2012 are as follows (in thousands):

		Aggregate		Unrealized
		Fair Value		Losses
Securities in a continuous loss position for less than 12 months	$	1,125	$	6
Securities in a continuous loss position for more than 12 months		-		-
	$	1,125	$	6

Net realized gains related to sales of marketable securities were$147,000 and$31,000, in the three-month periods ended December 31, 2012andDecember 31, 2011, respectivelyand $399,000 and $152,000 for the nine month periods then ended, respectively.

The following is a summary of available-for-sale securities atMarch 31, 2012 (in thousands):

		Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value
Marketable securities	$	23,183	$	2,249	$	39	$	25,393

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Accumulated other comprehensive loss 2 of 2 (Details) (USD $) In Thousands, unless otherwise specified	3 Months Ended		9 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2012	Dec. 31, 2011
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Unrealized holding gain (loss) arising during the period, net of deferred taxes of $0 for all periods	$ 194	$ 610	$ (489)	$ 198
Reclassification adjustment for gain included in net income, net of deferred tax expense of $0 for all periods	$ 253	$ (32)	$ 400	$ (157)

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Earnings Per Share (Tables)

9 Months Ended

Dec. 31, 2012

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

		Three months ended				Nine Months Ended
		December 31, 2012		December 31, 2011		December 31, 2012		December 30, 2011
Numerator for basic and diluted earnings per share:
Net income	$	9,579	$	8,515	$	26,267	$	17,970
Denominators:
Weighted-average common stock outstanding – denominator for basic EPS		19,451		19,313		19,406		19,256
Effect of dilutive employee stock options and other share-based awards		246		175		214		270
Adjusted weighted-average common stock outstanding and assumed conversions – denominator for diluted EPS		19,697		19,488		19,620		19,526

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Derivative Instruments (Derivative instruments in the condensed consolidated balance sheet) (Details) (Foreign Exchange Contract [Member], USD $) In Thousands, unless otherwise specified	Dec. 31, 2012
Designated As Hedging Instrument [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	$ 2
Designated As Hedging Instrument [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	(516)
Derivatives Not Designated As Hedging Instruments [Member] | Other Assets [Member]
Derivatives, Fair Value [Line Items]
Derivative assets, fair value	9
Derivatives Not Designated As Hedging Instruments [Member] | Accrued Liabilities [Member]
Derivatives, Fair Value [Line Items]
Derivative liability, fair value	$ (237)

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New Accounting Standards

9 Months Ended

Dec. 31, 2012

New Accounting Standards [Abstract]

Schedule Of New Accounting Pronouncements And Changes In Accounting Principles [Text Block]

15.       Effects of New Accounting Pronouncements

In October 2012, the FASB issued ASU No. 2012-04, “Technical Corrections and Improvements” which amends a wide variety of Topics in the FASB Accounting Standards Codification ("Codification”). The amendments in ASU No. 2012-04 represent changes to clarify the Codification, correct unintended application of guidance, or make minor improvements to the Codification that are not expected to have a significant effect on current accounting practice. The adoption of ASU 2012-04 in fiscal 2013 did not have a significant impact on the Company's condensed consolidated financial statements.

In August 2012, the FASB issued ASU No. 2012-03, “Technical Amendments and Corrections to SEC Sections: Amendments to SEC Paragraphs Pursuant to SEC Staff Accounting Bulletin (SAB) No. 114, Technical Amendments Pursuant to SEC Release No. 33-9250, and Corrections Related to FASB Accounting Standards Update 2010-22 (SEC Update)”. This update amends various SEC paragraphs pursuant to the issuance of SAB No. 114. The adoption of ASU 2012-03 did not have a significant impact on the Company's condensed consolidated financial statements.

In July 2012, the FASB issued ASU No. 2012-02, which updated the guidance in ASC Topic 350, Intangibles – Goodwill and Other. The amendments in this Update will allow an entity to first assess qualitative factors to determine whether it is necessary to perform a quantitative impairment test. Under these amendments, an entity would not be required to calculate the fair value of an indefinite-lived intangible asset unless the entity determines, based on qualitative assessment, that it is not more likely than not, the indefinite-lived intangible asset is impaired. The amendments include a number of events and circumstances for an entity to consider in conducting the qualitative assessment. The amendments are effective for annual and interim impairment tests performed for fiscal years beginning after September 15, 2012. Early adoption is permitted. The amendments are not expected to have an impact on our financial condition or results of operations.

In June 2011, the FASB issued ASU No. 2011-05, Presentation of Comprehensive Income (“ASU 2011-05”), effective for fiscal years, and interim periods within those years, beginning after December 15, 2011.  The issuance of ASU 2011-5 is intended to improve the comparability, consistency and transparency of financial reporting and to increase the prominence of items reported in other comprehensive income.  The guidance in ASU 2011-5 supersedes the presentation options in ASC Topic 220 and facilitates convergence of U.S. generally accepted accounting principles and International Financial Reporting Standards by eliminating the option to present components of other comprehensive income as part of the statement of changes in stockholders' equity and requiring that all nonowner changes in stockholders' equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.  The adoption of ASU 2011-05 in fiscal 2013 did not have a significant impact on the Company's condensed consolidated financial statements.

In May 2011 the FASB issued ASU No. 2011-04, Fair Value Measurements (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in US GAAP and International Financial Reporting Standards (“IFRS”) (“ASU 2011-04”).  ASU 2011-04 represents the converged guidance of the FASB and the International Accounting Standards Board (the “Boards”) on fair value measurements.  The collective efforts of the Boards and their staffs, reflected in ASU 2011-04, have resulted in common requirements for measuring fair value and for disclosing information about fair value measurements, including a consistent meaning of the term “fair value.” The Boards have concluded the common requirements will result in greater comparability of fair value measurements presented and disclosed in financial statements prepared in accordance with GAAP and IFRS.  The amendments in this ASU are required to be applied prospectively, and are effective for interim and annual periods beginning after December 15, 2011.  The adoption of ASU 2011-04 in fiscal 2013 did not have a significant impact on the Company's condensed consolidated financial statements.

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