Douglas Dynamics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

3 Months Ended

Mar. 31, 2021

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Three Months Ended
		March 31, 2021			March 31, 2020
Operating lease expense		$ 1,371			$ 1,311
Short term lease cost		$ 115			$ 39
Total lease cost		$ 1,486			$ 1,350

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Three Months Ended		Three Months Ended
	March 31, 2021		March 31, 2020

Cash paid for amounts included in the measurement of operating lease liabilities	$ 1,356		$ 1,303
Non-cash lease expense - right-of-use assets	$ 1,036		$ 1,015
Right-of-use assets obtained in exchange for operating lease obligations	$ 65		$ 321

Summary of supplemental balance sheet information related to leases


	March 31, 2021		December 31, 2020
Operating Leases
Operating lease right-of-use assets	$ 20,404		$ 21,441

Other current liabilities	4,359		4,326
Operating lease liabilities	16,380		17,434
Total operating lease liabilities	$ 20,739		$ 21,760

Weighted Average Remaining Lease Term
Operating leases	64	months	67	months

Weighted Average Discount Rate
Operating leases	5.16%		5.16%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2021 (excluding the three months ended March 31, 2021)		$ 3,981
2022		4,954
2023		4,406
2024		3,745
2025		3,016
Thereafter		3,562
Total Lease Payments		23,664
Less: imputed interest		(2,925)
Total		$ 20,739