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)

6 Months Ended

Jun. 30, 2020

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Six Months Ended		Three Months Ended			Six Months Ended
		June 30, 2020			June 30, 2020		June 30, 2019			June 30, 2019
Operating lease expense		$ 1,297			$ 2,608		$ 1,144			$ 2,276
Short term lease cost		$ 106			$ 145		$ 96			$ 196
Total lease cost		$ 1,403			$ 2,753		$ 1,240			$ 2,472

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Six Months Ended		Six Months Ended
	June 30, 2020		June 30, 2019

Cash paid for amounts included in the measurement of operating lease liabilities	$ 2,618		$ 2,209
Non-cash lease expense - right-of-use assets	$ 2,076		$ 1,702
Right-of-use assets obtained in exchange for operating lease obligations	$ 2,697		$ 2,099

Summary of supplemental balance sheet information related to leases


	June 30, 2020		December 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 22,460		$ 22,557

Other current liabilities	4,085		3,822
Operating lease liabilities	18,638		18,981
Total operating lease liabilities	$ 22,723		$ 22,803

Weighted Average Remaining Lease Term
Operating leases	72	months	78	months

Weighted Average Discount Rate
Operating leases	5.18%		5.32%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2020 (excluding the six months ended June 30, 2020)		$ 2,591
2021		5,020
2022		4,658
2023		4,108
2024		3,509
Thereafter		6,471
Total Lease Payments		26,357
Less: imputed interest		(3,634)
Total		$ 22,723