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, 2020

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Three Months Ended
		March 31, 2020			March 31, 2019
Operating lease expense		$ 1,311			$ 1,132
Short term lease cost		$ 39			$ 100
Total lease cost		$ 1,350			$ 1,232

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Three Months Ended		Three Months Ended
	March 31, 2020		March 31, 2019

Cash paid for amounts included in the measurement of operating lease liabilities	$ 1,303		$ 765
Non-cash lease expense - right-of-use assets	$ 1,015		$ 785
Right-of-use assets obtained in exchange for operating lease obligations	$ 321		$ 56

Summary of supplemental balance sheet information related to leases


	March 31, 2020		December 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 21,555		$ 22,557

Other current liabilities	3,770		3,822
Operating lease liabilities	18,010		18,981
Total operating lease liabilities	$ 21,780		$ 22,803

Weighted Average Remaining Lease Term
Operating leases	75	months	78	months

Weighted Average Discount Rate
Operating leases	5.31%		5.32%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2020 (excluding the three months ended March 31, 2020)		$ 3,704
2021		4,716
2022		4,307
2023		3,824
2024		3,194
Thereafter		6,146
Total Lease Payments		25,891
Less: imputed interest		(4,111)
Total		$ 21,780