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)

9 Months Ended

Sep. 30, 2019

Summary of lease expense and supplemental cash flow information


		Three Months Ended		Nine Months Ended
		September 30, 2019		September 30, 2019
Operating lease expense		$ 1,286		$ 3,562
Short term lease cost		$ 121		$ 317
Total lease cost		$ 1,407		$ 3,879

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Nine Months Ended
	September 30, 2019

Cash paid for amounts included in the measurement of operating lease liabilities	$ 3,392
Non-cash lease expense - right-of-use assets	$ 2,679
Right-of-use assets obtained in exchange for operating lease obligations	$ 3,525

Summary of supplemental balance sheet information related to leases


	September 30, 2019
Operating Leases
Operating lease right-of-use assets	$ 22,203

Other current liabilities	3,626
Operating lease liabilities	18,813
Total operating lease liabilities	$ 22,439

Weighted Average Remaining Lease Term
Operating leases	79	months

Weighted Average Discount Rate
Operating leases	5.37%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2019 (excluding the nine months ended September 30, 2019)		$ 1,208
2020		4,616
2021		4,359
2022		4,046
2023		3,604
Thereafter		8,728
Total Lease Payments		26,561
Less: imputed interest		(4,122)
Total		$ 22,439

Summary of future minimum lease payments at December 31, 2018 under ASC 840


			Related Party Leases		Third Party Leases		Total Leases

2019		$	2,250	$	2,009	$	4,259
2020			2,250		1,654		3,904
2021			2,250		1,364		3,614
2022			2,250		949		3,199
2023			2,130		574		2,704
Thereafter			4,410		1,500		5,910
Total lease obligations		$	15,540	$	8,050	$	23,590