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, 2019

Summary of lease expense and supplemental cash flow information


		Three Months Ended		Six Months Ended
		June 30, 2019		June 30, 2019
Operating lease expense		$ 1,144		$ 2,276

Short term lease cost		$ 96		$ 196

Total lease cost		$ 1,240		$ 2,472

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Six Months Ended
	June 30, 2019

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

Summary of supplemental balance sheet information related to leases


	June 30, 2019
Operating Leases
Operating lease right-of-use assets	$ 22,324

Other current liabilities	3,480
Operating lease liabilities	19,023
Total operating lease liabilities	$ 22,503

Weighted Average Remaining Lease Term
Operating leases	83	months

Weighted Average Discount Rate
Operating leases	5.36%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2019 (excluding the six months ended June 30, 2019)		$ 2,318
2020		4,392
2021		4,132
2022		3,815
2023		3,369
Thereafter		8,831
Total Lease Payments		26,857
Less: imputed interest		(4,354)
Total		$ 22,503

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