1. Description of business and basis of presentation

Douglas Dynamics, Inc. (the “Company,”) manufactures vehicle attachments and equipment. The Company’s portfolio includes snow and ice management attachments sold under the BLIZZARD®, FISHER®, SNOWEX® and WESTERN® brands, turf care equipment under the TURFEX® brand, and industrial maintenance equipment under the SWEEPEX® brand.  On December 31, 2014, the Company acquired Henderson Enterprises Group, Inc. (“Henderson”). The acquisition provides the Company with Henderson’s diverse product portfolio including ice control equipment, snow plows, dump bodies, muni-bodies, and replacement parts. The Company acquired Henderson’s brands, and access to Henderson’s network of authorized dealers in addition to Henderson’s six truck equipment distribution centers. The Company is headquartered in Milwaukee, WI and currently has manufacturing facilities in Milwaukee, WI, Rockland, ME, and Madison Heights, MI. The Company closed its Johnson City, TN facility in August 2010 and sold this facility on April 30, 2014. With the Henderson acquisition, the Company also has a production facility in Manchester, Iowa and operates six truck equipment installation and distribution centers in New York, Iowa, Missouri, Ohio, New Jersey and Illinois.  The Company operates as a single segment.