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, 2021

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Six Months Ended		Three Months Ended			Six Months Ended
		June 30, 2021			June 30, 2021		June 30, 2020			June 30, 2020
Operating lease expense		$ 1,411			$ 2,782		$ 1,297			$ 2,608
Short term lease cost		$ 43			$ 158		$ 106			$ 145
Total lease cost		$ 1,454			$ 2,940		$ 1,403			$ 2,753

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Six Months Ended		Six Months Ended
	June 30, 2021		June 30, 2020

Cash paid for amounts included in the measurement of operating lease liabilities	$ 2,747		$ 2,618
Non-cash lease expense - right-of-use assets	$ 1,681		$ 2,076
Right-of-use assets obtained in exchange for operating lease obligations	$ 360		$ 2,697

Summary of supplemental balance sheet information related to leases


	June 30, 2021		December 31, 2020
Operating Leases
Operating lease right-of-use assets	$ 19,759		$ 21,441

Other current liabilities	4,588		4,326
Operating lease liabilities	15,516		17,434
Total operating lease liabilities	$ 20,104		$ 21,760

Weighted Average Remaining Lease Term
Operating leases	61	months	67	months

Weighted Average Discount Rate
Operating leases	5.14%		5.16%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2021 (excluding the six months ended June 30, 2021)		$ 2,787
2022		5,165
2023		4,524
2024		3,771
2025		3,016
Thereafter		3,562
Total Lease Payments		22,825
Less: imputed interest		(2,721)
Total		$ 20,104