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, 2021

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Nine Months Ended		Three Months Ended			Nine Months Ended
		September 30, 2021			September 30, 2021		September 30, 2020			September 30, 2020
Operating lease expense		$ 1,433			$ 4,215		$ 1,364			$ 3,972
Short term lease cost		$ 34			$ 192		$ 141			$ 286
Total lease cost		$ 1,467			$ 4,407		$ 1,505			$ 4,258

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Nine Months Ended		Nine Months Ended
	September 30, 2021		September 30, 2020

Cash paid for amounts included in the measurement of operating lease liabilities	$ 4,142		$ 3,911
Non-cash lease expense - right-of-use assets	$ 2,360		$ 3,095
Right-of-use assets obtained in exchange for operating lease obligations	$ 865		$ 3,796

Summary of supplemental balance sheet information related to leases


	September 30, 2021		December 31, 2020
Operating Leases
Operating lease right-of-use assets	$ 19,080		$ 21,441

Other current liabilities	4,623		4,326
Operating lease liabilities	14,840		17,434
Total operating lease liabilities	$ 19,463		$ 21,760

Weighted Average Remaining Lease Term
Operating leases	59	months	67	months

Weighted Average Discount Rate
Operating leases	5.06%		5.16%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2021 (excluding the nine months ended September 30, 2021)		$ 1,405
2022		5,266
2023		4,634
2024		3,875
2025		3,113
Thereafter		3,619
Total Lease Payments		21,912
Less: imputed interest		(2,449)
Total		$ 19,463