Douglas Dynamics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)

9 Months Ended

Sep. 30, 2022

Notes Tables

Lease, Cost [Table Text Block]

		*Three Months Ended September 30, 2022*				*Nine Months Ended September 30, 2022*				*Three Months Ended September 30, 2021*				*Nine Months Ended September 30, 2021*
Operating lease expense		$	1,376			$	4,158			$	1,433			$	4,215
Short term lease cost		$	85			$	274			$	34			$	192
Total lease cost		$	1,461			$	4,432			$	1,467			$	4,407

		*Nine Months Ended September 30, 2022*				*Nine Months Ended September 30, 2021*

Cash paid for amounts included in the measurement of operating lease liabilities		$	4,301			$	4,142
Non-cash lease expense - right-of-use assets		$	3,566			$	2,360
Right-of-use assets obtained in exchange for operating lease obligations		$	2,126			$	865

Lessee Operating Lease Supplemental Balance Sheet Information [Table Text Block]

		*September 30, 2022*				*December 31, 2021*
Operating Leases
Operating lease right-of-use assets		$	16,980			$	18,462

Other current liabilities			4,748				4,623
Operating lease liabilities			13,726				15,408
Total operating lease liabilities		$	18,474			$	20,031

Weighted Average Remaining Lease Term
Operating leases (in months)			57				62

Weighted Average Discount Rate
Operating leases			4.64	%			4.79	%

Lessee, Operating Lease, Liability, Maturity [Table Text Block]

Year ending December 31,		*Operating Leases*
2022 (excluding the nine months ended September 30, 2022)		$	1,397
2023			5,377
2024			4,503
2025			3,694
2026			2,555
Thereafter			2,916
Total Lease Payments			20,442
Less: imputed interest			(1,968	)
Total		$	18,474