Douglas Dynamics, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Note 2 - Summary of Significant Accounting Policies (Tables)

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

Financing Receivable, Allowance for Credit Loss [Table Text Block]

		*Balance at*				*Additions (reductions)*												*Balance at*
		*December 31,*				*charged to*								*Changes to*				*December 31,*
		*2021*				*earnings*				*Writeoffs*				*reserve, net*				*2022*
Year Ended December 31, 2022
Work Truck Attachments		$	1,430			$	(432	)		$	-			$	2			$	1,000
Work Truck Solutions			1,540				(1,044	)			(109	)			(21	)			366
Total		$	2,970			$	(1,476	)		$	(109	)		$	(19	)		$	1,366

		Balance at				Additions (reductions)												Balance at
		December 31,				charged to								Changes to				December 31,
		2020				earnings				Writeoffs				reserve, net				2021
Year Ended December 31, 2021
Work Truck Attachments		$	1,480			$	(60	)		$	-			$	10			$	1,430
Work Truck Solutions			1,449				127				(10	)			(26	)			1,540
Total		$	2,929			$	67			$	(10	)		$	(16	)		$	2,970

Property, Plant and Equipment [Table Text Block]

		*Years*
Land improvements and buildings		15 - 40
Leasehold improvements		12
Machinery and equipment		3 - 20
Furniture and fixtures		3 - 12
Mobile equipment and other		3 - 10

Schedule of Changes In Deferred Financing Costs [Table Text Block]

Balance at December 31, 2019		$	1,563
Deferred financing costs capitalized on new debt			1,133
Write-off of unamortized deferred financing costs			(197	)
Amortization of deferred financing costs			(763	)
Balance at December 31, 2020			1,736
Deferred financing costs capitalized on new debt			1,409
Write-off of unamortized deferred financing costs			(972	)
Amortization of deferred financing costs			(493	)
Balance at December 31, 2021			1,680
Amortization of deferred financing costs			(379	)
Balance at December 31, 2022		$	1,301

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		*Fair Value at December 31, 2022*				*Fair Value at December 31, 2021*
Assets:
Non-qualified benefit plan assets (a)		$	8,874			$	10,347
Interest rate swaps (b)			7,039				-

Total Assets		$	15,913			$	10,347

Liabilities:
Interest rate swaps (b)			-				6,428
Long term debt (c)			207,737				218,875

Total Liabilities		$	207,737			$	225,303