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

Note 17 - Changes in Accumulated Other Comprehensive Income (Loss) by Component

3 Months Ended

Mar. 31, 2023

17.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes to accumulated other comprehensive income (loss) by component for the three months ended March 31, 2023 are as follows:

	*Unrealized*
	*Net Gain (Loss)*			*Retiree*
	*on Interest*			*Health*
	*Rate*			*Benefit*
	*Swap*			*Obligation*			*Total*
Balance at December 31, 2022	$	6,115		$	3,013		$	9,128
Other comprehensive loss before reclassifications		(871	)		—			(871	)
Amounts reclassified from accumulated other comprehensive income (loss): (1)		(665	)		(53	)		(718	)
Balance at March 31, 2023	$	4,579		$	2,960		$	7,539

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(72	)
Tax expense		19
Reclassification net of tax	$	(53	)

Realized gains on interest rate swaps reclassified to interest expense	$	(899	)
Tax expense		234
Reclassification net of tax	$	(665	)

Changes to accumulated other comprehensive income (loss) by component for the three months ended March 31, 2022, are as follows:

	*Unrealized*
	*Net Gain (Loss)*			*Retiree*
	*on Interest*			*Health*
	*Rate*			*Benefit*
	*Swap*			*Obligation*			*Total*
Balance at December 31, 2021	$	(3,524	)	$	2,471		$	(1,053	)
Other comprehensive gain before reclassifications		3,517			—			3,517
Amounts reclassified from accumulated other comprehensive income (loss): (1)		762			(41	)		721
Balance at March 31, 2022	$	755		$	2,430		$	3,185

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(55	)
Tax expense		14
Reclassification net of tax	$	(41	)

Realized losses on interest rate swaps reclassified to interest expense	$	1,030
Tax benefit		(268	)
Reclassification net of tax	$	762