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

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

6 Months Ended

Jun. 30, 2023

17.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes to accumulated other comprehensive income by component for the six months ended June 30, 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 gain before reclassifications		1,401			—			1,401
Amounts reclassified from accumulated other comprehensive income (loss): (1)		(1,516	)		(107	)		(1,623	)
Balance at June 30, 2023	$	6,000		$	2,906		$	8,906

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(144	)
Tax expense		37
Reclassification net of tax	$	(107	)

Realized gains on interest rate swaps reclassified to interest expense	$	(2,048	)
Tax expense		532
Reclassification net of tax	$	(1,516	)

Changes to accumulated other comprehensive income (loss) by component for the six months ended June 30, 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		4,443			—			4,443
Amounts reclassified from accumulated other comprehensive income (loss): (1)		1,329			(82	)		1,247
Balance at June 30, 2022	$	2,248		$	2,389		$	4,637

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(110	)
Tax expense		28
Reclassification net of tax	$	(82	)

Realized losses on interest rate swaps reclassified to interest expense	$	1,796
Tax benefit		(467	)
Reclassification net of tax	$	1,329