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

Note 19 - Changes in Accumulated Other Comprehensive Income by Component

9 Months Ended

Sep. 30, 2024

19.

Changes in Accumulated Other Comprehensive Income by Component

Changes to accumulated other comprehensive income by component for the nine months ended September 30, 2024 are as follows:

	*Unrealized*
	*Net Gain (Loss)*			*Retiree*
	*on Interest*			*Health*
	*Rate*			*Benefit*
	*Swap*			*Obligation*			*Total*
Balance at December 31, 2023	$	3,331		$	3,025		$	6,356
Other comprehensive gain before reclassifications		386			—			386
Amounts reclassified from accumulated other comprehensive income (loss): (1)		(2,425	)		(120	)		(2,545	)
Balance at September 30, 2024	$	1,292		$	2,905		$	4,197

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(162	)
Tax expense		42
Reclassification net of tax	$	(120	)

Realized gains on interest rate swaps reclassified to interest expense	$	(3,277	)
Tax expense		852
Reclassification net of tax	$	(2,425	)

Changes to accumulated other comprehensive income by component for the nine months ended September 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		2,238			—			2,238
Amounts reclassified from accumulated other comprehensive income (loss): (1)		(2,441	)		(160	)		(2,601	)
Balance at September 30, 2023	$	5,912		$	2,853		$	8,765

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(216	)
Tax expense		56
Reclassification net of tax	$	(160	)

Realized gains on interest rate swaps reclassified to interest expense	$	(3,298	)
Tax expense		857
Reclassification net of tax	$	(2,441	)