Douglas Dynamics, Inc. Annual report [Section 13 and 15(d), not S-K Item 405]

Note 19 - Changes in Accumulated Other Comprehensive Income by Component (Tables)

12 Months Ended

Dec. 31, 2025

	*Unrealized*			*Unrealized*
	*Net Gain (Loss)*			*Net Loss*			*Retiree*
	*on Interest*			*on Steel*			*Health*
	*Rate*			*Hedging*			*Benefit*
	*Swap*			*Instrument*			*Obligation*			*Total*
Balance at December 31, 2024	$	1,836		$	(40	)	$	3,676		$	5,472
Other comprehensive gain (loss) before reclassifications		196			80			(628	)		(352	)
Amounts reclassified from accumulated other comprehensive income: (1)		(1,437	)		-			(502	)		(1,939	)
Balance at December 31, 2025	$	595		$	40		$	2,546		$	3,181


(1) Amounts reclassified from accumulated other comprehensive income:
Amortization of Other Postretirement Benefit items:
Actuarial gains (a)	$	(679	)
Tax expense		177
Reclassification net of tax	$	(502	)

Realized gains on interest rate swaps reclassified to interest expense	$	(1,942	)
Tax expense		505
Reclassification net of tax	$	(1,437	)


(a) – These components are included in the computation of benefit plan costs in Note 12.

	Unrealized			Unrealized
	Net Gain (Loss)			Net Loss			Retiree
	on Interest			on Steel			Health
	Rate			Hedging			Benefit
	Swap			Instrument			Obligation			Total
Balance at December 31, 2023	$	3,331		$	-		$	3,025		$	6,356
Other comprehensive gain before reclassifications		1,398			(40	)		1,031			2,389
Amounts reclassified from accumulated other comprehensive income: (1)		(2,893	)		-			(380	)		(3,273	)
Balance at December 31, 2024	$	1,836		$	(40	)	$	3,676		$	5,472


(1) Amounts reclassified from accumulated other comprehensive income:
Amortization of Other Postretirement Benefit items:
Actuarial gains (a)	$	(514	)
Tax expense		134
Reclassification net of tax	$	(380	)

Realized gains on interest rate swaps reclassified to interest expense	$	(3,910	)
Tax expense		1,017
Reclassification net of tax	$	(2,893	)