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

Annual report pursuant to Section 13 and 15(d)

Acquisitions - Allocation of Purchase Price (Details)

Acquisitions - Allocation of Purchase Price (Details) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended								6 Months Ended	12 Months Ended
	May 01, 2017	Jul. 15, 2016	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2016	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Acquisition
Working capital adjustment											$ 5,417
Payable to former shareholder												$ 5,487
Earnout liability												(1,786)	$ (1,128)	$ 623
Allocation of the purchase price paid to the fair value of the net assets for acquisition
Accounts receivable	$ 852
Inventories	1,547
Prepaid and other current assets	6
Property and equipment	624
Goodwill	2,720		$ 241,006				$ 238,286				238,286	241,006	238,286
Intangible assets	2,700
Accounts payable and other current liabilities	(957)
Unfavorable lease	(107)
Total	7,385
Revenues			137,969	$ 125,339	$ 139,371	$ 72,248	130,143	$ 123,573	$ 113,763	$ 48,789		474,927	416,268	400,408
Pre-tax operating losses			21,451	$ 15,081	$ 22,354	$ (5,971)	17,666	$ 11,873	$ 25,551	$ 8,606		52,915	63,696	66,263
Henderson
Acquisition
Total consideration															$ 98,511
Working capital adjustment															$ 4,688
Payable to former shareholder														3,340
Allocation of the purchase price paid to the fair value of the net assets for acquisition
Earnout			(529)				(636)				(636)	(529)	(636)
Dejana
Acquisition
Total consideration		$ 191,544
Working capital adjustment		3,989
Short-term borrowings (repayments), net		130,000
Payment of working capital													1,428
Discount		650
Payment of on hand cash at acquisition		31,994
Transactions expenses													3,422
Adjusted fair value of earn out consideration							10,373				10,373		10,373
Subsequent adjustment													173
Maximum earnout							21,487				21,487		21,487
Contingent consideration in the form of an earnout capped							26,000				26,000		26,000
Fair value of the contingent consideration recognized													10,200
Allocation of the purchase price paid to the fair value of the net assets for acquisition
Accounts receivable		13,509
Inventories		20,017
Truck chassis floor plan inventory		13,479
Prepaid and other current assets		705
Property and equipment		5,821
Goodwill		77,354
Intangible assets		77,800
Other assets, long-term		219
Accounts payable and other current liabilities		(3,881)
Floor plan obligations		(13,479)
Earnout		(10,200)	$ (3,100)				$ (10,373)				$ (10,373)	(3,100)	(10,373)
Total		181,344
Pro forma Information
Net sales													490,243	517,716
Net income													$ 45,983	$ 45,760
Earnings per common share assuming dilution attributable to common shareholders													$ 2.00	$ 2.01
Revenues since acquisition													$ 65,044
Pre-tax operating income (losses) since acquisition													$ (1,397)
Dejana \| Revolving credit facility
Acquisition
Short-term borrowings (repayments), net		$ 20,000
Arrowhead Equipment, Inc. [Member]
Acquisition
Total consideration	$ 7,385
Transactions expenses												343
Pro forma Information
Revenues since acquisition												7,964
Pre-tax operating income (losses) since acquisition												$ 607