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

Annual report pursuant to Section 13 and 15(d)

Revenue Recognition (Tables)

Revenue Recognition (Tables)

12 Months Ended

Dec. 31, 2021

Revenue Recognition

Revenue by customer and timing recognition


Year Ended December 31, 2021	Work Truck Attachments	Work Truck Solutions	Total Revenue
Independent dealer	$ 325,707	$ 121,349	$ 447,056
Government	-	46,107	46,107
Fleet	-	38,669	38,669
Other	-	9,621	9,621
Total revenue	$ 325,707	$ 215,746	$ 541,453


Year Ended December 31, 2020	Work Truck Attachments	Work Truck Solutions	Total Revenue
Independent dealer	$ 252,838	$ 114,192	$ 367,030
Government	-	62,762	62,762
Fleet	-	42,590	42,590
Other	-	7,772	7,772
Total revenue	$ 252,838	$ 227,316	$ 480,154


Year Ended December 31, 2019	Work Truck Attachments	Work Truck Solutions	Total Revenue
Independent dealer	$ 293,630	$ 127,484	$ 421,114
Government	-	72,810	72,810
Fleet	-	66,306	66,306
Other	-	11,480	11,480
Total revenue	$ 293,630	$ 278,080	$ 571,710

Revenue by timing of revenue recognition was as follows:


Year Ended December 31, 2021	Work Truck Attachments	Work Truck Solutions	Total Revenue
Point in time	$ 325,707	$ 137,904	$ 463,611
Over time	-	77,842	77,842
Total revenue	$ 325,707	$ 215,746	$ 541,453


Year Ended December 31, 2020	Work Truck Attachments	Work Truck Solutions	Total Revenue
Point in time	$ 252,838	$ 149,675	$ 402,513
Over time	-	77,641	77,641
Total revenue	$ 252,838	$ 227,316	$ 480,154

Year Ended December 31, 2019	Work Truck Attachments	Work Truck Solutions	Total Revenue
Point in time	$ 293,630	$ 172,269	$ 465,899
Over time	-	105,811	105,811
Total revenue	$ 293,630	$ 278,080	$ 571,710

Contract Balances


Year Ended December 31, 2021		Balance at Beginning of Period		Additions		Deductions		Balance at End of Period
Contract liabilities	$	2,746	$	17,205	$	(17,497)	$	2,454


Year Ended December 31, 2020		Balance at Beginning of Period		Additions		Deductions		Balance at End of Period
Contract liabilities	$	2,187	$	14,931	$	(14,372)	$	2,746