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

Annual report pursuant to Section 13 and 15(d)

Note 2 - Summary of Significant Accounting Policies (Tables)

Note 2 - Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2023

Notes Tables

Financing Receivable, Allowance for Credit Loss [Table Text Block]

		*Balance at*				*Additions (reductions)*												*Balance at*
		*December 31,*				*charged to*								*Changes to*				*December 31,*
		*2022*				*earnings*				*Writeoffs*				*reserve, net*				*2023*
Year Ended December 31, 2023
Work Truck Attachments		$	1,000			$	400			$	-			$	-			$	1,400
Work Truck Solutions			366				(80	)			(46	)			6				246
Total		$	1,366			$	320			$	(46	)		$	6			$	1,646

		*Balance at*				*Additions (reductions)*												*Balance at*
		*December 31,*				*charged to*								*Changes to*				*December 31,*
		*2021*				*earnings*				*Writeoffs*				*reserve, net*				*2022*
Year Ended December 31, 2022
Work Truck Attachments		$	1,430			$	(432	)		$	-			$	2			$	1,000
Work Truck Solutions			1,540				(1,044	)			(109	)			(21	)			366
Total		$	2,970			$	(1,476	)		$	(109	)		$	(19	)		$	1,366

Property, Plant and Equipment [Table Text Block]

		*Years*
Land improvements and buildings		15 - 40
Leasehold improvements		12
Machinery and equipment		3 - 20
Furniture and fixtures		3 - 12
Mobile equipment and other		3 - 10

Schedule of Changes In Deferred Financing Costs [Table Text Block]

Balance at December 31, 2020		$	1,736
Deferred financing costs capitalized on new debt			1,409
Write-off of unamortized deferred financing costs			(972	)
Amortization of deferred financing costs			(493	)
Balance at December 31, 2021			1,680
Amortization of deferred financing costs			(379	)
Balance at December 31, 2022			1,301
Deferred financing costs capitalized on new debt			334
Amortization of deferred financing costs			(475	)
Balance at December 31, 2023		$	1,160

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

		*Fair Value at December 31, 2023*				*Fair Value at December 31, 2022*
Assets:
Non-qualified benefit plan assets (a)		$	9,195			$	8,874
Interest rate swaps (b)			4,033				7,039

Total Assets		$	13,228			$	15,913

Liabilities:
Long term debt (c)			189,413				207,737

Total Liabilities		$	189,413			$	207,737