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

Note 14 - Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

	*2024*		*2023*		*2022*
Basic earnings per common share
Net income	$	56,151	$	23,723	$	38,609
Less: Distributed and undistributed earnings allocated to nonvested shares		1,083		528		741
Net income allocated to common shareholders	$	55,068	$	23,195	$	37,868
Weighted average common shares outstanding		23,072,993		22,962,591		22,915,543
	$	2.39	$	1.01	$	1.65
Diluted earnings per common share
Net income allocated to common shareholders - basic	$	55,068	$	23,195	$	37,868
Add: Undistributed earnings allocated to nonvested shareholders		527		-		-
Net income allocated to common shareholders - diluted	$	55,595	$	23,195	$	37,868
Weighted average common shares outstanding - basic		23,072,993		22,962,591		22,915,543
Dilutive effect of participating securities		436,983		-		-
Weighted average common shares outstanding - diluted		23,509,976		22,962,591		22,915,543
	$	2.36	$	0.98	$	1.63