Douglas Dynamics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

Leases (Tables)

9 Months Ended

Sep. 30, 2020

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Nine Months Ended		Three Months Ended			Nine Months Ended
		September 30, 2020			September 30, 2020		September 30, 2019			September 30, 2019
Operating lease expense		$ 1,364			$ 3,972		$ 1,286			$ 3,562
Short term lease cost		$ 141			$ 286		$ 121			$ 317
Total lease cost		$ 1,505			$ 4,258		$ 1,407			$ 3,879

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Nine Months Ended		Nine Months Ended
	September 30, 2020		September 30, 2019

Cash paid for amounts included in the measurement of operating lease liabilities	$ 3,911		$ 3,392
Non-cash lease expense - right-of-use assets	$ 3,095		$ 2,679
Right-of-use assets obtained in exchange for operating lease obligations	$ 3,796		$ 3,525

Summary of supplemental balance sheet information related to leases


	September 30, 2020		December 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 22,458		$ 22,557

Other current liabilities	4,297		3,822
Operating lease liabilities	18,466		18,981
Total operating lease liabilities	$ 22,763		$ 22,803

Weighted Average Remaining Lease Term
Operating leases	69	months	78	months

Weighted Average Discount Rate
Operating leases	5.16%		5.32%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2020 (excluding the nine months ended September 30, 2020)		$ 1,353
2021		5,271
2022		4,916
2023		4,360
2024		3,742
Thereafter		6,578
Total Lease Payments		26,220
Less: imputed interest		(3,457)
Total		$ 22,763