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)

3 Months Ended

Mar. 31, 2019

Summary of lease expense and supplemental cash flow information


		Three Months Ended
		March 31, 2019
Operating lease expense		$ 1,132

Short term lease cost		$ 100

Total lease cost		$ 1,232

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Three Months Ended
	March 31, 2019

Cash paid for amounts included in the measurement of operating lease liabilities	$ 765
Non-cash lease expense - right-of-use assets	$ 785
Right-of-use assets obtained in exchange for operating lease obligations	$ 56

Summary of supplemental balance sheet information related to leases


	March 31, 2019
Operating Leases
Operating lease right-of-use assets	$ 21,537

Other current liabilities	3,335
Operating lease liabilities	18,222
Total operating lease liabilities	$ 21,557

Weighted Average Remaining Lease Term
Operating leases	87	months

Weighted Average Discount Rate
Operating leases	5.35%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2019 (excluding the three months ended March 31, 2019)		$ 3,288
2020		3,936
2021		3,657
2022		3,267
2023		2,879
Thereafter		8,617
Total Lease Payments		25,644
Less: imputed interest		(4,087)
Total		$ 21,557

Summary of future minimum lease payments at December 31, 2018 under ASC 840


			Related Party Leases		Third Party Leases		Total Leases

2019		$	2,250	$	2,009	$	4,259
2020			2,250		1,654		3,904
2021			2,250		1,364		3,614
2022			2,250		949		3,199
2023			2,130		574		2,704
Thereafter			4,410		1,500		5,910
Total lease obligations		$	15,540	$	8,050	$	23,590