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

Quarterly report pursuant to Section 13 or 15(d)

Employee Retirement Plans

Employee Retirement Plans

9 Months Ended

Sep. 30, 2018

Employee Retirement Plans

Employee Retirement Plans

11. Employee Retirement Plans

The components of net periodic pension cost consist of the following:



	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2018		2017		2018		2017

Component of net periodic pension cost:
Service cost	$	102	$	89	$	306	$	267
Interest cost		389		403		1,167		1,209
Expected return on plan assets		(475)		(448)		(1,425)		(1,344)
Amortization of net loss		176		181		528		543
Net periodic pension cost	$	192	$	225	$	576	$	675

The Company estimates its total required minimum contributions to its pension plans in 2018 will be $72. Through September 30, 2018, the Company has made $7,047 of cash contributions to the pension plans versus $655 through the same period in 2017. This payment includes a $7,000 discretionary payment to its pension plans related to the 2017 plan year made on September 14, 2018.

Components of net periodic other postretirement benefit cost consist of the following:



	Three Months Ended				Nine Months Ended
	September 30,		September 30,		September 30,		September 30,
	2018		2017		2018		2017

Component of periodic other postretirement benefit cost:
Service cost	$	47	$	51	$	141	$	153
Interest cost		58		70		174		210
Amortization of net gain		(52)		(27)		(156)		(81)
Net periodic other postretirement benefit cost	$	53	$	94	$	159	$	282

Service cost is included in Income from operations on the Condensed Consolidated Statement of Operations and Comprehensive Income. The other components of net periodic pension and postretirement benefit cost are included in Other expense on the Condensed Consolidated Statement of Operations and Comprehensive Income.