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

Quarterly report pursuant to Section 13 or 15(d)

Acquisitions - Allocation of Purchase Price (Details)

Acquisitions - Allocation of Purchase Price (Details) - USD ($) $ / shares in Units, $ in Thousands					3 Months Ended		5 Months Ended	9 Months Ended		12 Months Ended
	Sep. 20, 2017	May 01, 2017	Jul. 15, 2016	Jul. 15, 2016	Sep. 30, 2017	Sep. 30, 2016	Sep. 30, 2017	Sep. 30, 2017	Sep. 30, 2016	Dec. 31, 2016
Acquisition
Working capital adjustment								$ 5,417
Earnout liability								(1,186)	$ (51)
Allocation of the purchase price paid to the fair value of the net assets for acquisition
Goodwill					$ 240,906		$ 240,906	240,906		$ 238,286
Revenues					125,339	$ 123,573		336,958	286,125
Pre-tax operating losses					15,081	11,873		31,464	46,030
Dejana
Acquisition
Total consideration			$ 191,544
Working capital adjustment			3,989
Short-term borrowings (repayments), net			130,000
Payment of working capital				$ 1,428
Discount			650
Payable to former shareholder								$ 5,487
Payment of on hand cash at acquisition			31,994
Adjusted fair value of earn out consideration										10,373
Subsequent adjustment										173
Maximum earnout										21,487
Earnout consideration amended period	2 years
Percentage of additional earnout payment	50.00%
Contingent consideration in the form of an earnout capped			26,000	26,000						$ 26,000
Fair value of the contingent consideration recognized				10,200
Allocation of the purchase price paid to the fair value of the net assets for acquisition
Accounts receivable			13,509	13,509
Inventories			20,017	20,017
Truck chassis floor plan inventory			13,479	13,479
Prepaid and other current assets			705	705
Property and equipment			5,821	5,821
Goodwill			77,354	77,354
Intangible assets			77,800	77,800
Other assets, long-term			219	219
Accounts payable and other current liabilities			(3,881)	(3,881)
Floor plan obligations			(13,479)	(13,479)
Earnout			(10,200)	(10,200)
Total			181,344	$ 181,344
Amortization period of goodwill, for income tax purpose								15 years
Pro forma Information
Net sales						129,253			364,065
Net income						$ 9,921			$ 32,601
Earnings per common share assuming dilution attributable to common shareholders						$ 0.44			$ 1.45
Dejana \| Revolving credit facility
Acquisition
Short-term borrowings (repayments), net			$ 20,000
Dejana \| Selling, general and administrative expenses
Acquisition
Transactions expenses						$ 2,096			$ 2,841
Earnout liability					(1,186)			$ (1,186)
Arrowhead Equipment, Inc. [Member]
Acquisition
Total consideration		$ 7,385
Working capital adjustment		100
proceeds from changes in working capital		215
Adjusted Working capital		115
Allocation of the purchase price paid to the fair value of the net assets for acquisition
Accounts receivable		852
Inventories		1,647
Prepaid and other current assets		6
Property and equipment		624
Goodwill		2,620
Intangible assets		2,700
Accounts payable and other current liabilities		(957)
Unfavorable lease		(107)
Total		$ 7,385
Revenues							3,379
Pre-tax operating losses							$ (100)
Amortization period of goodwill, for income tax purpose								15 years
Arrowhead Equipment, Inc. [Member] \| Selling, general and administrative expenses
Acquisition
Transactions expenses					$ 70			$ 418