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

6 Months Ended

Jun. 30, 2017

Employee Retirement Plans

Employee Retirement Plans

9.Employee Retirement Plans

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



	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2017		2016		2017		2016

Component of net periodic pension cost:
Service cost	$	89	$	80	$	178	$	160
Interest cost		403		410		806		820
Expected return on plan assets		(448)		(456)		(896)		(912)
Amortization of net loss		181		181		362		362
Net periodic pension cost	$	225	$	215	$	450	$	430

The Company estimates its total required minimum contributions to its pension plans in 2017 will be $216. Through June 30, 2017, the Company has made $655 of cash contributions to the pension plans versus $711 through the same period in 2016.

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



	Three Months Ended				Six Months Ended
	June 30,		June 30,		June 30,		June 30,
	2017		2016		2017		2016

Component of periodic other postretirement benefit cost:
Service cost	$	51	$	52	$	102	$	105
Interest cost		70		69		140		139
Amortization of net gain		(27)		(31)		(54)		(63)
Net periodic other postretirement benefit cost	$	94	$	90	$	188	$	181