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, 2022

Summary of lease expense and supplemental cash flow information


		Three Months Ended			Three Months Ended
		March 31, 2022			March 31, 2021
Operating lease expense		$ 1,399			$ 1,371
Short term lease cost		$ 100			$ 115
Total lease cost		$ 1,499			$ 1,486

Cash Flow

Supplemental cash flow information related to leases is as follows:


	Three Months Ended		Three Months Ended
	March 31, 2022		March 31, 2021

Cash paid for amounts included in the measurement of operating lease liabilities	$ 1,442		$ 1,356
Non-cash lease expense - right-of-use assets	$ 1,198		$ 1,036
Right-of-use assets obtained in exchange for operating lease obligations	$ 46		$ 65

Summary of supplemental balance sheet information related to leases


	March 31, 2022		December 31, 2021
Operating Leases
Operating lease right-of-use assets	$ 17,264		$ 18,462

Other current liabilities	4,483		4,623
Operating lease liabilities	14,329		15,408
Total operating lease liabilities	$ 18,812		$ 20,031

Weighted Average Remaining Lease Term
Operating leases	60	months	62	months

Weighted Average Discount Rate
Operating leases	4.77%		4.79%

Summary of maturities of leases


Year ending December 31,		Operating Leases
2022 (excluding the three months ended March 31, 2022)		$ 4,018
2023		4,899
2024		4,028
2025		3,244
2026		2,118
Thereafter		2,694
Total Lease Payments		21,001
Less: imputed interest		(2,189)
Total		$ 18,812