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

Changes in Accumulated Other Comprehensive Income (Loss) by Component (Tables)

3 Months Ended

Mar. 31, 2022

Changes to accumulated other comprehensive income (loss) by component for the three months ended March 31, 2022 are as follows:



	Unrealized
	Net Gain (Loss)			Retiree
	on Interest			Health
	Rate			Benefit
	Swap			Obligation	Total
Balance at December 31, 2021	$	(3,524)	$	2,471	$	(1,053)
Other comprehensive gain before reclassifications		3,517		—		3,517
Amounts reclassified from accumulated other comprehensive income (loss): (1)		762		(41)		721
Balance at March 31, 2022	$	755	$	2,430	$	3,185

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(55)
Tax expense		14
Reclassification net of tax	$	(41)

Realized losses on interest rate swaps reclassified to interest expense	$	1,030
Tax benefit		(268)
Reclassification net of tax	$	762

Changes to accumulated other comprehensive income (loss) by component for the three months ended March 31, 2021 are as follows:



	Unrealized
	Net Loss			Retiree
	on Interest			Health
	Rate			Benefit
	Swap			Obligation	Total
Balance at December 31, 2020	$	(7,608)	$	2,113	$	(5,495)
Other comprehensive loss before reclassifications		(213)		-		(213)
Amounts reclassified from accumulated other comprehensive income (loss): (1)		777		(58)		719
Balance at March 31, 2021	$	(7,044)	$	2,055	$	(4,989)

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(78)
Tax expense		20
Reclassification net of tax	$	(58)

Realized losses on interest rate swaps reclassified to interest expense	$	1,050
Tax benefit		(273)
Reclassification net of tax	$	777