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

Note 17 - Changes in Accumulated Other Comprehensive Income (Loss) by Component

6 Months Ended

Jun. 30, 2022

17.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes to accumulated other comprehensive income (loss) by component for the six months ended June 30, 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		4,443			—			4,443
Amounts reclassified from accumulated other comprehensive income (loss): (1)		1,329			(82	)		1,247
Balance at June 30, 2022	$	2,248		$	2,389		$	4,637

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(110	)
Tax expense		28
Reclassification net of tax	$	(82	)

Realized losses on interest rate swaps reclassified to interest expense	$	1,796
Tax benefit		(467	)
Reclassification net of tax	$	1,329

Changes to accumulated other comprehensive income (loss) by component for the six months ended June 30, 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		(21	)		—			(21	)
Amounts reclassified from accumulated other comprehensive income (loss): (1)		1,560			(115	)		1,445
Balance at June 30, 2021	$	(6,069	)	$	1,998		$	(4,071	)

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(156	)
Tax expense		41
Reclassification net of tax	$	(115	)

Realized losses on interest rate swaps reclassified to interest expense	$	2,108
Tax benefit		(548	)
Reclassification net of tax	$	1,560