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

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

9 Months Ended

Sep. 30, 2022

17.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes to accumulated other comprehensive income (loss) by component for the nine months ended September 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		8,138			—			8,138
Amounts reclassified from accumulated other comprehensive income (loss): (1)		1,427			(123	)		1,304
Balance at September 30, 2022	$	6,041		$	2,348		$	8,389

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(165	)
Tax expense		42
Reclassification net of tax	$	(123	)

Realized losses on interest rate swaps reclassified to interest expense	$	1,928
Tax benefit		(501	)
Reclassification net of tax	$	1,427

Changes to accumulated other comprehensive income (loss) by component for the nine months ended September 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		(177	)		—			(177	)
Amounts reclassified from accumulated other comprehensive income (loss): (1)		2,355			(173	)		2,182
Balance at September 30, 2021	$	(5,430	)	$	1,940		$	(3,490	)

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(234	)
Tax expense		61
Reclassification net of tax	$	(173	)

Realized losses on interest rate swaps reclassified to interest expense	$	3,182
Tax benefit		(827	)
Reclassification net of tax	$	2,355