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

Quarterly report pursuant to Section 13 or 15(d)

Note 7 - Leases (Tables)

Note 7 - Leases (Tables)

6 Months Ended

Jun. 30, 2023

Notes Tables

Lease, Cost [Table Text Block]

		*Three Months Ended June 30, 2023*				*Six Months Ended June 30, 2023*				*Three Months Ended June 30, 2022*				*Six Months Ended June 30, 2022*
Operating lease expense		$	1,415			$	2,809			$	1,383			$	2,782
Short term lease cost		$	90			$	268			$	89			$	189
Total lease cost		$	1,505			$	3,077			$	1,472			$	2,971

		*Six Months Ended June 30, 2023*				*Six Months Ended June 30, 2022*

Cash paid for amounts included in the measurement of operating lease liabilities		$	2,948			$	2,870
Non-cash lease expense - right-of-use assets		$	2,418			$	2,310
Right-of-use assets obtained in exchange for operating lease obligations		$	1,362			$	133

Lessee Operating Lease Supplemental Balance Sheet Information [Table Text Block]

		*June 30, 2023*				*December 31, 2022*
Operating Leases
Operating lease right-of-use assets		$	16,376			$	17,432

Other current liabilities			5,023				4,862
Operating lease liabilities			12,696				14,025
Total operating lease liabilities		$	17,719			$	18,887

Weighted Average Remaining Lease Term
Operating leases (in months)			55				59

Weighted Average Discount Rate
Operating leases			4.84	%			4.69	%

Lessee, Operating Lease, Liability, to be Paid, Maturity [Table Text Block]

Year ending December 31,		*Operating Leases*
2023 (excluding the six months ended June 30, 2023)		$	2,956
2024			5,214
2025			4,407
2026			3,056
2027			1,719
Thereafter			2,241
Total Lease Payments			19,593
Less: imputed interest			(1,874	)
Total		$	17,719