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, 2023

17.

Changes in Accumulated Other Comprehensive Income (Loss) by Component

Changes to accumulated other comprehensive income by component for the nine months ended September 30, 2023 are as follows:

	*Unrealized*
	*Net Gain (Loss)*			*Retiree*
	*on Interest*			*Health*
	*Rate*			*Benefit*
	*Swap*			*Obligation*			*Total*
Balance at December 31, 2022	$	6,115		$	3,013		$	9,128
Other comprehensive gain before reclassifications		2,238			—			2,238
Amounts reclassified from accumulated other comprehensive income (loss): (1)		(2,441	)		(160	)		(2,601	)
Balance at September 30, 2023	$	5,912		$	2,853		$	8,765

(1) Amounts reclassified from accumulated other comprehensive income (loss):
Amortization of Other Postretirement Benefit items:
Actuarial gains	$	(216	)
Tax expense		56
Reclassification net of tax	$	(160	)

Realized gains on interest rate swaps reclassified to interest expense	$	(3,298	)
Tax expense		857
Reclassification net of tax	$	(2,441	)

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