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)

9 Months Ended

Sep. 30, 2023

Notes Tables

Lease, Cost [Table Text Block]

		*Three Months Ended September 30, 2023*				*Nine Months Ended September 30, 2023*				*Three Months Ended September 30, 2022*				*Nine Months Ended September 30, 2022*
Operating lease expense		$	1,545			$	4,354			$	1,376			$	4,158
Short term lease cost		$	48			$	316			$	85			$	274
Total lease cost		$	1,593			$	4,670			$	1,461			$	4,432

		*Nine Months Ended September 30, 2023*				*Nine Months Ended September 30, 2022*

Cash paid for amounts included in the measurement of operating lease liabilities		$	4,597			$	4,301
Non-cash lease expense - right-of-use assets		$	3,735			$	3,566
Right-of-use assets obtained in exchange for operating lease obligations		$	3,411			$	2,126

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

		*September 30, 2023*				*December 31, 2022*
Operating Leases
Operating lease right-of-use assets		$	17,145			$	17,432

Other current liabilities			5,149				4,862
Operating lease liabilities			13,261				14,025
Total operating lease liabilities		$	18,410			$	18,887

Weighted Average Remaining Lease Term
Operating leases (in months)			54				59

Weighted Average Discount Rate
Operating leases			5.09	%			4.69	%

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

Year ending December 31,		*Operating Leases*
2023 (excluding the nine months ended September 30, 2023)		$	1,572
2024			5,684
2025			4,862
2026			3,498
2027			2,152
Thereafter			2,690
Total Lease Payments			20,458
Less: imputed interest			(2,048	)
Total		$	18,410