DOUGLAS DYNAMICS, INC (PLOW) [Rocket]

In millions, except per share items	Dec-31-21	Dec-31-20	Dec-31-19	Dec-31-18	Dec-31-17	Dec-31-16	Dec-31-15	Dec-31-14
	10-K	10-K	10-K	10-K	10-K	10-K	10-K	10-K
Net sales	541.5	480.2	571.7	524.1	474.9	416.3	400.4	303.5
Net sales growth	12.8%	-16.0%	9.1%	10.3%	14.1%	4.0%	31.9%	56.2%
Cost of sales	399.6	351.9	402.9	369.2	331.8	282.3	267.5	187.2
Gross profit	141.9	128.3	168.8	154.9	143.1	134.0	132.9	116.3
Gross margin	26.2%	26.7%	29.5%	29.6%	30.1%	32.2%	33.2%	38.3%
Selling, general, and administrative expense	78.8	64.6	71.3	70.0	60.9	53.6	48.2	38.3
Intangibles amortization	10.7	10.9	11.0	11.5	11.4	10.6	7.4	5.8
Income from operations	51.1	-75.1	86.6	73.5	70.8	69.8	77.4	72.2
Operating margin	9.4%	-15.6%	15.1%	14.0%	14.9%	16.8%	19.3%	23.8%
Interest expense, net	-11.8	-20.2	-16.8	-16.9	-18.3	-15.2	-10.9	-8.1
Loss on extinguishment of debt	-4.9	-3.5						-1.9
Other income (expense), net	0.2	0.1	-0.6	-0.8	-0.8	-1.0	-0.2	-0.2
Income before taxes	34.6	-98.8	62.6
Income tax expense	3.9	-12.3	13.5	11.9	-2.4	24.7	22.1	22.0
Net income								40.0

Weighted average number of common shares outstanding:
Weighted average common shares outstanding (in shares)	23.0	22.8	22.8	22.7	22.6	22.5	22.3	22.2
Weighted average common shares assuming dilution (in shares)	23.0	22.8	22.8	22.7	22.6	22.5	22.3	22.2

Earnings per common share:
Earnings Per Share, Basic, Total	$1.31	($3.81)	$2.13	$1.91	$2.42	$1.71	$1.95	$1.78
Earnings Per Share, Diluted, Total	$1.29	($3.81)	$2.11	$1.89	$2.40	$1.70	$1.94	$1.77

Cash dividends declared and paid per share (in dollars per share)	$1.14	$1.12	$1.09	$1.06	$0.96	$0.94	$0.89	$0.87
Comprehensive income