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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2020

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

LINCOLN ELECTRIC HOLDINGS, INC.

(In thousands)


					Additions
		Balance at			Charged to			Charged
		Beginning			Costs and			(Credited) to						Balance at End
Description		Of period			Expenses			Other Accounts ⁽¹⁾			Deductions ⁽²⁾			of Period
Allowance for doubtful accounts:
Year Ended December 31, 2020		$	16,002		$	1,391		$	(1,239)		$	1,375		$	14,779
Year Ended December 31, 2019			12,827			1,227			3,792			1,844			16,002
Year Ended December 31, 2018			15,943			1,743			(1,037)			3,822			12,827

Deferred tax asset valuation allowance:
Year Ended December 31, 2020		$	71,546		$	9,606		$	(6,741)		$	8,998		$	65,413
Year Ended December 31, 2019			69,400			3,691			(481)			1,064			71,546
Year Ended December 31, 2018			68,694			1,891			2,437			3,622			69,400

(1)	Currency translation adjustment, reductions from restructuring and other adjustments.

(2)	For the Allowance for doubtful accounts, deductions relate to uncollectible accounts written-off, net of recoveries. For the Deferred tax asset valuation allowance, deductions relate to the reversal of valuation allowances due to the realization of net operating loss carryforwards.