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GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2020

GOODWILL AND INTANGIBLES

Changes in the carrying amount of goodwill by reportable segment

The changes in the carrying amount of goodwill by reportable segments for the years ended December 31, 2020 and 2019 were as follows:

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

The Harris

​

​

​

​

Americas

​

International

​

Products

​

​

​

​

Welding

Welding

Group

Consolidated

Balance as of December 31, 2018

​

$

239,215

​

$

24,248

​

$

17,831

​

$

281,294

Additions and adjustments (1)

​

37,346

​

17,254

​

(613)

​

53,987

Foreign currency translation

​

1,935

​

(28)

​

(81)

​

1,826

Balance as of December 31, 2019

​

278,496

​

41,474

​

17,137

​

337,107

Additions and adjustments

​

—

​

697

​

(101)

​

596

Foreign currency translation

​

1,314

​

(3,111)

​

(313)

​

(2,110)

Balance as of December 31, 2020

​

$

279,810

​

$

39,060

​

$

16,723

​

$

335,593

​

(1) Additions to Americas Welding reflect goodwill recognized in the acquisition of Baker in 2019. Additions to International Welding reflect goodwill recognized in the acquisition of Askaynak in 2019.

Schedule of gross and net indefinite-lived intangible assets other than goodwill by asset class

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2020

​

December 31, 2019

​

Gross

Accumulated

Gross

Accumulated

​

Amount

Amortization

Amount

Amortization

Intangible assets not subject to amortization

​

​

​

​

​

Trademarks and trade names

​

$

15,495

​

​

$

22,020

​

Intangible assets subject to amortization

​

​

​

​

Trademarks and trade names

​

$

71,594

​

$

39,906

​

$

65,957

​

$

31,284

Customer relationships

​

137,564

​

84,720

​

140,198

​

62,242

Patents

​

25,907

​

15,006

​

25,931

​

13,633

Other

​

69,188

​

45,665

​

70,463

​

39,612

Total intangible assets subject to amortization

​

$

304,253

​

$

185,297

​

$

302,549

​

$

146,771

Schedule of gross and net finite-lived intangible assets other than goodwill by asset class

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

December 31, 2020

​

December 31, 2019

​

Gross

Accumulated

Gross

Accumulated

​

Amount

Amortization

Amount

Amortization

Intangible assets not subject to amortization

​

​

​

​

​

Trademarks and trade names

​

$

15,495

​

​

$

22,020

​

Intangible assets subject to amortization

​

​

​

​

Trademarks and trade names

​

$

71,594

​

$

39,906

​

$

65,957

​

$

31,284

Customer relationships

​

137,564

​

84,720

​

140,198

​

62,242

Patents

​

25,907

​

15,006

​

25,931

​

13,633

Other

​

69,188

​

45,665

​

70,463

​

39,612

Total intangible assets subject to amortization

​

$

304,253

​

$

185,297

​

$

302,549

​

$

146,771

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