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GOODWILL AND INTANGIBLES (Tables) | 12 Months Ended
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Dec. 31, 2022
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, 2022 and 2021 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | ​ |  | The Harris |  | ​ | ​
​ | Americas | ​ | International | ​ | Products | ​ | ​ | ​
​ | Welding |  | Welding |  | Group |  | Consolidated
Balance as of December 31, 2020 | $ | 279,810 | ​ | $ | 39,060 | ​ | $ | 16,723 | ​ | $ | 335,593
Additions and adjustments (1) |  | — | ​ |  | 77,317 | ​ |  | 26,519 | ​ |  | 103,836
Foreign currency translation |  | 173 | ​ |  | (9,284) | ​ |  | (156) | ​ |  | (9,267)
Balance as of December 31, 2021 |  | 279,983 | ​ |  | 107,093 | ​ |  | 43,086 | ​ |  | 430,162
Additions and adjustments (2) |  | 215,617 | ​ |  | 31,288 | ​ |  | (159) | ​ |  | 246,746
Foreign currency translation |  | (3,413) | ​ |  | (8,462) | ​ |  | 224 | ​ |  | (11,651)
Balance as of December 31, 2022 | $ | 492,187 | ​ | $ | 129,919 | ​ | $ | 43,151 | ​ | $ | 665,257
​
(1) | Additions to International Welding reflect goodwill recognized in the acquisition of Zeman in 2021. Additions to The Harris Products Group reflect goodwill recognized in the acquisition of FTP in 2021.
(2) | Additions to Americas Welding reflect goodwill recognized in the acquisition of Fori and Kestra in 2022. International Welding reflect goodwill recognized in the acquisition of Fori in 2022.
Schedule of gross and net indefinite-lived intangible assets other than goodwill by asset class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021
​ | ​ | Gross |  | Accumulated |  | Gross |  | Accumulated
​ |  | Amount |  | Amortization |  | Amount |  | Amortization
Intangible assets not subject to amortization | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Trademarks and trade names | ​ | $ | 15,963 |  | ​ |  | ​ | $ | 15,828 |  | ​ |
Intangible assets subject to amortization | ​ |  |  |  | ​ |  | ​ |  |  |  | ​ |
Trademarks and trade names | ​ | $ | 93,424 | ​ | $ | 47,969 | ​ | $ | 72,755 | ​ | $ | 44,623
Customer relationships | ​ |  | 170,231 | ​ |  | 95,385 | ​ |  | 154,634 | ​ |  | 92,404
Patents | ​ |  | 23,603 | ​ |  | 15,113 | ​ |  | 24,734 | ​ |  | 15,058
Other | ​ |  | 112,404 | ​ |  | 54,452 | ​ |  | 83,223 | ​ |  | 49,696
Total intangible assets subject to amortization | ​ | $ | 399,662 | ​ | $ | 212,919 | ​ | $ | 335,346 | ​ | $ | 201,781
​
Schedule of gross and net finite-lived intangible assets other than goodwill by asset class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022 | ​ | December 31, 2021
​ | ​ | Gross |  | Accumulated |  | Gross |  | Accumulated
​ |  | Amount |  | Amortization |  | Amount |  | Amortization
Intangible assets not subject to amortization | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Trademarks and trade names | ​ | $ | 15,963 |  | ​ |  | ​ | $ | 15,828 |  | ​ |
Intangible assets subject to amortization | ​ |  |  |  | ​ |  | ​ |  |  |  | ​ |
Trademarks and trade names | ​ | $ | 93,424 | ​ | $ | 47,969 | ​ | $ | 72,755 | ​ | $ | 44,623
Customer relationships | ​ |  | 170,231 | ​ |  | 95,385 | ​ |  | 154,634 | ​ |  | 92,404
Patents | ​ |  | 23,603 | ​ |  | 15,113 | ​ |  | 24,734 | ​ |  | 15,058
Other | ​ |  | 112,404 | ​ |  | 54,452 | ​ |  | 83,223 | ​ |  | 49,696
Total intangible assets subject to amortization | ​ | $ | 399,662 | ​ | $ | 212,919 | ​ | $ | 335,346 | ​ | $ | 201,781
​
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | ​
​ | ​ | ​ | ​ | ​
​ | Year Ended December 31, 2022
​ | Purchase Price | ​ | Weighted
​ | Allocation |  | Average Life
Acquired intangible assets subject to amortization |  |  |  |
Trademarks and trade names | $ | 23,770 |  | 13
Customer relationships |  | 24,243 |  | 13
Other |  | 30,661 |  | 9
Total acquired intangible assets subject to amortization | $ | 78,674 |  |
​

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