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GOODWILL AND INTANGIBLES (Tables) | 12 Months Ended
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Dec. 31, 2023
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, 2023 and 2022 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ |  | ​ | ​ |  | The Harris |  | ​ | ​
​ | Americas | ​ | International | ​ | Products | ​ | ​ | ​
​ | Welding |  | Welding |  | Group |  | Consolidated
Balance as of December 31, 2021 | $ | 279,983 | ​ | $ | 107,093 | ​ | $ | 43,086 | ​ | $ | 430,162
Additions and adjustments (1) |  | 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
Additions and adjustments (2) |  | (2,899) | ​ |  | 23,111 | ​ |  | — | ​ |  | 20,212
Foreign currency translation |  | 8,312 | ​ |  | 449 | ​ |  | 222 | ​ |  | 8,983
Balance as of December 31, 2023 | $ | 497,600 | ​ | $ | 153,479 | ​ | $ | 43,373 | ​ | $ | 694,452
​
(1) | 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.
(2) | Adjustments to Americas Welding reflect goodwill recognized in the acquisition of Powermig offset by Fori purchase accounting adjustments in 2023. Additions to International Welding reflect Fori purchase accounting adjustments in 2023.
Schedule of gross and net indefinite-lived intangible assets other than goodwill by asset class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ | ​ | Gross |  | Accumulated |  | Gross |  | Accumulated
​ |  | Amount |  | Amortization |  | Amount |  | Amortization
Intangible assets not subject to amortization | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Trademarks and trade names | ​ | $ | 16,038 |  | ​ |  | ​ | $ | 15,963 |  | ​ |
Intangible assets subject to amortization | ​ |  |  |  | ​ |  | ​ |  |  |  | ​ |
Trademarks and trade names | ​ | $ | 93,065 | ​ | $ | 52,510 | ​ | $ | 93,424 | ​ | $ | 47,969
Customer relationships | ​ |  | 171,338 | ​ |  | 102,643 | ​ |  | 170,231 | ​ |  | 95,385
Patents | ​ |  | 25,150 | ​ |  | 15,879 | ​ |  | 23,603 | ​ |  | 15,113
Other | ​ |  | 111,816 | ​ |  | 59,708 | ​ |  | 112,404 | ​ |  | 54,452
Total intangible assets subject to amortization | ​ | $ | 401,369 | ​ | $ | 230,740 | ​ | $ | 399,662 | ​ | $ | 212,919
Schedule of gross and net finite-lived intangible assets other than goodwill by asset class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023 | ​ | December 31, 2022
​ | ​ | Gross |  | Accumulated |  | Gross |  | Accumulated
​ |  | Amount |  | Amortization |  | Amount |  | Amortization
Intangible assets not subject to amortization | ​ | ​ |  |  | ​ |  |  | ​ |  |  | ​ |
Trademarks and trade names | ​ | $ | 16,038 |  | ​ |  | ​ | $ | 15,963 |  | ​ |
Intangible assets subject to amortization | ​ |  |  |  | ​ |  | ​ |  |  |  | ​ |
Trademarks and trade names | ​ | $ | 93,065 | ​ | $ | 52,510 | ​ | $ | 93,424 | ​ | $ | 47,969
Customer relationships | ​ |  | 171,338 | ​ |  | 102,643 | ​ |  | 170,231 | ​ |  | 95,385
Patents | ​ |  | 25,150 | ​ |  | 15,879 | ​ |  | 23,603 | ​ |  | 15,113
Other | ​ |  | 111,816 | ​ |  | 59,708 | ​ |  | 112,404 | ​ |  | 54,452
Total intangible assets subject to amortization | ​ | $ | 401,369 | ​ | $ | 230,740 | ​ | $ | 399,662 | ​ | $ | 212,919
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | ​
​ | ​ | ​ | ​ | ​
​ | Year Ended December 31, 2023
​ | Purchase Price | ​ | Weighted
​ | Allocation |  | Average Life
Acquired intangible assets subject to amortization |  |  |  |
Trademarks and trade names | $ | 2,326 |  | 15
Customer relationships |  | 4,050 |  | 10
Other |  | 2,025 |  | 9
Total acquired intangible assets subject to amortization | $ | 8,401 |  |

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