XML 51 R34.htm IDEA: XBRL DOCUMENT
v3.25.0.1

SIGNIFICANT ACCOUNTING POLICIES (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
SIGNIFICANT ACCOUNTING POLICIES |
Property, Plant and Equipment | Property, plant and equipment, net in the Consolidated Balance Sheet is comprised of the following components: ​
​ | ​ | ​ | ​ | ​ | ​
​ | December 31,
​ | 2024 |  | 2023
Land | $ | 64,016 | ​ | $ | 67,949
Buildings |  | 445,319 | ​ |  | 445,041
Machinery and equipment |  | 975,480 | ​ |  | 939,316
​ |  | 1,484,815 | ​ |  | 1,452,306
Less accumulated depreciation |  | 865,634 | ​ |  | 876,990
Total | $ | 619,181 | ​ | $ | 575,316
Schedule of adopted accounting pronouncements | ​
Standard |  | Description
ASU No. 2023-07, Segment Reporting (Topic 280), issued November 2023. | ​ | Requires enhanced disclosures about significant segment expenses, including significant segment expenses that are regularly provided to the chief operating decision maker (“CODM”), the title and position of the CODM, an amount for other segment items by reportable segment, and disclosures about segment profit or loss and assets on an annual and interim basis. The amendments are effective for annual periods beginning January 1, 2024, and interim periods beginning January 1, 2025. Refer to Note 6 for the impacts on the Company’s consolidated financial statements.
ASU No. 2023-01, Leases-Common Control Arrangements (Topic 842), issued March 2023 | Requires a lessee in a common-control arrangement to amortize leasehold improvements that it owns over the improvements’ useful life, regardless of the lease term. The requirements of the ASU are effective January 1, 2024.
ASU No. 2022-04, Liabilities-Supplier Finance Programs (Subtopic 405-50), issued September 2022. | Requires disclosure about a company’s supplier finance programs, including a period-over-period balance roll forward. This requirement of the ASU is effective January 1, 2024 and should be applied prospectively. Refer to Note 19.
Schedule of pending accounting pronouncements | ​
​ | ​ | ​
Standard |  | Description
ASU No. 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures, issued November 2024 | ​ | Requires enhanced disclosures of specified information about certain costs and expenses. The amendments are effective for annual periods beginning January 1, 2027, and interim periods beginning January 1, 2028. Early adoption is prohibited.
ASU No. 2023-06, Disclosure Improvements, issued October 2023 | ​ | Requires amending certain disclosure and presentation requirements for a variety of topics within the ASC. The effective date for each amended topic in the ASC is either the date on which the SEC’s removal of the related disclosure requirement from Regulation S-X or S-K becomes effective, or June 30, 2027, if the SEC has not removed the requirements by that date. Early adoption is prohibited.
ASU No. 2023-09, Income Taxes (Topic 740), issued December 2023. | ​ | Requires disclosure of specific categories in rate reconciliation and additional information for reconciling items that meet a quantitative threshold, additional information about income taxes paid, and disclosure of disaggregated income tax information. The amendments are effective January 1, 2025 and early adoption is permitted.
​

X
- Definition Tabular disclosure of adopted accounting pronouncements. + References No definition available. + Details
Name: | leco_AdoptedAccountingPronouncementsTableTextBlock
Namespace Prefix: | leco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pending accounting pronouncements. + References No definition available. + Details
Name: | leco_PendingAccountingPronouncementsTableTextBlock
Namespace Prefix: | leco_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_AccountingPoliciesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482099/360-10-50-1 + Details
Name: | us-gaap_PropertyPlantAndEquipmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration