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SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2024

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			(Credited)
		Beginning			Costs and			Charged to						Balance at End
Description		Of period			Expenses			Other Accounts ⁽¹⁾			Deductions ⁽²⁾			of Period
Allowance for doubtful accounts:
Year Ended December 31, 2024		$	11,464		$	4,371		$	(2,057)		$	1,104		$	12,674
Year Ended December 31, 2023			12,556			1,195			(94)			2,193			11,464
Year Ended December 31, 2022			11,105			1,778			598			925			12,556

Deferred tax asset valuation allowance:
Year Ended December 31, 2024		$	36,876		$	3,010		$	(3,532)		$	1,070		$	35,284
Year Ended December 31, 2023			44,627			4,570			(606)			11,715			36,876
Year Ended December 31, 2022			55,619			2,262			(5,197)			8,057			44,627

(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.