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GOODWILL AND INTANGIBLES (Tables) | 12 Months Ended
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Dec. 31, 2025
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, 2025 and 2024 were as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ ​ ​ | ​ | ​ | ​ ​ ​ | The Harris | ​ ​ ​ | ​ | ​
​ | Americas | ​ | International | ​ | Products | ​ | ​ | ​
​ | Welding | ​ ​ ​ | Welding | ​ ​ ​ | Group | ​ ​ ​ | Consolidated
Balance as of December 31, 2023 | $ | 497,600 | ​ |  | 153,479 | ​ |  | 43,373 | ​ |  | 694,452
Additions and adjustments (1) |  | 101,657 | ​ | ​ | 33,427 | ​ | ​ | — | ​ |  | 135,084
Foreign currency translation |  | (13,443) | ​ | ​ | (10,644) | ​ | ​ | (522) | ​ |  | (24,609)
Balance as of December 31, 2024 |  | 585,814 | ​ |  | 176,262 | ​ |  | 42,851 | ​ |  | 804,927
Additions and adjustments (2) | ​ | (662) | ​ | ​ | 57,575 | ​ | ​ | — | ​ | ​ | 56,913
Foreign currency translation |  | 8,048 | ​ | ​ | 16,220 | ​ | ​ | 578 | ​ | ​ | 24,846
Balance as of December 31, 2025 | $ | 593,200 | ​ | $ | 250,057 | ​ | $ | 43,429 | ​ | $ | 886,686
​
(1) | Additions to Americas Welding reflect goodwill recognized in the acquisitions of Vanair and RedViking. Additions to International Welding reflect goodwill recognized in the acquisition of Inrotech.
(2) | Decreases to Americas Welding reflects Vanair and RedViking purchase accounting adjustments. Additions to International Welding reflect goodwill recognized in the acquisition of Alloy Steel.
Schedule of gross and net indefinite-lived intangible assets other than goodwill by asset class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025 | ​ | December 31, 2024
​ | ​ | Gross | ​ ​ ​ | Accumulated | ​ ​ ​ | Gross | ​ ​ ​ | Accumulated
​ |  | Amount | ​ ​ ​ | Amortization | ​ ​ ​ | Amount | ​ ​ ​ | Amortization
Intangible assets not subject to amortization | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Trademarks and trade names | ​ | $ | 16,311 |  | ​ | ​ | ​ | $ | 16,208 |  | ​ | ​
Intangible assets subject to amortization | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​
Trademarks and trade names | ​ | $ | 109,798 | ​ | $ | 57,807 | ​ | $ | 106,512 | ​ | $ | 55,078
Customer relationships | ​ |  | 217,968 | ​ |  | 115,783 | ​ |  | 192,196 | ​ |  | 106,719
Technology and know-how | ​ | ​ | 102,495 | ​ | ​ | 36,483 | ​ | ​ | 82,019 | ​ | ​ | 29,478
Patents | ​ |  | 24,173 | ​ |  | 16,820 | ​ |  | 23,901 | ​ |  | 16,008
Other | ​ |  | 44,260 | ​ |  | 37,688 | ​ |  | 42,315 | ​ |  | 34,863
Total intangible assets subject to amortization | ​ | $ | 498,694 | ​ | $ | 264,581 | ​ | $ | 446,943 | ​ | $ | 242,146
Schedule of gross and net finite-lived intangible assets other than goodwill by asset class | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2025 | ​ | December 31, 2024
​ | ​ | Gross | ​ ​ ​ | Accumulated | ​ ​ ​ | Gross | ​ ​ ​ | Accumulated
​ |  | Amount | ​ ​ ​ | Amortization | ​ ​ ​ | Amount | ​ ​ ​ | Amortization
Intangible assets not subject to amortization | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ |  | ​ | ​
Trademarks and trade names | ​ | $ | 16,311 |  | ​ | ​ | ​ | $ | 16,208 |  | ​ | ​
Intangible assets subject to amortization | ​ |  | ​ |  | ​ | ​ | ​ |  | ​ |  | ​ | ​
Trademarks and trade names | ​ | $ | 109,798 | ​ | $ | 57,807 | ​ | $ | 106,512 | ​ | $ | 55,078
Customer relationships | ​ |  | 217,968 | ​ |  | 115,783 | ​ |  | 192,196 | ​ |  | 106,719
Technology and know-how | ​ | ​ | 102,495 | ​ | ​ | 36,483 | ​ | ​ | 82,019 | ​ | ​ | 29,478
Patents | ​ |  | 24,173 | ​ |  | 16,820 | ​ |  | 23,901 | ​ |  | 16,008
Other | ​ |  | 44,260 | ​ |  | 37,688 | ​ |  | 42,315 | ​ |  | 34,863
Total intangible assets subject to amortization | ​ | $ | 498,694 | ​ | $ | 264,581 | ​ | $ | 446,943 | ​ | $ | 242,146
Schedule of Acquired Finite-Lived Intangible Assets by Major Class | ​
​ | ​ | ​ | ​ | ​
​ | Year Ended December 31, 2025
​ | Purchase Price | ​ | Weighted
​ | Allocation | ​ ​ ​ | Average Life
Acquired intangible assets subject to amortization |  | ​ |  | ​
Trademarks and trade names | $ | 7,407 |  | 15
Customer relationships |  | 25,491 |  | 14
Technology and know-how |  | 19,685 |  | 20
Other |  | 1,295 |  | 5
Total acquired intangible assets subject to amortization | $ | 53,878 |  | ​

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