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GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

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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