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RATIONALIZATION AND ASSET IMPAIRMENTS | 3 Months Ended
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Mar. 31, 2026
RATIONALIZATION AND ASSET IMPAIRMENTS |
RATIONALIZATION AND ASSET IMPAIRMENTS | NOTE 6 — RATIONALIZATION AND ASSET IMPAIRMENTS The Company has rationalization plans within all three of its reportable segments. The plans impacted headcount and included the consolidation of manufacturing facilities to better align with the cost structure, economic conditions and operating needs of the business. The following table presents Rationalization and asset impairment net charges by segment: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Three Months Ended March 31,
​ | ​ | 2026 | ​ | 2025
Americas Welding | ​ | $ | 573 | ​ | $ | 2,135
International Welding | ​ |  | 1,772 | ​ |  | 1,552
The Harris Products Group | ​ |  | (182) | ​ |  | 178
Total | ​ | $ | 2,163 | ​ | $ | 3,865
​ At March 31, 2026 and December 31, 2025, rationalization liabilities of $4,140 and $7,085, respectively, were recognized in Other current liabilities in the Company’s Condensed Consolidated Balance Sheet. The Company does not anticipate significant additional charges related to the completion of these plans. The Company believes the rationalization actions will positively impact future results of operations and will not have a material effect on liquidity and sources and uses of capital. The Company continues to evaluate its cost structure and additional rationalization actions may result in charges in future periods. The following table summarizes the activity related to rationalization liabilities for the three months ended March 31, 2026: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | Americas | ​ | International | ​ ​ ​ | The Harris Products | ​ ​ ​ | ​
​ | ​ | Welding | ​ | Welding | ​ ​ ​ | Group | ​ ​ ​ | Consolidated
Balance at December 31, 2025 | ​ | $ | 944 | ​ | $ | 5,713 | ​ | $ | 428 | ​ | $ | 7,085
Payments and other adjustments | ​ |  | (1,030) | ​ |  | (4,048) | ​ |  | (30) | ​ |  | (5,108)
Charged to expense | ​ |  | 573 | ​ |  | 1,772 | ​ |  | (182) | ​ |  | 2,163
Balance at March 31, 2026 | ​ | $ | 487 | ​ | $ | 3,437 | ​ | $ | 216 | ​ | $ | 4,140
​

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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