GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2022

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, 2022 and 2021 were as follows:

					The Harris
	Americas		International		Products
	Welding		Welding		Group		Consolidated
Balance as of December 31, 2020	$	279,810	$	39,060	$	16,723	$	335,593
Additions and adjustments (1)		—		77,317		26,519		103,836
Foreign currency translation		173		(9,284)		(156)		(9,267)
Balance as of December 31, 2021		279,983		107,093		43,086		430,162
Additions and adjustments (2)		215,617		31,288		(159)		246,746
Foreign currency translation		(3,413)		(8,462)		224		(11,651)
Balance as of December 31, 2022	$	492,187	$	129,919	$	43,151	$	665,257

(1) Additions to International Welding reflect goodwill recognized in the acquisition of Zeman in 2021. Additions to The Harris Products Group reflect goodwill recognized in the acquisition of FTP in 2021.

(2) Additions to Americas Welding reflect goodwill recognized in the acquisition of Fori and Kestra in 2022. International Welding reflect goodwill recognized in the acquisition of Fori in 2022.

Schedule of gross and net indefinite-lived intangible assets other than goodwill by asset class

	December 31, 2022				December 31, 2021
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization
Intangible assets not subject to amortization
Trademarks and trade names	$	15,963			$	15,828
Intangible assets subject to amortization
Trademarks and trade names	$	93,424	$	47,969	$	72,755	$	44,623
Customer relationships		170,231		95,385		154,634		92,404
Patents		23,603		15,113		24,734		15,058
Other		112,404		54,452		83,223		49,696
Total intangible assets subject to amortization	$	399,662	$	212,919	$	335,346	$	201,781

Schedule of gross and net finite-lived intangible assets other than goodwill by asset class

	December 31, 2022				December 31, 2021
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization
Intangible assets not subject to amortization
Trademarks and trade names	$	15,963			$	15,828
Intangible assets subject to amortization
Trademarks and trade names	$	93,424	$	47,969	$	72,755	$	44,623
Customer relationships		170,231		95,385		154,634		92,404
Patents		23,603		15,113		24,734		15,058
Other		112,404		54,452		83,223		49,696
Total intangible assets subject to amortization	$	399,662	$	212,919	$	335,346	$	201,781

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

	Year Ended December 31, 2022
	Purchase Price		Weighted
	Allocation		Average Life
Acquired intangible assets subject to amortization
Trademarks and trade names	$	23,770	13
Customer relationships		24,243	13
Other		30,661	9
Total acquired intangible assets subject to amortization	$	78,674