SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2023

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, 2023	$	12,556	$	1,195	$	(94)	$	2,193	$	11,464
Year Ended December 31, 2022		11,105		1,778		598		925		12,556
Year Ended December 31, 2021		14,779		718		(2,491)		1,901		11,105
Deferred tax asset valuation allowance:
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
Year Ended December 31, 2021		65,413		1,147		(3,873)		7,068		55,619

(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.