$LECO
LINCOLN ELECTRIC HOLDINGS INC

2014 Q2 Form 10-Q Financial Statement

#000005952714000022 Filed on July 28, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $728.5M $727.4M
YoY Change 0.15% -2.23%
Cost Of Revenue $478.3M $487.1M
YoY Change -1.81% -6.16%
Gross Profit $250.3M $240.3M
YoY Change 4.13% 6.82%
Gross Profit Margin 34.35% 33.04%
Selling, General & Admin $137.2M $135.2M
YoY Change 1.44% 5.87%
% of Gross Profit 54.8% 56.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $18.00M $17.20M
YoY Change 4.65% 6.17%
% of Gross Profit 7.19% 7.16%
Operating Expenses $137.2M $135.2M
YoY Change 1.44% 5.87%
Operating Profit $112.3M $104.3M
YoY Change 7.68% 8.59%
Interest Expense $986.0K $799.0K
YoY Change 23.4% -29.04%
% of Operating Profit 0.88% 0.77%
Other Income/Expense, Net $2.591M $2.262M
YoY Change 14.54% 6.1%
Pretax Income $114.9M $106.5M
YoY Change 7.82% 8.53%
Income Tax $37.58M $34.01M
% Of Pretax Income 32.71% 31.92%
Net Earnings $77.29M $72.53M
YoY Change 6.57% 9.29%
Net Earnings / Revenue 10.61% 9.97%
Basic Earnings Per Share $0.97 $0.88
Diluted Earnings Per Share $0.96 $0.87
COMMON SHARES
Basic Shares Outstanding 79.87M shares 82.42M shares
Diluted Shares Outstanding 80.77M shares 83.41M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $204.3M $256.4M
YoY Change -20.32% -16.75%
Cash & Equivalents $204.3M $256.4M
Short-Term Investments
Other Short-Term Assets $126.2M $113.8M
YoY Change 10.88% 8.09%
Inventory $368.0M $367.6M
Prepaid Expenses
Receivables $407.2M $396.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.106B $1.134B
YoY Change -2.51% -8.26%
LONG-TERM ASSETS
Property, Plant & Equipment $481.9M $476.2M
YoY Change 1.2% -0.07%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $557.2M $449.7M
YoY Change 23.9% 45.45%
Total Long-Term Assets $1.039B $925.9M
YoY Change 12.23% 17.84%
TOTAL ASSETS
Total Short-Term Assets $1.106B $1.134B
Total Long-Term Assets $1.039B $925.9M
Total Assets $2.145B $2.060B
YoY Change 4.11% 1.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $196.9M $195.5M
YoY Change 0.75% -3.43%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $5.000M $14.30M
YoY Change -65.03% -26.67%
Long-Term Debt Due $1.900M $400.0K
YoY Change 375.0% -66.67%
Total Short-Term Liabilities $464.5M $452.7M
YoY Change 2.61% -1.46%
LONG-TERM LIABILITIES
Long-Term Debt $1.200M $1.400M
YoY Change -14.29% -41.67%
Other Long-Term Liabilities $134.8M $80.61M
YoY Change 67.25% -71.13%
Total Long-Term Liabilities $158.9M $213.0M
YoY Change -25.4% -24.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $464.5M $452.7M
Total Long-Term Liabilities $158.9M $213.0M
Total Liabilities $623.4M $665.7M
YoY Change -6.35% -12.03%
SHAREHOLDERS EQUITY
Retained Earnings $2.005B $1.789B
YoY Change 12.1%
Common Stock $258.4M $234.2M
YoY Change 10.32%
Preferred Stock
YoY Change
Treasury Stock (at cost) $597.9M $384.8M
YoY Change 55.36%
Treasury Stock Shares
Shareholders Equity $1.518B $1.379B
YoY Change
Total Liabilities & Shareholders Equity $2.145B $2.060B
YoY Change 4.11% 1.89%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $77.29M $72.53M
YoY Change 6.57% 9.29%
Depreciation, Depletion And Amortization $18.00M $17.20M
YoY Change 4.65% 6.17%
Cash From Operating Activities $105.0M $107.2M
YoY Change -2.05% 31.21%
INVESTING ACTIVITIES
Capital Expenditures -$25.40M -$15.90M
YoY Change 59.75% 16.91%
Acquisitions
YoY Change
Other Investing Activities $4.700M -$7.900M
YoY Change -159.49% -72.57%
Cash From Investing Activities -$20.80M -$23.70M
YoY Change -12.24% -44.24%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -87.00M -72.60M
YoY Change 19.83% 156.54%
NET CHANGE
Cash From Operating Activities 105.0M 107.2M
Cash From Investing Activities -20.80M -23.70M
Cash From Financing Activities -87.00M -72.60M
Net Change In Cash -2.800M 10.90M
YoY Change -125.69% 0.0%
FREE CASH FLOW
Cash From Operating Activities $105.0M $107.2M
Capital Expenditures -$25.40M -$15.90M
Free Cash Flow $130.4M $123.1M
YoY Change 5.93% 29.17%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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267000 USD
CY2014Q2 us-gaap Inventory Net
InventoryNet
368027000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
349963000 USD
CY2013Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
112478000 USD
CY2014Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
105733000 USD
CY2014Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
42756000 USD
CY2013Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
38963000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1916000 USD
us-gaap Investment Income Interest
InvestmentIncomeInterest
1838000 USD
CY2013Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
890000 USD
CY2014Q2 us-gaap Investment Income Interest
InvestmentIncomeInterest
924000 USD
CY2014Q2 us-gaap Land
Land
48861000 USD
CY2013Q4 us-gaap Land
Land
48369000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2151867000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2144839000 USD
CY2014Q2 us-gaap Liabilities Current
LiabilitiesCurrent
464489000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
456917000 USD
CY2014Q2 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
158877000 USD
CY2013Q4 us-gaap Liabilities Noncurrent
LiabilitiesNoncurrent
164262000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
3791000 USD
CY2014Q2 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1159000 USD
CY2013Q4 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
715000 USD
CY2014Q2 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
1912000 USD
CY2014Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
2979000 USD
CY2013Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
4212000 USD
CY2014Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
735424000 USD
CY2013Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
723715000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
4086000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
3937000 USD
us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
531000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-162437000 USD
CY2013Q2 us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
226000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-33973000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-1816000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
587000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-73152000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-39349000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-34552000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
118605000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
87051000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-72000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-42000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-43000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-79000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
133785000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
139412000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
77332000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72606000 USD
CY2014Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2591000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4579000 USD
CY2013Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2262000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
4311000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
5 segment
us-gaap Operating Income Loss
OperatingIncomeLoss
192902000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
192713000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
112275000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
104272000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
113853000 USD
CY2014Q2 us-gaap Other Assets Current
OtherAssetsCurrent
126204000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
537087000 USD
CY2014Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
557239000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
11933000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-20703000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-176000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-15000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
90000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-331000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
184000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-217000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-35100000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-228000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-20861000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
12130000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14490000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-15904000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
4255000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-24436000 USD
us-gaap Pension Expense
PensionExpense
11660000 USD
us-gaap Pension Expense
PensionExpense
20621000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
57000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
71000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-1392000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
592000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5509000 USD
CY2014Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
22901000 USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
26999000 USD
CY2013Q2 us-gaap Pension Expense
PensionExpense
10174000 USD
CY2014Q2 us-gaap Pension Expense
PensionExpense
5791000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-15742000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
14466000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-24387000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
3550000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-10077000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-5080000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-4972000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2536000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
6182000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3114000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
3261000 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
1423000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
228822000 USD
CY2014Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
260652000 USD
CY2014Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
134817000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
133472000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
4757000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1015000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1627000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
913000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2161000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1078000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
69677000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
119333000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2936000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
37119000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16580000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
892000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
4676000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
4217000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
-778000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
31048000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
39947000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
354000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
6200000 USD
CY2013Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-4961000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-9586000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-5366000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
224000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1508000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
9914000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
1653000 USD
us-gaap Restructuring Charges
RestructuringCharges
729000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
859000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
1151000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
514000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4010000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
13204000 USD
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15180000 USD
CY2012Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15304000 USD
CY2013Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
14585000 USD
CY2014Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15618000 USD
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-190000 USD
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
25000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
5787000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
6306000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
5777000 USD
us-gaap Profit Loss
ProfitLoss
133713000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
72527000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
77289000 USD
us-gaap Profit Loss
ProfitLoss
139370000 USD
CY2014Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1156113000 USD
CY2013Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1145457000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
484005000 USD
CY2014Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
481861000 USD
CY2014Q2 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2533000 USD
CY2013Q4 us-gaap Restructuring Reserve
RestructuringReserve
3276000 USD
CY2014Q2 us-gaap Restructuring Reserve
RestructuringReserve
1069000 USD
CY2014Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
836000 USD
CY2013Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
851000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
819000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
1902000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1908462000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
2005468000 USD
CY2014Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
CY2013Q2 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0 USD
us-gaap Revenues
Revenues
1413593000 USD
us-gaap Revenues
Revenues
1446005000 USD
CY2014Q2 us-gaap Revenues
Revenues
728531000 USD
CY2013Q2 us-gaap Revenues
Revenues
727432000 USD
CY2013Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
727432000 USD
CY2014Q2 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
728531000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1413593000 USD
us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
1446005000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
283071000 USD
CY2014Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
137156000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
272106000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
135215000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4979000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4585000 USD
CY2014Q2 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
4996000 USD
CY2013Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
14581000 USD
CY2014Q2 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
3930000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
23907000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11195000 USD
CY2014Q2 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
45000000 shares
CY2014Q2 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
13975014 shares
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
1517536000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1526602000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1521473000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1530688000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1358321000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1394455000 USD
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1695745 shares
CY2014Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1009353 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
480296000 USD
CY2014Q2 us-gaap Treasury Stock Value
TreasuryStockValue
597898000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
69677000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
119333000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
21907000 USD
CY2014Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
11920000 USD
CY2014Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
900000 shares
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
992000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
934000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1037000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
81194000 shares
leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
211146000 USD
CY2014Q2 leco Interest Percentage Charged On Tax Assessment
InterestPercentageChargedOnTaxAssessment
0.05
leco Maximum Periodforwhich Derivative Contracts Cover Currencyand Commodity Exposures
MaximumPeriodforwhichDerivativeContractsCoverCurrencyandCommodityExposures
P2Y
CY2013Q1 leco Official Bolivars Exchange Rate After2013 Devaluation
OfficialBolivarsExchangeRateAfter2013Devaluation
6.3
CY2013Q4 leco Cashand Cash Equivalents Locatedin Venezuela
CashandCashEquivalentsLocatedinVenezuela
50642000 USD
CY2014Q2 leco Cashand Cash Equivalents Locatedin Venezuela
CashandCashEquivalentsLocatedinVenezuela
16028000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83606000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
83411000 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80773000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82569000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
80260000 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79873000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
82419000 shares
CY2014Q2 leco Asset Foreign Currency Denominated Value
AssetForeignCurrencyDenominatedValue
23973000 USD
CY2013Q4 leco Asset Foreign Currency Denominated Value
AssetForeignCurrencyDenominatedValue
38633000 USD
leco Business Combination Contingent Consideration Arrangements Basis For Amount Period
BusinessCombinationContingentConsiderationArrangementsBasisForAmountPeriod
P3Y
CY2014Q2 leco Debt And Capital Lease Obligations Excluding Short Term Borrowings
DebtAndCapitalLeaseObligationsExcludingShortTermBorrowings
3071000 USD
CY2013Q4 leco Debt And Capital Lease Obligations Excluding Short Term Borrowings
DebtAndCapitalLeaseObligationsExcludingShortTermBorrowings
4506000 USD
CY2014Q2 leco Effect Of Liquidation Of Inventory Valued At Historical Exchange Rate After Currency Devaluation
EffectOfLiquidationOfInventoryValuedAtHistoricalExchangeRateAfterCurrencyDevaluation
-3468000 USD
leco Effect Of Liquidation Of Inventory Valued At Historical Exchange Rate After Currency Devaluation
EffectOfLiquidationOfInventoryValuedAtHistoricalExchangeRateAfterCurrencyDevaluation
-1579000 USD
leco Equity Increase Decreasefrom Transactionswith Noncontrolling Interest Holders
EquityIncreaseDecreasefromTransactionswithNoncontrollingInterestHolders
-2266000 USD
CY2014Q2 leco Estimated Impact Of Tax Adjustments Settlements And Unusual Provisions
EstimatedImpactOfTaxAdjustmentsSettlementsAndUnusualProvisions
58651000 USD
CY2014Q2 leco Estimated Interest Expense Assessment On Income Tax Examination
EstimatedInterestExpenseAssessmentOnIncomeTaxExamination
15974000 USD
CY2013Q2 leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
109832000 USD
leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
219962000 USD
CY2014Q2 leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
119232000 USD
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2013Q2 leco Special Items Charge Gain
SpecialItemsChargeGain
3389000 USD
leco Special Items Charge Gain
SpecialItemsChargeGain
14100000 USD
leco Special Items Charge Gain
SpecialItemsChargeGain
21952000 USD
leco Special Items Rationalization Gain On Sale Of Assets
SpecialItemsRationalizationGainOnSaleOfAssets
35000 USD
leco Transactionswith Noncontrolling Interests
TransactionswithNoncontrollingInterests
2809000 USD
leco Transactionswith Noncontrolling Interests
TransactionswithNoncontrollingInterests
2330000 USD
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2012Q4 leco Official Bolivarsto Us Dollars Exchange Rate Setby Venezuelan Governmentafter Devaluation
OfficialBolivarstoUSDollarsExchangeRateSetbyVenezuelanGovernmentafterDevaluation
4.3
leco Pensioncontributionsanddirectpayments
Pensioncontributionsanddirectpayments
81351000 USD
leco Pensioncontributionsanddirectpayments
Pensioncontributionsanddirectpayments
24164000 USD
leco Pensionexpenseexcludingportionsattributabletorestructuringplans
Pensionexpenseexcludingportionsattributabletorestructuringplans
14935000 USD
leco Pensionexpenseexcludingportionsattributabletorestructuringplans
Pensionexpenseexcludingportionsattributabletorestructuringplans
5476000 USD
CY2014Q2 leco Percentage Of Cost Of Debt
PercentageOfCostOfDebt
0.035
CY2014Q2 leco Percentage Of Risk Adjusted Cost Of Capital
PercentageOfRiskAdjustedCostOfCapital
0.159
leco Product Warranty Services Period
ProductWarrantyServicesPeriod
P3Y
CY2014Q2 leco Rate Of Interest Earned On Tax Deposit
RateOfInterestEarnedOnTaxDeposit
0.01
CY2014Q1 leco Sicadi Rate
SICADIRate
10.7
CY2014Q2 leco Sicadi Rate
SICADIRate
10.6
CY2014Q2 leco Special Items Charge Gain
SpecialItemsChargeGain
4304000 USD
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000059527
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
79466202 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
LINCOLN ELECTRIC HOLDINGS INC

Files In Submission

Name View Source Status
0000059527-14-000022-index-headers.html Edgar Link pending
0000059527-14-000022-index.html Edgar Link pending
0000059527-14-000022.txt Edgar Link pending
0000059527-14-000022-xbrl.zip Edgar Link pending
exhibit311q22014.htm Edgar Link pending
exhibit312q22014.htm Edgar Link pending
exhibit321q22014.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
g198901ba01i001a01a01a01.jpg Edgar Link pending
leco-20140630.xml Edgar Link completed
leco-20140630.xsd Edgar Link pending
leco-20140630x10q.htm Edgar Link pending
leco-20140630_cal.xml Edgar Link unprocessable
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leco-20140630_pre.xml Edgar Link unprocessable
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