$LECO
LINCOLN ELECTRIC HOLDINGS INC

2021 Q4 Form 10-K Financial Statement

#000005952722000006 Filed on February 18, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $844.3M $3.234B $693.8M
YoY Change 21.69% 21.8% -5.77%
Cost Of Revenue $570.8M $2.166B $464.5M
YoY Change 22.88% 21.38% -6.24%
Gross Profit $273.5M $1.069B $229.3M
YoY Change 19.27% 22.64% -4.83%
Gross Profit Margin 32.39% 33.04% 33.05%
Selling, General & Admin $148.1M $597.1M $136.4M
YoY Change 8.54% 9.8% -3.88%
% of Gross Profit 54.14% 55.88% 59.49%
Research & Development $55.97M
YoY Change 8.86%
% of Gross Profit 5.24%
Depreciation & Amortization $20.59M $81.15M $19.90M
YoY Change 3.46% 0.81% -5.69%
% of Gross Profit 7.53% 7.59% 8.68%
Operating Expenses $148.1M $653.1M $136.4M
YoY Change 8.54% 9.72% -3.88%
Operating Profit $125.4M $461.7M $92.90M
YoY Change 35.01% 63.67% -6.19%
Interest Expense -$8.085M $23.78M -$5.000M
YoY Change 61.7% -0.74% -61.54%
% of Operating Profit -6.45% 5.15% -5.38%
Other Income/Expense, Net $3.448M -$114.5M $2.700M
YoY Change 27.7% -3003.53% -15.63%
Pretax Income $71.57M $325.0M $81.10M
YoY Change -11.75% 23.09% 1.0%
Income Tax -$2.841M $48.42M $16.10M
% Of Pretax Income -3.97% 14.9% 19.85%
Net Earnings $74.43M $276.5M $65.10M
YoY Change 14.33% 34.13% 2.2%
Net Earnings / Revenue 8.82% 8.55% 9.38%
Basic Earnings Per Share $4.66
Diluted Earnings Per Share $1.246M $4.60 $1.078M
COMMON SHARES
Basic Shares Outstanding 59.31M
Diluted Shares Outstanding 60.06M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $193.0M $193.0M $257.3M
YoY Change -25.01% -25.01% 28.91%
Cash & Equivalents $193.0M $193.0M $257.3M
Short-Term Investments
Other Short-Term Assets $127.6M $127.6M $100.3M
YoY Change 27.24% 27.26% -6.78%
Inventory $539.9M $539.9M $381.3M
Prepaid Expenses $20.62M $19.58M
Receivables $429.1M $429.1M $373.5M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.290B $1.290B $1.112B
YoY Change 15.93% 15.94% 3.42%
LONG-TERM ASSETS
Property, Plant & Equipment $511.7M $559.7M $522.1M
YoY Change -1.98% -1.06% -1.37%
Goodwill $430.2M $335.6M
YoY Change 28.18% -0.45%
Intangibles $149.4M $134.5M
YoY Change 11.11% -24.38%
Long-Term Investments $5.181M $4.682M
YoY Change 10.66% 9.55%
Other Assets $360.8M $163.4M $193.0M
YoY Change 86.93% -1.77% -18.6%
Total Long-Term Assets $1.303B $1.303B $1.202B
YoY Change 8.37% 8.36% -7.22%
TOTAL ASSETS
Total Short-Term Assets $1.290B $1.290B $1.112B
Total Long-Term Assets $1.303B $1.303B $1.202B
Total Assets $2.592B $2.592B $2.314B
YoY Change 12.01% 12.0% -2.39%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $330.2M $330.2M $256.5M
YoY Change 28.73% 28.74% -6.03%
Accrued Expenses $118.8M $118.8M $109.9M
YoY Change 8.08% 8.08% 13.77%
Deferred Revenue
YoY Change
Short-Term Debt $51.96M $51.96M $2.600M
YoY Change 1898.62% 1898.62% -92.55%
Long-Term Debt Due $766.0K $766.0K $111.0K
YoY Change 590.09% 666.0% -0.89%
Total Short-Term Liabilities $755.9M $755.9M $549.4M
YoY Change 37.58% 37.59% -2.43%
LONG-TERM LIABILITIES
Long-Term Debt $717.1M $717.1M $715.5M
YoY Change 0.23% 0.22% 0.44%
Other Long-Term Liabilities $255.4M $198.7M $212.6M
YoY Change 20.16% -6.54% 0.07%
Total Long-Term Liabilities $972.5M $915.8M $928.0M
YoY Change 4.79% -1.33% 0.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $755.9M $755.9M $549.4M
Total Long-Term Liabilities $972.5M $915.8M $928.0M
Total Liabilities $1.728B $1.728B $1.524B
YoY Change 13.4% 13.31% -1.8%
SHAREHOLDERS EQUITY
Retained Earnings $2.970B $2.821B
YoY Change 5.28% 3.1%
Common Stock $461.1M $419.8M
YoY Change 9.84% 5.14%
Preferred Stock
YoY Change
Treasury Stock (at cost) $2.310B $2.150B
YoY Change 7.45% 5.29%
Treasury Stock Shares $39.79M $38.94M
Shareholders Equity $864.1M $864.1M $789.3M
YoY Change
Total Liabilities & Shareholders Equity $2.592B $2.592B $2.314B
YoY Change 12.01% 12.0% -2.39%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $74.43M $276.5M $65.10M
YoY Change 14.33% 34.13% 2.2%
Depreciation, Depletion And Amortization $20.59M $81.15M $19.90M
YoY Change 3.46% 0.81% -5.69%
Cash From Operating Activities $109.9M $365.1M $135.8M
YoY Change -19.04% 3.9% 10.86%
INVESTING ACTIVITIES
Capital Expenditures -$16.09M -$62.53M -$22.10M
YoY Change -27.19% 5.63% 38.13%
Acquisitions $156.1M
YoY Change
Other Investing Activities $5.433M -$6.500M $3.000M
YoY Change 81.1% 180.05% 50.0%
Cash From Investing Activities -$10.66M -$205.4M -$19.00M
YoY Change -43.91% 317.28% 35.71%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $164.5M
YoY Change 45.01%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -65.83M -221.9M -18.80M
YoY Change 250.15% -9.83% -72.91%
NET CHANGE
Cash From Operating Activities 109.9M 365.1M 135.8M
Cash From Investing Activities -10.66M -205.4M -19.00M
Cash From Financing Activities -65.83M -221.9M -18.80M
Net Change In Cash 33.45M -64.32M 98.00M
YoY Change -65.87% -211.44% 150.64%
FREE CASH FLOW
Cash From Operating Activities $109.9M $365.1M $135.8M
Capital Expenditures -$16.09M -$62.53M -$22.10M
Free Cash Flow $126.0M $427.6M $157.9M
YoY Change -20.18% 4.15% 14.01%

Facts In Submission

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CY2021Q4 us-gaap Common Stock Shares Authorized
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CY2020Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2020Q4 us-gaap Common Stock Shares Outstanding
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CY2020Q4 us-gaap Common Stock Value
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CY2020Q4 us-gaap Additional Paid In Capital Common Stock
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CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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CY2021Q4 us-gaap Treasury Stock Shares
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CY2020Q4 us-gaap Treasury Stock Shares
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CY2021Q4 us-gaap Treasury Stock Value
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CY2020Q4 us-gaap Treasury Stock Value
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CY2021Q4 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Stockholders Equity
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CY2020Q4 us-gaap Minority Interest
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CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2021Q4 us-gaap Liabilities And Stockholders Equity
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2592307000
CY2020Q4 us-gaap Liabilities And Stockholders Equity
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CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2019 us-gaap Profit Loss
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CY2019 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2019 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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-68000
CY2019 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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6735000
CY2019 us-gaap Common Stock Dividends Per Share Declared
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1.90
CY2019 us-gaap Dividends Common Stock Cash
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CY2019 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2019 us-gaap Treasury Stock Value Acquired Cost Method
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CY2019 us-gaap Stockholders Equity Other
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96000
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2020 us-gaap Profit Loss
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206144000
CY2020 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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31224000
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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861000
CY2020 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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4068000
CY2020 us-gaap Common Stock Dividends Per Share Declared
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1.98
CY2020 us-gaap Dividends Common Stock Cash
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CY2020 us-gaap Stock Issued During Period Value Share Based Compensation
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CY2020 us-gaap Treasury Stock Value Acquired Cost Method
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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790250000
CY2021 us-gaap Profit Loss
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276580000
CY2021 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
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5607000
CY2021 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-49745000
CY2021 us-gaap Common Stock Dividends Per Share Declared
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2.09
CY2021 us-gaap Dividends Common Stock Cash
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124669000
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation
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43019000
CY2021 us-gaap Treasury Stock Value Acquired Cost Method
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164526000
CY2021 us-gaap Stockholders Equity Other
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1146000
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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863909000
CY2021 us-gaap Net Income Loss
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276466000
CY2020 us-gaap Net Income Loss
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206115000
CY2019 us-gaap Net Income Loss
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293109000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
114000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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29000
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2021 us-gaap Profit Loss
ProfitLoss
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CY2020 us-gaap Profit Loss
ProfitLoss
206144000
CY2019 us-gaap Profit Loss
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293083000
CY2021 us-gaap Restructuring Costs And Asset Impairment Charges
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CY2020 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
21835000
CY2019 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
3500000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81146000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
80492000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81487000
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
499000
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
408000
CY2019 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1427000
CY2021 us-gaap Deferred Income Taxes And Tax Credits
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-28556000
CY2020 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-2948000
CY2019 us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
13019000
CY2021 us-gaap Share Based Compensation
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23787000
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
15388000
CY2019 us-gaap Share Based Compensation
ShareBasedCompensation
16624000
CY2021 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
0
CY2020 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
0
CY2019 us-gaap Business Combination Step Acquisition Equity Interest In Acquiree Remeasurement Gain Or Loss
BusinessCombinationStepAcquisitionEquityInterestInAcquireeRemeasurementGainOrLoss
7601000
CY2021 us-gaap Pension Expense Reversal Of Expense Noncash
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126502000
CY2020 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
8119000
CY2019 us-gaap Pension Expense Reversal Of Expense Noncash
PensionExpenseReversalOfExpenseNoncash
0
CY2021 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
16975000
CY2020 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
18115000
CY2019 us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
8155000
CY2021 us-gaap Increase Decrease In Accounts Receivable
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65844000
CY2020 us-gaap Increase Decrease In Accounts Receivable
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-3582000
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-50394000
CY2021 us-gaap Increase Decrease In Inventories
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154347000
CY2020 us-gaap Increase Decrease In Inventories
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-22751000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12023000
CY2021 us-gaap Increase Decrease In Other Current Assets
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23913000
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-14711000
CY2019 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-14269000
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
82394000
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-17919000
CY2019 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-8339000
CY2021 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
68292000
CY2020 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
22310000
CY2019 us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
-31223000
CY2021 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
2450000
CY2020 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
4580000
CY2019 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
423000
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
365063000
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
351362000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
403185000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
62531000
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
59201000
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
69615000
CY2021 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
156106000
CY2020 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0
CY2019 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
134717000
CY2021 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6781000
CY2020 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
7667000
CY2019 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
9509000
CY2021 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6500000
CY2020 us-gaap Payments For Proceeds From Other Investing Activities
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-2321000
CY2019 us-gaap Payments For Proceeds From Other Investing Activities
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-2000000
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
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-205356000
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49213000
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-192823000
CY2021 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
45968000
CY2020 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-31760000
CY2019 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
24322000
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
19232000
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
17192000
CY2019 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14347000
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
164526000
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
113455000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
292693000
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
121851000
CY2020 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
118118000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
117920000
CY2021 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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CY2020 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
CY2019 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-221940000
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-246141000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-371944000
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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-2088000
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1708000
CY2019 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2296000
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-64321000
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
57716000
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-159286000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257279000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199563000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
358849000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
192958000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
257279000
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
199563000
CY2021 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-1332000
CY2020 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-4229000
CY2019 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-5291000
CY2021Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
885718000
CY2021Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.36
CY2020Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.35
CY2021Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
23087000
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
24351000
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
20615000
CY2020Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
19584000
CY2021Q4 us-gaap Land
Land
67897000
CY2020Q4 us-gaap Land
Land
70335000
CY2021Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
426165000
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
433823000
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
902581000
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1379780000
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1406739000
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
868036000
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
884647000
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
511744000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
522092000
CY2021 leco Maximum Periodforwhich Derivative Contracts Cover Currencyand Commodity Exposures
MaximumPeriodforwhichDerivativeContractsCoverCurrencyandCommodityExposures
P3Y
CY2021 leco Product Warranty Services Period
ProductWarrantyServicesPeriod
P3Y
CY2021Q4 leco Percentage Net Sales Over Time
PercentageNetSalesOverTime
0.10
CY2019 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
56845000
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
55969000
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
51414000
CY2021 leco Costs Related To Discretionary Employee Bonus Programs
CostsRelatedToDiscretionaryEmployeeBonusPrograms
120686000
CY2020 leco Costs Related To Discretionary Employee Bonus Programs
CostsRelatedToDiscretionaryEmployeeBonusPrograms
87407000
CY2019 leco Costs Related To Discretionary Employee Bonus Programs
CostsRelatedToDiscretionaryEmployeeBonusPrograms
100381000
CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-weight:bold;margin:0pt 0pt 12pt 0pt;">Estimates</p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;margin:0pt 0pt 12pt 0pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions in certain circumstances that affect the amounts reported in the accompanying consolidated financial statements and notes. Actual results could differ from these estimates.</p>
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3234180000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2655400000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3003272000
CY2021Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
25300000
CY2020Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
22113000
CY2021 us-gaap Net Income Loss
NetIncomeLoss
276466000
CY2020 us-gaap Net Income Loss
NetIncomeLoss
206115000
CY2019 us-gaap Net Income Loss
NetIncomeLoss
293109000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59309000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59633000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
61960000
CY2021 leco Goodwill Additions And Adjustments
GoodwillAdditionsAndAdjustments
103836000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
753000
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
615000
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
698000
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60062000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60248000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
62658000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.66
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.46
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.73
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.60
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.42
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.68
CY2021 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2949
CY2020 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
615302
CY2019 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
524110
CY2019Q4 us-gaap Goodwill
Goodwill
337107000
CY2020 leco Goodwill Additions And Adjustments
GoodwillAdditionsAndAdjustments
596000
CY2020 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-2110000
CY2020Q4 us-gaap Goodwill
Goodwill
335593000
CY2021 us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
-9267000
CY2021Q4 us-gaap Goodwill
Goodwill
430162000
CY2021Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
335346000
CY2021Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
201781000
CY2020Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
304253000
CY2020Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
185297000
CY2021 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
46220000
CY2021 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
21155000
CY2020 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20363000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
20755000
CY2020Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
45468000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
21059000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
18572000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
16960000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
16086000
CY2021Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
15231000
CY2021 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
CY2021Q4 us-gaap Percentage Of Lifo Inventory
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0.36
CY2020Q4 us-gaap Percentage Of Lifo Inventory
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0.35
CY2019Q4 us-gaap Percentage Of Lifo Inventory
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0.36
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3234180000
CY2021 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0
CY2021 us-gaap Revenues
Revenues
3234180000
CY2021 leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
491268000
CY2021 leco Special Items Charge Gain
SpecialItemsChargeGain
144056000
CY2021 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
347212000
CY2021 us-gaap Investment Income Interest
InvestmentIncomeInterest
1567000
CY2021 us-gaap Interest Expense
InterestExpense
23781000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
324998000
CY2021Q4 us-gaap Assets
Assets
2592307000
CY2021Q4 us-gaap Equity Method Investments
EquityMethodInvestments
5181000
CY2021 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
62531000
CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81146000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2655400000
CY2020 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0
CY2020 us-gaap Revenues
Revenues
2655400000
CY2020 leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
340406000
CY2020 leco Special Items Charge Gain
SpecialItemsChargeGain
54393000
CY2020 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
IncomeLossFromContinuingOperationsBeforeInterestExpenseInterestIncomeIncomeTaxesExtraordinaryItemsNoncontrollingInterestsNet
286013000
CY2020 us-gaap Investment Income Interest
InvestmentIncomeInterest
1986000
CY2020 us-gaap Interest Expense
InterestExpense
23959000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
264040000
CY2020Q4 us-gaap Assets
Assets
2314453000
CY2020Q4 us-gaap Equity Method Investments
EquityMethodInvestments
4682000
CY2020 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
59201000
CY2020 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
80492000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3003272000
CY2019 us-gaap Revenue From Related Parties
RevenueFromRelatedParties
0
CY2019 us-gaap Revenues
Revenues
3003272000
CY2019 leco Income Loss Before Interest And Income Taxes Adjusted
IncomeLossBeforeInterestAndIncomeTaxesAdjusted
400753000
CY2019 leco Special Items Charge Gain
SpecialItemsChargeGain
8845000
CY2019 us-gaap Income Loss From Continuing Operations Before Interest Expense Interest Income Income Taxes Extraordinary Items Noncontrolling Interests Net
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391908000
CY2019 us-gaap Investment Income Interest
InvestmentIncomeInterest
2527000
CY2019 us-gaap Interest Expense
InterestExpense
25942000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
368493000
CY2019Q4 us-gaap Assets
Assets
2371213000
CY2019Q4 us-gaap Equity Method Investments
EquityMethodInvestments
4274000
CY2019 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
69615000
CY2019 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81487000
CY2021 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3234180000
CY2020 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2655400000
CY2019 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
3003272000
CY2021Q4 us-gaap Property Plant And Equipment Net
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511744000
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
522092000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
529344000
CY2021 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
9827000
CY2020 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
45468000
CY2019 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
15188000
CY2019Q4 us-gaap Restructuring Reserve
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8202000
CY2020 us-gaap Payments For Restructuring
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18213000
CY2020Q4 us-gaap Long Term Debt Current
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111000
CY2020 us-gaap Restructuring Charges
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23633000
CY2020Q4 us-gaap Restructuring Reserve
RestructuringReserve
13622000
CY2021Q4 us-gaap Debt Current
DebtCurrent
52730000
CY2020Q4 us-gaap Debt Current
DebtCurrent
2734000
CY2021 us-gaap Payments For Restructuring
PaymentsForRestructuring
21513000
CY2021 us-gaap Restructuring Charges
RestructuringCharges
10881000
CY2021Q4 us-gaap Restructuring Reserve
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2990000
CY2021Q4 us-gaap Long Term Debt
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717855000
CY2020Q4 us-gaap Long Term Debt
LongTermDebt
715567000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
766000
CY2020Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
111000
CY2021Q4 us-gaap Long Term Debt Noncurrent
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717089000
CY2020Q4 us-gaap Long Term Debt Noncurrent
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715456000
CY2021Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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0.018
CY2020Q4 us-gaap Short Term Debt Weighted Average Interest Rate
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0.179
CY2021Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
51964000
CY2020Q4 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
2623000
CY2021Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
766000
CY2021Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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769819000
CY2020Q4 us-gaap Debt Longterm And Shortterm Combined Amount
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718190000
CY2021Q4 us-gaap Long Term Debt Fair Value
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776655000
CY2020Q4 us-gaap Long Term Debt Fair Value
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793591000
CY2021Q4 us-gaap Line Of Credit
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717855000
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
715567000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
52730000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
11269000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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228000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
100228000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
228000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
600911000
CY2021 us-gaap Interest Paid
InterestPaid
23752000
CY2020 us-gaap Interest Paid
InterestPaid
26332000
CY2019 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.205
CY2019 us-gaap Interest Paid
InterestPaid
24950000
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
1949554
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
2983000
CY2020 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3564000
CY2019 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
3012000
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
23787000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15388000
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16624000
CY2021 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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5988000
CY2020 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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3874000
CY2019 us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
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4151000
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
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19723000
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
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P1Y9M18D
CY2021Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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55000000
CY2020Q1 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
10000000
CY2021 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
1200000
CY2021 us-gaap Treasury Stock Acquired Average Cost Per Share
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132.32
CY2021Q4 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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10200000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Gains Losses After Tax
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-13230000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Prior Service Cost Credit After Tax
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-16000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Other Comprehensive Income Net Transition Assets Obligations After Tax
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-17000
CY2021 us-gaap Defined Benefit Plan Recognized Net Gain Loss Due To Settlements And Curtailments1
DefinedBenefitPlanRecognizedNetGainLossDueToSettlementsAndCurtailments1
126056000
CY2021Q4 leco Surplus Retirement Benefit Funds To Be Used For Other Qualified Plans
SurplusRetirementBenefitFundsToBeUsedForOtherQualifiedPlans
68458000
CY2021Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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171755000
CY2020Q4 us-gaap Defined Benefit Plan Accumulated Benefit Obligation
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742284000
CY2021 leco Guaranteed Continuous Employment Plan Termination Notice Period Minimum
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CY2021Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
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183015000
CY2020Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
735082000
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
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0.06
CY2021 leco Defined Contribution Plan Employer Match Level One
DefinedContributionPlanEmployerMatchLevelOne
1
CY2021 leco Defined Contribution Plan Employer Match Employee Contribution Level One
DefinedContributionPlanEmployerMatchEmployeeContributionLevelOne
0.03
CY2021 leco Defined Contribution Plan Employers Additional Annual Match
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0.03
CY2021 us-gaap Defined Contribution Plan Employer Matching Contribution Percent
DefinedContributionPlanEmployerMatchingContributionPercent
0.06
CY2021 us-gaap Defined Contribution Plan Cost Recognized
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26282000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
22593000
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
24835000
CY2021 leco Guaranteed Continuous Employment Plan Minimum Percentage Of Every Standard Work Week For Which Company Will Provide Work To Employees
GuaranteedContinuousEmploymentPlanMinimumPercentageOfEveryStandardWorkWeekForWhichCompanyWillProvideWorkToEmployees
0.75
CY2021 leco Guaranteed Continuous Employment Plan Standard Hours In Work Week
GuaranteedContinuousEmploymentPlanStandardHoursInWorkWeek
40
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
499000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
408000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3163000
CY2021 us-gaap Defined Benefit Plan Other Costs
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123920000
CY2020 us-gaap Defined Benefit Plan Other Costs
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1575000
CY2019 us-gaap Defined Benefit Plan Other Costs
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-2787000
CY2021 us-gaap Other Nonoperating Income Expense
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8964000
CY2020 us-gaap Other Nonoperating Income Expense
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5109000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
15048000
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-114457000
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3942000
CY2019 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
20998000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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143290000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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179650000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
237296000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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181708000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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84390000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Foreign
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131197000
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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324998000
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
264040000
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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368493000
CY2021 us-gaap Current Federal Tax Expense Benefit
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23415000
CY2020 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
30091000
CY2019 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
25063000
CY2021 us-gaap Current Foreign Tax Expense Benefit
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44828000
CY2020 us-gaap Current Foreign Tax Expense Benefit
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18020000
CY2019 us-gaap Current Foreign Tax Expense Benefit
CurrentForeignTaxExpenseBenefit
26540000
CY2021 us-gaap Current State And Local Tax Expense Benefit
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10298000
CY2020 us-gaap Current State And Local Tax Expense Benefit
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8770000
CY2019 us-gaap Current State And Local Tax Expense Benefit
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9064000
CY2021 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
78541000
CY2020 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
56881000
CY2019 us-gaap Current Income Tax Expense Benefit
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CY2021 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2020 us-gaap Deferred Federal Income Tax Expense Benefit
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CY2019 us-gaap Deferred Federal Income Tax Expense Benefit
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6971000
CY2021 us-gaap Deferred Foreign Income Tax Expense Benefit
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-4488000
CY2020 us-gaap Deferred Foreign Income Tax Expense Benefit
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3196000
CY2019 us-gaap Deferred Foreign Income Tax Expense Benefit
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6513000
CY2021 us-gaap Deferred State And Local Income Tax Expense Benefit
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CY2020 us-gaap Deferred State And Local Income Tax Expense Benefit
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-283000
CY2019 us-gaap Deferred State And Local Income Tax Expense Benefit
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1259000
CY2021 us-gaap Deferred Income Tax Expense Benefit
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CY2020 us-gaap Deferred Income Tax Expense Benefit
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1015000
CY2019 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
14743000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
48418000
CY2020 us-gaap Income Tax Expense Benefit
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57896000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
75410000
CY2021 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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CY2020 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
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55448000
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77384000
CY2021 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2020 us-gaap Income Tax Reconciliation State And Local Income Taxes
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6148000
CY2019 us-gaap Income Tax Reconciliation State And Local Income Taxes
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8831000
CY2021 leco Income Tax Reconciliation Excess Tax Benefits Stock Options
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-4681000
CY2020 leco Income Tax Reconciliation Excess Tax Benefits Stock Options
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CY2019 leco Income Tax Reconciliation Excess Tax Benefits Stock Options
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CY2021 us-gaap Income Tax Reconciliation Tax Settlements
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CY2021 us-gaap Income Tax Reconciliation Deductions
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CY2020 us-gaap Income Tax Reconciliation Deductions
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CY2019 us-gaap Income Tax Reconciliation Deductions
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CY2021 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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2131000
CY2020 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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CY2019 us-gaap Income Tax Reconciliation Foreign Income Tax Rate Differential
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3198000
CY2021 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2020 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2019 us-gaap Income Tax Reconciliation Tax Credits Research
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CY2021 leco Effective Income Tax Rate Reconciliation Pension Plan Termination Adjustment
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CY2020 leco Effective Income Tax Rate Reconciliation Pension Plan Termination Adjustment
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0
CY2019 leco Effective Income Tax Rate Reconciliation Pension Plan Termination Adjustment
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0
CY2021 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2020 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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CY2019 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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75410000
CY2021 us-gaap Effective Income Tax Rate Continuing Operations
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CY2021 us-gaap Income Taxes Paid Net
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87288000
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59360000
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42880000
CY2021Q4 leco Deferred Tax Assets Tax Loss And Credit Carryforwards
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