2012 Q3 Form 10-Q Financial Statement

#000110465912073471 Filed on November 02, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2011 Q3
Revenue $697.6M $701.6M
YoY Change -0.58% 35.11%
Cost Of Revenue $484.2M $516.2M
YoY Change -6.2% 37.54%
Gross Profit $213.4M $185.5M
YoY Change 15.05% 28.7%
Gross Profit Margin 30.59% 26.43%
Selling, General & Admin $121.6M $110.6M
YoY Change 9.92% 15.72%
% of Gross Profit 56.99% 59.65%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.40M $15.80M
YoY Change 3.8% 12.86%
% of Gross Profit 7.69% 8.52%
Operating Expenses $121.6M $110.6M
YoY Change 9.92% 15.84%
Operating Profit $88.70M $74.82M
YoY Change 18.55% 53.96%
Interest Expense $1.040M $1.752M
YoY Change -40.64%
% of Operating Profit 1.17% 2.34%
Other Income/Expense, Net $2.188M $1.050M
YoY Change 108.38% 75.0%
Pretax Income $90.89M $75.87M
YoY Change 19.79% 55.48%
Income Tax $26.15M $20.50M
% Of Pretax Income 28.77% 27.02%
Net Earnings $64.74M $55.36M
YoY Change 16.94% 70.33%
Net Earnings / Revenue 9.28% 7.89%
Basic Earnings Per Share $0.78 $0.66
Diluted Earnings Per Share $0.77 $0.66
COMMON SHARES
Basic Shares Outstanding 82.92M shares 83.61M shares
Diluted Shares Outstanding 83.92M shares 84.55M shares

Balance Sheet

Concept 2012 Q3 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $340.7M $321.5M
YoY Change 5.97% -15.95%
Cash & Equivalents $340.7M $321.5M
Short-Term Investments
Other Short-Term Assets $116.6M $109.3M
YoY Change 6.72% 6.53%
Inventory $390.9M $421.3M
Prepaid Expenses
Receivables $391.4M $392.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.240B $1.245B
YoY Change -0.4% 11.12%
LONG-TERM ASSETS
Property, Plant & Equipment $479.0M $476.3M
YoY Change 0.57% 3.59%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $372.9M $242.0M
YoY Change 54.08% 10.6%
Total Long-Term Assets $851.9M $718.3M
YoY Change 18.6% 5.85%
TOTAL ASSETS
Total Short-Term Assets $1.240B $1.245B
Total Long-Term Assets $851.9M $718.3M
Total Assets $2.092B $1.963B
YoY Change 6.55% 9.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $186.5M $203.3M
YoY Change -8.24% 32.44%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $19.00M $11.10M
YoY Change 71.17% -18.98%
Long-Term Debt Due $500.0K $81.90M
YoY Change -99.39% 6725.0%
Total Short-Term Liabilities $492.7M $549.1M
YoY Change -10.27% 47.49%
LONG-TERM LIABILITIES
Long-Term Debt $1.700M $1.600M
YoY Change 6.25% -98.13%
Other Long-Term Liabilities $82.71M $167.1M
YoY Change -50.5% -14.0%
Total Long-Term Liabilities $262.6M $168.7M
YoY Change 55.68% -39.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $492.7M $549.1M
Total Long-Term Liabilities $262.6M $168.7M
Total Liabilities $755.3M $733.9M
YoY Change 2.92% 9.91%
SHAREHOLDERS EQUITY
Retained Earnings $1.637B
YoY Change
Common Stock $207.6M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $302.3M
YoY Change
Treasury Stock Shares
Shareholders Equity $1.320B $1.229B
YoY Change
Total Liabilities & Shareholders Equity $2.092B $1.963B
YoY Change 6.55% 9.13%

Cashflow Statement

Concept 2012 Q3 2011 Q3
OPERATING ACTIVITIES
Net Income $64.74M $55.36M
YoY Change 16.94% 70.33%
Depreciation, Depletion And Amortization $16.40M $15.80M
YoY Change 3.8% 12.86%
Cash From Operating Activities $82.40M $84.80M
YoY Change -2.83% 51.43%
INVESTING ACTIVITIES
Capital Expenditures -$13.10M -$21.40M
YoY Change -38.79% 8.63%
Acquisitions
YoY Change
Other Investing Activities -$3.400M -$44.30M
YoY Change -92.33% -5637.5%
Cash From Investing Activities -$16.40M -$65.70M
YoY Change -75.04% 247.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -36.20M -27.40M
YoY Change 32.12% -20.12%
NET CHANGE
Cash From Operating Activities 82.40M 84.80M
Cash From Investing Activities -16.40M -65.70M
Cash From Financing Activities -36.20M -27.40M
Net Change In Cash 29.80M -8.300M
YoY Change -459.04% -396.43%
FREE CASH FLOW
Cash From Operating Activities $82.40M $84.80M
Capital Expenditures -$13.10M -$21.40M
Free Cash Flow $95.50M $106.2M
YoY Change -10.08% 40.29%

Facts In Submission

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dei Entity Registrant Name
EntityRegistrantName
LINCOLN ELECTRIC HOLDINGS INC
dei Entity Central Index Key
EntityCentralIndexKey
0000059527
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Fiscal Period Focus
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Q3
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us-gaap Earnings Per Share Basic
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us-gaap Common Stock Dividends Per Share Declared
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0.465
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21717000 USD
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us-gaap Other Comprehensive Income Loss Net Of Tax
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25403000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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86453000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
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220653000 USD
us-gaap Comprehensive Income Net Of Tax
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221042000 USD
CY2011Q3 us-gaap Earnings Per Share Diluted
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0.66
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0.155
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us-gaap Profit Loss
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159322000 USD
us-gaap Sales Revenue Goods Net
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2000096000 USD
us-gaap Cost Of Goods Sold
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1457702000 USD
us-gaap Gross Profit
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us-gaap Selling General And Administrative Expense
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327794000 USD
us-gaap Restructuring Settlement And Impairment Provisions
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282000 USD
us-gaap Operating Income Loss
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us-gaap Investment Income Interest
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2436000 USD
us-gaap Income Loss From Equity Method Investments
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4033000 USD
us-gaap Other Nonoperating Income Expense
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us-gaap Interest Expense
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5037000 USD
us-gaap Nonoperating Income Expense
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us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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217904000 USD
us-gaap Income Tax Expense Benefit Continuing Operations
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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1516000 USD
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-3388000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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CY2012Q3 us-gaap Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
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3779773 shares
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-152000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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16928000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Before Tax
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24325000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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-147000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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-2755000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Tax
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2608000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-5000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-4794000 USD
CY2012Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
16928000 USD
CY2011Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1963000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
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-59045000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Before Tax
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-51448000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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447000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-2246000 USD
us-gaap Other Comprehensive Income Loss Tax
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8445000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
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-712000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
11958000 USD
us-gaap Other Comprehensive Income Loss Before Tax
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33848000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
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-148000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-8593000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-564000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-14009000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
11958000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax
1889000 USD
us-gaap Effective Income Tax Rate Continuing Operations
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0.269 pure
CY2012Q3 us-gaap Product Warranty Accrual
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15397000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax
-23978000 USD
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-5307000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
477000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-6678000 USD
us-gaap Other Comprehensive Income Loss Tax
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7155000 USD
CY2011Q3 us-gaap Other Comprehensive Income Loss Tax
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2693000 USD
us-gaap Restructuring Charges
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3960000 USD
CY2011Q4 us-gaap Restructuring Reserve
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255000 USD
us-gaap Restructuring Reserve Settled With Cash
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1399000 USD
CY2012Q3 us-gaap Restructuring Reserve
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2816000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1193242000 USD
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1149478000 USD
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1245070000 USD
us-gaap Dividends Common Stock Cash
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42551000 USD
us-gaap Dividends Common Stock Cash
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0.77
us-gaap Stock Issued During Period Value Share Based Compensation
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25002000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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us-gaap Treasury Stock Value Acquired Cost Method
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60155000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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27630000 USD
CY2012Q3 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
75867000 USD
CY2011Q4 us-gaap Excess Of Replacement Or Current Costs Over Stated Lifo Value
ExcessOfReplacementOrCurrentCostsOverStatedLIFOValue
78292000 USD
CY2012Q3 us-gaap Accrued Bonuses Current And Noncurrent
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105685000 USD
CY2011Q3 us-gaap Accrued Bonuses Current And Noncurrent
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CY2012Q3 us-gaap Loss Contingency Accrual At Carrying Value
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4793000 USD
CY2011Q4 us-gaap Loss Contingency Accrual At Carrying Value
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11312000 USD
CY2012Q3 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
3516000 USD
CY2011Q4 us-gaap Insurance Settlements Receivable
InsuranceSettlementsReceivable
4516000 USD
leco Product Warranty Services Maximum Period
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P3Y
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
15781000 USD
CY2010Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
16879000 USD
CY2011Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
16029000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
7032000 USD
us-gaap Multiemployer Plan Period Contributions
MultiemployerPlanPeriodContributions
690000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7847000 USD
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
8283000 USD
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
52000 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
7243000 USD
us-gaap Product Warranty Accrual Payments
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7909000 USD
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-184000 USD
CY2012Q1 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
80000000 USD
CY2012Q1 us-gaap Debt Instrument Decrease Repayments
DebtInstrumentDecreaseRepayments
80000000 USD
CY2012Q3 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
300000000 USD
us-gaap Line Of Credit Facility Covenant Compliance
LineOfCreditFacilityCovenantCompliance
As of September 30, 2012, the Company was in compliance with all of its covenants.
CY2012Q3 us-gaap Line Of Credit Facility Initiation Date1
LineOfCreditFacilityInitiationDate1
2012-07-26
leco Line Of Credit Facility Credit Agreement Term
LineOfCreditFacilityCreditAgreementTerm
P5Y
CY2012Q3 leco Line Of Credit Facility Additional Capacity Increase Option
LineOfCreditFacilityAdditionalCapacityIncreaseOption
100000000 USD
CY2009Q4 leco Deferred Gain Loss On Discontinuation Of Interest Rate Fair Value Hedges
DeferredGainLossOnDiscontinuationOfInterestRateFairValueHedges
-5079000 USD
leco Gain Loss From Amortization Deferred Gain Loss From Termination Of Interest Rate Hedge
GainLossFromAmortizationDeferredGainLossFromTerminationOfInterestRateHedge
328000 USD
leco Gain Loss From Amortization Deferred Gain Loss From Termination Of Interest Rate Hedge
GainLossFromAmortizationDeferredGainLossFromTerminationOfInterestRateHedge
1243000 USD
CY2012Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
5426000 USD
CY2012Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
10368000 USD
CY2012Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-7773000 USD
CY2012Q3 us-gaap Multiemployer Plan Period Contributions
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223000 USD
CY2012Q3 us-gaap Defined Contribution Plan Cost Recognized
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2435000 USD
CY2012Q3 us-gaap Pension Expense
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11514000 USD
us-gaap Pension Expense
PensionExpense
34283000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
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-23316000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
31097000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
16275000 USD
us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
13205000 USD
us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
33067000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
43061000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-47000 USD
us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-16392000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
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19556000 USD
us-gaap Multiemployer Plan Period Contributions
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717000 USD
us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
6327000 USD
us-gaap Pension Expense
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26600000 USD
CY2011Q3 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
4544000 USD
CY2011Q3 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
11127000 USD
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DefinedBenefitPlanExpectedReturnOnPlanAssets
14323000 USD
CY2011Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-16000 USD
CY2011Q3 us-gaap Defined Benefit Plan Amortization Of Gains Losses
DefinedBenefitPlanAmortizationOfGainsLosses
-5444000 USD
CY2011Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
6776000 USD
CY2011Q3 us-gaap Multiemployer Plan Period Contributions
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241000 USD
CY2011Q3 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
2137000 USD
CY2011Q3 us-gaap Pension Expense
PensionExpense
9154000 USD
us-gaap Defined Benefit Plan Contributions By Employer
DefinedBenefitPlanContributionsByEmployer
53277000 USD
CY2012Q3 leco Defined Benefit Plan Estimated Employer Contributions In Current Fiscal Year
DefinedBenefitPlanEstimatedEmployerContributionsInCurrentFiscalYear
60000000 USD
us-gaap Income Tax Expense Benefit Continuing Operations
IncomeTaxExpenseBenefitContinuingOperations
86715000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.308 pure
leco Tax Adjustments Settlements And Unusual Provisions Including Interest And Penalties
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-4844000 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
25720000 USD
CY2012Q3 us-gaap Other Assets Noncurrent
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372867000 USD
CY2012Q3 us-gaap Common Stock Value
CommonStockValue
9858000 USD
CY2012Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
197734000 USD
CY2012Q3 us-gaap Short Term Bank Loans And Notes Payable
ShortTermBankLoansAndNotesPayable
18988000 USD
CY2012Q3 us-gaap Long Term Debt And Capital Lease Obligations
LongTermDebtAndCapitalLeaseObligations
1680000 USD
CY2012Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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178238000 USD
CY2012Q3 us-gaap Retained Earnings Accumulated Deficit
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1637169000 USD
CY2012Q3 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
15544000 USD
CY2012Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
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-5603000 USD
leco Estimated Impact Of Tax Adjustments Settlements And Unusual Provisions
EstimatedImpactOfTaxAdjustmentsSettlementsAndUnusualProvisions
60085000 USD
CY2012Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
634180000 USD
leco Estimated Interest Expense Assessment On Income Tax Examination
EstimatedInterestExpenseAssessmentOnIncomeTaxExamination
16584000 USD
leco Maximum Period For Which Derivative Contracts Cover Currency And Commodity Exposures
MaximumPeriodForWhichDerivativeContractsCoverCurrencyAndCommodityExposures
P2Y
us-gaap Cash Flow Hedge Ineffectiveness Is Immaterial
CashFlowHedgeIneffectivenessIsImmaterial
Hedge ineffectiveness was immaterial in the nine months ended September 30, 2012 and 2011.
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
348000 USD
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimate Of Time To Transfer1
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P12M
CY2012Q3 us-gaap Long Term Debt Fair Value
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2079000 USD
CY2012Q3 leco Debt And Capital Lease Obligations Excluding Short Term Borrowings
DebtAndCapitalLeaseObligationsExcludingShortTermBorrowings
2186000 USD
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
84110000 USD
CY2011Q4 leco Debt And Capital Lease Obligations Excluding Short Term Borrowings
DebtAndCapitalLeaseObligationsExcludingShortTermBorrowings
83456000 USD
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2011Q4 us-gaap Minority Interest
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Payments To Acquire Marketable Securities
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1541000 USD
CY2011Q3 us-gaap Assets
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CY2012Q3 us-gaap Income Tax Expense Benefit Continuing Operations
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26153000 USD
CY2012Q3 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
14688000 USD
CY2012Q3 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-23000 USD
CY2012Q3 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
8856000 USD
us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
44059000 USD
us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-68000 USD
us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
26561000 USD
leco Amortization Of Pension Actuarial Losses And Prior Service Cost
AmortizationOfPensionActuarialLossesAndPriorServiceCost
16345000 USD
CY2012Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
484190000 USD
CY2012Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
121602000 USD
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1515095000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
372931000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
4317000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1566000 USD
CY2012Q3 us-gaap Other Nonoperating Income Expense
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746000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-29000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4264000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2015000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-77000 USD
CY2012Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
179000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-389000 USD
CY2012Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
391360000 USD
CY2012Q3 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
119007000 USD
CY2012Q3 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
44302000 USD
CY2012Q3 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
227639000 USD
CY2012Q3 us-gaap Other Assets Current
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116648000 USD
CY2012Q3 us-gaap Assets Current
AssetsCurrent
1239631000 USD
CY2012Q3 us-gaap Land
Land
43690000 USD
CY2012Q3 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
338521000 USD
CY2012Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
730993000 USD
CY2012Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
186545000 USD
CY2012Q3 us-gaap Other Liabilities Current
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286663000 USD
CY2012Q3 us-gaap Long Term Debt And Capital Lease Obligations Current
LongTermDebtAndCapitalLeaseObligationsCurrent
506000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
48220000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
1449000 USD
CY2012Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-222166000 USD
CY2012Q3 us-gaap Other Liabilities Noncurrent
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82711000 USD
CY2012Q3 us-gaap Treasury Stock Value
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302311000 USD
CY2012Q3 us-gaap Minority Interest
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15907000 USD
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
357000 USD
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-288000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6711000 USD
leco Amortization Of Terminated Interest Rate Swaps
AmortizationOfTerminatedInterestRateSwaps
-430000 USD
leco Amortization Of Pension Actuarial Losses And Prior Service Cost
AmortizationOfPensionActuarialLossesAndPriorServiceCost
23248000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
82000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-13750000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
6832000 USD
us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
12180000 USD
us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-1182000 USD
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
85593000 USD
us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-54472000 USD
us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
52873000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
39307000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
52851000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
538000 USD
us-gaap Proceeds From Short Term Debt Maturing In More Than Three Months
ProceedsFromShortTermDebtMaturingInMoreThanThreeMonths
2291000 USD
us-gaap Repayments Of Short Term Debt Maturing In More Than Three Months
RepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
3813000 USD
us-gaap Proceeds From Repayments Of Short Term Debt Maturing In Three Months Or Less
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
-1858000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
85535000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
12695000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5594000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
60155000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42510000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
1771000 USD

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