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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2014
Dec. 31, 2013
Current Assets    
Cash and cash equivalents $ 278,379us-gaap_CashAndCashEquivalentsAtCarryingValue $ 299,825us-gaap_CashAndCashEquivalentsAtCarryingValue
Accounts receivable (less allowance for doubtful accounts of $7,734 in 2014; $8,398 in 2013) 321,862us-gaap_AccountsReceivableNetCurrent 367,134us-gaap_AccountsReceivableNetCurrent
Inventories    
Raw materials 109,210us-gaap_InventoryRawMaterialsNetOfReserves 112,478us-gaap_InventoryRawMaterialsNetOfReserves
Work-in-process 40,927us-gaap_InventoryWorkInProcessNetOfReserves 38,963us-gaap_InventoryWorkInProcessNetOfReserves
Finished goods 180,703us-gaap_InventoryFinishedGoodsNetOfReserves 198,522us-gaap_InventoryFinishedGoodsNetOfReserves
Total inventory 330,840us-gaap_InventoryNet 349,963us-gaap_InventoryNet
Deferred income taxes 9,164us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent 10,922us-gaap_DeferredTaxAssetsLiabilitiesNetCurrent
Other current assets 158,432us-gaap_OtherAssetsCurrent 102,931us-gaap_OtherAssetsCurrent
Total Current Assets 1,098,677us-gaap_AssetsCurrent 1,130,775us-gaap_AssetsCurrent
Property, Plant and Equipment    
Land 46,553us-gaap_Land 48,369us-gaap_Land
Buildings 361,846us-gaap_BuildingsAndImprovementsGross 373,373us-gaap_BuildingsAndImprovementsGross
Machinery and equipment 694,203us-gaap_MachineryAndEquipmentGross 723,715us-gaap_MachineryAndEquipmentGross
Property, Plant and Equipment, Gross 1,102,602us-gaap_PropertyPlantAndEquipmentGross 1,145,457us-gaap_PropertyPlantAndEquipmentGross
Less accumulated depreciation 665,393us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment 661,452us-gaap_AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
Property, Plant and Equipment, Net 437,209us-gaap_PropertyPlantAndEquipmentNet 484,005us-gaap_PropertyPlantAndEquipmentNet
Other Assets    
Prepaid Pension Costs 1,240us-gaap_PrepaidPensionCosts 36,116us-gaap_PrepaidPensionCosts
Equity investments in affiliates 27,481us-gaap_EquityMethodInvestments 26,618us-gaap_EquityMethodInvestments
Intangibles, net 132,361us-gaap_IntangibleAssetsNetExcludingGoodwill 147,012us-gaap_IntangibleAssetsNetExcludingGoodwill
Goodwill 179,517us-gaap_Goodwill 174,715us-gaap_Goodwill
Long-term investments 31,119us-gaap_OtherLongTermInvestments 32,763us-gaap_OtherLongTermInvestments
Deferred income taxes 2,940us-gaap_DeferredTaxAssetsNetNoncurrent 3,556us-gaap_DeferredTaxAssetsNetNoncurrent
Other non-current assets 28,671us-gaap_OtherAssetsNoncurrent 116,307us-gaap_OtherAssetsNoncurrent
Total Other Assets 403,329leco_OtherAssetsNoncurrentExcludingPropertyPlantAndEquipment 537,087leco_OtherAssetsNoncurrentExcludingPropertyPlantAndEquipment
TOTAL ASSETS 1,939,215us-gaap_Assets 2,151,867us-gaap_Assets
Current Liabilities    
Amounts due banks 61,155us-gaap_ShortTermBankLoansAndNotesPayable 14,581us-gaap_ShortTermBankLoansAndNotesPayable
Trade accounts payable 202,482us-gaap_AccountsPayableCurrent 212,799us-gaap_AccountsPayableCurrent
Accrued employee compensation and benefits 64,718us-gaap_EmployeeRelatedLiabilitiesCurrent 68,263us-gaap_EmployeeRelatedLiabilitiesCurrent
Accrued expenses 29,634us-gaap_AccruedLiabilitiesCurrent 29,613us-gaap_AccruedLiabilitiesCurrent
Accrued taxes, including income taxes 18,626us-gaap_TaxesPayableCurrent 46,109us-gaap_TaxesPayableCurrent
Accrued pensions 2,971us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent 10,564us-gaap_PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesCurrent
Dividends payable 22,329us-gaap_DividendsPayableCurrent 18,619us-gaap_DividendsPayableCurrent
Accrued Bonuses, Current 29,955us-gaap_AccruedBonusesCurrent 30,206us-gaap_AccruedBonusesCurrent
Customer Advances 26,468us-gaap_CustomerAdvancesCurrent 24,319us-gaap_CustomerAdvancesCurrent
Other current liabilities 27,070us-gaap_OtherLiabilitiesCurrent 1,129us-gaap_OtherLiabilitiesCurrent
Current portion of long-term debt 7,011us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent 715us-gaap_LongTermDebtAndCapitalLeaseObligationsCurrent
Total Current Liabilities 492,419us-gaap_LiabilitiesCurrent 456,917us-gaap_LiabilitiesCurrent
Long-Term Liabilities    
Long-term debt, less current portion 2,488us-gaap_LongTermDebtAndCapitalLeaseObligations 3,791us-gaap_LongTermDebtAndCapitalLeaseObligations
Accrued pensions 32,803us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent 26,999us-gaap_PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
Deferred income taxes 40,761us-gaap_DeferredTaxLiabilitiesNoncurrent 48,103us-gaap_DeferredTaxLiabilitiesNoncurrent
Accrued taxes 25,571us-gaap_AccruedIncomeTaxesNoncurrent 36,149us-gaap_AccruedIncomeTaxesNoncurrent
Other long-term liabilities 59,392us-gaap_OtherLiabilitiesNoncurrent 49,220us-gaap_OtherLiabilitiesNoncurrent
Total Long-Term Liabilities 161,015us-gaap_LiabilitiesNoncurrent 164,262us-gaap_LiabilitiesNoncurrent
Shareholders' Equity    
Preferred shares, without par value – at stated capital amount; authorized – 5,000,000 shares; issued and outstanding – none 0us-gaap_PreferredStockValue 0us-gaap_PreferredStockValue
Common shares, without par value – at stated capital amount; authorized – 240,000,000 shares; issued – 98,581,434 shares in 2014 and 2013; outstanding – 76,997,161 shares in 2014 and 81,010,084 shares in 2013 9,858us-gaap_CommonStockValue 9,858us-gaap_CommonStockValue
Additional paid-in capital 258,816us-gaap_AdditionalPaidInCapitalCommonStock 240,519us-gaap_AdditionalPaidInCapitalCommonStock
Retained earnings 2,086,174us-gaap_RetainedEarningsAccumulatedDeficit 1,908,462us-gaap_RetainedEarningsAccumulatedDeficit
Accumulated other comprehensive loss (288,622)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax (151,941)us-gaap_AccumulatedOtherComprehensiveIncomeLossNetOfTax
Treasury shares, at cost – 21,584,273 shares in 2014 and 17,571,350 shares in 2013 (783,677)us-gaap_TreasuryStockValue (480,296)us-gaap_TreasuryStockValue
Total Shareholders' Equity 1,282,549us-gaap_StockholdersEquity 1,526,602us-gaap_StockholdersEquity
Noncontrolling interests 3,232us-gaap_MinorityInterest 4,086us-gaap_MinorityInterest
Total Equity 1,285,781us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest 1,530,688us-gaap_StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
TOTAL LIABILITIES AND EQUITY $ 1,939,215us-gaap_LiabilitiesAndStockholdersEquity $ 2,151,867us-gaap_LiabilitiesAndStockholdersEquity