SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

12 Months Ended

Dec. 31, 2021

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II - VALUATION AND QUALIFYING ACCOUNTS

SCHEDULE II – VALUATION AND QUALIFYING ACCOUNTS

LINCOLN ELECTRIC HOLDINGS, INC.

(In thousands)

			Additions
	Balance at		Charged to		Charged
	Beginning		Costs and		(Credited) to				Balance at End
Description	Of period		Expenses		Other Accounts (1)		Deductions (2)		of Period
Allowance for doubtful accounts:
Year Ended December 31, 2021	$	14,779	$	718	$	(2,491)	$	1,901	$	11,105
Year Ended December 31, 2020		16,002		1,391		(1,239)		1,375		14,779
Year Ended December 31, 2019		12,827		1,227		3,792		1,844		16,002
Deferred tax asset valuation allowance:
Year Ended December 31, 2021	$	65,413	$	1,147	$	(3,873)	$	7,068	$	55,619
Year Ended December 31, 2020		71,546		9,606		(6,741)		8,998		65,413
Year Ended December 31, 2019		69,400		3,691		(481)		1,064		71,546

(1) Currency translation adjustment, reductions from restructuring and other adjustments.

(2) For the Allowance for doubtful accounts, deductions relate to uncollectible accounts written-off, net of recoveries. For the Deferred tax asset valuation allowance, deductions relate to the reversal of valuation allowances due to the realization of net operating loss carryforwards.