GOODWILL AND INTANGIBLES (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL AND INTANGIBLES

Changes in the carrying amount of goodwill by reportable segment

The changes in the carrying amount of goodwill by reportable segments for the years ended December 31, 2021 and 2020 were as follows:

					The Harris
	Americas		International		Products
	Welding		Welding		Group		Consolidated
Balance as of December 31, 2019	$	278,496	$	41,474	$	17,137	$	337,107
Additions and adjustments		—		697		(101)		596
Foreign currency translation		1,314		(3,111)		(313)		(2,110)
Balance as of December 31, 2020		279,810		39,060		16,723		335,593
Additions and adjustments (1)		—		77,317		26,519		103,836
Foreign currency translation		173		(9,284)		(156)		(9,267)
Balance as of December 31, 2021	$	279,983	$	107,093	$	43,086	$	430,162

(1) Additions to International Welding reflect goodwill recognized in the acquisition of Zeman in 2021. Additions to The Harris Products Group reflect goodwill recognized in the acquisition of FTP in 2021.

Schedule of gross and net indefinite-lived intangible assets other than goodwill by asset class

	December 31, 2021				December 31, 2020
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization
Intangible assets not subject to amortization
Trademarks and trade names	$	15,828			$	15,495
Intangible assets subject to amortization
Trademarks and trade names	$	72,755	$	44,623	$	71,594	$	39,906
Customer relationships		154,634		92,404		137,564		84,720
Patents		24,734		15,058		25,907		15,006
Other		83,223		49,696		69,188		45,665
Total intangible assets subject to amortization	$	335,346	$	201,781	$	304,253	$	185,297

Schedule of gross and net finite-lived intangible assets other than goodwill by asset class

	December 31, 2021				December 31, 2020
	Gross		Accumulated		Gross		Accumulated
	Amount		Amortization		Amount		Amortization
Intangible assets not subject to amortization
Trademarks and trade names	$	15,828			$	15,495
Intangible assets subject to amortization
Trademarks and trade names	$	72,755	$	44,623	$	71,594	$	39,906
Customer relationships		154,634		92,404		137,564		84,720
Patents		24,734		15,058		25,907		15,006
Other		83,223		49,696		69,188		45,665
Total intangible assets subject to amortization	$	335,346	$	201,781	$	304,253	$	185,297

Schedule of Acquired Finite-Lived Intangible Assets by Major Class

	Year Ended December 31, 2021
	Purchase Price		Weighted
	Allocation		Average Life
Acquired intangible assets subject to amortization
Trademarks and trade names	$	5,207	10
Customer relationships		24,652	10
Other		16,361	9
Total acquired intangible assets subject to amortization	$	46,220