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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
Financial information for the reportable segments follows:
 
North
America
Welding
 
Europe
Welding
 
Asia
Pacific
Welding
 
South
America
Welding
 
The Harris
Products
Group
 
Corporate /
Eliminations
 
Consolidated
Three months ended March 31, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
419,554

 
$
110,491

 
$
70,039

 
$
36,374

 
$
82,115

 
$

 
$
718,573

Inter-segment sales
28,985

 
4,279

 
4,384

 
20

 
2,224

 
(39,892
)
 

Total
$
448,539

 
$
114,770

 
$
74,423

 
$
36,394

 
$
84,339

 
$
(39,892
)
 
$
718,573

EBIT, as adjusted
$
76,660

 
$
10,701

 
$
2,293

 
$
5,112

 
$
7,151

 
$
(603
)
 
$
101,314

Special items charge (gain)
860

 
(6
)
 
197

 
9,660

 

 

 
10,711

EBIT
$
75,800

 
$
10,707

 
$
2,096

 
$
(4,548
)
 
$
7,151

 
$
(603
)
 
$
90,603

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,026

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(950
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
90,679

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,014,910

 
$
434,484

 
$
364,673

 
$
121,024

 
$
196,434

 
$
(27,998
)
 
$
2,103,527

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2012
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
381,329

 
$
125,803

 
$
92,563

 
$
39,838

 
$
87,589

 
$

 
$
727,122

Inter-segment sales
33,542

 
4,451

 
3,817

 

 
2,383

 
(44,193
)
 

Total
$
414,871

 
$
130,254

 
$
96,380

 
$
39,838

 
$
89,972

 
$
(44,193
)
 
$
727,122

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
69,519

 
$
12,811

 
$
2,573

 
$
2,905

 
$
7,153

 
$
(1,753
)
 
$
93,208

Special items charge (gain)

 

 

 

 

 

 

EBIT
$
69,519

 
$
12,811

 
$
2,573

 
$
2,905

 
$
7,153

 
$
(1,753
)
 
$
93,208

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
883

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(1,172
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
92,919

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
840,427

 
$
477,295

 
$
388,511

 
$
117,621

 
$
208,296

 
$
(9,839
)
 
$
2,022,311