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SEGMENT INFORMATION (Tables)
6 Months Ended
Jun. 30, 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 June 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
419,069

 
$
108,661

 
$
69,239

 
$
44,503

 
$
85,960

 
$

 
$
727,432

Inter-segment sales
35,529

 
4,330

 
4,374

 
51

 
2,674

 
(46,958
)
 

Total
$
454,598

 
$
112,991

 
$
73,613

 
$
44,554

 
$
88,634

 
$
(46,958
)
 
$
727,432

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
82,777

 
$
9,532

 
$
653

 
$
11,065

 
$
7,343

 
$
(1,538
)
 
$
109,832

Special items charge
266

 
75

 
510

 
2,538

 

 

 
3,389

EBIT
$
82,511

 
$
9,457

 
$
143

 
$
8,527

 
$
7,343

 
$
(1,538
)
 
$
106,443

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
890

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(799
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
106,534

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2012
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
416,223

 
$
114,437

 
$
85,433

 
$
37,169

 
$
90,783

 
$

 
$
744,045

Inter-segment sales
39,658

 
4,466

 
5,076

 
11

 
2,353

 
(51,564
)
 

Total
$
455,881

 
$
118,903

 
$
90,509

 
$
37,180

 
$
93,136

 
$
(51,564
)
 
$
744,045

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
76,556

 
$
10,991

 
$
4,014

 
$
2,980

 
$
9,041

 
$
(2,509
)
 
$
101,073

Special items charge
77

 
592

 
589

 
1,381

 

 

 
2,639

EBIT
$
76,479

 
$
10,399

 
$
3,425

 
$
1,599

 
$
9,041

 
$
(2,509
)
 
$
98,434

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
849

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(1,126
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
98,157

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
838,623

 
$
219,152

 
$
139,278

 
$
80,877

 
$
168,075

 
$

 
$
1,446,005

Inter-segment sales
64,514

 
8,609

 
8,758

 
71

 
4,898

 
(86,850
)
 

Total
$
903,137

 
$
227,761

 
$
148,036

 
$
80,948

 
$
172,973

 
$
(86,850
)
 
$
1,446,005

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
159,437

 
$
20,233

 
$
2,946

 
$
16,177

 
$
14,494

 
$
(2,141
)
 
$
211,146

Special items charge
1,126

 
69

 
707

 
12,198

 

 

 
14,100

EBIT
$
158,311

 
$
20,164

 
$
2,239

 
$
3,979

 
$
14,494

 
$
(2,141
)
 
$
197,046

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,916

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(1,749
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
197,213

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,000,724

 
$
446,142

 
$
339,657

 
$
124,841

 
$
187,475

 
$
(38,722
)
 
$
2,060,117

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2012
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
797,552

 
$
240,240

 
$
177,996

 
$
77,007

 
$
178,372

 
$

 
$
1,471,167

Inter-segment sales
73,200

 
8,917

 
8,893

 
11

 
4,736

 
(95,757
)
 

Total
$
870,752

 
$
249,157

 
$
186,889

 
$
77,018

 
$
183,108

 
$
(95,757
)
 
$
1,471,167

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
146,075

 
$
23,802

 
$
6,587

 
$
5,885

 
$
16,194

 
$
(4,262
)
 
$
194,281

Special items charge
77

 
592

 
589

 
1,381

 

 

 
2,639

EBIT
$
145,998

 
$
23,210

 
$
5,998

 
$
4,504

 
$
16,194

 
$
(4,262
)
 
$
191,642

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,732

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(2,298
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
191,076

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
897,248

 
$
453,089

 
$
365,494

 
$
124,093

 
$
200,676

 
$
(18,612
)
 
$
2,021,988