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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2014
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 September 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
439,621

 
$
107,507

 
$
57,404

 
$
32,862

 
$
78,383

 
$
—

 
$
715,777

Inter-segment sales
30,365

 
4,533

 
3,595

 
9

 
2,009

 
(40,511
)
 
—

Total
$
469,986

 
$
112,040

 
$
60,999

 
$
32,871

 
$
80,392

 
$
(40,511
)
 
$
715,777

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
84,450

 
$
15,221

 
$
(304
)
 
$
(590
)
 
$
8,947

 
$
(324
)
 
$
107,400

Special items (gain) charge
—

 
(81
)
 
28,567

 
582

 
—

 
—

 
29,068

EBIT
$
84,450

 
$
15,302

 
$
(28,871
)
 
$
(1,172
)
 
$
8,947

 
$
(324
)
 
$
78,332

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
627

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(1,174
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
77,785

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
404,113

 
$
98,522

 
$
63,834

 
$
51,715

 
$
73,691

 
$
—

 
$
691,875

Inter-segment sales
35,355

 
5,256

 
3,821

 
151

 
2,311

 
(46,894
)
 
—

Total
$
439,468

 
$
103,778

 
$
67,655

 
$
51,866

 
$
76,002

 
$
(46,894
)
 
$
691,875

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
75,225

 
$
7,881

 
$
(979
)
 
$
15,942

 
$
6,917

 
$
(822
)
 
$
104,164

Special items (gain) charge
(17
)
 
1,595

 
4,724

 
—

 
—

 
—

 
6,302

EBIT
$
75,242

 
$
6,286

 
$
(5,703
)
 
$
15,942

 
$
6,917

 
$
(822
)
 
$
97,862

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
536

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(558
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
97,840

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
1,271,017

 
$
328,487

 
$
185,687

 
$
115,906

 
$
228,273

 
$
—

 
$
2,129,370

Inter-segment sales
96,668

 
15,887

 
11,644

 
73

 
6,389

 
(130,661
)
 
—

Total
$
1,367,685

 
$
344,374

 
$
197,331

 
$
115,979

 
$
234,662

 
$
(130,661
)
 
$
2,129,370

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
247,009

 
$
39,412

 
$
(579
)
 
$
16,170

 
$
22,183

 
$
3,167

 
$
327,362

Special items (gain) charge
(68
)
 
923

 
28,450

 
21,715

 
—

 
—

 
51,020

EBIT
$
247,077

 
$
38,489

 
$
(29,029
)
 
$
(5,545
)
 
$
22,183

 
$
3,167

 
$
276,342

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
2,465

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(3,730
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
275,077

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,205,179

 
$
389,122

 
$
285,626

 
$
139,908

 
$
161,069

 
$
(68,385
)
 
$
2,112,519

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
1,242,736

 
$
317,674

 
$
203,112

 
$
132,592

 
$
241,766

 
$
—

 
$
2,137,880

Inter-segment sales
99,869

 
13,865

 
12,579

 
222

 
7,209

 
(133,744
)
 
—

Total
$
1,342,605

 
$
331,539

 
$
215,691

 
$
132,814

 
$
248,975

 
$
(133,744
)
 
$
2,137,880

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
234,662

 
$
28,114

 
$
1,967

 
$
32,119

 
$
21,411

 
$
(2,963
)
 
$
315,310

Special items (gain) charge
1,109

 
1,664

 
5,431

 
12,198

 
—

 
—

 
20,402

EBIT
$
233,553

 
$
26,450

 
$
(3,464
)
 
$
19,921

 
$
21,411

 
$
(2,963
)
 
$
294,908

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
2,452

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(2,307
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
295,053

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
979,043

 
$
415,387

 
$
329,117

 
$
145,672

 
$
186,474

 
$
63,948

 
$
2,119,641