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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2019
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
 
Americas Welding
 
International Welding
 
The Harris
Products Group
 
Corporate /
Eliminations
 
Consolidated
Three Months Ended June 30, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
476,607

 
$
212,306

 
$
88,095

 
$
—

 
$
777,008

Inter-segment sales
34,811

 
4,188

 
2,113

 
(41,112
)
 
—

Total
$
511,418

 
$
216,494

 
$
90,208

 
$
(41,112
)
 
$
777,008

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
84,851

 
$
15,178

 
$
13,488

 
$
(3,969
)
 
$
109,548

Special items charge (gain) (1)
1,779

 
(2,627
)
 
—

 
1,014

 
166

EBIT
$
83,072

 
$
17,805

 
$
13,488

 
$
(4,983
)
 
$
109,382

Interest income
 

 
 

 
 

 
 

 
592

Interest expense
 

 
 

 
 

 
 

 
(6,490
)
Income before income taxes
 

 
 

 
 

 
 

 
$
103,484

Three Months Ended June 30, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
462,515

 
$
243,373

 
$
84,164

 
$
—

 
$
790,052

Inter-segment sales
31,240

 
5,497

 
2,003

 
(38,740
)
 
—

Total
$
493,755

 
$
248,870

 
$
86,167

 
$
(38,740
)
 
$
790,052

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
88,158

 
$
16,276

 
$
10,157

 
$
(3,186
)
 
$
111,405

Special items charge (gain) (2)
—

 
11,542

 
—

 
788

 
12,330

EBIT
$
88,158

 
$
4,734

 
$
10,157

 
$
(3,974
)
 
$
99,075

Interest income
 

 
 

 
 

 
 

 
1,808

Interest expense
 

 
 

 
 

 
 

 
(6,620
)
Income before income taxes
 

 
 

 
 

 
 

 
$
94,263

Six Months Ended June 30, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
934,326

 
$
430,392

 
$
171,464

 
$
—

 
$
1,536,182

Inter-segment sales
64,199

 
8,397

 
3,980

 
(76,576
)
 
—

Total
$
998,525

 
$
438,789

 
$
175,444

 
$
(76,576
)
 
$
1,536,182

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
166,603

 
$
28,515

 
$
24,007

 
$
(7,011
)
 
$
212,114

Special items charge (gain) (1)
3,115

 
(428
)
 
—

 
1,804

 
4,491

EBIT
$
163,488

 
$
28,943

 
$
24,007

 
$
(8,815
)
 
$
207,623

Interest income
 

 
 

 
 

 
 

 
1,556

Interest expense
 

 
 

 
 

 
 
 
(12,777
)
Income before income taxes
 

 
 

 
 

 
 

 
$
196,402

Six Months Ended June 30, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
897,287

 
$
490,693

 
$
159,768

 
$
—

 
$
1,547,748

Inter-segment sales
57,826

 
10,006

 
3,910

 
(71,742
)
 
—

Total
$
955,113

 
$
500,699

 
$
163,678

 
$
(71,742
)
 
$
1,547,748

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
165,597

 
$
31,249

 
$
19,382

 
$
(3,344
)
 
$
212,884

Special items charge (gain) (2)
758

 
21,717

 
—

 
2,695

 
25,170

EBIT
$
164,839

 
$
9,532

 
$
19,382

 
$
(6,039
)
 
$
187,714

Interest income
 

 
 

 
 

 
 

 
3,280

Interest expense
 

 
 

 
 

 
 

 
(12,533
)
Income before income taxes
 

 
 

 
 

 
 

 
$
178,461


(1)
In the three months ended June 30, 2019, special items reflect Rationalization and asset impairment charges of $380 in Americas Welding and $927 in International Welding, amortization of step up in value of acquired inventories of $1,399
in Americas Welding, gains on disposal of assets of $3,554 in International Welding and transaction and integration costs of $1,014 in Corporate / Eliminations related to the Air Liquide Welding acquisition. In the six months ended June 30, 2019, special items reflect Rationalization and asset impairment charges of $1,716 in Americas Welding and $3,126 in International Welding, amortization of step up in value of acquired inventories of $1,399 in Americas Welding, gains on disposals of assets of $3,554 in International Welding and transaction and integration costs of $1,804 in Corporate / Eliminations related to the Air Liquide Welding acquisition.
(2)
In the three months ended June 30, 2018, special items reflect rationalization and asset impairment charges of $11,542 in International Welding and transaction and integration costs of $788 in Corporate / Eliminations related to the Air Liquide Welding acquisition. In the six months ended June 30, 2018, special items reflect pension settlement charges of $758 in Americas Welding, Rationalization and asset impairment charges of $21,717 in International Welding and transaction and integration costs of $2,695 in Corporate / Eliminations related to the Air Liquide Welding acquisition.