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SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 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 September 30, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
443,521

 
$
205,378

 
$
81,884

 
$
—

 
$
730,783

Inter-segment sales
31,101

 
4,441

 
1,857

 
(37,399
)
 
—

Total
$
474,622

 
$
209,819

 
$
83,741

 
$
(37,399
)
 
$
730,783

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
74,110

 
$
10,184

 
$
11,038

 
$
(1,632
)
 
$
93,700

Special items charge (gain) (1)
—

 
(4,497
)
 
—

 
—

 
(4,497
)
EBIT
$
74,110

 
$
14,681

 
$
11,038

 
$
(1,632
)
 
$
98,197

Interest income
 

 
 

 
 

 
 

 
491

Interest expense
 

 
 

 
 

 
 

 
(6,891
)
Income before income taxes
 

 
 

 
 

 
 

 
$
91,797

Three Months Ended September 30, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
454,010

 
$
209,622

 
$
73,467

 
$
—

 
$
737,099

Inter-segment sales
31,845

 
3,663

 
1,537

 
(37,045
)
 
—

Total
$
485,855

 
$
213,285

 
$
75,004

 
$
(37,045
)
 
$
737,099

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
89,253

 
$
10,721

 
$
8,676

 
$
(1,099
)
 
$
107,551

Special items charge (gain) (2)
4,232

 
2,636

 
—

 
970

 
7,838

EBIT
$
85,021

 
$
8,085

 
$
8,676

 
$
(2,069
)
 
$
99,713

Interest income
 

 
 

 
 

 
 

 
1,993

Interest expense
 

 
 

 
 

 
 

 
(5,962
)
Income before income taxes
 

 
 

 
 

 
 

 
$
95,744

Nine Months Ended September 30, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
1,377,847

 
$
635,770

 
$
253,348

 
$
—

 
$
2,266,965

Inter-segment sales
95,300

 
12,838

 
5,837

 
(113,975
)
 
—

Total
$
1,473,147

 
$
648,608

 
$
259,185

 
$
(113,975
)
 
$
2,266,965

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
240,713

 
$
38,699

 
$
35,045

 
$
(8,643
)
 
$
305,814

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

 
(4,925
)
 
—

 
1,804

 
(6
)
EBIT
$
237,598

 
$
43,624

 
$
35,045

 
$
(10,447
)
 
$
305,820

Interest income
 

 
 

 
 

 
 

 
2,047

Interest expense
 

 
 

 
 

 
 
 
(19,668
)
Income before income taxes
 

 
 

 
 

 
 

 
$
288,199

Nine Months Ended September 30, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
1,351,297

 
$
700,315

 
$
233,235

 
$
—

 
$
2,284,847

Inter-segment sales
89,671

 
13,669

 
5,447

 
(108,787
)
 
—

Total
$
1,440,968

 
$
713,984

 
$
238,682

 
$
(108,787
)
 
$
2,284,847

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
254,850

 
$
41,970

 
$
28,058

 
$
(4,443
)
 
$
320,435

Special items charge (gain) (2)
4,990

 
24,353

 
—

 
3,665

 
33,008

EBIT
$
249,860

 
$
17,617

 
$
28,058

 
$
(8,108
)
 
$
287,427

Interest income
 

 
 

 
 

 
 

 
5,273

Interest expense
 

 
 

 
 

 
 

 
(18,495
)
Income before income taxes
 

 
 

 
 

 
 

 
$
274,205


(1)
In the three months ended September 30, 2019, special items reflect Rationalization and asset impairment charges of $1,495, amortization of step up in value of acquired inventories of $1,609 related to the acquisition of Askaynak and
gain on change in control of $7,601 related to the acquisition of Askaynak in International Welding. In the nine months ended September 30, 2019, special items reflect Rationalization and asset impairment charges of $1,716 in Americas Welding and $4,621 in International Welding, amortization of step up in value of acquired inventories of $1,399 related to the acquisition of Baker Industries in Americas Welding and $1,609 related to the acquisition of Askaynak in International Welding, gains on disposals of assets of $3,554 in International Welding and acquisition transaction and integration costs of $1,804 in Corporate / Eliminations related to the Air Liquide Welding acquisition and a gain on change in control of $7,601 related to the acquisition of Askaynak.
(2)
In the three months ended September 30, 2018, special items reflect pension settlement charges of $4,232 in Americas Welding, rationalization and asset impairment charges of $2,636 in International Welding and transaction and integration costs of $970 in Corporate / Eliminations related to the Air Liquide Welding acquisition. In the nine months ended September 30, 2018, special items reflect pension settlement charges of $4,990 in Americas Welding, Rationalization and asset impairment charges of $24,353 in International Welding and acquisition transaction and integration costs of $3,665 in Corporate / Eliminations related to the Air Liquide Welding acquisition.