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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
Financial information for the reportable segments follows:
 
Americas Welding (1)
 
International Welding (2)
 
The Harris
Products
Group (3)
 
Corporate /
Eliminations (4)
 
Consolidated
For the Year Ended
   December 31, 2019
 
 
 
 
 
 
 
 
 
Net sales
$
1,815,746

 
$
854,376

 
$
333,150

 
$
—

 
$
3,003,272

Inter-segment sales
123,342

 
17,691

 
7,487

 
(148,520
)
 
$
—

Total
$
1,939,088

 
$
872,067

 
$
340,637

 
$
(148,520
)
 
$
3,003,272

Adjusted EBIT
$
315,719

 
$
50,281

 
$
45,701

 
$
(10,948
)
 
$
400,753

Special items charge (gain)
3,115

 
2,156

 
1,770

 
1,804

 
$
8,845

EBIT
$
312,604

 
$
48,125

 
$
43,931

 
$
(12,752
)
 
$
391,908

Interest income
 
 
 
 
 
 
 
 
2,527

Interest expense
 
 
 
 
 
 
 
 
(25,942
)
Income before income taxes
 
 
 
 
 
 
 
 
$
368,493

 
 
 
 
 
 
 
 
 
 
Total assets
$
1,490,395

 
$
831,759

 
$
203,602

 
$
(154,543
)
 
$
2,371,213

Equity investments in affiliates
4,274

 
—

 
—

 
—

 
$
4,274

Capital expenditures
39,106

 
23,126

 
7,383

 
—

 
$
69,615

Depreciation and amortization
55,300

 
22,013

 
4,636

 
(462
)
 
$
81,487

For the Year Ended
   December 31, 2018
 
 
 
 
 
 
 
 
 
Net sales
$
1,806,514

 
$
919,771

 
$
302,389

 
$
—

 
$
3,028,674

Inter-segment sales
118,936

 
18,576

 
6,969

 
(144,481
)
 
$
—

Total
$
1,925,450

 
$
938,347

 
$
309,358

 
$
(144,481
)
 
$
3,028,674

Adjusted EBIT
$
340,744

 
$
54,273

 
$
36,564

 
$
(8,887
)
 
$
422,694

Special items charge (gain)
6,686

 
25,285

 
—

 
4,498

 
$
36,469

EBIT
$
334,058

 
$
28,988

 
$
36,564

 
$
(13,385
)
 
$
386,225

Interest income
 
 
 
 
 
 
 
 
6,938

Interest expense
 
 
 
 
 
 
 
 
(24,503
)
Income before income taxes
 
 
 
 
 
 
 
 
$
368,660

 
 
 
 
 
 
 
 
 
 
Total assets
$
1,418,905

 
$
827,132

 
$
203,095

 
$
(99,307
)
 
$
2,349,825

Equity investments in affiliates
4,204

 
27,024

 
—

 
—

 
$
31,228

Capital expenditures
42,053

 
26,284

 
2,909

 
—

 
$
71,246

Depreciation and amortization
47,008

 
22,384

 
3,045

 
(91
)
 
$
72,346

For the Year Ended
   December 31, 2017
 
 
 
 
 
 
 
 
 
Net sales
$
1,609,779

 
$
724,024

 
$
290,628

 
$
—

 
$
2,624,431

Inter-segment sales
97,382

 
18,860

 
8,190

 
(124,432
)
 
$
—

Total
$
1,707,161

 
$
742,884

 
$
298,818

 
$
(124,432
)
 
$
2,624,431

Adjusted EBIT
$
291,866

 
$
41,721

 
$
36,442

 
$
309

 
$
370,338

Special items charge
9,242

 
10,076

 
—

 
(34,648
)
 
$
(15,330
)
EBIT
$
282,624

 
$
31,645

 
$
36,442

 
$
34,957

 
$
385,668

Interest income
 
 
 
 
 
 
 
 
4,788

Interest expense
 
 
 
 
 
 
 
 
(24,220
)
Income before income taxes
 
 
 
 
 
 
 
 
$
366,236

 
 
 
 
 
 
 
 
 
 
Total assets
$
1,253,411

 
$
919,995

 
$
175,151

 
$
57,990

 
$
2,406,547

Equity investments in affiliates
4,037

 
24,489

 
—

 
—

 
$
28,526

Capital expenditures
43,158

 
14,549

 
3,949

 
—

 
$
61,656

Depreciation and amortization
47,038

 
18,364

 
2,885

 
(172
)
 
$
68,115


(1)
2019 special items reflect Rationalization and asset impairment charges of $1,716 and amortization of step up in value of acquired inventories of $1,399 related to the acquisition of Baker.
2018 special items reflect pension settlement charges of $6,686 in Americas Welding related to lump sum pension payments.
2017 special items reflect pension settlement charges of $8,150 related to lump sum pension payments, as well as non-cash charges of $1,091 related to the impairment of goodwill.
(2)
2019 special items reflect Rationalization and asset impairment charges of $11,702, amortization of step up in value of acquired inventories of $1,609 related to the acquisition of Askaynak, gains on disposals of assets of $3,554 and a gain on change in control of $7,601 related to the acquisition of Askaynak.
2018 special items reflect Rationalization and asset impairment charges of $25,285 related to employee severance, asset impairments, gains or losses on disposal of assets and other related costs.
2017 special items reflect amortization of step up in value of acquired inventories of $4,578 related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements, as well as Rationalization and asset impairment charges of $5,498 related to employee severance, asset impairments and other related costs.
(3)
2019 special items reflect Rationalization and asset impairment charges of $1,770.
(4)
2019 special items reflect acquisition transaction and integration costs of $1,804 related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements.
2018 special items reflect acquisition transaction and integration costs of $4,498 related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements.
2017 special items reflect a bargain purchase gain of $49,650 and acquisition transaction and integration costs of $15,002 related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements.
Schedule of geographical split of the Company's net sales, based on the location of the customers, and property plant equipment
The geographic split of the Company's Net sales, based on the location of the customer, and property, plant and equipment were as follows:
 
 
Year Ended December 31,
 
 
2019
 
2018
 
2017
Net sales:
 
 
 
 
 
 
United States
 
$
1,615,483

 
$
1,554,688

 
$
1,388,816

Foreign countries
 
1,387,789

 
1,473,986

 
1,235,615

Total
 
$
3,003,272

 
$
3,028,674

 
$
2,624,431

 
 
December 31,
 
 
2019
 
2018
 
2017
Property, plant and equipment, net:
 
 
 
 
 
 
United States
 
$
250,923

 
$
214,943

 
$
194,491

Foreign countries
 
278,566

 
264,110

 
282,931

Eliminations
 
(145
)
 
(252
)
 
(391
)
Total
 
$
529,344

 
$
478,801

 
$
477,031