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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2020
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, 2020
 

 
 

 
 

 
 

 
 

Net sales
$
333,229

 
$
177,167

 
$
80,331

 
$
—

 
$
590,727

Inter-segment sales
27,493

 
4,286

 
1,753

 
(33,532
)
 
—

Total
$
360,722

 
$
181,453

 
$
82,084

 
$
(33,532
)
 
$
590,727

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
46,702

 
$
9,682

 
$
11,713

 
$
(1,964
)
 
$
66,133

Special items charge (gain) (1)
26,007

 
565

 
—

 
—

 
26,572

EBIT
$
20,695

 
$
9,117

 
$
11,713

 
$
(1,964
)
 
$
39,561

Interest income
 
 
 
 
 
 
 
 
424

Interest expense
 
 
 
 
 
 
 
 
(6,305
)
Income before income taxes
 
 
 
 
 
 
 
 
$
33,680

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) (2)
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

Six Months Ended June 30, 2020
 

 
 

 
 

 
 

 
 

Net sales
$
751,764

 
$
375,090

 
$
165,864

 
$
—

 
$
1,292,718

Inter-segment sales
52,276

 
8,769

 
3,478

 
(64,523
)
 
—

Total
$
804,040

 
$
383,859

 
$
169,342

 
$
(64,523
)
 
$
1,292,718

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
117,404

 
$
16,297

 
$
24,205

 
$
(3,063
)
 
$
154,843

Special items charge (gain) (1)
27,197

 
6,702

 
—

 
—

 
33,899

EBIT
$
90,207

 
$
9,595

 
$
24,205

 
$
(3,063
)
 
$
120,944

Interest income
 

 
 

 
 

 
 

 
1,284

Interest expense
 

 
 

 
 

 
 
 
(12,623
)
Income before income taxes
 

 
 

 
 

 
 

 
$
109,605

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) (2)
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


(1)
In the three months ended June 30, 2020, special items reflect Rationalization and asset impairment charges of $22,673 and $565 in Americas Welding and International Welding, respectively, and pension settlement charges of $3,334 in
Americas Welding. In the six months ended June 30, 2020, special items reflect Rationalization and asset impairment charges of $23,863 and $5,896 in Americas Welding and International Welding, respectively, amortization of step up in value of acquired inventories of $806 related to an acquisition in International Welding and pension settlement charges of $3,334 in Americas Welding.
(2)
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 and $3,126 in Americas Welding and International Welding, respectively, 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 acquisition transaction and integration costs of $1,804 in Corporate / Eliminations related to the Air Liquide Welding acquisition.