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SEGMENT INFORMATION (Details)
$ / shares in Units, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
USD ($)
$ / shares
Jun. 30, 2020
$ / shares
Mar. 31, 2020
$ / shares
Sep. 30, 2019
USD ($)
$ / shares
Jun. 30, 2019
$ / shares
Mar. 31, 2019
$ / shares
Sep. 30, 2020
USD ($)
segment
$ / shares
Sep. 30, 2019
USD ($)
$ / shares
Financial information for the reportable segments                
Rationalization and asset impairment charges (Note 6) $ 6,257     $ 1,495     $ 36,016 $ 6,337
Number of operating segments | segment             3  
Net sales 668,888     730,783     $ 1,961,606 2,266,965
Inter-segment sales 0     0     0 0
Total 668,888     730,783     1,961,606 2,266,965
EBIT, as adjusted 88,300     93,700     243,143 305,814
Special items charge (gain) 9,445 [1]     (4,497) [2]     43,344 [1] (6) [2]
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net             0 7,601
EBIT 78,855     98,197     199,799 305,820
Interest income 293     491     1,576 2,047
Interest expense (5,845)     (6,891)     (18,467) (19,668)
Income before income taxes $ 73,303     $ 91,797     $ 182,908 $ 288,199
Cash dividends declared per share | $ / shares $ 0.49 $ 0.49 $ 0.49 $ 0.47 $ 0.47 $ 0.47 $ 1.47 $ 1.41
The Harris Products Group                
Financial information for the reportable segments                
Net sales $ 100,416     $ 81,884     $ 266,280 $ 253,348
Inter-segment sales 1,898     1,857     5,376 5,837
Total 102,314     83,741     271,656 259,185
EBIT, as adjusted 17,587     11,038     41,792 35,045
Special items charge (gain) 0 [1]     0 [2]     0 [1] 0 [2]
EBIT 17,587     11,038     41,792 35,045
Corporate / Eliminations                
Financial information for the reportable segments                
Acquisition Transaction and Integration Costs               1,804
Net sales 0     0     0 0
Inter-segment sales (36,164)     (37,399)     (100,687) (113,975)
Total (36,164)     (37,399)     (100,687) (113,975)
EBIT, as adjusted (1,839)     (1,632)     (4,902) (8,643)
Special items charge (gain) 0 [1]     0 [2]     0 [1] 1,804 [2]
EBIT (1,839)     (1,632)     (4,902) (10,447)
Americas Welding                
Financial information for the reportable segments                
Rationalization and asset impairment charges (Note 6) 3,856           27,719 1,716
Net sales 371,535     443,521     1,123,299 1,377,847
Inter-segment sales 29,368     31,101     81,644 95,300
Total 400,903     474,622     1,204,943 1,473,147
EBIT, as adjusted 59,120     74,110     176,524 240,713
Special items charge (gain) 7,044 [1]     0 [2]     34,241 [1] 3,115 [2]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Gain (Loss) Due to Settlement and Curtailment (3,188)           (6,522)  
Business Combination, Inventory Step Up               1,399
EBIT 52,076     74,110     142,283 237,598
International Welding                
Financial information for the reportable segments                
Rationalization and asset impairment charges (Note 6) 2,401     1,495     8,297 4,621
Net sales 196,937     205,378     572,027 635,770
Inter-segment sales 4,898     4,441     13,667 12,838
Total 201,835     209,819     585,694 648,608
EBIT, as adjusted 13,432     10,184     29,729 38,699
Special items charge (gain) 2,401 [1]     (4,497) [2]     9,103 [1] (4,925) [2]
Business Combination, Inventory Step Up       1,609     806 1,609
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net       7,601       7,601
Gain (Loss) on Disposition of Assets               3,554
EBIT $ 11,031     $ 14,681     $ 20,626 $ 43,624
[1] In the three months ended September 30, 2020, special items reflect Rationalization and asset impairment charges of $3,856 and $2,401 in Americas Welding and International Welding, respectively, and pension settlement charges of $3,188 in Americas Welding. In the nine months ended September 30, 2020, special items reflect Rationalization and asset impairment charges of $27,719 and $8,297 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 $6,522 in Americas Welding.
[2] In the three months ended September 30, 2019, special items reflect Rationalization and asset impairment charges $1,495, amortization of step up in value of acquired inventories of $1,609 related to the acquisition of Askaynak and a 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 and $4,621 in Americas Welding and International Welding, respectively, amortization of step up in value of acquired inventories of $1,399 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 in International Welding.