SEGMENT INFORMATION (Tables)

3 Months Ended

Mar. 31, 2022

SEGMENT INFORMATION

Schedule of financial information for the reportable segments

The following table presents Adjusted EBIT by segment:

					The Harris
	Americas		International		Products		Corporate /
	Welding		Welding		Group		Eliminations		Consolidated
Three Months Ended March 31, 2022
Net sales	$	534,055	$	258,041	$	133,352	$	—	$	925,448
Inter-segment sales		28,156		6,228		3,062		(37,446)		—
Total	$	562,211	$	264,269	$	136,414	$	(37,446)	$	925,448
Adjusted EBIT	$	111,568	$	37,087	$	19,598	$	(4,801)	$	163,452
Special items charge (gain) (1)		(3,735)		1,347		—		—		(2,388)
EBIT	$	115,303	$	35,740	$	19,598	$	(4,801)	$	165,840
Interest income										376
Interest expense										(6,574)
Income before income taxes									$	159,642
Three Months Ended March 31, 2021
Net sales	$	425,242	$	223,079	$	108,700	$	—	$	757,021
Inter-segment sales		32,748		4,285		2,147		(39,180)		—
Total	$	457,990	$	227,364	$	110,847	$	(39,180)	$	757,021
Adjusted EBIT	$	76,617	$	18,816	$	18,697	$	(1,456)	$	112,674
Special items charge (gain) (2)		4,440		4,609		—		1,113		10,162
EBIT	$	72,177	$	14,207	$	18,697	$	(2,569)	$	102,512
Interest income										454
Interest expense										(5,813)
Income before income taxes									$	97,153

(1) In the three months ended March 31, 2022, special items reflect Rationalization charges of $1,885 in International Welding and the final settlement related to the termination of a pension plan of $3,735 in Americas Welding.

(2) In the three months ended March 31, 2021, special items reflect Rationalization and asset impairment charges of $4,163 in International Welding, pension settlement charges of $4,440 and $446 in Americas Welding and International Welding, respectively, and acquisition transaction costs of $1,113 in Corporate/Eliminations related to an acquisition.