SEGMENT INFORMATION (Tables)

9 Months Ended

Sep. 30, 2011

SEGMENT INFORMATION

Financial information for the reportable segments

	North America Welding		Europe Welding		Asia Pacific Welding			South America Welding		The Harris Products Group			Corporate / Eliminations			Consolidated
Three months ended September 30, 2011
Net sales	$	345,182	$	128,294	$	97,790		$	44,169	$	86,189		$	—		$	701,624
Inter-segment sales	33,070		3,238		4,111			254		2,485			(43,158		)	—
Total	$	378,252	$	131,532	$	101,901		$	44,423	$	88,674		$	(43,158	)	$	701,624
EBIT, as adjusted	$	53,436	$	10,282	$	1,899		$	4,025	$	5,010		$	1,806		$	76,458
Special items charge (gain)	—		—		—			—		—			—			—
EBIT	$	53,436	$	10,282	$	1,899		$	4,025	$	5,010		$	1,806		$	76,458
Interest income																1,167
Interest expense																(1,752		)
Income before income taxes																$	75,873
Three months ended September 30, 2010
Net sales	$	255,636	$	85,892	$	79,657		$	34,065	$	64,088		$	—		$	519,338
Inter-segment sales	28,291		3,242		4,224			662		1,518			(37,937		)	—
Total	$	283,927	$	89,134	$	83,881		$	34,727	$	65,606		$	(37,937	)	$	519,338
EBIT, as adjusted	$	43,187	$	5,664	$	(1,488	)	$	3,170	$	4,119		$	(3,680	)	$	50,972
Special items charge (gain)	—		370		(101		)	815		—			—			1,084
EBIT	$	43,187	$	5,294	$	(1,387	)	$	2,355	$	4,119		$	(3,680	)	$	49,888
Interest income																602
Interest expense																(1,671		)
Income before income taxes																$	48,819
Nine months ended September 30, 2011
Net sales	$	947,594	$	381,750	$	288,072		$	116,011	$	266,669		$	—		$	2,000,096
Inter-segment sales	105,419		13,375		10,721			374		6,735			(136,624		)	—
Total	$	1,053,013	$	395,125	$	298,793		$	116,385	$	273,404		$	(136,624	)	$	2,000,096
EBIT, as adjusted	$	158,192	$	27,267	$	3,281		$	9,600	$	20,750		$	1,697		$	220,787
Special items charge (gain)	—		392		(110		)	—		—			—			282
EBIT	$	158,192	$	26,875	$	3,391		$	9,600	$	20,750		$	1,697		$	220,505
Interest income																2,436
Interest expense																(5,037		)
Income before income taxes																$	217,904
Total assets	$	1,105,952	$	461,574	$	372,017		$	115,638	$	280,579		$	(372,883	)	$	1,962,877
Nine months ended September 30, 2010
Net sales	$	740,780	$	255,773	$	233,965		$	85,009	$	190,353		$	—		$	1,505,880
Inter-segment sales	81,381		9,787		9,310			1,064		4,877			(106,419		)	—
Total	$	822,161	$	265,560	$	243,275		$	86,073	$	195,230		$	(106,419	)	$	1,505,880
EBIT, as adjusted	$	114,484	$	14,721	$	1,051		$	5,506	$	9,378		$	(6,474	)	$	138,666
Special items charge (gain)	—		2,079		(4,222		)	3,123		(416		)	—			564
EBIT	$	114,484	$	12,642	$	5,273		$	2,383	$	9,794		$	(6,474	)	$	138,102
Interest income																1,781
Interest expense																(4,751		)
Income before income taxes																$	135,132
Total assets	$	913,608	$	389,893	$	330,163		$	96,847	$	269,208		$	(201,027	)	$	1,798,692