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SEGMENT INFORMATION (Tables) | 12 Months Ended
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Dec. 31, 2012
Segment Reporting [Abstract] |
Schedule of financial information for the reportable segments | Financial information for the reportable segments follows:
| North America Welding |  | Europe Welding |  | Asia Pacific Welding |  | South America Welding |  | The Harris Products Group |  | Corporate / Eliminations |  | Consolidated
For the Year Ended December 31, 2012 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,580,818 |  |  | $ | 452,227 |  |  | $ | 324,482 |  |  | $ | 161,483 |  |  | $ | 334,357 |  |  | $ | — |  |  | $ | 2,853,367 |
Inter-segment sales | 131,062 |  |  | 16,048 |  |  | 14,829 |  |  | 38 |  |  | 8,549 |  |  | (170,526 | ) |  | $ | — |
Total | $ | 1,711,880 |  |  | $ | 468,275 |  |  | $ | 339,311 |  |  | $ | 161,521 |  |  | $ | 342,906 |  |  | $ | (170,526 | ) |  | $ | 2,853,367 |
EBIT, as adjusted | $ | 293,070 |  |  | $ | 37,299 |  |  | $ | 7,247 |  |  | $ | 18,301 |  |  | $ | 29,477 |  |  | $ | (4,886 | ) |  | $ | 380,508 |
Special items charge (gain) | 827 |  |  | 3,534 |  |  | 4,993 |  |  | 1,381 |  |  | — |  |  | — |  |  | $ | 10,735 |
EBIT | $ | 292,243 |  |  | $ | 33,765 |  |  | $ | 2,254 |  |  | $ | 16,920 |  |  | $ | 29,477 |  |  | $ | (4,886 | ) |  | $ | 369,773 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  | 3,988 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  | (4,191 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  | $ | 369,570 |
Total assets | $ | 980,093 |  |  | $ | 451,654 |  |  | $ | 350,189 |  |  | $ | 134,650 |  |  | $ | 195,881 |  |  | $ | (22,604 | ) |  | $ | 2,089,863 |
Equity investments in affiliates | — |  |  | 21,798 |  |  | — |  |  | 2,808 |  |  | — |  |  | — |  |  | $ | 24,606 |
Capital expenditures | 36,834 |  |  | 5,372 |  |  | 8,833 |  |  | 899 |  |  | 831 |  |  | (54 | ) |  | $ | 52,715 |
Depreciation and amortization | 33,479 |  |  | 11,008 |  |  | 15,102 |  |  | 1,878 |  |  | 3,934 |  |  | (67 | ) |  | $ | 65,334 |
For the Year Ended December 31, 2011 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,309,499 |  |  | $ | 508,692 |  |  | $ | 376,276 |  |  | $ | 156,684 |  |  | $ | 343,458 |  |  | $ | — |  |  | $ | 2,694,609 |
Inter-segment sales | 136,314 |  |  | 17,422 |  |  | 15,614 |  |  | 494 |  |  | 8,496 |  |  | (178,340 | ) |  | $ | — |
Total | $ | 1,445,813 |  |  | $ | 526,114 |  |  | $ | 391,890 |  |  | $ | 157,178 |  |  | $ | 351,954 |  |  | $ | (178,340 | ) |  | $ | 2,694,609 |
EBIT, as adjusted | $ | 227,924 |  |  | $ | 36,171 |  |  | $ | 2,629 |  |  | $ | 12,895 |  |  | $ | 25,151 |  |  | $ | 426 |  |  | $ | 305,196 |
Special items charge (gain) | — |  |  | 392 |  |  | (110 | ) |  | — |  |  | — |  |  | — |  |  | $ | 282 |
EBIT | $ | 227,924 |  |  | $ | 35,779 |  |  | $ | 2,739 |  |  | $ | 12,895 |  |  | $ | 25,151 |  |  | $ | 426 |  |  | $ | 304,914 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  | 3,121 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  | (6,704 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  | $ | 301,331 |
Total assets | $ | 771,315 |  |  | $ | 436,327 |  |  | $ | 380,282 |  |  | $ | 110,781 |  |  | $ | 181,916 |  |  | $ | 96,155 |  |  | $ | 1,976,776 |
Equity investments in affiliates | — |  |  | 20,500 |  |  | — |  |  | 4,118 |  |  | — |  |  | — |  |  | $ | 24,618 |
Capital expenditures | 31,826 |  |  | 8,566 |  |  | 21,498 |  |  | 2,314 |  |  | 1,792 |  |  | (183 | ) |  | $ | 65,813 |
Depreciation and amortization | 29,237 |  |  | 11,736 |  |  | 14,663 |  |  | 2,033 |  |  | 4,714 |  |  | (332 | ) |  | $ | 62,051 |
For the Year Ended December 31, 2010 |  |  |  |  |  |  |  |  |  |  |  |  |
Net sales | $ | 1,013,193 |  |  | $ | 359,925 |  |  | $ | 324,092 |  |  | $ | 117,419 |  |  | $ | 255,543 |  |  | $ | — |  |  | $ | 2,070,172 |
Inter-segment sales | 108,849 |  |  | 13,330 |  |  | 12,546 |  |  | 1,216 |  |  | 6,641 |  |  | (142,582 | ) |  | $ | — |
Total | $ | 1,122,042 |  |  | $ | 373,255 |  |  | $ | 336,638 |  |  | $ | 118,635 |  |  | $ | 262,184 |  |  | $ | (142,582 | ) |  | $ | 2,070,172 |
EBIT, as adjusted | $ | 162,192 |  |  | $ | 17,023 |  |  | $ | 1,752 |  |  | $ | 7,554 |  |  | $ | 12,311 |  |  | $ | (6,675 | ) |  | $ | 194,157 |
Special items charge (gain) | — |  |  | 2,486 |  |  | (3,741 | ) |  | 3,123 |  |  | 871 |  |  | — |  |  | $ | 2,739 |
EBIT | $ | 162,192 |  |  | $ | 14,537 |  |  | $ | 5,493 |  |  | $ | 4,431 |  |  | $ | 11,440 |  |  | $ | (6,675 | ) |  | $ | 191,418 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  | 2,381 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  | (6,691 | )
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  | $ | 187,108 |
Total assets | $ | 611,725 |  |  | $ | 413,789 |  |  | $ | 350,975 |  |  | $ | 94,836 |  |  | $ | 193,474 |  |  | $ | 118,989 |  |  | $ | 1,783,788 |
Equity investments in affiliates | — |  |  | 19,194 |  |  | — |  |  | 3,715 |  |  | — |  |  | — |  |  | $ | 22,909 |
Capital expenditures | 25,746 |  |  | 10,373 |  |  | 22,973 |  |  | 3,573 |  |  | 884 |  |  | (2,984 | ) |  | $ | 60,565 |
Depreciation and amortization | 27,652 |  |  | 9,527 |  |  | 13,542 |  |  | 1,564 |  |  | 5,012 |  |  | 60 |  |  | $ | 57,357 |
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,
|  | 2012 |  | 2011 |  | 2010
Net sales: |  |  |  |  |  |
United States |  | $ | 1,283,066 |  |  | $ | 1,092,838 |  |  | $ | 825,371 |
China |  | 229,996 |  |  | 286,121 |  |  | 250,981 |
Other foreign countries |  | 1,340,305 |  |  | 1,315,650 |  |  | 993,820 |
Total |  | $ | 2,853,367 |  |  | $ | 2,694,609 |  |  | $ | 2,070,172 |
|  | December 31,
|  | 2012 |  | 2011 |  | 2010
Property, plant and equipment, net: |  |  |  |  |  |
United States |  | $ | 170,831 |  |  | $ | 149,637 |  |  | $ | 149,185 |
China |  | 92,744 |  |  | 96,374 |  |  | 87,722 |
Other foreign countries |  | 223,050 |  |  | 224,801 |  |  | 242,084 |
Eliminations |  | (389 | ) |  | (361 | ) |  | (425 | )
Total |  | $ | 486,236 |  |  | $ | 470,451 |  |  | $ | 478,566 |

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