XML 39 R28.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 30, 2013
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
Three Months Ended September 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
404,113

 
$
98,522

 
$
63,834

 
$
51,715

 
$
73,691

 
$
—

 
$
691,875

Inter-segment sales
35,355

 
5,256

 
3,821

 
151

 
2,311

 
(46,894
)
 
—

Total
$
439,468

 
$
103,778

 
$
67,655

 
$
51,866

 
$
76,002

 
$
(46,894
)
 
$
691,875

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
75,225

 
$
7,881

 
$
(979
)
 
$
15,942

 
$
6,917

 
$
(822
)
 
$
104,164

Special items charge
(17
)
 
1,595

 
4,724

 
—

 
—

 
—

 
6,302

EBIT
$
75,242

 
$
6,286

 
$
(5,703
)
 
$
15,942

 
$
6,917

 
$
(822
)
 
$
97,862

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
536

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(558
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
97,840

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2012
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
390,327

 
$
104,480

 
$
76,263

 
$
44,545

 
$
81,937

 
$
—

 
$
697,552

Inter-segment sales
28,186

 
3,261

 
2,748

 
27

 
1,869

 
(36,091
)
 
—

Total
$
418,513

 
$
107,741

 
$
79,011

 
$
44,572

 
$
83,806

 
$
(36,091
)
 
$
697,552

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
70,797

 
$
8,515

 
$
2,054

 
$
7,587

 
$
7,739

 
$
(2,620
)
 
$
94,072

Special items charge
477

 
1,874

 
708

 
—

 
—

 
—

 
3,059

EBIT
$
70,320

 
$
6,641

 
$
1,346

 
$
7,587

 
$
7,739

 
$
(2,620
)
 
$
91,013

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
916

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(1,040
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
90,889

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
1,242,736

 
$
317,674

 
$
203,112

 
$
132,592

 
$
241,766

 
$
—

 
$
2,137,880

Inter-segment sales
99,869

 
13,865

 
12,579

 
222

 
7,209

 
(133,744
)
 
—

Total
$
1,342,605

 
$
331,539

 
$
215,691

 
$
132,814

 
$
248,975

 
$
(133,744
)
 
$
2,137,880

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
234,662

 
$
28,114

 
$
1,967

 
$
32,119

 
$
21,411

 
$
(2,963
)
 
$
315,310

Special items charge
1,109

 
1,664

 
5,431

 
12,198

 
—

 
—

 
20,402

EBIT
$
233,553

 
$
26,450

 
$
(3,464
)
 
$
19,921

 
$
21,411

 
$
(2,963
)
 
$
294,908

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
2,452

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(2,307
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
295,053

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
979,043

 
$
415,387

 
$
329,117

 
$
145,672

 
$
186,474

 
$
63,948

 
$
2,119,641

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2012
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
1,187,879

 
$
344,720

 
$
254,259

 
$
121,552

 
$
260,309

 
$
—

 
$
2,168,719

Inter-segment sales
101,386

 
12,178

 
11,641

 
38

 
6,605

 
(131,848
)
 
—

Total
$
1,289,265

 
$
356,898

 
$
265,900

 
$
121,590

 
$
266,914

 
$
(131,848
)
 
$
2,168,719

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
216,872

 
$
32,317

 
$
8,641

 
$
13,472

 
$
23,933

 
$
(6,882
)
 
$
288,353

Special items charge
554

 
2,466

 
1,297

 
1,381

 
—

 
—

 
5,698

EBIT
$
216,318

 
$
29,851

 
$
7,344

 
$
12,091

 
$
23,933

 
$
(6,882
)
 
$
282,655

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
2,648

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(3,338
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
281,965

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
909,827

 
$
460,586

 
$
358,626

 
$
128,658

 
$
203,536

 
$
30,289

 
$
2,091,522