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SEGMENT INFORMATION (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2014 | Jun. 30, 2013 | Jun. 30, 2014 segment | Jun. 30, 2013 | Dec. 31, 2013
Financial information for the reportable segments |  |  |  |  |
Net sales | $ 728,531 | $ 727,432 | $ 1,413,593 | $ 1,446,005 |
Inter-segment sales | 0 | 0 | 0 | 0 |
Total | 728,531 | 727,432 | 1,413,593 | 1,446,005 |
EBIT, as adjusted | 119,232 | 109,832 | 219,962 | 211,146 |
Special items net charges | 4,304 | 3,389 | 21,952 | 14,100 |
EBIT | 114,928 | 106,443 | 198,010 | 197,046 |
Interest income | 924 | 890 | 1,838 | 1,916 |
Interest expense | (986) | (799) | (2,556) | (1,749) |
Income before income taxes | 114,866 | 106,534 | 197,292 | 197,213 |
Total assets | 2,144,839 | 2,060,117 | 2,144,839 | 2,060,117 | 2,151,867
Special items |  |  |  |  |
Number of operating segments |  |  | 5 |  |
North America Welding |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |
Net sales | 429,490 | 419,069 | 831,396 | 838,623 |
Inter-segment sales | 33,360 | 35,529 | 66,303 | 64,514 |
Total | 462,850 | 454,598 | 897,699 | 903,137 |
EBIT, as adjusted | 91,195 | 82,777 | 162,559 | 159,437 |
Special items net charges | (21) | 266 | (68) | 1,126 |
EBIT | 91,216 | 82,511 | 162,627 | 158,311 |
Total assets | 1,150,833 | 1,000,724 | 1,150,833 | 1,000,724 |
Europe Welding |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |
Net sales | 115,574 | 108,661 | 220,980 | 219,152 |
Inter-segment sales | 5,494 | 4,330 | 11,354 | 8,609 |
Total | 121,068 | 112,991 | 232,334 | 227,761 |
EBIT, as adjusted | 14,899 | 9,532 | 24,191 | 20,233 |
Special items net charges | 965 | 75 | 1,004 | 69 |
EBIT | 13,934 | 9,457 | 23,187 | 20,164 |
Total assets | 418,283 | 446,142 | 418,283 | 446,142 |
Asia Pacific Welding |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |
Net sales | 66,997 | 69,239 | 128,283 | 139,278 |
Inter-segment sales | 3,600 | 4,374 | 8,049 | 8,758 |
Total | 70,597 | 73,613 | 136,332 | 148,036 |
EBIT, as adjusted | 365 | 653 | (275) | 2,946 |
Special items net charges | (108) | 510 | (117) | 707 |
EBIT | 473 | 143 | (158) | 2,239 |
Total assets | 319,965 | 339,657 | 319,965 | 339,657 |
South America Welding |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |
Net sales | 39,051 | 44,503 | 83,044 | 80,877 |
Inter-segment sales | 35 | 51 | 64 | 71 |
Total | 39,086 | 44,554 | 83,108 | 80,948 |
EBIT, as adjusted | 4,995 | 11,065 | 16,760 | 16,177 |
Special items net charges | 3,468 | 2,538 | 21,133 | 12,198 |
EBIT | 1,527 | 8,527 | (4,373) | 3,979 |
Total assets | 149,430 | 124,841 | 149,430 | 124,841 |
The Harris Products Group |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |
Net sales | 77,419 | 85,960 | 149,890 | 168,075 |
Inter-segment sales | 2,262 | 2,674 | 4,380 | 4,898 |
Total | 79,681 | 88,634 | 154,270 | 172,973 |
EBIT, as adjusted | 7,178 | 7,343 | 13,236 | 14,494 |
Special items net charges | 0 | 0 | 0 | 0 |
EBIT | 7,178 | 7,343 | 13,236 | 14,494 |
Total assets | 172,781 | 187,475 | 172,781 | 187,475 |
Corporate / Eliminations |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |
Net sales | 0 | 0 | 0 | 0 |
Inter-segment sales | (44,751) | (46,958) | (90,150) | (86,850) |
Total | (44,751) | (46,958) | (90,150) | (86,850) |
EBIT, as adjusted | 600 | (1,538) | 3,491 | (2,141) |
Special items net charges | 0 | 0 | 0 | 0 |
EBIT | 600 | (1,538) | 3,491 | (2,141) |
Total assets | $ (66,453) | $ (38,722) | $ (66,453) | $ (38,722) |

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