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SEGMENT INFORMATION (Details) (USD $) In Thousands, unless otherwise specified | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2014 | Mar. 31, 2014 | Sep. 30, 2013 | Sep. 30, 2014 segment | Sep. 30, 2013 | Dec. 31, 2013
Financial information for the reportable segments |  |  |  |  |  |
Net sales | $ 715,777 |  | $ 691,875 | $ 2,129,370 | $ 2,137,880 |
Inter-segment sales | 0 |  | 0 | 0 | 0 |
Total | 715,777 |  | 691,875 | 2,129,370 | 2,137,880 |
EBIT, as adjusted | 107,400 |  | 104,164 | 327,362 | 315,310 |
Special items net charges | 29,068 |  | 6,302 | 51,020 | 20,402 |
Asset Impairment Charges |  |  |  | 32,557 |  |
Restructuring Charges |  |  |  | 1,260 |  |
Foreign Currency Transaction Loss, before Tax |  | 17,665 |  |  | 8,081 |
EBIT | 78,332 |  | 97,862 | 276,342 | 294,908 |
Interest income | 627 |  | 536 | 2,465 | 2,452 |
Interest expense | (1,174) |  | (558) | (3,730) | (2,307) |
Income before income taxes | 77,785 |  | 97,840 | 275,077 | 295,053 |
Total assets | 2,112,519 |  | 2,119,641 | 2,112,519 | 2,119,641 | 2,151,867
Special items |  |  |  |  |  |
Number of operating segments |  |  |  | 5 |  |
North America Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 439,621 |  | 404,113 | 1,271,017 | 1,242,736 |
Inter-segment sales | 30,365 |  | 35,355 | 96,668 | 99,869 |
Total | 469,986 |  | 439,468 | 1,367,685 | 1,342,605 |
EBIT, as adjusted | 84,450 |  | 75,225 | 247,009 | 234,662 |
Special items net charges | 0 |  | (17) | (68) | 1,109 |
Restructuring Charges |  |  |  | (68) |  |
EBIT | 84,450 |  | 75,242 | 247,077 | 233,553 |
Total assets | 1,205,179 |  | 979,043 | 1,205,179 | 979,043 |
Europe Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 107,507 |  | 98,522 | 328,487 | 317,674 |
Inter-segment sales | 4,533 |  | 5,256 | 15,887 | 13,865 |
Total | 112,040 |  | 103,778 | 344,374 | 331,539 |
EBIT, as adjusted | 15,221 |  | 7,881 | 39,412 | 28,114 |
Special items net charges | (81) |  | 1,595 | 923 | 1,664 |
Restructuring Charges |  |  |  | 930 |  |
EBIT | 15,302 |  | 6,286 | 38,489 | 26,450 |
Total assets | 389,122 |  | 415,387 | 389,122 | 415,387 |
Asia Pacific Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 57,404 |  | 63,834 | 185,687 | 203,112 |
Inter-segment sales | 3,595 |  | 3,821 | 11,644 | 12,579 |
Total | 60,999 |  | 67,655 | 197,331 | 215,691 |
EBIT, as adjusted | (304) |  | (979) | (579) | 1,967 |
Special items net charges | 28,567 |  | 4,724 | 28,450 | 5,431 |
Asset Impairment Charges | 32,448 |  |  | 32,557 |  |
Special Items Charge (Gain) Net of Asset Impairments | (3,881) |  |  | (4,107) |  |
Restructuring Charges |  |  |  | (184) |  |
Other Asset Impairment Charges |  |  | 4,675 |  | 4,675 |
Restructuring Charges Net |  |  | 49 |  | 756 |
EBIT | (28,871) |  | (5,703) | (29,029) | (3,464) |
Total assets | 285,626 |  | 329,117 | 285,626 | 329,117 |
South America Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 32,862 |  | 51,715 | 115,906 | 132,592 |
Inter-segment sales | 9 |  | 151 | 73 | 222 |
Total | 32,871 |  | 51,866 | 115,979 | 132,814 |
EBIT, as adjusted | (590) |  | 15,942 | 16,170 | 32,119 |
Special items net charges | 582 |  | 0 | 21,715 | 12,198 |
Restructuring Charges |  |  |  | 582 |  |
Foreign Currency Transaction Loss, before Tax |  |  |  | 21,133 |  |
EBIT | (1,172) |  | 15,942 | (5,545) | 19,921 |
Total assets | 139,908 |  | 145,672 | 139,908 | 145,672 |
The Harris Products Group |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 78,383 |  | 73,691 | 228,273 | 241,766 |
Inter-segment sales | 2,009 |  | 2,311 | 6,389 | 7,209 |
Total | 80,392 |  | 76,002 | 234,662 | 248,975 |
EBIT, as adjusted | 8,947 |  | 6,917 | 22,183 | 21,411 |
Special items net charges | 0 |  | 0 | 0 | 0 |
EBIT | 8,947 |  | 6,917 | 22,183 | 21,411 |
Total assets | 161,069 |  | 186,474 | 161,069 | 186,474 |
Corporate / Eliminations |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 0 |  | 0 | 0 | 0 |
Inter-segment sales | (40,511) |  | (46,894) | (130,661) | (133,744) |
Total | (40,511) |  | (46,894) | (130,661) | (133,744) |
EBIT, as adjusted | (324) |  | (822) | 3,167 | (2,963) |
Special items net charges | 0 |  | 0 | 0 | 0 |
EBIT | (324) |  | (822) | 3,167 | (2,963) |
Total assets | $ (68,385) |  | $ 63,948 | $ (68,385) | $ 63,948 |

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