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SEGMENT INFORMATION (Details) $ in Thousands | 3 Months Ended | 6 Months Ended |
--- | --- | --- | ---
Jun. 30, 2015 USD ($) | Jun. 30, 2014 USD ($) | Mar. 31, 2014 USD ($) | Jun. 30, 2015 USD ($) segment | Jun. 30, 2014 USD ($) | Dec. 31, 2014 USD ($)
Financial information for the reportable segments |  |  |  |  |  |
Net sales | $ 664,740 | $ 728,531 |  | $ 1,322,640 | $ 1,413,593 |
Inter-segment sales | 0 | 0 |  | 0 | 0 |
Total | 664,740 | 728,531 |  | 1,322,640 | 1,413,593 |
EBIT, as adjusted | 99,322 | 119,232 |  | 193,280 | 219,962 |
Special items net charges | 1,239 | 4,304 |  | 1,239 | 21,952 |
Foreign Currency Transaction Loss, before Tax |  |  | $ 17,665 |  |  |
EBIT | 98,083 | 114,928 |  | 192,041 | 198,010 |
Interest income | 738 | 924 |  | 1,331 | 1,838 |
Interest expense | (4,387) | (986) |  | (6,231) | (2,556) |
Income before income taxes | 94,434 | 114,866 |  | 187,141 | 197,292 |
Total assets | 1,950,166 | 2,144,839 |  | $ 1,950,166 | 2,144,839 | $ 1,939,215
Special items |  |  |  |  |  |
Number of operating segments | segment |  |  |  | 5 |  |
North America Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 415,075 | 429,490 |  | $ 828,063 | 831,396 |
Inter-segment sales | 25,613 | 33,360 |  | 51,742 | 66,303 |
Total | 440,688 | 462,850 |  | 879,805 | 897,699 |
EBIT, as adjusted | 77,494 | 91,195 |  | 148,678 | 162,559 |
Special items net charges | 0 | (21) |  | 0 | (68) |
EBIT | 77,494 | 91,216 |  | 148,678 | 162,627 |
Total assets | 1,143,024 | 1,150,833 |  | 1,143,024 | 1,150,833 |
Europe Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 90,903 | 115,574 |  | 179,319 | 220,980 |
Inter-segment sales | 4,463 | 5,494 |  | 8,056 | 11,354 |
Total | 95,366 | 121,068 |  | 187,375 | 232,334 |
EBIT, as adjusted | 9,481 | 14,899 |  | 18,229 | 24,191 |
Special items net charges | 1,239 | 965 |  | 1,239 | 1,004 |
EBIT | 8,242 | 13,934 |  | 16,990 | 23,187 |
Total assets | 355,965 | 418,283 |  | 355,965 | 418,283 |
Asia Pacific Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 49,043 | 66,997 |  | 98,293 | 128,283 |
Inter-segment sales | 2,964 | 3,600 |  | 6,234 | 8,049 |
Total | 52,007 | 70,597 |  | 104,527 | 136,332 |
EBIT, as adjusted | 2,244 | 365 |  | 5,372 | (275) |
Special items net charges | 0 | (108) |  | 0 | (117) |
EBIT | 2,244 | 473 |  | 5,372 | (158) |
Total assets | 270,560 | 319,965 |  | 270,560 | 319,965 |
South America Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 37,907 | 39,051 |  | 75,337 | 83,044 |
Inter-segment sales | 118 | 35 |  | 118 | 64 |
Total | 38,025 | 39,086 |  | 75,455 | 83,108 |
EBIT, as adjusted | 1,378 | 4,995 |  | 4,528 | 16,760 |
Special items net charges | 0 | 3,468 |  | 0 | 21,133 |
EBIT | 1,378 | 1,527 |  | 4,528 | (4,373) |
Total assets | 132,849 | 149,430 |  | 132,849 | 149,430 |
The Harris Products Group |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 71,812 | 77,419 |  | 141,628 | 149,890 |
Inter-segment sales | 2,716 | 2,262 |  | 4,727 | 4,380 |
Total | 74,528 | 79,681 |  | 146,355 | 154,270 |
EBIT, as adjusted | 8,250 | 7,178 |  | 15,799 | 13,236 |
Special items net charges | 0 | 0 |  | 0 | 0 |
EBIT | 8,250 | 7,178 |  | 15,799 | 13,236 |
Total assets | 149,983 | 172,781 |  | 149,983 | 172,781 |
Corporate / Eliminations |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 0 | 0 |  | 0 | 0 |
Inter-segment sales | (35,874) | (44,751) |  | (70,877) | (90,150) |
Total | (35,874) | (44,751) |  | (70,877) | (90,150) |
EBIT, as adjusted | 475 | 600 |  | 674 | 3,491 |
Special items net charges | 0 | 0 |  | 0 | 0 |
EBIT | 475 | 600 |  | 674 | 3,491 |
Total assets | $ (102,215) | $ (66,453) |  | $ (102,215) | $ (66,453) |

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