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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2015
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 June 30, 2015
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
415,075

 
$
90,903

 
$
49,043

 
$
37,907

 
$
71,812

 
$
—

 
$
664,740

Inter-segment sales
25,613

 
4,463

 
2,964

 
118

 
2,716

 
(35,874
)
 
—

Total
$
440,688

 
$
95,366

 
$
52,007

 
$
38,025

 
$
74,528

 
$
(35,874
)
 
$
664,740

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
77,494

 
$
9,481

 
$
2,244

 
$
1,378

 
$
8,250

 
$
475

 
$
99,322

Special items charge (gain)
—

 
1,239

 
—

 
—

 
—

 
—

 
1,239

EBIT
$
77,494

 
$
8,242

 
$
2,244

 
$
1,378

 
$
8,250

 
$
475

 
$
98,083

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
738

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(4,387
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
94,434

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
429,490

 
$
115,574

 
$
66,997

 
$
39,051

 
$
77,419

 
$
—

 
$
728,531

Inter-segment sales
33,360

 
5,494

 
3,600

 
35

 
2,262

 
(44,751
)
 
—

Total
$
462,850

 
$
121,068

 
$
70,597

 
$
39,086

 
$
79,681

 
$
(44,751
)
 
$
728,531

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
91,195

 
$
14,899

 
$
365

 
$
4,995

 
$
7,178

 
$
600

 
$
119,232

Special items charge (gain)
(21
)
 
965

 
(108
)
 
3,468

 
—

 
—

 
4,304

EBIT
$
91,216

 
$
13,934

 
$
473

 
$
1,527

 
$
7,178

 
$
600

 
$
114,928

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
924

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(986
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
114,866

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2015
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
828,063

 
$
179,319

 
$
98,293

 
$
75,337

 
$
141,628

 
$
—

 
$
1,322,640

Inter-segment sales
51,742

 
8,056

 
6,234

 
118

 
4,727

 
(70,877
)
 
—

Total
$
879,805

 
$
187,375

 
$
104,527

 
$
75,455

 
$
146,355

 
$
(70,877
)
 
$
1,322,640

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
148,678

 
$
18,229

 
$
5,372

 
$
4,528

 
$
15,799

 
$
674

 
$
193,280

Special items charge (gain)
—

 
1,239

 
—

 
—

 
—

 
—

 
1,239

EBIT
$
148,678

 
$
16,990

 
$
5,372

 
$
4,528

 
$
15,799

 
$
674

 
$
192,041

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,331

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(6,231
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
187,141

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,143,024

 
$
355,965

 
$
270,560

 
$
132,849

 
$
149,983

 
$
(102,215
)
 
$
1,950,166

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
831,396

 
$
220,980

 
$
128,283

 
$
83,044

 
$
149,890

 
$
—

 
$
1,413,593

Inter-segment sales
66,303

 
11,354

 
8,049

 
64

 
4,380

 
(90,150
)
 
—

Total
$
897,699

 
$
232,334

 
$
136,332

 
$
83,108

 
$
154,270

 
$
(90,150
)
 
$
1,413,593

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
162,559

 
$
24,191

 
$
(275
)
 
$
16,760

 
$
13,236

 
$
3,491

 
$
219,962

Special items charge (gain)
(68
)
 
1,004

 
(117
)
 
21,133

 
—

 
—

 
21,952

EBIT
$
162,627

 
$
23,187

 
$
(158
)
 
$
(4,373
)
 
$
13,236

 
$
3,491

 
$
198,010

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,838

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(2,556
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
197,292

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,150,833

 
$
418,283

 
$
319,965

 
$
149,430

 
$
172,781

 
$
(66,453
)
 
$
2,144,839