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v3.3.0.814

SEGMENT INFORMATION (Details) $ in Thousands | 3 Months Ended | 9 Months Ended |
--- | --- | --- | ---
Sep. 30, 2015 USD ($) | Sep. 30, 2014 USD ($) | Mar. 31, 2014 USD ($) | Sep. 30, 2015 USD ($) segment | Sep. 30, 2014 USD ($) | Dec. 31, 2014 USD ($)
Financial information for the reportable segments |  |  |  |  |  |
Net sales | $ 645,166 | $ 715,777 |  | $ 1,967,806 | $ 2,129,370 |
Inter-segment sales | 0 | 0 |  | 0 | 0 |
Total | 645,166 | 715,777 |  | 1,967,806 | 2,129,370 |
EBIT, as adjusted | 97,707 | 107,400 |  | 290,987 | 327,362 |
Special items net charges | 181,122 | 29,068 |  | 182,361 | 51,020 |
Foreign Currency Transaction Loss, before Tax | 4,334 |  | $ 17,665 |  |  |
EBIT | (83,415) | 78,332 |  | 108,626 | 276,342 |
Interest income | 692 | 627 |  | 2,023 | 2,465 |
Interest expense | (5,803) | (1,174) |  | (12,034) | (3,730) |
Income (loss) before income taxes | (88,526) | 77,785 |  | 98,615 | 275,077 |
Total assets | 1,928,091 | 2,112,519 |  | $ 1,928,091 | 2,112,519 | $ 1,939,215
Special items |  |  |  |  |  |
Number of operating segments | segment |  |  |  | 5 |  |
North America Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 408,416 | 439,621 |  | $ 1,236,479 | 1,271,017 |
Inter-segment sales | 28,055 | 30,365 |  | 79,797 | 96,668 |
Total | 436,471 | 469,986 |  | 1,316,276 | 1,367,685 |
EBIT, as adjusted | 79,743 | 84,450 |  | 228,421 | 247,009 |
Special items net charges | 149,404 | 0 |  | 149,404 | (68) |
EBIT | (69,661) | 84,450 |  | 79,017 | 247,077 |
Total assets | 1,139,513 | 1,205,179 |  | 1,139,513 | 1,205,179 |
Europe Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 80,596 | 107,507 |  | 259,915 | 328,487 |
Inter-segment sales | 4,631 | 4,533 |  | 12,687 | 15,887 |
Total | 85,227 | 112,040 |  | 272,602 | 344,374 |
EBIT, as adjusted | 8,337 | 15,221 |  | 26,566 | 39,412 |
Special items net charges | 268 | (81) |  | 1,507 | 923 |
EBIT | 8,069 | 15,302 |  | 25,059 | 38,489 |
Total assets | 325,477 | 389,122 |  | 325,477 | 389,122 |
Asia Pacific Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 45,505 | 57,404 |  | 143,798 | 185,687 |
Inter-segment sales | 2,794 | 3,595 |  | 9,028 | 11,644 |
Total | 48,299 | 60,999 |  | 152,826 | 197,331 |
EBIT, as adjusted | 2,006 | (304) |  | 7,378 | (579) |
Special items net charges | 4,944 | 28,567 |  | 4,944 | 28,450 |
EBIT | (2,938) | (28,871) |  | 2,434 | (29,029) |
Total assets | 267,507 | 285,626 |  | 267,507 | 285,626 |
South America Welding |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 47,727 | 32,862 |  | 123,064 | 115,906 |
Inter-segment sales | 36 | 9 |  | 154 | 73 |
Total | 47,763 | 32,871 |  | 123,218 | 115,979 |
EBIT, as adjusted | 1,845 | (590) |  | 6,373 | 16,170 |
Special items net charges | 26,506 | 582 |  | 26,506 | 21,715 |
EBIT | (24,661) | (1,172) |  | (20,133) | (5,545) |
Total assets | 85,755 | 139,908 |  | 85,755 | 139,908 |
The Harris Products Group |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 62,922 | 78,383 |  | 204,550 | 228,273 |
Inter-segment sales | 2,307 | 2,009 |  | 7,034 | 6,389 |
Total | 65,229 | 80,392 |  | 211,584 | 234,662 |
EBIT, as adjusted | 6,422 | 8,947 |  | 22,221 | 22,183 |
Special items net charges | 0 | 0 |  | 0 | 0 |
EBIT | 6,422 | 8,947 |  | 22,221 | 22,183 |
Total assets | 145,436 | 161,069 |  | 145,436 | 161,069 |
Corporate / Eliminations |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |
Net sales | 0 | 0 |  | 0 | 0 |
Inter-segment sales | (37,823) | (40,511) |  | (108,700) | (130,661) |
Total | (37,823) | (40,511) |  | (108,700) | (130,661) |
EBIT, as adjusted | (646) | (324) |  | 28 | 3,167 |
Special items net charges | 0 | 0 |  | 0 | 0 |
EBIT | (646) | (324) |  | 28 | 3,167 |
Total assets | $ (35,597) | $ (68,385) |  | $ (35,597) | $ (68,385) |

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