XML 61 R26.htm IDEA: XBRL DOCUMENT v3.3.0.814
SEGMENT INFORMATION (Tables)
 9 Months Ended
Sep. 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 September 30, 2015
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
408,416

 
$
80,596

 
$
45,505

 
$
47,727

 
$
62,922

 
$
—

 
$
645,166

Inter-segment sales
28,055

 
4,631

 
2,794

 
36

 
2,307

 
(37,823
)
 
—

Total
$
436,471

 
$
85,227

 
$
48,299

 
$
47,763

 
$
65,229

 
$
(37,823
)
 
$
645,166

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
79,743

 
$
8,337

 
$
2,006

 
$
1,845

 
$
6,422

 
$
(646
)
 
$
97,707

Special items charge (gain)
149,404

 
268

 
4,944

 
26,506

 
—

 
—

 
181,122

EBIT
$
(69,661
)
 
$
8,069

 
$
(2,938
)
 
$
(24,661
)
 
$
6,422

 
$
(646
)
 
$
(83,415
)
Interest income
 

 
 

 
 

 
 

 
 

 
 

 
692

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(5,803
)
Income (loss) before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
(88,526
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended September 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
439,621

 
$
107,507

 
$
57,404

 
$
32,862

 
$
78,383

 
$
—

 
$
715,777

Inter-segment sales
30,365

 
4,533

 
3,595

 
9

 
2,009

 
(40,511
)
 
—

Total
$
469,986

 
$
112,040

 
$
60,999

 
$
32,871

 
$
80,392

 
$
(40,511
)
 
$
715,777

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
84,450

 
$
15,221

 
$
(304
)
 
$
(590
)
 
$
8,947

 
$
(324
)
 
$
107,400

Special items charge (gain)
—

 
(81
)
 
28,567

 
582

 
—

 
—

 
29,068

EBIT
$
84,450

 
$
15,302

 
$
(28,871
)
 
$
(1,172
)
 
$
8,947

 
$
(324
)
 
$
78,332

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
627

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(1,174
)
Income (loss) before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
77,785

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended September 30, 2015
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
1,236,479

 
$
259,915

 
$
143,798

 
$
123,064

 
$
204,550

 
$
—

 
$
1,967,806

Inter-segment sales
79,797

 
12,687

 
9,028

 
154

 
7,034

 
(108,700
)
 
—

Total
$
1,316,276

 
$
272,602

 
$
152,826

 
$
123,218

 
$
211,584

 
$
(108,700
)
 
$
1,967,806

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
228,421

 
$
26,566

 
$
7,378

 
$
6,373

 
$
22,221

 
$
28

 
$
290,987

Special items charge (gain)
149,404

 
1,507

 
4,944

 
26,506

 
—

 
—

 
182,361

EBIT
$
79,017

 
$
25,059

 
$
2,434

 
$
(20,133
)
 
$
22,221

 
$
28

 
$
108,626

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
2,023

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(12,034
)
Income (loss) before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
98,615

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,139,513

 
$
325,477

 
$
267,507

 
$
85,755

 
$
145,436

 
$
(35,597
)
 
$
1,928,091

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine months ended September 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
1,271,017

 
$
328,487

 
$
185,687

 
$
115,906

 
$
228,273

 
$
—

 
$
2,129,370

Inter-segment sales
96,668

 
15,887

 
11,644

 
73

 
6,389

 
(130,661
)
 
—

Total
$
1,367,685

 
$
344,374

 
$
197,331

 
$
115,979

 
$
234,662

 
$
(130,661
)
 
$
2,129,370

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
247,009

 
$
39,412

 
$
(579
)
 
$
16,170

 
$
22,183

 
$
3,167

 
$
327,362

Special items charge (gain)
(68
)
 
923

 
28,450

 
21,715

 
—

 
—

 
51,020

EBIT
$
247,077

 
$
38,489

 
$
(29,029
)
 
$
(5,545
)
 
$
22,183

 
$
3,167

 
$
276,342

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
2,465

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(3,730
)
Income (loss) before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
275,077

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,205,179

 
$
389,122

 
$
285,626

 
$
139,908

 
$
161,069

 
$
(68,385
)
 
$
2,112,519