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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2015 | Sep. 30, 2015 | Jun. 30, 2015 | Mar. 31, 2015 | Dec. 31, 2014 | Sep. 30, 2014 | Jun. 30, 2014 | Mar. 31, 2014 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2013
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales | $ 567,985 | $ 645,166 | $ 664,740 | $ 657,900 | $ 683,954 | $ 715,777 | $ 728,531 | $ 685,062 | $ 2,535,791 | $ 2,813,324 | $ 2,852,671
Revenue from Related Parties |  |  |  |  |  |  |  |  | 0 | 0 | 0
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | 2,535,791 | 2,813,324 | 2,852,671
EBIT, as adjusted |  |  |  |  |  |  |  |  | 378,807 | 434,340 | 437,351
Special items charge (Gain) |  |  |  |  |  |  |  |  | 189,910 | 51,186 | 21,366
EBIT |  |  |  |  |  |  |  |  | 188,897 | 383,154 | 415,985
Interest income |  |  |  |  |  |  |  |  | 2,714 | 3,093 | 3,320
Interest expense |  |  |  |  |  |  |  |  | (21,824) | (10,434) | (2,864)
Income before income taxes | 71,172 | (88,526) | $ 94,434 | $ 92,707 | 100,736 | $ 77,785 | $ 114,866 | $ 82,426 | 169,787 | 375,813 | 416,441
Total assets | 1,784,171 |  |  |  | 1,939,215 |  |  |  | 1,784,171 | 1,939,215 | 2,151,867
Equity investments in affiliates | 27,241 |  |  |  | 27,481 |  |  |  | 27,241 | 27,481 | 26,618
Capital expenditures |  |  |  |  |  |  |  |  | 50,507 | 72,990 | 76,015
Depreciation and amortization |  |  |  |  |  |  |  |  | 64,007 | 69,607 | 68,883
North America Welding |  |  |  |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  | 1,610,357 | 1,700,924 | 1,652,769
Revenue from Related Parties |  |  |  |  |  |  |  |  | 100,770 | 124,732 | 127,254
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | 1,711,127 | 1,825,656 | 1,780,023
EBIT, as adjusted |  |  |  |  |  |  |  |  | 306,746 | 335,465 | 318,507
Special items charge (Gain) |  |  |  |  |  |  |  |  | 155,757 | (68) | 1,052
EBIT |  |  |  |  |  |  |  |  | 150,989 | 335,533 | 317,455
Total assets | 1,101,056 |  |  |  | 1,111,065 |  |  |  | 1,101,056 | 1,111,065 | 1,048,412
Equity investments in affiliates | 0 |  |  |  | 0 |  |  |  | 0 | 0 | 0
Capital expenditures |  |  |  |  |  |  |  |  | 31,578 | 51,691 | 41,181
Depreciation and amortization |  |  |  |  |  |  |  |  | 44,344 | 43,659 | 39,086
Europe Welding |  |  |  |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  | 336,824 | 425,775 | 429,548
Revenue from Related Parties |  |  |  |  |  |  |  |  | 15,922 | 19,586 | 19,911
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | 352,746 | 445,361 | 449,459
EBIT, as adjusted |  |  |  |  |  |  |  |  | 31,317 | 48,822 | 36,247
Special items charge (Gain) |  |  |  |  |  |  |  |  | 1,507 | 904 | 2,045
EBIT |  |  |  |  |  |  |  |  | 29,810 | 47,918 | 34,202
Total assets | 298,825 |  |  |  | 359,337 |  |  |  | 298,825 | 359,337 | 403,094
Equity investments in affiliates | 23,450 |  |  |  | 23,902 |  |  |  | 23,450 | 23,902 | 23,315
Capital expenditures |  |  |  |  |  |  |  |  | 6,508 | 5,619 | 10,305
Depreciation and amortization |  |  |  |  |  |  |  |  | 8,296 | 10,823 | 10,933
Asia Pacific Welding |  |  |  |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  | 186,615 | 243,800 | 266,282
Revenue from Related Parties |  |  |  |  |  |  |  |  | 10,510 | 14,820 | 14,906
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | 197,125 | 258,620 | 281,188
EBIT, as adjusted |  |  |  |  |  |  |  |  | 7,392 | 1,321 | 1,815
Special items charge (Gain) |  |  |  |  |  |  |  |  | 5,432 | 28,635 | 6,071
EBIT |  |  |  |  |  |  |  |  | 1,960 | (27,314) | (4,256)
Total assets | 239,382 |  |  |  | 284,573 |  |  |  | 239,382 | 284,573 | 325,656
Equity investments in affiliates | 0 |  |  |  | 0 |  |  |  | 0 | 0 | 0
Capital expenditures |  |  |  |  |  |  |  |  | 5,480 | 3,959 | 2,073
Depreciation and amortization |  |  |  |  |  |  |  |  | 7,026 | 9,799 | 13,559
South America Welding |  |  |  |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  | 138,014 | 148,595 | 195,895
Revenue from Related Parties |  |  |  |  |  |  |  |  | 174 | 144 | 233
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | 138,188 | 148,739 | 196,128
EBIT, as adjusted |  |  |  |  |  |  |  |  | 5,569 | 15,953 | 57,306
Special items charge (Gain) |  | $ 26,506 |  |  |  |  |  |  | 27,214 | 21,715 | 12,198
EBIT |  |  |  |  |  |  |  |  | (21,645) | (5,762) | 45,108
Total assets | 82,575 |  |  |  | 138,114 |  |  |  | 82,575 | 138,114 | 169,027
Equity investments in affiliates | 3,791 |  |  |  | 3,579 |  |  |  | 3,791 | 3,579 | 3,303
Capital expenditures |  |  |  |  |  |  |  |  | 4,214 | 10,896 | 20,840
Depreciation and amortization |  |  |  |  |  |  |  |  | 1,765 | 2,085 | 1,893
The Harris Products Group |  |  |  |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  | 263,981 | 294,230 | 308,177
Revenue from Related Parties |  |  |  |  |  |  |  |  | 9,312 | 8,210 | 9,605
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | 273,293 | 302,440 | 317,782
EBIT, as adjusted |  |  |  |  |  |  |  |  | 27,882 | 28,563 | 27,826
Special items charge (Gain) |  |  |  |  |  |  |  |  | 0 | 0 | 0
EBIT |  |  |  |  |  |  |  |  | 27,882 | 28,563 | 27,826
Total assets | 143,905 |  |  |  | 147,990 |  |  |  | 143,905 | 147,990 | 162,496
Equity investments in affiliates | 0 |  |  |  | 0 |  |  |  | 0 | 0 | 0
Capital expenditures |  |  |  |  |  |  |  |  | 2,727 | 825 | 3,931
Depreciation and amortization |  |  |  |  |  |  |  |  | 2,596 | 3,512 | 3,636
Corporate / Eliminations |  |  |  |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |  |  |  |
Net sales |  |  |  |  |  |  |  |  | 0 | 0 | 0
Revenue from Related Parties |  |  |  |  |  |  |  |  | (136,688) | (167,492) | (171,909)
Segment, including Inter-segment, sales |  |  |  |  |  |  |  |  | (136,688) | (167,492) | (171,909)
EBIT, as adjusted |  |  |  |  |  |  |  |  | (99) | 4,216 | (4,350)
Special items charge (Gain) |  |  |  |  |  |  |  |  | 0 | 0 | 0
EBIT |  |  |  |  |  |  |  |  | (99) | 4,216 | (4,350)
Total assets | (81,572) |  |  |  | (101,864) |  |  |  | (81,572) | (101,864) | 43,182
Equity investments in affiliates | $ 0 |  |  |  | $ 0 |  |  |  | 0 | 0 | 0
Capital expenditures |  |  |  |  |  |  |  |  | 0 | 0 | (2,315)
Depreciation and amortization |  |  |  |  |  |  |  |  | $ (20) | $ (271) | $ (224)

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