XML 47 R36.htm IDEA: XBRL DOCUMENT v3.5.0.2
SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
segment
Sep. 30, 2015
USD ($)
Financial information for the reportable segments        
Number of operating segments | segment     3  
Net sales $ 567,646 $ 645,166 $ 1,710,786 $ 1,967,806
Inter-segment sales 0 0 0 0
Total 567,646 645,166 1,710,786 1,967,806
EBIT, as adjusted 83,751 97,707 244,187 290,987
Special items net charges 0 181,122 34,348 182,361
EBIT 83,751 (83,415) 209,839 108,626
Interest income 360 692 1,225 2,023
Interest expense (3,815) (5,803) (11,828) (12,034)
Income (loss) before income taxes 80,296 (88,526) 199,236 98,615
The Harris Products Group        
Financial information for the reportable segments        
Net sales 70,562 62,922 209,202 204,550
Inter-segment sales 1,856 2,307 6,983 7,034
Total 72,418 65,229 216,185 211,584
EBIT, as adjusted 8,757 6,422 25,752 22,221
Special items net charges 0 0 0 0
EBIT 8,757 6,422 25,752 22,221
Corporate / Eliminations        
Financial information for the reportable segments        
Net sales 0 0 0 0
Inter-segment sales (27,930) (33,278) (88,611) (95,268)
Total (27,930) (33,278) (88,611) (95,268)
EBIT, as adjusted 913 (748) 1,812 (54)
Special items net charges 0 0 34,348 0
EBIT 913 (748) (32,536) (54)
Americas Welding        
Financial information for the reportable segments        
Net sales 377,520 454,172 1,124,900 1,354,010
Inter-segment sales 22,386 25,571 69,673 72,496
Total 399,906 479,743 1,194,573 1,426,506
EBIT, as adjusted 68,285 82,765 194,924 237,601
Special items net charges 0 166,178 0 166,178
EBIT 68,285 (83,413) 194,924 71,423
International Welding        
Financial information for the reportable segments        
Net sales 119,564 128,072 376,684 409,246
Inter-segment sales 3,688 5,400 11,955 15,738
Total 123,252 133,472 388,639 424,984
EBIT, as adjusted 5,796 9,268 21,699 31,219
Special items net charges 0 14,944 0 16,183
EBIT $ 5,796 $ (5,676) $ 21,699 $ 15,036