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SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2017
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
Financial information for the reportable segments follows:
 
Americas Welding
 
International Welding
 
The Harris
Products
Group
 
Corporate /
Eliminations (1)
 
Consolidated
Three Months Ended March 31, 2017
 

 
 

 
 

 
 

 
 

Net sales
$
383,324

 
$
128,888

 
$
68,685

 
$
—

 
$
580,897

Inter-segment sales
22,460

 
4,285

 
2,300

 
(29,045
)
 
—

Total
$
405,784

 
$
133,173

 
$
70,985

 
$
(29,045
)
 
$
580,897

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
68,723

 
$
9,605

 
$
8,460

 
$
64

 
$
86,852

Special items charge
—

 
—

 
—

 
3,615

 
3,615

EBIT
$
68,723

 
$
9,605

 
$
8,460

 
$
(3,551
)
 
$
83,237

Interest income
 

 
 

 
 

 
 

 
777

Interest expense
 

 
 

 
 

 
 
 
(6,114
)
Income before income taxes
 

 
 

 
 

 
 

 
$
77,900

 
 
 
 
 
 
 
 
 
 
Three months ended March 31, 2016
 

 
 

 
 

 
 

 
 

Net sales
$
359,008

 
$
124,305

 
$
67,409

 
$
—

 
$
550,722

Inter-segment sales
23,831

 
4,426

 
2,303

 
(30,560
)
 
—

Total
$
382,839

 
$
128,731

 
$
69,712

 
$
(30,560
)
 
$
550,722

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
61,438

 
$
6,233

 
$
7,711

 
$
1,197

 
$
76,579

Special items charge
—

 
—

 
—

 
—

 
—

EBIT
$
61,438

 
$
6,233

 
$
7,711

 
$
1,197

 
$
76,579

Interest income
 

 
 

 
 

 
 

 
430

Interest expense
 

 
 

 
 

 
 

 
(3,827
)
Income before income taxes
 

 
 

 
 

 
 

 
$
73,182

 
 
 
 
 
 
 
 
 
 

(1) In the three months ended March 31, 2017, special items in Corporate / Eliminations reflect transaction costs related to the proposed acquisition as discussed in Note 3.