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ACQUISITIONS Acquisitions (Tables)
 9 Months Ended
Sep. 30, 2017
Business Combinations [Abstract]  
Business Combination [Table Text Block]
The following table summarizes the preliminary purchase price allocation for the Air Liquide Welding acquisition:
Assets acquired and liabilities assumed
 
As of July 31, 2017
Accounts receivable
 
$
89,710

Inventory (1)
 
98,529

Property, plant and equipment (2)
 
79,619

Intangible assets (3)
 
11,715

Accounts payable
 
(66,959
)
Pension liability
 
(67,563
)
Bargain purchase gain
 
(51,585
)
Net other assets and liabilities (4)
 
(20,998
)
Total purchase price, net of cash acquired
 
$
72,468

(1)
A portion of inventories acquired were sold in the third quarter of 2017 resulting in a $2,314 increase in cost of sales for the amortization of step up in the value of acquired inventories. 
(2)
Property, plant and equipment acquired includes a number of manufacturing and distribution sites, including the related facilities, land and leased sites, and machinery and equipment for use in manufacturing operations.
(3)
$7,099 of the intangible asset balance was assigned to a trade name expected to have an indefinite life. Of the remaining amount, $1,183 was assigned to a finite-lived trade name (10 year weighted average useful life) and $3,433 was assigned to other intangible assets (9 year weighted average life).     
(4)
Consists primarily of other accrued liabilities.