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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
USD ($)
Sep. 30, 2016
USD ($)
Sep. 30, 2017
USD ($)
segment
Sep. 30, 2016
USD ($)
Financial information for the reportable segments        
Number of operating segments | segment     3  
Net sales $ 669,491 $ 567,646 $ 1,877,246 $ 1,710,786
Inter-segment sales 0 0 0 0
Total 669,491 567,646 1,877,246 1,710,786
EBIT, as adjusted 94,522 83,751 274,890 244,187
Special items charge (gain) (40,715) 0 (32,602) 34,348
EBIT 135,237 83,751 307,492 209,839
Interest income 1,327 360 3,349 1,225
Interest expense (5,922) (3,815) (18,333) (11,828)
Income before income taxes 130,642 80,296 292,508 199,236
The Harris Products Group        
Financial information for the reportable segments        
Net sales 73,585 70,562 222,483 209,202
Inter-segment sales 2,064 1,856 6,763 6,983
Total 75,649 72,418 229,246 216,185
EBIT, as adjusted 9,244 8,757 27,491 25,752
Special items charge (gain) 0 0 0 0
EBIT 9,244 8,757 27,491 25,752
Corporate / Eliminations        
Financial information for the reportable segments        
Net sales 0 0 0 0
Inter-segment sales (33,061) (27,930) (97,357) (88,611)
Total (33,061) (27,930) (97,357) (88,611)
EBIT, as adjusted 570 913 369 1,812
Special items charge (gain) [1] (48,312) 0 (40,199) 34,348
EBIT 48,882 913 40,568 (32,536)
Americas Welding        
Financial information for the reportable segments        
Net sales 398,289 377,520 1,186,760 1,124,900
Inter-segment sales 25,546 22,386 75,380 69,673
Total 423,835 399,906 1,262,140 1,194,573
EBIT, as adjusted 74,096 68,285 217,317 194,924
Special items charge (gain) [1] 5,283 0 5,283 0
EBIT 68,813 68,285 212,034 194,924
International Welding        
Financial information for the reportable segments        
Net sales 197,617 119,564 468,003 376,684
Inter-segment sales 5,451 3,688 15,214 11,955
Total 203,068 123,252 483,217 388,639
EBIT, as adjusted 10,612 5,796 29,713 21,699
Special items charge (gain) [1] 2,314 0 2,314 0
EBIT $ 8,298 $ 5,796 $ 27,399 $ 21,699
[1] (1) In the three and nine months ended September 30, 2017, special items reflect pension settlement charges in Americas Welding, amortization of step up in value of acquired inventories in International Welding and transaction and integration costs offset by a bargain purchase gain in Corporate / Eliminations related to the Air Liquide Welding acquisition as discussed in Note 3. In the nine months ended September 30, 2016, special items in Corporate / Eliminations reflect a loss on the deconsolidation of the Venezuelan subsidiary.