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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2017
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
Financial information for the reportable segments follows:
 
Americas Welding (1)
 
International Welding (2)
 
The Harris
Products
Group
 
Corporate /
Eliminations (3)
 
Consolidated
For the Year Ended
   December 31, 2017
 
 
 
 
 
 
 
 
 
Net sales
$
1,609,779

 
$
724,024

 
$
290,628

 
$
—

 
$
2,624,431

Inter-segment sales
97,382

 
18,860

 
8,190

 
(124,432
)
 
$
—

Total
$
1,707,161

 
$
742,884

 
$
298,818

 
$
(124,432
)
 
$
2,624,431

Adjusted EBIT
$
291,866

 
$
41,721

 
$
36,442

 
$
309

 
$
370,338

Special items charge (gain)
9,242

 
10,076

 
—

 
(34,648
)
 
$
(15,330
)
EBIT
$
282,624

 
$
31,645

 
$
36,442

 
$
34,957

 
$
385,668

Interest income
 
 
 
 
 
 
 
 
4,788

Interest expense
 
 
 
 
 
 
 
 
(24,220
)
Income before income taxes
 
 
 
 
 
 
 
 
$
366,236

 
 
 
 
 
 
 
 
 
 
Total assets
$
1,253,411

 
$
919,995

 
$
175,151

 
$
57,990

 
$
2,406,547

Equity investments in affiliates
4,037

 
24,489

 
—

 
—

 
$
28,526

Capital expenditures
43,158

 
14,549

 
3,949

 
—

 
$
61,656

Depreciation and amortization
47,038

 
18,364

 
2,885

 
(172
)
 
$
68,115

For the Year Ended
   December 31, 2016
 
 
 
 
 
 
 
 
 
Net sales
$
1,494,982

 
$
507,289

 
$
272,343

 
$
—

 
$
2,274,614

Inter-segment sales
93,612

 
15,975

 
8,709

 
(118,296
)
 
$
—

Total
$
1,588,594

 
$
523,264

 
$
281,052

 
$
(118,296
)
 
$
2,274,614

Adjusted EBIT
$
266,633

 
$
29,146

 
$
32,380

 
$
564

 
$
328,723

Special items charge
—

 
—

 
—

 
34,348

 
$
34,348

EBIT
$
266,633

 
$
29,146

 
$
32,380

 
$
(33,784
)
 
$
294,375

Interest income
 
 
 
 
 
 
 
 
2,092

Interest expense
 
 
 
 
 
 
 
 
(19,079
)
Income before income taxes
 
 
 
 
 
 
 
 
$
277,388

 
 
 
 
 
 
 
 
 
 
Total assets
$
1,278,417

 
$
529,223

 
$
161,391

 
$
(25,594
)
 
$
1,943,437

Equity investments in affiliates
3,946

 
23,355

 
—

 
—

 
$
27,301

Capital expenditures
35,314

 
12,354

 
2,209

 
—

 
$
49,877

Depreciation and amortization
47,359

 
15,063

 
2,860

 
(209
)
 
$
65,073

For the Year Ended
   December 31, 2015
 
 
 
 
 
 
 
 
 
Net sales
$
1,741,350

 
$
530,460

 
$
263,981

 
$
—

 
$
2,535,791

Inter-segment sales
92,538

 
18,747

 
9,312

 
(120,597
)
 
$
—

Total
$
1,833,888

 
$
549,207

 
$
273,293

 
$
(120,597
)
 
$
2,535,791

Adjusted EBIT
$
316,689

 
$
34,511

 
$
27,882

 
$
(275
)
 
$
378,807

Special items charge
173,239

 
16,671

 
—

 
—

 
$
189,910

EBIT
$
143,450

 
$
17,840

 
$
27,882

 
$
(275
)
 
$
188,897

Interest income
 
 
 
 
 
 
 
 
2,714

Interest expense
 
 
 
 
 
 
 
 
(21,824
)
Income before income taxes
 
 
 
 
 
 
 
 
$
169,787

 
 
 
 
 
 
 
 
 
 
Total assets
$
1,165,817

 
$
543,254

 
$
143,905

 
$
(68,805
)
 
$
1,784,171

Equity investments in affiliates
3,791

 
23,450

 
—

 
—

 
$
27,241

Capital expenditures
35,721

 
12,059

 
2,727

 
—

 
$
50,507

Depreciation and amortization
45,447

 
15,776

 
2,978

 
(194
)
 
$
64,007
Schedule of geographical split of the Company's net sales, based on the location of the customers, and property plant equipment
The geographic split of the Company's Net sales, based on the location of the customer, and property, plant and equipment were as follows:
 
 
Year Ended December 31,
 
 
2017
 
2016
 
2015
Net sales:
 
 
 
 
 
 
United States
 
$
1,388,816

 
$
1,308,635

 
$
1,387,882

Foreign countries
 
1,235,615

 
965,979

 
1,147,909

Total
 
$
2,624,431

 
$
2,274,614

 
$
2,535,791

 
 
December 31,
 
 
2017
 
2016
 
2015
Property, plant and equipment, net:
 
 
 
 
 
 
United States
 
$
194,491

 
$
176,041

 
$
173,974

Foreign countries
 
282,931

 
196,679

 
237,718

Eliminations
 
(391
)
 
(343
)
 
(369
)
Total
 
$
477,031

 
$
372,377

 
$
411,323