XML 74 R53.htm IDEA: XBRL DOCUMENT v3.8.0.1
GOODWILL AND INTANGIBLES (Changes in Carrying Amount of Goodwill by Reportable Segment) (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Changes in the carrying amount of goodwill by reportable segment    
Balance at the beginning of the period $ 231,919 $ 187,504
Additions and adjustments [1] (377) 42,886 [2]
Impairment charge [3] (1,091)  
Foreign currency translation 4,131 1,529
Balance at the end of the period 234,582 231,919
Americas Welding [Member]    
Changes in the carrying amount of goodwill by reportable segment    
Balance at the beginning of the period 196,378 152,335
Additions and adjustments [1] (76) 43,217 [2]
Impairment charge [3] (1,091)  
Foreign currency translation 2,048 826
Balance at the end of the period 197,259 196,378
International Welding [Member]    
Changes in the carrying amount of goodwill by reportable segment    
Balance at the beginning of the period 23,664 23,345
Additions and adjustments [1] 0 (30) [2]
Foreign currency translation 2,003 349
Balance at the end of the period 25,667 23,664
The Harris Products Group    
Changes in the carrying amount of goodwill by reportable segment    
Balance at the beginning of the period 11,877 11,824
Additions and adjustments [1] (301) (301) [2]
Impairment charge [3] 0  
Foreign currency translation 80 354
Balance at the end of the period $ 11,656 $ 11,877
[1] Adjustments to Harris Products Group include the tax benefit attributable to the amortization of tax deductible goodwill in excess of goodwill recorded for financial reporting purposes.
[2] Additions to Americas Welding reflect goodwill recognized in the acquisition of Vizient in 2016.
[3] The Company performed an interim goodwill impairment test, using a combination of income and market valuation approaches, resulting in a non-cash impairment charge to the carrying value of goodwill. The impairment charge is recorded within Rationalization and asset impairment charges in the accompanying Consolidated Statements of Income.