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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2016
Sep. 30, 2016
Jun. 30, 2016
Mar. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Financial information for the reportable segments                      
Net sales $ 747,185 $ 669,491 $ 626,858 $ 580,897 $ 563,828 $ 567,646 $ 592,418 $ 550,772 $ 2,624,431 $ 2,274,614 $ 2,535,791
Revenue from Related Parties                 0 0 0
Segment, including Inter-segment, sales                 2,624,431 2,274,614 2,535,791
EBIT, as adjusted                 370,338 328,723 378,807
Special items charge (Gain)                 (15,330) 34,348 189,910
EBIT                 385,668 294,375 188,897
Interest income                 4,788 2,092 2,714
Interest expense                 (24,220) (19,079) (21,824)
Income before income taxes 73,728 [1] $ 130,642 [2] $ 83,966 [3] $ 77,900 [4] 78,152 [1] $ 80,296 [2] $ 45,758 [3] $ 73,182 [4] 366,236 277,388 169,787
Total assets 2,406,547       1,943,437       2,406,547 1,943,437 1,784,171
Equity investments in affiliates 28,526       27,301       28,526 27,301 27,241
Capital expenditures                 61,656 49,877 50,507
Depreciation and amortization                 68,115 65,073 64,007
The Harris Products Group                      
Financial information for the reportable segments                      
Net sales                 290,628 272,343 263,981
Revenue from Related Parties                 8,190 8,709 9,312
Segment, including Inter-segment, sales                 298,818 281,052 273,293
EBIT, as adjusted                 36,442 32,380 27,882
Special items charge (Gain)                 0 0 0
EBIT                 36,442 32,380 27,882
Total assets 175,151       161,391       175,151 161,391 143,905
Equity investments in affiliates 0       0       0 0 0
Capital expenditures                 3,949 2,209 2,727
Depreciation and amortization                 2,885 2,860 2,978
Corporate / Eliminations                      
Financial information for the reportable segments                      
Net sales                 0 0 0
Revenue from Related Parties                 (124,432) (118,296) (120,597)
Segment, including Inter-segment, sales                 (124,432) (118,296) (120,597)
EBIT, as adjusted                 309 564 (275)
Special items charge (Gain) [5]                 (34,648) 34,348 0
EBIT                 34,957 (33,784) (275)
Total assets 57,990       (25,594)       57,990 (25,594) (68,805)
Equity investments in affiliates 0       0       0 0 0
Capital expenditures                 0 0 0
Depreciation and amortization                 (172) (209) (194)
Americas Welding [Member]                      
Financial information for the reportable segments                      
Net sales                 1,609,779 1,494,982 1,741,350
Revenue from Related Parties                 97,382 93,612 92,538
Segment, including Inter-segment, sales                 1,707,161 1,588,594 1,833,888
EBIT, as adjusted                 291,866 266,633 316,689
Special items charge (Gain) [6]                 9,242 0 173,239
EBIT                 282,624 266,633 143,450
Total assets 1,253,411       1,278,417       1,253,411 1,278,417 1,165,817
Equity investments in affiliates 4,037       3,946       4,037 3,946 3,791
Capital expenditures                 43,158 35,314 35,721
Depreciation and amortization                 47,038 47,359 45,447
International Welding [Member]                      
Financial information for the reportable segments                      
Net sales                 724,024 507,289 530,460
Revenue from Related Parties                 18,860 15,975 18,747
Segment, including Inter-segment, sales                 742,884 523,264 549,207
EBIT, as adjusted                 41,721 29,146 34,511
Special items charge (Gain) [7]                 10,076 0 16,671
EBIT                 31,645 29,146 17,840
Total assets 919,995       529,223       919,995 529,223 543,254
Equity investments in affiliates $ 24,489       $ 23,355       24,489 23,355 23,450
Capital expenditures                 14,549 12,354 12,059
Depreciation and amortization                 $ 18,364 $ 15,063 $ 15,776
[1] 2017 includes special item charges of $2,867 ($1,770 after-tax) for pension settlement charges, $6,590 ($6,198 after-tax) for rationalization and asset impairment charges, $28,616 for the net impact of the U.S. Tax Act and acquisition-related items including $2,264 ($1,708 after-tax) in amortization of step up in value of acquired inventories, $3,616 ($3,102 after-tax) for acquisition transaction and integration costs and a $1,935 adjustment to the bargain purchase gain.
[2] 2017 includes special item charges of $5,283 ($3,260 after-tax) for pension settlement charges and acquisition-related items including $2,314 ($1,745 after-tax) in amortization of step up in value of acquired inventories, $3,273 ($2,229 after-tax) for acquisition transaction and integration costs and a $51,585 bargain purchase gain.
[3] 2017 includes special item charges of $4,498 ($3,494 after-tax) related to acquisition transaction and integration costs.2016 includes special item charges of $34,348 ($33,251 after-tax) primarily related to the loss on deconsolidation of Venezuelan subsidiary and a tax benefit of $7,196 related to the reversal of an income tax valuation allowance as a result of a legal entity change to realign the Company's tax structure.
[4] 2017 includes special item charges of $3,615 ($2,734 after-tax) related to acquisition transaction costs.
[5] 2017 special items reflect a bargain purchase gain and acquisition transaction and integration costs related to the Air Liquide Welding acquisition as discussed in Note 3 to the consolidated financial statements.2016 special items reflect a loss related to the deconsolidation of the Company's Venezuelan subsidiary.
[6] 2017 special items reflect non-cash pension settlement charges related to lump sum pension payments, as well as non-cash charges related to the impairment of goodwill.2015 special items reflect net charges related to employee severance and other related costs, Venezuelan foreign exchange remeasurement losses related to the adoption of a new foreign exchange mechanism and non-cash pension settlement charges related to the purchase of a group annuity contract.
[7] 2017 special items reflect amortization of step up in value of acquired inventories related to the Air Liquide Welding acquisition as discussed in Note 3 to the consolidated financial statements, as well as charges related to employee severance, asset impairments and other related costs.2015 special items reflect net charges related to employee severance and other costs and adjustments to reclassify a potential divestiture that was previously held-for-sale, as well as non-cash charges related to the impairment of goodwill and long-lived assets.