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SEGMENT INFORMATION (Textual) (Details)
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
segment
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Financial information for the reportable segments      
Number of operating segments (segments) | segment 3    
Percentage of total inventories valued using the LIFO method (as a percent) 32.00% 40.00%  
Special items      
Asset Impairment Charges $ 1,441    
Special items charge (Gain) (15,330) $ 34,348 $ 189,910
Goodwill, Impairment Loss [1] 1,091    
Foreign Currency Transaction Loss, before Tax   4,334  
Europe Welding      
Special items      
Goodwill, Impairment Loss [1] 0    
The Harris Products Group      
Special items      
Special items charge (Gain) 0 0 0
Goodwill, Impairment Loss [1] 0    
United States      
Special items      
EntityWideDisclosureOnGeographicAreasRevenueFromExternalCustomersAttributedToForeignCountries1 $ 151,630 $ 134,216 $ 175,049
Revenues | Customer concentration risk | Maximum      
Special items      
Percentage of concentration of credit risk not met other than separately disclosed 10.00% 10.00% 10.00%
[1] 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.