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SEGMENT INFORMATION (Details)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2018
USD ($)
segment
Jun. 30, 2017
USD ($)
Financial information for the reportable segments        
Restructuring, Settlement and Impairment Provisions $ 11,542 $ 0 $ 21,717 $ 0
Number of operating segments | segment     3  
Net sales (Note 2) 790,052 626,858 $ 1,547,748 1,207,755
Inter-segment sales 0 0 0 0
Total 790,052 626,858 1,547,748 1,207,755
EBIT, as adjusted 111,405 93,516 212,884 180,368
Special items charge (gain) 12,330 [1] 4,498 [2] 25,170 [1] 8,113 [2]
EBIT 99,075 89,018 187,714 172,255
Interest income 1,808 1,245 3,280 2,022
Interest expense (6,620) (6,297) (12,533) (12,411)
Income before income taxes 94,263 83,966 178,461 161,866
The Harris Products Group        
Financial information for the reportable segments        
Net sales (Note 2) 84,164 80,213 159,768 148,898
Inter-segment sales 2,003 2,399 3,910 4,699
Total 86,167 82,612 163,678 153,597
EBIT, as adjusted 10,157 9,787 19,382 18,247
Special items charge (gain) 0 [1] 0 [2] 0 [1] 0 [2]
EBIT 10,157 9,787 19,382 18,247
Corporate / Eliminations        
Financial information for the reportable segments        
Net sales (Note 2) 0 0 0 0
Inter-segment sales (38,740) (35,251) (71,742) (64,296)
Total (38,740) (35,251) (71,742) (64,296)
EBIT, as adjusted (3,186) (265) (3,344) (201)
Special items charge (gain) 788 [1] 4,498 [2] 2,695 [1] 8,113 [2]
EBIT (3,974) (4,763) (6,039) (8,314)
Americas Welding        
Financial information for the reportable segments        
Net sales (Note 2) 462,515 405,147 897,287 788,471
Inter-segment sales 31,240 27,374 57,826 49,834
Total 493,755 432,521 955,113 838,305
EBIT, as adjusted 88,158 74,498 165,597 143,221
Special items charge (gain) 0 [1] 0 [2] 758 [1] 0 [2]
EBIT 88,158 74,498 164,839 143,221
International Welding        
Financial information for the reportable segments        
Net sales (Note 2) 243,373 141,498 490,693 270,386
Inter-segment sales 5,497 5,478 10,006 9,763
Total 248,870 146,976 500,699 280,149
EBIT, as adjusted 16,276 9,496 31,249 19,101
Special items charge (gain) 11,542 [1] 0 [2] 21,717 [1] 0 [2]
EBIT $ 4,734 $ 9,496 $ 9,532 $ 19,101
[1] In the three months ended June 30, 2018, special items reflect rationalization and asset impairment charges of $11,542 in International Welding and transaction and integration costs of $788 in Corporate/Eliminations related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements. In the six months ended June 30, 2018, special items reflect pension settlement charges of $758 in Americas Welding, rationalization and asset impairment charges of $21,717 in International Welding and transaction and integration costs of $2,695 in Corporate / Eliminations related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements.
[2] In the three and six months ended June 30, 2017, special items in Corporate / Eliminations reflect transaction and integration costs of $4,498 and $8,113, respectively, related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements.