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SEGMENT INFORMATION (Details) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2018 USD ($) | Sep. 30, 2017 USD ($) | Sep. 30, 2018 USD ($) segment | Sep. 30, 2017 USD ($)
Financial information for the reportable segments |  |  |  |  |  |  |  |
Restructuring, Settlement and Impairment Provisions | $ 2,636 |  | $ 0 |  | $ 24,353 |  | $ 0 |
Number of operating segments | segment |  |  |  |  | 3 |  |  |
Net sales (Note 2) | 737,099 |  | 669,491 |  | $ 2,284,847 |  | 1,877,246 |
Inter-segment sales | 0 |  | 0 |  | 0 |  | 0 |
Total | 737,099 |  | 669,491 |  | 2,284,847 |  | 1,877,246 |
EBIT, as adjusted | 107,551 |  | 94,522 |  | 320,435 |  | 274,890 |
Special items charge (gain) | 7,838 | [1] | (40,715) | [2] | 33,008 | [1] | (32,602) | [2]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Gain (Loss) Due to Settlement and Curtailment | (4,232) |  | (5,283) |  | (4,990) |  | (5,283) |
EBIT | 99,713 |  | 135,237 |  | 287,427 |  | 307,492 |
Interest income | 1,993 |  | 1,327 |  | 5,273 |  | 3,349 |
Interest expense | (5,962) |  | (5,922) |  | (18,495) |  | (18,333) |
Income before income taxes | 95,744 |  | 130,642 |  | 274,205 |  | 292,508 |
Bargain purchase gain (Note 4) | 0 |  | 51,585 |  | 0 |  | 51,585 |
The Harris Products Group |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Net sales (Note 2) | 73,467 |  | 73,585 |  | 233,235 |  | 222,483 |
Inter-segment sales | 1,537 |  | 2,064 |  | 5,447 |  | 6,763 |
Total | 75,004 |  | 75,649 |  | 238,682 |  | 229,246 |
EBIT, as adjusted | 8,676 |  | 9,244 |  | 28,058 |  | 27,491 |
Special items charge (gain) | 0 | [1] | 0 | [2] | 0 | [1] | 0 | [2]
EBIT | 8,676 |  | 9,244 |  | 28,058 |  | 27,491 |
Corporate / Eliminations |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Acquisition Transaction and Integration Costs | 970 |  | 3,273 |  | 3,665 |  | 11,386 |
Net sales (Note 2) | 0 |  | 0 |  | 0 |  | 0 |
Inter-segment sales | (37,045) |  | (33,061) |  | (108,787) |  | (97,357) |
Total | (37,045) |  | (33,061) |  | (108,787) |  | (97,357) |
EBIT, as adjusted | (1,099) |  | 570 |  | (4,443) |  | 369 |
Special items charge (gain) | 970 | [1] | (48,312) | [2] | 3,665 | [1] | (40,199) | [2]
EBIT | (2,069) |  | 48,882 |  | (8,108) |  | 40,568 |
Bargain purchase gain (Note 4) |  |  | 51,585 |  |  |  |  |
Americas Welding |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Net sales (Note 2) | 454,010 |  | 398,289 |  | 1,351,297 |  | 1,186,760 |
Inter-segment sales | 31,845 |  | 25,546 |  | 89,671 |  | 75,380 |
Total | 485,855 |  | 423,835 |  | 1,440,968 |  | 1,262,140 |
EBIT, as adjusted | 89,253 |  | 74,096 |  | 254,850 |  | 217,317 |
Special items charge (gain) | 4,232 | [1] | 5,283 | [2] | 4,990 | [1] | 5,283 | [2]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Gain (Loss) Due to Settlement and Curtailment | (4,232) |  | (5,283) |  | (4,990) |  | (5,283) |
EBIT | 85,021 |  | 68,813 |  | 249,860 |  | 212,034 |
International Welding |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Restructuring, Settlement and Impairment Provisions | 2,636 |  |  |  | 24,353 |  |  |
Net sales (Note 2) | 209,622 |  | 197,617 |  | 700,315 |  | 468,003 |
Inter-segment sales | 3,663 |  | 5,451 |  | 13,669 |  | 15,214 |
Total | 213,285 |  | 203,068 |  | 713,984 |  | 483,217 |
EBIT, as adjusted | 10,721 |  | 10,612 |  | 41,970 |  | 29,713 |
Special items charge (gain) | 2,636 | [1] | 2,314 | [2] | 24,353 | [1] | 2,314 | [2]
Business Combination, Inventory Step Up |  |  | 2,314 |  |  |  | 2,314 |
EBIT | $ 8,085 |  | $ 8,298 |  | $ 17,617 |  | $ 27,399 |
[1] | In the three months ended September 30, 2018, special items reflect pension settlement charges of $4,232 in Americas Welding, rationalization and asset impairment charges of $2,636 in International Welding and transaction and integration costs of $970 in Corporate / Eliminations related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements. In the nine months ended September 30, 2018, special items reflect pension settlement charges of $4,990 in Americas Welding, rationalization and asset impairment charges of $24,353 in International Welding and transaction and integration costs of $3,665 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 nine months ended September 30, 2017, special items reflect pension settlement charges of $5,283 in Americas Welding, amortization of step up in value of acquired inventories of $2,314 in International Welding and transaction and integration costs of $3,273 and $11,386, respectively, offset by a bargain purchase gain of $51,585 in Corporate / Eliminations related to the Air Liquide Welding acquisition as discussed in Note 4 to the consolidated financial statements.

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