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SEGMENT INFORMATION (Tables)
3 Months Ended
Mar. 31, 2019
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
 
Americas Welding
 
International Welding
 
The Harris
Products Group
 
Corporate /
Eliminations
 
Consolidated
Three Months Ended March 31, 2019
 

 
 

 
 

 
 

 
 

Net sales
$
457,719

 
$
218,086

 
$
83,369

 
$

 
$
759,174

Inter-segment sales
29,388

 
4,209

 
1,867

 
(35,464
)
 

Total
$
487,107

 
$
222,295

 
$
85,236

 
$
(35,464
)
 
$
759,174

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
81,752

 
$
13,337

 
$
10,519

 
$
(3,042
)
 
$
102,566

Special items charge (1)
1,336

 
2,199

 

 
790

 
4,325

EBIT
$
80,416

 
$
11,138

 
$
10,519

 
$
(3,832
)
 
$
98,241

Interest income
 

 
 

 
 

 
 

 
964

Interest expense
 

 
 

 
 

 
 
 
(6,287
)
Income before income taxes
 

 
 

 
 

 
 

 
$
92,918

Three Months Ended March 31, 2018
 

 
 

 
 

 
 

 
 

Net sales
$
434,772

 
$
247,320

 
$
75,604

 
$

 
$
757,696

Inter-segment sales
26,586

 
4,509

 
1,907

 
(33,002
)
 

Total
$
461,358

 
$
251,829

 
$
77,511

 
$
(33,002
)
 
$
757,696

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
77,439

 
$
14,973

 
$
9,225

 
$
(158
)
 
$
101,479

Special items charge (2)
758

 
10,175

 

 
1,907

 
12,840

EBIT
$
76,681

 
$
4,798

 
$
9,225

 
$
(2,065
)
 
$
88,639

Interest income
 

 
 

 
 

 
 

 
1,472

Interest expense
 

 
 

 
 

 
 

 
(5,913
)
Income before income taxes
 

 
 

 
 

 
 

 
$
84,198


(1)
In the three months ended March 31, 2019, special items reflect Rationalization and asset impairment charges of $1,336 in Americas Welding and $2,199 in International Welding and transaction and integration costs of $790 in Corporate / Eliminations related to the Air Liquide Welding acquisition.
(2)
In the three months ended March 31, 2018, special items reflect pension settlement charges of $758 in Americas Welding, Rationalization and asset impairment charges of $10,175 in International Welding and transaction and integration costs of $1,907 in Corporate / Eliminations related to the Air Liquide Welding acquisition.