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SEGMENT INFORMATION (Details) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2019 USD ($) | Jun. 30, 2018 USD ($) | Jun. 30, 2019 USD ($) segment | Jun. 30, 2018 USD ($)
Financial information for the reportable segments |  |  |  |  |  |  |  |
Restructuring, Settlement and Impairment Provisions | $ 1,307 |  | $ 11,542 |  | $ 4,842 |  | $ 21,717 |
Number of operating segments | segment |  |  |  |  | 3 |  |  |
Net sales | 777,008 |  | 790,052 |  | $ 1,536,182 |  | 1,547,748 |
Inter-segment sales | 0 |  | 0 |  | 0 |  | 0 |
Total | 777,008 |  | 790,052 |  | 1,536,182 |  | 1,547,748 |
EBIT, as adjusted | 109,548 |  | 111,405 |  | 212,114 |  | 212,884 |
Special items charge (gain) | 166 | [1] | 12,330 | [2] | 4,491 | [1] | 25,170 | [2]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Gain (Loss) Due to Settlement and Curtailment |  |  |  |  |  |  | (758) |
EBIT | 109,382 |  | 99,075 |  | 207,623 |  | 187,714 |
Interest income | 592 |  | 1,808 |  | 1,556 |  | 3,280 |
Interest expense | (6,490) |  | (6,620) |  | (12,777) |  | (12,533) |
Income before income taxes | 103,484 |  | 94,263 |  | 196,402 |  | 178,461 |
The Harris Products Group |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Net sales | 88,095 |  | 84,164 |  | 171,464 |  | 159,768 |
Inter-segment sales | 2,113 |  | 2,003 |  | 3,980 |  | 3,910 |
Total | 90,208 |  | 86,167 |  | 175,444 |  | 163,678 |
EBIT, as adjusted | 13,488 |  | 10,157 |  | 24,007 |  | 19,382 |
Special items charge (gain) | 0 | [1] | 0 | [2] | 0 | [1] | 0 | [2]
EBIT | 13,488 |  | 10,157 |  | 24,007 |  | 19,382 |
Corporate / Eliminations |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Acquisition Transaction and Integration Costs | 1,014 |  | 788 |  | 1,804 |  | 2,695 |
Net sales | 0 |  | 0 |  | 0 |  | 0 |
Inter-segment sales | (41,112) |  | (38,740) |  | (76,576) |  | (71,742) |
Total | (41,112) |  | (38,740) |  | (76,576) |  | (71,742) |
EBIT, as adjusted | (3,969) |  | (3,186) |  | (7,011) |  | (3,344) |
Special items charge (gain) | 1,014 | [1] | 788 | [2] | 1,804 | [1] | 2,695 | [2]
EBIT | (4,983) |  | (3,974) |  | (8,815) |  | (6,039) |
Americas Welding |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Restructuring, Settlement and Impairment Provisions | 380 |  |  |  | 1,716 |  |  |
Net sales | 476,607 |  | 462,515 |  | 934,326 |  | 897,287 |
Inter-segment sales | 34,811 |  | 31,240 |  | 64,199 |  | 57,826 |
Total | 511,418 |  | 493,755 |  | 998,525 |  | 955,113 |
EBIT, as adjusted | 84,851 |  | 88,158 |  | 166,603 |  | 165,597 |
Special items charge (gain) | 1,779 | [1] | 0 | [2] | 3,115 | [1] | 758 | [2]
Defined Benefit Plan, Net Periodic Benefit (Cost) Credit, Gain (Loss) Due to Settlement and Curtailment |  |  |  |  |  |  | (758) |
Business Combination, Inventory Step Up | 1,399 |  |  |  | 1,399 |  |  |
EBIT | 83,072 |  | 88,158 |  | 163,488 |  | 164,839 |
International Welding |  |  |  |  |  |  |  |
Financial information for the reportable segments |  |  |  |  |  |  |  |
Restructuring, Settlement and Impairment Provisions | 927 |  | 11,542 |  | 3,126 |  | 21,717 |
Net sales | 212,306 |  | 243,373 |  | 430,392 |  | 490,693 |
Inter-segment sales | 4,188 |  | 5,497 |  | 8,397 |  | 10,006 |
Total | 216,494 |  | 248,870 |  | 438,789 |  | 500,699 |
EBIT, as adjusted | 15,178 |  | 16,276 |  | 28,515 |  | 31,249 |
Special items charge (gain) | (2,627) | [1] | 11,542 | [2] | (428) | [1] | 21,717 | [2]
Gain (Loss) on Disposition of Assets | 3,554 |  |  |  | 3,554 |  |  |
EBIT | $ 17,805 |  | $ 4,734 |  | $ 28,943 |  | $ 9,532 |
[1] | In the three months ended June 30, 2019, special items reflect Rationalization and asset impairment charges of $380 in Americas Welding and $927 in International Welding, amortization of step up in value of acquired inventories of $1,399 in Americas Welding, gains on disposal of assets of $3,554 in International Welding and transaction and integration costs of $1,014 in Corporate / Eliminations related to the Air Liquide Welding acquisition. In the six months ended June 30, 2019, special items reflect Rationalization and asset impairment charges of $1,716 in Americas Welding and $3,126 in International Welding, amortization of step up in value of acquired inventories of $1,399 in Americas Welding, gains on disposals of assets of $3,554 in International Welding and transaction and integration costs of $1,804 in Corporate / Eliminations related to the Air Liquide Welding acquisition.
[2] | 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. 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.

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