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SEGMENT INFORMATION (Tables)
 3 Months Ended
Mar. 31, 2020
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, 2020
 

 
 

 
 

 
 

 
 

Net sales
$
418,535

 
$
197,923

 
$
85,533

 
$
—

 
$
701,991

Inter-segment sales
24,783

 
4,483

 
1,725

 
(30,991
)
 
—

Total
$
443,318

 
$
202,406

 
$
87,258

 
$
(30,991
)
 
$
701,991

 
 
 
 
 
 
 
 
 
 
Adjusted EBIT
$
70,702

 
$
6,615

 
$
12,492

 
$
(1,099
)
 
$
88,710

Special items charge (gain) (1)
1,190

 
6,137

 
—

 
—

 
7,327

EBIT
$
69,512

 
$
478

 
$
12,492

 
$
(1,099
)
 
$
81,383

Interest income
 

 
 

 
 

 
 

 
860

Interest expense
 

 
 

 
 

 
 
 
(6,318
)
Income before income taxes
 

 
 

 
 

 
 

 
$
75,925

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 (gain) (2)
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


(1)
In the three months ended March 31, 2020, special items reflect Rationalization and asset impairment charges of $1,190 and $5,331 in Americas Welding and International Welding, respectively, and amortization of step up in value of acquired inventories of $806 related to an acquisition.
(2)
In the three months ended March 31, 2019, special items reflect Rationalization and asset impairment charges of $1,336 and $2,199 in Americas Welding and International Welding, respectively, and acquisition transaction and integration costs of $790 in Corporate / Eliminations related to the Air Liquide Welding acquisition.