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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018
Financial information for the reportable segments |  |  |
Net Sales (Note 2) | $ 2,655,400 | $ 3,003,272 | $ 3,028,674
Revenue from Related Parties | 0 | 0 | 0
Segment, including Inter-segment, sales | 2,655,400 | 3,003,272 | 3,028,674
EBIT, as adjusted | 340,406 | 400,753 | 422,694
Special items charge (Gain) | 54,393 | 8,845 | 36,469
EBIT | 286,013 | 391,908 | 386,225
Interest income | 1,986 | 2,527 | 6,938
Interest expense | (23,959) | (25,942) | (24,503)
Income before income taxes | 264,040 | 368,493 | 368,660
Total assets | 2,314,453 | 2,371,213 | 2,349,825
Equity investments in affiliates | 4,682 | 4,274 | 31,228
Capital expenditures | 59,201 | 69,615 | 71,246
Depreciation and amortization | 80,492 | 81,487 | 72,346
Rationalization and asset impairment charges (gains) | 45,468 | 15,188 | 25,285
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | 0 | 7,601 | 0
Corporate/Eliminations |  |  |
Financial information for the reportable segments |  |  |
Revenue from Related Parties | (134,906) | (148,520) | (144,481)
Segment, including Inter-segment, sales | (134,906) | (148,520) | (144,481)
EBIT, as adjusted | (5,455) | (10,948) | (8,887)
Special items charge (Gain) |  | 1,804 | 4,498
EBIT | (5,455) | (12,752) | (13,385)
Total assets | (142,306) | (154,543) | (99,307)
Equity investments in affiliates | 0 | 0 | 0
Capital expenditures | 0 |  |
Depreciation and amortization | (93) | (462) | (91)
Acquisition Transaction and Integration Costs |  | 1,804 | 4,498
Americas Welding [Member] |  |  |
Financial information for the reportable segments |  |  |
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | 8,119 |  | 6,686
Rationalization and asset impairment charges (gains) | 26,870 | 1,716 |
Business Combination, Inventory Step Up |  | 1,399 |
Americas Welding [Member] | Operating Segments |  |  |
Financial information for the reportable segments |  |  |
Net Sales (Note 2) | 1,509,870 | 1,815,746 | 1,806,514
Revenue from Related Parties | 109,378 | 123,342 | 118,936
Segment, including Inter-segment, sales | 1,619,248 | 1,939,088 | 1,925,450
EBIT, as adjusted | 245,728 | 315,719 | 340,744
Special items charge (Gain) | 34,989 | 3,115 | 6,686
EBIT | 210,739 | 312,604 | 334,058
Total assets | 1,423,393 | 1,490,395 | 1,418,905
Equity investments in affiliates | 4,682 | 4,274 | 4,204
Capital expenditures | 30,811 | 39,106 | 42,053
Depreciation and amortization | 51,744 | 55,300 | 47,008
International Welding [Member] |  |  |
Financial information for the reportable segments |  |  |
Rationalization and asset impairment charges (gains) | 18,598 | 11,702 | 25,285
Business Combination, Inventory Step Up | 806 | 1,609 |
Gain (Loss) on Disposition of Assets |  | 3,554 |
Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net |  | 7,601 |
International Welding [Member] | Operating Segments |  |  |
Financial information for the reportable segments |  |  |
Net Sales (Note 2) | 786,809 | 854,376 | 919,771
Revenue from Related Parties | 18,494 | 17,691 | 18,576
Segment, including Inter-segment, sales | 805,303 | 872,067 | 938,347
EBIT, as adjusted | 44,979 | 50,281 | 54,273
Special items charge (Gain) | 19,404 | 2,156 | 25,285
EBIT | 25,575 | 48,125 | 28,988
Total assets | 807,407 | 831,759 | 827,132
Equity investments in affiliates | 0 | 0 | 27,024
Capital expenditures | 21,819 | 23,126 | 26,284
Depreciation and amortization | 23,859 | 22,013 | 22,384
The Harris Products Group |  |  |
Financial information for the reportable segments |  |  |
Rationalization and asset impairment charges (gains) | 1,770 |  |
The Harris Products Group | Operating Segments |  |  |
Financial information for the reportable segments |  |  |
Net Sales (Note 2) | 358,721 | 333,150 | 302,389
Revenue from Related Parties | 7,034 | 7,487 | 6,969
Segment, including Inter-segment, sales | 365,755 | 340,637 | 309,358
EBIT, as adjusted | 55,154 | 45,701 | 36,564
Special items charge (Gain) |  | 1,770 | 0
EBIT | 55,154 | 43,931 | 36,564
Total assets | 225,959 | 203,602 | 203,095
Equity investments in affiliates | 0 | 0 | 0
Capital expenditures | 6,571 | 7,383 | 2,909
Depreciation and amortization | $ 4,982 | $ 4,636 | $ 3,045

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