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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2021 | Jun. 30, 2020 | Jun. 30, 2021 | Jun. 30, 2020
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | $ 826,454 | $ 590,727 | $ 1,583,475 | $ 1,292,718
Revenue from Related Parties | 0 | 0 | 0 | 0
Segment, including Inter-segment, sales | 826,454 | 590,727 | 1,583,475 | 1,292,718
Adjusted EBIT | 128,455 | 66,133 | 241,129 | 154,843
Special items charge (Gain) | 4,931 | 26,572 | 15,093 | 33,899
EBIT | 123,524 | 39,561 | 226,036 | 120,944
Interest income | 398 | 424 | 852 | 1,284
Interest expense | (6,061) | (6,305) | (11,874) | (12,623)
Income before income taxes | 117,861 | 33,680 | 215,014 | 109,605
Rationalization and asset impairment charges (gains) | 630 | 23,238 | 4,793 | 29,759
Corporate/Eliminations |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 0 | 0 | 0 | 0
Revenue from Related Parties | (48,946) | (33,532) | (88,126) | (64,523)
Segment, including Inter-segment, sales | (48,946) | (33,532) | (88,126) | (64,523)
Adjusted EBIT | (3,888) | (1,964) | (5,344) | (3,063)
Special items charge (Gain) | 810 |  | 1,923 |
EBIT | (4,698) | (1,964) | (7,267) | (3,063)
Acquisition Transaction and Integration Costs | 810 |  | 1,923 |
Acquisition Transaction and Integration Costs | 810 |  | 1,923 |
Americas Welding [Member] |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment charges (gains) |  | 22,673 |  | 23,863
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment | 1,650 | 3,334 | 6,536 | 3,334
Americas Welding [Member] | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 457,468 | 333,229 | 882,710 | 751,764
Revenue from Related Parties | 39,765 | 27,493 | 72,513 | 52,276
Segment, including Inter-segment, sales | 497,233 | 360,722 | 955,223 | 804,040
Adjusted EBIT | 84,134 | 46,702 | 160,751 | 117,404
Special items charge (Gain) | 1,650 | 26,007 | 6,090 | 27,197
EBIT | 82,484 | 20,695 | 154,661 | 90,207
International Welding [Member] |  |  |  |
Financial information for the reportable segments |  |  |  |
Rationalization and asset impairment charges (gains) | 630 | 565 | 4,793 | 5,896
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment |  |  | 446 |
Business Combination, Inventory Step Up | 1,841 |  | 1,841 | 806
International Welding [Member] | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 252,352 | 177,167 | 475,431 | 375,090
Revenue from Related Parties | 6,897 | 4,286 | 11,182 | 8,769
Segment, including Inter-segment, sales | 259,249 | 181,453 | 486,613 | 383,859
Adjusted EBIT | 29,997 | 9,682 | 48,813 | 16,297
Special items charge (Gain) | 2,471 | 565 | 7,080 | 6,702
EBIT | 27,526 | 9,117 | 41,733 | 9,595
The Harris Products Group | Operating Segments |  |  |  |
Financial information for the reportable segments |  |  |  |
Net sales (Note 2) | 116,634 | 80,331 | 225,334 | 165,864
Revenue from Related Parties | 2,284 | 1,753 | 4,431 | 3,478
Segment, including Inter-segment, sales | 118,918 | 82,084 | 229,765 | 169,342
Adjusted EBIT | 18,212 | 11,713 | 36,909 | 24,205
EBIT | $ 18,212 | $ 11,713 | $ 36,909 | $ 24,205

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