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SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 12 Months Ended
--- | ---
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020
Financial information for the reportable segments |  |  |
Net sales (Note 2) | $ 3,761,211 | $ 3,234,180 | $ 2,655,400
Inter-segment sales | 0 | 0 | 0
Total | 3,761,211 | 3,234,180 | 2,655,400
Adjusted EBIT | 636,951 | 491,268 | 340,406
Special items charge (gain) | 14,624 | 144,056 | 54,393
EBIT | 622,327 | 347,212 | 286,013
Interest income | 1,607 | 1,567 | 1,986
Interest expense | (31,107) | (23,781) | (23,959)
Income before income taxes | 592,827 | 324,998 | 264,040
Assets | 3,180,546 | 2,592,307 | 2,314,453
Equity investments in affiliates | 5,101 | 5,181 | 4,682
Capital expenditures | 71,883 | 62,531 | 59,201
Depreciation and amortization | 78,059 | 81,146 | 80,492
Rationalization and asset impairment charges (gains) | 11,788 | 9,827 | 45,468
Pension settlement net charges |  | 126,056 |
Corporate/Eliminations |  |  |
Financial information for the reportable segments |  |  |
Inter-segment sales | (164,562) | (175,077) | (134,906)
Total | (164,562) | (175,077) | (134,906)
Adjusted EBIT | (10,033) | (12,403) | (5,455)
Special items charge (gain) | 6,003 | 1,923 | 0
EBIT | (16,036) | (14,326) | (5,455)
Assets | (299,077) | (197,515) | (142,306)
Equity investments in affiliates | 0 | 0 | 0
Capital expenditures | 0 | 0 | 0
Depreciation and amortization | 0 | (157) | (93)
Acquisition Transaction and Integration Costs | 6,003 | 1,923 |
Americas Welding |  |  |
Financial information for the reportable segments |  |  |
Rationalization and asset impairment charges (gains) | (431) |  | 26,870
Pension settlement net charges | (3,735) | 123,091 | 8,119
Business Combination, Inventory Step Up | 1,106 |  |
Americas Welding | Operating Segments |  |  |
Financial information for the reportable segments |  |  |
Net sales (Note 2) | 2,288,934 | 1,824,481 | 1,509,870
Inter-segment sales | 122,019 | 140,650 | 109,378
Total | 2,410,953 | 1,965,131 | 1,619,248
Adjusted EBIT | 462,819 | 329,016 | 245,728
Special items charge (gain) | (3,060) | 123,114 | 34,989
EBIT | 465,879 | 205,902 | 210,739
Assets | 2,122,729 | 1,521,083 | 1,423,393
Equity investments in affiliates | 5,101 | 5,181 | 4,682
Capital expenditures | 43,003 | 37,717 | 30,811
Depreciation and amortization | 47,291 | 49,510 | 51,744
International Welding |  |  |
Financial information for the reportable segments |  |  |
Rationalization and asset impairment charges (gains) | 11,681 | 9,804 | 18,598
Pension settlement net charges |  | 446 |
Business Combination, Inventory Step Up |  | 4,984 | 806
International Welding | Operating Segments |  |  |
Financial information for the reportable segments |  |  |
Net sales (Note 2) | 954,281 | 948,125 | 786,809
Inter-segment sales | 31,503 | 26,331 | 18,494
Total | 985,784 | 974,456 | 805,303
Adjusted EBIT | 120,157 | 106,208 | 44,979
Special items charge (gain) | 11,681 | 15,234 | 19,404
EBIT | 108,476 | 90,974 | 25,575
Assets | 994,905 | 938,061 | 807,407
Equity investments in affiliates | 0 | 0 | 0
Capital expenditures | 17,955 | 16,916 | 21,819
Depreciation and amortization | 20,949 | 24,998 | 23,859
The Harris Products Group |  |  |
Financial information for the reportable segments |  |  |
Pension settlement net charges |  | 2,965 |
Business Combination, Inventory Step Up |  | 820 |
The Harris Products Group | Operating Segments |  |  |
Financial information for the reportable segments |  |  |
Net sales (Note 2) | 517,996 | 461,574 | 358,721
Inter-segment sales | 11,040 | 8,096 | 7,034
Total | 529,036 | 469,670 | 365,755
Adjusted EBIT | 64,008 | 68,447 | 55,154
Special items charge (gain) | 0 | 3,785 | 0
EBIT | 64,008 | 64,662 | 55,154
Assets | 361,989 | 330,678 | 225,959
Equity investments in affiliates | 0 | 0 | 0
Capital expenditures | 10,925 | 7,898 | 6,571
Depreciation and amortization | $ 9,819 | $ 6,795 | $ 4,982

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