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v3.23.1

SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($) $ in Thousands | 3 Months Ended
--- | ---
Mar. 31, 2023 | Mar. 31, 2022
Financial information for the reportable segments |  |
Net sales (Note 2) | $ 1,039,343 | $ 925,448
Inter-segment sales | 0 | 0
Total | 1,039,343 | 925,448
Adjusted EBIT | 171,660 | 163,452
Special items charge (gain) | 3,087 | (2,388)
EBIT | 168,573 | 165,840
Interest income | 854 | 376
Interest expense | (14,055) | (6,574)
Income before income taxes | 155,372 | 159,642
Rationalization and asset impairment charges (gains) | 877 | 1,885
Gain (Loss) on Disposition of Assets | 1,646 |
Rationalization and asset impairment net gains | 0 | (1,188)
Corporate/Eliminations |  |
Financial information for the reportable segments |  |
Net sales (Note 2) | 0 | 0
Inter-segment sales | (41,968) | (37,446)
Total | (41,968) | (37,446)
Adjusted EBIT | (9,374) | (4,801)
Special items charge (gain) | 0 | 0
EBIT | (9,374) | (4,801)
Americas Welding |  |
Financial information for the reportable segments |  |
Defined benefit plan, net periodic benefit cost (credit), gain (loss) due to curtailment |  | 3,735
Americas Welding | Operating Segments |  |
Financial information for the reportable segments |  |
Net sales (Note 2) | 658,645 | 534,055
Inter-segment sales | 32,318 | 28,156
Total | 690,963 | 562,211
Adjusted EBIT | 132,453 | 111,568
Special items charge (gain) | 2,785 | (3,735)
EBIT | 129,668 | 115,303
International Welding |  |
Financial information for the reportable segments |  |
Rationalization and asset impairment charges (gains) | 877 | 1,885
Business combination, inventory step up | 1,071 |
Gain (Loss) on Disposition of Assets | 1,646 |
International Welding | Operating Segments |  |
Financial information for the reportable segments |  |
Net sales (Note 2) | 252,416 | 258,041
Inter-segment sales | 6,753 | 6,228
Total | 259,169 | 264,269
Adjusted EBIT | 29,598 | 37,087
Special items charge (gain) | 302 | 1,347
EBIT | 29,296 | 35,740
The Harris Products Group | Operating Segments |  |
Financial information for the reportable segments |  |
Net sales (Note 2) | 128,282 | 133,352
Inter-segment sales | 2,897 | 3,062
Total | 131,179 | 136,414
Adjusted EBIT | 18,983 | 19,598
Special items charge (gain) | 0 | 0
EBIT | 18,983 | $ 19,598
Americas Welding and International Welding |  |
Financial information for the reportable segments |  |
Business combination, inventory step up | $ 2,785 |

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