XML 54 R37.htm IDEA: XBRL DOCUMENT v3.24.1.u1
SEGMENT INFORMATION (Financial Information of Reportable Segments) (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Financial information for the reportable segments    
Net sales (Note 2) $ 981,197 $ 1,039,343
Adjusted EBIT 173,676 171,632
Special items charge 6,367 3,087
EBIT 167,309 168,545
Interest income 3,221 854
Interest expense (12,000) (14,055)
Income before income taxes 158,530 155,344
Rationalization and asset impairment charges (Note 6) 4,605 877
Inter-segment    
Financial information for the reportable segments    
Net sales (Note 2) (41,479) (41,968)
Corporate/Eliminations    
Financial information for the reportable segments    
Net sales (Note 2) (41,479) (41,968)
Adjusted EBIT (10,078) (9,402)
Special items charge 1,762 0
EBIT (11,840) (9,402)
Acquisition Costs 1,762  
Americas Welding    
Financial information for the reportable segments    
Net sales (Note 2) 624,099 658,645
Business combination, inventory step up   2,785
Americas Welding | Operating Segments    
Financial information for the reportable segments    
Net sales (Note 2) 654,077 690,963
Adjusted EBIT 136,100 132,453
Special items charge 0 2,785
EBIT 136,100 129,668
Americas Welding | Inter-segment    
Financial information for the reportable segments    
Net sales (Note 2) 29,978 32,318
International Welding    
Financial information for the reportable segments    
Net sales (Note 2) 235,761 252,416
Rationalization and asset impairment charges (Note 6) 3,069 877
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) 244,169 259,169
Adjusted EBIT 27,776 29,598
Special items charge 3,069 302
EBIT 24,707 29,296
International Welding | Inter-segment    
Financial information for the reportable segments    
Net sales (Note 2) 8,408 6,753
The Harris Products Group    
Financial information for the reportable segments    
Net sales (Note 2) 121,337 128,282
Rationalization and asset impairment charges (Note 6) 1,536  
The Harris Products Group | Operating Segments    
Financial information for the reportable segments    
Net sales (Note 2) 124,430 131,179
Adjusted EBIT 19,878 18,983
Special items charge 1,536 0
EBIT 18,342 18,983
The Harris Products Group | Inter-segment    
Financial information for the reportable segments    
Net sales (Note 2) $ 3,093 $ 2,897