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SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2014
Segment Reporting [Abstract]  
Schedule of financial information for the reportable segments
Financial information for the reportable segments follows:
 
North
America
Welding
 
Europe
Welding
 
Asia
Pacific
Welding
 
South
America
Welding
 
The Harris
Products
Group
 
Corporate /
Eliminations
 
Consolidated
Three Months Ended June 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
429,490

 
$
115,574

 
$
66,997

 
$
39,051

 
$
77,419

 
$
—

 
$
728,531

Inter-segment sales
33,360

 
5,494

 
3,600

 
35

 
2,262

 
(44,751
)
 
—

Total
$
462,850

 
$
121,068

 
$
70,597

 
$
39,086

 
$
79,681

 
$
(44,751
)
 
$
728,531

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
91,195

 
$
14,899

 
$
365

 
$
4,995

 
$
7,178

 
$
600

 
$
119,232

Special items (gain) charge
(21
)
 
965

 
(108
)
 
3,468

 
—

 
—

 
4,304

EBIT
$
91,216

 
$
13,934

 
$
473

 
$
1,527

 
$
7,178

 
$
600

 
$
114,928

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
924

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(986
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
114,866

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
419,069

 
$
108,661

 
$
69,239

 
$
44,503

 
$
85,960

 
$
—

 
$
727,432

Inter-segment sales
35,529

 
4,330

 
4,374

 
51

 
2,674

 
(46,958
)
 
—

Total
$
454,598

 
$
112,991

 
$
73,613

 
$
44,554

 
$
88,634

 
$
(46,958
)
 
$
727,432

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
82,777

 
$
9,532

 
$
653

 
$
11,065

 
$
7,343

 
$
(1,538
)
 
$
109,832

Special items (gain) charge
266

 
75

 
510

 
2,538

 
—

 
—

 
3,389

EBIT
$
82,511

 
$
9,457

 
$
143

 
$
8,527

 
$
7,343

 
$
(1,538
)
 
$
106,443

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
890

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(799
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
106,534

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended June 30, 2014
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
831,396

 
$
220,980

 
$
128,283

 
$
83,044

 
$
149,890

 
$
—

 
$
1,413,593

Inter-segment sales
66,303

 
11,354

 
8,049

 
64

 
4,380

 
(90,150
)
 
—

Total
$
897,699

 
$
232,334

 
$
136,332

 
$
83,108

 
$
154,270

 
$
(90,150
)
 
$
1,413,593

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
162,559

 
$
24,191

 
$
(275
)
 
$
16,760

 
$
13,236

 
$
3,491

 
$
219,962

Special items (gain) charge
(68
)
 
1,004

 
(117
)
 
21,133

 
—

 
—

 
21,952

EBIT
$
162,627

 
$
23,187

 
$
(158
)
 
$
(4,373
)
 
$
13,236

 
$
3,491

 
$
198,010

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,838

Interest expense
 

 
 

 
 

 
 

 
 

 
 
 
(2,556
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
197,292

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,150,833

 
$
418,283

 
$
319,965

 
$
149,430

 
$
172,781

 
$
(66,453
)
 
$
2,144,839

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six months ended June 30, 2013
 

 
 

 
 

 
 

 
 

 
 

 
 

Net sales
$
838,623

 
$
219,152

 
$
139,278

 
$
80,877

 
$
168,075

 
$
—

 
$
1,446,005

Inter-segment sales
64,514

 
8,609

 
8,758

 
71

 
4,898

 
(86,850
)
 
—

Total
$
903,137

 
$
227,761

 
$
148,036

 
$
80,948

 
$
172,973

 
$
(86,850
)
 
$
1,446,005

 
 
 
 
 
 
 
 
 
 
 
 
 
 
EBIT, as adjusted
$
159,437

 
$
20,233

 
$
2,946

 
$
16,177

 
$
14,494

 
$
(2,141
)
 
$
211,146

Special items (gain) charge
1,126

 
69

 
707

 
12,198

 
—

 
—

 
14,100

EBIT
$
158,311

 
$
20,164

 
$
2,239

 
$
3,979

 
$
14,494

 
$
(2,141
)
 
$
197,046

Interest income
 

 
 

 
 

 
 

 
 

 
 

 
1,916

Interest expense
 

 
 

 
 

 
 

 
 

 
 

 
(1,749
)
Income before income taxes
 

 
 

 
 

 
 

 
 

 
 

 
$
197,213

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total assets
$
1,000,724

 
$
446,142

 
$
339,657

 
$
124,841

 
$
187,475

 
$
(38,722
)
 
$
2,060,117