SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2011

SEGMENT INFORMATION

Financial information for the reportable segments

	North America Welding		Europe Welding		Asia Pacific Welding			South America Welding			The Harris Products Group			Corporate / Eliminations			Consolidated
Three months ended June 30, 2011
Net sales	$	321,656	$	139,248	$	102,721		$	37,769		$	97,899		$	—		$	699,293
Inter-segment sales	37,222		6,302		3,397			120			2,017			(49,058		)	—
Total	$	358,878	$	145,550	$	106,118		$	37,889		$	99,916		$	(49,058	)	$	699,293
EBIT, as adjusted	$	58,120	$	11,073	$	1,256		$	3,527		$	9,197		$	(788	)	$	82,385
Special items charge (gain)	—		34		(109		)	—			—			—			(75		)
EBIT	$	58,120	$	11,039	$	1,365		$	3,527		$	9,197		$	(788	)	$	82,460
Interest income																	661
Interest expense																	(1,627		)
Income before income taxes																	$	81,494
Three months ended June 30, 2010
Net sales	$	253,809	$	85,205	$	82,363		$	28,196		$	66,011		$	—		$	515,584
Inter-segment sales	28,182		2,987		2,585			208			1,628			(35,590		)	—
Total	$	281,991	$	88,192	$	84,948		$	28,404		$	67,639		$	(35,590	)	$	515,584
EBIT, as adjusted	$	40,301	$	7,959	$	1,557		$	1,001		$	2,518		$	(2,052	)	$	51,284
Special items charge (gain)	—		1,169		(4,382		)	2,319			(416		)	—			(1,310		)
EBIT	$	40,301	$	6,790	$	5,939		$	(1,318	)	$	2,934		$	(2,052	)	$	52,594
Interest income																	544
Interest expense																	(1,566		)
Income before income taxes																	$	51,572
Six months ended June 30, 2011
Net sales	$	602,413	$	253,456	$	190,281		$	71,842		$	180,480		$	—		$	1,298,472
Inter-segment sales	72,349		10,137		6,610			120			4,250			(93,466		)	—
Total	$	674,762	$	263,593	$	196,891		$	71,962		$	184,730		$	(93,466	)	$	1,298,472
EBIT, as adjusted	$	104,756	$	16,985	$	1,382		$	5,575		$	15,740		$	(109	)	$	144,329
Special items charge (gain)	—		392		(110		)	—			—			—			282
EBIT	$	104,756	$	16,593	$	1,492		$	5,575		$	15,740		$	(109	)	$	144,047
Interest income																	1,269
Interest expense																	(3,285		)
Income before income taxes																	$	142,031
Total assets	$	1,019,926	$	513,141	$	369,181		$	119,387		$	306,447		$	(327,016	)	$	2,001,066
Six months ended June 30, 2010
Net sales	$	485,144	$	169,881	$	154,308		$	50,944		$	126,265		$	—		$	986,542
Inter-segment sales	53,090		6,545		5,086			402			3,359			(68,482		)	—
Total	$	538,234	$	176,426	$	159,394		$	51,346		$	129,624		$	(68,482	)	$	986,542
EBIT, as adjusted	$	71,297	$	9,057	$	2,539		$	2,336		$	5,259		$	(2,794	)	$	87,694
Special items charge (gain)	—		1,709		(4,121		)	2,308			(416		)	—			(520		)
EBIT	$	71,297	$	7,348	$	6,660		$	28		$	5,675		$	(2,794	)	$	88,214
Interest income																	1,179
Interest expense																	(3,080		)
Income before income taxes																	$	86,313
Total assets	$	878,731	$	344,325	$	327,821		$	83,161		$	256,958		$	(159,588	)	$	1,731,408