XML 49 R34.htm IDEA: XBRL DOCUMENT v3.3.1.900

Stock-Based Compensation Plans Stock-Based Compensation Plans (Tables)

12 Months Ended

Dec. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Valuation assumptions

The weighted-average estimated value of SPRs outstanding as of December 31, 2015 was $9.82 per SPR using the following assumptions:

Expected volatility	33.9% to 57.2%
Risk-free rate of return	0.2% to 1.7%
Expected term (in years)	0.2 to 4.5
Expected annual dividend	$0

Activity related to SPRs

Activity related to the Company’s SPRs during the year ended December 31, 2015 was as follows:

	Number of SPRs			Weighted Average Exercise Price
Outstanding on December 31, 2014	644,691			$	14.50
Granted	409,373			28.17
Exercised	(64,300	)		11.88
Cancelled	(30,265	)		33.34
Outstanding on December 31, 2015	959,499			19.91
Exercisable on December 31, 2015	462,725			$	14.04

Activity related to RSAs

Activity related to the Company’s RSAs during the year ended December 31, 2015 was as follows:

	Restricted Stock Awards
Outstanding on December 31, 2014	38,123
Granted	22,820
Exchanged for shares	(29,958	)
Outstanding on December 31, 2015	30,985

MSU Rollforward

Market Stock Units ("MSUs") are exchangeable for between 0% to 150% of the Company's common shares at the end of the vesting period based on the trailing 30 or 60 day average closing price of the Company's common stock. The value of the MSUs was determined using a geometric brownian motion model that, based on certain variables, generates a large number of random trials simulating the price of the common stock over the measurement period. Expense of $0.5 million, $0.3 million and $0.2 million related to MSUs was recorded in the years ended December 31, 2015, 2014 and 2013, respectively. Activity related to the Company’s MSUs during the year ended December 31, 2015 was as follows:

	Number of Market Stock Units			Maximum Shares Potentially Issuable
Outstanding on December 31, 2014	88,600			132,900
Granted	30,633			45,949
Exchanged for shares	(24,493	)		(36,739	)
Cancelled	(6,970	)		(10,455	)
Outstanding on December 31, 2015	87,770			131,655

Stock Option Activity Table

Stock Options

Each stock option can be exchanged for one share of the Company’s common stock. The stock options granted in 2015 vest ratably over thee years, have a seven year term and had a weighted average fair value of $8.57 on December 31, 2015. Expense related to stock options was $0.1 million in 2015 and unrecognized compensation at December 31, 2015 was $0.2 million.

Activity related to the Company’s stock options during the year ended December 31, 2015 was as follows:

	Number of Stock Options			Weighted Average Exercise Price
Outstanding on December 31, 2014	5,910			$	14.04
Granted	40,000			28.40
Outstanding on December 31, 2015	45,910			26.55

X

- Definition

MSU Rollforward [Table Text Block]

+ References

No definition available.

+ Details

Name:	laws_MSURollforwardTableTextBlock
Namespace Prefix:	laws_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

[Table Text Block] for Stock Option Activity Table [Table]

+ References

No definition available.

+ Details

Name:	laws_StockOptionActivityTableTableTextBlock
Namespace Prefix:	laws_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the number and weighted-average exercise prices (or conversion ratios) for stock appreciation rights awards that were outstanding at the beginning and end of the year, and the number of stock appreciation rights awards that were granted, exercised or converted, forfeited, and expired during the year.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockAppreciationRightsAwardActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration