XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Segment Information | 12 Months Ended
--- | ---
Dec. 31, 2017
Segment Reporting [Abstract] |
Segment Reporting | Information With the acquisition of Bolt in 2017, the Company now operates in two reportable segments. The businesses were determined to be separate reportable segments because of differences in their financial characteristics and the methods they employ to deliver product to customers. The operating segments are reviewed by the Company’s chief operating decision maker responsible for reviewing operating performance and allocating resources. The Lawson segment primarily relies on its large network of sales representatives to visit the customer at the customers' work location and provide VMI service and produce sales orders for product that is then shipped to the customer. The Bolt segment primarily sells product to customers when the customers visit one of Bolt's 13 branch locations and the product is delivered to the customers at the spot of sale. Financial information for the Company's reportable segments follows:
| (Dollars in thousands)
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Net sales |  |  |  |  |
Lawson | $ | 297,953 |  |  | $ | 276,573 |  |  | $ | 275,834 |
Bolt | 7,954 |  |  | — |  |  | — |
Consolidated total | $ | 305,907 |  |  | $ | 276,573 |  |  | $ | 275,834 |
Gross profit |  |  |  |  |
Lawson | $ | 179,578 |  |  | $ | 168,062 |  |  | $ | 169,124 |
Bolt | 3,440 |  |  | — |  |  | — |
Consolidated total | $ | 183,018 |  |  | $ | 168,062 |  |  | $ | 169,124 |
Operating Income (loss) |  |  |  |  |
Lawson | $ | 3,958 |  |  | $ | (1,457 | ) |  | $ | 3,052 |
Bolt | 556 |  |  | — |  |  | — |
Gain on sale of property | 5,422 |  |  | — |  |  | — |
Environmental remediation expense | — |  |  | — |  |  | (931 | )
Consolidated total | 9,936 |  |  | (1,457 | ) |  | 2,121 |
Interest expense | (622 | ) |  | (496 | ) |  | (766 | )
Other income (expense), net | 780 |  |  | 422 |  |  | (203 | )
Income (loss) before income taxes | $ | 10,094 |  |  | $ | (1,531 | ) |  | $ | 1,152 |
Capital expenditures |  |  |  |  |
Lawson | $ | 1,251 |  |  | $ | 3,112 |  |  | $ | 2,342 |
Bolt | 5 |  |  | — |  |  | — |
Consolidated total | $ | 1,256 |  |  | $ | 3,112 |  |  | $ | 2,342 |
Depreciation and amortization |  |  |  |  |
Lawson | $ | 6,486 |  |  | $ | 8,066 |  |  | $ | 8,543 |
Bolt | 284 |  |  | — |  |  | — |
Consolidated total | $ | 6,770 |  |  | $ | 8,066 |  |  | $ | 8,543 |
Total assets |  |  |  |  |
Lawson | $ | 161,076 |  |  | $ | 135,307 |  |  | $ | 133,094 |
Bolt | 38,423 |  |  | — |  |  | — |
Intercompany note receivable | (8,832 | ) |  | — |  |  | — |
Consolidated total | $ | 190,667 |  |  | $ | 135,307 |  |  | $ | 133,094 |
Financial information related to the Company’s continuing operations by geographic area follows:
| (Dollars in thousands)
| Year Ended December 31,
| 2017 |  | 2016 |  | 2015
Net sales (1) |  |  |  |  |
United States | $ | 266,994 |  |  | $ | 250,824 |  |  | $ | 251,129 |
Canada | 38,913 |  |  | 25,749 |  |  | 24,705 |
Consolidated total | $ | 305,907 |  |  | $ | 276,573 |  |  | $ | 275,834 |
Long-lived assets (2) |  |  |  |  |
United States | $ | 24,686 |  |  | $ | 30,041 |  |  | $ | 33,813 |
Canada | 34,322 |  |  | 7,425 |  |  | 242 |
Consolidated total | $ | 59,008 |  |  | $ | 37,466 |  |  | $ | 34,055 |
(1) Net sales are attributed to countries based on the location of customers. (2) Long-lived assets primarily consist of property, plant and equipment, goodwill, intangibles and other assets.

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8981-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9038-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8595-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8380-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8984-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9031-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e9054-108599 Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8538-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8864-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8924-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=68060357&loc=d3e8906-108599 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration