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Segment Information (Notes)

6 Months Ended

Jun. 30, 2018

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

With the acquisition of Bolt Supply in the fourth quarter of 2017, the Company 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 Supply segment primarily sells product to customers through its 13 branch locations.

Financial information for the Company's reportable segments follows:

	(Dollars in thousands)
	Three Months Ended June 30,								Six Months Ended June 30,
	2018				2017				2018				2017
Revenue
Lawson product revenue	$	70,632			$	75,006			$	137,569			$	149,623
Lawson service revenue	9,985				—				19,474				—
Total Lawson revenue	80,617				75,006				157,043				149,623
Bolt Supply	9,765				—				17,798				—
Consolidated total	$	90,382			$	75,006			$	174,841			$	149,623
Gross profit
Lawson product gross profit	$	38,703			$	45,141			$	75,549			$	90,020
Lawson service gross profit	6,590				—				$	12,670			$	—
Total Lawson gross profit	45,297				45,141				88,219				90,020
Bolt Supply	3,834				—				7,130				—
Consolidated total	$	49,131			$	45,141			$	95,349			$	90,020
Operating Income
Lawson	$	4,660			$	7,891			$	6,017			$	8,603
Bolt Supply	894				—				1,374				—
Consolidated total	5,554				7,891				7,391				8,603
Interest expense	(264		)		(166		)		(504		)		(260		)
Other (expense) income, net	(777		)		(115		)		(490		)		110
Income before income taxes	$	4,513			$	7,610			$	6,397			$	8,453

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- References

No definition available.

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- 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
-URI http://asc.fasb.org/topic&trid=2134510

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