XML 31 R21.htm IDEA: XBRL DOCUMENT
v3.19.2

Leases (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2019
Leases [Abstract] |
Net Lease Cost | The expenses and income generated by the leasing activity of Lawson as lessee for the three and six months ending June 30, 2019 are as follows (Dollars in thousands):
Lease Type |  | Classification |  | Three Months Ending June 30, 2019 |  | Six Months Ending June 30, 2019
Consolidated Operating Lease Expense (1) |  | Operating expenses |  | $ | 1,227 |  |  | $ | 2,502 |
Consolidated Financing Lease Amortization |  | Operating expenses |  | 51 |  |  | 99 |
Consolidated Financing Lease Interest |  | Interest expense |  | 7 |  |  | 13 |
Consolidated Financing Lease Expense |  |  |  | 58 |  |  | 112 |
Sublease Income (2) |  | Operating expenses |  | (80 | ) |  | (160 | )
Net Lease Cost |  |  |  | $ | 1,205 |  |  | $ | 2,454 |
(1) Includes short term lease expense, which is immaterial (2) Sublease income from sublease of a portion of the Company headquarters. The sublease was terminated in June 2019 and the Company has no other subleases.
Value of Net Assets and Liabilities of Leasing Activities | The value of the net assets and liabilities generated by the leasing activity of Lawson as lessee as of June 30, 2019 are as follows (Dollars in thousands):
Lease Type |  | Amount
Total ROU operating lease assets (1) |  | $ | 11,142 |
Total ROU financing lease assets (2) |  | 698 |
Total lease assets |  | $ | 11,840 |
Total current operating lease obligation |  | $ | 3,434 |
Total current financing lease obligation |  | 274 |
Total current lease obligations |  | $ | 3,708 |
Total long term operating lease obligation |  | $ | 10,089 |
Total long term financing lease obligation |  | 411 |
Total long term lease obligation |  | $ | 10,500 |
(1) Operating lease assets are recorded net of accumulated amortization of $1.4 million as of June 30, 2019 (2) Financing lease assets are recorded net of accumulated amortization of $0.1 million as of June 30, 2019
Value of Lease Liabilities Generated by Leasing Activities | The value of the lease liabilities generated by the leasing activities of Lawson as lessee as of June 30, 2019 were as follows (Dollars in thousands):
Maturity Date of Lease Liabilities |  | Operating Leases |  | Financing Leases |  | Total
Year one |  | $ | 4,032 |  |  | $ | 267 |  |  | $ | 4,299 |
Year two |  | 4,044 |  |  | 240 |  |  | 4,284 |
Year three |  | 3,981 |  |  | 126 |  |  | 4,107 |
Year four |  | 1,880 |  |  | 79 |  |  | 1,959 |
Year five |  | 845 |  |  | 25 |  |  | 870 |
Subsequent years |  | 55 |  |  | — |  |  | 55 |
Total lease payments |  | 14,837 |  |  | 737 |  |  | 15,574 |
Less: Interest |  | 1,314 |  |  | 52 |  |  | 1,366 |
Present value of lease liabilities |  | $ | 13,523 |  |  | $ | 685 |  |  | $ | 14,208 |
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block] | December 31, 2018, were as follows (Dollars in thousands):
Maturity Date of Lease Liabilities | Operating Leases (2)(3) | Financing Lease (3)(4) | Capital Leases (4)
Year one |  | $ | 2,574 |  |  | $ | 1,395 |  |  | $ | 201 |
Year two |  | 2,369 |  |  | 1,444 |  |  | 155 |
Year three |  | 2,349 |  |  | 1,493 |  |  | 91 |
Year four |  | 2,008 |  |  | 760 |  |  | 11 |
Year five |  | 1,130 |  |  | — |  |  | — |
Subsequent years |  | 374 |  |  | — |  |  | — |
Total lease payments (1) |  | $ | 10,804 |  |  | $ | 5,092 |  |  | $ | 458 |
Lease Disclosures | he weighted average lease terms and interest rates of the leases held by Lawson as of June 30, 2019 are as follows:
Lease Type |  | Weighted Average Term in Years |  | Weighted Average Interest Rate
Operating Leases |  | 3.8 |  | 5.2%
Financing Leases |  | 3.2 |  | 5.5%
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block] | The cash outflows of the leasing activity of Lawson as lessee for the six months ending June 30, 2019 are as follows (Dollars in thousands):
Cash Flow Source |  | Classification |  | Amount
Operating cash flows from operating leases |  | Operating activities |  | $ | 1,857 |
Operating cash flows from financing leases |  | Operating activities |  | 7 |
Financing cash flows from financing leases |  | Financing activities |  | 123 |
Operating Lease Income | Annual lease income classified as operating expenses of $0.2 million is anticipated through the earlier of the put option exercise or February, 2024.

X
- Definition Lessee, Assets and Liabilities Disclosure [Table Text Block] + References No definition available. + Details
Name: | laws_LesseeAssetsandLiabilitiesDisclosureTableTextBlock
Namespace Prefix: | laws_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Lessee, Operating Lease and Finance Lease, Liability, Maturity [Table Text Block] + References No definition available. + Details
Name: | laws_LesseeOperatingLeaseandFinanceLeaseLiabilityMaturityTableTextBlock
Namespace Prefix: | laws_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the aggregate amount of payments due on known contractual obligations for the five years following the date of the latest balance sheet and the combined aggregate amount of maturities of known contractual obligations. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher SEC -Name Regulation S-K (SK) -Number 229 -Section 303 -Paragraph a -Subparagraph 5 + Details
Name: | us-gaap_ContractualObligationFiscalYearMaturityScheduleTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of lessee's lease cost. Includes, but is not limited to, interest expense for finance lease, amortization of right-of-use asset for finance lease, operating lease cost, short-term lease cost, variable lease cost and sublease income. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918686-209980 + Details
Name: | us-gaap_LeaseCostTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

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

X
- Definition Tabular disclosure of components of income from operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 30 -Section 50 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=77888428&loc=SL77919372-209981 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 6A -URI http://asc.fasb.org/extlink&oid=109225645&loc=SL77927221-108306 + Details
Name: | us-gaap_OperatingLeaseLeaseIncomeTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for lessee's operating leases. Includes, but is not limited to, description of lessee's operating lease, existence and terms of renewal or purchase options and escalation clauses, restrictions imposed by lease, such as those concerning dividends, additional debt, and further leasing, rent holidays, rent concessions, or leasehold improvement incentives and unusual provisions or conditions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=115931803&loc=d3e12069-110248 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41502-112717 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=77902758&loc=d3e41499-112717 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 55 -Paragraph 40 -Subparagraph (Note 1,3) -URI http://asc.fasb.org/extlink&oid=82846649&loc=d3e38371-112697 Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84164451&loc=d3e36991-112694 + Details
Name: | us-gaap_OperatingLeasesOfLesseeDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of supplemental cash flow information for the periods presented. + References No definition available. + Details
Name: | us-gaap_ScheduleOfCashFlowSupplementalDisclosuresTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration