XML 32 R22.htm IDEA: XBRL DOCUMENT
v3.20.2

Segment Information | 9 Months Ended
--- | ---
Sep. 30, 2020
Segment Reporting [Abstract] |
Segment Information | Segment Information The Company operates in two reportable segments. The businesses have been 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. Given the nature of the acquired Partsmaster business, it is included in the Lawson segment for reporting purposes. The Bolt Supply segment primarily sells product to customers through its branch locations. Bolt Supply had 14 branches in operation at the end of the third quarter of 2020. Financial information for the Company's reportable segments follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Revenue |  |  |  |  |  |  |
Lawson | $ | 79,806 |  |  | $ | 83,461 |  |  | $ | 224,511 |  |  | $ | 250,895 |
Bolt Supply | 10,471 |  |  | 11,318 |  |  | 28,947 |  |  | 31,324 |
Consolidated total | $ | 90,277 |  |  | $ | 94,779 |  |  | $ | 253,458 |  |  | $ | 282,219 |
Gross profit |  |  |  |  |  |  |
Lawson | $ | 43,038 |  |  | $ | 46,148 |  |  | $ | 123,031 |  |  | $ | 138,524 |
Bolt Supply | 4,187 |  |  | 4,426 |  |  | 11,428 |  |  | 12,016 |
Consolidated total | $ | 47,225 |  |  | $ | 50,574 |  |  | $ | 134,459 |  |  | $ | 150,540 |
Operating income |  |  |  |  |  |  |
Lawson | $ | 1,112 |  |  | $ | 5,377 |  |  | $ | 19,003 |  |  | $ | 11,490 |
Bolt Supply | 889 |  |  | 1,069 |  |  | 2,205 |  |  | 2,123 |
Consolidated total | 2,001 |  |  | 6,446 |  |  | 21,208 |  |  | 13,613 |
Interest expense | (142) |  |  | (138) |  |  | (329) |  |  | (481) |
Other income (expense), net | 615 |  |  | (13) |  |  | 15 |  |  | 798 |
Income before income taxes | $ | 2,474 |  |  | $ | 6,295 |  |  | $ | 20,894 |  |  | $ | 13,930 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
Name: | us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration