XML 61 R35.htm IDEA: XBRL DOCUMENT
v3.20.4

Goodwill (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |
Goodwill Activity Related to Acquisitions | Goodwill activity related to acquisitions is included in the table below:
|  | (Dollars in Thousands)
|  | Goodwill By Reportable Segment
|  | Lawson |  | Bolt |  | Total
Beginning balance January 1, 2019 |  | $ | 7,174 |  |  | $ | 12,905 |  |  | $ | 20,079 |
Impact of foreign exchange |  | 205 |  |  | 649 |  |  | 854 |
Adjustment to prior year allocation |  | (10) |  |  | — |  |  | (10) |
Balance at December 31, 2019 |  | 7,369 |  |  | $ | 13,554 |  |  | 20,923 |
Impact of foreign exchange |  | 85 |  |  | 270 |  |  | 355 |
Acquisition (1) |  | 15,816 |  |  | — |  |  | 15,816 |
Impairment (2) |  | (1,918) |  |  | — |  |  | (1,918) |
Balance at December 31, 2020 |  | $ | 21,352 |  |  | $ | 13,824 |  |  | $ | 35,176 |
(1) The $15.8 million addition to goodwill in 2020 was due to the preliminary allocation of the purchase price to acquire Partsmaster. (2) The Company performed a quantitative goodwill impairment analysis as of December 1, 2020 for the Screw Products reporting unit. The Company engaged a third party valuation firm to determine the value of the Screw Products reporting unit, and determined that the carrying value of the net assets exceeded the fair value of the reporting unit, and accordingly, recognized an impairment charge of $1.9 million.

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

X
- Definition Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13854-109267 + Details
Name: | us-gaap_ScheduleOfGoodwillTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration