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Segment Information
3 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
The Company's operating segments, Lawson and Bolt Supply, also represent its reportable segments because of differences in the businesses' financial characteristics and the methods they employ to deliver product to customers. The results of the Company's 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' location and produce sales orders for product that is then shipped to the customer and also provides VMI services. The Bolt Supply segment primarily sells product to customers when the customers visit one of Bolt's 14 branch locations and the product is delivered to the customers at the point of sale. The Bolt Supply segment total assets include the value of the acquired intangibles and the related amortization within its operating income.

Financial information for the Company's reportable segments follows:
(Dollars in thousands)
Three Months Ended
March 31,
20222021
Revenue
Lawson$104,902 $93,330 
   Bolt Supply12,975 10,226 
      Consolidated total$117,877 $103,556 
Gross profit
Lawson$55,531 $50,408 
Bolt Supply4,967 4,152 
Consolidated total$60,498 $54,560 
Operating income
   Lawson$11,096 $4,256 
   Bolt Supply980 554 
      Consolidated total12,076 4,810 
Interest expense(95)(323)
Other income, net204 372 
      Income before income taxes$12,185 $4,859