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Segment Information | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
Segment Information | Note 14 – Segment Information Based on operational, reporting and management structures, the Company has identified three reportable segments based on the nature of the products and services and type of customer for those products and services. A description of our reportable segments is as follows: Lawson is a distributor of specialty products and services to the industrial, commercial, institutional and government maintenance, repair and operations market. TestEquity is a distributor of test and measurement equipment and solutions, industrial and electronic production supplies, vendor managed inventory programs, and converting, fabrication and adhesive solutions from its leading manufacturer partners supporting the aerospace and defense, wireless and communication, semiconductors, industrial electronics and automotive, and electronics manufacturing industries. Gexpro Services is a global supply chain solutions provider, specializing in the development of mission critical production line management, aftermarket and field installation programs. The Company also has an “All Other” category which includes unallocated DSG holding company costs that are not directly attributable to the ongoing operating activities of our reportable segments and includes the results of the Bolt Supply House ("Bolt") non-reportable segment. Revenue within the All Other category represents the results of Bolt. Bolt generates revenue primarily from the sale of MRO products to its walk-up customers and service to its customers through its 14 branch locations. Bolt does not provide VMI services for its customers or provide services in addition to product sales to customers. Revenue is recognized at the time that control of the product has been transferred to the customer which is either upon delivery or shipment depending on the terms of the contract. Financial information for the Company's segments and reconciliations of that information to the consolidated financial statements is presented below.
| Year Ended December 31,
(in thousands) | 2023 |  | 2022
Revenue |  |  |
Lawson(1) | $ | 468,711 |  |  | $ | 324,783 |
TestEquity | 641,768 |  |  | 392,358 |
Gexpro Services | 405,733 |  |  | 385,326 |
All Other(2) | 55,890 |  |  | 48,955 |
Intersegment revenue elimination | (1,700) |  |  | — |
Total revenue | $ | 1,570,402 |  |  | $ | 1,151,422 |
Operating income (loss) |  |  |
Lawson(1) | $ | 32,498 |  |  | $ | 6,536 |
TestEquity | (16,465) |  |  | 11,375 |
Gexpro Services | 27,000 |  |  | 21,291 |
All Other(2) | (42) |  |  | 2,584 |
Total operating income (loss) | $ | 42,991 |  |  | $ | 41,786 |
(1) Includes the operating results of Lawson only subsequent to the Merger Date of April 1, 2022 and not Lawson operating results prior to the Mergers. (2) Includes the operating results of All Other only subsequent to the Merger Date of April 1, 2022 and not All Other operating results prior to the Mergers. Segment revenue includes revenue from sales to external customers and intersegment revenue from sales transactions between segments. The Company accounts for intersegment sales similar to third party transactions that are conducted on an arm's-length basis and reflect current market prices. Intersegment revenue is eliminated in consolidation and is not included in consolidated revenue on the financial statements. Segment revenue and the elimination of intersegment revenue was as follows:
(in thousands) |  | Lawson |  | TestEquity |  | Gexpro Services |  | All Other |  | Elimination |  | Total
Year Ended December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 468,379 |  |  | $ | 641,643 |  |  | $ | 404,490 |  |  | $ | 55,890 |  |  | $ | — |  |  | $ | 1,570,402 |
Intersegment revenue |  | 332 |  |  | 125 |  |  | 1,243 |  |  | — |  |  | (1,700) |  |  | — |
Revenue |  | $ | 468,711 |  |  | $ | 641,768 |  |  | $ | 405,733 |  |  | $ | 55,890 |  |  | $ | (1,700) |  |  | $ | 1,570,402 |
Year Ended December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 324,783 |  |  | $ | 392,358 |  |  | $ | 385,326 |  |  | $ | 48,955 |  |  | $ | — |  |  | $ | 1,151,422 |
Intersegment revenue |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Revenue |  | $ | 324,783 |  |  | $ | 392,358 |  |  | $ | 385,326 |  |  | $ | 48,955 |  |  | $ | — |  |  | $ | 1,151,422 |
Long-lived assets, which includes property, plant and equipment, rental equipment, goodwill, intangibles, right of use operating lease assets, and other assets, were as follows:
| December 31,
(in thousands) | 2023 |  | 2022
Long-lived assets by segment |  |  |
Lawson | $ | 312,136 |  |  | $ | 324,732 |
TestEquity | 378,348 |  |  | 201,919 |
Gexpro Services | 141,797 |  |  | 152,720 |
All Other | 42,132 |  |  | 40,696 |
Total | $ | 874,413 |  |  | $ | 720,067 |
Long-lived assets by geographic area |  |  |
United States | $ | 765,160 |  |  | $ | 580,870 |
Canada | 72,054 |  |  | 70,561 |
Europe | 32,997 |  |  | 67,957 |
Pacific Rim | 417 |  |  | — |
Latin America | 3,785 |  |  | 679 |
Total | $ | 874,413 |  |  | $ | 720,067 |
Refer to Note 4 – Revenue Recognition for disaggregated revenue by geographic area. Capital expenditures and depreciation and amortization by segment were as follows:
| Year Ended December 31,
(in thousands) | 2023 |  | 2022
Capital expenditures |  |  |
Lawson(1) | $ | 6,626 |  |  | $ | 3,737 |
TestEquity | 2,955 |  |  | 250 |
Gexpro Services | 5,053 |  |  | 3,809 |
All Other(2) | 703 |  |  | 511 |
Total | $ | 15,337 |  |  | $ | 8,307 |
Depreciation and amortization |  |  |
Lawson(1) | $ | 19,532 |  |  | $ | 10,594 |
TestEquity | 26,002 |  |  | 17,480 |
Gexpro Services | 15,986 |  |  | 15,175 |
All Other(2) | 2,068 |  |  | 1,937 |
Total | $ | 63,588 |  |  | $ | 45,186 |
(1) Includes Lawson's activities only subsequent to the Merger Date of April 1, 2022 and not prior to the Mergers. (2) Includes the activities of All Other only subsequent to the Merger Date of April 1, 2022 and not prior to the Mergers.

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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/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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