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Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of Financial Information of Reportable Segments | Financial information for the Company’s segments and reconciliations of that information to the unaudited condensed consolidated financial statements is presented below. Asset information by operating segment is not presented below since the chief operating decision maker does not review this information by segment.
| Three Months Ended June 30, |  | Six Months Ended June 30,
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023
Revenue |  |  |  |  |  |  |
Lawson | $ | 121,118 |  |  | $ | 119,147 |  |  | $ | 239,304 |  |  | $ | 244,427 |
TestEquity | 197,481 |  |  | 136,067 |  |  | 384,630 |  |  | 243,425 |
Gexpro Services | 107,134 |  |  | 108,274 |  |  | 205,785 |  |  | 209,290 |
All Other | 14,471 |  |  | 14,496 |  |  | 26,966 |  |  | 29,112 |
Intersegment revenue elimination | (668) |  |  | — |  |  | (1,063) |  |  | — |
Total revenue | $ | 439,536 |  |  | $ | 377,984 |  |  | $ | 855,622 |  |  | $ | 726,254 |
Operating income (loss) |  |  |  |  |  |  |
Lawson | $ | 6,129 |  |  | $ | 8,470 |  |  | $ | 10,236 |  |  | $ | 16,715 |
TestEquity | 703 |  |  | (3,182) |  |  | (5,391) |  |  | (3,156) |
Gexpro Services | 8,091 |  |  | 8,778 |  |  | 13,553 |  |  | 16,152 |
All Other | (765) |  |  | (290) |  |  | (1,457) |  |  | 786 |
Total operating income (loss) | $ | 14,158 |  |  | $ | 13,776 |  |  | $ | 16,941 |  |  | $ | 30,497 |
Intersegment revenue is eliminated in consolidation. Segment revenue and the elimination of intersegment revenue was as follows:
(in thousands) |  | Lawson |  | TestEquity |  | Gexpro Services |  | All Other |  | Elimination |  | Total
Three Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 121,089 |  |  | $ | 197,446 |  |  | $ | 106,530 |  |  | $ | 14,471 |  |  | $ | — |  |  | $ | 439,536 |
Intersegment revenue |  | 29 |  |  | 35 |  |  | 604 |  |  | — |  |  | (668) |  |  | — |
Revenue |  | $ | 121,118 |  |  | $ | 197,481 |  |  | $ | 107,134 |  |  | $ | 14,471 |  |  | $ | (668) |  |  | $ | 439,536 |
Three Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 119,147 |  |  | $ | 136,067 |  |  | $ | 108,274 |  |  | $ | 14,496 |  |  | $ | — |  |  | $ | 377,984 |
Intersegment revenue |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Revenue |  | $ | 119,147 |  |  | $ | 136,067 |  |  | $ | 108,274 |  |  | $ | 14,496 |  |  | $ | — |  |  | $ | 377,984 |
Six Months Ended June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 239,251 |  |  | $ | 384,511 |  |  | $ | 204,894 |  |  | $ | 26,966 |  |  | $ | — |  |  | $ | 855,622 |
Intersegment revenue |  | 53 |  |  | 119 |  |  | 891 |  |  | — |  |  | (1,063) |  |  | — |
Revenue |  | $ | 239,304 |  |  | $ | 384,630 |  |  | $ | 205,785 |  |  | $ | 26,966 |  |  | $ | (1,063) |  |  | $ | 855,622 |
Six Months Ended June 30, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenue from external customers |  | $ | 244,427 |  |  | $ | 243,425 |  |  | $ | 209,290 |  |  | $ | 29,112 |  |  |  |  | $ | 726,254 |
Intersegment revenue |  | — |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Revenue |  | $ | 244,427 |  |  | $ | 243,425 |  |  | $ | 209,290 |  |  | $ | 29,112 |  |  | $ | — |  |  | $ | 726,254 |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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