Segment Information

12 Months Ended

Dec. 31, 2017

Segment Reporting [Abstract]

Segment Reporting

Information

With the acquisition of Bolt in 2017, the Company now operates in two reportable segments. The businesses were 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. The Bolt segment primarily sells product to customers when the customers visit one of Bolt's 13 branch locations and the product is delivered to the customers at the spot of sale.

Financial information for the Company's reportable segments follows:

	(Dollars in thousands)
	Year Ended December 31,
	2017			2016			2015
Net sales
Lawson	$	297,953		$	276,573		$	275,834
Bolt	7,954			—			—
Consolidated total	$	305,907		$	276,573		$	275,834
Gross profit
Lawson	$	179,578		$	168,062		$	169,124
Bolt	3,440			—			—
Consolidated total	$	183,018		$	168,062		$	169,124
Operating Income (loss)
Lawson	$	3,958		$	(1,457	)	$	3,052
Bolt	556			—			—
Gain on sale of property	5,422			—			—
Environmental remediation expense	—			—			(931		)
Consolidated total	9,936			(1,457		)	2,121
Interest expense	(622		)	(496		)	(766		)
Other income (expense), net	780			422			(203		)
Income (loss) before income taxes	$	10,094		$	(1,531	)	$	1,152
Capital expenditures
Lawson	$	1,251		$	3,112		$	2,342
Bolt	5			—			—
Consolidated total	$	1,256		$	3,112		$	2,342
Depreciation and amortization
Lawson	$	6,486		$	8,066		$	8,543
Bolt	284			—			—
Consolidated total	$	6,770		$	8,066		$	8,543
Total assets
Lawson	$	161,076		$	135,307		$	133,094
Bolt	38,423			—			—
Intercompany note receivable	(8,832		)	—			—
Consolidated total	$	190,667		$	135,307		$	133,094

Financial information related to the Company’s continuing operations by geographic area follows:

	(Dollars in thousands)
	Year Ended December 31,
	2017		2016		2015
Net sales (1)
United States	$	266,994	$	250,824	$	251,129
Canada	38,913		25,749		24,705
Consolidated total	$	305,907	$	276,573	$	275,834
Long-lived assets (2)
United States	$	24,686	$	30,041	$	33,813
Canada	34,322		7,425		242
Consolidated total	$	59,008	$	37,466	$	34,055

(1)    Net sales are attributed to countries based on the location of customers.

(2)    Long-lived assets primarily consist of property, plant and equipment, goodwill, intangibles and other assets.