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Segment Information (Notes)
9 Months Ended
Sep. 30, 2018
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
Segment Information

With the acquisition of Bolt Supply in the fourth quarter of 2017, the Company 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 Supply segment primarily sells product to customers through its branch locations. Bolt Supply had 13 branches in operation at the end of the third quarter 2018.

Financial information for the Company's reportable segments follows:
 
(Dollars in thousands)
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
2018
 
2017
 
2018
 
2017
Revenue
 
 
 
 
 
 
 
   Lawson product revenue
$
68,539

 
$
75,651

 
$
206,108

 
$
225,274

   Lawson service revenue
10,153

 

 
29,627

 

   Total Lawson revenue
78,692

 
75,651

 
235,735

 
225,274

   Bolt Supply
9,838

 

 
27,636

 

      Consolidated total
$
88,530

 
$
75,651

 
$
263,371

 
$
225,274

 
 
 
 
 
 
 
 
Gross profit
 
 
 
 
 
 
 
Lawson product gross profit
$
37,742

 
$
46,005

 
$
113,291

 
$
136,025

Lawson service gross profit
6,710

 

 
19,380

 

Total Lawson gross profit
44,452

 
46,005

 
132,671

 
136,025

Bolt Supply
3,656

 

 
10,786

 

Consolidated total
$
48,108

 
$
46,005

 
$
143,457

 
$
136,025

 
 
 
 
 
 
 
 
Operating income (loss)
 
 
 
 
 
 
 
   Lawson
$
(2,955
)
 
$
1,090

 
$
3,062

 
$
9,693

   Bolt Supply
689

 

 
2,063

 

      Consolidated total
(2,266
)
 
1,090

 
5,125

 
9,693

Interest expense
(251
)
 
(133
)
 
(755
)
 
(393
)
Other income (expense), net
170

 
843

 
(320
)
 
953

      Income (loss) before income taxes
$
(2,347
)
 
$
1,800

 
$
4,050

 
$
10,253