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Leases (Notes)
12 Months Ended
Dec. 31, 2018
Leases [Abstract]  
Leases of Lessee Disclosure [Text Block]
Note 4 - Leases

In February 2016, the FASB established Topic ASC 842, Leases, by issuing Accounting Standards Update 2016-02. Lawson intends to adopt ASC 842 as of January 1, 2019. The Company leases property used for distribution centers, office space, and Bolt branch locations throughout the U.S. and Canada, along with various equipment located in distribution centers and corporate headquarters. The Company is also a lessor of its Decatur, Alabama property previously used in conjunction with a discontinued operation, and is a sublessor of a portion of its corporate headquarters. We do not expect a significant change in our leasing activities between now and the adoption of ASC 842.

The Company expects that the adoption of ASC 842 will have a minimal impact on the operating results of the Company. Upon adoption, the Company will recognize a ROU asset and lease liability for operating leases of approximately $6.8 million and $8.8 million, respectively, as well as reduce a deferred rent liability by approximately $2.0 million. The remaining previously recognized finance lease asset associated with the McCook lease of $4.5 million and the remaining previously recognized finance lease liability of $6.4 million will be derecognized. This will create an increase to beginning retained earnings of approximately $1.9 million. Upon reassessment of the built-to-suit McCook financing lease, a ROU asset and lease liability of approximately $5.3 million will be recorded. Our conclusions are preliminary and subject to change as we finalize our analysis. We will expand our consolidated financial statements disclosure upon adoption of the new standard. The Company will adopt this standard on January 1, 2019 and prior periods will not be recast in transition.