Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Acquisitions [Abstract]

Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]

A summary of the purchase price allocation of the acquisitions is as follows:

	(Dollars in thousands)
	December 31,
	2018		2017
Cash paid and liabilities assumed
Cash paid	$	5,150	$	32,286
Deferred tax liability	—		3,065
Other liabilities	158		2,434
Contingent consideration	65		—
	$	5,373	$	37,785
Fair value of assets acquired
Goodwill	$	1,929	$	14,176
Trade names	470		7,241
Inventory	123		6,315
Customer relationships	2,580		4,186
Accounts receivable	271		3,323
Property, plant and equipment	—		1,796
Other assets	—		748
	$	5,373	$	37,785

Business Acquisition, Pro Forma Information, Nonrecurring Adjustments [Table Text Block]

The following table contains unaudited pro forma net sales and net income for Lawson Products assuming the Screw Products acquisition closed on January 1, 2017 and the Bolt acquisition closed on January 1, 2016.

	(Dollars in thousands)
	Year Ended December 31,
	2018		2017
Net Sales
Actual	$	349,637	$	305,907
Pro forma (unaudited)	$	351,916	$	334,554
Net income
Actual	$	6,214	$	29,688
Pro forma (unaudited)	$	6,674	$	31,111

The pro forma disclosures in the table above include adjustments for, amortization of intangible assets, interest expense, tax expenses and the impact of pro forma adjustments and acquisition costs to reflect results that are more representative of the combined results of the transactions as if the Screw Products acquisition closed on January 1, 2017 and the Bolt acquisition closed on January 1, 2016. This pro forma information utilizes certain estimates, is presented for illustrative purposes only and may not be indicative of the results of operation that would have actually occurred. In addition, future results may vary significantly from the results reflected in the pro forma information. The unaudited pro forma financial information does not reflect the impact of future events that may occur after the acquisition, such as anticipated cost savings from operating synergies.