Segment Information (Notes)

3 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

Segment Reporting Disclosure [Text Block]

Segment Information

The Company operates in two reportable segments. The businesses have been 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 14 branches in operation at the end of the first quarter 2019.

Financial information for the Company's reportable segments follows:

	(Dollars in thousands)
	Three Months Ended March 31,
	2019			2018
Revenue
Lawson product revenue	$	73,039		$	66,937
Lawson service revenue	9,428			9,489
Total Lawson revenue	82,467			76,426
Bolt Supply	8,876			8,033
Consolidated total	$	91,343		$	84,459
Gross profit
Lawson product gross profit	$	40,604		$	36,842
Lawson service gross profit	5,015			6,080
Total Lawson gross profit	45,619			42,922
Bolt Supply	3,304			3,296
Consolidated total	$	48,923		$	46,218
Operating income
Lawson	$	5,263		$	1,357
Bolt Supply	281			480
Consolidated total	5,544			1,837
Interest expense	(197		)	(240		)
Other income, net	472			287
Income before income taxes	$	5,819		$	1,884