Segment Information (Notes)

3 Months Ended

Mar. 31, 2020

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 of 2020.

Financial information for the Company's reportable segments follows:

	(Dollars in thousands)
	Three Months Ended March 31,
	2020			2019
Revenue
Lawson product revenue	$	71,791		$	73,039
Lawson service revenue	9,700			9,428
Total Lawson revenue	81,491			82,467
Bolt Supply	9,544			8,876
Consolidated total	$	91,035		$	91,343
Gross profit
Lawson product gross profit	$	39,729		$	40,604
Lawson service gross profit	5,391			5,015
Total Lawson gross profit	45,120			45,619
Bolt Supply	3,801			3,304
Consolidated total	$	48,921		$	48,923
Operating income
Lawson	$	18,094		$	5,458
Bolt Supply	544			86
Consolidated total	18,638			5,544
Interest expense	(115		)	(197		)
Other income (expense), net	(1,111		)	472
Income before income taxes	$	17,412		$	5,819