Segment Information (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Financial Information of Reportable Segments

Financial information for the Company’s segments and reconciliations of that information to the unaudited condensed consolidated financial statements is presented below. Asset information by operating segment is not presented below since the chief operating decision maker does not review this information by segment.

	Three Months Ended June 30,				Six Months Ended June 30,
(in thousands)	2024		2023		2024		2023
Revenue
Lawson	$	121,118	$	119,147	$	239,304	$	244,427
TestEquity	197,481		136,067		384,630		243,425
Gexpro Services	107,134		108,274		205,785		209,290
All Other	14,471		14,496		26,966		29,112
Intersegment revenue elimination	(668)		—		(1,063)		—
Total revenue	$	439,536	$	377,984	$	855,622	$	726,254
Operating income (loss)
Lawson	$	6,129	$	8,470	$	10,236	$	16,715
TestEquity	703		(3,182)		(5,391)		(3,156)
Gexpro Services	8,091		8,778		13,553		16,152
All Other	(765)		(290)		(1,457)		786
Total operating income (loss)	$	14,158	$	13,776	$	16,941	$	30,497

Intersegment revenue is eliminated in consolidation. Segment revenue and the elimination of intersegment revenue was as follows:

(in thousands)	Lawson		TestEquity		Gexpro Services		All Other		Elimination		Total
Three Months Ended June 30, 2024
Revenue from external customers	$	121,089	$	197,446	$	106,530	$	14,471	$	—	$	439,536
Intersegment revenue	29		35		604		—		(668)		—
Revenue	$	121,118	$	197,481	$	107,134	$	14,471	$	(668)	$	439,536
Three Months Ended June 30, 2023
Revenue from external customers	$	119,147	$	136,067	$	108,274	$	14,496	$	—	$	377,984
Intersegment revenue	—		—		—		—		—		—
Revenue	$	119,147	$	136,067	$	108,274	$	14,496	$	—	$	377,984
Six Months Ended June 30, 2024
Revenue from external customers	$	239,251	$	384,511	$	204,894	$	26,966	$	—	$	855,622
Intersegment revenue	53		119		891		—		(1,063)		—
Revenue	$	239,304	$	384,630	$	205,785	$	26,966	$	(1,063)	$	855,622
Six Months Ended June 30, 2023
Revenue from external customers	$	244,427	$	243,425	$	209,290	$	29,112			$	726,254
Intersegment revenue	—		—		—		—		—		—
Revenue	$	244,427	$	243,425	$	209,290	$	29,112	$	—	$	726,254