Segment Information (Tables)

9 Months Ended

Sep. 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.

	Three Months Ended September 30,				Nine Months Ended September 30,
(in thousands)	2024		2023		2024		2023
Revenue
Lawson	$	117,957	$	114,477	$	357,261	$	358,903
TestEquity	195,244		207,657		579,874		451,082
Gexpro Services	116,141		103,232		321,926		312,523
Canada Branch Division	39,092		13,543		66,058		42,655
Intersegment revenue elimination	(415)		—		(1,478)		—
Total revenue	$	468,019	$	438,909	$	1,323,641	$	1,165,163
Operating income (loss)
Lawson	$	726	$	10,643	$	10,962	$	27,358
TestEquity	4,329		(5,027)		(1,062)		(8,183)
Gexpro Services	11,543		7,332		25,096		23,484
Canada Branch Division	2,523		1,468		4,846		4,545
All Other	(174)		(1,633)		(3,954)		(3,924)
Total operating income (loss)	$	18,947	$	12,783	$	35,888	$	43,280

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

(in thousands)	Lawson		TestEquity		Gexpro Services		Canada Branch Division		Elimination		Total
Three Months Ended September 30, 2024
Revenue from external customers	$	117,953	$	195,210	$	115,764	$	39,092	$	—	$	468,019
Intersegment revenue	4		34		377		—		(415)		—
Revenue	$	117,957	$	195,244	$	116,141	$	39,092	$	(415)	$	468,019
Three Months Ended September 30, 2023
Revenue from external customers	$	114,477	$	207,657	$	103,232	$	13,543	$	—	$	438,909
Intersegment revenue	—		—		—		—		—		—
Revenue	$	114,477	$	207,657	$	103,232	$	13,543	$	—	$	438,909
Nine Months Ended September 30, 2024
Revenue from external customers	$	357,204	$	579,721	$	320,658	$	66,058	$	—	$	1,323,641
Intersegment revenue	57		153		1,268		—		(1,478)		—
Revenue	$	357,261	$	579,874	$	321,926	$	66,058	$	(1,478)	$	1,323,641
Nine Months Ended September 30, 2023
Revenue from external customers	$	358,903	$	451,082	$	312,523	$	42,655			$	1,165,163
Intersegment revenue	—		—		—		—		—		—
Revenue	$	358,903	$	451,082	$	312,523	$	42,655	$	—	$	1,165,163

Total assets by segment were as follows:

(in thousands)	September 30, 2024		December 31, 2023
Total assets by segment
Lawson	$	554,384	$	467,195
TestEquity	651,667		638,950
Gexpro Services	333,591		329,799
Canada Branch Division	193,283		71,446
All Other	52,017		42,941
Total	$	1,784,942	$	1,550,331