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Segment Information
9 Months Ended
Sep. 30, 2020
Segment Reporting [Abstract]  
Segment Information 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. Given the nature of the acquired Partsmaster business, it is included in the Lawson segment for reporting purposes. 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 third quarter of 2020.

Financial information for the Company's reportable segments follows:

Three Months Ended
September 30,
Nine Months Ended
September 30,
2020201920202019
Revenue
Lawson$79,806 $83,461 $224,511 $250,895 
   Bolt Supply10,471 11,318 28,947 31,324 
      Consolidated total$90,277 $94,779 $253,458 $282,219 
Gross profit
Lawson$43,038 $46,148 $123,031 $138,524 
Bolt Supply4,187 4,426 11,428 12,016 
Consolidated total$47,225 $50,574 $134,459 $150,540 
Operating income
   Lawson$1,112 $5,377 $19,003 $11,490 
   Bolt Supply889 1,069 2,205 2,123 
      Consolidated total2,001 6,446 21,208 13,613 
Interest expense(142)(138)(329)(481)
Other income (expense), net615 (13)15 798 
      Income before income taxes$2,474 $6,295 $20,894 $13,930