Schedule of Financial Information for the Company's Reportable Segments |
Financial information for the Company's reportable segments follows: | | | | | | | | | | | | | (Dollars in thousands) | | Year Ended December 31, | | 2021 | | 2020 | Net sales | | | | Lawson | $ | 371,668 | | | $ | 312,803 | | Bolt | 46,065 | | | 38,788 | | Consolidated total | $ | 417,733 | | | $ | 351,591 | | | | | | Gross profit | | | | Lawson | $ | 200,475 | | | $ | 171,258 | | Bolt | 18,760 | | | 15,280 | | Consolidated total | $ | 219,235 | | | $ | 186,538 | | | | | | Operating Income | | | | Lawson | $ | 8,193 | | | $ | 17,715 | | Bolt | 3,794 | | | 2,835 | | Consolidated total | 11,987 | | | 20,550 | | | | | | Interest expense | (869) | | | (654) | | Other income, net | 801 | | | 889 | | Income before income taxes | $ | 11,919 | | | $ | 20,785 | | | | | | Capital expenditures | | | | Lawson | $ | 7,460 | | | $ | 1,529 | | Bolt | 733 | | | 158 | | Consolidated total | $ | 8,193 | | | $ | 1,687 | | | | | | Depreciation and amortization | | | | Lawson | $ | 6,736 | | | $ | 5,343 | | Bolt | 1,605 | | | 1,358 | | Consolidated total | $ | 8,341 | | | $ | 6,701 | | | | | | Total assets | | | | Lawson | $ | 217,856 | | | $ | 221,490 | | Bolt | 47,085 | | | 43,533 | | Investment in Subsidiary | (8,784) | | | (8,719) | | Consolidated total | $ | 256,157 | | | $ | 256,304 | |
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Financial information by Geographic Area, Continuing Operations |
Financial information related to the Company’s operations by geographic area follows: | | | | | | | | | | | | | (Dollars in Thousands) | | Year Ended December 31, | | 2021 | | 2020 | Net sales (1) | | | | United States | $ | 337,981 | | | $ | 283,261 | | Canada | 79,752 | | | 68,330 | | Consolidated total | $ | 417,733 | | | $ | 351,591 | | | | | | Long-lived assets (2) | | | | United States | $ | 50,491 | | | $ | 44,395 | | Canada | 34,206 | | | 34,180 | | Consolidated total | $ | 84,697 | | | $ | 78,575 | |
(1) Net sales are attributed to countries based on the location of customers.
(2) Long-lived assets primarily consist of property, plant and equipment, goodwill, intangibles, right of use assets and other assets.
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