Distribution Solutions (DSGR) 10-Q 24 Oct 19 2019 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 15, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017
Document and Entity Information [Abstract]
Entity Registrant Name	LAWSON PRODUCTS INC/NEW/DE/
Entity Central Index Key	0000703604
Document Type	10-Q
Document Period End Date	Sep. 30, 2019
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q3
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Current Reporting Status	Yes
Entity Emerging Growth Company	false
Entity Shell Company	false
Common Stock, Shares, Outstanding	8,956,981	8,961,648	8,983,162	8,962,450	8,955,930	8,919,644	8,918,639	8,888,335	8,888,028

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Current assets:
Cash and cash equivalents	$ 8,626	$ 11,883
Restricted cash	800	800
Accounts receivable, less allowance for doubtful accounts of $614 and $549, respectively	45,162	37,682
Allowance for Doubtful Accounts	614	549
Inventories, net	54,894	52,887
Miscellaneous receivables and prepaid expenses	4,270	3,653
Total current assets	113,752	106,905
Property, plant and equipment, net	16,932	23,548
Deferred income taxes	17,372	20,592
Goodwill	20,582	20,079
Cash value of life insurance	14,440	12,599
Intangible assets, net	12,468	13,112
Lease Assets, Right-of-Use Asset	11,917	0
Other assets	275	307
Total assets	207,738	197,142
Current liabilities:
Revolving lines of credit	2,195	10,823
Accounts payable	16,325	15,207
Lease obligation	3,781	0
Accrued expenses and other liabilities	37,873	40,179
Total current liabilities	60,174	66,209
Noncurrent liabilities:
Security bonus plan	11,969	12,413
Lease obligation	10,360	5,213
Deferred compensation	5,915	5,304
Deferred tax liability	2,879	2,761
Other liabilities	3,460	6,069
Total liabilities	94,757	97,969
Stockholders' equity:
Authorized - 500,000 shares, Issued and outstanding — None	0	0
Authorized - 35,000,000 shares Issued - 9,042,597 and 9,005,716 shares, respectively Outstanding - 8,956,981 and 8,955,930 shares, respectively	9,043	9,006
Capital in excess of par value	17,626	15,623
Retained earnings	89,502	77,338
Treasury stock – 85,616 and 49,786 shares, respectively	(2,595)	(1,234)
Accumulated other comprehensive loss	(595)	(1,560)
Total stockholders’ equity	112,981	99,173
Total liabilities and stockholders’ equity	$ 207,738	$ 197,142

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 1	$ 1
Preferred stock, shares authorized	500,000	500,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 1	$ 1
Common stock, shares authorized	35,000,000	35,000,000
Common stock, shares issued	9,042,597	9,005,716
Common stock, shares outstanding	8,956,981	8,955,930
Treasury Stock, Shares	85,616	49,786

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income (loss) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Total revenue	$ 94,779	$ 88,530	$ 282,219	$ 263,371
Gross profit	50,574	48,108	150,540	143,457
Operating expenses:
Selling expenses	21,255	22,175	64,864	66,119
General and administrative expenses	22,873	28,199	72,063	72,213
Operating expenses	44,128	50,374	136,927	138,332
Operating income (loss)	6,446	(2,266)	13,613	5,125
Interest expense	(138)	(251)	(481)	(755)
Other income (expense), net	13	(170)	(798)	320
Income (loss) before income taxes	6,295	(2,347)	13,930	4,050
Income tax expense (benefit)	1,521	(1,531)	3,703	436
Net income	$ 4,774	$ (816)	$ 10,227	$ 3,614
Basic income per share of common stock	$ 0.53	$ (0.09)	$ 1.14	$ 0.41
Diluted income per share of common stock	$ 0.51	$ (0.09)	$ 1.09	$ 0.39
Weighted average shares outstanding:
Basic weighted average shares outstanding	8,974	8,919	8,971	8,904
Effect of dilutive securities outstanding	415	0	399	346
Diluted weighted average shares outstanding	9,389	8,919	9,370	9,250
Comprehensive income (loss):
Net income	$ 4,774	$ (816)	$ 10,227	$ 3,614
Adjustment for foreign currency translation	(427)	692	965	(769)
Net comprehensive income (loss)	4,347	(124)	11,192	2,845
Product [Member]
Revenue	84,440	78,377	252,351	233,744
Cost of goods sold	39,635	36,979	118,222	109,667
Service [Member]
Revenue	10,339	10,153	29,868	29,627
Cost of goods sold	$ 4,570	$ 3,443	$ 13,457	$ 10,247

Condensed Consolidated Statemen

Condensed Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Total	Retained Earnings [Member]	Treasury Stock, Common [Member]	Accumulated Foreign Currency Adjustment Attributable to Parent [Member]	Common Stock [Member]	Additional Paid-in Capital [Member]
Common Stock, Shares, Outstanding	8,888,028
Common Stock Outstanding, $1 Par Value	$ 8,921,000
Capital in Excess of Par Value	13,005,000
Retained Earnings	71,453,000
Treasury Stock	(711,000)
Accumulated Other Comprehensive Income (Loss)	822,000
Total Stockholders' Equity	93,490,000
Net income	1,236,000	$ 1,236,000
Adjustment for foreign currency translation	(1,483,000)			$ (1,483,000)
Stock-based compensation	$ 651,000					$ 651,000
Shares Issued	307
Shares Issued, Par Value	$ 0				$ 1,000	(1,000)
Net income	3,614,000
Adjustment for foreign currency translation	$ (769,000)
Common Stock, Shares, Outstanding	8,888,335
Common Stock Outstanding, $1 Par Value	$ 8,922,000
Capital in Excess of Par Value	13,655,000
Retained Earnings	72,360,000
Treasury Stock	(711,000)
Accumulated Other Comprehensive Income (Loss)	(661,000)
Total Stockholders' Equity	93,565,000
Change in accounting principle	(329,000)	(329,000)
Net income	3,194,000	3,194,000
Adjustment for foreign currency translation	22,000			22,000
Stock-based compensation	$ 673,000					673,000
Shares Issued	30,304
Shares Issued, Par Value	$ 0				30,000	(30,000)
Common Stock, Shares, Outstanding	8,918,639
Common Stock Outstanding, $1 Par Value	$ 8,952,000
Capital in Excess of Par Value	14,298,000
Retained Earnings	75,554,000
Treasury Stock	(711,000)
Accumulated Other Comprehensive Income (Loss)	(639,000)
Total Stockholders' Equity	97,454,000
Net income	(816,000)	(816,000)
Adjustment for foreign currency translation	692,000			692,000
Stock-based compensation	$ 692,000					692,000
Shares Issued	1,005
Shares Issued, Par Value	$ 0				1,000	(1,000)
Common Stock, Shares, Outstanding	8,919,644
Common Stock Outstanding, $1 Par Value	$ 8,953,000
Capital in Excess of Par Value	14,989,000
Retained Earnings	74,738,000
Treasury Stock	(711,000)
Accumulated Other Comprehensive Income (Loss)	53,000
Total Stockholders' Equity	$ 98,022,000
Common Stock, Shares, Outstanding	8,955,930
Common Stock Outstanding, $1 Par Value	$ 9,006,000
Capital in Excess of Par Value	15,623,000
Retained Earnings	77,338,000
Treasury Stock	(1,234,000)
Accumulated Other Comprehensive Income (Loss)	(1,560,000)
Total Stockholders' Equity	99,173,000
Net income	4,146,000	4,146,000
Adjustment for foreign currency translation	675,000			675,000
Stock-based compensation	$ 666,000					666,000
Shares issued, Par Value	6,520
Shares Issued, Par Value	$ 0				6,000	(6,000)
Net income	$ 10,227,000
Treasury Stock, Value, Acquired, Cost Method	32,362
Adjustment for foreign currency translation	$ 965,000
Common Stock, Shares, Outstanding	8,962,450
Common Stock Outstanding, $1 Par Value	$ 9,012,000
Capital in Excess of Par Value	16,283,000
Retained Earnings	83,421,000
Treasury Stock	(1,234,000)
Accumulated Other Comprehensive Income (Loss)	(885,000)
Total Stockholders' Equity	106,597,000
Change in accounting principle	1,937,000	1,900,000
Net income	1,307,000	1,307,000
Adjustment for foreign currency translation	717,000			717,000
Stock-based compensation	$ 711,000					711,000
Shares issued, Par Value	20,712
Shares Issued, Par Value	$ 0				21,000	(21,000)
Common Stock, Shares, Outstanding	8,983,162
Common Stock Outstanding, $1 Par Value	$ 9,033,000
Capital in Excess of Par Value	16,973,000
Retained Earnings	84,728,000
Treasury Stock	(1,234,000)
Accumulated Other Comprehensive Income (Loss)	(168,000)
Total Stockholders' Equity	109,332,000
Net income	$ 4,774,000	$ 4,774,000
Treasury Stock, Value, Acquired, Cost Method	(35,830)
Treasury Stock, Value, Acquired, Cost Method	$ (1,361,000)		$ (1,361,000)
Adjustment for foreign currency translation	(427,000)			$ (427,000)
Stock-based compensation	$ 663,000					663,000
Shares issued, Par Value	9,649
Shares Issued, Par Value	$ 0				$ 10,000	$ (10,000)
Common Stock, Shares, Outstanding	8,956,981
Common Stock Outstanding, $1 Par Value	$ 9,043,000
Capital in Excess of Par Value	17,626,000
Retained Earnings	89,502,000
Treasury Stock	(2,595,000)
Accumulated Other Comprehensive Income (Loss)	(595,000)
Total Stockholders' Equity	$ 112,981,000

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Statement of Cash Flows [Abstract]
Income Taxes Paid	$ 458	$ 1,135
Operating activities:
Net income	10,227	3,614
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	4,401	5,120
Stock-based compensation	7,621	8,694
Deferred income taxes	3,252	830
Changes in operating assets and liabilities:
Accounts receivable	(7,785)	(5,624)
Inventories	(1,593)	(566)
Prepaid expenses and other assets	(2,433)	(3,651)
Accounts payable and other liabilities	(6,193)	1,443
Other	544	442
Net cash provided by operating activities	8,041	10,302
Investing activities:
Purchases of property, plant and equipment	(1,392)	(1,626)
Business acquisition	0	(157)
Net cash used in investing activities	(1,392)	(1,783)
Financing activities:
Net payments on revolving lines of credit	(8,628)	(4,625)
Payments for Repurchase of Common Stock	(1,361)	0
Payment of financing lease principal	(192)	(128)
Proceeds from stock option exercises	16	14
Net cash used in financing activities	(10,165)	(4,739)
Effect of exchange rate changes on cash and cash equivalents	259	(533)
Increase (decrease) in cash, cash equivalents and restricted cash	(3,257)	3,247
Cash, cash equivalents and restricted cash at beginning of period	12,683	5,216
Cash, cash equivalents and restricted cash at end of period	9,426	8,463
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents	$ 12,683	$ 5,216

Basis of Presentation and Summa

Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Basis of Presentation and Summary of Significant Accounting Policies The accompanying unaudited condensed consolidated financial statements of Lawson Products, Inc. (the “Company”) have been prepared in accordance with generally accepted accounting principles for interim financial information, the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not contain all disclosures required by generally accepted accounting principles. Reference should be made to the Company’s Annual Report on Form 10-K for the year ended December 31, 2018 . In the opinion of the Company, all normal recurring adjustments have been made that are necessary to present fairly the results of operations for the interim periods. Operating results for the three and nine month periods ended September 30, 2019 are not necessarily indicative of the results that may be expected for the year ending December 31, 2019 . The Company has two operating segments. The first segment, the Lawson operating segment, distributes maintenance, repair and operations ("MRO") products to customers primarily through a network of sales representatives offering vendor managed inventory ("VMI") service to customers throughout the United States and Canada. The second segment, The Bolt Supply House Ltd. ("Bolt Supply") operating segment, distributes MRO products primarily through its branches located in Western Canada. Bolt Supply had 14 branches in operation at the end of the third quarter 2019.

Leases

Leases	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Leases	Leases In February 2016 the FASB established Topic ASC 842, Leases, by issuing Accounting Standards Update 2016-02. Lawson adopted ASC 842 as of January 1, 2019. The Company leases property used for distribution centers, office space, and Bolt branch locations throughout the US and Canada, along with various equipment located in distribution centers and corporate headquarters. The Company is also a lessor of its Decatur, Alabama property previously used in conjunction with a discontinued operation, and is a sublessor of a portion of its corporate headquarters. Lawson Operating Leases Lawson MRO primarily has two types of leases: leases for real estate and leases for equipment. Operating real estate leases that have a material impact on the operations of the Company are related to the Company's distribution network and headquarters. The Company possesses several additional property leases that are month to month basis and are not material in nature. Lawson MRO does not possess any leases that have residual value guarantees. Several property leases include renewal clauses which vary in length and may not include specific rent renewal amounts. The Company will revise the value of the right of use assets and associated lease liabilities when the Company is reasonably certain it will renew a lease. The key change commencing on January 1, 2019 for the Company is the recognition of assets and liabilities of operating leases with lease terms longer than twelve months that were not previously capitalized on the balance sheet. The value of the Right Of Use ("ROU") assets and associated lease liabilities is calculated using the total cash payments over the course of the lease, discounted to the present value using the appropriate incremental borrowing rate. The right of use asset will be amortized over its useful life. Similar to deferred rent under ASC 840, the lease liability is reduced in conjunction with the lease payments made, with adjustments made to the lease liability in order to account for non-straight line cash payments through the life of the lease. Bolt primarily leases the real estate for its branch locations as well as its distribution center in Calgary, Alberta. Bolt possesses additional property leases that are month to month and not material in nature. Bolt property leases include renewal clauses which vary in length and may not include specific rent renewal amounts. The Company will revise the value of the right of use asset and associated lease liability when the Company is reasonably certain it will renew a lease. Lease of McCook Distribution Facility Upon adoption of ASC 842, the previously capitalized financing asset and lease liability for the McCook distribution facility was removed from the balance sheet and re-established as a ROU asset and a lease liability as an operating lease. The Company did not include the lease renewal periods in its assessment of the McCook lease as it did not meet the reasonably certain threshold required under ASC 842. Changes in the value of the assets and liabilities associated with the property due to adoption of ASC 842 have been accounted for as an adjustment to beginning retained earnings of $1.9 million . Accounting Policy Elections As part of the transition to ASC 842, the Company elected the following practical expedients: The transitional package of practical expedients as prescribed by ASC 842. Per the practical expedient for the transition to ASC 842, the Company did not reassess expired leases, existing lease classifications or initial indirect costs for existing leases in the calculation of the right to use asset and lease liability. The Company elected the modified retrospective method of transition, which resulted in no restatement of prior period results with the adoption impact being recorded to opening retained earnings. The Company did not capitalize short term leases, for all asset classes defined as leases with a term of shorter than twelve months, on the balance sheet. These leases have not been transitioned to ASC 842. As a practical expedient, the Company did not reassess the accounting for initial direct costs of current leases. The Company elected not to use the hindsight practical expedient in determining the lease term. The Company recognizes certain lease components and non-lease components together and not as separate parts of a lease for real estate leases. The Company will exercise this practical expedient in the future by asset class. Significant Assumptions The Company is required to determine a discount rate for the present value of lease payments. If the rate is not included in the lease or cannot be readily determined, the Company must estimate the incremental borrowing rate to be used for the discount rate. The Company determined that Lawson MRO and Bolt have different discount rates for leases, as both reporting units have separate borrowing agreements. The Lawson MRO segment will discount the present value of the total payments for the operating and financing leases using the incremental borrowing rate of 5.5% , given the similarity of the lease terms amongst asset classes. The Bolt segment will discount the present value of the total payments of each operating and financing lease at its incremental borrowing rate of 4.2% . The discount rate of Lawson MRO and Bolt will be reviewed on a periodic basis and updated as needed. The expenses and income generated by the leasing activity of Lawson as lessee for the three and nine months ending September 30, 2019 are as follows (Dollars in thousands): Lease Type Classification Three Months Ending September 30, 2019 Nine Months Ending September 30, 2019 Consolidated Operating Lease Expense (1) Operating expenses $ 1,190 $ 3,532 Consolidated Financing Lease Amortization Operating expenses 60 159 Consolidated Financing Lease Interest Interest expense 10 23 Consolidated Financing Lease Expense 70 182 Sublease Income (2) Operating expenses — (160 ) Net Lease Cost $ 1,260 $ 3,554 (1) Includes short term lease expense, which is immaterial (2) Sublease income from sublease of a portion of the Company headquarters. The sublease was terminated in June 2019 and the Company has no other subleases. The Company recorded $1.1 million and $3.3 million of operating lease expenses for the three and nine months ended September 30, 2018, respectively. The value of the net assets and liabilities generated by the leasing activity of Lawson as lessee as of September 30, 2019 are as follows (Dollars in thousands): Lease Type Amount Total ROU operating lease assets (1) $ 11,258 Total ROU financing lease assets (2) 659 Total lease assets $ 11,917 Total current operating lease obligation $ 3,534 Total current financing lease obligation 247 Total current lease obligations $ 3,781 Total long term operating lease obligation $ 9,976 Total long term financing lease obligation 384 Total long term lease obligation $ 10,360 (1) Operating lease assets are recorded net of accumulated amortization of $2.1 million as of September 30, 2019 (2) Financing lease assets are recorded net of accumulated amortization of $0.2 million as of September 30, 2019 The value of the lease liabilities generated by the leasing activities of Lawson as lessee as of September 30, 2019 were as follows (Dollars in thousands): Maturity Date of Lease Liabilities Operating Leases Financing Leases Total Year one $ 4,097 $ 258 $ 4,355 Year two 4,141 214 4,355 Year three 3,582 118 3,700 Year four 1,717 70 1,787 Year five 701 20 721 Subsequent years 627 — 627 Total lease payments 14,865 680 15,545 Less: Interest 1,355 49 1,404 Present value of lease liabilities $ 13,510 $ 631 $ 14,141 The Company’s future minimum lease commitments as of December 31, 2018 , were as follows (Dollars in thousands): Maturity Date of Lease Liabilities Operating Leases (2)(3) Financing Lease (3)(4) Capital Leases (4) Year one $ 2,574 $ 1,395 $ 201 Year two 2,369 1,444 155 Year three 2,349 1,493 91 Year four 2,008 760 11 Year five 1,130 — — Subsequent years 374 — — Total lease payments (1) $ 10,804 $ 5,092 $ 458 (1) Minimum lease payments exclude payments to landlord for real estate taxes and common area maintenance (2) On January 1, 2019, t he Company elected the modified retrospective method of transition to adopt the new lease standard ASC 842, which resulted in no restatement of prior period results. At December 31, 2018, prior to adoption of the new lease standard, operating lease obligations were not included as a liability on the balance sheet. Therefore, the operating lease obligations are included in the table for comparative purposes only and the total lease liability is not included as it is not applicable (3) The $5.1 million minimum lease obligation attributable to the McCook lease that was classified as a financing lease on December 31, 2018 was reclassified as an operating lease under the new accounting standard adopted on January 1, 2019 (4) Lease obligations classified as capital leases on December 31, 2018 were reclassified as financing leases under the new lease standard adopted on January 1, 2019 The weighted average lease terms and interest rates of the leases held by Lawson as of September 30, 2019 are as follows: Lease Type Weighted Average Term in Years Weighted Average Interest Rate Operating Leases 4.0 5.1% Financing Leases 3.0 5.5% The cash outflows of the leasing activity of Lawson as lessee for the nine months ending September 30, 2019 are as follows (Dollars in thousands): Cash Flow Source Classification Amount Operating cash flows from operating leases Operating activities $ 3,014 Operating cash flows from financing leases Operating activities 14 Financing cash flows from financing leases Financing activities 192 Lawson as Lessor The Company is a lessor of its facility in Decatur, Alabama, which was previously used in conjunction with a discontinued operation. The lease expires in February, 2024. Both the lessor and lessee have a put option to each other upon the completion of the remediation of the environmental matter at a pre-negotiated price less 50% of the rent paid upon the put option being exerci sed. The net book value at September 30, 2019 is $0.4 million . The Company classifies this lease as an operating lease. The operating lease of the Decatur facility generated approximately $0.1 million of income to the Company for the nine months ending September 30, 2019 . Annual lease income classified as operating expenses of $0.2 million is anticipated through the earlier of the put option exercise or February, 2024.

Revenue Recognition Revenue Rec

Revenue Recognition Revenue Recognition	9 Months Ended
	Sep. 30, 2019
Deferred Revenue Disclosure [Abstract]
Revenue Recognition	Revenue Recognition Adoption of ASC 606 On January 1, 2018 the Company adopted Accounting Standards Codification 606-Revenue From Contracts With Customers (“ASC 606”). As part of the Company's adoption of ASC 606, it concluded that it has two separate performance obligations, and accordingly, two separate revenue streams: products and services. As a result, the Company reports two separate revenue streams and two separate costs of revenues. ASC 606 defines a five step process to recognize revenues at the time and in an amount that reflects the consideration expected to be received for the performance obligations that have been provided. ASC 606 defines contracts as written, oral and through customary business practice. Under this definition, the Company considers contracts to be created at the time an order to purchase product is agreed upon regardless of whether or not there is a written contract. Performance Obligations Lawson has two operating segments; the Lawson segment and the Bolt Supply segment. Customer contracts have the following performance obligations: The Lawson segment has two distinct performance obligations offered to its customers: a product performance obligation and a service performance obligation. Although the Company has identified that it offers its customers both a product and a service obligation, the customer only receives one invoice per transaction with no price breakout between these obligations. The Company does not price its offerings based on any breakout between these obligations. Lawson generates revenue primarily from the sale of MRO products to its customers. Revenue related to product sales is recognized at the time that control of the product has been transferred to the customer: either at the time the product is shipped or the time the product has been received by the customer. The Company does not commit to long-term contracts to sell customers a certain minimum quantity of products. The Lawson segment offers a VMI service proposition to its customers. A portion of these services, primarily related to stocking of product and maintenance of the MRO inventory, is provided a short period of time after control of the purchased product has been transferred to the customer. Since some components of VMI service have not been provided at the time the control of the product transfers to the customer, that portion of expected consideration is deferred until the time that those services have been provided. The Bolt Supply segment does not provide VMI services for its customers or provide services in addition to product sales to customers. Revenue is recognized at the time that control of the product has been transferred to the customer which is either upon delivery or shipment depending on the terms of the contract. Accounting Policy Elections The Company has elected to treat shipping and handling costs after the control of the product has been transferred to the customer as a fulfillment cost. Sales taxes that are imposed on our sales and collected from customers are excluded from revenues. The Company expenses sales commissions when incurred as the amortization period is one year or less. Significant Judgments The Company employs certain significant judgments to estimate the dollar amount of revenue, and related expenses, allocated to the sale of product and service. These judgments include, among others, the percentage of customers that take advantage of the VMI services offered, the amount of revenue to be allocated to the VMI service based on the value of the service to its customers, and the amount of time after control of the product passes to the customer that the VMI service obligation is completed. It is assumed that any customer who averages placing orders at a frequency of longer than 30 days does not take advantage of the available VMI services offered. The estimate of the cost of sales is based on expenses directly related to sales representatives that provide direct VMI services to the customer. Financial Impact of ASC 606 Adoption As a result of applying ASC 606 the Company recorded a liability of $0.7 million for deferred revenue on January 1, 2018 . Expenses related to these revenues of $0.4 million were also deferred resulting in a net reduction to opening retained earnings of $0.3 million as of January 1, 2018 . At September 30, 2019 , the Company had a deferred revenue liability of $0.7 million and a deferred expense of $0.3 million for related expenses associated with the deferred service performance obligations, respectively. The deferral of revenue and expenses does not affect the amount, timing and any uncertainty of cash flows generated from operations. Disaggregated revenue by geographic area follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2019 2018 2019 2018 United States $ 75,160 $ 70,652 $ 225,327 $ 210,596 Canada 19,619 17,878 56,892 52,775 Consolidated total $ 94,779 $ 88,530 $ 282,219 $ 263,371 Disaggregated revenue by product type follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Fastening Systems 24.1 % 24.6 % 24.0 % 24.5 % Fluid Power 15.1 % 14.6 % 15.2 % 14.7 % Cutting Tools and Abrasives 13.1 % 13.7 % 13.1 % 13.5 % Specialty Chemicals 11.7 % 12.6 % 11.6 % 12.3 % Electrical 10.4 % 10.6 % 10.8 % 10.9 % Aftermarket Automotive Supplies 7.6 % 7.6 % 7.9 % 8.0 % Safety 4.7 % 4.6 % 4.7 % 4.6 % Welding and Metal Repair 1.3 % 1.7 % 1.5 % 1.9 % Other 12.0 % 10.0 % 11.2 % 9.6 % Consolidated Total 100.0 % 100.0 % 100.0 % 100.0 %

Restricted Cash Restricted Cash

Restricted Cash Restricted Cash	9 Months Ended
	Sep. 30, 2019
Restricted Cash [Abstract]
Restricted Cash	Restricted Cash The Company has agreed to maintain $0.8 million in a money market account as collateral for an outside party that is providing certain commercial card processing services for the Company. The Company is restricted from withdrawing this balance without the prior consent of the outside party during the term of the agreement.

Inventories

Inventories	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Inventories, Net	Inventories, Net Inventories, net, consisting primarily of purchased goods which are offered for resale, were as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Inventories, gross $ 59,552 $ 58,215 Reserve for obsolete and excess inventory (4,658 ) (5,328 ) Inventories, net $ 54,894 $ 52,887

Goodwill Goodwill

Goodwill Goodwill	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Disclosure [Text Block]	Goodwill Goodwill activity for the first nine months of 2019 and 2018 is included in the table below: (Dollars in thousands) Nine Months Ended September 30, 2019 2018 Beginning balance $ 20,079 $ 19,614 Adjustment to original acquisition allocation (12 ) (17 ) Impact of foreign exchange 515 (483 ) Ending balance $ 20,582 $ 19,114

Intangible assets (Notes)

Intangible assets (Notes)	9 Months Ended
	Sep. 30, 2019
Intangible Assets [Abstract]
Intangible Assets Disclosure [Text Block]	Intangible Assets The gross carrying amount and accumulated amortization by intangible asset class were as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Value Gross Carrying Amount Accumulated Amortization Net Carrying Value Trade names $ 8,289 $ (1,866 ) $ 6,423 $ 8,090 $ (1,447 ) $ 6,643 Customer relationships 7,249 (1,204 ) 6,045 7,114 (645 ) 6,469 $ 15,538 $ (3,070 ) $ 12,468 $ 15,204 $ (2,092 ) $ 13,112 Amortization expense of $1.0 million and $0.7 million related to intangible assets was recorded in General and administrative expenses for the nine months ended September 30, 2019 and 2018 , respectively.

Loan Agreement

Loan Agreement	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Loan Agreement	Lawson Loan Agreement In 2012, the Company entered into a Loan and Security Agreement (“Loan Agreement”). The Loan Agreement consisted of a $40.0 million revolving line of credit facility, which included a $10.0 million sub-facility for letters of credit. Certain terms of the original Loan Agreement have been revised by subsequent amendments. On September 30, 2019, credit available under the Loan Agreement, as amended, was based upon: a) 85% of the face amount of the Company’s eligible accounts receivable, generally less than 60 days past due, and b) the lesser of 60% of the lower of cost or market value of the Company’s eligible inventory, generally inventory expected to be sold within 18 months , or $20.0 million . The applicable interest rates for borrowings were at the Prime rate or, if the Company elects, the LIBOR rate plus 1.50% to 1.85% based on the Company’s debt to EBITDA ratio. The Loan Agreement was secured by a first priority perfected security interest in substantially all existing assets of the Company. Dividends were restricted to amounts not to exceed $7.0 million annually. At September 30, 2019 , the Company had $1.3 million of borrowings under its revolving line of credit facility. The Company paid interest of $0.5 million and $0.8 million for the nine months ended September 30, 2019 and 2018 , respectively. The weighted average interest rate was 4.54% and 3.82% for the nine months ended September 30, 2019 and 2018 , respectively. Commitment Letter Bolt Supply had a Commitment Letter with BMO Bank of Montreal ("BMO") dated March 30, 2017 which allowed Bolt Supply to access up to $5.5 million Canadian dollars in the form of either an overdraft facility or as commercial letters of credit. The Commitment Letter was cancellable at any time at BMOs sole discretion and was secured by substantially all of Bolt Supply’s assets. It carried an interest rate of the bank's prime rate plus 0.25% . At September 30, 2019 , Bolt Supply had $1.2 million Canadian dollars of outstanding borrowings. As of September 30, 2019 , the Company was in compliance with its required debt covenants. New Credit Agreement Subsequent to the end of the third quarter, on October 11, 2019 , the Company entered into a new five-year credit agreement led by J.P. Morgan Chase Bank N.A, as administrative agent and including CIBC Bank USA and Bank of America, N.A. as other lenders. The new credit agreement matures on October 11, 2024 and provides for $100.0 million of revolving commitments. The new credit agreement allows borrowing capacity to increase to $150.0 million subject to meeting certain criteria and additional commitments from its lenders. Along with certain standard terms and conditions of the new credit agreement, the Company is able to borrow up to a maximum ratio of its EBITDA to net borrowings of 3.25 times, as defined, and a minimum fixed charge ratio, as defined, of 1.15 . On October 11, 2019 , the Company paid off its previous loans to CIBC Bank USA and BMO.

Treasury Stock Repurchase (Note

Treasury Stock Repurchase (Notes)	9 Months Ended
	Sep. 30, 2019
Treasury Shares Repurchase [Abstract]
Treasury Stock [Text Block]	Treasury Stock Repurchase Program In the second quarter of 2019, our Board of Directors authorized a program in which the Company may repurchase up to $7.5 million of the Company's common stock from time to time in open market transactions, privately negotiated transactions or by other methods. In the third quarter of 2019 the Company purchased 32,362 shares of common stock at an average purchase price of $38.13 under the repurchase program.

Reserve for Severance

Reserve for Severance	9 Months Ended
	Sep. 30, 2019
Severance Reserve [Abstract]
Reserve for Severance	Severance Reserve Changes in the Company’s reserve for severance as of September 30, 2019 and 2018 were as follows: (Dollars in thousands) Nine Months Ended September 30, 2019 2018 Balance at beginning of period $ 359 $ 483 Charged to earnings 1,542 723 Payments (925 ) (787 ) Balance at end of period $ 976 $ 419

Stock-Based Compensation (Notes

Stock-Based Compensation (Notes)	9 Months Ended
	Sep. 30, 2019
Stock Based Compensation [Abstract]
Stock Performance Rights	Stock-Based Compensation The Company recorded stock-based compensation expense of $7.6 million and $8.7 million for the first nine months of 2019 and 2018, respectively. A portion of stock-based compensation is related to the change in the market value of the Company's common stock. A summary of stock-based awards issued during the nine months ended September 30, 2019 follows: Stock Performance Rights ("SPRs") The Company issued 26,825 SPRs to key employees with an exercise price of $30.78 per share that cliff vest on December 31, 2021 and have a termination date of December 31, 2026. SPRs entitle the recipient to receive a cash payment equal to the excess of the market value of the Company's common stock over the SPR exercise price when the SPRs are surrendered. Restricted Stock Units ("RSUs") The Company issued 10,045 RSUs to certain members of the Company's Board of Directors with a vesting date of May 14, 2020. The Company issued 17,340 RSUs to key employees that cliff vest on December 31, 2021. Each RSU is exchangeable for one share of the Company's common stock at the end of the vesting period. Market Stock Units ("MSUs") The Company issued 41,219 MSUs to key employees that cliff vest on December 31, 2021. MSU's are exchangeable for the Company's common stock at the end of the vesting period. The number of shares of common stock that will be issued upon vesting, ranging from zero to 61,829 , will be determined based upon the trailing sixty-day weighted average closing price of the Company's common stock on December 31, 2021. No stock options were excluded from the computation of diluted earnings per share for the three and nine months ended September 30, 2019. For the three months ended September 30, 2018, the effect of restricted stock awards, market stock units and future stock option exercises equivalent of approximately 403,000 shares of the Company's common stock were excluded from the computation of diluted earnings per share because they were anti-dilutive. For the nine months ended September 30, 2018, stock options to purchase approximately 46,000 shares of the Company's common stock were excluded from the computation of diluted earnings per share because they were anti-dilutive.

Income Tax

Income Tax	9 Months Ended
	Sep. 30, 2019
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The Company recorded income tax expense of $3.7 million , a 26.6% effective tax rate for the nine months ended September 30, 2019 . The effective tax rate is higher than the U.S. statutory rate due primarily to state taxes, income in higher tax jurisdictions and an inclusion for global intangible low taxed income. Income tax expense of $0.4 million , a 10.8% effective tax rate was recorded for the nine months ended September 30, 2018 . The lower rate in the previous year is due mainly to the finalization of the Company's calculation for previously untaxed foreign earnings and profits as a result of the 2017 Tax Cuts and Jobs Act. Cash paid for income taxes was $0.5 million and $1.1 million in the first nine months of 2019 and 2018, respectively. The Company and its subsidiaries are subject to U.S. Federal income tax, as well as income tax of multiple state and foreign jurisdictions. As of September 30, 2019 , the Company is subject to U.S. Federal income tax examinations for the years 2016 through 2018 and income tax examinations from various other jurisdictions for the years 2012 through 2018. Earnings from the Company’s foreign subsidiaries are considered to be indefinitely reinvested. A distribution of these non-U.S. earnings in the form of dividends or otherwise may subject the Company to foreign withholding taxes and U.S. federal and state taxes.

Contingent Liability Contingent

Contingent Liability Contingent Liability (Notes)	9 Months Ended
	Sep. 30, 2019
Contingent Liability [Abstract]
Environmental Contingency	Contingent Liabilities In 2012, the Company identified that a site it owns in Decatur, Alabama, contains hazardous substances in the soil and groundwater as a result of historical operations prior to the Company's ownership. The Company retained an environmental consulting firm to further investigate the contamination including the measurement and monitoring of the site and the site was enrolled in the Alabama Department of Environmental Management (“ADEM") voluntary cleanup program. The remediation plan was approved by ADEM in 2018. The plan consists of chemical injections throughout the affected area, as well as subsequent monitoring of the area for three consecutive periods. The injection process was completed in the first quarter of 2019 and the environmental consulting firm is monitoring the affected area. The Company made payments of $1.3 million in the first three quarters of 2019 for services rendered by the environmental consulting firm. These payments were applied to the previously accrued environmental remediation liability. The Company believes the remaining environmental remediation liability of approximately $0.1 million , classified within Accrued expenses and other liabilities on the accompanying Consolidated Balance Sheet, will be sufficient to cover the remaining cost of the plan. The Company does not expect to capitalize any amounts related to the remediation plan.

Acquisition Acquisition

Acquisition Acquisition	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	Acquisition The Company completed the acquisition of Screw Products, Inc. in October 2018 for approximately $5.2 million . The purchase price was funded with cash on hand and utilization of the Company's existing credit facility. Screw Products, Inc. is a distributor of bulk industrial products to large manufacturers and job shops. The Company allocated $2.6 million of the purchase price to an intangible asset for customer relationships and $0.5 million for intangible asset for trade names. These amounts were determined by a third party valuation firm with estimated useful lives of 10 and 15 years, respectively. The excess of the purchase price over the fair values of the identifiable assets and liabilities was recorded as goodwill and represents the expected future benefit to the Company from the acquisition of Screw Products. The Company's Lawson operating segment includes revenues of approximately $0.6 million and $2.1 million from Screw Products in the three and nine months ended September 30, 2019 respectively. The following table contains unaudited pro forma revenue and net income for Lawson Products assuming the Screw Products acquisition closed on January 1, 2018. (Dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue Actual $ 94,779 $ 88,530 $ 282,219 $ 263,371 Pro forma 94,779 89,181 282,219 265,650 Net income Actual $ 4,774 $ (816 ) $ 10,227 $ 3,614 Pro forma 4,774 (607 ) 10,227 4,025 The pro forma disclosures in the table above include adjustments for, amortization of intangible assets and acquisition costs to reflect results as if the acquisition of Screw Products had closed on January 1, 2018 rather than on the actual acquisition date. This pro forma information utilizes certain estimates, is presented for illustrative purposes only and is not intended to be indicative of the actual results of operation. In addition, future results may vary significantly from the results reflected in the pro forma information. The unaudited pro forma financial information does not reflect the impact of future positive or negative events that may occur after the acquisition, such as anticipated cost savings from operating synergies.

Segment Information (Notes)

Segment Information (Notes)	9 Months Ended
	Sep. 30, 2019
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 third quarter of 2019. Financial information for the Company's reportable segments follows: (Dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue Lawson product revenue $ 73,122 $ 68,539 $ 221,027 $ 206,108 Lawson service revenue 10,339 10,153 29,868 29,627 Total Lawson revenue 83,461 78,692 250,895 235,735 Bolt Supply 11,318 9,838 31,324 27,636 Consolidated total $ 94,779 $ 88,530 $ 282,219 $ 263,371 Gross profit Lawson product gross profit $ 40,379 $ 37,742 $ 122,113 $ 113,291 Lawson service gross profit 5,769 6,710 16,411 19,380 Total Lawson gross profit 46,148 44,452 138,524 132,671 Bolt Supply 4,426 3,656 12,016 10,786 Consolidated total $ 50,574 $ 48,108 $ 150,540 $ 143,457 Operating income Lawson $ 5,377 $ (2,754 ) $ 11,490 $ 3,530 Bolt Supply 1,069 488 2,123 1,595 Consolidated total 6,446 (2,266 ) 13,613 5,125 Interest expense (138 ) (251 ) (481 ) (755 ) Other income (expense), net (13 ) 170 798 (320 ) Income (loss) before income taxes $ 6,295 $ (2,347 ) $ 13,930 $ 4,050

Subsequent Event (Notes)

Subsequent Event (Notes)	9 Months Ended
	Sep. 30, 2019
Subsequent Event [Line Items]
Subsequent Events [Text Block]	Subsequent Event Subsequent to the end of the third quarter, on October 11, 2019 , the Company entered into a new five year credit agreement led by J.P. Morgan Chase Bank N.A, as administrative agent and including CIBC Bank USA and Bank of America, N.A. that transitioned our existing borrowing under an asset-based lending arrangement to a cash flow structure. The new Credit Agreement matures on October 11, 2024 and increases the committed borrowing level from $40.0 million to $100.0 million . The new credit agreement allows borrowing capacity to increase to $150.0 million subject to meeting certain criteria and additional commitments from its lenders.

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2019
Leases [Abstract]
Net Lease Cost	The expenses and income generated by the leasing activity of Lawson as lessee for the three and nine months ending September 30, 2019 are as follows (Dollars in thousands): Lease Type Classification Three Months Ending September 30, 2019 Nine Months Ending September 30, 2019 Consolidated Operating Lease Expense (1) Operating expenses $ 1,190 $ 3,532 Consolidated Financing Lease Amortization Operating expenses 60 159 Consolidated Financing Lease Interest Interest expense 10 23 Consolidated Financing Lease Expense 70 182 Sublease Income (2) Operating expenses — (160 ) Net Lease Cost $ 1,260 $ 3,554 (1) Includes short term lease expense, which is immaterial (2) Sublease income from sublease of a portion of the Company headquarters. The sublease was terminated in June 2019 and the Company has no other subleases.
Value of Net Assets and Liabilities of Leasing Activities	The value of the net assets and liabilities generated by the leasing activity of Lawson as lessee as of September 30, 2019 are as follows (Dollars in thousands): Lease Type Amount Total ROU operating lease assets (1) $ 11,258 Total ROU financing lease assets (2) 659 Total lease assets $ 11,917 Total current operating lease obligation $ 3,534 Total current financing lease obligation 247 Total current lease obligations $ 3,781 Total long term operating lease obligation $ 9,976 Total long term financing lease obligation 384 Total long term lease obligation $ 10,360 (1) Operating lease assets are recorded net of accumulated amortization of $2.1 million as of September 30, 2019 (2) Financing lease assets are recorded net of accumulated amortization of $0.2 million as of September 30, 2019
Value of Lease Liabilities Generated by Leasing Activities	The value of the lease liabilities generated by the leasing activities of Lawson as lessee as of September 30, 2019 were as follows (Dollars in thousands): Maturity Date of Lease Liabilities Operating Leases Financing Leases Total Year one $ 4,097 $ 258 $ 4,355 Year two 4,141 214 4,355 Year three 3,582 118 3,700 Year four 1,717 70 1,787 Year five 701 20 721 Subsequent years 627 — 627 Total lease payments 14,865 680 15,545 Less: Interest 1,355 49 1,404 Present value of lease liabilities $ 13,510 $ 631 $ 14,141
Contractual Obligation, Fiscal Year Maturity Schedule [Table Text Block]	December 31, 2018 , were as follows (Dollars in thousands): Maturity Date of Lease Liabilities Operating Leases (2)(3) Financing Lease (3)(4) Capital Leases (4) Year one $ 2,574 $ 1,395 $ 201 Year two 2,369 1,444 155 Year three 2,349 1,493 91 Year four 2,008 760 11 Year five 1,130 — — Subsequent years 374 — — Total lease payments (1) $ 10,804 $ 5,092 $ 458
Lease Disclosures	he weighted average lease terms and interest rates of the leases held by Lawson as of September 30, 2019 are as follows: Lease Type Weighted Average Term in Years Weighted Average Interest Rate Operating Leases 4.0 5.1% Financing Leases 3.0 5.5%
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	The cash outflows of the leasing activity of Lawson as lessee for the nine months ending September 30, 2019 are as follows (Dollars in thousands): Cash Flow Source Classification Amount Operating cash flows from operating leases Operating activities $ 3,014 Operating cash flows from financing leases Operating activities 14 Financing cash flows from financing leases Financing activities 192
Operating Lease Income	Annual lease income classified as operating expenses of $0.2 million is anticipated through the earlier of the put option exercise or February, 2024.

Revenue Recognition Revenue R_2

Revenue Recognition Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2019
Deferred Revenue Disclosure [Abstract]
Disaggregated Revenue by Geographic Areas	Disaggregated revenue by geographic area follows: Three Months Ended September 30, Nine Months Ended September 30, (Dollars in thousands) 2019 2018 2019 2018 United States $ 75,160 $ 70,652 $ 225,327 $ 210,596 Canada 19,619 17,878 56,892 52,775 Consolidated total $ 94,779 $ 88,530 $ 282,219 $ 263,371
Disaggregated revenue by Product Type	Disaggregated revenue by product type follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Fastening Systems 24.1 % 24.6 % 24.0 % 24.5 % Fluid Power 15.1 % 14.6 % 15.2 % 14.7 % Cutting Tools and Abrasives 13.1 % 13.7 % 13.1 % 13.5 % Specialty Chemicals 11.7 % 12.6 % 11.6 % 12.3 % Electrical 10.4 % 10.6 % 10.8 % 10.9 % Aftermarket Automotive Supplies 7.6 % 7.6 % 7.9 % 8.0 % Safety 4.7 % 4.6 % 4.7 % 4.6 % Welding and Metal Repair 1.3 % 1.7 % 1.5 % 1.9 % Other 12.0 % 10.0 % 11.2 % 9.6 % Consolidated Total 100.0 % 100.0 % 100.0 % 100.0 %

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Inventory Disclosure [Abstract]
Components of inventories	Inventories, net, consisting primarily of purchased goods which are offered for resale, were as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Inventories, gross $ 59,552 $ 58,215 Reserve for obsolete and excess inventory (4,658 ) (5,328 ) Inventories, net $ 54,894 $ 52,887

Goodwill (Tables)

Goodwill (Tables)	9 Months Ended
	Sep. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Goodwill activity for the first nine months of 2019 and 2018 is included in the table below: (Dollars in thousands) Nine Months Ended September 30, 2019 2018 Beginning balance $ 20,079 $ 19,614 Adjustment to original acquisition allocation (12 ) (17 ) Impact of foreign exchange 515 (483 ) Ending balance $ 20,582 $ 19,114

Intangible assets (Tables)

Intangible assets (Tables)	9 Months Ended
	Sep. 30, 2019
Intangible Assets [Abstract]
Intangible Assets Disclosure [Text Block]	Intangible Assets The gross carrying amount and accumulated amortization by intangible asset class were as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Value Gross Carrying Amount Accumulated Amortization Net Carrying Value Trade names $ 8,289 $ (1,866 ) $ 6,423 $ 8,090 $ (1,447 ) $ 6,643 Customer relationships 7,249 (1,204 ) 6,045 7,114 (645 ) 6,469 $ 15,538 $ (3,070 ) $ 12,468 $ 15,204 $ (2,092 ) $ 13,112 Amortization expense of $1.0 million and $0.7 million related to intangible assets was recorded in General and administrative expenses for the nine months ended September 30, 2019 and 2018 , respectively.
Intangible Assets Disclosure [Table Text Block]	The gross carrying amount and accumulated amortization by intangible asset class were as follows: (Dollars in thousands) September 30, 2019 December 31, 2018 Gross Carrying Amount Accumulated Amortization Net Carrying Value Gross Carrying Amount Accumulated Amortization Net Carrying Value Trade names $ 8,289 $ (1,866 ) $ 6,423 $ 8,090 $ (1,447 ) $ 6,643 Customer relationships 7,249 (1,204 ) 6,045 7,114 (645 ) 6,469 $ 15,538 $ (3,070 ) $ 12,468 $ 15,204 $ (2,092 ) $ 13,112

Loan Agreement (Tables)

Loan Agreement (Tables)	9 Months Ended
	Sep. 30, 2019
Debt Disclosure [Abstract]
Quarterly Financial Covenants [Table Text Block]	Commitment Letter Bolt Supply had a Commitment Letter with BMO Bank of Montreal ("BMO") dated March 30, 2017 which allowed Bolt Supply to access up to $5.5 million Canadian dollars in the form of either an overdraft facility or as commercial letters of credit. The Commitment Letter was cancellable at any time at BMOs sole discretion and was secured by substantially all of Bolt Supply’s assets. It carried an interest rate of the bank's prime rate plus 0.25% . At September 30, 2019 , Bolt Supply had $1.2 million Canadian dollars of outstanding borrowings. As of September 30, 2019 , the Company was in compliance with its required debt covenants. New Credit Agreement Subsequent to the end of the third quarter, on October 11, 2019 , the Company entered into a new five-year credit agreement led by J.P. Morgan Chase Bank N.A, as administrative agent and including CIBC Bank USA and Bank of America, N.A. as other lenders. The new credit agreement matures on October 11, 2024 and provides for $100.0 million of revolving commitments. The new credit agreement allows borrowing capacity to increase to $150.0 million subject to meeting certain criteria and additional commitments from its lenders. Along with certain standard terms and conditions of the new credit agreement, the Company is able to borrow up to a maximum ratio of its EBITDA to net borrowings of 3.25 times, as defined, and a minimum fixed charge ratio, as defined, of 1.15 . On October 11, 2019 , the Company paid off its previous loans to CIBC Bank USA and BMO.

Reserve for Severance (Tables)

Reserve for Severance (Tables)	9 Months Ended
	Sep. 30, 2019
Severance Reserve [Abstract]
Changes in the Company's reserve for severance and related payments	Changes in the Company’s reserve for severance as of September 30, 2019 and 2018 were as follows: (Dollars in thousands) Nine Months Ended September 30, 2019 2018 Balance at beginning of period $ 359 $ 483 Charged to earnings 1,542 723 Payments (925 ) (787 ) Balance at end of period $ 976 $ 419

Acquisition Acquisition (Tables

Acquisition Acquisition (Tables)	9 Months Ended
	Sep. 30, 2019
Business Combinations [Abstract]
Acquisition Pro Forma Information	The following table contains unaudited pro forma revenue and net income for Lawson Products assuming the Screw Products acquisition closed on January 1, 2018. (Dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue Actual $ 94,779 $ 88,530 $ 282,219 $ 263,371 Pro forma 94,779 89,181 282,219 265,650 Net income Actual $ 4,774 $ (816 ) $ 10,227 $ 3,614 Pro forma 4,774 (607 ) 10,227 4,025 The pro forma disclosures in the table above include adjustments for, amortization of intangible assets and acquisition costs to reflect results as if the acquisition of Screw Products had closed on January 1, 2018 rather than on the actual acquisition date. This pro forma information utilizes certain estimates, is presented for illustrative purposes only and is not intended to be indicative of the actual results of operation. In addition, future results may vary significantly from the results reflected in the pro forma information. The unaudited pro forma financial information does not reflect the impact of future positive or negative events that may occur after the acquisition, such as anticipated cost savings from operating synergies.

Segment Information Segment Rep

Segment Information Segment Reporting (Tables)	9 Months Ended
	Sep. 30, 2019
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Financial information for the Company's reportable segments follows: (Dollars in thousands) Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 Revenue Lawson product revenue $ 73,122 $ 68,539 $ 221,027 $ 206,108 Lawson service revenue 10,339 10,153 29,868 29,627 Total Lawson revenue 83,461 78,692 250,895 235,735 Bolt Supply 11,318 9,838 31,324 27,636 Consolidated total $ 94,779 $ 88,530 $ 282,219 $ 263,371 Gross profit Lawson product gross profit $ 40,379 $ 37,742 $ 122,113 $ 113,291 Lawson service gross profit 5,769 6,710 16,411 19,380 Total Lawson gross profit 46,148 44,452 138,524 132,671 Bolt Supply 4,426 3,656 12,016 10,786 Consolidated total $ 50,574 $ 48,108 $ 150,540 $ 143,457 Operating income Lawson $ 5,377 $ (2,754 ) $ 11,490 $ 3,530 Bolt Supply 1,069 488 2,123 1,595 Consolidated total 6,446 (2,266 ) 13,613 5,125 Interest expense (138 ) (251 ) (481 ) (755 ) Other income (expense), net (13 ) 170 798 (320 ) Income (loss) before income taxes $ 6,295 $ (2,347 ) $ 13,930 $ 4,050

Basis of Presentation and Sum_2

Basis of Presentation and Summary of Significant Accounting Policies (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2018shares	Sep. 30, 2019Segmentshares	Sep. 30, 2018shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Number of Reportable Segments | Segment		2
New Credit Facility Inventory Base Selling Period		18 months
Stock Compensation Plan [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Anti-dilutive Options Outstanding | shares	403,000		46,000,000

Basis of Presentation and Sum_3

Basis of Presentation and Summary of Significant Accounting Policies Cumulative adjustment to retained earnings (Details) - USD ($) $ in Thousands	Mar. 31, 2019	Mar. 31, 2018
Cumulative adjustment to retained earnings [Abstract]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 1,937	$ (329)

Leases - Narrative (Details)

Leases - Narrative (Details) $ in Thousands	Sep. 30, 2019leases	Mar. 31, 2019USD ($)	Mar. 31, 2018USD ($)
Lessee, Lease, Description [Line Items]
Number of types of leases | leases	2
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 1,937	$ (329)
Retained Earnings [Member]
Lessee, Lease, Description [Line Items]
Cumulative Effect of New Accounting Principle in Period of Adoption		$ 1,900	$ (329)
Lawson [Member]
Lessee, Lease, Description [Line Items]
Lessee's discount rate	5.50%
Bolt [Member]
Lessee, Lease, Description [Line Items]
Lessee's discount rate	4.20%

Leases - Net Lease Cost (Detail

Leases - Net Lease Cost (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Leases [Abstract]
Consolidated Operating Lease Expense	$ 1,190	$ 1,121	$ 3,532	$ 3,329
Consolidated Financing Lease Amortization	60		159
Consolidated Financing Lease Interest	10		23
Consolidated Financing Lease Expense	70		182
Sublease Income	0		(160)
Net Lease Cost	$ 1,260		$ 3,554

Leases - Net Lease Assets and L

Leases - Net Lease Assets and Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Leases [Abstract]
Total ROU operating lease assets	$ 11,258
Total ROU financing lease assets	659
Total lease assets	11,917	$ 0
Total current operating lease obligation	3,534
Total current financing lease obligation	247
Total current lease obligations	3,781	0
Total long term operating lease obligation	9,976
Total long term financing lease obligation	384
Total long term lease obligation	10,360	$ 5,213
Operating lease accumulated depreciation	2,141
Finance lease accumulated depreciation	$ 159

Leases - Value of Lease Liabili

Leases - Value of Lease Liabilities (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Operating Leases
2019	$ 4,097	$ 2,574
2020	4,141	2,369
2021	3,582	2,349
2022	1,717
2023	701	1,130
Subsequent years	627	374
Total lease payments	14,865	10,804
Less: Interest	1,355
Present value of lease liabilities	13,510
Financing Leases
2019	258	1,395
2020	214	1,444
2021	118	1,493
2022	70	760
2023	20	0
Subsequent years	0	0
Total lease payments	680	$ 5,092
Less: Interest	49
Present value of lease liabilities	631
Total
2019	4,355
2020	4,355
2021	3,700
2022	1,787
2023	721
Subsequent years	627
Total lease payments	15,545
Less: Interest	1,404
Present value of lease liabilities	$ 14,141

Leases - Leases Weighted-Averag

Leases - Leases Weighted-Average Lease Terms and Interest Rates (Details)	Sep. 30, 2019
Leases [Abstract]
Operating Leases, Weighted Average Term in Years	4 years
Operating Leases, Weighted Average Interest Rate	5.00%
Finance Leases, Weighted Average Term in Years	3 years
Finance Leases, Weighted Average Interest Rate	5.50%

Leases - Cash Outflows of the L

Leases - Cash Outflows of the Leasing Activity (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Operating cash flows from operating leases	$ 3,014
Operating cash flow from financing leases	14
Financing cash flow from financing leases	$ 192

Leases - Income Generated as Le

Leases - Income Generated as Lessor (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Leases [Abstract]
Lessor, Operating Lease, Payments to be Received	$ 0.2
Lessor, Operating Lease, Assumptions and Judgments, Value of Underlying Asset, Amount	0.4
Lessor, Operating lease, payments to be received from Decatur lease	$ 0.1

Leases Minimum Contractual Laes

Leases Minimum Contractual Laese Obligations (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Contractual Minimum Lease Obligations [Abstract]
Operating Lease Payments Due First Year	$ 4,097	$ 2,574
Finance Lease, Liability, Payments, Due Next Twelve Months	258	1,395
Capital Leases, Future Minimum Payments Due, Next Twelve Months		201
Operating Lease Payments Due Second Year	4,141	2,369
Finance Lease, Liability, Payments, Due Year Two	214	1,444
Capital Leases, Future Minimum Payments Due in Two Years		155
Operating Leases, Future Minimum Payments, Due in Three Years	3,582	2,349
Finance Lease, Liability, Payments, Due Year Three	118	1,493
Capital Leases, Future Minimum Payments Due in Three Years		91
Operating Leases, Future Minimum Payments, Due in Four Years		2,008
Finance Lease, Liability, Payments, Due Year Four	70	760
Capital Leases, Future Minimum Payments Due in Four Years		11
Operating Leases, Future Minimum Payments, Due in Five Years	701	1,130
Finance Lease, Liability, Payments, Due Year Five	20	0
Capital Leases, Future Minimum Payments Due in Five Years		0
Operating Leases, Future Minimum Payments, Due Thereafter	627	374
Finance Lease, Liability, Payments, Due after Year Five	0	0
Capital Leases, Future Minimum Payments Due Thereafter		0
Operating Leases, Future Minimum Payments Due	(14,865)	(10,804)
Finance Lease, Liability, Payments, Due	$ (680)	(5,092)
Capital Leases, Future Minimum Payments Due		$ 458

Revenue Recognition - Narrative

Revenue Recognition - Narrative (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Jan. 01, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred revenue	$ 700
Deferred expense	300							$ 400
Decrease to retained earnings	$ (89,502)	$ (84,728)	$ (83,421)	$ (77,338)	$ (74,738)	$ (75,554)	$ (72,360)		$ (71,453)
Difference between Revenue Guidance in Effect before and after Topic 606 | Accounting Standards Update 2014-09
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Deferred revenue								700
Decrease to retained earnings								$ 300

Revenue Recognition - Schedule

Revenue Recognition - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Disaggregation of Revenue [Line Items]
Total revenue	$ 94,779	$ 88,530	$ 282,219	$ 263,371
UNITED STATES
Disaggregation of Revenue [Line Items]
Total revenue	75,160	70,652	225,327	210,596
CANADA
Disaggregation of Revenue [Line Items]
Total revenue	$ 19,619	$ 17,878	$ 56,892	$ 52,775

Revenue Recognition - Product V

Revenue Recognition - Product Vertcal (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Product Revenue [Abstract]
Fastening Systems	24.10%	24.60%	24.00%	24.50%
Fluid Power	15.10%	14.60%	15.20%	14.70%
Specialty Chemicals	11.70%	12.60%	13.10%	13.50%
Cutting Tools and Abrasives	13.10%	13.70%	11.60%	12.30%
Electrical	10.40%	10.60%	10.80%	10.90%
Aftermarket Automotive Supplies	7.60%	7.60%	7.90%	8.00%
Safety	4.70%	4.60%	4.70%	4.60%
Welding and Metal Repair	1.30%	1.70%	1.50%	1.90%
Other Products	12.00%	10.00%	11.20%	9.60%
Total Products	100.00%	100.00%	100.00%	100.00%

Restricted Cash Restricted Ca_2

Restricted Cash Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018
Restricted Cash [Abstract]
Restricted cash	$ 800	$ 800	$ 800

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Components of inventories
Inventory, Gross	$ 59,552	$ 58,215
Inventory Valuation Reserves	(4,658)	(5,328)
Inventories, net	$ 54,894	$ 52,887

Goodwill - Schedule of Goodwill

Goodwill - Schedule of Goodwill (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Goodwill [Roll Forward]
Beginning balance	$ 20,079	$ 19,614
Adjustment to original acquisition allocation	(12)	(17)
Impact of foreign exchange	515	(483)
Ending balance	$ 20,582	$ 19,114

Intangible assets (Details)

Intangible assets (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Finite-Lived Intangible Assets [Line Items]
Amortization of Intangible Assets	$ 1,000	$ 700
Finite-Lived Intangible Assets, Gross	15,538		$ 15,204
Finite-Lived Intangible Assets, Accumulated Amortization	(3,070)		(2,092)
Finite-Lived Intangible Assets, Net	12,468		13,112
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	8,289		8,090
Finite-Lived Intangible Assets, Accumulated Amortization	(1,866)		(1,447)
Finite-Lived Intangible Assets, Net	6,423		6,643
Customer Relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	7,249		7,114
Finite-Lived Intangible Assets, Accumulated Amortization	(1,204)		(645)
Finite-Lived Intangible Assets, Net	$ 6,045		$ 6,469

Loan Agreement Covenant (Detail

Loan Agreement Covenant (Details)	9 Months Ended
	Sep. 30, 2019
Loan Agreement [Line Items]
Minimum Debt Service Coverage Ratio	1.15
Minimum Net Leverage Ratio	3.25

Loan Agreement (Details)

Loan Agreement (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Credit Facility (Textual) [Abstract]
Proceeds from (Repayments of) Lines of Credit	$ (8,628)	$ (4,625)
Eligible accounts receivables percentage	85.00%
Eligible accounts receivables past due days	60 days
Eligible inventory percentage	60.00%
Eligible inventory expected to be sold period	18 months
Maximum borrowing amount based on inventory	$ 20,000
Revolving Line of Credit	2,195		$ 10,823
Interest Paid, Including Capitalized Interest, Operating and Investing Activities	$ 499	$ 758
Weighted average interest rate	4.54%	3.82%
Bank Overdrafts	$ 5,500
Minimum Net Leverage Ratio	3.25
Minimum Debt Service Coverage Ratio	1.15
Stock Repurchase Program, Authorized Amount	$ 7,500
Maximum
Credit Facility (Textual) [Abstract]
Spread on LIBOR	1.85%
Restricted Dividends	$ 7,000
Minimum
Credit Facility (Textual) [Abstract]
Spread on LIBOR	1.50%
Revolving Credit Facility [Member]
Credit Facility (Textual) [Abstract]
Credit facility, borrowing capacity	$ 40,000
JP Morgan Credit Agreement Limit	100,000
JP Morgan Agreement Potential Future Credit Limit	150,000
Letter of Credit [Member]
Credit Facility (Textual) [Abstract]
Credit facility, borrowing capacity	10,000
Bolt [Member]
Credit Facility (Textual) [Abstract]
Secured Debt, Current	1,200
Line of Credit [Member] | Revolving Credit Facility [Member]
Credit Facility (Textual) [Abstract]
Long-term Debt	$ 1,300
Prime Rate [Member]
Credit Facility (Textual) [Abstract]
Spread on LIBOR	0.25%

Treasury Stock Repurchase (Deta

Treasury Stock Repurchase (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2019USD ($)shares	Sep. 30, 2019USD ($)shares
Treasury Shares Repurchase [Abstract]
Stock Repurchase Program, Authorized Amount	$ 7,500,000	$ 7,500,000
Treasury Stock, Shares, Acquired | shares	(35,830)	32,362
Average price of treasury shares repurchased during the period		$ 38.13

Reserve for Severance Activity

Reserve for Severance Activity in reserve (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Reserve for severance and related payments
Balance at beginning of period	$ 359	$ 483
Charged to earnings	1,542	723
Cash paid	(925)	(787)
Balance at end of the period	$ 976	$ 419

Stock-Based Compensation Stock-

Stock-Based Compensation Stock-Based Compensation Details (Details) - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Stock-Based Compensation Details
Employee Benefits and Share-based Compensation	$ 7,621	$ 8,694
Minimum [Member]
Stock-Based Compensation Details
Equity Share Payout Range	0
Maximum [Member]
Stock-Based Compensation Details
Equity Share Payout Range	61,829
Share-based Compensation Award, Tranche Two [Member]
Stock-Based Compensation Details
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	26,825
Share Based Compensation Non Option Equity Instruments Granted Weighted Average Exercise Price	$ 30.78

Stock-Based Compensation Restri

Stock-Based Compensation Restricted Stock Awards (Details)	Sep. 30, 2019shares
Director Grant [Domain]
Stock-Based Compensation Details
Restricted Stock Awards Outstanding	17,340
Director [Member]
Stock-Based Compensation Details
Restricted Stock Awards Outstanding	10,045

Stock-Based Compensation Market

Stock-Based Compensation Market Stock Units (Details)	9 Months Ended
	Sep. 30, 2019shares
Maximum [Member]
Stock-Based Compensation Details
Equity Share Payout Range	61,829
MSU [Member]
Stock-Based Compensation Details
Share-based Compensation Arrangement by Share-based Payment Award, Non-Option Equity Instruments, Granted	41,219

Stock-Based Compensation Anti D

Stock-Based Compensation Anti Dilutive Options (Details) - shares	3 Months Ended	9 Months Ended
	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock Compensation Plan [Member]
Stock-Based Compensation Details
Incremental Common Shares Attributable to Dilutive Effect of Call Options and Warrants	403,000		46,000,000

Income Tax Income Tax (Details)

Income Tax Income Tax (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax [Abstract]
Increase (Decrease) in Deferred Income Taxes			$ (3,252)	$ (830)
Income Tax Expense (Benefit)	$ 1,521	$ (1,531)	$ 3,703	$ 436
Effective income tax rate			26.60%	10.80%
Income Taxes Paid			$ 458	$ 1,135

Contingent Liability Continge_2

Contingent Liability Contingent Liability (Details) $ in Millions	9 Months Ended
	Sep. 30, 2019USD ($)
Loss Contingencies [Line Items]
Payments for Environmental Liabilities	$ 1.3
Environmental Exit Costs, Costs Accrued to Date	$ 0.1

Acquisition Acquisition (Detail

Acquisition Acquisition (Details) - USD ($) $ in Thousands	3 Months Ended	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018	Dec. 31, 2017
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		$ 0	$ 157
Goodwill	$ 20,582	20,582	$ 19,114	$ 20,079	$ 19,614
revenue from acquired business	600	2,100
Bolt [Member]
Business Acquisition [Line Items]
Payments to Acquire Businesses, Gross		5,200
Trade Names [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	500	$ 500
Finite-Lived Intangible Asset, Useful Life		15 years
Customer Relationships [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 2,600	$ 2,600
Finite-Lived Intangible Asset, Useful Life		10 years

Acquisition Pro Forma Informati

Acquisition Pro Forma Information (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2019	Jun. 30, 2019	Mar. 31, 2019	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Sep. 30, 2019	Sep. 30, 2018
Business Combinations [Abstract]
Total revenue	$ 94,779			$ 88,530			$ 282,219	$ 263,371
Net Sales Pro Forma	94,779			89,181			282,219	265,650
Net Income Actual	4,774	$ 1,307	$ 4,146	(816)	$ 3,194	$ 1,236	10,227	3,614
Net income Pro Forma	$ 4,774			$ (607)			$ 10,227	$ 4,025

Segment Information Segment R_2

Segment Information Segment Reporting (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)Segment	Sep. 30, 2018USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments | Segment			2
Segment Reporting Information [Line Items]
Total revenue	$ 94,779	$ 88,530	$ 282,219	$ 263,371
Gross profit	50,574	48,108	150,540	143,457
Operating Income (Loss)	6,446	(2,266)	13,613	5,125
Interest Expense	138	251	481	755
Other Nonoperating Income (Expense)	(13)	170	798	(320)
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest	6,295	(2,347)	13,930	4,050
Lawson [Member]
Segment Reporting Information [Line Items]
Revenue	83,461	78,692	250,895	235,735
Gross profit	46,148	44,452	138,524	132,671
Operating Income (Loss)	5,377	(2,754)	11,490	3,530
Bolt [Member]
Segment Reporting Information [Line Items]
Revenue	11,318	9,838	31,324	27,636
Gross profit	4,426	3,656	12,016	10,786
Operating Income (Loss)	1,069	488	2,123	1,595
Product [Member]
Segment Reporting Information [Line Items]
Revenue	84,440	78,377	252,351	233,744
Product [Member] | Lawson [Member]
Segment Reporting Information [Line Items]
Revenue	73,122	68,539	221,027	206,108
Gross profit	40,379	37,742	122,113	113,291
Service [Member]
Segment Reporting Information [Line Items]
Revenue	10,339	10,153	29,868	29,627
Service [Member] | Lawson [Member]
Segment Reporting Information [Line Items]
Gross profit	$ 5,769	$ 6,710	$ 16,411	$ 19,380

Subsequent Event (Details)

Subsequent Event (Details) - Revolving Credit Facility [Member] $ in Millions	Sep. 30, 2019USD ($)
Subsequent Event [Line Items]
Line of Credit Facility, Current Borrowing Capacity	$ 40
JP Morgan Credit Agreement Limit	100
JP Morgan Agreement Potential Future Credit Limit	$ 150