According to the Lexus Repair Manual, it states to measure disc thickness. Replace the disc if the thickness of the disc is at the minimum thickness or less. Replace the disc or grind it on a lathe if it is scored or worn unevenly. Measure disc runout using a dial indicator. If the disc's runout is maximum value or greater (say this in a Mr. Miyagi voice), check the bearing play in the axial direction and check the axle hub runout. If the bearing play and axle hub runout are not abnormal, adjust the disc runout or grind it on a "On-Car" brake lathe.
This is me now, not Mr. Miyagi - adjusting the disc runout is achieved by rotating the disc 1/5 turn and checking the runout again which you have to use a dial indicator and all that crap for.