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Segment Information
 6 Months Ended
Jun. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
We operate in three reportable geographic operating segments: North America; EMEA; and APAC. Our offerings in North America and certain countries in EMEA and APAC include IT hardware, software and services, including cloud solutions. Our offerings in the remainder of our EMEA and APAC segments are largely software and certain software-related services and cloud solutions.
In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by their related geographies, as well as by major product offering, by major client group and by recognition on either a gross basis as a principal in the arrangement, or on a net basis as an agent, for the three and six months ended June 30, 2022 and 2021 (in thousands):
Three Months Ended June 30, 2022
North AmericaEMEAAPACConsolidated
Major Offerings
Hardware$1,559,474 $155,384 $16,258 $1,731,116 
Software377,007 212,997 28,122 618,126
Services310,963 57,950 25,222 394,135
$2,247,444 $426,331 $69,602 $2,743,377 
Major Client Groups
Large Enterprise / Corporate$1,597,988 $306,389 $31,430 $1,935,807 
Commercial448,974 19,312 17,452 485,738 
Public Sector200,482 100,630 20,720 321,832 
$2,247,444 $426,331 $69,602 $2,743,377 
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)$2,126,656 $389,421 $58,927 $2,575,004 
Net revenue recognition (Agent)120,788 36,910 10,675 168,373 
$2,247,444 $426,331 $69,602 $2,743,377 
Three Months Ended June 30, 2021
North AmericaEMEAAPACConsolidated
Major Offerings
Hardware$1,168,770 $170,406 $11,768 $1,350,944 
Software331,809 184,986 21,439 538,234 
Services259,050 61,982 19,291 340,323 
$1,759,629 $417,374 $52,498 $2,229,501 
Major Client Groups
Large Enterprise / Corporate$1,219,953 $297,677 $25,663 $1,543,293 
Commercial362,744 17,166 16,110 396,020 
Public Sector176,932 102,531 10,725 290,188 
$1,759,629 $417,374 $52,498 $2,229,501 
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)$1,661,386 $380,325 $44,835 $2,086,546 
Net revenue recognition (Agent)98,243 37,049 7,663 142,955 
$1,759,629 $417,374 $52,498 $2,229,501 
Six Months Ended June 30, 2022
North AmericaEMEAAPACConsolidated
Major Offerings
Hardware$3,010,793 $366,007 $27,904 $3,404,704 
Software718,554 485,399 50,872 $1,254,825 
Services582,602 106,358 45,738 $734,698 
$4,311,949 $957,764 $124,514 $5,394,227 
Major Client Groups
Large Enterprise / Corporate$3,036,717 $660,293 $52,859 $3,749,869 
Commercial890,133 37,733 32,111 959,977 
Public Sector385,099 259,738 39,544 684,381 
$4,311,949 $957,764 $124,514 $5,394,227 
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)$4,097,577 $896,283 $105,945 $5,099,805 
Net revenue recognition (Agent)214,372 61,481 18,569 294,422 
$4,311,949 $957,764 $124,514 $5,394,227 
Six Months Ended June 30, 2021
North AmericaEMEAAPACConsolidated
Major Offerings
Hardware$2,278,259 $366,377 $21,333 $2,665,969 
Software640,547 419,409 56,273 1,116,229 
Services495,604 110,424 34,343 640,371 
$3,414,410 $896,210 $111,949 $4,422,569 
Major Client Groups
Large Enterprise / Corporate$2,391,381 $606,752 $44,739 $3,042,872 
Commercial706,789 37,699 28,777 773,265 
Public Sector316,240 251,759 38,433 606,432 
$3,414,410 $896,210 $111,949 $4,422,569 
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)$3,231,027 $831,302 $97,698 $4,160,027 
Net revenue recognition (Agent)183,383 64,908 14,251 262,542 
$3,414,410 $896,210 $111,949 $4,422,569 
All significant intercompany transactions are eliminated upon consolidation, and there are no differences between the accounting policies used to measure profit and loss for our segments or on a consolidated basis. Net sales are defined as net sales to external clients. None of our clients exceeded ten percent of consolidated net sales for the three or six months ended June 30, 2022 or 2021.
A portion of our operating segments’ selling and administrative expenses arise from shared services and infrastructure that we have historically provided to them in order to realize economies of scale and to use resources efficiently. These expenses, collectively identified as corporate charges, include senior management expenses, internal audit, legal, tax, insurance services, treasury and other corporate infrastructure expenses. Charges are allocated to our operating segments, and the allocations have been determined on a basis that we consider to be a reasonable reflection of the utilization of services provided to or benefits received by the operating segments.
The following tables present our results of operations by reportable operating segment for the periods indicated (in thousands):
Three Months Ended June 30, 2022
North AmericaEMEAAPACConsolidated
Net sales:
Products$1,936,481 $368,381 $44,380 $2,349,242 
Services310,963 57,950 25,222 394,135 
Total net sales2,247,444 426,331 69,602 2,743,377 
Costs of goods sold:
Products1,754,799 340,177 40,919 2,135,895 
Services142,379 16,607 10,607 169,593 
Total costs of goods sold1,897,178 356,784 51,526 2,305,488 
Gross profit350,266 69,547 18,076 437,889 
Operating expenses:
Selling and administrative expenses243,868 51,372 10,761 306,001 
Severance and restructuring expenses485 207 — 692 
Acquisition and integration related expenses1,640 — — 1,640 
Earnings from operations$104,273 $17,968 $7,315 $129,556 
Three Months Ended June 30, 2021
North AmericaEMEAAPACConsolidated
Net sales:
Products$1,500,579 $355,392 $33,207 $1,889,178 
Services259,050 61,982 19,291 340,323 
Total net sales1,759,629 417,374 52,498 2,229,501 
Costs of goods sold:
Products1,358,357 327,550 29,822 1,715,729 
Services122,375 16,295 8,419 147,089 
Total costs of goods sold1,480,732 343,845 38,241 1,862,818 
Gross profit278,897 73,529 14,257 366,683 
Operating expenses:
Selling and administrative expenses213,900 53,957 9,230 277,087 
Severance and restructuring expenses878 240 9 1,127 
Earnings from operations$64,119 $19,332 $5,018 $88,469 
Six Months Ended June 30, 2022
North AmericaEMEAAPACConsolidated
Net sales:
Products$3,729,347 $851,406 $78,776 $4,659,529 
Services582,602 106,358 45,738 734,698 
Total net sales4,311,949 957,764 124,514 5,394,227 
Costs of goods sold:
Products3,380,574 789,809 72,721 4,243,104 
Services281,025 33,638 19,710 334,373 
Total costs of goods sold3,661,599 823,447 92,431 4,577,477 
Gross profit650,350 134,317 32,083 816,750 
Operating expenses:
Selling and administrative expenses$479,088 $103,698 $20,855 $603,641 
Severance and restructuring expenses789 1,275 — 2,064 
Acquisition and integration related expenses1,640 — — 1,640 
Earnings from operations$168,833 $29,344 $11,228 $209,405 

Six Months Ended June 30, 2021
North AmericaEMEAAPACConsolidated
Net sales:
Products$2,918,806 $785,786 $77,606 $3,782,198 
Services495,604 110,424 34,343 640,371 
Total net sales3,414,410 896,210 111,949 4,422,569 
Costs of goods sold:
Products2,642,233 723,734 71,020 3,436,987 
Services239,791 32,912 14,722 287,425 
Total costs of goods sold2,882,024 756,646 85,742 3,724,412 
Gross profit532,386 139,564 26,207 698,157 
Operating expenses:
Selling and administrative expenses420,706 109,404 18,167 548,277 
Severance and restructuring expenses(6,360)738 9 (5,613)
Earnings from operations$118,040 $29,422 $8,031 $155,493 
The following is a summary of our total assets by reportable operating segment (in thousands):
June 30,
2022		December 31,
2021
North America$5,170,317 $4,920,220 
EMEA1,099,627 828,456 
APAC200,223 148,737 
Corporate assets and intercompany eliminations, net(865,844)(1,208,333)
Total assets$5,604,323 $4,689,080 
We recorded the following pre-tax amounts, by reportable operating segment, for depreciation and amortization in the accompanying consolidated financial statements (in thousands):
Three Months Ended
June 30,		Six Months Ended
June 30,
2022202120222021
Depreciation and amortization of property and equipment:
North America$4,729 $4,864 $9,149 $9,671 
EMEA668 1,202 1,475 2,434 
APAC154 142 316 284 
5,551 6,208 10,940 12,389 
Amortization of intangible assets:
North America7,356 7,440 14,704 14,857 
EMEA430 501 887 997 
APAC118 127 238 255 
7,904 8,068 15,829 16,109 
Total$13,455 $14,276 $26,769 $28,498