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Segment and Geographic Information (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

Summary of Revenue Disaggregated by Reportable Operating Segments

Disaggregation of Revenue

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 years ended December 31, 2024, 2023 and 2022 (in thousands):

			Year Ended December 31, 2024
			North America						EMEA						APAC						Consolidated
Major Offerings
Hardware			$	4,038,341					$	501,111					$	35,448					$	4,574,900
Software			1,721,403						626,372						92,965						2,440,740
Services			1,294,836						286,614						104,608						1,686,058
			$	7,054,580					$	1,414,097					$	233,021					$	8,701,698
Major Client Groups
Large Enterprise / Corporate			$	4,863,830					$	1,090,316					$	90,520					$	6,044,666
Commercial			1,433,458						30,562						66,340						1,530,360
Public Sector			757,292						293,219						76,161						1,126,672
			$	7,054,580					$	1,414,097					$	233,021					$	8,701,698
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)			$	6,480,667					$	1,283,792					$	191,727					$	7,956,186
Net revenue recognition (Agent)			573,913						130,305						41,294						745,512
			$	7,054,580					$	1,414,097					$	233,021					$	8,701,698

			Year Ended December 31, 2023
			North America						EMEA						APAC						Consolidated
Major Offerings
Hardware			$	4,498,466					$	546,621					$	43,850					$	5,088,937
Software			1,669,046						784,717						88,688						2,542,451
Services			1,214,842						232,316						97,294						1,544,452
			$	7,382,354					$	1,563,654					$	229,832					$	9,175,840
Major Client Groups
Large Enterprise / Corporate			$	5,210,365					$	1,176,415					$	94,982					$	6,481,762
Commercial			1,418,680						22,103						70,879						1,511,662
Public Sector			753,309						365,136						63,971						1,182,416
			$	7,382,354					$	1,563,654					$	229,832					$	9,175,840
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)			$	6,869,025					$	1,447,082					$	194,769					$	8,510,876
Net revenue recognition (Agent)			513,329						116,572						35,063						664,964
			$	7,382,354					$	1,563,654					$	229,832					$	9,175,840

			Year Ended December 31, 2022
			North America						EMEA						APAC						Consolidated
Major Offerings
Hardware			$	5,738,586					$	654,381					$	57,928					$	6,450,895
Software			1,552,715						857,516						86,661						2,496,892
Services			1,193,091						200,624						89,689						1,483,404
			$	8,484,392					$	1,712,521					$	234,278					$	10,431,191
Major Client Groups
Large Enterprise / Corporate			$	5,990,203					$	1,249,286					$	102,476					$	7,341,965
Commercial			1,710,340						61,873						68,491						1,840,704
Public Sector			783,849						401,362						63,311						1,248,522
			$	8,484,392					$	1,712,521					$	234,278					$	10,431,191
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)			$	8,035,218					$	1,603,600					$	199,788					$	9,838,606
Net revenue recognition (Agent)			449,174						108,921						34,490						592,585
			$	8,484,392					$	1,712,521					$	234,278					$	10,431,191

Schedule of Financial Information about Reportable Operating Segments

The tables below present information about our reportable operating segments (in thousands):

			Year Ended December 31, 2024
			North America						EMEA						APAC						Consolidated
Net sales:
Hardware			$	4,038,341					$	501,111					$	35,448					$	4,574,900
Software			1,721,403						626,372						92,965						2,440,740
Services			1,294,836						286,614						104,608						1,686,058
Total net sales			7,054,580						1,414,097						233,021						8,701,698
Costs of goods sold:
Hardware			3,514,630						423,475						30,648						3,968,753
Software			1,616,648						588,466						85,948						2,291,062
Services			521,308						108,968						45,591						675,867
Total costs of goods sold			5,652,586						1,120,909						162,187						6,935,682
Gross profit			1,401,994						293,188						70,834						1,766,016
Operating expenses:
Significant selling and administrative expenses			953,601						231,026						45,046						1,229,673
Stock-based compensation			26,416						6,226						1,329						33,971
Adjusted earnings from operations			421,977						55,936						24,459						502,372

			Year Ended December 31, 2023
			North America						EMEA						APAC						Consolidated
Net sales:
Hardware			$	4,498,466					$	546,621					$	43,850					$	5,088,937
Software			1,669,046						784,717						88,688						2,542,451
Services			1,214,842						232,316						97,294						1,544,452
Total net sales			7,382,354						1,563,654						229,832						9,175,840
Costs of goods sold:
Hardware			3,950,853						477,245						38,613						4,466,711
Software			1,569,848						740,340						82,279						2,392,467
Services			515,698						86,082						45,357						647,137
Total costs of goods sold			6,036,399						1,303,667						166,249						7,506,315
Gross profit			1,345,955						259,987						63,583						1,669,525
Operating expenses:
Significant selling and administrative expenses			899,527						206,860						42,060						1,148,447
Stock-based compensation			22,069						5,557						1,325						28,951
Adjusted earnings from operations			424,359						47,570						20,198						492,127

			Year Ended December 31, 2022
			North America						EMEA						APAC						Consolidated
Net sales:
Hardware			$	5,738,586					$	654,381					$	57,928					$	6,450,895
Software			1,552,715						857,516						86,661						2,496,892
Services			1,193,091						200,624						89,689						1,483,404
Total net sales			8,484,392						1,712,521						234,278						10,431,191
Costs of goods sold:
Hardware			5,117,909						582,162						51,242						5,751,313
Software			1,465,181						813,707						81,051						2,359,939
Services			572,969						69,383						41,020						683,372
Total costs of goods sold			7,156,059						1,465,252						173,313						8,794,624
Gross profit			1,328,333						247,269						60,965						1,636,567
Operating expenses:
Significant selling and administrative expenses			911,430						195,332						40,485						1,147,247
Stock based compensation			17,822						3,960						928						22,710
Adjusted earnings from operations			399,081						47,977						19,552						466,610

Our CODM uses Adjusted earnings from operations when assessing the performance of and deciding how to allocate resources to the operating segments. For example, Adjusted earnings from operations is a basis for executive variable compensation. Significant selling and administrative expenses primarily reflect personnel costs, including teammate benefits. Our CODM uses an Adjusted measure of earnings from operations which excludes amortization of intangible assets, severance and restructuring expenses, acquisition and integration related expenses and

certain other expenses. These other expenses include transformation costs, costs associated with third-party data center outages, net of recoveries, revaluation of earnout liabilities and other non-significant expenses. Our CODM uses comparisons of actual Adjusted earnings from operations against budget, forecasts and prior periods as a basis for assessing current period segment performance as well as for determining necessary resources to assign, including for determining necessary investments or reductions in resources.

Summary of Total Assets by Reportable Operating Segment

The following table is a summary of our total assets by reportable operating segment (in thousands):

			December 31,
			2024						2023
North America			$	6,704,511					$	6,521,591
EMEA			1,484,341						1,058,734
APAC			190,678						171,820
Corporate assets and intercompany eliminations, net			(930,952)						(1,465,795)
Total assets			$	7,448,578					$	6,286,350

Summary of Geographic Net Sales and Long-Lived Assets

The following is a summary of our geographic net sales and long-lived assets, consisting of property and equipment, net (in thousands):

			United States						United Kingdom						Other Foreign						Total
2024
Net sales			$	6,607,418					$	726,261					$	1,368,019					$	8,701,698
Total long-lived assets			$	188,819					$	11,675					$	15,184					$	215,678
2023
Net sales			$	6,923,030					$	709,078					$	1,543,732					$	9,175,840
Total long-lived assets			$	187,625					$	4,748					$	17,688					$	210,061
2022
Net sales			$	7,973,814					$	838,943					$	1,618,434					$	10,431,191
Total long-lived assets			$	182,482					$	4,601					$	17,177					$	204,260

Schedule of Pre-Tax Depreciation and Amortization by Operating Segment

We recorded the following pre-tax amounts, by operating segment, for depreciation and amortization in the accompanying consolidated financial statements (in thousands):

			Years Ended December 31,
			2024						2023						2022
Depreciation and amortization of property and equipment:
North America			$	24,587					$	22,964					$	20,587
EMEA			3,461						2,838						2,538
APAC			508						443						597
			28,556						26,245						23,722
Amortization of intangible assets:
North America			62,377						32,514						30,735
EMEA			6,912						3,277						1,696
APAC			292						440						461
			69,581						36,231						32,892
Total			$	98,137					$	62,476					$	56,614

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