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SEGMENT AND RELATED DISCLOSURES (Tables) | 12 Months Ended
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Dec. 31, 2024
Segment Information |
Segment information applicable to reportable operating segments | Segment information applicable to the Company’s operating segments and the related reconciliations to consolidated amounts for the years ended December 31, 2024, 2023, and 2022 are shown below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2024 |
​ |  | Enterprise Solutions |  | Business Solutions |  | Public Sector Solutions |  | Total |
Net sales | ​ | $ | 1,181,148 | ​ | $ | 1,049,139 | ​ | $ | 571,831 | ​ | $ | 2,802,118 | ​
Cost of sales | ​ |  | 1,001,187 | ​ |  | 796,684 | ​ |  | 484,453 | ​ | ​ | ​ | ​
Personnel costs | ​ |  | 62,378 | ​ |  | 70,472 | ​ |  | 36,661 | ​ | ​ | ​ | ​
Marketing | ​ | ​ | 5,318 | ​ | ​ | 16,127 | ​ | ​ | 3,646 | ​ | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 72,601 | ​ | ​ | 81,918 | ​ | ​ | 40,959 | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 852 | ​ | ​ | 620 | ​ | ​ | 91 | ​ | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 4,831 | ​ | ​ | 6,467 | ​ | ​ | 3,733 | ​ | ​ | ​ | ​
Operating income | ​ | $ | 33,981 | ​ | $ | 76,851 | ​ | $ | 2,288 | ​ | $ | 113,120 | ​
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (16,058) | ​
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 18,725 | ​
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1,700 | ​
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 117,487 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets | ​ | $ | 737,405 | ​ | $ | 564,110 | ​ | $ | 114,524 | ​ | $ | 1,416,039 | ​
Headquarters/Other assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (116,685) | ​
Consolidated assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,299,354 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2023 | ​
​ |  | Enterprise Solutions |  | Business Solutions |  | Public Sector Solutions |  | Total | ​
Net sales | ​ | $ | 1,201,131 | ​ | $ | 1,075,599 | ​ | $ | 573,914 | ​ | $ | 2,850,644 | ​
Cost of sales | ​ |  | 1,022,273 | ​ |  | 828,499 | ​ |  | 488,136 | ​ | ​ | ​ | ​
Personnel costs | ​ |  | 68,112 | ​ |  | 73,103 | ​ |  | 37,031 | ​ | ​ | ​ | ​
Marketing | ​ | ​ | 4,683 | ​ | ​ | 13,755 | ​ | ​ | 3,486 | ​ | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 59,825 | ​ | ​ | 77,420 | ​ | ​ | 38,710 | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 1,452 | ​ | ​ | 628 | ​ | ​ | 84 | ​ | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 5,570 | ​ | ​ | 6,044 | ​ | ​ | 4,290 | ​ | ​ | ​ | ​
Operating income | ​ | $ | 39,216 | ​ | $ | 76,150 | ​ | $ | 2,177 | ​ | $ | 117,543 | ​
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (14,390) | ​
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 9,961 | ​
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | — | ​
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 113,114 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets | ​ | $ | 704,577 | ​ | $ | 502,739 | ​ | $ | 79,384 | ​ | $ | 1,286,700 | ​
Headquarters/Other assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (98,319) | ​
Consolidated assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,188,381 | ​
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Year Ended December 31, 2022 | ​
​ |  | Enterprise Solutions |  | Business Solutions |  | Public Sector Solutions |  | Total | ​
Net sales | ​ | $ | 1,324,361 | ​ | $ | 1,245,311 | ​ | $ | 555,324 | ​ | $ | 3,124,996 | ​
Cost of sales | ​ |  | 1,129,297 | ​ |  | 994,362 | ​ |  | 475,159 | ​ | ​ | ​ | ​
Personnel costs | ​ |  | 69,882 | ​ |  | 69,301 | ​ |  | 32,030 | ​ | ​ | ​ | ​
Marketing | ​ | ​ | 2,285 | ​ | ​ | 14,385 | ​ | ​ | 3,485 | ​ | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 61,659 | ​ | ​ | 79,795 | ​ | ​ | 39,897 | ​ | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 1,992 | ​ | ​ | 661 | ​ | ​ | 78 | ​ | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 5,769 | ​ | ​ | 7,332 | ​ | ​ | 3,570 | ​ | ​ | ​ | ​
Operating income | ​ | $ | 53,477 | ​ | $ | 79,475 | ​ | $ | 1,105 | ​ | $ | 134,057 | ​
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (13,505) | ​
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1,083 | ​
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | — | ​
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 121,635 | ​
​
| 1) | Other segment expenses for each of the reportable segments include service contracts/subscriptions, professional fees, facilities operations, credit card fees, and other miscellaneous expenses.
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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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