XML 55 R40.htm IDEA: XBRL DOCUMENT v3.25.0.1
SEGMENT AND RELATED DISCLOSURES (Tables)
12 Months Ended
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.