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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2025
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 three and nine months ended September 30, 2025 and 2024 are shown below (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2025
​ | ​ | Enterprise Solutions |  | Business Solutions | ​ | Public Sector Solutions |  | Total
Net sales |  | $ | 319,744 | ​ | $ | 256,841 | ​ | $ | 132,483 | ​ | $ | 709,068
Cost of sales | ​ |  | 271,976 | ​ |  | 188,779 | ​ |  | 109,668 | ​ | ​ | ​
Personnel costs | ​ |  | 16,626 | ​ |  | 17,490 | ​ |  | 9,603 | ​ | ​ | ​
Marketing | ​ | ​ | 895 | ​ | ​ | 2,724 | ​ | ​ | 675 | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 18,999 | ​ | ​ | 22,822 | ​ | ​ | 11,410 | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 195 | ​ | ​ | 155 | ​ | ​ | 22 | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 670 | ​ | ​ | 1,165 | ​ | ​ | 1,730 | ​ | ​ | ​
Operating income (loss) | ​ | $ | 10,383 | ​ | $ | 23,706 | ​ | $ | (625) | ​ | $ | 33,464
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (3,198)
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 3,689
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 33,955
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three Months Ended September 30, 2024
​ | ​ | Enterprise Solutions |  | Business Solutions | ​ | Public Sector Solutions |  | Total
Net sales |  | $ | 296,970 | ​ | $ | 252,631 | ​ | $ | 175,116 | ​ | $ | 724,717
Cost of sales | ​ |  | 250,753 | ​ |  | 189,498 | ​ |  | 149,060 | ​ | ​ | ​
Personnel costs | ​ |  | 15,781 | ​ |  | 17,343 | ​ |  | 9,794 | ​ | ​ | ​
Marketing | ​ | ​ | 1,228 | ​ | ​ | 4,178 | ​ | ​ | 739 | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 17,767 | ​ | ​ | 20,003 | ​ | ​ | 10,001 | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 215 | ​ | ​ | 155 | ​ | ​ | 22 | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 946 | ​ | ​ | 1,389 | ​ | ​ | 1,158 | ​ | ​ | ​
Operating income | ​ | $ | 10,280 | ​ | $ | 20,065 | ​ | $ | 4,342 | ​ | $ | 34,687
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (4,646)
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 4,837
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1,700
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 36,578
​
| 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.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2025
​ | ​ | Enterprise Solutions |  | Business Solutions | ​ | Public Sector Solutions |  | Total
Net sales |  | $ | 943,758 | ​ | $ | 808,394 | ​ | $ | 417,655 | ​ | $ | 2,169,807
Cost of sales | ​ |  | 806,070 | ​ |  | 606,076 | ​ |  | 353,939 | ​ | ​ | ​
Personnel costs | ​ |  | 49,791 | ​ |  | 52,927 | ​ |  | 28,462 | ​ | ​ | ​
Marketing | ​ | ​ | 3,779 | ​ | ​ | 10,127 | ​ | ​ | 2,334 | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 55,358 | ​ | ​ | 65,819 | ​ | ​ | 32,909 | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 582 | ​ | ​ | 465 | ​ | ​ | 67 | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 2,947 | ​ | ​ | 5,293 | ​ | ​ | 6,043 | ​ | ​ | ​
Operating income (loss) | ​ | $ | 25,231 | ​ | $ | 67,687 | ​ | $ | (6,099) | ​ | $ | 86,819
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (11,134)
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 10,805
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 76
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 86,566
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets | ​ | $ | 743,554 | ​ | $ | 620,098 | ​ | $ | 94,832 | ​ | $ | 1,458,484
Headquarters/Other assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (152,964)
Consolidated assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,305,520
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine Months Ended September 30, 2024
​ | ​ | Enterprise Solutions |  | Business Solutions | ​ | Public Sector Solutions |  | Total
Net sales |  | $ | 878,437 | ​ | $ | 786,698 | ​ | $ | 428,086 | ​ | $ | 2,093,221
Cost of sales | ​ |  | 743,441 | ​ |  | 596,875 | ​ |  | 362,885 | ​ | ​ | ​
Personnel costs | ​ |  | 46,596 | ​ |  | 53,430 | ​ |  | 27,455 | ​ | ​ | ​
Marketing | ​ | ​ | 3,872 | ​ | ​ | 12,180 | ​ | ​ | 2,734 | ​ | ​ | ​
Allocated corporate overhead | ​ | ​ | 54,582 | ​ | ​ | 61,200 | ​ | ​ | 30,600 | ​ | ​ | ​
Depreciation and amortization | ​ | ​ | 641 | ​ | ​ | 465 | ​ | ​ | 68 | ​ | ​ | ​
Other segment expenses1 | ​ | ​ | 2,948 | ​ | ​ | 4,465 | ​ | ​ | 2,638 | ​ | ​ | ​
Operating income | ​ | $ | 26,357 | ​ | $ | 58,083 | ​ | $ | 1,706 | ​ | $ | 86,146
Unallocated Headquarters/Other expenses | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (11,722)
Interest income, net | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 14,053
Other income | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | 1,700
Income before taxes | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 90,177
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Segment assets | ​ | $ | 717,143 | ​ | $ | 553,881 | ​ | $ | 117,728 | ​ | $ | 1,388,752
Headquarters/Other assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ |  | (103,007)
Consolidated assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | $ | 1,285,745
​
| 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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