XML 45 R24.htm IDEA: XBRL DOCUMENT v3.24.2.u1
Segment Information
 12 Months Ended
Jun. 30, 2024
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information Segment Information
The Company is a leading provider of technology solutions and services to customers in specialty technology markets. The Company has two reportable segments, based on technology type.

Specialty Technology Solutions Segment

The Specialty Technology Solutions segment includes the Company’s business in mobility and barcode, POS, payments, security and networking technologies. Mobility and barcode solutions include mobile computing, barcode scanners and imagers, radio frequency identification devices, barcode printing and related services. POS and payments solutions include POS systems, integrated POS software platforms, self-service kiosks including self-checkout, payment terminals and mobile payment devices. Security solutions include video surveillance and analytics, video management software and access control. Networking solutions include switching, routing and wireless products and software. The Company has business operations within this segment in the United States, Canada and Brazil.

Modern Communications & Cloud Segment

The Modern Communications & Cloud segment includes the Company’s business in communications and collaboration, connectivity and cloud services. Communications and collaboration solutions, delivered in the cloud, on-premise or hybrid, include voice, video, integration of communication platforms and contact center solutions. The Intelisys connectivity and cloud marketplace offers telecom, cable, UCaaS, CCaaS, infrastructure as a service, software-defined wide-area network and other cloud services. This segment includes SaaS and subscription services, which the Company offers using digital tools and platforms. The Company has business operations within this segment in the United States, Canada and Brazil.
Selected financial information for each business segment is presented below:
 Fiscal Year Ended June 30,
 202420232022
 (in thousands)
Sales:
Specialty Technology Solutions$1,998,636 $2,331,030 $2,082,321 
Modern Communications & Cloud1,261,173 1,456,691 1,447,614 
$3,259,809 $3,787,721 $3,529,935 
Depreciation and amortization:
Specialty Technology Solutions$11,197 $10,838 $11,754 
Modern Communications & Cloud13,875 14,901 15,110 
Corporate2,937 2,875 3,020 
$28,009 $28,614 $29,884 
Operating income:
Specialty Technology Solutions$44,726 $75,688 $66,686 
Modern Communications & Cloud52,547 61,658 55,511 
Corporate(1)
(6,949)(1,460)(30)
$90,324 $135,886 $122,167 
Capital expenditures:
Specialty Technology Solutions$(2,374)$(3,966)$(1,667)
Modern Communications & Cloud(6,181)(6,013)(5,182)
$(8,555)$(9,979)$(6,849)
Sales by Geography Category:
United States$2,928,606 $3,443,561 $3,178,829 
International338,637 355,647 356,241 
Less intercompany sales(7,434)(11,487)(5,135)
$3,259,809 $3,787,721 $3,529,935 

(1) For the year ended June 30, 2024, the amounts shown above include restructuring expenses, acquisition and divestiture expenses as well as cyberattack restoration costs. For the year ended June 30, 2023, the amounts shown above include cyberattack restoration costs. For the year ended June 30, 2022, the amounts shown above include divestiture costs.
June 30, 2024June 30, 2023
 (in thousands)
Assets:
Specialty Technology Solutions$878,025 $1,104,103 
Modern Communications & Cloud901,007 964,066 
$1,779,032 $2,068,169 
Property and equipment, net by Geography Category:
United States$21,613 $27,323 
International11,888 10,056 
$33,501 $37,379