XML 56 R24.htm IDEA: XBRL DOCUMENT v3.25.2
Segment Information
 12 Months Ended
Jun. 30, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information Segment Information
The Company is a leading distributor of technology solutions and services to customers in specialty technology markets. The Company's Chief Executive Officer is our Chief Operating Decision Maker ("CODM") who evaluates how we allocate resources, assess performance and make strategic and operational decisions. The CODM reviews key financial measures for each reportable segment based on various financial results including net sales, gross profit and operating income. In connection with that assessment, our CODM may exclude matters, such as charges for impairments, restructuring costs, acquisition and divestiture costs, gains and losses from business acquisitions or dispositions and litigation or tax settlements or recoveries. The CODM also reviews certain other measures including total assets and property and equipment by segment and geography. Based on such evaluation, the Company has two reportable segments based on sales model.

Specialty Technology Solutions Segment

The Specialty Technology Solutions segment operates in the United States, Canada and Brazil and includes specialty technology solutions distributed through a wholesale/resale sales model. This segment includes hardware, SAAS and subscription services. The specialty technology solutions include the following:

•Mobility and barcode - mobile computing, barcode scanners and imagers, radio frequency identification devices, barcode printing and related services;
•POS - Point of Sale systems, integrated POS software platforms;
•Payment terminals - Self-service kiosks including self-checkout, payment terminals and mobile payment devices;
•Physical security - video surveillance and analytics, video management software and access control;
•    Networking - switching, routing and wireless products and software;
•    Communications - voice, video, communication platform integration and contact center solutions; and
•    Connectivity - managed connectivity and wireless enablement solutions.

Intelisys & Advisory Segment

The Intelisys & Advisory segment operates in the United States and consists of sales and services to both channel sales partners (Intelisys) and end users (Advisory). As a technology services distributor, or TSD, Intelisys distributes connectivity, cloud and next-generation technologies through an agency sales model. Channel sales partners also have access to SaaS and subscription-based services through the company’s proprietary tools, platforms and flexible routes to market. In addition to traditional telecom services, key technology areas include:

•Connectivity & SDN (Software-Defined Networking)
•CX (Unified Communications as a Service and Contact Center as a Service)
•Cloud/Data Center
•Security
•Managed AI
•Wireless & IoT

By offering flexible routes to market and a robust solutions portfolio, this segment helps advisors service a wide range of end users including businesses of all sizes from VSB (“Very Small Business”) to Enterprise size businesses.
Selected financial information about the Company's segments for the fiscal years ended June 30, 2025, 2024, and 2023 are presented below:
Specialty Technology SolutionsIntelisys & Advisory
Corporate(a)
Total
Fiscal year ended June 30, 2025:
Net Sales$2,942,717 $98,093 $— $3,040,810 
Cost of sales2,631,315 849 — 2,632,164 
  Gross profit311,402 97,244 — 408,646 
Other operating expenses(b)
245,353 70,030 8,063 323,446 
  Operating income (loss)$66,049 $27,214 $(8,063)$85,200 
Other Segment Information
Depreciation and amortization(c)
$19,627 $8,878 $1,690 $30,195 
Change in fair value of contingent consideration(d)
$(840)$2,740 $— $1,900 
Capital expenditures$(7,776)$(510)$— $(8,286)
Fiscal year ended June 30, 2024:
Net Sales$3,167,549 $92,260 $— $3,259,809 
Cost of sales2,860,292 465 — 2,860,757 
  Gross profit307,257 91,795 — 399,052 
Other operating expenses(b)
240,579 61,200 6,949 308,728 
  Operating income (loss)$66,678 $30,595 $(6,949)$90,324 
Other Segment Information
Depreciation and amortization(c)
$17,133 $7,939 $2,937 $28,009 
Change in fair value of contingent consideration(d)
$— $— $— $— 
Capital expenditures$(8,414)$(141)$— $(8,555)
Fiscal year ended June 30, 2023:
Net Sales$3,701,667 $86,054 $— $3,787,721 
Cost of sales3,338,088 394 — 3,338,482 
Gross profit363,579 85,660 — 449,239 
Other operating expenses(b)
250,750 61,143 1,460 313,353 
Operating income (loss)$112,829 $24,517 $(1,460)$135,886 
Other Segment Information
Depreciation and amortization(c)
$17,943 $7,796 $2,875 $28,614 
Change in fair value of contingent consideration(d)
$— $— $— $— 
Capital expenditures$(9,827)$(152)$— $(9,979)
(a) For the year ended June 30, 2025, the amounts in Other operating expenses shown above include restructuring expenses, legal settlement expenses, acquisition expenses, as well as cyberattack restoration costs. For the year ended June 30, 2024, the amounts in Other operating expenses shown above include restructuring expenses, acquisition and divestiture expenses as well as cyberattack restoration costs. For the year ended June 30, 2023, the amounts in Other operating expenses shown above include cyberattack restoration costs
(b) Primarily includes payroll and other employee expenses and other selling and general administrative expenses
(c) Depreciation and amortization expense is primarily included within Other operating expenses
(d) Change in fair value of contingent consideration is included within Other operating expenses
 Fiscal Year Ended June 30,
 202520242023
 (in thousands)
Sales by Geography Category:
United States and Canada$2,809,447 $2,928,606 $3,443,562 
Brazil240,071 338,637 355,646 
Less intercompany sales(8,708)(7,434)(11,487)
$3,040,810 $3,259,809 $3,787,721 

June 30, 2025June 30, 2024
 (in thousands)
Assets:
Specialty Technology Solutions$1,564,119 $1,499,146 
Intelisys & Advisory221,487 279,886 
$1,785,606 $1,779,032 
Property and equipment, net by Geography Category:
United States and Canada$15,047 $21,613 
Brazil16,122 11,888 
$31,169 $33,501