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Segment Information | 3 Months Ended
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Sep. 30, 2025
Segment Reporting, Measurement Disclosures [Abstract] |
Segment Information | Segment Information The Company is a leading provider of technology solutions and services to channel sales partners 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. These measures are assessed in the annual budget process as well as on an actual-to-budget comparison and an actual-to-forecast comparison when making decisions about the allocation of resources to each segment. In addition to financial results such as net sales, gross profit, and operating income, the CODM also considers a range of operational and financial metrics, including EBITDA, return on invested capital, customer metrics and other strategic indicators. These tools support a comprehensive view of performance and inform strategic decisions across our reportable segments. Corporate primarily includes corporate service costs that are not included in the CODM's assessment of the performance of each of the identified reportable segments. In connection with that assessment, our CODM may exclude matters, such as charges for impairments, significant, higher-cost restructuring programs, costs associated with separation activities, acquisition costs and other related charges, certain gains and losses from acquisitions or dispositions and certain litigation settlements. The CODM also reviews certain other measures including total assets and property and equipment by segment and geography. Based on such evaluations, the Company has two reportable segments based on sales model. Specialty Technology Solutions Segment The Specialty Technology Solutions segment operate s primarily in the United States 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, RFID (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 quarters ended September 30, 2025 and 2024 are presented below:
|  | Specialty Technology Solutions |  | Intelisys & Advisory |  | Corporate(a) |  | Total
Quarter ended September 30, 2025: |  |  |  |  |  |  |  |
Net Sales |  | $ | 715,447 |  |  | $ | 24,203 |  |  | $ | — |  |  | $ | 739,650 |
Cost of sales |  | 631,544 |  |  | 633 |  |  | — |  |  | 632,177 |
Gross profit |  | 83,903 |  |  | 23,570 |  |  | — |  |  | 107,473 |
Other operating expenses(b) |  | 63,528 |  |  | 17,752 |  |  | 290 |  |  | 81,570 |
Operating income (loss) |  | $ | 20,375 |  |  | $ | 5,818 |  |  | $ | (290) |  |  | $ | 25,903 |
Other Segment Items |  |  |  |  |  |  |  |
Depreciation and amortization(c) |  | $ | 3,970 |  |  | $ | 2,230 |  |  | $ | — |  |  | $ | 6,200 |
Change in fair value of contingent consideration(d) |  | $ | 145 |  |  | $ | 169 |  |  | $ | — |  |  | $ | 314 |
Capital expenditures |  | $ | (2,174) |  |  | $ | (221) |  |  | $ | — |  |  | $ | (2,395) |
Quarter ended September 30, 2024: |  |  |  |  |  |  |  |
Net Sales |  | $ | 752,299 |  |  | $ | 23,281 |  |  | $ | — |  |  | $ | 775,580 |
Cost of sales |  | 673,842 |  |  | 119 |  |  | — |  |  | 673,961 |
Gross profit |  | 78,457 |  |  | 23,162 |  |  | — |  |  | 101,619 |
Other operating expenses(b) |  | 61,719 |  |  | 16,749 |  |  | 5,521 |  |  | 83,989 |
Operating income (loss) |  | $ | 16,738 |  |  | $ | 6,413 |  |  | $ | (5,521) |  |  | $ | 17,630 |
Other Segment Items |  |  |  |  |  |  |  |
Depreciation and amortization(c) |  | $ | 4,626 |  |  | $ | 2,125 |  |  | $ | 720 |  |  | $ | 7,471 |
Capital expenditures |  | $ | (2,228) |  |  | $ | (147) |  |  | $ | — |  |  | $ | (2,375) |
(a) For the quarter ended September 30, 2025, the amount in Other operating expenses unallocated to the segments include restructuring expense, acquisition and divestiture, cyberattack restoration costs, as well as legal settlement. For the quarter ended September 30, 2024, the amount in Other operating expenses unallocated to the segments includes acquisition and divestiture costs, as well as 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
| Quarter ended |  |  |  |
| September 30, |  |  |  |
| 2025 |  | 2024 |  |  |  |  |  |
| (in thousands) |  |
Sales by Geography Category: |  |  |  |  |  |  |  |  |
United States | $ | 683,094 |  |  | $ | 715,989 |  |  |  |  |  |  |
Brazil | 57,433 |  |  | 63,561 |  |  |  |  |  |  |
Less intercompany sales | (877) |  |  | (3,970) |  |  |  |  |  |  |
Net sales (a) | $ | 739,650 |  |  | $ | 775,580 |  |  |  |  |  |  |
(a) Countries outside of the United States and Brazil represent less than 5.0% of net sales for the quarters ended September 30, 2025 and 2024. |  |
| September 30, 2025 |  | June 30, 2025
| (in thousands)
Assets: |  |  |
Specialty Technology Solutions | $ | 1,494,057 |  |  | $ | 1,564,119 |
Intelisys & Advisory | 222,919 |  |  | 221,487 |
| $ | 1,716,976 |  |  | $ | 1,785,606 |
Property and equipment, net by Geography Category: |  |  |
United States | $ | 14,685 |  |  | $ | 15,047 |
Brazil | 17,536 |  |  | 16,122 |
| $ | 32,221 |  |  | $ | 31,169 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-21 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name 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