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Segment Information (Tables) | 9 Months Ended
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Sep. 30, 2021
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended | ​ | Three months ended
​ | ​ | September 30, | ​ | September 30,
​ | ​ | 2021 |  | 2020 |  | 2021 |  | 2020
Revenue: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 188,785 | ​ | $ | 168,536 | ​ | $ | 64,094 | ​ | $ | 57,059
Solutions | ​ |  | 18,289 | ​ |  | 11,588 | ​ |  | 4,817 | ​ |  | 3,860
​ | ​ |  | 207,074 | ​ |  | 180,124 | ​ |  | 68,911 | ​ |  | 60,919
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 25,985 | ​ | $ | 20,390 | ​ | $ | 9,298 | ​ | $ | 6,585
Solutions | ​ |  | 7,155 | ​ |  | 2,125 | ​ |  | 2,021 | ​ |  | 652
​ | ​ |  | 33,140 | ​ |  | 22,515 | ​ |  | 11,319 | ​ |  | 7,237
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 11,073 | ​ | $ | 8,387 | ​ | $ | 3,484 | ​ | $ | 2,993
Solutions | ​ |  | 3,620 | ​ |  | 992 | ​ |  | 1,092 | ​ |  | 275
​ | ​ |  | 14,693 | ​ |  | 9,379 | ​ |  | 4,576 | ​ |  | 3,268
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 14,912 | ​ | $ | 12,003 | ​ | $ | 5,814 | ​ | $ | 3,592
Solutions | ​ |  | 3,535 | ​ |  | 1,133 | ​ |  | 929 | ​ |  | 377
Segment Income Before Taxes | ​ |  | 18,447 | ​ |  | 13,136 | ​ |  | 6,743 | ​ |  | 3,969
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 9,619 | ​ | $ | 7,487 | ​ | $ | 3,185 | ​ | $ | 2,725
Legal and financial advisory expenses, net - unsolicited bid and related matters | ​ | ​ | — | ​ | ​ | 1,752 | ​ | ​ | — | ​ | ​ | (81)
Acquisition related costs | ​ | ​ | — | ​ | ​ | 982 | ​ | ​ | — | ​ | ​ | 344
Amortization and depreciation expense | ​ | ​ | 1,177 | ​ | ​ | 403 | ​ | ​ | 381 | ​ | ​ | 164
Interest, net | ​ |  | 362 | ​ |  | 105 | ​ | ​ | 60 | ​ | ​ | 19
Foreign currency transaction (loss) gain | ​ | ​ | (107) | ​ | ​ | 211 | ​ |  | (41) | ​ |  | (67)
Income before taxes | ​ | $ | 7,906 | ​ | $ | 2,828 | ​ | $ | 3,196 | ​ | $ | 769
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction (loss) gain.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | September 30, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2021 | ​ | 2020 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 113,441 | ​ | $ | 106,930 | ​
Solutions | ​ |  | 19,973 | ​ |  | 20,807 | ​
Segment Select Assets | ​ |  | 133,414 | ​ |  | 127,737 | ​
Corporate Assets | ​ |  | 38,322 | ​ |  | 37,796 | ​
Total Assets | ​ | $ | 171,736 | ​ | $ | 165,533 | ​
​
Summary of disaggregation of revenue according to revenue type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended |  | Three months ended
​ | ​ | September 30, 2021 | ​ | September 30, 2021
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 152,789 | ​ | $ | 9,194 | ​ | $ | 161,983 | ​ | $ | 53,744 | ​ | $ | 2,030 | ​ | $ | 55,774
Europe and United Kingdom | ​ |  | 18,758 | ​ |  | 8,020 | ​ |  | 26,778 | ​ |  | 5,789 | ​ |  | 2,449 | ​ |  | 8,238
Canada | ​ |  | 17,238 | ​ |  | 1,075 | ​ |  | 18,313 | ​ |  | 4,561 | ​ |  | 338 | ​ |  | 4,899
Total net sales | ​ | $ | 188,785 | ​ | $ | 18,289 | ​ | $ | 207,074 | ​ | $ | 64,094 | ​ | $ | 4,817 | ​ | $ | 68,911
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 171,151 | ​ | $ | 13,064 | ​ | $ | 184,215 | ​ | $ | 57,917 | ​ | $ | 3,167 | ​ | $ | 61,084
Transferred at a point in time where the Company is agent (2) | ​ |  | 17,634 | ​ |  | 5,225 | ​ |  | 22,859 | ​ |  | 6,177 | ​ |  | 1,650 | ​ |  | 7,827
Total net sales | ​ | $ | 188,785 | ​ | $ | 18,289 | ​ | $ | 207,074 | ​ | $ | 64,094 | ​ | $ | 4,817 | ​ | $ | 68,911
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended |  | Three months ended
​ | ​ | September 30, 2020 | ​ | September 30, 2020
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 154,727 | ​ | $ | 10,251 | ​ | $ | 164,978 | ​ | $ | 53,857 | ​ | $ | 3,553 | ​ | $ | 57,410
Europe and United Kingdom | ​ |  | 6,283 | ​ |  | — | ​ |  | 6,283 | ​ |  | 1,748 | ​ |  | — | ​ |  | 1,748
Canada | ​ |  | 7,526 | ​ |  | 1,337 | ​ |  | 8,863 | ​ |  | 1,454 | ​ |  | 307 | ​ |  | 1,761
Total net sales | ​ | $ | 168,536 | ​ | $ | 11,588 | ​ | $ | 180,124 | ​ | $ | 57,059 | ​ | $ | 3,860 | ​ | $ | 60,919
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 155,038 | ​ | $ | 10,913 | ​ | $ | 165,951 | ​ | $ | 52,706 | ​ | $ | 3,664 | ​ | $ | 56,370
Transferred at a point in time where the Company is agent (2) | ​ |  | 13,498 | ​ |  | 675 | ​ |  | 14,173 | ​ |  | 4,353 | ​ |  | 196 | ​ |  | 4,549
Total net sales | ​ | $ | 168,536 | ​ | $ | 11,588 | ​ | $ | 180,124 | ​ | $ | 57,059 | ​ | $ | 3,860 | ​ | $ | 60,919
​
(1) | Includes net sales from third-party hardware and software products.
​
(2) | Includes net sales from third-party maintenance, software support and services.
Schedule of net sales to identifiable assets by geographic areas | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | December 31, |
Identifiable Assets by Geographic Areas | ​ | 2021 |  | 2020 | ​
USA | ​ | $ | 110,114 | ​ | $ | 114,126 | ​
Canada | ​ | ​ | 20,649 | ​ | ​ | 18,514 | ​
Europe and United Kingdom | ​ | ​ | 40,973 | ​ | ​ | 32,893 | ​
Total | ​ | $ | 171,736 | ​ | $ | 165,533 | ​

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