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v3.22.2

Segment Information (Tables) | 6 Months Ended
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Jun. 30, 2022
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​ | Three months ended
​ | ​ | June 30, | ​ | June 30,
​ | ​ | 2022 |  | 2021 |  | 2022 |  | 2021
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 128,775 | ​ | $ | 124,692 | ​ | $ | 62,992 | ​ | $ | 69,872
Solutions | ​ |  | 10,407 | ​ |  | 13,471 | ​ |  | 4,871 | ​ |  | 5,478
​ | ​ |  | 139,182 | ​ |  | 138,163 | ​ |  | 67,863 | ​ |  | 75,350
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 19,852 | ​ | $ | 16,688 | ​ | $ | 10,259 | ​ | $ | 8,814
Solutions | ​ |  | 4,614 | ​ |  | 5,134 | ​ |  | 2,227 | ​ |  | 2,165
​ | ​ |  | 24,466 | ​ |  | 21,822 | ​ |  | 12,486 | ​ |  | 10,979
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 7,251 | ​ | $ | 7,590 | ​ | $ | 3,587 | ​ | $ | 3,677
Solutions | ​ |  | 2,148 | ​ |  | 2,528 | ​ |  | 1,010 | ​ |  | 1,120
​ | ​ |  | 9,399 | ​ |  | 10,118 | ​ |  | 4,597 | ​ |  | 4,797
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 12,601 | ​ | $ | 9,098 | ​ | $ | 6,672 | ​ | $ | 5,137
Solutions | ​ |  | 2,466 | ​ |  | 2,606 | ​ |  | 1,217 | ​ |  | 1,045
Segment Income Before Taxes | ​ |  | 15,067 | ​ |  | 11,704 | ​ |  | 7,889 | ​ |  | 6,182
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 6,784 | ​ | $ | 6,433 | ​ | $ | 3,337 | ​ | $ | 3,341
Amortization and depreciation expense | ​ | ​ | 802 | ​ | ​ | 796 | ​ | ​ | 445 | ​ | ​ | 398
Interest, net | ​ |  | (17) | ​ |  | 301 | ​ | ​ | (7) | ​ | ​ | 291
Foreign currency transaction (loss) gain | ​ | ​ | (298) | ​ | ​ | (66) | ​ |  | (442) | ​ |  | 25
Income before taxes | ​ | $ | 7,166 | ​ | $ | 4,710 | ​ | $ | 3,658 | ​ | $ | 2,759
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction (loss) gain.
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | June 30, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2022 | ​ | 2021 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 125,277 | ​ | $ | 133,506 | ​
Solutions | ​ |  | 17,307 | ​ |  | 18,895 | ​
Segment Select Assets | ​ |  | 142,584 | ​ |  | 152,401 | ​
Corporate Assets | ​ |  | 36,419 | ​ |  | 38,351 | ​
Total Assets | ​ | $ | 179,003 | ​ | $ | 190,752 | ​
​
Summary of disaggregation of revenue according to revenue type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six months ended |  | Three months ended
​ | ​ | June 30, 2022 | ​ | June 30, 2022
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 104,523 | ​ | $ | 4,803 | ​ | $ | 109,326 | ​ | $ | 51,407 | ​ | $ | 2,291 | ​ | $ | 53,698
Europe and United Kingdom | ​ |  | 13,319 | ​ |  | 4,739 | ​ |  | 18,058 | ​ |  | 5,883 | ​ |  | 2,182 | ​ |  | 8,065
Canada | ​ |  | 10,933 | ​ |  | 865 | ​ |  | 11,798 | ​ |  | 5,702 | ​ |  | 398 | ​ |  | 6,100
Total net sales | ​ | $ | 128,775 | ​ | $ | 10,407 | ​ | $ | 139,182 | ​ | $ | 62,992 | ​ | $ | 4,871 | ​ | $ | 67,863
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 114,937 | ​ | $ | 7,093 | ​ | $ | 122,030 | ​ | $ | 55,797 | ​ | $ | 3,083 | ​ | $ | 58,880
Transferred at a point in time where the Company is agent (2) | ​ |  | 13,838 | ​ |  | 3,314 | ​ |  | 17,152 | ​ |  | 7,195 | ​ |  | 1,788 | ​ |  | 8,983
Total net sales | ​ | $ | 128,775 | ​ | $ | 10,407 | ​ | $ | 139,182 | ​ | $ | 62,992 | ​ | $ | 4,871 | ​ | $ | 67,863
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six months ended |  | Three months ended
​ | ​ | June 30, 2021 | ​ | June 30, 2021
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 99,049 | ​ | $ | 7,164 | ​ | $ | 106,213 | ​ | $ | 57,964 | ​ | $ | 2,185 | ​ | $ | 60,149
Europe and United Kingdom | ​ |  | 12,969 | ​ |  | 5,571 | ​ |  | 18,540 | ​ |  | 5,724 | ​ |  | 2,827 | ​ |  | 8,551
Canada | ​ |  | 12,674 | ​ |  | 736 | ​ |  | 13,410 | ​ |  | 6,184 | ​ |  | 466 | ​ |  | 6,650
Total net sales | ​ | $ | 124,692 | ​ | $ | 13,471 | ​ | $ | 138,163 | ​ | $ | 69,872 | ​ | $ | 5,478 | ​ | $ | 75,350
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 113,240 | ​ | $ | 9,897 | ​ | $ | 123,137 | ​ | $ | 63,882 | ​ | $ | 3,746 | ​ | $ | 67,628
Transferred at a point in time where the Company is agent (2) | ​ |  | 11,452 | ​ |  | 3,574 | ​ |  | 15,026 | ​ |  | 5,990 | ​ |  | 1,732 | ​ |  | 7,722
Total net sales | ​ | $ | 124,692 | ​ | $ | 13,471 | ​ | $ | 138,163 | ​ | $ | 69,872 | ​ | $ | 5,478 | ​ | $ | 75,350
​
(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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | June 30, | ​ | December 31, |
Identifiable Assets by Geographic Areas | ​ | 2022 |  | 2021 | ​
USA | ​ | $ | 116,346 | ​ | $ | 122,445 | ​
Canada | ​ | ​ | 23,093 | ​ | ​ | 24,923 | ​
Europe and United Kingdom | ​ | ​ | 39,564 | ​ | ​ | 43,384 | ​
Total | ​ | $ | 179,003 | ​ | $ | 190,752 | ​

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