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v3.23.1

Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2023
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended
​ | ​ | March 31,
​ |  | 2023 |  | 2022
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 78,550 | ​ | $ | 65,784
Solutions | ​ |  | 6,490 | ​ |  | 5,535
​ | ​ |  | 85,040 | ​ |  | 71,319
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 12,728 | ​ | $ | 9,593
Solutions | ​ |  | 2,481 | ​ |  | 2,388
​ | ​ |  | 15,209 | ​ |  | 11,981
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 4,777 | ​ | $ | 3,664
Solutions | ​ |  | 1,301 | ​ |  | 1,138
​ | ​ |  | 6,078 | ​ |  | 4,802
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 7,951 | ​ | $ | 5,929
Solutions | ​ |  | 1,180 | ​ |  | 1,250
Segment Income Before Taxes | ​ |  | 9,131 | ​ |  | 7,179
​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 4,185 | ​ | $ | 3,447
Amortization and depreciation expense | ​ | ​ | 713 | ​ | ​ | 357
Interest, net | ​ | ​ | 112 | ​ | ​ | (10)
Foreign currency transaction gain | ​ |  | 44 | ​ |  | 143
Income before taxes | ​ | $ | 4,389 | ​ | $ | 3,508
​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction loss
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | March 31, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2023 | ​ | 2022 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 148,633 | ​ | $ | 180,602 | ​
Solutions | ​ |  | 22,044 | ​ |  | 21,420 | ​
Segment Select Assets | ​ |  | 170,677 | ​ |  | 202,022 | ​
Corporate Assets | ​ |  | 75,855 | ​ |  | 29,834 | ​
Total Assets | ​ | $ | 246,532 | ​ | $ | 231,856 | ​
​ ​
Summary of disaggregation of revenue according to revenue type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended |
​ | ​ | March 31, 2023 | ​
​ | ​ | Distribution |  | Solutions | ​ | Total | ​
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
USA | ​ | $ | 56,743 | ​ | $ | 3,666 | ​ | $ | 60,409 | ​
Europe and United Kingdom | ​ |  | 15,416 | ​ |  | 2,501 | ​ |  | 17,917 | ​
Canada | ​ |  | 6,391 | ​ |  | 323 | ​ |  | 6,714 | ​
Total net sales | ​ | $ | 78,550 | ​ | $ | 6,490 | ​ | $ | 85,040 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 68,568 | ​ | $ | 4,833 | ​ | $ | 73,401 | ​
Transferred at a point in time where the Company is agent (2) | ​ |  | 9,982 | ​ |  | 1,657 | ​ |  | 11,639 | ​
Total net sales | ​ | $ | 78,550 | ​ | $ | 6,490 | ​ | $ | 85,040 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended |
​ | ​ | March 31, 2022 | ​
​ | ​ | Distribution |  | Solutions | ​ | Total | ​
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
USA | ​ | $ | 53,116 | ​ | $ | 2,512 | ​ | $ | 55,628 | ​
Europe and United Kingdom | ​ |  | 7,437 | ​ |  | 2,557 | ​ |  | 9,994 | ​
Canada | ​ |  | 5,231 | ​ |  | 466 | ​ |  | 5,697 | ​
Total net sales | ​ | $ | 65,784 | ​ | $ | 5,535 | ​ | $ | 71,319 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 59,140 | ​ | $ | 4,010 | ​ | $ | 63,150 | ​
Transferred at a point in time where the Company is agent (2) | ​ |  | 6,644 | ​ |  | 1,525 | ​ |  | 8,169 | ​
Total net sales | ​ | $ | 65,784 | ​ | $ | 5,535 | ​ | $ | 71,319 | ​
​
(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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | December 31, |
Identifiable Assets by Geographic Areas | ​ | 2023 |  | 2022 | ​
USA | ​ | $ | 140,205 | ​ | $ | 137,877 | ​
Canada | ​ | ​ | 30,990 | ​ | ​ | 27,597 | ​
Europe and United Kingdom | ​ | ​ | 75,337 | ​ | ​ | 66,382 | ​
Total | ​ | $ | 246,532 | ​ | $ | 231,856 | ​

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