XML 44 R32.htm IDEA: XBRL DOCUMENT
v3.23.2

Segment Information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Six months ended | ​ | Three months ended
​ | ​ | June 30, | ​ | June 30,
​ | ​ | 2023 |  | 2022 |  | 2023 |  | 2022
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 154,678 | ​ | $ | 128,775 | ​ | $ | 76,128 | ​ | $ | 62,992
Solutions | ​ |  | 12,093 | ​ |  | 10,407 | ​ |  | 5,604 | ​ |  | 4,871
​ | ​ |  | 166,771 | ​ |  | 139,182 | ​ |  | 81,732 | ​ |  | 67,863
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 23,801 | ​ | $ | 19,852 | ​ | $ | 11,074 | ​ | $ | 10,259
Solutions | ​ |  | 5,100 | ​ |  | 4,614 | ​ |  | 2,619 | ​ |  | 2,227
​ | ​ |  | 28,901 | ​ |  | 24,466 | ​ |  | 13,693 | ​ |  | 12,486
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 9,976 | ​ | $ | 7,251 | ​ | $ | 5,010 | ​ | $ | 3,587
Solutions | ​ |  | 2,618 | ​ |  | 2,148 | ​ |  | 1,317 | ​ |  | 1,010
​ | ​ |  | 12,594 | ​ |  | 9,399 | ​ |  | 6,327 | ​ |  | 4,597
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 13,825 | ​ | $ | 12,601 | ​ | $ | 6,064 | ​ | $ | 6,672
Solutions | ​ |  | 2,482 | ​ |  | 2,466 | ​ |  | 1,302 | ​ |  | 1,217
Segment Income Before Taxes | ​ |  | 16,307 | ​ |  | 15,067 | ​ |  | 7,366 | ​ |  | 7,889
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 9,243 | ​ | $ | 6,784 | ​ | $ | 5,249 | ​ | $ | 3,337
Amortization and depreciation expense | ​ | ​ | 1,317 | ​ | ​ | 802 | ​ | ​ | 604 | ​ | ​ | 445
Interest, net | ​ |  | 441 | ​ |  | (17) | ​ | ​ | 330 | ​ | ​ | (7)
Foreign currency transaction gain (loss) | ​ | ​ | 40 | ​ | ​ | (298) | ​ |  | (4) | ​ |  | (442)
Income before taxes | ​ | $ | 6,228 | ​ | $ | 7,166 | ​ | $ | 1,839 | ​ | $ | 3,658
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction gain (loss)
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | June 30, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2023 | ​ | 2022 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 152,199 | ​ | $ | 180,602 | ​
Solutions | ​ |  | 21,374 | ​ |  | 21,420 | ​
Segment Select Assets | ​ |  | 173,573 | ​ |  | 202,022 | ​
Corporate Assets | ​ |  | 60,125 | ​ |  | 29,834 | ​
Total Assets | ​ | $ | 233,698 | ​ | $ | 231,856 | ​
​
Summary of disaggregation of revenue according to revenue type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Six months ended |  | Three months ended
​ | ​ | June 30, 2023 | ​ | June 30, 2023
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 119,387 | ​ | $ | 6,303 | ​ | $ | 125,690 | ​ | $ | 62,644 | ​ | $ | 2,637 | ​ | $ | 65,281
Europe and United Kingdom | ​ |  | 22,550 | ​ |  | 5,089 | ​ |  | 27,639 | ​ |  | 7,134 | ​ |  | 2,589 | ​ |  | 9,723
Canada | ​ |  | 12,741 | ​ |  | 701 | ​ |  | 13,442 | ​ |  | 6,350 | ​ |  | 378 | ​ |  | 6,728
Total net sales | ​ | $ | 154,678 | ​ | $ | 12,093 | ​ | $ | 166,771 | ​ | $ | 76,128 | ​ | $ | 5,604 | ​ | $ | 81,732
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 136,439 | ​ | $ | 8,869 | ​ | $ | 145,308 | ​ | $ | 67,872 | ​ | $ | 4,036 | ​ | $ | 71,908
Transferred at a point in time where the Company is agent (2) | ​ |  | 18,239 | ​ |  | 3,224 | ​ |  | 21,463 | ​ |  | 8,256 | ​ |  | 1,568 | ​ |  | 9,824
Total net sales | ​ | $ | 154,678 | ​ | $ | 12,093 | ​ | $ | 166,771 | ​ | $ | 76,128 | ​ | $ | 5,604 | ​ | $ | 81,732
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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
​
(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 | ​ | 2023 |  | 2022 | ​
USA | ​ | $ | 137,315 | ​ | $ | 137,877 | ​
Canada | ​ | ​ | 25,789 | ​ | ​ | 27,597 | ​
Europe and United Kingdom | ​ | ​ | 70,594 | ​ | ​ | 66,382 | ​
Total | ​ | $ | 233,698 | ​ | $ | 231,856 | ​

X
- Definition Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 606 -SubTopic 10 -Section 50 -Paragraph 5 -URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130545-203045 + Details
Name: | us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.1) -URI https://asc.fasb.org/extlink&oid=126953954&loc=SL114868664-224227 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration