XML 45 R33.htm IDEA: XBRL DOCUMENT
v3.23.3

Segment Information (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2023
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Nine months ended | ​ | Three months ended
​ | ​ | September 30, | ​ | September 30,
​ | ​ | 2023 |  | 2022 |  | 2023 |  | 2022
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 226,905 | ​ | $ | 195,304 | ​ | $ | 72,227 | ​ | $ | 66,529
Solutions | ​ |  | 18,324 | ​ |  | 20,139 | ​ |  | 6,230 | ​ |  | 9,732
​ | ​ |  | 245,229 | ​ |  | 215,443 | ​ |  | 78,457 | ​ |  | 76,261
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 35,472 | ​ | $ | 30,953 | ​ | $ | 11,671 | ​ | $ | 11,101
Solutions | ​ |  | 7,704 | ​ |  | 7,031 | ​ |  | 2,603 | ​ |  | 2,416
​ | ​ |  | 43,176 | ​ |  | 37,984 | ​ |  | 14,274 | ​ |  | 13,517
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 15,225 | ​ | $ | 11,374 | ​ | $ | 5,249 | ​ | $ | 4,123
Solutions | ​ |  | 3,844 | ​ |  | 3,262 | ​ |  | 1,226 | ​ |  | 1,113
​ | ​ |  | 19,069 | ​ |  | 14,636 | ​ |  | 6,475 | ​ |  | 5,236
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 20,247 | ​ | $ | 19,579 | ​ | $ | 6,422 | ​ | $ | 6,978
Solutions | ​ |  | 3,860 | ​ |  | 3,769 | ​ |  | 1,377 | ​ |  | 1,303
Segment Income Before Taxes | ​ |  | 24,107 | ​ |  | 23,348 | ​ |  | 7,799 | ​ |  | 8,281
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 12,861 | ​ | $ | 10,390 | ​ | $ | 3,647 | ​ | $ | 3,686
Acquisition related costs | ​ | ​ | 277 | ​ | ​ | 445 | ​ | ​ | 246 | ​ | ​ | 365
Depreciation and amortization expense | ​ | ​ | 1,934 | ​ | ​ | 1,357 | ​ | ​ | 617 | ​ | ​ | 555
Interest, net | ​ |  | 760 | ​ |  | 40 | ​ | ​ | 318 | ​ | ​ | 58
Foreign currency transaction loss | ​ | ​ | (100) | ​ | ​ | (799) | ​ |  | (140) | ​ |  | (500)
Income before taxes | ​ | $ | 9,695 | ​ | $ | 10,397 | ​ | $ | 3,467 | ​ | $ | 3,233
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction loss
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | September 30, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2023 | ​ | 2022 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 141,224 | ​ | $ | 180,602 | ​
Solutions | ​ |  | 26,116 | ​ |  | 21,420 | ​
Segment Select Assets | ​ |  | 167,340 | ​ |  | 202,022 | ​
Corporate Assets | ​ |  | 65,025 | ​ |  | 29,834 | ​
Total Assets | ​ | $ | 232,365 | ​ | $ | 231,856 | ​
​
Summary of disaggregation of revenue according to revenue type | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended |  | Three months ended
​ | ​ | September 30, 2023 | ​ | September 30, 2023
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 180,278 | ​ | $ | 9,908 | ​ | $ | 190,186 | ​ | $ | 60,891 | ​ | $ | 3,605 | ​ | $ | 64,496
Europe and United Kingdom | ​ |  | 28,903 | ​ |  | 7,508 | ​ |  | 36,411 | ​ |  | 6,353 | ​ |  | 2,418 | ​ |  | 8,771
Canada | ​ |  | 17,724 | ​ |  | 908 | ​ |  | 18,632 | ​ |  | 4,983 | ​ |  | 207 | ​ |  | 5,190
Total net sales | ​ | $ | 226,905 | ​ | $ | 18,324 | ​ | $ | 245,229 | ​ | $ | 72,227 | ​ | $ | 6,230 | ​ | $ | 78,457
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 200,027 | ​ | $ | 13,290 | ​ | $ | 213,317 | ​ | $ | 63,587 | ​ | $ | 4,422 | ​ | $ | 68,009
Transferred at a point in time where the Company is agent (2) | ​ |  | 26,878 | ​ |  | 5,034 | ​ |  | 31,912 | ​ |  | 8,640 | ​ |  | 1,808 | ​ |  | 10,448
Total net sales | ​ | $ | 226,905 | ​ | $ | 18,324 | ​ | $ | 245,229 | ​ | $ | 72,227 | ​ | $ | 6,230 | ​ | $ | 78,457
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Nine months ended |  | Three months ended
​ | ​ | September 30, 2022 | ​ | September 30, 2022
​ | ​ | Distribution |  | Solutions | ​ | Total | ​ | Distribution |  | Solutions | ​ | Total
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
USA | ​ | $ | 159,335 | ​ | $ | 12,027 | ​ | $ | 171,362 | ​ | $ | 54,812 | ​ | $ | 7,224 | ​ | $ | 62,036
Europe and United Kingdom | ​ |  | 19,252 | ​ |  | 6,816 | ​ |  | 26,068 | ​ |  | 5,933 | ​ |  | 2,077 | ​ |  | 8,010
Canada | ​ |  | 16,717 | ​ |  | 1,296 | ​ |  | 18,013 | ​ |  | 5,784 | ​ |  | 431 | ​ |  | 6,215
Total net sales | ​ | $ | 195,304 | ​ | $ | 20,139 | ​ | $ | 215,443 | ​ | $ | 66,529 | ​ | $ | 9,732 | ​ | $ | 76,261
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 173,606 | ​ | $ | 15,076 | ​ | $ | 188,682 | ​ | $ | 58,669 | ​ | $ | 7,982 | ​ | $ | 66,651
Transferred at a point in time where the Company is agent (2) | ​ |  | 21,698 | ​ |  | 5,063 | ​ |  | 26,761 | ​ |  | 7,860 | ​ |  | 1,750 | ​ |  | 9,610
Total net sales | ​ | $ | 195,304 | ​ | $ | 20,139 | ​ | $ | 215,443 | ​ | $ | 66,529 | ​ | $ | 9,732 | ​ | $ | 76,261
​
(1) | Includes net sales from third-party hardware and software products.
​
(2) | Includes net sales from third-party maintenance, software support and services.
Summary of identifiable assets by geographic area | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | September 30, | ​ | December 31, |
Identifiable Assets by Geographic Areas | ​ | 2023 |  | 2022 | ​
USA | ​ | $ | 147,805 | ​ | $ | 137,877 | ​
Canada | ​ | ​ | 24,169 | ​ | ​ | 27,597 | ​
Europe and United Kingdom | ​ | ​ | 60,391 | ​ | ​ | 66,382 | ​
Total | ​ | $ | 232,365 | ​ | $ | 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 -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-5 + 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 long-lived assets, excluding financial instruments, long-term customer relationships of a financial institution, mortgage rights, deferred policy acquisition costs, and deferred tax assets, by geographic areas located in the entity's country of domicile and foreign countries in which the entity holds assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Subparagraph b -SubTopic 10 -Topic 280 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_LongLivedAssetsByGeographicAreasTableTextBlock
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 -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482573/350-20-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-25 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-30 + 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