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Segment Information (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Segment Information |
Schedule of segment reporting information | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Three months ended | ​
​ | ​ | March 31, | ​
​ | ​ | 2024 |  | 2023 |
Net Sales: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 86,822 | ​ | $ | 78,550 | ​
Solutions | ​ |  | 5,600 | ​ |  | 6,490 | ​
​ | ​ |  | 92,422 | ​ |  | 85,040 | ​
Gross Profit: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 14,215 | ​ | $ | 12,728 | ​
Solutions | ​ |  | 2,805 | ​ |  | 2,481 | ​
​ | ​ |  | 17,020 | ​ |  | 15,209 | ​
Direct Costs: | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 7,376 | ​ | $ | 4,777 | ​
Solutions | ​ |  | 1,381 | ​ |  | 1,301 | ​
​ | ​ |  | 8,757 | ​ |  | 6,078 | ​
Segment Income Before Taxes: (1) | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 6,839 | ​ | $ | 7,951 | ​
Solutions | ​ |  | 1,424 | ​ |  | 1,180 | ​
Segment Income Before Taxes | ​ |  | 8,263 | ​ |  | 9,131 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
General and administrative | ​ | $ | 3,766 | ​ | $ | 4,163 | ​
Acquisition related costs | ​ | ​ | 123 | ​ | ​ | 22 | ​
Depreciation and amortization expense | ​ | ​ | 871 | ​ | ​ | 713 | ​
Interest, net | ​ |  | 203 | ​ |  | 112 | ​
Foreign currency transaction loss | ​ | ​ | (85) | ​ | ​ | 44 | ​
Income before taxes | ​ | $ | 3,621 | ​ | $ | 4,389 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​
(1) | Excludes general corporate expenses including interest and foreign currency transaction loss
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |
​ | ​ | As of | ​ | As of | ​
​ | ​ | March 31, | ​ | December 31, | ​
Selected Assets by Segment: | ​ | 2024 | ​ | 2023 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Distribution | ​ | $ | 196,893 | ​ | $ | 242,927 | ​
Solutions | ​ |  | 39,137 | ​ |  | 37,992 | ​
Segment Select Assets | ​ |  | 236,030 | ​ |  | 280,919 | ​
Corporate Assets | ​ |  | 62,292 | ​ |  | 54,179 | ​
Total Assets | ​ | $ | 298,322 | ​ | $ | 335,098 | ​
Schedule of disaggregation of revenue by geographic location and timing of recognition | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Three months ended |
​ | ​ | March 31, 2024 | ​
​ | ​ | Distribution |  | Solutions | ​ | Total | ​
Geography | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
USA | ​ | $ | 62,364 | ​ | $ | 1,908 | ​ | $ | 64,272 | ​
Europe and United Kingdom | ​ |  | 18,285 | ​ |  | 3,406 | ​ |  | 21,691 | ​
Canada | ​ |  | 6,173 | ​ |  | 286 | ​ |  | 6,459 | ​
Total net sales | ​ | $ | 86,822 | ​ | $ | 5,600 | ​ | $ | 92,422 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Timing of Revenue Recognition | ​ | ​ |  | ​ | ​ |  | ​ | ​ | ​ | ​
Transferred at a point in time where the Company is principal (1) | ​ | $ | 75,733 | ​ | $ | 3,558 | ​ | $ | 79,291 | ​
Transferred at a point in time where the Company is agent (2) | ​ |  | 11,089 | ​ |  | 2,042 | ​ |  | 13,131 | ​
Total net sales | ​ | $ | 86,822 | ​ | $ | 5,600 | ​ | $ | 92,422 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 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 | ​
​
(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 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | March 31, | ​ | December 31, |
Identifiable Assets by Geographic Areas | ​ | 2024 |  | 2023 | ​
USA | ​ | $ | 143,693 | ​ | $ | 171,080 | ​
Canada | ​ | ​ | 30,151 | ​ | ​ | 23,994 | ​
Europe and United Kingdom | ​ | ​ | 124,478 | ​ | ​ | 140,024 | ​
Total | ​ | $ | 298,322 | ​ | $ | 335,098 | ​
​

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