Industry, Segment and Geographic Financial Information (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Industry, Segment and Geographic Financial Information |
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| Schedule of segment reporting information |
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Year ended |
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|
December 31, |
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2021 |
|
2020 |
Net Sales: |
|
|
|
|
|
|
Distribution |
|
$ |
259,360 |
|
$ |
233,740 |
Solutions |
|
|
23,222 |
|
|
17,828 |
|
|
|
282,582 |
|
|
251,568 |
Gross Profit: |
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|
|
|
|
|
Distribution |
|
$ |
36,526 |
|
$ |
29,136 |
Solutions |
|
|
9,190 |
|
|
3,904 |
|
|
|
45,716 |
|
|
33,040 |
Direct Costs: |
|
|
|
|
|
|
Distribution |
|
$ |
14,610 |
|
$ |
12,453 |
Solutions |
|
|
4,741 |
|
|
1,767 |
|
|
|
19,351 |
|
|
14,220 |
Segment Income Before Taxes: (1) |
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|
|
|
|
|
Distribution |
|
$ |
21,916 |
|
$ |
16,683 |
Solutions |
|
|
4,449 |
|
|
2,137 |
Segment Income Before Taxes |
|
|
26,365 |
|
|
18,820 |
|
|
|
|
|
|
|
General and administrative |
|
$ |
12,785 |
|
$ |
9,709 |
Legal and financial advisory expenses, net - unsolicited bid and related matters |
|
|
— |
|
|
1,586 |
Acquisition related costs |
|
|
— |
|
|
1,518 |
Amortization and depreciation expense |
|
|
1,529 |
|
|
704 |
Interest, net |
|
|
359 |
|
|
121 |
Foreign currency transaction (loss) gain |
|
|
(46) |
|
|
796 |
Income before taxes |
|
$ |
12,364 |
|
$ |
6,220 |
(1) Excludes general corporate expenses including legal and financial advisory expenses, net – unsolicited bid and related matters, acquisition related costs, amortization and depreciation expense, interest, and foreign currency transaction (loss) gain.
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As of |
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As of |
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December 31, |
|
December 31, |
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Selected Assets by Segment: |
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2021 |
|
2020 |
|
|
|
|
|
|
|
|
|
Distribution |
|
$ |
133,506 |
|
$ |
106,930 |
|
Solutions |
|
|
18,895 |
|
|
20,807 |
|
Segment Select Assets |
|
|
152,401 |
|
|
127,737 |
|
Corporate Assets |
|
|
38,351 |
|
|
37,796 |
|
Total Assets |
|
$ |
190,752 |
|
$ |
165,533 |
|
|
| Schedule of net sales to identifiable assets by geographic areas |
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Year ended |
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December 31, 2021 |
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|
Distribution |
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Solutions |
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Total |
|
Geography |
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|
|
|
|
|
|
|
|
|
USA |
|
$ |
210,247 |
|
$ |
11,057 |
|
$ |
221,304 |
|
Europe and United Kingdom |
|
|
26,055 |
|
|
10,652 |
|
|
36,707 |
|
Canada |
|
|
23,058 |
|
|
1,513 |
|
|
24,571 |
|
Total net sales |
|
$ |
259,360 |
|
$ |
23,222 |
|
$ |
282,582 |
|
|
|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition |
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|
|
|
|
|
|
|
|
|
Transferred at a point in time where the Company is principal (1) |
|
$ |
234,322 |
|
$ |
16,360 |
|
$ |
250,682 |
|
Transferred at a point in time where the Company is agent (2) |
|
|
25,038 |
|
|
6,862 |
|
|
31,900 |
|
Total net sales |
|
$ |
259,360 |
|
$ |
23,222 |
|
$ |
282,582 |
|
|
|
|
|
|
|
|
|
|
|
|
|
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Year ended |
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|
|
December 31, 2020 |
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Distribution |
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Solutions |
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Total |
|
Geography |
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|
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|
|
|
|
|
|
USA |
|
$ |
207,362 |
|
$ |
13,991 |
|
$ |
221,353 |
|
Europe and United Kingdom |
|
|
14,787 |
|
|
2,060 |
|
|
16,847 |
|
Canada |
|
|
11,591 |
|
|
1,777 |
|
|
13,368 |
|
Total net sales |
|
$ |
233,740 |
|
$ |
17,828 |
|
$ |
251,568 |
|
|
|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition |
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|
|
|
|
|
|
|
|
|
Transferred at a point in time where the Company is principal (1) |
|
$ |
214,403 |
|
$ |
16,059 |
|
$ |
230,462 |
|
Transferred at a point in time where the Company is agent (2) |
|
|
19,337 |
|
|
1,769 |
|
|
21,106 |
|
Total net sales |
|
$ |
233,740 |
|
$ |
17,828 |
|
$ |
251,568 |
|
| (1) |
Includes net sales from third-party hardware and software products. |
| (2) |
Includes net sales from third-party maintenance, software support and services. |
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| Summary of identifiable assets by geographic area |
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December 31, |
|
December 31, |
|
Identifiable Assets by Geographic Areas |
|
2021 |
|
2020 |
|
USA |
|
$ |
122,445 |
|
$ |
114,126 |
|
Canada |
|
|
24,923 |
|
|
18,514 |
|
Europe and United Kingdom |
|
|
43,384 |
|
|
32,893 |
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Total |
|
$ |
190,752 |
|
$ |
165,533 |
|
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