Segment Information (Tables)
|
3 Months Ended |
Mar. 31, 2022 |
|---|
| Segment Information |
|
| Schedule of segment reporting information |
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
March 31, |
|
|
2022 |
|
2021 |
Net Sales: |
|
|
|
|
|
|
Distribution |
|
$ |
65,784 |
|
$ |
54,820 |
Solutions |
|
|
5,535 |
|
|
7,993 |
|
|
|
71,319 |
|
|
62,813 |
Gross Profit: |
|
|
|
|
|
|
Distribution |
|
$ |
9,593 |
|
$ |
7,874 |
Solutions |
|
|
2,388 |
|
|
2,969 |
|
|
|
11,981 |
|
|
10,843 |
Direct Costs: |
|
|
|
|
|
|
Distribution |
|
$ |
3,664 |
|
$ |
3,913 |
Solutions |
|
|
1,138 |
|
|
1,408 |
|
|
|
4,802 |
|
|
5,321 |
Segment Income Before Taxes: (1) |
|
|
|
|
|
|
Distribution |
|
$ |
5,929 |
|
$ |
3,961 |
Solutions |
|
|
1,250 |
|
|
1,561 |
Segment Income Before Taxes |
|
|
7,179 |
|
|
5,522 |
|
|
|
|
|
|
|
General and administrative |
|
$ |
3,447 |
|
$ |
3,091 |
Amortization and depreciation expense |
|
|
357 |
|
|
399 |
Interest, net |
|
|
(10) |
|
|
10 |
Foreign currency transaction gain (loss) |
|
|
143 |
|
|
(91) |
Income before taxes |
|
$ |
3,508 |
|
$ |
1,951 |
|
|
|
|
|
|
|
| (1) |
Excludes general corporate expenses including interest and foreign currency transaction gain (loss). |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of |
|
As of |
|
|
|
March 31, |
|
December 31, |
|
Selected Assets by Segment: |
|
2022 |
|
2021 |
|
|
|
|
|
|
|
|
|
Distribution |
|
$ |
123,762 |
|
$ |
133,506 |
|
Solutions |
|
|
19,586 |
|
|
18,895 |
|
Segment Select Assets |
|
|
143,348 |
|
|
152,401 |
|
Corporate Assets |
|
|
45,422 |
|
|
38,351 |
|
Total Assets |
|
$ |
188,770 |
|
$ |
190,752 |
|
|
| Summary of disaggregation of revenue according to revenue type |
|
|
|
|
|
|
|
|
|
|
|
|
|
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 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three months ended |
|
|
|
March 31, 2021 |
|
|
|
Distribution |
|
Solutions |
|
Total |
|
Geography |
|
|
|
|
|
|
|
|
|
|
USA |
|
$ |
41,084 |
|
$ |
4,979 |
|
$ |
46,063 |
|
Europe and United Kingdom |
|
|
7,246 |
|
|
2,743 |
|
|
9,989 |
|
Canada |
|
|
6,490 |
|
|
271 |
|
|
6,761 |
|
Total net sales |
|
$ |
54,820 |
|
$ |
7,993 |
|
$ |
62,813 |
|
|
|
|
|
|
|
|
|
|
|
|
Timing of Revenue Recognition |
|
|
|
|
|
|
|
|
|
|
Transferred at a point in time where the Company is principal (1) |
|
$ |
49,357 |
|
$ |
6,150 |
|
$ |
55,507 |
|
Transferred at a point in time where the Company is agent (2) |
|
|
5,463 |
|
|
1,843 |
|
|
7,306 |
|
Total net sales |
|
$ |
54,820 |
|
$ |
7,993 |
|
$ |
62,813 |
|
| (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 |
|
2022 |
|
2021 |
|
USA |
|
$ |
115,823 |
|
$ |
122,445 |
|
Canada |
|
|
25,614 |
|
|
24,923 |
|
Europe and United Kingdom |
|
|
47,333 |
|
|
43,384 |
|
Total |
|
$ |
188,770 |
|
$ |
190,752 |
|
|