Quarterly report [Sections 13 or 15(d)]

Note 17 - Segment Information (Tables)

v3.26.3
Note 17 - Segment Information (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Segment Reporting [Table Text Block]
   

Nine months ended

   

Three months ended

 
   

September 30,

   

September 30,

 
   

2026

   

2025

   

2026

   

2025

 

Net Sales:

                       

Distribution

  $ 556,531     $ 439,584     $ 211,652     $ 154,413  

Solutions

    20,359       19,087       8,654       6,930  
      576,890       458,671       220,306       161,343  

Cost of Sales:

                       

Distribution

  $ 477,694     $ 373,737     $ 182,175     $ 132,013  

Solutions

    9,530       9,497       5,121       3,597  
      487,224       383,234       187,296       135,610  

Direct Costs:

                       

Distribution

  $ 39,053     $ 29,944     $ 13,171     $ 9,826  

Solutions

    4,893       4,708       1,538       1,605  
      43,946       34,652       14,709       11,431  

Segment Income: (1)

                       

Distribution

  $ 39,784     $ 35,903     $ 16,306     $ 12,574  

Solutions

    5,936       4,882       1,995       1,728  

Segment Income

    45,720       40,785       18,301       14,302  
                                 

General and administrative

  $ 17,928     $ 14,687     $ 6,163     $ 4,795  

Acquisition related costs

    437       733       118       594  

Depreciation and amortization expense

    6,131       5,696       2,068       1,976  

Interest, net

    834       562       416       224  

Foreign currency transaction gain (loss)

    522       (566 )     498       2  

Change in fair value of acquisition contingent consideration

    —       (1,374 )     —       (860 )

Income before taxes

  $ 22,580     $ 18,291     $ 10,866     $ 6,303  
   

As of

   

As of

 
   

September 30,

   

December 31,

 

Selected Assets by Segment:

 

2026

   

2025

 
             

Distribution

  $ 396,606     $ 375,024  

Solutions

    24,744       22,124  

Segment Select Assets

    421,350       397,148  

Corporate Assets

    97,059       63,085  

Total Assets

  $ 518,409     $ 460,233  
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Revenue and Long-Lived Asset [Table Text Block]
   

Nine months ended

   

Three months ended

 
   

September 30, 2026

   

September 30, 2026

 
   

Distribution

   

Solutions

   

Total

   

Distribution

   

Solutions

   

Total

 

Geography

                                           

USA

  $ 445,084     $ 7,634     $ 452,718     $ 164,379     $ 3,803     $ 168,182  

United Kingdom

    59,194       11,455       70,649       30,197       4,246       34,443  

Europe

    22,337       792       23,129       8,697       471       9,168  

Canada

    29,916       478       30,394       8,379       134       8,513  

Total net sales

  $ 556,531     $ 20,359     $ 576,890     $ 211,652     $ 8,654     $ 220,306  
                                     

Timing of Revenue Recognition

                                           

Transferred at a point in time where the Company is principal (1)

  $ 517,944     $ 15,008     $ 532,952     $ 197,096     $ 6,852     $ 203,948  

Transferred at a point in time where the Company is agent (2)

    38,587       5,351       43,938       14,556       1,802       16,358  

Total net sales

  $ 556,531     $ 20,359     $ 576,890     $ 211,652     $ 8,654     $ 220,306  
   

Nine months ended

   

Three months ended

 
   

September 30, 2025

   

September 30, 2025

 
   

Distribution

   

Solutions

   

Total

   

Distribution

   

Solutions

   

Total

 

Geography

                                           

USA

  $ 345,023     $ 6,622     $ 351,645     $ 125,573     $ 2,442     $ 128,015  

United Kingdom

    49,746       11,282       61,028       11,206       3,900       15,106  

Europe

    20,476       682       21,158       8,610       468       9,078  

Canada

    24,339       501       24,840       9,024       120       9,144  

Total net sales

  $ 439,584     $ 19,087     $ 458,671     $ 154,413     $ 6,930     $ 161,343  
                                     

Timing of Revenue Recognition

                                           

Transferred at a point in time where the Company is principal (1)

  $ 402,385     $ 13,942     $ 416,327     $ 143,222     $ 5,177     $ 148,399  

Transferred at a point in time where the Company is agent (2)

    37,199       5,145       42,344       11,191       1,753       12,944  

Total net sales

  $ 439,584     $ 19,087     $ 458,671     $ 154,413     $ 6,930     $ 161,343  
Segment Reporting, Entity-Wide Information Not Provided as Part of Reportable Segment, Geographical Area, Long-Lived Asset [Table Text Block]
   

September 30,

   

December 31,

 

Identifiable Assets by Geographic Areas

 

2026

   

2025

 

USA

  $ 334,169     $ 266,238  

United Kingdom

  $ 99,996     $ 125,191  

Europe

    49,105       37,031  

Canada

    35,139       31,773  

Total

  $ 518,409     $ 460,233