Annual report pursuant to Section 13 and 15(d)

Industry, Segment and Geographic Financial Information (Tables)

v3.20.4
Industry, Segment and Geographic Financial Information (Tables)
12 Months Ended
Dec. 31, 2020
Industry, Segment and Geographic Financial Information  
Schedule of net sales to unaffiliated customers and identifiable assets by geographic areas

 

 

 

 

 

 

 

 

 

 

    

2020

    

2019

 

Net sales to Unaffiliated Customers:

 

 

              

 

 

              

 

USA

 

$

221,354

 

$

186,488

 

Canada

 

 

16,846

 

 

11,751

 

Europe and United Kingdom

 

 

13,368

 

 

10,520

 

Total

 

$

251,568

 

$

208,759

 

 

 

 

 

 

 

 

 

 

 

    

December 31,

 

December 31,

 

Identifiable Assets by Geographic Areas at December 31,

 

2020

    

2019

 

USA

 

$

114,126

 

$

113,257

 

Canada

 

 

18,514

 

 

8,368

 

Europe and United Kingdom

 

 

13,301

 

 

4,656

 

Unallocated

 

 

19,592

 

 

 —

 

Total

 

$

165,533

 

$

126,281

 

 

Schedule of segment reporting information

 

 

 

 

 

 

 

 

 

Year ended

 

 

December 31,

 

  

2020

  

2019

Revenue:

 

 

 

 

 

 

Distribution

 

$

233,740

 

$

193,558

Solutions

 

 

17,828

 

 

15,201

 

 

 

251,568

 

 

208,759

Gross Profit:

 

 

 

 

 

 

Distribution

 

$

29,136

 

$

26,773

Solutions

 

 

3,904

 

 

3,194

 

 

 

33,040

 

 

29,967

Direct Costs:

 

 

 

 

 

 

Distribution

 

$

12,453

 

$

10,104

Solutions

 

 

1,767

 

 

1,526

 

 

 

14,220

 

 

11,630

Segment Income Before Taxes: (1)

 

 

 

 

 

 

Distribution

 

$

16,683

 

$

16,669

Solutions

 

 

2,137

 

 

1,668

Segment Income Before Taxes

 

 

18,820

 

 

18,337

 

 

 

 

 

 

 

General and administrative

 

$

9,709

 

$

9,264

Legal and financial advisory expenses, net - unsolicited bid and related matters

 

 

1,586

 

 

120

Acquisition related costs

 

 

1,518

 

 

 —

Amortization and depreciation expense

 

 

704

 

 

487

Interest, net

 

 

121

 

 

500

Foreign currency transaction gain

 

 

796

 

 

82

Income before taxes

 

$

6,220

 

$

9,048

 

(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 gains.

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

 

 

As of

 

As of 

 

 

 

December 31,

 

December 31,

 

Selected Assets by Segment:

 

2020

 

2019

 

 

 

 

 

 

 

 

 

Distribution

 

$

100,841

 

$

99,602

 

Solutions

 

 

7,304

 

 

5,603

 

Segment Select Assets

 

 

108,145

 

 

105,205

 

Goodwill and Intangible Assets

 

 

19,592

 

 

 —

 

Corporate Assets

 

 

37,796

 

 

21,076

 

Total Assets

 

$

165,533

 

$

126,281

 

 

Summary of disaggregation of segment revenue

 

 

 

 

 

 

 

 

 

 

Year ended

 

 

 

 

 

Disaggregation of Revenue:

 

December 31,

 

December 31,

 

 

 

2020

 

2019

 

Distribution

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hardware, software and other products

 

$

214,403

 

$

175,771

 

Software - security & highly interdependent with support

 

 

8,122

 

 

6,898

 

Maintenance, support & other services

 

 

11,215

 

 

10,889

 

Net Sales

 

$

233,740

 

$

193,558

 

 

 

 

 

 

 

 

 

Solutions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hardware, software and other products

 

$

16,059

 

$

13,564

 

Software - security & highly interdependent with support

 

 

145

 

 

288

 

Maintenance, support & other services

 

 

1,624

 

 

1,349

 

Net Sales

 

$

17,828

 

$

15,201