Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Tables)

v3.21.1
Segment Information (Tables)
3 Months Ended
Mar. 31, 2021
Segment Information  
Schedule of segment reporting information

Three months ended

March 31,

  

2021

  

2020

Revenue:

Distribution

$

54,820

$

57,264

Solutions

 

7,993

 

5,354

 

62,813

 

62,618

Gross Profit:

Distribution

$

7,874

$

7,162

Solutions

 

2,969

 

1,002

 

10,843

 

8,164

Direct Costs:

Distribution

$

3,913

$

2,637

Solutions

 

1,408

 

462

 

5,321

 

3,099

Segment Income Before Taxes: (1)

Distribution

$

3,961

$

4,525

Solutions

 

1,561

 

540

Segment Income Before Taxes

 

5,522

 

5,065

General and administrative

$

3,091

$

2,305

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

1,323

Acquisition related costs

403

Amortization and depreciation expense

399

96

Interest, net

10

62

Foreign currency transaction (loss) gain

 

(91)

 

115

Income before taxes

$

1,951

$

1,115

(1) Excludes general corporate expenses including interest and foreign currency transaction (loss) gain.

    

    

    

As of

As of 

March 31,

December 31,

Selected Assets by Segment:

2021

2020

Distribution

$

109,402

$

100,841

Solutions

 

5,697

 

7,304

Segment Select Assets

 

115,099

 

108,145

Goodwill and Intangible Assets

20,379

19,592

Corporate Assets

 

42,232

 

37,796

Total Assets

$

177,710

$

165,533

Summary of disaggregation of revenue according to revenue type

    

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

    

Three months ended

March 31, 2020

Distribution

  

Solutions

Total

Geography

              

              

USA

$

53,104

$

4,797

$

57,901

Europe and United Kingdom

 

1,776

 

 

1,776

Canada

 

2,384

 

557

 

2,941

Total net sales

$

57,264

$

5,354

$

62,618

Timing of Revenue Recognition

              

              

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

$

52,493

$

5,089

$

57,582

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

 

4,771

 

265

 

5,036

Total net sales

$

57,264

$

5,354

$

62,618

(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

2021

    

2020

USA

$

108,954

$

114,126

Canada

24,691

18,514

Europe and United Kingdom

23,686

13,301

Unallocated

 

20,379

 

19,592

Total

$

177,710

$

165,533