Annual report pursuant to Section 13 and 15(d)

Industry, Segment and Geographic Financial Information (Tables)

v3.22.4
Industry, Segment and Geographic Financial Information (Tables)
12 Months Ended
Dec. 31, 2022
Industry, Segment and Geographic Financial Information  
Schedule of segment reporting information

Year ended

December 31,

  

2022

  

2021

Net Sales:

Distribution

$

282,509

$

259,360

Solutions

 

21,839

 

23,222

 

304,348

 

282,582

Gross Profit:

Distribution

$

44,970

$

36,526

Solutions

 

9,124

 

9,190

 

54,094

 

45,716

Direct Costs:

Distribution

$

15,804

$

14,610

Solutions

 

4,296

 

4,741

 

20,100

 

19,351

Segment Income Before Taxes: (1)

Distribution

$

29,166

$

21,916

Solutions

 

4,828

 

4,449

Segment Income Before Taxes

 

33,994

 

26,365

General and administrative

$

14,044

$

12,785

Amortization and depreciation expense

2,054

1,529

Acquisition related costs

582

Interest, net

159

359

Foreign currency transaction loss

 

(941)

 

(46)

Income before taxes

$

16,532

$

12,364

(1) Excludes general corporate expenses including acquisition related costs, amortization and depreciation expense, interest, and foreign currency transaction (loss) gain.

    

    

    

As of

As of 

December 31,

December 31,

Selected Assets by Segment:

2022

2021

Distribution

$

180,602

$

133,506

Solutions

 

21,420

 

18,895

Segment Select Assets

 

202,022

 

152,401

Corporate Assets

 

29,834

 

38,351

Total Assets

$

231,856

$

190,752

Schedule of net sales to identifiable assets by geographic areas

    

Year ended

    

December 31, 2022

Distribution

  

Solutions

Total

Geography

              

              

USA

$

225,380

$

11,137

$

236,517

Europe and United Kingdom

 

34,423

 

9,171

 

43,594

Canada

 

22,706

 

1,531

 

24,237

Total net sales

$

282,509

$

21,839

$

304,348

Timing of Revenue Recognition

              

              

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

$

251,334

$

15,044

$

266,378

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

 

31,175

 

6,795

 

37,970

Total net sales

$

282,509

$

21,839

$

304,348

    

Year ended

    

December 31, 2021

Distribution

  

Solutions

Total

Geography

              

              

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

              

              

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

(1) Includes net sales from third-party hardware and software products.

(2) Includes net sales from third-party maintenance, software support and services.

Summary of identifiable assets by geographic area

    

December 31,

December 31,

 

Identifiable Assets by Geographic Areas

2022

    

2021

USA

$

137,877

$

122,445

Canada

27,597

24,923

Europe and United Kingdom

66,382

43,384

Total

$

231,856

$

190,752