v3.26.1
Segment Information
 9 Months Ended
Mar. 31, 2026
Segment Reporting, Measurement Disclosures [Abstract]  
Segment Information Segment Information
The Company is a leading provider of technology solutions and services to channel sales partners in specialty technology markets. The Company's Chief Executive Officer is our Chief Operating Decision Maker ("CODM") who evaluates how we allocate resources, assess performance and make strategic and operational decisions. The CODM reviews key financial measures for each reportable segment based on various financial results including net sales, gross profit and operating income. These measures are assessed in the annual budget process as well as on an actual-to-budget comparison and an actual-to-forecast comparison when making decisions about the allocation of resources to each segment. In addition to financial results such as net sales, gross profit, and operating income, the CODM also considers a range of operational and financial metrics, including EBITDA, return on invested capital, customer metrics and other strategic indicators. These tools support a comprehensive view of performance and inform strategic decisions across our reportable segments.

Corporate primarily includes corporate service costs that are not included in the CODM's assessment of the performance of each of the identified reportable segments. In connection with that assessment, our CODM may exclude matters, such as charges for impairments, significant, higher-cost restructuring programs, costs associated with separation activities, acquisition costs and other related charges, certain gains and losses from acquisitions or dispositions and certain litigation settlements. The CODM also reviews certain other measures including total assets and property and equipment by segment and geography.

Based on such evaluations, the Company has two reportable segments based on sales model.

Specialty Technology Solutions Segment

The Specialty Technology Solutions segment operates primarily in the United States and Brazil and includes specialty technology solutions distributed through a wholesale/resale sales model. This segment includes hardware, SaaS and subscription services. The specialty technology solutions include the following:

•    Mobility and barcode - mobile computing, barcode scanners and imagers, RFID (radio frequency identification devices), barcode printing and related services;
•    POS - Point of Sale systems, integrated POS software platforms;
•    Payment terminals - self-service kiosks including self-checkout, payment terminals and mobile payment devices;
•    Physical security - video surveillance and analytics, video management software and access control;
•     Networking - switching, routing and wireless products and software;
•     Communications - voice, video, communication platform integration and contact center solutions; and
•     Connectivity - managed connectivity and wireless enablement solutions.

Intelisys & Advisory Segment

The Intelisys & Advisory segment operates in the United States and consists of sales and services to both channel sales partners (Intelisys) and end users (Advisory). As a technology services distributor, or TSD, Intelisys distributes connectivity, cloud and
next-generation technologies through an agency sales model. Channel sales partners also have access to SaaS and subscription-based services through the company’s proprietary tools, platforms and flexible routes to market. In addition to traditional telecom services, key technology areas include:

•    Connectivity & SDN (Software-Defined Networking)
•    CX (Unified Communications as a Service and Contact Center as a Service)
•    Cloud/Data Center
•    Security
•    Managed AI
•    Wireless & IoT

By offering flexible routes to market and a robust solutions portfolio, this segment helps advisors service a wide range of end users including businesses of all sizes.

Selected financial information about the Company's segments for the quarters and nine months ended March 31, 2026 and 2025 are presented below:
Specialty Technology SolutionsIntelisys & Advisory
Corporate(a)
Total
Quarter ended March 31, 2026:
Net sales$740,765 $26,025 $— $766,790 
Cost of sales659,344 322 — 659,666 
  Gross profit81,421 25,703 — 107,124 
Other operating expenses(b)
66,288 17,558 158 84,004 
  Operating income (loss)$15,133 $8,145 $(158)$23,120 
Other Segment Items
Depreciation and amortization(c)
$3,470 $2,243 $— $5,713 
Change in fair value of contingent consideration(d)
$410 $30 $— $440 
Capital expenditures$(2,217)$(182)$— $(2,399)
Quarter ended March 31, 2025:
Net sales$678,433 $26,414 $— $704,847 
Cost of sales604,439 206 — 604,645 
  Gross profit73,994 26,208 — 100,202 
Other operating expenses(b)
59,700 17,888 275 77,863 
  Operating income (loss)$14,294 $8,320 $(275)$22,339 
Other Segment Items
Depreciation and amortization(c)
$5,016 $2,227 $248 $7,491 
Change in fair value of contingent consideration(d)
$94 $810 $— $904 
Capital expenditures$(1,329)$(91)$— $(1,420)
(a) For the quarters ended March 31, 2026 and 2025, the amount in Other operating expenses unallocated to the segments include acquisition costs and cyberattack restoration costs.
(b) Primarily includes payroll and other employee expenses and other selling and general administrative expenses
(c) Depreciation and amortization expense is primarily included within Other operating expenses
(d)Change in fair value of contingent consideration is included within Other operating expenses
Specialty Technology SolutionsIntelisys & Advisory
Corporate(a)
Total
Nine months ended March 31, 2026:
Net sales$2,197,752 $75,201 $— $2,272,953 
Cost of sales$1,954,200 $1,246 $— $1,955,446 
  Gross profit$243,552 $73,955 $— $317,507 
Other operating expenses(b)
$197,043 $52,478 $1,095 $250,616 
  Operating income (loss)$46,509 $21,477 $(1,095)$66,891 
Other Segment Information
Depreciation and amortization(c)
$11,142 $6,709 $— $17,851 
Change in fair value of contingent consideration(d)
$1,683 $280 $— $1,963 
Capital expenditures$(6,155)$(614)$— $(6,769)
Nine months ended March 31, 2025:
Net sales$2,154,009 $73,915 $— $2,227,924 
Cost of sales$1,923,794 $586 $— $1,924,380 
  Gross profit$230,215 $73,329 $— $303,544 
Other operating expenses(b)
$185,105 $52,156 $7,870 $245,131 
  Operating income (loss)$45,110 $21,173 $(7,870)$58,413 
Other Segment Information
Depreciation and amortization(c)
$14,759 $6,650 $1,686 $23,095 
Change in fair value of contingent consideration(d)
$567 $1,480 $— $2,047 
Capital expenditures$(5,423)$(346)$— $(5,769)
(a) For the nine months ended March 31, 2026, the amounts in Other operating expenses shown above include acquisition costs and cyberattack restoration costs. For the nine months ended March 31, 2025, the amounts in Other operating expenses above include acquisition costs, cyberattack restoration costs, restructuring costs, and a legal settlement.
(b) Primarily includes payroll and other employee expenses and other selling and general administrative expenses.
(c) Depreciation and amortization expense is primarily included within Other operating expenses.
(d) Change in fair value of contingent consideration is included within Other operating expenses.
Quarter endedNine months ended
 March 31,March 31,
 2026202520262025
 (in thousands)
Sales by Geography Category:
United States $711,067 $657,598 $2,102,963 $2,063,467 
Brazil56,509 47,883 173,089 171,830 
Less intercompany sales(786)(634)(3,099)(7,373)
Net sales (a)
$766,790 $704,847 $2,272,953 $2,227,924 
(a) Countries outside of the United States and Brazil represent less than 5.0% of net sales for the quarters and nine months ended March 31, 2026 and 2025.
March 31, 2026June 30, 2025
 (in thousands)
Assets:
Specialty Technology Solutions$1,589,649 $1,564,119 
Intelisys & Advisory216,107 221,487 
$1,805,756 $1,785,606 
Property and equipment, net by Geography Category:
United States $14,353 $15,047 
Brazil19,418 16,122 
$33,771 $31,169