Segment Information (Tables)

6 Months Ended

Jun. 30, 2026

Segment Information

Segment information applicable to reportable operating segments

Segment information applicable to the Company’s operating segments and the related reconciliations to consolidated amounts for the three and six months ended June 30, 2026 and 2025 are shown below (in thousands):


		Three Months Ended June 30, 2026
		Enterprise Solutions			Business Solutions			Public Sector Solutions			Total
Net sales		$	369,620		$	343,870		$	140,506		$	853,996
Cost of sales			314,475			264,789			117,260
Personnel costs			18,026			17,900			9,209
Marketing			1,591			4,540			1,246
Allocated corporate overhead			18,955			22,796			11,398
Depreciation and amortization			149			104			9
Other segment expenses¹			1,359			2,010			1,468
Operating income (loss)		$	15,065		$	31,731		$	(84)		$	46,712
Unallocated Headquarters/Other expenses												(3,700)
Interest income, net												2,525
Income before taxes											$	45,537


		Three Months Ended June 30, 2025
		Enterprise Solutions			Business Solutions			Public Sector Solutions			Total
Net sales		$	326,011		$	293,168		$	140,514		$	759,693
Cost of sales			278,389			224,319			119,219
Personnel costs			16,995			17,662			9,273
Marketing			787			2,564			575
Allocated corporate overhead			18,069			21,521			10,761
Depreciation and amortization			195			155			22
Other segment expenses¹			1,230			1,383			2,796
Operating income (loss)		$	10,346		$	25,564		$	(2,132)		$	33,778
Unallocated Headquarters/Other expenses												(2,881)
Interest income, net												3,216
Income before taxes											$	34,113

1)

Other segment expenses for each of the reportable segments include service contracts/subscriptions, professional fees, facilities operations, credit card fees, and other miscellaneous expenses.


		Six Months Ended June 30, 2026
		Enterprise Solutions			Business Solutions			Public Sector Solutions			Total
Net sales		$	716,091		$	619,432		$	240,339		$	1,575,862
Cost of sales			610,721			472,848			202,083
Personnel costs			35,939			35,853			17,011
Marketing			3,346			7,774			1,984
Allocated corporate overhead			37,718			45,370			22,683
Depreciation and amortization			346			258			25
Other segment expenses¹			2,255			3,713			2,691
Operating income (loss)		$	25,766		$	53,616		$	(6,138)		$	73,244
Unallocated Headquarters/Other expenses												(10,007)
Interest income, net												5,888
Income before taxes											$	69,125

Segment assets		$	797,889		$	693,380		$	102,459		$	1,593,728
Headquarters/Other assets												(166,094)
Consolidated assets											$	1,427,634


		Six Months Ended June 30, 2025
		Enterprise Solutions			Business Solutions			Public Sector Solutions			Total
Net sales		$	624,014		$	551,553		$	285,172		$	1,460,739
Cost of sales			534,094			417,297			244,271
Personnel costs			33,165			35,437			18,859
Marketing			2,884			7,403			1,659
Allocated corporate overhead			36,359			42,997			21,499
Depreciation and amortization			387			310			45
Other segment expenses¹			2,277			4,128			4,313
Operating income (loss)		$	14,848		$	43,981		$	(5,474)		$	53,355
Unallocated Headquarters/Other expenses												(7,936)
Interest income, net												7,116
Other income												76
Income before taxes											$	52,611

Segment assets		$	753,931		$	591,894		$	88,650		$	1,434,475
Headquarters/Other assets												(165,198)
Consolidated assets											$	1,269,277

1)

Other segment expenses for each of the reportable segments include service contracts/subscriptions, professional fees, facilities operations, credit card fees, and other miscellaneous expenses.