v3.26.3
Segment Information
 3 Months Ended
Sep. 30, 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 the Chief Operating Decision Maker ("CODM") who evaluates how the Company allocates 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 the Company's 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, the 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:

•Communications - voice, video, communication platform integration and contact center solutions;
•    Connectivity - managed connectivity and wireless enablement solutions;
•Mobility and barcode - mobile computing, barcode scanners and imagers, RFID (radio frequency identification devices), barcode printing and related services;
•Networking - switching, routing and wireless products and software;
•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; and
•POS - Point of Sale systems, integrated POS software platforms.
Intelisys & Solution Services Segment

The Intelisys & Solution Services segment operates in the United States and consists of sales and services to both channel sales partners and end users. 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. Adding MicroAge allows the Company to serve as IT solutions integrator, managed service provider and digital transformation partner for end-users. Segment technology offerings include:

•AI Solutions
•Cloud
•Connectivity & SDN (Software-Defined Networking)
•CX (Unified Communications as a Service and Contact Center as a Service)
•Data Center
•Managed services
•Security
•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 ended September 30, 2026 and 2025 are presented below:
Specialty Technology SolutionsIntelisys & Solution Services
Corporate(a)
Total
Quarter ended September 30, 2026:
Net sales$917,299 $44,995 $— $962,294 
Cost of sales830,699 14,651 — 845,350 
  Gross profit86,600 30,344 — 116,944 
Other operating expenses(b)
76,430 22,079 6,042 104,551 
  Operating income (loss)$10,170 $8,265 $(6,042)$12,393 
Other Segment Items
Depreciation and amortization(c)
$3,605 $3,129 $— $6,734 
Change in fair value of contingent consideration(d)
$473 $(620)$— $(147)
Capital expenditures$(1,731)$(111)$— $(1,842)
Quarter ended September 30, 2025:
Net sales$715,447 $24,203 $— $739,650 
Cost of sales631,544 633 — 632,177 
  Gross profit83,903 23,570 — 107,473 
Other operating expenses(b)
63,528 17,752 290 81,570 
  Operating income (loss)$20,375 $5,818 $(290)$25,903 
Other Segment Items
Depreciation and amortization(c)
$3,970 $2,230 $— $6,200 
Change in fair value of contingent consideration(d)
$145 $169 $— $314 
Capital expenditures$(2,174)$(221)$— $(2,395)
(a) For the quarter ended September 30, 2026, the amount in Other operating expenses unallocated to the segments include acquisition and restructuring costs. For the quarter ended September 30, 2025, the amount in Other operating expenses unallocated to the segments includes acquisition 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
Quarter ended
September 30,
20262025
(in thousands)
Sales by Geography Category:
United States & Canada (a)
$914,738 $683,094 
Brazil49,148 57,433 
Less intercompany sales(1,592)(877)
Net sales$962,294 $739,650 
(a) Net sales in Canada are supported by U.S. operations and represent less than 5.0% of net sales for the quarters ended September 30, 2026 and 2025.
September 30, 2026June 30, 2026
(in thousands)
Assets:
Specialty Technology Solutions$1,695,344 $1,709,222 
Intelisys & Solution Services537,970 223,207 
$2,233,075 $1,932,429 
Property and equipment, net by Geography Category:
United States$14,341 $14,398 
Brazil20,618 20,458 
$34,959 $34,856