SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 30, 2018

SEGMENT REPORTING [Abstract]

Segment Reporting Information, by Reportable Segment

Our reportable segment information was as follows (in thousands):

	Three Months Ended
	June 30, 2018						June 30, 2017
	Technology		Financing		Total		Technology		Financing		Total
Contracts with customers	$	341,459	$	596	$	342,055	$	359,361	$	2,815	$	362,176
Financing and other		5,405		9,072		14,477		3,538		7,642		11,180
Net sales		346,864		9,668		356,532		362,899		10,457		373,356
Cost of sales		274,081		1,748		275,829		293,266		2,497		295,763
Gross profit		72,783		7,920		80,703		69,633		7,960		77,593
Selling, general, and administrative		54,454		2,512		56,966		51,501		3,163		54,664
Depreciation and amortization		2,789		1		2,790		2,062		1		2,063
Interest and financing costs		-		476		476		-		359		359
Operating expenses		57,243		2,989		60,232		53,563		3,523		57,086
Operating income		15,540		4,931		20,471		16,070		4,437		20,507
Other income						97						271
Earnings before tax					$	20,568					$	20,778
Selected Financial Data - Statement of Cash Flow
Depreciation and amortization	$	3,015	$	1,485	$	4,500	$	2,095	$	1,130	$	3,225
Purchases of property, equipment and operating lease equipment	$	1,180	$	450	$	1,630	$	1,091	$	780	$	1,871
Selected Financial Data - Balance Sheet
Total assets	$	557,864	$	202,535	$	760,399	$	577,398	$	177,786	$	755,184

Disaggregation of Revenue

Technology Segment Disaggregation of Revenue

We analyze net sales for our technology segment by customer end market and by vendor, as opposed to discrete product and service categories, which are summarized below (in thousands):

	Three Months Ended June 30,
	2018			2017
Customer end market:
Technology	$	82,817		$	89,355
Telecom, Media & Entertainment		46,868			57,405
Financial Services		45,225			38,291
SLED		68,205			77,163
Healthcare		46,450			46,486
All others		57,299			54,199
Net sales		346,864			362,899
Financing and other		(5,405	)		(3,538	)
Revenue from contracts with customers	$	341,459		$	359,361

	Three Months Ended June 30,
	2018			2017
Vendor:
Cisco Systems	$	139,577		$	174,256
NetApp		15,020			15,540
HP Inc. & HPE		20,355			28,360
Arista Networks		19,844			17,451
Juniper		10,431			9,381
All others		141,637			117,911
Net sales		346,864			362,899
Financing and other		(5,405	)		(3,538	)
Revenue from contracts with customers	$	341,459		$	359,361