SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 30, 2023

SEGMENT REPORTING [Abstract]

Segment Reporting Information, by Reportable Segment

The following table provides reportable segment information for the three-month periods ended June 30, 2023, and 2022 (in thousands):

	Three Months Ended June 30,
	2023		2022
Net Sales
Product	$	498,166	$	385,676
Professional Services		35,556		37,168
Managed Services		31,963		25,941
Financing		8,490		9,574
Total		574,175		458,359
Gross Profit
Product		111,391		83,168
Professional Services		14,724		15,055
Managed Services		9,797		7,428
Financing		6,361		7,872
Total		142,273		113,523
Operating income
Technology Business		43,498		29,219
Financing		2,834		3,964
Total		46,332		33,183
Other income (expense), net		190		(2,153	)
Earnings before tax	$	46,522	$	31,030
Depreciation and amortization
Technology Business	$	4,764	$	3,182
Financing		28		28
Total	$	4,792	$	3,210
Interest and financing costs
Technology Business	$	550	$	138
Financing		301		225
Total	$	851	$	363
Selected Financial Data - Statement of Cash Flow
Purchases of property, equipment and operating lease equipment Technology Business	$	2,785	$	1,286
Financing		913		491
Total	$	3,698	$	1,777

Disaggregation of Net Sales and Revenue Recognized from Contracts with Customers [Table Text Block]

The following table provides a disaggregation of net sales by source and further disaggregates our revenue recognized from contracts with customers by timing and our position as principal or agent for the three-month period ended June 30, 2023 (in thousands):

	Three months ended June 30, 2023
	Product		Professional Services		Managed Services		Financing		Total
Net Sales
Contracts with customers	$	490,543	$	35,556	$	31,963	$	1,290	$	559,352
Financing and other		7,623		-		-		7,200		14,823
Total	$	498,166	$	35,556	$	31,963	$	8,490	$	574,175
Timing and position as principal or agent
Transferred at a point in time as principal	$	452,382	$	-	$	-	$	1,290	$	453,672
Transferred at a point in time as agent		38,161		-		-		-		38,161
Transferred over time as principal		-		35,556		31,963		-		67,519
Total revenue from contracts with customers	$	490,543	$	35,556	$	31,963	$	1,290	$	559,352

The following table provides a disaggregation of net sales by source and further disaggregates our revenue recognized from contracts with customers by timing and our position as principal or agent for the three-month period ended June 30, 2022 (in thousands):

	Three months ended June 30, 2022
	Product		Professional Services		Managed Services		Financing		Total
Net Sales
Contracts with customers	$	380,693	$	37,168	$	25,941	$	945	$	444,747
Financing and other		4,983		-		-		8,629		13,612
Total	$	385,676	$	37,168	$	25,941	$	9,574	$	458,359
Timing and position as principal or agent
Transferred at a point in time as principal	$	335,714	$	-	$	-	$	945	$	336,659
Transferred at a point in time as agent		44,979		-		-		-		44,979
Transferred over time as principal		-		37,168		25,941		-		63,109
Total revenue from contracts with customers	$	380,693	$	37,168	$	25,941	$	945	$	444,747

Technology Segment Disaggregation of Revenue

The following table provides a disaggregation of our revenue from contracts with customers for our technology business by customer end market and by type (in thousands):

	Three Months Ended June 30,
	2023			2022
Customer end market:
Telecom, media & entertainment	$	141,335		$	128,277
SLED		109,405			64,602
Healthcare		86,656			68,512
Technology		73,403			69,862
Financial services		65,690			33,299
All others		89,196			84,233
Net sales		565,685			448,785
Less: revenue from financing and other		(7,623	)		(4,983	)
Total revenue from contracts with customers	$	558,062		$	443,802
Type:
Product
Networking	$	245,188		$	142,641
Cloud		172,044			164,733
Security		45,796			47,995
Collaboration		12,956			12,980
Other		22,182			17,327
Total product		498,166			385,676
Professional services		35,556			37,168
Managed services		31,963			25,941
Net sales		565,685			448,785
Less: revenue from financing and other		(7,623	)		(4,983	)
Total revenue from contracts with customers	$	558,062		$	443,802