SEGMENT REPORTING (Tables)

12 Months Ended

Mar. 31, 2025

SEGMENT REPORTING [Abstract]

Segment Reporting Information, by Reportable Segment

The following table provides reportable segment information (in thousands):

	Year Ended March 31,
		2025		2024		2023
Net sales
Product	$	1,608,768	$	1,883,809	$	1,750,802
Professional services		229,030		154,549		151,785
Managed services		171,347		137,528		112,658
Financing		59,644		49,416		52,473
Total		2,068,789		2,225,302		2,067,718
Cost of sales
Product		1,235,211		1,486,191		1,370,061
Professional services		138,513		86,355		90,191
Managed services		120,040		94,861		80,503
Financing		5,904		7,102		9,439
Total		1,499,668		1,674,509		1,550,194
Gross profit
Product		373,557		397,618		380,741
Professional services		90,517		68,194		61,594
Managed services		51,307		42,667		32,155
Financing		53,740		42,314		43,034
Total		569,121		550,793		517,524
Selling, general, and administrative
Technology business		383,335		353,540		317,885
Financing		16,409		14,194		15,635
Total		399,744		367,734		333,520
Depreciation and amortization
Technology business		25,753		20,951		13,598
Financing		-		74		111
Total		25,753		21,025		13,709
Interest and financing costs
Technology business		-		1,428		2,897
Financing		2,211		2,349		1,236
Total		2,211		3,777		4,133
Operating income
Technology business		106,293		132,560		140,110
Financing		35,120		25,697		26,052
Total		141,413		158,257		166,162
Other income (expense), net		7,426		2,836		(3,188	)
Earnings before tax	$	148,839	$	161,093	$	162,974
Selected financial data - statement of cash flow
Purchases of property, equipment, and operating lease equipment:
Technology business	$	5,216	$	7,454	$	7,693
Financing		1,387		1,049		1,687
Total	$	6,603	$	8,503	$	9,380

Disaggregation of Net Sales and Revenue Recognized from Contracts with Customers

The following tables provide a disaggregation of net sales by source and further disaggregate our revenue recognized from contracts with customers by timing and our position as principal or agent (in thousands):

	Year ended March 31, 2025
	Product		Professional Services		Managed Services		Financing		Total
Net Sales:
Contracts with customers	$	1,575,097	$	229,030	$	171,347	$	5,560	$	1,981,034
Financing and other		33671		-		-		54,084		87,755
Total	$	1,608,768	$	229,030	$	171,347	$	59,644	$	2,068,789
Timing and position as principal or agent:
Transferred at a point in time as principal	$	1,390,811	$	-	$	-	$	5,560	$	1,396,371
Transferred at a point in time as agent		184,286		-		-		-		184,286
Transferred over time as principal		-		229,030		171,347		-		400,377
Total revenue from contracts with customers	$	1,575,097	$	229,030	$	171,347	$	5,560	$	1,981,034

	Year ended March 31, 2024
	Product		Professional Services		Managed Services		Financing		Total
Net Sales:
Contracts with customers	$	1,862,231	$	154,549	$	137,528	$	5,926	$	2,160,234
Financing and other		21,578		-		-		43,490		65,068
Total	$	1,883,809	$	154,549	$	137,528	$	49,416	$	2,225,302
Timing and position as principal or agent:
Transferred at a point in time as principal	$	1,687,639	$	-	$	-	$	5,926	$	1,693,565
Transferred at a point in time as agent		174,592		-		-		-		174,592
Transferred over time as principal		-		154,549		137,528		-		292,077
Total revenue from contracts with customers	$	1,862,231	$	154,549	$	137,528	$	5,926	$	2,160,234

	Year ended March 31, 2023
	Product		Professional Services		Managed Services		Financing		Total
Net Sales:
Contracts with customers	$	1,728,125	$	151,785	$	112,658	$	9,304	$	2,001,872
Financing and other		22,677		-		-		43,169		65,846
Total	$	1,750,802	$	151,785	$	112,658	$	52,473	$	2,067,718
Timing and position as principal or agent:
Transferred at a point in time as principal	$	1,566,760	$	-	$	-	$	9,304	$	1,576,064
Transferred at a point in time as agent		161,365		-		-		-		161,365
Transferred over time as principal		-		151,785		112,658		-		264,443
Total revenue from contracts with customers	$	1,728,125	$	151,785	$	112,658	$	9,304	$	2,001,872

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):

	Year Ended March 31,
	2025			2024			2023
Customer end market:
Telecom, media & entertainment	$	453,892		$	547,525		$	532,921
SLED		333,371			329,617			290,624
Technology		300,465			379,720			393,594
Healthcare		286,474			278,893			274,936
Financial services		174,798			243,630			156,257
All others		460,145			396,501			366,913
Net sales		2,009,145			2,175,886			2,015,245
Less: revenue from financing and other		(33,671	)		(21,578	)		(22,677	)
Total revenue from contracts with customers	$	1,975,474			2,154,308			1,992,568
Type:
Product
Networking	$	781,703		$	1,005,679		$	803,678
Cloud		509,774			546,341			587,097
Security		191,872			193,956			214,459
Collaboration		55,483			65,714			57,472
Other		69,936			72,119			88,096
Total product		1,608,768			1,883,809			1,750,802
Professional services		229,030			154,549			151,785
Managed services		171,347			137,528			112,658
Net sales		2,009,145			2,175,886			2,015,245
Less: revenue from financing and other		(33,671	)		(21,578	)		(22,677	)
Total revenue from contracts with customers	$	1,975,474		$	2,154,308		$	1,992,568

Geographical Information

The geographic information for the years ended March 31, 2025, 2024, and 2023 was as follows (in thousands):

	Year Ended March 31,
	2025		2024		2023
Net sales:
US	$	1,983,403	$	2,127,695	$	1,953,465
Non-US		85,386		97,607		114,253
Total	$	2,068,789	$	2,225,302	$	2,067,718

		March 31,
	2025		2024
Long-lived tangible assets:
US	$	17,162	$	16,258
Non-US		321		582
Total	$	17,483	$	16,840