Business Segments

12 Months Ended

Mar. 27, 2022

Business Segments

Business Segments

Note 10. Business Segments

The Company has two reportable segments, Carrier and Commercial, which are identified based on the information reviewed by the Chief Operating Decision Maker (“CODM”) and are consistent with how the business is managed. The Company previously operated as one reportable segment in fiscal 2021 and identified a change to our segments in the fourth quarter of fiscal 2022 as a result of changes in organizational structure. Carrier is generally comprised of customers responsible for building and maintaining the infrastructure system and provide airtime service to individual subscribers and Commercial includes value-added resellers, the government channel and private system operator markets. Ventev^®, the Company’s proprietary brand that manufactures products, is included in the Commercial segment. There is a mix of products that the Company sells that are marketed to both segments, as well as certain product classes that primarily serve one segment. As a value-add distributor of products from over 300 manufacturers, the Company sells products across a large number of product groups and industries and, as a result, it is impracticable to provide segment information at the product group level. Inventory typically has a life cycle that tends to be tied to changes in regulation or technology and includes products typically used by business entities or governments.

Segment information for the fiscal years ended 2022, 2021 and 2020 has been restated to reflect the change in segments during fiscal 2022 and is as follows (in thousands):

	Year Ended
	March 27, 2022		March 28, 2021		March 29, 2020
Revenues
Carrier	$	180,740	$	149,825	$	156,395
Commercial		236,805		223,516		252,619
Total revenues	$	417,545	$	373,341	$	409,014
Gross Profit
Carrier	$	20,985	$	16,585	$	18,699
Commercial		57,052		51,131		60,943
Total gross profit	$	78,037	$	67,716	$	79,642
Total Assets	2022		2021
Carrier	$	38,705	$	29,829
Commercial		36,797		33,355
Corporate		127,012		125,893
Total Assets	$	202,513	$	189,078

The CODM reviews segment results using Gross profit as the segment measure of profit or loss and the Company does not allocate expenses below Gross profit to the segments.