Business Segments

3 Months Ended

Jun. 26, 2022

Business Segments

Business Segments

Note 7. 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. 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 primarily 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 activity for the first quarter of fiscal years 2023 and 2022 are as follows (in thousands):

	Three Months Ended
		June 26, 2022		June 27, 2021
Revenues
Carrier	$	47,065	$	46,020
Commercial		65,096		58,936
Total revenues	$	112,161	$	104,956
Gross Profit
Carrier	$	6,265	$	5,322
Commercial		16,098		14,364
Total gross profit	$	22,363	$	19,686

The table below presents total assets by reportable segments, which are primarily comprised of accounts

receivable.

		June 26, 2022		March 27, 2022
Total Assets
Carrier	$	39,534	$	38,705
Commercial		39,131		36,797
Corporate		133,353		127,012
Total assets	$	212,018	$	202,513

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.