Business Segments

9 Months Ended

Dec. 25, 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 who build and maintain the infrastructure system and provide airtime service to individual subscribers, whereas Commercial includes value-added resellers, the government channel and private system operator markets. Ventev®, the Company’s proprietary brand that manufactures products, is primarily 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 activity for the third quarter and first nine months of fiscal years 2023 and 2022 is as follows (in thousands):

	Three Months Ended				Nine Months Ended
		December 25, 2022		December 26, 2021		December 25, 2022		December 26, 2021
Revenues
Carrier	$	48,627	$	43,409	$	147,745	$	136,348
Commercial		66,253		59,053		200,120		179,607
Total revenues	$	114,880	$	102,462	$	347,864	$	315,955
Gross Profit
Carrier	$	6,354	$	5,484	$	19,492	$	16,365
Commercial		17,337		14,137		50,757		42,738
Total gross profit	$	23,691	$	19,621	$	70,249	$	59,103

The table below presents total assets by reportable segments. For the Carrier and Commercial segments, total assets are primarily comprised of accounts receivable.

		December 25, 2022		March 27, 2022
Total Assets
Carrier	$	38,427	$	38,705
Commercial		40,632		36,797
Corporate		150,679		127,012
Total assets	$	229,737	$	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.