10-Q

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-Q

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended: March 31, 2013

OR

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                      to                     

Commission File Number: 0-25092

INSIGHT ENTERPRISES, INC.

(Exact name of registrant as specified in its charter)

Delaware	86-0766246
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

6820 South Harl Avenue, Tempe, Arizona 85283

(Address of principal executive offices) (Zip Code)

(480) 902-1001

(Registrant’s telephone number, including area code)

(Former name, former address and former fiscal year, if changed since last report)

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Date File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	x	Accelerated filer	¨
Non-accelerated filer	¨  (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes  ¨    No  x

The number of shares outstanding of the issuer’s common stock as of April 26, 2013 was 43,520,279.

INSIGHT ENTERPRISES, INC.

QUARTERLY REPORT ON FORM 10-Q

Three Months Ended March 31, 2013

TABLE OF CONTENTS

	Page
PART I—Financial Information
Item 1 – Financial Statements:
Consolidated Balance Sheets (unaudited)—March 31, 2013 and December 31, 2012		1
Consolidated Statements of Operations (unaudited)—Three Months Ended March 31, 2013 and 2012		2
Consolidated Statements of Comprehensive Income (unaudited)—Three Months Ended March  31, 2013 and 2012		3
Consolidated Statements of Cash Flows (unaudited)—Three Months Ended March 31, 2013 and 2012		4
Notes to Consolidated Financial Statements (unaudited)		5
Item  2 – Management’s Discussion and Analysis of Financial Condition and Results of Operations		15
Item 3 – Quantitative and Qualitative Disclosures About Market Risk		24
Item 4 – Controls and Procedures		24
PART II—Other Information
Item 1 – Legal Proceedings		24
Item 1A – Risk Factors		25
Item 2 – Unregistered Sales of Equity Securities and Use of Proceeds		25
Item 3 – Defaults Upon Senior Securities		25
Item 4 – Mine Safety Disclosures		25
Item 5 – Other Information		25
Item 6 – Exhibits		26
Signatures		27

INSIGHT ENTERPRISES, INC.

FORWARD-LOOKING INFORMATION

Certain statements in this Quarterly Report on Form 10-Q, including statements in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part I, Item 2 of this report, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may include: projections of matters that affect net sales, gross profit, operating expenses, earnings from operations, non-operating income and expenses, net earnings or cash flows, working capital needs, cash needs and the sufficiency of our capital resources; details of our business strategy and our strategic initiatives, including projections of capital expenditures; our intentions concerning the payment of dividends; our acquisition strategy; plans and timing relating to our IT system upgrade and integration; projections of compliance with our debt covenants; the effect of new accounting principles or changes in accounting principles; the effect of indemnification obligations and other off-balance sheet arrangements; projections about the outcome of ongoing tax audits; statements related to accounting estimates, including estimated stock-based compensation recognition timing and award forfeitures, the timing of the payment of restructuring obligations, the recognition of unrecognized tax benefits and the resolution of uncertain tax positions; our intention to use cash in excess of working capital needs to pay down debt, repurchase our common stock, fund acquisitions and support capital expenditures; our intention to reinvest undistributed earnings of foreign subsidiaries outside the United States and the anticipated character of those investments; our expectations regarding seasonality; the sufficiency of our provisions for litigation losses and our strategies with respect to ongoing and threatened litigation, including those matters identified in “Legal Proceedings” in Part II, Item 1 of this report; statements of belief; and statements of assumptions underlying any of the foregoing. Forward-looking statements are identified by such words as “believe,” “anticipate,” “expect,” “estimate,” “intend,” “plan,” “project,” “will,” “may” and variations of such words and similar expressions and are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified. Future events and actual results could differ materially from those set forth in, contemplated by, or underlying the forward-looking statements. There can be no assurances that the results described in the forward-looking statements will be achieved, and actual results could differ materially from those suggested by the forward-looking statements. Some of the important factors that could cause our actual results to differ materially from those projected in any forward-looking statements include, but are not limited to, the following:

• our reliance on partners for product availability and competitive products to sell as well as our competition with our partners;

• our reliance on partners for marketing funds and purchasing incentives;

• changes in the IT industry and/or rapid changes in technology;

• disruptions in our IT systems and voice and data networks, including risks and costs associated with the integration and upgrade of our IT systems;

• actions of our competitors, including manufacturers and publishers of products we sell;

• general economic conditions;

• failure to comply with the terms and conditions of our commercial and public sector contracts;

• the security of our electronic and other confidential information;

• the integration and operation of acquired businesses, including our ability to achieve expected benefits of the acquisitions;

• our dependence on certain personnel;

• the variability of our net sales and gross profit;

• the risks associated with our international operations;

• exposure to changes in, interpretations of, or enforcement trends related to tax rules and regulations; and

• intellectual property infringement claims and challenges to our registered trademarks and trade names.

Additionally, there may be other risks that are otherwise described from time to time in the reports that we file with the Securities and Exchange Commission. Any forward-looking statements in this report should be considered in light of various important factors, including the risks and uncertainties listed above, as well as others. We assume no obligation to update, and do not intend to update, any forward-looking statements. We do not endorse any projections regarding future performance that may be made by third parties.

PART I—FINANCIAL INFORMATION

Item 1. Financial Statements.

INSIGHT ENTERPRISES, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except per share data)

(unaudited)

	March 31, 2013		December 31, 2012
ASSETS
Current assets:
Cash and cash equivalents	$	152,326	$	152,119
Accounts receivable, net of allowance for doubtful accounts of $19,200 and $18,905, respectively		1,081,979		1,371,356
Inventories		97,820		100,896
Inventories not available for sale		29,307		31,249
Deferred income taxes		16,343		16,387
Other current assets		46,319		29,543
Total current assets		1,424,094		1,701,550
Property and equipment, net of accumulated depreciation of $225,649 and $226,684, respectively		139,846		143,513
Goodwill		26,257		26,257
Intangible assets, net of accumulated amortization of $69,286 and $67,092, respectively		44,069		47,405
Deferred income taxes		62,415		64,013
Other assets		24,419		18,765
	$	1,721,100	$	2,001,503
LIABILITIES AND STOCKHOLDERS’ EQUITY
Current liabilities:
Accounts payable	$	744,899	$	982,611
Accrued expenses and other current liabilities		142,086		158,621
Current portion of long-term debt		345		602
Deferred revenue		35,838		40,287
Total current liabilities		923,168		1,182,121
Long-term debt		61,000		80,000
Deferred income taxes		1,988		2,312
Other liabilities		35,904		31,779
		1,022,060		1,296,212
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued		—		—
Common stock, $0.01 par value, 100,000 shares authorized; 44,587 shares at March 31, 2013 and 44,594 shares at December 31, 2012 issued and outstanding		446		446
Additional paid-in capital		366,281		369,300
Retained earnings		320,968		315,888
Accumulated other comprehensive income – foreign currency translation adjustments		11,345		19,657
Total stockholders’ equity		699,040		705,291
	$	1,721,100	$	2,001,503

See accompanying notes to consolidated financial statements.

1

INSIGHT ENTERPRISES, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

	Three Months Ended March 31,
	2013			2012
Net sales	$	1,181,622		$	1,244,182
Costs of goods sold		1,023,485			1,073,810
Gross profit		158,137			170,372
Operating expenses:
Selling and administrative expenses		140,988			143,394
Severance and restructuring expenses		2,732			1,374
Earnings from operations		14,417			25,604
Non-operating (income) expense:
Interest income		(312	)		(351	)
Interest expense		1,618			1,558
Gain on bargain purchase		—			(2,022	)
Net foreign currency exchange loss (gain)		161			(828	)
Other expense, net		374			244
Earnings before income taxes		12,576			27,003
Income tax expense		3,500			9,611
Net earnings	$	9,076		$	17,392
Net earnings per share:
Basic	$	0.20		$	0.39
Diluted	$	0.20		$	0.39
Shares used in per share calculations:
Basic		44,670			44,150
Diluted		45,063			44,754

See accompanying notes to consolidated financial statements.

2

INSIGHT ENTERPRISES, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(in thousands)

(unaudited)

	Three Months Ended March 31,
	2013			2012
Net earnings	$	9,076		$	17,392
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments		(8,312	)		6,236
Total comprehensive income	$	764		$	23,628

See accompanying notes to consolidated financial statements.

3

INSIGHT ENTERPRISES, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

	Three Months Ended March 31,
	2013			2012
Cash flows from operating activities:
Net earnings	$	9,076		$	17,392
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization		10,454			10,182
Provision for losses on accounts receivable		1,292			717
Write-downs of inventories		1,039			857
Write-off of property and equipment		51			—
Non-cash stock-based compensation		2,090			2,141
Gain on bargain purchase		—			(2,022	)
Excess tax benefit from employee gains on stock-based compensation		(717	)		(1,893	)
Deferred income taxes		1,304			2,762
Changes in assets and liabilities:
Decrease in accounts receivable		272,163			138,608
Decrease (increase) in inventories		2,941			(1,436	)
Increase in other current assets		(17,137	)		(1,637	)
(Increase) decrease in other assets		(5,742	)		925
Decrease in accounts payable		(247,725	)		(157,051	)
(Decrease) increase in deferred revenue		(4,575	)		8,644
Decrease in accrued expenses and other liabilities		(8,231	)		(38,629	)
Net cash provided by (used in) operating activities		16,283			(20,440	)
Cash flows from investing activities:
Acquisition, net of cash acquired		—			(3,831	)
Purchases of property and equipment		(5,670	)		(7,823	)
Net cash used in investing activities		(5,670	)		(11,654	)
Cash flows from financing activities:
Borrowings on senior revolving credit facility		326,535			418,000
Repayments on senior revolving credit facility		(330,535	)		(394,500	)
Borrowings on accounts receivable securitization financing facility		213,000			50,000
Repayments on accounts receivable securitization financing facility		(228,000	)		(50,000	)
Payments on capital lease obligation		(257	)		(253	)
Net borrowings under inventory financing facility		21,277			9,316
Proceeds from sales of common stock under employee stock plans		—			889
Excess tax benefit from employee gains on stock-based compensation		717			1,893
Payment of payroll taxes on stock-based compensation through shares withheld		(2,814	)		(3,000	)
Repurchases of common stock		(6,856	)		—
Net cash (used in) provided by financing activities		(6,933	)		32,345
Foreign currency exchange effect on cash flows		(3,473	)		4,022
Increase in cash and cash equivalents		207			4,273
Cash and cash equivalents at beginning of period		152,119			128,336
Cash and cash equivalents at end of period	$	152,326		$	132,609

See accompanying notes to consolidated financial statements.

4

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

1. Basis of Presentation and Recently Issued Accounting Pronouncements

We are a leading provider of information technology (“IT”) solutions to businesses and public sector clients in North America, Europe, the Middle East, Africa and Asia-Pacific. The Company is organized in the following three operating segments, which are primarily defined by their related geographies:

Operating Segment	Geography
North America	United States and Canada
EMEA	Europe, Middle East and Africa
APAC	Asia-Pacific

Currently, our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are almost entirely software and select software-related services.

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of March 31, 2013 and our results of operations and cash flows for the three months ended March 31, 2013 and 2012. The consolidated balance sheet as of December 31, 2012 was derived from the audited consolidated balance sheet at such date. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with the rules and regulations promulgated by the Securities and Exchange Commission (“SEC”) and consequently do not include all of the disclosures normally required by United States generally accepted accounting principles (“GAAP”).

The results of operations for such interim periods are not necessarily indicative of results for the full year, due in part to the seasonal nature of the business. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes thereto, in our Annual Report on Form 10-K for the year ended December 31, 2012.

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Additionally, these estimates and assumptions affect the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to sales recognition, anticipated achievement levels under partner funding programs, assumptions related to stock-based compensation valuation, allowances for doubtful accounts, valuation of inventories, litigation-related obligations, valuation allowances for deferred tax assets and impairment of long-lived assets, including purchased intangibles and goodwill, if indicators of potential impairment exist.

The consolidated financial statements include the accounts of Insight Enterprises, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. References to “the Company,” “Insight,” “we,” “us,” “our” and other similar words refer to Insight Enterprises, Inc. and its consolidated subsidiaries, unless the context suggests otherwise.

Recently Issued Accounting Pronouncements

There have been no material changes or additions to the recently issued accounting pronouncements as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2012 that affect or may affect our financial statements.

5

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

2. Net Earnings Per Share (“EPS”)

Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and restricted stock units. A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):

	Three Months Ended March 31,
	2013		2012
Numerator:
Net earnings	$	9,076	$	17,392
Denominator:
Weighted average shares used to compute basic EPS		44,670		44,150
Dilutive potential common shares due to dilutive options and restricted stock units, net of tax effect		393		604
Weighted average shares used to compute diluted EPS		45,063		44,754
Net earnings per share:
Basic	$	0.20	$	0.39
Diluted	$	0.20	$	0.39

For the three months ended March 31, 2013 and 2012, 184,000 and 192,000, respectively, of our restricted stock units were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.

3. Debt, Capital Lease Obligation and Inventory Financing Facility

Debt

Our long-term debt consists of the following (in thousands):

	March 31, 2013			December 31, 2012
Senior revolving credit facility	$	29,000		$	33,000
Accounts receivable securitization financing facility		32,000			47,000
Capital lease obligation		345			602
Total		61,345			80,602
Less: current portion of obligation under capital lease		(345	)		(602	)
Less: current portion of revolving credit facilities		—			—
Long-term debt	$	61,000		$	80,000

Our senior revolving credit facility has a maximum borrowing capacity of $350,000,000. The senior revolving credit facility matures April 26, 2017 and is guaranteed by the Company’s material domestic subsidiaries and is secured by a lien on substantially all of the Company’s and each guarantor’s assets. The balance of $29,000,000 outstanding at March 31, 2013 was borrowed under the prime rate option at 3.25% per annum. As of March 31, 2013, $321,000,000 was available under the senior revolving credit facility.

6

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Our accounts receivable securitization financing facility (the “ABS facility”) has a maximum borrowing capacity of $200,000,000 and matures on April 24, 2015. While the ABS facility has a stated maximum amount, the actual availability under the ABS facility is limited by the quantity and quality of the underlying accounts receivable. Under the ABS facility, the floating interest rate applicable at March 31, 2013 was 1.12% per annum. As of March 31, 2013, qualified receivables were sufficient to permit access to the full $200,000,000 facility amount, of which $32,000,000 was outstanding at March 31, 2013.

Our senior revolving credit facility and ABS facility contain various covenants customary for transactions of this type, including limitations on the payment of dividends and the requirement that we comply with minimum fixed charge and minimum asset coverage ratio levels. If we fail to comply with these covenants, the lenders would be able to demand payment within a specified period of time. At March 31, 2013, we were in compliance with all such covenants.

Our consolidated debt balance that can be outstanding at the end of any fiscal quarter under our senior revolving credit facility and our ABS facility is limited by certain financial covenants, particularly a maximum leverage ratio. The maximum leverage ratio is calculated as aggregate debt outstanding divided by the sum of the Company’s trailing twelve month net earnings (loss) plus (i) interest expense, excluding non-cash imputed interest on our inventory financing facility, (ii) income tax expense (benefit), (iii) depreciation and amortization and (iv) non-cash stock-based compensation (“adjusted earnings”). The maximum leverage ratio permitted under the amended agreements is 2.75 times trailing twelve-month adjusted earnings. A significant drop in the Company’s adjusted earnings would limit the amount of indebtedness that could be outstanding at the end of any fiscal quarter to a level that would be below the Company’s consolidated maximum debt capacity. Based on the Company’s maximum leverage ratio as of March 31, 2013, the Company’s consolidated debt balance that could have been outstanding under our senior revolving credit facility and our ABS facility was reduced from the maximum borrowing capacity of $550,000,000 to $506,931,000, of which $61,000,000 was outstanding at March 31, 2013.

Capital Lease Obligation

The present value of minimum lease payments under our capital lease, which is a current obligation as of March 31, 2013 and December 31, 2012, is included in our debt balances as summarized in the table above.

Inventory Financing Facility

Our inventory financing facility has a maximum borrowing capacity of $200,000,000 and matures on April 26, 2017. As of March 31, 2013 and December 31, 2012, $138,110,000 and $116,833,000, respectively, was included in accounts payable within our consolidated balance sheets related to our inventory financing facility.

4. Severance and Restructuring Activities

Severance Costs Expensed for 2013 Resource Actions

During the three months ended March 31, 2013, North America and EMEA recorded severance expense totaling $1,057,000 and $1,603,000, respectively, related to 2013 resource actions. The charges were associated with severance for the elimination of certain positions based on a re-alignment of roles and responsibilities.

The following table details the 2013 activity and the outstanding obligation related to the 2013 resource actions as of March 31, 2013 (in thousands):

	North America			EMEA			Consolidated
Severance costs	$	1,057		$	1,603		$	2,660
Foreign currency translation adjustments		—			(16	)		(16	)
Cash payments		(154	)		(31	)		(185	)
Balance at March 31, 2013	$	903		$	1,556		$	2,459

7

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The remaining outstanding obligations are expected to be paid during the next 12 months and are therefore included in accrued expenses and other current liabilities.

Severance Costs Expensed for 2012 Resource Actions

During the year ended December 31, 2012, North America and EMEA recorded severance expense totaling $3,022,000 and $3,973,000, respectively, relating to 2012 restructuring actions. The charges were associated with severance for the elimination of certain positions based on a re-alignment of roles and responsibilities.

The following table details the 2013 activity and the outstanding obligation related to the 2012 resource actions as of March 31, 2013 (in thousands):

	North America			EMEA			Consolidated
Balance at December 31, 2012	$	1,249		$	1,391		$	2,640
Foreign currency translation adjustments		—			(45	)		(45	)
Adjustments		—			72			72
Cash payments		(373	)		(67	)		(440	)
Balance at March 31, 2013	$	876		$	1,351		$	2,227

In EMEA, adjustments totaling $72,000 were recorded as an increase to severance and restructuring expense during the three months ended March 31, 2013 and an increase to the related severance accrual due to changes in estimates as cash payments were made. The remaining outstanding obligations are expected to be paid during the next 12 months and are therefore included in accrued expenses and other current liabilities.

5. Stock-Based Compensation

By operating segment, we recorded the following pre-tax amounts for stock-based compensation, net of estimated forfeitures, related to restricted stock units (“RSUs”) in selling and administrative expenses in our consolidated financial statements (in thousands):

	Three Months Ended March  31,
	2013		2012
North America	$	1,490	$	1,565
EMEA		532		515
APAC		68		61
Total Consolidated	$	2,090	$	2,141

As of March 31, 2013, total compensation cost not yet recognized related to nonvested RSUs is $18,988,000, which is expected to be recognized over the next 1.49 years on a weighted-average basis.

8

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The following table summarizes our RSU activity during the three months ended March 31, 2013:

	Number			Weighted Average Grant  Date Fair Value		Fair Value
Nonvested at January 1, 2013		1,162,231		$	17.66
Granted		472,268			20.50
Vested, including shares withheld to cover taxes		(477,680	)		16.11	$	9,656,445	(a)
Forfeited		(33,815	)		20.27
Nonvested at March 31, 2013		1,123,004			19.44	$	23,156,342	(b)
Expected to vest		1,206,874				$	22,636,698	(b)

^(a)  The fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

^(b) The aggregate fair value represents the total pre-tax fair value, based on our closing stock price of $20.62 as of March 28, 2013 (the last business day of the quarter), which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

During the three months ended March 31, 2013 and 2012, the RSUs that vested for teammates in the United States were net-share settled such that we withheld shares with value equivalent to the teammates’ minimum statutory United States tax obligations for the applicable income and other employment taxes and remitted the corresponding cash amount to the appropriate taxing authorities. The total shares withheld during the three months ended March 31, 2013 and 2012 of 139,589 and 140,684, respectively, were based on the value of the RSUs on their vesting date as determined by our closing stock price on such vesting date. For the three months ended March 31, 2013 and 2012, total payments for the employees’ tax obligations to the taxing authorities were $2,814,000 and $3,000,000, respectively, and are reflected as a financing activity within the consolidated statements of cash flows. These net-share settlements had the economic effect of repurchases of common stock as they reduced the number of shares that would have otherwise been issued as a result of the vesting and did not represent a repurchase of shares or an expense to us.

6. Income Taxes

Our effective tax rate for the three months ended March 31, 2013 and 2012 was 27.8% and 35.6%, respectively. For the three months ended March 31, 2013, our effective tax rate was lower than the United States federal statutory rate of 35.0% due primarily to the recognition of certain tax benefits related to the re-measurement or settlement of specific uncertain tax positions during the quarter and to lower taxes on earnings in foreign jurisdictions. For the three months ended March 31, 2012, our effective tax rate was slightly higher than the United States federal statutory rate of 35.0% due primarily to state income taxes, net of federal benefit and other non-deductible expenses, partially offset by lower taxes on earnings in foreign jurisdictions.

As of March 31, 2013 and December 31, 2012, we had approximately $5,272,000 and $7,201,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $494,000 and $488,000, respectively, related to accrued interest.

Several of our subsidiaries are currently under audit for tax years 2006 through 2011. It is reasonably possible that the examination phase of these audits may conclude in the next 12 months and that the related unrecognized tax benefits for uncertain tax positions may change, potentially having a material effect on our effective tax rate. However, based on the status of the various examinations in multiple jurisdictions, an estimate of the range of reasonably possible outcomes cannot be made at this time.

9

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

7. Derivative Financial Instruments

We use derivatives to partially offset our exposure to fluctuations in certain foreign currencies. We do not enter into derivatives for speculative or trading purposes. Derivatives are recorded at fair value on the balance sheet and gains or losses resulting from changes in fair value of the derivative are recorded currently in income. The Company does not designate its foreign currency derivatives as hedges for hedge accounting.

The following table summarizes our derivative financial instruments as of March 31, 2013 and December 31, 2012 (in thousands):

		March 31, 2013				December 31, 2012
	Balance Sheet Location	Asset Derivatives Fair Value		Liability Derivatives Fair Value		Asset Derivatives Fair Value		Liability Derivatives Fair Value
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Other current assets	$	—	$	—	$	8	$	—
Foreign exchange forward contracts	Accrued expenses and other current liabilities		—		—		—		25
Total derivatives not designated as hedging instruments		$	—	$	—	$	8	$	25

The following table summarizes the effect of our derivative financial instruments on our results of operations during the three months ended March 31, 2013 and 2012 (in thousands):

Derivatives Not Designated as Hedging Instruments	Location of (Gain) Loss Recognized in Earnings on Derivatives	Amount of (Gain) Loss Recognized in Earnings on Derivatives
		Three Months Ended			Three Months Ended
		March 31, 2013			March 31, 2012
Foreign exchange forward contracts	Net foreign currency exchange (gain) loss	$	(401	)	$	448
Total		$	(401	)	$	448

8. Fair Value Measurements

The following table summarizes the valuation of our financial instruments by the following three categories as of March 31, 2013 and December 31, 2012 (in thousands):

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

10

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

		March 31, 2013				December 31, 2012
Balance Sheet Classification		Foreign Exchange Derivatives		Non-qualified Deferred Compensation Plan Investments		Foreign Exchange Derivatives		Non-qualified Deferred Compensation Plan Investments
Other current assets	Level 1	$	—	$	1,259	$	—	$	1,240
	Level 2		—		—		8		—
	Level 3		—		—		—		—
		$	—	$	1,259	$	8	$	1,240
Accrued expenses and other current liabilities	Level 1	$	—	$	—	$	—	$	—
	Level 2		—		—		25		—
	Level 3		—		—		—		—
		$	—	$	—	$	25	$	—

9. Share Repurchase Program

On February 14, 2013, we announced that our Board of Directors had authorized the repurchase of up to $50,000,000 of our common stock. Any share repurchases may be made on the open market, through block trades, through 10b5-1 plans or otherwise. The amount of shares purchased and the timing of the purchases will be based on working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. During the three months ended March 31, 2013, we purchased in open market transactions 344,971 shares of our common stock at a total cost of approximately $6,856,000 (an average price of $19.88 per share). All shares repurchased through March 31, 2013 have been retired.

10. Commitments and Contingencies

Contractual

In the ordinary course of business, we issue performance bonds to secure our performance under certain contracts or state tax requirements. As of March 31, 2013, we had approximately $21,557,000 of performance bonds outstanding. These bonds are issued on our behalf by a surety company on an unsecured basis; however, if the surety company is ever required to pay out under the bonds, we have contractually agreed to reimburse them.

Employment Contracts and Severance Plans

We have employment contracts with, and plans covering, certain officers and management teammates under which severance payments would become payable in the event of specified terminations without cause or terminations under certain circumstances after a change in control. In addition, vesting of stock-based compensation would accelerate following a change in control. If severance payments under the current employment agreements or plan payments were to become payable, the severance payments would generally range from three to twenty-four months of salary.

Indemnifications

From time to time, in the ordinary course of business, we enter into contractual arrangements under which we agree to indemnify either our clients or third-party service providers from certain losses incurred relating to services performed on our behalf or for losses arising from defined events, which may include litigation or claims relating to past performance. These arrangements include, but are not limited to, the indemnification of our clients for certain claims arising out of our performance under our sales contracts, the indemnification of our landlords for certain claims arising from our use of leased facilities and the indemnification of the lenders that provide our credit facilities for certain claims arising from their extension of credit to us. Such indemnification obligations may not be subject to maximum loss clauses.

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INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Management believes that payments, if any, related to these indemnifications are not probable at March 31, 2013. Accordingly, we have not accrued any liabilities related to such indemnifications in our consolidated financial statements.

We have entered into separate indemnification agreements with our executive officers and with each of our directors. These agreements require us, among other requirements, to indemnify such officers and directors against expenses (including attorneys’ fees), judgments and settlements paid by such individual in connection with any action arising out of such individual’s status or service as our executive officer or director (subject to exceptions such as where the individual failed to act in good faith or in a manner the individual reasonably believed to be in, or not opposed to, the best interests of the Company) and to advance expenses incurred by such individual with respect to which such individual may be entitled to indemnification by us. There are no pending legal proceedings that involve the indemnification of any of the Company’s directors or officers.

Contingencies Related to Third-Party Review

From time to time, we are subject to potential claims and assessments from third parties. We are also subject to various governmental, client and vendor audits. We continually assess whether or not such claims have merit and warrant accrual. Where appropriate, we accrue estimates of anticipated liabilities in the consolidated financial statements. Such estimates are subject to change and may affect our results of operations and our cash flows.

Legal Proceedings

We are party to various legal proceedings arising in the ordinary course of business, including preference payment claims asserted in client bankruptcy proceedings, indemnification claims, claims of alleged infringement of patents, trademarks, copyrights and other intellectual property rights, claims of alleged non-compliance with contract provisions and claims related to alleged violations of laws and regulations. Many of these proceeding are at preliminary stages, and many of these proceedings seek an indeterminate amount of damages. We regularly evaluate the status of the legal proceedings in which we are involved to assess whether a loss is probable or there is a reasonable possibility that a loss, or an additional loss, may have been incurred and determine if accruals are appropriate. If accruals are not appropriate, we further evaluate each legal proceeding to assess whether an estimate of possible loss or range of possible loss can be made for disclosure. Although litigation is inherently unpredictable, we believe that we have adequate provisions for any probable and estimable losses. It is possible, nevertheless, that our consolidated financial position, results of operations or liquidity could be materially and adversely affected in any particular period by the resolution of a legal proceeding. Legal expenses related to defense, negotiations, settlements, rulings and advice of outside legal counsel are expensed as incurred.

In August 2010, in connection with an investigation being conducted by the United States Department of Justice (the “DOJ”), our subsidiary, Calence, LLC, received a subpoena from the Office of the Inspector General of the Federal Communications Commission requesting documents and information related to the expenditure of funds under the E-Rate program, which provides schools and libraries with discounts to obtain affordable telecommunications and internet access and related hardware and software. We have completed our response to the subpoena. The basis of the investigation is a qui tam lawsuit filed in the United States District Court for the Southern District of Texas by a contractor who provided services to the former owners of Calence. The lawsuit, designated United States ex rel. Shupe v. Cisco Systems, Inc., Avnet, Inc. and Calence, LLC, was first filed in January 2010, and an amended complaint was filed in September 2012. The lawsuit was unsealed in June 2012, and an amended complaint was served in September 2012. The amended complaint alleges violations of the False Claims Act and seeks various remedies including treble damages and civil penalties. In connection with the unsealing of the complaint, the DOJ filed a notice with the court declining to intervene in the qui tam action at the time. However, that filing should not be viewed as a final assessment by the DOJ of the merits of this qui tam action. The Company disputes the plaintiff’s claims, intends to defend the lawsuit vigorously and has filed a motion to dismiss the amended complaint. Based on the limited information currently available, the Company is not able to estimate what the possible loss or range of loss might be, if any. The Company is pursuing its rights under the Calence acquisition agreements to indemnification for losses that may arise out of or result from this matter, including our fees and expenses for responding to the subpoena and defending the lawsuit. We have recovered a substantial portion of our fees to date and continue to pursue our indemnification claims.

12

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

Aside from the matter discussed above, the Company is not involved in any pending or threatened legal proceedings that it believes could reasonably be expected to have a material adverse effect on its financial condition, results of operations or liquidity.

11. Segment Information

We operate in three reportable geographic operating segments: North America; EMEA; and APAC. Currently, our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are almost entirely software and select software-related services. Net sales by product or service type for North America, EMEA and APAC were as follows for the three months ended March 31, 2013 and 2012 (in thousands):

	North America				EMEA				APAC
	Three Months Ended March 31,				Three Months Ended March 31,				Three Months Ended March 31,
Sales Mix	2013		2012		2013		2012		2013		2012
Hardware	$	471,066	$	534,144	$	141,676	$	147,806	$	834	$	1,225
Software		222,371		268,305		236,390		194,311		45,190		36,236
Services		53,567		53,878		8,845		6,717		1,683		1,560
	$	747,004	$	856,327	$	386,911	$	348,834	$	47,707	$	39,021

All significant intercompany transactions are eliminated upon consolidation, and there are no differences between the accounting policies used to measure profit and loss for our segments and on a consolidated basis. Net sales are defined as net sales to external clients. None of our clients exceeded 10% of consolidated net sales for the three months ended March 31, 2013.

A portion of our operating segments’ selling and administrative expenses arise from shared services and infrastructure that we provide to them in order to realize economies of scale. These expenses, collectively identified as corporate charges, include senior management expenses, internal audit, legal, tax, insurance services, treasury and other corporate infrastructure expenses. Charges are allocated to our operating segments, and the allocations have been determined on a basis that we considered to be a reasonable reflection of the utilization of services provided to or benefits received by the operating segments.

13

INSIGHT ENTERPRISES, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued)

(unaudited)

The tables below present information about our reportable operating segments as of and for the three months ended March 31, 2013 and 2012 (in thousands):

	Three Months Ended March 31, 2013
	North America		EMEA		APAC		Consolidated
Net sales	$	747,004	$	386,911	$	47,707	$	1,181,622
Costs of goods sold		644,477		338,301		40,707		1,023,485
Gross profit		102,527		48,610		7,000		158,137
Operating expenses:
Selling and administrative expenses		89,196		45,756		6,036		140,988
Severance and restructuring expenses		1,057		1,675		—		2,732
Earnings from operations	$	12,274	$	1,179	$	964	$	14,417
Total assets at period end	$	1,511,362	$	526,602	$	108,171	$	2,146,135	*

* Consolidated total assets do not reflect the net effect of corporate assets and intercompany eliminations of $425,035,000.

	Three Months Ended March 31, 2012
	North America		EMEA		APAC		Consolidated
Net sales	$	856,327	$	348,834	$	39,021	$	1,244,182
Costs of goods sold		742,691		298,420		32,699		1,073,810
Gross profit		113,636		50,414		6,322		170,372
Operating expenses:
Selling and administrative expenses		91,984		45,392		6,018		143,394
Severance and restructuring expenses		489		885		—		1,374
Earnings from operations	$	21,163	$	4,137	$	304	$	25,604
Total assets at period end	$	1,493,061	$	482,644	$	93,289	$	2,068,994	**

** Consolidated total assets do not reflect the net effect of corporate assets and intercompany eliminations of $318,290,000.

We recorded the following pre-tax amounts, by operating segment, for depreciation and amortization, in the accompanying consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2013		2012
North America	$	8,160	$	8,085
EMEA		2,057		1,882
APAC		237		215
Total	$	10,454	$	10,182

12. Acquisition

Effective February 1, 2012, we acquired Inmac, a broad portfolio business-to-business hardware reseller based in Frankfurt, Germany and Amsterdam, Netherlands servicing clients in Western Europe, for a cash purchase price, net of cash acquired, of $3,831,000. Our EMEA operating segment recognized a non-operating gain on bargain purchase of $2,022,000 during the three months ended March 31, 2012 as the fair value of the net assets acquired exceeded the purchase price.

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations.

The following discussion should be read in conjunction with the consolidated financial statements and the related notes that appear elsewhere in this Quarterly Report on Form 10-Q.

Quarterly Overview

We are a global provider of information technology (“IT”) hardware, software and services solutions to businesses and public sector institutions in North America, Europe, the Middle East, Africa (“EMEA”) and Asia-Pacific (“APAC”). Currently, our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are almost entirely software and select software-related services.

Consolidated net sales decreased 5% to $1.2 billion in the three months ended March 31, 2013, a decrease of $62.6 million compared to the three months ended March 31, 2012. Consolidated gross profit declined 7% year to year to $158.1 million, with gross margin declining 30 basis points year to year to 13.4%. These first quarter results were primarily driven by (1) lower revenues in North America, and (2) a decrease in gross margin of approximately 190 basis points in EMEA. Our first quarter financial results were weaker than expected as we continued to experience lower volume in the large enterprise space in North America, which significantly impacted our financial performance during the quarter. While EMEA grew top line revenue, gross margin declined due to changes in client sales mix and the mix of hardware, software and services net sales in the quarter. The decrease in gross profit more than offset a year to year decrease in selling and administrative expenses of 2%, resulting in a 44% decline in earnings from operations during the first quarter of 2013 compared to the first quarter of 2012. On a consolidated basis, we reported earnings from operations of $14.4 million, net earnings of $9.1 million and diluted earnings per share of $0.20 for the first quarter of 2013. This compares to earnings from operations of $25.6 million, net earnings of $17.4 million and diluted earnings per share of $0.39 for the first quarter of 2012.

Our consolidated results of operations for the first quarter of 2013 include $2.7 million, $1.9 million net of tax, of severance expense, compared to $1.4 million, $921,000 net of tax, recorded during the first quarter of 2012.

Net of tax amounts were computed using the statutory tax rate for the taxing jurisdictions in the operating segment in which the related expenses were recorded.

Details about segment results of operations can be found in Note 11 to the Consolidated Financial Statements in Part I, Item 1 of this report.

Our discussion and analysis of financial condition and results of operations is intended to assist in the understanding of our consolidated financial statements, the changes in certain key items in those consolidated financial statements from period to period and the primary factors that contributed to those changes, as well as how certain critical accounting estimates affect our consolidated financial statements.

Critical Accounting Estimates

Our consolidated financial statements have been prepared in accordance with United States generally accepted accounting principles (“GAAP”). For a summary of significant accounting policies, see Note 1 to the Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2012. The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, net sales and expenses. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results, however, may differ from estimates we have made. Members of our senior management have discussed the critical accounting estimates and related disclosures with the Audit Committee of our Board of Directors.

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

There have been no changes to the items disclosed as critical accounting estimates in “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2012.

Results of Operations

The following table sets forth for the periods presented certain financial data as a percentage of net sales for the three months ended March 31, 2013 and 2012:

	Three Months Ended March  31,
	2013			2012
Net sales		100.0	%		100.0	%
Costs of goods sold		86.6			86.3
Gross profit		13.4			13.7
Selling and administrative expenses		11.9			11.5
Severance and restructuring expenses		0.3			0.1
Earnings from operations		1.2			2.1
Non-operating expense (income), net		0.1			(0.1	)
Earnings before income taxes		1.1			2.2
Income tax expense		0.3			0.8
Net earnings		0.8	%		1.4	%

We experience certain seasonal trends in our sales of IT hardware, software and services. Software sales are typically higher in our second and fourth quarters, particularly the second quarter; business clients, particularly larger enterprise businesses in the U.S., tend to spend more in our fourth quarter as they utilize their remaining capital budget authorizations, and less in the first quarter; sales to the federal government in the U.S. are often stronger in our third quarter, while sales in the state and local government and education markets are stronger in our second quarter; and sales to public sector clients in the United Kingdom are often stronger in our first quarter. These trends create overall seasonality in our consolidated results such that sales and profitability are expected to be higher in the second and fourth quarters of the year.

Throughout this “Results of Operations” section of “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” we refer to changes in net sales, gross profit and selling and administrative expenses in EMEA and APAC excluding the effects of foreign currency movements. In computing these change amounts and percentages, we compare the current period amount as translated into U.S. dollars under the applicable accounting standards to the prior period amount in local currency translated into U.S. dollars utilizing the average translation rate for the current period.

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

Net Sales. Net sales for the three months ended March 31, 2013 decreased 5% compared to the three months ended March 31, 2012. Our net sales by operating segment were as follows (dollars in thousands):

	Three Months Ended March 31,				%
	2013		2012		Change
North America	$	747,004	$	856,327		(13	%)
EMEA		386,911		348,834		11	%
APAC		47,707		39,021		22	%
Consolidated	$	1,181,622	$	1,244,182		(5	%)

Net sales in North America decreased 13%, or $109.3 million, for the three months ended March 31, 2013 compared to the three months ended March 31, 2012. Net sales of hardware, software and services decreased 12%, 17%, and 1%, respectively, from the prior year period. Hardware and software sales comparisons reflect a lower volume of sales, primarily to large enterprise clients, during the current quarter. Additionally, we saw a higher mix of software maintenance sales this year compared to last year, which were recorded net of related costs within the net sales line item in our financial statements.

Net sales in EMEA increased 11%, or $38.1 million, in U.S. dollars, for the three months ended March 31, 2013 compared to the three months ended March 31, 2012. Excluding the effects of foreign currency movements, net sales increased 12% compared to the first quarter of last year. Net sales of software and services increased 22% and 32%, respectively, year over year, while net sales of hardware declined 4% year to year, all in U.S. dollars. Excluding the effects of foreign currency movements, software and services net sales increased 22% and 33%, respectively, while net sales of hardware declined 3% compared to the first quarter of 2012. The decrease in hardware net sales was due primarily to reduced volume in sales to mid-market clients. The increase in software net sales was due primarily to higher volume with existing clients, primarily large enterprise clients. The increase in net sales of services was due primarily to higher volume and new client engagements.

Net sales in APAC increased 22%, or $8.7 million, in U.S. dollars, for the three months ended March 31, 2013, compared to the three months ended March 31, 2012. Excluding the effects of foreign currency movements, net sales increased 24% compared to the first quarter of last year. The increase primarily resulted from higher volume with new and existing clients and a higher percentage of software sales being recognized on a gross basis in the first quarter of 2013 compared to the first quarter of 2012.

Currently, our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are almost entirely software and select software-related services.

The percentage of net sales by category for North America, EMEA and APAC were as follows for the three months ended March 31, 2013 and 2012:

	North America						EMEA						APAC
	Three Months Ended March  31,						Three Months Ended March  31,						Three Months Ended March  31,
Sales Mix	2013			2012			2013			2012			2013			2012
Hardware		63	%		63	%		37	%		42	%		2	%		3	%
Software		30	%		31	%		61	%		56	%		95	%		93	%
Services		7	%		6	%		2	%		2	%		3	%		4	%
		100	%		100	%		100	%		100	%		100	%		100	%

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

Gross Profit. Gross profit for the three months ended March 31, 2013 decreased 7% compared to the three months ended March 31, 2012, with gross margin decreasing 30 basis points to 13.4% for the three months ended March 31, 2013 compared to 13.7% for the three months ended March 31, 2012. Our gross profit and gross profit as a percentage of net sales by operating segment were as follows (dollars in thousands):

	Three Months Ended March 31,
	2013		% of Net Sales			2012		% of Net Sales
North America	$	102,527		13.7	%	$	113,636		13.3	%
EMEA		48,610		12.6	%		50,414		14.5	%
APAC		7,000		14.7	%		6,322		16.2	%
Consolidated	$	158,137		13.4	%	$	170,372		13.7	%

North America’s gross profit for the three months ended March 31, 2013 decreased 10% compared to the three months ended March 31, 2012. As a percentage of net sales, gross margin increased to 13.7% from 13.3% year over year, due primarily to a 36 basis point increase in margin from a higher mix of agency fees for enterprise software agreements and a 29 basis point improvement in margin generated by services due to a higher mix of services sales in the three months ended March 31, 2013, which are generally transacted at higher gross margins. These increases in gross margin were partially offset by a 23 basis point decrease in product margin, which includes vendor funding and freight, due to lower sales volume of hardware products year to year.

EMEA’s gross profit decreased 4% in U.S. dollars for the three months ended March 31, 2013 compared to the three months ended March 31, 2012. Excluding the effects of foreign currency movements, gross profit was down 3% compared to the first quarter of last year. As a percentage of net sales, gross margin decreased approximately 190 basis points to 12.6% from 14.5% year to year, due primarily to a decrease in product margin, which includes vendor funding and freight, of 180 basis points, primarily driven by changes in client sales mix, including a decline in hardware sales to mid-market clients, and a reduction in partner funding as a result of program changes year to year. Additionally, gross margin was negatively affected by 9 basis points as a result of a lower mix of agency fees for enterprise software agreements, which also resulted from a reduction in partner funding based on program changes year to year.

APAC’s gross profit increased 11% for the three months ended March 31, 2013 compared to the three months ended March 31, 2012. Excluding the effects of foreign currency movements, gross profit increased 12% compared to the first quarter of last year. As a percentage of net sales, gross margin decreased to 14.7% from 16.2% year to year, due primarily to a higher percentage of software sales being recognized on a gross basis in the first quarter of 2013 compared to the first quarter of 2012.

Operating Expenses.

Selling and Administrative Expenses. Selling and administrative expenses decreased $2.4 million, or 2%, for the three months ended March 31, 2013 compared to the three months ended March 31, 2012. Our selling and administrative expenses as a percent of net sales by operating segment were as follows (dollars in thousands):

	Three Months Ended March 31,
	2013		% of Net Sales			2012		% of Net Sales
North America	$	89,196		11.9	%	$	91,984		10.7	%
EMEA		45,756		11.8	%		45,392		13.0	%
APAC		6,036		12.7	%		6,018		15.4	%
Consolidated	$	140,988		11.9	%	$	143,394		11.5	%

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

North America’s selling and administrative expenses decreased 3%, or $2.8 million, for the three months ended March 31, 2013 compared to the three months ended March 31, 2012 and, as a percentage of net sales, increased 120 basis points to 11.9%. The decrease in selling and administrative expenses is primarily due to a decline in variable compensation as a result of the decline in net sales and gross profit year to year. Although we continued our focus on controlling selling and administrative expenses, fixed selling and administrative costs increased as a percentage of net sales in North America during the three months ended March 31, 2013 due to the decrease in net sales.

EMEA’s selling and administrative expenses remained relatively flat, increasing $364,000 for the three months ended March 31, 2013 compared to the three months ended March 31, 2012 and decreased approximately 120 basis points year to year as a percent of net sales to 11.8%. Excluding the effects of foreign currency movements, selling and administrative expenses increased 1% compared to the first quarter of last year. The year over year increase was primarily driven by increases in salaries and benefits due to the addition of Inmac teammates for an additional month in the first quarter of 2013 compared to the prior year period, offset partially by the benefits of cost reduction initiatives implemented in late 2012.

APAC’s selling and administrative expenses remained flat at $6.0 million for both the three months ended March 31, 2013 and 2012, decreasing year to year as a percent of net sales by approximately 270 basis points to 12.7%. The decrease as a percentage of net sales year to year was primarily driven by current period top line revenue growth.

Severance and Restructuring Expenses. During the three months ended March 31, 2013, North America and EMEA recorded severance expense, net of adjustments, of approximately $1.1 million and $1.7 million, respectively, related to certain restructuring activities. The charges were related to the elimination of certain positions as part of a re-alignment of roles and responsibilities. Comparatively, during the three months ended March 31, 2012, North America and EMEA recorded severance expense, net of adjustments, of $489,000 and $885,000, respectively.

Non-Operating (Income) Expense.

Interest Income. Interest income for the three months ended March 31, 2013 and 2012 was generated through cash equivalent short-term investments. The decrease in interest income year to year is primarily due to lower average invested cash balances during the three months ended March 31, 2013.

Interest Expense. Interest expense for the three months ended March 31, 2013 and 2012 primarily relates to borrowings under our financing facilities and capital lease obligation and imputed interest under our inventory financing facility. Interest expense for the three months ended March 31, 2013 increased 4%, or $60,000, compared to the three months ended March 31, 2012. The increase was due primarily to lower capitalized interest on internally developed software year to year as our IT system upgrade projects are nearing completion. Imputed interest under our inventory financing facility was $602,000 for the three months ended March 31, 2013, compared to $437,000 for the three months ended March 31, 2012, due to higher average balances and higher interest rates. For a description of our various financing facilities, see Note 3 to our Consolidated Financial Statements in Part I, Item 1 of this report.

Gain on Bargain Purchase. Our EMEA operating segment reported a non-operating gain on bargain purchase of $2.0 million during the first quarter of 2012 as the fair value of the net assets acquired exceeded the purchase price paid by the Company for Inmac.

Net Foreign Currency Exchange Gains/Losses. These gains/losses result from foreign currency transactions, including gains/losses on foreign currency derivative contracts and intercompany balances that are not considered long-term in nature. The change in net foreign currency exchange gains/losses is due primarily to the underlying changes in the applicable exchange rates, mitigated by our use of foreign exchange forward contracts to hedge certain non-functional currency assets and liabilities against changes in exchange rate movements.

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

Other Expense, Net. Other expense, net, consists primarily of bank fees associated with our cash management activities.

Income Tax Expense. Our effective tax rate for the three months ended March 31, 2013 was 27.8% compared to 35.6% for the three months ended March 31, 2012. Our effective tax rate declined year to year due to the relative effects of discrete items recognized in each period. The effective tax rate for the three months ended March 31, 2013 included the recognition of certain tax benefits related to the re-measurement or settlement of specific uncertain tax positions during the quarter, which decreased the current year rate.

Liquidity and Capital Resources

The following table sets forth certain consolidated cash flow information for the three months ended March 31, 2013 and 2012 (in thousands):

	Three Months Ended March 31,
	2013			2012
Net cash provided by (used in) operating activities	$	16,283		$	(20,440	)
Net cash used in investing activities		(5,670	)		(11,654	)
Net cash (used in) provided by financing activities		(6,933	)		32,345
Foreign currency exchange effect on cash flows		(3,473	)		4,022
Increase in cash and cash equivalents		207			4,273
Cash and cash equivalents at beginning of period		152,119			128,336
Cash and cash equivalents at end of period	$	152,326		$	132,609

Cash and Cash Flow

Our primary uses of cash during the three months ended March 31, 2013 were to fund working capital requirements, capital expenditures and repurchases of our common stock. Operating activities in the three months ended March 31, 2013 provided $16.3 million in cash, compared to using $20.4 million during the three months ended March 31, 2012, as the decrease in sales during the three months ended March 31, 2013 resulted in a lower use of working capital during the current year period. We had net combined repayments on our long-term debt under our senior revolving credit facility and our accounts receivable securitization financing facility of $19.0 million and net borrowings under our inventory financing facility of $21.3 million during the three months ended March 31, 2013. Capital expenditures were $5.7 million for the three months ended March 31, 2013, a 28% decrease from the three months ended March 31, 2012, as our IT system upgrade projects are nearing completion. Cash flows for the three months ended March 31, 2013 were negatively affected by $3.5 million as a result of foreign currency exchange rates, whereas cash flows benefited $4.0 million in the three months ended March 31, 2012 from foreign currency exchange rates.

Net cash provided by (used in) operating activities. Cash flow from operations for the three months ended March 31, 2013 and 2012 reflect our net earnings, adjusted for non-cash items such as depreciation, amortization, stock-based compensation expense, gain on bargain purchase and write-offs and write-downs of assets, as well as changes in accounts receivable, accounts payable and other current assets. In both periods, the decreases in accounts receivable and accounts payable can be primarily attributed to the seasonal decrease in net sales, resulting in lower accounts receivable and accounts payable balances as of March 31, compared to December 31. For the 2013 period, the increase in other current assets can be primarily attributed to an overpayment of income taxes resulting in a receivable balance at March 31, 2013 and to the timing of the payment of certain prepaid expenses. For the 2012 period, the decreases in accrued expenses and other liabilities was primarily attributed to decreases in sales taxes payable and accrued payroll as of March 31, compared to December 31, due to the timing of related payments.

20

INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

Our consolidated cash flow operating metrics for the quarters ended March 31, 2013 and 2012 were as follows:

	2013			2012
Days sales outstanding in ending accounts receivable (“DSOs”) (a)		82			80
Days inventory outstanding (“DIOs”) (b)		9			10
Days purchases outstanding in ending accounts payable (“DPOs”) (c)		(66	)		(64	)
Cash conversion cycle (days) (d)		25			26

(a) Calculated as the balance of accounts receivable, net at the end of the period divided by daily net sales. Daily net sales is calculated as net sales for the quarter divided by 90 days in 2013 and 91 days in 2012.

(b) Calculated as average inventories divided by daily costs of goods sold. Average inventories is calculated as the sum of the balances of inventories at the beginning of the quarter plus inventories at the end of the quarter divided by two. Daily costs of goods sold is calculated as costs of goods sold for the quarter divided by 90 days in 2013 and 91 days in 2012.

(c) Calculated as the balances of accounts payable, which includes the inventory financing facility, at the end of the period divided by daily costs of goods sold. Daily costs of goods sold is calculated as costs of goods sold for the quarter divided by 90 days in 2013 and 91 days in 2012.

(d) Calculated as DSOs plus DIOs, less DPOs.

Our cash conversion cycle was 25 days in the quarter ended March 31, 2013 compared to 26 days in the quarter ended March 31, 2012. The year over year increase in DSOs was offset by an increase in DPOs period to period. The decrease in our cash conversion cycle was primarily attributable to the 1 day decrease in DIOs resulting from improvements in inventory management.

We expect that cash flow from operations will be used, at least partially, to fund working capital as we typically pay our partners on average terms that are shorter than the average terms granted to our clients in order to take advantage of supplier discounts. We intend to use cash generated in the remainder of 2013 in excess of working capital needs to pay down our outstanding debt balances, repurchase shares of our common stock and support our capital expenditures for the year. We also intend to use cash to fund potential acquisitions to add select capabilities.

Net cash used in investing activities. Capital expenditures of $5.7 million and $7.8 million for the three months ended March 31, 2013 and 2012, respectively, were primarily related to investments in our IT systems. We expect capital expenditures for the full year 2013 to be between $18.0 million and $22.0 million, primarily for the integration of our IT systems in APAC onto the same platform as our North America operations, continuation of our IT systems upgrade in additional countries in our EMEA segment and other facility and technology related upgrade projects.

During the three months ended March 31, 2012, we acquired Inmac for $3.8 million, net of cash acquired.

Net cash (used in) provided by financing activities. During the three months ended March 31, 2013, we had net combined repayments on our long-term debt under our senior revolving credit facility and ABS facility that decreased our outstanding debt balance by $19.0 million, and we had net borrowings of $21.3 million under our inventory financing facility during the period. During the three months ended March 31, 2012, we had net borrowings on our senior revolving credit facility that increased our outstanding debt balance by $23.5 million, and we had net borrowings of $9.3 million under our inventory financing facility during the quarter. During the three months ended March 31, 2013, we also repurchased $6.9 million of our common stock in open market transactions. These repurchases were part of a program approved by our Board of Directors in February 2013. All shares repurchased were immediately retired.

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

Our consolidated debt balance that can be outstanding at the end of any fiscal quarter under our revolving facility and our ABS facility is limited by certain financial covenants, particularly a maximum leverage ratio. The maximum leverage ratio is calculated as aggregate debt outstanding divided by the sum of the Company’s trailing twelve month net earnings (loss) plus (i) interest expense, excluding non-cash imputed interest on our inventory financing facility, (ii) income tax expense (benefit), (iii) depreciation and amortization and (iv) non-cash stock-based compensation (“adjusted earnings”). The maximum leverage ratio permitted under the agreements is 2.75 times trailing twelve-month adjusted earnings. We anticipate that we will be in compliance with our maximum leverage ratio requirements over the next four quarters. However, a significant drop in the Company’s adjusted earnings would limit the amount of indebtedness that could be outstanding at the end of any fiscal quarter to a level that would be below the Company’s consolidated maximum debt capacity. Based on the Company’s maximum leverage ratio as of March 31, 2013, the Company’s debt balance that could have been outstanding under our senior revolving facility and our ABS facility was reduced from the maximum borrowing capacity of $550.0 million to $506.9 million, of which $61.0 million was outstanding at March 31, 2013. Our debt balance as of March 31, 2013 was $61.3 million, including our capital lease obligation for certain IT equipment. As of March 31, 2013, the current portion of our long-term debt relates solely to our capital lease obligation.

We anticipate that cash flows from operations, together with the funds available under our financing facilities, will be adequate to support our presently anticipated cash and working capital requirements for operations as well as other strategic investments over the next 12 months.

Cash and cash equivalents held by foreign subsidiaries are generally subject to U.S. income taxation upon repatriation to the U.S. We do not provide for U.S. income taxes on the undistributed earnings of those of our foreign subsidiaries where earnings are reinvested and, in the opinion of management, will continue to be reinvested indefinitely outside of the U.S. As of March 31, 2013, we had approximately $144.1 million in cash and cash equivalents in certain of our foreign subsidiaries where we consider undistributed earnings of these foreign subsidiaries to be permanently reinvested. As of March 31, 2013, the majority of our foreign cash resides in Canada, Australia, the United Kingdom and the Netherlands. Certain of these cash balances could and will be remitted to the U.S. by paying down intercompany payables generated in the ordinary course of business. This repayment would not change our policy to indefinitely reinvest earnings of our foreign subsidiaries. We intend to use undistributed earnings for general business purposes in the foreign jurisdictions as well as to fund our IT systems, potential small acquisitions and various facility upgrades.

Off-Balance Sheet Arrangements

We have entered into off-balance sheet arrangements, which include indemnifications. The indemnifications are discussed in Note 10 to our Consolidated Financial Statements in Part I, Item 1 of this report. We believe that none of our off-balance sheet arrangements have, or are reasonably likely to have, a material current or future effect on our financial condition, results of operations, liquidity, capital expenditures or capital resources.

Recently Issued Accounting Pronouncements

The information contained in Note 1 to our Consolidated Financial Statements in Part I, Item 1 of this report concerning a description of recently issued accounting pronouncements which affect or may affect our financial statements, including our expected dates of adopting and the estimated effects on our results of operations and financial condition, is incorporated by reference herein.

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INSIGHT ENTERPRISES, INC.

MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION

AND RESULTS OF OPERATIONS (continued)

Contractual Obligations

There have been no material changes in our reported contractual obligations, as described under “Contractual Obligations” in “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources” in Part II, Item 7 of our Annual Report on Form 10-K for the year ended December 31, 2012.

23

INSIGHT ENTERPRISES, INC.

Item 3. Quantitative and Qualitative Disclosures About Market Risk.

Other than the change in our open foreign currency forward contracts reflected below, there have been no material changes in our reported market risks, as described in “Quantitative and Qualitative Disclosures About Market Risk” in Part II, Item 7A of our Annual Report on Form 10-K for the year ended December 31, 2012.

As of March 31, 2013, we had no open foreign currency forward contracts.

Item 4. Controls and Procedures.

Evaluation of Disclosure Controls and Procedures

Our Chief Executive Officer and Chief Financial Officer, as of the end of the period covered by this report, evaluated the effectiveness of our disclosure controls and procedures (as such term is defined under Rules 13a-15(e) and 15d-15(e) of the Exchange Act) and determined that as of March 31, 2013, our disclosure controls and procedures were effective to ensure that information required to be disclosed by us in reports that we file or submit under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms and that such information is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

Change in Internal Control over Financial Reporting

We currently have two significant IT systems projects that are in various phases of planning or implementation, one to integrate our IT systems in North America onto a single platform and one to convert all countries in our EMEA operations onto a separate, single platform. We believe these upgraded IT systems will support the growth of the Company and our strategic initiatives. During the first quarter of 2013, we continued to deploy the new system in EMEA, most recently at our former Inmac locations in the Netherlands and Germany. We also continued to integrate our software business onto the North America system. Additionally we began planning and development work to integrate our APAC business onto the same platform used in North America, which we now plan to deploy in APAC in 2014.

We are employing a project management approach and are following a system implementation life cycle process that requires significant pre-implementation planning, design and testing. Our implementations are in phases, and legacy operating and financial information has been, and will be, migrated to these IT systems. Certain processes, controls and procedures have been modified as a result of these IT systems projects.

There was no other change in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) during the quarter ended March 31, 2013 that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

Inherent Limitations of Internal Control Over Financial Reporting

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Projections of any evaluation of effectiveness to future periods are subject to risks that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

Part II – OTHER INFORMATION

Item 1. Legal Proceedings.

For a discussion of legal proceedings, see Note 10 to the Consolidated Financial Statements in Part I, Item 1 of this report.

24

INSIGHT ENTERPRISES, INC.

Item 1A. Risk Factors.

In addition to the other information set forth in this report, you should carefully consider the factors discussed in Part I, Item 1A, “Risk Factors”, in our Annual Report on Form 10-K for the year ended December 31, 2012, which could materially affect our business, financial condition or future results. The risks described in our Annual Report on Form 10-K are not the only risks facing our company. Additional risks and uncertainties not currently known to us or that we currently deem to be immaterial may also materially adversely affect our business, financial condition or operating results.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.

There were no unregistered sales of equity securities during the three months ended March 31, 2013.

We have never paid a cash dividend on our common stock, and our senior revolving credit facility contains restrictions on the payment of cash dividends. We currently intend to reinvest all of our earnings into our business and do not intend to pay any cash dividends in the foreseeable future.

Issuer Purchases of Equity Securities

Period	(a) Total Number of Shares Purchased		(b) Average Price Paid per Share		(c) Total Number of  Shares Purchased as Part of Publicly Announced Plans or Programs		(d) Approximate Dollar Value of  Shares That May Yet be Purchased Under the Plans or Programs
January 1, 2013 through January 31, 2013		—	$	—		—	$	—
February 1, 2013 through February 28, 2013		—		—		—		50,000,000
March 1, 2013 through March 31, 2013		344,971		19.875		344,971		43,144,000
Total		344,971	$	19.875		344,971

On February 14, 2013, we announced that our Board of Directors had authorized the repurchase of up to $50,000,000 of our common stock. There is no stated expiration date for our current share repurchase plan. Any share repurchases may be made on the open market, through block trades, through 10b5-1 plans or otherwise. The amount of shares purchased and the timing of the purchases will be based on working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. All shares repurchased through March 31, 2013 have been retired.

Item 3. Defaults Upon Senior Securities.

None.

Item 4. Mine Safety Disclosures.

None.

Item 5. Other Information.

None.

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INSIGHT ENTERPRISES, INC.

Item 6. Exhibits.

		Incorporated by Reference
Exhibit Number	Exhibit Description	Form		File No.		Exhibit Number		Filing/Effective Date	Filed Herewith
3.1	Composite Certificate of Incorporation of Insight Enterprises, Inc.		10-K		000-25092		3.1	February 17, 2006
3.2	Amended and Restated Bylaws of Insight Enterprises, Inc.		8-K		000-25092		3.1	January 14, 2008
4.1	Specimen Common Stock Certificate		S-1		33-86142		4.1	January 24, 1995
31.1	Certification of Chief Executive Officer Pursuant to Securities Exchange Act Rule 13a-14									X
31.2	Certification of Chief Financial Officer Pursuant to Securities Exchange Act Rule 13a-14									X
32.1	Certification of Chief Executive Officer and Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002									X
101	Interactive data files pursuant to Rule 405 of Regulation S-T(1)									X

⁽¹⁾  In accordance with Rule 406T of Regulation S-T, the information in this exhibit shall not be deemed to be “filed” for purposes of Section 18 of the Exchange Act, or otherwise subject to liability under that section, and shall not be incorporated by reference into any registration statement or other document filed under the Securities Act of 1933, as amended, except as expressly set forth by specific reference in such filing.

26

INSIGHT ENTERPRISES, INC.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Date: May 1, 2013	INSIGHT ENTERPRISES, INC.
		By:	/s/ Kenneth T. Lamneck
			Kenneth T. Lamneck
			President and Chief Executive Officer
			(Duly Authorized Officer)
		By:	/s/ Glynis A. Bryan
			Glynis A. Bryan
			Chief Financial Officer
			(Principal Financial Officer)
		By:	/s/ Dana A. Leighty
			Dana A. Leighty
			Vice President, Finance
			(Principal Accounting Officer)

27

EX-31.1

Exhibit 31.1

INSIGHT ENTERPRISES, INC.

CERTIFICATION

I, Kenneth T. Lamneck, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Insight Enterprises, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 1, 2013

By:	/s/ Kenneth T. Lamneck
	Kenneth T. Lamneck
	Chief Executive Officer

EX-31.2

Exhibit 31.2

INSIGHT ENTERPRISES, INC.

CERTIFICATION

I, Glynis A. Bryan, certify that:

1. I have reviewed this Quarterly Report on Form 10-Q of Insight Enterprises, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;

4. The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

a. Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

b. Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

c. Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

d. Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

a. All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

b. Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

Date: May 1, 2013

By:	/s/ Glynis A. Bryan
	Glynis A. Bryan
	Chief Financial Officer

EX-32.1

Exhibit 32.1

INSIGHT ENTERPRISES, INC.

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Insight Enterprises, Inc. (the “Company”) on Form 10-Q for the quarter ended March 31, 2013 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), we, Kenneth T. Lamneck, Chief Executive Officer of the Company, and Glynis A. Bryan, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as adopted pursuant to §906 of the Sarbanes-Oxley Act of 2002, that to the best of our knowledge:

(1) The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

(2) The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

By:	/s/ Kenneth T. Lamneck
	Kenneth T. Lamneck
	Chief Executive Officer
	May 1, 2013
By:	/s/ Glynis A. Bryan
	Glynis A. Bryan
	Chief Financial Officer
	May 1, 2013

XML

Derivative Financial Instruments - Summary of Effect of Derivative Financial Instruments on Our Results of Operations (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Earnings on Derivatives	$ (401)	$ 448
Foreign exchange forward contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Amount of (Gain) Loss Recognized in Earnings on Derivatives	$ (401)	$ 448

XML

Segment Information - Pre-Tax Depreciation and Amortization for Operating Segment (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Operating Statistics [Line Items]
Depreciation and amortization	$ 10,454	$ 10,182
North America [Member]
Operating Statistics [Line Items]
Depreciation and amortization	8,160	8,085
EMEA [Member]
Operating Statistics [Line Items]
Depreciation and amortization	2,057	1,882
APAC [Member]
Operating Statistics [Line Items]
Depreciation and amortization	$ 237	$ 215

XML

Stock-Based Compensation - Pre-tax Amounts by Operating Segment for Stock-Based Compensation (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 2,090	$ 2,141
North America [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	1,490	1,565
EMEA [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	532	515
APAC [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 68	$ 61

XML

Fair Value Measurements (Tables)

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Summary of Valuation of Financial Instruments

The following table summarizes the valuation of our financial instruments by the following three categories as of March 31, 2013 and December 31, 2012 (in thousands):

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

		March 31, 2013				December 31, 2012
Balance Sheet Classification		Foreign Exchange Derivatives		Non-qualified Deferred Compensation Plan Investments		Foreign Exchange Derivatives		Non-qualified Deferred Compensation Plan Investments
Other current assets	Level 1	$	—	$	1,259	$	—	$	1,240
	Level 2		—		—		8		—
	Level 3		—		—		—		—
		$	—	$	1,259	$	8	$	1,240
Accrued expenses and other current liabilities	Level 1	$	—	$	—	$	—	$	—
	Level 2		—		—		25		—
	Level 3		—		—		—		—
		$	—	$	—	$	25	$	—

XML

Commitments and Contingencies - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013
Commitments And Contingencies Disclosure [Abstract]
Outstanding performance bonds to secure performance under certain contracts or state tax requirements	$ 21,557,000
Minimum months of salary paid as severance	3 months
Maximum months of salary paid as severance	24 months

XML

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Effective tax rate	27.80%	35.60%
United States federal statutory income tax rate	35.00%	35.00%
Unrecognized tax benefits	$ 5,272,000		$ 7,201,000
Unrecognized tax benefits, interest on income taxes accrued	$ 494,000		$ 488,000
Subsidiaries under audit for tax years	2006 through 2011
Period during which examination phase of tax audits may conclude	Next 12 months

XML

Acquisition - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Feb. 29, 2012	Mar. 31, 2012
Business Acquisition [Line Items]
Acquisition, net of cash acquired		$ 3,831,000
Gain on bargain purchase		2,022,000
Inmac [Member]
Business Acquisition [Line Items]
Acquisition, net of cash acquired	3,831,000
Gain on bargain purchase		$ 2,022,000

XML

Debt, Capital Lease Obligation and Inventory Financing Facility

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Debt, Capital Lease Obligation and Inventory Financing Facility

3. Debt, Capital Lease Obligation and Inventory Financing Facility

Debt

Our long-term debt consists of the following (in thousands):

	March 31, 2013			December 31, 2012
Senior revolving credit facility	$	29,000		$	33,000
Accounts receivable securitization financing facility		32,000			47,000
Capital lease obligation		345			602
Total		61,345			80,602
Less: current portion of obligation under capital lease		(345	)		(602	)
Less: current portion of revolving credit facilities		—			—
Long-term debt	$	61,000		$	80,000

Our senior revolving credit facility has a maximum borrowing capacity of $350,000,000. The senior revolving credit facility matures April 26, 2017 and is guaranteed by the Company’s material domestic subsidiaries and is secured by a lien on substantially all of the Company’s and each guarantor’s assets. The balance of $29,000,000 outstanding at March 31, 2013 was borrowed under the prime rate option at 3.25% per annum. As of March 31, 2013, $321,000,000 was available under the senior revolving credit facility.

Our accounts receivable securitization financing facility (the “ABS facility”) has a maximum borrowing capacity of $200,000,000 and matures on April 24, 2015. While the ABS facility has a stated maximum amount, the actual availability under the ABS facility is limited by the quantity and quality of the underlying accounts receivable. Under the ABS facility, the floating interest rate applicable at March 31, 2013 was 1.12% per annum. As of March 31, 2013, qualified receivables were sufficient to permit access to the full $200,000,000 facility amount, of which $32,000,000 was outstanding at March 31, 2013.

Our senior revolving credit facility and ABS facility contain various covenants customary for transactions of this type, including limitations on the payment of dividends and the requirement that we comply with minimum fixed charge and minimum asset coverage ratio levels. If we fail to comply with these covenants, the lenders would be able to demand payment within a specified period of time. At March 31, 2013, we were in compliance with all such covenants.

Our consolidated debt balance that can be outstanding at the end of any fiscal quarter under our senior revolving credit facility and our ABS facility is limited by certain financial covenants, particularly a maximum leverage ratio. The maximum leverage ratio is calculated as aggregate debt outstanding divided by the sum of the Company’s trailing twelve month net earnings (loss) plus (i) interest expense, excluding non-cash imputed interest on our inventory financing facility, (ii) income tax expense (benefit), (iii) depreciation and amortization and (iv) non-cash stock-based compensation (“adjusted earnings”). The maximum leverage ratio permitted under the amended agreements is 2.75 times trailing twelve-month adjusted earnings. A significant drop in the Company’s adjusted earnings would limit the amount of indebtedness that could be outstanding at the end of any fiscal quarter to a level that would be below the Company’s consolidated maximum debt capacity. Based on the Company’s maximum leverage ratio as of March 31, 2013, the Company’s consolidated debt balance that could have been outstanding under our senior revolving credit facility and our ABS facility was reduced from the maximum borrowing capacity of $550,000,000 to $506,931,000, of which $61,000,000 was outstanding at March 31, 2013.

Capital Lease Obligation

The present value of minimum lease payments under our capital lease, which is a current obligation as of March 31, 2013 and December 31, 2012, is included in our debt balances as summarized in the table above.

Inventory Financing Facility

Our inventory financing facility has a maximum borrowing capacity of $200,000,000 and matures on April 26, 2017. As of March 31, 2013 and December 31, 2012, $138,110,000 and $116,833,000, respectively, was included in accounts payable within our consolidated balance sheets related to our inventory financing facility.

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Segment Information - Net Sales by Product or Service Type for North America, EMEA and APAC (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
North America [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	$ 747,004	$ 856,327
North America [Member] | Hardware [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	471,066	534,144
North America [Member] | Software [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	222,371	268,305
North America [Member] | Services [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	53,567	53,878
EMEA [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	386,911	348,834
EMEA [Member] | Hardware [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	141,676	147,806
EMEA [Member] | Software [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	236,390	194,311
EMEA [Member] | Services [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	8,845	6,717
APAC [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	47,707	39,021
APAC [Member] | Hardware [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	834	1,225
APAC [Member] | Software [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	45,190	36,236
APAC [Member] | Services [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	$ 1,683	$ 1,560

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Debt, Capital Lease Obligation and Inventory Financing Facility - Long-Term Debt (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Debt Disclosure [Abstract]
Senior revolving credit facility	$ 29,000	$ 33,000
Accounts receivable securitization financing facility	32,000	47,000
Capital lease obligation	345	602
Total	61,345	80,602
Less: current portion of obligation under capital lease	(345)	(602)
Less: current portion of revolving credit facilities
Long-term debt	$ 61,000	$ 80,000

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Net Earnings Per Share ("EPS") - Additional Information (Detail) (Restricted stock units (RSUs) [Member])	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Restricted stock units (RSUs) [Member]
Reconciliation Of Basic Weighted Average Shares To Diluted Weighted Average Shares [Line Items]
Weighted-average outstanding restricted stock units excluded in the diluted EPS calculations	184,000	192,000

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Segment Information - Financial Information about Reportable Operating Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Operating Statistics [Line Items]
Net sales	$ 1,181,622	$ 1,244,182
Costs of goods sold	1,023,485	1,073,810
Gross profit	158,137	170,372
Selling and administrative expenses	140,988	143,394
Severance and restructuring expenses	2,732	1,374
Earnings from operations	14,417	25,604
Total assets	2,146,135	2,068,994
North America [Member]
Operating Statistics [Line Items]
Net sales	747,004	856,327
Costs of goods sold	644,477	742,691
Gross profit	102,527	113,636
Selling and administrative expenses	89,196	91,984
Severance and restructuring expenses	1,057	489
Earnings from operations	12,274	21,163
Total assets	1,511,362	1,493,061
EMEA [Member]
Operating Statistics [Line Items]
Net sales	386,911	348,834
Costs of goods sold	338,301	298,420
Gross profit	48,610	50,414
Selling and administrative expenses	45,756	45,392
Severance and restructuring expenses	1,675	885
Earnings from operations	1,179	4,137
Total assets	526,602	482,644
APAC [Member]
Operating Statistics [Line Items]
Net sales	47,707	39,021
Costs of goods sold	40,707	32,699
Gross profit	7,000	6,322
Selling and administrative expenses	6,036	6,018
Severance and restructuring expenses
Earnings from operations	964	304
Total assets	$ 108,171	$ 93,289

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Debt, Capital Lease Obligation and Inventory Financing Facility - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Outstanding borrowing	$ 29,000,000	$ 33,000,000
Accounts receivable securitization financing facility	32,000,000	47,000,000
Covenants compliance	At March 31, 2013, we were in compliance with all such covenants.
Maximum leverage ratio time adjusted earnings	2.75
Maximum combined borrowing capacity under senior revolving credit facility and ABS facility, accessible	506,931,000
Maximum combined borrowing capacity under senior revolving credit facility and ABS facility	550,000,000
Long-term debt	61,000,000	80,000,000
Inventory financing facility maximum borrowing capacity	200,000,000
Inventory financing facility maturity date	Apr. 26, 2017
Inventory financing facility	138,110,000	116,833,000
ABS Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	200,000,000
Prime rate	1.12%
Maturity date	Apr. 24, 2015
Amount of facility permitted by qualified receivables	200,000,000
Accounts receivable securitization financing facility	32,000,000
Senior revolving credit facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	350,000,000
Outstanding borrowing	29,000,000
Prime rate	3.25%
Borrowing capacity available	$ 321,000,000
Maturity date	Apr. 26, 2017

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Severance and Restructuring Activities - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Restructuring Cost and Reserve [Line Items]
Adjustments	$ 72
2012 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Adjustments	72
2013 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense	2,660
North America [Member] | 2012 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense		3,022
Adjustments
North America [Member] | 2013 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense	1,057
EMEA [Member] | 2012 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense		3,973
Adjustments	72
EMEA [Member] | 2013 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance expense	$ 1,603

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Net Earnings Per Share ("EPS")

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Net Earnings Per Share ("EPS")

2. Net Earnings Per Share (“EPS”)

Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and restricted stock units. A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):

	Three Months Ended March 31,
	2013		2012
Numerator:
Net earnings	$	9,076	$	17,392
Denominator:
Weighted average shares used to compute basic EPS		44,670		44,150
Dilutive potential common shares due to dilutive options and restricted stock units, net of tax effect		393		604
Weighted average shares used to compute diluted EPS		45,063		44,754
Net earnings per share:
Basic	$	0.20	$	0.39
Diluted	$	0.20	$	0.39

For the three months ended March 31, 2013 and 2012, 184,000 and 192,000, respectively, of our restricted stock units were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive.

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Severance and Restructuring Activities - 2013 Activity and Outstanding Obligation Related to Resource Actions (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended	12 Months Ended
	Mar. 31, 2013	Dec. 31, 2012
Restructuring Cost and Reserve [Line Items]
Adjustments	$ 72
2013 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	2,660
Foreign currency translation adjustments	(16)
Cash payments	(185)
Balance at March 31, 2013	2,459
2012 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	2,640
Foreign currency translation adjustments	(45)
Adjustments	72
Cash payments	(440)
Balance at March 31, 2013	2,227
North America [Member] | 2013 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	1,057
Foreign currency translation adjustments
Cash payments	(154)
Balance at March 31, 2013	903
North America [Member] | 2012 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	1,249
Severance costs		3,022
Foreign currency translation adjustments
Adjustments
Cash payments	(373)
Balance at March 31, 2013	876	1,249
EMEA [Member] | 2013 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs	1,603
Foreign currency translation adjustments	(16)
Cash payments	(31)
Balance at March 31, 2013	1,556
EMEA [Member] | 2012 Resource Actions [Member]
Restructuring Cost and Reserve [Line Items]
Balance at December 31, 2012	1,391
Severance costs		3,973
Foreign currency translation adjustments	(45)
Adjustments	72
Cash payments	(67)
Balance at March 31, 2013	$ 1,351	$ 1,391

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Fair Value Measurements - Summary of Valuation of Financial Instruments (Detail) (Non-qualified Deferred Compensation Plan Investments [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Other current assets [Member]
Fair Value [Line Items]
Asset derivatives fair value		$ 8
Non-qualified deferred compensation plan investments	1,259	1,240
Other current assets [Member] | Level 1 [Member]
Fair Value [Line Items]
Asset derivatives fair value
Non-qualified deferred compensation plan investments	1,259	1,240
Other current assets [Member] | Level 2 [Member]
Fair Value [Line Items]
Asset derivatives fair value		8
Non-qualified deferred compensation plan investments
Other current assets [Member] | Level 3 [Member]
Fair Value [Line Items]
Asset derivatives fair value
Non-qualified deferred compensation plan investments
Accrued expenses and other current liabilities [Member]
Fair Value [Line Items]
Non-qualified deferred compensation plan investments
Liability derivatives fair value		25
Accrued expenses and other current liabilities [Member] | Level 1 [Member]
Fair Value [Line Items]
Non-qualified deferred compensation plan investments
Liability derivatives fair value
Accrued expenses and other current liabilities [Member] | Level 2 [Member]
Fair Value [Line Items]
Non-qualified deferred compensation plan investments
Liability derivatives fair value		25
Accrued expenses and other current liabilities [Member] | Level 3 [Member]
Fair Value [Line Items]
Non-qualified deferred compensation plan investments
Liability derivatives fair value

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CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Current assets:
Cash and cash equivalents	$ 152,326	$ 152,119
Accounts receivable, net of allowance for doubtful accounts of $19,200 and $18,905, respectively	1,081,979	1,371,356
Inventories	97,820	100,896
Inventories not available for sale	29,307	31,249
Deferred income taxes	16,343	16,387
Other current assets	46,319	29,543
Total current assets	1,424,094	1,701,550
Property and equipment, net of accumulated depreciation of $225,649 and $226,684, respectively	139,846	143,513
Goodwill	26,257	26,257
Intangible assets, net of accumulated amortization of $69,286 and $67,092, respectively	44,069	47,405
Deferred income taxes	62,415	64,013
Other assets	24,419	18,765
Total assets	1,721,100	2,001,503
Current liabilities:
Accounts payable	744,899	982,611
Accrued expenses and other current liabilities	142,086	158,621
Current portion of long-term debt	345	602
Deferred revenue	35,838	40,287
Total current liabilities	923,168	1,182,121
Long-term debt	61,000	80,000
Deferred income taxes	1,988	2,312
Other liabilities	35,904	31,779
Total liabilities	1,022,060	1,296,212
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued
Common stock, $0.01 par value, 100,000 shares authorized; 44,587 shares at March 31, 2013 and 44,594 shares at December 31, 2012 issued and outstanding	446	446
Additional paid-in capital	366,281	369,300
Retained earnings	320,968	315,888
Accumulated other comprehensive income - foreign currency translation adjustments	11,345	19,657
Total stockholders' equity	699,040	705,291
Total liabilities and stockholders' equity	$ 1,721,100	$ 2,001,503

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Segment Information - Financial Information about Reportable Operating Segments (Parenthetical) (Detail) (USD $)	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2013 Corporate assets and intercompany eliminations [Member]	Mar. 31, 2012 Corporate assets and intercompany eliminations [Member]
Operating Statistics [Line Items]
Total assets	$ 1,721,100,000	$ 2,001,503,000	$ 425,035,000	$ 318,290,000

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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net earnings	$ 9,076	$ 17,392
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	10,454	10,182
Provision for losses on accounts receivable	1,292	717
Write-downs of inventories	1,039	857
Write-off of property and equipment	51
Non-cash stock-based compensation	2,090	2,141
Gain on bargain purchase		(2,022)
Excess tax benefit from employee gains on stock-based compensation	(717)	(1,893)
Deferred income taxes	1,304	2,762
Changes in assets and liabilities:
Decrease in accounts receivable	272,163	138,608
Decrease (increase) in inventories	2,941	(1,436)
Increase in other current assets	(17,137)	(1,637)
(Increase) decrease in other assets	(5,742)	925
Decrease in accounts payable	(247,725)	(157,051)
(Decrease) increase in deferred revenue	(4,575)	8,644
Decrease in accrued expenses and other liabilities	(8,231)	(38,629)
Net cash provided by (used in) operating activities	16,283	(20,440)
Cash flows from investing activities:
Acquisition, net of cash acquired		(3,831)
Purchases of property and equipment	(5,670)	(7,823)
Net cash used in investing activities	(5,670)	(11,654)
Cash flows from financing activities:
Borrowings on senior revolving credit facility	326,535	418,000
Repayments on senior revolving credit facility	(330,535)	(394,500)
Borrowings on accounts receivable securitization financing facility	213,000	50,000
Repayments on accounts receivable securitization financing facility	(228,000)	(50,000)
Payments on capital lease obligation	(257)	(253)
Net borrowings under inventory financing facility	21,277	9,316
Proceeds from sales of common stock under employee stock plans		889
Excess tax benefit from employee gains on stock-based compensation	717	1,893
Payment of payroll taxes on stock-based compensation through shares withheld	(2,814)	(3,000)
Repurchases of common stock	(6,856)
Net cash (used in) provided by financing activities	(6,933)	32,345
Foreign currency exchange effect on cash flows	(3,473)	4,022
Increase in cash and cash equivalents	207	4,273
Cash and cash equivalents at beginning of period	152,119	128,336
Cash and cash equivalents at end of period	$ 152,326	$ 132,609

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Stock-Based Compensation - Summary of Restricted Stock Units (Detail) (Restricted stock units (RSUs) [Member], USD $)	3 Months Ended
	Mar. 31, 2013
Restricted stock units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Number, Beginning balance	1,162,231
Number, Granted	472,268
Number, Vested, including shares withheld to cover taxes	(477,680)
Number, Forfeited	(33,815)
Nonvested Number, Ending balance	1,123,004
Number, Expected to vest	1,206,874
Nonvested Weighted Average Grant Date Fair Value, Beginning balance	$ 17.66
Weighted Average Grant Date Fair Value, Granted	$ 20.50
Weighted Average Grant Date Fair Value, Vested, including shares withheld to cover taxes	$ 16.11
Weighted Average Grant Date Fair Value, Forfeited	$ 20.27
Nonvested Weighted Average Grant Date Fair Value, Ending balance	$ 19.44
Fair Value, Vested, including shares withheld to cover taxes	$ 9,656,445
Fair Value, Nonvested at the ending of period	23,156,342
Fair Value, Expected to vest	$ 22,636,698

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Severance and Restructuring Activities (Tables)

3 Months Ended

Mar. 31, 2013

2013 Resource Actions [Member]

Activity and Outstanding Obligation Related to Resource Actions

The following table details the 2013 activity and the outstanding obligation related to the 2013 resource actions as of March 31, 2013 (in thousands):

	North America			EMEA			Consolidated
Severance costs	$	1,057		$	1,603		$	2,660
Foreign currency translation adjustments		—			(16	)		(16	)
Cash payments		(154	)		(31	)		(185	)
Balance at March 31, 2013	$	903		$	1,556		$	2,459

2012 Resource Actions [Member]

Activity and Outstanding Obligation Related to Resource Actions

The following table details the 2013 activity and the outstanding obligation related to the 2012 resource actions as of March 31, 2013 (in thousands):

	North America			EMEA			Consolidated
Balance at December 31, 2012	$	1,249		$	1,391		$	2,640
Foreign currency translation adjustments		—			(45	)		(45	)
Adjustments		—			72			72
Cash payments		(373	)		(67	)		(440	)
Balance at March 31, 2013	$	876		$	1,351		$	2,227

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Stock-Based Compensation - Summary of Restricted Stock Units (Parenthetical) (Detail) (Restricted stock units (RSUs) [Member], USD $)	Mar. 28, 2013
Restricted stock units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price	$ 20.62

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Derivative Financial Instruments (Tables)

3 Months Ended

Mar. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Summary of Derivative Financial Instruments

The following table summarizes our derivative financial instruments as of March 31, 2013 and December 31, 2012 (in thousands):

		March 31, 2013				December 31, 2012
	Balance Sheet Location	Asset Derivatives Fair Value		Liability Derivatives Fair Value		Asset Derivatives Fair Value		Liability Derivatives Fair Value
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Other current assets	$	—	$	—	$	8	$	—
Foreign exchange forward contracts	Accrued expenses and other current liabilities		—		—		—		25
Total derivatives not designated as hedging instruments		$	—	$	—	$	8	$	25

Summary of Effect of Derivative Financial Instruments on Our Results of Operations

The following table summarizes the effect of our derivative financial instruments on our results of operations during the three months ended March 31, 2013 and 2012 (in thousands):

Derivatives Not Designated as Hedging Instruments	Location of (Gain) Loss Recognized in Earnings on Derivatives	Amount of (Gain) Loss Recognized in Earnings on Derivatives
		Three Months Ended			Three Months Ended
		March 31, 2013			March 31, 2012
Foreign exchange forward contracts	Net foreign currency exchange (gain) loss	$	(401	)	$	448
Total		$	(401	)	$	448

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Basis of Presentation and Recently Issued Accounting Pronouncements

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Basis of Presentation and Recently Issued Accounting Pronouncements

1. Basis of Presentation and Recently Issued Accounting Pronouncements

We are a leading provider of information technology (“IT”) solutions to businesses and public sector clients in North America, Europe, the Middle East, Africa and Asia-Pacific. The Company is organized in the following three operating segments, which are primarily defined by their related geographies:

Operating Segment	Geography
North America	United States and Canada
EMEA	Europe, Middle East and Africa
APAC	Asia-Pacific

Currently, our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are almost entirely software and select software-related services.

In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of March 31, 2013 and our results of operations and cash flows for the three months ended March 31, 2013 and 2012. The consolidated balance sheet as of December 31, 2012 was derived from the audited consolidated balance sheet at such date. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with the rules and regulations promulgated by the Securities and Exchange Commission (“SEC”) and consequently do not include all of the disclosures normally required by United States generally accepted accounting principles (“GAAP”).

The results of operations for such interim periods are not necessarily indicative of results for the full year, due in part to the seasonal nature of the business. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes thereto, in our Annual Report on Form 10-K for the year ended December 31, 2012.

The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Additionally, these estimates and assumptions affect the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to sales recognition, anticipated achievement levels under partner funding programs, assumptions related to stock-based compensation valuation, allowances for doubtful accounts, valuation of inventories, litigation-related obligations, valuation allowances for deferred tax assets and impairment of long-lived assets, including purchased intangibles and goodwill, if indicators of potential impairment exist.

The consolidated financial statements include the accounts of Insight Enterprises, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. References to “the Company,” “Insight,” “we,” “us,” “our” and other similar words refer to Insight Enterprises, Inc. and its consolidated subsidiaries, unless the context suggests otherwise.

Recently Issued Accounting Pronouncements

There have been no material changes or additions to the recently issued accounting pronouncements as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2012 that affect or may affect our financial statements.

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CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $) In Thousands, except Share data, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 19,200	$ 18,905
Accumulated depreciation of property and equipment	225,649	226,684
Accumulated amortization of intangible assets	$ 69,286	$ 67,092
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000	3,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	44,587	44,594
Common stock, shares outstanding	44,587	44,594

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Segment Information

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Segment Information

11. Segment Information

We operate in three reportable geographic operating segments: North America; EMEA; and APAC. Currently, our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are almost entirely software and select software-related services. Net sales by product or service type for North America, EMEA and APAC were as follows for the three months ended March 31, 2013 and 2012 (in thousands):

	North America				EMEA				APAC
	Three Months Ended March 31,				Three Months Ended March 31,				Three Months Ended March 31,
Sales Mix	2013		2012		2013		2012		2013		2012
Hardware	$	471,066	$	534,144	$	141,676	$	147,806	$	834	$	1,225
Software		222,371		268,305		236,390		194,311		45,190		36,236
Services		53,567		53,878		8,845		6,717		1,683		1,560
	$	747,004	$	856,327	$	386,911	$	348,834	$	47,707	$	39,021

All significant intercompany transactions are eliminated upon consolidation, and there are no differences between the accounting policies used to measure profit and loss for our segments and on a consolidated basis. Net sales are defined as net sales to external clients. None of our clients exceeded 10% of consolidated net sales for the three months ended March 31, 2013.

A portion of our operating segments’ selling and administrative expenses arise from shared services and infrastructure that we provide to them in order to realize economies of scale. These expenses, collectively identified as corporate charges, include senior management expenses, internal audit, legal, tax, insurance services, treasury and other corporate infrastructure expenses. Charges are allocated to our operating segments, and the allocations have been determined on a basis that we considered to be a reasonable reflection of the utilization of services provided to or benefits received by the operating segments.

The tables below present information about our reportable operating segments as of and for the three months ended March 31, 2013 and 2012 (in thousands):

	Three Months Ended March 31, 2013
	North America		EMEA		APAC		Consolidated
Net sales	$	747,004	$	386,911	$	47,707	$	1,181,622
Costs of goods sold		644,477		338,301		40,707		1,023,485
Gross profit		102,527		48,610		7,000		158,137
Operating expenses:
Selling and administrative expenses		89,196		45,756		6,036		140,988
Severance and restructuring expenses		1,057		1,675		—		2,732
Earnings from operations	$	12,274	$	1,179	$	964	$	14,417
Total assets at period end	$	1,511,362	$	526,602	$	108,171	$	2,146,135	*

* Consolidated total assets do not reflect the net effect of corporate assets and intercompany eliminations of $425,035,000.

	Three Months Ended March 31, 2012
	North America		EMEA		APAC		Consolidated
Net sales	$	856,327	$	348,834	$	39,021	$	1,244,182
Costs of goods sold		742,691		298,420		32,699		1,073,810
Gross profit		113,636		50,414		6,322		170,372
Operating expenses:
Selling and administrative expenses		91,984		45,392		6,018		143,394
Severance and restructuring expenses		489		885		—		1,374
Earnings from operations	$	21,163	$	4,137	$	304	$	25,604
Total assets at period end	$	1,493,061	$	482,644	$	93,289	$	2,068,994	**

** Consolidated total assets do not reflect the net effect of corporate assets and intercompany eliminations of $318,290,000.

We recorded the following pre-tax amounts, by operating segment, for depreciation and amortization, in the accompanying consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2013		2012
North America	$	8,160	$	8,085
EMEA		2,057		1,882
APAC		237		215
Total	$	10,454	$	10,182

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	Apr. 26, 2013
Document Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	NSIT
Entity Registrant Name	INSIGHT ENTERPRISES INC
Entity Central Index Key	0000932696
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		43,520,279

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Acquisition

3 Months Ended

Mar. 31, 2013

Business Combinations [Abstract]

Acquisition

12. Acquisition

Effective February 1, 2012, we acquired Inmac, a broad portfolio business-to-business hardware reseller based in Frankfurt, Germany and Amsterdam, Netherlands servicing clients in Western Europe, for a cash purchase price, net of cash acquired, of $3,831,000. Our EMEA operating segment recognized a non-operating gain on bargain purchase of $2,022,000 during the three months ended March 31, 2012 as the fair value of the net assets acquired exceeded the purchase price.

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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Income Statement [Abstract]
Net sales	$ 1,181,622	$ 1,244,182
Costs of goods sold	1,023,485	1,073,810
Gross profit	158,137	170,372
Operating expenses:
Selling and administrative expenses	140,988	143,394
Severance and restructuring expenses	2,732	1,374
Earnings from operations	14,417	25,604
Non-operating (income) expense:
Interest income	(312)	(351)
Interest expense	1,618	1,558
Gain on bargain purchase		(2,022)
Net foreign currency exchange loss (gain)	161	(828)
Other expense, net	374	244
Earnings before income taxes	12,576	27,003
Income tax expense	3,500	9,611
Net earnings	$ 9,076	$ 17,392
Net earnings per share:
Basic	$ 0.20	$ 0.39
Diluted	$ 0.20	$ 0.39
Shares used in per share calculations:
Basic	44,670	44,150
Diluted	45,063	44,754

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Tax Disclosure [Abstract]

Income Taxes

6. Income Taxes

Our effective tax rate for the three months ended March 31, 2013 and 2012 was 27.8% and 35.6%, respectively. For the three months ended March 31, 2013, our effective tax rate was lower than the United States federal statutory rate of 35.0% due primarily to the recognition of certain tax benefits related to the re-measurement or settlement of specific uncertain tax positions during the quarter and to lower taxes on earnings in foreign jurisdictions. For the three months ended March 31, 2012, our effective tax rate was slightly higher than the United States federal statutory rate of 35.0% due primarily to state income taxes, net of federal benefit and other non-deductible expenses, partially offset by lower taxes on earnings in foreign jurisdictions.

As of March 31, 2013 and December 31, 2012, we had approximately $5,272,000 and $7,201,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $494,000 and $488,000, respectively, related to accrued interest.

Several of our subsidiaries are currently under audit for tax years 2006 through 2011. It is reasonably possible that the examination phase of these audits may conclude in the next 12 months and that the related unrecognized tax benefits for uncertain tax positions may change, potentially having a material effect on our effective tax rate. However, based on the status of the various examinations in multiple jurisdictions, an estimate of the range of reasonably possible outcomes cannot be made at this time.

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation

5. Stock-Based Compensation

By operating segment, we recorded the following pre-tax amounts for stock-based compensation, net of estimated forfeitures, related to restricted stock units (“RSUs”) in selling and administrative expenses in our consolidated financial statements (in thousands):

	Three Months Ended March  31,
	2013		2012
North America	$	1,490	$	1,565
EMEA		532		515
APAC		68		61
Total Consolidated	$	2,090	$	2,141

As of March 31, 2013, total compensation cost not yet recognized related to nonvested RSUs is $18,988,000, which is expected to be recognized over the next 1.49 years on a weighted-average basis.

The following table summarizes our RSU activity during the three months ended March 31, 2013:

	Number			Weighted Average Grant  Date Fair Value		Fair Value
Nonvested at January 1, 2013		1,162,231		$	17.66
Granted		472,268			20.50
Vested, including shares withheld to cover taxes		(477,680	)		16.11	$	9,656,445	(a)
Forfeited		(33,815	)		20.27
Nonvested at March 31, 2013		1,123,004			19.44	$	23,156,342	(b)
Expected to vest		1,206,874				$	22,636,698	(b)

^(a)  The fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

^(b) The aggregate fair value represents the total pre-tax fair value, based on our closing stock price of $20.62 as of March 28, 2013 (the last business day of the quarter), which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

During the three months ended March 31, 2013 and 2012, the RSUs that vested for teammates in the United States were net-share settled such that we withheld shares with value equivalent to the teammates’ minimum statutory United States tax obligations for the applicable income and other employment taxes and remitted the corresponding cash amount to the appropriate taxing authorities. The total shares withheld during the three months ended March 31, 2013 and 2012 of 139,589 and 140,684, respectively, were based on the value of the RSUs on their vesting date as determined by our closing stock price on such vesting date. For the three months ended March 31, 2013 and 2012, total payments for the employees’ tax obligations to the taxing authorities were $2,814,000 and $3,000,000, respectively, and are reflected as a financing activity within the consolidated statements of cash flows. These net-share settlements had the economic effect of repurchases of common stock as they reduced the number of shares that would have otherwise been issued as a result of the vesting and did not represent a repurchase of shares or an expense to us.

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Pre-tax Amounts by Operating Segment for Stock-Based Compensation

By operating segment, we recorded the following pre-tax amounts for stock-based compensation, net of estimated forfeitures, related to restricted stock units (“RSUs”) in selling and administrative expenses in our consolidated financial statements (in thousands):

	Three Months Ended March  31,
	2013		2012
North America	$	1,490	$	1,565
EMEA		532		515
APAC		68		61
Total Consolidated	$	2,090	$	2,141

Summary of Restricted Stock Units

The following table summarizes our RSU activity during the three months ended March 31, 2013:

	Number			Weighted Average Grant  Date Fair Value		Fair Value
Nonvested at January 1, 2013		1,162,231		$	17.66
Granted		472,268			20.50
Vested, including shares withheld to cover taxes		(477,680	)		16.11	$	9,656,445	(a)
Forfeited		(33,815	)		20.27
Nonvested at March 31, 2013		1,123,004			19.44	$	23,156,342	(b)
Expected to vest		1,206,874				$	22,636,698	(b)

^(a)  The fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

^(b) The aggregate fair value represents the total pre-tax fair value, based on our closing stock price of $20.62 as of March 28, 2013 (the last business day of the quarter), which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

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Basis of Presentation and Recently Issued Accounting Pronouncements (Policies)

3 Months Ended

Mar. 31, 2013

Accounting Policies [Abstract]

Recently Issued Accounting Pronouncements

Recently Issued Accounting Pronouncements

There have been no material changes or additions to the recently issued accounting pronouncements as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2012 that affect or may affect our financial statements.

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Share Repurchase Program

3 Months Ended

Mar. 31, 2013

Text Block [Abstract]

Share Repurchase Program

9. Share Repurchase Program

On February 14, 2013, we announced that our Board of Directors had authorized the repurchase of up to $50,000,000 of our common stock. Any share repurchases may be made on the open market, through block trades, through 10b5-1 plans or otherwise. The amount of shares purchased and the timing of the purchases will be based on working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. During the three months ended March 31, 2013, we purchased in open market transactions 344,971 shares of our common stock at a total cost of approximately $6,856,000 (an average price of $19.88 per share). All shares repurchased through March 31, 2013 have been retired.

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Derivative Financial Instruments

3 Months Ended

Mar. 31, 2013

Derivative Instruments And Hedging Activities Disclosure [Abstract]

Derivative Financial Instruments

7. Derivative Financial Instruments

We use derivatives to partially offset our exposure to fluctuations in certain foreign currencies. We do not enter into derivatives for speculative or trading purposes. Derivatives are recorded at fair value on the balance sheet and gains or losses resulting from changes in fair value of the derivative are recorded currently in income. The Company does not designate its foreign currency derivatives as hedges for hedge accounting.

The following table summarizes our derivative financial instruments as of March 31, 2013 and December 31, 2012 (in thousands):

		March 31, 2013				December 31, 2012
	Balance Sheet Location	Asset Derivatives Fair Value		Liability Derivatives Fair Value		Asset Derivatives Fair Value		Liability Derivatives Fair Value
Derivatives not designated as hedging instruments:
Foreign exchange forward contracts	Other current assets	$	—	$	—	$	8	$	—
Foreign exchange forward contracts	Accrued expenses and other current liabilities		—		—		—		25
Total derivatives not designated as hedging instruments		$	—	$	—	$	8	$	25

The following table summarizes the effect of our derivative financial instruments on our results of operations during the three months ended March 31, 2013 and 2012 (in thousands):

Derivatives Not Designated as Hedging Instruments	Location of (Gain) Loss Recognized in Earnings on Derivatives	Amount of (Gain) Loss Recognized in Earnings on Derivatives
		Three Months Ended			Three Months Ended
		March 31, 2013			March 31, 2012
Foreign exchange forward contracts	Net foreign currency exchange (gain) loss	$	(401	)	$	448
Total		$	(401	)	$	448

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Fair Value Measurements

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures [Abstract]

Fair Value Measurements

8. Fair Value Measurements

The following table summarizes the valuation of our financial instruments by the following three categories as of March 31, 2013 and December 31, 2012 (in thousands):

Level 1: Quoted market prices in active markets for identical assets or liabilities.

Level 2: Observable market based inputs or unobservable inputs that are corroborated by market data.

Level 3: Unobservable inputs that are not corroborated by market data.

		March 31, 2013				December 31, 2012
Balance Sheet Classification		Foreign Exchange Derivatives		Non-qualified Deferred Compensation Plan Investments		Foreign Exchange Derivatives		Non-qualified Deferred Compensation Plan Investments
Other current assets	Level 1	$	—	$	1,259	$	—	$	1,240
	Level 2		—		—		8		—
	Level 3		—		—		—		—
		$	—	$	1,259	$	8	$	1,240
Accrued expenses and other current liabilities	Level 1	$	—	$	—	$	—	$	—
	Level 2		—		—		25		—
	Level 3		—		—		—		—
		$	—	$	—	$	25	$	—

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2013

Commitments And Contingencies Disclosure [Abstract]

Commitments and Contingencies

10. Commitments and Contingencies

Contractual

In the ordinary course of business, we issue performance bonds to secure our performance under certain contracts or state tax requirements. As of March 31, 2013, we had approximately $21,557,000 of performance bonds outstanding. These bonds are issued on our behalf by a surety company on an unsecured basis; however, if the surety company is ever required to pay out under the bonds, we have contractually agreed to reimburse them.

Employment Contracts and Severance Plans

We have employment contracts with, and plans covering, certain officers and management teammates under which severance payments would become payable in the event of specified terminations without cause or terminations under certain circumstances after a change in control. In addition, vesting of stock-based compensation would accelerate following a change in control. If severance payments under the current employment agreements or plan payments were to become payable, the severance payments would generally range from three to twenty-four months of salary.

Indemnifications

From time to time, in the ordinary course of business, we enter into contractual arrangements under which we agree to indemnify either our clients or third-party service providers from certain losses incurred relating to services performed on our behalf or for losses arising from defined events, which may include litigation or claims relating to past performance. These arrangements include, but are not limited to, the indemnification of our clients for certain claims arising out of our performance under our sales contracts, the indemnification of our landlords for certain claims arising from our use of leased facilities and the indemnification of the lenders that provide our credit facilities for certain claims arising from their extension of credit to us. Such indemnification obligations may not be subject to maximum loss clauses.

Management believes that payments, if any, related to these indemnifications are not probable at March 31, 2013. Accordingly, we have not accrued any liabilities related to such indemnifications in our consolidated financial statements.

We have entered into separate indemnification agreements with our executive officers and with each of our directors. These agreements require us, among other requirements, to indemnify such officers and directors against expenses (including attorneys’ fees), judgments and settlements paid by such individual in connection with any action arising out of such individual’s status or service as our executive officer or director (subject to exceptions such as where the individual failed to act in good faith or in a manner the individual reasonably believed to be in, or not opposed to, the best interests of the Company) and to advance expenses incurred by such individual with respect to which such individual may be entitled to indemnification by us. There are no pending legal proceedings that involve the indemnification of any of the Company’s directors or officers.

Contingencies Related to Third-Party Review

From time to time, we are subject to potential claims and assessments from third parties. We are also subject to various governmental, client and vendor audits. We continually assess whether or not such claims have merit and warrant accrual. Where appropriate, we accrue estimates of anticipated liabilities in the consolidated financial statements. Such estimates are subject to change and may affect our results of operations and our cash flows.

Legal Proceedings

We are party to various legal proceedings arising in the ordinary course of business, including preference payment claims asserted in client bankruptcy proceedings, indemnification claims, claims of alleged infringement of patents, trademarks, copyrights and other intellectual property rights, claims of alleged non-compliance with contract provisions and claims related to alleged violations of laws and regulations. Many of these proceeding are at preliminary stages, and many of these proceedings seek an indeterminate amount of damages. We regularly evaluate the status of the legal proceedings in which we are involved to assess whether a loss is probable or there is a reasonable possibility that a loss, or an additional loss, may have been incurred and determine if accruals are appropriate. If accruals are not appropriate, we further evaluate each legal proceeding to assess whether an estimate of possible loss or range of possible loss can be made for disclosure. Although litigation is inherently unpredictable, we believe that we have adequate provisions for any probable and estimable losses. It is possible, nevertheless, that our consolidated financial position, results of operations or liquidity could be materially and adversely affected in any particular period by the resolution of a legal proceeding. Legal expenses related to defense, negotiations, settlements, rulings and advice of outside legal counsel are expensed as incurred.

In August 2010, in connection with an investigation being conducted by the United States Department of Justice (the “DOJ”), our subsidiary, Calence, LLC, received a subpoena from the Office of the Inspector General of the Federal Communications Commission requesting documents and information related to the expenditure of funds under the E-Rate program, which provides schools and libraries with discounts to obtain affordable telecommunications and internet access and related hardware and software. We have completed our response to the subpoena. The basis of the investigation is a qui tam lawsuit filed in the United States District Court for the Southern District of Texas by a contractor who provided services to the former owners of Calence. The lawsuit, designated United States ex rel. Shupe v. Cisco Systems, Inc., Avnet, Inc. and Calence, LLC, was first filed in January 2010, and an amended complaint was filed in September 2012. The lawsuit was unsealed in June 2012, and an amended complaint was served in September 2012. The amended complaint alleges violations of the False Claims Act and seeks various remedies including treble damages and civil penalties. In connection with the unsealing of the complaint, the DOJ filed a notice with the court declining to intervene in the qui tam action at the time. However, that filing should not be viewed as a final assessment by the DOJ of the merits of this qui tam action. The Company disputes the plaintiff’s claims, intends to defend the lawsuit vigorously and has filed a motion to dismiss the amended complaint. Based on the limited information currently available, the Company is not able to estimate what the possible loss or range of loss might be, if any. The Company is pursuing its rights under the Calence acquisition agreements to indemnification for losses that may arise out of or result from this matter, including our fees and expenses for responding to the subpoena and defending the lawsuit. We have recovered a substantial portion of our fees to date and continue to pursue our indemnification claims.

Aside from the matter discussed above, the Company is not involved in any pending or threatened legal proceedings that it believes could reasonably be expected to have a material adverse effect on its financial condition, results of operations or liquidity.

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Stock-Based Compensation - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Payments for employees' tax obligations to taxing authorities	$ 2,814,000	$ 3,000,000
Restricted stock units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost related to RSU's not yet recognized	18,988,000
Weighted-average number of years for recognition of outstanding nonvested RSUs	1 year 5 months 27 days
Shares withheld to cover taxes	139,589	140,684
Payments for employees' tax obligations to taxing authorities	$ 2,814,000	$ 3,000,000

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Debt, Capital Lease Obligation and Inventory Financing Facility (Tables)

3 Months Ended

Mar. 31, 2013

Debt Disclosure [Abstract]

Long-Term Debt

Our long-term debt consists of the following (in thousands):

	March 31, 2013			December 31, 2012
Senior revolving credit facility	$	29,000		$	33,000
Accounts receivable securitization financing facility		32,000			47,000
Capital lease obligation		345			602
Total		61,345			80,602
Less: current portion of obligation under capital lease		(345	)		(602	)
Less: current portion of revolving credit facilities		—			—
Long-term debt	$	61,000		$	80,000

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Segment Reporting [Abstract]

Net Sales by Product or Service Type for North America, EMEA and APAC

Net sales by product or service type for North America, EMEA and APAC were as follows for the three months ended March 31, 2013 and 2012 (in thousands):

	North America				EMEA				APAC
	Three Months Ended March 31,				Three Months Ended March 31,				Three Months Ended March 31,
Sales Mix	2013		2012		2013		2012		2013		2012
Hardware	$	471,066	$	534,144	$	141,676	$	147,806	$	834	$	1,225
Software		222,371		268,305		236,390		194,311		45,190		36,236
Services		53,567		53,878		8,845		6,717		1,683		1,560
	$	747,004	$	856,327	$	386,911	$	348,834	$	47,707	$	39,021

Financial Information about Reportable Operating Segments

The tables below present information about our reportable operating segments as of and for the three months ended March 31, 2013 and 2012 (in thousands):

	Three Months Ended March 31, 2013
	North America		EMEA		APAC		Consolidated
Net sales	$	747,004	$	386,911	$	47,707	$	1,181,622
Costs of goods sold		644,477		338,301		40,707		1,023,485
Gross profit		102,527		48,610		7,000		158,137
Operating expenses:
Selling and administrative expenses		89,196		45,756		6,036		140,988
Severance and restructuring expenses		1,057		1,675		—		2,732
Earnings from operations	$	12,274	$	1,179	$	964	$	14,417
Total assets at period end	$	1,511,362	$	526,602	$	108,171	$	2,146,135	*

* Consolidated total assets do not reflect the net effect of corporate assets and intercompany eliminations of $426,679,000.

	Three Months Ended March 31, 2012
	North America		EMEA		APAC		Consolidated
Net sales	$	856,327	$	348,834	$	39,021	$	1,244,182
Costs of goods sold		742,691		298,420		32,699		1,073,810
Gross profit		113,636		50,414		6,322		170,372
Operating expenses:
Selling and administrative expenses		91,984		45,392		6,018		143,394
Severance and restructuring expenses		489		885		—		1,374
Earnings from operations	$	21,163	$	4,137	$	304	$	25,604
Total assets at period end	$	1,493,061	$	482,644	$	93,289	$	2,068,994	**

** Consolidated total assets do not reflect the net effect of corporate assets and intercompany eliminations of $318,290,000.

Pre-Tax Depreciation and Amortization for Operating Segment

We recorded the following pre-tax amounts, by operating segment, for depreciation and amortization, in the accompanying consolidated financial statements (in thousands):

	Three Months Ended March 31,
	2013		2012
North America	$	8,160	$	8,085
EMEA		2,057		1,882
APAC		237		215
Total	$	10,454	$	10,182

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Share Repurchase Program - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Feb. 14, 2013	Mar. 31, 2013
Equity [Abstract]
Common stock repurchase program, authorized amount	$ 50,000,000
Repurchased shares of common stock		344,971
Repurchase share of common stock, average cost per share		$ 19.88
Repurchased shares of common stock, total cost		$ 6,856,000

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CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Statement Of Partners Capital [Abstract]
Net earnings	$ 9,076	$ 17,392
Other comprehensive (loss) income, net of tax:
Foreign currency translation adjustments	(8,312)	6,236
Total comprehensive income	$ 764	$ 23,628

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Severance and Restructuring Activities

3 Months Ended

Mar. 31, 2013

Restructuring And Related Activities [Abstract]

Severance and Restructuring Activities

4. Severance and Restructuring Activities

Severance Costs Expensed for 2013 Resource Actions

During the three months ended March 31, 2013, North America and EMEA recorded severance expense totaling $1,057,000 and $1,603,000, respectively, related to 2013 resource actions. The charges were associated with severance for the elimination of certain positions based on a re-alignment of roles and responsibilities.

The following table details the 2013 activity and the outstanding obligation related to the 2013 resource actions as of March 31, 2013 (in thousands):

	North America			EMEA			Consolidated
Severance costs	$	1,057		$	1,603		$	2,660
Foreign currency translation adjustments		—			(16	)		(16	)
Cash payments		(154	)		(31	)		(185	)
Balance at March 31, 2013	$	903		$	1,556		$	2,459

The remaining outstanding obligations are expected to be paid during the next 12 months and are therefore included in accrued expenses and other current liabilities.

Severance Costs Expensed for 2012 Resource Actions

During the year ended December 31, 2012, North America and EMEA recorded severance expense totaling $3,022,000 and $3,973,000, respectively, relating to 2012 restructuring actions. The charges were associated with severance for the elimination of certain positions based on a re-alignment of roles and responsibilities.

The following table details the 2013 activity and the outstanding obligation related to the 2012 resource actions as of March 31, 2013 (in thousands):

	North America			EMEA			Consolidated
Balance at December 31, 2012	$	1,249		$	1,391		$	2,640
Foreign currency translation adjustments		—			(45	)		(45	)
Adjustments		—			72			72
Cash payments		(373	)		(67	)		(440	)
Balance at March 31, 2013	$	876		$	1,351		$	2,227

In EMEA, adjustments totaling $72,000 were recorded as an increase to severance and restructuring expense during the three months ended March 31, 2013 and an increase to the related severance accrual due to changes in estimates as cash payments were made. The remaining outstanding obligations are expected to be paid during the next 12 months and are therefore included in accrued expenses and other current liabilities.

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Net Earnings Per Share ("EPS") - Reconciliation of Denominators of Basic and Diluted EPS Calculations (Detail) (USD $) In Thousands, except Per Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Numerator:
Net earnings	$ 9,076	$ 17,392
Denominator:
Weighted average shares used to compute basic EPS	44,670	44,150
Dilutive potential common shares due to dilutive options and restricted stock units, net of tax effect	393	604
Weighted average shares used to compute diluted EPS	45,063	44,754
Net earnings per share:
Basic	$ 0.20	$ 0.39
Diluted	$ 0.20	$ 0.39

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Derivative Financial Instruments - Summary of Derivative Financial Instruments (Detail) (Not designated as hedging instruments [Member], USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value		$ 8
Liability Derivatives Fair Value		25
Foreign exchange forward contracts [Member] | Other current assets [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value		8
Liability Derivatives Fair Value
Foreign exchange forward contracts [Member] | Accrued expenses and other current liabilities [Member]
Derivatives, Fair Value [Line Items]
Asset Derivatives Fair Value
Liability Derivatives Fair Value		$ 25

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Net Earnings Per Share ("EPS") (Tables)

3 Months Ended

Mar. 31, 2013

Earnings Per Share [Abstract]

Reconciliation of Denominators of Basic and Diluted EPS Calculations

A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data):

	Three Months Ended March 31,
	2013		2012
Numerator:
Net earnings	$	9,076	$	17,392
Denominator:
Weighted average shares used to compute basic EPS		44,670		44,150
Dilutive potential common shares due to dilutive options and restricted stock units, net of tax effect		393		604
Weighted average shares used to compute diluted EPS		45,063		44,754
Net earnings per share:
Basic	$	0.20	$	0.39
Diluted	$	0.20	$	0.39