Segment Information (Tables)

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Net Sales by Offering for North America, EMEA and APAC

The following table summarizes net sales by offering for North America, EMEA and APAC for the three and nine months ended September 30, 2020 and 2019 (in thousands):

	North America				EMEA				APAC
	Three Months Ended September 30,				Three Months Ended September 30,				Three Months Ended September 30,
Sales Mix	2020		2019		2020		2019		2020		2019
Hardware	$	1,028,045	$	1,020,083	$	138,685	$	137,416	$	6,421	$	9,243
Software		306,925		295,730		165,301		186,839		16,191		19,569
Services		223,198		199,349		37,294		31,453		14,418		12,865
	$	1,558,168	$	1,515,162	$	341,280	$	355,708	$	37,030	$	41,677
	North America				EMEA				APAC
	Nine Months Ended September 30,				Nine Months Ended September 30,				Nine Months Ended September 30,
Sales Mix	2020		2019		2020		2019		2020		2019
Hardware	$	3,180,501	$	2,704,212	$	466,909	$	451,892	$	21,001	$	25,740
Software		898,290		907,683		553,164		560,073		62,952		80,287
Services		692,905		551,215		132,110		113,092		41,432		39,840
	$	4,771,696	$	4,163,110	$	1,152,183	$	1,125,057	$	125,385	$	145,867

Financial Information about Reportable Operating Segments

The following tables present our results of operations by reportable operating segment for the periods indicated (in thousands):

	Three Months Ended September 30, 2020
	North America		EMEA		APAC		Consolidated
Net sales:
Products	$	1,334,970	$	303,986	$	22,612	$	1,661,568
Services		223,198		37,294		14,418		274,910
Total net sales		1,558,168		341,280		37,030		1,936,478
Costs of goods sold:
Products		1,202,743		277,025		20,544		1,500,312
Services		108,257		13,955		6,391		128,603
Total costs of goods sold		1,311,000		290,980		26,935		1,628,915
Gross profit		247,168		50,300		10,095		307,563
Operating expenses:
Selling and administrative expenses		192,033		45,438		7,684		245,155
Severance and restructuring expenses		773		19		16		808
Acquisition and integration related expenses		118		—		—		118
Earnings from operations	$	54,244	$	4,843	$	2,395	$	61,482

	Three Months Ended September 30, 2019
	North America		EMEA		APAC		Consolidated
Net sales:
Products	$	1,315,813	$	324,255	$	28,812	$	1,668,880
Services		199,349		31,453		12,865		243,667
Total net sales		1,515,162		355,708		41,677		1,912,547
Costs of goods sold:
Products		1,195,020		297,789		26,431		1,519,240
Services		101,498		10,028		5,586		117,112
Total costs of goods sold		1,296,518		307,817		32,017		1,636,352
Gross profit		218,644		47,891		9,660		276,195
Operating expenses:
Selling and administrative expenses		170,993		44,568		7,654		223,215
Severance and restructuring expenses		2,449		213		—		2,662
Acquisition and integration related expenses		5,896		—		—		5,896
Earnings from operations	$	39,306	$	3,110	$	2,006	$	44,422

	Nine Months Ended September 30, 2020
	North America		EMEA		APAC		Consolidated
Net sales:
Products	$	4,078,791	$	1,020,073	$	83,953	$	5,182,817
Services		692,905		132,110		41,432		866,447
Total net sales		4,771,696		1,152,183		125,385		6,049,264
Costs of goods sold:
Products		3,678,118		933,053		77,326		4,688,497
Services		344,586		41,876		17,017		403,479
Total costs of goods sold		4,022,704		974,929		94,343		5,091,976
Gross profit		748,992		177,254		31,042		957,288
Operating expenses:
Selling and administrative expenses		590,549		143,859		22,190		756,598
Severance and restructuring expenses		7,799		2,118		45		9,962
Acquisition and integration related expenses		1,991		204		—		2,195
Earnings from operations	$	148,653	$	31,073	$	8,807	$	188,533

Summary of Total Assets by Reportable Operating Segment

The following is a summary of our total assets by reportable operating segment (in thousands):

	September 30, 2020			December 31, 2019
North America	$	4,145,070		$	3,814,408
EMEA		627,644			699,856
APAC		110,561			123,349
Corporate assets and intercompany eliminations, net		(1,055,965	)		(459,434	)
Total assets	$	3,827,310		$	4,178,179

Pre-Tax Depreciation and Amortization by Operating Segment

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

	Three Months Ended September 30,				Nine Months Ended September 30,
	2020		2019		2020		2019
Depreciation and amortization of property and    equipment:
North America	$	5,907	$	4,371	$	17,559	$	12,114
EMEA		1,269		1,013		3,846		2,980
APAC		143		140		415		412
		7,319		5,524		21,820		15,506
Amortization of intangible assets:
North America		8,730		5,765		27,594		13,037
EMEA		585		67		1,625		205
APAC		118		114		336		348
		9,433		5,946		29,555		13,590
Total	$	16,752	$	11,470	$	51,375	$	29,096