Segment Information (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Summary of Revenue Disaggregated by Reportable Operating Segments

In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by their related geographies, as well as by major product offering, by major client group and by recognition on either a gross basis as a principal in the arrangement, or on a net basis as an agent, for the three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended March 31, 2024
	North America		EMEA		APAC		Consolidated
Major Offerings
Hardware	$	991,066	$	136,314	$	7,347	$	1,134,727
Software	595,240		203,252		30,736		829,228
Services	318,516		73,275		23,739		415,530
	$	1,904,822	$	412,841	$	61,822	$	2,379,485
Major Client Groups
Large Enterprise / Corporate	$	1,367,303	$	308,298	$	22,168	$	1,697,769
Commercial	357,289		8,913		15,063		381,265
Public Sector	180,230		95,630		24,591		300,451
	$	1,904,822	$	412,841	$	61,822	$	2,379,485
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)	$	1,762,245	$	381,082	$	52,524	$	2,195,851
Net revenue recognition (Agent)	142,577		31,759		9,298		183,634
	$	1,904,822	$	412,841	$	61,822	$	2,379,485

	Three Months Ended March 31, 2023
	North America		EMEA		APAC		Consolidated
Major Offerings
Hardware	$	1,155,639	$	162,890	$	10,316	$	1,328,845
Software	394,797		214,561		29,442		638,800
Services	283,528		49,553		23,221		356,302
	$	1,833,964	$	427,004	$	62,979	$	2,323,947
Major Client Groups
Large Enterprise / Corporate	$	1,293,533	$	309,063	$	21,402	$	1,623,998
Commercial	372,025		4,790		17,025		393,840
Public Sector	168,406		113,151		24,552		306,109
	$	1,833,964	$	427,004	$	62,979	$	2,323,947
Revenue Recognition based on acting as Principal or Agent in the Transaction
Gross revenue recognition (Principal)	$	1,725,177	$	401,343	$	53,884	$	2,180,404
Net revenue recognition (Agent)	108,787		25,661		9,095		143,543
	$	1,833,964	$	427,004	$	62,979	$	2,323,947

Summary of 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 March 31, 2024
	North America		EMEA		APAC		Consolidated
Net sales:
Products	$	1,586,306	$	339,566	$	38,083	$	1,963,955
Services	318,516		73,275		23,739		415,530
Total net sales	1,904,822		412,841		61,822		2,379,485
Costs of goods sold:
Products	1,426,673		310,072		34,839		1,771,584
Services	128,306		27,736		10,931		166,973
Total costs of goods sold	1,554,979		337,808		45,770		1,938,557
Gross profit	349,843		75,033		16,052		440,928
Operating expenses:
Selling and administrative expenses	262,920		63,305		11,209		337,434
Severance and restructuring expenses	1,619		538		70		2,227
Acquisition and integration related expenses	1,281		—		—		1,281
Earnings from operations	$	84,023	$	11,190	$	4,773	$	99,986

	Three Months Ended March 31, 2023
	North America		EMEA		APAC		Consolidated
Net sales:
Products	$	1,550,436	$	377,451	$	39,758	$	1,967,645
Services	283,528		49,553		23,221		356,302
Total net sales	1,833,964		427,004		62,979		2,323,947
Costs of goods sold:
Products	1,387,962		347,633		37,134		1,772,729
Services	130,858		18,483		10,562		159,903
Total costs of goods sold	1,518,820		366,116		47,696		1,932,632
Gross profit	315,144		60,888		15,283		391,315
Operating expenses:
Selling and administrative expenses	248,820		49,905		11,276		310,001
Severance and restructuring expenses	3,087		702		13		3,802
Acquisition and integration related expenses	51		—		—		51
Earnings from operations	$	63,186	$	10,281	$	3,994	$	77,461

Summary of Total Assets by Reportable Operating Segment

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

	March 31, 2024		December 31, 2023
North America	$	6,413,510	$	6,521,591
EMEA	1,156,494		1,058,734
APAC	265,172		171,820
Corporate assets and intercompany eliminations, net	(1,267,937)		(1,465,795)
Total assets	$	6,567,239	$	6,286,350

Summary of 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 March 31,
	2024		2023
Depreciation and amortization of property and equipment:
North America	$	6,073	$	5,648
EMEA	757		596
APAC	131		109
	6,961		6,353
Amortization of intangible assets:
North America	13,146		7,785
EMEA	1,670		412
APAC	109		113
	14,925		8,310
Total	$	21,886	$	14,663