SEGMENT REPORTING (Tables)

12 Months Ended

Mar. 31, 2022

SEGMENT REPORTING [Abstract]

Segment Reporting Information, by Reportable Segment

Our reportable segment information was as follows (in thousands):

	Year Ended March 31,
	2022							2021						2020
	Technology		Financing		Total			Technology		Financing		Total		Technology		Financing		Total
Net Sales
Product	$	1,492,411	$	87,983	$	1,580,394		$	1,305,789	$	60,369	$	1,366,158	$	1,337,022	$	58,266	$	1,395,288
Service		240,625		-		240,625			202,165		-		202,165		193,116		-		193,116
Total		1,733,036		87,983		1,821,019			1,507,954		60,369		1,568,323		1,530,138		58,266		1,588,404
Cost of Sales
Product		1,175,789		35,154		1,210,943			1,036,627		13,050		1,049,677		1,069,110		7,663		1,076,773
Service		149,094		-		149,094			125,092		-		125,092		120,440		-		120,440
Total		1,324,883		35,154		1,360,037			1,161,719		13,050		1,174,769		1,189,550		7,663		1,197,213
Gross Profit		408,153		52,829		460,982			346,235		47,319		393,554		340,588		50,603		391,191
Selling, general, and administrative		283,690		13,427		297,117			256,210		15,053		271,263		264,123		15,059		279,182
Depreciation and amortization		14,535		111		14,646			13,839		112		13,951		14,016		140		14,156
Interest and financing costs		928		975		1,903			521		1,484		2,005		294		2,280		2,574
Operating expenses		299,153		14,513		313,666			270,570		16,649		287,219		278,433		17,479		295,912
Operating income		109,000		38,316		147,316			75,665		30,670		106,335		62,155		33,124		95,279
Other income (expense)						(432	)						571						680
Earnings before tax					$	146,884						$	106,906					$	95,959
Net Sales
Contracts with customers	$	1,718,093	$	34,842	$	1,752,935		$	1,484,104	$	12,369	$	1,496,473	$	1,514,507	$	4,589	$	1,519,096
Financing and other		14,943		53,141		68,084			23,850		48,000		71,850		15,631		53,677		69,308
Total	$	1,733,036	$	87,983	$	1,821,019		$	1,507,954	$	60,369	$	1,568,323	$	1,530,138	$	58,266	$	1,588,404
Selected Financial Data - Statement of Cash Flow
Depreciation and amortization	$	15,592	$	8,713	$	24,305		$	14,568	$	5,423	$	19,991	$	14,516	$	4,640	$	19,156
Purchases of property, equipment and operating lease equipment	$	4,951	$	18,231	$	23,182		$	4,752	$	6,761	$	11,513	$	4,842	$	2,167	$	7,009
Selected Financial Data - Balance Sheet
Total assets	$	941,743	$	224,460	$	1,166,203		$	828,576	$	248,199	$	1,076,775	$	709,854	$	199,259	$	909,113

Technology Segment Disaggregation of Revenue

We analyze net sales for our technology segment by customer end market and by vendor, as opposed to discrete product and service categories, which are summarized below (in thousands):

	Year Ended March 31,
	2022			2021			2020
Customer end market:
Telecom, Media & Entertainment	$	502,408		$	371,913		$	289,958
Technology		250,485			251,683			324,239
State and local government and educational institutions		241,769			245,919			243,092
Healthcare		270,481			200,067			233,894
Financial Services		155,160			198,761			191,679
All others		312,733			239,611			247,276
Net sales		1,733,036			1,507,954			1,530,138
Less: Revenue from financing and other		(14,943	)		(23,850	)		(15,631	)
Revenue from contracts with customers	$	1,718,093		$	1,484,104		$	1,514,507
	Year Ended March 31,
	2022			2021			2020
Vendor:
Cisco Systems	$	672,821		$	537,041		$	607,719
Dell EMC		148,782			107,336			84,939
Juniper Networks		92,965			91,946			68,339
HP Inc. & HPE		56,171			59,838			71,802
Arista Networks		44,280			51,789			75,281
NetApp		91,948			58,020			59,812
All others		626,069			601,984			562,246
Net sales		1,733,036			1,507,954			1,530,138
Less: Revenue from financing and other		(14,943	)		(23,850	)		(15,631	)
Revenue from contracts with customers	$	1,718,093		$	1,484,104		$	1,514,507

Geographical Information

The geographic information for the years ended March 31, 2022, 2021, and 2020 was as follows (in thousands):

	Year Ended March 31,
	2022		2021		2020
Net sales:
US	$	1,716,525	$	1,476,466	$	1,508,329
Non US		104,494		91,857		80,075
Total	$	1,821,019	$	1,568,323	$	1,588,404
	March 31,
	2022		2021
Long-lived tangible assets:
US	$	21,837	$	33,504
Non US		716		931
Total	$	22,553	$	34,435