SEGMENT REPORTING (Tables)

3 Months Ended

Jun. 30, 2022

SEGMENT REPORTING [Abstract]

Segment Reporting Information, by Reportable Segment

Our reportable segment information for the three month periods ended June 30, 2022, and 2021 are summarized in the following table (in thousands):

	Three Months Ended
	June 30, 2022							June 30, 2021
	Technology		Financing		Total			Technology		Financing		Total
Net Sales
Product	$	385,676	$	9,574	$	395,250		$	344,766	$	16,291	$	361,057
Service		63,109		-		63,109			55,592		-		55,592
Total		448,785		9,574		458,359			400,358		16,291		416,649
Cost of Sales
Product		302,508		1,702		304,210			271,015		6,212		277,227
Service		40,626		-		40,626			33,910		-		33,910
Total		343,134		1,702		344,836			304,925		6,212		311,137
Gross Profit		105,651		7,872		113,523			95,433		10,079		105,512
Selling, general, and administrative		73,112		3,655		76,767			66,153		2,622		68,775
Depreciation and amortization		3,182		28		3,210			3,898		28		3,926
Interest and financing costs		138		225		363			159		200		359
Operating expenses		76,432		3,908		80,340			70,210		2,850		73,060
Operating income		29,219		3,964		33,183			25,223		7,229		32,452
Other income (expense)						(2,153	)						123
Earnings before tax					$	31,030						$	32,575
Net Sales
Contracts with customers	$	443,802	$	945	$	444,747		$	396,541	$	5,418	$	401,959
Financing and other		4,983		8,629		13,612			3,817		10,873		14,690
Total	$	448,785	$	9,574	$	458,359		$	400,358	$	16,291	$	416,649
Selected Financial Data - Statement of Cash Flow
Depreciation and amortization	$	3,515	$	957	$	4,472		$	4,103	$	1,979	$	6,082
Purchases of property, equipment and operating lease equipment	$	1,286	$	491	$	1,777		$	1,307	$	5,687	$	6,994
Selected Financial Data - Balance Sheet
Total assets	$	1,007,898	$	248,252	$	1,256,150		$	868,276	$	209,140	$	1,077,416

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):

	Three Months Ended June 30,
	2022			2021
Customer end market:
Telecom, Media & Entertainment	$	128,277		$	112,192
Technology		69,862			69,140
Healthcare		68,512			54,688
State and local government and educational institutions		64,602			65,415
Financial Services		33,299			30,011
All others		84,233			68,912
Net sales		448,785			400,358
Less: Revenue from financing and other		(4,983	)		(3,817	)
Revenue from contracts with customers	$	443,802		$	396,541

	Three Months Ended June 30,
	2022			2021
Vendor:
Cisco Systems	$	156,878		$	166,902
Dell EMC		61,873			26,340
Juniper Networks		22,509			24,714
NetApp		13,985			10,457
Arista Networks		11,172			11,498
All others		182,368			160,447
Net sales		448,785			400,358
Less: Revenue from financing and other		(4,983	)		(3,817	)
Revenue from contracts with customers	$	443,802		$	396,541