Segment Information

9 Months Ended

Mar. 31, 2022

Segment Reporting, Measurement Disclosures [Abstract]

Segment Information

Segment Information

The Company is a leading provider of technology solutions and services to customers in specialty technology markets. The Company has two reportable segments, based on product and customer type.

Specialty Technology Solutions Segment

The Specialty Technology Solutions segment includes the Company’s business in automatic identification and data capture (“AIDC”), point of sale (“POS”), payments, security and networking technologies. AIDC solutions include mobile computing, barcode scanners and imagers, radio frequency identification devices (“RFID”), barcode printing and services. POS and payments solutions include POS systems, integrated POS software platforms, self-service kiosks including self-checkout, payment terminals, and mobile payment devices. Security solutions include video surveillance and analytics, video management software and access control. Networking solutions include switching, routing and wireless products and software. The Company has business operations within this segment in the United States, Canada and Brazil.

Modern Communications & Cloud Segment

The Modern Communications & Cloud segment includes the Company’s business in communications and collaboration, connectivity and cloud services. Communications and collaboration solutions, delivered in the cloud, on-premise or hybrid, include voice, video, integration of communication platforms and contact center solutions. The Intelisys connectivity and cloud marketplace offers telecom, cable, Unified Communications as a Service (“UCaaS”), Contact Center as a Service (“CCaaS”), Infrastructure as a Service (“IaaS”), Software-Defined Wide-Area Network (“SD-WAN”) and other cloud services. This segment includes SaaS and subscription services, which the Company offers using digital tools and platforms. The Company has business operations within this segment in the United States, Canada, Brazil and the UK.

Selected financial information for each business segment is presented below:

	Quarter ended				Nine months ended
	March 31,				March 31,
	2022		2021		2022		2021
	(in thousands)
Sales:
Specialty Technology Solutions	$	503,072	$	436,462	$	1,501,702	$	1,300,488
Modern Communications & Cloud	342,918		293,411		1,065,950		997,623
	$	845,990	$	729,873	$	2,567,652	$	2,298,111
Depreciation and amortization:
Specialty Technology Solutions	$	2,874	$	3,200	$	8,741	$	10,054
Modern Communications & Cloud	3,738		4,439		11,312		13,055
Corporate	693		719		2,131		2,308
	$	7,305	$	8,358	$	22,184	$	25,417
Change in fair value of contingent consideration:
Modern Communications & Cloud	—		—		—		516
	$	—	$	—	$	—	$	516
Operating income (loss):
Specialty Technology Solutions	$	20,623	$	8,713	$	51,278	$	17,558
Modern Communications & Cloud	12,294		11,555		43,494		32,085
Corporate	—		(832)		(30)		(11,442)
	$	32,917	$	19,436	$	94,742	$	38,201
Capital expenditures:
Specialty Technology Solutions	$	(62)	$	(532)	$	(496)	$	(1,097)
Modern Communications & Cloud	(620)		(297)		(2,830)		(1,186)
	$	(682)	$	(829)	$	(3,326)	$	(2,283)
Sales by Geography Category:
United States and Canada	$	766,035	$	666,773	$	2,312,250	$	2,081,377
International	81,461		64,153		259,693		228,784
Less intercompany sales	(1,506)		(1,053)		(4,291)		(12,050)
	$	845,990	$	729,873	$	2,567,652	$	2,298,111

	March 31, 2022		June 30, 2021
	(in thousands)
Assets:
Specialty Technology Solutions	$	905,073	$	775,704
Modern Communications & Cloud	925,367		868,752
Corporate	10,360		27,228
	$	1,840,800	$	1,671,684
Property and equipment, net by Geography Category:
United States and Canada	$	33,151	$	39,930
International	4,664		2,906
	$	37,815	$	42,836