ePlus (PLUS) 10-Q 5 Aug 21 2022 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Jun. 30, 2021	Aug. 02, 2021
Cover [Abstract]
Entity Registrant Name	ePlus inc.
Entity Central Index Key	0001022408
Current Fiscal Year End Date	--03-31
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2021
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	Q1
Document Transition Report	false
Entity File Number	1-34167
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	54-1817218
Entity Address, Address Line One	13595 Dulles Technology Drive
Entity Address, City or Town	Herndon
Entity Address, State or Province	VA
Entity Address, Postal Zip Code	20171-3413
City Area Code	703
Local Phone Number	984-8400
Title of 12(b) Security	Common Stock, $.01 par value
Trading Symbol	PLUS
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,505,354

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Current assets:
Cash and cash equivalents	$ 93,840	$ 129,562
Accounts receivable-trade, net	465,424	391,567
Accounts receivable-other, net	33,979	41,053
Inventories	77,752	69,963
Financing receivables-net, current	63,082	106,272
Deferred costs	27,812	28,201
Other current assets	12,309	10,976
Total current assets	774,198	777,594
Financing receivables and operating leases-net	98,277	90,165
Deferred tax asset-net	1,468	1,468
Property, equipment and other assets	41,282	42,289
Goodwill	126,651	126,645
Other intangible assets-net	35,540	38,614
TOTAL ASSETS	1,077,416	1,076,775
Current liabilities:
Accounts payable	149,685	165,162
Accounts payable-floor plan	139,574	98,653
Salaries and commissions payable	31,758	36,839
Deferred revenue	76,821	72,802
Recourse notes payable-current	5,997	5,450
Non-recourse notes payable-current	12,700	50,397
Other current liabilities	29,870	30,061
Total current liabilities	446,405	459,364
Recourse notes payable - long-term	11,016	12,658
Non-recourse notes payable - long-term	2,587	5,664
Other liabilities	33,789	36,679
TOTAL LIABILITIES	493,797	514,365
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY
Preferred stock, $0.01 per share par value; 2,000 shares authorized; none outstanding	0	0
Common stock, $0.01 per share par value; 25,000 shares authorized; 13,536 outstanding at June 30, 2021 and 13,503 outstanding at March 31, 2021	146	145
Additional paid-in capital	154,101	152,366
Treasury stock, at cost, 1,038 shares at June 30, 2021 and 993 shares at March 31, 2021	(79,483)	(75,372)
Retained earnings	508,134	484,616
Accumulated other comprehensive income-foreign currency translation adjustment	721	655
Total Stockholders' Equity	583,619	562,410
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,077,416	$ 1,076,775

UNAUDITED CONSOLIDATED BALANC_2

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Jun. 30, 2021	Mar. 31, 2021
STOCKHOLDERS' EQUITY
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	2,000	2,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	25,000	25,000
Common stock, shares outstanding (in shares)	13,536	13,503
Treasury stock, shares (in shares)	1,038	993

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net sales
Total	$ 416,649	$ 355,031
Cost of sales
Total	311,137	256,474
Gross profit	105,512	98,557
Selling, general, and administrative	68,775	69,467
Depreciation and amortization	3,926	3,516
Interest and financing costs	359	577
Operating expenses	73,060	73,560
Operating income	32,452	24,997
Other income	123	98
Earnings before tax	32,575	25,095
Provision for income taxes	9,057	7,735
Net earnings	$ 23,518	$ 17,360
Net earnings per common share-basic (in dollars per share)	$ 1.76	$ 1.30
Net earnings per common share-diluted (in dollars per share)	$ 1.75	$ 1.30
Weighted average common shares outstanding-basic (in shares)	13,333	13,322
Weighted average common shares outstanding-diluted (in shares)	13,441	13,388
Product [Member]
Net sales
Total	$ 361,057	$ 307,240
Cost of sales
Total	277,227	226,634
Services [Member]
Net sales
Total	55,592	47,791
Cost of sales
Total	$ 33,910	$ 29,840

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
NET EARNINGS	$ 23,518	$ 17,360
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Foreign currency translation adjustments	66	37
Other comprehensive income	66	37
TOTAL COMPREHENSIVE INCOME	$ 23,584	$ 17,397

UNAUDITED CONSOLIDATED STATEM_3

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Cash flows from operating activities:
Net earnings	$ 23,518	$ 17,360
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	6,082	4,779
Reserve for credit losses	(261)	787
Share-based compensation expense	1,735	1,885
Deferred taxes	0	1
Payments from lessees directly to lenders-operating leases	(32)	(8)
Gain on disposal of property, equipment, and operating lease equipment	(148)	(25)
Changes in:
Accounts receivable	(68,641)	(14,880)
Inventories-net	(7,800)	(43,038)
Financing receivables-net	193	(24,745)
Deferred costs and other assets	61	4,973
Accounts payable-trade	(15,393)	53,675
Salaries and commissions payable, deferred revenue, and other liabilities	(4,450)	5,630
Net cash provided by (used in) operating activities	(65,136)	6,394
Cash flows from investing activities:
Proceeds from sale of property, equipment, and operating lease equipment	843	118
Purchases of property, equipment and operating lease equipment	(6,994)	(2,277)
Net cash used in investing activities	(6,151)	(2,159)
Cash flows from financing activities:
Borrowings of non-recourse and recourse notes payable	3,199	10,332
Repayments of non-recourse and recourse notes payable	(4,819)	(1,874)
Repurchase of common stock	(3,807)	(2,703)
Net borrowings (repayments) on floor plan facility	40,921	48,285
Net cash provided by financing activities	35,494	54,040
Effect of exchange rate changes on cash	71	(124)
Net increase (decrease) in cash and cash equivalents	(35,722)	58,151
Cash and cash equivalents, beginning of period	129,562	86,231
Cash and cash equivalents, end of period	93,840	144,382
Supplemental disclosures of cash flow information:
Cash paid for interest	519	558
Cash paid for income taxes	7,275	193
Cash paid for amounts included in the measurement of lease liabilities	1,182	1,503
Schedule of non-cash investing and financing activities:
Proceeds from sale of property, equipment, and leased equipment	978	0
Purchases of property, equipment, and operating lease equipment	(2,619)	(237)
Borrowing of non-recourse and recourse notes payable	0	22,824
Repayments of non-recourse and recourse notes payable	(32)	(8)
Vesting of share-based compensation	7,493	7,472
Repurchase of common stock	(304)	0
New operating lease assets obtained in exchange for lease obligations	$ 0	$ 726

UNAUDITED CONSOLIDATED STATEM_4

UNAUDITED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income [Member]	Total
Balance at Mar. 31, 2020	$ 144	$ 145,197	$ (68,424)	$ 410,219	$ (991)	$ 486,145
Balance (in shares) at Mar. 31, 2020	13,500
Issuance of restricted stock awards	$ 1	0	0	0	0	1
Issuance of restricted stock awards (in shares)	91
Share-based compensation	$ 0	1,885	0	0	0	1,885
Share-based compensation (in shares)	0
Repurchase of common stock	$ 0	0	$ (2,703)	0	0	(2,703)
Repurchase of common stock (in shares)			(38)
Net earnings	0	0	$ 0	17,360	0	17,360
Foreign currency translation adjustment	0	0	0	0	37	37
Balance at Jun. 30, 2020	$ 145	147,082	(71,127)	427,579	(954)	502,725
Balance (in shares) at Jun. 30, 2020	13,553
Balance at Mar. 31, 2021	$ 145	152,366	(75,372)	484,616	655	$ 562,410
Balance (in shares) at Mar. 31, 2021	13,503					13,503
Issuance of restricted stock awards	$ 1	0	0	0	0	$ 1
Issuance of restricted stock awards (in shares)	78
Share-based compensation	$ 0	1,735	0	0	0	1,735
Share-based compensation (in shares)	0
Repurchase of common stock	$ 0	0	$ (4,111)	0	0	(4,111)
Repurchase of common stock (in shares)			(45)
Net earnings	0	0	$ 0	23,518	0	23,518
Foreign currency translation adjustment	0	0	0	0	66	66
Balance at Jun. 30, 2021	$ 146	$ 154,101	$ (79,483)	$ 508,134	$ 721	$ 583,619
Balance (in shares) at Jun. 30, 2021	13,536					13,536

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3 Months Ended
	Jun. 30, 2021
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	1. ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES DESCRIPTION OF BUSINESS — Our e e e the United Kingdom (“UK”), and other European countries. BASIS OF PRESENTATION — The e acquisition. INTERIM FINANCIAL STATEMENTS — The unaudited consolidated financial statements for the three months ended June 30, 2021, and 2020, were prepared by us and include all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of our financial position, results of operations, changes in comprehensive income, and cash flows for such periods. Operating results for the three months ended June 30, 2021, and 2020 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending March 31, 2022, or any other future period. These unaudited consolidated financial statements do not include all disclosures required by the accounting principles generally accepted in the United States (“US GAAP”) for annual financial statements. Our audited consolidated financial statements are contained in our annual report on Form 10-K for the year ended March 31, 2021 (“2021 Annual Report”), which should be read in conjunction with these interim consolidated financial statements. USE OF ESTIMATES — The estimates. CONCENTRATIONS OF RISK — A substantial portion of our sales are products from Cisco Systems, which were 42% of our technology segment’s net sales for the three months ended June 30, 2021, and 37% for the three months ended June 30, 2020. SIGNIFICANT ACCOUNTING POLICIES — The significant accounting policies used in preparing these Consolidated Financial Statements were applied on a basis consistent with those reflected in our Consolidated Financial Statements for the year ended March .

REVENUES

REVENUES	3 Months Ended
	Jun. 30, 2021
REVENUES [Abstract]
REVENUES	2. REVENUES CONTRACT BALANCES Accounts receivable – trade consists entirely of amounts due from contracts with customers. In addition, we had $ million and $ million of receivables from contracts with customers included within financing receivables as of June 30 2021, and March respectively. The following table provides the balance of contract liabilities from contracts with customers (in s): June 30, 2021 March 31, 2021 Current (included in deferred revenue) $ 76,261 $ 72,299 Non-current (included in other liabilities) $ 24,065 $ 26,042 Revenue recognized from the beginning contract liability balance was $21.5 million and $15.6 million for the three months ended June 30, 2021, and 2020, respectively. PERFORMANCE OBLIGATIONS The following table includes revenue expected to be recognized in the future related to performance obligations, primarily non-cancelable contracts for e Plus managed services, that are unsatisfied or partially unsatisfied at the end of the reporting period (in s). Remainder of the year ending March 31, 2022 $ 31,218 Year ending March 31, 2023 18,709 Year ending March 31, 2024 9,023 Year ending March 31, 2025 1,161 Year ending March 31, 2026 and thereafter 461 Total remaining performance obligations $ 60,572 The table does not include the value of unsatisfied performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where we recognize revenue at the amount that we have the right to invoice for services performed.

FINANCING RECEIVABLES AND OPERA

FINANCING RECEIVABLES AND OPERATING LEASES	3 Months Ended
	Jun. 30, 2021
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
FINANCING RECEIVABLES AND OPERATING LEASES	3. FINANCING RECEIVABLES AND OPERATING LEASES O ur financing receivables and operating leases consist primarily of leases of IT and communication equipment and notes receivable from financing customer purchases of -party software, maintenance, and services. Our leases often include elections for the lessee to purchase the underlying asset at the end of the lease term. Occasionally, our leases provide the lessee a bargain purchase option . The following table provides the profit recognized for sales-type leases at their commencement date, including modifications that are recognized on a net basis, for the three months ended June 30, 2021, and 2020 (in thousands): Three months ended June 30, 2021 2020 Net sales $ 3,817 $ 10,163 Cost of sales 3,365 5,327 Gross profit $ 452 $ 4,836 The following table provides interest income in aggregate on our sales-type leases and lease income on our operating leases for the three months ended June 30, 2021, and 2020 (in thousands): Three months ended June 30, 2021 2020 Interest income on sales-type leases $ 1,290 $ 2,219 Lease income on operating leases $ 5,210 $ 3,838 FINANCING RECEIVABLES—NET The following tables provide a disaggregation of our financing receivables – net (in s): June 30 2021 Notes Receivable Lease Receivables Financing Receivables Gross receivables $ 80,654 $ 58,360 $ 139,014 Unguaranteed residual value (1) - 14,207 14,207 Initial direct costs, net of amortization 242 - 242 Unearned income - (7,691 ) (7,691 ) Allowance for credit losses (2) (1,289 ) (873 ) (2,162 ) Total, net $ 79,607 $ 64,003 $ 143,610 Reported as: Current $ 39,452 $ 23,630 $ 63,082 Long-term 40,155 40,373 80,528 Total, net $ 79,607 $ 64,003 $ 143,610 (1) Includes unguaranteed residual values of $9,071 thousand that we retained after selling the related lease receivable. (2) Refer to Note 6, “Allowance for Credit Losses” for details. March 31 2021 Notes Receivable Lease Receivables Financing Receivables Gross receivables $ 112,641 $ 68,393 $ 181,034 Unguaranteed residual value (1) - 14,876 14,876 Initial direct costs, net of amortization 425 - 425 Unearned income - (8,393 ) (8,393 ) Allowance for credit losses (2) (1,212 ) (1,171 ) (2,383 ) Total, net $ 111,854 $ 73,705 $ 185,559 Reported as: Current $ 73,175 $ 33,097 $ 106,272 Long-term 38,679 40,608 79,287 Total, net $ 111,854 $ 73,705 $ 185,559 (1) Includes unguaranteed residual values of that we retained after selling the related lease receivable. (2) Refer to Note 6 “Allowance for Credit Losses” for details. OPERATING LEASES—NET Operating leases—net represents leases that do not qualify as sales-type leases. The components of the operating leases—net are as follows (in thousands): June 30, 2021 March 31, 2021 Cost of equipment under operating leases $ 26,434 $ 18,748 Accumulated depreciation (8,685 ) (7,870 ) Investment in operating lease equipment—net (1) $ 17,749 $ 10,878 (1) Amounts include estimated unguaranteed residual values of $3.5 million and $2.5 million as of June 30, 2021, and March 31, 2021, respectively. TRANSFERS OF FINANCIAL ASSETS We enter into arrangements to transfer the contractual payments due under financing receivables and operating lease agreements, which are accounted for as sales or secured borrowings. For transfers accounted for as a secured borrowing, the corresponding investments serve as collateral for non-recourse notes payable. As of June 30, 2021, and March 31, 2021, we had financing receivables of $12.4 million and $60.5 million, respectively, and operating leases of $5.7 million and $3.3 million, respectively, which were collateral for non-recourse notes payable. See Note 8, "Credit Facility and Notes Payable." For transfers accounted for as sales, we derecognize the carrying value of the asset transferred plus any liability and recognize a net gain or loss on the sale, which are presented within net sales in the consolidated statement of operations. During the three months ended June 30, 2021, and 2020, we recognized net gains of $3.2 million and $2.5 million, respectively, and total proceeds from these sales were $75.3 million and $73.2 million, respectively. When we retain servicing obligations in transfers accounted for as sales, we allocate a portion of the proceeds to deferred revenues, which is recognized as we perform the services. As of both June 30, 2021, and March 31, 2021, we had deferred revenue of $0.3 million for servicing obligations. In a limited number of transfers accounted for as sales, we indemnified the assignee if the lessee elects to early terminate the lease. As of June 30, 2021, the total potential payments that could result from these indemnities is immaterial.

LESSEE ACCOUNTING

LESSEE ACCOUNTING	3 Months Ended
	Jun. 30, 2021
LESSEE ACCOUNTING [Abstract]
LESSEE ACCOUNTING	4. LESSEE ACCOUNTING We lease office space for periods up to six years. We recognize our right-of-use assets as part of property, equipment, and other assets. We recognize the current and long-term portions of our lease liability as part of other current liabilities and other liabilities, respectively. We recognized rent expense of $1.3 million and $1.6 million for the three months ending June 30, 2021, and June 30, 2020, respectively, as part of selling, general, and administrative expenses

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Jun. 30, 2021
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	5. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL The following table summarizes the changes in the carrying amount of goodwill for the three months ended June 30, 2021 (in s): Three months ended June 30, 2021 Goodwill Accumulated Impairment Loss Net Carrying Amount Beginning balance $ 135,318 $ (8,673 ) $ 126,645 Foreign currency translations 6 - 6 Ending balance $ 135,324 $ (8,673 ) $ 126,651 Goodwill represents the premium paid over the fair value of the net tangible and intangible assets that are individually identified and separately recognized in business combinations. Our entire balance as of June 30, 2021, relates to our technology segment, which we also determined The change in our goodwill balance during the three months ended June 30, 2021, is due solely to foreign currency translation. We test goodwill for impairment on an annual basis, as of the first day of our third fiscal quarter, and between annual tests if an event occurs, or circumstances change, that would more likely than not reduce the fair value of a reporting unit below its carrying value. OTHER INTANGIBLE ASSETS Our other intangible assets consist of the following on June 30, 2021, and March 31, 2021 June 30, 2021 March 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships & other intangibles $ 77,345 $ (44,819 ) $ 32,526 $ 77,335 $ (42,115 ) $ 35,220 Capitalized software development 10,486 (7,472 ) 3,014 10,553 (7,159 ) 3,394 Total $ 87,831 $ (52,291 ) $ 35,540 $ 87,888 $ (49,274 ) $ 38,614 Customer relationships and other intangibles are generally amortized between to years. Capitalized generally amortized over Total amortization expense for customer relationships and other intangible assets $ million for the three months ended June 30, 2021, and June 30, 2020, respectively

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	3 Months Ended
	Jun. 30, 2021
ALLOWANCE FOR CREDIT LOSSES [Abstract]
ALLOWANCE FOR CREDIT LOSSES	6. ALLOWANCE FOR CREDIT LOSSES The following table provides the activity in our allowance for credit losses for the three months ended June 30, 2021, and 2020 (in thousands): Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2021 $ 2,064 $ 1,212 $ 1,171 $ 4,447 Provision for credit losses (40 ) 77 (298 ) (261 ) Write-offs and other (22 ) - - (22 ) Balance June 30 2021 $ 2,002 $ 1,289 $ 873 $ 4,164 Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2020 $ 1,781 $ 798 $ 610 $ 3,189 Provision for credit losses 329 341 117 787 Write-offs and other - - - - Balance June 30 2020 $ 2,110 $ 1,139 $ 727 $ 3,976 The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of June 30, 2021 (in thousands): Amortized cost basis by origination year ending March 31, 2022 2021 2020 2019 2018 2017 and prior Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 12,389 $ 47,165 $ 4,298 $ 529 $ 225 $ 15 $ 64,621 $ (20,944 ) $ 43,677 Average CQR 6,529 6,556 2,329 290 5 - 15,709 (3,449 ) 12,260 Low CQR - - 324 - 324 - 324 Total $ 18,918 $ 53,721 $ 6,627 $ 1,143 $ 230 $ 15 $ 80,654 $ (24,393 ) $ 56,261 Lease receivables: High CQR $ 9,322 $ 16,485 $ 4,423 $ 1,736 $ 247 $ 98 $ 32,311 $ (7,301 ) $ 25,010 Average CQR 6,020 13,634 2,719 754 186 31 23,344 (4,222 ) 19,122 Low CQR 150 - - - - - 150 - 150 Total $ 15,492 $ 30,119 $ 7,142 $ 2,490 $ 433 $ 129 $ 55,805 $ (11,523 ) $ 44,282 Total amortized cost (1) $ 34,410 $ 83,840 $ 13,769 $ 3,633 $ 663 $ 144 $ 136,459 $ (35,916 ) $ 100,543 (1) Unguaranteed residual values of $ thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $ thousand are excluded from amortized cost. (2) Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions. We evaluate our customers using an internally assigned credit quality rating (“CQR”): • High CQR: This rating includes accounts with excellent to good business credit, asset quality and capacity to meet financial obligations. Loss rates in this category are generally less than . • Average CQR: This rating includes accounts with average credit risk that are more susceptible to loss in the event of adverse business or economic conditions. Loss rates in this category are generally in the range of to . • Low CQR: This rating includes accounts that have marginal credit risk such that the customer’s ability to make repayment is impaired or may likely become impaired. The loss rates in this category in the normal course are generally in the range of to . The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2021 (in thousands): Amortized cost basis by origination year ending March 31, 2021 2020 2019 2018 2017 Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 93,793 $ 6,250 $ 769 $ 771 $ 19 $ 101,602 $ (63,471 ) $ 38,131 Average CQR 7,689 2,468 550 8 - 10,715 (2,896 ) 7,819 Low CQR - - 324 - - 324 - 324 Total $ 101,482 $ 8,718 $ 1,643 $ 779 $ 19 $ 112,641 $ (66,367 ) $ 46,274 Lease receivables: High CQR 28,898 $ 5,885 $ 1,798 $ 463 $ 125 $ 37,169 (7,468 ) $ 29,701 Average CQR 23,445 3,482 1,017 270 40 28,254 (4,592 ) 23,662 Low CQR - - - - - - - - Total $ 52,343 $ 9,367 $ 2,815 $ 733 $ 165 $ 65,423 $ (12,060 ) $ 53,363 Total amortized cost (1) $ 153,825 $ 18,085 $ 4,458 $ 1,512 184 $ 178,064 (78,427 ) $ 99,637 (1) Unguaranteed residual values of $ thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $ thousand are excluded from amortized cost. (2) Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions. The following table provides an aging analysis of our financing receivables as of , (in thousands): 31-60 Days Past Due 61-90 Days Past Due > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Cost Notes receivable $ 38 $ 5 $ 555 $ 598 $ 5,042 $ 5,640 $ 75,014 $ 80,654 Lease receivables 539 550 1,377 2,466 784 3,250 52,555 55,805 Total $ 577 $ 555 $ 1,932 $ 3,064 $ 5,826 $ 8,890 $ 127,569 $ 136,459 The following table provides an aging analysis of our financing receivables as of , (in thousands): 31-60 Days Past Due 61-90 Days Past Due > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Cost Notes receivable $ 648 $ 910 $ 673 $ 2,231 $ 3,240 $ 5,471 $ 107,170 $ 112,641 Lease receivables 804 132 643 1,579 2,566 4,145 61,278 65,423 Total $ 1,452 $ 1,042 $ 1,316 $ 3,810 $ 5,806 $ 9,616 $ 168,448 $ 178,064 Our financial assets on nonaccrual status were not significant as of June 30, 2021, and March 31, 2021.

PROPERTY, EQUIPMENT, OTHER ASSE

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES	3 Months Ended
	Jun. 30, 2021
PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES [Abstract]
PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES	7. PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES Our property, equipment, other assets and liabilities consist of the following (in thousands): June 30, 2021 March 31, 2021 Other current assets: Deposits & funds held in escrow $ 461 $ 759 Prepaid assets 11,547 9,939 Other 301 278 Total $ 12,309 $ 10,976 Property, equipment and other assets Property and equipment, net $ 7,607 $ 7,388 Deferred costs - non-current 17,645 19,063 Right-of-use assets 7,580 8,763 Other 8,450 7,075 Total $ 41,282 $ 42,289 Other current liabilities : Accrued expenses $ 13,638 $ 13,598 Accrued income taxes payable 6,564 4,439 Short-term lease liability 3,561 3,934 Other 6,107 8,090 Total $ 29,870 $ 30,061 Other liabilities : Deferred revenue - non-current $ 24,324 $ 26,309 Long-term lease liability 4,180 5,040 Other 5,285 5,330 Total $ 33,789 $ 36,679 In the above table, deposits and funds held in escrow relate to financial assets that were sold to third-party banks. In conjunction with those sales, a portion of the proceeds was placed in escrow and will be released to us upon payment of outstanding invoices related to the underlying financing arrangements that were sold.

CREDIT FACILITY AND NOTES PAYAB

CREDIT FACILITY AND NOTES PAYABLE	3 Months Ended
	Jun. 30, 2021
CREDIT FACILITY AND NOTES PAYABLE [Abstract]
CREDIT FACILITY AND NOTES PAYABLE	8. CREDIT FACILITY AND NOTES PAYABLE CREDIT FACILITY Within our technology segment, e Plus Technology, inc. and certain of its subsidiaries finance their operations, in addition to funds generated from operations, with a credit facility with Wells Fargo Commercial Distribution Finance, LLC (“WFCDF”). This facility provides short-term capital for our technology segment The WFCDF credit facility has an aggregate limit for th We may elect to temporarily increase the aggregate limit to Additionally, the WFCDF credit facility has a limit on the accounts receivable component of $ million. WFCDF charges us an interest rate equal to two As of June 30, 2021, the limit On July 2, 2021, we elected to temporarily increase the aggregate limit to $ million. Our borrowing availability under the credit facility varies based upon the value of the receivables and inventory of e Plus Technology, inc., and certain of its subsidiaries. We had outstanding balances of $ million and $ million under the floor plan component as of June 30, 2021, and March 31, 2021, respectively. This component is presented as part of as accounts payable – floorplan. We had outstanding balance under the accounts receivable component as of June 30, 2021, and as of March 31, 2021. This component is presented as part of recourse notes payable – current. The fair value of the outstanding balances under the WFCDF credit facility were approximately equal to their carrying value as of June 30, 2021, and March 31, 2021. The WFCDF credit facility is secured by the assets of e e The credit facility restricts the ability of e e June 30, 2021, and March 31, 2021 e The credit facility requires that financial statements of e written The loss of the WFCDF credit facility could have a material adverse effect on our future results as we currently rely on this facility and its components for daily working capital and liquidity for our technology segment and as an operational function of our accounts payable process. RECOURSE NOTES PAYABLE Recourse notes payable consist of borrowings that, in the event of default, the lender has recourse against us. We had $ million and in recourse borrowings as of June 30, 2021, and March 31, 2021, respectively, that is resulting from one installment payment arrangement. Our payments under this installment agreement are due quarterly in amounts that are correlated to the payments due to us from a customer under a related notes receivable. We discounted our payments to calculate our payable balance using an interest rate of as of both June 30, 2021, and March 31, 2021 NON-RECOURSE NOTES PAYABLE Non-recourse notes payable consists of borrowings that, in the event of a default by a customer, the lender generally only has recourse against the customer, and the assets serving as collateral, but not against us. As of June 30, 2021, and March 31, 2021 June 30, 2021, and March 31, 2021

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Jun. 30, 2021
COMMITMENTS AND CONTINGENCIES [Abstract]
COMMITMENTS AND CONTINGENCIES	9. COMMITMENTS AND CONTINGENCIES LEGAL PROCEEDINGS We are subject to various legal proceedings, as well as demands, claims and threatened litigation, that arise in the normal course of our business and have not been fully resolved. The ultimate outcome of any litigation is uncertain. When a loss related to a legal proceeding or claim is probable and reasonably estimable, we accrue our best estimate for the ultimate resolution of the matter. If one or more legal matters are resolved against us in a reporting period for amounts above management’s expectations, our financial condition and operating results for that period could be adversely affected. Any outcome, whether favorable or unfavorable, may materially and adversely affect us due to legal costs and expenses, diversion of management attention and other factors. We expense legal costs in the period incurred. We cannot assure that additional contingencies of a legal nature or contingencies having legal aspects will not be asserted against the us in the future, and these matters could relate to prior, current or future transactions or events

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Jun. 30, 2021
EARNINGS PER SHARE [Abstract]
EARNINGS PER SHARE	10. EARNINGS PER SHARE Basic earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is calculated by dividing net earnings available to common shareholders by the basic weighted average number of shares of common stock outstanding plus common stock equivalents during each period. The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations for the three months ended June 30, 2021, and 2020, respectively Three Months Ended June 30, 2021 2020 Net earnings attributable to common shareholders - basic and diluted $ 23,518 $ 17,360 Basic and diluted common shares outstanding: Weighted average common shares outstanding — basic 13,333 13,322 Effect of dilutive shares 108 66 Weighted average shares common outstanding — diluted 13,441 13,388 Earnings per common share - basic $ 1.76 $ 1.30 Earnings per common share - diluted $ 1.75 $ 1.30

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	3 Months Ended
	Jun. 30, 2021
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	11. STOCKHOLDERS’ EQUITY SHARE REPURCHASE PLAN On March 18, 2021, our board of directors authorized the repurchase of up to 500,000 shares of our outstanding common stock over a 12-month period beginning May 28, 2021, and ending on May 27, 2022. The plan authorized purchases to be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes. On May 20, 2020, our board of directors authorized the repurchase of up to 500,000 shares of our outstanding common stock over a 12-month period beginning May 28, 2020, and ending on May 27, 2021. The plan authorized purchases to be made from time to time in the open market, or in privately negotiated transactions, subject to availability. Any repurchased shares will have the status of treasury shares and may be used, when needed, for general corporate purposes. During the three months ended June 30, 2021, we purchased 17,629 shares of our outstanding common stock at a value of $1.6 million under the share repurchase plan; we also purchased 27,715 shares of common stock at a value of $2.6 million to satisfy tax withholding obligations relating to the vesting of employees’ restricted stock. During the three months ended June 30, 2020, no shares of our outstanding common stock were purchased under the share repurchase plan; we purchased 37,640 shares of common stock at a value of $2.7 million to satisfy tax withholding obligations relating to the vesting of employees’ restricted stock.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	3 Months Ended
	Jun. 30, 2021
SHARE-BASED COMPENSATION [Abstract]
SHARE-BASED COMPENSATION	12. SHARE-BASED COMPENSATION SHARE-BASED PLANS As of June 30, 2021, we had share-based awards outstanding under the following RESTRICTED STOCK ACTIVITY For the three months ended June 30, 2021, we granted 414 shares under the 2017 Director LTIP, and 77,861 restricted shares under the 2012 Employee LTIP. For the three months ended June 30, 2020, we granted 716 shares under the 2017 Director LTIP, and 89,873 restricted shares under the 2012 Employee LTIP. A summary of the grants is as follows: Number of Shares Weighted Average Grant-date Fair Value Nonvested April 1, 2021 183,378 $ 74.97 Granted 78,275 $ 92.20 Vested (81,276 ) $ 78.32 Nonvested June 30 2021 180,377 $ 80.94 Upon each vesting period of the restricted stock awards, employees are subject to minimum tax withholding obligations. Under the 2012 Employee LTIP, we may purchase a sufficient number of shares due to the participant to satisfy their minimum tax withholding on employee stock awards. For the three months ended June 30, 2021, we withheld 27,715 shares of common stock at a value of $2.6 million, which was included in treasury stock. COMPENSATION EXPENSE We recognize compensation cost for awards of restricted stock with graded vesting on a straight-line basis over the requisite service period. There are no additional conditions for vesting other than service conditions. During the three months ended June 30, 2021, and 2020, we recognized $1.7 million and $1.9 million of total share-based compensation expense, respectively. Unrecognized compensation expense related to non-vested restricted stock was $13.7 million as of June 30, 2021, which will be fully recognized over the next 36 months. We also provide our employees with a contributory 401(k) profit sharing plan, to which we may contribute from time to time at our sole discretion. Employer contributions to the plan are always fully vested. ur estimated contribution expense for the plan was $ million

INCOME TAXES

INCOME TAXES	3 Months Ended
	Jun. 30, 2021
INCOME TAXES [Abstract]
INCOME TAXES	13. INCOME TAXES We account for our tax positions in accordance with Codification Topic 740, Income Taxes Our total gross unrecognized tax benefits recorded for uncertain income tax, and interest and penalties thereon, were negligible as of June 30, 2021, and June 30, 2020. We had no additions or reductions to our gross unrecognized tax benefits during the three months ended June 30, 2021. We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	3 Months Ended
	Jun. 30, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	14. FAIR VALUE OF FINANCIAL INSTRUMENTS We account for the fair values of our assets and liabilities in accordance with Codification Topic 820, Fair Value Measurement and Disclosure. Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30 , 2021 Assets: Money market funds $ 6,136 $ 6,136 $ - $ - March 31 , 2021 Assets: Money market funds $ 45,134 $ 45,134 $ - $ -

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	3 Months Ended
	Jun. 30, 2021
BUSINESS COMBINATIONS [Abstract]
BUSINESS COMBINATIONS	15. BUSINESS COMBINATIONS SYSTEMS MANAGEMENT PLANNING (SMP) On December 31, 2020, our subsidiary, e e e Our sum of consideration transferred was $27.0 million consisting of $29.0 million paid in cash at closing less $2.0 million that was paid back to us in our quarter ended March 31, 2021, related to a working capital adjustment. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable $ 14,526 Other assets 3,344 Identified intangible assets 14,280 Accounts payable and other current liabilities (11,424 ) Performance obligations (2,020 ) Total identifiable net assets 18,706 Goodwill 8,328 Total purchase consideration $ 27,034 The identified intangible assets of $14.3 million consists of customer relationships with an estimated useful life of seven years. The fair value of acquired receivables equals the gross contractual amounts receivable. We expect to collect all acquired receivables. We recognized goodwill related to this transaction of $8.3 million, which was assigned to our technology reporting unit. The goodwill recognized in the acquisition is attributable to the acquired assembled workforce and expected synergies, none of which qualify for recognition as a separate intangible asset. The total amount of goodwill is expected to be deductible for tax purposes. The amount of revenues and earnings of the acquiree since the acquisition date are not material. Likewise, the impact to the revenue and earnings of the combined entity for the current reporting period as though the acquisition date had been April 1, 2020, is not material.

SEGMENT REPORTING

SEGMENT REPORTING	3 Months Ended
	Jun. 30, 2021
SEGMENT REPORTING [Abstract]
SEGMENT REPORTING	16. SEGMENT REPORTING Our operations are conducted through two operating segments that are also both reportable segments. Our technology segment includes sales of IT products, third-party software, third-party maintenance, advanced professional and managed services, and our proprietary software to commercial enterprises, state and local governments, and government contractors. Our financing segment consists of the financing of IT equipment, software, and related services to commercial enterprises, state and local governments, and government contractors. We measure the performance of the segments based on operating income. Our reportable segment information for the three month periods ended June 30, 2021, and 2020 are summarized in the following table (in thousands): Three Months Ended June 30, 2021 June 30, 2020 Technology Financing Total Technology Financing Total Sales Product $ 344,766 $ 16,291 $ 361,057 $ 293,433 $ 13,807 $ 307,240 Service 55,592 - 55,592 47,791 - 47,791 Net sales 400,358 16,291 416,649 341,224 13,807 355,031 Cost of Sales Product 271,015 6,212 277,227 224,543 2,091 226,634 Service 33,910 - 33,910 29,840 - 29,840 Total cost of sales 304,925 6,212 311,137 254,383 2,091 256,474 Gross Profit 95,433 10,079 105,512 86,841 11,716 98,557 Selling, general, and administrative 66,153 2,622 68,775 65,556 3,911 69,467 Depreciation and amortization 3,898 28 3,926 3,488 28 3,516 Interest and financing costs 159 200 359 265 312 577 Operating expenses 70,210 2,850 73,060 69,309 4,251 73,560 Operating income 25,223 7,229 32,452 17,532 7,465 24,997 Other income 123 98 Earnings before tax $ 32,575 $ 25,095 Net Sales Contracts with customers $ 396,541 $ 5,418 $ 401,959 $ 333,987 $ 960 $ 334,947 Financing and other 3,817 10,873 14,690 7,237 12,847 20,084 Net Sales $ 400,358 $ 16,291 $ 416,649 $ 341,224 $ 13,807 $ 355,031 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 4,103 $ 1,979 $ 6,082 $ 3,634 $ 1,145 $ 4,779 Purchases of property, equipment and operating lease equipment $ 1,307 $ 5,687 $ 6,994 $ 2,048 $ 229 $ 2,277 Selected Financial Data - Balance Sheet Total assets $ 868,276 $ 209,140 $ 1,077,416 $ 834,264 $ 224,598 $ 1,058,862 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, 2021 2020 Customer end market: Telecom, Media & Entertainment $ 112,192 $ 56,652 Technology 69,140 69,967 State and local government and educational institutions 65,415 70,563 Healthcare 54,688 46,535 Financial Services 30,011 47,421 All others 68,912 50,086 Net sales 400,358 341,224 Less: Revenue from financing and other (3,817 ) (7,237 ) Revenue from contracts with customers $ 396,541 $ 333,987 Three Months Ended June 30, 2021 2020 Vendor Cisco Systems $ 166,902 $ 127,932 Dell / EMC 26,340 31,081 Juniper Networks 24,714 13,579 HP Inc. & HPE 17,202 17,038 Arista Networks 11,498 6,820 NetApp 10,457 15,421 All others 143,245 129,353 Net sales 400,358 341,224 Less: Revenue from financing and other (3,817 ) (7,237 ) Revenue from contracts with customers $ 396,541 $ 333,987 FINANCING SEGMENT DISAGGREGATION OF REVENUE We analyze our revenues within our financing segment based on the nature of the arrangement. Our revenues from contracts with customers within our financing segment consist entirely of proceeds from the sale of off-lease equipment.

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	3 Months Ended
	Jun. 30, 2021
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION — The e acquisition.
INTERIM FINANCIAL STATEMENTS	INTERIM FINANCIAL STATEMENTS — The unaudited consolidated financial statements for the three months ended June 30, 2021, and 2020, were prepared by us and include all normal and recurring adjustments that, in the opinion of management, are necessary for a fair presentation of our financial position, results of operations, changes in comprehensive income, and cash flows for such periods. Operating results for the three months ended June 30, 2021, and 2020 are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending March 31, 2022, or any other future period. These unaudited consolidated financial statements do not include all disclosures required by the accounting principles generally accepted in the United States (“US GAAP”) for annual financial statements. Our audited consolidated financial statements are contained in our annual report on Form 10-K for the year ended March 31, 2021 (“2021 Annual Report”), which should be read in conjunction with these interim consolidated financial statements.
USE OF ESTIMATES	USE OF ESTIMATES — The estimates.
CONCENTRATIONS OF RISK	CONCENTRATIONS OF RISK — A substantial portion of our sales are products from Cisco Systems, which were 42% of our technology segment’s net sales for the three months ended June 30, 2021, and 37% for the three months ended June 30, 2020.

REVENUES (Tables)

REVENUES (Tables)	3 Months Ended
	Jun. 30, 2021
REVENUES [Abstract]
Balance of Receivables, Contract Assets, and Contract Liabilities	Accounts receivable – trade consists entirely of amounts due from contracts with customers. In addition, we had $ million and $ million of receivables from contracts with customers included within financing receivables as of June 30 2021, and March respectively. The following table provides the balance of contract liabilities from contracts with customers (in s): June 30, 2021 March 31, 2021 Current (included in deferred revenue) $ 76,261 $ 72,299 Non-current (included in other liabilities) $ 24,065 $ 26,042
Remaining Performance Obligations	The following table includes revenue expected to be recognized in the future related to performance obligations, primarily non-cancelable contracts for e Plus managed services, that are unsatisfied or partially unsatisfied at the end of the reporting period (in s). Remainder of the year ending March 31, 2022 $ 31,218 Year ending March 31, 2023 18,709 Year ending March 31, 2024 9,023 Year ending March 31, 2025 1,161 Year ending March 31, 2026 and thereafter 461 Total remaining performance obligations $ 60,572

FINANCING RECEIVABLES AND OPE_2

FINANCING RECEIVABLES AND OPERATING LEASES (Tables)	3 Months Ended
	Jun. 30, 2021
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
Sales-type Leases	The following table provides the profit recognized for sales-type leases at their commencement date, including modifications that are recognized on a net basis, for the three months ended June 30, 2021, and 2020 (in thousands): Three months ended June 30, 2021 2020 Net sales $ 3,817 $ 10,163 Cost of sales 3,365 5,327 Gross profit $ 452 $ 4,836 The following table provides interest income in aggregate on our sales-type leases and lease income on our operating leases for the three months ended June 30, 2021, and 2020 (in thousands): Three months ended June 30, 2021 2020 Interest income on sales-type leases $ 1,290 $ 2,219 Lease income on operating leases $ 5,210 $ 3,838
Notes Receivable Net and Investments in Leases	The following tables provide a disaggregation of our financing receivables – net (in s): June 30 2021 Notes Receivable Lease Receivables Financing Receivables Gross receivables $ 80,654 $ 58,360 $ 139,014 Unguaranteed residual value (1) - 14,207 14,207 Initial direct costs, net of amortization 242 - 242 Unearned income - (7,691 ) (7,691 ) Allowance for credit losses (2) (1,289 ) (873 ) (2,162 ) Total, net $ 79,607 $ 64,003 $ 143,610 Reported as: Current $ 39,452 $ 23,630 $ 63,082 Long-term 40,155 40,373 80,528 Total, net $ 79,607 $ 64,003 $ 143,610 (1) Includes unguaranteed residual values of $9,071 thousand that we retained after selling the related lease receivable. (2) Refer to Note 6, “Allowance for Credit Losses” for details. March 31 2021 Notes Receivable Lease Receivables Financing Receivables Gross receivables $ 112,641 $ 68,393 $ 181,034 Unguaranteed residual value (1) - 14,876 14,876 Initial direct costs, net of amortization 425 - 425 Unearned income - (8,393 ) (8,393 ) Allowance for credit losses (2) (1,212 ) (1,171 ) (2,383 ) Total, net $ 111,854 $ 73,705 $ 185,559 Reported as: Current $ 73,175 $ 33,097 $ 106,272 Long-term 38,679 40,608 79,287 Total, net $ 111,854 $ 73,705 $ 185,559 (1) Includes unguaranteed residual values of that we retained after selling the related lease receivable. (2) Refer to Note 6 “Allowance for Credit Losses” for details.
Investment in Operating Lease Equipment - Net	Operating leases—net represents leases that do not qualify as sales-type leases. The components of the operating leases—net are as follows (in thousands): June 30, 2021 March 31, 2021 Cost of equipment under operating leases $ 26,434 $ 18,748 Accumulated depreciation (8,685 ) (7,870 ) Investment in operating lease equipment—net (1) $ 17,749 $ 10,878 (1) Amounts include estimated unguaranteed residual values of $3.5 million and $2.5 million as of June 30, 2021, and March 31, 2021, respectively.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Jun. 30, 2021
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Changes in Goodwill	The following table summarizes the changes in the carrying amount of goodwill for the three months ended June 30, 2021 (in s): Three months ended June 30, 2021 Goodwill Accumulated Impairment Loss Net Carrying Amount Beginning balance $ 135,318 $ (8,673 ) $ 126,645 Foreign currency translations 6 - 6 Ending balance $ 135,324 $ (8,673 ) $ 126,651
Other Intangible Assets	Our other intangible assets consist of the following on June 30, 2021, and March 31, 2021 June 30, 2021 March 31, 2021 Gross Carrying Amount Accumulated Amortization Net Carrying Amount Gross Carrying Amount Accumulated Amortization Net Carrying Amount Customer relationships & other intangibles $ 77,345 $ (44,819 ) $ 32,526 $ 77,335 $ (42,115 ) $ 35,220 Capitalized software development 10,486 (7,472 ) 3,014 10,553 (7,159 ) 3,394 Total $ 87,831 $ (52,291 ) $ 35,540 $ 87,888 $ (49,274 ) $ 38,614

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	3 Months Ended
	Jun. 30, 2021
ALLOWANCE FOR CREDIT LOSSES [Abstract]
Activity in Reserves for Credit Losses	The following table provides the activity in our allowance for credit losses for the three months ended June 30, 2021, and 2020 (in thousands): Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2021 $ 2,064 $ 1,212 $ 1,171 $ 4,447 Provision for credit losses (40 ) 77 (298 ) (261 ) Write-offs and other (22 ) - - (22 ) Balance June 30 2021 $ 2,002 $ 1,289 $ 873 $ 4,164 Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2020 $ 1,781 $ 798 $ 610 $ 3,189 Provision for credit losses 329 341 117 787 Write-offs and other - - - - Balance June 30 2020 $ 2,110 $ 1,139 $ 727 $ 3,976
Amortized Cost Basis of Financing Receivables by CQR and Credit Origination Year	The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of June 30, 2021 (in thousands): Amortized cost basis by origination year ending March 31, 2022 2021 2020 2019 2018 2017 and prior Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 12,389 $ 47,165 $ 4,298 $ 529 $ 225 $ 15 $ 64,621 $ (20,944 ) $ 43,677 Average CQR 6,529 6,556 2,329 290 5 - 15,709 (3,449 ) 12,260 Low CQR - - 324 - 324 - 324 Total $ 18,918 $ 53,721 $ 6,627 $ 1,143 $ 230 $ 15 $ 80,654 $ (24,393 ) $ 56,261 Lease receivables: High CQR $ 9,322 $ 16,485 $ 4,423 $ 1,736 $ 247 $ 98 $ 32,311 $ (7,301 ) $ 25,010 Average CQR 6,020 13,634 2,719 754 186 31 23,344 (4,222 ) 19,122 Low CQR 150 - - - - - 150 - 150 Total $ 15,492 $ 30,119 $ 7,142 $ 2,490 $ 433 $ 129 $ 55,805 $ (11,523 ) $ 44,282 Total amortized cost (1) $ 34,410 $ 83,840 $ 13,769 $ 3,633 $ 663 $ 144 $ 136,459 $ (35,916 ) $ 100,543 (1) Unguaranteed residual values of $ thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $ thousand are excluded from amortized cost. (2) Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions. The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2021 (in thousands): Amortized cost basis by origination year ending March 31, 2021 2020 2019 2018 2017 Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 93,793 $ 6,250 $ 769 $ 771 $ 19 $ 101,602 $ (63,471 ) $ 38,131 Average CQR 7,689 2,468 550 8 - 10,715 (2,896 ) 7,819 Low CQR - - 324 - - 324 - 324 Total $ 101,482 $ 8,718 $ 1,643 $ 779 $ 19 $ 112,641 $ (66,367 ) $ 46,274 Lease receivables: High CQR 28,898 $ 5,885 $ 1,798 $ 463 $ 125 $ 37,169 (7,468 ) $ 29,701 Average CQR 23,445 3,482 1,017 270 40 28,254 (4,592 ) 23,662 Low CQR - - - - - - - - Total $ 52,343 $ 9,367 $ 2,815 $ 733 $ 165 $ 65,423 $ (12,060 ) $ 53,363 Total amortized cost (1) $ 153,825 $ 18,085 $ 4,458 $ 1,512 184 $ 178,064 (78,427 ) $ 99,637 (1) Unguaranteed residual values of $ thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $ thousand are excluded from amortized cost. (2) Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions.
Aging Analysis of Financing Receivables	The following table provides an aging analysis of our financing receivables as of , (in thousands): 31-60 Days Past Due 61-90 Days Past Due > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Cost Notes receivable $ 38 $ 5 $ 555 $ 598 $ 5,042 $ 5,640 $ 75,014 $ 80,654 Lease receivables 539 550 1,377 2,466 784 3,250 52,555 55,805 Total $ 577 $ 555 $ 1,932 $ 3,064 $ 5,826 $ 8,890 $ 127,569 $ 136,459 The following table provides an aging analysis of our financing receivables as of , (in thousands): 31-60 Days Past Due 61-90 Days Past Due > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Cost Notes receivable $ 648 $ 910 $ 673 $ 2,231 $ 3,240 $ 5,471 $ 107,170 $ 112,641 Lease receivables 804 132 643 1,579 2,566 4,145 61,278 65,423 Total $ 1,452 $ 1,042 $ 1,316 $ 3,810 $ 5,806 $ 9,616 $ 168,448 $ 178,064

PROPERTY, EQUIPMENT, OTHER AS_2

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES (Tables)	3 Months Ended
	Jun. 30, 2021
PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES [Abstract]
Property, Equipment, Other Assets and Liabilities	Our property, equipment, other assets and liabilities consist of the following (in thousands): June 30, 2021 March 31, 2021 Other current assets: Deposits & funds held in escrow $ 461 $ 759 Prepaid assets 11,547 9,939 Other 301 278 Total $ 12,309 $ 10,976 Property, equipment and other assets Property and equipment, net $ 7,607 $ 7,388 Deferred costs - non-current 17,645 19,063 Right-of-use assets 7,580 8,763 Other 8,450 7,075 Total $ 41,282 $ 42,289 Other current liabilities : Accrued expenses $ 13,638 $ 13,598 Accrued income taxes payable 6,564 4,439 Short-term lease liability 3,561 3,934 Other 6,107 8,090 Total $ 29,870 $ 30,061 Other liabilities : Deferred revenue - non-current $ 24,324 $ 26,309 Long-term lease liability 4,180 5,040 Other 5,285 5,330 Total $ 33,789 $ 36,679

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Jun. 30, 2021
EARNINGS PER SHARE [Abstract]
Reconciliation of Numerators and Denominators Used to Calculate Basic and Diluted Earnings per Common Share	The following table provides a reconciliation of the numerators and denominators used to calculate basic and diluted net income per common share as disclosed on our unaudited consolidated statements of operations for the three months ended June 30, 2021, and 2020, respectively Three Months Ended June 30, 2021 2020 Net earnings attributable to common shareholders - basic and diluted $ 23,518 $ 17,360 Basic and diluted common shares outstanding: Weighted average common shares outstanding — basic 13,333 13,322 Effect of dilutive shares 108 66 Weighted average shares common outstanding — diluted 13,441 13,388 Earnings per common share - basic $ 1.76 $ 1.30 Earnings per common share - diluted $ 1.75 $ 1.30

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	3 Months Ended
	Jun. 30, 2021
SHARE-BASED COMPENSATION [Abstract]
Summary of Grants	For the three months ended June 30, 2021, we granted 414 shares under the 2017 Director LTIP, and 77,861 restricted shares under the 2012 Employee LTIP. For the three months ended June 30, 2020, we granted 716 shares under the 2017 Director LTIP, and 89,873 restricted shares under the 2012 Employee LTIP. A summary of the grants is as follows: Number of Shares Weighted Average Grant-date Fair Value Nonvested April 1, 2021 183,378 $ 74.97 Granted 78,275 $ 92.20 Vested (81,276 ) $ 78.32 Nonvested June 30 2021 180,377 $ 80.94

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	3 Months Ended
	Jun. 30, 2021
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Fair Value Hierarchy of Financial Instruments	We account for the fair values of our assets and liabilities in accordance with Codification Topic 820, Fair Value Measurement and Disclosure. Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30 , 2021 Assets: Money market funds $ 6,136 $ 6,136 $ - $ - March 31 , 2021 Assets: Money market funds $ 45,134 $ 45,134 $ - $ -

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	3 Months Ended
	Jun. 30, 2021
Systems Management Planning (SMP) [Member]
Business Combination [Abstract]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our sum of consideration transferred was $27.0 million consisting of $29.0 million paid in cash at closing less $2.0 million that was paid back to us in our quarter ended March 31, 2021, related to a working capital adjustment. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable $ 14,526 Other assets 3,344 Identified intangible assets 14,280 Accounts payable and other current liabilities (11,424 ) Performance obligations (2,020 ) Total identifiable net assets 18,706 Goodwill 8,328 Total purchase consideration $ 27,034

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	3 Months Ended
	Jun. 30, 2021
SEGMENT REPORTING [Abstract]
Segment Reporting Information, by Reportable Segment	Our reportable segment information for the three month periods ended June 30, 2021, and 2020 are summarized in the following table (in thousands): Three Months Ended June 30, 2021 June 30, 2020 Technology Financing Total Technology Financing Total Sales Product $ 344,766 $ 16,291 $ 361,057 $ 293,433 $ 13,807 $ 307,240 Service 55,592 - 55,592 47,791 - 47,791 Net sales 400,358 16,291 416,649 341,224 13,807 355,031 Cost of Sales Product 271,015 6,212 277,227 224,543 2,091 226,634 Service 33,910 - 33,910 29,840 - 29,840 Total cost of sales 304,925 6,212 311,137 254,383 2,091 256,474 Gross Profit 95,433 10,079 105,512 86,841 11,716 98,557 Selling, general, and administrative 66,153 2,622 68,775 65,556 3,911 69,467 Depreciation and amortization 3,898 28 3,926 3,488 28 3,516 Interest and financing costs 159 200 359 265 312 577 Operating expenses 70,210 2,850 73,060 69,309 4,251 73,560 Operating income 25,223 7,229 32,452 17,532 7,465 24,997 Other income 123 98 Earnings before tax $ 32,575 $ 25,095 Net Sales Contracts with customers $ 396,541 $ 5,418 $ 401,959 $ 333,987 $ 960 $ 334,947 Financing and other 3,817 10,873 14,690 7,237 12,847 20,084 Net Sales $ 400,358 $ 16,291 $ 416,649 $ 341,224 $ 13,807 $ 355,031 Selected Financial Data - Statement of Cash Flow Depreciation and amortization $ 4,103 $ 1,979 $ 6,082 $ 3,634 $ 1,145 $ 4,779 Purchases of property, equipment and operating lease equipment $ 1,307 $ 5,687 $ 6,994 $ 2,048 $ 229 $ 2,277 Selected Financial Data - Balance Sheet Total assets $ 868,276 $ 209,140 $ 1,077,416 $ 834,264 $ 224,598 $ 1,058,862
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, 2021 2020 Customer end market: Telecom, Media & Entertainment $ 112,192 $ 56,652 Technology 69,140 69,967 State and local government and educational institutions 65,415 70,563 Healthcare 54,688 46,535 Financial Services 30,011 47,421 All others 68,912 50,086 Net sales 400,358 341,224 Less: Revenue from financing and other (3,817 ) (7,237 ) Revenue from contracts with customers $ 396,541 $ 333,987 Three Months Ended June 30, 2021 2020 Vendor Cisco Systems $ 166,902 $ 127,932 Dell / EMC 26,340 31,081 Juniper Networks 24,714 13,579 HP Inc. & HPE 17,202 17,038 Arista Networks 11,498 6,820 NetApp 10,457 15,421 All others 143,245 129,353 Net sales 400,358 341,224 Less: Revenue from financing and other (3,817 ) (7,237 ) Revenue from contracts with customers $ 396,541 $ 333,987

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Net Sales [Member] | Product Concentration Risk [Member] | Cisco Systems [Member] | Technology Segment [Member]
Concentration of risk [Abstract]
Percentage of concentration risk	42.00%	37.00%

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Contract with Customer, Asset and Liability [Abstract]
Accounts receivable - trade	$ 49,600		$ 54,600
Current (included in deferred revenue)	76,261		72,299
Non-current (included in other liabilities)	24,065		$ 26,042
Revenue recognized from the beginning contract liability	21,500	$ 15,600
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	60,572
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2021-07-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 31,218
Expected timing of satisfaction, period	9 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 18,709
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 9,023
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 1,161
Expected timing of satisfaction, period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 461
Expected timing of satisfaction, period

FINANCING RECEIVABLES AND OPE_3

FINANCING RECEIVABLES AND OPERATING LEASES (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2021		Jun. 30, 2020	Mar. 31, 2021		Mar. 31, 2020
Profit Recognized for Sales-type Leases [Abstract]
Net sales		$ 3,817		$ 10,163
Cost of sales		3,365		5,327
Gross Profit		452		4,836
Interest Income on Sales-type Leases [Abstract]
Interest Income on sales-type leases		1,290		2,219
Lease income on operating leases		5,210		3,838
Financing Receivables [Abstract]
Unguaranteed residual value		9,071			$ 9,453
Initial direct costs, net of amortization		242			425
Allowance for credit losses		(4,164)		(3,976)	(4,447)		$ (3,189)
Reported as [Abstract]
Current		63,082			106,272
Future scheduled minimum lease payments [Abstract]
Unguaranteed residual value for sales-type leases		9,071			9,453
Investment in operating lease equipment - net [Abstract]
Cost of equipment under operating leases		26,434			18,748
Accumulated depreciation		(8,685)			(7,870)
Investment in operating lease equipment - net	[1]	17,749			10,878
Unguaranteed residual value of operating lease equipment net		3,500			2,500
Future scheduled minimum lease rental payments [Abstract]
Collateral for non-recourse notes payable - Finance receivables		12,400			60,500
Collateral for non-recourse notes payable - Operating leases		5,700			3,300
Gain on sale of financing receivables		3,200		2,500
Proceeds from sale of financing receivables		75,300		73,200
Contract liabilities - servicing of financial assets		300			300
Notes Receivables [Member]
Financing Receivables [Abstract]
Gross receivables		80,654			112,641
Unguaranteed residual value		0	[2]		0	[3]
Initial direct costs, net of amortization		242			425
Unearned income		0			0
Allowance for credit losses		(1,289)	[4]	(1,139)	(1,212)	[4]	(798)
Total, net		79,607			111,854
Reported as [Abstract]
Current		39,452			73,175
Long-term		40,155			38,679
Total, net		79,607			111,854
Lease Receivables [Member]
Financing Receivables [Abstract]
Gross receivables		58,360			68,393
Unguaranteed residual value		14,207	[2]		14,876	[3]
Initial direct costs, net of amortization		0			0
Unearned income		(7,691)			(8,393)
Allowance for credit losses		(873)	[4]	$ (727)	(1,171)	[4]	$ (610)
Total, net		64,003			73,705
Reported as [Abstract]
Current		23,630			33,097
Long-term		40,373			40,608
Total, net		64,003			73,705
Financing Receivables [Member]
Financing Receivables [Abstract]
Gross receivables		139,014			181,034
Unguaranteed residual value		14,207	[2]		14,876	[3]
Initial direct costs, net of amortization		242			425
Unearned income		(7,691)			(8,393)
Allowance for credit losses	[4]	(2,162)			(2,383)
Total, net		143,610			185,559
Reported as [Abstract]
Current		63,082			106,272
Long-term		80,528			79,287
Total, net		$ 143,610			$ 185,559
[1]	Amounts include estimated unguaranteed residual values of $3.5 million and $2.5 million as of June 30, 2021, and March 31, 2021, respectively.
[2]	Includes unguaranteed residual values of $9,071 thousand that we retained after selling the related lease receivable.
[3]	Includes unguaranteed residual values of $9,453 thousand that we retained after selling the related lease receivable.
[4]	Refer to Note 6, “Allowance for Credit Losses” for details.

LESSEE ACCOUNTING (Details)

LESSEE ACCOUNTING (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Lessee, Operating Lease [Abstract]
Rent expense	$ 1.3	$ 1.6
Maximum [Member]
Lessee, Operating Lease [Abstract]
Operating lease term	6 years

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, Goodwill (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)Unit
Goodwill [Roll Forward]
Goodwill, Beginning Balance	$ 135,318
Goodwill, Impairment Loss, Beginning Balance	(8,673)
Goodwill, Net Carrying Amount, Beginning Balance	126,645
Foreign currency translations	6
Goodwill, Ending Balance	135,324
Goodwill, Impairment Loss, Ending Balance	(8,673)
Goodwill, Net Carrying Amount, Ending Balance	$ 126,651
Number of reporting units | Unit	1

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021
Other Intangible Assets [Abstract]
Gross carrying amount	$ 87,831		$ 87,888
Accumulated amortization	(52,291)		(49,274)
Net carrying amount	35,540		38,614
Total amortization expense for customer relationships and other intangible assets	3,000	$ 2,500
Customer Relationships and Other Intangibles [Member]
Other Intangible Assets [Abstract]
Gross carrying amount	77,345		77,335
Accumulated amortization	(44,819)		(42,115)
Net carrying amount	$ 32,526		35,220
Customer Relationships and Other Intangibles [Member] | Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	5 years
Customer Relationships and Other Intangibles [Member] | Maximum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	10 years
Capitalized Software Development [Member]
Other Intangible Assets [Abstract]
Gross carrying amount	$ 10,486		10,553
Accumulated amortization	(7,472)		(7,159)
Net carrying amount	$ 3,014		$ 3,394
Capitalized Software Development [Member] | Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	5 years
Customer Relationships [Member] | Systems Management and Planning, Inc. ("SMP") [Member]
Other Intangible Assets [Abstract]
Estimated useful life	7 years

ALLOWANCE FOR CREDIT LOSSES, Ac

ALLOWANCE FOR CREDIT LOSSES, Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021		Jun. 30, 2020
Activity in reserves for credit losses [Roll Forward]
Balance	$ 4,447		$ 3,189
Provision for credit losses	(261)		787
Write-offs and other	(22)		0
Balance	4,164		3,976
Accounts Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	2,064		1,781
Provision for credit losses	(40)		329
Write-offs and other	(22)		0
Balance	2,002		2,110
Notes Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	1,212	[1]	798
Provision for credit losses	77		341
Write-offs and other	0		0
Balance	1,289	[1]	1,139
Lease Receivables [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	1,171	[1]	610
Provision for credit losses	(298)		117
Write-offs and other	0		0
Balance	$ 873	[1]	$ 727
[1]	Refer to Note 6, “Allowance for Credit Losses” for details.

ALLOWANCE FOR CREDIT LOSSES, Am

ALLOWANCE FOR CREDIT LOSSES, Amortized Cost Basis (Details) - USD ($) $ in Thousands		3 Months Ended
		Jun. 30, 2021		Mar. 31, 2021
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		$ 34,410	[1]	$ 153,825	[2]
2021/2020		83,840	[1]	18,085	[2]
2020/2019		13,769	[1]	4,458	[2]
2019/2018		3,633	[1]	1,512	[2]
2018/2017		663	[1]	184	[2]
2017 and prior	[1]	144
Total		136,459	[1]	178,064	[2]
Transfers	[3]	(35,916)	[1]	(78,427)	[2]
Net credit exposure		100,543	[1]	99,637	[2]
Unguaranteed residual value		9,071		9,453
Lease receivable and initial direct costs of notes receivable, net of amortization		242		425
Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		18,918		101,482
2021/2020		53,721		8,718
2020/2019		6,627		1,643
2019/2018		1,143		779
2018/2017		230		19
2017 and prior		15
Total		80,654		112,641
Transfers	[3]	(24,393)		(66,367)
Net credit exposure		56,261		46,274
Unguaranteed residual value		0	[4]	0	[5]
Lease receivable and initial direct costs of notes receivable, net of amortization		242		425
Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		15,492		52,343
2021/2020		30,119		9,367
2020/2019		7,142		2,815
2019/2018		2,490		733
2018/2017		433		165
2017 and prior		129
Total		55,805		65,423
Transfers	[3]	(11,523)		(12,060)
Net credit exposure		44,282		53,363
Unguaranteed residual value		14,207	[4]	14,876	[5]
Lease receivable and initial direct costs of notes receivable, net of amortization		$ 0		0
High CQR [Member] | Minimum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating		10.00%
High CQR [Member] | Maximum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating		100.00%
High CQR [Member] | Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		$ 12,389		93,793
2021/2020		47,165		6,250
2020/2019		4,298		769
2019/2018		529		771
2018/2017		225		19
2017 and prior		15
Total		64,621		101,602
Transfers	[3]	(20,944)		(63,471)
Net credit exposure		43,677		38,131
High CQR [Member] | Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		9,322		28,898
2021/2020		16,485		5,885
2020/2019		4,423		1,798
2019/2018		1,736		463
2018/2017		247		125
2017 and prior		98
Total		32,311		37,169
Transfers	[3]	(7,301)		(7,468)
Net credit exposure		$ 25,010		29,701
Average CQR [Member] | Minimum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating		2.00%
Average CQR [Member] | Maximum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating		10.00%
Average CQR [Member] | Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		$ 6,529		7,689
2021/2020		6,556		2,468
2020/2019		2,329		550
2019/2018		290		8
2018/2017		5		0
2017 and prior		0
Total		15,709		10,715
Transfers	[3]	(3,449)		(2,896)
Net credit exposure		12,260		7,819
Average CQR [Member] | Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		6,020		23,445
2021/2020		13,634		3,482
2020/2019		2,719		1,017
2019/2018		754		270
2018/2017		186		40
2017 and prior		31
Total		23,344		28,254
Transfers	[3]	(4,222)		(4,592)
Net credit exposure		$ 19,122		23,662
Low CQR [Member] | Maximum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating		1.00%
Low CQR [Member] | Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		$ 0		0
2021/2020		0		0
2020/2019				324
2019/2018		324		0
2018/2017		0		0
Total		324		324
Transfers	[3]	0		0
Net credit exposure		324		324
Low CQR [Member] | Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2022/2021		150		0
2021/2020		0		0
2020/2019		0		0
2019/2018		0		0
2018/2017		0		0
2017 and prior		0
Total		150		0
Transfers	[3]	0		0
Net credit exposure		$ 150		$ 0
[1]	Unguaranteed residual values of $9,071 thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $242 thousand are excluded from amortized cost.
[2]	Unguaranteed residual values of $9,453 thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $425 thousand are excluded from amortized cost.
[3]	Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis and receivables that are in the process of being transferred to third-party financial institutions.
[4]	Includes unguaranteed residual values of $9,071 thousand that we retained after selling the related lease receivable.
[5]	Includes unguaranteed residual values of $9,453 thousand that we retained after selling the related lease receivable.

ALLOWANCE FOR CREDIT LOSSES, Ag

ALLOWANCE FOR CREDIT LOSSES, Aging Analysis (Details) - USD ($) $ in Thousands	Jun. 30, 2021		Mar. 31, 2021
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Billed	$ 8,890		$ 9,616
Unbilled	127,569		168,448
Total	136,459	[1]	178,064	[2]
Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Billed	5,640		5,471
Unbilled	75,014		107,170
Total	80,654		112,641
Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Billed	3,250		4,145
Unbilled	52,555		61,278
Total	55,805		65,423
High CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	64,621		101,602
High CQR [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	32,311		37,169
Average CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	15,709		10,715
Average CQR [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	23,344		28,254
Low CQR [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	324		324
Low CQR [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	150		0
Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	3,064		3,810
Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	598		2,231
Past Due [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	2,466		1,579
31 to 60 Days Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	577		1,452
31 to 60 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	38		648
31 to 60 Days Past Due [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	539		804
61 to 90 Days Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	555		1,042
61 to 90 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	5		910
61 to 90 Days Past Due [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	550		132
> 90 Days Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	1,932		1,316
> 90 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	555		673
> 90 Days Past Due [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	1,377		643
Current [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	5,826		5,806
Current [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	5,042		3,240
Current [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	$ 784		$ 2,566
[1]	Unguaranteed residual values of $9,071 thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $242 thousand are excluded from amortized cost.
[2]	Unguaranteed residual values of $9,453 thousand that we retained after selling the related lease receivable and initial direct costs of notes receivable of $425 thousand are excluded from amortized cost.

PROPERTY, EQUIPMENT, OTHER AS_3

PROPERTY, EQUIPMENT, OTHER ASSETS AND LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Other current assets [Abstract]
Deposits & funds held in escrow	$ 461	$ 759
Prepaid assets	11,547	9,939
Other	301	278
Total	12,309	10,976
Property, equipment and other assets [Abstract]
Property and equipment, net	7,607	7,388
Deferred costs - non-current	17,645	19,063
Right-of-use assets	7,580	8,763
Other	8,450	7,075
Total	$ 41,282	$ 42,289
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Total	Total
Other current liabilities [Abstract]
Accrued expenses	$ 13,638	$ 13,598
Accrued income taxes payable	6,564	4,439
Short-term lease liability	3,561	3,934
Other	6,107	8,090
Total	$ 29,870	$ 30,061
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Total	Total
Other liabilities [Abstract]
Deferred revenue - non-current	$ 24,324	$ 26,309
Long-term lease liability	4,180	5,040
Other	5,285	5,330
Total	$ 33,789	$ 36,679
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Total	Total

CREDIT FACILITY AND NOTES PAY_2

CREDIT FACILITY AND NOTES PAYABLE (Details) $ in Millions	3 Months Ended
	Jun. 30, 2021USD ($)Component	Jul. 02, 2021USD ($)	Mar. 31, 2021USD ($)
Credit Facility [Abstract]
Maximum borrowing capacity under credit facility	$ 275
Subsequent Event [Member]
Credit Facility [Abstract]
Maximum borrowing capacity under credit facility		$ 350
Recourse Note Payable [Member]
Notes Payable [Abstract]
Weighted average interest rate of notes	3.50%
Notes Payable [Member] | Recourse [Member]
Notes Payable [Abstract]
Long-term Debt	$ 17		$ 18.1
Weighted average interest rate of notes			3.50%
Notes Payable [Member] | Non-recourse [Member]
Notes Payable [Abstract]
Long-term Debt	$ 15.3		$ 56.1
Weighted average interest rate of notes	3.66%		3.35%
WFCDF [Member]
Credit Facility [Abstract]
Number of components under credit facility | Component	2
Maximum borrowing capacity under credit facility	$ 275
Guarantor obligations for credit facility, maximum	$ 10.5
Period of notice required to terminate credit facility at quarter end	45 days
Period of notice required to terminate credit facility at year end	90 days
WFCDF [Member] | Minimum [Member]
Credit Facility [Abstract]
Period of temporary increase of aggregate limit on credit facility	30 days
WFCDF [Member] | Maximum [Member]
Credit Facility [Abstract]
Aggregate period of temporary increase of aggregate limit on credit facility in a calendar year	150 days
WFCDF [Member] | Floor Plan Component [Member]
Credit Facility [Abstract]
Amount outstanding under credit facility	$ 139.6		$ 98.7
WFCDF [Member] | Account Receivable Component [Member]
Credit Facility [Abstract]
Amount outstanding under credit facility	0		$ 0
Maximum borrowing capacity under credit facility	$ 100
Basis spread on reference rate	2.00%
WFCDF [Member] | Account Receivable Component [Member] | LIBOR [Member]
Credit Facility [Abstract]
Basis spread on reference rate	0.75%
Debt instrument term of variable rate	1 month
Election under WFCDF [Member]
Credit Facility [Abstract]
Maximum borrowing capacity under credit facility	$ 350

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Earnings Per Share, Basic and Diluted [Abstract]
Net earnings attributable to common shareholders - basic and diluted	$ 23,518	$ 17,360
Basic and diluted common shares outstanding [Abstract]
Weighted average common shares outstanding - basic (in shares)	13,333	13,322
Effect of dilutive shares (in shares)	108	66
Weighted average shares common outstanding - diluted (in shares)	13,441	13,388
Earnings per common share - basic (in dollars per share)	$ 1.76	$ 1.30
Earnings per common share - diluted (in dollars per share)	$ 1.75	$ 1.30

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Mar. 18, 2021	May 20, 2020
STOCKHOLDERS' EQUITY [Abstract]
Authorized number of shares under stock repurchase program (in shares)			500,000	500,000
Common stock repurchased during the period (in shares)	17,629	0
Common stock repurchased during the period	$ 1.6
Shares repurchased to satisfy tax withholding obligation (in shares)	27,715	37,640
Value of shares repurchased to satisfy tax withholding obligation	$ 2.6	$ 2.7

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Additional Disclosures [Abstract]
Vested share-based awards withheld to satisfy income tax obligations (in shares)	27,715	37,640
Vested share-based awards withheld to satisfy income tax obligations	$ 2.6	$ 2.7
Restricted Stock [Member]
Number of Shares [Roll Forward]
Nonvested at beginning of period (in shares)	183,378
Granted (in shares)	78,275
Vested (in shares)	(81,276)
Nonvested at end of period (in shares)	180,377
Weighted Average Grant-date Fair Value [Roll Forward]
Nonvested at beginning of period (in dollars per share)	$ 74.97
Granted (in dollars per share)	92.20
Vested (in dollars per share)	78.32
Nonvested at end of period (in dollars per share)	$ 80.94
2017 Director LTIP [Member] | Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)	414	716
2012 Employee LTIP [Member] | Restricted Stock [Member]
Number of Shares [Roll Forward]
Granted (in shares)	77,861	89,873

SHARE-BASED COMPENSATION, Compe

SHARE-BASED COMPENSATION, Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Compensation Expense [Abstract]
Total share-based compensation expense	$ 1,735	$ 1,885
401(k) Profit Sharing Plan [Abstract]
Contribution to profit sharing plan	800	$ 700
Restricted Stock [Member]
Compensation Expense [Abstract]
Unrecognized compensation expense	$ 13,700
Unrecognized compensation expense, period for recognition	36 months

INCOME TAXES (Details)

INCOME TAXES (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)
INCOME TAXES [Abstract]
Additions or reductions to gross unrecognized tax benefits	$ 0

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Jun. 30, 2021	Mar. 31, 2021
Assets [Abstract]
Money market funds	$ 6,136	$ 45,134
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Money market funds	6,136	45,134
Significant Other Observable Inputs (Level 2) [Member]
Assets [Abstract]
Money market funds	0	0
Significant Unobservable Inputs (Level 3) [Member]
Assets [Abstract]
Money market funds	$ 0	$ 0

BUSINESS COMBINATIONS (Details)

BUSINESS COMBINATIONS (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Mar. 31, 2021	Dec. 31, 2020
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill	$ 126,651	$ 126,645
Systems Management Planning (SMP) [Member]
Business Combination [Abstract]
Cash portion of the acquisition	$ 29,000
Receivable related to working capital adjustment		$ 2,000
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable			$ 14,526
Other assets			3,344
Identified intangible assets			14,280
Accounts payable and other current liabilities			(11,424)
Performance obligation			(2,020)
Total identifiable net assets			18,706
Goodwill			8,328
Total purchase consideration			$ 27,034
Systems Management Planning (SMP) [Member] | Customer Relationships [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Estimated useful lives	7 years

SEGMENT REPORTING, Reportable S

SEGMENT REPORTING, Reportable Segment Information (Details) $ in Thousands	3 Months Ended
	Jun. 30, 2021USD ($)Segment	Jun. 30, 2020USD ($)	Mar. 31, 2021USD ($)
SEGMENT REPORTING [Abstract]
Number of business segments | Segment	2
Reportable Segment Information [Abstract]
Net sales	$ 416,649	$ 355,031
Cost of Sales [Abstract]
Cost of sales	311,137	256,474
Gross profit	105,512	98,557
Selling, general, and administrative	68,775	69,467
Depreciation and amortization	3,926	3,516
Interest and financing costs	359	577
Operating expenses	73,060	73,560
Operating income	32,452	24,997
Other income	123	98
Earnings before tax	32,575	25,095
Net Sales [Abstract]
Contracts with customers	401,959	334,947
Financing and other	14,690	20,084
Net sales	416,649	355,031
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization	6,082	4,779
Purchases of property, equipment and operating lease equipment	6,994	2,277
Selected Financial Data - Balance Sheet [Abstract]
Total assets	1,077,416	1,058,862	$ 1,076,775
Product [Member]
Reportable Segment Information [Abstract]
Net sales	361,057	307,240
Cost of Sales [Abstract]
Cost of sales	277,227	226,634
Net Sales [Abstract]
Net sales	361,057	307,240
Service [Member]
Reportable Segment Information [Abstract]
Net sales	55,592	47,791
Cost of Sales [Abstract]
Cost of sales	33,910	29,840
Net Sales [Abstract]
Net sales	55,592	47,791
Technology Segment [Member]
Reportable Segment Information [Abstract]
Net sales	400,358	341,224
Net Sales [Abstract]
Contracts with customers	396,541	333,987
Financing and other	3,817	7,237
Net sales	400,358	341,224
Operating Segments [Member] | Technology Segment [Member]
Reportable Segment Information [Abstract]
Net sales	400,358	341,224
Cost of Sales [Abstract]
Cost of sales	304,925	254,383
Gross profit	95,433	86,841
Selling, general, and administrative	66,153	65,556
Depreciation and amortization	3,898	3,488
Interest and financing costs	159	265
Operating expenses	70,210	69,309
Operating income	25,223	17,532
Net Sales [Abstract]
Contracts with customers	396,541	333,987
Financing and other	3,817	7,237
Net sales	400,358	341,224
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization	4,103	3,634
Purchases of property, equipment and operating lease equipment	1,307	2,048
Selected Financial Data - Balance Sheet [Abstract]
Total assets	868,276	834,264
Operating Segments [Member] | Technology Segment [Member] | Product [Member]
Reportable Segment Information [Abstract]
Net sales	344,766	293,433
Cost of Sales [Abstract]
Cost of sales	271,015	224,543
Net Sales [Abstract]
Net sales	344,766	293,433
Operating Segments [Member] | Technology Segment [Member] | Service [Member]
Reportable Segment Information [Abstract]
Net sales	55,592	47,791
Cost of Sales [Abstract]
Cost of sales	33,910	29,840
Net Sales [Abstract]
Net sales	55,592	47,791
Operating Segments [Member] | Financing Segment [Member]
Reportable Segment Information [Abstract]
Net sales	16,291	13,807
Cost of Sales [Abstract]
Cost of sales	6,212	2,091
Gross profit	10,079	11,716
Selling, general, and administrative	2,622	3,911
Depreciation and amortization	28	28
Interest and financing costs	200	312
Operating expenses	2,850	4,251
Operating income	7,229	7,465
Net Sales [Abstract]
Contracts with customers	5,418	960
Financing and other	10,873	12,847
Net sales	16,291	13,807
Selected Financial Data - Statement of Cash Flow [Abstract]
Depreciation and amortization	1,979	1,145
Purchases of property, equipment and operating lease equipment	5,687	229
Selected Financial Data - Balance Sheet [Abstract]
Total assets	209,140	224,598
Operating Segments [Member] | Financing Segment [Member] | Product [Member]
Reportable Segment Information [Abstract]
Net sales	16,291	13,807
Cost of Sales [Abstract]
Cost of sales	6,212	2,091
Net Sales [Abstract]
Net sales	16,291	13,807
Operating Segments [Member] | Financing Segment [Member] | Service [Member]
Reportable Segment Information [Abstract]
Net sales	0	0
Cost of Sales [Abstract]
Cost of sales	0	0
Net Sales [Abstract]
Net sales	$ 0	$ 0

SEGMENT REPORTING, Technology S

SEGMENT REPORTING, Technology Segment Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
Disaggregation of Revenue [Abstract]
Net sales	$ 416,649	$ 355,031
Less: Revenue from financing and other	(14,690)	(20,084)
Revenue from contracts with customers	401,959	334,947
Technology Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales	400,358	341,224
Less: Revenue from financing and other	(3,817)	(7,237)
Revenue from contracts with customers	396,541	333,987
Technology Segment [Member] | Telecom, Media & Entertainment [Member]
Disaggregation of Revenue [Abstract]
Net sales	112,192	56,652
Technology Segment [Member] | Technology [Member]
Disaggregation of Revenue [Abstract]
Net sales	69,140	69,967
Technology Segment [Member] | State and Local Government and Educational Institutions [Member]
Disaggregation of Revenue [Abstract]
Net sales	65,415	70,563
Technology Segment [Member] | Health Care [Member]
Disaggregation of Revenue [Abstract]
Net sales	54,688	46,535
Technology Segment [Member] | Financial Services [Member]
Disaggregation of Revenue [Abstract]
Net sales	30,011	47,421
Technology Segment [Member] | All others [Member]
Disaggregation of Revenue [Abstract]
Net sales	68,912	50,086
Technology Segment [Member] | Cisco Systems [Member]
Disaggregation of Revenue [Abstract]
Net sales	166,902	127,932
Technology Segment [Member] | Dell / EMC [Member]
Disaggregation of Revenue [Abstract]
Net sales	26,340	31,081
Technology Segment [Member] | Juniper Networks [Member]
Disaggregation of Revenue [Abstract]
Net sales	24,714	13,579
Technology Segment [Member] | HP Inc. & HPE [Member]
Disaggregation of Revenue [Abstract]
Net sales	17,202	17,038
Technology Segment [Member] | Arista Networks [Member]
Disaggregation of Revenue [Abstract]
Net sales	11,498	6,820
Technology Segment [Member] | NetApp [Member]
Disaggregation of Revenue [Abstract]
Net sales	10,457	15,421
Technology Segment [Member] | All others [Member]
Disaggregation of Revenue [Abstract]
Net sales	$ 143,245	$ 129,353