ePlus (PLUS) 10-Q 7 Feb 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Dec. 31, 2023	Feb. 02, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Period End Date	Dec. 31, 2023
Current Fiscal Year End Date	--03-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q3
Document Transition Report	false
Entity File Number	1-34167
Entity Registrant Name	ePlus inc.
Entity Central Index Key	0001022408
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		26,954,906

UNAUDITED CONSOLIDATED BALANCE

UNAUDITED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023
Current assets:
Cash and cash equivalents	$ 142,170	$ 103,093
Accounts receivable-trade, net	597,363	504,122
Accounts receivable-other, net	50,055	55,508
Inventories	218,046	243,286
Financing receivables-net, current	110,344	89,829
Deferred costs	54,279	44,191
Other current assets	47,057	55,101
Total current assets	1,219,314	1,095,130
Financing receivables and operating leases-net	87,012	84,417
Deferred tax asset	3,682	3,682
Property, equipment, and other assets-net	84,335	70,447
Goodwill	158,284	136,105
Other intangible assets-net	42,970	25,045
TOTAL ASSETS	1,595,597	1,414,826
Current liabilities:
Accounts payable	294,705	220,159
Accounts payable-floor plan	92,518	134,615
Salaries and commissions payable	45,372	37,336
Deferred revenue	130,352	114,028
Other current liabilities	32,351	24,372
Total current liabilities	631,463	561,326
Non-recourse notes payable - long-term	12,233	9,522
Deferred tax liability	561	715
Other liabilities	73,587	60,998
TOTAL LIABILITIES	717,844	632,561
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; 50,000 shares authorized; 26,954 outstanding at December 31, 2023 and 26,905 outstanding at March 31, 2023	274	272
Additional paid-in capital	177,465	167,303
Treasury stock, at cost, 446 shares at December 31, 2023 and 261 shares at March 31, 2023	(23,774)	(14,080)
Retained earnings	720,995	627,202
Accumulated other comprehensive income-foreign currency translation adjustment	2,793	1,568
Total Stockholders' Equity	877,753	782,265
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	1,595,597	1,414,826
Recourse [Member]
Current liabilities:
Notes payable-current	0	5,997
Non-recourse [Member]
Current liabilities:
Notes payable-current	$ 36,165	$ 24,819

UNAUDITED CONSOLIDATED BALANC_2

UNAUDITED CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Thousands	Dec. 31, 2023	Mar. 31, 2023
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)	50,000	50,000
Common stock, shares outstanding (in shares)	26,954	26,905
Treasury stock, shares (in shares)	446	261

UNAUDITED CONSOLIDATED STATEMEN

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net sales
Total	$ 509,055	$ 623,476	$ 1,670,841	$ 1,575,541
Cost of sales
Total	375,245	485,104	1,250,393	1,190,342
Gross profit	133,810	138,372	420,448	385,199
Selling, general, and administrative	89,381	86,730	272,331	248,201
Depreciation and amortization	5,399	3,609	15,821	10,387
Interest and financing costs	983	1,575	3,054	2,863
Operating expenses	95,763	91,914	291,206	261,451
Operating income	38,047	46,458	129,242	123,748
Other income (expense), net	366	2,907	673	(3,112)
Earnings before tax	38,413	49,365	129,915	120,636
Provision for income taxes	11,131	13,671	36,122	34,134
Net earnings	$ 27,282	$ 35,694	$ 93,793	$ 86,502
Net earnings per common share-basic (in dollars per share)	$ 1.02	$ 1.34	$ 3.53	$ 3.26
Net earnings per common share-diluted (in dollars per share)	$ 1.02	$ 1.34	$ 3.52	$ 3.24
Weighted average common shares outstanding-basic (in shares)	26,618	26,592	26,598	26,561
Weighted average common shares outstanding-diluted (in shares)	26,697	26,648	26,665	26,688
Product [Member]
Net sales
Total	$ 434,371	$ 556,018	$ 1,457,636	$ 1,379,813
Cost of sales
Total	328,908	441,015	1,116,046	1,062,352
Services [Member]
Net sales
Total	74,684	67,458	213,205	195,728
Cost of sales
Total	$ 46,337	$ 44,089	$ 134,347	$ 127,990

UNAUDITED CONSOLIDATED STATEM_2

UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
UNAUDITED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME [Abstract]
NET EARNINGS	$ 27,282	$ 35,694	$ 93,793	$ 86,502
OTHER COMPREHENSIVE INCOME, NET OF TAX:
Foreign currency translation adjustments	2,027	3,131	1,225	721
Other comprehensive income	2,027	3,131	1,225	721
TOTAL COMPREHENSIVE INCOME	$ 29,309	$ 38,825	$ 95,018	$ 87,223

UNAUDITED CONSOLIDATED STATEM_3

UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net earnings	$ 93,793	$ 86,502
Adjustments to reconcile net earnings to net cash provided by (used in) operating activities:
Depreciation and amortization	19,561	14,248
Provision for credit losses	1,027	2,846
Share-based compensation expense	7,145	5,681
Deferred taxes	(153)	195
Gain on disposal of property, equipment, and operating lease equipment	(263)	(3,201)
Changes in:
Accounts receivable	(68,329)	(266,470)
Inventories-net	26,623	(90,205)
Financing receivables-net	(32,666)	(47,442)
Deferred costs and other assets	(13,695)	(60,804)
Accounts payable-trade	68,164	156,283
Salaries and commissions payable, deferred revenue, and other liabilities	42,285	55,329
Net cash provided by (used in) operating activities	143,492	(147,038)
Cash flows from investing activities:
Proceeds from sale of property, equipment, and operating lease equipment	469	3,325
Purchases of property, equipment and operating lease equipment	(7,704)	(5,661)
Cash used in acquisitions, net of cash acquired	(48,603)	(13,288)
Net cash used in investing activities	(55,838)	(15,624)
Cash flows from financing activities:
Borrowings of non-recourse and recourse notes payable	293,809	189,063
Repayments of non-recourse and recourse notes payable	(277,612)	(87,502)
Proceeds from issuance of common stock	3,019	0
Repurchase of common stock	(9,816)	(7,224)
Net borrowings (repayments) on floor plan facility	(58,051)	9,218
Net cash provided by (used in) financing activities	(48,651)	103,555
Effect of exchange rate changes on cash	74	3,124
Net increase (decrease) in cash and cash equivalents	39,077	(55,983)
Cash and cash equivalents, beginning of period	103,093	155,378
Cash and cash equivalents, end of period	142,170	99,395
Supplemental disclosures of cash flow information:
Cash paid for interest	2,924	2,402
Cash paid for income taxes	32,732	39,693
Cash paid for amounts included in the measurement of lease liabilities	2,992	3,374
Schedule of non-cash investing and financing activities:
Proceeds from sale of property, equipment, and leased equipment	11	34
Purchases of property, equipment, and operating lease equipment	(165)	(125)
Borrowing of non-recourse and recourse notes payable	30,329	38,267
Debt derecognized due to sales of financial assets	(38,465)	(22,686)
Vesting of share-based compensation	9,434	9,854
New operating lease assets obtained in exchange for lease obligations	$ 4,883	$ 3,348

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, 2022	$ 270	$ 159,480	$ (6,734)	$ 507,846	$ (124)	$ 660,738
Balance (in shares) at Mar. 31, 2022	26,886
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards	$ 1	0	0	0	0	1
Issuance of restricted stock awards (in shares)	135
Share-based compensation	$ 0	1,773	0	0	0	1,773
Share-based compensation (in shares)	0
Repurchase of common stock	$ 0	0	$ (7,224)	0	0	(7,224)
Repurchase of common stock (in shares)			(128)
Net earnings	0	0	$ 0	22,339	0	22,339
Foreign currency translation adjustment	0	0	0	0	(1,339)	(1,339)
Balance at Jun. 30, 2022	$ 271	161,253	(13,958)	530,185	(1,463)	676,288
Balance (in shares) at Jun. 30, 2022	26,893
Balance at Mar. 31, 2022	$ 270	159,480	(6,734)	507,846	(124)	660,738
Balance (in shares) at Mar. 31, 2022	26,886
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings						86,502
Balance at Dec. 31, 2022	$ 272	165,161	(13,958)	594,348	597	746,420
Balance (in shares) at Dec. 31, 2022	26,907
Balance at Jun. 30, 2022	$ 271	161,253	(13,958)	530,185	(1,463)	676,288
Balance (in shares) at Jun. 30, 2022	26,893
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards	$ 1	0	0	0	0	1
Issuance of restricted stock awards (in shares)	13
Share-based compensation	$ 0	1,958	0	0	0	1,958
Share-based compensation (in shares)	0
Net earnings	$ 0	0	0	28,469	0	28,469
Foreign currency translation adjustment	0	0	0	0	(1,071)	(1,071)
Balance at Sep. 30, 2022	$ 272	163,211	(13,958)	558,654	(2,534)	705,645
Balance (in shares) at Sep. 30, 2022	26,906
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards	$ 0	0	0	0	0	0
Issuance of restricted stock awards (in shares)	1
Share-based compensation	$ 0	1,950	0	0	0	1,950
Share-based compensation (in shares)	0
Net earnings	$ 0	0	0	35,694	0	35,694
Foreign currency translation adjustment	0	0	0	0	3,131	3,131
Balance at Dec. 31, 2022	$ 272	165,161	(13,958)	594,348	597	746,420
Balance (in shares) at Dec. 31, 2022	26,907
Balance at Mar. 31, 2023	$ 272	167,303	(14,080)	627,202	1,568	$ 782,265
Balance (in shares) at Mar. 31, 2023	26,905					26,905
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards	$ 2	(2)	0	0	0	$ 0
Issuance of restricted stock awards (in shares)	153
Issuance of common stock	$ 0	1,398	0	0	0	1,398
Issuance of common stock (in shares)	36
Share-based compensation	$ 0	2,205	0	0	0	2,205
Share-based compensation (in shares)	0
Repurchase of common stock	$ 0	0	$ (7,371)	0	0	(7,371)
Repurchase of common stock (in shares)			(147)
Net earnings	0	0	$ 0	33,847	0	33,847
Foreign currency translation adjustment	0	0	0	0	947	947
Balance at Jun. 30, 2023	$ 274	170,904	(21,451)	661,049	2,515	813,291
Balance (in shares) at Jun. 30, 2023	26,947
Balance at Mar. 31, 2023	$ 272	167,303	(14,080)	627,202	1,568	$ 782,265
Balance (in shares) at Mar. 31, 2023	26,905					26,905
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net earnings						$ 93,793
Balance at Dec. 31, 2023	$ 274	177,465	(23,774)	720,995	2,793	$ 877,753
Balance (in shares) at Dec. 31, 2023	26,954					26,954
Balance at Jun. 30, 2023	$ 274	170,904	(21,451)	661,049	2,515	$ 813,291
Balance (in shares) at Jun. 30, 2023	26,947
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards	$ 0	0	0	0	0	0
Issuance of restricted stock awards (in shares)	10
Share-based compensation	$ 0	2,414	0	0	0	2,414
Share-based compensation (in shares)	0
Repurchase of common stock	$ 0	0	$ (924)	0	0	(924)
Repurchase of common stock (in shares)			(15)
Net earnings	0	0	$ 0	32,664	0	32,664
Foreign currency translation adjustment	0	0	0	0	(1,749)	(1,749)
Balance at Sep. 30, 2023	$ 274	173,318	(22,375)	693,713	766	845,696
Balance (in shares) at Sep. 30, 2023	26,942
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of restricted stock awards	$ 0	0	0	0	0	0
Issuance of restricted stock awards (in shares)	1
Issuance of common stock	$ 0	1,621	0	0	0	1,621
Issuance of common stock (in shares)	34
Share-based compensation	$ 0	2,526	0	0	0	2,526
Share-based compensation (in shares)	0
Repurchase of common stock	$ 0	0	$ (1,399)	0	0	(1,399)
Repurchase of common stock (in shares)			(23)
Net earnings	0	0	$ 0	27,282	0	27,282
Foreign currency translation adjustment	0	0	0	0	2,027	2,027
Balance at Dec. 31, 2023	$ 274	$ 177,465	$ (23,774)	$ 720,995	$ 2,793	$ 877,753
Balance (in shares) at Dec. 31, 2023	26,954					26,954

ORGANIZATION AND SUMMARY OF SIG

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	9 Months Ended
	Dec. 31, 2023
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 company was founded in 1990 and is a Delaware corporation. e Plus inc. is sometimes referred to in this Quarterly Report on Form 10-Q as “we,” “our,” “us,” “ourselves,” or “ e Plus.” e Plus inc. is a holding company that through its subsidiaries provides IT solutions that enable organizations to optimize their IT environment and supply chain processes. We also provide consulting, professional services, managed services, and complete lifecycle management services including flexible financing solutions. We focus on selling to medium and large enterprises, with customers in the United States (“US”) and in select international markets including the United Kingdom (“UK”), the European Union (“EU”), India, Singapore, and Israel. BASIS OF PRESENTATION — The unaudited consolidated financial statements include the accounts of ePlus inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The accounts of businesses acquired are included in the unaudited consolidated financial statements from the dates of acquisition. During the quarter ended June 30, 2023, we modified our technology segment into new segments — — Note 16 I NTERIM FINANCIAL STATEMENTS — The unaudited consolidated financial statements for the nine months ended December 31, 2023, and 2022, 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 nine months ended December 31, 2023, and 2022, are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending March 31, 2024, 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. These financial statements should be read in conjunction with the information contained in our annual report on Form 10-K for the year ended March 31, 2023 (“2023 Annual Report”), and our Form 8-K that we filed with the SEC on October 6, 2023, which recasts the disclosures in certain portions of our 2023 Annual Report to reflect changes in our reportable segments. USE OF ESTIMATES — The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Estimates are used when accounting for items and matters including, but not limited to, revenue recognition, residual values, vendor consideration, lease classification, goodwill and intangible assets, allowance for credit losses, inventory obsolescence, and the recognition and measurement of income tax assets and other provisions and contingencies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from these estimates. CONCENTRATIONS OF RISK — A substantial portion of our sale s are products from Cisco Systems, which were 36% and 39% of our technology business segments net sales for the three months ended December 31, 2023, and 2022, respectively, and 45% and 38% of our technology business segments net sales for the nine months ended December 31, 2023, and 2022, respectively. 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 31, 2023, except for the changes provided in Note 2

RECENT ACCOUNTING PRONOUNCEMENT

RECENT ACCOUNTING PRONOUNCEMENTS	9 Months Ended
	Dec. 31, 2023
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
RECENT ACCOUNTING PRONOUNCEMENTS	2. RECENT ACCOUNTING PRONOUNCEMENTS In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This update requires buyers in a supplier finance program to disclose certain qualitative and quantitative information about the program. It is intended to provide information about an entity’s use of supplier finance programs and their effect on the entity’s working capital, liquidity, and cash flows. This update is effective for us beginning in the first quarter of our fiscal year ending March 31, 2024, except for a requirement to provide a roll forward of our obligations during the annual period, which is effective for us beginning in the first quarter of our fiscal year ending March 31, 2025. We adopted the standard during the first quarter of fiscal year ending March 31, 2024, except for the roll forward requirement, which will be adopted during the first quarter of fiscal year ending March 31, 2025. The adoption of the standard resulted in new disclosures only for amounts presented within Accounts payable – floor plan. For additional information on the new disclosures, see Note 8 In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This update expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. This update is effective for annual periods beginning in our fiscal year ending March 31, 2025 and interim periods beginning in the first quarter of our fiscal year ending March 31, 2026. Early adoption is permitted. We are currently evaluating the impact that this update will have on our financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This update requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This update is effective for annual periods beginning in our fiscal year ending March 31, 2026. Early adoption is permitted. We are currently evaluating the impact that this update will have on our financial statement disclosures.

REVENUES

REVENUES	9 Months Ended
	Dec. 31, 2023
REVENUES [Abstract]
REVENUES	3. REVENUES CONTRACT BALANCES Accounts receivable – trade consists entirely of amounts due from contracts with customers. In addition, we had $67.3 million and $70.4 million of receivables from contracts with customers included within financing receivables as of December 31, 2023, and March 31, 2023, respectively. The following table provides the balance of contract liabilities from contracts with customers (in thousands): December 31, 2023 March 31, 2023 Current (included in deferred revenue) $ 129,875 $ 113,713 Non-current (included in other liabilities) $ 58,766 $ 47,217 Revenue recognized from the beginning contract liability balance was $15.5 million and $70.1 million for the three and nine months ended December 31, 2023, respectively, and $15.0 million and $57.4 million for the three and nine months ended December 31, 2022, 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, 2024 $ 25,473 Year ending March 31, 2025 59,995 Year ending March 31, 2026 29,509 Year ending March 31, 2027 13,633 Year ending March 31, 2028 and thereafter 4,810 Total remaining performance obligations $ 133,420 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	9 Months Ended
	Dec. 31, 2023
FINANCING RECEIVABLES AND OPERATING LEASES [Abstract]
FINANCING RECEIVABLES AND OPERATING LEASES	4. FINANCING RECEIVABLES AND OPERATING LEASES Our 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. Often, 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 and nine months ended December 31, 2023, and 2022 (in thousands): Three months Ended December 31, Nine months Ended December 31, 2023 2022 2023 2022 Net sales $ 7,418 $ 5,916 $ 19,913 $ 15,405 Cost of sales 6,666 4,949 18,189 12,785 Gross profit $ 752 $ 967 $ 1,724 $ 2,620 The following table provides interest income in aggregate on our sales-type leases and lease income on our operating leases for the three and nine months ended December 31, 2023, and 2022 (in thousands): Three months Ended December 31, Nine months Ended December 31, 2023 2022 2023 2022 Interest income on sales-type leases $ 1,912 $ 996 $ 4,898 $ 2,677 Lease income on operating leases $ 2,757 $ 4,030 $ 8,366 $ 13,271 FINANCING RECEIVABLES—NET The following tables provide a disaggregation of our financing receivables – net (in s): Notes Lease Financing December 31 2023 Receivable Receivables Receivables Gross receivables $ 125,386 $ 82,257 $ 207,643 Unguaranteed residual value (1) - 8,860 8,860 Unearned income (4,723 ) (16,374 ) (21,097 ) Allowance for credit losses (2) (829 ) (1,464 ) (2,293 ) Total, net $ 119,834 $ 73,279 $ 193,113 Reported as: Current $ 71,905 $ 38,439 $ 110,344 Long-term 47,929 34,840 82,769 Total, net $ 119,834 $ 73,279 $ 193,113 (1) Includes unguaranteed residual values of $4,009 thousand that we retained after selling the related lease receivable. (2) Refer to Note 7 Notes Lease Financing March 31 2023 Receivable Receivables Receivables Gross receivables $ 117,008 $ 60,157 $ 177,165 Unguaranteed residual value (1) - 8,161 8,161 Unearned income (5,950 ) (8,050 ) (14,000 ) Allowance for credit losses (2) (801 ) (981 ) (1,782 ) Total, net $ 110,257 $ 59,287 $ 169,544 Reported as: Current $ 65,738 $ 24,091 $ 89,829 Long-term 44,519 35,196 79,715 Total, net $ 110,257 $ 59,287 $ 169,544 (1) Includes unguaranteed residual values of that we retained after selling the related lease receivable. (2) Refer to Note 7 “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): December 31, March 31, 2023 2023 Cost of equipment under operating leases $ 13,749 $ 15,301 Accumulated depreciation (9,506 ) (10,599 ) Investment in operating lease equipment—net (1) $ 4,243 $ 4,702 (1) Amounts include estimated unguaranteed residual values of $1,647 thousand and $1,717 thousand as of December 31, 2023, and March 31, 2023, 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 December 31, 2023, and March 31, 2023, we had financing receivables of $70.0 million and $35.7 million, respectively, and operating leases of $2.5 million for both periods, which were collateral for non-recourse notes payable. See Note 8 For transfers accounted for as a sale, 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 December 31, 2023, and 2022, we recognized net gains of $8.1 million and $5.2 million, respectively, and total proceeds from these sales were $422.1 million and $157.2 million, respectively. For the nine months ended December 31, 2023, and 2022, we recognized net gains of $16.3 million and $15.1 million, respectively, and total proceeds from these sales were $704.3 million and $586.1 million, respectively. When we retain servicing obligations in transfers accounted for as sales, we allocate a portion of the proceeds to deferred revenue, which is recognized as we perform the services. As of December 31, 2023, and March 31, 2023, we had deferred revenue of $0.4 million and $0.5 million, respectively, for servicing obligations. In

LESSEE ACCOUNTING

LESSEE ACCOUNTING	9 Months Ended
	Dec. 31, 2023
LESSEE ACCOUNTING [Abstract]
LESSEE ACCOUNTING	5. LESSEE ACCOUNTING We lease office space for periods up to six years and lease warehouse space for periods of up to ten years, and we have some lease options that can be exercised to extend beyond those lease term limits. 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 as part of selling, general and administrative expenses. We recognized rent expense of $1.4 million and $1.3 million for the three months ended December 31, 2023, and December 31, 2022, respectively, and $4.4 million and $3.8 million for the nine months ended December 31, 2023, and 2022, respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	9 Months Ended
	Dec. 31, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	6. GOODWILL AND OTHER INTANGIBLE ASSETS GOODWILL The following table summarizes the changes in the carrying amount of goodwill for the nine months ended December 31, 2023 (in thousands): Professional Managed Product Services Services Total Balance March 31, 2023 (1) $ 106,497 $ 19,712 $ 9,896 $ 136,105 Acquisitions 19,672 2,456 - $ 22,128 Foreign currency translations 40 7 4 $ 51 Balance December 31, 2023 (1) $ 126,209 $ 22,175 $ 9,900 $ 158,284 (1) Balance is net of $8,673 thousand in accumulated impairments that were recorded in segments that precede our current segment organization. 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 goodwill balance increased by $22.2 million over the nine months ended December 31, 2023, due to $22.1 million in goodwill additions from our acquisition of Network Solutions Group (“NSG”), and from foreign currency translations of $0.1 million. Please refer to Note 15 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. In our annual test as of October 1, 2023, we performed a qualitative assessment of goodwill and concluded that, more likely than not, the fair value of our product, professional services, and managed services reporting units continued to exceed their carrying value. During the first quarter ended June 30, 2023, we separated our technology segment into three new segments: product, professional services, and managed services. We concluded that each segment was one reporting unit. At that time, we allocated our goodwill to the reporting units affected using a relative fair value approach. We concluded that the fair value of each new reporting unit exceeded its carrying value. Our conclusions would not be impacted by a ten percent change in our estimate of the fair value of the reporting unit. OTHER INTANGIBLE ASSETS O ur other intangible assets consist of the following on December 31, 2023, and March 31, 2023 (in thousands): December 31, 2023 March 31, 2023 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Purchased intangibles $ 115,471 $ (72,784 ) $ 42,687 $ 85,449 $ (61,376 ) $ 24,073 Capitalized software development 10,517 (10,234 ) 283 10,516 (9,544 ) 972 Total $ 125,988 $ (83,018 ) $ 42,970 $ 95,965 $ (70,920 ) $ 25,045 Purchased intangibles, consisting mainly of customer relationships, are generally amortized between 5 to 10 years. Capitalized software development is generally amortized over 5 years. Total amortization expense for customer relationships and other intangible assets was $3.9 million for the three months ended December 31, 2023, and $2.5 million for the three months ended December 31, 2022, and $11.3 million and $7.2 million for the nine months ended December 31, 2023, and 2022, respectively.

ALLOWANCE FOR CREDIT LOSSES

ALLOWANCE FOR CREDIT LOSSES	9 Months Ended
	Dec. 31, 2023
ALLOWANCE FOR CREDIT LOSSES [Abstract]
ALLOWANCE FOR CREDIT LOSSES	7. ALLOWANCE FOR CREDIT LOSSES The following table provides the activity in our allowance for credit losses for the nine months ended December 31, 2023, and 2022 (in thousands): Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2023 $ 2,572 $ 801 $ 981 $ 4,354 Provision for credit losses 516 27 484 1,027 Write-offs and other (89 ) 1 (1 ) (89 ) Balance December 31 2023 $ 2,999 $ 829 $ 1,464 $ 5,292 Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2022 $ 2,411 $ 708 $ 681 $ 3,800 Provision for credit losses 1,584 546 716 $ 2,846 Write-offs and other (102 ) (2 ) - $ (104 ) Balance December 31 2022 $ 3,893 $ 1,252 $ 1,397 $ 6,542 We evaluate our customers using an internally assigned credit quality rating “CQR”. The CQR categories of our financing receivables are: • 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 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 greater than and up to . The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of December 31, 2023 (in thousands): Amortized cost basis by origination year ending March 31, 2024 2023 2022 2021 2020 2019 and prior Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 78,475 $ 19,040 $ 4,558 $ 3,230 $ 39 $ - $ 105,342 $ (35,451 ) $ 69,891 Average CQR 10,780 4,078 374 75 - 14 15,321 (3,858 ) 11,463 Total $ 89,255 $ 23,118 $ 4,932 $ 3,305 $ 39 $ 14 $ 120,663 $ (39,309 ) $ 81,354 Lease receivables: High CQR $ 26,317 $ 9,664 $ 2,211 $ 1,270 $ 214 $ 10 $ 39,686 $ (5,320 ) $ 34,366 Average CQR 17,209 10,713 2,749 375 2 - 31,048 (3,548 ) 27,500 Total $ 43,526 $ 20,377 $ 4,960 $ 1,645 $ 216 $ 10 $ 70,734 $ (8,868 ) $ 61,866 Total amortized cost (1) $ 132,781 $ 43,495 $ 9,892 $ 4,950 $ 255 $ 24 $ 191,397 $ (48,177 ) $ 143,220 (1) Excludes thousand that we retained after selling the related lease receivable. (2) Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis. The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2023 (in thousands): Amortized cost basis by origination year ending March 31, 2023 2022 2021 2020 2019 2018 and prior Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 72,155 $ 11,378 $ 11,267 $ 370 $ 30 $ - $ 95,200 $ (28,115 ) $ 67,085 Average CQR 12,793 2,675 213 115 61 1 15,858 (1,432 ) 14,426 Total $ 84,948 $ 14,053 $ 11,480 $ 485 $ 91 $ 1 $ 111,058 $ (29,547 ) $ 81,511 Lease receivables: High CQR $ 21,629 $ 3,842 $ 1,916 $ 565 $ 51 $ 9 $ 28,012 $ (1,437 ) $ 26,575 Average CQR 23,796 3,430 770 35 3 - 28,034 (1,594 ) 26,440 Total $ 45,425 $ 7,272 $ 2,686 $ 600 $ 54 $ 9 $ 56,046 $ (3,031 ) $ 53,015 Total amortized cost (1) $ 130,373 $ 21,325 $ 14,166 $ 1,085 $ 145 $ 10 $ 167,104 $ (32,578 ) $ 134,526 (1) Excludes unguaranteed residual values of $ thousand that we retained after selling the related lease receivable. (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 61-90 Days Past > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Notes receivable $ 5,735 $ 306 $ 2,131 $ 8,172 $ 5,617 $ 13,789 $ 106,874 $ 120,663 Lease receivables 542 754 2,023 3,319 3,221 6,540 64,194 70,734 Total $ 6,277 $ 1,060 $ 4,154 $ 11,491 $ 8,838 $ 20,329 $ 171,068 $ 191,397 The following table provides an aging analysis of our financing receivables as of , (in thousands): 31-60 Days Past 61-90 Days Past > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Cost Notes receivable $ 1,020 $ 862 $ 473 $ 2,355 $ 7,703 $ 10,058 $ 101,000 $ 111,058 Lease receivables 1,068 463 864 2,395 5,413 7,808 48,238 56,046 Total $ 2,088 $ 1,325 $ 1,337 $ 4,750 $ 13,116 $ 17,866 $ 149,238 $ 167,104 Our financial assets on nonaccrual status were not significant as of December 31, 2023, and March 31, 2023.

NOTES PAYABLE AND CREDIT FACILI

NOTES PAYABLE AND CREDIT FACILITY	9 Months Ended
	Dec. 31, 2023
NOTES PAYABLE AND CREDIT FACILITY [Abstract]
CREDIT FACILITY AND NOTES PAYABLE	8. NOTES PAYABLE AND CREDIT FACILITY CREDIT FACILITY We finance the operations of our subsidiaries e Plus Technology, inc., e Plus Technology Services, inc., and SLAIT Consulting, LLC (collectively, the “Borrowers”) in our technology business through a credit facility with Wells Fargo Commercial Distribution Finance, LLC (“WFCDF”). The WFCDF credit facility (the “WFCDF Credit Facility”) has a floor plan facility and a revolving credit facility. On October 13, 2021, the Borrowers amended, restated, and replaced in entirety their then-existing credit agreements with WFCDF. On October 31, 2022, the Borrowers entered into the First Amendment to the credit agreement. Under this agreement and its amendment, the credit facility is provided by a syndicate of banks (collectively, the “Lenders”) for which WFCDF acts as administrative agent and consists of a discretionary senior secured floor plan facility in favor of the Borrowers. On March 10, 2023, the Borrowers entered into a Second Amendment to the credit agreement that amended the credit agreement to increase the maximum aggregate amount of principal available under the floor plan facility to $500.0 million and increase the maximum aggregate amount of principal available under the Revolving Facility to $200.0 million. Under the accounts payable floor plan facility, we had an outstanding balance of $92.5 million and $134.6 million as of December 31, 2023, and March 31, 2023 We use the floor plan to facilitate the purchase of inventory from designated suppliers. The Lenders pay our suppliers and provide us extended payment terms. We pay down the floor plan facility on three specified dates each month, generally 30-60 days from the invoice date. We do not incur any interest or other incremental expenses for the floor plan facility. We are not involved in establishing the terms or conditions of the arrangements between our suppliers and the Lenders. U The fair value of the outstanding balances under the WFCDF Credit Facility were approximately equal to their carrying value as of December 31, 2023, and March 31, 2023 The amount of principal available is subject to a borrowing base determined by, among other things, the Borrowers’ accounts receivable and inventory, each pursuant to a formula and subject to certain reserves. Loans accrue interest at a rate per annum equal to Term SOFR Rate plus a Term SOFR Adjustment of 0.10% plus an Applicable Margin of 1.75%. Our borrowings under the WFCDF Credit Facility are secured by the assets of the Borrowers. Additionally, the WFCDF Credit Facility requires a guaranty of $10.5 million by e Under the WFCDF Credit Facility, the Borrowers are restricted in their ability to pay dividends to e s of December 31, 2023, and March 31, 2023 The WFCDF Credit Facility has an initial one-year term, which automatically renews for successive one-year terms thereafter. However, either the Borrowers or WFCDF may terminate the WFCDF Credit Facility at any time notice to the other party no less than . 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 business 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. As of March 31, 2023, we had $6.0 million arising from one installment payment arrangement within our technology business. As of December 31, 2023, we have fully paid off our recourse notes payable. Our payments under this installment agreement were due quarterly in amounts that were correlated to the payments due to us from a customer under a related notes receivable. We discounted our payments due under this installment agreement to calculate our payable balance using an interest rate of 3.50% as of March 31, 2023. 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 December 31, 2023, and March 31, 2023 December 31, 2023, and March 31, 2023

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	9 Months Ended
	Dec. 31, 2023
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 or other legal dispute 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 our expectations, our financial condition and operating results for that period may be adversely affected. As of December 31, 2023, we do not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for these proceedings and matters, if any, has been incurred. 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 us in the future, and these matters could relate to prior, current, or future transactions or events

EARNINGS PER SHARE

EARNINGS PER SHARE	9 Months Ended
	Dec. 31, 2023
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 and nine months ended December 31, 2023, and 2022, respectively (in thousands, except per share data) Three Months Ended December 31, Nine Months Ended December 31, 2023 2022 2023 2022 Net earnings attributable to common shareholders - basic and diluted $ 27,282 $ 35,694 $ 93,793 $ 86,502 Basic and diluted common shares outstanding Weighted average common shares outstanding — basic 26,618 26,592 26,598 26,561 Effect of dilutive shares 79 56 67 127 Weighted average shares common outstanding — diluted 26,697 26,648 26,665 26,688 Earnings per common share - basic $ 1.02 $ 1.34 $ 3.53 $ 3.26 Earnings per common share - diluted $ 1.02 $ 1.34 $ 3.52 $ 3.24

STOCKHOLDERS' EQUITY

STOCKHOLDERS' EQUITY	9 Months Ended
	Dec. 31, 2023
STOCKHOLDERS' EQUITY [Abstract]
STOCKHOLDERS' EQUITY	11. STOCKHOLDERS’ EQUITY SHARE REPURCHASE PLAN On March 22, 2023, our board of directors authorized the repurchase of up to 1,000,000 shares of our outstanding common stock, over a 12-month period beginning May 28, 2023. On March 24, 2022, our board of directors authorized the repurchase of up to 1,000,000 shares of our outstanding common stock, over a 12-month period beginning May 28, 2022 During the nine months ended December 31, 2023 During the nine months ended December 31, 2022

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	9 Months Ended
	Dec. 31, 2023
SHARE-BASED COMPENSATION [Abstract]
SHARE-BASED COMPENSATION	12. SHARE-BASED COMPENSATION SHARE-BASED PLANS As of December 31, 2023, we had share-based awards outstanding under the following plans: (1) the 2017 Non-Employee Director Long-Term Incentive Plan (“2017 Director LTIP”), (2) the 2012 Employee Long-Term Incentive Plan (“2012 Employee LTIP”), and (3) the 2021 Employee Long-Term Incentive Plan (“2021 Employee LTIP”) The 2021 Employee LTIP was approved by our shareholders on September 16, 2021, and became effective October 1, 2021. The 2021 Employee LTIP replaced the 2012 Employee LTIP that had previously been approved by our shareholders on September 13, 2012. Beginning September 16, 2021, we permanently ceased issuing any additional shares under the 2012 Employee LTIP These share-based plans define fair market value as the closing sales price of a share of common stock as quoted on any established stock exchange for such date or the most recent trading day preceding such date if there were no trades on such date. RESTRICTED STOCK ACTIVITY For the nine months ended December 31, 2023, we granted 13,120 restricted shares of our stock under the 2017 Director LTIP, and 152,865 restricted shares of our stock under the 2021 Employee LTIP. For the nine months ended December 31, 2022, we granted 18,842 shares of our stock under the 2017 Director LTIP, and 138,643 restricted shares of our stock under the 2021 Employee LTIP. The following table provides a summary of our restricted stock activity: Number of Shares Weighted Average Grant-date Fair Value Nonvested April 1, 2023 314,860 $ 49.57 Granted 165,985 $ 56.43 Vested (167,546 ) $ 46.31 Forfeited (2,509 ) $ 55.60 Nonvested December 31 2023 310,790 $ 55.01 PERFORMANCE STOCK UNITS On November 17, 2023, we granted 15,120 Performance Stock Units (“PSUs”) with a grant date fair value of $61.17 to our named executive officers under our 2021 Employee LTIP. The PSUs will vest based on the achievement of certain performance goals at the end of a three-year performance period ending March 31, 2026. The PSUs represent the right to receive shares of our common stock on a one-to-one basis. The total number of PSUs that vest range from 0% to 200% of the number of PSUs at the target level of achievement for one or more of the performance targets. No shares vested or were forfeited during the year. EMPLOYEE STOCK PURCHASE PLAN On September 15, 2022, our stockholders approved the 2022 Employee Stock Purchase Plan (“ESPP”) through which eligible employees may purchase up to an aggregate of 2.50 million shares of our stock at 6-month intervals at a discount off the lesser of the closing market price on the first or the last trading day of each offering period. During the nine months ended December 31, 2023, we issued 70,715 shares at a weighted average price of $42.69 per share under the ESPP. As of December 31, 2023, there were 2.43 million shares remaining under the ESPP. COMPENSATION EXPENSE The following table provides a summary of our total share-based compensation expense, including for restricted stock awards, ESPP, PSUs, and the related income tax benefit for the three and nine months ended December 31, 2023, and 2022, respectively (in thousands): Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Equity-based compensation expense $ 2,526 $ 1,950 $ 7,145 $ 5,681 Income tax benefit (733 ) (540 ) (1,986 ) (1,608 ) We recognized the income tax benefit as a reduction to our provision for income taxes. As of December 31, 2023, the total unrecognized compensation expense related to non-vested restricted stock was $12.6 million, which is expected to be recognized over a weighted-average period of 30 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. Our estimated contribution expense to the plan for the three months ended December 31, 2023, and 2022, was $1.0 and $1.1 million, respectively. For the nine months ended December 31, 2023, and 2022, our estimated contribution expense for the plan was $3.6 million and $3.2 million, respectively.

INCOME TAXES

INCOME TAXES	9 Months Ended
	Dec. 31, 2023
INCOME TAXES [Abstract]
INCOME TAXES	13. INCOME TAXES Our provision for income tax expense was $11.1 million and $36.1 million for the three and nine months ended December 31, 2023, as compared to $13.7 million and $34.1 million for the same periods in the prior year. Our effective tax rate for the three and nine months ended December 31, 2023, was 29.0% and 27.8% respectively, compared with 27.7% and 28.3%, respectively, for the same periods in the prior year. The effective tax rate for the three and nine months ended December 31, 2023, and December 31, 2022, differed from the US federal statutory rate of 21.0% primarily due to state and local income taxes.

FAIR VALUE OF FINANCIAL INSTRUM

FAIR VALUE OF FINANCIAL INSTRUMENTS	9 Months Ended
	Dec. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
FAIR VALUE OF FINANCIAL INSTRUMENTS	14. FAIR VALUE OF FINANCIAL INSTRUMENTS The following table summarizes the fair value hierarchy of our financial instruments as of December 31, 2023, and March 31, 2023 Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) December 31 , 2023 Assets: Money market funds $ 30,230 $ 30,230 $ - $ - March 31 , 2023 Assets: Money market funds $ 8,880 $ 8,880 $ - $ -

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	9 Months Ended
	Dec. 31, 2023
BUSINESS COMBINATIONS [Abstract]
BUSINESS COMBINATIONS	15. BUSINESS COMBINATIONS PEAK RESOURCES, INC. (“PEAK”) On January our subsidiary, e Plus Technology, inc., acquired certain assets and liabilities of PEAK. Based in Denver, CO, PEAK is an established provider of modern data center, networking, and security products and services. The acquisition will help drive additional growth with enhanced engineering, sales, and services delivery capabilities in the mountain west region. Our preliminary sum for consideration transferred is , equal to cash paid at closing. As of our filing date, our initial accounting for the business combination is incomplete. NETWORK SOLUTIONS GROUP (NSG) On April 30, 2023, our subsidiary, e Our sum for consideration transferred is million that was paid back to us during the quarter ended September 30, 2023, by the sellers based on adjustments to a determination of the total net assets delivered Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable $ 20,419 Other assets 1,940 Identified intangible assets 29,960 Accounts payable and other liabilities (24,758 ) Contract liabilities (1,086 ) Total identifiable net assets 26,475 Goodwill 22,128 Total purchase consideration $ 48,603 The identified intangible assets of $30.0 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 $22.1 million, of which $19.7 million and $2.4 million were assigned to our product and professional services reporting segment, respectively. 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, 2023, is not material. FUTURE COM, LTD. (“FUTURE COM”) On July 15, 2022, our subsidiary, ePlus Technology, inc., acquired certain assets and liabilities of Future Com, a Texas-based provider of cybersecurity solutions, cloud security and security consulting services throughout the US. Our acquisition provides access to enhanced engineering, sales, and services delivery capabilities in the South-Central region of the United States, as well as bolstering the skills and expertise surrounding ePlus’ growing cybersecurity practice. Our sum for consideration transferred is $13.3 million consisting of $13.0 million paid in cash at closing plus an additional $0.3 million that was subsequently paid to the sellers based on adjustments to our determination of the total net assets delivered. Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable $ 4,033 Other assets 129 Identified intangible assets 8,360 Accounts payable and other current liabilities (8,714 ) Contract liabilities (214 ) Total identifiable net assets 3,594 Goodwill 9,694 Total purchase consideration $ 13,288 The identified intangible assets of $8.4 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 $9.7 million, which was originally assigned to our technology segment. As a result of changes in our segments, we subsequently reassigned the goodwill to our product, professional services, and managed services segments. 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, 2022, is not material.

SEGMENT REPORTING

SEGMENT REPORTING	9 Months Ended
	Dec. 31, 2023
SEGMENT REPORTING [Abstract]
SEGMENT REPORTING	16. SEGMENT REPORTING We manage and report our operating results through four operating segments: product, professional services, managed services, and financing. Our product segment includes sales of IT products, third-party software, and third-party maintenance, software assurance, and other third-party services. Our professional services segment includes our advanced professional services, staff augmentation, project management services, cloud consulting services and security services. Our managed services segment includes our advanced managed services, service desk, storage-as-a-service, cloud hosted services, cloud managed services and managed security services. We refer to the product segment, professional services segment, and managed services segment collectively as our technology business. Our financing business 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 within our technology business based on gross profit, while we measure our financing business segment based on operating income. We do not present asset information for our reportable segments as we do not provide asset information to our chief operating decision maker. The following table provides reportable segment information (in thousands): Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Net sales Product $ 419,478 $ 544,316 $ 1,418,581 $ 1,336,309 Professional services 40,044 39,151 113,870 114,369 Managed services 34,640 28,307 99,335 81,359 Financing 14,893 11,702 39,055 43,504 Total 509,055 623,476 1,670,841 1,575,541 Gross profit Product 91,919 104,485 308,059 282,042 Professional services 17,332 15,294 47,852 45,046 Managed services 11,015 8,075 31,006 22,692 Financing 13,544 10,518 33,531 35,419 Total 133,810 138,372 420,448 385,199 Operating expenses Technology business 91,599 86,764 278,869 247,568 Financing 4,164 5,150 12,337 13,883 Total 95,763 91,914 291,206 261,451 Operating income Technology business 28,667 41,090 108,048 102,212 Financing 9,380 5,368 21,194 21,536 Total 38,047 46,458 129,242 123,748 Other income (expense), net 366 2,907 673 (3,112 ) Earnings before tax $ 38,413 $ 49,365 $ 129,915 $ 120,636 Depreciation and amortization Technology business $ 5,381 $ 3,582 $ 15,747 $ 10,304 Financing 18 27 74 83 Total $ 5,399 $ 3,609 $ 15,821 $ 10,387 Interest and financing costs Technology business $ 217 $ 1,308 $ 1,428 $ 2,117 Financing 766 267 1,626 746 Total $ 983 $ 1,575 $ 3,054 $ 2,863 Selected Financial Data - Statement of Cash Flow Purchases of property, equipment, and operating lease equipment Technology business $ 2,028 $ 2,225 $ 6,717 $ 4,122 Financing 68 1,026 987 1,539 Total $ 2,096 $ 3,251 $ 7,704 $ 5,661 The following tables provide a disaggregation of net sales by source and further disaggregate our revenue recognized from contracts with customers by timing and our position as principal or agent (in thousands): Three months ended December 31, 2023 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 412,060 $ 40,044 $ 34,640 $ 774 $ 487,518 Financing and other 7,418 - - 14,119 21,537 Total $ 419,478 $ 40,044 $ 34,640 $ 14,893 $ 509,055 Timing and position as principal or agent Transferred at a point in time as principal $ 367,350 $ - $ - $ 774 $ 368,124 Transferred at a point in time as agent 44,710 - - - 44,710 Transferred over time as principal - 40,044 34,640 - 74,684 Total revenue from contracts with customers $ 412,060 $ 40,044 $ 34,640 $ 774 $ 487,518 Nine months ended December 31, 2023 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 1,398,668 $ 113,870 $ 99,335 $ 4,899 $ 1,616,772 Financing and other 19,913 - - 34,156 54,069 Total $ 1,418,581 $ 113,870 $ 99,335 $ 39,055 $ 1,670,841 Timing and position as principal or agent Transferred at a point in time as principal $ 1,262,010 $ - $ - $ 4,899 $ 1,266,909 Transferred at a point in time as agent 136,658 - - - 136,658 Transferred over time as principal - 113,870 99,335 - 213,205 Total revenue from contracts with customers $ 1,398,668 $ 113,870 $ 99,335 $ 4,899 $ 1,616,772 Three months ended December 31, 2022 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 538,400 $ 39,151 $ 28,307 $ 560 $ 606,418 Financing and other 5,916 - - 11,142 17,058 Total $ 544,316 $ 39,151 $ 28,307 $ 11,702 $ 623,476 Timing and position as principal or agent Transferred at a point in time as principal $ 495,294 $ - $ - $ 560 $ 495,854 Transferred at a point in time as agent 43,106 - - - 43,106 Transferred over time as principal - 39,151 28,307 - 67,458 Total revenue from contracts with customers $ 538,400 $ 39,151 $ 28,307 $ 560 $ 606,418 Nine months ended December 31, 2022 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 1,320,904 $ 114,369 $ 81,359 $ 8,428 $ 1,525,060 Financing and other 15,405 - - 35,076 50,481 Total $ 1,336,309 $ 114,369 $ 81,359 $ 43,504 $ 1,575,541 Timing and position as principal or agent Transferred at a point in time as principal $ 1,199,508 $ - $ - $ 8,428 $ 1,207,936 Transferred at a point in time as agent 121,396 - - - 121,396 Transferred over time as principal - 114,369 81,359 - 195,728 Total revenue from contracts with customers $ 1,320,904 $ 114,369 $ 81,359 $ 8,428 $ 1,525,060 TECHNOLOGY BUSINESS DISAGGREGATION OF REVENUE The following table provides a disaggregation of our revenue from contracts with customers for our technology business by customer end market and by type (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2023 2022 2023 2022 Customer end market: Telecom, Media & Entertainment $ 139,551 $ 184,539 $ 405,192 $ 431,269 Technology 83,951 133,067 268,302 299,088 State and local government and educational institutions 60,108 72,730 264,419 207,823 Healthcare 55,504 69,825 214,182 205,297 Financial Services 38,816 48,008 174,391 118,917 All others 116,232 103,605 305,300 269,643 Net sales 494,162 611,774 1,631,786 1,532,037 Less: Revenue from financing and other (7,418 ) (5,916 ) (19,913 ) (15,405 ) Revenue from contracts with customers $ 486,744 $ 605,858 $ 1,611,873 $ 1,516,632 Type: Product Networking $ 209,936 $ 275,774 $ 723,760 $ 584,311 Cloud 120,253 157,126 427,365 470,851 Security 58,822 77,111 156,504 173,623 Collaboration 13,608 13,405 53,647 45,572 Other 16,859 20,900 57,305 61,952 Total product 419,478 544,316 1,418,581 1,336,309 Professional services 40,044 39,151 113,870 114,369 Managed services 34,640 28,307 99,335 81,359 Net sales 494,162 611,774 1,631,786 1,532,037 Less: Revenue from financing and other (7,418 ) (5,916 ) (19,913 ) (15,405 ) Revenue from contracts with customers $ 486,744 $ 605,858 $ 1,611,873 $ 1,516,632 We do not disaggregate sales by customer end market beyond the technology business. FINANCING BUSINESS SEGMENT DISAGGREGATION OF REVENUE We analyze our revenues within our financing business segment based on the nature of the arrangement. Our financing revenue generally consists of portfolio income, transactional gains, and post-contract earnings including month-to-month rents and the sales of off-lease equipment. All our revenues from contracts with customers within our financing business segment is from the sales of off-lease equipment.

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

ORGANIZATION AND SUMMARY OF S_2

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	9 Months Ended
	Dec. 31, 2023
ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES [Abstract]
BASIS OF PRESENTATION	BASIS OF PRESENTATION — The unaudited consolidated financial statements include the accounts of ePlus inc. and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. The accounts of businesses acquired are included in the unaudited consolidated financial statements from the dates of acquisition. During the quarter ended June 30, 2023, we modified our technology segment into new segments — — Note 16
INTERIM FINANCIAL STATEMENTS	I NTERIM FINANCIAL STATEMENTS — The unaudited consolidated financial statements for the nine months ended December 31, 2023, and 2022, 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 nine months ended December 31, 2023, and 2022, are not necessarily indicative of results that may be expected for any other interim period or for the full fiscal year ending March 31, 2024, 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. These financial statements should be read in conjunction with the information contained in our annual report on Form 10-K for the year ended March 31, 2023 (“2023 Annual Report”), and our Form 8-K that we filed with the SEC on October 6, 2023, which recasts the disclosures in certain portions of our 2023 Annual Report to reflect changes in our reportable segments.
USE OF ESTIMATES	USE OF ESTIMATES — The preparation of financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities as of the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Estimates are used when accounting for items and matters including, but not limited to, revenue recognition, residual values, vendor consideration, lease classification, goodwill and intangible assets, allowance for credit losses, inventory obsolescence, and the recognition and measurement of income tax assets and other provisions and contingencies. We base our estimates on historical experience and on various other assumptions that we believe to be reasonable under the circumstances. Actual results may differ from these estimates.
CONCENTRATIONS OF RISK	CONCENTRATIONS OF RISK — A substantial portion of our sale s are products from Cisco Systems, which were 36% and 39% of our technology business segments net sales for the three months ended December 31, 2023, and 2022, respectively, and 45% and 38% of our technology business segments net sales for the nine months ended December 31, 2023, and 2022, respectively.

RECENT ACCOUNTING PRONOUNCEME_2

RECENT ACCOUNTING PRONOUNCEMENTS (Policies)	9 Months Ended
	Dec. 31, 2023
RECENT ACCOUNTING PRONOUNCEMENTS [Abstract]
Recent Accounting Pronouncements	In September 2022, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2022-04, Liabilities—Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations. This update requires buyers in a supplier finance program to disclose certain qualitative and quantitative information about the program. It is intended to provide information about an entity’s use of supplier finance programs and their effect on the entity’s working capital, liquidity, and cash flows. This update is effective for us beginning in the first quarter of our fiscal year ending March 31, 2024, except for a requirement to provide a roll forward of our obligations during the annual period, which is effective for us beginning in the first quarter of our fiscal year ending March 31, 2025. We adopted the standard during the first quarter of fiscal year ending March 31, 2024, except for the roll forward requirement, which will be adopted during the first quarter of fiscal year ending March 31, 2025. The adoption of the standard resulted in new disclosures only for amounts presented within Accounts payable – floor plan. For additional information on the new disclosures, see Note 8 In November 2023, the FASB issued ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures. This update expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. This update is effective for annual periods beginning in our fiscal year ending March 31, 2025 and interim periods beginning in the first quarter of our fiscal year ending March 31, 2026. Early adoption is permitted. We are currently evaluating the impact that this update will have on our financial statement disclosures. In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. This update requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as information on income taxes paid. This update is effective for annual periods beginning in our fiscal year ending March 31, 2026. Early adoption is permitted. We are currently evaluating the impact that this update will have on our financial statement disclosures.

REVENUES (Tables)

REVENUES (Tables)	9 Months Ended
	Dec. 31, 2023
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 $67.3 million and $70.4 million of receivables from contracts with customers included within financing receivables as of December 31, 2023, and March 31, 2023, respectively. The following table provides the balance of contract liabilities from contracts with customers (in thousands): December 31, 2023 March 31, 2023 Current (included in deferred revenue) $ 129,875 $ 113,713 Non-current (included in other liabilities) $ 58,766 $ 47,217
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, 2024 $ 25,473 Year ending March 31, 2025 59,995 Year ending March 31, 2026 29,509 Year ending March 31, 2027 13,633 Year ending March 31, 2028 and thereafter 4,810 Total remaining performance obligations $ 133,420

FINANCING RECEIVABLES AND OPE_2

FINANCING RECEIVABLES AND OPERATING LEASES (Tables)	9 Months Ended
	Dec. 31, 2023
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 and nine months ended December 31, 2023, and 2022 (in thousands): Three months Ended December 31, Nine months Ended December 31, 2023 2022 2023 2022 Net sales $ 7,418 $ 5,916 $ 19,913 $ 15,405 Cost of sales 6,666 4,949 18,189 12,785 Gross profit $ 752 $ 967 $ 1,724 $ 2,620 The following table provides interest income in aggregate on our sales-type leases and lease income on our operating leases for the three and nine months ended December 31, 2023, and 2022 (in thousands): Three months Ended December 31, Nine months Ended December 31, 2023 2022 2023 2022 Interest income on sales-type leases $ 1,912 $ 996 $ 4,898 $ 2,677 Lease income on operating leases $ 2,757 $ 4,030 $ 8,366 $ 13,271
Notes Receivable Net and Investments in Leases	The following tables provide a disaggregation of our financing receivables – net (in s): Notes Lease Financing December 31 2023 Receivable Receivables Receivables Gross receivables $ 125,386 $ 82,257 $ 207,643 Unguaranteed residual value (1) - 8,860 8,860 Unearned income (4,723 ) (16,374 ) (21,097 ) Allowance for credit losses (2) (829 ) (1,464 ) (2,293 ) Total, net $ 119,834 $ 73,279 $ 193,113 Reported as: Current $ 71,905 $ 38,439 $ 110,344 Long-term 47,929 34,840 82,769 Total, net $ 119,834 $ 73,279 $ 193,113 (1) Includes unguaranteed residual values of $4,009 thousand that we retained after selling the related lease receivable. (2) Refer to Note 7 Notes Lease Financing March 31 2023 Receivable Receivables Receivables Gross receivables $ 117,008 $ 60,157 $ 177,165 Unguaranteed residual value (1) - 8,161 8,161 Unearned income (5,950 ) (8,050 ) (14,000 ) Allowance for credit losses (2) (801 ) (981 ) (1,782 ) Total, net $ 110,257 $ 59,287 $ 169,544 Reported as: Current $ 65,738 $ 24,091 $ 89,829 Long-term 44,519 35,196 79,715 Total, net $ 110,257 $ 59,287 $ 169,544 (1) Includes unguaranteed residual values of that we retained after selling the related lease receivable. (2) Refer to Note 7 “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): December 31, March 31, 2023 2023 Cost of equipment under operating leases $ 13,749 $ 15,301 Accumulated depreciation (9,506 ) (10,599 ) Investment in operating lease equipment—net (1) $ 4,243 $ 4,702 (1) Amounts include estimated unguaranteed residual values of $1,647 thousand and $1,717 thousand as of December 31, 2023, and March 31, 2023, respectively.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	9 Months Ended
	Dec. 31, 2023
GOODWILL AND OTHER INTANGIBLE ASSETS [Abstract]
Changes in Goodwill	The following table summarizes the changes in the carrying amount of goodwill for the nine months ended December 31, 2023 (in thousands): Professional Managed Product Services Services Total Balance March 31, 2023 (1) $ 106,497 $ 19,712 $ 9,896 $ 136,105 Acquisitions 19,672 2,456 - $ 22,128 Foreign currency translations 40 7 4 $ 51 Balance December 31, 2023 (1) $ 126,209 $ 22,175 $ 9,900 $ 158,284 (1) Balance is net of $8,673 thousand in accumulated impairments that were recorded in segments that precede our current segment organization.
Other Intangible Assets	O ur other intangible assets consist of the following on December 31, 2023, and March 31, 2023 (in thousands): December 31, 2023 March 31, 2023 Gross Carrying Accumulated Net Carrying Gross Carrying Accumulated Net Carrying Amount Amortization Amount Amount Amortization Amount Purchased intangibles $ 115,471 $ (72,784 ) $ 42,687 $ 85,449 $ (61,376 ) $ 24,073 Capitalized software development 10,517 (10,234 ) 283 10,516 (9,544 ) 972 Total $ 125,988 $ (83,018 ) $ 42,970 $ 95,965 $ (70,920 ) $ 25,045

ALLOWANCE FOR CREDIT LOSSES (Ta

ALLOWANCE FOR CREDIT LOSSES (Tables)	9 Months Ended
	Dec. 31, 2023
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 nine months ended December 31, 2023, and 2022 (in thousands): Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2023 $ 2,572 $ 801 $ 981 $ 4,354 Provision for credit losses 516 27 484 1,027 Write-offs and other (89 ) 1 (1 ) (89 ) Balance December 31 2023 $ 2,999 $ 829 $ 1,464 $ 5,292 Accounts Receivable Notes Receivable Lease Receivables Total Balance April 1, 2022 $ 2,411 $ 708 $ 681 $ 3,800 Provision for credit losses 1,584 546 716 $ 2,846 Write-offs and other (102 ) (2 ) - $ (104 ) Balance December 31 2022 $ 3,893 $ 1,252 $ 1,397 $ 6,542
Amortized Cost Basis of Financing Receivables by Credit Quality Rating 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 December 31, 2023 (in thousands): Amortized cost basis by origination year ending March 31, 2024 2023 2022 2021 2020 2019 and prior Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 78,475 $ 19,040 $ 4,558 $ 3,230 $ 39 $ - $ 105,342 $ (35,451 ) $ 69,891 Average CQR 10,780 4,078 374 75 - 14 15,321 (3,858 ) 11,463 Total $ 89,255 $ 23,118 $ 4,932 $ 3,305 $ 39 $ 14 $ 120,663 $ (39,309 ) $ 81,354 Lease receivables: High CQR $ 26,317 $ 9,664 $ 2,211 $ 1,270 $ 214 $ 10 $ 39,686 $ (5,320 ) $ 34,366 Average CQR 17,209 10,713 2,749 375 2 - 31,048 (3,548 ) 27,500 Total $ 43,526 $ 20,377 $ 4,960 $ 1,645 $ 216 $ 10 $ 70,734 $ (8,868 ) $ 61,866 Total amortized cost (1) $ 132,781 $ 43,495 $ 9,892 $ 4,950 $ 255 $ 24 $ 191,397 $ (48,177 ) $ 143,220 (1) Excludes thousand that we retained after selling the related lease receivable. (2) Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis. The following table provides the amortized cost basis of our financing receivables by CQR and by credit origination year as of March 31, 2023 (in thousands): Amortized cost basis by origination year ending March 31, 2023 2022 2021 2020 2019 2018 and prior Total Transfers (2) Net credit exposure Notes receivable: High CQR $ 72,155 $ 11,378 $ 11,267 $ 370 $ 30 $ - $ 95,200 $ (28,115 ) $ 67,085 Average CQR 12,793 2,675 213 115 61 1 15,858 (1,432 ) 14,426 Total $ 84,948 $ 14,053 $ 11,480 $ 485 $ 91 $ 1 $ 111,058 $ (29,547 ) $ 81,511 Lease receivables: High CQR $ 21,629 $ 3,842 $ 1,916 $ 565 $ 51 $ 9 $ 28,012 $ (1,437 ) $ 26,575 Average CQR 23,796 3,430 770 35 3 - 28,034 (1,594 ) 26,440 Total $ 45,425 $ 7,272 $ 2,686 $ 600 $ 54 $ 9 $ 56,046 $ (3,031 ) $ 53,015 Total amortized cost (1) $ 130,373 $ 21,325 $ 14,166 $ 1,085 $ 145 $ 10 $ 167,104 $ (32,578 ) $ 134,526 (1) Excludes unguaranteed residual values of $ thousand that we retained after selling the related lease receivable. (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 61-90 Days Past > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Notes receivable $ 5,735 $ 306 $ 2,131 $ 8,172 $ 5,617 $ 13,789 $ 106,874 $ 120,663 Lease receivables 542 754 2,023 3,319 3,221 6,540 64,194 70,734 Total $ 6,277 $ 1,060 $ 4,154 $ 11,491 $ 8,838 $ 20,329 $ 171,068 $ 191,397 The following table provides an aging analysis of our financing receivables as of , (in thousands): 31-60 Days Past 61-90 Days Past > 90 Days Past Due Total Past Due Current Total Billed Unbilled Amortized Cost Notes receivable $ 1,020 $ 862 $ 473 $ 2,355 $ 7,703 $ 10,058 $ 101,000 $ 111,058 Lease receivables 1,068 463 864 2,395 5,413 7,808 48,238 56,046 Total $ 2,088 $ 1,325 $ 1,337 $ 4,750 $ 13,116 $ 17,866 $ 149,238 $ 167,104

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	9 Months Ended
	Dec. 31, 2023
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 and nine months ended December 31, 2023, and 2022, respectively (in thousands, except per share data) Three Months Ended December 31, Nine Months Ended December 31, 2023 2022 2023 2022 Net earnings attributable to common shareholders - basic and diluted $ 27,282 $ 35,694 $ 93,793 $ 86,502 Basic and diluted common shares outstanding Weighted average common shares outstanding — basic 26,618 26,592 26,598 26,561 Effect of dilutive shares 79 56 67 127 Weighted average shares common outstanding — diluted 26,697 26,648 26,665 26,688 Earnings per common share - basic $ 1.02 $ 1.34 $ 3.53 $ 3.26 Earnings per common share - diluted $ 1.02 $ 1.34 $ 3.52 $ 3.24

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	9 Months Ended
	Dec. 31, 2023
SHARE-BASED COMPENSATION [Abstract]
Summary of Non-Vested Restricted Shares	The following table provides a summary of our restricted stock activity: Number of Shares Weighted Average Grant-date Fair Value Nonvested April 1, 2023 314,860 $ 49.57 Granted 165,985 $ 56.43 Vested (167,546 ) $ 46.31 Forfeited (2,509 ) $ 55.60 Nonvested December 31 2023 310,790 $ 55.01
Summary of Share-Based Compensation Expenses	The following table provides a summary of our total share-based compensation expense, including for restricted stock awards, ESPP, PSUs, and the related income tax benefit for the three and nine months ended December 31, 2023, and 2022, respectively (in thousands): Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Equity-based compensation expense $ 2,526 $ 1,950 $ 7,145 $ 5,681 Income tax benefit (733 ) (540 ) (1,986 ) (1,608 )

FAIR VALUE OF FINANCIAL INSTR_2

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables)	9 Months Ended
	Dec. 31, 2023
FAIR VALUE OF FINANCIAL INSTRUMENTS [Abstract]
Fair Value Hierarchy of Financial Instruments	The following table summarizes the fair value hierarchy of our financial instruments as of December 31, 2023, and March 31, 2023 Fair Value Measurement Using Recorded Amount Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs (Level 3) December 31 , 2023 Assets: Money market funds $ 30,230 $ 30,230 $ - $ - March 31 , 2023 Assets: Money market funds $ 8,880 $ 8,880 $ - $ -

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	9 Months Ended
	Dec. 31, 2023
Network Solutions Group [Member]
Business Acquisition [Line Items]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable $ 20,419 Other assets 1,940 Identified intangible assets 29,960 Accounts payable and other liabilities (24,758 ) Contract liabilities (1,086 ) Total identifiable net assets 26,475 Goodwill 22,128 Total purchase consideration $ 48,603
Future Com [Member]
Business Acquisition [Line Items]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed	Our allocation of the purchase consideration to the assets acquired and liabilities assumed is presented below (in thousands): Acquisition Date Amount Accounts receivable $ 4,033 Other assets 129 Identified intangible assets 8,360 Accounts payable and other current liabilities (8,714 ) Contract liabilities (214 ) Total identifiable net assets 3,594 Goodwill 9,694 Total purchase consideration $ 13,288

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	9 Months Ended
	Dec. 31, 2023
SEGMENT REPORTING [Abstract]
Segment Reporting Information, by Reportable Segment	The following table provides reportable segment information (in thousands): Three Months Ended Nine Months Ended December 31, December 31, 2023 2022 2023 2022 Net sales Product $ 419,478 $ 544,316 $ 1,418,581 $ 1,336,309 Professional services 40,044 39,151 113,870 114,369 Managed services 34,640 28,307 99,335 81,359 Financing 14,893 11,702 39,055 43,504 Total 509,055 623,476 1,670,841 1,575,541 Gross profit Product 91,919 104,485 308,059 282,042 Professional services 17,332 15,294 47,852 45,046 Managed services 11,015 8,075 31,006 22,692 Financing 13,544 10,518 33,531 35,419 Total 133,810 138,372 420,448 385,199 Operating expenses Technology business 91,599 86,764 278,869 247,568 Financing 4,164 5,150 12,337 13,883 Total 95,763 91,914 291,206 261,451 Operating income Technology business 28,667 41,090 108,048 102,212 Financing 9,380 5,368 21,194 21,536 Total 38,047 46,458 129,242 123,748 Other income (expense), net 366 2,907 673 (3,112 ) Earnings before tax $ 38,413 $ 49,365 $ 129,915 $ 120,636 Depreciation and amortization Technology business $ 5,381 $ 3,582 $ 15,747 $ 10,304 Financing 18 27 74 83 Total $ 5,399 $ 3,609 $ 15,821 $ 10,387 Interest and financing costs Technology business $ 217 $ 1,308 $ 1,428 $ 2,117 Financing 766 267 1,626 746 Total $ 983 $ 1,575 $ 3,054 $ 2,863 Selected Financial Data - Statement of Cash Flow Purchases of property, equipment, and operating lease equipment Technology business $ 2,028 $ 2,225 $ 6,717 $ 4,122 Financing 68 1,026 987 1,539 Total $ 2,096 $ 3,251 $ 7,704 $ 5,661
Disaggregation of Net Sales and Revenue Recognized from Contracts with Customers [Table Text Block]	The following tables provide a disaggregation of net sales by source and further disaggregate our revenue recognized from contracts with customers by timing and our position as principal or agent (in thousands): Three months ended December 31, 2023 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 412,060 $ 40,044 $ 34,640 $ 774 $ 487,518 Financing and other 7,418 - - 14,119 21,537 Total $ 419,478 $ 40,044 $ 34,640 $ 14,893 $ 509,055 Timing and position as principal or agent Transferred at a point in time as principal $ 367,350 $ - $ - $ 774 $ 368,124 Transferred at a point in time as agent 44,710 - - - 44,710 Transferred over time as principal - 40,044 34,640 - 74,684 Total revenue from contracts with customers $ 412,060 $ 40,044 $ 34,640 $ 774 $ 487,518 Nine months ended December 31, 2023 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 1,398,668 $ 113,870 $ 99,335 $ 4,899 $ 1,616,772 Financing and other 19,913 - - 34,156 54,069 Total $ 1,418,581 $ 113,870 $ 99,335 $ 39,055 $ 1,670,841 Timing and position as principal or agent Transferred at a point in time as principal $ 1,262,010 $ - $ - $ 4,899 $ 1,266,909 Transferred at a point in time as agent 136,658 - - - 136,658 Transferred over time as principal - 113,870 99,335 - 213,205 Total revenue from contracts with customers $ 1,398,668 $ 113,870 $ 99,335 $ 4,899 $ 1,616,772 Three months ended December 31, 2022 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 538,400 $ 39,151 $ 28,307 $ 560 $ 606,418 Financing and other 5,916 - - 11,142 17,058 Total $ 544,316 $ 39,151 $ 28,307 $ 11,702 $ 623,476 Timing and position as principal or agent Transferred at a point in time as principal $ 495,294 $ - $ - $ 560 $ 495,854 Transferred at a point in time as agent 43,106 - - - 43,106 Transferred over time as principal - 39,151 28,307 - 67,458 Total revenue from contracts with customers $ 538,400 $ 39,151 $ 28,307 $ 560 $ 606,418 Nine months ended December 31, 2022 Product Professional Managed Services Financing Total Net Sales Contracts with customers $ 1,320,904 $ 114,369 $ 81,359 $ 8,428 $ 1,525,060 Financing and other 15,405 - - 35,076 50,481 Total $ 1,336,309 $ 114,369 $ 81,359 $ 43,504 $ 1,575,541 Timing and position as principal or agent Transferred at a point in time as principal $ 1,199,508 $ - $ - $ 8,428 $ 1,207,936 Transferred at a point in time as agent 121,396 - - - 121,396 Transferred over time as principal - 114,369 81,359 - 195,728 Total revenue from contracts with customers $ 1,320,904 $ 114,369 $ 81,359 $ 8,428 $ 1,525,060
Technology Segment Disaggregation of Revenue	The following table provides a disaggregation of our revenue from contracts with customers for our technology business by customer end market and by type (in thousands): Three Months Ended December 31, Nine Months Ended December 31, 2023 2022 2023 2022 Customer end market: Telecom, Media & Entertainment $ 139,551 $ 184,539 $ 405,192 $ 431,269 Technology 83,951 133,067 268,302 299,088 State and local government and educational institutions 60,108 72,730 264,419 207,823 Healthcare 55,504 69,825 214,182 205,297 Financial Services 38,816 48,008 174,391 118,917 All others 116,232 103,605 305,300 269,643 Net sales 494,162 611,774 1,631,786 1,532,037 Less: Revenue from financing and other (7,418 ) (5,916 ) (19,913 ) (15,405 ) Revenue from contracts with customers $ 486,744 $ 605,858 $ 1,611,873 $ 1,516,632 Type: Product Networking $ 209,936 $ 275,774 $ 723,760 $ 584,311 Cloud 120,253 157,126 427,365 470,851 Security 58,822 77,111 156,504 173,623 Collaboration 13,608 13,405 53,647 45,572 Other 16,859 20,900 57,305 61,952 Total product 419,478 544,316 1,418,581 1,336,309 Professional services 40,044 39,151 113,870 114,369 Managed services 34,640 28,307 99,335 81,359 Net sales 494,162 611,774 1,631,786 1,532,037 Less: Revenue from financing and other (7,418 ) (5,916 ) (19,913 ) (15,405 ) Revenue from contracts with customers $ 486,744 $ 605,858 $ 1,611,873 $ 1,516,632

ORGANIZATION AND SUMMARY OF S_3

ORGANIZATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - Segment	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Basis of Presentation [Abstract]
Number of operating segments			4
Net Sales [Member] | Product Concentration Risk [Member] | Cisco Systems [Member] | Technology Segment [Member]
Concentrations of Risk [Abstract]
Percentage of concentration risk	36%	39%	45%	38%

REVENUES (Details)

REVENUES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Contract with Customer, Asset and Liability [Abstract]
Accounts receivable - trade	$ 67,300		$ 67,300		$ 70,400
Current (included in deferred revenue)	129,875		129,875		113,713
Non-current (included in other liabilities)	58,766		58,766		$ 47,217
Revenue recognized from the beginning contract liability	15,500	$ 15,000	70,100	$ 57,400
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	133,420		133,420
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 25,473		$ 25,473
Expected timing of satisfaction, period	3 months		3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 59,995		$ 59,995
Expected timing of satisfaction, period	1 year		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	$ 29,509		$ 29,509
Expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 13,633		$ 13,633
Expected timing of satisfaction, period	1 year		1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-04-01
Revenue, Performance Obligation Satisfied over Time [Abstract]
Remaining performance obligation	$ 4,810		$ 4,810
Expected timing of satisfaction, period

FINANCING RECEIVABLES AND OPE_3

FINANCING RECEIVABLES AND OPERATING LEASES (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2023		Dec. 31, 2022	Mar. 31, 2023		Mar. 31, 2022
Profit Recognized for Sales-type Leases [Abstract]
Net sales		$ 7,418		$ 5,916	$ 19,913		$ 15,405
Cost of sales		6,666		4,949	18,189		12,785
Gross profit		752		967	1,724		2,620
Interest Income on Sales-type Leases [Abstract]
Interest income on sales-type leases		1,912		996	4,898		2,677
Lease income on operating leases		2,757		4,030	8,366		13,271
Financing Receivables [Abstract]
Unguaranteed residual value		4,009			4,009			$ 4,222
Allowance for credit losses		(5,292)		(6,542)	(5,292)		(6,542)	(4,354)		$ (3,800)
Reported as [Abstract]
Current		110,344			110,344			89,829
Unguaranteed residual value for sales-type leases		4,009			4,009			4,222
Investment in Operating Lease Equipment - Net [Abstract]
Cost of equipment under operating leases		13,749			13,749			15,301
Accumulated depreciation		(9,506)			(9,506)			(10,599)
Investment in operating lease equipment-net	[1]	4,243			4,243			4,702
Unguaranteed residual value of operating lease equipment net		1,647			1,647			1,717
Transfers of Financial Assets [Abstract]
Gain on sale of financing receivables		8,100		5,200	16,300		15,100
Proceeds from sale of financing receivables		422,100		157,200	704,300		586,100
Deferred revenue for servicing obligation		400			400			500
Notes Payable [Member] | Asset Pledged as Collateral [Member] | Nonrecourse [Member]
Transfers of Financial Assets [Abstract]
Financing receivables		70,000			70,000			35,700
Operating leases		2,500			2,500			2,500
Notes Receivables [Member]
Financing Receivables [Abstract]
Gross receivables		125,386			125,386			117,008
Unguaranteed residual value		0	[2]		0	[2]		0	[3]
Unearned income		(4,723)			(4,723)			(5,950)
Allowance for credit losses		(829)	[4]	(1,252)	(829)	[4]	(1,252)	(801)	[4]	(708)
Total, net		119,834			119,834			110,257
Reported as [Abstract]
Current		71,905			71,905			65,738
Long-term		47,929			47,929			44,519
Total, net		119,834			119,834			110,257
Lease Receivables [Member]
Financing Receivables [Abstract]
Gross receivables		82,257			82,257			60,157
Unguaranteed residual value		8,860	[2]		8,860	[2]		8,161	[3]
Unearned income		(16,374)			(16,374)			(8,050)
Allowance for credit losses		(1,464)	[4]	$ (1,397)	(1,464)	[4]	$ (1,397)	(981)	[4]	$ (681)
Total, net		73,279			73,279			59,287
Reported as [Abstract]
Current		38,439			38,439			24,091
Long-term		34,840			34,840			35,196
Total, net		73,279			73,279			59,287
Financing Receivables [Member]
Financing Receivables [Abstract]
Gross receivables		207,643			207,643			177,165
Unguaranteed residual value		8,860	[2]		8,860	[2]		8,161	[3]
Unearned income		(21,097)			(21,097)			(14,000)
Allowance for credit losses	[4]	(2,293)			(2,293)			(1,782)
Total, net		193,113			193,113			169,544
Reported as [Abstract]
Current		110,344			110,344			89,829
Long-term		82,769			82,769			79,715
Total, net		$ 193,113			$ 193,113			$ 169,544
[1]Amounts include estimated unguaranteed residual values of $1,647 thousand and $1,717 thousand as of December 31, 2023, and March 31, 2023, respectively.[2] Includes unguaranteed residual values of $4,009 thousand that we retained after selling the related lease receivable. Includes unguaranteed residual values of that we retained after selling the related lease receivable. Note 7 Refer to Note 7 “Allowance for Credit Losses” for details.

LESSEE ACCOUNTING (Details)

LESSEE ACCOUNTING (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Lessee, Operating Lease [Abstract]
Rent expense	$ 1.4	$ 1.3	$ 4.4	$ 3.8
Office Building [Member] | Maximum [Member]
Lessee, Operating Lease [Abstract]
Operating lease term	6 years		6 years
Warehouse [Member] | Maximum [Member]
Lessee, Operating Lease [Abstract]
Operating lease term	10 years		10 years

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS, Goodwill (Details) $ in Thousands		3 Months Ended	9 Months Ended
		Jun. 30, 2023 USD ($) Unit	Dec. 31, 2023 USD ($)
Goodwill [Roll Forward]
Goodwill	[1]	$ 136,105	$ 136,105
Acquisitions			22,128
Foreign currency translations			51
Goodwill	[1]		158,284
Accumulated impairments			8,673
Increase in goodwill			22,200
Percentage change in the fair value		10%
Number of reporting units | Unit		1
Technology Segment [Member]
Goodwill [Roll Forward]
Number of new segments created | Unit		3
Product [Member]
Goodwill [Roll Forward]
Goodwill	[1]	$ 106,497	106,497
Acquisitions			19,672
Foreign currency translations			40
Goodwill	[1]		126,209
Professional Services [Member]
Goodwill [Roll Forward]
Goodwill	[1]	19,712	19,712
Acquisitions			2,456
Foreign currency translations			7
Goodwill	[1]		22,175
Managed Services [Member]
Goodwill [Roll Forward]
Goodwill	[1]	$ 9,896	9,896
Acquisitions			0
Foreign currency translations			4
Goodwill	[1]		$ 9,900
[1]Balance is net of $8,673 thousand in accumulated impairments that were recorded in segments that precede our current segment organization.

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS, Other Intangible Assets (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Mar. 31, 2023
Other Intangible Assets [Abstract]
Gross carrying amount	$ 125,988		$ 125,988		$ 95,965
Accumulated amortization	(83,018)		(83,018)		(70,920)
Net carrying amount	42,970		42,970		25,045
Purchased Intangibles [Member]
Other Intangible Assets [Abstract]
Gross carrying amount	115,471		115,471		85,449
Accumulated amortization	(72,784)		(72,784)		(61,376)
Net carrying amount	42,687		42,687		24,073
Total amortization expense	$ 3,900	$ 2,500	$ 11,300	$ 7,200
Purchased Intangibles [Member] | Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	5 years		5 years
Purchased Intangibles [Member] | Maximum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	10 years		10 years
Capitalized Software Development [Member]
Other Intangible Assets [Abstract]
Gross carrying amount	$ 10,517		$ 10,517		10,516
Accumulated amortization	(10,234)		(10,234)		(9,544)
Net carrying amount	$ 283		$ 283		$ 972
Capitalized Software Development [Member] | Minimum [Member]
Other Intangible Assets [Abstract]
Estimated useful life	5 years		5 years

ALLOWANCE FOR CREDIT LOSSES, Ac

ALLOWANCE FOR CREDIT LOSSES, Activity (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Activity in reserves for credit losses [Roll Forward]
Balance	$ 4,354		$ 3,800
Provision for credit losses	1,027		2,846
Write-offs and other	(89)		(104)
Balance	5,292		6,542
Accounts Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	2,572		2,411
Provision for credit losses	516		1,584
Write-offs and other	(89)		(102)
Balance	2,999		3,893
Notes Receivable [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	801	[1]	708
Provision for credit losses	27		546
Write-offs and other	1		(2)
Balance	829	[1]	1,252
Lease Receivables [Member]
Activity in reserves for credit losses [Roll Forward]
Balance	981	[1]	681
Provision for credit losses	484		716
Write-offs and other	(1)		0
Balance	$ 1,464	[1]	$ 1,397
[1]Refer to Note 7 Refer to Note 7 “Allowance for Credit Losses” for details.

ALLOWANCE FOR CREDIT LOSSES, Am

ALLOWANCE FOR CREDIT LOSSES, Amortized Cost Basis (Details) - USD ($) $ in Thousands	9 Months Ended
	Dec. 31, 2023		Mar. 31, 2023
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	$ 132,781	[1]	$ 130,373	[2]
2023/2022	43,495	[1]	21,325	[2]
2022/2021	9,892	[1]	14,166	[2]
2021/2020	4,950	[1]	1,085	[2]
2020/2019	255	[1]	145	[2]
2019/2018 and prior	24	[1]	10	[2]
Total	191,397	[1]	167,104	[2]
Transfers	(48,177)	[1],[3]	(32,578)	[2],[4]
Net credit exposure	143,220	[1]	134,526
Unguaranteed residual value	$ 4,009		4,222
Minimum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating	8%
Maximum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating	100%
Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	$ 89,255		84,948
2023/2022	23,118		14,053
2022/2021	4,932		11,480
2021/2020	3,305		485
2020/2019	39		91
2019/2018 and prior	14		1
Total	120,663		111,058
Transfers	(39,309)	[3]	(29,547)	[4]
Net credit exposure	81,354		81,511
Unguaranteed residual value	0	[5]	0	[6]
Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	43,526		45,425
2023/2022	20,377		7,272
2022/2021	4,960		2,686
2021/2020	1,645		600
2020/2019	216		54
2019/2018 and prior	10		9
Total	70,734		56,046
Transfers	(8,868)	[3]	(3,031)	[4]
Net credit exposure	61,866		53,015
Unguaranteed residual value	$ 8,860	[5]	8,161	[6]
High CQR [Member] | Maximum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating	1%
High CQR [Member] | Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	$ 78,475		72,155
2023/2022	19,040		11,378
2022/2021	4,558		11,267
2021/2020	3,230		370
2020/2019	39		30
2019/2018 and prior	0		0
Total	105,342		95,200
Transfers	(35,451)	[3]	(28,115)	[4]
Net credit exposure	69,891		67,085
High CQR [Member] | Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	26,317		21,629
2023/2022	9,664		3,842
2022/2021	2,211		1,916
2021/2020	1,270		565
2020/2019	214		51
2019/2018 and prior	10		9
Total	39,686		28,012
Transfers	(5,320)	[3]	(1,437)	[4]
Net credit exposure	$ 34,366		26,575
Average CQR [Member] | Minimum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating	1%
Average CQR [Member] | Maximum [Member]
Credit Risk Profile, Segregated by Class [Abstract]
Loss rate on credit quality rating	8%
Average CQR [Member] | Notes Receivable [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	$ 10,780		12,793
2023/2022	4,078		2,675
2022/2021	374		213
2021/2020	75		115
2020/2019	0		61
2019/2018 and prior	14		1
Total	15,321		15,858
Transfers	(3,858)	[3]	(1,432)	[4]
Net credit exposure	11,463		14,426
Average CQR [Member] | Lease Receivables [Member]
Credit Risk Profile, Segregated by Class [Abstract]
2024/2023	17,209		23,796
2023/2022	10,713		3,430
2022/2021	2,749		770
2021/2020	375		35
2020/2019	2		3
2019/2018 and prior	0		0
Total	31,048		28,034
Transfers	(3,548)	[3]	(1,594)	[4]
Net credit exposure	$ 27,500		$ 26,440
[1] Excludes thousand that we retained after selling the related lease receivable. Excludes unguaranteed residual values of $ thousand that we retained after selling the related lease receivable. Transfers consist of receivables that have been transferred to third-party financial institutions on a non-recourse basis. 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. Includes unguaranteed residual values of $4,009 thousand that we retained after selling the related lease receivable. Includes unguaranteed residual values of that we retained after selling the related lease receivable.

ALLOWANCE FOR CREDIT LOSSES, Ag

ALLOWANCE FOR CREDIT LOSSES, Aging Analysis (Details) - USD ($) $ in Thousands	Dec. 31, 2023		Mar. 31, 2023
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Billed	$ 20,329		$ 17,866
Unbilled	171,068		149,238
Total	191,397	[1]	167,104	[2]
Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Billed	13,789		10,058
Unbilled	106,874		101,000
Total	120,663		111,058
Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Billed	6,540		7,808
Unbilled	64,194		48,238
Total	70,734		56,046
Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	11,491		4,750
Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	8,172		2,355
Past Due [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	3,319		2,395
31 to 60 Days Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	6,277		2,088
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	5,735		1,020
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	542		1,068
61 to 90 Days Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	1,060		1,325
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	306		862
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	754		463
> 90 Days Past Due [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	4,154		1,337
> 90 Days Past Due [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	2,131		473
> 90 Days Past Due [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	2,023		864
Current [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	8,838		13,116
Current [Member] | Notes Receivable [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	5,617		7,703
Current [Member] | Lease Receivables [Member]
Age of the Recorded Notes Receivable Balance Disaggregated Based on Internally Assigned CQR [Abstract]
Total	$ 3,221		$ 5,413
[1] Excludes thousand that we retained after selling the related lease receivable. Excludes unguaranteed residual values of $ thousand that we retained after selling the related lease receivable.

NOTES PAYABLE AND CREDIT FACI_2

NOTES PAYABLE AND CREDIT FACILITY (Details) $ in Millions	9 Months Ended
	Dec. 31, 2023 USD ($) Dates	Mar. 31, 2023 USD ($)	Mar. 10, 2023 USD ($)
Notes Payable [Member] | Recourse [Member]
Notes Payable [Abstract]
Weighted average interest rate of notes		3.50%
Notes Payable [Member] | Recourse [Member] | Note Payable One Installment Arrangement [Member]
Notes Payable [Abstract]
Long-term Debt		$ 6
Notes Payable [Member] | Non-recourse [Member]
Notes Payable [Abstract]
Long-term Debt	$ 48.4	$ 34.3
Weighted average interest rate of notes	6.64%	5.01%
Floor Plan Facility [Member] | WFCDF Credit Facility [Member] | Minimum [Member]
Credit Facility [Abstract]
Debt instrument, term	30 days
Floor Plan Facility [Member] | WFCDF Credit Facility [Member] | Maximum [Member]
Credit Facility [Abstract]
Debt instrument, term	60 days
WFCDF [Member] | WFCDF Credit Facility [Member]
Credit Facility [Abstract]
Guarantor obligations for credit facility, maximum	$ 10.5
Debt instrument, term	1 year
Renewal term	1 year
Period of notice required to terminate credit facility at year end	90 days
WFCDF [Member] | WFCDF Credit Facility [Member] | SOFR [Member]
Credit Facility [Abstract]
Basis spread on reference rate	1.75%
Debt instrument, interest rate adjustment	0.10%
WFCDF [Member] | Floor Plan Facility [Member] | WFCDF Credit Facility [Member]
Credit Facility [Abstract]
Maximum borrowing capacity under credit facility			$ 500
Amount outstanding under credit facility	$ 92.5	$ 134.6
Number of specified payment dates | Dates	3
WFCDF [Member] | Revolving Credit Facility [Member] | WFCDF Credit Facility [Member]
Credit Facility [Abstract]
Maximum borrowing capacity under credit facility			$ 200
Amount outstanding under credit facility	$ 0	$ 0

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended						9 Months Ended
	Dec. 31, 2023	Sep. 30, 2023	Jun. 30, 2023	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2023	Dec. 31, 2022
Reconciliation of Numerators and Denominators Used to Calculate Basic and Diluted Earnings per Common Share [Abstract]
Net earnings attributable to common shareholders - basic and diluted	$ 27,282	$ 32,664	$ 33,847	$ 35,694	$ 28,469	$ 22,339	$ 93,793	$ 86,502
Basic and diluted common shares outstanding [Abstract]
Weighted average common shares outstanding - basic (in shares)	26,618			26,592			26,598	26,561
Effect of dilutive shares (in shares)	79			56			67	127
Weighted average shares common outstanding - diluted (in shares)	26,697			26,648			26,665	26,688
Earnings per common share - basic (in dollars per share)	$ 1.02			$ 1.34			$ 3.53	$ 3.26
Earnings per common share - diluted (in dollars per share)	$ 1.02			$ 1.34			$ 3.52	$ 3.24

STOCKHOLDERS' EQUITY (Details)

STOCKHOLDERS' EQUITY (Details) - USD ($) $ in Millions	9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Mar. 22, 2023	Mar. 24, 2022
Share Repurchase Plan [Abstract]
Authorized number of shares under stock repurchase program (in shares)			1,000,000	1,000,000
Common stock repurchased during the period (in shares)	131,263	70,473
Common stock repurchased during the period	$ 6.7	$ 3.9
Shares repurchased to satisfy tax withholding obligation (in shares)	53,945	58,080
Value of shares repurchased to satisfy tax withholding obligation	$ 3	$ 3.3

SHARE-BASED COMPENSATION, Restr

SHARE-BASED COMPENSATION, Restricted Stock Activity (Details) - Restricted Stock [Member] - $ / shares	9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of Shares [Roll Forward]
Nonvested at beginning of period (in shares)	314,860
Granted (in shares)	165,985
Vested (in shares)	(167,546)
Forfeited (in shares)	(2,509)
Nonvested at end of period (in shares)	310,790
Weighted Average Grant-date Fair Value [Roll Forward]
Nonvested at beginning of period (in dollars per share)	$ 49.57
Granted (in dollars per share)	56.43
Vested (in dollars per share)	46.31
Forfeited (in dollars per share)	55.6
Nonvested at end of period (in dollars per share)	$ 55.01
2017 Director LTIP [Member]
Number of Shares [Roll Forward]
Granted (in shares)	13,120	18,842
2021 Employee LTIP [Member]
Number of Shares [Roll Forward]
Granted (in shares)	152,865	138,643

SHARE-BASED COMPENSATION, Perfo

SHARE-BASED COMPENSATION, Performance Stock Units (Details) - Performance Stock Units [Member]		9 Months Ended
	Nov. 17, 2023 $ / shares shares	Dec. 31, 2023 shares
Performance Stock Units ("PSUs") [Abstract]
Performance period		3 years
Conversion ratio		1
Vested (in shares)		0
Forfeited (in shares)		0
2021 Employee LTIP [Member]
Performance Stock Units ("PSUs") [Abstract]
Granted (in shares)	15,120
Grant date fair value (in dollars per share) | $ / shares	$ 61.17
Minimum [Member]
Performance Stock Units ("PSUs") [Abstract]
Awards vesting target percentage		0%
Maximum [Member]
Performance Stock Units ("PSUs") [Abstract]
Awards vesting target percentage		200%

SHARE-BASED COMPENSATION, Emplo

SHARE-BASED COMPENSATION, Employee Stock Purchase Plan (Details) - 2022 Employee Stock Purchase Plan [Member]	9 Months Ended
	Dec. 31, 2023 $ / shares shares
Employee Stock Purchase Plan [Abstract]
Aggregate number of shares that can be issued to participants (in shares)	2,500,000
Offering period	6 months
Number of shares issued under the plan (in shares)	70,715
Share issue price (in dollars per shares) | $ / shares	$ 42.69
Number of shares remaining under the plan (in shares)	2,430,000

SHARE-BASED COMPENSATION, Compe

SHARE-BASED COMPENSATION, Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Compensation Expense [Abstract]
Equity-based compensation expense	$ 2,526	$ 1,950	$ 7,145	$ 5,681
Income tax benefit	(733)	(540)	(1,986)	(1,608)
401(k) Profit Sharing Plan [Abstract]
Contribution to profit sharing plan	1,000	$ 1,100	3,600	$ 3,200
Restricted Stock [Member]
Compensation Expense [Abstract]
Unrecognized compensation expense	$ 12,600		$ 12,600
Unrecognized compensation expense, period for recognition			30 months

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
INCOME TAXES [Abstract]
Provision for income tax expense	$ 11,131	$ 13,671	$ 36,122	$ 34,134
Effective income tax rate	29%	27.70%	27.80%	28.30%
Statutory federal income tax rate	21%	21%	21%	21%

FAIR VALUE OF FINANCIAL INSTR_3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Mar. 31, 2023
Assets [Abstract]
Money market funds	$ 30,230	$ 8,880
Quoted Prices in Active Markets for Identical Assets (Level 1) [Member]
Assets [Abstract]
Money market funds	30,230	8,880
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, PEAK RES

BUSINESS COMBINATIONS, PEAK RESOURCES, INC. (PEAK) (Details) $ in Millions	Jan. 27, 2024 USD ($)
Peak Resource, Inc. [Member] | Subsequent Event [Member]
Business Combination [Abstract]
Consideration transferred	$ 5.6

BUSINESS COMBINATIONS, NETWORK

BUSINESS COMBINATIONS, NETWORK SOLUTIONS GROUP (NSG) (Details) - USD ($) $ in Thousands		3 Months Ended
	Apr. 30, 2023	Dec. 31, 2023	Mar. 31, 2023
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		$ 158,284	$ 136,105
Product [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill	$ 19,700
Professional Services [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill	2,400
Network Solutions Group [Member]
Business Combination [Abstract]
Cash portion of the acquisition	59,600
Cash received		$ 11,000
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable	20,419
Other assets	1,940
Identified intangible assets	29,960
Accounts payable and other current liabilities	(24,758)
Contract liabilities	(1,086)
Total identifiable net assets	26,475
Goodwill	22,128
Total purchase consideration	$ 48,603
Network Solutions Group [Member] | Customer Relationships [Member]
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Estimated useful lives		7 years

BUSINESS COMBINATIONS, FUTURE C

BUSINESS COMBINATIONS, FUTURE COM, LTD. (FUTURE COM) (Details) - USD ($) $ in Thousands	Jul. 15, 2022	Dec. 31, 2023	Mar. 31, 2023
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Goodwill		$ 158,284	$ 136,105
Future Com [Member]
Business Combination [Abstract]
Cash portion of the acquisition	$ 13,000
Consideration payable	300
Allocation of Purchase Price Consideration to Assets Acquired and Liabilities Assumed [Abstract]
Accounts receivable	4,033
Other assets	129
Identified intangible assets	8,360
Accounts payable and other current liabilities	(8,714)
Contract liabilities	(214)
Total identifiable net assets	3,594
Goodwill	9,694
Total purchase consideration	$ 13,288
Future Com [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		9 Months Ended
	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($) Segment	Dec. 31, 2022 USD ($)
SEGMENT REPORTING [Abstract]
Number of business segments | Segment			4
Reportable Segment Information [Abstract]
Net sales	$ 509,055	$ 623,476	$ 1,670,841	$ 1,575,541
Gross profit	133,810	138,372	420,448	385,199
Operating expenses	95,763	91,914	291,206	261,451
Operating income	38,047	46,458	129,242	123,748
Other income (expense), net	366	2,907	673	(3,112)
Earnings before tax	38,413	49,365	129,915	120,636
Depreciation and amortization	5,399	3,609	15,821	10,387
Interest and financing costs	983	1,575	3,054	2,863
Selected Financial Data - Statement of Cash Flow [Abstract]
Purchases of property, equipment and operating lease equipment	2,096	3,251	7,704	5,661
Technology Segment [Member]
Reportable Segment Information [Abstract]
Net sales	494,162	611,774	1,631,786	1,532,037
Product Segment [Member]
Reportable Segment Information [Abstract]
Net sales	419,478	544,316	1,418,581	1,336,309
Professional Services Segment [Member]
Reportable Segment Information [Abstract]
Net sales	40,044	39,151	113,870	114,369
Managed Services Segment [Member]
Reportable Segment Information [Abstract]
Net sales	34,640	28,307	99,335	81,359
Financing Segment [Member]
Reportable Segment Information [Abstract]
Net sales	14,893	11,702	39,055	43,504
Operating Segments [Member] | Technology Segment [Member]
Reportable Segment Information [Abstract]
Operating expenses	91,599	86,764	278,869	247,568
Operating income	28,667	41,090	108,048	102,212
Depreciation and amortization	5,381	3,582	15,747	10,304
Interest and financing costs	217	1,308	1,428	2,117
Selected Financial Data - Statement of Cash Flow [Abstract]
Purchases of property, equipment and operating lease equipment	2,028	2,225	6,717	4,122
Operating Segments [Member] | Product Segment [Member]
Reportable Segment Information [Abstract]
Net sales	419,478	544,316	1,418,581	1,336,309
Gross profit	91,919	104,485	308,059	282,042
Operating Segments [Member] | Professional Services Segment [Member]
Reportable Segment Information [Abstract]
Net sales	40,044	39,151	113,870	114,369
Gross profit	17,332	15,294	47,852	45,046
Operating Segments [Member] | Managed Services Segment [Member]
Reportable Segment Information [Abstract]
Net sales	34,640	28,307	99,335	81,359
Gross profit	11,015	8,075	31,006	22,692
Operating Segments [Member] | Financing Segment [Member]
Reportable Segment Information [Abstract]
Net sales	14,893	11,702	39,055	43,504
Gross profit	13,544	10,518	33,531	35,419
Operating expenses	4,164	5,150	12,337	13,883
Operating income	9,380	5,368	21,194	21,536
Depreciation and amortization	18	27	74	83
Interest and financing costs	766	267	1,626	746
Selected Financial Data - Statement of Cash Flow [Abstract]
Purchases of property, equipment and operating lease equipment	$ 68	$ 1,026	$ 987	$ 1,539

SEGMENT REPORTING, Disaggregati

SEGMENT REPORTING, Disaggregation of Net Sales and Revenue Recognized from Contracts with Customers (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Net Sales [Abstract]
Revenue from contracts with customers	$ 487,518	$ 606,418	$ 1,616,772	$ 1,525,060
Financing and other	21,537	17,058	54,069	50,481
Net sales	509,055	623,476	1,670,841	1,575,541
Transferred at Point in Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	368,124	495,854	1,266,909	1,207,936
Transferred at Point in Time [Member] | Sales Channel, Through Intermediary [Member]
Net Sales [Abstract]
Revenue from contracts with customers	44,710	43,106	136,658	121,396
Transferred over Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	74,684	67,458	213,205	195,728
Technology Segment [Member]
Net Sales [Abstract]
Revenue from contracts with customers	486,744	605,858	1,611,873	1,516,632
Financing and other	7,418	5,916	19,913	15,405
Net sales	494,162	611,774	1,631,786	1,532,037
Product Segment [Member]
Net Sales [Abstract]
Revenue from contracts with customers	412,060	538,400	1,398,668	1,320,904
Financing and other	7,418	5,916	19,913	15,405
Net sales	419,478	544,316	1,418,581	1,336,309
Product Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	367,350	495,294	1,262,010	1,199,508
Product Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Through Intermediary [Member]
Net Sales [Abstract]
Revenue from contracts with customers	44,710	43,106	136,658	121,396
Product Segment [Member] | Transferred over Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	0	0	0	0
Professional Services Segment [Member]
Net Sales [Abstract]
Revenue from contracts with customers	40,044	39,151	113,870	114,369
Financing and other	0	0	0	0
Net sales	40,044	39,151	113,870	114,369
Professional Services Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	0	0	0	0
Professional Services Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Through Intermediary [Member]
Net Sales [Abstract]
Revenue from contracts with customers	0	0	0	0
Professional Services Segment [Member] | Transferred over Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	40,044	39,151	113,870	114,369
Managed Services Segment [Member]
Net Sales [Abstract]
Revenue from contracts with customers	34,640	28,307	99,335	81,359
Financing and other	0	0	0	0
Net sales	34,640	28,307	99,335	81,359
Managed Services Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	0	0	0	0
Managed Services Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Through Intermediary [Member]
Net Sales [Abstract]
Revenue from contracts with customers	0	0	0	0
Managed Services Segment [Member] | Transferred over Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	34,640	28,307	99,335	81,359
Financing Segment [Member]
Net Sales [Abstract]
Revenue from contracts with customers	774	560	4,899	8,428
Financing and other	14,119	11,142	34,156	35,076
Net sales	14,893	11,702	39,055	43,504
Financing Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	774	560	4,899	8,428
Financing Segment [Member] | Transferred at Point in Time [Member] | Sales Channel, Through Intermediary [Member]
Net Sales [Abstract]
Revenue from contracts with customers	0	0	0	0
Financing Segment [Member] | Transferred over Time [Member] | Sales Channel, Directly to Consumer [Member]
Net Sales [Abstract]
Revenue from contracts with customers	$ 0	$ 0	$ 0	$ 0

SEGMENT REPORTING, Technology S

SEGMENT REPORTING, Technology Segment Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2023	Dec. 31, 2022
Disaggregation of Revenue [Abstract]
Net sales	$ 509,055	$ 623,476	$ 1,670,841	$ 1,575,541
Less: Revenue from financing and other	(21,537)	(17,058)	(54,069)	(50,481)
Revenue from contracts with customers	487,518	606,418	1,616,772	1,525,060
Product [Member]
Disaggregation of Revenue [Abstract]
Net sales	434,371	556,018	1,457,636	1,379,813
Technology Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales	494,162	611,774	1,631,786	1,532,037
Less: Revenue from financing and other	(7,418)	(5,916)	(19,913)	(15,405)
Revenue from contracts with customers	486,744	605,858	1,611,873	1,516,632
Technology Segment [Member] | Telecom, Media & Entertainment [Member]
Disaggregation of Revenue [Abstract]
Net sales	139,551	184,539	405,192	431,269
Technology Segment [Member] | Technology [Member]
Disaggregation of Revenue [Abstract]
Net sales	83,951	133,067	268,302	299,088
Technology Segment [Member] | State and Local Government and Educational Institutions [Member]
Disaggregation of Revenue [Abstract]
Net sales	60,108	72,730	264,419	207,823
Technology Segment [Member] | Health Care [Member]
Disaggregation of Revenue [Abstract]
Net sales	55,504	69,825	214,182	205,297
Technology Segment [Member] | Financial Services [Member]
Disaggregation of Revenue [Abstract]
Net sales	38,816	48,008	174,391	118,917
Technology Segment [Member] | All Others [Member]
Disaggregation of Revenue [Abstract]
Net sales	116,232	103,605	305,300	269,643
Product Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales	419,478	544,316	1,418,581	1,336,309
Less: Revenue from financing and other	(7,418)	(5,916)	(19,913)	(15,405)
Revenue from contracts with customers	412,060	538,400	1,398,668	1,320,904
Product Segment [Member] | Networking [Member]
Disaggregation of Revenue [Abstract]
Net sales	209,936	275,774	723,760	584,311
Product Segment [Member] | Cloud [Member]
Disaggregation of Revenue [Abstract]
Net sales	120,253	157,126	427,365	470,851
Product Segment [Member] | Security [Member]
Disaggregation of Revenue [Abstract]
Net sales	58,822	77,111	156,504	173,623
Product Segment [Member] | Collaboration [Member]
Disaggregation of Revenue [Abstract]
Net sales	13,608	13,405	53,647	45,572
Product Segment [Member] | Other [Member]
Disaggregation of Revenue [Abstract]
Net sales	16,859	20,900	57,305	61,952
Professional Services Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales	40,044	39,151	113,870	114,369
Less: Revenue from financing and other	0	0	0	0
Revenue from contracts with customers	40,044	39,151	113,870	114,369
Managed Services Segment [Member]
Disaggregation of Revenue [Abstract]
Net sales	34,640	28,307	99,335	81,359
Less: Revenue from financing and other	0	0	0	0
Revenue from contracts with customers	$ 34,640	$ 28,307	$ 99,335	$ 81,359