ScanSource (SCSC) 10-Q 9 May 23 2023 Q3 Quarterly report Financial data

Cover

Cover - shares	9 Months Ended
	Mar. 31, 2023	May 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	000-26926
Entity Registrant Name	ScanSource, Inc.
Entity Incorporation, State or Country Code	SC
Entity Tax Identification Number	57-0965380
Entity Address, Address Line One	6 Logue Court
Entity Address, City or Town	Greenville
Entity Address, State or Province	SC
Entity Address, Postal Zip Code	29615
City Area Code	864
Local Phone Number	288-2432
Title of 12(b) Security	Common stock, no par value
Trading Symbol	SCSC
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 (in shares)		24,899,757
Entity Central Index Key	0000918965
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 37,374	$ 37,987
Accounts receivable, less allowance of $14,236 at March 31, 2023 and $16,806 at June 30, 2022	684,458	729,442
Inventories	752,763	614,814
Prepaid expenses and other current assets	102,946	141,562
Total current assets	1,577,541	1,523,805
Property and equipment, net	36,486	37,477
Goodwill	215,326	214,435
Identifiable intangible assets, net	72,192	84,427
Deferred income taxes	14,300	15,668
Other non-current assets	64,537	61,616
Total assets	1,980,382	1,937,428
Current liabilities:
Accounts payable	656,688	714,177
Accrued expenses and other current liabilities	77,045	88,455
Income taxes payable	4,441	34
Current portion of long-term debt	5,977	11,598
Total current liabilities	744,151	814,264
Deferred income taxes	3,202	3,144
Long-term debt, net of current portion	145,881	123,733
Borrowings under revolving credit facility	159,194	135,839
Other long-term liabilities	49,059	53,920
Total liabilities	1,101,487	1,130,900
Commitments and contingencies
Shareholders’ equity:
Preferred stock, no par value; 3,000,000 shares authorized, none issued	0	0
Common stock, no par value; 45,000,000 shares authorized, 25,007,396 and 25,187,351 shares issued and outstanding at March 31, 2023 and June 30, 2022, respectively	60,475	64,297
Retained earnings	917,866	846,869
Accumulated other comprehensive loss	(99,446)	(104,638)
Total shareholders’ equity	878,895	806,528
Total liabilities and shareholders’ equity	$ 1,980,382	$ 1,937,428

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Current assets:
Allowance for accounts receivable	$ 14,236	$ 16,806
Shareholders’ equity:
Preferred stock, shares authorized (in shares)	3,000,000	3,000,000
Preferred stock, shares issued (in shares)	0	0
Common stock, shares authorized (in shares)	45,000,000	45,000,000
Common stock, share issued (in shares)	25,007,396	25,187,351
Common stock, shares outstanding (in shares)	25,007,396	25,187,351

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net sales	$ 885,519	$ 845,990	$ 2,840,573	$ 2,567,652
Cost of goods sold	773,757	739,482	2,499,992	2,251,920
Gross profit	111,762	106,508	340,581	315,732
Selling, general and administrative expenses	70,669	66,522	211,337	199,538
Depreciation expense	2,644	2,612	8,085	8,039
Intangible amortization expense	4,170	4,457	12,561	13,413
Operating income	34,279	32,917	108,598	94,742
Interest expense	5,715	1,483	14,223	4,637
Interest income	(1,710)	(1,000)	(5,327)	(2,973)
Other expense, net	361	(136)	1,314	668
Income before income taxes	29,913	32,570	98,388	92,410
Provision for income taxes	8,692	9,044	27,391	23,659
Net income from continuing operations	21,221	23,526	70,997	68,751
Net income from discontinued operations	0	0	0	100
Net income	$ 21,221	$ 23,526	$ 70,997	$ 68,851
Per share data:
Net income from continuing operations per common share, basic (in dollars per share)	$ 0.84	$ 0.92	$ 2.81	$ 2.69
Net income from discontinued operations per common share, basic (in dollars per share)	0	0	0	0
Net income per common share, basic (in dollars per share)	$ 0.84	$ 0.92	$ 2.81	$ 2.69
Weighted-average shares outstanding, basic (in shares)	25,196	25,635	25,228	25,577
Net income from continuing operations per common share, diluted (in dollars per share)	$ 0.83	$ 0.91	$ 2.79	$ 2.66
Net income from discontinued operations per common share, diluted (in dollars per share)	0	0	0	0
Net income per common share, diluted (in dollars per share)	$ 0.83	$ 0.91	$ 2.79	$ 2.67
Weighted-average shares outstanding, diluted (in shares)	25,439	25,853	25,436	25,812

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]
Net income	$ 21,221	$ 23,526	$ 70,997	$ 68,851
Unrealized (loss) gain on hedged transaction, net of tax	(1,165)	3,144	718	4,730
Foreign currency translation adjustment	4,291	17,186	4,474	3,279
Comprehensive income	$ 24,347	$ 43,856	$ 76,189	$ 76,860

CONDENSED CONSOLIDATED STATEM_2

CONDENSED CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (UNAUDITED) - USD ($) $ in Thousands	Total	Common Stock	Retained Earnings	Accumulated Other Comprehensive Loss
Beginning balance (in shares) at Jun. 30, 2021		25,499,465
Beginning balance at Jun. 30, 2021	$ 731,191	$ 71,253	$ 758,071	$ (98,133)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	22,073		22,073
Unrealized (loss) gain on hedged transaction, net of tax	413			413
Foreign currency translation adjustment	(11,147)			(11,147)
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		29,086
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	994	$ 994
Share-based compensation	2,570	$ 2,570
Ending balance (in shares) at Sep. 30, 2021		25,528,551
Ending balance at Sep. 30, 2021	746,094	$ 74,817	780,144	(108,867)
Beginning balance (in shares) at Jun. 30, 2021		25,499,465
Beginning balance at Jun. 30, 2021	731,191	$ 71,253	758,071	(98,133)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	68,851
Unrealized (loss) gain on hedged transaction, net of tax	4,730
Foreign currency translation adjustment	3,279
Ending balance (in shares) at Mar. 31, 2022		25,429,242
Ending balance at Mar. 31, 2022	806,654	$ 69,856	826,922	(90,124)
Beginning balance (in shares) at Sep. 30, 2021		25,528,551
Beginning balance at Sep. 30, 2021	746,094	$ 74,817	780,144	(108,867)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,252		23,252
Unrealized (loss) gain on hedged transaction, net of tax	1,172			1,172
Foreign currency translation adjustment	(2,759)			(2,759)
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		134,897
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	(2,513)	$ (2,513)
Common stock repurchased (in shares)		(5,903)
Common stock repurchased	(183)	$ (183)
Share-based compensation	3,462	$ 3,462
Ending balance (in shares) at Dec. 31, 2021		25,657,545
Ending balance at Dec. 31, 2021	768,525	$ 75,583	803,396	(110,454)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	23,526		23,526
Unrealized (loss) gain on hedged transaction, net of tax	3,144			3,144
Foreign currency translation adjustment	17,186			17,186
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		46,549
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	383	$ 383
Common stock repurchased (in shares)		(274,852)
Common stock repurchased	(8,886)	$ (8,886)
Share-based compensation	2,776	$ 2,776
Ending balance (in shares) at Mar. 31, 2022		25,429,242
Ending balance at Mar. 31, 2022	806,654	$ 69,856	826,922	(90,124)
Beginning balance (in shares) at Jun. 30, 2022		25,187,351
Beginning balance at Jun. 30, 2022	806,528	$ 64,297	846,869	(104,638)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	24,042		24,042
Unrealized (loss) gain on hedged transaction, net of tax	1,879			1,879
Foreign currency translation adjustment	(7,217)			(7,217)
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		38,551
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	(586)	$ (586)
Share-based compensation	2,358	$ 2,358
Ending balance (in shares) at Sep. 30, 2022		25,225,902
Ending balance at Sep. 30, 2022	827,004	$ 66,069	870,911	(109,976)
Beginning balance (in shares) at Jun. 30, 2022		25,187,351
Beginning balance at Jun. 30, 2022	806,528	$ 64,297	846,869	(104,638)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	70,997
Unrealized (loss) gain on hedged transaction, net of tax	718
Foreign currency translation adjustment	4,474
Ending balance (in shares) at Mar. 31, 2023		25,007,396
Ending balance at Mar. 31, 2023	878,895	$ 60,475	917,866	(99,446)
Beginning balance (in shares) at Sep. 30, 2022		25,225,902
Beginning balance at Sep. 30, 2022	827,004	$ 66,069	870,911	(109,976)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	25,734		25,734
Unrealized (loss) gain on hedged transaction, net of tax	3			3
Foreign currency translation adjustment	7,401			7,401
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		117,112
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	(1,112)	$ (1,112)
Share-based compensation	3,356	$ 3,356
Ending balance (in shares) at Dec. 31, 2022		25,343,014
Ending balance at Dec. 31, 2022	862,386	$ 68,313	896,645	(102,572)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	21,221		21,221
Unrealized (loss) gain on hedged transaction, net of tax	(1,165)			(1,165)
Foreign currency translation adjustment	4,291			4,291
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		20,851
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	118	$ 118
Common stock repurchased (in shares)		(356,469)
Common stock repurchased	(10,906)	$ (10,906)
Share-based compensation	2,950	$ 2,950
Ending balance (in shares) at Mar. 31, 2023		25,007,396
Ending balance at Mar. 31, 2023	$ 878,895	$ 60,475	$ 917,866	$ (99,446)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 70,997	$ 68,851
Net income from discontinued operations	0	100
Net income from continuing operations	70,997	68,751
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	21,359	22,184
Amortization of debt issue costs	481	313
Provision for doubtful accounts	1,852	156
Share-based compensation	8,633	8,792
Deferred income taxes	1,409	1,995
Finance lease interest	31	32
Changes in operating assets and liabilities:
Accounts receivable	46,652	(67,404)
Inventories	(136,257)	(118,349)
Prepaid expenses and other assets	39,178	(15,002)
Other non-current assets	(1,772)	(2,791)
Accounts payable	(60,717)	67,535
Accrued expenses and other liabilities	(16,780)	(12,745)
Income taxes payable	4,426	862
Net cash used in operating activities	(20,508)	(45,671)
Cash flows from investing activities:
Capital expenditures	(6,549)	(3,326)
Proceeds from the sale of discontinued operations	0	3,125
Net cash used in investing activities	(6,549)	(201)
Cash flows from financing activities:
Borrowings on revolving credit, net of expenses	1,871,909	1,597,270
Repayments on revolving credit, net of expenses	(1,848,554)	(1,552,976)
Borrowings (repayments) on long-term debt, net	16,527	(5,968)
Repayments on finance lease obligation	(612)	(932)
Debt issuance costs	(1,407)	0
Exercise of stock options	853	1,592
Taxes paid on settlement of equity awards	(2,433)	(2,729)
Common stock repurchased	(10,718)	(8,527)
Net cash provided by financing activities	25,565	27,730
Effect of exchange rate changes on cash and cash equivalents	879	(1,037)
Decrease in cash and cash equivalents	(613)	(19,179)
Cash and cash equivalents at beginning of period	37,987	62,718
Cash and cash equivalents at end of period	$ 37,374	$ 43,539

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Business and Summary of Significant Accounting Policies	Business and Summary of Significant Accounting Policies Business Description ScanSource, Inc. (together with its subsidiaries referred to as “the Company” or “ScanSource”) is a leading hybrid distributor connecting devices to the cloud and accelerating growth for partners across hardware, Software as a Service ("SaaS"), connectivity and cloud. The Company brings technology solutions and services from the world’s leading suppliers of mobility and barcode, point-of-sale ("POS"), payments, physical security, unified communications and collaboration, telecom and cloud services to market. The Company operates in the United States, Canada, Brazil and the UK. The Company's two operating segments, Specialty Technology Solutions and Modern Communications & Cloud, are based on technology type and are generally related to technology devices and communication, connectivity and cloud services, respectively. Basis of Presentation The accompanying unaudited condensed consolidated financial statements of the Company have been prepared by the Company’s management in accordance with United States generally accepted accounting principles ("U.S. GAAP") for interim financial information and applicable rules and regulations of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. The unaudited condensed consolidated financial statements included herein contain all adjustments (consisting of normal recurring and non-recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position at March 31, 2023 and June 30, 2022, the results of operations for the quarters and nine months ended March 31, 2023 and 2022, the statements of comprehensive income for the quarters and nine months ended March 31, 2023 and 2022, the statements of shareholders' equity for the quarters and nine months ended March 31, 2023 and 2022 and the statements of cash flows for the nine months ended March 31, 2023 and 2022. The results of operations for the quarters and nine months ended March 31, 2023 are not necessarily indicative of the results to be expected for a full year. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Unless otherwise indicated, disclosures provided in the Notes pertain to continuing operations only. The Company has reclassified certain prior-year amounts in the segment results to conform with current year presentation. The reclassifications had no effect on the condensed consolidated financial results. Summary of Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies for the nine months ended March 31, 2023 from the policies described in the notes to the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2022. For a discussion of the Company’s significant accounting policies, please see the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Cash and Cash Equivalents The Company considers all highly-liquid investments with original maturities of three months or less, when purchased, to be cash equivalents. The Company maintains zero-balance disbursement accounts at various financial institutions at which the Company does not maintain significant depository relationships. Due to the terms of the agreements governing these accounts, the Company generally does not have the right to offset outstanding checks written from these accounts against cash on hand, and the respective institutions are not legally obligated to honor the checks until sufficient funds are transferred to fund the checks. As a result, checks released but not yet cleared from these accounts in the amounts of $7.4 million and $18.0 million are included in accounts payable on the condensed consolidated balance sheets at March 31, 2023 and June 30, 2022, respectively. Long-lived Assets The Company presents depreciation expense and intangible amortization expense on the Condensed Consolidated Income Statements. The Company's depreciation expense related to selling, general and administrative costs totaled $2.6 million and $8.1 million for the quarter and nine months ended March 31, 2023 and $2.6 million and $8.0 million for the quarter and nine months ended March 31, 2022. Depreciation expense reported as part of cost of goods sold on the Condensed Consolidated Income Statements totaled $0.3 million and $0.7 million for the quarter and nine months ended March 31, 2023 and $0.2 million and $0.7 million for the quarter and nine months ended March 31, 2022. The Company's intangible amortization expense reported on the Condensed Consolidated Income Statements relates to selling, general and administrative costs, not the cost of selling goods. Intangible amortization expense totaled $4.2 million and $12.6 million for the quarter and nine months ended March 31, 2023 and $4.5 million and $13.4 million for the quarter and nine months ended March 31, 2022. Recent Accounting Pronouncements The Company has reviewed newly issued accounting pronouncements and concluded that they are either not applicable to its business or that no material effect is expected on its consolidated financial statements as a result of future adoption.

Trade Accounts and Notes Receiv

Trade Accounts and Notes Receivable, Net	9 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Trade Accounts and Notes Receivable, Net	Trade Accounts and Notes Receivable, Net The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers’ failure to make payments on accounts receivable due to the Company. The Company has notes receivable with certain customers, which are included in “Accounts receivable, less allowance” in the Condensed Consolidated Balance Sheets. Management determines the estimate of the allowance for doubtful accounts receivable by considering a number of factors, including: (i) historical experience, (ii) aging of the accounts receivable, (iii) specific information obtained by the Company on the financial condition and the current creditworthiness of its customers, (iv) the current economic and country-specific environment and (v) reasonable and supportable forecasts about collectability. Expected credit losses are estimated on a pool basis when similar risk characteristics exist using an age-based reserve model. Receivables that do not share risk characteristics are evaluated on an individual basis. Estimates of expected credit losses on trade receivables over the contractual life are recorded at inception and adjusted over the contractual life. The changes in the allowance for doubtful accounts for the nine months ended March 31, 2023 are set forth in the table below. June 30, 2022 Amounts Charged to Expense Write-offs Other (1) March 31, 2023 (in thousands) Trade accounts and current notes receivable allowance $ 16,806 $ 1,852 $ (3,595) $ (827) $ 14,236

Revenue Recognition

Revenue Recognition	9 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company provides technology solutions and services from the world's leading suppliers of mobility, barcode, POS, payments, physical security, unified communications, collaboration, telecom and cloud services. This includes hardware, related accessories and device configuration as well as software licenses, professional services and hardware support programs. In determining the appropriate amount of revenue to recognize, the Company applies the following five-step model: (i) identify contracts with customers; (ii) identify performance obligations in the contracts; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations per the contracts; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company recognizes revenue as control of products and services are transferred to customers, which is generally at the point of shipment. The Company delivers products to customers in several ways, including: (i) shipment from a Company warehouse, (ii) drop-shipment directly from the supplier, or (iii) electronic delivery for non-physical products. Principal versus Agent Considerations The Company is the principal for sales of all hardware and certain software and services. The Company considers itself the principal in those transactions where it has control of the product or service before it is transferred to the customer. The Company recognizes the principal-associated revenue and cost of goods sold on a gross basis. The Company is the agent for third-party service contracts, including product warranties and supplier-hosted software. These service contracts are sold separately from the products, and the Company often serves as the agent for the contract on behalf of the original equipment manufacturer. The Company's responsibility is to arrange for the provision of the specified service by the original equipment manufacturer, and the Company does not control the specified service before it is transferred to the customer. Because the Company acts as an agent, revenue is recognized net of cost at the time of sale. The Intelisys business operates under an agency model. Variable Considerations For certain transactions, products are sold with a right of return and may also provide other rebates or incentives, which are accounted for as variable consideration. The Company estimates a returns allowance based on historical experience and reduces revenue accordingly. The Company estimates the amount of variable consideration for rebates and incentives by using the expected value to be given to the customer and reduces the revenue by those estimated amounts. These estimates are reviewed and updated as necessary at the end of each reporting period. Contract Balances The Company records contract assets and liabilities for payments received from customers in advance of services performed. These assets and liabilities are the result of the sales of the Company's self-branded warranty programs and other transactions where control has not yet passed to the customer. These amounts are immaterial to the consolidated financial statements for the periods presented. Disaggregation of Revenue The following tables represent the Company's disaggregation of revenue: Quarter ended March 31, 2023 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service Hardware, software and cloud (excluding Intelisys) $ 565,652 $ 299,803 $ 865,455 Intelisys connectivity and cloud — 20,064 20,064 $ 565,652 $ 319,867 $ 885,519 Nine months ended March 31, 2023 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service: Hardware, software and cloud (excluding Intelisys) $ 1,769,530 $ 1,012,176 $ 2,781,706 Intelisys connectivity and cloud — 58,867 58,867 $ 1,769,530 $ 1,071,043 $ 2,840,573 Quarter ended March 31, 2022 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service Hardware, software and cloud (excluding Intelisys) $ 503,072 $ 323,684 $ 826,756 Intelisys connectivity and cloud — 19,234 19,234 $ 503,072 $ 342,918 $ 845,990 Nine months ended March 31, 2022 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service: Hardware, software and cloud (excluding Intelisys) $ 1,501,702 $ 1,010,825 $ 2,512,527 Intelisys connectivity and cloud — 55,125 55,125 $ 1,501,702 $ 1,065,950 $ 2,567,652

Earnings Per Share

Earnings Per Share	9 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Earnings Per Share	Earnings Per Share Basic earnings per share are computed by dividing net income by the weighted-average number of common shares outstanding. Diluted earnings per share are computed by dividing net income by the weighted-average number of common and potential common shares outstanding. Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands, except per share data) Numerator: Net income from continuing operations $ 21,221 $ 23,526 $ 70,997 $ 68,751 Net income from discontinued operations — — — 100 Net income $ 21,221 $ 23,526 $ 70,997 $ 68,851 Denominator: Weighted-average shares, basic 25,196 25,635 25,228 25,577 Dilutive effect of share-based payments 243 218 208 235 Weighted-average shares, diluted 25,439 25,853 25,436 25,812 Net income from continuing operations per common share, basic $ 0.84 $ 0.92 $ 2.81 $ 2.69 Net income from discontinued operations per common share, basic — — — — Net income per common share, basic $ 0.84 $ 0.92 $ 2.81 $ 2.69 Net income from continuing operations per common share, diluted $ 0.83 $ 0.91 $ 2.79 $ 2.66 Net income from discontinued operations per common share, diluted — — — — Net income per common share, diluted $ 0.83 $ 0.91 $ 2.79 $ 2.67

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	9 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss Accumulated other comprehensive loss consists of the following: March 31, 2023 June 30, 2022 (in thousands) Foreign currency translation adjustment $ (101,425) $ (105,899) Unrealized gain on hedged transaction, net of tax 1,979 1,261 Accumulated other comprehensive loss $ (99,446) $ (104,638) The tax effect of amounts in comprehensive loss reflect a tax (benefit) expense as follows: Quarter ended March 31, Nine months ended March 31, 2023 2022 2023 2022 (in thousands) Tax (benefit) expense $ (354) $ 590 $ 225 $ 1,390

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Identifiable Intangible Assets	Goodwill and Other Identifiable Intangible Assets The changes in the carrying amount of goodwill for the nine months ended March 31, 2023, by reporting segment, are set forth in the table below. Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Balance at June 30, 2022 $ 16,370 $ 198,065 $ 214,435 Foreign currency translation adjustment — 891 891 Balance at March 31, 2023 $ 16,370 $ 198,956 $ 215,326 The following table shows changes in the amount recognized for net identifiable intangible assets for the nine months ended March 31, 2023. Net Identifiable Intangible Assets (in thousands) Balance at June 30, 2022 $ 84,427 Amortization expense (12,561) Foreign currency translation adjustment 326 Balance at March 31, 2023 $ 72,192

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Short-Term Borrowings and Long-Term Debt	Short-Term Borrowings and Long-Term DebtThe following table presents the Company’s debt at March 31, 2023 and June 30, 2022. March 31, 2023 June 30, 2022 (in thousands) Current portion of long-term debt $ 5,977 $ 11,598 Mississippi revenue bond, net of current portion 3,381 3,733 Senior secured term loan facility, net of current portion 142,500 120,000 Borrowings under revolving credit facility 159,194 135,839 Total debt $ 311,052 $ 271,170 Credit Facility The Company has a multi-currency senior secured credit facility (as amended, the "Amended Credit Agreement") with JPMorgan Chase Bank N.A., as administrative agent, and a syndicate of banks (collectively the "Lenders"). On September 28, 2022, the Company amended and restated the Amended Credit Agreement, which includes (i) a five-year, $350 million multicurrency senior secured revolving credit facility and (ii) a five-year $150 million senior secured term loan facility. The Amended Credit Agreement extended the credit facility maturity date to September 28, 2027. In addition, pursuant to an “accordion feature,” the Company may increase its borrowings up to an additional $250 million, subject to obtaining additional credit commitments from the lenders participating in the increase. The Amended Credit Agreement allows for the issuance of up to $50 million for letters of credit. Borrowings under the Amended Credit Agreement are guaranteed by substantially all of the domestic assets of the Company and its domestic subsidiaries. Under the terms of the revolving credit facility, the payment of cash dividends is restricted. The Company incurred debt issuance costs of $1.4 million in connection with the amendment and restatement of the Amended Credit Agreement. These costs were capitalized to other non-current assets on the Condensed Consolidated Balance Sheets and added to the unamortized debt issuance costs from the previous credit facility. Loans denominated in U.S. dollars, other than swingline loans, bear interest at a rate per annum equal to, at the Company’s option, (i) the adjusted term Secured Overnight Financing Rate ("SOFR") or adjusted daily simple SOFR plus an additional margin ranging from 1.00% to 1.75% depending upon the Company’s ratio of (A) total consolidated debt less up to $30 million of unrestricted domestic cash to (B) trailing four-quarter consolidated EBITDA measured as of the end of the most recent year or quarter, as applicable, for which financial statements have been delivered to the Lenders (the “leverage ratio”); or (ii) the alternate base rate plus an additional margin ranging from 0% to 0.75%, depending upon the Company’s leverage ratio, plus, if applicable, certain mandatory costs. All swingline loans denominated in U.S. dollars bear interest based upon the adjusted daily simple SOFR plus an additional margin ranging from 1.00% to 1.75% depending upon the Company's leverage ratio, or such other rate as the Company and the applicable swingline lender may agree. The adjusted term SOFR and adjusted daily simple SOFR include a fixed credit adjustment of 0.10% over the applicable SOFR reference rate. Loans denominated in foreign currencies bear interest at a rate per annum equal to the applicable benchmark rate set forth in the Amended Credit Agreement plus an additional margin ranging from 1.00% to 1.75%, depending upon the Company’s leverage ratio plus, if applicable, certain mandatory costs. During the quarter and nine months ended March 31, 2023, the Company's borrowings under the credit facility were U.S. dollar loans. The spread in effect as of March 31, 2023 was 1.50%, plus a 0.10% credit spread adjustment for SOFR-based loans and 0.50% for alternate base rate loans. The commitment fee rate in effect at March 31, 2023 was 0.25%. The Amended Credit Agreement includes customary representations, warranties and affirmative and negative covenants, including financial covenants. Specifically, the Company’s Leverage Ratio must be less than or equal to 3.50 to 1.00 at all times. In addition, the Company’s Interest Coverage Ratio (as such term is defined in the Amended Credit Agreement) must be at least 3.00 to 1.00 at the end of each fiscal quarter. In the event of a default, customary remedies are available to the lenders, including acceleration and increased interest rates. The Company was in compliance with all covenants under the credit facility at March 31, 2023. The average daily outstanding balance on the revolving credit facility, excluding the term loan facility, during the nine month periods ended March 31, 2023 and 2022 was $227.2 million and $60.0 million, respectively. There was $190.8 million and $214.2 million available for additional borrowings as of March 31, 2023 and June 30, 2022, respectively. There were no letters of credit issued under the multi-currency revolving credit facility at March 31, 2023 or June 30, 2022. Mississippi Revenue Bond On August 1, 2007, the Company entered into an agreement with the State of Mississippi to provide financing for the acquisition and installation of certain equipment to be utilized at the Company’s Southaven, Mississippi warehouse, through the issuance of an industrial development revenue bond. The bond matures on September 1, 2032. The bond accrued interest at the 30-day LIBOR rate plus a spread of 0.85%, until March 31, 2023. An April 1, 2023 amendment changed the benchmark interest rate from LIBOR to SOFR. Effective April 1, 2023, the bond accrues interest at the one-month term SOFR plus an adjustment of 0.10% plus a spread of 0.85%. The terms of the bond allow for payment of interest only for the first 10 years of the agreement. Starting on September 1, 2018 through 2032, principal and interest payments are due until the maturity date or the redemption of the bond. The agreement also provides the bondholder with a put option, exercisable only within 180 days of each fifth anniversary of the agreement, requiring the Company to pay back the bonds at 100% of the principal amount outstanding. At March 31, 2023, the Company was in compliance with all covenants under this bond. The interest rates at March 31, 2023 and June 30, 2022 were 5.52% and 1.97%, respectively. Debt Issuance Costs At March 31, 2023, net debt issuance costs associated with the credit facility and bond totaled $1.7 million and are being amortized on a straight-line basis through the maturity date of each respective debt instrument.

Derivatives and Hedging Activit

Derivatives and Hedging Activities	9 Months Ended
	Mar. 31, 2023
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Derivatives and Hedging Activities	Derivatives and Hedging Activities The Company's results of operations could be materially impacted by significant changes in foreign currency exchange rates and interest rates. In an effort to manage the exposure to these risks, the Company periodically enters into various derivative instruments. The Company's accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments in accordance with U.S. GAAP. The Company records all derivatives on the Condensed Consolidated Balance Sheet at fair value. Derivatives that are not designated as hedging instruments or the ineffective portions of cash flow hedges are adjusted to fair value through earnings in other income and expense. Foreign Currency Derivatives – The Company conducts a portion of its business internationally in a variety of foreign currencies and is exposed to market risk for changes in foreign currency exchange rates. The Company attempts to hedge transaction exposures with natural offsets to the fullest extent possible and once these opportunities have been exhausted the Company uses currency options and forward contracts or other hedging instruments with third parties. These contracts will periodically hedge the exchange of various currencies, including the U.S. dollar, Brazilian real, euro, British pound and Canadian dollar. The Company had contracts outstanding for purposes of managing cash flows with notional amounts of $37.9 million and $34.5 million for the exchange of foreign currencies at March 31, 2023 and June 30, 2022, respectively. To date, the Company has chosen not to designate these derivatives as hedging instruments, and accordingly, these instruments are adjusted to fair value through earnings in other income and expense. Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures included in the Condensed Consolidated Income Statements for the quarters and nine months ended March 31, 2023 and 2022 are as follows: Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands) Net foreign exchange derivative contract losses $ 564 $ 3,464 $ 1,873 $ 1,289 Net foreign currency transactional and re-measurement gains (59) (3,206) (98) (66) Net foreign currency exchange losses $ 505 $ 258 $ 1,775 $ 1,223 Net foreign currency exchange gains and losses consist of foreign currency transactional and functional currency re-measurements, offset by net foreign currency exchange contract gains and losses and are included in other income and expense. Foreign exchange gains and losses are generated as the result of fluctuations in the value of the U.S. dollar versus the Brazilian real, the U.S. dollar versus the euro, the British pound versus the euro, and the Canadian dollar versus the U.S. dollar. Interest Rates - The Company’s earnings are also affected by changes in interest rates due to the impact those changes have on interest expense from floating rate debt instruments. The Company manages its exposure to changes in interest rates by using interest rate swaps to hedge this exposure and to achieve a desired proportion of fixed versus floating rate debt. On April 30, 2019, the Company entered into an interest rate swap agreement to lock into a fixed LIBOR interest rate, which was amended on September 28, 2022, to change the reference rate from LIBOR to SOFR. The swap agreement has a notional amount of $100.0 million, with a $50.0 million tranche scheduled to mature on April 30, 2024 and a $50.0 million tranche scheduled to mature April 30, 2026. On March 31, 2023, the Company entered into an interest rate swap agreement to lock into a fixed SOFR interest rate with a notional amount of $25 million and a maturity date of March 31, 2028. These interest rate swap agreements are designated as cash flow hedges to hedge the variable rate interest payments on the revolving credit facility. Interest rate differentials paid or received under the swap agreements are recognized as adjustments to interest expense. To the extent the swaps are effective in offsetting the variability of the hedged cash flows, changes in the fair value of the swaps are not included in current earnings but are reported as other comprehensive income (loss). There was no ineffective portion to be recorded as an adjustment to earnings for the quarters and nine months ended March 31, 2023 and 2022. The components of the cash flow hedge included in the Condensed Consolidated Statement of Comprehensive Income for the quarters and nine months ended March 31, 2023 and 2022, are as follows: Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands) Net interest (income) expense recognized as a result of interest rate swap $ (556) $ 532 $ (869) $ 1,689 Unrealized (loss) gain in fair value of interest rate swap (1,013) 3,675 1,837 4,658 Net (decrease) increase in accumulated other comprehensive income (1,569) 4,207 968 6,347 Income tax effect (404) 1,063 250 1,617 Net (decrease) increase in accumulated other comprehensive income, net of tax $ (1,165) $ 3,144 $ 718 $ 4,730 The Company used the following derivative instruments at March 31, 2023 and June 30, 2022, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: March 31, 2023 June 30, 2022 Balance Sheet Location Fair Value of Fair Value of Fair Value of Fair Value of (in thousands) Derivative assets: Interest rate swap agreement Other non-current assets $2,654 — $1,686 — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities — $24 — $5 Foreign currency hedge Accrued expenses and other current liabilities $230 — $93 —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	9 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	Fair Value of Financial Instruments Accounting guidance defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Under this guidance, the Company classifies certain assets and liabilities based on the fair value hierarchy, which aggregates fair value measured assets and liabilities based upon the following levels of inputs: • Level 1 – Unadjusted quoted prices in active markets that are accessible at the measurement date for identical, unrestricted assets or liabilities; • Level 2 – Quoted prices in markets that are not active, or inputs which are observable, either directly or indirectly, for substantially the full term of the asset or liability; and • Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair value measurement and unobservable (i.e., supported by little or no market activity). The assets and liabilities maintained by the Company that are required to be measured at fair value on a recurring basis include deferred compensation plan investments, forward foreign currency exchange contracts, foreign currency hedge agreements and interest rate swap agreements. The carrying value of debt is considered to approximate fair value, as the Company’s debt instruments are indexed to a variable rate using the market approach (Level 2). The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at March 31, 2023: Total Quoted Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 27,226 $ 27,226 $ — Interest rate swap agreement 2,654 — 2,654 Total assets at fair value $ 29,880 $ 27,226 $ 2,654 Liabilities: Deferred compensation plan investments, current and non-current portion $ 27,226 $ 27,226 $ — Forward foreign currency exchange contracts 24 — 24 Foreign currency hedge 230 230 230 Total liabilities at fair value $ 27,480 $ 27,456 $ 254 The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at June 30, 2022: Total Quoted Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 25,178 $ 25,178 $ — Interest rate swap agreement 1,686 — 1,686 Total assets at fair value $ 26,864 $ 25,178 $ 1,686 Liabilities: Deferred compensation plan investments, current and non-current portion $ 25,178 $ 25,178 $ — Forward foreign currency exchange contracts 5 — 5 Foreign currency hedge 93 — 93 Total liabilities at fair value $ 25,276 $ 25,178 $ 98 The investments in the deferred compensation plan are held in a "rabbi trust" and include mutual funds and cash equivalents for payment of non-qualified benefits for certain retired, terminated and active employees. These investments are recorded to prepaid expenses and other current assets or other non-current assets depending on their corresponding, anticipated distribution dates to recipients, which are reported in accrued expenses and other current liabilities or other long-term liabilities, respectively. Derivative instruments, such as foreign currency forward contracts, are measured using the market approach on a recurring basis considering foreign currency spot rates and forward rates quoted by banks or foreign currency dealers and interest rates quoted by banks (Level 2). Fair values of interest rate swaps are measured using standard valuation models with inputs that can be derived from observable market transactions, including SOFR spot and forward rates (Level 2). Foreign currency contracts and interest rate swap agreements are classified in the Condensed Consolidated Balance Sheets as prepaid expenses and other non-current assets or accrued expenses and other long-term liabilities, depending on the respective instruments' favorable or unfavorable positions. See Note 8 - Derivatives and Hedging Activities .

Segment Information

Segment Information	9 Months Ended
	Mar. 31, 2023
Segment Reporting, Measurement Disclosures [Abstract]
Segment Information	Segment Information The Company is a leading provider of technology solutions and services to customers in specialty technology markets. The Company has two reportable segments, based on technology type. Specialty Technology Solutions Segment The Specialty Technology Solutions segment includes the Company’s business in mobility and barcode, POS, payments, security and networking technologies. Mobility and barcode solutions include mobile computing, barcode scanners and imagers, radio frequency identification devices, barcode printing and related services. POS and payments solutions include POS systems, integrated POS software platforms, self-service kiosks including self-checkout, payment terminals and mobile payment devices. Security solutions include video surveillance and analytics, video management software and access control. Networking solutions include switching, routing and wireless products and software. The Company has business operations within this segment in the United States, Canada and Brazil. Modern Communications & Cloud Segment The Modern Communications & Cloud segment includes the Company’s business in communications and collaboration, connectivity and cloud services. Communications and collaboration solutions, delivered in the cloud, on-premise or hybrid, include voice, video, integration of communication platforms and contact center solutions. The Intelisys connectivity and cloud marketplace offers telecom, cable, Unified Communications as a Service (“UCaaS”), Contact Center as a Service (“CCaaS”), Infrastructure as a Service, Software-Defined Wide-Area Network and other cloud services. This segment includes SaaS and subscription services, which the Company offers using digital tools and platforms. The Company has business operations within this segment in the United States, Canada, Brazil and the UK. Selected financial information for each business segment is presented below: Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands) Sales: Specialty Technology Solutions $ 565,652 $ 503,072 $ 1,769,530 $ 1,501,702 Modern Communications & Cloud 319,867 342,918 1,071,043 1,065,950 $ 885,519 $ 845,990 $ 2,840,573 $ 2,567,652 Depreciation and amortization: Specialty Technology Solutions $ 2,638 $ 2,874 $ 8,099 $ 8,741 Modern Communications & Cloud 3,717 3,738 11,102 11,312 Corporate 719 693 2,158 2,131 $ 7,074 $ 7,305 $ 21,359 $ 22,184 Operating income (loss): Specialty Technology Solutions $ 19,811 $ 20,623 $ 61,345 $ 51,278 Modern Communications & Cloud 14,468 12,294 47,253 43,494 Corporate — — — (30) $ 34,279 $ 32,917 $ 108,598 $ 94,742 Capital expenditures: Specialty Technology Solutions $ (520) $ (62) $ (1,546) $ (496) Modern Communications & Cloud (1,766) (620) (5,003) (2,830) $ (2,286) $ (682) $ (6,549) $ (3,326) Sales by Geography Category: United States and Canada $ 811,963 $ 766,035 $ 2,584,598 $ 2,312,250 International 76,722 81,461 263,017 259,693 Less intercompany sales (3,166) (1,506) (7,042) (4,291) $ 885,519 $ 845,990 $ 2,840,573 $ 2,567,652 March 31, 2023 June 30, 2022 (in thousands) Assets: Specialty Technology Solutions $ 1,077,363 $ 1,030,538 Modern Communications & Cloud 903,019 906,890 Corporate — — $ 1,980,382 $ 1,937,428 Property and equipment, net by Geography Category: United States and Canada $ 28,120 $ 32,715 International 8,366 4,762 $ 36,486 $ 37,477

Leases

Leases	9 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Leases	Leases In accordance with Accounting Standards Codification ("ASC") 842, at contract inception the Company determines if a contract contains a lease by assessing whether the contract contains an identified asset and whether the Company has the ability to control the asset. The Company also determines if the lease meets the classification criteria for an operating lease versus a finance lease under ASC 842. Substantially all of the Company's leases are operating leases for real estate, warehouse and office equipment ranging in duration from 1 year to 10 years. The Company has elected not to record short-term operating leases with an initial term of 12 months or less on the Condensed Consolidated Balance Sheets. Operating leases are recorded as other non-current assets, accrued expenses and other current liabilities and other long-term liabilities on the Condensed Consolidated Balance Sheets. The Company has finance leases for information technology equipment expiring through fiscal year 2027. Finance leases are recorded as property and equipment, net accrued expenses and other current liabilities other long-term liabilities Operating lease right-of-use assets and lease liabilities are recognized at the commencement date based on the net present value of future minimum lease payments over the lease term. The Company generally is not able to determine the rate implicit in its leases and has elected to apply an incremental borrowing rate as the discount rate for the present value determination, which is based on the Company's cost of borrowings for the relevant terms of each lease and geographical economic factors. Certain operating lease agreements contain options to extend or terminate the lease. The lease term used is adjusted for these options when the Company is reasonably certain it will exercise the option. Operating lease expense is recognized on a straight-line basis over the lease term. Variable lease payments not based on a rate or index, such as costs for common area maintenance, are expensed as incurred. Further, the Company has elected the practical expedient to recognize all lease and non-lease components as a single lease component, where applicable. The following table presents amounts recorded on the Condensed Consolidated Balance Sheets related to operating leases at March 31, 2023 and June 30, 2022: March 31, 2023 June 30, 2022 Operating leases Balance Sheet location (in thousands) Operating lease right-of-use assets Other non-current assets $ 13,541 $ 16,217 Current operating lease liabilities Accrued expenses and other current liabilities $ 4,474 $ 4,499 Long-term operating lease liabilities Other long-term liabilities $ 10,284 $ 13,085 The following table presents amounts recorded in operating lease expense as part of selling general and administrative expenses on the Condensed Consolidated Income Statements during the quarters and nine months ended March 31, 2023 and 2022. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less. Quarter ended March 31, Nine months ended March 31, 2023 2022 2023 2022 (in thousands) Operating lease cost $ 1,319 $ 1,366 $ 3,896 $ 3,877 Variable lease cost 396 317 1,158 966 $ 1,715 $ 1,683 $ 5,054 $ 4,843 Supplemental cash flow information related to the Company's operating leases for the nine months ended March 31, 2023 and 2022 are presented in the table below: Nine months ended March 31, 2023 2022 (in thousands) Cash paid for amounts in the measurement of lease liabilities $ 4,054 $ 4,082 Right-of-use assets obtained in exchange for lease obligations 746 2,313 The weighted-average remaining lease term and discount rate at March 31, 2023 are presented in the table below: March 31, 2023 Weighted-average remaining lease term 3.80 years Weighted-average discount rate 4.30 % The following table presents the maturities of the Company's operating lease liabilities at March 31, 2023: Operating leases (in thousands) 2023 $ 1,371 2024 4,699 2025 3,569 2026 3,030 2027 2,673 Thereafter 632 Total future payments 15,974 Less: amounts representing interest 1,216 Present value of lease payments $ 14,758
Leases	Leases In accordance with Accounting Standards Codification ("ASC") 842, at contract inception the Company determines if a contract contains a lease by assessing whether the contract contains an identified asset and whether the Company has the ability to control the asset. The Company also determines if the lease meets the classification criteria for an operating lease versus a finance lease under ASC 842. Substantially all of the Company's leases are operating leases for real estate, warehouse and office equipment ranging in duration from 1 year to 10 years. The Company has elected not to record short-term operating leases with an initial term of 12 months or less on the Condensed Consolidated Balance Sheets. Operating leases are recorded as other non-current assets, accrued expenses and other current liabilities and other long-term liabilities on the Condensed Consolidated Balance Sheets. The Company has finance leases for information technology equipment expiring through fiscal year 2027. Finance leases are recorded as property and equipment, net accrued expenses and other current liabilities other long-term liabilities Operating lease right-of-use assets and lease liabilities are recognized at the commencement date based on the net present value of future minimum lease payments over the lease term. The Company generally is not able to determine the rate implicit in its leases and has elected to apply an incremental borrowing rate as the discount rate for the present value determination, which is based on the Company's cost of borrowings for the relevant terms of each lease and geographical economic factors. Certain operating lease agreements contain options to extend or terminate the lease. The lease term used is adjusted for these options when the Company is reasonably certain it will exercise the option. Operating lease expense is recognized on a straight-line basis over the lease term. Variable lease payments not based on a rate or index, such as costs for common area maintenance, are expensed as incurred. Further, the Company has elected the practical expedient to recognize all lease and non-lease components as a single lease component, where applicable. The following table presents amounts recorded on the Condensed Consolidated Balance Sheets related to operating leases at March 31, 2023 and June 30, 2022: March 31, 2023 June 30, 2022 Operating leases Balance Sheet location (in thousands) Operating lease right-of-use assets Other non-current assets $ 13,541 $ 16,217 Current operating lease liabilities Accrued expenses and other current liabilities $ 4,474 $ 4,499 Long-term operating lease liabilities Other long-term liabilities $ 10,284 $ 13,085 The following table presents amounts recorded in operating lease expense as part of selling general and administrative expenses on the Condensed Consolidated Income Statements during the quarters and nine months ended March 31, 2023 and 2022. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less. Quarter ended March 31, Nine months ended March 31, 2023 2022 2023 2022 (in thousands) Operating lease cost $ 1,319 $ 1,366 $ 3,896 $ 3,877 Variable lease cost 396 317 1,158 966 $ 1,715 $ 1,683 $ 5,054 $ 4,843 Supplemental cash flow information related to the Company's operating leases for the nine months ended March 31, 2023 and 2022 are presented in the table below: Nine months ended March 31, 2023 2022 (in thousands) Cash paid for amounts in the measurement of lease liabilities $ 4,054 $ 4,082 Right-of-use assets obtained in exchange for lease obligations 746 2,313 The weighted-average remaining lease term and discount rate at March 31, 2023 are presented in the table below: March 31, 2023 Weighted-average remaining lease term 3.80 years Weighted-average discount rate 4.30 % The following table presents the maturities of the Company's operating lease liabilities at March 31, 2023: Operating leases (in thousands) 2023 $ 1,371 2024 4,699 2025 3,569 2026 3,030 2027 2,673 Thereafter 632 Total future payments 15,974 Less: amounts representing interest 1,216 Present value of lease payments $ 14,758

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies The Company is, from time to time, party to lawsuits arising out of operations. Although there can be no assurance, based upon information known to the Company, the Company believes that any liability resulting from an adverse determination of such lawsuits would not have a material adverse effect on the Company’s financial condition, results of operations or cash flows. During the Company's due diligence for the Network1 acquisition, several pre-acquisition contingencies were identified regarding various Brazilian federal and state tax exposures. The Company recorded indemnification receivables that are reported gross of the pre-acquisition contingency liabilities as the funds were escrowed as part of the acquisition. The amount available after the impact of foreign currency translation for future pre-acquisition contingency settlements or to be released to the sellers was $3.2 million and $4.1 million at March 31, 2023 and June 30, 2022, respectively. The table below summarizes the balances and line item presentation of Network1's pre-acquisition contingencies and corresponding indemnification receivables in the Company's Condensed Consolidated Balance Sheets at March 31, 2023 and June 30, 2022: March 31, 2023 June 30, 2022 Network1 (in thousands) Assets Prepaid expenses and other current assets $ 15 $ 15 Other non-current assets $ 3,833 $ 3,818 Liabilities Accrued expenses and other current liabilities $ 15 $ 15 Other long-term liabilities $ 3,833 $ 3,818

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income TaxesIncome taxes for the quarters and nine months ended March 31, 2023 and 2022 have been included in the accompanying condensed consolidated financial statements using an estimated annual effective tax rate. In addition to applying the estimated annual effective tax rate to pre-tax income, the Company includes certain items treated as discrete events to arrive at an estimated overall tax provision. During the quarter ended March 31, 2023, there were no material discrete items. For the nine months ended March 31, 2023, a discrete net tax benefit of $0.7 million was recorded, which is primarily attributable to a notional interest deduction on the net equity of the Company's Brazilian subsidiary. The Company’s effective tax rate of 29.1% and 27.8% for the quarter and nine months ended March 31, 2023 differs from the current federal statutory rate of 21% primarily as a result of income derived from tax jurisdictions with varying income tax rates, nondeductible expenses and state income taxes. The Company's effective tax rate was 27.8% and 25.6% for the quarter and nine months ended March 31, 2022. As of March 31, 2023, the Company is not permanently reinvested with respect to all earnings generated by foreign operations. The Company has determined that there is no material deferred tax liability for federal, state and withholding tax related to undistributed earnings. During the quarter ended March 31, 2023, foreign subsidiaries did not repatriate any cash to the United States. There is no certainty to the timing of any future distributions of such earnings to the U.S. in whole or in part. The Company had approximately $1.2 million and $1.1 million of total gross unrecognized tax benefits at March 31, 2023 and June 30, 2022. Of this total at March 31, 2023, approximately $0.9 million represents the amount of unrecognized tax benefits that are permanent in nature and, if recognized, would affect the annual effective tax rate. The Company does not believe that the total amount of unrecognized tax benefits will significantly increase or decrease within twelve months of the reporting date. The Company’s policy is to recognize interest and penalties related to income tax matters in income tax expense. At March 31, 2023 and June 30, 2022, the Company had approximately $1.2 million accrued for interest and penalties. The Company conducts business globally and one or more of its subsidiaries files income tax returns in the U.S. federal, various state, local and foreign jurisdictions. In the normal course of business, the Company is subject to examination by taxing authorities in countries and states in which it operates. With certain exceptions, the Company is no longer subject to federal, state and local or non-U.S. income tax examinations by tax authorities for the years before June 30, 2017.

Discontinued Operations

Discontinued Operations	9 Months Ended
	Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	Discontinued Operations On August 20, 2019, the Company announced plans to divest the product distribution businesses in Europe, the UK, Mexico, Colombia, Chile, Peru and the Miami-based export operations ("Divestitures") as these businesses were performing below management's expectations. The Company continues to operate its digital business in these countries. Management determined that the Company did not have sufficient scale in these markets to maximize the value-added model for product distribution, leading the Company to focus and invest in its higher-growth, higher-margin businesses. Results from the Divestitures were included within each reportable segment, which includes the Specialty Technology Solutions and Modern Communications & Cloud segments. The Company signed an agreement on July 23, 2020 with Intcomex for its businesses located in Latin America, outside of Brazil. The Company finalized the sale of the Latin America businesses on October 30, 2020. Th e Company also finalized the sale of the Europe and UK businesses on November 12, 2020. Total cash received for the sale of Divestitures was $37.5 million. There were no components of net income or loss from discontinued operations for the quarter and nine months ended March 31, 2023 or the quarter ended March 31, 2022. During the nine months ended March 31, 2022, the Company recognized a gain from the sale of discontinued operations of $0.1 million. There were no assets or liabilities classified as held-for-sale in the accompanying consolidated balance sheets at March 31, 2023 and June 30, 2022. There were no cash flows from discontinued operations for the nine months ended March 31, 2023 and 2022.

Business and Summary of Signi_2

Business and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Basis of Presentation	The accompanying unaudited condensed consolidated financial statements of the Company have been prepared by the Company’s management in accordance with United States generally accepted accounting principles ("U.S. GAAP") for interim financial information and applicable rules and regulations of the Securities Exchange Act of 1934. Accordingly, they do not include all of the information and footnotes required by U.S. GAAP for annual financial statements. The unaudited condensed consolidated financial statements included herein contain all adjustments (consisting of normal recurring and non-recurring adjustments) that are, in the opinion of management, necessary to present fairly the financial position at March 31, 2023 and June 30, 2022, the results of operations for the quarters and nine months ended March 31, 2023 and 2022, the statements of comprehensive income for the quarters and nine months ended March 31, 2023 and 2022, the statements of shareholders' equity for the quarters and nine months ended March 31, 2023 and 2022 and the statements of cash flows for the nine months ended March 31, 2023 and 2022. The results of operations for the quarters and nine months ended March 31, 2023 are not necessarily indicative of the results to be expected for a full year. These financial statements should be read in conjunction with the audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022. Unless otherwise indicated, disclosures provided in the Notes pertain to continuing operations only. The Company has reclassified certain prior-year amounts in the segment results to conform with current year presentation. The reclassifications had no effect on the condensed consolidated financial results.
Summary of Significant Accounting Policies	There have been no material changes to the Company’s significant accounting policies for the nine months ended March 31, 2023 from the policies described in the notes to the Company’s consolidated financial statements included in the Annual Report on Form 10-K for the fiscal year ended June 30, 2022. For a discussion of the Company’s significant accounting policies, please see the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
Cash and Cash Equivalents	The Company considers all highly-liquid investments with original maturities of three months or less, when purchased, to be cash equivalents. The Company maintains zero-balance disbursement accounts at various financial institutions at which the Company does not maintain significant depository relationships. Due to the terms of the agreements governing these accounts, the Company generally does not have the right to offset outstanding checks written from these accounts against cash on hand, and the respective institutions are not legally obligated to honor the checks until sufficient funds are transferred to fund the checks.
Long-lived Assets	The Company presents depreciation expense and intangible amortization expense on the Condensed Consolidated Income Statements. The Company's depreciation expense related to selling, general and administrative costs totaled $2.6 million and $8.1 million for the quarter and nine months ended March 31, 2023 and $2.6 million and $8.0 million for the quarter and nine months ended March 31, 2022. Depreciation expense reported as part of cost of goods sold on the Condensed Consolidated Income Statements totaled $0.3 million and $0.7 million for the quarter and nine months ended March 31, 2023 and $0.2 million and $0.7 million for the quarter and nine months ended March 31, 2022. The Company's intangible amortization expense reported on the Condensed Consolidated Income Statements relates to selling, general and administrative costs, not the cost of selling goods.
Recent Accounting Pronouncements	The Company has reviewed newly issued accounting pronouncements and concluded that they are either not applicable to its business or that no material effect is expected on its consolidated financial statements as a result of future adoption.
Trade Accounts and Notes Receivable, Net	The Company maintains an allowance for doubtful accounts receivable for estimated future expected credit losses resulting from customers’ failure to make payments on accounts receivable due to the Company. The Company has notes receivable with certain customers, which are included in “Accounts receivable, less allowance” in the Condensed Consolidated Balance Sheets. Management determines the estimate of the allowance for doubtful accounts receivable by considering a number of factors, including: (i) historical experience, (ii) aging of the accounts receivable, (iii) specific information obtained by the Company on the financial condition and the current creditworthiness of its customers, (iv) the current economic and country-specific environment and (v) reasonable and supportable forecasts about collectability. Expected credit losses are estimated on a pool basis when similar risk characteristics exist using an age-based reserve model. Receivables that do not share risk characteristics are evaluated on an individual basis. Estimates of expected credit losses on trade receivables over the contractual life are recorded at inception and adjusted over the contractual life.
Revenue Recognition	The Company provides technology solutions and services from the world's leading suppliers of mobility, barcode, POS, payments, physical security, unified communications, collaboration, telecom and cloud services. This includes hardware, related accessories and device configuration as well as software licenses, professional services and hardware support programs. In determining the appropriate amount of revenue to recognize, the Company applies the following five-step model: (i) identify contracts with customers; (ii) identify performance obligations in the contracts; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations per the contracts; and (v) recognize revenue when (or as) the Company satisfies a performance obligation. The Company recognizes revenue as control of products and services are transferred to customers, which is generally at the point of shipment. The Company delivers products to customers in several ways, including: (i) shipment from a Company warehouse, (ii) drop-shipment directly from the supplier, or (iii) electronic delivery for non-physical products. Principal versus Agent Considerations The Company is the principal for sales of all hardware and certain software and services. The Company considers itself the principal in those transactions where it has control of the product or service before it is transferred to the customer. The Company recognizes the principal-associated revenue and cost of goods sold on a gross basis. The Company is the agent for third-party service contracts, including product warranties and supplier-hosted software. These service contracts are sold separately from the products, and the Company often serves as the agent for the contract on behalf of the original equipment manufacturer. The Company's responsibility is to arrange for the provision of the specified service by the original equipment manufacturer, and the Company does not control the specified service before it is transferred to the customer. Because the Company acts as an agent, revenue is recognized net of cost at the time of sale. The Intelisys business operates under an agency model. Variable Considerations For certain transactions, products are sold with a right of return and may also provide other rebates or incentives, which are accounted for as variable consideration. The Company estimates a returns allowance based on historical experience and reduces revenue accordingly. The Company estimates the amount of variable consideration for rebates and incentives by using the expected value to be given to the customer and reduces the revenue by those estimated amounts. These estimates are reviewed and updated as necessary at the end of each reporting period. Contract Balances The Company records contract assets and liabilities for payments received from customers in advance of services performed. These assets and liabilities are the result of the sales of the Company's self-branded warranty programs and other transactions where control has not yet passed to the customer. These amounts are immaterial to the consolidated financial statements for the periods presented. Disaggregation of Revenue

Trade Accounts and Notes Rece_2

Trade Accounts and Notes Receivable, Net (Tables)	9 Months Ended
	Mar. 31, 2023
Receivables [Abstract]
Schedule of Changes in the Allowance for Doubtful Accounts	The changes in the allowance for doubtful accounts for the nine months ended March 31, 2023 are set forth in the table below. June 30, 2022 Amounts Charged to Expense Write-offs Other (1) March 31, 2023 (in thousands) Trade accounts and current notes receivable allowance $ 16,806 $ 1,852 $ (3,595) $ (827) $ 14,236

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Mar. 31, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables represent the Company's disaggregation of revenue: Quarter ended March 31, 2023 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service Hardware, software and cloud (excluding Intelisys) $ 565,652 $ 299,803 $ 865,455 Intelisys connectivity and cloud — 20,064 20,064 $ 565,652 $ 319,867 $ 885,519 Nine months ended March 31, 2023 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service: Hardware, software and cloud (excluding Intelisys) $ 1,769,530 $ 1,012,176 $ 2,781,706 Intelisys connectivity and cloud — 58,867 58,867 $ 1,769,530 $ 1,071,043 $ 2,840,573 Quarter ended March 31, 2022 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service Hardware, software and cloud (excluding Intelisys) $ 503,072 $ 323,684 $ 826,756 Intelisys connectivity and cloud — 19,234 19,234 $ 503,072 $ 342,918 $ 845,990 Nine months ended March 31, 2022 Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Revenue by product/service: Hardware, software and cloud (excluding Intelisys) $ 1,501,702 $ 1,010,825 $ 2,512,527 Intelisys connectivity and cloud — 55,125 55,125 $ 1,501,702 $ 1,065,950 $ 2,567,652

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands, except per share data) Numerator: Net income from continuing operations $ 21,221 $ 23,526 $ 70,997 $ 68,751 Net income from discontinued operations — — — 100 Net income $ 21,221 $ 23,526 $ 70,997 $ 68,851 Denominator: Weighted-average shares, basic 25,196 25,635 25,228 25,577 Dilutive effect of share-based payments 243 218 208 235 Weighted-average shares, diluted 25,439 25,853 25,436 25,812 Net income from continuing operations per common share, basic $ 0.84 $ 0.92 $ 2.81 $ 2.69 Net income from discontinued operations per common share, basic — — — — Net income per common share, basic $ 0.84 $ 0.92 $ 2.81 $ 2.69 Net income from continuing operations per common share, diluted $ 0.83 $ 0.91 $ 2.79 $ 2.66 Net income from discontinued operations per common share, diluted — — — — Net income per common share, diluted $ 0.83 $ 0.91 $ 2.79 $ 2.67

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income, Net Of Tax	Accumulated other comprehensive loss consists of the following: March 31, 2023 June 30, 2022 (in thousands) Foreign currency translation adjustment $ (101,425) $ (105,899) Unrealized gain on hedged transaction, net of tax 1,979 1,261 Accumulated other comprehensive loss $ (99,446) $ (104,638)
Schedule of Other Comprehensive Loss, Tax	The tax effect of amounts in comprehensive loss reflect a tax (benefit) expense as follows: Quarter ended March 31, Nine months ended March 31, 2023 2022 2023 2022 (in thousands) Tax (benefit) expense $ (354) $ 590 $ 225 $ 1,390

Goodwill and Other Identifiab_2

Goodwill and Other Identifiable Intangible Assets (Tables)	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in the Carrying Amount of Goodwill	The changes in the carrying amount of goodwill for the nine months ended March 31, 2023, by reporting segment, are set forth in the table below. Specialty Technology Solutions Modern Communications & Cloud Total (in thousands) Balance at June 30, 2022 $ 16,370 $ 198,065 $ 214,435 Foreign currency translation adjustment — 891 891 Balance at March 31, 2023 $ 16,370 $ 198,956 $ 215,326
Schedule of Net Identifiable Intangible Assets	The following table shows changes in the amount recognized for net identifiable intangible assets for the nine months ended March 31, 2023. Net Identifiable Intangible Assets (in thousands) Balance at June 30, 2022 $ 84,427 Amortization expense (12,561) Foreign currency translation adjustment 326 Balance at March 31, 2023 $ 72,192

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt (Tables)	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Schedule of Debt	The following table presents the Company’s debt at March 31, 2023 and June 30, 2022. March 31, 2023 June 30, 2022 (in thousands) Current portion of long-term debt $ 5,977 $ 11,598 Mississippi revenue bond, net of current portion 3,381 3,733 Senior secured term loan facility, net of current portion 142,500 120,000 Borrowings under revolving credit facility 159,194 135,839 Total debt $ 311,052 $ 271,170

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	9 Months Ended
	Mar. 31, 2023
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Schedule of Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures	Summarized financial information related to these derivative contracts and changes in the underlying value of the foreign currency exposures included in the Condensed Consolidated Income Statements for the quarters and nine months ended March 31, 2023 and 2022 are as follows: Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands) Net foreign exchange derivative contract losses $ 564 $ 3,464 $ 1,873 $ 1,289 Net foreign currency transactional and re-measurement gains (59) (3,206) (98) (66) Net foreign currency exchange losses $ 505 $ 258 $ 1,775 $ 1,223
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The components of the cash flow hedge included in the Condensed Consolidated Statement of Comprehensive Income for the quarters and nine months ended March 31, 2023 and 2022, are as follows: Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands) Net interest (income) expense recognized as a result of interest rate swap $ (556) $ 532 $ (869) $ 1,689 Unrealized (loss) gain in fair value of interest rate swap (1,013) 3,675 1,837 4,658 Net (decrease) increase in accumulated other comprehensive income (1,569) 4,207 968 6,347 Income tax effect (404) 1,063 250 1,617 Net (decrease) increase in accumulated other comprehensive income, net of tax $ (1,165) $ 3,144 $ 718 $ 4,730
Schedule of Derivative Instruments	The Company used the following derivative instruments at March 31, 2023 and June 30, 2022, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: March 31, 2023 June 30, 2022 Balance Sheet Location Fair Value of Fair Value of Fair Value of Fair Value of (in thousands) Derivative assets: Interest rate swap agreement Other non-current assets $2,654 — $1,686 — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities — $24 — $5 Foreign currency hedge Accrued expenses and other current liabilities $230 — $93 —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	9 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Assets and Liabilities Measured at Fair Value	The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at March 31, 2023: Total Quoted Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 27,226 $ 27,226 $ — Interest rate swap agreement 2,654 — 2,654 Total assets at fair value $ 29,880 $ 27,226 $ 2,654 Liabilities: Deferred compensation plan investments, current and non-current portion $ 27,226 $ 27,226 $ — Forward foreign currency exchange contracts 24 — 24 Foreign currency hedge 230 230 230 Total liabilities at fair value $ 27,480 $ 27,456 $ 254 The following table summarizes the valuation of the Company’s remaining assets and liabilities measured at fair value on a recurring basis at June 30, 2022: Total Quoted Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current portion $ 25,178 $ 25,178 $ — Interest rate swap agreement 1,686 — 1,686 Total assets at fair value $ 26,864 $ 25,178 $ 1,686 Liabilities: Deferred compensation plan investments, current and non-current portion $ 25,178 $ 25,178 $ — Forward foreign currency exchange contracts 5 — 5 Foreign currency hedge 93 — 93 Total liabilities at fair value $ 25,276 $ 25,178 $ 98

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Mar. 31, 2023
Segment Reporting, Measurement Disclosures [Abstract]
Schedule of Financial Information by Segment	Selected financial information for each business segment is presented below: Quarter ended Nine months ended March 31, March 31, 2023 2022 2023 2022 (in thousands) Sales: Specialty Technology Solutions $ 565,652 $ 503,072 $ 1,769,530 $ 1,501,702 Modern Communications & Cloud 319,867 342,918 1,071,043 1,065,950 $ 885,519 $ 845,990 $ 2,840,573 $ 2,567,652 Depreciation and amortization: Specialty Technology Solutions $ 2,638 $ 2,874 $ 8,099 $ 8,741 Modern Communications & Cloud 3,717 3,738 11,102 11,312 Corporate 719 693 2,158 2,131 $ 7,074 $ 7,305 $ 21,359 $ 22,184 Operating income (loss): Specialty Technology Solutions $ 19,811 $ 20,623 $ 61,345 $ 51,278 Modern Communications & Cloud 14,468 12,294 47,253 43,494 Corporate — — — (30) $ 34,279 $ 32,917 $ 108,598 $ 94,742 Capital expenditures: Specialty Technology Solutions $ (520) $ (62) $ (1,546) $ (496) Modern Communications & Cloud (1,766) (620) (5,003) (2,830) $ (2,286) $ (682) $ (6,549) $ (3,326) Sales by Geography Category: United States and Canada $ 811,963 $ 766,035 $ 2,584,598 $ 2,312,250 International 76,722 81,461 263,017 259,693 Less intercompany sales (3,166) (1,506) (7,042) (4,291) $ 885,519 $ 845,990 $ 2,840,573 $ 2,567,652
Schedule of Reconciliation of Assets from Segment to Consolidated	March 31, 2023 June 30, 2022 (in thousands) Assets: Specialty Technology Solutions $ 1,077,363 $ 1,030,538 Modern Communications & Cloud 903,019 906,890 Corporate — — $ 1,980,382 $ 1,937,428 Property and equipment, net by Geography Category: United States and Canada $ 28,120 $ 32,715 International 8,366 4,762 $ 36,486 $ 37,477

Leases (Tables)

Leases (Tables)	9 Months Ended
	Mar. 31, 2023
Leases [Abstract]
Schedule of Assets and Liabilities, Lessee	The following table presents amounts recorded on the Condensed Consolidated Balance Sheets related to operating leases at March 31, 2023 and June 30, 2022: March 31, 2023 June 30, 2022 Operating leases Balance Sheet location (in thousands) Operating lease right-of-use assets Other non-current assets $ 13,541 $ 16,217 Current operating lease liabilities Accrued expenses and other current liabilities $ 4,474 $ 4,499 Long-term operating lease liabilities Other long-term liabilities $ 10,284 $ 13,085
Schedule of Lease, Cost	The following table presents amounts recorded in operating lease expense as part of selling general and administrative expenses on the Condensed Consolidated Income Statements during the quarters and nine months ended March 31, 2023 and 2022. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less. Quarter ended March 31, Nine months ended March 31, 2023 2022 2023 2022 (in thousands) Operating lease cost $ 1,319 $ 1,366 $ 3,896 $ 3,877 Variable lease cost 396 317 1,158 966 $ 1,715 $ 1,683 $ 5,054 $ 4,843 Supplemental cash flow information related to the Company's operating leases for the nine months ended March 31, 2023 and 2022 are presented in the table below: Nine months ended March 31, 2023 2022 (in thousands) Cash paid for amounts in the measurement of lease liabilities $ 4,054 $ 4,082 Right-of-use assets obtained in exchange for lease obligations 746 2,313 The weighted-average remaining lease term and discount rate at March 31, 2023 are presented in the table below: March 31, 2023 Weighted-average remaining lease term 3.80 years Weighted-average discount rate 4.30 %
Schedule of Lessee, Operating Lease, Liability, Maturity	The following table presents the maturities of the Company's operating lease liabilities at March 31, 2023: Operating leases (in thousands) 2023 $ 1,371 2024 4,699 2025 3,569 2026 3,030 2027 2,673 Thereafter 632 Total future payments 15,974 Less: amounts representing interest 1,216 Present value of lease payments $ 14,758

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Mar. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Schedule of Pre-acquisition Contingencies and Corresponding Indemnification Receivables	The table below summarizes the balances and line item presentation of Network1's pre-acquisition contingencies and corresponding indemnification receivables in the Company's Condensed Consolidated Balance Sheets at March 31, 2023 and June 30, 2022: March 31, 2023 June 30, 2022 Network1 (in thousands) Assets Prepaid expenses and other current assets $ 15 $ 15 Other non-current assets $ 3,833 $ 3,818 Liabilities Accrued expenses and other current liabilities $ 15 $ 15 Other long-term liabilities $ 3,833 $ 3,818

Business and Summary of Signi_3

Business and Summary of Significant Accounting Policies (Details) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Mar. 31, 2023 USD ($) segment	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Cash and Cash Equivalents [Line Items]
Number of operating segments | segment			2
Depreciation expense related to selling, general and administrative costs	$ 2,644	$ 2,612	$ 8,085	$ 8,039
Amortization of intangible assets	4,170	4,457	12,561	13,413
Product
Cash and Cash Equivalents [Line Items]
Depreciation expense reported as part of cost of goods sold	300	$ 200	700	$ 700
Bank Overdrafts
Cash and Cash Equivalents [Line Items]
Outstanding checks	$ 7,400		$ 7,400		$ 18,000

Trade Accounts and Notes Rece_3

Trade Accounts and Notes Receivable, Net (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 16,806
Amounts Charged to Expense	1,852	$ 156
Write-offs	(3,595)
Other	(827)
Ending Balance	$ 14,236

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Revenues	$ 885,519	$ 845,990	$ 2,840,573	$ 2,567,652
Hardware, software and cloud (excluding Intelisys)
Disaggregation of Revenue [Line Items]
Revenues	865,455	826,756	2,781,706	2,512,527
Intelisys connectivity and cloud
Disaggregation of Revenue [Line Items]
Revenues	20,064	19,234	58,867	55,125
Specialty Technology Solutions
Disaggregation of Revenue [Line Items]
Revenues	565,652	503,072	1,769,530	1,501,702
Specialty Technology Solutions | Hardware, software and cloud (excluding Intelisys)
Disaggregation of Revenue [Line Items]
Revenues	565,652	503,072	1,769,530	1,501,702
Specialty Technology Solutions | Intelisys connectivity and cloud
Disaggregation of Revenue [Line Items]
Revenues	0	0	0	0
Modern Communications & Cloud
Disaggregation of Revenue [Line Items]
Revenues	319,867	342,918	1,071,043	1,065,950
Modern Communications & Cloud | Hardware, software and cloud (excluding Intelisys)
Disaggregation of Revenue [Line Items]
Revenues	299,803	323,684	1,012,176	1,010,825
Modern Communications & Cloud | Intelisys connectivity and cloud
Disaggregation of Revenue [Line Items]
Revenues	$ 20,064	$ 19,234	$ 58,867	$ 55,125

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022
Numerator:
Net income from continuing operations	$ 21,221			$ 23,526			$ 70,997	$ 68,751
Net income from discontinued operations	0			0			0	100
Net income	$ 21,221	$ 25,734	$ 24,042	$ 23,526	$ 23,252	$ 22,073	$ 70,997	$ 68,851
Denominator:
Weighted-average shares, basic (in shares)	25,196,000			25,635,000			25,228,000	25,577,000
Dilutive effect of share-based payments (in shares)	243,000			218,000			208,000	235,000
Weighted-average shares, diluted (in shares)	25,439,000			25,853,000			25,436,000	25,812,000
Net income from continuing operations per common share, basic (in dollars per share)	$ 0.84			$ 0.92			$ 2.81	$ 2.69
Net income from discontinued operations per common share, basic (in dollars per share)	0			0			0	0
Net income per common share, basic (in dollars per share)	0.84			0.92			2.81	2.69
Net income from continuing operations per common share, diluted (in dollars per share)	0.83			0.91			2.79	2.66
Net income from discontinued operations per common share, diluted (in dollars per share)	0			0			0	0
Net income per common share, diluted (in dollars per share)	$ 0.83			$ 0.91			$ 2.79	$ 2.67
Weighted average shares excluded from the computation of diluted earnings per share (in shares)	779,688			1,004,992			1,152,714	969,871

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022	Sep. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021
Accumulated Other Comprehensive Loss [Line Items]
Stockholders' equity attributable to parent	$ 878,895	$ 806,654	$ 878,895	$ 806,654	$ 862,386	$ 827,004	$ 806,528	$ 768,525	$ 746,094	$ 731,191
Tax (benefit) expense	(354)	590	225	1,390
Foreign currency translation adjustment
Accumulated Other Comprehensive Loss [Line Items]
Stockholders' equity attributable to parent	(101,425)		(101,425)				(105,899)
Unrealized gain on hedged transaction, net of tax
Accumulated Other Comprehensive Loss [Line Items]
Stockholders' equity attributable to parent	1,979		1,979				1,261
Accumulated other comprehensive loss
Accumulated Other Comprehensive Loss [Line Items]
Stockholders' equity attributable to parent	$ (99,446)	$ (90,124)	$ (99,446)	$ (90,124)	$ (102,572)	$ (109,976)	$ (104,638)	$ (110,454)	$ (108,867)	$ (98,133)

Goodwill and Other Identifiab_3

Goodwill and Other Identifiable Intangible Assets (Changes in the Carrying Amount of Goodwill) (Details) $ in Thousands	9 Months Ended
	Mar. 31, 2023 USD ($)
Goodwill [Roll Forward]
Balance at June 30, 2022	$ 214,435
Foreign currency translation adjustment	891
Balance at March 31, 2023	215,326
Specialty Technology Solutions
Goodwill [Roll Forward]
Balance at June 30, 2022	16,370
Foreign currency translation adjustment	0
Balance at March 31, 2023	16,370
Modern Communications & Cloud
Goodwill [Roll Forward]
Balance at June 30, 2022	198,065
Foreign currency translation adjustment	891
Balance at March 31, 2023	$ 198,956

Goodwill and Other Identifiab_4

Goodwill and Other Identifiable Intangible Assets (Net Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Finite-lived Intangible Assets [Roll Forward]
Balance at June 30, 2022			$ 84,427
Amortization expense	$ (4,170)	$ (4,457)	(12,561)	$ (13,413)
Foreign currency translation adjustment			326
Balance at March 31, 2023	$ 72,192		$ 72,192

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Debt Instrument [Line Items]
Current portion of long-term debt	$ 5,977	$ 11,598
Long-term debt	145,881	123,733
Borrowings under revolving credit facility	159,194	135,839
Total debt	311,052	271,170
Term Loan Facility
Debt Instrument [Line Items]
Long-term debt	142,500	120,000
Multi-Currency Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings under revolving credit facility	159,194	135,839
Mississippi Revenue Bond
Debt Instrument [Line Items]
Long-term debt	$ 3,381	$ 3,733

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt (Narrative) (Details)			3 Months Ended	9 Months Ended
	Apr. 01, 2023	Sep. 28, 2022 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)
Debt Instrument [Line Items]
Debt issuance costs, net			$ 1,700,000	$ 1,700,000
Mississippi Revenue Bond
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				0.85%
Maximum time period of interest (in years)				10 years
Put option, exercisable period limitation (in days)				180 days
Percentage of principal due on exercise of put option				100%
Long-term debt, percentage bearing variable interest			5.52%	5.52%		1.97%
Mississippi Revenue Bond | Subsequent Event
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	0.85%
Secured Overight Financing Rate (SOFR) | Mississippi Revenue Bond | Subsequent Event
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument	0.10%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement
Debt Instrument [Line Items]
Line of credit facility, expiration period		5 years
Borrowing capacity under credit facility		$ 350,000,000
Line of credit facility, accordion feature, higher borrowing capacity option		250,000,000
Letters of credit outstanding			$ 0	$ 0		$ 0
Debt issuance costs, gross		$ 1,400,000
Amount of unrestricted domestic cash			$ 30,000,000	30,000,000
Line of credit facility, unused capacity, commitment fee percentage			0.25%
Average daily balance on revolving credit facility				227,200,000	$ 60,000,000
Line of credit facility, remaining borrowing capacity			$ 190,800,000	$ 190,800,000		$ 214,200,000
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Minimum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				1%
Line of credit facility, interest coverage ratio			3	3
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Maximum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				1.75%
Line of credit facility, leverage ratio			3.50	3.50
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Secured Overight Financing Rate (SOFR)
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				0.10%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Secured Overight Financing Rate (SOFR) | Minimum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				1%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Secured Overight Financing Rate (SOFR) | Maximum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				1.75%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Alternate Base Rate Loans
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				0.50%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Alternate Base Rate Loans | Minimum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				0%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | Alternate Base Rate Loans | Maximum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				0.75%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | London Interbank Offered Rate (LIBOR)
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument				1.50%
Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, expiration period		5 years
Borrowing capacity under credit facility		$ 150,000,000
Letter of Credit
Debt Instrument [Line Items]
Letters of credit outstanding		$ 50,000,000

Derivatives and Hedging Activ_3

Derivatives and Hedging Activities (Narrative) (Details) - USD ($)	Mar. 31, 2023	Sep. 28, 2022	Jun. 30, 2022
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	$ 37,900,000		$ 34,500,000
Interest rate swap agreement
Derivative [Line Items]
Derivative, notional amount		$ 100,000,000
Interest Rate Swap, Maturing April 30, 2024
Derivative [Line Items]
Derivative, notional amount		50,000,000
Interest Rate Swap, Maturing April 30, 2026
Derivative [Line Items]
Derivative, notional amount		$ 50,000,000
Interest Rate Swap, Maturing March 31, 2028
Derivative [Line Items]
Derivative, notional amount	$ 25,000,000

Derivatives and Hedging Activ_4

Derivatives and Hedging Activities (Derivative Contracts and Changes in Underlying Value of the Foreign Currency Exposures) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Net foreign exchange derivative contract losses	$ 564	$ 3,464	$ 1,873	$ 1,289
Net foreign currency transactional and re-measurement gains	(59)	(3,206)	(98)	(66)
Net foreign currency exchange losses	$ 505	$ 258	$ 1,775	$ 1,223

Derivatives and Hedging Activ_5

Derivatives and Hedging Activities (Schedule of Cash Flow Hedge Included in Accumulated Other Comprehensive Income (Loss), Net of Income Taxes) (Details) - USD ($) $ in Thousands	3 Months Ended						9 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Sep. 30, 2022	Mar. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Mar. 31, 2023	Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Net (decrease) increase in accumulated other comprehensive income, net of tax	$ (1,165)	$ 3	$ 1,879	$ 3,144	$ 1,172	$ 413	$ 718	$ 4,730
Interest rate swap agreement
Derivative Instruments, Gain (Loss) [Line Items]
Net interest (income) expense recognized as a result of interest rate swap	(556)			532			(869)	1,689
Unrealized (loss) gain in fair value of interest rate swap	(1,013)			3,675			1,837	4,658
Net (decrease) increase in accumulated other comprehensive income	(1,569)			4,207			968	6,347
Income tax effect	(404)			1,063			250	1,617
Net (decrease) increase in accumulated other comprehensive income, net of tax	$ (1,165)			$ 3,144			$ 718	$ 4,730

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities (Derivative Instruments) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Interest rate swap agreement | Other non-current assets | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	$ 2,654	$ 1,686
Interest rate swap agreement | Other non-current assets | Fair Value  of Derivatives Not Designated as  Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	0	0
Foreign exchange contracts | Accrued expenses and other current liabilities | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	0	0
Foreign exchange contracts | Accrued expenses and other current liabilities | Fair Value  of Derivatives Not Designated as  Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	24	5
Foreign currency hedge | Accrued expenses and other current liabilities | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	230	93
Foreign currency hedge | Accrued expenses and other current liabilities | Fair Value  of Derivatives Not Designated as  Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	$ 0	$ 0

Fair Value of Financial Instr_3

Fair Value of Financial Instruments (Schedule of Remaining Assets and Liabilities Measured at Fair Value on a Recurring Basis) (Details) - Fair Value, Recurring - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Assets:
Deferred compensation plan investments, current and non-current portion	$ 27,226	$ 25,178
Total assets at fair value	29,880	26,864
Liabilities:
Deferred compensation plan investments, current and non-current portion	27,226	25,178
Total liabilities at fair value	27,480	25,276
Interest rate swap agreement
Assets:
Interest rate swap agreement	2,654	1,686
Foreign exchange contracts
Liabilities:
Derivative liability	24	5
Foreign currency hedge
Liabilities:
Derivative liability	230	93
Quoted prices in active markets (Level 1)
Assets:
Deferred compensation plan investments, current and non-current portion	27,226	25,178
Total assets at fair value	27,226	25,178
Liabilities:
Deferred compensation plan investments, current and non-current portion	27,226	25,178
Total liabilities at fair value	27,456	25,178
Quoted prices in active markets (Level 1) | Interest rate swap agreement
Assets:
Interest rate swap agreement	0	0
Quoted prices in active markets (Level 1) | Foreign exchange contracts
Liabilities:
Derivative liability	0	0
Quoted prices in active markets (Level 1) | Foreign currency hedge
Liabilities:
Derivative liability	230	0
Significant other observable inputs (Level 2)
Assets:
Deferred compensation plan investments, current and non-current portion	0	0
Total assets at fair value	2,654	1,686
Liabilities:
Deferred compensation plan investments, current and non-current portion	0	0
Total liabilities at fair value	254	98
Significant other observable inputs (Level 2) | Interest rate swap agreement
Assets:
Interest rate swap agreement	2,654	1,686
Significant other observable inputs (Level 2) | Foreign exchange contracts
Liabilities:
Derivative liability	24	5
Significant other observable inputs (Level 2) | Foreign currency hedge
Liabilities:
Derivative liability	$ 230	$ 93

Segment Information (Narrative)

Segment Information (Narrative) (Details)	9 Months Ended
	Mar. 31, 2023 segment
Segment Reporting, Measurement Disclosures [Abstract]
Number of reportable segments	2

Segment Information (Financial

Segment Information (Financial Information by Segment) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Sales	$ 885,519	$ 845,990	$ 2,840,573	$ 2,567,652
Depreciation and amortization	7,074	7,305	21,359	22,184
Operating income (loss)	34,279	32,917	108,598	94,742
Capital expenditures	(2,286)	(682)	(6,549)	(3,326)
Corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	719	693	2,158	2,131
Operating income (loss)	0	0	0	(30)
Reportable Geographical Components | United States and Canada
Segment Reporting Information [Line Items]
Sales	811,963	766,035	2,584,598	2,312,250
Reportable Geographical Components | International
Segment Reporting Information [Line Items]
Sales	76,722	81,461	263,017	259,693
Geography Eliminations
Segment Reporting Information [Line Items]
Sales	(3,166)	(1,506)	(7,042)	(4,291)
Specialty Technology Solutions
Segment Reporting Information [Line Items]
Sales	565,652	503,072	1,769,530	1,501,702
Capital expenditures	(520)	(62)	(1,546)	(496)
Specialty Technology Solutions | Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization	2,638	2,874	8,099	8,741
Operating income (loss)	19,811	20,623	61,345	51,278
Modern Communications & Cloud
Segment Reporting Information [Line Items]
Sales	319,867	342,918	1,071,043	1,065,950
Capital expenditures	(1,766)	(620)	(5,003)	(2,830)
Modern Communications & Cloud | Operating Segments
Segment Reporting Information [Line Items]
Depreciation and amortization	3,717	3,738	11,102	11,312
Operating income (loss)	$ 14,468	$ 12,294	$ 47,253	$ 43,494

Segment Information (Assets By

Segment Information (Assets By Segment) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Segment Reporting Information [Line Items]
Assets	$ 1,980,382	$ 1,937,428
Property and equipment, net by Geography Category	36,486	37,477
United States and Canada
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	28,120	32,715
International
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	8,366	4,762
Corporate | Continuing Operations
Segment Reporting Information [Line Items]
Assets	0	0
Specialty Technology Solutions | Operating Segments | Continuing Operations
Segment Reporting Information [Line Items]
Assets	1,077,363	1,030,538
Modern Communications & Cloud | Operating Segments | Continuing Operations
Segment Reporting Information [Line Items]
Assets	$ 903,019	$ 906,890

Leases (Narrative) (Details)

Leases (Narrative) (Details)	Mar. 31, 2023
Lessee, Lease, Description [Line Items]
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Property and equipment, net
Finance Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities
Finance Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities
Minimum
Lessee, Lease, Description [Line Items]
Lease term	1 year
Maximum
Lessee, Lease, Description [Line Items]
Lease term	10 years

Leases (Supplemental Balance Sh

Leases (Supplemental Balance Sheet Information) (Details) - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Leases [Abstract]
Operating lease right-of-use assets	$ 13,541	$ 16,217
Current operating lease liabilities	4,474	4,499
Long-term operating lease liabilities	$ 10,284	$ 13,085
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible List]	Other non-current assets	Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued expenses and other current liabilities	Accrued expenses and other current liabilities
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other long-term liabilities	Other long-term liabilities

Leases (Schedule of Lease Cost)

Leases (Schedule of Lease Cost) (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Operating lease cost	$ 1,319	$ 1,366	$ 3,896	$ 3,877
Variable lease cost	396	317	1,158	966
Total cost	$ 1,715	$ 1,683	$ 5,054	$ 4,843

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Leases [Abstract]
Cash paid for amounts in the measurement of lease liabilities	$ 4,054	$ 4,082
Right-of-use assets obtained in exchange for lease obligations	$ 746	$ 2,313

Leases (Weighted Average Remain

Leases (Weighted Average Remaining Term and Discount Rate) (Details)	Mar. 31, 2023
Leases [Abstract]
Weighted-average remaining lease term (in years)	3 years 9 months 18 days
Weighted-average discount rate	4.30%

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) $ in Thousands	Mar. 31, 2023 USD ($)
Leases [Abstract]
2023	$ 1,371
2024	4,699
2025	3,569
2026	3,030
2027	2,673
Thereafter	632
Total future payments	15,974
Less: amounts representing interest	1,216
Present value of lease payments	$ 14,758

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Network1
Other Commitments [Line Items]
Cash held in escrow	$ 3.2	$ 4.1

Commitments and Contingencies_3

Commitments and Contingencies (Schedule of Pre-acquisition Contingencies and Corresponding Indemnification Receivables) (Details) - Network1 - USD ($) $ in Thousands	Mar. 31, 2023	Jun. 30, 2022
Assets
Prepaid expenses and other current assets	$ 15	$ 15
Other non-current assets	3,833	3,818
Liabilities
Accrued expenses and other current liabilities	15	15
Other long-term liabilities	$ 3,833	$ 3,818

Income Taxes (Details)

Income Taxes (Details) - USD ($)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Income Tax Disclosure [Abstract]
Discrete net tax benefit	$ 0		$ 700,000
Effective income tax rate	29.10%	27.80%	27.80%	25.60%
Gross unrecognized tax benefits	$ 1,200,000		$ 1,200,000		$ 1,100,000
Unrecognized tax benefits that would impact effective tax rate if recognized	900,000		900,000
Income tax penalties and interest accrued	$ 1,200,000		$ 1,200,000		$ 1,200,000

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022	Nov. 12, 2020
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net income from discontinued operations	$ 0	$ 0	$ 0	$ 100
Discontinued Operations, Held-for-sale or Disposed of by Sale | Product Distribution In Various Countries
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash received sale of divestitures						$ 37,500
Net income from discontinued operations	0	$ 0	0
Gain (Loss) on disposal group				100
Assets held-for-sale, value	$ 0		0		$ 0
Cash flow from discontinued operations			$ 0	$ 0