ScanSource (SCSC) 10-Q 7 Nov 24 2025 Q1 Quarterly report Financial data

Cover

Cover - shares	3 Months Ended
	Sep. 30, 2024	Nov. 04, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2024
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)		0
Entity Central Index Key	0000918965
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2025
Document Fiscal Period Focus	Q1
Amendment Flag	false

CONDENSED CONSOLIDATED BALANCE

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Current assets:
Cash and cash equivalents	$ 145,044	$ 185,460
Accounts receivable, less allowance of $22,721 at September 30, 2024 and $20,684 at June 30, 2024	567,127	581,523
Inventories	504,078	512,634
Prepaid expenses and other current assets	136,110	125,082
Total current assets	1,352,359	1,404,699
Property and equipment, net	32,940	33,501
Goodwill	232,856	206,301
Identifiable intangible assets, net	77,800	37,634
Deferred income taxes	17,490	19,902
Other non-current assets	73,064	76,995
Total assets	1,786,509	1,779,032
Current liabilities:
Accounts payable	578,657	587,984
Accrued expenses and other current liabilities	69,326	65,616
Current portion of contingent consideration	1,911	0
Income taxes payable	6,376	7,895
Current portion of long-term debt	9,736	7,857
Total current liabilities	666,006	669,352
Long-term debt, net of current portion	133,913	136,149
Borrowings under revolving credit facility	0	50
Long-term portion of contingent consideration	15,289	0
Other long-term liabilities	50,408	49,226
Total liabilities	865,616	854,777
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, 24,005,107 and 24,243,848 shares issued and outstanding at September 30, 2024 and June 30, 2024, respectively	2,975	26,370
Retained earnings	1,030,712	1,013,738
Accumulated other comprehensive loss	(112,794)	(115,853)
Total shareholders’ equity	920,893	924,255
Total liabilities and shareholders’ equity	$ 1,786,509	$ 1,779,032

CONDENSED CONSOLIDATED BALANC_2

CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) (Parenthetical) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Current assets:
Allowance for accounts receivable	$ 22,721	$ 20,684
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)	24,005,107	24,243,848
Common stock, shares outstanding (in shares)	24,005,107	24,243,848

CONDENSED CONSOLIDATED INCOME S

CONDENSED CONSOLIDATED INCOME STATEMENTS (UNAUDITED) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
Net sales	$ 775,580	$ 876,305
Cost of goods sold	673,961	769,797
Gross profit	101,619	106,508
Selling, general and administrative expenses	71,706	75,436
Depreciation expense	2,857	2,795
Intangible amortization expense	4,358	4,193
Restructuring expense	5,068	0
Operating income	17,630	24,084
Interest expense	2,109	5,585
Interest income	(2,659)	(1,325)
Other (income) expense, net	(4,782)	677
Income before income taxes	22,962	19,147
Provision for income taxes	5,988	3,715
Net income	$ 16,974	$ 15,432
Per share data:
Net income per common share, basic (in dollars per share)	$ 0.70	$ 0.62
Weighted-average shares outstanding, basic (in shares)	24,147	24,886
Net income per common share, diluted (in dollars per share)	$ 0.69	$ 0.61
Weighted-average shares outstanding, diluted (in shares)	24,646	25,178

CONDENSED CONSOLIDATED STATEMEN

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 16,974	$ 15,432
Unrealized (loss) gain on hedged transaction, net of tax	(1,050)	153
Foreign currency translation adjustment	4,109	(6,890)
Comprehensive income	$ 20,033	$ 8,695

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, 2023		24,844,203
Beginning balance at Jun. 30, 2023	$ 905,298	$ 58,241	$ 936,678	$ (89,621)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	15,432		15,432
Unrealized (loss) gain on hedged transaction, net of tax	153			153
Foreign currency translation adjustment	(6,890)			(6,890)
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		116,028
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	(1,510)	$ (1,510)
Share-based compensation	2,770	$ 2,770
Ending balance (in shares) at Sep. 30, 2023		24,960,231
Ending balance at Sep. 30, 2023	915,253	$ 59,501	952,110	(96,358)
Beginning balance (in shares) at Jun. 30, 2024		24,243,848
Beginning balance at Jun. 30, 2024	924,255	$ 26,370	1,013,738	(115,853)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	16,974		16,974
Unrealized (loss) gain on hedged transaction, net of tax	(1,050)			(1,050)
Foreign currency translation adjustment	4,109			4,109
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes (in shares)		349,277
Exercise of stock options and shares issued under share-based compensation plans, net of shares withheld for employee taxes	2,177	$ 2,177
Common stock repurchased (in shares)		(588,018)
Common stock repurchased	(28,043)	$ (28,043)
Share-based compensation	2,471	$ 2,471
Ending balance (in shares) at Sep. 30, 2024		24,005,107
Ending balance at Sep. 30, 2024	$ 920,893	$ 2,975	$ 1,030,712	$ (112,794)

CONDENSED CONSOLIDATED STATEM_3

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash flows from operating activities:
Net income	$ 16,974	$ 15,432
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,471	7,217
Amortization of debt issue costs	96	96
Provision for doubtful accounts	1,678	4,157
Share-based compensation	2,471	2,769
Deferred income taxes	2,433	1,303
Finance lease interest	25	15
Changes in operating assets and liabilities:
Accounts receivable	20,606	53,284
Inventories	9,524	99,630
Prepaid expenses and other assets	(1,952)	(7,743)
Other non-current assets	3,285	11,227
Accounts payable	(17,002)	(70,292)
Accrued expenses and other liabilities	744	(21,764)
Income taxes payable	(1,523)	(1,798)
Net cash provided by operating activities	44,830	93,533
Cash flows from investing activities:
Capital expenditures	(2,375)	(2,315)
Cash paid for business acquisitions, net of cash acquired	(56,849)	0
Net cash used in investing activities	(59,224)	(2,315)
Cash flows from financing activities:
Borrowings on revolving credit, net of expenses	8,381	588,570
Repayments on revolving credit, net of expenses	(8,430)	(669,424)
Repayments on long-term debt	(357)	(938)
Repayments on finance lease obligation	(275)	(191)
Exercise of stock options	6,971	72
Taxes paid on settlement of equity awards	(4,794)	(1,582)
Common stock repurchased	(28,126)	0
Net cash used in financing activities	(26,630)	(83,493)
Effect of exchange rate changes on cash and cash equivalents	608	(1,256)
(Decrease) increase in cash and cash equivalents	(40,416)	6,469
Cash and cash equivalents at beginning of period	185,460	36,178
Cash and cash equivalents at end of period	$ 145,044	$ 42,647

Business and Summary of Signifi

Business and Summary of Significant Accounting Policies	3 Months Ended
	Sep. 30, 2024
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 a nd barcode, point-of-sale ("POS"), payments, networking, security, unified communications and collaboration, connectivity and cloud services to market. The Company operates primarily in the United States, Canada and Brazil. The Company's two operating segments, Specialty Technology Solutions and Intelisys & Advisory, represent the different sales models the Company uses in executing its hybrid distribution growth strategy. 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, as amended (the "Exchange Act"). 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 September 30, 2024 and June 30, 2024, the results of operations for the quarters ended September 30, 2024 and 2023, the condensed consolidated statements of comprehensive income for the quarters ended September 30, 2024 and 2023, the condensed consolidated statements of shareholders' equity for the quarters ended September 30, 2024 and 2023 and the condensed consolidated statements of cash flows for the quarters ended September 30, 2024 and 2023. The results of operations for the quarter ended September 30, 2024 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, 2024. Unless otherwise indicated, disclosures provided in the notes to the Company's consolidated financial statements pertain to continuing operations only. Segment Changes Effective July 1, 2024, the Company realigned its operating segments to represent the different sales models it uses in executing its hybrid distribution growth strategy. The two realigned segments are Specialty Technology Solutions and Intelisys & Advisory. The Specialty Technology Solutions segment combines the Company's former segments, with the exception of the Company's Intelisys business. The Intelisys & Advisory segment includes the Intelisys and technology advisors businesses, including Channel Exchange (formerly known as intY USA), RPM and Resourcive. Both segments include recurring revenue. The Company has reclassified certain prior year amounts in the segment results to conform with the current year presentation. These reclassifications had no effect on the condensed consolidated financial results. See Note 10 - Segment Information for descriptions of the Company's segments. Summary of Significant Accounting Policies There have been no material changes to the Company’s significant accounting policies for the quarter ended September 30, 2024 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, 2024. 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, 2024. 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 amount of $0.3 million and $5.9 million are included in accounts payable on the condensed consolidated balance sheets at September 30, 2024 and June 30, 2024, 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 $2.9 million and $2.8 million for the quarters ended September 30, 2024 and September 30, 2023, respectively. Depreciation expense reported as part of cost of goods sold on the condensed consolidated income statements totaled $0.3 million and $0.2 million for the quarters ended September 30, 2024 and September 30, 2023, respectively. 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 $4.4 million and $4.2 million for the quarters ended September 30, 2024 and September 30, 2023, respectively. Recent Accounting Pronouncements In July 2023, the Securities and Exchange Commission issued final rules that require new and enhanced disclosures on cybersecurity risk management, strategy, governance, and incident reporting. Under the final rules, companies must report a material cybersecurity incident on Form 8-K within four business days of determining that such cybersecurity incident is material. To the extent the nature, scope, timing or the impact of the incident is not determinable at the time such Form 8-K is required to be filed, additional information about the material aspects of the cybersecurity incident must be filed on a Form 8-K/A within four business days after such additional information becomes available. Companies must also disclose their cybersecurity processes, management's role in cybersecurity governance, and cybersecurity oversight by the Board of Directors on Form 10-K. The Company adopted these rules for the fiscal year ended June 30, 2024. In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” This ASU expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. This ASU is applicable to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and subsequent interim periods, with early application permitted. The Company is currently evaluating the impact of the application of this ASU on its consolidated financial statements and disclosures. In December 2023, the FASB issued ASU No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU updates income tax disclosure requirements primarily by requiring specific categories and greater disaggregation within the rate reconciliation and disaggregation of income taxes paid by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024 and is applicable to the Company’s fiscal year beginning July 1, 2025, with early application permitted. The Company is currently evaluating the impact of the application of this ASU on its consolidated financial statements and disclosures. The Company has reviewed other 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	3 Months Ended
	Sep. 30, 2024
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 three months ended September 30, 2024 are set forth in the table below. June 30, 2024 Amounts Charged to Expense Write-offs Other (1) September 30, 2024 (in thousands) Trade accounts and current notes receivable allowance $ 20,684 $ 1,678 $ (153) $ 512 $ 22,721 (1)

Revenue Recognition

Revenue Recognition	3 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company provides technology solutions and services from the leading global suppliers of mobility, barcode, POS, payments, physical security, unified communications, collaboration, connectivity 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 in accordance with ASC 606: (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 September 30, 2024 Specialty Technology Solutions Intelisys & Advisory Total (in thousands) Revenue by product/service Products and services $ 740,734 $ 833 $ 741,567 Recurring revenue (a) 11,565 22,448 34,013 $ 752,299 $ 23,281 $ 775,580 Quarter ended September 30, 2023 Specialty Technology Solutions Intelisys & Advisory Total (in thousands) Revenue by product/service Products and services $ 846,835 $ 839 $ 847,674 Recurring revenue (a) 7,115 21,516 28,631 $ 853,950 $ 22,355 $ 876,305 (a) Recurring revenue represents revenue primarily from agency commissions, SaaS, subscriptions, and hardware rentals.

Earnings Per Share

Earnings Per Share	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 2023 (in thousands, except per share data) Numerator: Net income $ 16,974 $ 15,432 Denominator: Weighted-average shares, basic 24,147 24,886 Dilutive effect of share-based payments 499 292 Weighted-average shares, diluted 24,646 25,178 Net income per common share, basic $ 0.70 $ 0.62 Net income per common share, diluted $ 0.69 $ 0.61

Accumulated Other Comprehensive

Accumulated Other Comprehensive Loss	3 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Accumulated Other Comprehensive Loss	Accumulated Other Comprehensive Loss The components of accumulated other comprehensive loss, net of tax are as follows: September 30, 2024 June 30, 2024 (in thousands) Foreign currency translation adjustment $ (113,777) $ (117,885) Unrealized gain on hedged transaction, net of tax 983 2,032 Accumulated other comprehensive loss $ (112,794) $ (115,853) The tax effect of amounts in comprehensive loss reflect a tax benefit as follows: Quarter ended September 30, 2024 2023 (in thousands) Tax benefit $ (363) $ (54)

Goodwill and Other Identifiable

Goodwill and Other Identifiable Intangible Assets	3 Months Ended
	Sep. 30, 2024
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 three months ended September 30, 2024, by reporting segment, are set forth in the table below. Specialty Technology Solutions Intelisys & Advisory Total (in thousands) Balance at June 30, 2024 $ 146,108 $ 60,193 $ 206,301 Additions 16,048 9,078 25,126 Foreign currency translation adjustment 245 1,184 1,429 Balance at September 30, 2024 $ 162,401 $ 70,455 $ 232,856 The following table shows changes in the amount recognized for net identifiable intangible assets for the three months ended September 30, 2024. Net Identifiable Intangible Assets (in thousands) Balance at June 30, 2024 $ 37,634 Additions 44,500 Amortization expense (4,358) Foreign currency translation adjustment 24 Balance at September 30, 2024 $ 77,800

Short-Term Borrowings and Long-

Short-Term Borrowings and Long-Term Debt	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Short-Term Borrowings and Long-Term Debt	Short-Term Borrowings and Long-Term Debt The following table presents the Company’s debt at September 30, 2024 and June 30, 2024. September 30, 2024 June 30, 2024 (in thousands) Current portion of long-term debt $ 9,736 $ 7,857 Mississippi revenue bond, net of current portion 2,663 3,024 Senior secured term loan facility, net of current portion 131,250 133,125 Borrowings under revolving credit facility — 50 Total debt $ 143,649 $ 144,056 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 (the "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 borrowing limit by 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 subsidiaries of the Company and secured by their assets. 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 ended September 30, 2024, all of the Company's borrowings under the Amended Credit Agreement were U.S. dollar loans. The spread in effect as of September 30, 2024 was 1.00%, plus a 0.10% credit spread adjustment for SOFR-based loans and 0.00% for alternate base rate loans. The commitment fee rate in effect at September 30, 2024 was 0.15%. The effective interest rates for the term loan were 5.95% and 6.44% as of September 30, 2024 and June 30, 2024, respectively. 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 Amended Credit Agreement at September 30, 2024. The average daily outstanding balance on the revolving credit facility, excluding the term loan facility, during the three month periods ended September 30, 2024 and 2023 was $144.0 million an d $200.9 million, respectively. There was $350.0 million and $349.9 million available for additional borrowings as of September 30, 2024 and June 30, 2024, respectively. The effective interest rates for the revolving line of credit were 5.95% and 6.44% as of September 30, 2024 and June 30, 2024, respectively. There were no letters of credit issued under the multi-currency revolving credit facility at September 30, 2024 or June 30, 2024. 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 accrues interest at the one-month term SOFR plus an adjustment of 0.10% plus a spread of 0.85%. 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 September 30, 2024, the Company was in compliance with all covenants under this bond. The interest rates at September 30, 2024 and June 30, 2024 were 6.15% and 6.28%, respectively. Debt Issuance Costs At September 30, 2024, net debt issuance costs associated with the credit facility and bond totaled $1.1 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	3 Months Ended
	Sep. 30, 2024
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 $33.7 million and $27.5 million for the exchange of foreign currencies at September 30, 2024 and June 30, 2024, 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 ended September 30, 2024 and 2023 are as follows: Quarter ended September 30, 2024 2023 (in thousands) Net foreign exchange derivative contract losses (gains) $ 941 $ (368) Net foreign currency transactional and re-measurement (gains) losses (607) 1,064 Net foreign currency exchange losses $ 334 $ 696 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 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 that matured 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 ended September 30, 2024 and 2023. The components of the cash flow hedge included in the Condensed Consolidated Statement of Comprehensive Income for the quarters ended September 30, 2024 and 2023, are as follows: Quarter ended September 30, 2024 2023 (in thousands) Net interest income recognized as a result of interest rate swap $ (508) $ (759) Unrealized (loss) gain in fair value of interest rate swap (885) 974 Net (decrease) increase in accumulated other comprehensive income (1,393) 215 Income tax effect (343) 62 Net (decrease) increase in accumulated other comprehensive income, net of tax $ (1,050) $ 153 The Company used the following derivative instruments at September 30, 2024 and June 30, 2024, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: September 30, 2024 June 30, 2024 Balance Sheet Location Fair Value of Fair Value of Fair Value of Fair Value of (in thousands) Derivative assets: Foreign exchange contracts Prepaid expenses and other current assets — $ 17 — — Foreign currency hedge Prepaid expenses and other current assets — — $ 345 — Interest rate swap agreement Other non-current assets $ 1,305 — $ 2,698 — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities — — — $ 12 Foreign currency hedge Accrued expenses and other current liabilities $ 53 — — —

Fair Value of Financial Instrum

Fair Value of Financial Instruments	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024: Total Quoted Significant Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current $ 32,176 $ 32,176 $ — $ — Forward foreign currency exchange contracts 17 — 17 — Interest rate swap agreement 1,305 — 1,305 — Total assets at fair value $ 33,498 $ 32,176 $ 1,322 $ — Liabilities: Deferred compensation plan investments, current and non-current $ 32,176 $ 32,176 $ — $ — Foreign currency hedge 53 — 53 — Liability for contingent consideration, current and non-current 17,200 — — 17,200 Total liabilities at fair value $ 49,429 $ 32,176 $ 53 $ 17,200 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, 2024: Total Quoted Significant Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current $ 31,014 $ 31,014 $ — $ — Foreign currency hedge 345 — 345 — Interest rate swap agreement 2,698 — 2,698 — Total assets at fair value $ 34,057 $ 31,014 $ 3,043 $ — Liabilities: Deferred compensation plan investments, current and non-current $ 31,014 $ 31,014 $ — $ — Forward foreign currency exchange contracts 12 — 12 — Total liabilities at fair value $ 31,026 $ 31,014 $ 12 $ — 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 . The Company recorded a contingent consideration liability at the acquisition date of both Advantix and Resourcive. These liabilities represent the amounts payable to former owners, as outlined under the terms of the asset purchase agreements, based upon the achievement of a projected earnings before interest expense, taxes, depreciation and amortization, net of specific pro forma adjustments. The fair values of amounts owed are recorded in current portion of contingent consideration and long-term portion of contingent consideration in the Company’s Condensed Consolidated Balance Sheets. In accordance with ASC 805, the Company will revalue the contingent consideration liability at each reporting date through the last payment, with changes in the fair value of the contingent consideration reflected in the change in fair value of contingent consideration line item on the Company’s Condensed Consolidated Income Statements that is included in the calculation of operating income. The fair value of the contingent consideration liability associated with future earnout payments is based on several factors, including but not limited to: • estimated future results, net of pro forma adjustments set forth in the purchase agreements; • a risk premium reflective of the Company’s creditworthiness and market risk premium associated with the United States markets. Advantix Advantix Solutions Group, Inc ("Advantix") is part of the Specialty Technology Solutions segment. The fair value of the contingent consideration is determined using a static discounted cash flow model. The fair value of the liability for the contingent consideration related to Advantix recognized at September 30, 2024 was $7.5 million, of which $1.9 million is classified as current. The fair value at September 30, 2024 approximated the fair value recognized upon acquisition in August 2024, as such no change in fair value of contingent consideration was recognized in the Condensed Consolidated Income Statements. Earnout payments to the former owners of Advantix are payable based on results from fiscal year 2025 to fiscal year 2028. Resourcive Secure Path Networks, LLC dba Resourcive ("Resourcive") is part of the Intelisys & Advisory segment. The fair value of the contingent consideration for Resourcive is determined using a Monte Carlo simulation. The fair value of the liability for the contingent consideration related to Resourcive recognized at September 30, 2024 was $9.7 million, all of which is classified as non-current and is due to the former owners of Resourcive during fiscal year 2027. The fair value at September 30, 2024 approximated the fair value recognized upon acquisition in August 2024, as such no change in fair value of contingent consideration was recognized in the Condensed Consolidated Income Statements. Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for the Company's contingent consideration liabilities related to Advantix and Resourcive at September 30, 2024 were as follows. Acquisition Reporting Period Valuation Technique Significant Unobservable Inputs Weighted Average Rates Advantix September 30, 2024 Discounted cash flow Adjusted EBITDA risk premium 15.7 % Adjusted EBITDA growth rate 19.8 % Resourcive September 30, 2024 Monte Carlo Adjusted EBITDA risk premium 13.6 % Simulated commission growth percentage 23.7 %

Segment Information

Segment Information	3 Months Ended
	Sep. 30, 2024
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 sales model. Specialty Technology Solutions Segment The Specialty Technology Solutions segment operates primarily in the United States, Canada and Brazil and includes specialty technology solutions distributed through a wholesale sales model. The specialty technology solutions include the following: • Mobility and barcode solutions - mobile computing, barcode scanners and imagers, radio frequency identification devices, barcode printing and related services, wireless enablement and connectivity tools; • POS and payments solutions - POS systems, integrated POS software platforms, self-service kiosks including self-checkout, payment terminals and mobile payment devices; • Security solutions - video surveillance and analytics, video management software and access control; • Networking solutions - switching, routing and wireless products and software; and • Communications and collaboration solutions - voice, video, communication platform integration and contact center solutions. Intelisys & Advisory Segment The Intelisys & Advisory segment operates primarily in the United States and distributes connectivity and cloud services through an agency sales model. The connectivity and cloud services include telecom, cable, Unified Communications as a Service (UCaaS), Contact Center as a Service (CCaaS), Infrastructure as a Service (IaaS), Software-Defined Wide-Area Network (SD-WAN) and other cloud services. This segment includes SaaS and subscription services, which the Company offers using digital tools and platforms. Selected financial information for each business segment is presented below: Quarter ended September 30, 2024 2023 (in thousands) Sales: Specialty Technology Solutions $ 752,299 $ 853,950 Intelisys & Advisory 23,281 22,355 $ 775,580 $ 876,305 Depreciation and amortization: Specialty Technology Solutions $ 4,626 $ 4,544 Intelisys & Advisory 2,125 1,954 Corporate 720 720 $ 7,471 $ 7,218 Operating income (loss): Specialty Technology Solutions $ 16,738 $ 17,636 Intelisys & Advisory 6,413 6,649 Corporate (a) (5,521) (201) $ 17,630 $ 24,084 Capital expenditures: Specialty Technology Solutions $ (2,228) $ (2,297) Intelisys & Advisory (147) (18) $ (2,375) $ (2,315) Sales by Geography Category: United States and Canada $ 715,989 $ 792,464 Brazil (b) 63,561 85,305 Less intercompany sales (3,970) (1,464) $ 775,580 $ 876,305 (a) For the quarter ended September 30, 2024, the amounts shown above include restructuring expense, acquisition and divestiture expenses as well as cyberattack restoration costs. For the quarter ended September 30, 2023, the amounts above include cyberattack restoration costs. (b) Countries outside of Brazil represent $0.1 million, or 0.2% of sales, for the quarter ended September 30, 2024 and $2.4 million, or 2.8% of sales, for the quarter ended September 30, 2023. September 30, 2024 June 30, 2024 (in thousands) Assets: Specialty Technology Solutions $ 1,563,728 $ 1,499,146 Intelisys & Advisory 222,781 279,886 $ 1,786,509 $ 1,779,032 Property and equipment, net by Geography Category: United States and Canada $ 19,836 $ 21,613 Brazil 13,104 11,888 $ 32,940 $ 33,501

Leases

Leases	3 Months Ended
	Sep. 30, 2024
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 2028. 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 September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 Operating leases Balance Sheet location (in thousands) Operating lease right-of-use assets Other non-current assets $ 10,574 $ 9,057 Current operating lease liabilities Accrued expenses and other current liabilities $ 3,810 $ 3,398 Long-term operating lease liabilities Other long-term liabilities $ 7,574 $ 6,507 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 ended September 30, 2024 and 2023. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less. Quarter ended September 30, 2024 2023 (in thousands) Operating lease cost $ 1,121 $ 1,209 Variable lease cost 332 383 $ 1,453 $ 1,592 Supplemental cash flow information related to the Company's operating leases for the three months ended September 30, 2024 and 2023 are presented in the table below: Quarter ended September 30, 2024 2023 (in thousands) Cash paid for amounts in the measurement of lease liabilities $ 1,132 $ 1,412 Right-of-use assets obtained in exchange for lease obligations 2,461 230 The weighted-average remaining lease term and discount rate at September 30, 2024 are presented in the table below: September 30, 2024 Weighted-average remaining lease term 3.11 years Weighted-average discount rate 5.20 % The following table presents the maturities of the Company's operating lease liabilities at September 30, 2024: Operating leases (in thousands) 2024 $ 3,403 2025 4,198 2026 3,812 2027 1,412 2028 723 Thereafter 300 Total future payments 13,848 Less: amounts representing interest 2,464 Present value of lease payments $ 11,384
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 2028. 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 September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 Operating leases Balance Sheet location (in thousands) Operating lease right-of-use assets Other non-current assets $ 10,574 $ 9,057 Current operating lease liabilities Accrued expenses and other current liabilities $ 3,810 $ 3,398 Long-term operating lease liabilities Other long-term liabilities $ 7,574 $ 6,507 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 ended September 30, 2024 and 2023. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less. Quarter ended September 30, 2024 2023 (in thousands) Operating lease cost $ 1,121 $ 1,209 Variable lease cost 332 383 $ 1,453 $ 1,592 Supplemental cash flow information related to the Company's operating leases for the three months ended September 30, 2024 and 2023 are presented in the table below: Quarter ended September 30, 2024 2023 (in thousands) Cash paid for amounts in the measurement of lease liabilities $ 1,132 $ 1,412 Right-of-use assets obtained in exchange for lease obligations 2,461 230 The weighted-average remaining lease term and discount rate at September 30, 2024 are presented in the table below: September 30, 2024 Weighted-average remaining lease term 3.11 years Weighted-average discount rate 5.20 % The following table presents the maturities of the Company's operating lease liabilities at September 30, 2024: Operating leases (in thousands) 2024 $ 3,403 2025 4,198 2026 3,812 2027 1,412 2028 723 Thereafter 300 Total future payments 13,848 Less: amounts representing interest 2,464 Present value of lease payments $ 11,384

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Sep. 30, 2024
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 completed in 2016, 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 $3.4 million and $3.2 million at September 30, 2024 and June 30, 2024. 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 September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 Network1 (in thousands) Assets Prepaid expenses and other current assets $ 14 $ 14 Other non-current assets $ 3,671 $ 3,598 Liabilities Accrued expenses and other current liabilities $ 14 $ 14 Other long-term liabilities $ 3,671 $ 3,598

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income taxes for the quarters ended September 30, 2024 and 2023 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 September 30, 2024, a discrete net tax benefit of $0.8 million was recorded, which is attributable to stock compensation. During the quarter ended September 30, 2023, a discrete net tax benefit of $1.5 million was recorded for additional foreign tax credits permitted as a result of the issuance of IRS Notice 2023-55. The Company’s effective tax rate of 26.1% for the quarter ended September 30, 2024, differs from the current federal statutory rate of 21% primarily as a result of income derived from tax jurisdictions with varying income tax rates, discrete items, nondeductible expenses and state income taxes. The Company's effective tax rate was 19.4% for the quarter ended September 30, 2023. As of September 30, 2024, 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 three months ended September 30, 2024, foreign subsidiaries did not repatriate 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 $1.1 million of total gross unrecognized tax benefits at September 30, 2024 and June 30, 2024. Of this total at September 30, 2024, 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 September 30, 2024 and June 30, 2024, the Company had approximately $1.3 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, 2019.

Restructuring

Restructuring	3 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Restructurings	Restructurings In January 2024 and September 2024, as part of a strategic review of organizational structure and operations, the Company executed cost reduction and restructuring programs to align our cost structure with demand expectations in our business. The actions taken in January 2024 and September 2024 are expected to result in approximately $10.0 million and $10.5 million in annualized savings in selling, general and administrative expenses, respectively. The following table presents the restructuring and employee separation costs incurred for the quarters ended September 30, 2024 and 2023: Quarter ended September 30, 2024 2023 (in thousands) Employee separation and benefit costs $ 5,068 $ — For the quarter ended September 30, 2024, all restructuring costs are recognized in the Corporate reporting unit and have not been allocated to the Specialty Technology Solutions or Intelisys & Advisory segments. Accrued restructuring costs are included in accrued expenses and other current liabilities on the Condensed Consolidated Balance Sheets. The following table represents activity for the three months ended September 30, 2024: Accrued Expenses (in thousands) Balance at June 30, 2024 $ 1,629 Charged to expense 5,068 Cash payments (2,078) Balance at September 30, 2024 $ 4,619 The remaining balance as of September 30, 2024 of $4.6 million is expected to be paid through the third quarter of fiscal year 2027.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 30, 2024
Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]
Acquisitions	Acquisitions On August 8, 2024, ScanSource acquired Resourcive, a leading technology advisor. Resourcive delivers strategic IT sourcing solutions to mid-market and enterprise businesses, advising clients on value creation strategies that are enabled by technology. On August 15, 2024 , ScanSource acquired Advantix, a VAR-focused, managed connectivity experience provider specializing in wireless enablement solutions. The combined initial purchase price of these acquisitions, net of cash acquired, was approximately $56.8 million . The Advantix acquisition is included in the Specialty Technology Solutions segment, and the Resourcive acquisition is included in the Intelisys & Advisory segment. Both acquisitions included future earnout payments, and the Company recorded contingent consideration liabilities at the acquisition dates representing the fair value of estimated amounts payable to former owners. See Note 9 - Fair Value of Financial Instruments for the related disclosures regarding the contingent consideration liabilities recognized in connection with these acquisitions. The purchase prices were allocated to the assets acquired and liabilities assumed based on their estimated fair values on the transaction dates. Intangible assets acquired include trade names, customer relationships, and developed technology. See Note 6 - Goodwill and Other Identifiable Intangible Assets

Business Sale

Business Sale	3 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
Business Sale	Business Sale On December 19, 2023, the Company completed the sale of its UK-based intY business. The Company retained its CASCADE cloud services distribution platform which has been used to grow the Cisco and Microsoft subscription businesses in the United States and Brazil. Under the stock purchase agreement, the Company received proceeds of $17.6 million in cash for the sale, net of cash transferred. The business sale resulted in a $14.2 million

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Pay vs Performance Disclosure
Net income	$ 16,974	$ 15,432

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

Business and Summary of Signi_2

Business and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Sep. 30, 2024
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, as amended (the "Exchange Act"). 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 September 30, 2024 and June 30, 2024, the results of operations for the quarters ended September 30, 2024 and 2023, the condensed consolidated statements of comprehensive income for the quarters ended September 30, 2024 and 2023, the condensed consolidated statements of shareholders' equity for the quarters ended September 30, 2024 and 2023 and the condensed consolidated statements of cash flows for the quarters ended September 30, 2024 and 2023. The results of operations for the quarter ended September 30, 2024 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, 2024. Unless otherwise indicated, disclosures provided in the notes to the Company's consolidated financial statements pertain to continuing operations only.
Segment Changes	Effective July 1, 2024, the Company realigned its operating segments to represent the different sales models it uses in executing its hybrid distribution growth strategy. The two realigned segments are Specialty Technology Solutions and Intelisys & Advisory. The Specialty Technology Solutions segment combines the Company's former segments, with the exception of the Company's Intelisys business. The Intelisys & Advisory segment includes the Intelisys and technology advisors businesses, including Channel Exchange (formerly known as intY USA), RPM and Resourcive. Both segments include recurring revenue. The Company has reclassified certain prior year amounts in the segment results to conform with the current year presentation. These reclassifications had no effect on the condensed consolidated financial results. See Note 10 - Segment Information for descriptions of the Company's segments.
Summary of Significant Accounting Policies	There have been no material changes to the Company’s significant accounting policies for the quarter ended September 30, 2024 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, 2024. 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, 2024.
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.
Recent Accounting Pronouncements	In July 2023, the Securities and Exchange Commission issued final rules that require new and enhanced disclosures on cybersecurity risk management, strategy, governance, and incident reporting. Under the final rules, companies must report a material cybersecurity incident on Form 8-K within four business days of determining that such cybersecurity incident is material. To the extent the nature, scope, timing or the impact of the incident is not determinable at the time such Form 8-K is required to be filed, additional information about the material aspects of the cybersecurity incident must be filed on a Form 8-K/A within four business days after such additional information becomes available. Companies must also disclose their cybersecurity processes, management's role in cybersecurity governance, and cybersecurity oversight by the Board of Directors on Form 10-K. The Company adopted these rules for the fiscal year ended June 30, 2024. In November 2023, the Financial Accounting Standards Board (“FASB”) issued ASU No. 2023-07 “Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures.” This ASU expands public entities’ segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable segment’s profit or loss and assets. This ASU is effective for fiscal years beginning after December 15, 2023, and for interim periods within fiscal years beginning after December 15, 2024. This ASU is applicable to the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025, and subsequent interim periods, with early application permitted. The Company is currently evaluating the impact of the application of this ASU on its consolidated financial statements and disclosures. In December 2023, the FASB issued ASU No. 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures.” This ASU updates income tax disclosure requirements primarily by requiring specific categories and greater disaggregation within the rate reconciliation and disaggregation of income taxes paid by jurisdiction. This ASU is effective for annual periods beginning after December 15, 2024 and is applicable to the Company’s fiscal year beginning July 1, 2025, with early application permitted. The Company is currently evaluating the impact of the application of this ASU on its consolidated financial statements and disclosures. The Company has reviewed other 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 leading global suppliers of mobility, barcode, POS, payments, physical security, unified communications, collaboration, connectivity 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 in accordance with ASC 606: (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.

Trade Accounts and Notes Rece_2

Trade Accounts and Notes Receivable, Net (Tables)	3 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
Schedule of Changes in the Allowance for Doubtful Accounts	The changes in the allowance for doubtful accounts for the three months ended September 30, 2024 are set forth in the table below. June 30, 2024 Amounts Charged to Expense Write-offs Other (1) September 30, 2024 (in thousands) Trade accounts and current notes receivable allowance $ 20,684 $ 1,678 $ (153) $ 512 $ 22,721 (1)

Revenue Recognition (Tables)

Revenue Recognition (Tables)	3 Months Ended
	Sep. 30, 2024
Revenue from Contract with Customer [Abstract]
Schedule of Disaggregation of Revenue	The following tables represent the Company's disaggregation of revenue: Quarter ended September 30, 2024 Specialty Technology Solutions Intelisys & Advisory Total (in thousands) Revenue by product/service Products and services $ 740,734 $ 833 $ 741,567 Recurring revenue (a) 11,565 22,448 34,013 $ 752,299 $ 23,281 $ 775,580 Quarter ended September 30, 2023 Specialty Technology Solutions Intelisys & Advisory Total (in thousands) Revenue by product/service Products and services $ 846,835 $ 839 $ 847,674 Recurring revenue (a) 7,115 21,516 28,631 $ 853,950 $ 22,355 $ 876,305 (a) Recurring revenue represents revenue primarily from agency commissions, SaaS, subscriptions, and hardware rentals.

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Sep. 30, 2024
Earnings Per Share [Abstract]
Schedule of Earnings Per Share	Quarter ended September 30, 2024 2023 (in thousands, except per share data) Numerator: Net income $ 16,974 $ 15,432 Denominator: Weighted-average shares, basic 24,147 24,886 Dilutive effect of share-based payments 499 292 Weighted-average shares, diluted 24,646 25,178 Net income per common share, basic $ 0.70 $ 0.62 Net income per common share, diluted $ 0.69 $ 0.61

Accumulated Other Comprehensi_2

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Sep. 30, 2024
Accumulated Other Comprehensive Income (Loss), Net of Tax [Abstract]
Schedule of Accumulated Other Comprehensive Income, Net Of Tax	The components of accumulated other comprehensive loss, net of tax are as follows: September 30, 2024 June 30, 2024 (in thousands) Foreign currency translation adjustment $ (113,777) $ (117,885) Unrealized gain on hedged transaction, net of tax 983 2,032 Accumulated other comprehensive loss $ (112,794) $ (115,853)
Schedule of Other Comprehensive Loss, Tax	The tax effect of amounts in comprehensive loss reflect a tax benefit as follows: Quarter ended September 30, 2024 2023 (in thousands) Tax benefit $ (363) $ (54)

Goodwill and Other Identifiab_2

Goodwill and Other Identifiable Intangible Assets (Tables)	3 Months Ended
	Sep. 30, 2024
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 three months ended September 30, 2024, by reporting segment, are set forth in the table below. Specialty Technology Solutions Intelisys & Advisory Total (in thousands) Balance at June 30, 2024 $ 146,108 $ 60,193 $ 206,301 Additions 16,048 9,078 25,126 Foreign currency translation adjustment 245 1,184 1,429 Balance at September 30, 2024 $ 162,401 $ 70,455 $ 232,856
Schedule of Net Identifiable Intangible Assets	The following table shows changes in the amount recognized for net identifiable intangible assets for the three months ended September 30, 2024. Net Identifiable Intangible Assets (in thousands) Balance at June 30, 2024 $ 37,634 Additions 44,500 Amortization expense (4,358) Foreign currency translation adjustment 24 Balance at September 30, 2024 $ 77,800

Short-Term Borrowings and Lon_2

Short-Term Borrowings and Long-Term Debt (Tables)	3 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
Schedule of Debt	The following table presents the Company’s debt at September 30, 2024 and June 30, 2024. September 30, 2024 June 30, 2024 (in thousands) Current portion of long-term debt $ 9,736 $ 7,857 Mississippi revenue bond, net of current portion 2,663 3,024 Senior secured term loan facility, net of current portion 131,250 133,125 Borrowings under revolving credit facility — 50 Total debt $ 143,649 $ 144,056

Derivatives and Hedging Activ_2

Derivatives and Hedging Activities (Tables)	3 Months Ended
	Sep. 30, 2024
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 ended September 30, 2024 and 2023 are as follows: Quarter ended September 30, 2024 2023 (in thousands) Net foreign exchange derivative contract losses (gains) $ 941 $ (368) Net foreign currency transactional and re-measurement (gains) losses (607) 1,064 Net foreign currency exchange losses $ 334 $ 696
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 ended September 30, 2024 and 2023, are as follows: Quarter ended September 30, 2024 2023 (in thousands) Net interest income recognized as a result of interest rate swap $ (508) $ (759) Unrealized (loss) gain in fair value of interest rate swap (885) 974 Net (decrease) increase in accumulated other comprehensive income (1,393) 215 Income tax effect (343) 62 Net (decrease) increase in accumulated other comprehensive income, net of tax $ (1,050) $ 153
Schedule of Derivative Instruments	The Company used the following derivative instruments at September 30, 2024 and June 30, 2024, reflected in its Condensed Consolidated Balance Sheets, for the risk management purposes detailed above: September 30, 2024 June 30, 2024 Balance Sheet Location Fair Value of Fair Value of Fair Value of Fair Value of (in thousands) Derivative assets: Foreign exchange contracts Prepaid expenses and other current assets — $ 17 — — Foreign currency hedge Prepaid expenses and other current assets — — $ 345 — Interest rate swap agreement Other non-current assets $ 1,305 — $ 2,698 — Derivative liabilities: Foreign exchange contracts Accrued expenses and other current liabilities — — — $ 12 Foreign currency hedge Accrued expenses and other current liabilities $ 53 — — —

Fair Value of Financial Instr_2

Fair Value of Financial Instruments (Tables)	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024: Total Quoted Significant Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current $ 32,176 $ 32,176 $ — $ — Forward foreign currency exchange contracts 17 — 17 — Interest rate swap agreement 1,305 — 1,305 — Total assets at fair value $ 33,498 $ 32,176 $ 1,322 $ — Liabilities: Deferred compensation plan investments, current and non-current $ 32,176 $ 32,176 $ — $ — Foreign currency hedge 53 — 53 — Liability for contingent consideration, current and non-current 17,200 — — 17,200 Total liabilities at fair value $ 49,429 $ 32,176 $ 53 $ 17,200 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, 2024: Total Quoted Significant Significant (in thousands) Assets: Deferred compensation plan investments, current and non-current $ 31,014 $ 31,014 $ — $ — Foreign currency hedge 345 — 345 — Interest rate swap agreement 2,698 — 2,698 — Total assets at fair value $ 34,057 $ 31,014 $ 3,043 $ — Liabilities: Deferred compensation plan investments, current and non-current $ 31,014 $ 31,014 $ — $ — Forward foreign currency exchange contracts 12 — 12 — Total liabilities at fair value $ 31,026 $ 31,014 $ 12 $ —
Schedule of Changes in Fair Value of Contingent Considerations	Valuation techniques and significant observable inputs used in recurring Level 3 fair value measurements for the Company's contingent consideration liabilities related to Advantix and Resourcive at September 30, 2024 were as follows. Acquisition Reporting Period Valuation Technique Significant Unobservable Inputs Weighted Average Rates Advantix September 30, 2024 Discounted cash flow Adjusted EBITDA risk premium 15.7 % Adjusted EBITDA growth rate 19.8 % Resourcive September 30, 2024 Monte Carlo Adjusted EBITDA risk premium 13.6 % Simulated commission growth percentage 23.7 %

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Sep. 30, 2024
Segment Reporting, Measurement Disclosures [Abstract]
Schedule of Financial Information by Segment	Selected financial information for each business segment is presented below: Quarter ended September 30, 2024 2023 (in thousands) Sales: Specialty Technology Solutions $ 752,299 $ 853,950 Intelisys & Advisory 23,281 22,355 $ 775,580 $ 876,305 Depreciation and amortization: Specialty Technology Solutions $ 4,626 $ 4,544 Intelisys & Advisory 2,125 1,954 Corporate 720 720 $ 7,471 $ 7,218 Operating income (loss): Specialty Technology Solutions $ 16,738 $ 17,636 Intelisys & Advisory 6,413 6,649 Corporate (a) (5,521) (201) $ 17,630 $ 24,084 Capital expenditures: Specialty Technology Solutions $ (2,228) $ (2,297) Intelisys & Advisory (147) (18) $ (2,375) $ (2,315) Sales by Geography Category: United States and Canada $ 715,989 $ 792,464 Brazil (b) 63,561 85,305 Less intercompany sales (3,970) (1,464) $ 775,580 $ 876,305 (a) For the quarter ended September 30, 2024, the amounts shown above include restructuring expense, acquisition and divestiture expenses as well as cyberattack restoration costs. For the quarter ended September 30, 2023, the amounts above include cyberattack restoration costs. (b) Countries outside of Brazil represent $0.1 million, or 0.2% of sales, for the quarter ended September 30, 2024 and $2.4 million, or 2.8% of sales, for the quarter ended September 30, 2023.
Schedule of Reconciliation of Assets from Segment to Consolidated	September 30, 2024 June 30, 2024 (in thousands) Assets: Specialty Technology Solutions $ 1,563,728 $ 1,499,146 Intelisys & Advisory 222,781 279,886 $ 1,786,509 $ 1,779,032 Property and equipment, net by Geography Category: United States and Canada $ 19,836 $ 21,613 Brazil 13,104 11,888 $ 32,940 $ 33,501

Leases (Tables)

Leases (Tables)	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 Operating leases Balance Sheet location (in thousands) Operating lease right-of-use assets Other non-current assets $ 10,574 $ 9,057 Current operating lease liabilities Accrued expenses and other current liabilities $ 3,810 $ 3,398 Long-term operating lease liabilities Other long-term liabilities $ 7,574 $ 6,507
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 ended September 30, 2024 and 2023. Operating lease costs contain immaterial amounts of short-term lease costs for leases with an initial term of 12 months or less. Quarter ended September 30, 2024 2023 (in thousands) Operating lease cost $ 1,121 $ 1,209 Variable lease cost 332 383 $ 1,453 $ 1,592 Supplemental cash flow information related to the Company's operating leases for the three months ended September 30, 2024 and 2023 are presented in the table below: Quarter ended September 30, 2024 2023 (in thousands) Cash paid for amounts in the measurement of lease liabilities $ 1,132 $ 1,412 Right-of-use assets obtained in exchange for lease obligations 2,461 230 The weighted-average remaining lease term and discount rate at September 30, 2024 are presented in the table below: September 30, 2024 Weighted-average remaining lease term 3.11 years Weighted-average discount rate 5.20 %
Schedule of Lessee, Operating Lease, Liability, Maturity	The following table presents the maturities of the Company's operating lease liabilities at September 30, 2024: Operating leases (in thousands) 2024 $ 3,403 2025 4,198 2026 3,812 2027 1,412 2028 723 Thereafter 300 Total future payments 13,848 Less: amounts representing interest 2,464 Present value of lease payments $ 11,384

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Sep. 30, 2024
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 September 30, 2024 and June 30, 2024: September 30, 2024 June 30, 2024 Network1 (in thousands) Assets Prepaid expenses and other current assets $ 14 $ 14 Other non-current assets $ 3,671 $ 3,598 Liabilities Accrued expenses and other current liabilities $ 14 $ 14 Other long-term liabilities $ 3,671 $ 3,598

Restructurings (Tables)

Restructurings (Tables)	3 Months Ended
	Sep. 30, 2024
Restructuring and Related Activities [Abstract]
Schedule of Restructuring and Severance Costs	The following table presents the restructuring and employee separation costs incurred for the quarters ended September 30, 2024 and 2023: Quarter ended September 30, 2024 2023 (in thousands) Employee separation and benefit costs $ 5,068 $ —
Schedule of Restructuring Activity	The following table represents activity for the three months ended September 30, 2024: Accrued Expenses (in thousands) Balance at June 30, 2024 $ 1,629 Charged to expense 5,068 Cash payments (2,078) Balance at September 30, 2024 $ 4,619

Business and Summary of Signi_3

Business and Summary of Significant Accounting Policies (Details) $ in Thousands		3 Months Ended
	Jul. 01, 2024 segment	Sep. 30, 2024 USD ($) segment	Sep. 30, 2023 USD ($)	Jun. 30, 2024 USD ($)
Cash and Cash Equivalents [Line Items]
Number of operating segments | segment	2	2
Depreciation expense related to selling, general and administrative costs		$ 2,857	$ 2,795
Amortization of intangible assets		4,358	4,193
Product
Cash and Cash Equivalents [Line Items]
Depreciation expense reported as part of cost of goods sold		300	$ 200
Bank Overdrafts
Cash and Cash Equivalents [Line Items]
Outstanding checks		$ 300		$ 5,900

Trade Accounts and Notes Rece_3

Trade Accounts and Notes Receivable, Net (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning Balance	$ 20,684
Amounts Charged to Expense	1,678	$ 4,157
Write-offs	(153)
Other	512
Ending Balance	$ 22,721

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Revenues	$ 775,580	$ 876,305
Products and services
Disaggregation of Revenue [Line Items]
Revenues	741,567	847,674
Recurring revenue
Disaggregation of Revenue [Line Items]
Revenues	34,013	28,631
Specialty Technology Solutions
Disaggregation of Revenue [Line Items]
Revenues	752,299	853,950
Specialty Technology Solutions | Products and services
Disaggregation of Revenue [Line Items]
Revenues	740,734	846,835
Specialty Technology Solutions | Recurring revenue
Disaggregation of Revenue [Line Items]
Revenues	11,565	7,115
Intelisys & Advisory
Disaggregation of Revenue [Line Items]
Revenues	23,281	22,355
Intelisys & Advisory | Products and services
Disaggregation of Revenue [Line Items]
Revenues	833	839
Intelisys & Advisory | Recurring revenue
Disaggregation of Revenue [Line Items]
Revenues	$ 22,448	$ 21,516

Earnings Per Share (Details)

Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Numerator:
Net income	$ 16,974	$ 15,432
Denominator:
Weighted-average shares, basic (in shares)	24,147,000	24,886,000
Dilutive effect of share-based payments (in shares)	499,000	292,000
Weighted-average shares, diluted (in shares)	24,646,000	25,178,000
Net income per common share, basic (in dollars per share)	$ 0.70	$ 0.62
Net income per common share, diluted (in dollars per share)	$ 0.69	$ 0.61
Weighted average shares excluded from the computation of diluted earnings per share (in shares)	109,450	854,893

Accumulated Other Comprehensi_3

Accumulated Other Comprehensive Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive loss	$ (112,794)		$ (115,853)
Tax benefit	(363)	$ (54)
Foreign currency translation adjustment
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive loss	(113,777)		(117,885)
Unrealized gain on hedged transaction, net of tax
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive loss	983		2,032
Accumulated other comprehensive loss
Accumulated Other Comprehensive Loss [Line Items]
Accumulated other comprehensive loss	$ (112,794)		$ (115,853)

Goodwill and Other Identifiab_3

Goodwill and Other Identifiable Intangible Assets (Changes in the Carrying Amount of Goodwill) (Details) $ in Thousands	3 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Balance at June 30, 2024	$ 206,301
Additions	25,126
Foreign currency translation adjustment	1,429
Balance at September 30, 2024	232,856
Specialty Technology Solutions
Goodwill [Roll Forward]
Balance at June 30, 2024	146,108
Additions	16,048
Foreign currency translation adjustment	245
Balance at September 30, 2024	162,401
Intelisys & Advisory
Goodwill [Roll Forward]
Balance at June 30, 2024	60,193
Additions	9,078
Foreign currency translation adjustment	1,184
Balance at September 30, 2024	$ 70,455

Goodwill and Other Identifiab_4

Goodwill and Other Identifiable Intangible Assets (Net Identifiable Intangible Assets) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Finite-lived Intangible Assets [Roll Forward]
Balance at June 30, 2024	$ 37,634
Additions	44,500
Amortization expense	(4,358)	$ (4,193)
Foreign currency translation adjustment	24
Balance at September 30, 2024	$ 77,800

Short-Term Borrowings and Lon_3

Short-Term Borrowings and Long-Term Debt (Schedule of Debt) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Debt Instrument [Line Items]
Current portion of long-term debt	$ 9,736	$ 7,857
Long-term debt, excluding current maturities	133,913	136,149
Borrowings under revolving credit facility	0	50
Total debt	143,649	144,056
Term Loan Facility
Debt Instrument [Line Items]
Long-term debt, excluding current maturities	131,250	133,125
Multi-Currency Revolving Credit Facility
Debt Instrument [Line Items]
Borrowings under revolving credit facility	0	50
Mississippi Revenue Bond
Debt Instrument [Line Items]
Long-term debt, excluding current maturities	$ 2,663	$ 3,024

Short-Term Borrowings and Lon_4

Short-Term Borrowings and Long-Term Debt (Narrative) (Details) - USD ($)			3 Months Ended
	Sep. 28, 2022	Aug. 01, 2007	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Debt Instrument [Line Items]
Debt issuance costs, net			$ 1,100,000
Mississippi Revenue Bond
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument		0.85%
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			6.15%		6.28%
SOFR | Mississippi Revenue Bond
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
Debt issuance costs, gross	$ 1,400,000
Amount of unrestricted domestic cash			$ 30,000,000
Percentage of spread in effect Interest rate			1%
Line of credit facility, unused capacity, commitment fee percentage			0.15%
Average daily balance on revolving credit facility			$ 144,000,000	$ 200,900,000
Line of credit facility, remaining borrowing capacity			$ 350,000,000		$ 349,900,000
Effective interest rate			5.95%		6.44%
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
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
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | SOFR
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument			0.10%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | SOFR | Minimum
Debt Instrument [Line Items]
Percentage spread points on variable rate debt instrument			1%
Multi-Currency Revolving Credit Facility, Amended Credit Agreement | 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%
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%
Term Loan Facility
Debt Instrument [Line Items]
Line of credit facility, expiration period	5 years
Borrowing capacity under credit facility	$ 150,000,000
Percentage of spread in effect Interest rate			5.95%		6.44%
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 ($)	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2023	Sep. 28, 2022
Foreign exchange contracts
Derivative [Line Items]
Derivative, notional amount	$ 33,700,000	$ 27,500,000
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
	Sep. 30, 2024	Sep. 30, 2023
General Discussion of Derivative Instruments and Hedging Activities [Abstract]
Net foreign exchange derivative contract losses (gains)	$ 941	$ (368)
Net foreign currency transactional and re-measurement (gains) losses	(607)	1,064
Net foreign currency exchange losses	$ 334	$ 696

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
	Sep. 30, 2024	Sep. 30, 2023
Derivative Instruments, Gain (Loss) [Line Items]
Net (decrease) increase in accumulated other comprehensive income, net of tax	$ (1,050)	$ 153
Interest rate swap agreement
Derivative Instruments, Gain (Loss) [Line Items]
Net interest income recognized as a result of interest rate swap	(508)	(759)
Unrealized (loss) gain in fair value of interest rate swap	(885)	974
Net (decrease) increase in accumulated other comprehensive income	(1,393)	215
Income tax effect	(343)	62
Net (decrease) increase in accumulated other comprehensive income, net of tax	$ (1,050)	$ 153

Derivatives and Hedging Activ_6

Derivatives and Hedging Activities (Derivative Instruments) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Foreign exchange contracts | Prepaid expenses and other current assets | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	$ 0	$ 0
Foreign exchange contracts | Prepaid expenses and other current assets | Fair Value  of Derivatives Not Designated as  Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	17	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	0	12
Foreign currency hedge | Prepaid expenses and other current assets | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	0	345
Foreign currency hedge | Prepaid expenses and other current assets | Fair Value  of Derivatives Not Designated as  Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	0	0
Foreign currency hedge | Accrued expenses and other current liabilities | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative liabilities	53	0
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
Interest rate swap agreement | Other non-current assets | Fair Value  of Derivatives Designated  as Hedge Instruments
Derivatives, Fair Value [Line Items]
Derivative assets	1,305	2,698
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

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	Sep. 30, 2024	Jun. 30, 2024
Assets:
Deferred compensation plan investments, current and non-current	$ 32,176	$ 31,014
Total assets at fair value	33,498	34,057
Liabilities:
Deferred compensation plan investments, current and non-current	32,176	31,014
Liability for contingent consideration, current and non-current	17,200
Total liabilities at fair value	49,429	31,026
Foreign exchange contracts
Assets:
Derivative asset	17
Liabilities:
Forward foreign currency exchange contracts		12
Interest rate swap agreement
Assets:
Derivative asset	1,305	2,698
Foreign currency hedge
Assets:
Derivative asset		345
Liabilities:
Forward foreign currency exchange contracts	53
Quoted prices in active markets (Level 1)
Assets:
Deferred compensation plan investments, current and non-current	32,176	31,014
Total assets at fair value	32,176	31,014
Liabilities:
Deferred compensation plan investments, current and non-current	32,176	31,014
Liability for contingent consideration, current and non-current	0
Total liabilities at fair value	32,176	31,014
Quoted prices in active markets (Level 1) | Foreign exchange contracts
Assets:
Derivative asset	0
Liabilities:
Forward foreign currency exchange contracts		0
Quoted prices in active markets (Level 1) | Interest rate swap agreement
Assets:
Derivative asset	0	0
Quoted prices in active markets (Level 1) | Foreign currency hedge
Assets:
Derivative asset		0
Liabilities:
Forward foreign currency exchange contracts	0
Significant other observable inputs (Level 2)
Assets:
Deferred compensation plan investments, current and non-current	0	0
Total assets at fair value	1,322	3,043
Liabilities:
Deferred compensation plan investments, current and non-current	0	0
Liability for contingent consideration, current and non-current	0
Total liabilities at fair value	53	12
Significant other observable inputs (Level 2) | Foreign exchange contracts
Assets:
Derivative asset	17
Liabilities:
Forward foreign currency exchange contracts		12
Significant other observable inputs (Level 2) | Interest rate swap agreement
Assets:
Derivative asset	1,305	2,698
Significant other observable inputs (Level 2) | Foreign currency hedge
Assets:
Derivative asset		345
Liabilities:
Forward foreign currency exchange contracts	53
Significant unobservable inputs (Level 3)
Assets:
Deferred compensation plan investments, current and non-current	0	0
Total assets at fair value	0	0
Liabilities:
Deferred compensation plan investments, current and non-current	0	0
Liability for contingent consideration, current and non-current	17,200
Total liabilities at fair value	17,200	0
Significant unobservable inputs (Level 3) | Foreign exchange contracts
Assets:
Derivative asset	0
Liabilities:
Forward foreign currency exchange contracts		0
Significant unobservable inputs (Level 3) | Interest rate swap agreement
Assets:
Derivative asset	0	0
Significant unobservable inputs (Level 3) | Foreign currency hedge
Assets:
Derivative asset		$ 0
Liabilities:
Forward foreign currency exchange contracts	$ 0

Fair Value of Financial Instr_4

Fair Value of Financial Instruments (Schedule of Valuation Techniques and Significant Observable Inputs) (Details)	Sep. 30, 2024
Measurement Input EBITDA Risk Premium | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, measurement input	0.157
Measurement Input EBITDA Risk Premium | Monte Carlo
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, measurement input	0.136
Measurement Input, EBITDA Multiple | Discounted cash flow
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, measurement input	0.198
Simulated commission growth percentage | Monte Carlo
Fair Value Measurement Inputs and Valuation Techniques [Line Items]
Contingent consideration, liability, measurement input	0.237

Fair Value of Financial Instr_5

Fair Value of Financial Instruments (Narrative) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Current portion of contingent consideration	$ 1,911	$ 0
Advantix | Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability for contingent consideration	7,500
Current portion of contingent consideration	1,900
Resourcive | Significant unobservable inputs (Level 3)
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Fair value of liability for contingent consideration	$ 9,700

Segment Information (Narrative)

Segment Information (Narrative) (Details)	3 Months Ended
	Sep. 30, 2024 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
	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Sales	$ 775,580	$ 876,305
Depreciation and amortization	7,471	7,218
Operating income (loss)	17,630	24,084
Capital expenditures	(2,375)	(2,315)
Non-US or Brazil
Segment Reporting Information [Line Items]
Sales	$ 100	$ 2,400
Non-US or Brazil | Revenue from Contract with Customer Benchmark | Geographic Concentration Risk
Segment Reporting Information [Line Items]
Percentage of sales	0.20%	2.80%
Corporate
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 720	$ 720
Operating income (loss)	(5,521)	(201)
Reportable Geographical Components | United States and Canada
Segment Reporting Information [Line Items]
Sales	715,989	792,464
Reportable Geographical Components | Brazil
Segment Reporting Information [Line Items]
Sales	63,561	85,305
Geography Eliminations
Segment Reporting Information [Line Items]
Sales	(3,970)	(1,464)
Specialty Technology Solutions
Segment Reporting Information [Line Items]
Sales	752,299	853,950
Specialty Technology Solutions | Operating Segments
Segment Reporting Information [Line Items]
Sales	752,299	853,950
Depreciation and amortization	4,626	4,544
Operating income (loss)	16,738	17,636
Capital expenditures	(2,228)	(2,297)
Intelisys & Advisory
Segment Reporting Information [Line Items]
Sales	23,281	22,355
Intelisys & Advisory | Operating Segments
Segment Reporting Information [Line Items]
Sales	23,281	22,355
Depreciation and amortization	2,125	1,954
Operating income (loss)	6,413	6,649
Capital expenditures	$ (147)	$ (18)

Segment Information (Assets By

Segment Information (Assets By Segment) (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Segment Reporting Information [Line Items]
Assets	$ 1,786,509	$ 1,779,032
Property and equipment, net by Geography Category	32,940	33,501
United States and Canada
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	19,836	21,613
Brazil
Segment Reporting Information [Line Items]
Property and equipment, net by Geography Category	13,104	11,888
Operating Segments | Specialty Technology Solutions | Continuing Operations
Segment Reporting Information [Line Items]
Assets	1,563,728	1,499,146
Operating Segments | Intelisys & Advisory | Continuing Operations
Segment Reporting Information [Line Items]
Assets	$ 222,781	$ 279,886

Leases (Narrative) (Details)

Leases (Narrative) (Details)	Sep. 30, 2024
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	Sep. 30, 2024	Jun. 30, 2024
Leases [Abstract]
Operating lease right-of-use assets	$ 10,574	$ 9,057
Current operating lease liabilities	3,810	3,398
Long-term operating lease liabilities	$ 7,574	$ 6,507
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
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Operating lease cost	$ 1,121	$ 1,209
Variable lease cost	332	383
Total cost	$ 1,453	$ 1,592

Leases (Supplemental Cash Flow

Leases (Supplemental Cash Flow Information) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Leases [Abstract]
Cash paid for amounts in the measurement of lease liabilities	$ 1,132	$ 1,412
Right-of-use assets obtained in exchange for lease obligations	$ 2,461	$ 230

Leases (Weighted Average Remain

Leases (Weighted Average Remaining Term and Discount Rate) (Details)	Sep. 30, 2024
Leases [Abstract]
Weighted-average remaining lease term	3 years 1 month 9 days
Weighted-average discount rate	5.20%

Leases (Maturities of Operating

Leases (Maturities of Operating Lease Liabilities) (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Leases [Abstract]
2024	$ 3,403
2025	4,198
2026	3,812
2027	1,412
2028	723
Thereafter	300
Total future payments	13,848
Less: amounts representing interest	2,464
Present value of lease payments	$ 11,384

Commitments and Contingencies_2

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Sep. 30, 2024	Jun. 30, 2024
Network1
Long-term Purchase Commitment [Line Items]
Cash held in escrow	$ 3.4	$ 3.2

Commitments and Contingencies_3

Commitments and Contingencies (Pre-acquisition Contingencies and Corresponding Indemnification Receivables) (Details) - Network1 - USD ($) $ in Thousands	Sep. 30, 2024	Jun. 30, 2024
Assets
Prepaid expenses and other current assets	$ 14	$ 14
Other non-current assets	3,671	3,598
Liabilities
Accrued expenses and other current liabilities	14	14
Other long-term liabilities	$ 3,671	$ 3,598

Income Taxes (Details)

Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Jun. 30, 2024
Income Tax Disclosure [Abstract]
Discrete net tax benefit	$ 0.8	$ 1.5
Effective income tax rate	26.10%	19.40%
Unrecognized tax benefits	$ 1.1		$ 1.1
Unrecognized tax benefits that would impact effective tax rate if recognized	0.9
Income tax penalties and interest accrued	$ 1.3		$ 1.3

Restructurings - Additional Inf

Restructurings - Additional Information (Details) - USD ($) $ in Thousands	1 Months Ended
	Sep. 30, 2024	Jan. 31, 2024	Jun. 30, 2024
Restructuring and Related Activities [Abstract]
Expected annual savings	$ 10,500	$ 10,000
Restructuring reserve	$ 4,619		$ 1,629

Restructurings - Summary of Res

Restructurings - Summary of Restructuring and Severance Costs, By Segment (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Restructuring Cost and Reserve [Line Items]
Charged to expense	$ 5,068	$ 0
Employee separation and benefit costs
Restructuring Cost and Reserve [Line Items]
Charged to expense	$ 5,068	$ 0

Restructurings - Restructuring

Restructurings - Restructuring Activity (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Restructuring Reserve [Roll Forward]
Balance, beginning of year	$ 1,629
Charged to expense	5,068	$ 0
Cash payments	(2,078)
Ending Balance	$ 4,619

Acquisitions (Narrative) (Detai

Acquisitions (Narrative) (Details) - USD ($) $ in Thousands	3 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired	$ 56,849	$ 0
Series of Individually Immaterial Business Acquisitions
Business Acquisition [Line Items]
Consideration transferred, net of cash acquired	56,800
Business combination, acquisition related costs	$ 400

Business Sale (Details)

Business Sale (Details) - Discontinued Operations, Held-for-sale or Disposed of by Sale - UK-based intY Business $ in Millions	Dec. 19, 2023 USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash payment received	$ 17.6
Gain (loss) on disposal group	$ 14.2