Insight Enterprises (NSIT) 10-Q 29 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 22, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
Trading Symbol	NSIT
Entity Registrant Name	INSIGHT ENTERPRISES INC
Entity Central Index Key	932,696
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		36,704,965

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Current assets:
Cash and cash equivalents	$ 173,910	$ 187,978
Accounts receivable, net of allowance for doubtful accounts of $11,026 and $11,872, respectively	1,050,866	1,315,094
Inventories	129,452	119,820
Inventories not available for sale	52,453	51,756
Other current assets	85,147	77,011
Total current assets	1,491,828	1,751,659
Property and equipment, net of accumulated depreciation and amortization of $298,292 and $291,643, respectively	85,975	88,281
Goodwill	56,195	56,195
Intangible assets, net of accumulated amortization of $98,516 and $94,406, respectively	23,790	26,983
Deferred income taxes	62,927	62,986
Other assets	28,452	27,913
Total assets	1,749,167	2,014,017
Current liabilities:
Accounts payable-trade	609,882	905,464
Accounts payable-inventory financing facility	102,064	106,327
Accrued expenses and other current liabilities	122,315	144,633
Current portion of long-term debt	1,206	1,535
Deferred revenue	53,627	50,166
Total current liabilities	889,094	1,208,125
Long-term debt	141,171	89,000
Deferred income taxes	197	239
Other liabilities	31,222	30,911
Total liabilities	$ 1,061,684	$ 1,328,275
Commitments and contingencies
Stockholders' equity:
Preferred stock, $0.01 par value, 3,000 shares authorized; no shares issued
Common stock, $0.01 par value, 100,000 shares authorized; 36,832 shares at March 31, 2016 and 37,106 shares at December 31, 2015 issued and outstanding	$ 368	$ 371
Additional paid-in capital	313,273	316,686
Retained earnings	406,459	408,721
Accumulated other comprehensive loss - foreign currency translation adjustments	(32,617)	(40,036)
Total stockholders' equity	687,483	685,742
Total liabilities and stockholders' equity	$ 1,749,167	$ 2,014,017

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Statement of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 11,026	$ 11,872
Accumulated depreciation of property and equipment	298,292	291,643
Accumulated amortization of intangible assets	$ 98,516	$ 94,406
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock, shares authorized	3,000,000	3,000,000
Preferred stock, shares issued	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	36,832,000	37,106,000
Common stock, shares outstanding	36,832,000	37,106,000

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Income Statement [Abstract]
Net sales	$ 1,168,982	$ 1,219,679
Costs of goods sold	1,007,874	1,057,866
Gross profit	161,108	161,813
Operating expenses:
Selling and administrative expenses	146,119	140,796
Severance and restructuring expenses	1,356	723
Earnings from operations	13,633	20,294
Non-operating (income) expense:
Interest income	(250)	(154)
Interest expense	1,848	1,738
Net foreign currency exchange loss	616	613
Other expense, net	268	331
Earnings before income taxes	11,151	17,766
Income tax expense	4,263	6,815
Net earnings	$ 6,888	$ 10,951
Net earnings per share:
Basic	$ 0.19	$ 0.28
Diluted	$ 0.18	$ 0.27
Shares used in per share calculations:
Basic	37,075	39,673
Diluted	37,386	39,994

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Statement of Comprehensive Income [Abstract]
Net earnings	$ 6,888	$ 10,951
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,419	(16,882)
Total comprehensive income (loss)	$ 14,307	$ (5,931)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net earnings	$ 6,888	$ 10,951
Adjustments to reconcile net earnings to net cash (used in) provided by operating activities:
Depreciation and amortization	10,180	9,542
Provision for losses on accounts receivable	608	1,083
Write-downs of inventories	967	826
Non-cash stock-based compensation	2,799	2,323
Excess tax benefit from employee gains on stock-based compensation	(258)	(345)
Deferred income taxes	(1)	31
Changes in assets and liabilities:
Decrease in accounts receivable	265,222	239,253
Increase in inventories	(11,334)	(18,079)
Increase in other assets	(8,259)	(11,456)
Decrease in accounts payable	(297,714)	(198,530)
Increase in deferred revenue	3,370	7,384
Decrease in accrued expenses and other liabilities	(19,655)	(22,165)
Net cash (used in) provided by operating activities	(47,187)	20,818
Cash flows from investing activities:
Purchases of property and equipment	(2,896)	(3,194)
Net cash used in investing activities	(2,896)	(3,194)
Cash flows from financing activities:
Borrowings on senior revolving credit facility	214,920	158,410
Repayments on senior revolving credit facility	(214,920)	(138,910)
Borrowings on accounts receivable securitization financing facility	516,000	409,100
Repayments on accounts receivable securitization financing facility	(465,000)	(395,100)
Repayments under other financing agreements	(632)
Payments on capital lease obligations	(56)	(55)
Net (repayments) borrowings under inventory financing facility	(4,263)	22,505
Excess tax benefit from employee gains on stock-based compensation	258	345
Payment of payroll taxes on stock-based compensation through shares withheld	(2,098)	(1,826)
Repurchases of common stock	(13,461)	(38,559)
Net cash provided by financing activities	30,748	15,910
Foreign currency exchange effect on cash and cash equivalent balances	5,267	(11,932)
(Decrease) increase in cash and cash equivalents	(14,068)	21,602
Cash and cash equivalents at beginning of period	187,978	164,524
Cash and cash equivalents at end of period	$ 173,910	$ 186,126

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation and Recently Issued Accounting Standards	1. Basis of Presentation and Recently Issued Accounting Standards We are a Fortune 500-ranked global provider of hardware, software, Cloud and service solutions to business, government, healthcare and educational clients. The Company is organized in the following three operating segments, which are primarily defined by their related geographies: Operating Segment Geography North America United States and Canada EMEA Europe, Middle East and Africa APAC Asia-Pacific Our offerings in North America and select countries in EMEA include hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are largely software and select software-related services. In the opinion of management, the accompanying unaudited consolidated financial statements contain all adjustments necessary to present fairly our financial position as of March 31, 2016, and our results of operations and cash flows for the three months ended March 31, 2016 and 2015. The consolidated balance sheet as of December 31, 2015 was derived from the audited consolidated balance sheet at such date. The accompanying unaudited consolidated financial statements and notes have been prepared in accordance with the rules and regulations promulgated by the Securities and Exchange Commission and consequently do not include all of the disclosures normally required by United States generally accepted accounting principles (“GAAP”). The results of operations for interim periods are not necessarily indicative of results for the full year, due in part to the seasonal nature of our business. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements, including the related notes thereto, in our Annual Report on Form 10-K for the year ended December 31, 2015. Our results of operations include the results of BlueMetal Architects, Inc. (“BlueMetal”) from its acquisition date of October 1, 2015. The consolidated financial statements include the accounts of Insight Enterprises, Inc. and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation. References to “the Company,” “Insight,” “we,” “us,” “our” and other similar words refer to Insight Enterprises, Inc. and its consolidated subsidiaries, unless the context suggests otherwise. The preparation of consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements. Additionally, these estimates and assumptions affect the reported amounts of net sales and expenses during the reporting period. Actual results could differ from those estimates. On an ongoing basis, we evaluate our estimates, including those related to sales recognition, anticipated achievement levels under partner funding programs, assumptions related to stock-based compensation valuation, allowances for doubtful accounts, valuation of inventories, litigation-related obligations, valuation allowances for deferred tax assets and impairment of long-lived assets, including purchased intangibles and goodwill, if indicators of potential impairment exist. Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-02, “Leases” (Topic 842), which supersedes the lease recognition requirements in Accounting Standards Codification Topic 840, “Leases.” The core principal of the guidance is that an entity should recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. The standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within such fiscal years. Early adoption is permitted. The guidance is to be applied using a modified retrospective transition method with the option to elect a number of practical expedients. We are in the process of determining the effect that the adoption of ASU 2016-02 will have on our consolidated financial statements and disclosures and have not yet selected our planned transition approach or the timing of adoption. In March 2016, FASB issued ASU No. 2016-09, “Improvements to Employee Share-Based Payment Accounting” (Topic 718). This ASU simplifies the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU requires that excess tax benefits and deficiencies be recognized as income tax benefit or expense in the income statement, and, therefore, we anticipate increased income tax expense volatility after adoption of this ASU. The guidance is effective in 2017 with early adoption permitted. We are currently evaluating the effect of this guidance on our financial statements and the timing of adoption. There have been no other material changes or additions to the recently issued accounting standards as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015 that affect or may affect our financial statements.

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS")	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Net Earnings Per Share ("EPS")	2. Net Earnings Per Share (“EPS”) Basic EPS is computed by dividing net earnings available to common stockholders by the weighted average number of common shares outstanding during each period. Diluted EPS is computed on the basis of the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding restricted stock units (“RSUs”). A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data): Three Months Ended March 31, 2016 2015 Numerator: Net earnings $ 6,888 $ 10,951 Denominator: Weighted average shares used to compute basic EPS 37,075 39,673 Dilutive potential common shares due to dilutive RSUs, net of tax effect 311 321 Weighted average shares used to compute diluted EPS 37,386 39,994 Net earnings per share: Basic $ 0.19 $ 0.28 Diluted $ 0.18 $ 0.27 For the three months ended March 31, 2016, 138,000 of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive. There were no anti-dilutive RSUs for the three months ended March 31, 2015. These share-based awards could be dilutive in the future.

Debt, Capital Leases and Other

Debt, Capital Leases and Other Financing Obligations	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt, Capital Leases and Other Financing Obligations	3. Debt, Capital Leases and Other Financing Obligations Debt Our long-term debt consists of the following (in thousands): March 31, December 31, 2015 Senior revolving credit facility $ — $ — Accounts receivable securitization financing facility 140,000 89,000 Capital leases and other financing obligations 2,377 1,535 Total 142,377 90,535 Less: current portion of capital leases and other financing obligations (1,206 ) (1,535 ) Less: current portion of revolving credit facilities — — Long-term debt $ 141,171 $ 89,000 Our senior revolving credit facility (“revolving facility”) has an aggregate U.S. dollar equivalent maximum borrowing capacity amount of $350,000,000 and matures on April 26, 2017. Our accounts receivable securitization financing facility (the “ABS facility”) has a maximum borrowing capacity of $200,000,000 and matures on June 30, 2017. While the ABS facility has a stated maximum amount, the actual availability under the ABS facility is limited by the quantity and quality of the underlying accounts receivable. As of March 31, 2016, qualified receivables were sufficient to permit access to the full $200,000,000 facility amount, of which $140,000,000 was outstanding. Our consolidated debt balance that can be outstanding at the end of any fiscal quarter under our revolving facility and our ABS facility is limited by certain financial covenants, particularly a maximum leverage ratio. The maximum leverage ratio is calculated as aggregate debt outstanding divided by the sum of our trailing twelve month net earnings (loss) plus (i) interest expense, excluding non-cash imputed interest on our inventory financing facility, (ii) income tax expense (benefit), (iii) depreciation and amortization, (iv) non-cash stock-based compensation and (v) extraordinary or non-recurring non-cash losses or expenses (“adjusted earnings”). The maximum leverage ratio permitted under the facilities is 2.75 times our trailing twelve-month adjusted earnings. A significant drop in our adjusted earnings would limit the amount of indebtedness that could be outstanding at the end of any fiscal quarter to a level that would be below our consolidated maximum facility amount. Based on our maximum leverage ratio as of March 31, 2016, our aggregate debt balance that could have been outstanding under our revolving facility and our ABS facility was reduced from the maximum borrowing capacity of $550,000,000 to $455,123,000, of which $140,000,000 was outstanding at March 31, 2016. Capital Lease In March 2016, we entered into a new capitalized lease with a 36-month term for certain IT equipment. The obligation under the capitalized lease is included in long-term debt in our consolidated balance sheet as of March 31, 2016. The current and long-term portions of the obligation are included in the table above. The capital lease was a non-cash transaction and, accordingly, has been excluded from our consolidated statement of cash flows for the three months ended March 31, 2016.

Severance and Restructuring Act

Severance and Restructuring Activities	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Severance and Restructuring Activities	4. Severance and Restructuring Activities During the three months ended March 31, 2016, we recorded severance expense associated with the realignment of certain roles and responsibilities, primarily cost reduction initiatives across our U.S. business. The following table details the activity related to these resource actions for the three months ended March 31, 2016 and the outstanding obligations as of March 31, 2016 (in thousands): North America EMEA APAC Consolidated Balances at December 31, 2015 $ 505 $ 2,983 $ — $ 3,488 Severance costs, net of adjustments 1,217 24 115 1,356 Cash payments (253 ) (1,278 ) (66 ) (1,597 ) Foreign currency translation adjustments — 55 — 55 Balances at March 31, 2016 $ 1,469 $ 1,784 $ 49 $ 3,302 Adjustments were recorded as a reduction to severance and restructuring expense in North America and EMEA of $4,000 and $63,000, respectively, in the three months ended March 31, 2016, due to changes in estimates. The remaining outstanding obligations are expected to be paid during the next 12 months and, therefore, are included in accrued expenses and other current liabilities in the accompanying consolidated balance sheets.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	5. Stock-Based Compensation We recorded the following pre-tax amounts in selling and administrative expenses for stock-based compensation, by operating segment, in the accompanying consolidated financial statements (in thousands): Three Months Ended March 31, 2016 2015 North America $ 2,097 $ 1,731 EMEA 591 502 APAC 111 90 Total Consolidated $ 2,799 $ 2,323 As of March 31, 2016, total compensation cost related to nonvested RSUs not yet recognized is $22,961,000, which is expected to be recognized over the next 1.46 years on a weighted-average basis. The following table summarizes our RSU activity during the three months ended March 31, 2016: Number Weighted Average Grant Date Fair Value Fair Value Nonvested at January 1, 2016 951,784 $ 24.35 Granted (a) 421,356 25.82 Vested, including shares withheld to cover taxes (311,325 ) 23.48 $ 8,017,180 (b) Forfeited (5,218 ) 24.19 Nonvested at March 31, 2016 (a) 1,056,597 25.19 $ 30,260,938 (c) Expected to vest 930,483 $ 26,649,033 (c) (a) Includes 125,410 RSUs subject to remaining performance conditions. The number of RSUs subject to performance conditions are based on the Company achieving 100% of its 2016 targeted financial results. The number of RSUs ultimately awarded under the performance-based RSUs varies based on actual achieved financial results for 2016. (b) The aggregate fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date. (c) The aggregate fair value of the nonvested RSUs and the RSUs expected to vest represents the total pre-tax fair value, based on our closing stock price of $28.64 as of March 31, 2016, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	6. Income Taxes Our effective tax rate for the three months ended March 31, 2016 and 2015 was 38.2% and 38.4%, respectively. For the three months ended March 31, 2016 and 2015, our effective tax rate was higher than the United States federal statutory rate of 35.0% due primarily to state income taxes, net of federal benefit. Additionally, the effect of lower taxes on earnings in foreign jurisdictions was offset partially by losses in certain foreign jurisdictions, resulting in an increase in the valuation allowance for deferred tax assets related to these foreign operating losses. As of March 31, 2016 and December 31, 2015, we had approximately $3,490,000 and $3,335,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $330,000 and $296,000, respectively, related to accrued interest. Several of our subsidiaries are currently under audit for tax years 2006 through 2014. Although the timing of the resolutions and/or closures of audits is highly uncertain, it is reasonably possible that the examination phase of these audits may be concluded within the next 12 months, which could significantly increase or decrease the balance of our gross unrecognized tax benefits. However, based on the status of the various examinations in multiple jurisdictions, an estimate of the range of reasonably possible outcomes cannot be made at this time, but the estimated effect on our income tax expense and net earnings is not expected to be significant.

Share Repurchase Programs

Share Repurchase Programs	3 Months Ended
	Mar. 31, 2016
Equity [Abstract]
Share Repurchase Programs	7. Share Repurchase Programs In February 2016, our Board of Directors authorized the repurchase of up to $50,000,000 of our common stock. During the three months ended March 31, 2016, we purchased 504,504 shares of our common stock on the open market at a total cost of approximately $13,461,000 (an average price of $26.68 per share). As of March 31, 2016, approximately $36,539,000 remains available for repurchases of our common stock. There is no stated expiration date of this repurchase program. Any share repurchases may be made on the open market, through block trades, through 10b5-1 plans or otherwise. The amount of shares purchased and the timing of the purchases will be based on working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. All shares repurchased during the three months ended March 31, 2016 were retired. During the comparative three months ended March 31, 2015, under previously authorized share repurchase programs, we purchased 1,468,218 shares of our common stock at a total cost of approximately $38,559,000 (an average price of $26.26 per share). All shares repurchased were retired.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Contractual In the ordinary course of business, we issue performance bonds to secure our performance under certain contracts or state tax requirements. As of March 31, 2016, we had approximately $2,108,000 of performance bonds outstanding. These bonds are issued on our behalf by a surety company on an unsecured basis; however, if the surety company is ever required to pay out under the bonds, we have contractually agreed to reimburse the surety company. Employment Contracts and Severance Plans We have employment contracts with, and plans covering, certain officers and management teammates under which severance payments would become payable in the event of specified terminations without cause or terminations under certain circumstances after a change in control. In addition, vesting of outstanding nonvested RSUs would accelerate following a change in control. If severance payments under the current employment agreements or plan payments were to become payable, the severance payments would generally range from three to twenty-four months of salary. Indemnifications From time to time, in the ordinary course of business, we enter into contractual arrangements under which we agree to indemnify either our clients or third-party service providers from certain losses incurred relating to services performed on our behalf or for losses arising from defined events, which may include litigation or claims relating to past performance. These arrangements include, but are not limited to, the indemnification of our clients for certain claims arising out of our performance under our sales contracts, the indemnification of our landlords for certain claims arising from our use of leased facilities and the indemnification of the lenders that provide our credit facilities for certain claims arising from their extension of credit to us. Such indemnification obligations may not be subject to maximum loss clauses. Management believes that payments, if any, related to these indemnifications are not probable at March 31, 2016. Accordingly, we have not accrued any liabilities related to such indemnifications in our consolidated financial statements. We have entered into separate indemnification agreements with certain of our executive officers and with each of our directors. These agreements require us, among other requirements, to indemnify such officers and directors against expenses (including attorneys’ fees), judgments and settlements incurred by such individual in connection with any action arising out of such individual’s status or service as our executive officer or director (subject to exceptions such as where the individual failed to act in good faith or in a manner the individual reasonably believed to be in, or not opposed to, the best interests of the Company) and to advance expenses incurred by such individual with respect to which such individual may be entitled to indemnification by us. There are no pending legal proceedings that involve the indemnification of any of the Company’s directors or officers. Contingencies Related to Third-Party Review From time to time, we are subject to potential claims and assessments from third parties. We are also subject to various governmental, client and partner audits. We continually assess whether or not such claims have merit and warrant accrual. Where appropriate, we accrue estimates of anticipated liabilities in the consolidated financial statements. Such estimates are subject to change and may affect our results of operations and our cash flows. Legal Proceedings From time to time, we are party to various legal proceedings arising in the ordinary course of business, including preference payment claims asserted in client bankruptcy proceedings, indemnification claims, claims of alleged infringement of patents, trademarks, copyrights and other intellectual property rights, claims of alleged non-compliance with contract provisions and claims related to alleged violations of laws and regulations. We regularly evaluate the status of the legal proceedings in which we are involved to assess whether a loss is probable or there is a reasonable possibility that a loss, or an additional loss, may have been incurred and determine if accruals are appropriate. If accruals are not appropriate, we further evaluate each legal proceeding to assess whether an estimate of possible loss or range of possible loss can be made for disclosure. Although litigation is inherently unpredictable, we believe that we have adequate provisions for any probable and estimable losses. It is possible, nevertheless, that our consolidated financial position, results of operations or liquidity could be materially and adversely affected in any particular period by the resolution of a legal proceeding. Legal expenses related to defense, negotiations, settlements, rulings and advice of outside legal counsel are expensed as incurred. The Company is not involved in any pending or threatened legal proceedings that it believes could reasonably be expected to have a material adverse effect on its business, financial condition or results of operations.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	9. Segment Information We operate in three reportable geographic operating segments: North America; EMEA; and APAC. Our offerings in North America and select countries in EMEA include IT hardware, software and services. Our offerings in the remainder of our EMEA segment and in APAC are largely software and select software-related services. Net sales by product or service type for North America, EMEA and APAC were as follows (in thousands): North America EMEA APAC Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, Sales Mix 2016 2015 2016 2015 2016 2015 Hardware $ 518,021 $ 505,252 $ 120,047 $ 145,984 $ 3,663 $ 1,926 Software 243,368 258,492 174,048 198,460 33,531 38,822 Services 65,499 58,965 9,265 10,398 1,540 1,380 $ 826,888 $ 822,709 $ 303,360 $ 354,842 $ 38,734 $ 42,128 All significant intercompany transactions are eliminated upon consolidation, and there are no differences between the accounting policies used to measure profit and loss for our segments or on a consolidated basis. Net sales are defined as net sales to external clients. None of our clients exceeded ten percent of consolidated net sales for the three months ended March 31, 2016 or 2015. A portion of our operating segments’ selling and administrative expenses arise from shared services and infrastructure that we have historically provided to them in order to realize economies of scale and to use resources efficiently. These expenses, collectively identified as corporate charges, include senior management expenses, internal audit, legal, tax, insurance services, treasury and other corporate infrastructure expenses. Charges are allocated to our operating segments, and the allocations have been determined on a basis that we considered to be a reasonable reflection of the utilization of services provided to or benefits received by the operating segments. The following tables present our results of operations by reportable operating segment for the periods indicated (in thousands): Three Months Ended March 31, 2016 North America EMEA APAC Consolidated Net sales $ 826,888 $ 303,360 $ 38,734 $ 1,168,982 Costs of goods sold 715,145 259,934 32,795 1,007,874 Gross profit 111,743 43,426 5,939 161,108 Operating expenses: Selling and administrative expenses 100,041 40,679 5,399 146,119 Severance and restructuring expenses 1,217 24 115 1,356 Earnings from operations $ 10,485 $ 2,723 $ 425 $ 13,633 Three Months Ended March 31, 2015 North America EMEA APAC Consolidated Net sales $ 822,709 $ 354,842 $ 42,128 $ 1,219,679 Costs of goods sold 711,193 310,031 36,642 1,057,866 Gross profit 111,516 44,811 5,486 161,813 Operating expenses: Selling and administrative expenses 92,402 42,757 5,637 140,796 Severance and restructuring expenses 405 318 — 723 Earnings (loss) from operations $ 18,709 $ 1,736 $ (151 ) $ 20,294 The following is a summary of our total assets by reportable operating segment (in thousands): March 31, December 31, 2015 North America $ 1,808,435 $ 1,999,485 EMEA 453,292 543,146 APAC 104,367 114,973 Corporate assets and intercompany eliminations, net (616,927 ) (643,587 ) Total assets $ 1,749,167 $ 2,014,017 We recorded the following pre-tax amounts, by reportable operating segment, for depreciation and amortization in the accompanying consolidated financial statements (in thousands): Three Months Ended March 31, 2016 2015 North America $ 8,062 $ 7,641 EMEA 1,902 1,685 APAC 216 216 Total $ 10,180 $ 9,542

Basis of Presentation and Rec16

Basis of Presentation and Recently Issued Accounting Standards (Policies)	3 Months Ended
	Mar. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In February 2016, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) 2016-02, “Leases” (Topic 842), which supersedes the lease recognition requirements in Accounting Standards Codification Topic 840, “Leases.” The core principal of the guidance is that an entity should recognize assets and liabilities arising from a lease for both financing and operating leases, along with additional qualitative and quantitative disclosures. The standard will be effective for fiscal years beginning after December 15, 2018, including interim periods within such fiscal years. Early adoption is permitted. The guidance is to be applied using a modified retrospective transition method with the option to elect a number of practical expedients. We are in the process of determining the effect that the adoption of ASU 2016-02 will have on our consolidated financial statements and disclosures and have not yet selected our planned transition approach or the timing of adoption. In March 2016, FASB issued ASU No. 2016-09, “Improvements to Employee Share-Based Payment Accounting” (Topic 718). This ASU simplifies the accounting for share-based payment transactions, including the income tax consequences, classification of awards as either equity or liabilities and classification on the statement of cash flows. This ASU requires that excess tax benefits and deficiencies be recognized as income tax benefit or expense in the income statement, and, therefore, we anticipate increased income tax expense volatility after adoption of this ASU. The guidance is effective in 2017 with early adoption permitted. We are currently evaluating the effect of this guidance on our financial statements and the timing of adoption. There have been no other material changes or additions to the recently issued accounting standards as previously reported in Note 1 to our Consolidated Financial Statements in Part II, Item 8 of our Annual Report on Form 10-K for the year ended December 31, 2015 that affect or may affect our financial statements.

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS") (Tables)	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Reconciliation of Denominators of Basic and Diluted EPS Calculations	A reconciliation of the denominators of the basic and diluted EPS calculations follows (in thousands, except per share data): Three Months Ended March 31, 2016 2015 Numerator: Net earnings $ 6,888 $ 10,951 Denominator: Weighted average shares used to compute basic EPS 37,075 39,673 Dilutive potential common shares due to dilutive RSUs, net of tax effect 311 321 Weighted average shares used to compute diluted EPS 37,386 39,994 Net earnings per share: Basic $ 0.19 $ 0.28 Diluted $ 0.18 $ 0.27

Debt, Capital Leases and Othe18

Debt, Capital Leases and Other Financing Obligations (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt consists of the following (in thousands): March 31, December 31, 2015 Senior revolving credit facility $ — $ — Accounts receivable securitization financing facility 140,000 89,000 Capital leases and other financing obligations 2,377 1,535 Total 142,377 90,535 Less: current portion of capital leases and other financing obligations (1,206 ) (1,535 ) Less: current portion of revolving credit facilities — — Long-term debt $ 141,171 $ 89,000

Severance and Restructuring A19

Severance and Restructuring Activities (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring and Related Activities [Abstract]
Activity Related to Resource Actions and Outstanding Obligation	The following table details the activity related to these resource actions for the three months ended March 31, 2016 and the outstanding obligations as of March 31, 2016 (in thousands): North America EMEA APAC Consolidated Balances at December 31, 2015 $ 505 $ 2,983 $ — $ 3,488 Severance costs, net of adjustments 1,217 24 115 1,356 Cash payments (253 ) (1,278 ) (66 ) (1,597 ) Foreign currency translation adjustments — 55 — 55 Balances at March 31, 2016 $ 1,469 $ 1,784 $ 49 $ 3,302

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Pre-tax Amounts by Operating Segment for Stock-Based Compensation	We recorded the following pre-tax amounts in selling and administrative expenses for stock-based compensation, by operating segment, in the accompanying consolidated financial statements (in thousands): Three Months Ended March 31, 2016 2015 North America $ 2,097 $ 1,731 EMEA 591 502 APAC 111 90 Total Consolidated $ 2,799 $ 2,323
Summary of Restricted Stock Units	The following table summarizes our RSU activity during the three months ended March 31, 2016: Number Weighted Average Fair Value Nonvested at January 1, 2016 951,784 $ 24.35 Granted (a) 421,356 25.82 Vested, including shares withheld to cover taxes (311,325 ) 23.48 $ 8,017,180 (b) Forfeited (5,218 ) 24.19 Nonvested at March 31, 2016 (a) 1,056,597 25.19 $ 30,260,938 (c) Expected to vest 930,483 $ 26,649,033 (c) (a) Includes 125,410 RSUs subject to remaining performance conditions. The number of RSUs subject to performance conditions are based on the Company achieving 100% of its 2016 targeted financial results. The number of RSUs ultimately awarded under the performance-based RSUs varies based on actual achieved financial results for 2016. (b) The aggregate fair value of vested RSUs represents the total pre-tax fair value, based on the closing stock price on the day of vesting, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date. (c) The aggregate fair value of the nonvested RSUs and the RSUs expected to vest represents the total pre-tax fair value, based on our closing stock price of $28.64 as of March 31, 2016, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Net Sales by Product or Service Type for North America, EMEA and APAC	Net sales by product or service type for North America, EMEA and APAC were as follows (in thousands): North America EMEA APAC Three Months Ended March 31, Three Months Ended March 31, Three Months Ended March 31, Sales Mix 2016 2015 2016 2015 2016 2015 Hardware $ 518,021 $ 505,252 $ 120,047 $ 145,984 $ 3,663 $ 1,926 Software 243,368 258,492 174,048 198,460 33,531 38,822 Services 65,499 58,965 9,265 10,398 1,540 1,380 $ 826,888 $ 822,709 $ 303,360 $ 354,842 $ 38,734 $ 42,128
Financial Information about Reportable Operating Segments	The following tables present our results of operations by reportable operating segment for the periods indicated (in thousands): Three Months Ended March 31, 2016 North America EMEA APAC Consolidated Net sales $ 826,888 $ 303,360 $ 38,734 $ 1,168,982 Costs of goods sold 715,145 259,934 32,795 1,007,874 Gross profit 111,743 43,426 5,939 161,108 Operating expenses: Selling and administrative expenses 100,041 40,679 5,399 146,119 Severance and restructuring expenses 1,217 24 115 1,356 Earnings from operations $ 10,485 $ 2,723 $ 425 $ 13,633 Three Months Ended March 31, 2015 North America EMEA APAC Consolidated Net sales $ 822,709 $ 354,842 $ 42,128 $ 1,219,679 Costs of goods sold 711,193 310,031 36,642 1,057,866 Gross profit 111,516 44,811 5,486 161,813 Operating expenses: Selling and administrative expenses 92,402 42,757 5,637 140,796 Severance and restructuring expenses 405 318 — 723 Earnings (loss) from operations $ 18,709 $ 1,736 $ (151 ) $ 20,294
Summary of Total Assets by Reportable Operating Segment	The following is a summary of our total assets by reportable operating segment (in thousands): March 31, December 31, 2015 North America $ 1,808,435 $ 1,999,485 EMEA 453,292 543,146 APAC 104,367 114,973 Corporate assets and intercompany eliminations, net (616,927 ) (643,587 ) Total assets $ 1,749,167 $ 2,014,017
Pre-Tax Depreciation and Amortization for Operating Segment	We recorded the following pre-tax amounts, by reportable operating segment, for depreciation and amortization in the accompanying consolidated financial statements (in thousands): Three Months Ended March 31, 2016 2015 North America $ 8,062 $ 7,641 EMEA 1,902 1,685 APAC 216 216 Total $ 10,180 $ 9,542

Basis of Presentation and Rec22

Basis of Presentation and Recently Issued Accounting Pronouncements - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Segment
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of operating segments	3
BlueMetal Architects, Inc. [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition, effective date of acquisition	Oct. 1, 2015

Net Earnings Per Share ("EPS"23

Net Earnings Per Share ("EPS") - Reconciliation of Denominators of Basic and Diluted EPS Calculations (Detail) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net earnings	$ 6,888	$ 10,951
Denominator:
Weighted average shares used to compute basic EPS	37,075	39,673
Dilutive potential common shares due to dilutive RSUs, net of tax effect	311	321
Weighted average shares used to compute diluted EPS	37,386	39,994
Net earnings per share:
Basic	$ 0.19	$ 0.28
Diluted	$ 0.18	$ 0.27

Net Earnings Per Share ("EPS"24

Net Earnings Per Share ("EPS") - Additional Information (Detail) - shares	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average outstanding restricted stock units excluded in the diluted EPS calculations	138,000	0

Debt, Capital Leases and Othe25

Debt, Capital Leases and Other Financing Obligations - Long-Term Debt (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Long-term debt
Senior revolving credit facility	$ 0	$ 0
Accounts receivable securitization financing facility	140,000	89,000
Capital leases and other financing obligations	2,377	1,535
Total	142,377	90,535
Total	142,377	90,535
Less: current portion of capital leases and other financing obligations	(1,206)	(1,535)
Less: current portion of revolving credit facilities	0	0
Long-term debt	$ 141,171	$ 89,000

Debt, Capital Leases and Othe26

Debt, Capital Leases and Other Financing Obligations - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Debt Instrument [Line Items]
Accounts receivable securitization financing facility	$ 140,000,000	$ 89,000,000
Capitalized lease term	36-month term
Senior Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 350,000,000
Maturity date	Apr. 26, 2017
ABS Facility [Member]
Debt Instrument [Line Items]
Maximum borrowing capacity	$ 200,000,000
Maturity date	Jun. 30, 2017
Amount of facility permitted by qualified receivables	$ 200,000,000
Accounts receivable securitization financing facility	$ 140,000,000
Senior Revolving Credit Facility and Asset Backed Securitization Facility [Member]
Debt Instrument [Line Items]
Maximum leverage ratio time adjusted earnings	2.75
Maximum combined borrowing capacity under senior revolving credit facility and ABS facility, accessible	$ 455,123,000
Maximum combined borrowing capacity under senior revolving credit facility and ABS facility	550,000,000
Outstanding borrowings at period end	$ 140,000,000

Severance and Restructuring A27

Severance and Restructuring Activities - Activity Related to Resource Actions and Outstanding Obligation (Detail) $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)
Restructuring Cost and Reserve [Line Items]
Beginning balance	$ 3,488
Severance costs, net of adjustments	1,356
Cash payments	(1,597)
Foreign currency translation adjustments	55
Ending balance	3,302
North America Segment [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	505
Severance costs, net of adjustments	1,217
Cash payments	(253)
Ending balance	1,469
EMEA Segment [Member]
Restructuring Cost and Reserve [Line Items]
Beginning balance	2,983
Severance costs, net of adjustments	24
Cash payments	(1,278)
Foreign currency translation adjustments	55
Ending balance	1,784
APAC Segment [Member]
Restructuring Cost and Reserve [Line Items]
Severance costs, net of adjustments	115
Cash payments	(66)
Ending balance	$ 49

Severance and Restructuring A28

Severance and Restructuring Activities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)
North America Segment [Member]
Restructuring Cost and Reserve [Line Items]
Reduction to severance and restructuring expenses	$ 4,000
EMEA Segment [Member]
Restructuring Cost and Reserve [Line Items]
Reduction to severance and restructuring expenses	$ 63,000

Stock-Based Compensation - Pre-

Stock-Based Compensation - Pre-tax Amounts by Operating Segment for Stock-Based Compensation (Detail) - Restricted Stock Units (RSUs) [Member] - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 2,799	$ 2,323
Selling and Administrative Expenses [Member] | North America Segment [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	2,097	1,731
Selling and Administrative Expenses [Member] | EMEA Segment [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	591	502
Selling and Administrative Expenses [Member] | APAC Segment [Member]
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 111	$ 90

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2016USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost related to RSU's not yet recognized	$ 22,961,000
Weighted average number of years for recognition of outstanding nonvested RSUs	1 year 5 months 16 days

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Units (Detail) - Restricted Stock Units (RSUs) [Member]	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Number, Beginning balance	951,784
Number, Granted	421,356
Number, Vested, including shares withheld to cover taxes	(311,325)
Number, Forfeited	(5,218)
Nonvested Number, Ending balance	1,056,597
Number, Expected to vest	930,483
Nonvested Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 24.35
Weighted Average Grant Date Fair Value, Granted | $ / shares	25.82
Weighted Average Grant Date Fair Value, Vested, including shares withheld to cover taxes | $ / shares	23.48
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	24.19
Nonvested Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 25.19
Fair Value, Vested, including shares withheld to cover taxes | $	$ 8,017,180
Fair Value, Nonvested at end of period | $	30,260,938
Fair Value, Expected to vest | $	$ 26,649,033

Stock-Based Compensation - Su32

Stock-Based Compensation - Summary of Restricted Stock Units (Parenthetical) (Detail)	3 Months Ended
	Mar. 31, 2016$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price | $ / shares	$ 28.64
Performance Based Restricted Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total RSUs | shares	125,410

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax [Line Items]
Effective tax rate	38.20%	38.40%
United States federal statutory income tax rate	35.00%	35.00%
Unrecognized tax benefits	$ 3,490,000		$ 3,335,000
Unrecognized tax benefits, interest on income taxes accrued	$ 330,000		$ 296,000
Period during which examination phase of tax audits may conclude, description	Although the timing of the resolutions and/or closures of audits is highly uncertain, it is reasonably possible that the examination phase of these audits may be concluded within the next 12 months, which could significantly increase or decrease the balance of our gross unrecognized tax benefits.
Earliest Tax Year [Member]
Income Tax [Line Items]
Open tax year	2,006
Latest Tax Year [Member]
Income Tax [Line Items]
Open tax year	2,014

Share Repurchase Programs - Add

Share Repurchase Programs - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Feb. 29, 2016
Equity [Abstract]
Common stock repurchase program, authorized amount			$ 50,000,000
Common stock shares repurchased	504,504	1,468,218
Repurchased shares of common stock, total cost	$ 13,461,000	$ 38,559,000
Repurchase shares of common stock, average cost per share	$ 26.68	$ 26.26
Remaining authorized repurchase amount	$ 36,539,000

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016USD ($)
Commitments and Contingencies Disclosure [Abstract]
Other commitment, Performance bonds outstanding	$ 2,108,000
Number of months of salary paid as severance	From three to twenty-four months

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Segment
Segment Reporting [Abstract]
Number of operating segments	3
Description of major customers net sales	None of our clients exceeded ten percent of consolidated net sales for the three months ended March 31, 2016 or 2015.

Segment Information - Net Sales

Segment Information - Net Sales by Product or Service Type for North America, EMEA and APAC (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenue from External Customer [Line Items]
Revenues from external customers	$ 1,168,982	$ 1,219,679
North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	826,888	822,709
North America Segment [Member] | Hardware Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	518,021	505,252
North America Segment [Member] | Software Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	243,368	258,492
North America Segment [Member] | Services Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	65,499	58,965
EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	303,360	354,842
EMEA Segment [Member] | Hardware Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	120,047	145,984
EMEA Segment [Member] | Software Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	174,048	198,460
EMEA Segment [Member] | Services Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	9,265	10,398
APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	38,734	42,128
APAC Segment [Member] | Hardware Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	3,663	1,926
APAC Segment [Member] | Software Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	33,531	38,822
APAC Segment [Member] | Services Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	$ 1,540	$ 1,380

Segment Information - Financial

Segment Information - Financial Information about Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Net sales	$ 1,168,982	$ 1,219,679
Costs of goods sold	1,007,874	1,057,866
Gross profit	161,108	161,813
Operating expenses:
Selling and administrative expenses	146,119	140,796
Severance and restructuring expenses	1,356	723
Earnings (loss) from operations	13,633	20,294
North America Segment [Member]
Segment Reporting Information [Line Items]
Net sales	826,888	822,709
Costs of goods sold	715,145	711,193
Gross profit	111,743	111,516
Operating expenses:
Selling and administrative expenses	100,041	92,402
Severance and restructuring expenses	1,217	405
Earnings (loss) from operations	10,485	18,709
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Net sales	303,360	354,842
Costs of goods sold	259,934	310,031
Gross profit	43,426	44,811
Operating expenses:
Selling and administrative expenses	40,679	42,757
Severance and restructuring expenses	24	318
Earnings (loss) from operations	2,723	1,736
APAC Segment [Member]
Segment Reporting Information [Line Items]
Net sales	38,734	42,128
Costs of goods sold	32,795	36,642
Gross profit	5,939	5,486
Operating expenses:
Selling and administrative expenses	5,399	5,637
Severance and restructuring expenses	115
Earnings (loss) from operations	$ 425	$ (151)

Segment Information - Summary o

Segment Information - Summary of Total Assets by Reportable Operating Segment (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 1,749,167	$ 2,014,017
Operating Segments [Member] | North America Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	1,808,435	1,999,485
Operating Segments [Member] | EMEA Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	453,292	543,146
Operating Segments [Member] | APAC Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	104,367	114,973
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ (616,927)	$ (643,587)

Segment Information - Pre-Tax D

Segment Information - Pre-Tax Depreciation and Amortization for Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 10,180	$ 9,542
North America Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	8,062	7,641
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	1,902	1,685
APAC Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization	$ 216	$ 216