Insight Enterprises (NSIT) 10-Q 6 Aug 20 2020 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2020	Aug. 03, 2020
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Trading Symbol	NSIT
Entity Registrant Name	INSIGHT ENTERPRISES, INC.
Entity Central Index Key	0000932696
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Current Fiscal Year End Date	--12-31
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Common Stock, Shares Outstanding		35,071,429
Entity File Number	0-25092
Entity Tax Identification Number	86-0766246
Entity Address, Address Line One	6820 South Harl Avenue
Entity Address, City or Town	Tempe
Entity Address, State or Province	AZ
Entity Address, Postal Zip Code	85283
City Area Code	480
Local Phone Number	333-3000
Entity Incorporation, State or Country Code	DE
Title of 12(b) Security	Common stock, par value $0.01
Security Exchange Name	NASDAQ
Document Quarterly Report	true
Document Transition Report	false

Consolidated Balance Sheets (un

Consolidated Balance Sheets (unaudited) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Current assets:
Cash and cash equivalents	$ 153,866	$ 114,668
Accounts receivable, net of allowance for doubtful accounts of $13,017 and $10,762, respectively	2,677,564	2,511,383
Inventories	212,980	190,833
Other current assets	220,080	231,148
Total current assets	3,264,490	3,048,032
Property and equipment, net of accumulated depreciation and amortization of $241,826 and $236,330, respectively	127,490	130,907
Goodwill	415,897	415,149
Intangible assets, net of accumulated amortization of $93,462 and $73,492, respectively	261,254	278,584
Other assets	272,347	305,507
Total assets	4,341,478	4,178,179
Current liabilities:
Accounts payable—trade	1,796,918	1,275,957
Accounts payable—inventory financing facilities	261,133	253,676
Accrued expenses and other current liabilities	371,401	352,204
Current portion of long-term debt	1,509	1,691
Total current liabilities	2,430,961	1,883,528
Long-term debt	435,955	857,673
Deferred income taxes	43,880	44,633
Other liabilities	223,326	232,027
Total liabilities	3,134,122	3,017,861
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; 35,070 shares at June 30, 2020 and 35,263 shares at December 31, 2019 issued and outstanding	351	353
Additional paid-in capital	354,431	357,032
Retained earnings	900,950	841,097
Accumulated other comprehensive loss – foreign currency translation adjustments	(48,376)	(38,164)
Total stockholders’ equity	1,207,356	1,160,318
Total liabilities and stockholders' equity	$ 4,341,478	$ 4,178,179

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Statement Of Financial Position [Abstract]
Allowance for doubtful accounts receivable	$ 13,017	$ 10,762
Accumulated depreciation and amortization of property and equipment	241,826	236,330
Accumulated amortization of intangible assets	$ 93,462	$ 73,492
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	35,070,000	35,263,000
Common stock, shares outstanding	35,070,000	35,263,000

Consolidated Statements of Oper

Consolidated Statements of Operations (unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Net sales:
Total net sales	$ 1,968,735	$ 1,836,021	$ 4,112,786	$ 3,521,487
Costs of goods sold:
Total costs of goods sold	1,644,346	1,560,572	3,463,061	2,997,566
Gross profit	324,389	275,449	649,725	523,921
Operating expenses:
Selling and administrative expenses	242,580	199,489	511,443	390,552
Severance and restructuring expenses	7,010	680	9,154	1,050
Acquisition and integration related expenses	611	3,163	2,077	3,163
Earnings from operations	74,188	72,117	127,051	129,156
Non-operating (income) expense:
Interest expense, net	10,219	4,335	22,045	8,887
Other (income) expense, net	1,098	346	(465)	1,396
Earnings before income taxes	62,871	67,436	105,471	118,873
Income tax expense	16,486	17,438	25,125	29,548
Net earnings	$ 46,385	$ 49,998	$ 80,346	$ 89,325
Net earnings per share:
Basic	$ 1.32	$ 1.40	$ 2.29	$ 2.50
Diluted	$ 1.32	$ 1.38	$ 2.27	$ 2.47
Shares used in per share calculations:
Basic	35,060	35,772	35,147	35,691
Diluted	35,260	36,111	35,453	36,107
Products [Member]
Net sales:
Total net sales	$ 1,672,933	$ 1,594,335	$ 3,521,249	$ 3,061,007
Costs of goods sold:
Total costs of goods sold	1,517,947	1,458,916	3,188,185	2,796,224
Services [Member]
Net sales:
Total net sales	295,802	241,686	591,537	460,480
Costs of goods sold:
Total costs of goods sold	$ 126,399	$ 101,656	$ 274,876	$ 201,342

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income (unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement Of Income And Comprehensive Income [Abstract]
Net earnings	$ 46,385	$ 49,998	$ 80,346	$ 89,325
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments	7,619	(290)	(10,212)	1,625
Total comprehensive income	$ 54,004	$ 49,708	$ 70,134	$ 90,950

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (unaudited) - USD ($) shares in Thousands, $ in Thousands	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Other Comprehensive Loss [Member]	Retained Earnings [Member]
Beginning Balance at Dec. 31, 2018	$ 986,989	$ 355		$ 323,622	$ (41,653)	$ 704,665
Beginning Balance, Shares at Dec. 31, 2018		35,482
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(6,153)	$ 3		(6,156)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		299
Stock-based compensation expense	7,797			7,797
Foreign currency translation adjustments, net of tax	1,625				1,625
Net earnings	89,325					89,325
Ending Balance at Jun. 30, 2019	1,079,583	$ 358		325,263	(40,028)	793,990
Ending Balance, Shares at Jun. 30, 2019		35,781
Beginning Balance at Mar. 31, 2019	1,026,218	$ 358		321,606	(39,738)	743,992
Beginning Balance, Shares at Mar. 31, 2019		35,761
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(25)			(25)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		20
Stock-based compensation expense	3,682			3,682
Foreign currency translation adjustments, net of tax	(290)				(290)
Net earnings	49,998					49,998
Ending Balance at Jun. 30, 2019	1,079,583	$ 358		325,263	(40,028)	793,990
Ending Balance, Shares at Jun. 30, 2019		35,781
Beginning Balance at Dec. 31, 2019	1,160,318	$ 353		357,032	(38,164)	841,097
Beginning Balance, Shares at Dec. 31, 2019		35,263
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(5,337)	$ 3		(5,339)		(1)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		252
Stock-based compensation expense	7,241			7,241
Repurchase of treasury stock	(25,000)		$ (25,000)
Repurchase of treasury stock, Shares			(445)
Retirement of treasury stock, Amount		$ (5)	$ 25,000	(4,503)		(20,492)
Retirement of treasury stock, Shares		(445)	445
Foreign currency translation adjustments, net of tax	(10,212)				(10,212)
Net earnings	80,346					80,346
Ending Balance at Jun. 30, 2020	1,207,356	$ 351		354,431	(48,376)	900,950
Ending Balance, Shares at Jun. 30, 2020		35,070
Beginning Balance at Mar. 31, 2020	1,150,569	$ 350		351,648	(55,995)	854,566
Beginning Balance, Shares at Mar. 31, 2020		35,049
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Value	(49)	$ 1		(49)		(1)
Issuance of common stock under employee stock plans, net of shares withheld for payroll taxes, Shares		21
Stock-based compensation expense	2,832			2,832
Foreign currency translation adjustments, net of tax	7,619				7,619
Net earnings	46,385					46,385
Ending Balance at Jun. 30, 2020	$ 1,207,356	$ 351		$ 354,431	$ (48,376)	$ 900,950
Ending Balance, Shares at Jun. 30, 2020		35,070

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Cash flows from operating activities:
Net earnings	$ 80,346	$ 89,325
Adjustments to reconcile net earnings to net cash provided by operating activities:
Depreciation and amortization	34,623	17,626
Provision for losses on accounts receivable	6,570	2,346
Non-cash stock-based compensation	7,241	7,797
Deferred income taxes	(1,464)	1,180
Amortization of debt discount	8,002
Other adjustments	2,829	2,350
Changes in assets and liabilities:
Increase in accounts receivable	(182,511)	(354,717)
Increase in inventories	(26,647)	(33,359)
Decrease (increase) in other assets	46,088	(93,714)
Increase in accounts payable	529,742	448,682
(Decrease) increase in accrued expenses and other liabilities	(7,290)	95,022
Net cash provided by operating activities	497,529	182,538
Cash flows from investing activities:
Proceeds from sale of assets held for sale	14,218
Purchases of property and equipment	(14,494)	(10,584)
Acquisitions, net of cash and cash equivalents acquired	(6,406)	(3,362)
Net cash used in investing activities	(6,682)	(13,946)
Cash flows from financing activities:
Borrowings on senior revolving credit facility		89,936
Repayments on senior revolving credit facility		(89,936)
Borrowings on accounts receivable securitization financing facility		1,919,500
Repayments on accounts receivable securitization financing facility		(2,068,500)
Net borrowings (repayments) under inventory financing facilities	7,457	(43,240)
Repurchases of common stock	(25,000)
Other payments	(6,791)	(6,757)
Net cash used in financing activities	(450,576)	(198,997)
Foreign currency exchange effect on cash, cash equivalents and restricted cash balances	(814)	(183)
Increase (decrease) in cash, cash equivalents and restricted cash	39,457	(30,588)
Cash, cash equivalents and restricted cash at beginning of period	116,297	144,293
Cash, cash equivalents and restricted cash at end of period	155,754	$ 113,705
ABL Facility [Member]
Cash flows from financing activities:
Borrowings on senior revolving credit facility	1,381,179
Repayments on senior revolving credit facility	$ (1,807,421)

Basis of Presentation and Recen

Basis of Presentation and Recently Issued Accounting Standards	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Basis of Presentation and Recently Issued Accounting Standards	1. Basis of Presentation and Rece ntly Issued Accounting Standards We empower organizations of all sizes with Intelligent Technology Solutions TM Operating Segment Geography North America United States and Canada EMEA Europe, Middle East and Africa APAC Asia-Pacific Our offerings in North America and certain countries in EMEA and APAC include hardware, software and services. Our offerings in the remainder of our EMEA and APAC segments consist of largely software and certain 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 June 30, 2020 and our results of operations for the three and six months ended June 30, 2020 and 2019 and cash flows for the six months ended June 30, 2020 and 2019. The consolidated balance sheet as of December 31, 2019 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 SEC 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, 2019. Our results of operations include the results of PCM, Inc. (“PCM”) from its acquisition date of August 30, 2019 and vNext from its acquisition date of February 28, 2020. 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. 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 December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes.” The new standard is intended to simplify various aspects of accounting for income taxes by removing specific exceptions and amending certain requirements. The new standard is effective for interim and annual periods beginning after December 15, 2020, and early adoption is permitted. We do not expect this new standard to have a material effect on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses.” The new standard is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held at each reporting date. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” The new standard update provides changes for how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses. In November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” The new standard update provides amendments to the reporting of expected recoveries. We adopted these new standards as of January 1, 2020. The adoption of these new standards did not have a material effect on our consolidated financial statements. There have been no other material changes in 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, 2019 that affect or may affect our current financial statements.

Sales Recognition

Sales Recognition	6 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Sales Recognition	2 . Sales Recognition In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by Three Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,023,970 $ 153,255 $ 6,834 $ 1,184,059 Software 286,202 186,781 15,891 488,874 Services 228,975 51,981 14,846 295,802 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Major Client Groups Large Enterprise / Corporate $ 1,023,562 $ 273,147 $ 16,102 $ 1,312,811 Small and Medium-Sized Businesses 332,384 13,178 15,562 361,124 Public Sector 183,201 105,692 5,907 294,800 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,451,922 $ 359,206 $ 31,063 $ 1,842,191 Net revenue recognition (Agent) 87,225 32,811 6,508 126,544 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Three Months Ended June 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 935,792 $ 142,951 $ 9,979 $ 1,088,722 Software 289,874 190,086 25,653 505,613 Services 179,841 46,137 15,708 241,686 $ 1,405,507 $ 379,174 $ 51,340 $ 1,836,021 Major Client Groups Large Enterprise / Corporate $ 1,071,611 $ 281,013 $ 16,785 $ 1,369,409 Small and Medium-Sized Businesses 177,515 19,818 19,459 216,792 Public Sector 156,381 78,343 15,096 249,820 $ 1,405,507 $ 379,174 $ 51,340 $ 1,836,021 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,338,948 $ 347,336 $ 43,284 $ 1,729,568 Net revenue recognition (Agent) 66,559 31,838 8,056 106,453 $ 1,405,507 $ 379,174 $ 51,340 $ 1,836,021 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,152,456 $ 328,224 $ 14,580 $ 2,495,260 Software 591,365 387,863 46,761 1,025,989 Services 469,707 94,816 27,014 591,537 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Major Client Groups Large Enterprise / Corporate $ 2,184,310 $ 565,435 $ 29,127 $ 2,778,872 Small and Medium-Sized Businesses 718,460 30,920 29,216 778,596 Public Sector 310,758 214,548 30,012 555,318 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,052,436 $ 751,465 $ 76,817 $ 3,880,718 Net revenue recognition (Agent) 161,092 59,438 11,538 232,068 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Six Months Ended June 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,684,129 $ 314,476 $ 16,497 $ 2,015,102 Software 611,953 373,234 60,718 1,045,905 Services 351,866 81,639 26,975 460,480 $ 2,647,948 $ 769,349 $ 104,190 $ 3,521,487 Major Client Groups Large Enterprise / Corporate $ 2,048,452 $ 541,620 $ 30,092 $ 2,620,164 Small and Medium-Sized Businesses 345,998 40,320 32,848 419,166 Public Sector 253,498 187,409 41,250 482,157 $ 2,647,948 $ 769,349 $ 104,190 $ 3,521,487 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 2,521,026 $ 714,501 $ 91,150 $ 3,326,677 Net revenue recognition (Agent) 126,922 54,848 13,040 194,810 $ 2,647,948 $ 769,349 $ 104,190 $ 3,521,487 The following table provides information about receivables and contract liabilities as of June 30, 2020 and December 31, 2019 (in thousands): June 30, December 31, 2020 2019 Current receivables, which are included in “Accounts receivable, net” $ 2,677,564 $ 2,511,383 Non-current receivables, which are included in “Other assets” 107,386 154,417 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 91,483 84,814 C hanges in the contract liabilities balances during the six months ended June 30, 2020 are as follows (in thousands): Increase (Decrease) Contract Liabilities Balances at December 31, 2019 $ 84,814 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (32,682 ) Cash received in advance and not recognized as revenue 39,351 Balances at June 30, 2020 $ 91,483 The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2020 that are expected to be recognized in the future (in thousands): Services Remainder of 2020 $ 81,917 2021 50,477 2022 22,765 2023 and thereafter 14,398 Total remaining performance obligations $ 169,557 With the exception of remaining performance obligations associated with our OneCall Support Services contracts which are included in the table above regardless of original duration, r emaining performance obligations that have original expected durations of one year or less are not included in the table above. Amounts not included in the table above have an average original expected duration of eight months. The majority of our backlog historically has been and continues to be open cancelable purchase orders. We do not believe that backlog as of any particular date is predictive of future results, therefore we do not include performance obligations under open cancelable purchase orders, which do not qualify for revenue recognition, in the table above.

Assets Held for Sale

Assets Held for Sale	6 Months Ended
	Jun. 30, 2020
Property Plant And Equipment Assets Held For Sale Disclosure [Abstract]
Assets Held For Sale	3. Assets Held for Sale During 2019, we completed the purchase of real estate in Chandler, Arizona that we intend to use as our global corporate headquarters. During the fourth quarter of 2019, properties in Tempe, Arizona, El Segundo and Santa Monica, California and Woodbridge, Illinois were classified as held for sale, for approximately $68,916,000, which is included in other current assets in the accompanying consolidated balance sheet as of June 30, 2020, as we look to sell current properties in preparation for our move to Chandler. During the first quarter of 2020, we completed the sale of our property in Irvine, California for approximately $14,218,000

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS")	6 Months Ended
	Jun. 30, 2020
Earnings Per Share [Abstract]
Net Earnings Per Share ("EPS")	4 . 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net earnings $ 46,385 $ 49,998 $ 80,346 $ 89,325 Denominator: Weighted average shares used to compute basic EPS 35,060 35,772 35,147 35,691 Dilutive potential common shares due to dilutive RSUs, net of tax effect 200 339 306 416 Weighted average shares used to compute diluted EPS 35,260 36,111 35,453 36,107 Net earnings per share: Basic $ 1.32 $ 1.40 $ 2.29 $ 2.50 Diluted $ 1.32 $ 1.38 $ 2.27 $ 2.47 For the three and six months ended June 30, 2020, 400,000 and 243,000, respectively, of our RSUs were not included in the diluted EPS calculations because their inclusion would have been anti-dilutive. These share-based awards could be dilutive in the future. There were 1,000 and 83,000 anti-dilutive RSUs for the three and six months ended June 30, 2019, respectively.

Debt, Inventory Financing Facil

Debt, Inventory Financing Facility, Finance Leases and Other Financing Obligations	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations	5 . Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations Debt Our long-term debt consists of the following (in thousands): June 30, 2020 December 31, 2019 ABL revolving credit facility $ 144,000 $ 570,706 Convertible senior notes due 2025 290,551 284,836 Finance leases and other financing obligations 2,913 3,822 Total 437,464 859,364 Less: current portion of long-term debt (1,509 ) (1,691 ) Long-term debt $ 435,955 $ 857,673 On August 30, 2019, we entered into a credit agreement (the “credit agreement”) providing for a senior secured revolving credit facility (the “ABL facility”), which has an aggregate U.S. dollar equivalent maximum borrowing amount of $1,200,000,000, including a maximum borrowing capacity that could be used for borrowing in certain foreign currencies of $150,000,000. While the ABL facility has a stated maximum amount, the actual availability under the ABL facility is limited by specified percentages of eligible accounts receivable and certain eligible inventory, in each case as set forth in the credit agreement. From time to time and at our option, we may request to increase the aggregate amount available for borrowing under the ABL facility by up to an aggregate of the U.S. dollar equivalent of $500,000,000, subject to customary conditions, including receipt of commitments from lenders. The ABL facility is guaranteed by certain of our material subsidiaries and is secured by a lien on certain of our assets and certain of each other borrower’s and each guarantor’s assets. The interest rates applicable to borrowings under the ABL facility are based on the average aggregate excess availability under the ABL facility as set forth on a pricing grid in the credit agreement. The ABL facility matures on August 30, 2024. As of June 30, 2020, eligible accounts receivable and inventory were sufficient to permit access to the full $1,200,000,000 facility amount, of which $144,000,000 was outstanding. The ABL facility contains customary affirmative and negative covenants and events of default. If a default occurs (subject to customary grace periods and materiality thresholds) under the credit agreement, certain actions may be taken, including, but not limited to, possible termination of commitments and required payment of all outstanding principal amounts plus accrued interest and fees payable under the credit agreement. Convertible Senior Notes due 2025 On August 15, 2019, we issued $300,000,000 aggregate principal amount of convertible senior notes (the “notes”) that mature on February 15, 2025. On August 23, 2019, we issued an additional $50,000,000 aggregate principal amount of the notes pursuant to the exercise in full by the initial purchasers of the notes of their option to purchase additional notes. The notes bear interest at an annual rate of 0.75% payable semiannually, in arrears, on February 15 th th Holders of the notes may convert their notes at their option at any time prior to the close of business on the business day immediately preceding June 15, 2024, under the following circumstances: (1) during any calendar quarter commencing after the calendar quarter ending on December 31, 2019 (and only during such calendar quarter), if the last reported sale price of our common stock for at least 20 trading days (whether or not consecutive) during a period of 30 consecutive trading days ending on, and including, the last trading day of the immediately preceding calendar quarter is greater than or equal to 130 % of the conversion price on each applicable trading day; (2) during the five business day period after any five consecutive trading day period (the “measurement period”) in which the trading price of our common stock per $ 1,000 principal amount of notes for each trading day of the measurement period was less than 98 % of the product of the last reported sale price of our common stock and the conversion rate on each such trading day; (3) if we call any or all of the notes for redemption, at any time prior to the close of business on the second scheduled trading day immediately preceding the redemption date; or (4) upon the occurrence of specified corporate events. On or after June 15, 2024 until the close of business on the second scheduled trading day immediately preceding the maturity date, the holders may convert their notes at any time, regardless of the foregoing circumstances. Upon conversion, we will pay or deliver cash, shares of our common stock or a combination of the two, at our discretion. The conversion rate will initially be 14.6376 shares of common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $68.32 per share of common stock). The conversion rate is subject to change in certain circumstances and will not be adjusted for any accrued and unpaid interest. In addition, following certain events that occur prior to the maturity date or following our issuance of a notice of redemption, the conversion rate is subject to an increase for a holder who elects to convert their notes in connection with those events or during the related redemption period in certain circumstances. If we undergo a fundamental change, the holders may require us to repurchase for cash all or any portion of their notes at a fundamental change repurchase price equal to 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date. As of June 30, 2020, none of the criteria for a fundamental change or a conversion rate adjustment had been met. The maximum number of shares issuable upon conversion, including the effect of a fundamental change and subject to other conversion rate adjustments, would be 6,788,208. We may redeem for cash all or any portion of the notes, at our option, on or after August 20, 2022 if the last reported sale price of our common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which we provide notice of redemption at a redemption price equal to 100% of the then outstanding principal amount of the notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the notes. The notes are subject to certain customary events of default and acceleration clauses. As of June 30, 2020, no such events have occurred. The notes consist of the following balances reported within the consolidated balance sheet as of June 30, 2020 (in thousands): Liability: Principal $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (59,449 ) Net carrying amount $ 290,551 Equity, net of deferred tax $ 44,731 The remaining life of the debt discount and issuance cost accretion is approximately 4.625 years. The effective interest rate on the liability component of the notes is 4.325%. I nterest expense resulting from the notes reported within the consolidated statement of operations for the three and six months ended June 30, 2020 is made up of contractual coupon interest, amortization of debt discount and amortization of debt issuance costs. Convertible Note Hedge and Warrant Transaction In connection with the issuance of the notes, we entered into certain convertible note hedge and warrant transactions (the “Call Spread Transactions”) with respect to the Company’s common stock. The convertible note hedge consists of an option to purchase up to 5,123,160 common stock shares at a price of $68.32 per share. The hedge expires on February 15, 2025 and can only be concurrently executed upon the conversion of the notes. We paid approximately $66,325,000 for the convertible note hedge transaction. Additionally, we sold warrants to purchase 5,123,160 shares of common stock at a price of $103.12 per share. The warrants expire on May 15, 2025 and can only be exercised at maturity. The Company received aggregate proceeds of approximately $34,440,000 for the sale of the warrants. The Call Spread Transactions have no effect on the terms of the notes and reduce potential dilution by effectively increasing the initial conversion price of the notes to $103.12 per share of the Company’s common stock. Inventory Financing Facilities During the first quarter of 2020, we increased our maximum availability for vendor purchases under our unsecured inventory financing facility with MUFG Bank Ltd (“MUFG”) from $200,000,000 to $240,000,000. We also have an unsecured inventory financing facility with Wells Fargo Capital Finance, LLC (“Wells Fargo”) with an aggregate availability for vendor purchases under the facility of $250,000,000. Finance Lease and Other Financing From time to time, we enter into finance leases and other financing agreements with financial intermediaries to facilitate the purchase of products from certain vendors The current and long-term portions of our finance leases and other financing obligations are included in the current and long-term portions of long-term debt in the table above and in our consolidated balance sheets as of June 30, 2020 and December 31, 2019. See Note 6 for additional information.

Leases

Leases	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Leases	6 . Leases We lease office space, distribution centers, land, vehicles and equipment. Lease agreements with an initial term of 12 months or less are not recorded on the balance sheet; we recognize lease expense for these leases on a straight-line basis over the lease term. Certain lease agreements include one or more options to renew, with renewal terms that can extend the lease term from one to five years The exercise of lease renewal options is at our sole discretion. Certain of our lease agreements include rental payments adjusted periodically for inflation. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. The following table provides information about the financial statement classification of our lease balances reported within the consolidated balance sheets as of June 30, 2020 and December 31, 2019 (in thousands): Leases Classification June 30, 2020 December 31, 2019 Assets Operating lease assets Other assets $ 85,718 $ 74,684 Finance lease assets Property and equipment (a) 2,649 3,297 Total lease assets $ 88,367 $ 77,981 Liabilities Current Operating lease liabilities Accrued expenses and other current liabilities $ 20,685 $ 19,648 Finance lease liabilities Current portion of long-term debt 1,509 1,691 Non-current Operating lease liabilities Other liabilities 71,159 60,285 Finance lease liabilities Long-term debt 1,404 2,131 Total lease liabilities $ 94,757 $ 83,755 (a) Recorded net of accumulated amortization of $1,509,000 and $861,000 as of June 30, 2020 and December 31, 2019, respectively. The following table provides information about the financial statement classification of our lease expenses reported within the consolidated statement of operations for the three and six months ended June 30, 2020 (in thousands): Lease cost Classification Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Operating lease cost (a) (b) Selling and administrative expenses $ 6,438 $ 12,952 Finance lease cost Amortization of leased assets Selling and administrative expenses 324 648 Interest on lease liabilities Interest expense, net 28 60 Total lease cost $ 6,790 $ 13,660 (a) Includes immaterial amounts recorded to cost of goods sold. (b) Excludes short-term and variable lease costs, which are immaterial. Future minimum lease payments under non-cancelable leases as of June 30, 2020 are as follows (in thousands): Operating leases Finance leases Total Remainder of 2020 $ 12,058 $ 827 $ 12,885 2021 21,736 1,077 22,813 2022 18,802 645 19,447 2023 13,209 449 13,658 2024 8,270 45 8,315 After 2024 28,769 — 28,769 Total lease payments 102,844 3,043 105,887 Less: Interest (11,000 ) (130 ) (11,130 ) Present value of lease liabilities $ 91,844 $ 2,913 $ 94,757 Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised. The following table provides information about the remaining lease terms and discount rates applied as of June 30, 2020: June 30, 2020 June 30, 2019 Weighted average remaining lease term (years) Operating leases 6.23 6.56 Finance leases 2.58 1.94 Weighted average discount rate (%) Operating leases 3.45 3.86 Finance leases 3.54 4.84 The following table provides other information related to leases for the three and six months ended June 30, 2020 (in thousands): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,502 $ 13,084 Leased assets obtained in exchange for new operating lease liabilities $ 1,307 $ 22,601

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	7. 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 North America $ 1,995 $ 2,740 $ 5,385 $ 5,863 EMEA $ 704 814 1,582 1,684 APAC $ 133 128 274 250 Total Consolidated $ 2,832 $ 3,682 $ 7,241 $ 7,797 As of June 30, 2020, total compensation cost related to nonvested RSUs not yet recognized is $28,105,491, which is expected to be recognized over the next 1.43 years on a weighted-average basis. The following table summarizes our RSU activity during the six months ended June 30, 2020: Number Weighted Average Grant Date Fair Value Fair Value Nonvested at January 1, 2020 923,400 $ 45.58 Granted (a) 321,550 57.78 Vested, including shares withheld to cover taxes (342,202 ) 41.85 $ 14,321,154 (b) Forfeited (68,561 ) 57.74 Nonvested at June 30, 2020 (a) 834,187 51.31 $ 41,042,000 (c) (a) Includes 92,315 RSUs subject to remaining performance conditions. The number of RSUs subject to performance conditions are based on the Company achieving 100% of its 2020 targeted financial results. We currently estimate that these RSUs will be awarded at 0% this annual period based on not meeting the 2020 performance targets. ( 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 $49.20 as of June 30, 2020, which would have been received by holders of RSUs had all such holders sold their underlying shares on that date.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2020
Income Tax Disclosure [Abstract]
Income Taxes	8 . Income Taxes Our effective tax rate for the three and six months ended June 30, 2020 was 26.2% and 23.8%, respectively. For the three months ended June 30, 2020, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes, net of federal benefit, and higher taxes on earnings in foreign jurisdictions partially offset by the recognition of tax benefits related to research and development activities. For the six months ended June 30, 2020, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes, net of federal benefit, and higher taxes on earnings in foreign jurisdictions, partially offset by the remeasurement of acquired net operating losses under the CARES Act and the recognition of tax benefits related to research and development activities. Our effective tax rate for the three and six months ended June 30, 2019 was 25.9% and 24.9%, respectively. For the three months ended June 30, 2019, our effective tax rate was higher than the United States federal statutory rate of 21.0% due primarily to state income taxes, net of federal benefit, higher taxes on earnings in foreign jurisdictions, and the effect of non-deductible acquisition-related expenses partially offset by excess tax benefits on the settlement of employee share-based compensation and tax benefits related to research and development activities As of June 30, 2020, and December 31, 2019, we had approximately $10,682,000 and $9,736,000, respectively, of unrecognized tax benefits. Of these amounts, approximately $601,000 and $442,000, respectively, related to accrued interest. In the future, if recognized, the liability associated with uncertain tax positions would affect our effective tax rate. We do not believe there will be any changes over the next 12 months that would have a material effect on our effective tax rate. Several of our subsidiaries are currently under audit for tax years 2013 through 2018. 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 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 Program

Share Repurchase Program	6 Months Ended
	Jun. 30, 2020
Equity [Abstract]
Share Repurchase Program	9 . Share Repurchase Program On February 26, 2020, our Board of Directors authorized the repurchase of up to $50,000,000 of our common stock. Our share repurchases may be made on the open market, subject to Rule 10b-18 or in privately negotiated transactions, through block trades, through 10b5-1 plans or otherwise, at management’s discretion. The amount of shares purchased and the timing of the purchases will be based on market conditions, working capital requirements, general business conditions and other factors. We intend to retire the repurchased shares. During the six months ended June 30, 2020, we repurchased 444,813 shares of our common stock on the open market at a total cost of approximately $24,999,996 (an average price of $56.20 per share). All shares repurchased were retired. .

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	10 . 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. 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. Management believes that payments, if any, related to these performance bonds are not probable at June 30, 2020. Accordingly, we have not accrued any liabilities related to such performance bonds in our consolidated financial statements. Employment Contracts and Severance Plans We have employment contracts with, and severance 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 June 30, 2020. 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 incidental to the 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, employment claims, 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 required . If accruals are not required , we further evaluate each legal proceeding to assess whether an estimate of possible loss or range of possible loss can be made. 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 work required pursuant to any legal proceedings or the resolution of any legal proceedings during such period. Legal expenses related to defense of any legal proceeding or the negotiations, settlements, rulings and advice of outside legal counsel in connection with any legal proceedings are expensed as incurred . In connection with the acquisition of PCM, the Company has effectively assumed responsibility for PCM litigation matters, including various disputes related to PCM’s acquisition of certain assets of En Pointe Technologies in 2015. The seller of En Pointe Technologies and related entities providing various post-closing support functions to PCM have asserted claims regarding the sufficiency of earnout payments paid by PCM under the asset purchase agreement and the unwinding of the support functions post-closing. PCM has rejected and vigorously responded to those claims and is pursuing various counterclaims. The disputes are being heard by multiple courts and arbitrators in several different jurisdictions including California, Delaware and Pakistan. The Company cannot determine with certainty the costs or outcome of these matters. However, the Company is not involved in any pending or threatened legal proceedings, including the PCM litigation matters, that it believes would reasonably be expected to have a material adverse effect on its business, financial condition or results of operations.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Segment Information	11. Segment Information We operate in three reportable geographic operating segments: North America; EMEA; and APAC with PCM being included in our North America and EMEA segments for the three and six months ended June 30, 2020. Our offerings in North America and certain countries in EMEA and APAC include IT hardware, software and services. Our offerings in the remainder of our EMEA and APAC segments are largely software and certain software-related services. The following table summarizes net sales by offering for North America, EMEA and APAC for the three and six months ended June 30, 2020 and 2019 (in thousands): North America EMEA APAC Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 1,023,970 $ 935,792 $ 153,255 $ 142,951 $ 6,834 $ 9,979 Software 286,202 289,874 186,781 190,086 15,891 25,653 Services 228,975 179,841 51,981 46,137 14,846 15,708 $ 1,539,147 $ 1,405,507 $ 392,017 $ 379,174 $ 37,571 $ 51,340 North America EMEA APAC Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 2,152,456 $ 1,684,129 $ 328,224 $ 314,476 $ 14,580 $ 16,497 Software 591,365 611,953 387,863 373,234 46,761 60,718 Services 469,707 351,866 94,816 81,639 27,014 26,975 $ 3,213,528 $ 2,647,948 $ 810,903 $ 769,349 $ 88,355 $ 104,190 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 and six months ended June 30, 2020 or 2019. 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 consider 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 June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 1,310,172 $ 340,036 $ 22,725 $ 1,672,933 Services 228,975 51,981 14,846 295,802 Total net sales 1,539,147 392,017 37,571 1,968,735 Costs of goods sold: Products 1,187,178 310,279 20,490 1,517,947 Services 107,073 13,558 5,768 126,399 Total costs of goods sold 1,294,251 323,837 26,258 1,644,346 Gross profit 244,896 68,180 11,313 324,389 Operating expenses: Selling and administrative expenses 187,313 48,177 7,090 242,580 Severance and restructuring expenses 4,904 2,093 13 7,010 Acquisition and integration related expenses 611 - — 611 Earnings from operations $ 52,068 $ 17,910 $ 4,210 $ 74,188 Three Months Ended June 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 1,225,666 $ 333,037 $ 35,632 $ 1,594,335 Services 179,841 46,137 15,708 241,686 Total net sales 1,405,507 379,174 51,340 1,836,021 Costs of goods sold: Products 1,120,834 304,885 33,197 1,458,916 Services 85,614 9,839 6,203 101,656 Total costs of goods sold 1,206,448 314,724 39,400 1,560,572 Gross profit 199,059 64,450 11,940 275,449 Operating expenses: Selling and administrative expenses 144,498 47,652 7,339 199,489 Severance and restructuring expenses 480 200 — 680 Acquisition and integration related expenses 3,163 - — 3,163 Earnings from operations $ 50,918 $ 16,598 $ 4,601 $ 72,117 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 2,743,821 $ 716,087 $ 61,341 $ 3,521,249 Services 469,707 94,816 27,014 591,537 Total net sales 3,213,528 810,903 88,355 4,112,786 Costs of goods sold: Products 2,475,375 656,028 56,782 3,188,185 Services 236,329 27,921 10,626 274,876 Total costs of goods sold 2,711,704 683,949 67,408 3,463,061 Gross profit 501,824 126,954 20,947 649,725 Operating expenses: Selling and administrative expenses 398,516 98,421 14,506 511,443 Severance and restructuring expenses 7,026 2,099 29 9,154 Acquisition and integration related expenses 1,873 204 — 2,077 Earnings from operations $ 94,409 $ 26,230 $ 6,412 $ 127,051 Six Months Ended June 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 2,296,082 $ 687,710 $ 77,215 $ 3,061,007 Services 351,866 81,639 26,975 460,480 Total net sales 2,647,948 769,349 104,190 3,521,487 Costs of goods sold: Products 2,095,535 628,923 71,766 2,796,224 Services 170,747 18,993 11,602 201,342 Total costs of goods sold 2,266,282 647,916 83,368 2,997,566 Gross profit 381,666 121,433 20,822 523,921 Operating expenses: Selling and administrative expenses 281,448 94,797 14,307 390,552 Severance and restructuring expenses 811 115 124 1,050 Acquisition-related expenses 3,163 — — 3,163 Earnings from operations $ 96,244 $ 26,521 $ 6,391 $ 129,156 The following is a summary of our total assets by reportable operating segment (in thousands): June 30, 2020 December 31, 2019 North America $ 4,414,439 $ 3,814,408 EMEA 911,796 699,856 APAC 158,428 123,349 Corporate assets and intercompany eliminations, net (1,143,185 ) (459,434 ) Total assets $ 4,341,478 $ 4,178,179 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Depreciation and amortization of property and equipment: North America $ 5,826 $ 3,786 $ 11,652 $ 7,743 EMEA 1,249 1,012 2,577 1,967 APAC 137 140 272 272 7,212 4,938 14,501 9,982 Amortization of intangible assets: North America 9,371 3,636 18,864 7,272 EMEA 534 69 1,040 138 APAC 109 116 218 234 10,014 3,821 20,122 7,644 Total $ 17,226 $ 8,759 $ 34,623 $ 17,626

Acquisitions

Acquisitions	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Acquisitions	12. PCM On August 30, 2019, we completed our acquisition of PCM, acquiring 100 percent of the issued and outstanding shares of PCM for a cash purchase price of $745,562,000, which included cash and cash equivalents acquired of $84,637,000 and the payment of PCM’s outstanding debt. PCM is a provider of multi-vendor technology offerings, including hardware, software and services to small, mid-sized and corporate/enterprise commercial clients, state, local and federal governments and educational institutions across the United States, Canada and the United Kingdom. Based in El Segundo, California, PCM had 40 office locations globally and more than 4,000 teammates. We believe that this acquisition allows us to help existing PCM clients in positioning their businesses for future growth, transforming and securing their data platforms, creating modern and mobile experiences for their workforce and optimizing the procurement of technology. The addition of PCM complements our supply chain optimization solution offering, adding scale and clients in the mid-market and corporate space primarily in North America. The following table summarizes the purchase price and the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase price net of cash and cash equivalents acquired $ 660,925 Fair value of net assets acquired: Current assets $ 531,941 Identifiable intangible assets - see description below 191,370 Property and equipment 91,213 Other assets 32,699 Current liabilities (367,712 ) Long-term liabilities, including deferred taxes (64,915 ) Total fair value of net assets acquired 414,596 Excess purchase price over fair value of net assets acquired ("goodwill") $ 246,329 Under the acquisition method of accounting, the total purchase price as shown in the table above was allocated to the tangible and identifiable intangible assets acquired and liabilities assumed based on their estimated fair values. The excess of the purchase price over fair value of net assets acquired was recorded as goodwill. In the fourth quarter of 2019, an adjustment of $56,700,000 was recorded to goodwill primarily due to a change in the customer relationships valuation based on updated information received for key inputs as well as an associated change in deferred taxes. The fair values of current assets and liabilities are based upon their historical costs on the date of acquisition due to their short-term nature. The estimated fair values of the majority of property and equipment, excluding acquired real estate, are also based upon historical costs net of depreciation, as they approximated fair value. Certain long-term assets, including PCM’s IT systems, were written down to the estimated fair value. The preliminary estimated fair value of net assets acquired was approximately $414,596,000, including $191,370,000 of identified intangible assets, consisting primarily of customer relationships of $178,900,000. The fair value of the customer relationships were determined using the multiple-period excess earnings method. The identifiable intangible assets resulting from the acquisition are amortized using the straight-line method over the following estimated useful lives: customer relationships – 10-12 years; trade names – 1 year; non-compete agreements – 2-3 years. Goodwill of $246,329,000, which was recorded in our North America and EMEA operating segments, represents the excess of the purchase price over the estimated fair value assigned to tangible and identifiable intangible assets acquired and liabilities assumed from PCM. The goodwill is not amortized and will be tested for impairment annually in the fourth quarter of our fiscal year. The addition of the PCM technical employees to our team and the opportunity to grow our business are the primary factors making up the goodwill recognized as part of the transaction. None of the goodwill is tax deductible. The purchase price allocation is preliminary and was allocated using information currently available. Further information related to legal accruals, taxes and other statutory assessments may lead to an adjustment of the purchase price allocation. We have consolidated the results of operations for PCM since its acquisition on August 30, 2019. The following table reports pro forma information as if the acquisition of PCM had been completed at the beginning of the earliest period presented (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2019 2019 Net sales As reported $ 1,836,021 $ 3,521,487 Pro forma $ 2,383,698 $ 4,602,472 Net earnings As reported $ 49,998 $ 89,325 Pro forma $ 55,349 $ 92,406 Diluted earnings per share As reported $ 1.38 $ 2.47 Pro forma $ 1.53 $ 2.56 Changes in Goodwill and Intangible Assets Other than the goodwill and intangible assets recorded in conjunction with the acquisitions of vNext and PCM, the only other change in consolidated goodwill and intangible assets as of June 30, 2020 compared to the balance as of December 31, 2019 resulted from foreign currency translation adjustments associated with the balances in our North America, EMEA and APAC operating segments.

Subsequent Events

Subsequent Events	6 Months Ended
	Jun. 30, 2020
Subsequent Events [Abstract]
Subsequent Events	13. Subsequent Event On July 6, 2020, we entered into an unsecured inventory financing facility with a maximum borrowing capacity of $250,000,000 with a subsidiary of PNC Bank, N.A. This agreement will stay in effect until it is terminated by any of the parties. If balances are not paid within stated vendor terms, they will accrue interest at LIBOR plus 4.50%. Amounts outstanding under this facility will be classified as accounts payable – inventory financing facilities in the accompanying balance sheets. This new facility replaced the unsecured inventory financing facility with Wells Fargo. On July 31, 2020, we entered into the First Amendment to Credit Agreement (the “Amendment”) to the ABL facility. The Amendment, among other things, amends the credit agreement to provide additional flexibility for certain asset sale transactions by the Company and its subsidiaries.

Basis of Presentation and Rec_2

Basis of Presentation and Recently Issued Accounting Standards (Policies)	6 Months Ended
	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Recently Issued Accounting Standards	Recently Issued Accounting Standards In December 2019, the Financial Accounting Standards Board (“FASB”) issued Accounting Standard Update (“ASU”) No. 2019-12, “Simplifying the Accounting for Income Taxes.” The new standard is intended to simplify various aspects of accounting for income taxes by removing specific exceptions and amending certain requirements. The new standard is effective for interim and annual periods beginning after December 15, 2020, and early adoption is permitted. We do not expect this new standard to have a material effect on our consolidated financial statements. In June 2016, the FASB issued ASU No. 2016-13, “Financial Instruments – Credit Losses.” The new standard is intended to provide financial statement users with more decision-useful information about the expected credit losses on financial instruments and other commitments to extend credit held at each reporting date. In April 2019, the FASB issued ASU No. 2019-04, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses, Topic 815, Derivatives and Hedging, and Topic 825, Financial Instruments.” The new standard update provides changes for how a company considers expected recoveries and contractual extensions or renewal options when estimating expected credit losses. In November 2019, the FASB issued ASU No. 2019-11, “Codification Improvements to Topic 326, Financial Instruments – Credit Losses.” The new standard update provides amendments to the reporting of expected recoveries. We adopted these new standards as of January 1, 2020. The adoption of these new standards did not have a material effect on our consolidated financial statements. There have been no other material changes in 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, 2019 that affect or may affect our current financial statements.

Sales Recognition (Tables)

Sales Recognition (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue From Contract With Customer [Abstract]
Summary of Revenue Disaggregated by Reportable Operating Segments	In the following table, revenue is disaggregated by our reportable operating segments, which are primarily defined by Three Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,023,970 $ 153,255 $ 6,834 $ 1,184,059 Software 286,202 186,781 15,891 488,874 Services 228,975 51,981 14,846 295,802 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Major Client Groups Large Enterprise / Corporate $ 1,023,562 $ 273,147 $ 16,102 $ 1,312,811 Small and Medium-Sized Businesses 332,384 13,178 15,562 361,124 Public Sector 183,201 105,692 5,907 294,800 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,451,922 $ 359,206 $ 31,063 $ 1,842,191 Net revenue recognition (Agent) 87,225 32,811 6,508 126,544 $ 1,539,147 $ 392,017 $ 37,571 $ 1,968,735 Three Months Ended June 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 935,792 $ 142,951 $ 9,979 $ 1,088,722 Software 289,874 190,086 25,653 505,613 Services 179,841 46,137 15,708 241,686 $ 1,405,507 $ 379,174 $ 51,340 $ 1,836,021 Major Client Groups Large Enterprise / Corporate $ 1,071,611 $ 281,013 $ 16,785 $ 1,369,409 Small and Medium-Sized Businesses 177,515 19,818 19,459 216,792 Public Sector 156,381 78,343 15,096 249,820 $ 1,405,507 $ 379,174 $ 51,340 $ 1,836,021 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 1,338,948 $ 347,336 $ 43,284 $ 1,729,568 Net revenue recognition (Agent) 66,559 31,838 8,056 106,453 $ 1,405,507 $ 379,174 $ 51,340 $ 1,836,021 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Major Offerings Hardware $ 2,152,456 $ 328,224 $ 14,580 $ 2,495,260 Software 591,365 387,863 46,761 1,025,989 Services 469,707 94,816 27,014 591,537 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Major Client Groups Large Enterprise / Corporate $ 2,184,310 $ 565,435 $ 29,127 $ 2,778,872 Small and Medium-Sized Businesses 718,460 30,920 29,216 778,596 Public Sector 310,758 214,548 30,012 555,318 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 3,052,436 $ 751,465 $ 76,817 $ 3,880,718 Net revenue recognition (Agent) 161,092 59,438 11,538 232,068 $ 3,213,528 $ 810,903 $ 88,355 $ 4,112,786 Six Months Ended June 30, 2019 North America EMEA APAC Consolidated Major Offerings Hardware $ 1,684,129 $ 314,476 $ 16,497 $ 2,015,102 Software 611,953 373,234 60,718 1,045,905 Services 351,866 81,639 26,975 460,480 $ 2,647,948 $ 769,349 $ 104,190 $ 3,521,487 Major Client Groups Large Enterprise / Corporate $ 2,048,452 $ 541,620 $ 30,092 $ 2,620,164 Small and Medium-Sized Businesses 345,998 40,320 32,848 419,166 Public Sector 253,498 187,409 41,250 482,157 $ 2,647,948 $ 769,349 $ 104,190 $ 3,521,487 Revenue Recognition based on acting as Principal or Agent in the Transaction Gross revenue recognition (Principal) $ 2,521,026 $ 714,501 $ 91,150 $ 3,326,677 Net revenue recognition (Agent) 126,922 54,848 13,040 194,810 $ 2,647,948 $ 769,349 $ 104,190 $ 3,521,487
Summary of Information about Receivables and Contract Liabilities	The following table provides information about receivables and contract liabilities as of June 30, 2020 and December 31, 2019 (in thousands): June 30, December 31, 2020 2019 Current receivables, which are included in “Accounts receivable, net” $ 2,677,564 $ 2,511,383 Non-current receivables, which are included in “Other assets” 107,386 154,417 Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities” 91,483 84,814
Summary of Changes in Contract Liabilities from Contract with Customers	C hanges in the contract liabilities balances during the six months ended June 30, 2020 are as follows (in thousands): Increase (Decrease) Contract Liabilities Balances at December 31, 2019 $ 84,814 Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied (32,682 ) Cash received in advance and not recognized as revenue 39,351 Balances at June 30, 2020 $ 91,483
Summary of Estimated Net Sales Related to Performance Obligation	The following table includes estimated net sales related to performance obligations that are unsatisfied (or partially unsatisfied) as of June 30, 2020 that are expected to be recognized in the future (in thousands): Services Remainder of 2020 $ 81,917 2021 50,477 2022 22,765 2023 and thereafter 14,398 Total remaining performance obligations $ 169,557

Net Earnings Per Share ("EPS")

Net Earnings Per Share ("EPS") (Tables)	6 Months Ended
	Jun. 30, 2020
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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Numerator: Net earnings $ 46,385 $ 49,998 $ 80,346 $ 89,325 Denominator: Weighted average shares used to compute basic EPS 35,060 35,772 35,147 35,691 Dilutive potential common shares due to dilutive RSUs, net of tax effect 200 339 306 416 Weighted average shares used to compute diluted EPS 35,260 36,111 35,453 36,107 Net earnings per share: Basic $ 1.32 $ 1.40 $ 2.29 $ 2.50 Diluted $ 1.32 $ 1.38 $ 2.27 $ 2.47

Debt, Inventory Financing Fac_2

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations (Tables)	6 Months Ended
	Jun. 30, 2020
Debt Disclosure [Abstract]
Long-Term Debt	Our long-term debt consists of the following (in thousands): June 30, 2020 December 31, 2019 ABL revolving credit facility $ 144,000 $ 570,706 Convertible senior notes due 2025 290,551 284,836 Finance leases and other financing obligations 2,913 3,822 Total 437,464 859,364 Less: current portion of long-term debt (1,509 ) (1,691 ) Long-term debt $ 435,955 $ 857,673
Schedule of Convertible Senior Notes Balances	The notes consist of the following balances reported within the consolidated balance sheet as of June 30, 2020 (in thousands): Liability: Principal $ 350,000 Less: debt discount and issuance costs, net of accumulated accretion (59,449 ) Net carrying amount $ 290,551 Equity, net of deferred tax $ 44,731

Leases (Tables)

Leases (Tables)	6 Months Ended
	Jun. 30, 2020
Leases [Abstract]
Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet	The following table provides information about the financial statement classification of our lease balances reported within the consolidated balance sheets as of June 30, 2020 and December 31, 2019 (in thousands): Leases Classification June 30, 2020 December 31, 2019 Assets Operating lease assets Other assets $ 85,718 $ 74,684 Finance lease assets Property and equipment (a) 2,649 3,297 Total lease assets $ 88,367 $ 77,981 Liabilities Current Operating lease liabilities Accrued expenses and other current liabilities $ 20,685 $ 19,648 Finance lease liabilities Current portion of long-term debt 1,509 1,691 Non-current Operating lease liabilities Other liabilities 71,159 60,285 Finance lease liabilities Long-term debt 1,404 2,131 Total lease liabilities $ 94,757 $ 83,755 (a) Recorded net of accumulated amortization of $1,509,000 and $861,000 as of June 30, 2020 and December 31, 2019, respectively.
Schedule of Financial Statement Classification of Lease Balances With Consolidated Statement of Operations	The following table provides information about the financial statement classification of our lease expenses reported within the consolidated statement of operations for the three and six months ended June 30, 2020 (in thousands): Lease cost Classification Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Operating lease cost (a) (b) Selling and administrative expenses $ 6,438 $ 12,952 Finance lease cost Amortization of leased assets Selling and administrative expenses 324 648 Interest on lease liabilities Interest expense, net 28 60 Total lease cost $ 6,790 $ 13,660 (a) Includes immaterial amounts recorded to cost of goods sold. (b) Excludes short-term and variable lease costs, which are immaterial.
Schedule of Future Minimum Lease Payments Under Non-cancelable Leases	Future minimum lease payments under non-cancelable leases as of June 30, 2020 are as follows (in thousands): Operating leases Finance leases Total Remainder of 2020 $ 12,058 $ 827 $ 12,885 2021 21,736 1,077 22,813 2022 18,802 645 19,447 2023 13,209 449 13,658 2024 8,270 45 8,315 After 2024 28,769 — 28,769 Total lease payments 102,844 3,043 105,887 Less: Interest (11,000 ) (130 ) (11,130 ) Present value of lease liabilities $ 91,844 $ 2,913 $ 94,757 Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised.
Schedule of Weighted Average Remaining Term and Discount Rates	The following table provides information about the remaining lease terms and discount rates applied as of June 30, 2020: June 30, 2020 June 30, 2019 Weighted average remaining lease term (years) Operating leases 6.23 6.56 Finance leases 2.58 1.94 Weighted average discount rate (%) Operating leases 3.45 3.86 Finance leases 3.54 4.84
Schedule of Other Information Related to Leases	The following table provides other information related to leases for the three and six months ended June 30, 2020 (in thousands): Three Months Ended June 30, 2020 Six Months Ended June 30, 2020 Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from operating leases $ 6,502 $ 13,084 Leased assets obtained in exchange for new operating lease liabilities $ 1,307 $ 22,601

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 North America $ 1,995 $ 2,740 $ 5,385 $ 5,863 EMEA $ 704 814 1,582 1,684 APAC $ 133 128 274 250 Total Consolidated $ 2,832 $ 3,682 $ 7,241 $ 7,797
Summary of Restricted Stock Units Activity	The following table summarizes our RSU activity during the six months ended June 30, 2020: Number Weighted Average Grant Date Fair Value Fair Value Nonvested at January 1, 2020 923,400 $ 45.58 Granted (a) 321,550 57.78 Vested, including shares withheld to cover taxes (342,202 ) 41.85 $ 14,321,154 (b) Forfeited (68,561 ) 57.74 Nonvested at June 30, 2020 (a) 834,187 51.31 $ 41,042,000 (c) (a) Includes 92,315 RSUs subject to remaining performance conditions. The number of RSUs subject to performance conditions are based on the Company achieving 100% of its 2020 targeted financial results. We currently estimate that these RSUs will be awarded at 0% this annual period based on not meeting the 2020 performance targets. ( 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 $49.20 as of June 30, 2020, 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)	6 Months Ended
	Jun. 30, 2020
Segment Reporting [Abstract]
Net Sales by Offering for North America, EMEA and APAC	The following table summarizes net sales by offering for North America, EMEA and APAC for the three and six months ended June 30, 2020 and 2019 (in thousands): North America EMEA APAC Three Months Ended June 30, Three Months Ended June 30, Three Months Ended June 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 1,023,970 $ 935,792 $ 153,255 $ 142,951 $ 6,834 $ 9,979 Software 286,202 289,874 186,781 190,086 15,891 25,653 Services 228,975 179,841 51,981 46,137 14,846 15,708 $ 1,539,147 $ 1,405,507 $ 392,017 $ 379,174 $ 37,571 $ 51,340 North America EMEA APAC Six Months Ended June 30, Six Months Ended June 30, Six Months Ended June 30, Sales Mix 2020 2019 2020 2019 2020 2019 Hardware $ 2,152,456 $ 1,684,129 $ 328,224 $ 314,476 $ 14,580 $ 16,497 Software 591,365 611,953 387,863 373,234 46,761 60,718 Services 469,707 351,866 94,816 81,639 27,014 26,975 $ 3,213,528 $ 2,647,948 $ 810,903 $ 769,349 $ 88,355 $ 104,190
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 June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 1,310,172 $ 340,036 $ 22,725 $ 1,672,933 Services 228,975 51,981 14,846 295,802 Total net sales 1,539,147 392,017 37,571 1,968,735 Costs of goods sold: Products 1,187,178 310,279 20,490 1,517,947 Services 107,073 13,558 5,768 126,399 Total costs of goods sold 1,294,251 323,837 26,258 1,644,346 Gross profit 244,896 68,180 11,313 324,389 Operating expenses: Selling and administrative expenses 187,313 48,177 7,090 242,580 Severance and restructuring expenses 4,904 2,093 13 7,010 Acquisition and integration related expenses 611 - — 611 Earnings from operations $ 52,068 $ 17,910 $ 4,210 $ 74,188 Three Months Ended June 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 1,225,666 $ 333,037 $ 35,632 $ 1,594,335 Services 179,841 46,137 15,708 241,686 Total net sales 1,405,507 379,174 51,340 1,836,021 Costs of goods sold: Products 1,120,834 304,885 33,197 1,458,916 Services 85,614 9,839 6,203 101,656 Total costs of goods sold 1,206,448 314,724 39,400 1,560,572 Gross profit 199,059 64,450 11,940 275,449 Operating expenses: Selling and administrative expenses 144,498 47,652 7,339 199,489 Severance and restructuring expenses 480 200 — 680 Acquisition and integration related expenses 3,163 - — 3,163 Earnings from operations $ 50,918 $ 16,598 $ 4,601 $ 72,117 Six Months Ended June 30, 2020 North America EMEA APAC Consolidated Net sales: Products $ 2,743,821 $ 716,087 $ 61,341 $ 3,521,249 Services 469,707 94,816 27,014 591,537 Total net sales 3,213,528 810,903 88,355 4,112,786 Costs of goods sold: Products 2,475,375 656,028 56,782 3,188,185 Services 236,329 27,921 10,626 274,876 Total costs of goods sold 2,711,704 683,949 67,408 3,463,061 Gross profit 501,824 126,954 20,947 649,725 Operating expenses: Selling and administrative expenses 398,516 98,421 14,506 511,443 Severance and restructuring expenses 7,026 2,099 29 9,154 Acquisition and integration related expenses 1,873 204 — 2,077 Earnings from operations $ 94,409 $ 26,230 $ 6,412 $ 127,051 Six Months Ended June 30, 2019 North America EMEA APAC Consolidated Net sales: Products $ 2,296,082 $ 687,710 $ 77,215 $ 3,061,007 Services 351,866 81,639 26,975 460,480 Total net sales 2,647,948 769,349 104,190 3,521,487 Costs of goods sold: Products 2,095,535 628,923 71,766 2,796,224 Services 170,747 18,993 11,602 201,342 Total costs of goods sold 2,266,282 647,916 83,368 2,997,566 Gross profit 381,666 121,433 20,822 523,921 Operating expenses: Selling and administrative expenses 281,448 94,797 14,307 390,552 Severance and restructuring expenses 811 115 124 1,050 Acquisition-related expenses 3,163 — — 3,163 Earnings from operations $ 96,244 $ 26,521 $ 6,391 $ 129,156
Summary of Total Assets by Reportable Operating Segment	The following is a summary of our total assets by reportable operating segment (in thousands): June 30, 2020 December 31, 2019 North America $ 4,414,439 $ 3,814,408 EMEA 911,796 699,856 APAC 158,428 123,349 Corporate assets and intercompany eliminations, net (1,143,185 ) (459,434 ) Total assets $ 4,341,478 $ 4,178,179
Pre-Tax Depreciation and Amortization by 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 June 30, Six Months Ended June 30, 2020 2019 2020 2019 Depreciation and amortization of property and equipment: North America $ 5,826 $ 3,786 $ 11,652 $ 7,743 EMEA 1,249 1,012 2,577 1,967 APAC 137 140 272 272 7,212 4,938 14,501 9,982 Amortization of intangible assets: North America 9,371 3,636 18,864 7,272 EMEA 534 69 1,040 138 APAC 109 116 218 234 10,014 3,821 20,122 7,644 Total $ 17,226 $ 8,759 $ 34,623 $ 17,626

Acquisitions (Tables)

Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2020
Business Combinations [Abstract]
Summary of Purchase Price and Estimated Fair Value of Assets Acquired and Liabilities Assumed	The following table summarizes the purchase price and the estimated fair value of the assets acquired and liabilities assumed at the date of acquisition (in thousands): Purchase price net of cash and cash equivalents acquired $ 660,925 Fair value of net assets acquired: Current assets $ 531,941 Identifiable intangible assets - see description below 191,370 Property and equipment 91,213 Other assets 32,699 Current liabilities (367,712 ) Long-term liabilities, including deferred taxes (64,915 ) Total fair value of net assets acquired 414,596 Excess purchase price over fair value of net assets acquired ("goodwill") $ 246,329
Summary of Pro Forma Information	The following table reports pro forma information as if the acquisition of PCM had been completed at the beginning of the earliest period presented (in thousands, except per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2019 2019 Net sales As reported $ 1,836,021 $ 3,521,487 Pro forma $ 2,383,698 $ 4,602,472 Net earnings As reported $ 49,998 $ 89,325 Pro forma $ 55,349 $ 92,406 Diluted earnings per share As reported $ 1.38 $ 2.47 Pro forma $ 1.53 $ 2.56

Basis of Presentation and Rec_3

Basis of Presentation and Recently Issued Accounting Standards - Additional Information (Detail) - Segment	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Number of operating segments	3	3
VNext [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition, effective date of acquisition		Feb. 28, 2020
PCM [Member]
Organization Consolidation And Presentation Of Financial Statements [Line Items]
Business acquisition, effective date of acquisition		Aug. 30, 2019

Sales Recognition - Summary of

Sales Recognition - Summary of Revenue Disaggregated by Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	$ 1,968,735	$ 1,836,021	$ 4,112,786	$ 3,521,487
Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,842,191	1,729,568	3,880,718	3,326,677
Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	126,544	106,453	232,068	194,810
Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,312,811	1,369,409	2,778,872	2,620,164
Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	294,800	249,820	555,318	482,157
Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	361,124	216,792	778,596	419,166
North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,539,147	1,405,507	3,213,528	2,647,948
North America Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,451,922	1,338,948	3,052,436	2,521,026
North America Segment [Member] | Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	87,225	66,559	161,092	126,922
North America Segment [Member] | Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,023,562	1,071,611	2,184,310	2,048,452
North America Segment [Member] | Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	183,201	156,381	310,758	253,498
North America Segment [Member] | Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	332,384	177,515	718,460	345,998
EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	392,017	379,174	810,903	769,349
EMEA Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	359,206	347,336	751,465	714,501
EMEA Segment [Member] | Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	32,811	31,838	59,438	54,848
EMEA Segment [Member] | Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	273,147	281,013	565,435	541,620
EMEA Segment [Member] | Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	105,692	78,343	214,548	187,409
EMEA Segment [Member] | Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	13,178	19,818	30,920	40,320
APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	37,571	51,340	88,355	104,190
APAC Segment [Member] | Gross Revenue Recognition (Principal) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	31,063	43,284	76,817	91,150
APAC Segment [Member] | Net Revenue Recognition (Agent) [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	6,508	8,056	11,538	13,040
APAC Segment [Member] | Large Enterprise / Corporate [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	16,102	16,785	29,127	30,092
APAC Segment [Member] | Public Sector [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	5,907	15,096	30,012	41,250
APAC Segment [Member] | Small and Medium-Sized Businesses [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	15,562	19,459	29,216	32,848
Hardware Net Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,184,059	1,088,722	2,495,260	2,015,102
Hardware Net Sales [Member] | North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	1,023,970	935,792	2,152,456	1,684,129
Hardware Net Sales [Member] | EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	153,255	142,951	328,224	314,476
Hardware Net Sales [Member] | APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	6,834	9,979	14,580	16,497
Software Net Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	488,874	505,613	1,025,989	1,045,905
Software Net Sales [Member] | North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	286,202	289,874	591,365	611,953
Software Net Sales [Member] | EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	186,781	190,086	387,863	373,234
Software Net Sales [Member] | APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	15,891	25,653	46,761	60,718
Services Net Sales [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	295,802	241,686	591,537	460,480
Services Net Sales [Member] | North America Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	228,975	179,841	469,707	351,866
Services Net Sales [Member] | EMEA Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	51,981	46,137	94,816	81,639
Services Net Sales [Member] | APAC Segment [Member]
Disaggregation of Revenue [Line Items]
Disaggregation of Revenue	$ 14,846	$ 15,708	$ 27,014	$ 26,975

Sales Recognition - Summary o_2

Sales Recognition - Summary of Information about Receivables and Contract Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	$ 2,677,564	$ 2,511,383
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	91,483	84,814
Accounts Receivable, Net [Member]
Disaggregation of Revenue [Line Items]
Current receivables, which are included in “Accounts receivable, net”	2,677,564	2,511,383
Other Assets [Member]
Disaggregation of Revenue [Line Items]
Non-current receivables, which are included in “Other assets”	107,386	154,417
Accrued Expenses and Other Current Liabilities and Other Liabilities [Member]
Disaggregation of Revenue [Line Items]
Contract liabilities, which are included in “Accrued expenses and other current liabilities” and “Other liabilities”	$ 91,483	$ 84,814

Sales Recognition - Summary o_3

Sales Recognition - Summary of Changes in Contract Liabilities from Contract with Customers (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Revenue From Contract With Customer [Abstract]
Beginning balance, Contract Liabilities	$ 84,814
Reclassification of the beginning contract liabilities to revenue, as the result of performance obligations satisfied, Contract Liabilities	(32,682)
Cash received in advance and not recognized as revenue, Contract Liabilities	39,351
Ending balance, Contract Liabilities	$ 91,483

Sales Recognition - Summary o_4

Sales Recognition - Summary of Estimated Net Sales Related to Performance Obligation (Detail) - Services [Member] $ in Thousands	Jun. 30, 2020USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 169,557
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2020-07-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 81,917
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2021-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 50,477
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2022-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 22,765
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date: 2023-01-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 14,398
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Period	1 year

Sales Recognition - Summary o_5

Sales Recognition - Summary of Estimated Net Sales Related to Performance Obligation (Detail 1) $ in Thousands	Jun. 30, 2020USD ($)
Services [Member]
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Total remaining performance obligations	$ 169,557

Sales Recognition - Additional

Sales Recognition - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020
New Accounting Pronouncements And Changes In Accounting Principles [Abstract]
Description of expected duration	With the exception of remaining performance obligations associated with our OneCall Support Services contracts which are included in the table above regardless of original duration, remaining performance obligations that have original expected durations of one year or less are not included in the table above.  Amounts not included in the table above have an average original expected duration of eight months.
Time and material contracts expected duration	20 months

Assets Held for Sale - Addition

Assets Held for Sale - Additional Information (Detail) - USD ($)	3 Months Ended	6 Months Ended
	Mar. 31, 2020	Jun. 30, 2020
Long Lived Assets Held For Sale [Line Items]
Proceeds from sale of property		$ 14,218,000
Irvine, California Property [Member]
Long Lived Assets Held For Sale [Line Items]
Proceeds from sale of property	$ 14,218,000
Other Current Assets [Member]
Long Lived Assets Held For Sale [Line Items]
Properties held for sale		$ 68,916,000

Net Earnings Per Share ("EPS"_2

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Numerator:
Net earnings	$ 46,385	$ 49,998	$ 80,346	$ 89,325
Denominator:
Weighted average shares used to compute basic EPS	35,060	35,772	35,147	35,691
Dilutive potential common shares due to dilutive RSUs, net of tax effect	200	339	306	416
Weighted average shares used to compute diluted EPS	35,260	36,111	35,453	36,107
Net earnings per share:
Basic	$ 1.32	$ 1.40	$ 2.29	$ 2.50
Diluted	$ 1.32	$ 1.38	$ 2.27	$ 2.47

Net Earnings Per Share ("EPS"_3

Net Earnings Per Share ("EPS") - Additional Information (Detail) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Restricted Stock Units (RSUs) [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
RSUs excluded from the diluted EPS calculations	400,000	1,000	243,000	83,000

Debt, Inventory Financing Fac_3

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Long-Term Debt (Detail) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Long-term debt
Finance leases and other financing obligations	$ 2,913,000	$ 3,822,000
Total	437,464,000	859,364,000
Less: current portion of long-term debt	(1,509,000)	(1,691,000)
Long-term debt	435,955,000	857,673,000
ABL Facility [Member]
Long-term debt
Revolving credit facility	144,000,000	570,706,000
Convertible Senior Notes due 2025 [Member]
Long-term debt
Convertible senior notes due 2025	$ 290,551,000	$ 284,836,000

Debt, Inventory Financing Fac_4

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Additional Information (Detail)	Aug. 30, 2019USD ($)	Aug. 15, 2019USD ($)	Jun. 30, 2020USD ($)sharesd$ / shares	Dec. 31, 2019USD ($)	Aug. 23, 2019USD ($)
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 261,133,000	$ 253,676,000
Convertible Senior Notes due 2025 [Member]
Debt Instrument [Line Items]
Aggregate principal amount of convertible senior notes, issued amount		$ 300,000,000	$ 350,000,000
Convertible senior notes, maturity date		Feb. 15, 2025
Additional aggregate principal amount of notes issued					$ 50,000,000
Convertible senior notes, interest rate		0.75%
Convertible senior notes, payable term			payable semiannually, in arrears, on February 15th and August 15th of each year.
Number of trading days | d			20
Number of consecutive trading days | d			30
Percentage of last reported sale price to conversion price on each applicable trading day			130.00%
Principal amount per note used in conversion rate			$ 1,000
Debt Conversion, initial conversion rate | shares			14.6376
Conversion price per share | $ / shares			$ 68.32
Repurchase price as percentage of principal amount			100.00%
Shares issuable upon conversion of debt | shares			6,788,208
Debt instrument, redemption price, percentage of outstanding principal amount redeemed			100.00%
Convertible senior notes, remaining accretion period of debt discount and issuance cost			4 years 7 months 15 days
Convertible senior notes, effective interest rate			4.325%
Conversion price per share | $ / shares			$ 68.32
Convertible note hedge expiration date			Feb. 15, 2025
Payments to convertible note hedge transaction			$ 66,325,000
Warrants sold to purchase of additional common stock | shares			5,123,160
Warrant price per share to purchase additional common stock | $ / shares			$ 103.12
Warrants expiration date			May 15, 2025
Proceeds from sale of warrants			$ 34,440,000
Convertible Senior Notes due 2025 [Member] | Scenario One [Member]
Debt Instrument [Line Items]
Number of trading days | d			20
Number of consecutive trading days | d			30
Percentage of last reported sale price to conversion price on each applicable trading day			130.00%
Convertible Senior Notes due 2025 [Member] | Scenario Two [Member]
Debt Instrument [Line Items]
Number of consecutive trading days | d			5
Percentage of last reported sale price to conversion price on each applicable trading day			98.00%
Measurement period			5 days
Convertible Senior Notes due 2025 [Member] | Maximum [Member]
Debt Instrument [Line Items]
Option to purchase common stock, shares | shares			5,123,160
ABL Facility [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 1,200,000,000
Line of credit maturity date	Aug. 30, 2024
Amount of facility permitted by qualified receivables			$ 1,200,000,000
Line of credit outstanding amount			144,000,000	$ 570,706,000
ABL Facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Credit facility, increase in amount available for borrowing	$ 500,000,000
ABL Facility [Member] | Foreign Currency Borrowings [Member]
Debt Instrument [Line Items]
Credit facility, borrowing capacity	$ 150,000,000
Inventory Financing Facility [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			490,000,000
Accounts payable-inventory financing facility			$ 261,133,000
Inventory Financing Facility [Member] | Wells Fargo [Member]
Debt Instrument [Line Items]
Inventory financing facility interest rate if balances are not paid within stated vendor terms			prime plus 1.25%
Inventory financing facility rate if vendor terms not met equal prime plus			1.25%
Unsecured Inventory Financing Facility [Member] | Wells Fargo [Member]
Debt Instrument [Line Items]
Inventory financing facility maximum borrowing capacity			$ 250,000,000
Unsecured Inventory Financing Facility [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Inventory financing facility interest rate if balances are not paid within stated vendor terms			prime plus 2.00%
Inventory financing facility rate if vendor terms not met equal prime plus			2.00%
Unsecured Inventory Financing Facility [Member] | Maximum [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 240,000,000
Unsecured Inventory Financing Facility [Member] | Minimum [Member] | MUFG Bank Ltd [Member]
Debt Instrument [Line Items]
Accounts payable-inventory financing facility			$ 200,000,000

Debt, Inventory Financing Fac_5

Debt, Inventory Financing Facilities, Finance Leases and Other Financing Obligations - Schedule of Convertible Senior Notes Balances (Detail) - Convertible Senior Notes due 2025 [Member] - USD ($)	Jun. 30, 2020	Aug. 15, 2019
Liability:
Principal	$ 350,000,000	$ 300,000,000
Less: debt discount and issuance costs, net of accumulated accretion	(59,449,000)
Net carrying amount	290,551,000
Equity, net of deferred tax	$ 44,731,000

Leases - Additional Information

Leases - Additional Information (Detail) $ in Thousands	6 Months Ended
	Jun. 30, 2020USD ($)
Lessee Lease Description [Line Items]
Operating lease, existence of option to extend	true
Operating lease, option to extend lease terms, description	Operating lease payments include $13.4 million related to options to extend lease terms that are reasonably certain of being exercised
Operating lease payments	$ 102,844
Options to Extend Lease Terms [Member]
Lessee Lease Description [Line Items]
Operating lease payments	$ 13,400
Minimum [Member]
Lessee Lease Description [Line Items]
Operating lease renewal term	1 year
Maximum [Member]
Lessee Lease Description [Line Items]
Operating lease renewal term	5 years

Leases - Schedule of Financial

Leases - Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Lessee Lease Description [Line Items]
Total lease assets	$ 88,367	$ 77,981
Total lease liabilities	94,757	83,755
Other Assets [Member]
Lessee Lease Description [Line Items]
Operating lease assets	85,718	74,684
Property and equipment [Member]
Lessee Lease Description [Line Items]
Finance lease assets	2,649	3,297
Accrued expenses and other current liabilities [Member]
Lessee Lease Description [Line Items]
Operating lease liabilities	20,685	19,648
Current portion of long-term debt [Member]
Lessee Lease Description [Line Items]
Finance lease liabilities	1,509	1,691
Other liabilities [Member]
Lessee Lease Description [Line Items]
Operating lease liabilities	71,159	60,285
Long-term debt [Member]
Lessee Lease Description [Line Items]
Finance lease liabilities	$ 1,404	$ 2,131

Leases - Schedule of Financia_2

Leases - Schedule of Financial Statement Classification of Lease Balances With Consolidated Balance Sheet (Parenthetical) (Detail) - USD ($)	Jun. 30, 2020	Dec. 31, 2019
Property and equipment [Member]
Lessee Lease Description [Line Items]
Finance lease assets, accumulated amortization	$ 1,509,000	$ 861,000

Leases - Schedule of Financia_3

Leases - Schedule of Financial Statement Classification of Lease Balances With Consolidated Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Lessee Lease Description [Line Items]
Total lease cost	$ 6,790	$ 13,660
Selling and Administrative Expenses [Member]
Lessee Lease Description [Line Items]
Operating lease cost	6,438	12,952
Amortization of leased assets	324	648
Interest Expense, Net [Member]
Lessee Lease Description [Line Items]
Interest on lease liabilities	$ 28	$ 60

Leases - Schedule of Future Min

Leases - Schedule of Future Minimum Lease Payments Under Non-cancelable Leases (Detail) $ in Thousands	Jun. 30, 2020USD ($)
Operating Lease
Remainder of 2020	$ 12,058
2021	21,736
2022	18,802
2023	13,209
2024	8,270
After 2024	28,769
Total lease payments	102,844
Less: Interest	(11,000)
Present value of lease liabilities	91,844
Finance Lease
Remainder of 2020	827
2021	1,077
2022	645
2023	449
2024	45
Total lease payments	3,043
Less: Interest	(130)
Present value of lease liabilities	2,913
Total
Remainder of 2020	12,885
2021	22,813
2022	19,447
2023	13,658
2024	8,315
After 2024	28,769
Total lease payments	105,887
Less: Interest	(11,130)
Present value of lease liabilities	$ 94,757

Leases - Schedule of Weighted A

Leases - Schedule of Weighted Average Remaining Term and Discount Rates (Detail)	Jun. 30, 2020	Jun. 30, 2019
Leases [Abstract]
Operating leases, Weighted average remaining lease term (years)	6 years 2 months 23 days	6 years 6 months 21 days
Finance leases, Weighted average remaining lease term (years)	2 years 6 months 29 days	1 year 11 months 8 days
Operating leases, Weighted average discount rate	3.45%	3.86%
Finance leases, Weighted average discount rate	3.54%	4.84%

Leases - Schedule of Cash Flows

Leases - Schedule of Cash Flows Associated With the Company's Leasing Activities (Detail) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$ 6,502	$ 13,084
Leased assets obtained in exchange for new operating lease liabilities	$ 1,307	$ 22,601

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		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Line Items]
Stock-based compensation expense related to restricted stock units (RSUs)	$ 2,832	$ 3,682	$ 7,241	$ 7,797
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)	1,995	2,740	5,385	5,863
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)	704	814	1,582	1,684
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)	$ 133	$ 128	$ 274	$ 250

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2020USD ($)
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total compensation cost related to RSU's not yet recognized	$ 28,105,491
Weighted average number of years for recognition of outstanding nonvested RSUs	1 year 5 months 4 days

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Restricted Stock Units Activity (Detail) - Restricted Stock Units (RSUs) [Member]	6 Months Ended
	Jun. 30, 2020USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Number, Beginning balance | shares	923,400
Number, Granted | shares	321,550
Number, Vested, including shares withheld to cover taxes | shares	(342,202)
Number, Forfeited | shares	(68,561)
Nonvested Number, Ending balance | shares	834,187
Nonvested Weighted Average Grant Date Fair Value, Beginning balance | $ / shares	$ 45.58
Weighted Average Grant Date Fair Value, Granted | $ / shares	57.78
Weighted Average Grant Date Fair Value, Vested, including shares withheld to cover taxes | $ / shares	41.85
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	57.74
Nonvested Weighted Average Grant Date Fair Value, Ending balance | $ / shares	$ 51.31
Fair Value, Vested, including shares withheld to cover taxes | $	$ 14,321,154
Fair Value, Nonvested at end of period | $	$ 41,042,000

Stock-Based Compensation - Su_2

Stock-Based Compensation - Summary of Restricted Stock Units Activity (Parenthetical) (Detail)	6 Months Ended
	Jun. 30, 2020$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price | $ / shares	$ 49.20
Percentage of award vested upon completion of acquisition	0.00%
Performance Based Restricted Stock Unit [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total RSUs | shares	92,315

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Income Tax [Line Items]
Effective tax rate	26.20%	25.90%	23.80%	24.90%
United States federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%
Unrecognized tax benefits	$ 10,682,000		$ 10,682,000		$ 9,736,000
Unrecognized tax benefits, interest on income taxes accrued	$ 601,000		$ 601,000		$ 442,000
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 increase or decrease the balance of our gross unrecognized tax benefits.
Earliest Tax Year [Member]
Income Tax [Line Items]
Open tax year			2013
Latest Tax Year [Member]
Income Tax [Line Items]
Open tax year			2018

Share Repurchase Program - Addi

Share Repurchase Program - Additional Information (Detail) - USD ($)	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Feb. 26, 2020
Equity [Abstract]
Common stock repurchase program, authorized amount			$ 50,000,000
Common stock repurchase program, number of shares repurchased	444,813	0
Repurchase program, approximate dollar value of shares purchased	$ 24,999,996
Repurchase program, average price paid per share	$ 56.20

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2020
Commitments And Contingencies Disclosure [Abstract]
Number of months of salary paid as severance	from three to twenty-four months

Segment Information - Additiona

Segment Information - Additional Information (Detail) - Segment	3 Months Ended	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2020
Segment Reporting [Abstract]
Number of operating segments	3	3
Description of major customers net sales		None of our clients exceeded ten percent of consolidated net sales for the three and six months ended June 30, 2020 or 2019.

Segment Information - Net Sales

Segment Information - Net Sales by Offering for North America, EMEA and APAC (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Revenue from External Customer [Line Items]
Revenues from external customers	$ 1,968,735	$ 1,836,021	$ 4,112,786	$ 3,521,487
North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	1,539,147	1,405,507	3,213,528	2,647,948
EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	392,017	379,174	810,903	769,349
APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	37,571	51,340	88,355	104,190
Hardware Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	1,184,059	1,088,722	2,495,260	2,015,102
Hardware Net Sales [Member] | North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	1,023,970	935,792	2,152,456	1,684,129
Hardware Net Sales [Member] | EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	153,255	142,951	328,224	314,476
Hardware Net Sales [Member] | APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	6,834	9,979	14,580	16,497
Software Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	488,874	505,613	1,025,989	1,045,905
Software Net Sales [Member] | North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	286,202	289,874	591,365	611,953
Software Net Sales [Member] | EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	186,781	190,086	387,863	373,234
Software Net Sales [Member] | APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	15,891	25,653	46,761	60,718
Services Net Sales [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	295,802	241,686	591,537	460,480
Services Net Sales [Member] | North America Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	228,975	179,841	469,707	351,866
Services Net Sales [Member] | EMEA Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	51,981	46,137	94,816	81,639
Services Net Sales [Member] | APAC Segment [Member]
Revenue from External Customer [Line Items]
Revenues from external customers	$ 14,846	$ 15,708	$ 27,014	$ 26,975

Segment Information - Financial

Segment Information - Financial Information about Reportable Operating Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Total net sales	$ 1,968,735	$ 1,836,021	$ 4,112,786	$ 3,521,487
Total costs of goods sold	1,644,346	1,560,572	3,463,061	2,997,566
Gross profit	324,389	275,449	649,725	523,921
Operating expenses:
Selling and administrative expenses	242,580	199,489	511,443	390,552
Severance and restructuring expenses	7,010	680	9,154	1,050
Acquisition and integration related expenses	611	3,163	2,077	3,163
Earnings from operations	74,188	72,117	127,051	129,156
Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,672,933	1,594,335	3,521,249	3,061,007
Total costs of goods sold	1,517,947	1,458,916	3,188,185	2,796,224
Services [Member]
Segment Reporting Information [Line Items]
Total net sales	295,802	241,686	591,537	460,480
Total costs of goods sold	126,399	101,656	274,876	201,342
North America Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	1,539,147	1,405,507	3,213,528	2,647,948
Total costs of goods sold	1,294,251	1,206,448	2,711,704	2,266,282
Gross profit	244,896	199,059	501,824	381,666
Operating expenses:
Selling and administrative expenses	187,313	144,498	398,516	281,448
Severance and restructuring expenses	4,904	480	7,026	811
Acquisition and integration related expenses	611	3,163	1,873	3,163
Earnings from operations	52,068	50,918	94,409	96,244
North America Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	1,310,172	1,225,666	2,743,821	2,296,082
Total costs of goods sold	1,187,178	1,120,834	2,475,375	2,095,535
North America Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	228,975	179,841	469,707	351,866
Total costs of goods sold	107,073	85,614	236,329	170,747
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	392,017	379,174	810,903	769,349
Total costs of goods sold	323,837	314,724	683,949	647,916
Gross profit	68,180	64,450	126,954	121,433
Operating expenses:
Selling and administrative expenses	48,177	47,652	98,421	94,797
Severance and restructuring expenses	2,093	200	2,099	115
Acquisition and integration related expenses			204
Earnings from operations	17,910	16,598	26,230	26,521
EMEA Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	340,036	333,037	716,087	687,710
Total costs of goods sold	310,279	304,885	656,028	628,923
EMEA Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	51,981	46,137	94,816	81,639
Total costs of goods sold	13,558	9,839	27,921	18,993
APAC Segment [Member]
Segment Reporting Information [Line Items]
Total net sales	37,571	51,340	88,355	104,190
Total costs of goods sold	26,258	39,400	67,408	83,368
Gross profit	11,313	11,940	20,947	20,822
Operating expenses:
Selling and administrative expenses	7,090	7,339	14,506	14,307
Severance and restructuring expenses	13		29	124
Earnings from operations	4,210	4,601	6,412	6,391
APAC Segment [Member] | Products [Member]
Segment Reporting Information [Line Items]
Total net sales	22,725	35,632	61,341	77,215
Total costs of goods sold	20,490	33,197	56,782	71,766
APAC Segment [Member] | Services [Member]
Segment Reporting Information [Line Items]
Total net sales	14,846	15,708	27,014	26,975
Total costs of goods sold	$ 5,768	$ 6,203	$ 10,626	$ 11,602

Segment Information - Summary o

Segment Information - Summary of Total Assets by Reportable Operating Segment (Detail) - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 4,341,478	$ 4,178,179
Operating Segments [Member] | North America Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	4,414,439	3,814,408
Operating Segments [Member] | EMEA Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	911,796	699,856
Operating Segments [Member] | APAC Segment [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	158,428	123,349
Intersegment Eliminations [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ (1,143,185)	$ (459,434)

Segment Information - Pre-Tax D

Segment Information - Pre-Tax Depreciation and Amortization by Operating Segment (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	$ 7,212	$ 4,938	$ 14,501	$ 9,982
Amortization of intangible assets	10,014	3,821	20,122	7,644
Depreciation and amortization, total	17,226	8,759	34,623	17,626
North America Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	5,826	3,786	11,652	7,743
Amortization of intangible assets	9,371	3,636	18,864	7,272
EMEA Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	1,249	1,012	2,577	1,967
Amortization of intangible assets	534	69	1,040	138
APAC Segment [Member]
Segment Reporting Information [Line Items]
Depreciation and amortization of property and equipment	137	140	272	272
Amortization of intangible assets	$ 109	$ 116	$ 218	$ 234

Acquisitions - Additional Infor

Acquisitions - Additional Information (Detail)	Aug. 30, 2019USD ($)OfficeTeammate	Dec. 31, 2019USD ($)	Jun. 30, 2020USD ($)
Business Acquisition [Line Items]
Goodwill		$ 415,149,000	$ 415,897,000
PCM [Member]
Business Acquisition [Line Items]
Cash purchase price	$ 745,562,000
Acquisition, percentage of issued and outstanding shares acquired	100.00%
Cash and cash equivalents acquired	$ 84,637,000
Number of office locations globally | Office	40
Estimated fair value of net assets acquired	$ 414,596,000
Identifiable intangible assets	191,370,000
Goodwill	246,329,000
Tax deductible goodwill	0
PCM [Member] | Customer Relationships
Business Acquisition [Line Items]
Goodwill balance due to adjustment in purchase price allocation		$ 56,700,000
Identifiable intangible assets	$ 178,900,000
PCM [Member] | Trade Name [Member]
Business Acquisition [Line Items]
Useful Life	1 year
PCM [Member] | Minimum [Member]
Business Acquisition [Line Items]
Number of teammates | Teammate	4,000
PCM [Member] | Minimum [Member] | Customer Relationships
Business Acquisition [Line Items]
Useful Life	10 years
PCM [Member] | Minimum [Member] | Non-compete Agreements [Member]
Business Acquisition [Line Items]
Useful Life	2 years
PCM [Member] | Maximum [Member] | Customer Relationships
Business Acquisition [Line Items]
Useful Life	12 years
PCM [Member] | Maximum [Member] | Non-compete Agreements [Member]
Business Acquisition [Line Items]
Useful Life	3 years

Acquisitions - Summary of Purch

Acquisitions - Summary of Purchase Price and Estimated Fair Value of Assets Acquired and Liabilities Assumed (Detail) - USD ($)	Aug. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Business Acquisition [Line Items]
Purchase price net of cash and cash equivalents acquired		$ 6,406,000	$ 3,362,000
Fair value of net assets acquired:
Excess purchase price over fair value of net assets acquired ("goodwill")		$ 415,897,000		$ 415,149,000
PCM [Member]
Business Acquisition [Line Items]
Purchase price net of cash and cash equivalents acquired	$ 660,925,000
Fair value of net assets acquired:
Current assets	531,941,000
Identifiable intangible assets - see description below	191,370,000
Property and equipment	91,213,000
Other assets	32,699,000
Current liabilities	(367,712,000)
Long-term liabilities, including deferred taxes	(64,915,000)
Total fair value of net assets acquired	414,596,000
Excess purchase price over fair value of net assets acquired ("goodwill")	$ 246,329,000

Acquisitions - Summary of Pro F

Acquisitions - Summary of Pro Forma Information (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Business Acquisition [Line Items]
Net sales, As reported	$ 1,968,735	$ 1,836,021	$ 4,112,786	$ 3,521,487
Net earnings, As reported	$ 46,385	$ 49,998	$ 80,346	$ 89,325
Diluted earnings per share, As reported	$ 1.32	$ 1.38	$ 2.27	$ 2.47
PCM [Member]
Business Acquisition [Line Items]
Net sales, As reported		$ 1,836,021		$ 3,521,487
Net sales, Pro forma		2,383,698		4,602,472
Net earnings, As reported		49,998		89,325
Net earnings, Pro forma		$ 55,349		$ 92,406
Diluted earnings per share, As reported		$ 1.38		$ 2.47
Diluted earnings per share, Pro forma		$ 1.53		$ 2.56

Subsequent Events - Additional

Subsequent Events - Additional Information (Detail) - Subsequent Event [Member] - Unsecured Inventory Financing Facility [Member] - PNC [Member]	Jul. 06, 2020USD ($)
Subsequent Event [Line Items]
Credit facility, borrowing capacity	$ 250,000,000
Inventory financing facility rate if vendor terms not met equal LIBOR plus	4.50%